Bachelor of Management Studies (BMS)

Bachelor of Management Studies (BMS) is a three years undergraduate program in management. BMS is necessary to run an organization efficiently. This course from Hinduja college provides students with vast knowledge. These are essential for various co-curricular activities and training sessions. They help the development of the students and train them for many challenges.

Listed below are more details about the course from Hinduja College:

• Eligibility Criteria: The admission process in Hinduja for BMS is based on 10+2 merit. The least criteria required is 50-60% in 10+2.
• Fees: The annual fees in Hinduja college for BMS is INR 66000. The costs are generally higher than in other colleges.
• Career Options and Scope: The placements are good with the average package offered to the students. The students can explore different career opportunities while pursuing BMS. The average annual salary for a fresher is INR 3 Lakh to 4 Lakh. The famous job roles for students with BMS degree are:-
  • HR executive.
  • Quality manager
  • Business Development Executive
  • Assistant Manager

Bachelor of Financial Markets (BFM):-

BFM has courses linked with Finance and its derivatives. It has been designed to help students with the resources efficiently. It offers tremendous scope and has a good future in the present generation.

Eligibility Criteria:

The eligibility criteria for BFM in KC, HR and Jai Hind College are given below:-

• Jai Hind: If you are from the general category, then 85% should be for in-house students and above 90% for out-house. Jai Hind college offers aided and self-financed courses.
• HR College: The eligibility criteria in HR college is based on merit in 10+2.
• KC College: The least cutoff required in KC college is 80-90%.

Admission Fees:

• The fee structure of Jai Hind depends upon session duration and other factors. The three-year various course has annual fees of INR 2400 per annum.
• KC College has an annual fee for BFM of INR 12000 for a 3 year program.
• HR College has an annual fee for BFM of INR 18000 for a 3 year program.

Career Options and Scope:

After pursuing BFM from these colleges, the scope is plenty. Here are a few points about the placements:

• Jai Hind College has one of the best placements for undergraduates in Mumbai. All the big recruiters offer internships to the deserving students of the college.
• HR College strongly encourages the students for job placements. 85+ companies are hiring 177 students for internships.
• KC College has tie-ups with many companies. The campus interviews are conducted for all streams, including BFM.

Both BFM and BMS are equally good and have a better scope. Every college is at the same level. There is no rigorous difference that would matter in the future. If you want to choose then pick as per location, life-style, crowd, etc. It is upon the students what they want to select.

In 2020, NIRF ranked Jain University 85th in India, and LPU has been ranked 78th among Indian universities.

Admission:

Jain University- The university offers BMS programs in various specializations including Financial Services, Aviation Management, International Business, Branding and Entrepreneurship, Tourism and Hospitality Management, Strategy and Leadership, International Finance with Chartered Global Management Accountant (CGMA), UK, and Digital Business/ International.

• The admissions are based on the candidate’s performance in the Jain Entrance Test (JET).

• To be eligible for admission at the university for BMS, the applicant needs to be 10+2 pass in Commerce.

For the first year, the fees for BMS is INR 150,000.

LPU-

• LPU offers BBA programs in some specializations that include Tourism and Hospitality, General, Information Technology, Rural Management, Finance Markets, International Finance, Airlines & Airport Management.

• At LPU, to apply for BBA the applicant is required to have 50% aggregate marks in 10+2 with English and for International Finance and Finance Market, the eligibility required is 60% aggregate marks in 10+2 with English.

• For BBA lateral entry the eligibility criteria are 50% aggregate marks in Diploma (Economics or Management or Commerce).

• For BBA (Hons) the applicant must have 60% aggregate marks in 10+2 with English.

For the first year, the fees for BBA is INR 95,200

Placements:

Jain University-

• More than 250 recruiters visit the campus for recruitment.

• The highest pay package offered was INR 30 LPA and the average package offered was INR 7 LPA.

• The top players include Panasonic Homes, Honeywell, JK Technosoft, Tommy Hilfiger, Morgan Stanley, TCS, and Capgemini.

LPU-

• From the 2020 batch, more than 800 recruiters visited the campus that recruited 2000+ students.

