Wednesday, July 11, 2012

Careers in Management

A career in Management is lucrative as well as well paying. In the modern era of fast changing technology, the expansive and comprehensive global market presents excellent career opportunities in different fields of management, wherein financial resources, human resources, natural resources and, of course, technological resources are widely utilized. Management is required in every field, but generally, management is symbolized to a career in business houses, hospitality industry, multinational firms, etc. Both the term and course of management is linked with one of the highest paid careers in today’s scenario.

Course Details
Management courses are offered at undergraduate and postgraduate degree/diploma levels, by private and government management institutes. Individuals can pursue these courses through distance learning mode also. Usually, a 10+2 pass candidate can take up undergraduate management degree programs, like BBA, BBS, BBM, etc. For post graduation courses, like MBA, PGDM, PGDBM etc., graduation is a mandatory minimum qualification. Courses at PG  level are offered with specializations in the specific field. Executive MBA programs for working professionals of short duration and part-time management courses are conducted at various leading B-schools. Management courses can be specialized in the fields of marketing management, information technology, hospitality management, international business management, event management, human resource management, business management, financial hospital management, operations management, media management, sports management, and many more. Most of the  management institutions in India admit students through entrance tests, like CAT, MAT, SNAP, etc.

Career Prospects
A career in management is lucrative. A fresh graduate from a reputed B school can get very good job offers in campus placement. He can work at managerial and executive levels in corporate houses and multinational companies. A person can also start his own business after doing MBA degree. For working people of various fields, part-time diploma/certificate courses in management can enhance their skills and improve their chances of climbing the ladder of hierarchy in their profession. Management graduates can also get jobs in government sectors.

Institutes Offering
Some of the most prestigious institutions for pursuing a management program in India are: 

  • Indian Institute of Management (IIM) at Ahmedabad, Bangalore, Calcutta, Indore, Kozhikode, Lucknow, and Shillong; 
  • Indian School of Business, Hyderabad;   
  • SP Jain Institute of Management & Research, Mumbai; 
  • Management Development Institute, Gurgaon; 
  • Xavier Labor Research Institute (XLRI), Jamshedpur; 
  • Jamnalal Bajaj Institute of Management Studies, Mumbai; 
  • Faculty of Management Studies, University of Delhi, New Delhi;
  • Institute of Management Technology, Ghaziabad; 
  • International Management Institute, New Delhi; 
  • Symbiosis Institute of Business Management, Pune; 
  • Indian Institute of foreign trade, New Delhi; 
  • Narsee Monjee Institute of Management Studies, Mumbai; 
  •  TA Pai Management Institute, Manipal.

Remuneration in the field of management largely depends on the type of institute one gets his degree. After completing a graduate course in management, one can expect a salary ranging from Rs. 10,000 to Rs. 15,000 in the beginning. An MBA degree holder can be offered up to Rs. 25,000 as an initial package in multinational companies. Graduates from IIMs and other top B-schools are offered attractive salary packages, ranging from Rs. 8-12 lakhs per annum, or even more, depending upon the hiring organization and the students’ ability.

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