Top Skills Employers Look for in BCOM Honors Graduates
One of the most popular courses in India is commerce. The Indian economy is expanding extremely quickly. As a result, there has been a noticeable increase in demand for graduates with degrees in business. E-commerce significantly contributed to India's economic growth. Retail e-commerce sales increased significantly in 2022 and were projected to total roughly 4.9 trillion US dollars globally. This amount is anticipated to increase by 50% over the following several years, reaching $7.4 trillion by 2025.
About B.com (Hons.) Programme
A three-year undergraduate study leads to a B.Com (Hons) degree. This degree programme covers accounting, taxation, management, and business themes. In India, institutions often offer two different types of B.Com programmes: Regular B.Com and B.Com Honours courses. The primary distinction between the two is that the general B.Com offers an overview of all disciplines of commerce, whilst the honours programme offers specialization in the chosen topic. For instance, the areas of accounting, taxation, audit, etc. will receive increased attention in the B.Com Honours in Accounts & Finance programme.
A graduate's B.Com degree serves as a base or a foundation upon which they can pursue higher education in any field of their choice. Let's learn more about the Bachelor of Commerce degree programme.
Skills that a B. Com (Hons.) Graduate Should Possess to Get Employment
Listed below are the skills that a B.Com (Hons.) graduate student should possess to gain the employment of their choice.
1. Numeracy Skills:
A B.Com Hons graduate must have unmatched numeracy skills to get a good package. Throughout the hiring process, a lot of occupations in the financial, data management, tax, and banking industries take into account students' proficiency with numbers. The ability to comprehend and deal with numerical and graphical information, make conclusions, and explain discoveries are abilities that students need to develop. Thus, it's crucial to regularly solve all kinds of numerical math problems to build this aptitude for computation.
2. Analytical skills:
The capability to study, analyze, and comprehend facts is provided by analytical abilities. A commerce graduate's employment will include reviewing a company's financial records. They would have to conduct research, evaluate the information, and write reports. The management will utilize these reports to make decisions and implement remedial measures. The B.Com programme will aid in the student's development of analytical skills.
3. Accounting skills
The upkeep of an organization's books of accounts is referred to as accounting. Every organization, regardless of the type of business, needs it. For someone with accounting expertise, there are several work opportunities. Understanding accounting's guiding principles, standards, and best practices is the foundation of accounting knowledge. Accounting is one of the core disciplines in the B.Com, and it helps students acquire the necessary accounting abilities.
4. Communication Skills:
In addition to being a competent manager, one needs to be a great communicator to work in a multinational organization. Hence, to be qualified for particular professional tasks, students must have excellent communication skills. These necessary abilities are given to a B. Com. Hons student so that they would be able to manage clients, conduct internal team meetings, and give boardroom presentations. Throughout interviews, group projects, presentations, and individual application form responses, recruiters evaluate candidates' communication skills.
5. Innovative Skills:
Employers are always on the lookout for intellectuals with ground-breaking concepts. As a result, the ability to create or spot new opportunities for business growth is crucial. Several companies are looking for someone who can embrace change and has creative ideas. In order to improve processes, B Com Hons graduates in this profession must be able to think creatively.
6. Skill in the Spreadsheet
The way work used to be done has altered as a result of programmes like Microsoft Excel and Google Sheets. They are frequently used by corporations and organizations to manage business operations. Accounting, data analysis, management, cost tracking, and budgeting are among the activities that a B.Com. holder will perform. Spreadsheets are used in all of these professional fields. Spreadsheets make it easier to manage large amounts of data that might otherwise be challenging.
7. Leadership Skills
The graduating programmes in commerce are intended for students who have the aptitude to lead and function well in groups.
Since the corporate world revolves around these talents, you must be a great team manager and leader if you have a degree in commerce. Instead of hiring lone wolves, employers prefer to work with team players who will grow into outstanding team leaders.
This is so because, rather than the wheel itself, we are all but cogs in it. You and a hundred more like you are essential for the business to function.
8. Time Management Skills
The one talent that is quite crucial in today's fast-paced atmosphere comes last but certainly not least. The ability to manage one's time effectively will be very helpful not just when taking BCom courses but also in the working world. It will simplify your work and cut your estimated workload by more than half.
A student needs to be extremely focused on the academic learning process among all of these other talents. These abilities may aid you in landing a job interview and advancing within the company, but your work must also be of the highest calibre.
What is the Average Salary of a B. Com (Hons) Graduate?
A B. Com (Hons) graduate can expect to make an average salary of about INR 4.71 LPA, according to Payscale. Fresh B. Com (Hons) graduates may expect to make a starting salary of about INR 3.30 LPA, with the maximum salaries reaching INR 18 LPA. Yet, a variety of elements, including knowledge, location, job profiles, and talents, affect the same. The average pay for those with two years of experience is INR 4.11 LPA. The pay of a B. Com (Hons) graduate is significantly influenced by the company profile.
The experience-based salaries for a few job descriptions in India are listed below.
Conclusion
The most favoured undergraduate degree is a B. Com primarily due to the broad information and skill base it offers, as well as the student's overall development. B. Com. graduates will have more opportunities as a result of shifting circumstances. An accounting or consulting career might lead to top executive positions for a commerce graduate. If you are looking to earn a B. Com (Hons.) degree to master these skills, then CPJ Group of Institutions is here to help! With their market-centric programmes, you can rest assured you’ll gain essential skills and get high-paid employment.
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