If you’ve successfully graduated from BMS, pat yourself on your back because you deserve it. During your studies, you have gained a foundation in various aspects of business management such as marketing, human relations, finance, business communication, and much more. Now, as the sweet and sour days of college have come to an end, it’s time to begin an adulting journey by sincerely looking for career options after BMS.
But, before we begin, keep this in mind: your journey will significantly differ from your peers. Some would choose or rather without a choice take up a job whereas others would go for higher studies. Either way, instead of following the herd, consider the resources at your hand and where your interest lies before making a big decision.
That said, let’s dive straight into the blog to learn more about some of the best academic and job options that you have after completing a Bachelor of Management Studies (BMS)!
7 Career-Accelerating Courses To Pursue After BMS
For those of you who want to excel in your career with high qualifications and state-of-the-art skills, the following courses are for you. Stay tuned!
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Masters in Management Studies
One of the obvious paths that a lot of students take after completing their BMS is to enrol for the Masters in Management Studies, a PG course of 2 years to enhance their understanding of the subject. However, a lot of fresh graduates seem to mistake it for an MBA. The key difference between the two lies in the area of specialisation. MMS offers 5 key areas of specialisation; Finance, Marketing, Human Resources, Information Systems, and Operations whereas MBA offers an awful lot of options to choose specialisation from and is way more comprehensive.
To pursue an MMS, you would need to complete the BMS with a minimum 50% score and take entrance exams. Your percentile in entrance exams such as MH CET, CAT, XAT, etc will be taken into consideration for admission to B-schools. On completion, you could expect to find jobs in MNCs, Ad Agencies, Educational Institutes, NGOs, etc as an HR associate, financial service analyst, marketing executive and so forth.
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ACCA Certification
The Association for Chartered Certified Accountants is one of the oldest and most reputed organisations involved in honing the skills and knowledge of students in the accounting domain to make them ready for any account and auditing role.
But, you might be wondering, how is ACCA different from CA? Well, the answer lies in the success rate and liberty to practise. The success rate of CA stands at a meagre 8-10% whereas the same of ACCA is around 55-60% globally. Moreover, since the syllabus of the CA examination primarily focuses on the Indian taxation and accounting system, it may not be helpful if you aspire to work abroad. Here, ACCA will be of immense help. You can even do ACCA after CA.
With ACCA Certification, you can work in any of the signatory countries or even set up your practice apart from India. A BMS graduate would have to clear 9 examinations with 4 exemptions to be ACCA Certified.
If you’re looking for a trustworthy course to help get ACCA Certified, check out IMS Proschool’s ACCA Course. You won’t regret it!
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Digital Marketing
By the end of 2024, the digital advertising industry is expected to cross the $5 billion mark. This shows that businesses across the globe are stepping into the digital world to achieve new levels of success. As a result, a lot of sub-fields have sprouted within the broad umbrella of digital marketing. Today, Search Engine Optimisation (SEO), Social Media Marketing (SMM), Search Engine Marketing (SEM), Affiliate Marketing, Influencer Marketing, Content Marketing, and so forth have gained a lot of traction.
With your foundation in BMS, you can easily learn the various aspects of digital marketing and choose a specialisation as per your interest. From content/copywriting to web analytics, and technical SEO, there’s something for everyone in digital marketing.
If a career in digital marketing sounds intriguing to you, you might want to check out IMS Proschool’s Digital Marketing Course. With expert faculty, a comprehensive syllabus, hands-on learning experience and the liberty to choose between online and offline classes, the course is designed to make you ready for a job within 3 months! Hurry up as new batches start every month!
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MBA
A Master’s in Business Administration is one of the most preferred courses of graduates of BMS. It is designed to hone their entrepreneurial and managerial skills and make them fit for working at managerial level positions in MNCs, educational institutes, government undertakings, and non-profits. An MBA graduate depending upon their area of specialisation can work as an HR manager, Marketing manager, Sales manager, IT manager, Financial analyst, Investment banker, and so forth.
Although the average salary of an MBA graduate would depend upon various factors including skill set and prior work experience, s/he can safely expect to earn between 6 LPA to 23 LPA. At times, it can be over 25 LPA too.
The best part is MBA offers a lot of flexibility to students. You can do a full-time MBA, part-time MBA, online MBA, distance MBA, executive MBA for working professionals and more. Of course, the traditional full-time MBA is the most preferred of all.
Again to enrol for an MBA degree, you would need to pass BMS with a minimum of 50% and clear the entrance exams such as CAT, MH CET, XAT, etc depending upon the B-school you want to pursue your studies from. Moreover, your admission would also depend on group discussion and personal interviews.
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Master of Computer Application
Although BCA graduates are traditionally assumed to be eligible for MCA, this is not always the case. BMS students with a sound foundation in Mathematics can also enrol for this course. However, you would still need to take entrance exams such as MAH-MCA-CET, PERA, GATE, NIMCET, PGCET, etc depending upon the educational institute you want to pursue your studies from.
The Master’s in Computer Application course equips students with skills and knowledge to develop computer applications along with a focus on web designing, ethical hacking, business analytics, and more. Upon completion, students can work in various sectors such as banking, digital marketing, IT and software development companies, and more.
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PGCM in Data Analytics
If data analytics interests you, a postgraduate certificate in management (data analytics) can be your stepping stone. IMS Proschool’s PGCM in Data Analytics shatters the traditional 2-year PG course design and allows you to learn the core subjects within a year and step into the job market the next year. After gaining the necessary work experience and industry skills, you can come back to complete the second year within the next 5 years. Sounds interesting? Check it out today!
