Sounak Banerjee Associate Content Manager
Associate Content Manager
MBA is the most employable postgraduate degree in the world. According to Statista, the employability of an MBA is 55.09% in 2022 which has risen from 36% in 2019. Since MBA has been a major source of high-income jobs various BCom graduates go for it when they realize that just a BCom degree will have very limited scope for them. BCom like any other undergraduate degree is mostly theory based which does not prepare students for the corporate world.
When going for further education after BCom, apart from MBA there are various other Certificate Professional courses like CMA, CFA, Company Secretary or Chartered Accountancy which are highly rewarding. There is a difference between MBA and Professional certificate courses, although they both are highly rewarding. The difference lies in the fact that an MBA is only a 2 year PG Degree course and the chance of getting a good placement is far higher than in Commerce and Finance courses.
BCom students will find many common subjects while studying MBA which will help them get good marks in the first year of the MBA course. MBA can be done after any bachelor's degree course and not only BCom.
Why Study MBA after BCom?
- Specializations in Sync with Commerce: Students will find various specializations to choose from in MBA. MBA Finance is the most popular course for commerce students if they do not want to change their field.
- Learning for Leadership Roles: MBA prepares students to take on leadership roles. Individuals with a basic understanding of commerce, finance and accountancy will excel a lot after knowing the nuances of management.
- Hands-on Industry Experience: MBA students have internships at the end of the first year. Apart from this, they also have various projects which help them understand the workings of the industry.
- Entrepreneur Skills: MBA provides knowledge about running a business or corporation. Students can use this knowledge and skills to run their own business ventures.
- Similar Curriculum: There are many similar subjects between BCom and MBA. Macroeconomics, Business Environment, Computer Applications, E-Commerce, International Business, HR Management are some of the subjects that are present in both BCom and MBA.
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Admission Steps for MBA after BCom
The Admission process for any course starts with qualifying with eligible criteria. When a student fulfills the eligibility criteria then only the rest of the process matters.
- Candidates must complete a graduation degree (10+2+3) from a recognized university with a minimum 50% score or equivalent CGPA score. Here, the MBA after BCom will take BCom as a necessary graduation degree.
- For reserved category students, the condition for minimum percentage decreases by 5% so they need to pass the graduation with at least 45%. Check: MBA Skills
- Students who are in the final year of BCom can also apply for the MBA, but they need to submit the course completion proof at the time of admission or within the period specified by the institute.
- National-level entrance tests are conducted by a national body or a renowned business school for the participants’ colleges. CAT, ATMA, MAT are some of the popular national-level tests.
- Students need to appear for the state-level Common Entrance Test (CET) or institutional-level CETs for seeking admission to an MBA course.
- MH-CET, OJEE, KMAT, TANCET are some of the state-level entrance tests for MBA admissions.
- Some top B-Schools conduct their own entrance tests like IIFT, IBSAT, and NMAT. The scores obtained in these entrance tests are considered for admission.
- After qualifying for the criteria in entrance tests, students need to prepare for the Group discussion (GD) and Personal Interview (PI) round.
- Some top B-Schools conduct Written Ability Tests (WAT) also.
- Students qualifying in all these stages are admitted to the MBA course.
| College Name | Entrance Test Name | Selection Process |
|---|---|---|
| IIM Indore | CAT | WAT and PI |
| IIM Bangalore | CAT | WAT and PI |
| IIFT | IIFT Entrance test for MBA | GD/WAT and PI |
| NMIMS | NMAT | GD/WAT and PI |
| IIM Ahmedabad | CAT | WAT and PI |
| SIBM | SNAP | GD and PI |
Check: MBA Entrance Exams in India
MBA after BCom: Top Colleges in India
| Top Colleges | Fees |
|---|---|
| IIM Ahemdabad | INR 2,300,000 |
| IIM Bangalore | INR 2,300,000 |
| IIM Lucknow | INR 19,25,000 |
| IIM Indore | INR 8,10,000 |
| SJMSOM IIT Mumbai | INR 9,76,000 |
| IIM Raipur | INR 7,27,600 |
| Jain University, Bangalore | INR 2,57,800 |
| Symbiosis Center for management and HR development | INR 18,08,000 |
| Amity Global Business School | INR 4,00,000 for 1st year |
MBA after BCom: Entrance Exams in India
| Entrance Exam | Registration Date | Exam Date |
|---|---|---|
| CAT | Check Here | Check Here |
| MAT | Check Here | Check Here |
| SNAP | Check Here | Check Here |
| MAH CET | Check Here | Check Here |
| XAT | Check Here | Check Here |
MBA after BCom Abroad
Students prefer to pursue MBA from foreign universities. There are many universities that offer renowned courses. Though it is a little costly affair, many students wish to pursue it.
