BFM stands for Bachelor of Financial Management which is a three-year management course for undergraduates whereas BMS stands for Bachelor of Management Studies which is another undergraduate program for management students to gain the skills and knowledge for various management positions in different organizations. As compared to BFM, BMS focuses more on management studies rather than financial management. BMS course is designed for those who want to take their career ahead in business as it is also considered to be a professional degree. BMS course is designed in such a way that it makes students concentrating on the analytical part of the studies. It offers a variety of subjects. Also pursuing BMS is a lot advantageous for those who are looking to have their own venture in future.
Now let’s talk about differences in both the courses in terms of following things-
Syllabus-
In BFM the curriculum is divided into six semesters which includes various subjects such as Principles of Investment, Statistical Applications, Global Capital Markets and many more but other than this Project I and Project II are also included in the last two
semesters. In BMS also the curriculum is divided into six semesters but subjects are different such as Principles of Management, Human Resource Management, Effective Communication and many more. Kindly note that for both the courses this is a
generalized curriculum and may vary from one college to another.
Scope-
Both the courses have a different scope in their own way be it taking the job or going for higher studies after completing any of these. Those students who are more interested in learning management techniques instead of financial management techniques only should opt for BMS. It requires a keen interest in planning and research. It is more about administrative roles in organizations. BMS course offers really great and lucrative placements if done from a reputed college. But if we talk about BFM it enhances the skills for financial management BFM courses give exposure to the students in the field of financial management.
Value-
BFM possess good values because it emphasizes on getting pro in financial techniques and the fact is that every organization will eventually need someone who will do the financial management part for them. But this fact also cannot be denied that the ones who are pursuing BMS degree will become pro in managing everything even an organization as well. Hence according to us financial managers sometimes get restricted in the boundary of handling and managing the financial status of an organization. But the other ones become responsible for managing each and everything for the organization in which they are working. BMS degree is more valuable for people coming from a diverse educational background. It will make you learn a lot about business, marketing and trading. If one wants to become
a manager than BMS is probably the best program to get enrolled in. In today’s scenario, college attendance is required in almost all courses. A fixed percentage of attendance is implemented in many of the courses by universities such as in Engineering 75% attendance has been made a compulsion. But in the case of self-finance, it is more. What we believe is that attendance is only made compulsory so that students attend class more often to gain as many as the knowledge they can from the college. It will make them more efficient and profound in their field.
We have got a list of some renowned college of India for you all in order to take BMS
course. Have a look at it-
- Usha Pravin Gandhi College of Management
- Bennett University
- St. Xavier’s College, Mumbai
- Jai Hind College, Mumbai
- Amity Global Business School
- BMS Institute of Technology and Management
