Introduction
Commerce is a complicated subject; however, to simplify, it denotes the activity of buying or selling products or services, trading unique things or intellectual property, or physical labour for a profitable sum. The study of B.Com takes an interdisciplinary approach and pays attention to practical skill development. B.Com has various subfields, and students can either do a major in any specialised subfield from any BCom colleges in India or look for internships or work relevant to the undergraduate degree.
Is B.Com Study Still Relevant?
The relevance of B.Com was dwindling away as it was, due to the changing times and changing needs. With technological advancement and automation, many of the commerce-related jobs that were predominantly performed manually started getting quickly replaced by computer software capable of doing the same in less time.
Instead of being the complete package itself, B.Com became just a mere step to achieving higher education, such as CA or an MBA. However, the recent years have seen certain changes in the B.Com curriculum, introducing subjects and specialisations that are aligned with this technological boom, such as fintech, analytics, and more.
Specialisations That Win: B.Com in Analytics /Fintech /Taxation
Well-known B.Com curriculum and higher education routes in the past were mostly limited to CA, Finance, MBA, etc. Today, the BCom colleges in India are more inclined towards topics like data analytics, financial technology, investment banking, e-commerce, taxation, and other evolving subjects in commerce.
This sudden change has ensured B.Com to not completely disappear. Commerce is a very diverse subject that presents diverse career opportunities, and even if B.Com goes out of trend, there will still be some requirements for B.Com grads to fill. Nevertheless, let us focus on Analytics, Fintech, and Taxation as B.Com specialisations and how these courses are rapidly adapting to the current world.
B.Com In Analytics: Course, Career and More
The BCom colleges in India are continuously upgrading their outlook and approach toward educational courses offered to their students, ensuring to keep up with the latest trends in world commerce. Analytics is a part of business and commerce that allows the company to analyse past data, giving rare insights and suggestions to have better business results in future.
Business Analytics is a rapidly growing field, with the promise of a very successful career because of the recent shift toward data and its efficient interpretation. A business analytics degree prepares you to solve problems, think analytically, manage project data, and effectively communicate the findings and suggested changes. Job specifications like market research, financial analyst, data scientist, business analyst, statistician, and consultant are related to B.Com in business analytics.
B.Com In Fintech: Course, Career and More
Finance is a specialisation in commerce that may have never gone out of trend; however, there have been significant changes in the past decades, pushing this industry to evolve dramatically. The BCom colleges in India offering finance courses are all updating their curriculum to make room for financial technologies.
Since the development of fintech platforms, the world of finance has not been the same ever since. There have also been specialised fintech degree courses that include an introduction to blockchain and other technologies are one of the most valuable options for establishing a career in the field of commerce, especially in the financial sector.
B.Com In Taxation: Course, Career and More
Taxation is a subfield of B.Com that comprises finance, accounting, and taxation. When operating a business, taxes are one of the important subjects that simply cannot be ignored. The matters of taxation can be a bit difficult for business operators to understand without any prior knowledge of the topic. Taxation courses in BCom colleges in India offer the most significant opportunity to learn about the subject from experts and professionals.
The course allows you to apply for job roles such as financial analyst, tax consultant, chartered accountant, senior tax manager, financial risk manager, tax specialist, stockbroker, tax compliance manager, and so on. As tax is something everybody needs to be aware of, the value of educational programmes on taxation never loses its demand.
What Skills Can You Expect To Learn In The B.Com Course?
If you study in one of the BCom colleges in India, the staff and faculty will be very dedicated to teaching students about the different topics related to commerce as well as industry-relevant skills that are sure to come in handy during internships and job interviews. It is considered a fundamental course for commerce that equips students with the necessary skills to tackle specific business operations. Here are some of the well-known skill development factors that universities tend to focus on.
- As a student of commerce, you must learn to develop decent accounting skills along with a little knowledge of financial management, which can be improved through practical experience in the workplace.
- Knowing about the business laws and rules for taxation can help you navigate through business problems and provide solutions with analytical skills with data.
- Data is the new currency, and for commercial businesses, collecting and translating a massive amount of data is overwhelming without proper data management and interpretation skills. Knowledge of data management tools must also be mandatory.
- Despite the hard skills, to work in the commerce sector, having good communication skills, the ability to work in a team, and the qualities to be a leader can do wonders for your career.
BCom colleges in India are evolving with time to meet the changing demands of the corporate industry. Colleges have introduced a series of different measures to meet these changing notions in the business, commerce, finance and other related fields.
B.Com Hons courses only mark the beginning of this journey, and there is a long way to go for a student to make their mark in the industry. The knowledge and skills learned in the programme offer diverse career opportunities across sectors, and one can also specialise in popular fields that are currently reviving the fate of this course, especially as many BCom colleges in India are strengthening their curriculum to meet industry needs.
