Bachelor Of Commerce (B.Com.) Business Economics
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3 Years
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Under Graduate
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Commerce
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Full Time
3 Years
Under Graduate
Commerce
Full Time
A Bachelor of Commerce (B.Com) in Business Economics is an undergraduate degree program that gives students insight into the workings of businesses. It teaches topics like accounting, managerial behavior, and micro and macroeconomics.
The Bachelor of Commerce (B.Com.) in Business Economics course is ideal for people interested in teaching and research. This degree teaches quantitative skills necessary for public sector decision-making. It also develops skills such as judgment and organizational skills, which are essential for research and other kinds of job-related tasks.
The program is structured to produce work-ready graduates with advanced knowledge of finance, accounting, international trade theory, and data analysis. The course emphasizes the multi-disciplinary aspects of business and develops professional skills such as communication, judgment, and cross-cultural teamwork. It is also designed to prepare students for professional certifications, such as CFA.
The Bachelor of Commerce is the flagship program at the University of Canada West. The aim of the course is to equip students with a broad knowledge of modern business practices and strategies. With this knowledge, students will be able to contribute to the global economy. Ultimately, students will be equipped with the skills to solve complex business problems and become valuable members of society.
| Aspect | Details |
|---|---|
| Level | Undergraduate |
| Duration | 3 Years |
| Minimum Academic Requirement | 10+2 |
| Minimum Aggregate Score Requirement | 50% or More |
| Subject Preferences | Commerce Subjects |
| Exam Type | Semester |
| Admission / Selection Process | Entrance / Merit-Based |
| Average Course Fees | ?75,000 Annually |
| Average Initial Salary | ?3,45,000 |
| Areas of Employment | Govt/Pvt Banks, Investment Industry, Pvt Business, etc. |
The admission process for this course follows a twofold approach, combining both merit-based selection and entrance examinations.
1. Aspiring students can gain entry into this program through various common entrance tests such as CA CPT, CUCET, MDU CEE, DUET, and more.
2. Examinations are conducted in a semester-wise manner throughout the duration of the 3-year program.
3. The B.com course fees typically range from INR 20,000 to 1.5 Lakhs per year, varying across different educational institutions.
4. Prospective students should have completed their 10+2 education with a focus on commerce stream, having achieved an average score of at least 50%.
5. Graduates of this program find exciting Bcom career opportunities in sectors such as Banking, Research firms, Financial Organizations, and beyond.
6. Job roles include Financial Analyst, Financial Director, Business Analyst, Investment Banker, and Finance Business advancement positions.
Condition: Completion of 10+2 education with a focus on commerce subjects and a minimum aggregate score requirement, typically 50% or higher.
Entrance Examinations: Common entrance tests such as CA CPT, CUCET, MDU CEE, DUET, etc., are often used to assess academic aptitude.
Merit-Based Selection: Academic performance in previous qualifying examinations serves as a criterion for Bcom Business Economics admission, with exceptional candidates sometimes exempt from entrance exams.
Application Procedure: Candidates must submit a completed application form along with necessary documents within specified deadlines.
Counselling and Admission: Shortlisted candidates attend counselling sessions where they receive guidance on course structure and formalities. Successful candidates are offered admission based on merit and completion of required formalities.
Educational Qualifications: Completion of 10+2 education from a recognized board or institution, with a focus on commerce subjects.
Minimum Aggregate Score: Candidates are typically required to attain a minimum aggregate score, often set at 50% or higher.
Subject Requirements: Proficiency in commerce subjects such as accounting, economics, and business studies is essential.
Entrance Examinations (Optional): Some institutions may require candidates to undergo entrance examinations to assess academic aptitude.
Additional Requirements: Institutions may have specific prerequisites or requirements, such as language proficiency tests or extracurricular achievements.
Application Submission: Candidates apply for admissions to the college or university offering the B.Com in Business Economics .
Entrance Examination: Eligible candidates appear for a university-level entrance exam to assess their academic aptitude.
Merit List Publication: The university releases a merit list of candidates who qualify for the entrance exam.
Further Selection Processes: Candidates may undergo additional selection processes like personal interviews or group discussions.
Final Shortlisting: Based on overall performance, the university shortlists candidates for admission into the B.com College program.
| Semester | Subjects |
|---|---|
| 1st Semester | - Business Organization and Management |
| - Business Environment | |
| - Applied Economics | |
| - Micro Economics | |
| - Indian Contract Act and the Sale Of Goods Act | |
| 2nd Semester | - Business Communication |
| - Partnership Accounting | |
| - Macro Economics | |
| - Indian Economics | |
| - Financial Accounting | |
| - Business Regulatory Framework | |
| 3rd Semester | - Principles of Statistics |
| - Elements of Company Accounts | |
| - Financial Market Function | |
| - Commercial Bank Business | |
| - Theory and Practice of Price | |
| - Indian Company Act | |
| 4th Semester | - Fundamentals of Management |
| - Investment Management | |
| - Banking in India | |
| - Advanced Corporate Accounts | |
| - Advanced Cost Accounts | |
| - Advanced Statistics | |
| 5th Semester | - Accounting for Managers |
| - Income Tax | |
| - Public Finance | |
| - Insurance Business | |
| - Management of Marketing | |
| - Management of Finance | |
| 6th Semester | - Income Tax for Business |
| - Auditing | |
| - International Marketing | |
| - Project Planning and Control | |
| - Human Resource Management |
| Name of the College | Average Fees (INR) |
|---|---|
| Chandigarh University | 1,05,000 |
| Shivaji University | 5,500 |
| DPG Degree College | 40,000 |
| Ishwar Saran Degree College | 1,224 |
| Jain University | 1,20,000 |
| Padmashri Vikhe Patil Arts, Science & Commerce College | NA |
| Kalinga University | 90,250 |
| Rashtrapita Mahatma Gandhi Arts, Science & Commerce College | 1,827 |
| BNN College | 4,695 |
| Government Degree College | 5,195 |
| Karnataka Arts, Science & Commerce College | 7,940 |
| VCB Education Society’s Arts & Commerce College | 2,474 |
Banking Industry: Roles in retail, corporate, or investment banking.
