Are you a BCom graduate? Do you want to unlock exciting opportunities in management and leadership and take your business knowledge to the next level? Then, opt for an MBA!
This blog will dive into pursuing an MBA after BCom, the step-by-step procedure, and list the benefits of this potential educational path. You will also understand how an MBA complements your BCom degree by the end.
Continue to read the blog, and let’s together explore what lies ahead for BCom graduates who aspire to pursue an MBA.
Overview of BCom
The Bachelor of Commerce (BCom) is a three-year undergraduate program emphasising commerce, business and related subject lines. For students who want to make a career out of finance, accounting, marketing, entrepreneurship, etc., BCom is an excellent option.
The core subjects of BCom include business law, business communication, management, business acumen, etc. After completing BCom, the graduates can explore postgraduate programmes such as Master of Commerce (MCom), Masters in Business Administration (MBA), Chartered Accountant (CA), Cost and Management Accountancy (CMA )or Certified Financial Planner (CFP).
By pursuing a BCom course at Takshashila University, you can maximise your chances of success in the business world.
Significance of Doing An MBA
Pursuing a Master of Business Administration (MBA)
- Boosts Business Knowledge: An MBA equips an individual with a broader business perspective and enables them to navigate complex business challenges by comprehensively understanding various aspects of the business.
- Advances Career Lane: An MBA opens doors to senior and high-level positions since they bestow individuals with a solid foundation in business concepts and equips them with managerial responsibilities.
The other reasons include networking opportunities, personal and professional development, global perspective, leverage of expertise, etc.
MBA after BCom offers numerous benefits, and here’s the step-by-step process for your clear understanding.
Steps to pursue an MBA after BCom
The experienced faculties of Takshahsila University suggest doing an MBA after completing BCom since it can be a rewarding educational journey in the future.
STEP 1 – Research And Self-assessment
Ensure you want to pursue an MBA program by evaluating and analysing whether your interests, career goals, and preferences align.
Assess your strengths, weaknesses, long-term career aspirations, and other factors such as program duration, specialisation offered, placement opportunities, expertise, expenses, curriculum, accreditation, etc.
STEP 2 – Eligibility Criteria
Ensure you qualify for the eligibility criteria. An MBA program usually requires completing an undergraduate degree with a minimum GPA requirement and, in some cases, work experience.
STEP 3 – Entrance Exams
Mostly, all MBA programmes require applicants to take the entrance exams, national-level, state-level or institution-level, respectively. The popular examinations are the Common Admission Test (CAT), Graduate Management Admission Test (GMAT), Graduate Management Admission Test (GMAT), etc.
Ensure you register for the entrance examination by paying the registration fee and following the instructions.
STEP 4 – Entrance Exam Preparation
You cannot crack entrance exams with just a week’s or a night’s preparation. Dedicate sufficient time by planning a timetable to cover crucial topics. Focus on the areas which require your attention and improvement.
Do as many mock tests as possible, solve previous year’s question papers, and seek help from the coaching centres or online resources. It is important to note that regular practice is the key to passing any examination.
STEP 5 – Choose The Right MBA Program
Ensure you choose a specialisation that aligns with your career goals and preferences. Remember the future requirement and opt for a demanding and rewarding MBA specialisation.
STEP 6 – Get The Documents Right
Once the entrance exam results are out, find a college and begin the admission process. You must complete the admission form online and submit certain documents for verification.
An MBA requires various documents, such as an undergraduate degree mark sheet, provisional certificate, conduct certificate, etc. If you plan to do an MBA abroad, a Letter of Recommendation (LoR), statement of purpose, a resume/CV, etc., are needed.
STEP 7 – Group Discussion And Panel Interview
As a part of the selection process, many MBA institutes conduct interviews and group discussions. This is to test candidates’ communication and other necessary skills. They also test a candidate’s knowledge of business affairs.
STEP 7 – Financial Planning
Considering the returns, an MBA program can be expensive. Planning the funds prior and considering options like scholarships is necessary. You can also take an educational loan, use personal savings, and explore other available funding sources.
Benefits of Studying An MBA After BCom
Here are the benefits of pursuing an MBA after BCom.
