Benefits of Taking a Bachelor of Commerce

According to a recent report from the Global Financial Monitor, employers are currently facing a shortage of finance and accounting professionals. This means that the job prospects for commerce graduates are quite promising. A Bachelor of Commerce or B.Com degree is designed to provide students with managerial skills in commerce-related disciplines such as marketing, finance, accounting, and advertising, among others. The degree is structured to provide competence in business principles and organizational behavior by focusing on core subjects such as statistics, accounting, law, economics, finance, marketing, and cooperative education.

Benefits of a Commerce Degree

It is a degree that provides students with expert knowledge in different fields of business management and organization. Most universities have a curriculum for this program that addresses rapidly changing environments in innovation, international focus, and market relevance aspects of the business world. The degree acts as a smooth transition from academia to the competitive and highly flexible business world. These are some of the main advantages of this degree program:

• With a BCom degree, you’ll be well prepared for success in both self-employment and corporate employment. You can start your own business and run it professionally without paying for expert services like accountants or market consultants.

• There are high job opportunities for the holders of this title, since each company or business requires a Manager, a trade specialist or, at least, an accountant. There will never be a shortage of job opportunities in this field.

• Knowledge of accounting gives you the ability to understand and analyze financial reports and how they generally affect a business. A good knowledge of cost and management accounting techniques is essential in decision-making processes, as well as in planning and evaluating the performance of a company’s business activities. The knowledge provides a good foundation in auditing and principles of local and international taxation.

• Students who have chosen to study finance on this degree have a thorough understanding of the role of financial management in a commercial enterprise. They can calculate financial ratios and understand how successful companies raise capital, choose lucrative investments, and analyze risk. The program also gives you a good understanding of how the stock markets work and how to build an attractive portfolio of companies.

• Human resource management is another of the options offered by this career. This option prepares students with the necessary skills to identify, analyze and find solutions to problems related to human resources activities. It covers important organizational processes such as recruitment and selection of employees, talent hunting, promotions, employee welfare and the application of the occupational safety process in a company, among others.