Understanding the intricacies of human behaviour is vital for making sound judgements in the changing world of finance and business. A ground-breaking undergraduate degree, the Online B.Com in Behavioural Finance is designed to give students a deep understanding of the psychological and behavioural aspects that drive financial and commercial decisions. The fascinating interplay of human psychology and finance is the focus of this three-year degree curriculum, which gives graduates the abilities they need to excel in this specialised field. So, let’s know more about the course in detail:

Key Features of Online B.Com in Behavioural Finance  

• The University Grants Commission's Distance Education Bureau (UGC-DEB) has authorised this programme.
• The programme lasts three years and is broken into six semesters, each lasting six months.
• Students must have met the qualifying requirements by receiving at least a 50% mark in their Higher Secondary Certificate (HSC) exams from a recognised educational board.
• Regarding finance and economics, the course dives into behavioural psychology principles such as herd mentality, loss aversion, and sunk costs.
• An online B.Com. in behavioural finance normally costs between INR 30,000 and INR 50,000 in tuition.
• Business, money, investing, and economic psychology are among the themes discussed.

Subjects/Syllabus

The following are the topics commonly covered in an online B.Com. in behavioural finance programme:

Application Criteria 

• Following are the requirements for admission to the online B.Com. in behavioural finance programme:
• Candidates must have completed the HSC exams through a recognised educational board.
• To be eligible for this programme, students must have scored at least 50% on their HSC exams.
• There are no hard stream requirements; students from various educational backgrounds are eligible for this curriculum.

Course Duration

The online B.Com. in Behavioural Finance programme is meant to be done in three years. There are 6 semesters in these 3 years, each lasting around 6 months. Students can thoroughly examine the many parts of behavioural finance across this extended period, delve into financial psychology's subtleties, and understand how human behaviour affects financial decision-making.

Admission Process

The following steps are commonly followed during the application process for an online B.Com degree in behavioural finance:

1. Registration: To get started, enrol on the college's official website or organisation that provides the online B.Com. in Behavioural Finance.
2. Application: Finish the application for the particular course. Your personal information, academic background, and other required elements must be entered.
3. Documents: Upload digital copies of relevant papers, including passport-sized pictures, proof of identity, and academic transcripts.
4. Fee Payment: Pay the application or registration fee according to the university's requirements. Depending on the institution, this cost may vary.
5. Application review: Be patient while the school evaluates your application. They might analyse your academic credentials and other essential considerations.
6. Confirmation: After reviewing and accepting your application, the university will offer you a confirmation email or message regarding your admission.
7. Academic Fee Payment: You must pay the course's academic fees to reserve your seat in the programme. The university will let you know the dates and the payment procedure.
8. Orientation: To help you become comfortable with the format of the courses and the online learning environment, certain universities may conduct an orientation workshop.

Classes will commence by the academic calendar once you have accomplished the aforementioned steps and made the needed expenses. You will have successfully applied for admission to the Online B.Com Degree in Behavioural Finance curriculum.

Fee Details

Depending on the university and its unique fee structure, universities may charge varying sums for online B.Com. in Behavioural Finance courses. The cost of the curriculum for the complete course normally ranges from 30,000 to 50,000 Indian rupees. Please take note that the exact tuition amount varies from university to university. Numerous universities now give flexible payment options to help students better manage their spending, such as semester-based or annual payment plans. For specific and current cost information, please visit the colleges' official websites providing this programme.

Specialisation

Several other specialisations are available for an online B.Com degree in addition to behavioural finance. These specialisations in the realm of business appeal to a variety of interests and career ambitions. Additional online B.Com specialisations include the following:

• A general B.Com. degree incorporates every facet of commerce, including management, accounting, finance, and economics.
• Students who desire to specialise in auditing obtain knowledge and abilities in financial analysis, risk assessment, and auditing methods.
• Focusing on accounting and finance offers a broad understanding of financial management, accounting principles, and investment methods.
• The subtleties of banking operations, financial markets, and investment management are addressed in depth by this specialisation in banking and finance.
• The emphasis is on comprehending stock exchanges, trading procedures, and investment analysis in the context of stock markets.