- Enhanced Skill Set: Though a BCom provides fundamental knowledge in business, an MBA programme equips a candidate with a broader skill set. It delves deeper into business acumen, boosts an individual’s capabilities to tackle complex business demands, and provides them with the necessary leadership skills.
- Specialisation and Expertise: MBA programmes have many specialisations that allow candidates to focus on a particular niche and gain maximum exposure. They can gain expertise in one specific field, such as finance, marketing, entrepreneurship, human resources management, etc.
- Networking Opportunities: Word of mouth works wonders in getting a job. MBA programmes help get contacts and allow interaction with alumni, faculty members, guest speakers and industry professionals. These valuable professional connections can aid in job referrals and collaboration opportunities.
- Entrepreneurship Skills: For individuals wanting to build their businesses, doing an MBA is beneficial because the curriculum provides valuable insights and skills needed to venture into a startup. It equips the candidates with entrepreneurship skills, such as business planning, financing, marketing, opportunity assessment, etc.
- Global Perspective: MBA programmes provide global exposure to candidates and prepare them for the international business environment, moulding them to handle all business-related challenges.
Since businesses operate worldwide in today’s interconnected world, doing an MBA benefits BCom graduates to advance their careers, says the faculties of Takshashila University.
- Increases Earning Potential: MBA programmes open doors to high earning possibilities. Compared to a BCom graduate, an individual who has completed an MBA tend to make more since they have specialised knowledge, managerial skills, and all the other business skills required for the job market.
Career Options For BCom Graduates After An MBA:
There are immense opportunities for BCom graduates who have completed their MBA programme. Here’re the popular career options.
- Business Manager
- Financial Analyst
- Marketing Manager
- Human Resources Manager
- Supply Chain Manager
- Management Consultant
- Business Development Manager
- Financial Consultant
- Product Manager
- Entrepreneur
Join Takshshila University For Endless Career Opportunities!
Takshashila University, known for its academic excellence, should be your one-stop education destination. Sprawled across 150+ acres of land, the university offers undergraduate degrees to doctoral programmes.
It is one of Tamil Nadu’s premier universities that began with the purpose of creating change-makers and aspires to nurture and develop tomorrow’s leaders!
Takshashila is the ideal starting point for your fantastic future, with 60+ degree courses (UG+ PG+ PhDs), 10+ industry tie-ups, and 100% campus placements. It also provides 100% scholarships to students who excel academically and athletically.
So, enrol in an MBA or a BCom programme at Takshashila University and take the first step towards a prosperous future.
Conclusion
If you want to advance your career in the business and management field, doing an MBA after a BCom degree can be advantageous. Moreover, in the job market, employers value candidates with a solid combination of fundamental knowledge of commerce and advanced business knowledge and skills an MBA offers.
When the BCom course lays a foundation in commerce-related subjects, the MBA programme provides a comprehensive understanding of business administration, paving the way to expand your knowledge in finance, marketing, human resources, operations, strategy, etc.
FAQs
1). Is MBA or MCom better?
Graduates with knowledge of Commerce and related subjects can opt for M.Com, while those who want to explore the business world and broader specialisations can opt for an MBA. Choosing an MBA and MCom depends on an individual’s career aspirations and interests.
2). Which MBA degree is best after a BCom?
Since BCom graduates have a foundation in finance, marketing, economics, accounting and business planning, pursuing an MBA in Finance, Marketing, Human Resources, Operations Management, International Business, etc., is considered the best.
3). What are the eligibility criteria for an MBA?
A bachelor’s degree from a recognised university with a minimum percentage (differs for each institute) and the entrance exam score are the foremost requirement for an MBA admission.
4). What are the entrance exams required to pursue MBA in India?
The national-level entrance exams for an MBA degree are Common Admission Test (CAT), Graduate Management Admission Test (GMAT), Common Management Admission Test (CMAT), Management Aptitude Test (MAT), etc. There are other state-level and institute-level entrance exams too.
5). BCom emphasis on what?
BCom emphasises commerce, business, economics, accounting, finance, marketing, supply chain management, international business, and business law.
