Bcom or eco (hons)?
I’ve passed Class 12 with 91.2% in the commerce stream with mathematics as a subject. I want to know which course — BCom (hons) or economics (hons) has more relevance in the corporate world and would help me in getting a good placement. I know that these courses have great value and I am interested in both. After completing my graduation in commerce or economics, what are my options for postgraduation, other than CA and CS with BCom?
— Ancy Both are excellent courses and have a wide scope of job opportunities in the corporate arena as well as in other fields of work. The choice between BCom and BA economics (hons) should depend on which subject you prefer and are good at, and the kind of job and career goal you have for yourself.
Economics is the study of the world’s resources and the production, distribution, and consumption of goods and services. Economics is a more theoretical subject where you learn things like how the economy works, how inflation and how interest affect economies. Economic studies are applied to practically all sectors such as health, education, agriculture, industry, law, energy, the environment, and other areas.
You can pursue an MA in economics and specialise in your area of interest such as business or micro economics, macro economics, industrial economics, development economics, or opt for business management, by pursuing a postgraduate degree or diploma course in business administration. Other options include banking, CA, company secretary, CFA, law and so on.
BCom is a more practical degree programme designed to inculcate business acumen in students. The course curriculum is designed to provide the student with the fundamental concepts of accountancy, business administration, finance, economics and industrial policies, and helps develop a wide range of accounting and managerial skills. Commerce opens jobs with corporations and banks as investment bankers, managers, financial consultants, accountants, advisors etc. After BCom, you can pursue a career with a CA, ICWA, CS, business management, or insurance I completed BTech in mechanical engineering and have one-year work experience in the automotive industry in the projects and planning department. I want to pursue an MBA. Can I opt for a distance learning course? Which MBA specialisation will help me integrate my technical and managerial skills?
—Ashish Since you have a background in mechanical engineering, a specialisation in operations management or production management is a good choice. Operations management controls the production and shop floor management aspect of an organisation, and the efficient use of its assets — men, machines and materials. Most operations or production management jobs are with industrial or manufacturing companies and include planning, purchase and control of materials, as well as running and maintaining equipment. MBA operations open up career opportunities for you in the fields of material and supply chain management, quality control, logistics, inventory control, and production planning and improvement. You