Which Degree Offers Better Career Prospects: BCom or BMS?
Students often find themselves at the crossroads when it comes to choosing between a Bachelor of Commerce (BCom) and a Bachelor of Management Studies (BMS). Both degrees have their unique strengths and are geared towards different career trajectories. Let us delve into the details of each to help you make an informed decision.
The Scope of BCom and BMS
The scope of both Bachelor of Commerce (BCom) and Bachelor of Management Studies (BMS) can vary significantly based on individual career goals, interests, and the specific job market. Below is a breakdown of both degrees to help you understand the nuances.
Bachelor of Commerce (BCom)
Focus: Primarily on commerce, finance, accounting, and economics.
Career Options: Graduates can pursue careers in accounting, finance, banking, taxation, auditing, insurance, and business analysis.
Further Studies: BCom graduates often pursue professional courses like CA (Chartered Accountant), CS (Company Secretary), or further studies like an MBA (Master of Business Administration).
Bachelor of Management Studies (BMS)
Focus: Emphasizes management principles, organizational behavior, marketing, and operations management.
Career Options: Graduates can work in management roles, marketing, HR, operations, consultancy, and entrepreneurship.
Further Studies: BMS graduates may also pursue an MBA but often lean toward specializations in management or related fields.
Comparison
Job Market: Both degrees have strong job prospects, but BCom may have a slight edge in finance-oriented careers, whereas BMS may be more beneficial for roles in management and marketing.
Skills Development: BMS typically offers more practical management skills, while BCom provides a strong theoretical foundation in commerce-related subjects.
Conclusion
Ultimately, the choice between BCom and BMS should depend on your career interests. If you are inclined toward finance and accounting, BCom might be a better fit. If you are interested in management and organizational roles, BMS could be the right choice. Both degrees offer valuable opportunities, but aligning your choice with your career aspirations is key.
Considering Future Career Options
Students are often confused about taking specific undergraduate courses after their 12th standard. For the commerce stream, Bachelors in Commerce (BCom) and BMS Bachelor of Management Studies are two very common options. Here, we discuss the scope of both these courses and which might offer better career prospects.
A BCom degree mainly focuses on accounting practices and provides accounting-centric subjects throughout the course. This is an academic course, and the chances of landing a very good job after graduation are not very high. However, a BCom degree prepares you for future programs such as a CA (Chartered Accountant) course, a CFA (Chartered Financial Analyst) course, etc. While the chances of landing a great job right after BCom are not high, getting another professional qualification alongside can enhance your prospects.
On the other hand, a BMS degree is more of a professional degree focusing mainly on management-centric subjects. Compared to BCom, the BMS program has a little edge in getting good jobs after graduation. However, the most common practice is to go for a higher degree such as an MBA or PGDM (Post Graduate Diploma in Management) after completing BMS. You can also go for courses like a CA or CS (Company Secretary) course, which can be very beneficial for your career.
You cannot simply choose one of these two programs over the other based on their various aspects. You need to look at your goals and motives first and then choose the program that suits your interests the best. For instance, if you are based in Thane, Maharashtra, seeking a reputable educational institution, ASM’s IMCOST in Thane can be a great option. It is one of the top-ranked B-schools in Mumbai, offering excellent quality education, with experienced faculty and strong placement opportunities. It is affiliated with the University of Mumbai and is part of the ASM educational group, fostering a healthy learning environment that encourages all-round development.
Final Thoughts
The choice between BCom and BMS ultimately boils down to personal interests and career aspirations. Evaluating your goals and motivations will help you make the best decision for a fruitful academic and professional journey.