B.Com or Bachelor of Commerce in Applied Economics is a full time undergraduate course in which students will be able to learn the different applications of economic analysis in specific problems in each public as well as private sectors.
This is a well known undergraduate program which provides an overview of several trading or economics practices and is highly valued in the coming times. There are numerous colleges for B.com in Applied Economics in India, here are some of them, PDM university, Poornima university, Sanskriti university, Garden city university and Chandigarh group of colleges.
B.Com Applied Economics course is the most popular economy-oriented bachelor course pursued by students in India. It allows students to work in almost all the sectors of the economy and remains one of the most pursued courses in India.
The cost of pursuing a BCom Applied Economics course in India, ranges between INR 30,000 -INR 4,00,000. And a BCom Economics graduate salary in India is INR 638,072 per annum according to Payscale website.
2.1 Why Study BCom Applied Economics
3.1 Eligibility
3.2 Admission
3.5 Entrance Examination Preparation tips
4.1 BCom Applied Economics Subjects
5.1 BCom Applied Economics College Comparison
8.1 Top Recruiters
8.2 Job profile
BCom in Applied Economics Quick Facts Highlights
| Full Form | Bachelor of Commerce in Applied Economics |
| Average Fees | INR 30,000 to INR 400,000 per annum |
| Admissions | Merit based or Entrance based |
| Colleges | School of management studies, Loyola College, St. Xaviers College , Mumbai, Institute of Management-Christ University , Bengaluru, and many more |
| Entrance test | CUET, CUCET, AU CET, etc. |
| Types of Course | regular, online , distance education mode. |
| Subjects | Accounting, Applied Economics, Macro Economics, Business Regulatory Framework, etc. |
| Job Profile | Statistical Assistant, Financial Analyst, Financial Director, Business Analyst, Investment Banker, and many more. |
| Top Recruiters | State Bank of India, KPMG, PWC, HDFC Bank, ICRA, etc. |
| Average Starting Salary | INR 3-5 LPA |
| Job areas | private and government sectors of banking, accounting, finance and insurance. |
| Future Scope | M.Com, MBA, PGDM, CFA, CA, PhD, etc. |
All About BCom Applied Economics
- The 3 years BCom Applied Economics course provides students the opportunity to specialise in the world of imports and exports business, with a firm foundation in Economics. It also serves the purpose of trade communication and how to conduct business across the globe.
- This course is a great choice for students who want to know about the latest economic development and implement them in the modern economic business.
- After completing this course you will get expertise in various economic skills like analytical skills, communication skills, mathematical and statistical knowledge, decision-making ability, good oral and written communication skills, good time and project management skills etc.
- Therefore, candidates who are interested to learn about various trading policies, modes of payment and the financing of import export business usually go for this course.
Why Study BCom Applied Economics?
BCom Applied Economics is in high demand because of the increasing demand in economics, investment sector, investment banking sectors and benefits that the course brings.
Candidates after completion of the course can find themselves in different commercial hubs, educational institutes, banks, marketing companies, financial departments etc.
The Perks of BCom Applied Economics have been listed below :
- Diverse opportunities: A BCom Applied Economics qualification can open up job opportunities for the students in various unique profiles such as Assistant Manager/Officer, Statistical Assistant, Service Quality Leader, Market Research Analyst, Lead Modeller, Economics Teacher, Curriculum Developer and many more.
- Higher Education: Students after completion of the course can opt for higher education by enrolling them in several M.Com, MBA, PGDM programs.
- Research opportunities: BCom Applied Economics provides ample opportunities for the candidates to devote themselves in various research institutes and organisations.
- Competitive Salary: A BCom Applied Economics graduate in India earns around INR 4-6 lakh per annum. Students with over 10+ years of experience can earn upto INR 8,00,000 per annum.
- Networking Opportunities: It permits the possibility to develop their organizations with various batch mates as well as seniors, professors and alumni. The primary thought behind networking is the formation of references for future job opportunities.
- Government Jobs: BCom qualifications permits candidates to appear for several government exams like civil services exam or exam related to finance and accounting requirements like import export, income tax or excise departments.
BCom Applied Economics Admission 2024
Admissions in this program are usually done on the basis of merit list prepared by the colleges on the basis of last qualifying exams. However, there are some institutes offering admissions on an entrance basis.
