Bachelor of Commerce, or BCom in Financial markets is a UG course of 3 years divided into 6 semesters. This course generally relates to a mechanism, enabling people in trading financial securities including stocks, bonds, and commodities in the market by studying Debt and Equity markets, Financial Assets and Foreign Exchange markets.
Candidates aspiring to pursue BCom Financial Markets, must come through their 10+2 exams, with a minimum of 60% aggregate marks. Admission to BCom Financial Markets colleges is generally merit based or through an entrance exam. The average fees for pursuing this course is INR 1,000 to 3 lakhs.
The major job roles after this course are Tax Consultant, Stock Broker, Auditor, Accountant, Banker, etc. The average salary ranges between INR 4 to 6 lakhs per annum, and increases with experience.
2.1 Why Study?
3.2 Entrance Exam
3.3 Admissions
5.2 Cutoff
- BCom in Financial Market Abroad
- Skills Required to Pursue BCom in Financial Market
- BCom in Financial Market Salary and Jobs
8.1 Top Recruiters
BCom Financial Markets Quick facts
- BFM full form is Bachelor of Commerce in Financial markets.
- Candidates are selected on the basis of merit as well as entrance exams such as AMUEEE, BHU UET etc
- Any candidate with a minimum of 60% in 10+2 with commerce stream can pursue BFM.
- BCom Financial Markets subjects include Communication Skills, Statistical Applications, Financial Accounting, Taxation For Investments and so on.
- There are agencies in market research, budget planning, public accounting firms, banking and a wide range of consultancies where the candidates can hope to begin their career as an accountant, financial controller, finance manager or financial adviser.
- Top recruiting companies include Business Consultancies, Educational Institutes, Industrial Houses, Public Accounting Firms, Policy Planning, Foreign Trade, Banks, Budget Planning, Inventory Control, Merchant Banking, Marketing, etc.
- After completing BFM, candidates can undergo higher qualifications like Chartered Accountancy, MBA and M.Com admission 2023. These courses are supported worldwide and its reach is immense.
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B. Com Financial Markets scope is not restricted to any country. It is very professional and an international recognition. There are also high scopes of expected jobs available abroad after some certifications.
All About BCom Financial Markets
Bachelor of Financial Markets (BFM) is a three-year undergraduate degree that provides the student with an insight into various aspects of the financial market, which includes understanding finance and money, investment economics, communication skills, legal parameters etc. It includes the practical fields of study like organizing, planning and managing capital resources.
The course helps aspirants to gain knowledge in the field of Equity Market, Debt Market, Capital Market, Skill Enhancement Course, Ability Enhancement Course, Elective Course, Discipline Elective Specific Course, Comprising of Technical Analysis, Financial Derivatives, Mutual Funds, Taxation (Direct & Indirect), Macro Economics, Corporate and Security law, Professional Communication Skill, and Information Technology. It transforms one from a layman to one who can easily comprehend the basic principles and mechanisms.
Why Study BCom Financial Markets?
- BCom Financial Markets is an undergraduate programme, students can pursue a master's degree or pursue a career in a different field, or they can take additional professional courses.
- Any student who puts out the effort to complete the course will develop excellent critical thinking skills.
- This course is highly helpful in comprehending the financial market since it explains how an investor trades stocks, bonds, commodities, and other financial instruments on the stock market or exchanges.
- The training will change you from a layperson to someone who can quickly understand the fundamental concepts and procedures that are overlooked when trading financial instruments.
- The course will focus on the major financial markets and how they affect the economy of the country.
- You learn about the characteristics of such marketplaces as well as other facts.
- You will also learn how to calculate the prices of stocks and bonds. There are many other financial instruments to be aware of.
BCom Financial Markets Admission Process
Selection for BFM programs will be done on the basis of the candidates’ scores in the qualifying degree. However, some of the colleges might include scores of the entrance exams while selecting the candidates.
Candidates who wish to get admission to B.Com in Financial Markets colleges in India will have to fill the application form of a particular college they wish to seek admission to. The college will release the admission notification on the official website. Some colleges might also conduct a GD/PI round.
These are the steps that will help you gain admission to BFM:
- Candidates must pass the admission examinations for the universities they wish to attend.
- Candidates must go through a counselling session.
- Verification of documents
- Personal Interviews or Group Discussions may be used in the selection process at some universities.
BCom Financial Markets Eligibility Criteria
- BFM admission is done by an entrance test, and to be eligible for the exam, students must have a 50 percent grade in 10+2 in any subject from a recognised board.
- The admission test has no age restrictions.
- To be considered for admission to the BFM programme, candidates must also fulfill the qualifying requirements.
- They must achieve the minimal aggregate score recommended by the individual College for admission.
