Fundamentals of Business Management are an essential ethos in the functioning of a firm or an industry. The development of industries plays a crucial role in structuring the country's economy. Business activities are the most vital part of human ventures that exist in every field.
Businesses can build relationships in the world of commerce. Today, many people have educated themselves to start their own business. Companies help in improving employment generation and quality of life.
There are small and large business setups in India which have helped in maintaining relationships with foreign countries. Revenue regeneration, labour, foreign capital, currency exchange is all a part of the relationship.
The Idea of Business Administration:
To become an entrepreneur, learning to manage a business venture is important. It is necessary to learn about the economic environment of the country and the audience as well.
The BBA Full form is Bachelor's in Business Administration. BBA's basic idea is to handle the entire management of the business and non-profit organizations to sustain and grow the economy.
Management is the most fundamental aspect of any business. It is the subset of the administration of the company. To commence any business, the team should hold common goals and adjectives to run the business and achieve targeted goals.
Guide to BBA Course (Bachelor of Business Administration):
Aspirants looking forward to becoming an entrepreneur or working as a team manager in any field can pursue an undergraduate degree in Bachelor of Business Administration after completing class 12th.
If students are interested in business strategies and prefer to manage a specific industry to acquire knowledge in business, Bachelor's in Business Administration is the right course to select. Below is a detailed guide to the BBA course.
Bachelor of Business Administration is a 3-year Undergraduate course. This versatile degree covers theory and practical knowledge about business management, market knowledge, finance, and more.
The skills that the BBA course focuses on are communication skills, management skills, and team skills. Bachelor of Business Administration course is a framework of various disciplines in the commerce world. The BBA syllabus is as follows:
In Marketing, the student learns the tactics and strategies of marketing fundamentals. It focuses on profitable customers and teaches the key to communication.
The area focuses on how the deliverability of products is essential. The four elements of marketing are Product, Place, Placement, and price.
Accounting in BBA teaches about financial transactions, analyzing and summarizing these transactions, and regulating tax collection entities. There are different types of accounting that the student learns during the Bachelor of Business Administration. They are as follow:
- Financial Accounting
Financial accounting is the process of compiling financial reports, learning to track financial activities and provide financial statements by ensuring that the internal procedures are followed. Financial accounting also teaches about profit and loss with practical knowledge.
Auditing is generally of two types - Internal and external auditing, which come under public accounting. Auditing or Audit is the inspection of the department's inventory to ensure they follow a documented translation system. Physical checking of books and statements of accounts is carried out by auditors to ensure that all departments are following the procedure of recording transactions.
- Accounting Information Systems (AIS)
Accounting information systems, or AIS, manages and improves the procedures of accounts. AIS Updates technology installation and monitor systems to determine an increase in productivity.
- Cost Accounting
Cost accounting focuses on documenting, presenting, and reviewing manufacturing costs. In Cost accounting, the fixed cost of a product is examined to check if the determined cost aligns with the cost to produce a product. Cost accounting also focuses on the progress of production.
- Tax Accounting
Tax accounting deals with big firms and businesses to help them stay in compliance with annual tax codes collected each year. In Tax accounting, students study the complexities of financial records, tax accounting, future tax returns, and implementing different taxes with guidelines.
- Forensic Accounting
In Forensic Accounting, the student learns about document collection from the company to configure the financial status. Re-enter missing or unavailable information about the financial details, record all transactions happening in the financial statements of the company.
- Fiduciary Accounting
Fiduciary accounting teaches how to handle the financial accounts of clients. These financial accounts link to real estate, trust funds, investments, and others. It studies financial information along with a summary of all accounts, schedules of receipts, gains, losses, and the assets are all part of Fiduciary accounting.
- Managerial Accounting
In Managerial accounting, one learns how to observe and assist in the financial planning of any company. To keep information and documentation confidential and communicate carefully with anyone outside the firm. Managerial accounting also creates plans for the short and long-term goals of the organization.
- Public Accounting
Public accounting provides accounting advice based on the firm's needs. Public accounting teaches you about auditing, tax returns, consult on procedures tailored to the installation of technology or computer programs, and provide legal advice.
- Government Accounting
Government accounting deals with subject matters of financial planning under local or state government sectors. The student will learn about the Governmental Accounting Standards Board (GASB), how to monitor the government's budget and allocate funds appropriately.
