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Academics
School of Commerce and Management
School of Commerce and Management

Overview

A bachelor's degree in commerce is a fundamental graduating qualification, and opens up opportunities in higher education for graduates to pursue Master's-level courses such as M. Com and MBA. The B. Com graduate also has opportunities to apply for professional courses in commerce and accountancy such as CA, CS, ICWA, CIMA, CFA and CMA. Course aims at building competence in particular areas of business studies while providing the students with a wide range of managerial skills. The program imparts strong subject-matter expertise by focusing on the learning that includes the knowledge of basic theories, principles, methods and procedures of commerce and accounting

The three-year, full-time program equips students with a solid grounding in areas such as Accounting and Business Statistics, as well as leadership skills and a global mindset. Our Bachelor of Commerce combines theory and practice to teach you how businesses operate. Alongside technical development, you will gain the critical thinking and problem-solving skills to apply your knowledge effectively in the business world.

Our Commerce program aims to prepare students for Accountancy, Banking, and Entrepreneurship as a career. Five semesters of classroom learning and one semester of rigorous training build a strong foundation of our B.Com students. The program is designed and guided by competent accounting professionals to groom our students in order to fill the supply-demand gap in the field of commerce and accounting. The course also aims to prepare students towards entrepreneurship and competing for admissions into the Masters’ programs.

The academic framework of the program includes several live industry projects, industry internship, e-commerce, Immersion Program and hands-on experience in the world of commerce.

Opportunities in Banking

The demand for taking up a career in banking, among young aspirants is rising than ever before!

For a developing country like India, banks are considered as the backbone of the country's economy. The global turmoil in the financial segment that occurred a few years ago had the least effect on our country's banking sector because of our sound banking and financial system. The banking sector in India is growing at a rapid rate and is among one of the fastest growing industry vertical. The rapid advancements and growth in the banking sector has paved way for many banking career opportunities. The banking sector in India is gearing itself and there are much more private banks to come in the near future. All of these bring in huge career opportunities for those who aspire to become future bankers.

Bank jobs are backed up by a huge wealth of diversity and almost every vacancy created in a bank incorporates some sort of banking element such as law, accounting, investment banking, taxes, public relations, customer relationship management etc. Moreover a career in banking is international in nature and a number of international and private banks set up in the country have opened up opportunities for the deserving candidates.

For beginners, the banking sector provides an excellent opportunity to develop an understanding of the global economy. It paves the way for identifying various challenges in the marketplace and provides tremendous opportunities globally.

Types of Banks in India

The banks in India can be categorized as following.

Commercial Banks: The major role of the commercial banks is to enable businesses and entrepreneurs with the financial services. Commercial banks are further categorized into the following.

  • Private Sector Banks
  • Public Sector Banks
  • Regional Banks

Co-operative Banks: Co-operative banks mostly benefit the rural people like farmers, small scale industries etc. These are controlled and managed by the co-operative societies. These can be further categorized into

  • State co-operative Banks
  • Central co-operative Banks
  • Primary Agriculture Credit societies

Investment Banks and specialized banks: These provide financial assistance to its customers and provide necessary support like foreign exchange, sales of equities, foreign trading etc. to its customers.

Most of these banks offer better packages today and give a performance and experience based promotion. In case of public sector banks, professionals like engineers, doctors, MBAs and lawyers are appointed based on the results in All India Recruitment Exam. It is estimated that public sector banks are to employ more than 7 lakh people in the near future.

Opportunities in Accountancy and Taxation

The field of accounting is always remain in demand as it is the backbone of every business entity. Accountant is needed in every industry. It is one of the respected profession in the world.

The practitioners and professionals of accounting are known as Accountants. The certified professionals in these fields are known as Chartered Accountants. There are different types of accounting that includes financial accounting, management accounting, auditing and tax accounting. Qualified accountants in numerous countries are titled as certified public accountant (CPA).

Accounting job can vary from entry level to executive level. Accountant plays the very important role in any business. It is a very crucial part of an organization, for managing payroll, auditing and financial management. Due to the individual demand of different companies, the demand of accountants is increasing. Eligible candidates can find jobs in public, private or non-profit industries and companies. You can opt for various career profiles such as clerk, payroll clerks and accounts clerk.

