Top Career Options After BMS

Last Updated On -04 Oct 2024

Carving out an equitable and triumphant career trajectory in the commerce world seems like an elusive dream in the present landscape. This is typically due to the field being saturated with a profusion of talented aspirants eagerly awaiting their chance to leave an indelible mark on the rapidly evolving industry. Nonetheless, seasoned experts assert that certain advanced educational pursuits, such as the esteemed Master of Business Administration (MBA) and its alike, wield the potential to mould the business leaders of tomorrow through their meticulously crafted curricula.

Consequently, if you find yourself a commerce graduate pondering the existential question of what are the top career options after BMS (Bachelor of Management Studies), your hunt for the answers might end now as we will be discussing the BMS degree scope or BMS career options and much more.

What is BMS?

BMS full form is Bachelor of Management Studies. The three-year undergraduate program focuses on strengthening the skills and abilities of students in business management, may it be analysis or business ventures a BMS degree prepares you for all of it. It covers core areas such as marketing, finance, human resources, operations, and economics, preparing graduates for diverse roles in the corporate world. BMS aims to develop analytical, decision-making, and leadership abilities, enabling students to navigate the dynamic business landscape effectively. As a comprehensive course covering different facets of business, BMS is the stepping stone for aspirants planning to make a prosperous career in commerce.

What are the best courses after BMS?

There are plenty of courses and career options for an aspirant after completing their BMS. The Bachelor of management studies scope includes obtaining a master’s, diploma, post-graduate, and certification programs. Here is the course list to help you know after BMS which course is better:

Certified Management Accountant (CMA):

After obtaining a BMS, the CMA credential is a valuable tool that gives professionals a broad understanding of management accounting and financial literacy. The CMA designation is analogous to adding cutting-edge instruments to one's professional toolbox. It enhances proficiency in cost management, performance assessment, and strategic decision-making. A BMS degree or its equivalent is usually required before applying for a CMA certification, which provides access to positions in management accounting, financial analysis, and strategic planning in a variety of businesses.

Duration:

Typically spanning 6 months to 2 years.

Career Opportunities:

Management accountant, financial analyst and strategic planner.

Association of Chartered Certified Accountants (ACCA):

The ACCA course opens doors to the ever-evolving field of finance and accounting after BMS, equipping individuals with the necessary skills for roles in financial management, auditing, taxation, and consultancy. Covering areas like financial accounting and taxation, the ACCA program readies candidates for diverse professional paths. With a BMS degree or its equivalent serving as a foundational requirement, ACCA certification unlocks opportunities within multinational corporations, accounting firms, and esteemed financial institutions on both domestic and international scales.

Duration:

Typically spanning 2-3 years.

Career Opportunities:

Financial analyst, auditor, tax consultant.

Chartered Accountant (CA):

Regarded as the pinnacle achievement in the accounting domain post-BMS, the CA designation signifies rigorous training and examinations aimed at refining proficiencies in financial reporting, assurance, and strategic advisory. Analogous to an elite sporting event in the accounting arena, aspiring candidates necessitate a BMS degree or equivalent qualification to embark on this prestigious journey. Upon attaining CA certification, individuals gain access to a myriad of career pathways encompassing public practice, corporate finance, taxation, and beyond, culminating in leadership roles within the realms of finance and accounting.

Duration:

Varies, typically spanning 3-5 years.

Career Opportunities:

Financial advisor, corporate finance manager, tax consultant.

Company Secretary (CS):

In the complex world of business, a group of professionals distinguished themselves as guardians of corporate integrity, governance, and compliance with regulations. These individuals, known as CS professionals, showcase expertise in navigating the legal and ethical landscapes essential for modern companies. Serving as the backbone of corporate virtue, CS professionals play a vital role in ensuring organizations adhere strictly to legal frameworks. Anchored by a BMS degree, CS career trajectories span diverse domains including corporate governance, legal advisory, and regulatory compliance, reflecting the burgeoning demand for specialized expertise across industries.

Duration:

Typically spanning 2-3 years.

Career Opportunities:

Corporate secretary, legal advisor, corporate governance specialist.

Master of Business Administration (MBA)

The Master of Business Administration (MBA) program is highly sought after since it provides students with the necessary skills to efficiently handle complex business situations. Additionally, this all-inclusive course strengthens one's fundamental business knowledge in areas such as marketing, finance, accounting, sales, and business management.

Myriad Indian and international universities and colleges offer the MBA degree, and to gain admission, one must successfully navigate the nationwide common entrance examinations, such as the Common Admission Test (CAT), Graduate Management Admission Test (GMAT), and others. In addition to emerging victorious in these tests, candidates must also surmount the group discussion rounds and interview rounds conducted by the universities, which serve to evaluate their critical thinking, communication proficiency, and aptitude.

Duration:

It typically takes 1-2 years.

Career opportunities:

Management positions in various industries, consulting, finance, entrepreneurship, and more.

What are the best career options after BMS?

The commerce sector offers a panoply of growth opportunities to both neophytes and seasoned professionals alike. Thus, pursuing a commerce course ensures that you will be presented with exciting and quality work opportunities upon completion. Below, we shall explore the career options that become available after completing the BMS program.

Operations Manager

Operations managers play a pivotal role in ensuring the smooth and efficient functioning of an organization. They implement effective systems and regulations within the company to facilitate seamless operations. Consequently, employers seek candidates possessing skills such as attention to detail, multitasking capabilities, and proficient communication skills, among others. To cultivate these skills and acquire deep knowledge about contemporary business practices, aspirants undertake various operations management courses.

Project Manager

A project manager oversees, controls, and monitors every project, ensuring its smooth and effective execution. They play a critical role in organizations that simultaneously juggle multiple projects. When recruiting for this position, employers seek individuals with multitasking abilities, organizational skills, and robust technical knowledge.

Financial Executive

A financial executive is responsible for managing the finances of the company. From collaborating closely with the sales team to the accounts department, the financial executive performs various organizational duties. There exist numerous job-oriented courses after graduation that you can pursue to embark on a successful career as a financial executive.

Frequently Asked Questions (FAQs)

What are the top career options after completing a Bachelor of Management Studies (BMS)?

After completing a Bachelor of Management Studies (BMS), you have various career options such as Certified Management Accountant (CMA), Association of Chartered Certified Accountants (ACCA), Chartered Accountant (CA), Company Secretary (CS), and Master of Business Administration (MBA).

What are the durations and career opportunities associated with certifications like Certified Management Accountant (CMA), Association of Chartered Certified Accountants (ACCA), Chartered Accountant (CA), and Company Secretary (CS)?

The durations for certifications like CMA, ACCA, CA, and CS typically range from 6 months to 5 years, depending on the program. Career opportunities include management accountant, financial analyst, auditor, tax consultant, corporate secretary, legal advisor, and more.

How does pursuing a Master of Business Administration (MBA) enhance career prospects for BMS graduates?

Pursuing a Master of Business Administration (MBA) after BMS can significantly enhance career prospects by providing skills in handling complex business situations. It opens up management positions in various industries, consulting, finance, entrepreneurship, and more.

What are some specific career paths, such as Operations Manager, Project Manager, and Financial Executive, available to BMS graduates, and what skills are required for these roles?

Specific career paths for BMS graduates include Operations Manager, Project Manager, and Financial Executive. These roles require skills such as attention to detail, multitasking abilities, organizational skills, and robust technical knowledge.