Employability among Bachelor of Commerce graduates in India was about 48 percent in 2024, a significant decrease from 2023. Within the commerce stream, obtaining a B.Com degree is often the minimum requirement for getting a job. The economic slowdown in India has been a major factor in reduced hiring among companies.
What is Bachelor of Commerce?
An academic course such as Bachelor of Commerce degree that provides theoretical knowledge is different from courses in banking and finance, chartered accountancy and office management. For instance, in chartered accountancy, there is an ’article-ship' which prepares the graduate with hands-on learning experience under the guidance and mentorship of experienced professionals in a company. Although this section of graduates have numerous job opportunities right after graduation, landing a job is difficult for many even today without the practical skillset.
In recent years, the number of women graduates with a bachelor's degree has increased in the country. Women undergraduates of commerce had an employability rate of over 70 percent in 2019.
Engineering students in demand
The share of employable talent across the country was above 45 percent for the last two years, an increase since 2014. While the highest scope of employability among undergraduates was among the engineering and the technology graduates, there was still a massive skill gap in terms of experience for industry requirements.
Employability among graduates with a Bachelor of Commerce across India from 2014 to 2024
Figures are based on Wheebox Employability Skill Test which used a reliable talent assessment tool to test domain knowledge, communication skills, computer skills, numerical and logical ability, and behavioral traits.
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Wheebox. (January 12, 2024). Employability among graduates with a Bachelor of Commerce across India from 2014 to 2024 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/738222/employability-among-commerce-graduates-india/
Wheebox. "Employability among graduates with a Bachelor of Commerce across India from 2014 to 2024." Chart. January 12, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/738222/employability-among-commerce-graduates-india/
Wheebox. (2024). Employability among graduates with a Bachelor of Commerce across India from 2014 to 2024. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/738222/employability-among-commerce-graduates-india/
Wheebox. "Employability among Graduates with a Bachelor of Commerce across India from 2014 to 2024." Statista, Statista Inc., 12 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/738222/employability-among-commerce-graduates-india/
Wheebox, Employability among graduates with a Bachelor of Commerce across India from 2014 to 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/738222/employability-among-commerce-graduates-india/ (last visited November 13, 2024)
Employability among graduates with a Bachelor of Commerce across India from 2014 to 2024 [Graph], Wheebox, January 12, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/738222/employability-among-commerce-graduates-india/