BBA in Finance and Accounting (BBA F&A) is a professional undergraduate course inaccounting and financial planning. To apply for the course, a candidate should have cleared class 12th/ Higher Secondary Examination with minimum of 50% marks.
BBA F&Ais a three year program and is often pitted against B.com in Finance and Accounting. The course is completed over the duration of six semesters. One can join the course through CommonEntrance Examinations carried out by different colleges and universities followed by Group Discussion and Personal Interview.
The average annual tuition fees would range between 1.5 Lakh INR to 2.5 Lakhs INR.
Armed with the intelligence on accounting and financial planning, a BBA F&A graduate has range of jobs from sectors like finance, marketing, sales, management, government and education.Within these sectors, a BBA F&A graduatecould choose from job profiles such as Audit Manager, Finance/Budgeting Accountant, Cost Accountant, Financial Analyst, Corporate Business Analyst etc. For fresh BBA graduates, the average annual salary would vary between 2.8 Lakhs INR – 4.5 Lakhs INR depending on the companies.
The business world is and has always been a major part for any society and this course equips you with the right knowledge and skills in accounting and finance: the two important factors in any business and business corporation.
This course, along with an MBA degree opens gates for many careers in Economy, Business and Commerce.
BBA is a mix of training and practical business experience. As the name suggests, BBA is aimed at Business Administration and takes under its fold the basic knowledge of various sectors of a company. Sectors like Human Resource, Marketing, and Finance etc.
BBA F&A is also a Bachelor of Business Administration course, but it is specialised in Finance and Accounting. This course only focuses on the concepts in Finance and Accounts rather than Business Administration as a whole.
B.com F&A is a theoretical course which deals with concepts like Accounting, Economics, Taxation, Finance, statistics etc. This is a general course where the focus is on the theoretical principles of commerce and economy.
BBA F&A is focused on developing business skills. It is a professional course which includes theoretical knowledge about basic accounting and finance marketing but BBA F&A provides practical experience through internships, industrial training all of which are an important part of course. It is suggested that students who wish to pursue MBA should opt for a BBA.
As mentioned, the duration ofBBA F&A course is for three years.Most colleges follow semester system over annual mode and hence the course is completed oversix semesters.
Since, this is an upcoming course in India, only few colleges provide BBA F&A.A small list of Top BBA F&A colleges in India is as follows:
Name of Institute
GD Goenka University
Amity School of Business
University of Petroleum and Energy Studies
Emerge School of Finance & Accounts
RNB Global University
The obvious option which students choose immediately after BBA isMBA (Masters of Business Administration). A combination of BBA and MBA is considered helpful in gaining constant promotions and high-salary jobs in the business world.MBA in Finance and Accounting is present is colleges like GD Goenka University, Institute of Business Management and Technology.
A Masters or post-graduation in Management Studies, Human Resource Development Management, Financial Planning and Wealth Management etc. are also good options.
Students can also opt for M.Com, Post-Graduate Diploma in Management.
To apply for the course, the candidate should have cleared class 10, class 12/ higher secondary Examination with English as one of the subjects. Some colleges like Amity Universityalso take Maths and Accounting as subjects in class 12th for eligibility.
Minimum percentage of marks in class 12/ higher secondary Examination varies from institution to institution but is generally between 50% or 60%.Students who have appeared in H.S.C. examination and are awaiting results are eligible too.
Admission to the program is mostly based on an aptitude or an entrance exam conducted by colleges and universities. This is followed by a group discussion and personal interview which is present in all colleges.
Some of the colleges which take an entrance exam are as follows:
Christ University: The sale of application forms for admission to Christ Universitybegins from December to March. The exam takes place in April.
Goenka Aptitude Test for Admission: The application forms for admission to GD Goenka Universityare available from March to April and the exam takes place in June/ July.
RNB Global University: The application forms for admission to RNB Global Universityare available in the months of January to March and the exam is in the month of April.
The application forms, for both correspondence and the common entrance exam are easily available online and offline both.
Hence to sum it up, if eligible, the candidates can follow the process given below.
Most of the colleges have a separate Entrance Exam for the admission to BBA F&A course.
The number of questions in these entrance exams range from 100 to 150. The time allotted for the question paper is no more than 2 ½ hours at the maximum.
Some of these entrance exams also have negative marking of 0.25 and 1 mark.
The candidates are assessed on following topics:
The admission through Entrance Exam culminates into a final evaluation of the candidate on the basis of following:
The Indian Banking and Finance industry is growing rapidly and is due to become the fifth largest in the world. As per the current growth trend there is an expectation of recruitment of about 8.4 million candidates in the Banking and Finance Services. With a major chunk of professionals working in this sector retiring in the coming years, there will be a need of new and fresh talent. It is projected that Banking and Finance Sector in India will be one of the top recruiters in the year 2019. With such a huge figure in picture, it is prudent to pursue a course which addresses the needs of Banking and Finance industry.
The graph below shows the current salary trend for various job profiles in the Finance Industry.
Figure 1: Annual Salary in INR Lakhs
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