If you're considering an MBA or PGDM, fill out the form below to get a call back from top management colleges.
A career in management is a major focus for students today. Management is a broad term. It can be defined as the process of overseeing a business and its operations. This is where new business policies are created, based on the facts and figures of a company's activities. To be a successful manager, you need understanding in decision-making, financial analysis, and interpersonal relations. Leadership capability and the skill to apply these under pressure are also crucial. The aim of management is to use available resources-human, physical, and financial-to achieve goals.
Work Areas for Master in Business Management
Professional managers typically work in five main areas. Students can aim to specialize in any of these:
A. Personnel or Human Resource Development:
HR professionals work to make an organization's human resources highly effective. Their responsibilities include recruitment, deployment, training, manpower planning, staff welfare, and industrial relations. This area also covers compensation, benefits, health and safety, employee welfare schemes, and change management.
B. Finance or Operational Work:
Finance management executives are responsible for their organization's financing. They handle budgeting, execute financial programs, and conduct benefit-assessment jobs.
C. Production:
This extensive area directs, coordinates, and controls the operational aspects of an organization. It involves the efficient use of humans, machines, and materials to plan physical production. Depending on the organization, it may also include planning, purchasing, material control, and equipment maintenance.
D. Marketing:
The marketing and sales department ensures goods and services reach the user. Marketing management involves planning strategies to deliver goods and services efficiently and at minimal cost. It includes market research, analysis of customer needs, new product planning, and sales forecasting. Marketing managers also implement policies and find customers.
E. Information Services:
Management Information Services hold significant importance. This area involves collecting, processing, and disseminating information to enhance an organization's capacity.
Bachelor of Business Administration - BBA
Bachelor of Business Administration (BBA) and Bachelor of Business Management (BBM) are career-oriented graduate courses that develop business management capabilities. It's a three-year bachelor's course, typically divided into six semesters, though some institutes use a yearly exam mode. This course increases a student's understanding of business administration and marketing. Students passionate about business or marketing can opt for BBA/BBM through distance education if regular study isn't possible. The course aims to provide knowledge in specific business areas like human resources, finance, and marketing.
Why BBA / BBM?
By doing BBA or BBM, students gain solid management knowledge, preparing them for work in... [Read More]
Part-time MBA
If you didn't get into your preferred institute or are employed with no time for regular classes, don't be frustrated. If you're interested in an MBA, consider part-time study to advance your career.
Qualification for Part-Time MBA:
a. A graduation degree with at least 45% marks in Arts, Commerce, or Science.
b. 2/3/5 years or more of executive or administrative experience in a reputable commercial, industrial, or government institute.
c. Applicants with over 55% marks in post-graduation may get relaxation from the minimum 45% graduation requirement.
Entry Process / Selection Procedure for Part-Time MBA:
a. Admission information is published in major newspapers and on institute websites. Visit Admission Guardian regularly for updates.
b. After filing application forms... [Read More]
If you want an MBA/PGDM, fill out the form below to get a call back from top management colleges.
How to Make a Career in Management
To become an expert in a specialty area, start as a trainee in an organization. Some prior qualifications and experience are necessary. Most organizations prefer qualified management graduates. Therefore, professional training is essential-begin by getting a management degree.
Course Details:
Management courses are offered as diploma, undergraduate, and postgraduate programs by private and state institutions. Generally, 10+2 passed candidates can opt for undergraduate degrees (BBA, BBS, BMS). For postgraduate courses (MBA, PGDBA), graduation in any subject and passing an admission process (CAT, MAT, XAT) is mandatory. Minimum percentage requirements vary but are generally not less than 50%. Final-year graduate students can also apply. Postgraduate courses often offer specializations. Executive MBA courses for business executives are available, and some institutions run part-time management courses.
CAT or MAT exams analyze a candidate's personality and knowledge. The objective question papers have no fixed set. After passing the written exam, candidates apply in a prescribed format. Selection is typically based on Group Discussion (GD) and Personal Interview (PI) performance.
