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Online B.Com Degree - A Preliminary-Step Towards Your Footstep to Success
Significance of Online B.Com Courses
B.Com (Bachelor of Commerce) is a one-such degree that is designed meticulously covering all the integral aspects involved in the world of commerce and trade. It is the only degree in the commerce stream that equips the student with an all-round knowledge and skills, essential to make a career in varied areas of commerce such as Banking, Finance, Marketing, and even pursue professional degrees like CA/CS with it. Additionally, with the emergence of online courses – Online B.Com, it has become quite easy and convenient for the prospective students to manage their academic studies with other professionals courses/family responsibilities/internships/part-time jobs. With such benefits, one can easily focus on gaining real-world practical experiences and build a better future.
Topics Covered in Online B.Com Courses
With the changing transformative landscape of commerce and trade, the curriculum of B.Com courses has evolved over a period of time, covering all the latest topics and concepts that are vital to thrive in the challenging world. Generally, topics that are usually covered in today’s Online B.Com courses are as follows:
Financial Accounting
Business Statistics
Cost Accounting
Financial Statement Interpretation
Principles of Consumer Behaviour
Research Methods for Managers
Managing Customer Relationships
Principles of Organisational Behaviour
Management Accounting
E-Commerce
Specialisations
It is necessary to have knowledge about the fundamental aspects of banking and finance before getting into the corporate world (irrespective of which field one wants to get into). This specialisation is best fitted for the ones who want to make an enriching career in the banking and financial sector. It covers topics such as Introduction to Computer Systems, Business Law, Entrepreneurship Management, Management of Financial Services, etc.
Prior to stepping forward in the professional space, it is crucial to have an understanding about the intricacies of business economics. In this specialisation, one will delve into the topics like Applied Economics, Business of Commercial Banks, Aspects of Company Accounts, Business Regulatory Framework, Advanced Corporate Accounts, Auding, etc.
This specialisation is a great choice for the ones wanting to start their career in stock market, or take up relevant job roles like Portfolio Manager, Financial Planner, Financial Analyst, etc. This specialisation covers a wide range of topics like Investment Analysis, Derivatives and Risk Management, International Finance, Financial Modelling, Security Analysis and Portfolio Management, etc.
This specialisation involves all the detailed aspects of accounting. For the ones good with numbers and are interested to make use of this skill must choose this specialisation. It covers topics like Taxation, Statistics, Company law, Advanced Financial Accounting, Advanced Concepts in Accountancy, etc. With this specialisation, one can choose to take up job roles like Accounts Manager, Corporate Account Manager, Sales Account Manager, Personal Financial Advisor, Accountant, etc.
This specialisation is especially suitable for those having a keen interest in international business management and want to take up job roles like International Marketing Business, International Product Manager, International Supply Chain Manager, etc or the ones wanting to start their own business. Key topics that are generally covered in this specialisation are: Basics of Foreign Trade, Business Mathematics, Entrepreneurship Development, Import and Export, International Project Management, etc.
It is nothing but a study of business management in the cross-cultural context. This is a new-age concept and a must-know concept for the ones having passion and willingness to take up a managerial role in a business organisation. The sub-topics that are covered in this specialisation are Culture and Strategy, Leadership and Culture, International Trade, Cultural Change in Organizations, etc.
The above-mentioned are some of the specialisations that are generally offered by the universities/institutes within an Online B.Com program. Usually, the number of specialisations as well as the area of specialisations varies from university to university.
Who Can Pursue Online B.Com Courses?
Online B.Com Degree programs are particularly designed for those with a keen interest in commerce and trade and willing to make a career into the wide spectrum of the business world with a prestigious degree, covering the intricacies of business management.
Online B.Com Programs are best-suited for the ones pursuing CA/CS, as this is the only bachelor course that is easy to take up with a professional course. Apart from that, there are subjects like Taxation, Accounting, Financial Accounting in B.Com that are helpful in these professional courses as well.
Online B.Com Degree also welcomes individuals looking to transition into the field of business commerce and trade and gain relevant skills.
