Many believe that commerce is a little bland, with the same old accounting, auditing, etc., but it is not. B.Com is as exciting and challenging as other fields, even more so with B.Com (Foreign Plus). B.Com is one of the finest courses for students who want to pursue a corporate career and work in the business field.
Commerce students form the backbone of business accounting, cost accounting, financial analysis, financial management, business management, etc. The B.Com course provides students with the knowledge, training, and skills needed to handle business operations. However, if students get some extra training for diversifying their career choices, good communication skills training, industry-relevant certifications, etc., it can help them find good lucrative job opportunities. All these needs are taken care of by the B.Com (Plain) course of RIMS, i.e., Radiant Institute of Management sciences. RIMS management institute in Indore, being one of the best B.Com colleges in Indore, offers B.Com (plain) courses to students with many unique features.
B.Com (Foreign plus) is a notable innovation of RIMS. In this course, besides getting knowledge of the regular commerce and economics domain, students also get one complimentary foreign tour. The course aims to open up many opportunities for students like government services, NGO services, corporate services, entrepreneurship, etc. The foreign tour helps students get the best experience of the latest developments in commerce abroad.
B.Com (Plain) vs B.Com (Foreign plus)- an overview
Below is a general overview of the two courses-
|Factors||B.Com (Plain)||B.Com (Foreign plus)|
|Course Full-form||Bachelors of Commerce (plain)||Bachelors of Commerce (Foreign plus)|
|Course Duration||3 years||3 years|
|Course fee||Rs. 1,29,000 for 3 years||Rs. 1,49,000 for 3 years|
English Spoken & communication skills developmentPreliminary preparation for IAS/ CivilSeminars on key topics and current affairs by eminent speakersNGO visits & training for NGO working.CERTIFICATIONS- Tally, Financial Securities, Banking & AnalysisWell Furnished Class Infrastructure.
Spoken English & communication skills developmentPreliminary preparation for IAS/ Civil Services ExaminationsSeminars on key topics and current affairs by eminent speakersNGO visits & training for NGO working.One foreign tour (in any of the 3 years)CERTIFICATIONS- Tally, Financial Securities, Banking & AnalysisWell Furnished Class Infrastructure.
|Certifications||Tally, Financial securities, Banking and analysis.||Tally, Financial securities, Banking and analysis.|
|Job opportunities||Accountant, HR, Business manager, PR manager, Finance manager, CA,||Accountant, HR, Business manager, PR manager, Finance manager, CA, Supply chain manager,|
The curriculum for B.Com (Plain) and B.Com (Foreign plus) is nearly identical. The best thing about B.Com (Foreign plus) is the wonderful opportunity that students get to explore developments abroad. RIMS, being one of the best MBA colleges in Indore, also provides a wide range of electives for students. The semester-wise break of subjects is-
|Semester 1||Semester 2|
|Environment and Public Health||Maths|
|Maths/ Computer||General Awareness 1 & 2|
|Computer Applications and IT||–|
|Semester 3||Semester 4|
|Income Tax Laws||Corporate accounting-II|
|Banking and Insurance||Elements of company Law-II|
|Financial Markets and Institutions||The Indian banking system and central banking|
|Indian Economy||Corporate accounting-II|
|Corporate Accounting-I||Elements of company Law-II|
|Business Communication||Managerial communication|
|–||The Indian banking system and central banking|
|–||Marketing Management Subjects|
|Semester 5||Semester 6|
|Cost accounting||Advance accounting paper 2|
|Entrepreneurship||B.Com Indirect Taxes paper 2|
|Marketing Management 1||Marketing Management 2|
|Banking & Financial systems||Contemporary Indian economics Issue and policies|
|Income Tax||Mercantile Law-II|
|Decision Analysis||Business analytics|
|Information Management||Labour Relations|
|Politics and Public Policy||Communication|
What’s better B.Com (Plain) or B.Com (Foreign Plus)?
In both, the courses students will get the best of the knowledge, training and skill development. After pursuing these courses students can easily find job opportunities in businesses and corporates.
However, students who want to be entrepreneurial and start business ventures can get great help from B.Com (Foreign plus) course. The foreign tour offered by the B.Com (Foreign plus) course can help entrepreneurs get inspiration from business developments abroad. It’s up to the students what additional features they want to fulfil their career goals.
What are the career opportunities after the courses?
Some of the best career opportunities after completing your degree in B.Com (Plain) or B.Com (Foreign plus) are-
- Private firms
After completing their course, students can look for job opportunities in private enterprises. Students can look for positions like accounts manager, finance consultant, equity trading/ stockbroker, tax consultant, etc.
Moreover, professional certifications like CA or CS can improve their salary prospects. After gaining sufficient experience, students can also go for an MBA to join top-level management.
- Chartered Accountant (CA)
CA or Chartered Accountancy is one of the most sought professional certifications by commerce students. After clearing the CA exam, students can tender financial advice, audit and maintain accounts, provide tax consultancy services, file tax returns, etc.
- Company Secretary (CS)
CS is another good professional certification after CA. CS, i.e. Company Secretaries specialise in corporate law, securities law, capital market, corporate governance, compliance management, business advisory, etc. CS function as Law experts, compliance officers, strategic planners, and advisors in the corporate world.
- Certified Financial Planners (CFP)
CFP or Certified Financial Planners is supervised and provided by the Financial Planning Standards Board India (FPSB). As CFP Certified professionals, students can provide consultancy services to their clients on- financial planning, taxation, insurance, estate planning, retirement plans, etc.
MBA is one of the finest options for students to pursue after getting their B.Com degree. It would be best that students should pursue MBA after getting some certifications like CA or CS to get lucrative placement offers. Some of the best specialisations for B.Com students to start a corporate career are- financial accounting, marketing, foreign trade, business analytics, etc.
- Government Jobs
There are abundant opportunities for B.Com students to get into government services. Every year, the central government, various state governments, PSUs, Banks and other government institutions release recruitment vacancies requiring graduation in commerce.
B.Com (Foreign plus) and B.Com (Plain) both programmes provide students with the best preliminary coaching to crack the UPSC civil services and start a promising bureaucratic career.
Both B.Com (Plain) and B.Com (Foreign plus) are the best opportunities for students, both provide students with all the required education, training, certifications and experience to build up a lucrative career.