Exploring the World of Commerce

The various academic degree courses offered by the best university for commerce in north India that makeup commerce education in India include a Bachelor’s degree in Commerce (B.Com), a Master’s degree in Commerce (M.Com), and a Doctor of Philosophy in Commerce (Ph.D.). These degrees offer specific knowledge and skills in commerce and enable you to pursue a range of career opportunities in areas such as marketing, finance, and accounting.

Bachelor of Commerce 

B.Com is a popular undergraduate degree program in commerce offered by the  best university for commerce in north India. It typically has a duration of three years. As per statistical data, the enrollment numbers for B.Com programs have consistently increased over the years. For instance, in the academic year 2018-2019, around 2.47 million students were enrolled in B.Com programs in India. This number signifies the immense demand for commerce education at the undergraduate level.

Masters of Commerce 

A postgraduate degree program called M.Com offers in-depth expertise in several business-related fields, such as accounting, business management, finance, and economics. The M.Com. the program lasts two years on average. M.Com programs offered by the private commerce university in Haryana have been increasingly popular in recent years, as well.

Ph.D. of Commerce 

A Ph.D. in Commerce is an advanced research degree that focuses on the in-depth study and exploration of various aspects of commerce, including economics, finance, accounting, marketing, management, and related fields. It is a prestigious qualification that equips individuals with specialized knowledge and research skills to contribute to the advancement of commerce-related knowledge and practices. 

Industry Demand: The corporate sector in India recognizes the value of Ph.D. scholars in commerce. Companies seek their expertise for research-driven roles, strategic decision-making, and policy formulation. Ph.D. holders are often preferred for senior management positions, consultancy, and advisory roles in various industries.

Global Collaborations: Ph.D. scholars in Commerce have the opportunity to collaborate with international researchers and institutions. The number of international research collaborations in commerce has been increasing, fostering knowledge exchange and providing exposure to global research trends.

Enrollment numbers:    Exact enrollment figures for M.Com programs in India are not readily available. However, considering the increasing number of students pursuing commerce education at the undergraduate level, it can be inferred that a significant proportion of B.Com graduates opt for M.Com programs to enhance their qualifications and career prospects.

 In pursuing careers in the commerce and business sectors. These qualifications not only provide theoretical knowledge but also equip students with the practical skills required for a diverse range of roles. The increasing enrollment numbers and diverse career prospects associated with these qualifications reflect their significance and relevance in India’s ever-evolving economy.

Benefits Of Pursuing A Degree In Commerce 

B.Com and M.Com degrees in Commerce offer numerous benefits to individuals in India, equipping them with valuable skills and knowledge in the field of commerce. Here are some numerical facts highlighting the advantages of pursuing these degrees:

Having The Essential Skillset

Commerce graduates possess the necessary skills to start their businesses. India has a thriving start-up ecosystem, and individuals with commerce knowledge can leverage their understanding of financial management, taxation, and business operations to establish successful ventures.

Pursuing Professional Certifications At Best University For Commerce In North India :

• Commerce graduates can pursue various professional certifications like Chartered Accountancy (CA), Cost and Management Accountancy (CMA), Company Secretary (CS), and Certified Financial Planner (CFP), among others.
• These certifications enhance career prospects and earning potential. For instance, according to the Institute of Chartered Accountants of India (ICAI), the average salary of a newly qualified CA in India is around ₹7-10 lakh per annum, which increases with experience.
• Global Opportunities: – The commerce field offers global career prospects, particularly in finance and accounting. Indian commerce graduates have opportunities to work in multinational corporations and gain exposure to international business practices.
• With the expansion of digital platforms and remote work, commerce professionals can even explore freelancing or remote job opportunities with clients from around the world.

Career Prospects 

1. Bachelor of Commerce (B.Com):

B.Com graduates have a wide range of career opportunities available to them. Here are some key statistics regarding the career prospects of B.Com graduates in India:

• A common career choice for B.Com graduates is in the banking and financial industry. The Indian Staffing Federation (ISF) estimates that the banking and financial sector added about 2.5 lacks (250,000) new positions in 2019. Graduates of B.Com programs can apply for several of these roles.
• Accounting and auditing: B.Com graduates frequently work in these fields. According to the Institute of Chartered Accountants of India (ICAI), there were around 3.04 lakh (304,000) chartered accountants in India as of January 2021. As the foundation for their professional qualifications, many of them have B.Com degrees.

2. Master of Commerce (M.Com):

M.Com graduates at the private commerce university in Haryana possess advanced knowledge and specialization in commerce. Here are some relevant statistics regarding the career prospects of M.Com graduates:

•  Research and academia: M.Com graduates frequently work in these fields. There were around 993 universities in India as of 2021, and many of its academic members have M.Com degrees.
• Corporate Sector: M.Com graduates who work in the corporate sector can find work in a range of positions in the fields of finance, accounting, marketing, and human resources. According to the Confederation of Indian Industry (CII), the business sector in India produced over 3.3 million new employees in 2019.

 3. Doctorate of Philosophy (Ph.D.) in Commerce:

   Ph.D. in Commerce holders possess advanced research skills and expertise in their field. Here are some statistics regarding the career prospects of Ph.D. in Commerce graduates:

1. Academia and Research: Ph.D. in Commerce graduates often pursue careers as professors, researchers, or academic administrators. According to the University Grants Commission (UGC), there were approximately 993 universities in India as of 2021, offering numerous faculty positions to Ph.D. holders.
2. Consulting and Advisory Roles: Ph.D. in Commerce holders can work as consultants or advisors in areas such as finance, economics, and business strategy. These roles often require advanced analytical and research skills, which Ph.D. graduates possess.

Private Commerce University in Haryana

SRM University Delhi-NCR, Sonepat, is one of the renowned private commerce universities in Haryana offering excellent academic programs, including B.Com, M.Com, and Ph.D. in Commerce. 

 SRM University’s M.Com program is a postgraduate degree that provides advanced knowledge and specialization in commerce

One of the best universities for commerce in north India offers a 3-year Ph.D. program in Commerce that allows students to pursue in-depth research in their chosen area of interest within the commerce domain. 

By enrolling in the best bcom university in Delhi NCR for B.Com, M.Com, or Ph.D. in Commerce, students can expect a comprehensive and enriching educational experience, exposure to industry practices, expert faculty guidance, and access to modern infrastructure. These factors contribute to holistic development and better career prospects in the field of commerce.

For more details, you can visit the official site at www.srmuniversity.ac.in.