Career In Management
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Liberalized economic policy, growing number of multinationals, quest for profit and fierce competition has increased the demand of MBA professionals many-fold in almost every field. Business Management has opened up limitless opportunities with good remuneration, status and scope for professional and personal growth.
Business Managers have multiple career options in public and private sectors. Banks, financial institutions, corporate houses, government departments, industries, media, publishing and public relation firms, export and import companies, investment firms, NGOs, recruit managers for efficient and profitable functioning. Management professionals also can opt to become entrepreneur or run consultancy.
Managers can get Rs. 20,000 to Rs. 70,000 per month salary. Students from reputed institutes like IIMs and ISB can get more than 10 lakh rupees per month in international companies.
Under-graduate (BBA)/Post-graduate (MBA/Executive MBA/Distant MBA courses offers numerous job opportunties. For BBA 12th std pass and For MBA (2 year course) graduation or equivalent degree is essential. Admission is given on the basis of a written test, group discussion and personal interview. Separate tests are conducted by different institutes. For Excutive MBA industrial experience is taken into consideration.
- Organizational and administrative skills.
- Problem-solving ability.
- A knack for working under pressure.
- Good communication skills.
- Analytical skills.
- Leadership skills.
- Practical knowledge.
- Ability of handling team
- Ability to make smart decisions.
- Ability to work hard and readiness to work for long hours.
- Accuracy.
- Creativity.
- Flexibility and adaption of new methodologies.
- High intellectual capability.
If you record “Yes” for maximum questions then it indicates that you have potential for perusing career in the field of Management.
- Do I have high intellectual capability?
- Do I have ability to focus and concentrate?
- Do I think logically?
- Do I have good computer skills?
- Do I have perceptive and probing mind?
- Do I have ability to handle enormous amount of data?
- Do I have ability to get well with people and good communicational skills?
- Am I ready to travel frequently and even in foreign countries?
- Do I like systematic way of working?
- Do I have ability to work independently?
- Do I have analysing and interpreting skills?
- Do I read latest reviews, books and research magazines on management?
- Do I creative ability?
- Do I study for 10-14 hours per day as normal routine?
- Do I have keen observation?
- Am I ready to learn and adopt new techniques?
- Do I like to work as a member of team?
- Do I have computer skills?
- Do I have problem solving ability?
- Do I have good planning ability and a knack for working under pressure?
- Retail Management,
- Human Resource Management
- Real estate management
- Production management
- Construction management
- Rural management
- Materials management.
1. Careers in Retail Management: India has emerged as one of the top ten retail markets all over the world. There are approximately 4.3 million retail outlets spread over the nation and which needs about 3.25 million retail personnel at present. Retail management is a promising and highly remunerative career option today with the proliferation of supply chains, shopping complexes, malls and multiplexes in metros and in developing cities. The retail management offers limitless job opportunities in supply chains, exporting houses and departmental stores. Manufacturing companies, banks, finance and insurance companies, telecommunication companies, education and health care industry absorb a large number of retail managers. Eligibility: MBA (RM) from reputed institutes. Diploma in retail management (DMR) is open to all graduates from any background.
Institutes offering Retail management courses:
- Narsee Monjee Institute of Management and Higher Studies, Mumbai. www.nmims.edu
- Birla Institute of Management and Technology, Noida. www.bimtech.ac.in
- Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad. www.icfai.org
- Indian School of Retail, Delhi. www.indianretailschool.com
- Institute for Integrated Learning in Management, Gurgaon. www.iilm.edu
- Welingkar Institute of Management, Mumbai. www.welingkar.org
- National Institute of Business Management, Chennai. www.nibmglobal.com
- Symbiosis Centre for Distance Learning, Pune www.scdl.net
- National Institute of Retail Management (NIRM), Bangalore. www.nirm.co.in
2. Careers in Human Resource (HR): Success of industry and company is mainly depends on the human resource efficiency. HR professionals deal with the recruitment of new employees, conducting tests and interviews, managing employees’ benefits and resolve minor grievances of employees.The main task of Human resource managers is to use efficiently and effectively the available skills and talent of the employees within the organization. Human Resource managers can seek employment in public and private sector industries, banking and financial institutions, corporate houses and multinational companies, education industry. Eligibility: MBA (HR).
Institutes:
- Xavier Labour Relations Institute, Jamshedpur. www.xlri.ac.in
- Xavier Institute of Management, Bhubaneswar. www.ximb.ac.in
- IIM (Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Kozhikode and Shillong) www.iimahd.ernet.in
- Indian School of Business, Hyderabad. www.isb.edu
- Faculty of Management Studies, Delhi University. www.fms.edu
- Jamnalal Bajaj Institute of Management Studies, Mumbai. www.jbims.edu
- Management Development Institute, Gurgaon.www.mdi.ac.in
- Narsee Monjee Institute of Management Studies, Mumbai. www.nmims.edu
- Symbiosis Institute of Business Management, Pune. www.sibm.edu
3. Careers in Real Estate Management: Property and Real Estate Managers help to coordinate all financial as well as administrative operations of real estate investments. Property & Real estate Managers get jobs with real estate departments in banks, NBFCs, trust companies, estate firms, community association management companies and national and international property management firms. Remuneration: Top level real estate manager can earn a salary of Rs. 70,000-1,00000 per month along with other fringe benefits. Eligibility: MBA (Real Estate Management) is desirable. Post-Graduate Diploma and Certificate level courses are desirable.