The admission processes of this course are quite straightforward and easy to follow. You either need to pass the entrance test or score very good marks in your 10+2. The marks required for this course vary according to the different colleges/universities. However, some of the basic details remains the same
Eligibility
The basic eligibility criteria to pursue this program is as follows:
- Students need to secure at least 50% aggregate marks in 10+2 or any equivalent exams from a recognized board
- Students belonging to Reserved category (SC/ST/PWD) are entitled to marks relaxation of up to 5% in several universities
- Minimum cut offs for admitting students, and admission differs in various universities and largely depends on the student’s performance at the 10+2 level.
Admissions
BCom Applied Economics admission 2024 varies from college to college. However, most of the colleges offer admissions based on the marks in the last qualifying examination. Some of them may conduct an entrance test for admission. Below we have discussed a detailed explanation of admission both merit as well as entrance.
Merit Based Admission
- Some universities gives admissions on merit based of the last qualifying examination
- Accounting, Business Studies and Economics are some of the important subjects, you should have in the last exams
- To apply for merit-based admission offering colleges you need to fill the application form accessible online
- Submit the application fee along side the required documents
- Keep a check on the cutoff list prepared by the institute or university
Entrance Based Admission
- Some of the colleges and universities conducts an entrance tests for offering admissions in this program
- CUET, CUCET, AU CET etc are some entrance tests for admission
- For this method of admission, you need to apply on their authority website
- Submit the necessary documents and save the receipt for future reference
- Then, appear in the entrance test and score well.
- Students who may qualify in the entrance test need to appear in the counselling process and acknowledge the admission offer by paying the mandatory fees
BCom Applied Economics Entrance Exams
Following are some of the entrance exams considered for BCom Applied Economics admissions in India:
Entrance Exams Dates
| Entrance Exams | Exam Date |
|---|---|
| DU JAT | Check DU JAT Exam Dates |
| AU CET | Check AU CET Exam Dates |
| CUET | Check CU CET Exam Dates |
Entrance Examination Preparation tips
- Applicants ought to follow a strict time table timetable where the subjects that are complex and tricky should be studied first likewise the rest of the subjects ought to likewise be finished with utmost care and attention.
- Time table Management guarantees equivalent distribution of Individual's concentration and focus.
- Students should likewise plan by means of mock tests accessible online to have a standard practice and understand the paper pattern.
- Students ought to refer to the instructional exercises, eBooks, and other examination materials.
- Students should practice everyday to acquire ability and use it with the administration of time and furthermore to hold a strong grasp of critical questions.
BCom Applied Economics Syllabus
The three years BCom Applied Economics course comprises six semesters and each semester has some mandatory courses. The following core programs are all mandatory and have to be taken up during your study.
| Semester I | Semester II |
|---|---|
| Micro Economics | Macro Economics |
| Business Environment | Indian Economics |
| Fundamental Principles of Accounting | Financial Accounting |
| Business Mathematics | Partnership Accounting |
| Indian Contract and Sale of Goods Act | Business Regulatory Framework |
| Business Organizationp | Business Communications |
| Semester III | Semester IV |
| Commercial Bank Management | Banking in India |
| Financial Market Operation | Investment Management |
| Elements of Company Accounts | Advance Corporate Accounts |
| Theory and Practice of Cost | Advance Cost Accounts |
| Indian Company Act | Principles of Management |
| Principles of Statistics | Advances Statistics |
| Semester V | Semester VI |
| Public Finance | International Marketing |
| Principles of Insurance Business | Project Planning & Control |
| Income Tax for Individuals | Income Tax for Business |
| Accounting for Managers | Indirect Tax |
| Financial Management | Auditing |
| Marketing Management | Human Resource Management |
BCom Applied Economics colleges in India
Some of the colleges offering Bcom Applied Economics Course are given below
| College Name | Average Fees |
|---|---|
| Amity university | INR 3.5 Lakhs |
| Lovely professional university | INR 2.5 Lakhs |
| School of management studies | INR 80,000 |
| BML Munjal university | INR 5 Lakhs |
| Doon business school | INR 2.3 Lakhs |
| Integral university | INR 1.3 Lakhs |
| PDM university | INR 1.7 Lakhs |
| Sanskriti university | INR 90,000 |
| Poornima university | INR 84,000 |
| Garden city university | INR 3.4 Lakhs |
| City college, Bangalore | INR 1 Lakh |
| REVA university | INR 2.2 Lakhs |
| St. claret college | INR 60,000 |
| Amritsar college of engineering and technology | INR 80,000 |
| Chandigarh group of colleges | INR 1.2 Lakhs |
| BFIT group of institutions | INR 1.5 Lakhs |
| Raffles university | INR 1.2 Lakhs |
BCom Applied Economics College Comparison
Below we have shared the comparison between two different colleges offers admission in BCom Applied Economics Course.
