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Benefits of bachelor of commerce degree

bachelor-of-commerce

If business world fascinates you, then you must gain sound knowledge about it and this blog post is going to give you exactly the same.  Here by, we will discuss varied aspects of bachelor of commerce. You can pursue this course and you will get exactly what you need : A strong base to build your career wall. A graduate course in commerce will take you to many new doors to success.

The world of commerce has a wide range of aspects. Right from the initial stages, you should focus on things which play an important role in building the success ladder. The courses which you choose for relevant studies, the right institution,etc. is vital to you. While you pursue this course you may have to make multiple assignments. But,don’t worry as you can easily take assignment help online and handle them easily.

Here is all you will get to know in this blog post:

-Meaning of commerce

-What is bachelor of commerce?

-Common topics which are included in bachelor of commerce

-Why you should go for a bachelor of commerce degree?

-Do I really want to go for this course?

Let’s start the blog post with the meaning of commerce

Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consumer. Choose this field if you have a genuine interest in its aspects and have an affinity for the economy, numbers and business!

What is bachelor of commerce?

The bachelor of commerce degree is designed to provide students with a wide range of managerial skills, while building competence in a particular area of business. Most universities, therefore, plan the degree such that in addition to their major, students are exposed to general business principles, taking courses in finance,accounting ,human resources, marketing, economics, and business management; some programs also require calculus , information systems, and statistics. Depending on the institution, a formal academic major may or may not be established. Regardless, a Bachelor of Commerce degree demands students to take the majority of their courses in business-related subjects.

Common topics which are included in bachelor of commerce

bachelor-of-commerce

  1. Accounting

  2. Assurance

  3. Business system analysis

  4. Business economics

  5. Banking

  6. Actuarial Science

  7. Advertising

  8. Computer and Management Information Systems

  9. Decision Analysis

  10. Entrepreneurship

  11. Economics and Econometric

  12. Electronic commerce

  13. Industrial Psychology

  14. Human Resources

  15. Government

  16. Finance and financial markets

  17. Insurance

  18. Law

  19. Labor Relations

  20. Logistics Management

  21. Marketing and Communications

  22. Management Science

  23. Management

  24. Mathematics

  25. Organizational structure and behavior

  26. Operations Management

  27. Public Policies

  28. Financial Risk Management or Risk Management

  29. Statistics

  30. Strategic Management

  31. Transport Economics

  32. Taxation

There may be some additions to this list in your bachelor of commerce course structure. Also, some of the above-mentioned topics may or may not be a part of it. These factors depends on your institutions criteria. If the list seems to hectic to you, calm yourself as these subjects are really useful for your overall growth. If you are genuinely interested in the business world, you will understand things steadily. In case you don’t get things on your own, don’t demotivate yourself. There are a lot of subject-matter experts who can really provide you help. All you need to do is to seek assignment help online and get expert advice.

Why you should go for a bachelor of commerce degree?

What can students actually get out of a degree in business? Graduates with a degree in business have an inside track to the International dream. The world is growing on the ideals of starting your own business and that ideal remains a motivating factor for the global economy today. A business degree in hand gives you a biggest advantage to establish yourself amid the competition. Developing or running a business surely takes natural talent, but gaining knowledge of business aspects, can help you to reach a stronger position.

Additionally, a degree in business is applicable just about anywhere. Since the exchange of goods happens in every corner of the country and every corner of the globe, you can take your business skills just about wherever you want. If you happen to specialise in international business, you can make the whole world your office. Indeed, part of the fun of getting into business is seeing where it will take you! Finally, and most importantly, a degree in business gives international students a set of skills that can lead to a variety of careers in and out of business.

Few more reasons to understand the importance of bachelor of commerce degree

bachelor-of-commerce

Critical Thinking

First, a business degree program will teach you critical thinking and problem solving skills ranging from balancing a budget to weighing marketing mishaps. Your mind will be sharp and quick to deal with tough situations and find the smoothest way out.

Better Data Analysis

Second, you will learn the finer points of data analysis. On the surface, business may just look like exchanging material goods, but any good businessperson knows that underneath it all are numbers. Knowledge of statistics, patterns, and economic formulas help businesses make the most out of their production.

Communication skills

Third, business degree programs teach communication skills. No business can operate with one person alone and no business can succeed if it doesn’t have clients and consumers. Thus, people skills, negotiation skills, and even hospitality skills are essential for the smooth operation of modern business.

