E-commerce is the way of transferring the data and funds through which goods and services are sold. These business transactions happen between consumer to consumer, business to consumer, business to business or consumer to business. B.Com in E-Commerce is an undergraduate programme that refers to as modernised type of Business Administration degree. The duration of this course is 3- year and it is highly career oriented.
After completing the course, students are capable of creating and managing the online business. They may also work in public and private enterprises as accountants, economists, statisticians, financial analysts or managers. B.Com in E-Commerce graduates are applicable to pursue higher studies in the relevant field like Master degree and research. This course facilitates candidates in learning the online business, which is often relevant globally. There are many options available for the candidate who has completed this course successfully. A few of them are e-Commerce Developers, Web Consultants, Business Analysts, etc.
Due to the widespread use of the internet, the demand of E-Commerce has increased. The candidate can obtain a lucrative career after completing this course. Aspirants with B.Com in E-Commerce degree can obtain job opportunities either in accounting firms or in online trading firms. The employment areas where they can work are banks, business consultancies, foreign trade, industrial houses, educational institutes, investment banking, public accounting firms, marketing, merchant banking, policy planning, public accounting firms, working capital management and so on.
B.Com in E-Commerce graduates can get medium level packages at the entry level. Banking and other firms generally offer a handsome salary. The entry-level salary ranges between INR 8,000 and INR 12,000 per month. However, with job proficiency, they can avail salary up to INR 20,000 per month. The average salary per annum is INR 1.7 to 8 lakhs. The course fee of this program ranges between INR 25,000 and INR 500,000.
Through this course, the candidate learns how to write business plans, buy and sell goods and services, collaborate with marketing and business partners to ensure profitable input and output. B.Com in E-Commerce course is suitable for those who have interest and aptitude in business and business-related affairs. Before learning all the nitty-gritty of facts under the course, the candidate must have following skills and capabilities.
There are almost 34 colleges in India that offer the program B.Com in E-Commerce. Some of the top institutes based on their performance are listed below.
B.Com in E-Commerce graduates are hired by government organisations, private companies, online shopping websites and online marketing/ management agencies. Such graduates are also employed in organisations like accounting and management firms, organisations dealing with electronic transactions, bank and financial organisations, networking and marketing firms, and accountancy departments of local/state governments. The major career roles and responsibilities carried out by B.com in E-Commerce graduates are as follows.
The marketing manager is responsible for developing strategic plans that are applied for the entire organisations, business, and brands. They work towards attracting potential customers via the internet. Their day-to-day tasks include coordinating market and implementing and executing strategic plans for entire organisations. A marketing manager needs many people like graphic designers, copywriters, graphic designers, creative directors and more to run his organisations successfully. The average annual salary of a marketing manager is 6-12 lakhs.
Budget managers are responsible for creating the organisation’s budget. They are also responsible for reviewing budget proposals. A budget manager prepares effective budget models for departments and the entire company. They monitor and control institution’s spending. They must have skills and hands-on experiences of accounting software and statistical package. In addition, they should have numeracy skills to deal with expenditures of the company. The average salary of a budget manager is 3-6 lakhs.
A finance manager is responsible for reviewing financial reports, monitor accounts, and preparing activity reports. They also suggest ways to cut down the cost and improve profitability. The typical duties and responsibilities of a finance manager include reviewing financial reports, monitoring the account and preparing activity reports. Additional duties include providing financial reports, maintaining the financial health of the organisations, analyzing costs, etc. A financial manager must know how to use finance software and have the strong interpersonal communication and presentation skills. The average annual salary of a finance manager is 9-12 lakhs.
An accountant compiles and analyzes income with revenue expenditure. They prepare the documentation for financial transactions and financial actions. An Accountant analyzes data regarding online trading to support business decision-making. They manage financial reporting, budgeting and forecasting. They must be proficient in MS Office and software related to Finance. The average salary of an accountant is 6-10 lakhs.
They often work with the top management of a retail outlet to determine the parameter of company’s online presence. The E-Commerce manager is also responsible for all online activities. The job responsibilities include organising promotions, working with shipping companies and making managerial decisions. Web maintenance and troubleshooting are the main concern for the E-Commerce Manager. An E-Commerce manager earns around INR 3,60,000 per year.
Web Consultant creates the customised websites to make them eye-catching and effective for customers. After the creation of a website, they are responsible for maintaining it. They must have the knowledge of HTML, XML, Flash and web programming language. The salary of a web consultant is around INR 272,654 per year.
An E-Commerce executive is responsible for assisting marketing and communication team in seeking online marketing opportunities. They identify and evaluate new marketing strategies and the day-to-day management of PPC campaign. They are also responsible for managing social media implementation. They supervise a team of web designers and software developer. The salary for an E-Commerce Executive is around INR 1,189,516 per year.
They are responsible to oversee the daily operation of a company. E-Commerce Operations Managers are able to manage inventory and set budget and managing costs. They evaluate existing processes for efficient workflow. They write, create and publish the online products that include images, description, product features, shipping details, item specification and all necessary information to sell products. The average salary of an E-Commerce Operations Manager is INR 959,232.
The basic eligibility criterion for B.Com in E-Commerce program is 10+2 with 50% marks and 45% marks for SC/ST/PWD in Commerce stream from a recognised educational board. Most colleges offer this program based on the performance of the candidate in the entrance exams. Some colleges admit students on the basis of marks obtained in 10+2 exams. However, the admission process varies colleges to colleges.
B.Com in E-Commerce is a specialised program that comprises of subjects like Communication Skills, ICT Foundation, Business, Economics, Financial Accounting, the Internet, Statistics-Fundamentals, Entrepreneurship, Programming in C, Business Organization, Financial Accounting, DBMS and Mathematical Foundation, Marketing Management, Tourism, etc. This course emphasises on the advanced learning in online business practices of organisation and procedures involved in managing a business online.