What is a BMS Course? Is BMS A Good Career Option?
BMS, or Bachelor of Management Studies, is a 3-year course offering promising career prospects in management. It’s becoming increasingly popular, opening doors to management and administration jobs with competitive starting pay. Our comprehensive guide covers everything from eligibility and admission details to fees and the numerous benefits of choosing BMS over traditional science, arts, and commerce degrees.
In the fiercely competitive corporate world, specialized skills are vital for job suitability. BMS addresses this need by providing a strong foundation in management fundamentals during graduation. This not only prepares students for jobs but also empowers them to pursue specialized master’s courses with a solid understanding, making it a smart and strategic choice for career advancement.
Further Reading: A Guide to BMS Course: Eligibility, Admission, Fees, Benefits & More!
What Is the Need for Pursuing A BMS Degree?
In today’s cutthroat corporate landscape, possessing niche skills is non-negotiable for job suitability. BMS steps up to this challenge, offering a robust foundation in management fundamentals during the undergraduate years. This not only readies students for immediate employment but also positions them favorably for specialized master’s courses with a deeper understanding.
The corporate world demands professionally qualified graduates in the management sector who can adeptly handle tasks and administrative responsibilities. BMS ensures students learn these fundamentals early, fostering a prepared workforce that not only excels in jobs but can also seamlessly transition into specialized master’s programs with enhanced comprehension.
What Are the Scope and The Benefits of Studying BMS?
Embark on a journey where BMS exposes students to the basics of corporate culture. It emphasizes crisis analysis, strategic problem-solving, teamwork, leadership, and organizational hierarchy, making graduates highly adaptable to the corporate world. The curriculum delves deep into essential skills like target-oriented attitude, problem-solving, and promptness in work, ensuring compatibility with the fast-paced corporate environment.
The advantages of undertaking a BMS degree extend beyond exposure to corporate basics. Graduates are equipped with skills that include a deep understanding of organizational hierarchy, teamwork, target-oriented attitude, leadership, and problem-solving. These qualities, honed throughout the BMS course, make graduates highly compatible with the dynamic and demanding corporate landscape.
Here Are the Top 10 Benefits of The BMS Course:
The advantages of pursuing a BMS degree are abundant, offering graduates a competitive edge in the corporate world.
- 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.
- 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.
- Professional Course: BMS is considered to be a professional course that has a lot of importance and stands on its own. Students can start working immediately after the course.
- 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.
- 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.
- Industry Relevance: The BMS program’s curriculum is tailored to reflect current industry trends, ensuring that graduates possess the skills and knowledge sought after by employers. This enhances their employability and prepares them for the workforce.
- Leadership Development: BMS courses prioritize the development of leadership qualities, strategic thinking, and decision-making skills, preparing individuals for managerial roles and empowering them to lead teams and contribute to organizational success.
- Entrepreneurial Opportunities: The program provides students with a comprehensive understanding of business operations, nurturing an entrepreneurial mindset. Graduates can leverage their management skills to establish and manage successful businesses.
- Industry Demand: Given the constant evolution of businesses and the need for skilled professionals, there is a consistent demand for management graduates across various industries, including hospitality, healthcare, finance, and technology.
- Global Perspective: In an increasingly interconnected world, BMS programs emphasize international business and cultural understanding. This global perspective equips graduates to navigate diverse markets and thrive in multinational corporations.
Top Career Options & Job Opportunities After BMS in India
A BMS degree unlocks diverse career paths in various fields, offering graduates an array of exciting opportunities.
Here Are the Top 9 Career and Job Opportunities after the 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 organization’s 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 in the 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 act as 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 use multiple software and methods for data collection, storage, management, and analysis. You should know if the current data management systems are enough or if an upgrade or overhaul is needed. 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, there’s 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 the 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 organization. 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.
Job Title | Entry-Level Salary (LPA) | Mid-Level Salary (LPA) | Senior-Level Salary (LPA) |
Business Analyst | 3.0 – 4.5 | 6.0 – 8.0 | 10.0 – 15.0 |
Marketing Manager | 3.5 – 5.0 | 7.0 – 9.0 | 12.0 – 18.0 |
Operations Manager | 3.0 – 4.5 | 6.0 – 8.0 | 11.0 – 16.0 |
Financial Analyst | 3.5 – 5.0 | 7.0 – 9.0 | 13.0 – 20.0 |
Human Resources Manager | 3.0 – 4.5 | 6.0 – 8.0 | 10.0 – 15.0 |
Supply Chain Manager | 3.2 – 4.8 | 6.5 – 8.5 | 11.0 – 16.0 |
Project Manager | 3.5 – 5.0 | 7.0 – 9.0 | 12.0 – 18.0 |
Sales Manager | 3.2 – 4.8 | 6.5 – 8.5 | 11.0 – 16.0 |
Business Development Manager | 3.2 – 4.8 | 6.5 – 8.5 | 11.0 – 16.0 |
Risk Analyst | 3.2 – 4.8 | 6.5 – 8.5 | 11.0 – 16.0 |
Brand Manager | 3.5 – 5.0 | 7.0 – 9.0 | 12.0 – 18.0 |
Quality Assurance Manager | 3.0 – 4.5 | 6.0 – 8.0 | 11.0 – 16.0 |
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 utilize 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
2. MMS: A Master’s in Management Studies is the next step after BMS. You delve deeper into the world of management and emerge as a professional. This is a good alternative to an MBA.
3. PGDM: 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
4. MCA: 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
Final Words
In conclusion, opting for a BMS course is a strategic move for those serious about entering the management arena. The benefits are multifaceted, from a great career foundation to the flexibility of choosing any industry for employment. Unlike many undergraduate degrees, BMS offers a unique advantage in career selection and serves as an excellent stepping stone for advanced studies, ensuring a smart move for those committed to their professional growth.
With its myriad advantages, a BMS degree not only promises a fulfilling career but also acts as a solid foundation for further education. So, if you’ve chosen BMS, you’ve made a wise decision that sets the stage for a promising future in the dynamic world of management.
ASMs IMCOST Offers an All-Inclusive BMS Course
Audyogik Shikshan Mandal’s Institute of Management and Computer Studies offers a comprehensive BMS course in Mumbai. This course is introduced to develop highly skilled management professionals who are self-disciplined, technologically updated, and competent for today’s corporate culture.