Other Jobs You Can Get With A Degree In Finance Benefits of Taking a Bachelor of Commerce Degree

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Benefits of Taking a Bachelor of Commerce Degree

According to a recent report by Global Financial Monitor, employers are currently facing a talent shortage of finance and accounting professionals. This means that the job prospects for graduates with commerce degrees are very promising. A Bachelor of Commerce or B.Com degree is designed to give students managerial skills in commerce-related subjects such as marketing, finance, accounting, and advertising among other subjects. The degree is structured to provide competence in business principles and organizational behavior with a focus on core subjects such as statistics, accounting, law, economics, finance, marketing and cooperative education.

Benefits of a commerce degree

It is a degree that provides students with specialist knowledge in various areas of business management and organization. Most universities have a curriculum for this program that addresses the rapidly changing environment of innovation, international focus and market-relevant aspects in the business world. The degree serves a good transition from the academic world to the competitive and highly flexible business world. Here are some key benefits of this degree program:

• With a BCom degree you are prepared to succeed in both self and corporate employment. You can start your own business and run it professionally without paying for specialist services such as accountants or marketing consultants.

• Since every company or business needs a manager, commercial specialist or at least one accountant, there are high employment opportunities for those who obtain this degree. There will never be a dearth of employment opportunities in this sector.

• Knowledge of accounting gives you the ability to understand and analyze financial reports and how they affect business in general. Good knowledge in cost and management accounting techniques is important in decision-making processes as well as in planning and evaluating the performance of the company’s business activities. Knowledge provides a good foundation in auditing and local and international tax principles.

• Students who choose to study finance in this degree program have an in-depth knowledge of the financial management role of a commercial firm. They can calculate financial ratios and how successful companies raise capital, choose attractive investments and analyze risks. The program also provides you with a better understanding of how the stock markets operate and how to build an attractive company portfolio.

• Another option offered in this degree course is Human Resource Management. This option provides students with the skills necessary to identify, analyze and find solutions to problems related to human resource activities. It includes important organizational processes such as recruitment and selection of employees, talent search, promotion, employee welfare, and application of occupational safety procedures in the company among others.

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