Monday, 2 August 2021

Distance B Com Education in Chandigarh

Distance B Com Education in Chandigarh: Bachelor of Commerce (B Com) distance education in Chandigarh is an undergraduate course that essentially deals with subjects such as economics, management, finance, accountancy, marketing, banking, and other such related fields.

A B Com student is given a crash course on the various aspects of a business and is imparted the necessary skills required to lead a successful business venture. Right from being taught effective managerial skills to be given a solid foundation in various financial principles, B Com is the ideal program for aspiring entrepreneurs and students who wish to make a career in the vast financial spectrum.

It’s a widely known fact that B Com is one of the most popular undergraduate courses offered and the same trend applies in the Distance Learning arena in Chandigarh. So what if you don’t have the time to attend regular classes as part of the regular B Com course? You can get a B Com degree by simultaneously juggling various commitments through effective Correspondence/Distance Education Programs in Chandigarh.

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There are various distance learning institutes and open universities that offer a comprehensive B Com course that comes along with a wide range of specializations.

You might be thinking to compare the difference between regular and distance B Com courses? Well, the good news is that there was a lot. The structure, subject, and eligibility criteria of the course are quite similar. The only thing that is different is the duration, examination process, and degree certificate.

Exams are conducted at designated exam centers as allotted by the institutes while the certificate will be awarded from an open university. It should be noted that it carries the same weightage as a regular B Com course.

What is B Com?

The B Com or Bachelor of Commerce is a three-year undergraduate course that is offered regularly as well as in distance learning mode. B Com is the second most popular undergraduate course in commerce branch. Under B Com, there are three most popular courses, such as B Com or B Com-General, B Com (Hons), and B Com LLB. B Com or B Com-General is also called B Com-Pass by many universities.

In the B Com course, candidates are taught core subjects related to commerce and finance. Over a period of three years, candidates are given the option to choose from some elective subjects as well. The program is typically spread over six semesters, during which the student is taught subjects such as financial accounting, corporate tax, economics, company law, auditing, business management, and more.

For students who want to pursue a career in commerce, accounting, finance, banking and insurance, B Com is the best option. B Com is also ideal for those who want to do Chartered Accountancy, Cost Accounting and Company Secretarieship.

After completing B Com, students can also pursue careers in management, teaching, advertising, law, journalism, mass communication, law, design, etc. The average starting salary of a B Com graduate is Rs 3 lakh and above.

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B Com Eligibility Criteria

Unlike technical and vocational courses, B Com is offered by almost all the universities and colleges in India in regular as well as distance education mode. Eligibility criteria for the B Com course:

  • The applicant must have studied Commerce in class 11 and 12 with Accountancy, Business Studies, Economics, Maths/optional subject and English as main subjects
  • To apply, the candidate must meet the minimum cut-off criteria for admission to the college.
  • The minimum cut off marks criteria may vary in each college/university as it is subject to the college/university’s own admission criteria for that year.

Factors affecting minimum cut off marks for B (com) admission are the total percentage of candidates entering commerce, the highest score in commerce, average marks in commerce, minimum cut off marks of the previous year, etc.

Streams for B Com Distance Education

There are many streams/specializations in B Com Distance Education in Chandigarh that a student can pursue. The duration for all the streams is 3 years unless it’s an Honors program. Given below are the most popular streams:

  • Accounting and Finance
  • Marketing Management
  • Secretarial Practice
  • Computer Applications
  • Corporate Affairs and Management
  • Financial and Cost Accounting
  • Foreign Trade
  • Business Studies
  • Finance and Investment
  • International Business
  • Managerial Economics
  • Supply Chain Management
  • Export and Import Management
  • Bank Management
  • Taxation
  • Corporate Secretaryship

It should be noted that not every university and institute offers the aforementioned streams and the offerings differ depending on the institute.

Subjects and Curriculum

As the name of the course itself suggests, B Com focuses on commerce and is a very business-centric course. It gives the students a solid foundation in different areas such as Business Management, Finance, Accounting, and Computer Applications.

The program usually includes 1 or more compulsory subjects (mostly languages) and 4 or more electives which differ from institute to institute. While the subjects change according to the specialization, there are a set of core subjects that are offered by all institutes. These include:

  • Business Economics
  • Language
  • Business Organization and Management
  • Business Statistics
  • Financial Management Fundamentals
  • Principles of Accountancy
  • Banking Theory and Practice
  • Business Laws
  • Advanced Accountancy
  • Income Tax/Taxation
  • Auditing
  • E-Business
  • Management and Cost Accounting
  • Science and Technology
  • Business Environment

The course is structured in such a way that the specialization subjects are featured in the third year of the course. Additionally, some institutes also offer the basic foundation or elective courses in Computers, Sociology, Humanities, Environmental Studies, Teaching, etc.