| College/University Name | Fees (USD) | Location |
|---|---|---|
| Harvard Business School | 73,440 | Boston |
| Stanford Graduate School of Business | 74,706 | California |
| Wharton School of Business | 81,378 | Pennsylvania |
MBA after BCom Syllabus
MBA students come across various subjects. Apart from core subjects like marketing, economics, and communication, they are exposed to other subjects also. The entire course is divided into 4 semesters. Look at the syllabus for 4 semesters:
| Semester I | Semester II |
|---|---|
| Business communication | Management Science |
| IT management | Marketing Research |
| Financial Accounting | Operation Management |
| Organizational Behavior | Management Accounting |
| Marketing Management | Financial Management |
| Managerial Economics | Organization Effectiveness and Change |
| HR Management | Economic Environment of business |
| Quantitative Methods | Management of Information System |
| Semester III | Semester IV |
| Strategic Analysis | International Business Environment |
| Legal Environment of Business | Project study |
| Business Ethics | Strategic Management |
| Optional subject-1 | Optional Subject-1 |
MBA after BCom Salary
The main reason candidates pursue the MBA course is to improve their job prospects. The MBA course promises a hefty salary package for the aspirants. The wide range of MBA specialization allows a B.Com candidate to pursue different job opportunities according to their preferred profiles.
MBA after BCom students get wide exposure as they have better knowledge about administration and other important aspects required to drive a business. There are various sectors like finance, investment banking, assets management, merchant banking, HR, etc. Look at the various job profiles, one can apply for after completing the MBA after BCom.
Look at the various job profiles along with the salary range in the below table:
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Account Manager | They maintain Long term relationships with clients and serve as the point of contact between clients and businesses. They try to drive up sales from existing clients. | INR 587,000 |
| Business Development Manager | They try to generate leads for the business by building relationships with prospective clients. They Conduct research on various trends to find newer business opportunities. | INR 597,000 |
| Sales Manager | They implement sales and advertising strategies for the different business units. They fix the sales volume, price and product mix. | INR 496,000 |
| Human Resource Manager | They plan and develop strategies that help in maintaining the human resource of the organization. They conduct interviews and onboarding processes for new recruits. | INR 698,000 |
| Operation Manager | They are tasked with maintaining the overall operations of the company. They are also in charge of production and overall quality assurance, | INR 766,000 |
| Management Consultants | They facilitate the discussion with the clients and provide suggestions to the client regarding the improvement of the business. | INR 11,67,000 |
| Employee Relations Manager | They fill up the gap between the employer and employee and act as a correspondence between the two. They listen to the complaints and grievances of the employees and try to settle the dispute between the employer and the employee. | INR 720,000 |
| Market Research Analyst | The fundamental objective of a Market Research Analyst is to enable the organization's benefits to develop after some time by utilizing accessible information. They break down meetings, gather forthcoming purchaser information utilizing studies, and remember significant measurements for the last report for their customers or supervisory crew. | INR 335,700 |
| Finance Manager | They interpret financial statements and reports. They maintain the budget of the company and develop financial models of the proposed business plan. They are in charge of handling a team of accounts or people working in the finance department of the company | INR 995,000 |
MBA After BCom Courses: FAQs
Ques. Can a commerce student do an MBA?
Ans. Yes. Commerce graduates can enroll for MBA easily. Perhaps they get more weightage as they have knowledge about finance, administration than science students.
Ques. Do MBA after BCom has striking exposure?
Ans. Yes. There are various job profiles in the various sectors like E-commerce, finance, the hot combination of these two fields can get you an easy job in leading companies.
Ques. What procedure do I need to follow to do MBA after BCom?
Ans. A BCom graduate can enroll for MBA after completion of the graduation or if he/she is in the final year of BCom. Then, he/she need to appear for the entrance test.
Ques. What is the duration of an MBA after BCom?
Ans. MBA course is of 2 years duration.
Ques. What should I opt for CA or MBA after BCom?
Ans. Well, this depends upon your interest. If you are more interested in accounts, cash flow then you can opt for CA and you are more into administration then MBA is a good choice for you.
Ques. Can I get a job overseas after completing MBA – BCom in India?
Ans.: Yes, many students along with bright educational backgrounds and soft skills get a chance to work abroad.
Ques. What is the average salary drawn after MBA?
Ans. The average salary drawn depends upon your skills, experience, and educational background. One can draw on average 12-15 Lakhs after completing MBA from top B-Schools.
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