According to a recent report by Global Financial Monitor, employers are currently facing a talent shortage in financial and accounting professionals. This means that the job prospects for graduates with a business degree are quite promising. A Bachelor of Commerce or B.Com is designed to provide students with management skills in disciplines related to commerce, such as marketing, finance, accounting, and advertising, among others. The degree is structured to provide proficiency 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 business degree
This 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 terms of innovation, international focus, and market relevance issues in the business world. The degree acts as a smooth transition from academia to the highly flexible and competitive business world. Here are some of the key advantages of this degree program:
• With a BCom degree, you are well prepared to succeed in both self-employment and business. You can start your own business and run it professionally without the need to pay for expert services like accountants or market consultants.
• There are many job opportunities for holders of this title, since every 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 in accounting gives you the ability to understand and analyze financial reports and how they generally affect a business. A good knowledge of cost accounting and management 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 local and international tax principles.
• Students who have chosen to study finance in this degree have a deep understanding of the role of financial management in a company. They can calculate financial ratios and understand how successful companies raise capital, choose lucrative investments, and analyze risk. The program also provides you with a good understanding of how the stock markets operate and how to build an attractive portfolio of companies.
• Human resource management is another option offered in 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 search, promotions, employee well-being and application of occupational safety processes in a company, among others.