BMS Vs BFM: Eligibility, Entrance Exams, Admission, Top Colleges

BMS (Bachelor of Management Studies)andBFM (Bachelor of Financial Markets)are the two popular undergraduate programs for the candidates which can be pursued after completing class 12th. Both the programs are open for candidates from any branch and applicants can choose either of the two as per their interest. BFM is best suited for the candidates who have an interest in financial-related activities and on the other hand, BMS is ideal for those who are looking for a career in finance. To know more about the differences between the two, take a look at the information below which highlights all the major differences between the two so that applicants can make an informed decision.

BMS vs BFM: Overview

Let’s have a quick look at some of the major factors for both the programs before moving further.

Why Bachelor of Management Studies (BMS)?

Bachelor of Management Studies is a three-year undergraduate degree in management. Some of the points provided below will allow the candidates to more know about the BMS program and help them know why they should go for this course:

• Candidates who are looking for a career in business and management-related field can choose this program.
• The program will provide in-depth knowledge of Human Resource Management, Finance, Marketing, Managerial Economics and Business Economics.
• Apart from this, the program will also train students for developing problem-solving skills, leadership qualities and decision-making skills.
• Candidates can start working at any organisation after completing the Bachelor of Management Studies degree.

Why Bachelor of Financial Markets (BFM)?

Bachelor of Financial Market is also a three-year undergraduate program available for the candidates who have cleared 12th from any recognized university. Applicants can go through the points listed below to know more about BFM:

• The program offers knowledge about organizing, monitoring, planning, directing and controlling the capital resources of a company/ organization in an efficient way.
• Apart from this, the program also trains students in the basics of trading and its regulation, market forces, demand and supply, the study of financial markets and other practical aspects of the financial sector.
• Candidates who are interested in managing the financial activities of an organization can also choose this program.

BMS Vs BFM: Eligibility Criteria

Candidates who have completed 12th from any discipline are eligible to get admission in both BMS as well as BFM. Candidates opting for any of the two programs will have to meet the eligibility criteria to get admission specified for the two programs. They will also have to meet the minimum percentage decided by the college. The minimum aggregate for admission will be different for different colleges.

BMS Vs BFM: Admission Process

Selection for both, BMS and 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 theBMS offering collegesorBFM offering colleges in Indiawill 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.

BMS Vs BFM: Entrance Exams

There are some colleges which conduct their own entrance exams to offer admission to the Bachelor of Financial Markets and Bachelor of Management Studies. Candidates will have to perform well in the entrance exam to get admission at any of the colleges. Some of the entrance exams for BMS admission are DU JAT, AIMA UGAT and MUCMET. BFM admissions are mostly done on the basis of the candidate's score in the qualifying exam.

Also Read:Bachelor of Business Studies Vs Business Economics (BBS Vs BBE) - Which is Better?

Top Colleges for Bachelor of Management Studies (BMS)

Some of the well-known BMS colleges are listed in the table below:

Top Colleges for Bachelor of Financial Markets(BFM)

Check out some well-known BFM colleges provided in the table below.

BMS Vs BFM: Career Scope

BMS, as well as BFM, offer a wide range of career options. Candidates can either choose to study further or even apply for a job after completing the degree. BFM open gates to finance-related jobs while candidates from BMS can apply in any domain such as marketing, operations, HR etc. They can expect to earn an average income of INR 3-5 lakh per annum in the initial stage.

Career Options Available After BMS

Candidates can find employment opportunities as listed below:

• Business Consultant
• Finance Manager
• Marketing Manager
• Human Resource Manager
• Teacher
• Market Research Analyst
• Project Manager
• Budget Analyst

Career Options Available After BFM

Some of the major career options available after BFM degree are listed below.

• Financial Controller
• Financial Advisor
• Risk Manager
• Finance Officer
• Insurance Manager
• Treasurer
• Investment Banker

Also Read:Top 10 BBA Colleges in India 2020: Entrance Exam and Fees

These were some of the major differences between BMS and BFM. If you have any doubts, you can get them cleared by asking our experts on theCollegeDekho QnA Zone. For any help with admissions, you can fill ourCommon Application Form (CAF).