| Parameters | Amity University | Lovely Professional University |
|---|---|---|
| Overview | It is a private university Established in 2004, Amity university is private university approved by UGC and AICTE | It is one of the largest single campus university established in the year 2005. The college is affiliated by NCTE and COA |
| Ranking | 94 by India Today | 99 by NIRF |
| Average Fees | INR 3.5 Lakhs | INR 2.5 Lakhs |
| Average Placements | INR 2-3 LPA | INR 2-4 LPA |
| Top Participated Companies | Biocon, Dabur, Wipro, ZNA Infra, Bio-Med, Pfizer and so on. | S & P Global Market Intelligence, Unilever, Moody’s Analytics, HDFC Bank, OYO, ITC, Practo, Redington, Axis Bank, Asian Paints etc |
| Collegedunia Ratings | 8.1 | 8.4 |
BCom Applied Economics Top Colleges Abroad
BCom Applied Economics or similar courses are taught in the top foreign countries such as the USA, New Zealand, Canada and Australia. The programs are more expensive than that provided in India. Below we have shared some of the foreign universities along with the rankings and fees.
| World Rankings | College Name | Average Fees |
|---|---|---|
| 19 | Cornell University | NA |
| 61 | Brown University | INR 39,11,000 |
| 80 | Ohio State University | INR 25,97,422 |
| 85 | University of Minnesota, Twin Cities Campus | INR 26,66,010 |
| 195 | Macquarie University | INR 21,84,607 |
| 197 | Texas A&M University | INR 28,12,779 |
| 351 | Hong Kong Baptist University | INR 13,38,792 |
| 1851 | College of Southern Nevada | INR 8,01,742 |
| 867 | California State University, San Bernardino | INR 12,23,919 |
| - | University of New Hampshire | NA |
BCom Applied Economics Scope
Economics sector is ever expanding due to the digitalization of the world. Banking and Finance are the top employment areas for students after a BCom degree. Majority of the candidates are preparing for MCom, MBA and other highly acclaimed national and international certification courses in the field of management and accounting.
The Import Export or Financing sector is an ever evolving sector due to the increasing demand in various trading businesses. Banking, Finance and import export are the top employment areas for students after a BCom degree. Majority of the candidates after their graduation starts preparing for MCom, MBA and other highly acclaimed national and international certification courses in the field of management and accounting.
MCom
M.Com is a postgraduate master degree level and the most chosen course after graduation. Students after BCom, can pursue this master degree course which is a duration of 2 years. Admission to this program is based on several entrance exams such as CUET PG, CUCET, PU CET and many more. This is considered as the best option for students who want to pursue a career in economics, banking, investment, financial service, investment as well as accounting and marketing.
MBA
MBA is one of the demanded management level degrees that one can pursue after completing a bachelor's degree course.
Those students who want to start their career in management field can pursue this degree which can take upto 2 years to complete.
Admission is based on entrance exams such as CAT, XAT, MAT and other equivalent national level or university level examinations.
This is considered the best option for candidates who are interested in marketing and management.
After completion of MBA you have a plethora of job opportunities and better career prospects in different high paying fields such as management, finance, international business, business analytics, supply chain etc.
Doctor of Philosophy (PhD)
PhD is a 3-5 years highest level degree that one can pursue after completing a master's degree course. Admission is based on entrance exams such as NET, JRF and other equivalent national level or university level examinations. This is considered the best option for students who are interested in starting their career as a lecturer or professor.
BCom Applied Economics Salary and Jobs
Employment Opportunities of BCom Applied Economics are mostly depending on the level of expertise and experience in the industry. From being a Statistical Assistant to a Service Quality Leader, Market Research Analyst, Lead Modeller, Economics Teacher, Curriculum Developer etc. there is a huge list of career options available for BCom graduates.
From various companies like SBI, HDFC, Axis, Corporate etc, to startups and government units, BCom graduates are in demand everywhere. Companies do placement drives in bulk from the institutes and offer good BCom Applied Economics salary packages ranging from INR 3-6 LPA.
Top Recruiters
Some of the top companies recruiting BCom Applied Economics degree holders are tabulated below
| State Bank of India | Accenture |
| Axis Bank | Deloitte |
| Wipro | Cognizant |
| TCS | Ernst & Young |
Job Profile
Apart from studying further and doing a job in the field of Economist and Statistical Assistant, there are many other job options that you can select as per your choice and skills.
