BCom Finance

B.Com Finance is a three-year undergraduate level course opted for by most of the students belonging to the commerce stream. The course is offered in both full-time and part-time modes. Under BCom Finance, students get to study the principles of financial planning, economic theory, money and banking system, trade and its characteristics, etc. The course also introduces them to accounting and taxation regimes.

The basic eligibility to pursue a B.Com Finance course is to have completed class 12th from the commerce stream with a minimum of 50% marks from a recognised board. The course fee for B.Com Finance is affordable and ranges between INR 10,000 to INR 6,00,00 per annum. Top colleges offering B.Com Finance courses include St. Joseph College Calicut, Delhi University, Mumbai University, Christ University Bangalore, AIMS Institute Bangalore etc. The course is also offered part time or through distance education at universities such as Alagappa University, Mumbai University, Bharathiar University etc. with average annual fees of INR 4,000 to 25,000 per annum.

B.Com Finance graduates have a lot of scope both in India and abroad. Top job profiles after completing this course include Financial Manager, Finance Executive, Assistant Accountant, Accountant, Business Development Executive, Financial Consultant, Corporate Analyst etc. All these positions are considered reputed across the world and individuals get handsome salary amounts ranging between INR 6 lakhs to INR 10 lakhs per annum.

To increase their salary after BCom Finance and to gain expertise by joining top roles in leading organisations, one might need to pursue advanced level degrees or diplomas or professional courses, such as CMA, CA, MBA, M.Com in Finance, M.Com in Taxation and M.Com in Auditing etc. 

• The DUET through CUET 2024 exam for B.Com Finance registration process will commence in April 2024. The exam is scheduled for May 15-31, 2024.
• The DSAT 2024 registration process for B.Com Finance is about to begin in March 2024. The exam will be held in the second week of April 2024.
• The registration for the BHU UET via CUET 2024 for B.Com Finance will begin in April 2024, with the examination scheduled to take place from May 15 to May 31, 2024.
• The registration process for IPU CET 2024 exam for B.Com Finance course is scheduled between March to May 2024 and the exam will be held between May to June 2024.

To get a swift view of the B.Com Finance course, please have a look at the course highlights mentioned in the table below.

Finance is an integral part of the interconnected FAME group of subjects (finance, accounting, management, and economics), which are among the most sought-after courses at both the undergraduate and postgraduate levels.

Individuals contemplating a finance education can explore diverse pathways. The B.Com Finance course equips students for roles in corporate and government financial management, banking, and financial planning. Finance is centred on planning and analysis; delving into finance and enhancing financial literacy empowers individuals to make more informed personal financial choices.

Pursuing B.Com Finance can enhance critical thinking and problem-solving skills, providing a foundation for making well-informed financial decisions. The study of B.Com Finance not only prepares individuals for careers in the financial services sector but also equips them with skills applicable to everyday life tasks.

The career opportunities after BCom Finance are immense offering reputable positions with lucrative salaries across the world. Finance is the need of every organisation from a simple startup to a big corporate house and even a multinational company. B.Com Finance graduates are in demand everywhere. 
 

The eligibility criteria for the B.Com Finance course are outlined as follows:

• Candidates should have successfully completed their 10+2 education in commerce or equivalent stream with a minimum of 50% marks in the final examination from a recognised board.
• Candidates are required to have studied at least one or more of the suggested subjects, including accounting, economics, mathematics, statistics, etc.
• Additionally, students must successfully clear the relevant entrance examination to enrol in the course.
• Students with outstanding compartments are not eligible for admission.
• Individuals following the IB curriculum should possess 3HL & 3SL with 24 credits.
• Those pursuing GCE Excel must have a minimum of 3 A levels.

Required Skill Set for B.Com Finance Course

To pursue a B.Com Finance course, one must have the specific skills required to grow in the field. This is something which the candidate must possess even before taking admission to the course. The skills must be a part of a candidate's personality as these will help them in being more efficient at their job. Candidates are requested to go through these skills and try to accumulate as much as possible before the course begins. The skills include:

• Numeracy skills
• Data management
• Accounting skills
• Expertise in mathematics
• Statistical understanding
• Familiarization with accounting software
• Knowledge of excel
• Problem-solving skills
• Good communication skills
• Attention for detail
• Team organisation skills
• Leadership
• Human resource management
• Good knowledge of taxes
• Financial analysis

Typically, admission to a B.Com Finance course is based on direct application, primarily considering the marks obtained in the final examination of class 12. Nevertheless, certain institutions conduct entrance exams for shortlisting students. Only candidates who successfully pass the entrance exam are granted admission to the college offering the course. Following the exam, students may also be required to clear a personal interview round to secure their seats.