Strategic Management focuses on the monitoring of an organization. The student learns about planning, assessing, and analyzing the necessities of the organization that may help in the growth of the company's profile and profit.
Static management has the following stages:
- To identify and analyze the company's strengths and weaknesses.
- To assess the strategic direction of the company.
- To engage in action plans and execute them for rightful results.
Organizational Management teaches about the leadership of a company. Various strategies are applied to achieve organizational goals and objectives. In Organizational Management, activities are monitored and changed depending upon the result.
Human Resource Management (HRM):
Human Resource Management (HRM) is one of the engaging studies in BBA. This field of discipline teaches about managing people in different organizations. HRM applies its skills to all organizations and works with the leadership team by following policies that apply in handling a company's workforce.
Bachelor of Business Administration (BBA) Subjects are as follows:
|Financial Accounting||Principles of Management||Quantitative Techniques - I|
|Microeconomics||Effective Communications||Environmental Management|
|Macroeconomics||India Socio-Political Economics||Essentials of IT|
|Quantitative Techniques - II||Cost Accounting||Principles of Marketing|
|Banking & Insurance||Operations Research||Human Resource Management|
|Human Behaviour & Ethics at Workplace||Business Analytics||Financial Management|
|Indian Economics in Global Scenario||Direct Tax & Indirect Tax||Consumer Behaviour & Services Marketing|
|Management Accounting||Business Law||Customer Relationship Management|
|Strategic Management||Finance Electives||Advanced Financial Management|
|International Business & EXIM||Operations & Supply Chain Management||Entrepreneurship & Business Plan|
|Research Methodology||Financial Statement Analysis Marketing Electives||Marketing Electives|
Top 10 BBA Colleges & Universities in India:
|Madras Christian College||Chennai|
|Shaheed Sukhdev College of Business Studies (SSCBS)||New Delhi|
|Mount Carmel College||Bangalore|
|Indian Institute of Management (IIM)||Indore|
|St. Xavier's College||Mumbai (Autonomous)|
|Symbiosis Centre for Management Studies||Noida, Symbiosis International University|
|HR College of Commerce and Economics||Mumbai University|
The colleges and Universities mentioned above have a comprehensive management stream. They provide in-depth knowledge for BBA students in both theory and practical.
BBA Course Fees:
There are approximately 4,500 colleges in India that provide BBA courses, in which 13% are public-government, 77% private, and 10% public-private colleges.
The fee structure to enroll in BBA can vary depending on the colleges and universities. The minimum fees can be from Rs. 25,000 to Rs. 5 lakh.
Eligibility to Enroll for Bachelor of Business Administration (BBA):
- Graduating class 10th and 12th board exams with minimum 50% aggregate (may vary)
- Age must be between 17 to 25 years
- Clearing entrance exam and/ or interview for seeking admission in BBA.
Types of Entrance Exams for BBA:
- Symbiosis Entrance Test (SET): conducted by Symbiosis International University (SIU), Pune
- All India Management Association Undergraduate Aptitude Test (AIMA UGAT)
- Indraprastha University Common Entrance Test (IPU CET) conducted by Guru Gobind Singh Indraprastha University, Delhi
- NPAT-NMIMS Programs After 12th
Skills and Knowledge Acquired After a Bachelor in Business Administration:
After the Bachelor's in Business Administration, students have an idea about the business field's functions. Students understand the context of management. They develop skills such as critical thinking, social consciousness, and inculcate thinking ability.
Team management and coordination are the essential aspects that a student will learn in BBA. They also learn to apply management and communication principles to write and convey effective business plans, reports, and case analyses.
Degree holders in Bachelor of Business Administration acquire knowledge in the foundation of management studies and ethical understanding of the economy.
Apart from these skills and knowledge, students have the following advantages:
- Study multiple subjects
- Improve communication and language skills
- Acquire professional skills
- Learn financial tactics
- Flexibility in any industry
Career After BBA:
India has one of the largest economies in the world that consists of many large and small-scale industries. Every industry has a strategic plan to run their businesses. To sustain and grow in the economy, industries must depend on business administrators who help grow the business.
Career after BBA has numerous job opportunities in India. BBA graduates can take up career opportunities in both government and private sector industries.
Job Opportunities After Bachelor in Business Administration (BBA):
Job opportunities for BBA Graduates are enormous. To be specific, BBA graduates can join the field of sales and marketing departments of companies.
