As soon as a student gets out of school, an ocean of opportunities and colleges wait. The decision is not easy. Also, traditional courses like BBA have to compete with the new entrants like BAF. It is extremely important to understand the finer nuances of the course before one enrols into it. This blog will make your decision easier!
BBA – Bachelor of Business Administration, as the name suggests, is a bachelor’s degree in commerce and business administration. The course is broadly designed to incorporate an understanding of the functional aspects of a company and related areas. A variety of core subjects and specialisations in a specific area becomes possible with BBA. The degree also develops the student’s practical, managerial and communication skills, and business decision-making capability. BBA also has the scope for practical learning through corporate training, internships, industrial visits and expert interactions.
On the other hand, BAF – Bachelor of Accounting and Finance is a bachelor’s degree as well, but it caters to a specific field. This course was introduced by the University of Mumbai in the year 2003-04. The main motive behind starting this degree in commerce was to improve self-employment and provide benefits to the organizations by providing them trained students in Accounting and Finance sector. BAF too, has the scope for interactions, presentations, projects, industrial visits and practical training.
The banking sector has become the biggest recruiter after IT sector and hence, students who pursue BAF will have an edge if one is looking to go for Bank PO and other banking exams. The biggest difference between BBA and BAF is that while BBA is a general and inclusive course, BAF is a specific, sector oriented course. However, BBA offers new generation specializations like Export-Import, International Trade, Information Systems and this helps the students get diverse placement opportunities.
Let us look at some more individual advantages.
Advantages of BAF
- Perfect choice for students who want to make a career in Accounting, but don’t want to pursue CA
- Better accounting knowledge compared to other courses
- More job opportunities as accounting and finance play a very important role in every organization
Advantages of BBA
- Ease of opting for an MBA
- Overall understanding of the commercial world – economic trends, fiscal policies, different administrative and commerce oriented techniques to deal with the various operations and transactions
- Wide range of job opportunities
Also, it is important to note that many top universities and institutes take their entrance exams for the admissions to their UG course of BBA. To name a few, NMIMS University, Mumbai, Symbiosis University, Pune and Noida, IIM Indore, SP Jain, Mumbai make it to the list. To know more about the Entrance Exam, you can visit here. For BAF, some of the top colleges are HR College of Commerce, Mithibai Commerce College, Jai Hind College, RA Poddar College, KJ Somaiya etc.
To conclude, the first step in deciding the career path should be focus and clarity. If the student has extremely clear and focused choices, BAF can turn out to be a good choice. But if the student needs time to decide and explore, BBA can be a better choice. Like they say, end justifies the means.