Career Opportunities

A degree in Online B.Com in Behavioural Finance brings up several career prospects in disciplines connected to finance and psychology. Graduates with knowledge of how human conduct affects financial decisions are in high demand. Here are some probable work paths:

• Financial planner: Applying behavioural finance theories to financial planning can help clients make better decisions about their savings, investments, and retirement plans.
• Market Research Analyst: According to a market research analyst, analysing consumer behaviour is vital in market research. Graduates in behavioural finance can excel in assessing consumer preferences and market trends.
• Financial Analyst: Behavioural finance analysts employ psychological knowledge to forecast investor behaviour, assess market patterns, and offer investment recommendations.
• Investing advisor: They give clients customised investing advice considering their risk tolerance and psychological biases.
• Behavioural Economist:  To understand why people make particular financial decisions, behavioural economists integrate economics and psychology to analyse economic decisions and behaviours.

Other Modes of Courses After Online B.Com in Behavioural Finance  

After finishing an online B.Com in Behavioural Finance, students may elect to register for specific studies or acquire a certification to expand their competence in a particular subject. The following specialised training programmes and credentials can be utilised in combination with a degree in behavioural finance:

• The Certified Financial Planner (CFP) qualification focuses on comprehensive financial planning, which can incorporate behavioural finance theories. This covers retirement planning, estate planning, insurance, and tax preparation.
• The Chartered Financial Analyst (CFA) qualification is well-acknowledged in investing. Advanced issues in investment management, portfolio analysis, and ethics are discussed, and behavioural finance principles can be incorporated.
• A certification in behavioural economics will give you in-depth knowledge of the psychological processes impacting economic decision-making.
• Advanced statistics and data analysis courses will help you understand the behavioural data and market trends that could benefit from increasing statistics and data analysis skills.
• Courses in neuroeconomics help you by exploring the neuroscience behind economic decision-making. Neuroeconomics increases our knowledge of the brain's function in making financial decisions.

Top Hiring Firms 

Many organisations in the financial sector and outside it are looking for candidates with degrees in behavioural finance. Here are some major recruiting firms and organisations where people with Behavioural Finance knowledge could find fascinating career opportunities:

• JPMorgan Chase
• Morgan Stanley
• Bank of America Merrill Lynch
• McKinsey & Company
• Boston Consulting Group (BCG)
• Deloitte
• BlackRock
• Vanguard
• Fidelity Investments
• Bridgewater Associates
• Citadel
• Two Sigma
• Edward Jones
• Ameriprise Financial
• Charles Schwab
• Allstate
• Prudential
• State Farm
• Securities and Exchange Commission (SEC)

Top Universities 

Here are various Indian colleges that give online B.Com programmes with a concentration on behavioural finance:

• Indira Gandhi National Open University (IGNOU)
• Symbiosis Centre for Distance Learning (SCDL)
• Amity University Online
• NMIMS Global Access School for Continuing Education (NGA-SCE)
• Karnataka State Open University (KSOU)
• Annamalai University Directorate of Distance Education
• University of Mumbai (IDOL)
• Dr. B.R. Ambedkar Open University (BRAOU)
• Yashwantrao Chavan Maharashtra Open University (YCMOU)

Conclusion

Behavioural finance focuses on the motivations behind the financial decisions that people and companies make and how such decisions affect the broader market. It is a detailed course that covers a wide range of topics in accounting, economics, behavioural science, finance, and other fields, giving students a comprehensive education in this developing business. Students receive particularly important information about the present financial climate by diving into themes including consumer behaviour, financial psychology, and economic decision-making. You can check out these universities to learn more about the course and apply as per the application criteria.