Now that you have an overview of what a Distance B Com program in Chandigarh looks like, the next step is to familiarize yourself with the entire process of distance education and how it would pertain to B Com. Don’t even break a sweat, it’s quite efficient. Let me walk you through it. (The focus would be on Distance Education Programs in Chandigarh)

Course Material and Online Learning for Distance Bachelor of Commerce Program

The biggest advantage of pursuing a Distance Education Program from Chandigarh is that everything you need would land up at your doorstep. You can get everything you need, and I mean literally everything, without even taking more than ten steps!

Most Open Universities and Institutes send the course materials which include notes and other study material through a post. All you need to do is pay the necessary fees for the materials and provide your address and you will get it delivered to you. However, a handful of institutions will have different ways of handing out the required study material. One way would be to collect it from a center provided by the university. The other way would be to buy it yourself from the list given by the university. It is always good to check with the institute or university concerning the approach. The list of textbooks that need to be referred will also be provided by the university.

The lectures can be streamed online, which could be attended live or watched in recorded formats later on. You can also get your doubts cleared via links provided by the Institute on their website.

I know what you’re thinking; any study is incomplete without proper examination and assessment. What about that? I’m glad you asked…

Examinations for Distance Bachelor of Commerce Program

As it was mentioned above, the university will allot examination centers based on your location and availability. All you have to do is to have completed the minimum requirement which is to have finished a certain amount of course time before being eligible to take the B Com Distance Education Program exams. The schedule of the exam differs depending on the university or institute.

The candidate would be required to pay the necessary exam fees if required and of course, prepare for it! The candidate is given the liberty to choose the subjects of examination and will go on to the next year regardless of the outcome of the exams. You would have to clear your exams eventually though, To get a degree certificate at the end of the program, the student would have to accumulate a certain number of credits as prescribed by the university which will be calculated based on lectures, exams, and assignments.

Career Prospects

The career opportunities for Distance B Com. graduates in professional existence mainly in financial firms and in the banking sector. These professionals can work in the accounting section of various industrial houses, MNCs, and governmental firms. They can also get into various job positions available in various organizations under the Department of Commerce, Government of India.

With the tremendous hike in the plenty of job opportunities in education, government, business, management, MNCs, retail sectors, banking, NGOs, consultancy, finance, FMCG, IT, advertising and media, distance B Com. is a necessity, and distance B Com. a professional provides a deeper understanding of economic issues which is very useful in a managerial position in industries as well as banks. Distance B Com professionals can also get jobs in national & multinational companies and even govt. jobs. As such job prospects for graduates of Distance B Com. professionals offer better options.

Employment Areas:

  • Investment Banking
  • Marketing
  • Merchant Banking
  • Public Accounting Firms
  • Working Capital Management
  • Banks
  • Budget Planning
  • Business Consultancies
  • Educational Institutes
  • Foreign Trade
  • Industrial Houses
  • Inventory Control

Job Types for Distance B Com:

  • Auditor
  • Budget Analyst
  • Business Consultant
  • Certified Public Accountant
  • Chartered Management Accountant
  • Chief Financial Officer
  • Cost Estimator
  • Finance Manager
  • Financial Analyst
  • Stock Broker

Recruiting Companies:

  • Hongkong and Shanghai Banking Corporation (HSBC)
  • Wipro
  • Hindustan Computers Limited (HCL)
  • Genpact
  • Accenture
  • Capgemini
  • HDFC Bank Pvt Ltd
  • Axis Bank
  • Cognizant
  • Tata Consultancy Services (TCS)

Scope and Job Opportunities

Here’s why pursuing B Com in distance education gives you an edge over a regular course. ‘Flexibility of time’ supersedes all other advantages that come along with this mode of education. Alongside regular degree courses, you also get to pursue the most sought-after professional courses like CA (Chartered Accountancy), CS (Company Secretary), CWA (Cost & Work Accounting). According to a survey, in B. com stream alone approximately 9.5 lakhs students graduate in India every year. A career-enhancing graduate, professional certificate like CA stands out in this huge crowd.

Regular B Com courses and distance-education programs are alike when it comes to career or higher-education opportunities. With the skill sets in areas like finance and management that constitute the backbone of all sorts of business, B Com graduates are the most sought-after potential-employees by the world’s top banks and Multinational Corporate companies.

M.Com and MBA / Distance MBA are the most common PG courses after B Com. Although both courses are related to commerce, M.Com focuses on primary financial subjects while management is the central concept of most subjects of MBA. While B Com graduates earn around 3 to 7 lakhs per year, professionals like CA, CS, and MBA / M.Com graduates earn almost double that, perhaps even more.

Here’s a list of top 10 job roles for B. Com graduates

  • Financial management and Analysis
  • Accounting
  • Auditing
  • Tax Advisory Services
  • Stockbroker
  • Commercial Banking
  • International Banking
  • Insurance Services
  • Telecommunication Services and BPO’s
  • Government Service
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