Management

Management courses include degree courses like MBA, BBA, PGDM and also many other stream types like Hospital Management, Hotel Management, Aviation Management, Event Management, etc. These courses train students with skills required to enter various skill based industries like Hospitality, Banking, Financial Marketing, Sales and Marketing, WorkForce Management, etc.

• These courses are offered at both diploma and degree level. Apart from that, there are multiple certificate management courses, based on specific skills and topics.
• Students can pursue online management certificates also through websites like Udemy, Coursera, upGrad, FutureLearn, etc. Many certificate courses are free and self-paced.

Types of Management Courses

Eligibility Criteria (UG & PG) of Management Course

The minimum eligibility criteria that candidates must fulfil to be eligible for BBM/BBA courses are: 

• Aspirants must have completed their Higher Secondary Exam from any stream with a minimum of 50% aggregate marks
• Aspirants must have studied English as a compulsory subject in class 12
• Students coming from any background may pursue Management studies, but those with Commerce backgrounds will receive some relaxation in the cut off marks for admission
• Candidates who fulfill the above criteria must sit for the respective entrance exam conducted by the institute.

The eligibility criteria for pursuing further studies in Management at the postgraduate level include: 

Students can take up general management while they do their MBA. There are certain requirements that the students must keep in their mind:

• You should have completed 10th and 12th from a recognised board.
• At the 10+2 level, you should have scored a minimum of 50%, however, the mark criteria differ from each college.
• You should have a basic graduation degree from any field.
• A minimum of 55% is expected from the applicant.
• Students should qualify the entrance examination and interviews conducted by the respective colleges.

These are some of the basic criteria’s colleges look into. There could be other factors that determine admissions. It is recommended that students have a background in commerce for taking up this program. Even then, it is not mandatory.

Entrance Exams for General Management Course

Every college offers admission to general management course on the basis of an entrance exam. These entrance exams put to the test the various skills that are required in the general management field. Students need to sharpen their logical reasoning and analysis, quantitative aptitude, communication skills, problem-solving skills and their subject knowledge. Here are some of the entrance exams for general management course:

• CAT– Common Admission Test is conducted across various IIMs. Students who wish to study in these prestigious institutions will have to prepare for this entrance exam.
• GMAT– Graduate Management Aptitude Test assesses the student’s various skills. The exam results will provide an overall analysis of the student’s capability in the field.
• ATMA– It is conducted to provide admission to students in the MBA/PGDM programme. The exam is compulsory; those students who do not appear for the exam will not be provided admission.
• XAT– the Xavier School of Management conducts its own entrance exam. Being one of the premier institutes, the exam sees a lot of competition.
• MAT– All India Management association conducts its exam. Those who score well are provided admission into various MBA programmes.

The above-mentioned exams are for the master’s level. For bachelor’s, colleges conduct their own entrance exams.  Since there are no specialised courses in general management at the bachelor’s level in India, one can take up B.com or BBA and later can opt for MBA, where you get to take electives and specialisations.

Required Skillset for Management

Competitive as the business world is, anybody stepping into the profession with ambitions to reach the very top must have the right acumen and skills for it. Needless to say, stellar communication and leadership qualities top the list. Some of the other important skills include:

• Ability to work under pressure– A very important skill for thriving in a high-pressure career. A career in management can mean a hectic lifestyle with multiple deadlines to meet simultaneously, but with a flair for working under pressure ensures that you carry out all the work seamlessly.
• Research-oriented– Leading or managing a business requires you to always stay on top of things. This means staying updated about recent developments in the business world, technology world, the field of economics, and many others. A good management professional must therefore be research-oriented.
• An eye for detail– In the larger scheme of things, a lot depends on the smaller details. A good management leader has an eye for detail, ensuring that everything is placed to take operations forward.
• Problem-solving skills– Managers are often in charge of a team of employees, and it is their job to guide this team and supervise the operations carried out. In case problems arise, it is expected that the manager will be able to determine the best possible solution.

Course Subjects

Some of the common subjects taught at the undergraduate and postgraduate level to Management students related to this course are: 

• Microeconomics and Macroeconomics
• Principles of Management
• Principles of Marketing
• Cost Accounting
• Financial Accounting
• Banking and Insurance
• Operations and Supply Chain Management
• Research Methodology
• Financial Statement Analysis
• Human Resource Management
• Business Law
• Tax
• Management Accounting
• International Business and EXM
• Marketing Management
• Statistics for Management
• Risk Management
• India and the World Economy
• Corporate Finance
• Indian Economic and Political History
• Managerial Communication

Business Ethics

Scope of Management in India and Abroad

The scope for general management in India has been particularly good for many years now.  This field has been one among the sort after fields in India.  India has seen rapid growth in business, and the competition has intensified over the years. New industries and start-ups are emerging on an everyday basis. Hence the employment opportunities have increased. Even though the competition in the industry is at its highest, the recruitment rates have not declined.

Even outside India, the scope for general management is extremely good. All over the world, this field is receiving a lot of aspirants. Due to extreme competition, the candidates and applicants are determined to work hard and create a mark in the general management field.

If you take up General Management, you will have a wide variety of opportunities. You can work with a lot of companies in diverse fields.

Job Options After Management Courses

As management jobs are one of the most demanding options nowadays, employers look for candidates who are advanced with all the required managerial skills and latest trends.

Some of the most popular job roles after this management course, average salary and skills are mentioned below.

Business Analyst

A business analyst analyses a business domain, documents, process etc. They are responsible to guide and enhance the process, services of the business.

Starting Salary: INR 6 to 8 lakh

Skills Required

• Communication
• Problem Solving
• Critical Thinking
• Key Analyses
• Relationship Building
• Self-Managing

Business Development Manager

A business development manager is responsible to identify leads, maintain a relationship with contacts and works towards the growth of the business.

Starting Salary: INR 5 to 7 lakh

Skills Required

• Good Communication
• Interpersonal Skill
• Business Knowledge
• Creativity
• Organizational Skill

Brand Manager

A brand manager is responsible for analyzing the brand and makes a strategy for the target market of an organization they are working for.

Starting Salary: INR 4 to 11 lakh

Skills Required

• Analytical skills
• Communication skills
• Business Knowledge
• Organizational Skill

Marketing Manager

A marketing manager is responsible for managing the promotion of products and services of an organization. They create a marketing campaign, execute and analyze the performance along with managing the budget.

Starting Salary: INR 4 to 8 lakh

Skills Required

• Analytical skills
• Communication and Interpersonal skills
• Business Knowledge
• Organizational and Planning
• Develop and Execute Strategies

Human Resource Manager

A human resource manager is responsible for enhancing and managing a company’s human resource by managing and administering an employee’s life cycle and benefits for a competitive advantage of the business.

Starting Salary: INR 4 to 7 lakh

Skills Required

• Communication and Interpersonal skills
• Performance Management
• Organizational skills
• Administrative
• Approachability

Finance Manager

A finance manager is responsible for overseeing the financial health of an organization. They plan, manage and execute financial strategies and goals for the organization.

Starting Salary: INR 6 to 8 lakh

Skills Required

• Problem-Solving skills
• Analytical
• Commercial
• Numerical Ability
• Accounting