Some popular entrance exams for B.Com Finance course are as follows:

• CUET (Common University Entrance Test): CUET is held for admission to various PG, UG, MPhil, and PhD courses across many universities in India. The National Testing Agency (NTA) administers CUET every year.
• NPAT (NMIMS Program after Twelfth): NPAT is the official entrance test for admissions to undergraduate and integrated degree programmes at the Mumbai, Shirpur, and Bengaluru campuses. The overall difficulty level of NPAT is moderate, and the exam duration has been extended from 100 to 120 minutes.
• IPU CET (Indraprastha University Common Entrance Test): Conducted by Indraprastha University, IPU CET offers admission to various Undergraduate and Postgraduate courses at GGSIPU. Candidates must have passed 10+2 or an equivalent examination with a minimum of 55% aggregate marks and proficiency in English is also required.
• DSAT (Dayanand Sagar Admission Test): DSAT is conducted annually by Dayananda Sagar University. It is conducted in both online and offline modes and candidates have 2 hours to solve 75 questions.

The B.Com Finance entrance exam schedule for the academic year 2024-25 is as follows:

Admission to a B.Com Finance course involves applying based on the marks obtained in class 12th and successfully passing the required entrance exam. In certain institutions, students may also need to undergo an interview process after clearing the entrance exam before securing admission to pursue the course.

B.Com Finance Application Process 

The initiation of the B.Com Finance course involves submitting the application form, accessible on the official website of the desired institute. The application process is elucidated below for clarity, and students are strongly advised to carefully follow these steps to avoid any last-minute complications.

• To begin, students should visit the official website and initiate the course application by reading about the procedure.
• Basic details such as name, date of birth, phone number, email ID, and the preferred course are required during the registration. 
• Upon successful registration, students will receive login credentials via the provided email ID. Using these credentials, they need to log in to the official website to complete the application form.
• In the application form, students are required to furnish educational details and other pertinent information. Additionally, they need to upload various documents including their school leaving certificate, class 10th mark sheet, class 12th mark sheet, address proof, etc.
• It is imperative to provide all information in the prescribed format, ensuring that the uploaded documents are valid and not obtained illegally.
• After entering all details, students are urged to review the entire application form to ensure accuracy, as editing will not be permitted later.
• Following the submission of the complete application form, the application fee must be paid online through the provided payment gateway network.
• Upon payment, a receipt will be generated. Students should take a screenshot of the receipt and save it for future reference. Additionally, a printout of the application form acknowledgement must be obtained for further use.

B.Com Finance Selection Process

Selection to the B.Com Finance course is done either through 10+2 merit or a university-conducted entrance exam. Typically, the entrance exam is succeeded by a personal interview to assess students' logical thinking and overall knowledge of the course.

Merit-Based:

• Generally, admission is merit-based, and some colleges offer direct admission to students. Applications can be submitted online or offline.
• Aspirants then need to submit the application form on the designated date and provide the required documents.

Entrance-Based:

• Certain colleges conduct entrance exams for B.Com Finance admission.
• The colleges shortlist candidates who pass the entrance exam and selected individuals proceed to the interview stage with the necessary documents.
• After the final selection following the interview, candidates must submit their original required documents to the institute during the admission process.

The course fees for B.Com Finance can fluctuate based on various factors, including the institute's location, college ranking, curriculum, placement statistics, and alumni network. In India, the average BCom Finance course fees typically range between INR 10,000 and INR 6,00,000 for the entire programme. This fee range is generally considered affordable in comparison to the potential salary prospects after completing the course.

The curriculum for the B.Com Finance course differs across institutes but there are common subjects covered. The programme spans three years, divided into six semesters. In addition to core subjects, students are required to undertake internships and practicals as part of the course requirements.

The details of the B.Com Finance course syllabus are provided in the table below.

The top private colleges offering B.Com Finance courses are listed below. The compilation comprises the college name, location, ranking, and average fees. Most of the B.Com Finance private colleges are situated in the state of Maharashtra, the maximum of them being in Mumbai.

Below are some of the top government colleges offering B.Com Finance courses. The list includes the college name, location, ranking, and average fees.

There is widespread scope for B.Com Finance graduates around the globe. It is one of the most popular and most opted options after completing class 12th. Students who are interested in building their careers in the fields of research, accounting and finance prefer this course. The scope of the B.Com Finance is not limited only to accounts and economics but also to the teaching field. Students who have a BCom Finance degree are demanded in both the public and private sectors. If we talk about salary, these graduates expect lucrative amounts in comparison to other B.Com specializations. Finance as a field is the most important and ever-expanding, thus its career scope is also expanding each day. 

