While Bachelor of Commerce in Accounting & Finance (BAF) is a course that provides training in the areas of accounting and finance, Bachelor of Management Studies (BMS) course focuses on the area of management and business studies. These courses deal with different subject areas with varied future prospects.

Scope after BAF course

A Bachelor’s degree in Finance and Accounting aims to equip a graduate with knowledge in areas like Financial accounting, IT, Cost accounting, Auditing, Business communications, Taxation, Economics and Business Law.

Aspirants can opt for various higher levels courses like Chartered Accountant (CA), ICWA etc which have specific focus on finance and accounting. Corporate Finance course is another course that can be done by these BAF graduates. They can also pursue Company Secretaryship course or Master in Commerce (M.Com).One of the most promising higher study option is a Master of Business Administration (MBA) in Finance or an MS in Finance and Accounting.

Meritorious BAF graduates can find a career as Financial Analyst, Accounts Analyst and Trainee Analyst. Openings are also available in the area of mutual funds, stock exchange and capital market. There is a huge demand for BAF graduates for the post of Assistant Professor in Commerce/ Mathematics/ Statistics/ Financial Management streams. Joining as an Assistant Professor has the additional advantage of pursuing research in related fields. BAF graduates can also apply in the banking sector, the recruitment of which will be based on written tests followed by interviews.

BAF graduates can expect a initial pay pack of Rs. 1, 00,000 - 1,50,000  per annum and it will increase with experience.

Scope after BMS course

Bachelor of Management Studies graduates are qualified to handle operations and managerial responsibilities with their expertise in areas like project development and management, information system strategies, emerging technologies, innovations in engineering and global product management.

BMS graduates can pursue a higher study in management field itself by pursuing a Master of Business Administration (MBA) course. Aspirants have the option of specializing in Hospitality, Tourism, Accounting, Retailing, Wholesaling, Finance and Manufacturing etc.

Management Studies graduates can find job opportunities in trading, KPOs, executive management posts, and careers depending on their area of specialization.

The expected salary for BMS graduates at the entry level is above Rs 1,50,000 per annum.

Which course is better ?

BAF orients candidates in the area of finance and accounting only, where as BMS graduates can opt for a much wider array of specializations. BAF is a course suited for those with an active interest in the world of finance and accounting. Those who are more oriented towards management and business can choose BMS. Each course has its own advantages and disadvantages. But both have career opportunities and higher study options available. The only difference seems to be the broader scope with BMS compared to BAF, which is only in finance and accounting.