Bachelor of Management Studies - wikipedia Bachelor of Management Studies Bachelor of Management Studies or BMS is an undergraduate program for management studies offered by many universities throughout the world. The course allows you to obtain the knowledge and skills needed to assume management positions in a wide range of organizations. Management studies programmes provide students with a solid foundation in organizational behavior and human resource management while electives in labor - management relations, negotiation, conflict resolution, compensation systems and organizational development allow students to develop deeper knowledge in specific areas of interest. In addition to business management course, it will equip you to understand how organizations work, how they are managed, and how they interact with local, national and international environments. Contents 1 BMS Programme structure 1.1 Core and Major Curriculum 1.2 Main Course Descriptions 1.3 Optional Courses 2 Placements and Internships 2.1 What job could I be doing for Internships ? 3 Career Options after Bachelor of Management Studies ( BMS ) 3.1 Employability skills 3.2 Career Direction 4 See also 5 References 6 External links BMS programme structure Core and major curriculum This programme enables students to develop advanced knowledge and skills in a range of business functions while setting them within the wider context of current business practice. In the first and second years, students have a variety of choices with an understanding of the role of the core business disciplines : Accounting Introduction to finance Operations and Information management Human resource management Introduction to marketing Micro Economics Organizational Behaviour Business Law In third year, students will study Organizational Strategy and they will have a choice of subjects from a list of options, based on their own interests and career aspirations. These options offer excellent opportunities to gain relevant work experience to prepare for their careers or add an international dimension to their undergraduate study. Main course Descriptions Introduction To Management This course gives a brief introduction to the critical management skills involved in planning, structuring, controlling and leading an organization. It provides a framework to help students understand managing and being managed. Thus, leading them to become a more effective contributor to organizations that they join. Students can develop a system view of organizations through examining organizations as part of a context. It aims to train the learners to diagnose and suggest the suitable solutions to various managerial and organizational cases. Human Resource Management The focus of this course is to explore the principles of leading and managing people efficiently in today 's global entreprises. In this field, students access HR policy and practice in the areas of employment law, job analysis, employee relations and international HRM. Organizational Behavior This organizational behaviour course combines classic arguments and contemporary empirical debates by discussing different elements of organizational structure. It introduces theoretical and empirical research on individual, interpersonal and group effectiveness at work. Course topics can be extended from decision making, motivation, leadership, teamwork to organizational culture. The learning method highly focuses on applying the essential tools of human side of management in role - play exercises and group projects in global organizations. Economics for Management The objective of the course is to show students how economics theory is related to the applications in managerial decision making and how resources are allocated and coordinated to achieve the organizations ' end goal. It emphasizes microeconomics ideas to solve problems and define the main concepts and models used in economic analysis. `` Course topics covered include consumer theory, production, applications to the labour market, market structure, monopoly, oligopoly, product differentiation, pricing, decision analysis, bargaining, auctions, and asymmetric information. '' Law and Policy The primary aim of the course is to make students aware of the basic legal concepts and implications affecting business transactions. It fosters a deeper practical sense of how to critically manage the important relationship between business and the natural environment Organizational Strategy The first half of the course studies strategic situations and learn how to utilize the analytical tools to evaluate a firm 's position in the industry. Due to the modeling foundation of game theory, students will be tackled the real - world challenges and build the apporapriate action plans. The second half of the course explores the evidence of different managerial styles and the impact on firm process, organizational change and corporate culturethat constitute today 's collaborative business environments. Optional courses The flexible management courses share a common first year before allowing you to focus on your chosen specialism to enhance your career prospects. The dissertation and optional modules allow students considerable opportunities to focus their studies on areas of special interest. Students are able to choose some elective modules ( optional courses ) from a selection list include : Strategic management Managerial Economics Bank Strategy and Management Entrepreneurship Introduction to International Business Leadership Advanced Financial Accounting Placements and Internships Most of the universities offer a 11 months work placement option or studying abroad opportunity for a four - year degree on management studies. Undertaking the Management Studies Programme will give you the opportunity to gain work experience during your holidays or attend a short - term management training program to strengthen the essential business strategies. The experience of working for a leading institution can be invaluable as it enables students to build strong capabilities to adapt the constantly changing business environments in their future careers. Students will acquire skills and competencies by investigating an issue within a company and producing a complete research report. The programme will give students a clear direction whether they