BCom Financial Markets Entrance Exam
Admission for B.Com Financial Markets doesn’t require any specific entrance exam. BFM admissions are mostly done on the basis of the candidate's score in the qualifying exam. However, some Universities do conduct their own entrance exams to qualify for the course. Some of them have been mentioned below:.
| Exam Name | Exam Date |
|---|---|
| AMUEEE | Check here |
| BHU UET | Check here |
BCom Financial Market Admission
- Candidates may apply for the official website of the college they want to pursue, for this course.
- Necessary documents are to be uploaded as per the guidelines. The major documents include, marksheets of the previous exams, photo ID, signature, date of birth proof, and address proof.
- Also, some colleges may conduct entrances, for which the aspirants may have to sit.
- Normally, candidates will be selected based on their merit on the previous exams. In case of entrance exams candidates, their merit on the entrances, will be judged.
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Post-qualifying the exam, candidates will be called for the counselling round, where they will be finally selected, if they perform well.
B.Com in Financial Market Syllabus
| Semester I | Semester II |
|---|---|
| Principles Of Investment | Environment Of Financial System |
| Micro – Economics | Macroeconomics |
| Basic Statistics | Statistical Applications |
| Basic Computer Skills | Communication Skills |
| Financial Accounting | Management Accounting |
| Business Environment | Principles Of Business Management |
| Semester III | Semester IV |
| Debt Markets | Commodities Markets |
| Corporate Finance | Corporate Finance-II |
| Equity Market-I | Equity Market-II |
| Banking In Financial System | Financial Services |
| Computer Application In Investments | Taxation For Investments |
| Business Ethics | Security Analysis |
| Organizational Behavior | Business Law |
| Semester V | Semester VI |
| Global Capital Markets | Risk Management |
| Regulation Of Securities Markets | Corporate Governance |
| Insurance-Fund Management | Computer Applications In Financial Services |
| Derivative Markets | Marketing Of Financial Services |
| Foreign Exchange Markets | Mutual Fund Management |
| Portfolio Management | Customer Relationship Management In Financial Services |
| Project-I | Project-II |
BCom Financial Markets Colleges in India
The top BCom Financial Markets colleges along with their fees structure and ranking has been tabulated below.
BCom Financial Markets College Comparison
| College Name | DPG Degree College | Mithibai College of Arts | Chandigarh University |
|---|---|---|---|
| Establishment Year | 2015 | 1961 | 2012 |
| Average Annual Fees | 40,000 | 32,000 | 1,05,000 |
| Institution Type | Private | Private | Private |
| Facilities | Computer Laboratory, Central Library, Science And Arts Laboratory, And Cafeteria | Library, Auditorium, Activity Room, Spacious Laboratories, Lifts, And PlayGround | Library, Sports, Food And Dining, Hostel, And Health Care |
| Courses | UG & PG | UG, PG And Research Program | UG, PG And Doctorate Level Courses |
BCom Financial Markets Cut Off
BCom Financial Markets Colleges Abroad
Candidates can also pursue the course, from universities abroad. Having this degree from abroad colleges will bring you multiple career opportunities. Also, it will help you in better learning of this course. Here are some things to be kept in mind, before you go for the degree in foreign colleges.
- Candidates need to come through their 10th and 12th standards from a recognised educational institute, with a minimum of 60% aggregate. This marks can even range up to 80%
- They may have to sit for the entrance exams, including GRE or GMAT.
- Also, every international student must submit their english proficiency scores via either IELTS, or TOEFL.
- Also, it is necessary to show their marksheets of the previous exams, medical certificate, letters of recommendation, statement of purpose, etc.
Top Colleges
| QS Ranking | Country | College | Fee (INR) |
|---|---|---|---|
| 126th | Canada | University Of Alberta | 19,58,502 |
| 211st | Canada | Western University | 10,01,676 |
| 145th | Canada | Hec Montreal | 150,9,990 |
| 14th | UAE | University Of Wollongong Dubai | 47,46,752 |
| 38th | Australia | University Of Sydney | 22,72,460 |
| 47th | Australia | University Of Queensland | 24,29,440 |
| 414th | Australia | Bond University | 30,87,257 |
| 91st | Australia | University Of Western Australia | 19,21,126 |
| 184th | New Zealand | University Of Otago | 13,67,961 |
Skills Required for Pursuing BCom Financial Markets
- Financial markets are defined by having clear pricing, costs and costs, basic orders on trading, and trade forces determining the value of securities that trade.
- Financial market links to a mechanism, which permits people to plug financial securities like stocks, bonds also as commodities within the market.