Minimum education of bachelor’s degree in accounting is required to start career as accountant. Starting a career in accounting, first step exist is to pursue an undergraduate degree in accounting. One can pursue diploma courses, bachelor’s level, master’s level and doctorate level education in accounting.

Skills Required for Accountant
  • Communication Skill
  • Analytic & Interpersonal skills
  • Knowledge of accountancy software
  • Strong in mathematics
  • Understanding of accounting procedure
  • Ability to work for longer duration in environment of computing area
  • Profession in accounting is one of the top career choices marked by the students of India.

Numerous options open for the candidates seeking career in accounting. The job of accountants exists in public as well as in private sector. If you are choosing your career to be an accountant then, the career options in this field are available in numbers. You can go for various jobs under this course. One can do job in outside of India also.

Every organization needs an accountant that manages and maintains the financial records of the companies. It enables the organization to judge their success/failure and plan for the future. There are different positions available in this field. Lucrative jobs available for chartered accountants in India as well as in foreign countries.

One can choose teaching profession in this field. Job opportunities are available in accountancy firms, insurance companies and banks. You are also employed in private organizations or companies.

Job profiles in accounting field is as follows:
  • Finance Managers
  • Financial Controllers
  • Financial Advisors
  • Directors (Finance)
  • Certified Public Accountant
  • Chief Financial Officer
  • Chartered Management Accountant
  • Company Secretary
Working Area
  • Public Accounting
  • Audit
  • Tax
  • Budget Analysis
  • Financial
  • Management Accounting
  • Real Estate Finance
Opportunities as an Entreprenuer

Entrepreneurs start new businesses and take on the risk and rewards of being an owner. This is the ultimate career in capitalism - putting your idea to work in a competitive economy. Some new ventures generate enormous wealth for the entrepreneur. However, the job of entrepreneur is not for everyone. You need to be hard-working, smart, creative, willing to take risks and good with people. You need to have heart, have motivation and have drive.

One of the best things about pursuing a career as an entrepreneur is the wide-open possibilities. There is room in many economies throughout the globe for entrepreneurship - such as India, Brazil, Dubai, the U.S. or Kenya. There are many industries where wealth creation is possible be it the Internet and IT, personal services, media, engineering or small local business (e.g., dry cleaning, electronics repair, restaurants).

The possibilities in entrepreneurship are endless. The rewards can be high. And the risks are undoubtedly high too. But, if you have the drive, creativity and the desire to be your own boss, this may very well be the career for you.

With the launch of Prime Minister's ambitious Startup India mission on 16th January at Vigyan Bhavan auditorium in New Delhi, it seems that India is progressing to become the next big start up nation.

Never before in the history of India, have so many influential forces congregated to promote start-ups and enable them to flourish globally. In the past few years, the Indian startup ecosystem has witnessed an immense growth, despite several roadblocks, adoption of play-to-win approach by the young and enthusiastic entrepreneurs was all time high.

A lot of factors, including the globalization and rise of IT industry in the 90s were majorly responsible for the rise of entrepreneurship in India. Today, Indian Economy is undergoing an immense makeover with new strategies rolling into the market emphasizing and enhancing the role and contribution of startups.

In 2016, Indian market is foreseeing market domination for startups, especially in the online retailing and service industry where high priced business entities have been created. Moreover, it is projected that there will be over 11,500 startups by 2020 and that will change the way markets are working today in India.

The new age India today is ready to walk on the path- follow your hearts- shown by the business maven Steve Jobs and Mark Zuckerberg. Moreover, with the environment in India for starting own venture has become conducive and a great deal of entrepreneurship opportunity India presents, more and more people are now prepared to take the leap.

India’s Population Has Opened New Gateways

The population of India is a huge asset for the country in the next few years. By 2020, it is supposed that the nation will be experiencing a “demographic bonus” period, where the working age population would surpass the non-working population.

This unique demographic advantage will offer a great opportunity to any firm or organization trying to become successful and create a dominant position in the Indian And, therefore it comes as no surprise when Facebook with its Internet.org initiative aims to bring Indians on-board and Google ramps up its efforts in India to connect with next 1 billion users through its Balloon Internet Project.