Institutes:
- Delhi Business School, Delhi.www.dbs.edu.in
- IILM Institute for Higher Education, Gurgaon. www.iilm.edu
- Yajnas Academy of Real Estate Management (YAREM), Hyderabad.
- Institution of Estate Managers and Appraisers, Kolkata. www.iesma.net
- International Institute of Real Estate, Investment and Finance, Delhi.
- St Xavier College, Kolkata. www.sxccal.edu
Distance courses: Centre for Continuing and Distance Education, Raipur and Karnataka State Open University Mysore
4. Careers in Production Management: Production Managers are experts in technical aspects of the production process. A production manager deals with the overall production process, economic efficiency and in-time delivery of goods and services. Production Managers gets jobs in manufacturing industries viz. automobiles, engineering goods, heavy machinery, iron-steel and other metal industries, chemical and fertilizer, biotechnology industries, agro-base industries, telecom industries, etc. Eligibility: B.E/B.Tech degree along with MBA (production management). Engineering/Technology graduates have relative advantage over general graduates.
Institutes offering training courses:
- International Council for Management Studies, Chennai. www.aicomas.org
- All India Institute of Management Studies (AIIMAS), Chennai. www.aiimas.com
- Indian Management Training and Research Institute, Jalandhar.
- Modern Institute Of Management, Delhi. www.templeoflearning.com
5. Careers in Construction Management: Liberalization and growing economy has resulted in many new infrastructure development projects particularly in the area of transportation, power, petrochemical, telecom, information technology and real estate. Construction/Project managers have limitless employment opportunities both in public and private sector infrastructure development companies. In public sector air port, highways, port development, institutions, railways and defence are among the top employer of construction/project managers. Experienced project managers also can work independently as consultants. Eligibility: MBA (Construction Managment). Diploma and Certificate level courses in construction/project management. Bachelor in Engineering/Technology/Architecture students is eligible for these courses.
Institutes
- National Institute of Construction Management and Research (NICMAR), Pune. www.nicmar.ac.in
- The Centre for Environmental Planning and Technology, Ahmedabad. www.cept.ac.in
- Indian Institute of Technology, Madras. www.iitm.ac.in
- Anna University, Chennai. www.annauniv.edu
- Distance learning courses Indira Gandhi National Open University (IGNOU), New Delhi www.ignou.ac.in
6. Careers in Rural Management: Professional Rural Managers are required to assist the villagers in their process of development. They get employment opportunity in government’s developmental agencies and Non-Government Organizations. Highly talented managers can find lucrative job options in UN and its specialized agencies or programmes run by them. International NGOs prefer rural managers for various projects related to rural development. Eligibility: MBA
Institutes offering training courses in rural management:
- Indian Institutes of Management, Ahmedabad and Calcutta. www.iimahd.ernet.in
- Institute of Rural Management, Anand. www.irma.ac.in
- National institute of Rural Development, Hyderabad www.nird.org.in
- Gandhigram Rural Institute, Dindigul District (TN) www.tn.gov.in
- Indian Institute of Rural Management, Jaipur www.iirm.ac.in
- Xavier Institute of Social Service, Ranchi www.xiss.ac.in and
- Tata Institute of Social Science, Mumbai. www.tiss.edu
7. Careers in Materials Management: It provides limitless job opportunities with attractive pay packages are available in material management. They can be employed in purchasing, storing and supplying departments of defence, railways, public transport, etc. They also can find lucrative employment opportunities in industrial establishments, corporate houses, supply chain industries, etc.Eligibility: MBA in any discipline. However, some institutes prefer only engineering graduates.
Institutes offering training courses:
- Indian Institutes of Materials Management, Mumbai www.iimm.org
- Balaji Institute of Management Studies, Pune www.bimmpune.com (Distance learning).
- Banks
- Institutes.
- Companies.
- Industries.
- Educational institutes.
- Business houses.
- Business firms.
- Management colleges.
- Government offices.
Diploma courses
- Diploma in Foreign Trade Management
- Diploma in Marketing Management (DMM).
- Diploma in Hotel Management
- Diploma in Tours and Travel management
- Diploma in Export Management
Bachelor programmes
- Bachelor in Hotel Management, Travel & Tourism (BHMTT)
- Bachelor in Business Administration (BBA)
- Masters of Personnel Management (MPM).
