The BCom (Bachelor of Commerce) degree is one of the most popular choices after 12th for those wanting to make a career in commerce and management streams. This degree opens up a wide range of career opportunities in accounting, banking, financial services, corporate law, taxation, auditing, and other related domains.
In this blog, we will look at the top 5 most sought-after specializations in BCom offered at Takshashila University and understand what each one is about, the subjects you will study, and the bright career prospects they offer. This will help you make an informed choice about which BCom specialization is best suited for your interests and career aspirations.
Know About BCom Course in General
1. Description
BCom or Bachelor of Commerce is an undergraduate degree program that equips you with knowledge in the fields of accounting, finance, taxation, marketing, human resources, etc. It builds a strong foundation for pursuing careers in the commerce domain.
2. Duration
The total duration of the BCom program is 3 academic years, divided into 6 semesters. Each semester is about 5-6 months long.
3. Eligibility Criteria
To apply for the BCom program after the 12th, you must have a minimum aggregate score of 50% marks (45% for reserved categories) in your 10+2 exams. Subjects required in 12th depend on the chosen BCom specialization. Commerce stream is usually preferred, but it is not compulsory.
4. Admissions
The BCom admission process involves merit-based selection based on the candidate’s scores in the final year of the qualifying exam. Some colleges additionally conduct their own entrance test followed by personal interviews before giving out admission offers.
6. Course Structure
The BCom course comprises:
- Core commerce subjects like Financial Accounting, Business Economics, Business Mathematics, Business Law, Marketing Management, Business Statistics, etc.
- Specialization electives focusing on the chosen stream
- Generic elective papers in languages, environmental studies, ethics, etc.
A. 1st-year
Semester 1:
- Financial Accounting
- Business Economics
- Business Mathematics
- Business Communication
- Environmental Studies
- Language Elective
Semester 2:
- Corporate Accounting
- Indian Economy
- Business Statistics
- Principles of Management
- Computer Applications in Business
- Language Elective
B. 2nd-year
Semester 3:
- Cost Accounting
- Indian Business Laws
- Fundamentals of Entrepreneurship
- Marketing Management
- Income Tax Law
- Skill Enhancement Course
Semester 4:
- Management Accounting
- Corporate Laws
- Human Resource Management
- Financial Management
- E-Commerce Applications
- Skill Enhancement Course
C. 3rd-year
Semester 5:
- Specialization Elective 1
- Specialization Elective 2
- Specialization Elective 3
- Generic Elective 1
- Generic Elective 2
- Project Work
Semester 6:
- Specialization Elective 4
- Specialization Elective 5
- Specialization Elective 6
- Generic Elective 3
- Generic Elective 4
- Project Work
In the 3rd year, students take up subjects related to their chosen BCom specialization stream. BCom specialization is pursued in the last year, but you need to decide on your preferred stream at the time of admission for proper curriculum planning.
7. BCom Specializations
Here are some of the popular BCom specializations you need to know.
- Accounting & Finance
- Corporate Secretaryship
- Computer Applications
- Cost & Management Accounting
- Professional Accounting
- Marketing
- Banking & Insurance
- Business Analytics
- Taxation
- Business Management
8. Diverse Well-paying Careers & Salary Insights (Indian Rupees)
After completing BCom program, graduates can explore these lucrative career paths:
- Accounting: Tax Consultant, Auditor, Accountant
- Banking: Bank Executive, Wealth Manager
- Financial Services: Equity Research Analyst, Fund Manager
- Corporate Law: Company Secretary, Legal Consultant
- Marketing: Business Development Executive, Marketing Analyst
- Human Resources: HR Executive, Talent Acquisition Specialist
*Some professions require additional degrees.
The starting monthly salary package ranges between ₹3-6 lakhs per annum. With relevant certifications and work experience, it can go up to ₹15-20 lakhs for managerial roles across sectors like banking, consultancy, financial services, manufacturing, IT and ITeS, FMCG, e-commerce, and more. The opportunities for growth and learning are immense.
Entrepreneurship also remains a lucrative career option after gaining some industry experience.
9. Higher Studies Scope
After BCom After completing their BCom degree, students can opt for these further studies options:
- Master of Commerce (MCom) in various specializations like Finance, Marketing, HR, etc.
- Master of Business Administration (MBA) in streams like Finance, Marketing, HR, IT, Operations, etc.
- Chartered Accountancy (CA)
- Company Secretary (CS)
- Certified Financial Analyst (CFA)
- Certified Public Accountant (CPA)
These higher qualifications open up senior leadership roles in commerce and management domains across various industries in India and globally.
Top 5 Specializations in BCom at Takshashila University
Now, let’s look at the top 5 BCom Honours specializations offered at Takshashila University and understand each stream in detail.
5. B.Com (Corporate Secretaryship)
About the Program
This specialized BCom program prepares graduates to take on the vital role of Company Secretary.
The CS professional serves as an important link between the company’s management, board of directors, shareholders, government and regulatory authorities.
The B.Com Corporate Secretaryship program equips students with expertise in areas like company law, tax laws, corporate governance, corporate restructuring, secretarial audits, due diligence, and compliance.