Stock Exchange: Opportunities in stockbroking, securities analysis.
Financial Organizations: Positions in insurance, asset management, financial planning.
BPOs: Roles in market research, business analytics, process optimization.M.Com: Specializations in financial management, international business, taxation.
MBA: Options in finance, marketing, operations, entrepreneurship.
| Basic Skills |
|---|
| Analytical and quantitative abilities |
| Ability to handle business and economic policy issues |
| Understanding of economics, including public-sector discourse |
| Multi-tasking capability |
| Ability to meet deadlines |
| Decision-making and insight |
| Strong critical judgment, logical, and research abilities |
Some of the top recruiters who hire fresh graduates post completing B.Com Business Economics are tabulated below.
| Government Sectors | Private Sectors |
|---|---|
| Indian Economic Services | World Bank |
| Indian Civil Services | IMF |
| National Sample Survey | Accenture |
| Reserve Bank of India | Capgemini |
| Planning Board | Intelenet Global Services |
| Ministry of Economic Affairs | IBM Group |
| Planning Commission | Wipro Technologies |
| National Council for Applied Economic Research | Genpact |
| National Institute of Public Finance and Policy | Dell |
Tabulated below are the top job profiles that are offered to students post completing the course,
| Job Profiles | Job Description | Average Salary (INR) |
|---|---|---|
| Business Analytics Manager | The Business analytics manager, also referred to as the Data analytics and insights manager, leads a team of business analysts. They utilize data and statistics to gain insights into business operations and drive improvements. The manager oversees the implementation of statistical analyses and strategies for business advancement. | 6 - 8 LPA |
| Marketing Analytics Manager | The marketing analytics manager evaluates the effectiveness of marketing campaigns for businesses. They gather, analyze, and interpret data to optimize marketing strategies. There are two types: technical analysts who focus on data usage, and those with strong marketing understanding and networking skills. | 7.5 LPA |
| Foreign Exchange Consultant | Foreign Exchange Consultants, also known as Forex Exchange Consultants, specialize in international trade and investment. They develop international market strategies and provide advice on currency exchange. They facilitate the exchange of funds between different currencies. | 8.5 LPA |
| Health Economist | Health economists contribute to healthcare systems by analyzing resources and aiding in health management. They may work in public healthcare or private sectors. Their training equips them to assess health across various domains and sectors. |
Q. What is Business Economics?
Ans. Business Economics is a branch of economics that applies economic theory and quantitative methods to analyze business decisions and the factors influencing them. It focuses on understanding how businesses operate within the broader economic environment.
Q. What are the career prospects after studying Business Economics?
Ans. Graduates with a degree in Business Economics can pursue careers in various sectors such as finance, consulting, market research, government agencies, and more. They can work as financial analysts, market researchers, economic consultants, and in managerial roles in companies.
Q. What are the core subjects covered in B.Com Business Economics?
Ans. Core subjects typically include microeconomics, macroeconomics, business statistics, managerial economics, financial management, marketing principles, and business law.
Q. How does Business Economics differ from traditional economics?
Ans. Business Economics focuses on applying economic principles to real-world business situations, whereas traditional economics has a broader scope and may include topics like economic policy, international trade, and development economics.
Q. What skills are essential for a career in Business Economics?
Ans. Skills such as critical thinking, analytical reasoning, problem-solving, data analysis, communication, and decision-making are crucial for success in the field of Business Economics.
Q. What is the importance of Business Economics for businesses?
Ans. Business Economics helps businesses make informed decisions regarding pricing, production, marketing strategies, investment opportunities, and resource allocation by analyzing market trends, consumer behavior, and economic indicators.
Q. Can I pursue further studies after completing B.Com in Business Economics?
Ans. Yes, graduates can opt for higher studies such as Master of Business Administration (MBA), Master of Economics (M.Econ), Master of Commerce (M.Com), or specialized courses in areas like finance, marketing, or economics.
Q. What are some emerging trends in Business Economics?
Ans. Emerging trends include the use of big data analytics, artificial intelligence, machine learning, and behavioral economics to gain insights into consumer behavior, market dynamics, and business performance.
Q. How does Business Economics contribute to decision-making in organizations?
Ans. Business Economics provides tools and techniques for analyzing costs, revenues, market demand, competition, and other factors influencing business operations. This analysis helps in making strategic and operational decisions to achieve organizational goals.
Q. What are some recommended resources for studying Business Economics?
Ans. Recommended resources include textbooks by renowned authors, academic journals, online courses, industry reports, and professional associations related to economics and business management.
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