- Candidates must have knowledge of Equity Market, Debt Market, Capital Market, Skill Enhancement, Ability Enhancement, Elective Course, Macro Economics, Discipline Elective Specific Course, Technical Analysis, Financial Derivatives, Mutual Funds, Taxation (Direct & Indirect), Professional Communication Skills, Corporate and Security Law, Information Technology
- Patience and discipline are two characteristics that every stock market practitioner requires in large quantities. Skills are learned with a bit of effort, professionals can improve their research abilities, analytical skills, handling losses, maintaining records, patience, and discipline.
Skills are learned with a bit of effort, professionals can improve their research abilities, analytical skills, handling losses, maintaining records, patience, and discipline.
BCom Financial Markets Salary and Jobs
Most of the scholars are choosing B.Com nowadays due to the big variety of career options available after doing this course. B.Com helps in building a superb foundation within the core commerce subjects like accounts, costing, law, and taxation. Now comes the purpose of what you would like to try to do after completing your B.Com course.
It will purely depend upon your skills and interest in a particular field. You can make your choice on the idea of which subject does one love the most, within the industries like Financial Planning, Accounting, Equity Research, Capital Market, Stock Markets, etc.
| Job Profiles | Minimum Average (INR) | Maximum Average (INR) |
|---|---|---|
| Tax Consultant | 5 Lakhs | 9.2 Lakhs |
| Auditor | 4.61 Lakhs | 10 Lakhs |
| Stock Broker | 3.93 Lakhs | 8.11 Lakhs |
| Finance Consultant | 10 Lakhs | 20 Lakhs |
| Banker | 3.61 Lakhs | 8 Lakhs |
| Insurance Consultant | 3 Lakhs | 5 Lakhs |
| Accountant | 2.48 Lakhs | 5 Lakhs |
| Export-Import Manager | 2.44 Lakhs | 6.5 Lakhs |
Top Recruiters
Some of the top recruiters offering high paid jobs to these degree holders are tabulated below:
| Jobs | Job Description | Average Salary (INR) |
|---|---|---|
| Finance Analyst | Financial analysts are responsible for reviewing a company's financial performance against a plan, analysing business performance and market conditions to generate forecasts, and providing monthly reports to senior management to aid them in making tactical and strategic decisions. | 5,00,000 |
| Consultancy Firms | Management consultants assist clients in finding answers to their evolving company demands. They must stay up to date on any industry developments and how they may influence current and future clients. | 13,06,183 |
| Stock Market | Buyers and sellers can negotiate pricing and conduct deals on the stock market. The exchange then records the supply and demand of each listed stock, allowing investors to purchase and sell these stocks among themselves. | 3,90,366 |
| Tourism Sector | Assist customers in identifying their best vacation package based on their preferences and needs. Provide travellers with all important and necessary information about their trip, such as guides, itineraries, brochures, and maps. To the correct consumer, sell the proper trip package. | 1,00,000 |
| Investment Banking | Development of numerous financial models for valuing debt and equity in mergers and acquisitions, as well as capital raising processes. Develop product offers, private equity deals, mergers and acquisitions, and valuations suggestions. | 9,31,841 |
| Share and Capital Markets | Responsible for the company's initial public offering (IPO) on stock markets in order to raise cash. To finish the listing process for a company via IPO or Private Placement, engage closely with capital markets and regulators. | 21,00,000 |
| Banking Sector | Managing client bank accounts, including account opening and termination, as well as transaction oversight. Deposits, payments, and withdrawals are all processed. Overdrafts and loans are authorised and evaluated. | 20,000 |
| Educational Institution | Educational institutions are defined as organisations that provide instructional services to students or education-related services to students and many other educational institutions. | 4,20,564 |
| Commercial Banking | Commercial banks offer a huge range of services and products to their clients, which allows commercial bankers to work with a wide range of customers and specialize in their area. | 5,73,251 |
| Share and capital Markets | Capital markets tells any exchange marketplace where financial securities and assets are exchanged for hard cash. Capital markets may have trading in bonds, derivatives, and commodities with stocks. Stock markets are a specific category of capital market that only trade shares of corporations. | 4,86,000 |
| Stock Broker | A stockbroker is a professional in trading; they normally buy and sell shares on behalf of his clients. The stockbroker has other names too such as a registered representative or an investment advisor. | 3,90,366 |
| Auditor | An auditor is a person who has the authority to examine and certify the correctness of financial documents, as well as to verify that businesses follow tax rules. They guard the businesses from fraud; point out discrepancies in accounting ways and, on occasion, work on a consultancy basis, helping companies to spot ways to increase operational efficiency. | 4,88,173 |
BCom Financial Markets Scope
After BCom Financial Markets, students can either discover career prospects or go for a master’s degree, which is a popular option, as there are several postgraduate courses for BFM graduates like MBA in Finance, Financial Risk Management (FRM), CFA, CS, and Chartered Accountant.
