Is BMS A Good Career Option?
BMS (Bachelor of Management Studies) is a course that can be undertaken at an undergraduate level for a promising career in the field of management. This is a 3-year duration course that can be completed at a college or through distance learning. BMS is fast gaining popularity as many students are looking at other professional courses over the usual science, arts, and commerce.
Another reason for the BMS courses popularity is that it is a good course for starting a career. It is a professional course that has a lot of value in the professional world and BMS degree holders find good jobs right after college. The degree gives you an opportunity to pursue a career in the industry of your choice. These jobs are in management and administration, so the start pay is better than other bachelor degree holders. The BMS degree is definitely a good career option.
What Is The Need Of Pursuing A BMS Degree?
Today, the corporate world is buzzing with cut-throat competition and anyone who has no niche skills is not deemed suitable for the job. This competition calls for professionally qualified graduates in the management sector who can take up the tasks and responsibilities of administrative jobs.
The BMS degree is essential to make students learn the fundamentals of management at the graduation level itself. This way, the students will not only be prepared well for jobs but they will also be able to take specialised masters courses with better understanding.
What Are The Scope And The Benefits Of Studying BMS?
The first and foremost advantage of undertaking a BMS degree is that the students are exposed to the basics of the corporate culture. They are taught to analyse and understand the root cause of any crisis and to strategically solve the issue by making use of the available infrastructure.
The students are also made to understand the importance of organizational hierarchy, teamwork, target-oriented attitude, leadership, problem-solving skills, and promptness in work in the BMS course. This makes them highly compatible with the corporate world.
Here Are Top 5 Benefits Of The BMS Course:
1. Versatility –
In a BMS course, students are taught to be versatile. They learn about everything involved in running a company and are given a deep understanding of all departments.
2. An Alternative To BBA –
The BMS course is a great alternative to the Bachelor of Business Administration (BBA) degree. The education and opportunities of both degrees are the same.
3. Professional Course –
BMS is considered to be a professional course that has a lot of importance and standing on its own. Students can start working immediately after the course.
4. Better Salaries –
Since this degree will get you a job on the management side of an organisation, you can expect a good starting salary. During the course, you will also be taught how to negotiate for a better salary.
5. Further Studies –
With a BMS degree, you can easily get admission into a good MBA course. Plus, BMS degree holders will do a lot better in an MBA than students from other streams.
Job Opportunities After BMS In India
By graduating in management studies from a reputed institute, you can develop a career in the following fields:
Here Are Top 9 Career & Job Opportunities after BMS Course:
1. Administration And Operations
In this field, you will have to look into the administration of a company and its daily operations. You have to ensure that everything is in smooth running order, and also have to look for ways to improve on current administrative and operational capabilities. This is an important management position, and you will be reporting to senior management. You will be responsible for many of the employees, and ensure everyone’s departments are performing at their optimal best.
2. Project Management (Executive Level)
Executive-level projects are the backbone of any organisation. These projects are at this level because they are important for the organizations business. A lot is riding on such projects. You, as a part of the project management, have to ensure the projects are completed on time successfully. You have to manage everyone involved as a team, and be a good leader. You also have to prepare reports regarding the project for review by senior management.
3. Enterprise Management
When a company has large-scale operations with employees in the thousands and revenue is millions, then that company is an enterprise. Managing the day-to-day functionalities of an enterprise through ERP (Enterprise Resource Planning) is the main task in enterprise management.
4. Human Resource Management and Development
The HR department is one of the most important departments in an organisation. As an HR, your role would be to ensure that you hire talented employees for the company, and ensure all the existing employees are happy. You also have to solve any professional grievances of the employees and have to be the communication bridge between the employees and the higher management. This is quite a responsible department as they ensure the whole company is working smoothly.
5. Customer Management
One of the most difficult yet important departments to work in is the customer management department. As someone in a managerial position, your main job would be to help get new customers, keep the existing customers happy, and keep the people working in the department happy and working as a team. Customer retention is so important because most of the business comes from existing customers. Therefore, this is one of the main roles of management in the customer management department.
6. Data Management and Systems Analysis
Positions in this department require you to have technical knowledge as well. Data management is the next big thing, and you need to adept at using multiple software and methods for data collection, storage, management, and analysis. You should know if the current data management systems are enough or is there a need to upgrade or overhaul. You also need to be able to understand the data and prepare reports based on that data. Your reports provide management insight to make important decisions.
7. Sales And Marketing
Most of the profits are brought in by the sales and marketing departments. As a manager in sales, you will have to manage the people, ensure they are motivated and keep increasing their sales numbers. In the marketing department, you will have to manage the employees, create brand awareness by rightly marketing the product and services, and create marketing strategies that will help increase sales.
8. Financial Management
In financial management, there are many different kinds of roles and responsibilities. You can be a part of the accounting and finance department of a company and manage the money. In some companies, the finance department is about investing and trading in assets. You can become an advisor and advise on investment to the customers of your company. You can also be an independent financial advisor and earn a lot of money.
9. Communications Management
In a company, theres internal and external communication. This is mostly managed by the communications department. In this department, you will have to manage the outgoing communication that happens to customers, associates, partner companies, and general public. It also applies to communication regarding our products and services. Regarding internal communication, this department has to manage inter-departmental communication, employee communication, and communication between staff and management.
Further Reading Top 5 Career Options After BMS
Salary Scale For BMS Course
As mentioned before, BMS is a professional management course that will get you into the management of an organisation. Therefore, you can expect a good salary throughout your career, along with benefits, and opportunities to grow. The starting salary may not be high, but with time and experience, it will grow to a respectable number. Currently, the scale for BMS graduates is INR 3 lakhs to 8 lakhs. Of course, this is subject to the industry and company you find work in.
After BMS Which Course Is Better?
Many students like to study further after graduation. This further increases their knowledge and employability. Students with master’s and postgraduate degrees and diplomas get better career opportunities. You can choose to continue with the specialization you chose in BMS, or even change and pursue something else altogether.
There are many courses that one can pursue after a BMS. These courses are courses where you can utilise your knowledge and education gained in a BMS.
1. MBA –
This is the obvious choice after BMS. Many students choose to do an MBA in the specialisation subject they had chosen in BMS.
Further Reading All You Need To Know About MBA
– Masters in Management Studies is the next step after BMS. You delve deeper into the world of management and emerge a professional. This is a good alternative to an MBA.
– A PGDM is just like an MBA. Some companies even prefer PGDM holders over other postgraduate degree holders. In PGDM, you also get the opportunity to do dual specialisations.
Further Reading Everything You Need To Know About PGDM
– The Master of Computer Application is an excellent course after BMS. However, you should be good at computer programming and languages.
Further Reading A Guide to MCA Course Eligibility, Admissions, Benefits & More
The BMS course is one of the best courses to do if you are serious about getting into management. There are many benefits, the most important being that you will be set to have a great career. You also have the luxury of choosing any industry you want to work in, which is not there with many undergraduate degrees. BMS is also an excellent degree to have if you want to study further for an even better career. So, if you have decided on doing BMS, you have made a smart move.
ASMs IMCOST Offers An All-Inclusive BMS Course:
Audyogik Shikshan Mandals Institute of Management and Computer Studies offers a comprehensive BMS course in Mumbai. This course is introduced in order to develop highly skilled management professionals who are self-disciplined, technologically updated, and competent for todays corporate culture.