MBA after BCom: Career Scope, Fees, Eligibility, Admission Process and Specialization

MBA is internationally renowned and is made to instil the skills needed for the business and management world. An MBA is a good option for a career in top industries. But, is an MBA after BCom a good option? Read the article below to know more.

MBA After BCom: Career Scope, Eligibility, Salary

MBA After BCom can open a plethora of opportunities for BCom graduates. BCom graduates already have an exposure to accounting, finance, economics and business law. Hence, pursuing an MBA gives them the edge. MBA graduates have better opportunities for higher salaries at top firms in the country. Higher education is on the rise around the globe and as the global business landscape of multinational corporations continues to evolve rapidly, the business industry faces a myriad of emerging challenges.

To address these demands, the expertise of highly skilled professionals is required. One avenue to acquire the skill set for navigating this dynamic environment is by pursuing a professional degree in Business Administration, such as an MBA. Before embarking on the MBA journey, it is important to have a graduation. Read the article below to know about MBA after BCom course, including career options, eligibility, fees, etc.

How to Pursue an MBA After BCom?

The traditional way of pursuing MBA degree is to appear for an MBA entrance exam. Many MBA entrance exams are conducted in the country to give admission to students to the top B schools in India. Students can MBA entrance exams to take admission to their preferred colleges. Students are judged on logical reasoning, quantitative aptitude, verbal ability, comprehension skills, language skills, analytical skills and general knowledge. Some of the top MBA entrance exams include:

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For final admissions, have to appear for counselling process conducted by colleges which includes Group Discussion, Written Ability Test and Personal Interview.

To pursue an MBA abroad, candidates can appear for Graduate Management Aptitude Test and Test of English as a Foreign Language and International English Language Testing System for MBA abroad admissions. 

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Why Pursue an MBA After BCom?

Here are a few reasons why one should pursue an MBA after BCom:

1. Specialised Learning: BCom and MBA are the most sought after degrees for professional growth. An MBA degree after BCom can be an important point in the career path. It levels up the professional skills that are much needed in the business and corporate world. The 2 year degree programme, MBA, after BCom, sharpens communication and skills and enhances the basic knowledge of finance, accounts and business as a whole. BCom students the knowledge of finance, accountancy and commerce have a wide scope of excelling in the business and management world. 
2. Similar Curriculum: MBA is a highly versatile degree, and pursuing an MBA after BCom has the advantage of studying many similar subjects, such as Macroeconomics, Business Environment, Computer Applications, International Business, E-Commerce, HR Management, etc. In BCom, students learn subjects such as accountancy, finance, taxation, financial ratios, microeconomics, etc. Such distinct knowledge with an MBA in Finance can open up a plethora of job opportunities in financial services, investment banking, corporate finance, equity research, etc. Look at the table below to know the BCom and MBA curriculum:

3. Specialisations: An MBA degree opens gates to different specialisations to choose from. One of the prime reasons for opting for an MBA degree is that a student can choose from a wide range of specialisations such as finance, human resources, marketing, analytics, operations, etc. There are many MBA programmes too which focus on the new industries and domains such as IT, Corporate Sales, Luxury Brand Management, Hotel Management, Supply Chain, etc.

Also Read: MBA specialisation guide

4. Leadership and Management Skills: An MBA degree is recongnised worldwide. Many companies hire MBA graduates for leadership and managerial roles. MBA graduates from top BSchools are in high demand for corporate recruiters. It helps improve the technical, interpersonal, decision making skills which are needed in almost every field of work.  

5. Career Scope: A BCom degree provides a good base for business principles, enhancing employment opportunities in different sectors, including public, private, and non profit organisations. With this degree, numerous career paths become accessible, ranging from roles in finance and insurance to media, retail, technology, and the consumer durables industry.

6. High Salary Packages: A degree in management gives way to handsome salary packages. An MBA degree can give a boost to the same. Completing an MBA degree from a renowned B-School further increases the options for a good package. In 2023, the highest salary offered to an MBA graduate was INR 80 LPA. The prestigious Indian Institute of Management, Bangalore, offered the highest salary of INR 35.31 LPA, which was followed by IIM Calcutta. Also, there is always an option of starting individual venture if someone feels they have enough knowledge, skills and capital to invest. With technological advancements and industry expansion, new jobs are emerging to meet the industry requirements. 

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Top MBA Colleges in India

Take a look at the table below to know the top MBA Colleges in India with their NIRF ranking 2023:

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Job Opportunities After MBA 

MBA pay is mostly determined by the MBA specialisation chosen. Finance, marketing, general management, business analytics, and entrepreneurship are among the top MBA specialisations that frequently yield the greatest pay after graduation. The highest-paying MBA after BCom salary slab ranges from INR 25 LPA to INR 40 LPA, and have the potential to increase with experience. Some of the highest paying jobs include investment banking, consulting, private equity, product management, etc. Given below are some of the popular job options after an MBA and their corresponding salaries:

After BCom MBA opens up an scope of abilities to students and trains them for business management. An MBA degree comes with various advantages, including equipping students with a better understanding of the business landscape and instilling in the the necessary business acumen. Having said that, pursuing an MBA also comes with various financial and non-financial costs associated with it that should not be neglected.

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