Entrepreneurs in India have identified the nascent and unorganized stage of infrastructure in a country that is presenting a huge opportunity for them, and hence are trying to digitize or organize various segments.

Many IIT-ians and MBA Freshers Opt for Entrepreneurship

Recruiting trend among IITs and top MBA colleges always make news because of the higher packages that are offered to the students. The talented students from these top colleges either lining up to get placed in the startup or opted out campus recruitment process itself, mostly, due to their growing interest to start their own ventures.

Talent Is Inclined To Work With Startups

India is all set to break away the traditional career paths as a lot of talent is tending towards working with the Indian startup space. Challenging assignments, huge funding that brings huge compensation packages and an associated cool quotient are making startups a very lucrative place and attractive value proposition.

Indian and Foreign Investors Making Huge Investments in Startups

The startup ecosystem is getting substantial support from foreign and Indian investors, who have shown more faith in the industry and have provided funds to help these companies to grow leaps and bounds.

In 2015, India saw almost 300+ active angels and VC/ PE players, who carried out more than 300 deals. Various VC/PE investments happened in the expansion stage. Moreover, according to a data, Indian startups raised around $6.5-billion (Rs 42,300 crore) billion from investors in the last year.

B. Com - Banking & Finance | Accountancy, Audit and Taxation

Program Objectives
  • To help student acquire practical skills to work as tax consultant, audit assistant and other financial supporting services.
  • To develop among students a progressive affective domain of values and its integration with the role of accounting in society and business.
  • To impart relevant financial and managerial accounting career skills, applying both quantitative and qualitative knowledge to their future careers in business.
  • To help students with systematic and subject skills within various disciplines of commerce, business, accounting, economics, finance, auditing and marketing.
  • To equip the students with skills like effective communication, decision making, problem solving in day to day business affaires
  • To provide the students an opportunity to involve in various co-curricular activities to demonstrate relevancy of foundational and theoretical knowledge of their academic major and to gain practical exposure.
  • To provide the students an opportunity to involve in various and extra-curricular activities to demonstrate interpersonal and leadership skills.
  • To guide students to pursue higher education and advance research in the field of commerce and finance and engage in competitive exams like CA, CS, ICWA and other courses.
  • To inculcate ethical and socially & environmentally responsible behavior among students.
Program Description

The Bachelor of Commerce (B.Com) Program is a three year degree program offered by the University with a view to impart in-depth knowledge and broad understanding of Accounting and Financial Management. The curriculum of B.Com degree provides a carefully selected subject combination of Accountancy, Economics, Management & Decision Science, Banking & Insurance, and Commercial Law. The objective of the program is to produce graduates equipped with the knowledge, skills and attitude to meet the challenges of the modern day business organizations, and equips them to pursue M.Com degree program in due course.

Eligibility Criteria
  • Passed (10+2) or equivalent examination from any recognized board with minimum of 45% marks (40% for reserved category candidate as per Maharashtra state government rules) or equivalent grade.
  • Valid score of National/ State Level or other equivalent UG Entrance examinations like ATMA UG, MH-CET UG, etc.
Fee Structure

The fee for B.Com program is Rs. 13,750/- per semester, along with the registration fee of Rs. 2,500/-. There is a onetime caution money deposit of Rs. 1,500/- which is refundable at the end of the B.Com program.

Course Structure / Highlights
  • Regional and International Immersion Program (Regional & International Study Tour)
  • Industry Visits
  • IT Skills
  • Life Skills
  • Certification Programs Focused on Employability Enhancement
  • Course on Business Innovation and Innovative Practices
  • Focus on Practical and Hands on Training
  • Foreign Language Training
  • Dissertation / Industry Immersion Program
Industry Collaborations Existing:
  • All India Management Association (A.I.M.A)
  • Institute of Management Consultants (I.M.C)
  • National Institute of Personnel Management (NIPM)
Proposed:
  • FICCI
  • Academy of Indian Marketing
  • Chartered Institute for Securities & Investments (CISI)
  • National HRD Network (NHRD)