The best part is it is AICTE-approved and all you need to enrol for this course is a UG degree. Moreover, to sit for the AIMA PG exam, you must have passed BMS before taking the exam and with 50% or more.
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Chartered Financial Analyst
If you are planning to make a career in finance or investment, this course is for you. The CFA is a globally recognised credential for anyone willing to work in the financial management and investment sectors. In India, the CFA institute has partnered with reputed educational institutes and service providers to hone the skills of budding investment management professionals and allow them to clear all three levels of CFA exams.
Upon clearing the 3 exams, candidates can step into banking, corporate or financial services, or even start their independent practice from any part of the globe.
If you see yourself working as an investment management professional, IMS Proschool’s CFA course can make your dream come true. With top-notch faculty, an active learning experience, a customised learning plan and exam pass commitment, the course is designed for your success. Don’t forget to check it out as new batches begin every month!
Job Options After BMS
That brings us to the next segment, job opportunities after BMS. Remember, that most of the job options mentioned below are synced with the academic courses of the above. For instance, an MBA could work as an HR Associate or a Marketing associate, ACCA-certified individuals can work as investment advisors/financial planners, and so forth.
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Data Analyst
As per Indeed, the average salary of a data analyst in India is 6 LPA.
If you have excellent problem-solving and analytical skills along with a strong grasp of maths, a career as a data analyst would be the most fulfilling for you. With the mammoth data created every minute, businesses are on a constant lookout for efficient data analysts who can help them make strong business decisions backed by adequate research and data.
And yes, you do not need to have a background in engineering to succeed in this field. If you have the above-mentioned skills along with a zeal for learning, you can take a course in data analytics like IMS Proschool’s PGCM in Data Analytics and kick-start your career as a data analyst!
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HR Associate
As per AmbitionBox, the average salary of an HR Associate in India is 3.7 LPA.
If you have excellent communication skills along with a knack for details and accuracy, a career in human resource management would be fulfilling. As an HR associate, your job would consist of manning the various departments of an organisation by collecting resumes, conducting interviews and ensuring a smooth hiring process.
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Financial Associate
As per AmbitionBox, the average salary of a financial associate in India is 4.7 LPA.
If you’re interested in finance, you can select the subject in the second year itself of your BMS degree. Post graduation, you can apply for opportunities related to finance assistant wherein you’ll be responsible for data entry, processing and managing invoices, purchase orders and expense reports with due diligence. As you gather work experience, you can hone your accounting and financing skills and look for better opportunities as a financial associate.
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Marketing Associate
As per AmbitionBox, the average salary of a Marketing Associate in India is 5.1 LPA.
With advertisements considered a long-term investment in building brand image, the demand for highly skilled marketing associates is ever-increasing. Since you’ve got a strong foothold in marketing with your BMS degree, you can now pursue either an MBA in Media and Marketing or take up a course like IMS Proschool’s Digital Marketing Course to hone your marketing skills and get hands-on learning experience.
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Customer Relationship Executive
As per AmbitionBox, the average salary of a customer relationship executive in India is 2.6 LPA.
A BMS degree with its focus on finance, business economics, marketing, and public relations has equipped you with the necessary knowledge to manage clients in real-world scenarios. You can use this information for a business’s benefit by developing effective strategies to maintain meaningful relations with the customers and ensure a positive consumer experience.
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Business Development Associate
As per AmbitionBox, the average salary of a Business Development Associate is 6.1 LPA.
With your BMS degree by your side, you can learn a few skills like operating MS Office, and CRM tools and will be well on your way to work as a business development associate. However, don’t forget that communication skills, both written and oral, are essential to succeed in any career. As a business development associate, you would be responsible for helping the company to grow by planning out growth strategies, and implementing and reviewing them.
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Investment Advisor/Financial Planner
As per AmbitionBox, the average salary of a Financial Planner in India is 3.9 LPA.
Being a financial planner, you would be responsible for advising or managing the expenses of your company on matters such as savings, investments, and taxation and helping them to achieve their financial goals. All you would need to step into this role is your BMS degree with a major in finance, or business economics, law, taxation, and so forth. However, a CFA charter holder or an ACCA-certified individual can find additional success in this field.
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Business Consultant
As per AmbitionBox, the average salary of a Business Consultant in India is 13.9 LPA.
A lot of BMS graduates find success in business consultancy. With your foundational training in various aspects of business management such as IT, HR, Marketing, media and communication, you can step into business consultancy and advise businesses to improve their products and operations to achieve higher success. Further, pursuing an MBA will improve your chances of getting better employment opportunities.
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Chartered Financial Analyst
As reported by Mint in 2023, an average level 1 CFA charter holder earns between 9.8 to 44 LPA in India.
A CFA charter holder can work as a portfolio manager, investment banker, financial advisor, accountant and auditor, data analyst, researcher and so forth, all well-paying jobs. Moreover, if you ever aspire to start your practice, prior experience working as a CFA of good companies will immensely help you in bagging quality clients.
Should I go for further studies or do a job after BMS?
This is a tricky question and there’s no hard and fast rule to answer it. But, before thinking on the extremes, can we for a moment consider this:
Maybe you take up a job after completing your BMS and as you gain better exposure to the market you decide whether to go for further studies (and if that’s so, where does your interest lie?) or continue what you’re doing.
How does that sound?
Again, there’s no harm in straightway going for a postgraduate degree. Just remember, as we said earlier, do not follow the herd, whatever you decide back it by sound reasoning and stand by your decision.
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