Candidates wanting to manage their family responsibilities or do a job without compromising higher education must consider enrolling themselves in an online B.Com course if they want to make a career in the broad spectrum of commerce and trade, as online programs provide flexibility to study anytime, anywhere.
Online programs offer the advantage of accessibility to students from various geographic locations, eliminating the need for relocation. So, candidates interested in equipping themselves with all-round knowledge and skills of today’s complex business landscape from renowned institutes/universities should enroll in online B.Com courses.
Eligibility Criteria to Enroll in Online B.Com Courses
Individuals who have successfully completed their 10+2 education from a recognized National or State board institution are eligible for enrollment in Online B.Com Programs.
Many universities or institutions require applicants to take an additional entrance test, to understand whether a candidate is well-fitted to gain an extensive knowledge about the business world.
How to Find a Suitable Online B.Com Course for You?
First and foremost, you must have a clear mindset and a long-term as well as short-term goal, as it will guide you in the right direction. A goal should be SMART - Specific, Measurable, Achievable, Relevant and Time-Bound. For instance, You must specifically know which field you want to get into - Finance/Accounting/Management, etc and then choose one of the specialisations accordingly.
Once you have decided what your goal is, you must then move forward with the next step of conducting extensive research. This is the most essential part where you need to research the online B.Com programs that are prevalent and hold a higher value in the current market. While looking at a particular Online B.Com Program, you must consider - Program Highlights, Syllabus, Fee, Credibility of the University/Institute through Rankings (NIRF, QS World University Rankings, etc.), Accreditations (UGC, AICTE, WES, WASC, etc.) and Specialisations that are being offered by them.
After conducting extensive research, you must select an online B.Com course that aligns with your goal, fits well with your schedule, has high credibility and involves a cutting-edge curriculum. A course that ticks off all these criteria will be the most-suitable program for you.
Once you select the appropriate course, you can then check for their admission criteria, keep all the required documents ready and submit the application before or on the deadline day. Then, you are all set to make a move in the all-round Online B.Com program encompassing commerce and trade that caters to your needs and requirements.
Admission Process - Online B.Com Degree Programs
The admission process to enroll for an online B.Com course usually involves the following steps:
Check and Confirm the Eligibility Criteria
Understand the Admission Process
Keep an Eye on the Deadlines
Keep the Required Documents Ready Beforehand
Fill and Submit the Application Form
Pay the Fee (In one go or in instalments)
Industry-Relevant Skills for B.Com Students
Basic Mathematical Awareness
MS Excel
Problem-Solving Skills
Numeracy Skills
Knowledge of Taxes
Well-Versed with Financial Aspects
Know-How of Accounting Softwares
Communication Skills
Interpersonal Skills
Team Building Skills
Leadership Skills
Analytical Skills
Top Job Profiles for B.Com Graduates
Job Profiles | Average Salary | Highest Salary |
Banker | INR 3 to 4 LPA | INR 10 LPA |
Bank Manager | INR 7.90 LPA | INR 20 LPA |
Accountant | INR 2-3 LPA | INR 6.2 LPA |
Accounts Manager | INR 5.80 LPA | INR 15 LPA |
Stockbroker | INR 2-3 LPA | INR 5-7 LPA |
Business Executive | INR 2.50 LPA | INR 7 LPA |
Financial Analyst | INR 5 LPA | INR 10.1 LPA |
Financial Consultant | INR 6.28 LPA | INR 14 LPA |
Finance Manager | INR 9 LPA | INR 30 LPA |
Tax Consultant | INR 5 LPA | INR 9.5 LPA |
Chartered Accountant | INR 7 LPA | INR 15 LPA |
Company Secretary | INR 6.25 LPA | INR 17.2 LPA |
Chartered Financial Analyst | INR 6.9 LPA | INR 16 LPA |
Certified Management Accountant | INR 14 LPA | INR 50 LPA |
Financial Risk Manager | INR 9 LPA | INR 23 LPA |
Certified Financial Planner | INR 3.50 LPA | INR 10.9 LPA |
Commerce Teacher | INR 6 LPA | INR 8 LPA |
Auditor | INR 3 LPA | INR 9 LPA |
Marketing Manager | INR 7 LPA | INR 42 LPA |
Investment Banker | INR 13 LPA | INR 84 LPA |
Sales Associate | INR 5 LPA | INR 12 LPA |
Ranking & Accreditations
Rankings and accreditations play a vital role in the decision-making process when candidates select an Online B.Com Courses. They serve as significant factors that determine the worth of a degree in today’s highly competitive market. The online B.Com course is designed in partnership with recognized universities and is curated meticulously by experienced faculty and industry experts. They offer rigorous and industry-aligned curriculums, complemented by prestigious rankings and accreditations such as NIRF Rankings, World University Rankings, UGC-approved, and AICTE-approved, WES, etc. As a result, these factors make them distinctive from other online B.Com degree programs and make them well-suited for students wanting to gain a comprehensive understanding of business commerce and trade.
