Introduction

Are you confused about choosing Bcom in 2024? Well, you are at the right place! See, the present job market is competitive and requires skills for your recognition. Bcom is among the most pursued degrees for commerce students in India after the 12th. While this degree helps you focus on the academic concepts of accounts and finances, it may fail to inculcate practical skills for your employment. Unlike professional degrees like CA, CS or BBA, where your career constriction is prevalent, bcom provides you with different opportunities to explore! In this blog, you can analyze, whether to get this degree in 2024 or not.

What is a Bcom degree?

A bcom degree or Bachelor of Commerce is a general commerce degree of 3 years with six semesters. It focuses on accounts, finance, costing, taxation, management and sales. The theoretical aspect is essential in this degree. If you are doing Bcom or want to do Bcom, pursuing CS, CFA, CMA, or other professional courses is beneficial. A mere bcom degree may not always be sufficient. Though some lucrative jobs are available, it may mislead you sometimes. Professional degrees after Bcom shield your employment opportunities. You can start with a better salary and position. 

List of 6 reasons to pursue a Bcom degree in 2024

Here is the list of 6 reasons to do a Bcom. Let's see:

• Job Stability

People in employment after Bcom have a positive review and report on the non-volatility of the job market. It removes your concern about layoffs and recession in this industry.

• Agile Skills

A bcom degree equips you with transferrable skills like problem-solving, cognitive thinking, and interpersonal relationships. These skills are evergreen and in-demand to sustain in the corporate realm. 

• Career Advancements

Your path to tertiary career opportunities is unending. You can either pursue professional courses or do a job to get experience. Various companies in India provide internship opportunities to college students. As a Bcom graduate, you may also get internship opportunities by searching on LinkedIn, Naukri or Indeed. 

• Strong Financial Knowledge

A Bcom degree can serve as a solid foundation for pursuing further courses. You get a holistic knowledge of accounts and finances that helps you master your income and expenses.

• Affordable

You can get a Bcom degree without breaking the bank. You will incur INR 10,000-50,000 for the overall duration of the course.

• Work-Life Balance

Bcom is a flexible course. As a working professional, you can complete your studies and assignments without hassle.

List of 6 reasons to not pursue a Bcom degree in 2024

Despite the numerous benefits of this course, Bcom has some limitations which are listed below:

• Narrow Practical Exposure

You may lack practical experience in this course. Employers prefer candidates with practical skills and knowledge. Bcom may not provide combined theoretical and practical aspects of accounts and finances.

• Competitive Job Market

The competition is immense in this market. You need specialized skills and knowledge to stand out. It may demand your time and efforts to excel in the list of employees or face numerous job rejections.

• Lower Wages

Your earning potential might not be viable after completion of this course. You will require additional qualifications to increase your pay in this competitive job market. The job offers may not be lucrative just after completion of this course. 

• Evolving Job Landscape

The introduction of AI has changed the outlook of employers. With the ability to automate repetitious and complex tasks, freshers are at risk of unemployment. 

• Traditional Education

Some areas of accounts or finances require practical exposure, which may not be feasible in this course. Several chapters require practical exposure. A lack of practical exposure may lead to a bare understanding of some aspects of finances.

• Inconsistent Job Offers

You might face inconsistent job offers after this degree. Unlike professional degrees like BBA, CA, CS, CMA or CFA have consistent job offers. Your chances of potential job offers are dynamic and uncertain.

These are the pros and cons of pursuing a Bcom degree in 2024. Every degree has its own merits and demerits. It is subjective whether to pursue this degree or not. You can explore the following alternative courses that you might find better to pursue in 2024.

Top 10 Better Alternatives Of Bcom in 2024

Here is the list of the top 10 alternative courses of bcom in 2024:

• Chartered Accountancy
• Cost and Management Accountant
• Chartered Financial Analyst
• Data Science Certification
• Bank Probationary Officer
• Civil Services Examination 
• Bachelor of Laws 
• BBA
• Taxation
• Business Analyst

List of top five advantages of these courses in 2024

The above courses are a better alternative to Bcom. Here are the top five advantages of these courses:

• Provide specialized expertise
• Foster entrepreneurial spirit
• Offer lucrative job offers
• Bestows global acclamation
• Excellent networking opportunities

That was the end of the blog. We hope you have got an insight into pursuing BCom in 2024. What’s your opinion? Let us know.

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FAQS

• What is Bcom?

A bcom degree or Bachelor of Commerce is a general commerce degree of 3 years with six semesters. Commerce students opt for this degree after their 12th class. It focuses on accounts, finance, costing, taxation, management and sales. 

• Can I do Mcom after Bcom?

Yes, you can pursue Mcom after your Bcom degree. It will consolidate your knowledge of accounts, finances and taxes.

• What are some of the best alternatives to Bcom?

Some of the best alternatives to Bcom are BBA, CA, CS and CMA. 

• Is BBA better than Bcom?

There is no such theory to support this. Bcom is a general degree and BBA is a professional degree. BBA may have some edge over Bcom for its managerial aspects and practical exposure.

• How many years does a Bcom degree take?

Bcom is a general degree program lasting for 3 years. It is divided into six semesters.