Initially, fresher students will have the opportunity to work as management trainees, and with gradual work experience, aspirants can attain leadership positions in any organization. Graduates have the option to work in private or government sector fields.
Based on the field of interest and skill, they can choose to work from the following areas:
|Financial & Accounting Management||Supply Chain Management||HR Management|
|Marketing Management||Tourism Management||Entrepreneurship|
Private Sector Jobs After BBA:
|Consultancy||Information Technology (IT)||Media|
Government Sector Jobs:
- Banking Sector
- Defense Services
- Civil Services
Many Public Sector Undertaking (PSU) hire BBA graduates for accountants and financial job posts. The PSU's and Government Departments are as follows:
- Oil and Natural Gas Corporation (ONGC)
- Indian Space Research Organization (ISRO)
- Defence Research and Development Organization (DRDO)
- Bharat Heavy Electrical Limited (BHEL)
- Steel Authority of India Limited (SAIL)
- Mahanagar Telephone Nigam Limited (MTNL)
- Gas Authority of India Limited (GAIL)
- (National Thermal Power Corporation Limited (NTPC)
Scope after Bachelor in Business Administration (BBA):
Graduates have a lot of opportunities in terms of higher studies. After completing a Bachelor of Business Administration, the student will have a range of interest to choose and based on that, they can pursue Post Graduation courses. Here is the list of PG course for Management students:
Master of Business Administration (MBA):
MBA is a highly demanding course after BBA. The job opportunities after MBA are sky-high. An MBA degree is a 2- year course. MBA can be studied both full and part-time. To join the Master of Business Administration, students need to clear entrance exams like CAT, SNAP, XAT, and MAHCET.
The demanding course has a specialization field that students can opt for based on their interests. They are as follows:
- Human Resource
- International Business
- Supply Chain and Operation Management
After completing an MBA, students can choose from multiple domains. Students can select health care, technology, government agencies, non-profit organizations, manufacturing, and many more. Well, the opportunities are endless.
Top MBA Colleges in India:
- Indian Institute of Management (IIM)
- Faculty of management studies (FMS), Delhi
- Indian Institute of Foreign Trade (IIFT), Delhi
- Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
- Management Development Institute (MDI), Gurgaon
- Xavier School of Management (XLRI), Jamshedpur
- Mudra Institute of Communications, Ahmedabad (MICA), Ahmedabad
- Institute of Management Technology (IMT), Ghaziabad
Master of Management Studies (MMS):
Master of Management Studies (MMS) is also an alternative option for MBA. The time duration of the MMS course is also 2- years. MMS is commonly used by a government recognized university.
The minimum eligibility criteria to join this course is a graduation degree in any discipline with 50% marks. Students in their final year of graduation can also apply to this course.
MMS as a course helps students to learn management skills and control business activities at various levels. This course is also meant to develop entrepreneurial skills.
After the successful completion of this course, you can hold respectable management positions with lucrative salary packages.
Top MMS Colleges and Universities in India:
|Savitribai Phule University||Pune|
|Banaras Hindu University||Banaras|
Post Graduate Diploma in Management (PGDM):
PGDM is a diploma course offered by autonomous institutions. In some colleges, PGDM courses of 1 year are also offered.
As it is tough to get admission to IIMs and XLRIs, students can undertake PGDM courses offered by mid-level MBA colleges. PGDM courses also have a well-structured curriculum and are acknowledged by companies for jobs.
Top PGDM Colleges and Universities in India:
|Xavier School of Management (XLRI)||Jamshedpur|
|International Management Institute (IMI)||New Delhi|
|Narsee Monjee Institute of Management Studies (NMIMS)||Mumbai|
|Mudra Institute of Communications (MICA)||Ahmedabad|
|Chandigarh University (CU)||Chandigarh |
Courses Similar to Bachelor of Business Administration:
Bachelor of Business Management (BBM):
Bachelor of Business Management is a 3-year undergraduate course which deals with the foundation of management with entrepreneurship. The course covers analytical and practical skills in business management.
