B.Com in Business Economics is a triennial undergraduate programme catered to Indian students by several colleges and universities across the country. Business economics is the combined study of numerous aspects of business, including management and expansion. The study also delves into various challenges confronted by corporations, which depend on the distinct marketplace or economy a particular corporation operates in. Business economics stresses on the identification and impact of various business operations factors on a distinct economy.
During the entire 3-year course of B.Com in Business Economics, candidates learn how to identify the need of a corporation expansion and how to accomplish the same. Students also develop an understanding of the impact of entrepreneurs on corporations, the role of governmental rules and regulations in an organisation’s management, and various types of inter-corporation interactions.
B.Com in Business Economics programme combines theoretical knowledge of various economic principles and methodologies with hands-on experience in the form of practical work and project work. The 3-year undergraduate course is divided into 6 semesters. Whilst first 2 semesters of the programme focus on providing the foundational knowledge of commerce and finance, remaining four semesters focus on providing an in-depth knowledge of Business Economics.
After the successful completion of B.Com in Business Economics degree, candidates need to choose between a potential career and advanced studies. For Business Economics graduates, a number of potential career opportunities are available.
Management of resources and time is essential for walking down the path of B.Com in Business Economics. Having a proficiency in decomposing complex problems in smaller easy-to-manage sub-problems is also essential for the undergraduate course. The triennial course demands applicants to have the strong inter-communication skill and managerial ability to lead a team. All vital skills required for successfully pursuing B.Com in Business Economics programme are:
Several opportune career options are available for B.Com in Business Economics graduates. Though most of the career profiles require them to assume non-managerial roles, some might necessitate candidates to take the responsibility of managing as well as leading a team.
Ranging from business development executives to Business Economics tutors, Business Economics graduates can go for several fascinating career options. The following list describes some of the most favourable career opportunities for candidates with a degree in Business Economics:
The role of a business development executive is ideal for candidates with B.Com in Business Economics degree. Business development executives are responsible for assisting an organisation to expand their operations and undertake important marketing campaigns to promote their services and products in the market. In several scenarios, these professionals need to carry out an extensive research to understand the market requirements and demands.
Identification of new sales leads, maintaining the existing clientele, introducing new customers to the business, and overseeing marketing initiatives are some of the job responsibilities of business development executives. The exact responsibilities of a business development executive, or BDE, depend on the stature and type of the organisation.
Business analysis is a very diverse field that deals with analysing different sets of business data. Candidates with a B.Com in Business Economics degree are apt to provide services as a business analyst. Business analysts assist businesses in setting appropriate business goals and come up with products and services that could exactly relate to customer needs.
Business analysts act as the bridge between businesses and associated facilitators, stakeholders, and partners. They are responsible for providing vital advice on improving an organisation’s management and implementing ideal technology solutions. Business analysts need to work in line with almost all the departments of an organisation to collect viable data that translates into insightful information.
Another rewarding job opportunity for B.Com in Business Economics graduates is that of a business analytics manager. A business analyst is ideal for employing statistical means to a set of organisational data in order to take out important information. Business analytics managers are responsible for leading a team of business analysts. Moreover, these professionals oversee proceedings of business analyst(s).
Business analytics managers play an important role in an organisation’s decision-making process. These professionals are adept at employing relevant strategic planning methodologies. Most full-size companies rely on the services of a business analytics manager to explore new levels of their organisational potential.
The job of a financial advisor provides graduates with B.Com in Business Economics degree the flexibility to either work as a full-time employee or provide services on a freelance basis. Either way, a financial advisor needs to undergo extensive market research to provide relevant advice on matters related to insurance, investment, savings, et cetera.
The requirements of a client determine the marketplace a financial advisor needs to conduct his research on. Financial advisors receive handsome pay-checks for their consummate services.
Those with a B.Com in Business Economics degree are apt for providing their services as all-round financial analysts, analytics managers, business risk advisors, financial directors, health economics modelling analysts, investment advisors, and senior business intelligence analysts.
Applicants interested in pursuing B.Com in Business Economics degree must have completed higher secondary education in Commerce stream successfully. Candidates with a higher secondary education certificate in non-medical are also eligible to apply for the 3-year undergraduate course.
Following list describes the eligibility criteria for applying for B.Com in Business Economics degree:
Students with a Class 12th, or higher secondary education, certificate from a recognised state education board with a minimum of 55% or 60% marks in aggregate or an equivalent CGPA can apply for the course.
Participated and secured a score more than the cut-off score in a distinct entrance examination (Required by premier institutions).
B.Com in Business Economics programme is ideal for candidates with a knack for solving complex problems whilst managing a limited set of resources and time. Business Economics graduates are adept at improving an organisation’s capability in different areas, ranging from production to operations.
During the triennial course of B.Com in Business Economics, candidates learn about the effect of economic factors on the management strategy of a business. The undergraduate course allows candidates to explore various aspects of business management and operations to understand and appreciate the interdependence of economy and businesses.