• The highest package of INR 42 LPA was offered by Microsoft and the highest stipend of INR 80,000 was been offered

• For the Management discipline, the highest package of INR 19.75 LPA was offered by Shobha Developers.

Both Jain University and LPU are reputed for management studies and offer decent opportunities in terms of academics and placements. As for which option you should choose, you should be the one to decide that.

KJ Somaiya has a total of three campuses out of which KJ Somaiya College of Science, Arts & Commerce is the best for a degree in BMS. While both the given institutes are prestigious and well-known in Mumbai, it is preferable to choose an institute that is not autonomous for your field of study.

Comparison - SIES Vs KJ Somaiya:

• Comparing the two institutes based on important factors, SIES and KJ Somaiya are both at par when it comes to educational amenities.

• Both offer a well-structured program in BMS while having multiple open electives as part of their module to choose from.

• KJ Somaiya has a larger campus with modern infrastructure, it is considered better than that of SIES.

• SIES on the other hand offers a higher number of extra-curricular activities and a more developed learning experience.

The placement statistics for both the given institutions are tabulated below.

Both the institutes offer decent placement facilities, well-experienced faculty members, and a structured program for BMS.

While either of the institutes will make for a good experience, students can make their choice based on factors such as better campus, placements, time of commuting, and fee structure.

KJ Somaiya College of Arts and Commerce:-

It is a premier autonomous educational institute located in Mumbai. The institute offers various courses, both at the undergraduate and postgraduate levels in the disciplines of Arts and Commerce.

• Admission Criteria: The eligibility criteria for pursuing admission for BMS is 10+2 from a recognized university and the total fees required for pursuing the BMS course are INR 71,755.
• Placements: The highest CTC offered at the institute is around INR 27.50 LPA, however, the average CTC is INR 10.05 LPA. Few of the major recruiters at the institute are Angel Broking, HDFC Bank, Reliance Industries Ltd., Reliance, ICICI Prudential, Kotak Mahindra Bank, etc.

KJ Somaiya College of Science and Commerce:-

KJ Somaiya College of Science and Commerce offers UG, PG and Ph.D. courses to its students under various specializations. The admission in UG and PG are merit-based, while for Ph.D. the students must qualify the UGC NET exam.

• Admission Criteria: The candidates seeking admission in this institute for the BMS course need to have a minimum of 45% marks in commerce stream from a recognized university. The total fees required for pursuing the BMS course are INR 70,845.
• Placements: According to the placement statistics the average CTC offered to the students is around 10.7 LPA and the highest CTC is around 15.5 LPA. The top recruiter at the institute is Puma, Quikr, PwC, Jio, Capgemini, LG Electronics, Deloitte, TCS, HDFC Bank, etc.

KJ Somaiya College of Arts and Commerce is an old college with a good reputation. Whereas, KJ Somaiya College of Science and Commerce is a relatively new establishment. Other than that, there is no such difference between the quality of education in both these colleges.

The best among these institutes is, undoubtedly, IIM Indore. During the first three years of IPM at IIM Indore, you will focus on various topics and learn a number of concepts. The institute has experienced and capable faculty. The main reason for IPM’s popularity is due to the tag IIM has given. 

Following are some of the pros and cons of the IPM program at IIM Indore:

Pros 

• Renowned experts are in charge of designing unique programs.
• Apart from the coveted IIM tag, the infrastructure is excellent, the faculty is great and the network of alumni is also very popular.
• The peers are also very supportive and helpful. The final two years are spent with the students of PGP.
• Placements are improving every year
• A wide range of co-curricular activities.
• If you want to appear in other entrance exams you will face no pressure and continue your preparations smoothly.

Cons

• The program is still growing so it is still settling.
• When compared to the PGP program there may be some bias, unfortunately.
• Your future scopes might suffer a blow if compared to a more secure option like engineering. This will happen only if you are not sure of IPM and switching courses might prove to be troublesome.

In addition to the previous cons, you will get a certificate from IGNOU instead of a proper degree. In the case of the other colleges, you will probably not face some of the cons.