So, below we have discussed some of those applied economics jobs:
| Job Profile | Type of Job Role | Average Starting Salary |
|---|---|---|
| Data Analyst | A data analyst assembles, cleans, and studies informational indexes to assist with solving issues.They interprets data sets in order to respond to a question or solve an issue. They can work in numerous companies, including business, finance, criminal justice, science, medication, and government. | INR 3-5 LPA |
| Assistant Manager | An Assistant Manager, is answerable for carrying out work process techniques dependent on course from the company's General Manager. Their job roles incorporate overseeing representatives during everyday assignments, giving client assistance in raised escalated situations and managing the overall workflow of a workplace. | INR 4-7 LPA |
| Economist | Economists study the production and distribution of assets, merchandise, and administrations by gathering and breaking down information, exploring patterns, and evaluating economic issues. | INR 3-6 LPA |
| Statistical Assistant | Statistical assistants set up and check mathematical realities in a wide range of spaces of business, government, and industry. They aggregate and record information and make calculations. Statistical assistants work for insurance agencies, banks, and stock brokerage. | INR 3-6 LPA |
| Lead Modeler | Lead Modelers are liable for creating lead edge AML models for name coordinating, exchange observing, client list scoring, watch list checking and giving contribution to the structure to demonstrate improvement. They give suggestions to further develop observing frameworks and abilities dependent on recognized issues and control gap | INR 6-8 LPA |
BCom Applied Economics Skills required
To start your career in BCom in Applied Economics Course there are some required to help in pursuing this course. Below we have some of those skills
| Mathematical aptitude | Comfort with uncertainty |
| Knowledge of social sciences | Written skills |
| Good at understanding complex systems | Verbal communication skills |
| Curious | Analytical skills |
| Independent thinker | Critical-thinking skills |
B.Com Applied Economics FAQs
Ques. What is B.Com Applied Economics?
Ans. BCom Applied Economics is a 3 year full-time undergraduate course in the commerce field.Students will gain proficiency with nations' exchange, exchange strategies and exchange blocks, methods of installment and the financing of import and export exchanges during their course work.
Ques. How to get admission in B.Com Applied Economics Course?
Ans. To get admission in this course is solely done on the basis of merit obtained in the last qualifying examination. While some colleges conduct an entrance examination for the same. The admission processes of this course are quite straightforward and easy to follow. You either need to pass the entrance test or score very good marks in your 10+2. The marks required for this course vary according to the different colleges/universities.
Ques. What are the subjects in the B.Com Applied Economics course?
Ans. Some of the common subjects are Accounting, Applied Economics, Macro Economics, Business Regulatory Framework,Security Analysis and Portfolio Management and so on.
Ques. What is the average course fees of the B.Com Applied Economics course?
Ans. On the average, the majority of the colleges in India charge INR 1 -2 Lakh per year. However, it varies from institute to institute. Some may charge only INR 80,000 for the course while some colleges charge INR 3-5 Lakh for the program.
Ques. What is the average salary of a BCom graduate?
Ans. The average salary varies from INR 3-5lakh to INR 6-8 lakh. It depends upon the recruiter and the post one you are selected for.
Ques. What is the eligibility criteria for B.Com Applied Economics Course?
Ans. The candidate should have completed their 10+2 or any relevant degree from any recognised university with a minimum of 50% marks.
Ques. What are employment areas for the candidate completing B.Com Applied Economics course?
Ans. Candidates after completion of the course can find themselves in various employment areas like commercial hubs, educational institutes, banks, marketing companies, financial departments etc.
Ques. What are the popular specializations related to B.Com Applied Economics ?
Ans. Some of the popular specializations related to B.Com. (Bachelor of Commerce) Applied Economics are Financial Planning , Co-Operation , E-Commerce , Programming Languages , Finance etc.
Ques. What is the scope for a BCom Applied Economics graduate?
Ans. In terms of further scope, BCom Applied Economics graduates can get plenty of options to choose from. For instance, one can either work in corporate and banks under several job designations or pursue their desired course like CA, MSC or MBA, to take their academic journey forward.
Ques. Am I eligible for a government job after doing BCom Applied Economics course?
Ans. Yes, BCom Applied Economics is an undergraduate level program and hence students who graduate from any undergraduate course are eligible for government jobs as well.
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