Selection Procedure for Management Courses:
Most management schools follow a standard method. The Indian Institutes of Management (IIMs) and some institutes conduct the Common Admission Test (CAT) every December. Other institutions organize separate exams like the Management Aptitude Test (MAT). Advertisements are published in major newspapers, detailing the application method, exam venue, date, and time. The examination tests oral expression, problem-solving capabilities, and interpretation knowledge.
Period of Study:
Undergraduate courses last 3 years. Postgraduate courses are 1-2 years. Part-time MBA programs are typically 3 years.
Difference between MBA and PGDM
A common question upon leaving college is: MBA (Master of Business Administration) or PGDM (Post Graduate Diploma in Management)? Many are confused about the difference. The purpose of both is to build a management career. The key distinction is Degree versus Diploma. Some students hesitate at the word "Diploma." Let's understand these two courses... [Read More about MBA and PGDM]
If you want an MBA/PGDM, fill out the form below to get a call back from top management colleges.
Top Colleges for MBA
Due to high demand, the number of business schools has increased across the country. Some top national-level institutions running business management programs are:
A. Indian Institute of Management, Ahmedabad, Calcutta, Bangalore, Lucknow, Indore, and Kozhikode (Calicut)
B. Jamnalal Bajaj School of Management Studies, Mumbai
C. Xavier's Labor Relations Institute, Jamshedpur
D. Faculty of Management Studies, Delhi University
E. Narsee Monjee Institute of Management Studies, Mumbai
F. Symbiosis Business Management Institute, Pune
G. Institute of Business Management, National Council of Education, Bengal, Kolkata
H. International Management Institute, New Delhi
I. IEF, New Delhi
J. MDI, Gurgaon
Job Prospects After Management Courses
Liberalization, privatization, and globalization have created many opportunities for effective managers. More multinational companies are entering India, and Indian companies are pursuing joint ventures abroad. This opens attractive career paths for qualified managers. There is widespread demand for management graduates and highly skilled business professionals. Opportunities exist in:
A. Business Organizations / Corporations
B. Multinational Corporations
C. Industrial Institutions / Manufacturing Companies
D. Banks and Financial Institutions
E. Public Sector Enterprises
F. Advertising Agencies
G. World Bank, UNICEF, and other UN bodies
H. Counseling / Self-employment
I. Teaching / Research
Requisite Skills and Talents
Most managers have both expert background and administrative skills. You typically start by specializing in a specific task like marketing, operations, or manufacturing. Beginning at an entry-level post, you demonstrate learning ability and achievement to acquire management skills and promotions.
A. To become a manager, demonstrate competence in three areas:
I. Technical: Knowledge and understanding of a specific task's arrangement.
II. Human Relations: The ability to understand individuals and act effectively.
III. Conceptual: The ability to think and view relationships at a broad level.
Human relations skills are essential at all management levels.
B. As a manager, you spend most of your time with people and work. This develops skills for interpersonal activities:
I. Verbal and written communication
II. Concentrated listening capacity
III. Honest and direct conversation
IV. Sensitivity that inspires others
C. As you progress, you'll rely less on technical skills. The following become increasingly important:
I. Strong verbal and non-verbal communication skills
II. High energy level
III. Strategic work policy and business decision-making
IV. Honesty and integrity
V. Innovation and synthesis capacities
VI. Self-confidence and leadership capacity
VII. Strong problem-solving ability
Top Distance Education Universities for MBA
MBA is the most sought-after postgraduate degree in India. Each year, over 5,00,000 students complete MBA/PGDBM programs, and this number grows annually. An MBA from a prestigious university can open many career doors, with tens of specializations to choose from. Here is a list of top universities in India for MBA/PGDBM through distance education:
Indira Gandhi National Open University (IGNOU), New Delhi: The world's largest Open University, founded in 1985, currently serving over 37 lakh students worldwide. Considered the best for distance education in India.
Symbiosis Center of Distance Learning, Pune: The largest private distance education institution in India, offering postgraduate diplomas, diplomas, and certificates... [Read More]
You are welcome to Admission Guardian. We ensure your successful career and future in management by making admission easier and beneficial. An admission expert is available.
Mr. Manoj Kr. Jha
Career Counselor
Admission Enquiry
Avail Scholarship / Fee Waiver
General7 Common Mistakes to Avoid in Your JEE Main Exam PreparationOct 21, 2023
