Bachelor of Commerce (B.Com. Hons.) 

at Narseee Monjee Insitute of Management Studies (NMIMS), Chandigarh, Chandigarh

International Accounting has a wide scope and necessity in the world economy. International accounting deals with the financial reporting financial and regulatory issues of companies across different countries, ensuring uniformity, transparency, comparability of financial statements globally.
Further, international accounting gives way to global market interconnections. Because of this, a single language for financial reporting becomes indispensable across markets for making effective decisions at the level of investors, regulators, and stakeholders. International Accounting reduces financial risks through the ability to provide a reliable, consistent framework of financial reporting that improves corporate governance and promotes international trade and investment.

Yes, the BCom in Commerce and Accounting courses are well recognised in Commonwealth countries such as, Canada, UK, Australia, New Zealand, and South Africa, especially when obtained form accredited universities. While in USA, Bcom alone would not be sufficient for accounting jobs, but pursuing additional certificates like CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst), can enhance your career prospects.

No, you cannot become a lawyer without a Law degree. You mandatorily need to obtain degrees such as BA/BCom/BSc/BBA LLB or LLB in order to be a lawyer in India. To become a lawyer, one must first complete three-year or five-year LLB from a recognised university and possess degree certificate. Then, they must enrol themselves in local Bar Council of the concerned state and enrolled as an advocate. Within two years of the enrolment, they must appear and clear AIBE in order to be eligible to practise anywhere in India. 

The average salary of a Financial Analyst in India is Rs 4.12 Lacs per annum at entry level. As one gains experience and acquires more skills in this functional area, their salary package increase multifold and can reach up to Rs 8-12 Lacs per annum. Financial analysts are professionals in the finance industry who assist businesses in making decisions about their operations based on variables such as market trends, financial performance, and anticipated transaction outcomes. Click to check Financial Planning and Analysis.

The annual salaries after completing a BCom in Accounting and Commerce in India can vary significantly depending on experience level, qualifications, job roles, and the industry. Here’s a breakdown based on different career stages:

• Entry-Level: INR 2.5 - 4.5 LPA
• Mid-Level: INR 5 - 8 LPA
• Senior-Level: INR 8 - 15 LPA