Key Subjects Covered
- Company Law
- Corporate Governance
- Taxation Laws
- Corporate Restructuring
- Secretarial Practice
- Security Analysis
- Industrial Laws
- Mergers and Acquisitions
Career Prospects and Growth
After completing this BCom program, graduates can explore these career roles:
- Company Secretary in private companies across diverse sectors
- Corporate Legal Advisor
- Compliance Officer in banks, financial services companies
- Consultant/Auditor in Practicing CS firms
The average starting salary offered is ₹4-6 lakhs per annum. With 5-10 years of experience, corporate secretaryship professionals can earn ₹15-25 lakhs annually in managerial positions. Senior CS professionals also have the option to start independent practice.
4. B.Com (Accounting and Finance)
About the Program
This BCom specialization provides advanced knowledge in core finance and accounting areas like financial reporting, management accounting, corporate finance, investment analysis, financial markets, auditing, banking, and taxation.
Key Subjects Covered
- Financial Accounting
- Management Accounting
- Corporate Finance
- Investment Analysis
- Financial Markets
- Taxation Laws
- Audit and Assurance
- Financial Modelling
- Security Analysis
- Working Capital Management
Career Prospects and Growth
Graduates of this program can build rewarding careers in domains like:
- Accounting – Chartered Accountant, Forensic Accountant, Public Accountant
- Banking – Bank Executive, Wealth Manager
- Financial Services – Financial Analyst, Equity Research Analyst, Fund Manager
- Insurance – Actuary, Claims Manager
Starting salary offered is ₹4-6 lakhs per annum on average. In managerial and leadership roles, senior finance professionals can potentially earn ₹40-50 lakhs yearly in India and globally.
3. B.Com (Computer Application)
About the Program
This industry-relevant BCom program equips students to leverage IT systems, data science and digital solutions for managing key business functions and processes efficiently.
Along with core commerce subjects, advanced skills in information technology and its real-world business applications are covered as part of this specialized curriculum.
Key Subjects Covered
- Programming Languages – C, Java, Python
- Database Management Systems
- Web Design and E-Commerce Applications
- Advanced Excel, Power BI and Tableau
- Tally ERP with GST
- SAP FICO Configuration
- Business Analytics and Visualization
- Accounting Information Systems
- Artificial Intelligence in Business Decisions
Career Prospects and Growth
As a graduate of this program, you can drive business growth by harnessing the power of technology across roles like:
- Business Analyst
- Data Analyst
- Functional Consultant
- Business Development Executive
- Product Manager
- Software Developer
- IT Analyst
Starting salaries offered are upwards of ₹4 lakhs per annum, going up to ₹20-30 lakhs annually for managerial IT leadership positions. Abundant opportunities also exist in global technology consulting firms.
2. B.Com (Cost and Management Accounting)
About the Program
This BCom specialization equips students to apply cost and management accounting tools for efficient business performance tracking, data-based decision making and strategic controlling across various sectors.
Key Subjects Covered
- Cost Accounting
- Management Accounting
- Advanced Financial Accounting
- Corporate Taxation
- Enterprise Resource Planning
- Budgeting and Budgetary Control
- Activity Based Costing
- Balanced Scorecard
- Decision Modelling
Career Prospects and Growth
As cost and management accounting professionals, graduates can drive business growth across manufacturing, construction, oil and gas, mining, transport, healthcare and other key sectors.
Potential career trajectories include:
- Cost Accountant
- Management Accountant
- Budgeting Head
- Business Analyst
- SAP Consultant
- Cost Auditor
Starting salaries offered are ₹4-6 lakhs on average. Senior finance leadership roles in costing and budgeting can potentially pay upwards of ₹25-30 lakhs per annum.
1. B.Com (Professional Accounting)
About the Program
This specialised accounting program helps students master conceptual knowledge and practical skills required to become world-class finance and accounting professionals. The rigorous curriculum meets global standards.
Key Subjects Covered
- Advanced Financial Accounting
- Management Accounting
- Corporate and Business Laws
- Direct and Indirect Taxation
- Auditing Standards
- Financial Risk Modelling
- Valuation of Securities
- Forensic Accounting
- International Finance
Career Prospects and Growth
Graduates can build rewarding careers across:
- Public and Private Accounting Firms
- Banks and Financial Institutions
- Corporate Houses
- Regulatory Bodies
Job roles on offer
- Chartered Accountant
- Certified Public Accountant
- Certified Management Accountant
- Accounting Head
- Internal Auditor
- Financial Controller
Starting salary offered is upwards of ₹5 lakhs per annum on average. After pursuing globally recognised certifications like ACCA, CPA or CFA and gaining work experience, senior accounting professionals can potentially earn ₹50 lakhs+ per annum.
Which one to Choose?
Now that you understand the core focus of each of the top 5 BCom specialisations offered at Takshashila University, you need to reflect on your own interests, career goals and strengths to decide the most suitable one for you.
- While programs like Corporate Secretaryship delve deeper into company legal and compliance aspects, specialisations like Accounting & Finance, Cost & Management and Professional Accounting focus more on finance, auditing and accounting knowledge.
- The BCom Computer Applications program, on the other hand, builds an interface between information technology and business management functions.
All specialisations in BCom open up abundant and lucrative career opportunities in commerce and management domains across industries. So, choose wisely based on your passion and natural strengths!
Conclusion
The BCom degree from Takshashila University provides a strong foundation for your commerce career through its range of specialised Honours programs. Choosing the right specialisation based on your strengths and goals is important.
While all streams offer abundant opportunities, carefully evaluating each one will help you unlock your true potential. With the right specialisation and further certifications, you can look forward to a successful career in your dream role.
