WHAT IS MANAGEMENT?
Before going into the different careers in management, let’s first understand what management actually means.Management is basically a business term. It is nothing but the act of brining the people working in an organization more close, in order to achieve desires results and accomplish big goals. In other words, the word ‘management’ has many definitions; but when it comes to careers, it has got a specific and certain meaning
Management is a field that merges with any career. But still, a career in management is much sort after when it is a part of corporate houses, hospitals, multinational companies, etc. The individuals choosing to opt management as their career option are mostly
taught about team management, that is, working in and as a team and business ethics.
COURSES OFFERED IN MANAGEMENT
Students with undergraduate degrees are eligible for management courses. The courses in management are offered either by private institutes or government management institutes. Students also have an option of pursuing correspondence courses.
The courses are offered in areas like hotel management, event management, retail management, business management, hospital management, media management, sports management etc.
There are a number of management courses in India, which are quite popular. They are Bachelor of Business Administration (BBA), Bachelor of Management Studies (BMS), Bachelor of Business Studies (BBS), Bachelor of Business Management (BBM), and Master of Business Administration (MBA). BBA, BBS and BBM come under the undergraduate degree programs and MBA comes under the postgraduate degree programs. Students interested in pursuing a course in management should be at least a graduate.
MBA is the most desirable and sought after degree amongst all others. In today’s India, a degree in management is becoming a prerequisite for a successful career. MBA can be classified into five segments namely : full time MBA, part time MBA, online MBA, distance learning MBA and executive MBA. Full time has 4 semesters where the students can specialise in their management area of interest. Part time MBA, distance and online MBA are for those students who are unable to pursue full time MBA. Executive MBA is for the working professionals, who are in the need of an MBA degree to grow in their present field.
There are a number of entrance tests like CET, CAT, SNAP, MAT, through which almost all the reputed management institutes admit students. For BBA, BBS and BBM, admission in most of the institutes in India is generally followed by an entrance exam basis. There are Business Schools that conduct separate entrance examinations. These examinations include a written test, where the individual’s knowledge about the subject is tested. This is followed by group discussion, where the confidence and communication skills of the individual are tested. Finally there is the personal interview, where the individual’s overall skills and qualities are tested. The IIMs conduct a common admission test, also known as CAT, every year. Other business schools also conduct admission tests like XAT, MAT, IIFT, JMET etc.
The main advantage of management courses is that they help students to understand each and every aspect of business and business strategies. Students also become masters in planning, organizing, delegating and leading.
With a degree in management, an individual can become an entrepreneur and start his/her own business. The business strategies and decision-making tactics that the individuals learn in their management courses help them a long way in succeeding in their business ventures. On the other hand, students can also aspire to get into the corporate side. They can work at managerial or executive levels in various corporate and multinational companies. One of the many merits of management degree holders is that there is always an enormous demand for them in most of the fields of management; like Marketing, human resource, Finance, Operations, hospital management, event management etc.
It offers opportunity to grab Highest Paying Jobs..
There are also part—time management courses which will be very much helpful for working professionals from various fields. They can enhance their skills to boost their performance and pay in their corporate world. Last but not the least; a management degree is not just limited to jobs in the corporate sector. Even a large number of government companies and organizations recruit individuals with management degrees.
INSTITUTES OFFERING MANAGEMENT COURSES
Management has become a household name today. Surveys show that the field of management has been seeing a dramatic rise in the past few years, and the growth is certain to increase by many folds in the coming years. A management degree is a highly respected and very much sought after one. There are numerous reputed institutes in our country which offer a large number of management courses.
The first in this list comes are the IIMs. These institutes are the most prestigious in our country, and also in the world. These institutes are located over 7 cities in the country, namely, Ahmadabad, Bangalore, Calcutta, Indore, Kozhikode, Lucknow and Shillong.
Other next level institutes include, the Management Institute in Gurgaon; SP Jain Institute of Management and Research in Mumbai; Indian School of Business in Hyderabad; Faculty of Management studies in the University of Delhi; Xavier Labor Research Institute in Jamshedpur; Jamnalal Bajaj Institute of Management Studies in Mumbai; International Management Institute in New Delhi; Institute of Management Technology in Ghaziabad; Symbiosis Institute of Business Management, Pune; Indian Institute of Foreign Trade, New Delhi; and TA Pai Management Institute, Manipal.
The salary of a particular individual depends on the institute from which he passed out the type of job profile available. Students from IIMs and other reputed business schools are offered attractive payscale packages between 8 lakhs to 12 lakhs per annum.