As a nation, education has always been a top priority for us, and it is widely believed that the more qualified an individual is, the better job prospects they have. While undergraduate students from commerce backgrounds have highly sought-after options, such as the Bachelor of Commerce (B.Com.), but merely having a graduation degree is not enough in today’s competitive job market. This raises the question: what comes next after graduation?
One potential option is pursuing a Master’s degree. Many organisations offer better opportunities to individuals who hold a Master’s degree. The most popular course available to commerce graduates is the Master of Business Administration (MBA), which is likely the best choice after completing a B.Com.
There are many specialisations which one can opt-for during MBA. These include Marketing Management, Human Resources Management, Business Management, International Trade Management, etc.
With so many options available, students may become overwhelmed and need help for deciding which MBA is best after B.Com. However, this article aims to provide guidance and clarity for those still deciding on their options.
Can I Do an MBA after B.Com.?
The answer is yes!
Pursuing an MBA after completing a B.Com. degree can be an outstanding professional choice. It serves as a stepping stone for your career by providing additional skills and knowledge, ultimately giving you a competitive advantage in the job market.
In addition, an MBA programme enhances your understanding of finance, accounting, and business as a whole, providing you with a comprehensive overview of the industry, from small projects to large-scale initiatives.
Over the course of two years, an MBA programme also hones your communication and strategic skills, making you an invaluable team member to your co-workers. With this degree, you gain valuable experience and knowledge, thus becoming ready to tackle any situation easily.
Moreover, an MBA degree opens up a wide range of career opportunities that may not be available with other courses. Pursuing an MBA after B.Com. can lead to diverse job roles and industries, providing you with endless possibilities to advance your career.
Which MBA Specialisation to Opt-For after B.Com.?
In India, a diverse range of MBA specialisations are available, each offering unique benefits that can help you gain expertise in different aspects of business administration. Selecting a specific specialisation can better clarify your career goals and tailor your education to your particular interests.
Here are some of the most popular MBA specialisations to consider:
- MBA in Finance
One of the most popular MBA specialisations is Finance, which offers a plethora of opportunities in the field. Moreover, finance is crucial to every organisation, making this specialisation highly sought after. In addition, pursuing an MBA in Finance provides in-depth knowledge and expertise in subjects such as management accounting and control, capital and money markets, banking, privatisation, and international finance.
With an MBA in Financial Administration, individuals can learn how to maintain and manage the financial resources of an enterprise effectively. Moreover, financial management is critical to the success of any organisation, and an MBA in Finance can provide individuals with the skills and knowledge required to excel in this field.
- MBA in HR Management
Opting for specialisation in Human Resources (HR) can equip you with diverse skills, concepts, and knowledge required to manage the organisation’s workforce and drive its progress. Effective communication skills and the ability to handle difficult situations without compromising the company’s objectives are essential attributes for success in this field.
MBA courses specialising in HR cover a wide range of topics, including recruitment, training, team building, performance management, employee policies, compensation and benefits, employee well-being and safety, and staff conveniences. Upon completing the programme, you will be equipped to adapt to the industry’s ever-changing needs and think strategically to develop effective methods to manage the organisation’s workforce.
- MBA in Operations Management
An MBA in Operations Management provides valuable insights into meeting customers’ end requirements while boosting the company’s productivity. This specialisation focuses on the production and distribution of products and services, with an emphasis on maintaining the quality of customer service to increase sales and reduce production expenses.
The course covers critical aspects such as productivity, cost, quality, and turnaround time of the organisation. Upon completing this two-year MBA programme, you will gain a deep understanding of how to efficiently manage the production and delivery of goods and services while maintaining high-quality standards. These skills are crucial for organisations to remain competitive and meet the market’s ever-changing demands.
- MBA in Business Analytics
Pursuing an MBA in Business Analytics allows students to develop their skills in generating and analysing data to provide solutions for the company’s growth. This specialisation covers a range of topics related to data analysis, enabling future managers to develop effective strategies for the smooth functioning of the business.
Through this programme, students learn how to formulate strategic plans after processing and analysing data in a structured manner. This skill is critical for identifying trends, making informed business decisions, and driving the organisation’s growth. By understanding the complexities of data analysis, graduates with an MBA in Business Analytics are well-positioned to succeed in a variety of industries and roles.
- MBA in Marketing Management
In an organisation, dealing with the company’s 4Ps, namely Product, Price, Place, and Promotion, are crucial factors. With increasing competition, students learn marketing principles to achieve their goals, with a focus on customer satisfaction as their top priority. The course covers topics on changing customer demands and needs and how managers can benefit by maintaining product quality and competitive pricing.
- MBA in Business Management
In today’s market, competition drives the need to reach new heights constantly, and standing out from the crowd is essential for survival. Hence, there is a significant demand for Business Management professionals who can lead and guide teams towards effective solutions and decisions in India. The course also offers valuable insights into finance, sales, retail management, operations, and more.
- MBA in Logistics Management
This course is designed to teach you about the inventory network, which encompasses the arrangements involved in the preparation, execution, control of flow, and storage of products, from the point of origin to the point of consumption.
- MBA in Information Technology (IT)
This specialisation allows you to enhance your proficiency in the technology department by acquiring robust software and data-related skills. The industry is constantly in need of IT professionals who can help their organisations adapt to emerging technology trends. Therefore, managers with solid technological expertise have become a top priority in this highly competitive environment. This course focuses on internet-based activities that enable students to excel in various areas, including preparation, planning, determination, execution, utilisation, and organisation of data and technology advancements.
MBA after BCom Salary Expectations
Completing an MBA after B.Com. can significantly boost your projected earnings. Securing an attractive compensation package becomes much easier when you graduate from a top B-school that offers excellent placement opportunities.
Depending on your experience, skills, and the organisation you work for, your earnings can reach up to Rs 20 lakhs per year. However, this is not a fixed amount, and your dedication and experience can allow you to earn even more.
Here’s a tabular representation of some of the top positions you can land after doing an MBA and the average salary for each.
|Job Role||Average Salary (INR)|
|Human Resource Manager||6.5 LPA|
|Business Development Manager||5.7 LPA|
|Operations Manager||7.0 LPA|
|Marketing Executive||2.8 LPA|
|Product Manager||17 LPA|
Jagpreet is a Digital Marketing Expert and EdTech enthusiast. Having a total experience of over 11 years, he has been working in the Education industry for the past 6 years. Over the years, Jagpreet has mastered multiple trades such as Web Development, SEO, IT, Content Writing, Graphic Designing, etc. He is an extremely tech-savvy individual who loves gaming.