The right degree post the completion of your 12th in commerce can set the foundation for your future career.
Among all, among the most popular choices is the Bachelor of Commerce or B.Com. The same stream, however, has another course: B.Com (Hons).
People often get confused between these two courses.
We will consider major differences between B.Com and B.Com (Hons), career opportunities, best B.Com colleges in India as per the NIRF ranking, and some necessary insights to guide you properly.
B.Com vs B Com (Hons): Which is Right for You?
B.Com is an undifferentiated degree in commerce. The coverage includes fundamental subjects like accounting, economics, finance, and business studies.
B.Com Hons. - Advanced Degree Programme.
It leads a student to specialization in subjects like accounts, finance, taxation, or economics.
Normally, the duration of the B Com (Hons) course is three years.
The students opting for BCom (Hons) will have to opt for their stream at the postgraduate level when they enter the third year.
The course is rigorous compared to the ordinary B Com course. Employers want candidates with B Com (Hons).
Best Career Path After 12th Commerce: B.Com or B.Com (Hons)?
Both B. Com and B. Com (Hons) have bright career prospects on the completion of 12th in commerce but, based on your goals and interests, you will be opting for your career path.
- B. Com:
- There are varied job avenues for the selected candidates which include banking, finance, business management, and government sector jobs.
- For higher study purposes you can choose, MBA, M.com, or professional certification courses like Company Secretary (CS) or Certified Management Accountant (CMA)
- B.Com (Hons)
It will have more specialisation emphasis and will prepare you for that kind of jobs that will be like a financial analyst, auditor, tax consultant, and investment banker.
-The B.Com (Hons) course equips students well to crack the highly competitive exams like CA, CFA or CS.
-Top financial houses and multinational companies prefer recruiting B.Com (Hons) for jobs that require advanced expertise.
Nevertheless, B. Com is generally a good foundation for other professions. The High Paying Jobs in Commerce: After B. Com and B. Com (Hons).
The commerce graduate job market is huge, and the pay and type of job tend to vary greatly depending on whether B.Com or B.Com (Hons) degree.
Here’s a look at some of the high-earning job roles in commerce:
- Chartered Accountant (CA):
- Most sought-after jobs, specially from B.Com (Hons) graduates.
CAs can range between 6 to 12 lakhs annually at the beginning, and senior CAs in big firm can earn much more.
- Investment Banker:
- Investment bankers are mostly sought after by students who have passed out with a B.Com (Hons).
They mostly work in financial consulting, mergers, and acquisition. The take-home salary is mostly between INR 8 to 15 lakhs per year.
- Financial Analyst :
Financial analysts, especially those specialized, are handsomely paid.
Their starting salary can be in the range of INR 5 to 8 lakhs per year and much more with growth potential.
- Tax Consultant:
- Post-graduation in B.Com (Hons) specialization in taxation is generally adopted for tax consultancy, salary starting with about Rs. 4 to 6 lakhs per annum.
- Corporate Lawyer:
Students can take up good high paying careers in the corporate world after B.Com and LLB or after the combination; the starting salary will be between INR 6 to 10 lakhs per annum.
Government Sector Jobs After B.Com
B.Com and B.Com (Hons) graduates also become eligible for various government jobs, many of which involve job security, good pay, and chances of growth.
The most popular government job exams open to the B.Com graduate student are as follows:
- Banking Jobs :
There are central bank positions for B. Com graduates for entry, ranging from IBPS PO and SBI PO to RBI Grade B Officer.
Central bank position jobs start with an INR 5 lakh to 10 lakh per annum salary along with other benefits and perks.
- Civil Services:
UPSC Civil Services Examination eligible after B.Com.
The salary of IAS and IPS together would be approximated in between INR 6 to 12 lakhs with other perks.
- Railways:
There are various jobs offered by Indian railways, which comes with exams under the Railway Recruitment Board (RRB).
That too, as low as INR 4 to 8 lakhs per year.
- Public Sector Units (PSUs):
PSUs like ONGC, BHEL, and NTPC recruit the student for finance and accounting role. Usually, the starting salary ranges between INR 6 to 12 lakhs per annum.
NIRF Ranking and Best B.Com Colleges in India
The Government of India has also established a National Institutional Ranking Framework (NIRF) with the intention of ranking higher education institutions in the country.
Find here the best B.Com colleges in India, NIRF rankings: Some of the best institutes are given below:
- Shri Ram College of Commerce (SRCC), Delhi : NIRF Rank 1 for commerce education.
- Lady Shri Ram College for Women, Delhi : one of the best-ranked colleges in the B.Com programs.
- Loyola College, Chennai : Located very close to the center, known for quality education in commerce.
- Christ University, Bangalore : ranked among one of the top-ranked universities for both B.Com and B.Com (Hons) courses.
- Hindu College, Delhi: Excellent faculty and placements are offered to commerce graduates.
The B.Com fee in India varies from college to college and the course.
For example, a high-end institute like SRCC will charge between INR 30,000 and INR 50,000 per year, while private institutes may charge up to INR 1-2 lakhs per year.
Conclusion:
It is entirely up to you if you want to study B.Com and B.Com (Hons), as it depends on what you want to pursue in life.
If you want a broad degree with flexible options, then B.Com is the correct choice. Conversely, if your career objective involves being specialized in finance, accounting, or taxation, then B.Com (Hons.) would provide that competitive edge.
Other Related Information:
10 Best Degree Courses After 12th Commerce - Vidyalive
List of Best Career Courses After 12th Commerce With High Salary