wish to go straight into the job market, or to earn a graduate degree for career advancement. What job could I be doing for Internships ? Marketing : Assistant Brand Manager ; Technical Marketing Assistant ; Media Planner & Buyer Supply Chain Management : E-commerce Analyst Banking, Finance and Accountancy : Global Investment Manager ; Mergers & Acquisitions Analyst ; Audit or Tax Trainee ; Treasury Assistant Human Resources : International Recruitment Consultant ; Training Coordinator IT : Systems Analyst ; Project Analyst Career options after Bachelor of Management Studies ( BMS ) Employability skills Demonstrating employability skills is crucial to students standing out from the crowd in the face of today 's fierce job market competition. Graduates from BMS become equipped with a portfolio of transferable skills which employers in all sectors look for. These include general skills such as being well organized and having effective communication skill, but aptitudes specific to studying Management include : Business acumen : this course gives students an insight into business practise, financial transactions and commercial ventures. This is valuable because one of the most skills most commonly sought by graduate recruiters is commercial awareness. Problem solving : most graduate employers look for this quality in potential recruits. Our Management courses teach you specific ways to approach problems and further develop your critical thinking skills. Ability to use statistics and quantitative methods : for certain graduate jobs such as market research, some areas of banking, and some types of consultancy, knowledge of statistics, quantitative methods and related software packages is a real asset. Global thinking : the ability to see the bigger picture in a ' whole systems ' manner. Useful for strategic roles within a range of organizations. Career direction `` In 2009, 65 % of graduates from BMS went into full - time employment approximately. 22 % work in the commercial, industrial and public management sectors. Others found work as health professionals ( 14.8 % ), in retail ( 14.4 % ) and marketing ( 12.5 % ). `` The Bachelor of Management Studies Degree will be relevant in a vast number of professions ; particularly within all business related sectors. This course will provide the perfect gateway for a career in : General business management Finance Financial Consulting Business Analysis Strategic Management and Planning See also Bachelor of Business Administration Bachelor of Business Management Bachelor of Accountancy Bachelor of Economics Bachelor of Commerce References Jump up ^ University of Illinois at Chicago Business. `` BS Management ''. UIC Business. Retrieved 15 October 2014. Jump up ^ The University of Warwick. `` BSc Management ''. Warwick Business School. Retrieved 15 October 2014. Jump up ^ University of Bath. `` BSc in Management ''. University of Bath School of Management. Retrieved 16 October 2014. ^ Jump up to : LSE Management. `` BSc Management Programme structure ''. The London School of Economics and Political Science. Retrieved 16 October 2014. ^ Jump up to : London School of Business and Finance. `` BSc ( Hons ) Business Management Course Structure ''. London School of Business and Finance. Retrieved 16 October 2014. Jump up ^ Cass Business School. `` Business Studies Course Overview ''. City University London. Retrieved 16 October 2014. ^ Jump up to : The Wharton School, University of Pennsylvania. `` Management Department Course Descriptions ''. Wharton. Retrieved 18 October 2014. Jump up ^ New York University School of Professional Studies. `` Leadership and Human Capital Management ''. New York University School of Professional Studies. Retrieved 19 October 2014. Jump up ^ University of Oxford. `` Economics and Management ''. University of Oxford Undergraduate Courses. Retrieved 20 October 2014. ^ Jump up to : London School of Economics and Political Science. `` LSE Management MG301 Strategy ''. LSE Management Department. Retrieved 18 October 2014. Jump up ^ Stanford University. `` Executive Program in Strategy and Organization ''. STANFORD GRADUATE SCHOOL OF BUSINESS. Retrieved 20 October 2014. Jump up ^ Manchester Business School. `` BSc ( Hons ) Management Course Description ''. The University of Manchester. Retrieved 16 October 2014. Jump up ^ Durham University Business School. `` Business And Management Course Content ''. Durham University. Retrieved 16 October 2014. ^ Jump up to : University of California Berkeley. `` Undergraduate Business Courses ''. Haas School of Business. Retrieved 16 October 2014. Jump up ^ City University London. `` Business Studies Placements and Internships ''. Cass Business School. Retrieved 15 October 2014. Jump up ^ LSE Department of management. `` BSc Management Careers ''. The London School of Economics and Political Science. Retrieved 15 October 2014. ^ Jump up to : University of Bath School of Management. `` BSc in Management Placements ''. University of Bath. Retrieved 18 October 2014. Jump up ^ Warwick Business School. `` BSc Management Careers ''. University of Warwick. Retrieved 18 October 2014. ^ Jump up to : LSE Management Department. `` LSE Management Careers ''. LSE BSc Management Employability skills. Retrieved 18 October 2014. Jump up ^ Angela Foster. `` What to do with a degree in management studies ''. theguardian. 2014 Guardian News and Media Limited or its affiliated companies. Retrieved 19 October 2014. ^ Jump up to : London School of Business & Finance. `` BSc ( Hons ) Business Management -- Career Direction ''. London School of Business & Finance. Retrieved 18 October 2014. External links http://www.bms.co.in http://www.hindustantimes.com/India-news/NewDelhi/Delhi-University-names-colleges-offering-BMS/Article1-1070015.aspx https://isbm.org.in/ Retrieved from `` https://en.wikipedia.org/w/index.php?title=Bachelor_of_Management_Studies&oldid=800965907 '' Categories : Bachelor 's degrees Talk Contents About Wikipedia Add links This page was last edited on 16 September 2017, at 20 : 56. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: why do we need to study economics in bms
Answer: show students how economics theory is related to the applications in managerial decision making and how resources are allocated and coordinated to achieve the organizations' end goal.