Top 9 Reasons to do MBA after B.Com | Scope of MBA After B.Com
Bachelor of Commerce (B.Com.) is one of the oldest degrees offered by colleges in India. And it is one of the most sought-after undergraduate courses in the field of commerce. After completing B.Com you can choose from a wide range of professions and graduate programs.
TOP 9 REASONS TO DO MBA AFTER B.COM
- LEARNING GALORE: A B.Com degree provides you with the basic knowledge of business planning, economics, finance, marketing, accountancy, among many other related subjects. An understanding of these topics prepares you for jobs in different fields such as advertising, law, banking and insurance, accounting, etc. Now, if you have studied commerce at the undergraduate level, it becomes easy for you to grasp the MBA curriculum.
An MBA is meant to teach you how you can apply business and management principles in your chosen career. The pedagogy is thoughtfully balanced to equip students with analytical and decision-making skills. And innovative methods of teaching are adopted to strengthen their business acumen. If you are unsure about entering the workforce directly after your graduation, pursuing an MBA can give you some time to explore your options and gain more self-confidence.
- ATTAINING SPECIALIZATIONS: Some B.Com programs may have the option of specializing in costing, taxation, marketing, computers, etc. But most of the time, it is a generalist degree in commerce and business. If you are interested in a specific profession or industry and your B.Com education did not have a specialist track; an MBA can provide you with a more targeted experience.
- TAKING A LEADERSHIP ROLE: An MBA is a highly credible and recognized qualification with industry-wide acceptability. Many employers exclusively hire MBA grads for leadership and managerial roles. Recruiters consider the completion of an advanced business administration degree from a leading institution as proof of the candidate’s knowledge and competencies.
- BUILDING YOUR MANAGERIAL ACUMEN: An MBA helps you refine your technical, conceptual, interpersonal, and decision-making skills, which have applicability in almost every career field. Whether you want to work as a manager in a corporate organization, earn a promotion in your current job, or venture out to start your own business, you will have to make use of your problem-solving and strategic planning prowess.
- EARNING A HIGHER SALARY: An MBA degree increases your expected earnings to a great extent. If you enter the job market with just B.Com. qualification you may not receive very attractive starting salaries. But you can boost your expected compensation with a master’s level education, and also negotiate for a much higher pay grade. In recent years, the average base income of B-school graduates has seen a rising trend globally as more and more companies plan to hire MBA talent.
- EXPERIENTIAL LEARNING OPPORTUNITIES: While your undergraduate commerce degree familiarizes you with the foundational concepts, an MBA intends to augment its application. As a management student, you have to undertake several projects that require you to research and analyze industry developments. Such exercises increase the relevance of the theoretical ideas that improve their retention. Additionally, internships allow you to gain practical exposure to how things work in the business and corporate ecosystem.
- FOCUSING ON A CAREER PATH: A Bachelor of Commerce gives you the fundamental business perspective to enhance your chances of getting a job in the public, private, or non-profit sectors. Moreover, multiple areas and job positions are open to a commerce graduate upon earning the degree. You can go on to work in banking and insurance, media, retail, technology, or the consumer durable industry.
- DIFFERENTIATING YOURSELF FROM THE CROWD: In today’s highly competitive job market, it is easy for prospective employers to overlook your job application. The right academic qualifications and credentials help you grab the recruiters’ attention. Various job positions list MBA as a minimum educational requirement. Many others prefer MBA talent for leading cross-functional teams and for consulting assignments. Therefore, your effort should be to create an impressive profile that conveys your suitability for the job at hand.
- ACQUIRING TOOLS TO START A BUSINESS: If you want to start your own business, beginning right after B.Com can feel intimidating. You may wish to gain more learning and experience before you set out on your entrepreneurial journey. And an MBA program can offer a suitable environment to explore while acquiring and developing new proficiencies. In this manner, it can boost your confidence, and also build your professional network – something that goes a long way in the business world.
OVERALL PERSONALITY DEVELOPMENT
Since MBA programs are carefully designed to suit industry needs, B-schools organize workshops on the in-demand job skills. Some popular classes include project management, portfolio management, business analytics, financial modeling, effective communication, Microsoft Excel, etc. Besides improving your technical know-how, you also get various opportunities to interact with people from diverse backgrounds, and hence, learn how to work well in teams and collaborate with others.
From equipping you with a better understanding of the business landscape to aiding your personal and professional growth, an MBA has many advantages. But it also has various financial and non-financial costs associated with it that you should not neglect. Postgraduate business and management programs require considerable investment in terms of time, hard work, and money. We hope that you can make a prudent choice, now that we have explained why MBA after B.Com would be a worthwhile investment.
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