- Masters of Marketing Management (MMM)
- Masters of Management Sciences (MMS)
- MBA Pharmaceutical Marketing
- Post-graduate Diploma in Agri-business management
- Post Graduate Diploma Import & Export Management (PGDIEM)
- Post-Graduate Diploma in Hospital Management (PGDHM)/ PGDBM /PGDFS /PGDEM)
- Post-Graduate Diploma in Event management
- Post-Graduate Diploma in Energy Management.
- Post graduate Diploma in Fitness management (PGDFM).
Criteria for selection of B-school:
- Course content.International exposure.
- Placements.
- Admission procedure.
- Amount of fees.
- International linkages.Industry interface.
- Affiliation with University or AICTE.
- Autonomous coursed should be selected with caution.
- IIM (Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Kozhikode and Shillong). www.iimahd.ernet.in
- Xavier Institutes (Jamshedpur and Bhubaneswar). www.ximb.ac.in
- Indian School of Business, Hyderabad. www.isb.edu
- Jamnalal Bajaj Institute of Management Studies, Mumbai. www.jbims.edu
- Narsee Monjee Institute of Management Studies, Mumbai. www.nmims.edu
- Symbiosis Institute of Business Management, Pune. www.sibm.edu
- Indian Institute of Foreign Trade, Delhi. www.iift.edu
- Institute of Management of Technology (IMT) Ghaziabad www.imt.edu.
- Sinhagadh Institute of Hotel Management and catering Technology. www.sinhgad.edu
- Yashwantrao Chavan Maharashtra Open University, Nasik http://www.ycmou-st.com
Online Bachelor Degree in Business Management institutes:
- University of Phoenix, Phoenix www.phoenix.edu
- American Inter Continental University, Hoffman Estates www.aiuniv.edu/AIU-Online - United States
- Ellis College of New York Institute of Technology Online ellis.nyit.edu
- Capella University, Minneapolis www.capella.edu
- Amberton University, Garland www.amberton.edu
- DeVry University Online www.devry.edu/online-options/online-degree-programs.jsp
- Bellevue University, Bellevue www.bellevue.edu
- Entrance examination for MBA: Management test papers are set with the aim to find out the standard of knowledge, the aptitude of the candidate and ability to take admission in a management program. CET exam conducted by different states.
- Graduate Management Admission Test (GMAT): It is for admission in leading business schools worldwide. The Graduate Management Admission Test® (GMAT) is a critical part of the selective admissions process for nearly 4,000 graduate management programs at 1,800 schools around the world. http://www.gmac.com/gmac/thegmat
- ATMA (AIMS Test For Management Admission): ATMA is an all India test that helps potential candidates gain entry into over 350 Indian management schools in various national and international forums. The selection is done purely based on the candidate’s performance. www.atma-aims.org
- Commonwealth Executive Master of Business Administration (CEMBA) and Commonwealth Executive Master of Public Administration (CEMPA) programs: Admission test is conducted by the Indira Gandhi Open University twice every year for admission. www.col.org/cemba
- Common Admission Test (CAT): The common admission test or CAT is conducted by the Indian Institutes of Management (IIM's) every year. The test is conducted to find out the aptitude of the prospective candidates and their ability to undertake the management programs offered by the institutes. Candidates who appear for CAT can apply to a total of 40 other institutes apart from the IIM's. This examination is held online. www.catiim.in
- ICFAI Business School Aptitude Test (IBSAT): ICFAI business school conducts IBSAT aptitude test every year to short list candidates who wish to take admission in its management programs. Candidates who wish to apply for the 2 year post graduate management program or the 1 year executive management program can appear for the IBSAT test. By passing the IBSAT test, candidates can apply for admission to any of the ICFAI business schools situated in Ahmedabad, Bangalore, Bhubaneswar, Chandigarh, Chennai, Goa, Gurgaon, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Lucknow, Managalore, Mumbai, Noida and Pune. www.ibsat.org
- Indian Institute of Foreign Trade (IIFT) MBA Admission Test: The Indian Institute of Foreign Trade conducts its admission test every year for candidates who wish to get admission in its 2 year management programs. IIFT has campuses in New Delhi and Kolkata. www.ibsat.org
- Management Aptitude Test (MAT): All India Management Aptitude Testing Service (AIMATS), New Delhi conducts a Management Aptitude Test (MAT). Post Graduate Diploma in Management (PGDM), Post Graduate Diploma in Information Technology & Management (PGDITM) are offered by All India Management Association (AIMA-CME) or other Management Institutes (MI).
- Management Entrance Test (JMET): It is conducted for the admission to the two year full time Postgraduate Degree Programmes in Management offered by the IITs (Currently IIT Bombay, IIT Delhi, IIT Kanpur, IIT Kharagpur, IIT Madras and IIT Roorkee).
- Xavier’s Admission Test (XAT): Admission Test on all India level to select the most appropriate students for management education. More than 60 Management Institutes select students for XAT associate Institutes. http://www.xlri.edu
- Institutes of Management Technology Entrance (IMT): Admission for doctorate, post graduate and diploma courses. Distance mode education available.
- Symbiosis National Aptitude Test (SNAP) for autonomous post-graduate programmes.