B Com Business Economics

Across India, commerce colleges offer a variety of Bachelor of Commerce or B.Com courses with a range of specialisations. B.Com in Business Economics is one of the many specialisations on offer to the students. With the aim of training and qualifying students to understand the intricate details of various economical factors of an operational business.

B.Com in Business Economics is a three-year undergraduate programme designed with the objective of producing qualified professionals capable of providing business with data-backed solutions for various financial situations. The 3-year B.Com Business Economics course enhances the critical and analytical decision-making and thinking skills of a candidate.

Graduates of B.Com Economics will have gained the ability to collect data pertaining to the financial workings of a business, analyse and critically evaluate the expenses and incomes of the business and provide economically and business-oriented decisions that will bring increase the profits and the credibility of a business.

B.Com Business Economics Course Highlights

Check out the B.Com Business Economics course highlights, followed commonly across educational institutions in India.

• Candidates should have cleared class 12 board examination in the stream of commerce from any recognised board of education.

• It is imperative that they have secured a minimum aggregate score of 50% or more in the qualifying examination, in subjects such as Economics, Business Studies, Mathematics, and equivalent subjects.

B.Com Business Economics Admission Process

Admissions to the 3-year undergraduate programme in one of the commerce colleges in India will be based either on entrance scores or merit of the candidate. These are two more commonly opted methods of admission in India. Check out the B.Com Business Economics admission processes.

Entrance-Based Admissions

• Candidates will be asked to apply for admissions and subsequently be asked to appear for an entrance exam, conducted by a competent authority. In this case, the entrance exams will be conducted at the university-level, therefore, candidates will have to check the individual eligibility and admission process of the college/university in question.

• Once the entrance exam has been attempted, the university will release a merit list with the names of the candidates who qualified for the entrance exam.

• Following this, the candidates will either be offered admissions based specifically on entrance test scores or they will be called for further selection processes which may include a personal interview and/or a group discussion.

• Based on the overall performance of the candidates in the entrance test, personal interviews, and/or group discussions, the university/college will shortlist prospective students.

Merit-Based Admissions

• Once the application forms have been received by the respective colleges/universities, candidates will be called for the selection processes defined by the respective colleges.

• Further selection processes may include personal interviews and/or group discussions or other parameters defined by the respective colleges.

• Based on the overall performance of the candidates in the personal interview and/or group discussion along with the past academic record of the candidate, the college/university will shortlist the candidates for admissions.

B.Com Business Economics Course Fee

For all those aspiring to pursue the three-year UG commerce course in one of the commerce colleges in the country, the average course fee for B.Com Business Economics ranges anywhere between ?10,000 - ?2,00,000 per year. The B.Com Business Economics course fee will be determined based on various factors such as whether the institute is offered by a Government or Private institute, the recognition of the institute and the course, the demand for the course, and various other parameters. Inevitably, government colleges offered the course would be financially cheaper than private institutes.

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Over the decades, B.Com or Bachelor of Commerce has become of popular choices among school passouts in India, mostly due to the impressive and lucrative career options available. The career prospects and job options of B.Com Business Economics are equally, if not better, than that of a normal B.Com degree holder. Due to the localised training in the specialisation of Business Economics under B.Com, graduates possess the unique skill set to provide an organisation with productive and profitable services.

After graduating from a B.Com Business Economics from one of the reputed colleges in India, graduates will be able to pursue a career path in one of the following areas of employment.

• Government and Private Banks

• Financial Institutions

• Multi-National Companies

• Private Business / Companies / Organisations

While graduates of the course will be able to find a career path after B.Com Business Economics in a number of industries and sectors, they will also be able to fill up numerous job profiles available in those sectors, some of which have been mentioned below.

• Business Analyst

• Investment Advisor

• Business Risk Advisor

• Operations Manager

• Business Analytics Executive or Manager

• Economist

• Market Analyst

• Business Economic Writer

• Budget Analyst

Currently, there is a dearth in the number of skilled and qualified Business Economics capable to offer their expertise to organisations across different sectors. Therefore, the initial salary paid to a fresh graduate of B.Com Business Economics would be slightly higher than that of a B.Com graduate.

In India, a B.Com Business Economics graduate may receive anywhere between ?2,50,000 - ?4,00,000 LPA at the beginning phases of their career. However, with the necessary skills and experience gained through hard work in the industry, candidates may earn an annual salary ranging between ?5,60,000 - ?7,80,000. Moreover, at the senior level, the salary may increase even more and could possibly even range anywhere between ?9,00,000 - ?12,00,000, with the appropriate skills, qualifications and experience.

Apart from pursuing a career path after the course, many graduates opt for pursuing higher education after B.Com Business Economics. There are many routes that can be opted by an aspirant, however, some of the commonly opted PG programmes after B.Com Business Economics are:

• MBA

• PGDM

• LLB

• M.Com

• B.Ed

Pursuing higher education after graduating from a B.Com Business Economics is often a smarter choice as students gain additional academic qualifications which qualify them for higher positions and earn better salary packages in an organisation. Pursuing higher education also reduces the journey it takes to reach higher positions and allow for better and lucrative career paths from the beginning itself.