For a commerce student pursuing a Bachelor of Commerce or BCom is one of the most popular choices. At Nirma University, BCom (Honours) program is designed with relevant market needs in mind and is continuously updated to integrate changes taking place in the commerce and industry. Moreover, the curriculum also consists of core and elective subjects. The core topics provide students with a basic understanding of the world of commerce and business. The elective courses, on the other hand, offers students the chance to specialize in the field of their choice. Institute of Commerce at Nirma University offers elective courses in the areas of Accounting, Banking, Financial Services, and Insurance (BFSI). The aim is to develop knowledge, skills, and attributes in students to meet the challenges of the world of modern day commerce. Moreover, the summer internships and project work ensure that students gain first-hand knowledge of how the industry functions on a practical basis. A BCom (Honours) degree provides students with the first step towards creating a stable and successful career. Here are some of career options for BCom (Honours) graduates:
This is one of the most common sectors that students gravitate towards since they understand the complex systems of accounting. As recent graduates, students can work in profiles like a junior accountant and account executive and eventually move on to roles like a senior accountant and accounts manager. They also involve computing taxes owed, preparing tax returns, and ensuring that taxes are paid correctly and on time. They are also liable for evaluating financial operations and recommending best practices. As audit assistants, their roles typically involve examining financial statement to ensure their accuracy and compliance with applicable laws and regulations.
BCom (Honours) graduates have good understanding of direct and indirect taxes and therefore can start their careers with Tax Consultancy Firms. These firms can further guide them about different types of taxpayers, calculating and paying statutory taxes and filing various statutory returns on monthly, quarterly, semi-annually and annually basis. After completion of BCom graduates can also start with Tax Consultancy Firms of their own and assist small and medium tax payers with relevant advice and support to begin with.
With the world going digital and the concept of a digital India taking flight, the necessity of effective banking channels is increasing. Therefore, the demand for BCom (Honours) graduates with advance knowledge of the sector is rising. Banks across the private, public, scheduled, and co-operative sectors all sought after BCom graduates for different roles across their branches. In the banking sector, graduates can be employed in roles like cashier, accountant, probationary officers, clerks, reporter, compliance executive, relationship managers, and customer support executives among others.
Finance is the core element of commerce and graduates with this knowledge tend to have an edge over their peers. Private finance companies like Mahendra Finance, Shriram Finance, Bajaj Finance, DHFL, Indiabulls hire graduates to sell the different financial products of the company and manage their customers. The job profiles BCom graduates may be appointed in are varied such as Finance and Sales Executive. They can eventually move up to roles like Finance Manager, Area Manager, Customer Support, Team Leader and other positions based on their experience.
This is a traditional financial service, however, gaining more prominence as risk management becomes important aspect of financial planning. These days, government also promotes the importance of insurance in society and offers tax exemptions on various insurance products. This makes insurance a lucrative sector for a stable career. BCom (Honours) graduates can be employed as Insurance Agents, Relationship Managers, and Product Development Officers etc. The job role consists of promoting and selling insurance products like life insurance, health insurance, vehicle insurance, and medical insurance, fire and marine insurance among others. By studying at Institute of Commerce you benefit from the right blend of class room teaching and practical exposure through field visits, internships, projects and guest lectures. You also benefit from the professional assistance provided by the Training & Placement Cell that facilitates the process of placement of students passing out from the institute. The Training & Placement Cell of Nirma University not only has its unique way of training the students, but it also provides the infrastructural facilities for the students to conduct group discussions, tests, and interviews. The Institute of Commerce has strong links with many corporate houses and companies which conduct campus interviews and select graduates. Few of the top recruiters of ICNU are KPMG, Nielsen, EY, Amul, TresVista, S&P Global, Federal Bank, Johnson Tiles, IIFL, The Times of India and many more.
The highest package for a Bcom graduate this year was Rs 4.88 lakhs per annum while the average package offered was Rs 3.75 lakhs per annum.
Author CS Karishma Butani, Assistant Professor, ICNU