With the twelfth standard examination behind them, the students are haunted by the persistent question, “Which course should I choose?”. Before making this critical choice, however, it is necessary for one to have complete knowledge about their options and in-depth information of each of those options.
A student should also be aware of the trending courses which will give him/her an edge in the professional world. A popular option for commerce students after 12th is the Bachelor of Commerce.
The course of B.Com is a traditional course founded on the conventional principles of commerce. It deals with various topics of accounting and economic policies.
Similarly, one of the emerging courses in the globalised economy is the Bachelor of Business Administration. This course is ideal for those wishing to hold managerial positions.
Let’s have a detailed look and compare both these courses.
An essential point of difference is that while B.Com is a financial course, BBA is a managerial course. In other words, the former develops the financial skills of the student while the latter deals with a student’s leadership and management skills.
B.Com is a theoretical course which mainly focuses on numbers. The syllabus is an aggregate of foundational courses of commerce like Accounts, Administration, Finance, Economics and Industrial Policy.
The course equips students with the various features of trade and business. It introduces students to competent knowledge of the law, specifically import and export laws.
It also provides knowledge in areas of Basic Principles of Accountancy, Cost Accounting, and Management Accounting. This ultimately provides them with competence in the areas of commerce.
An ideal programme aims to develop a wide range of skills and proficiency in the field of commerce. A good institute familiarizes its students with applications of Mathematical, Statistical and IT skills.
Sir Padampat Singhania University, Udaipur, is a pioneering university in Rajasthan for this course. It imparts conceptual knowledge for recording and analyzing various kinds of business transactions.
BBA, on the other hand, mainly focuses on the development of business skills. It integrates theoretical knowledge with practical experience.
Unlike B.Com, BBA is a comprehensive course which introduces students to the various aspects of effective business management. The course works as a gateway to numerous job opportunities in diverse sectors.
The course is designed for those who wish to dive head first into a professional career because it mainly focuses on developing business skills.
The syllabus combines the concepts of Management, Finance, Human Resources, Information Systems, and Marketing. This amalgam of subjects provides the students with a chance to develop not only their mathematical but also their leadership and management skills.
The degree gives a view of the functional aspects of business and the interconnections of the same.
Not only does it make you capable enough to enter the management field but also helps you make business-related decisions. One of the marvellous facts about BBA is that it consists of both classical as well as contemporary knowledge and skills that are relevant in today’s business sector.
ELIGIBILITY AND ADMISSION
Even though B.Com is a pure commerce course, students hailing from the field of science can also apply for this course. Some institutes like SPSU, Udaipur, also allow arts graduates to apply for this course.
On the other hand, almost all the institutes allow students from all three fields to join the BBA course. The common eligibility criteria for both courses is that the applicant must have passed their 12th standard examination from a recognised board.
Although varied, there are ample career prospects for each of these courses. Since the course mainly deals with financial aspects there are job opportunities in the fields related to finances. The different job designations for a B.Com graduate include Accountant, Tax Consultant, Stock Broker, Banker, Auditor, and other fields related to commerce.
The starting package for a Commerce graduate ranges anywhere between 1.5 lakhs to 3 lakhs per annum. However, it is important to know that a candidate may not get qualitative positions unless they have graduated from a well-established college like SPSU.
The sectors which provide employment to college graduates include Banking, Consultancy Firms, Tax Practitioners, Junior Accountant, etc. They can also choose to work in Public Sector Firms.
On the other hand, BBA graduates have diversified options to choose from. With a BBA degree, a graduate can either choose to pursue a managerial job or even an entrepreneurial venture.
The managerial positions include Marketing Manager, Marketing Executive, Sales Executive, Research and Development Executive and Human Resource Executive. The average pay scale of a BBA graduate can range anywhere between 1.5 lakhs to 3 lakhs per annum.
The prominent recruiters of BBA graduates include ICICI, Microsoft and IBM. All these offer various competitive positions to the graduates.
Many students wish to pursue post-graduate courses after the completion of their degree. There are many courses which students can choose from.
- After B.Com the students can pursue these postgraduate courses:
This course is not for the faint-hearted. It requires extreme dedication and perseverance. In India, the Indian Chartered Accountants Institute conducts the exam for chartered accountants.
They essentially work as a private advisor in the accounts department. They can work in Auditing, Tax Management, Management Accounting, etc. The average salary of a CA in India is somewhere around 7 lakhs.
Master of Commerce:
This course is ideal for a career in banking and financial services. This course delves deeper into the subjects of commerce and deals with the functioning of the economy. Similar to B.Com, this course largely deals with numbers.
The various job titles after M.Com are Analyst, Company Secretary, Accounts Executive, etc. The prominent recruiters of post-graduates include State Bank of India, ICICI, Ernest & Young, etc.
- The pathways for BBA graduates include the following:
Masters in Business Management:
This degree is one of the most sought after especially among students who are studying or wish to study commerce. A BBA degree is perfect for an MBA aspirant because the latter course is easier to handle due to the firm foundations of the former course.
Since the MBA is a detailed version of BBA, it is a good option to complete your graduation in BBA. Some of the famous jobs for an MBA graduate are Human Resource Manager, Finance Manager, Sales Manager, International Business Manager, etc.
The beginning salary of an MBA graduate in India is 3 lakhs. The prominent employers are McKinsey, ICICI Bank, Wipro, TCS, etc.
Post Graduate Diploma in Management (PGDM)
This course introduces students to various skills which are necessary for holding managerial positions in various firms. The course deals with the intricacies that are necessary for overcoming the various problems that arise within a company.
The course equips students with not only managerial but executive skills also. The average salary of a person with a PGDM degree begins at 1.9 lakhs. The job positions for a student include Administrative Officer, Business Consultant, Public Relations Officer, etc.
Ultimately, both the courses of B.Com as well BBA have different and numerous opportunities. For students who have an innate love for numbers, B.Com is a good option. While those who have a knack for management, BBA is the suitable choice.