In-depth research

Fourth, you will learn how to engage in in-depth research. A successful business takes in all of its surroundings, both physically and economically, in order to maximise its production and its profit. Without knowing what the world needs, how can you help to make it?

Creativity

Fifth, top tier business degree programs will even encourage the development of creativity. What better way for students to succeed in the global marketplace than to create a truly novel product, idea, or model.

Do I really want to go for this course?

This is a question every student must ask to himself/ herself before starting something new. The same thing goes for bachelor of commerce courses as well. If you’re considering a degree in business, you should first consider your intent and goals. The broad range of business skills and topics can lead to just about any career inside or outside the business world. So make the most of a business degree by knowing what you want to do with it.

   If you take a step back and look at human history, it becomes clear that business has been at the center of our societies from their earliest days. Some might even say that the continually dynamic exchange of goods is the cornerstone of our development into massive civilizations and the emergence of our modern world. And business shows no signs of fading away. In fact, business stands at the forefront of innovation and progress. Business is our link to the past and our guide to the future. Are you interested in jumping into the global market? Is a degree in business right for you

Aspirations and interest..

As with any degree, there are several things to consider. Two of the most important considerations for students thinking about seeking a business degree are your interests and your goals. While these two things are important considerations for just about any degree, their importance is heightened when it comes to a degree in business due to its wide applicability. In other words, the business field is so broad that you’ll need some kind of direction to avoid getting lost.

So why are you interested in business? The allure of the marketplace? The fast-paced lifestyle? The chance to travel the globe? And what are your career goals? To start your own business? Or to work your way up to the top? For making life easier for people around you? There are so many options available by entering the various business fields that just about any personal vision can be accommodated. So is a degree in business right for you? Think about your interests and your goals to see if they align with studying business

Career opportunities for bachelor of commerce students

The combination of academic challenge and practical focus makes the prospect of studying a business degree highly appealing for those attracted to the competitive, yet collaborative learning environment offered by many business schools and departments. But, for most people, the answer to the question “why study business?” is best answered by reference to possible careers with a bachelor of commerce degree.

Business graduates go on to work in different sectors, and not all of them are those you would typically associate with business in general. More obvious careers with a business degree include roles in accounting and finance departments, which take in large numbers of business degree graduates. Other sectors with high demand for business graduates include marketing and advertising, as well as retail, sales, human resources and business consultancy. The diversity and plenitude of careers with a business degree underlies the subject’s appeal for many students.

If you’re unsure of how to start developing your career after graduation, you may consider joining one of the many graduate training schemes which many large and international companies run. These often allow graduates to spend time completing traineeships in different parts of the business, and often different regions of the world, before opting for a particular career track to pursue.

You could also use your business degree to pursue roles within SMEs (small- to medium-sized enterprises), innovative new start-ups, charities, non-profit organizations and NGOs. If you have a bright idea and the knowledge to back it up, you may even consider launching your own business.

Depending on your area of interest and the specialization of your business degree, possible careers with a business degree include the following:

Jobs for bachelor of commerce students

bachelor-of-commerce

Accountant

The primary task of these professionals which extends to all the others, is to prepare and examine financial records. They make sure that records are accurate and that taxes are paid properly and on time. Accountants and auditors perform overviews of the financial operations of a business in order to help it run efficiently.

Qualities of an accountant

  • Killer time management skills

  • Attention to detail

  • Focus on the client

  • Creativity

  • Commitment to the sector

  • Extreme trustworthiness

  • Great communication skills

  • Excellent organization

Auditor

An auditor is a professional who prepares and examines financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. They assess financial operations and work to help ensure that organisations run efficiently.

Qualities of an auditor

  • Ability to Make Independent Decisions. An auditor’s decision should not be wavered or influenced by anyone

  • Auditors Have the Ability to Understand Different Business Needs

  • Dependable

  • Effective Communication Skills

  • Have the Required Experience

     

Consultant

The job duties of a consultant can vary depending on the industry in which he or she is working and based on the specific field of expertise. Fixing or improving a particular component of client’s business is the broadest duty for which consultants are hired.

Qualities of a consultant

  • interpersonal and communication skills, both oral and written.

  • creativity and innovation.

  • problem-solving and strategic planning ability.

  • analytical skills.

  • flexibility.

  • the ability to cope with pressure and challenges

  • the ability to work as part of a team

Company Secretary

The company secretary is responsible for the efficient administration of a company particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. Despite the name, the role is not clerical or secretarial.

