Until a few years ago, a commerce degree with popular specialisations like accounting, finance, banking, etc, would automatically lead to a job in the banking sector. No longer. Today, a commerce graduate has a plethora of options to choose from.
The traditional BCom course offers two major options — BCom with accountancy and BCom with management. However, students can now specialise in Bachelor in accounting and finance (BAF), Bachelor in banking and insurance (BBI) and Bachelor in financial markets (BFM). These unaided courses offer more career options than the traditionally popular commerce degrees. For instance, an upcoming field that graduates in accounting and finance can explore is actuarial sciences.
According to Pratibha Jain, education counsellor, colleges are also offering advanced diplomas in tourism and travel management, advertising sales and marketing, and taxation along with the BCom degree. These diplomas present a 360 degree view of the chosen industry.
“The three-year Bachelor of Commerce with advanced diploma in Tourism and Travel Management, for instance, provides a comprehensive knowledge of commerce and accounts along with an understanding of the tourism industry, developing communication skills, customer relations and service,” informs Jain.
The programme has both theory and practical subjects. Pedagogy includes tools like lectures, case studies, presentations, discussions, debates and demonstrations. It has a strong institute-industry interface through guest talks, seminars, field visits, etc.
Thanks to these out of the ordinary specialisations and add-on courses, the industry too is keen on hiring commerce graduates.
The trend of campus placements is widely spreading to commerce colleges. Companies prefer to hire fresh graduates as they can be moulded as per the company’s requirements and are also cost-effective. Graduates get jobs in the accounting, auditing, banking and finance sectors. Major companies hire these graduates as analysts with a pay package ranging between Rs 2.5 and 8.5 lakh with an average pay package of Rs 3.5 lakh per annum