You might have noticed the upscale in the graph of demand for MBA by commerce graduates like you. It might also be the case that you are also planning to do an MBA after you graduate. This has become a common trend but what are the factors behind this trend? And for whom will MBA be really beneficial? is the real question.
Let’s discuss and discover what you need to know and what are some other post graduation courses for commerce students that offer a good MBA alternative.
What is an MBA program?
An MBA is a Master in Business Administration degree. In India, it is typically 2 years. It is pursued by graduates and working professionals to gain broad-based business knowledge. Here you are taught subjects like accounting management, finances, marketing etc.
Why is an MBA popular among commerce graduates?
Here are the potential reasons behind commerce graduates opting for an MBA increasingly:
- MBA is a good degree for career transition towards management. This offers commerce graduates an opportunity to grab leadership roles and give their careers a boost.
- Pursuing MBA increases their earning potential
- Also, the subjects which are to be studied in MBA like finance and accounting are a matter of interest to commerce graduates who already have a foundation in the subject.
- Pursuing an MBA opens up many doors and offers a diversity of careers
- Commerce graduates often target Top B schools in the country. The major reason behind this are networking opportunities they can build over there.
Looking beyond MBA : Diverse alternatives
It is true that MBA has been a popular way for some commerce graduates for a post graduation but it is not the only option. Rising market demands and evolving industry scenarios have always created new job domains. Many courses specialising in those specific areas offer strategic advantage.
Few other post graduate courses for commerce students:
Strategic alternatives of MBA which offer specialisation in a lesser amount of time and guarantee almost the same amount of career advancement are:
- Post graduate diploma in risk management (PGDRM)
- Post graduate diploma in international taxation
- Post graduate diploma in business analytics
- Post graduate diploma in human resource management
Benefits of Considering MBA Alternative Courses:
These courses offer industry-specific knowledge. This means you are going to learn exactly what is required in the industry
- Also, these courses are more affordable than an MBA program
- The time duration of these courses is less, typically 1 year
- These courses focus more on practical skills rather than theoretical ones
- If you get into good institutes like GRMI they give you strong placement assistance.
- Moreover, unlike typical MBA programmes – such alternatives ensure a simplified admissions process.
GRMI: PGDRM
Post graduate diploma in risk management is a course that is designed for commerce graduates and other students and professionals who want to switch to the management stream. It is a 1 year, on-campus course provided by Global Risk Management Institute Gurgaon. The course offers extensive and comprehensive expertise in risk management. The admission process consists of two personal interview rounds and is open to graduates and working professionals across all streams with a minimum 50% in their graduation and an interest in risk.
Conclusion:
Although the MBA is a popular choice among commerce graduates when they look for post graduation courses but you should remember that it is not the only choice. There are a variety of options out there that you can pursue. You should identify what are your career goals and aspirations and what will be the course aligning with them the best. Considering factors like time cost and return on investment it will be really helpful to make an effective decision.
