BCom in Finance: Course Details, Eligibility & Scope

What is B.Com in Finance?

B.Com in finance is a 3-year undergraduate degree pursued by the majority of commerce students after completing class 10 + 2. In finance, subjects like financial management, financial markets, institutions, and Institutions and International finance are taught.

Students interested in the more practical-oriented subjects choose finance as their specialisation to make a career in the field of finance. Finance is one of the most reputed specialisations offered in b.com where you can also get fantastic salary packages after graduating, as compared to other specializations.

Studying Finance will sharpen your analytical skills and thinking abilities, and will also make you comfortable with numbers and financial concepts and theories. 

B.Com in Finance Key Highlights

Why You Should Pursue B.Com in Finance?

1. Finance is a core function of any business, so opportunities are created in every organisation, be it a startup or a well-renowned company.
2. There are multiple subfields in the border field of finance, which a student can choose to pursue, such as investment management and corporate finance.
3. After studying finance, you will be financially literate and will be able to make financial decisions easily without any external help, which will make you an informed citizen and active participant in financial markets 
4. Studying Finance in B.Com is an additional advantage for students wishing to pursue professional courses like CFA, CMA, or CA. A B.Com in finance builds the right foundation for such students. 
5. It is a field where the demand for employees is there globally as well. Many foreign countries recruit Indian talent in the field of finance every year. 

Admission Process

There could be a merit-based admission process or an entrance exam-based admission process. 

1. Under the merit-based admission process, institutes look at the marks obtained in class 10 + 2 by the students in aggregate of the top three or four subjects as per their own eligibility criteria. Students topping the merit list are granted admission by being invited to pay the course fee. 
2. Under the entrance-based admission process, students are required to first appear in the entrance exam. The most popular entrance exam accepted by almost all the institutions in our country nowadays is the Common University Entrance Exam conducted by the National Testing Agency. 
3. A common seat allocation system is adopted at the university level to allocate seats among the students scoring well on entrance exams. Fee payment is the next step in the admission process to confirm admission. 

Fee Structure

The fee range for B.Com in finance would depend on the type of Institutions you choose to pursue your B.Com from, as follows 

1. In the top government colleges like Shri Ram College of Commerce or Hindu College of Delhi University, the fee is on average Rs 20000/- per year. Hence, the total fee for B.Com would be within 1 lakh Rs. 
2. Medium-range private colleges would charge around 40 to 50k a year.
3. Premium private colleges with good brand value can charge you up to 1 lakh to 2 lakhs a year. 

Eligibility Criteria 

1. Any student having completed class 10 + 2 is eligible for B.Com in finance. 
2. The student must have obtained a minimum percentage of marks, generally around 50%. 
3. Although students from any background can pursue a B.Com. However, commerce students are given preference, and, naturally, commerce students perform well in the entrance exams designed for admissions to B.com in finance. 

What Are The Career Options After B.Com in Finance? 

1. Pursue a professional course like CFA, CMA or CA to become a professional in the subfields of finance. These professionals are easily on a starting salary of around 10 lakhs per annum, going up to 20 and 25 lakhs. 
2. Pursue M.com or MBA after completing B.Com and qualify for UGC NET to become an assistant professor, and further pursue phd in finance. 
3. Get a corporate job with a starting salary package of around 5 to 7 lakhs per annum in the financial fields with companies like Amazon, Microsoft, Infosys, Tata, etc. 
4. You can also become a financial analyst or stockbroker working with stock exchanges. 
5. Prepare for examinations like SEBI or RBI to get into their financial branches. 

Check Out Other Specializations of B.Com

• BCom in Investment Management
• BCom in Economics
• BCom in Finance
• BCom in Banking and Insurance
• BCom in Computer Applications
• BCom in Financial Market Course