It’s time to enter the competitive world once kids have passed their class 12th exams. Everyone wants to choose a professional path that will provide them with exciting work prospects in the race to be number one. Keeping this in mind, a lot of students today choose commerce as a career. The pupils must, however, be fully aware of the advantages of the program before enrolling in colleges for B. Com hons in Delhi NCR.
A B.Com college in Greater Noida can offer students high caliber managerial skills in subjects connected to business. Additionally, by the time they complete B. Com Hons degreeprogram, students have a thorough understanding of fundamental subjects like accounting, law, statistics, finance, and marketing, to name a few.
We present to you the benefits of earning a B.Com Hons degree from top B. Com colleges in Greater Noida. Knowing the benefits of the degree might allay your concerns and undoubtedly assist you in making the best choice.
Difference between B. Com and B. Com Hons
Both the courses have the same field of study but B. Com hons offer more specialized programs. A three-year undergraduate degree program called B. Com (Hons) provides in-depth knowledge of subjects including accounting, business studies, statistics, economics, mathematics, finance, law, taxation, marketing, management, and other topics. There are countless advantages to choosing B. Com (Hons) as compared to B. Com degree. Let’s clarify a couple of them first before moving to major benefits of B. Com Hons:
- The above-mentioned subjects are available as specializations in the B. Com Hons. Students may select the subject they want to specialize in during their final year.
- Whereas a B. Com Hons degree qualifies a bearer for occupations at the associate and executive levels, a B. Com. (Hons.) degree qualifies a person for management and directing positions.
- A B. Com (Hons) candidate makes more money than a B. Com graduate does. The first salary package for a candidate with a B. Com (Hons.) degree can range from INR 25000 to 45000 per month.
- Candidates with in-depth knowledge of a particular subject, such as that provided by a B. Com (Hons), are frequently hired by large MNCs or internationally known businesses.
Let’s discuss the benefits of B. Com Hons degree for Career: Following are the major perks of pursuing B. Com hons from best B. Com Institutes in Greater Noida.
Ready to Launch a Business and Work in the Corporate World
A student with a B.Com Hons degree is well equipped to succeed as an entrepreneur or as an employee of a corporation. The student is capable of focusing globally, has a thorough awareness of the market-relevant parts of the business world, and has sufficient knowledge to adjust to changes in the flexible business world. However, if the student decides to launch their own company, they can manage it successfully and competently without having to pay for specialized accountants or market advisors.
Prospective career
1) High employment: Students from top B. Com colleges in Greater Noidamay definitely anticipate high job opportunities because today, every business needs an accountant or a commerce specialist to operate efficiently. Students majoring in business administration have a solid understanding of how to handle a company’s finances. In this profile, there has hardly ever been any shortage of employment.
2) Job prospects: A B.Com student has a wide range of employment opportunities available to them once they graduate. Searching for work opportunities in the transdisciplinary areas of business can lead to some fantastic ones. The following fields offer job opportunities for students:
- Banking
- Company Secretary
- Chartered Accountancy
- Economics
- Cost Work and Accountancy
- Stock Broking
- Agricultural Economics
Job profiles
After completing your B.Com hons, you can select your ideal work profile among the many possibilities. A B. Comgraduate from top B. Com collegesmay select from the following options:
- Accountant
- Accountant Executive
- Tax Auditor
- Finance Manager
- Cost Accountant
- Finance Analyst
- Finance Planner
- Portfolio Manager
- Statistician
- Economist
- Investment Analyst
- Finance Controller
- Finance Consultant
- Stock Broker
- Tax Consultant
- Auditor
Departments that B.Com. (Hon.) graduates may work in include:
Candidates are qualified to operate in a variety of economic areas once they have completed their degrees and absorbed all of these subjects. The next paragraphs provide an explanation of the industries and employment positions.
After earning a B.Com (Hons) degree, candidates may find employment in places like:
- Commercial Banking
- International Banking
- Accounting and auditing
- Tax advisory services
- Financial services
- Insurance services
- Manufacturing services
- Government services
List of Courses for students after B. Com Hons
Master of Commerce grads (M.Com)
After B.Com Hons, M.Com is the most popular course. Students can choose their area of specialization from the following two-year courses:
- Finance
- Accounting
- Economics
- Taxation
- Business Studies
- Marketing
- Management
- Statistics
Students should keep in mind that they should only choose a course from a college that has received AICTE approval or from a university that has government recognition.
Master of Business Administration MBA
One of the most well-liked programs that guarantees a job is the MBA. Graduates in commerce might choose the two-year MBA in Finance program. A student must pass an entrance exam, followed by a group discussion and an interview, in order to enroll in an MBA program. Once enrolled, the student has the following options for specialization:
- Financial management
- Marketing management
- Banking & insurance management
- Systems management
- Human resource management
CA/CS/ICWA
Chartered Accountancy (CA), Company Secretary (CS), and Cost and Work Accountancy are three options for students seeking lucrative career prospects, particularly in the accounting field (CWA).
The Institute of Chartered Accountants of India administers the Chartered Accountant (CA) examination (ICAI). The candidate needs to pass the CPT, IPCC, and Final CA exams. Graduate students, however, are able to directly apply for the IPCC, which consists of two categories. Once one of the groups has been successfully completed, the student must sign up for an articleship with seasoned CAs. At least two and a half years should pass during the articleship. The student can take the final CA once both the groups and articleship have been successfully completed.
Program for Certified Bank Managers
The Hyderabad-based Institute of Bank Management and Research (IBMR) offers a two-year degree that includes the following topics:
- Banking and financial services
- Risk management
- Money
- Banking laws and regulations
- Treasury
- Credit
- Banking strategy
Certificate in Banking and Services (DBFS)
Choose the Diploma in Banking & Services if you want to start a career in banking (DBFS). The Institute Of Finance, Banking & Insurance (IFBI, offers this postgraduate two-year diploma program. Any B.Com student who earned at least 50% on their graduation exams qualifies for this course. However, a personal interview serves as the basis for the ultimate decision.
BCom Hons Salary
A B.Com (Hons) graduate can expect to make an average salary of about INR 4.71 LPA, according to Payscale. A B.Com (Hons) new graduate may expect to make an average salary of roughly 3.30 LPA, with the highest salaries reaching 18 LPA. However, a variety of elements, including knowledge, location, job profiles, and talents, effect the same. The average pay for those with two years of experience is INR 4.11 LPA. The company profile is crucial in establishing a B.Com (Hons) graduate’s compensation.
Conclusion
BCom Hons degree makes it easy for students to find a job in the finance and banking or any other industry that requires accounting skills to manage finances. Therefore, it is crucial to choose the best B. Com college in Greater Noida to get started with your education in this sector.
FAQs
Q1. What are the career prospects of B.Com (Hons)?
Career options after B.Com (Hons):
- Associate Professor
- Credit Analyst
- Financial Analyst
- Market Research Analyst
- Investment banker
Q2. What are the skills required to become an Investment Banker?
- Attention to detail
- Logical and critical thinking
- Teamwork
- Knowledge of economics and statistics
Q3. Who are the top recruiters for B.Com(Hons) graduates?
Some of the top recruiters for B.Com (Hons) graduates are:
- ICICI Bank
- HDFC Bank
- Axis Bank
- Barclays Bank PLC
Q4. What is the highest salary of a Sales Executive?
The highest salary of a Sales Executive can be around INR 5-6 LPA.