Career Preps
Identify your strengths, weaknesses, and interests to find a career path that management suits you.
Research different career options and job prospects before making a decision.
Develop a professional resume and cover letter that highlight your skills and experiences.
Build a strong professional network through networking events and social media platforms.
Prepare for interviews by researching the company and practising common interview questions.
Stay up-to-date with industry trends and developments to remain competitive in your field.
Seek feedback from mentors and colleagues to improve your skills and performance continuously.
Consider upskilling through additional courses or certifications to stay relevant in the job market.
Maintain a positive attitude and be open to new opportunities and challenges.
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FAQs
Manipal University’s online B.Com program is an excellent choice for individuals aspiring to build a career in the field of commerce. This program is meticulously crafted to equip students with the essential skills and knowledge necessary for achieving success in their chosen career paths.
The type of B.com degree that you want to pursue depends on your areas of interest. Different kinds of B.com degrees provide specialised knowledge in different fields. Here are a few B.com specialisations:
B.Com Banking and Insurance.
B.Com Banking Management.
B.Com Professional Accounting.
B.Com Taxation and Finance.
B.Com Accountancy.
B.Com Tourism and Travel Management.
Yes, even if you have not studied maths in the 12th standard, you can take up a B.com degree or an online B.com degree. Maths is also not a compulsory subject while pursuing an online bachelor’s degree in commerce.
Upon successfully earning a BCom degree, you’ll have opportunities for employment, primarily in sectors such as banking, accounting, and finance. However, it is usually recommended to go for a postgraduate degree to land better earning opportunities. There are also several online courses that students may take up after completing a B.com degree to land better job opportunities.
In today’s fiercely competitive job market, a B.Com degree or an online B.com degree alone may not suffice for securing high-paying positions. To establish a successful career in this field, students should consider pursuing additional courses and qualifications to enhance their prospects.
Upon finishing their offline or online B.com degree, individuals have the choice of following the conventional route, which includes pursuing roles in accounting, Chartered Accountancy, Company Secretary positions, and taking Bank-PO exams, or they can explore alternative avenues like financial risk management and investment banking. Another option is to transition into teaching by pursuing BEd and MCom degrees.
The monthly income for B.com graduates in India typically varies between INR 20,833 to INR 50,000, reflecting a broad salary spectrum based on factors such as skills, experience, and the specific job role they secure.
Pursuing a Bachelor of Commerce (BCom) degree represents a valuable expenditure of both time and finances, especially in today’s digitally-driven and globally interconnected economic landscape. Both offline and online B.com courses offer a comprehensive business education that empowers graduates with essential skills and knowledge essential for thriving in the corporate realm.
The choice between seeking employment directly or pursuing an MBA after completing a BCom degree hinges entirely on the individual’s personal interests and career aspirations. Nevertheless, for those aiming to secure higher-paying positions, pursuing an MBA is often seen as a recommended pathway. An MBA program not only provides advanced business knowledge and skills but also often leads to expanded career opportunities and the potential for higher earning potential due to the enhanced qualifications and networking opportunities it offers.