Career in Management

DESCRIPTION

Management is one the most varied profession in the global economy with numerous opportunities ranging from consulting, entrepreneurship, human resource, general management, operation management to strategic planning. A person involved in the field looks in forecasting, planning, organizing, commanding, coordinating and controlling the processes of the organization for the effective internal as well as external functioning by managing people as well as resources.

Career Opportunities in Management

  • Sales: could be defined as “the holistic business system required effectively developing, managing, enabling, and executing a mutually beneficial, interpersonal exchange of goods, and/or services for equitable value”. The main role involved in this profession is showcasing products and services, negotiating sales and providing after sale services through face to face interaction or telephonic communication.
  • Marketing: as a career is the best field for people who like to strategize and identify patterns and trends. The various marketing job profiles include – project managers, marketing managers, market analysts, sales managers, etc. Identifying the target market for products or services, developing products, formulating pricing and sales strategies for business growth to increase profitability and to maintain public relations are some of the key roles in this domain.
  • Supply Chain Management: Supply Chain Management as a career includes planning, procuring, handling, managing and enabling supply of goods and services. Supply chain managers are the purchasers and transportation planners. Careers in SCM are extremely diverse and the sector is continuously shifting, evolving and moving with changing technology & needs of people.
  • Finance: as an arena is concerned with the management and circulation of money. Role in finance varies from helping corporates and individuals make finance planning decisions to helping businesses raise capital for expansion and running business operations.
  • Operation Management: Operations management is an inter mix of business, finance and technology which is chiefly concerned with planning, organizing and supervising in production, manufacturing or the provision of services. This field is concerned with the physical or technical functions of a firm.
  • Human Resources: Human resource management is all about management of employees within the organization and maximizing their performance. It involves designing the policies for the effective functioning of organization, managing compensation and benefits, training of employees, maintaining proper labor relations and evaluating employee performance.
  • Health Care Management: Owing to the rapid growth in the health care sector, health care management is emerging to be one of the most rewarding career paths. A degree in management arms one to play a significant role in hospital management involving activities like ensuring hospitals operations, Efficient supervision in making them financially sound and independent and in creating a patient-centric organization.
  • Management Consulting: Management consulting is to assist a client to obtain information and advice leading to a realistic and lasting solution of a problem. Consultants think, analyze, brainstorm, cajole and challenge good organizations to become even better by adopting innovative ideas.
  • Entrepreneurship: A Management degree empowers an individual to embark on an entrepreneurial route. An entrepreneur looks to solve problems through innovative solutions and products. Given the present economic scenario in the country, entrepreneurship is an extremely challenging path. It is emerging as an extremely sought after career path.
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PATHWAY

  Pathway 1 Pathway 2
Stream Clear Class XII  (Any Stream) Clear Class XII (Non-Medical)
Bachelors Pursue Graduation in Any Discipline for 3-5 years Pursue B.Tech / BE For 4 years
Masters Pursue PG Diploma in Management/ MBA for 2 years Pursue PG Diploma in Management/ MBA for 2 years

SKILLS REQUIRED

  • Define and shape business strategy and vision of the organization
  • Execute the define strategy and plan in coordination with organization members
  • Play a strategic role by extending professional advice, aimed at maximizing profitability for client or employer
  • Establish and carry out departmental or organizational goals, policies and procedures
  • Manage general activities related to making products and providing services
  • Consult other executives, staff and board members on operations
  • Define marketing strategies to attract the target audience
  • Negotiate or approve of contracts and agreements
  • Gather requirements from the customers and other stakeholders to prepare project report
  • Appoint departmental heads and managers
  • Establish performance standards and monitor the output of employees to ensure that each employee’s performance meets those standards

DEMAND

A BBA gets you entry-level positions in many corporations and factories. You would do lot of backend work, and provide support services to your seniors. Exceptional candidates could expect to do some customer interface, though it is very rare. Also invariably, you would hit the glass ceiling very fast, and would require an MBA to move up the ladder.

Since the degree will equip a student of BBA with the basic knowledge about corporate management and skills it will help them understand the diverse functioning of a company. BBA graduates can look for jobs in sales and marketing department of companies as members of sales teams or as management trainees.

After completing a BBA, students should consider broadening their horizon in order to qualify for top executive positions and promotions. A Master of Business Administration (MBA) is a graduate-level degree that is often desired by employers for positions such as CEO or COO. Doctoral programs are also available in business administration, which can prepare business professionals for work as consultants, executives or university professors.

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