Qualities of a company secretary

  • Impeccable understanding of business.

  • Good to excellent communication skills.

  • Networking skills.

  • Interpersonal skills.

  • Readiness to work for long hours

  • Good knowledge of interpretation of law

Finance Officer

Finance officers are executives who handle financial issues and decisions in a company. They may oversee accounting departments, review reports, and create budgets.

Qualities of a finance officer

  • Analytical skills

  • Exceptional leadership

  • Adaptable communication

  • Humble confidence

  • Innate problem-solver

Sales analyst

Sales analysts are responsible for the collection and analysis of sales data. They create standardised and customised reports that analyse everything from quantitative data to sales tunnel flows to future needs forecasts

Qualities of a sales analyst

  • Communicating clearly, both in writing and verbally

  • Exceptional communication and interpersonal skills

Tax accountant

Tax accountants are the financial experts who understand all the government rules and regulations that determine the amount of money owed to federal, state or local agencies.

Qualities of a tax accountant

  • business acumen and interest

  • organisational skills and ability to manage deadlines

  • teamworking ability

  • communication and interpersonal skills

  • proficiency in IT

  • ability to reflect on one’s own work

Stock broker

Stock broker or share broker is a regulated professional individual, usually associated with a brokerage firm or broker-dealer, who buys and sells stocks and other securities for both retail and institutional clients through a stock exchange or over the counter in return for a fee or commission.

Qualities of a stock broker

  • The ability to understand and quickly analyse complex information

  • excellent maths, IT and research skills

  • Decision-making ability under pressure

  •  excellent communication

  • negotiation and organisational skills

Business Analyst

A business analyst is someone who analyses an organisation or business domain (real or hypothetical) and documents its business or processes or systems, assessing the business model or its integration with technology. If you want to know more about the job of business analyst, you can click here.

Qualities of a business analyst

  • Being able to interpret direction
  • Strong verbal communication
  • Ability to handle stakeholders meetings
  • Good listener
  • Strong presentation skills
  • Excellent time management

 Economists

They conduct research, collect and analyse data, monitor economic trends, and develop forecasts on a wide variety of issues, including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others. Economists develop methods for obtaining the data they need.

Qualities of an economist

  • Mathematical aptitude
  • Knowledge of social sciences
  • Good at understanding complex systems

Related areas where bachelor of commerce graduates can enter

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

Bachelor of commerce jobs salary expectations

As already mentioned, earnings potential is at the heart of what motivates many business students. While you shouldn’t expect a huge business degree salary as soon as you graduate, the skills and knowledge gained from a business degree should facilitate your career progression, making it easier to climb into management-level positions with higher salaries.

However, a business degree itself does not automatically mean a high salary, though graduating from a highly reputed business school with strong grades is certainly likely to open up some interesting opportunities and perhaps a large business degree salary. You’ll still need to prove yourself, and be ready to work hard, if you want to reach your career and salary goals and be prepared for plenty of competition.

Skills you will learn with bachelor of commerce degree

During your business degree, you’ll develop a broad knowledge of business operations as well as gaining targeted skills in your specific field, such as customers, markets, finance, operations, strategy, business policy, communications and IT. You’ll typically also be challenged to explore these fields within an international context, though in some cases it will be advantageous to specialise in their application within a particular country or world region.

You can also expect to gain many valuable transferable skills, which can be put to use in both everyday life or if you decide to take a completely different career path.

The skills gained from a business degree are likely to include:

bachelor-of-commerce

  • An understanding of how organizations operate

  • Strong communication skills (oral and written)

  • Analytical and critical thinking

  • Problem solving

  • Decision making

  • Logical thinking

  • Presentation and report writing skills

  • Numeracy and an understanding of how to interpret and use financial data

  • Self-motivation, initiative and effective time management

  • Project and resource management

  • A close understanding of economic fluctuations and other external changes affecting business

Conclusion

The business world is always ready for accept newbies like you. But, it is important to enter into it once you are actually ready. Pursuing a degree course in business is exactly what you need and bachelor of commerce is one of the best choices to go for. It comes with a wide range of job opportunities and career options. Plus, it also opens up the way to establish yourself in the the dynamic environment by providing you with a multitude of skills. The salary of bachelor of commerce graduates also remains decent as per the contemporary period. In all, you can really give a serious thought towards this degree program.

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