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With the growth in multinational brands and corporations, new challenges are emerging every day. The business industry demands adequate skilled professionals to find solutions to these business issues. A degree programme in Business Administration i.e., MBA helps to find solutions to such challenges. But before you embark upon this journey, you must hold a Bachelor’s degree. Now the question arises, which bachelor’s degree goes the best with an MBA? Well, to answer that, you should know that the MBA course does not have any discipline-specific requirements. But, an MBA (Master of Business Administration) is a great choice for a B.Com graduate.
Students who want to go for the Commerce domain usually go for the B.Com degree. After graduating, students look for jobs in the fields of banking, accounting, taxation, etc. But a B.Com degree alone cannot help in career growth so graduates prepare for CA, CS, etc. Since B.Com is a theory-based course, students don’t get practical experience. As a result, they end up in a job where the payscale and exposure are less or they remain unemployed. There comes a peak point where the students feel stuck and they go for MBA to boost their careers. According to India Skills Report 2021-2022, the employability percentage for an MBA is 55.09%.
Bachelor of Commerce (B.Com) is one of the oldest degree programmes offered in Indian colleges. It is considered a sought-after course in the field of commerce. After one graduates with B.Com, there is a wide range of postgraduate programmes and professions that she/ he can opt for. So, why pursue MBA after B.Com when you have a plethora of options to choose from? Well, we have just the right answer for you. This article deals with how an MBA is beneficial for a B.Com graduate.
Also Read: B.Com (Bachelor in Commerce) course
5 Reasons to do MBA after B.Com
The demand for skilled professionals is increasing with the increase in corporate sectors. An MBA professional is needed to find solutions to different problems faced by a business. The MBA course does not ask for a B.Com degree, but it is seen that most B.Com graduates opt for this course as it opens a wide range of opportunities. Let us move on to the 5 reasons why a candidate should do MBA after B.Com.
1. Easy to Grasp Curriculum
A Bachelor in Commerce degree offers basic knowledge of economics, business planning, marketing, finance, accounting and many similar subjects. Being acquainted with these subjects prepares you to pursue different jobs in various fields like banking, law, insurance, accounting, advertising, etc. You can choose a graduate programme from a number of options present for a B.Com graduate but, doing an MBA would be a great option. Why? Because the curriculum of MBA is created in a way that it becomes easy for a B.Com graduate to grasp. An MBA curriculum is prepared in a way to teach students how to apply management and business principles in their field of work. The MBA graduates are given the education to equip with analytical and decision-making skills.
Here we have mentioned the syllabus of B.Com alongside the topics included in different MBA specialisations. You can see how the topics that are included in the B.Com syllabus are elaborated and give an in-depth knowledge of MBA.
Topics Taught in B.Com
Topics Taught in MBA
Financial Analysis and Reporting
Calculus for Business
Principles of Marketing
Time Value of Money
Personal Selling and Salesmanship
New Venture Planning
Financial Markets and Institutions
Human Resource Management
2. Wide Variety of Specialisation
You may get options for specialisation during your bachelor’s in Commerce degree. Some of them are Taxation, Marketing, Computers, etc. But, most of the time, there is a general degree i.e., B.Com (General) that provides knowledge in Commerce and Business. So, If you want to pursue education based on a specific industry or profession and you feel that B.Com did not offer you a specialist track, then choosing an MBA would be the best option for you. Students who want to go to a different profession or industry can choose to enhance their career by doing an MBA. The MBA programme offers a wide variety of specializations starting from Finance to Marketing to HR to International Business to Logistics and Supply Chain Management.
There are other MBA programmes that specifically focus on new industries and domains such as IT/Systems, Corporate Social Responsibility, Luxury Brand Management, Hotel Management, Operations Management, Supply Chain, etc. The interesting thing about the MBA programme is that you will never run out of options for specializations. In fact, the chances of you getting confused as to which specialisations you should choose are relatively high.
3. Building Leadership and Managerial Acumen
An MBA is a recognised and highly credible degree that comes with industry-wise acceptability. There are many employers that exclusively hire MBA graduates for managerial and leadership roles. According to the GMAC (Graduate Management Admission Council), corporate recruiters signal high demand for Business School graduates from across the world. Candidates who have completed an advanced business administration degree from leading B-Schools are considered knowledgeable and competent by the recruiters. This is one of the many reasons why an MBA is good to pursue after a B.Com.
The MBA degree helps to improve the conceptual, technical, decision-making and interpersonal skills of an individual that are essential in almost every field of work. The problem-solving and strategic planning skills will be required when a person wants to get a promotion, work as a corporate manager or start their own business enterprise. All of these are taught in a B-school’s syllabus that aims at providing candidates with the right mix of different potential that help to run a business.
4. Career Scope of MBA after B.Com
A B.Com degree provides you with a fundamental business perspective which is enhanced after you pursue an MBA. These skills are used to get jobs not only in the private sector but in the public sector or non-profit sectors as well. There are multiple employment areas and job opportunities open for a commerce graduate. Some of your vast options can be banks, retail, media, consumer durable industry and whatnot. After getting the MBA degree, graduates can work as a Marketing Manager, Entrepreneur, Human Resource Manager, Management Consultant, Recruitment Consultant, Equity Research Analyst, Account Manager and so many other job profiles.
You would be surprised to know the job opportunities you will have with your MBA degree with a commerce/ finance background. The powerful combination of these two degrees will make you differentiated from the crowd. The job market in today’s world is highly competitive. It is very easy for employers to overlook your applications for jobs. In such cases, your right academic qualification and credentials will help you grab the best offer. This will convey your suitability for the job that’s being offered.
5. High Salary
There is no doubt that one can earn a handsome salary after completing a degree in management. An MBA can increase your expected earnings to a great extent. Bagging a high package becomes easier when you have completed your PG from top B-Schools that offer great placements. Depending upon your experience, skills and the organisation you are working for, your package can go as high as 1,47,68,520 per annum. And not only this, if you have good experience and knowledge of the business world, you can start your own company. If you are someone who likes to be their own boss, then this would be the best option for you. New jobs are emerging due to industry requirements and technological advancements, as a result, MBA graduates need to live up to the fast-paced career trajectory if they want to earn a handsome salary.
Top MBA Colleges in India
Here's a list of top MBA colleges in India that you can explore. If you wish to apply to any of the colleges below, fill out our Common Application Form and our top counsellor will assist you in the admission process ensuring success.
|The ICFAI University, Jharkhand - ICFAI Ranchi||INR 90,000 Per Annum - 1.32 LPA|
|Sanskriti University, Mathura||INR 1.15 LPA|
|Dr. N.G.P Institute of Technology (NGPIT), Coimbatore||INR 1 LPA|
|Gulzar Group of Institutes (GGI), Ludhiana||INR 89,600 Per Annum|
|ASM Group of Institutes, Pune||INR 88.8 K - 6 LPA|
|Sri Mittapalli College of Engineering (SMCE), Guntur||INR 30,000 - INR 35,000 Per Annum|
|Jagannath University (JU ), Jaipur||INR 2.5 LPA|
|BM Group of Institutions (BMGI), Gurgaon||INR 85,000 Per Annum|
|The ICFAI University, Baddi||INR 80,000 Per Annum|
From equipping yourself with a deeper comprehension of the business landscape to enhancing your professional as well as personal growth, an MBA degree has many advantages. So, if you are keen to embark upon this career path in business and management, an MBA is the right choice for you.
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