|Ethics||Human Resource Management||Finance|
|Marketing||Management Information Systems||Organizational Behaviour|
|Operations Management||Project Management||Strategic Management|
|International Business||Supply Chain management||Management of Training & Development|
|Environment Studies||Computer Application for Business||-|
The 3-year course consists of the following subjects:
|Business Communication and Soft Skills||Financial Accounting||Principles of Management|
|The Economic Environment of Business||Business Mathematics||Business Statistics|
|Marginal Economics||Business Regulatory Framework||Office Management and Automation|
|Entrepreneurship Development||International Trade and Finance||Income Tax|
|Corporate Accounting||Indian Financial System||E-commerce|
|Organizational Behavior||Research Methodology||Financial Management|
|Auditing||Production Management||Human Resource Management (HRM)|
|Accounting for Managers||Banking Law and Practices in India||Marketing Management|
|Company Law & Secretarial Practice||Operational Research||Project and Viva-voice|
Top 10 Colleges and Universities Offering BBS:
|College / University||State|
|Symbiosis International University||Pune|
|University of Mumbai||Mumbai|
|Chaitanya Postgraduate College||Warangal|
|Guru Gobind Singh Indraprastha University||New Delhi|
|PES Institute of Technology||Bangalore|
|University of Delhi||Delhi|
|New Delhi Institute of Management||Delhi|
|Institute of Logistics & Aviation Management, (ILAM) - Jain University||Bangalore|
Bachelors in Business Studies (BBS):
Bachelor of Business Studies (BBS) is a 3 - year undergraduate course consisting of 6 semesters. It focuses on Management education and connotation skills.
BBS consists of accounting, management, information system, and marketing. BBS teaches practical skills in the industrial field and trains students to plan and build business ideas for these industries.
The specialization in BBS are as follows:
- Business Studies
- Develop Intellectual and Interpersonal Skills
- Vast Perspective on Business and Administration Related Fields
The 3-year course consists of the following subjects:
|Fundamental of Management||Business Statistics and Applications||Public Relations and Corporate Image|
|Business Communication||Computer Practical (HTML)||Information Technology for Business|
|Financial Accounting||Business Economics - 1||Organizational Behaviour|
|Computer Practical (DBMS)||-||-|
|Marketing Management||Business Economics - II||Quantitative Techniques for Management|
|Computer Practical (SAS)||Cost and Management Accounting||Human Resource Management|
|Productions & Operations||Business Research||Financial Management|
|Elective Paper - I||Elective Paper - II||Project Management and Entrepreneurship|
|Business Ethics & Corporate Governance||Legal Aspects of Indian Business||Business Policy and Strategy|
|Computer Practical||Practical and Research||-|
Bachelors in Management Studies (BMS):
Bachelors in Management Studies, commonly known as BMS, is a 3-year undergraduate course. BMS can also be completed through distance education. BMS focuses on training students in management fields. The students learn the fundamentals of core management skills and practically implement them.
Few of the basic specializations in BMS is as follows:
- Knowledge About Corporate Culture
- Importance of Industrial Hierarchy
- Problem-Solving Skills
- Team Management
- Target-Oriented Skills
The 3- year course consists of the following subjects:
|Introduction of Financial Accounts||Business Law||Business Communication|
|Foundation of Human Skills||Introduction to Computers||Business Statistics|
|Computer Application in Business||Industrial Law||Managerial Economics - I|
|Business Mathematics||Principles of Management - I||-|
|Management Accounting||Environmental Management||Introduction of Cost Accounting|
|Managerial Economics II||Business Aspects of Banking & Insurance||Marketing Management|
|Production Management & Materials Management||The Productivity of Quality Management||Strategic Management|
|Export-Import Procedures and Documentation||Direct & Indirect Taxes||Cooperatives & Rural Markets|
|Human Resources Management||Public Relations Management||Research Methods in Business|
|Financial Management||Elements of Logistics Management||Service Sector Management|
|Special Studies in Marketing||Entrepreneurship and Management of SME (Subject-Matter Expert)||Business Studies and Corporate Social Responsibility|
|E-Commerce||Operation Research||International Marketing|
|International Finance||Elective I||Indian Management Thoughts and Practices|
To conclude, Bachelor of Business Administration (BBA) is a guide to a wide array of opportunities in various sectors. The field of management is vast, and there are tremendous opportunities for a business administrator in today's fast-paced world.
With the right decision-making and acquired skills, aspirants can reach great heights in jobs and become business tycoons by setting up their own business. Moreover, students can also look forward to pursuing a Master's degree and succeed in their respective domain.