- Chartered Accountancy (CA): It is the second best course in the world. CA is mostly concerned with accounting rather than finance. However, because it is such a thorough course, the application of money management will arrive in due time. It takes about 4-5 years to complete CA. You may anticipate a yearly salary of about 6.5-7 lakhs.
- Financial Risk Manager (FRM): FRM is developed specifically for students with a background in banking and finance. Furthermore, it is a worldwide-recognised course that will add significant value to your resume if you are able to finish it. You must pass two examinations in order to pass FRM; FRM Level 1 and FRM Level 2 are two levels of FRM that take place twice every year in the months of May and November.
- For a global course like FRM, you'll need to spend approximately INR 1.2–1.5 lakhs. Furthermore, if you complete your FRM, you will be able to get a job that pays between INR 5-7 lakhs per year, which is pretty good for an entry-level employment.
- Chartered Finance Analyst (CFA): The Chartered Finance Analysts Institute in the United States administers the CFA programme. A globally renowned number one investment course would set you back around INR 2.5 - lakhs. When you consider the value this course delivers, the prices it charges are insignificant. Compensation would be in the range of INR 7-10 lakhs.
- Company Secretary (CS): The Institute of Company Secretaries of India conducts the CS exam. However, you can begin after 10+2. This course deals with qualitative thinking that takes precedence over quantitative reasoning. The costs for CS are cheap, ranging between INR 30,000 and INR 40,000. After earning your CS certification, you may expect to earn about INR 5-8 lakhs per year.
- Master of Commerce: After B.Com, most of the scholars choose M.Com. It is a bit like the advanced version of B.Com during which you'll do the systematic study of the core commerce subjects.
- Masters in Finance or Accountancy: If you would like to review finance or accounting further then you'll choose this course. The technical aspects of finance and quantitative methods are going to be taught. The duration is 1-2 years.
BCom Financial Markets FAQs
Ques. What are the BCom Financial Markets Subjects?
Ans. The BFM course covers key essentials of the operational and functional nature of financial markets, stock trading and exchanges, debt markets, equity markets, corporate finance, microeconomics, macroeconomics, risk management, etc.
Ques. Is BFM recommended to become a CFA (Chartered Financial Analyst)?
Ans. BFM is the perfect undergraduate program for students planning to pursue C.F.A. Projects, case studies, presentations, mock trials, replica stock, and industry visits guarantee that the course offers a solid mix of theory and practice.
Ques. Do we need math for BFM?
Ans. BFM includes accounts and statistics, which in turn involves math. Math is therefore the basis of finance. Therefore, any aspirant must have the basic mathematical knowledge/ skill.
Ques. Is BAF better than BFM?
Ans. Both the courses include similar financial studies, career opportunities and higher studies options. The only difference is that BFM provides detailed knowledge about finance, market, and a broader scope for investment compared to BAF, which only teaches financing, and accounting.
Ques. Can a Bachelor in Financial Markets work in a bank?
Ans. Definitely, Right after finishing BFM, graduates can join an accounting firm and start working as Accounting Assistants, Financial Planner, Stock Brokers and so on.
Ques. What is the average salary for BFM?
Ans. The average beginning yearly salary for a BFM graduate ranges from Rs. 4 lakh to Rs. 6 lakh. It may vary from company to company and depending on the role.
Ques. What is the average fee for BFM?
Ans. The average fee is about INR 50,000 per year and might increase due to the rise in the increase of the courses in many colleges.
Ques. Does BFM come under BBA or BCOM?
Ans. BFM is not similar to BBA and B.com. BFM is the latest course put in for the commerce students. The Bachelor of Financial Markets is a specialised degree in commerce that helps the students to understand the various aspects of financial markets, enabling them to understand economics, finance, markets, and risks in a clearer way.
Ques. Can we do MBA after BFM?
Ans. Yes, you can do an MBA after BFM. The University of Mumbai had begun the Bachelor of Commerce (Financial Markets) course in 2008. The course was created not only to aim at training students in their academics but also in the ever changing field of Financial Market but also leads to the all-round improvement of their personality.
Ques. What are the top jobs that you can do after completing BFM?
Ans. Chartered Accountant (CA), Financial Risk Manager (FRM), MBA in Finance, Chartered Finance Analyst (CFA), and Company Secretary (CS) are some of the major jobs, which can be done after completing BFM.
Ques. Which is the highest paid job after BFM?
Ans. One of the highest paid jobs after completing BFM is the Investment Banker. The average salary of an investment banker can reach upto 46,17,413 INR per year.
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