B.Com Finance Jobs 

Finance has become a universal need for every sector in every country. Numerous job profiles are offered for B.Com Finance graduates worldwide and they can find employment across a wide spectrum of professional domains, given the significance of commerce as a field of study. Organizations exhibit a preference for hiring B.Com Finance graduates, particularly in roles associated with finance and accounting. 

The career opportunities after completing the course span various fields, including research, accounting, finance, management, commerce, and associated roles. Some of the top career profiles after B.Com Finance are as follows.

• Accountant - Accountants undertake a range of responsibilities, including analyzing accounts, reviewing the accuracy of financial statements and documents, conducting routine and annual audits, assessing financial operations, preparing tax returns, offering insights on efficiency improvements and cost savings, and providing risk analysis and forecasting.
• Financial Analyst - Financial Analysts are employed in various sectors such as banks, pension funds, insurance companies, and other enterprises. Their role involves guiding businesses and individuals regarding financial decisions aimed at achieving profitability. They evaluate the performance of stocks, bonds, and various investment instruments.
• Finance Executive - The responsibilities of a Finance Executive encompass overseeing and coordinating corporate-level budgeting, financial analysis, and reporting systems. They play a crucial role in ensuring adherence to Generally Accepted Accounting Principles (GAAP) standards and meeting regulatory requirements.
• Business Development Executive - Monitoring sales and analyzing key performance indicators (KPIs) form a critical aspect of their role as they assess the effectiveness of the business strategy and strive to enhance it for increased sales. Business Development Executives utilize marketing strategies and outreach initiatives to generate leads, employing their negotiation skills to establish long-term relationships and successfully secure contracts with potential clients.
• Assistant Accountant - An Assistant Accountant, also known as an Accounting Assistant, aids the Accountant by handling fundamental bookkeeping, clerical, and accounting responsibilities within a company. Their tasks encompass the preparation of company budgets, the creation and evaluation of financial reports, and the management of payroll processes for the business.
• Business and Corporate Analyst - In the role of a Business Analyst, one’s responsibilities involve gathering and analyzing intricate business data, examining trends and market shifts, constructing models and reports derived from the analysis, and furnishing financial support to the management team.
• Operation Manager - Operations Managers play a pivotal role in enhancing the efficiency of a business, government agency, or non-profit organization. As adept leaders, they provide support to operational leadership across various departments, including finance, IT, human resources, and accounts payable, contributing to the overall effectiveness of the organization.
• Marketing Manager - The role of Marketing Managers involves formulating, implementing, and executing strategic marketing plans for an entire organization or specific lines of business and brands within an organization. The objective is to attract potential customers and maintain the loyalty of existing ones.
• Financial Manager - Engaged in data analysis, Financial Managers offer insights to senior managers on profit-maximizing strategies, shouldering the responsibility for the overall financial well-being of an organization. Their duties encompass the creation of financial reports, oversight of investment activities, and the formulation of plans to achieve long-term financial objectives for the organization.

B.Com Finance Salary

The salary for a B.Com Finance graduate fluctuates, depending on individual skills and experience, the production company of employment, the specific role undertaken, additional responsibilities like managing budgets or analyzing financial reports, and the popularity of the organization one is hired into, among other factors. The subsequent figures represent the average salary packages corresponding to various job roles for B.Com Finance graduates.

B.Com Finance Top Recruiters

The following are the prominent recruiters of B.Com Finance course graduates:

• State Bank of India
• Reliance Ltd.
• HDFC Bank
• Bharti Airtel
• United India Insurance
• Aditya Birla Ltd.
• Policy Bazaar
• Canara Bank
• Bajaj Allianz
• Infosys 
• Life Insurance Corporation
• Tata Consultancy Services
• KPMG
• Maruti Suzuki
• Deloitte
• Capgemini
• New India Insurance
• Ernst and Young
• Punjab National Bank
• Yes Bank
• Reserve Bank of India

After finishing a bachelor's degree in B.Com Finance, individuals have the opportunity to pursue various postgraduate and diploma courses in India. Some popular options include:

• Master of Commerce in Finance
• Master of Commerce in Accounting
• Master of Commerce in Taxation
• Master of Business Administration
• Chartered Accountancy (CA)
• Company Secretary (CS)
• Chartered Financial Analyst
• Certified Management Accounting