Benefits of Taking a Bachelor of Commerce Degree

Globalization and a global economy in the process of rising from the ashes of the international financial crisis several years ago has led to a huge demand for graduates of finance and accounting courses. This is the reason for the huge boom in the number of Bachelor of Commerce students.

The increase in the students in turn resulted to an increase in the number of institutions offering the course. The increase in the supply of the courses has then resulted to an increase in the quality of education.

Definition

A Bachelor of Commerce degree is geared to providing students with knowledge and skills about business relevant disciplines including but not limited to marketing, accounting and finance, and advertising. It is designed to make students competent in helping businesses grow, expand, and meet their end goals by supporting them in a particular sector they have mastered. The demand for the course has risen together with the continuous rise of eCommerce. As long as there are businesses in the economy there will be a need for commerce graduates.

Benefits of the Degree

The world of business is the most dynamic and hence most universities perform an annual revaluation and of their curriculum and apply modifications if necessary. If the student manages to keep up with the changes he will gain a lot of general knowledge in the relevant fields and deep knowledge in his chosen major or specialization. Graduating with the Bachelor of Commerce degree will provide the student with the following benefits:

Flexible Employment

The Bachelor of Commerce will allow you become an employee in the public or private sector or even put up your own little enterprise. You can become a consultant for a government department or a private corporation. You can also be an independent adviser and have your own list of clients. You can also put up your own small or medium enterprise and manage it without the need to hire consultants because you already know the basics of what should be done.

Ample Job Opportunities

Any enterprise needs a manager or an accountant which means that there will always be someone willing to hire you.

Capability with Financial Reports

The degree comes with intermediate accounting knowledge which will allow you to understand, analyse, and interpret accounting reports. Financial reporting is important because it is what enables a financial entity to ascertain whether it is making a profit or loss and what its financial position actually is.

It is also essential in forecasting the potential benefits and opportunity cost of a management decision. Any business will always need someone who can interpret the numerical values in a financial report into easy to understand worded summaries. Financial reports are also required in paying for taxes.

Deep Understanding of Financial Management

A Bachelor of Commerce degree will also equip you with extensive knowledge in financial management which will allow you to formulate vital formulas such as return on investment and turnovers that interpret their meaning. Hence, you will be able to tell how well or how bad a company is doing and recommend steps on how it can achieve each maximum potential. You will also be able to manage the securities of the company efficiently and present them in the company portfolio in the best possible way.

Human Resource Management Possibilities

Graduates of the degree can also pursue a profession in human resource management. You can use the analytical and critical thinking skills you have developed in determining the vacancies in the workforce that should be filled and formulate an efficient employee selection process.

Bachelor of Business Administration

Explorer Different Career Opportunities for a Bachelor Degree of Business Administration Graduate

Bachelor of Business Administration degree has remained one of the most popular courses in the past several decades especially after the onset of globalization. The degree is all about the management of people. Students studying under this course often choose a specialization that determines the career options that will be available to them after graduation.

Career Possibilities

1. Human Resources Manager

A human resources manager takes charge of managing the employees of a company in which common tasks are recruitment, guidance, and direction. He will be in command of hiring new employees and setting the minimum standards that should be met before an applicant is considered qualified. He will also be the head of compensating the employees in terms of salary and retirement benefits. Performance evaluation and review as well as organizational improvement also fall under the list of tasks. He is also tasked with improving the general status of the employees and easing the channels of communication.

2. Human Resources Generalist

A human resources generalist is a more hands on version of a human resource manager. He is focused at improving the quality of the company’s manpower. This involves screening of applicants through interviews, written tests, etc. He will also orient new recruits to introduce them to the company. He will also be the main man in charge of training the newly oriented personnel. He will study the current policies and regulations of the company concerning employees and make suggestions for their improvement.

3. Employee Benefits Manager

This is the most complex occupation a graduate of Bachelor of Business Administration can take. The employee benefits manager will be in charge of the development, improvement, and administration of the company’s employee benefits program. This program includes not only the retirement benefits of an employee but also its pension plans as well as life and medical insurance policies and any other benefit he is entitled to. The manager is also to do research and attend employment benefit seminars regarding the various options offered by the government or any other agency. He is also to devise ways to improve the amount and proceeds of the program. He should also provide counselling for employees nearing their retirement age or have made known their desire to end their relationship with the company.

This particular job is very complicated because it is constantly subject to numerous changes. Insurance and pension laws and policies are constantly changing and the benefits manager should always be up to date. Available options also tend to come and go and he should be able to make the most out of the available ones.

4. Occupational Analyst

The improvement of employee relationships is the primary task of an occupational analyst. He is to perform research and evaluations on the current occupations and create plans to improve them and integrate them with each other. He is to innovate the classification system of occupation and provide ways to implement and maintain those innovations. He is to make the details on the abilities and basic information of the workers easily accessible and interpret able. Surveys and studies are the most common tools used in this profession. He is also to create reviews and reports in various forms such as books, diagrams, charts, etc.

5. Human Resources Development Specialist

A human resources development specialist, is tasked with the duty of making sure that the company is constantly staffed with adequate and competent personnel. He or she is to conduct performance evaluation, and set standards that should be met and maintained.