Business management
What is Business Management?
The objective of business management specialization is to provide complete information and perspective about the management skills required to run an enterprise or business. The focus of all efforts from planning, organizing, execution, direction to implementation is to enhance the analytical and logical thinking skills of students / candidates. In every industry, there is a need for professionals who can conduct all the operations and also establish synergy between different departments. Through the business management course, business managers become capable of working as a support mechanism in the smooth running of the organization.
Why choose Business Management?
Candidates can choose the option of business management to form the foundation of their career because first of all it is a broad subject that helps you to build a strong foundation for the later years of your career. Another advantage of making a career in business management is that it offers a good salary package and by doing this course you can start a job or start your business in government and private sector. If you have admirable organization skills, you have very good soft skills and you can take care of all the work of the organization, then you can make a successful and brilliant career in the field of business management.
Role of business manager
Business managers are mainly responsible for all the work from the organization, including all the work from the making of the plans to their implementation and also collaborating with the stakeholders related to this plan. Whether it is the work of budgeting for the next quarter or any work related to making a trip plan, the managers are the people on whom the organization fully trusts. Basically, managers take any decision keeping in mind the benefits of the organization. The heads of all departments, including marketing, finance, or human resources, report to the business manager and the business manager reports to the company’s CEO or MD. Therefore, the business manager plays the most important role as a mentor for conducting all the tasks in any organization.
What are the types of business management courses?
Nowadays business management courses have become the most preferred career option of the candidates as these courses offer a great career option. These degree and diploma courses are conducted by every institute nowadays, so instead of being confused about the type or type of courses, we should first get to know about these courses and then, you can choose the best option for you .
diploma course
Diploma in Business Management is a 1-year course that you can do after senior secondary level. After doing this course, you can do an entry level job in any organization where you will have to work at the lowest level in the hierarchy or hierarchy of the organization. However, doing jobs at a young age has its benefits.
Undergraduate course
The undergraduate course is known as BBM ie Bachelor, Business Management. The duration / duration of this course is 3 years and upon completion of this course you are awarded a degree from the affiliated college / institute or university.
Postgraduate course
Postgraduate course is commonly known as M.Com (Business Management) / Master of Commerce, Business Management or Master in Management. The duration of this degree course is 2 years.
Doctoral course
In the field of management, doctoral course or PhD in business management has a duration of 3 years and this course can be done from various management universities. This course is taught under the semester system and provides an opportunity to students to research topics that can bring positive changes in the existing practices implemented by the organization.
How to get admission in Business Management courses?
Now you must be wondering that if business management course is so interesting, then how can one get admission in this course? This is a very simple process! All you need to do is to get information about the associated eligibility criteria and entrance exam so that you can get admission in a good B-school. Now we discuss this in detail here:
Eligibility Criteria
The Eligibility Criteria is the first level from which you can analyze your eligibility or eligibility before applying for a business management course. If you fulfill all the conditions mentioned in the checklist, then of course you can apply in the entrance exams related to business management.
diploma course
You can apply for diploma course after completing senior secondary level studies. Some universities may ask for work experience while some other universities admit only on the basis of merit list prepared according to the marks obtained by the student in the entrance exam.
Undergraduate course
To apply in an undergraduate course, you have to pass 10 + 2 exam with at least 50% marks. At the senior secondary level, ie in 12th class, English is read as a compulsory subject and if you have taken commerce subject then you are given preference.
Postgraduate course
If you have an undergraduate degree from a recognized university or institute with at least 50% aggregate marks, then you can apply for postgraduate course.
Doctoral course
To get admission in doctoral degree or PhD, you must have obtained a postgraduate degree or equivalent qualification with at least 50% total marks in an appropriate subject.
Entrance exams
To take admission in various professional courses, only entrance exams are entry tickets. Students must pass the entrance exam, only then can those students get a seat in a good business management institute. Now we discuss various examinations, after passing it, you can take admission in various management courses:
diploma course
Diploma course exams are conducted by various state level institutes and these exams are taken separately for each state. Apart from these exams also, you can apply for NPAT organized by NMIMS, Mumbai.
Undergraduate course
- IPM Aptitude Test: Indian Institute of Management Indore Integrated Program, Management Aptitude Test
- NMAT (UG): NMIMS Management Aptitude Test (Undergraduate)
- GAT UGM: Geetam University Admission Test
- GGSIPU CET: Guru Gobind Singh Indraprastha University Common Entrance Exam
- DU JET: Delhi University Joint Entrance Exam.
- Christ University BBA Entrance Exam
- Set: Symbiosis entrance exam
- UGAT-AIMA: Undergraduate Attitude Test-AIMA
Postgraduate course
- AIMA Management Aptitude Exam (MAT)
- Common Management Entrance Exam (CMAT)
- Common Entrance Exam (CAT)
- Graduate Management Admission Test (GMAT)
- IBS Aptitude Test (IBSAT) 2018
- IGNOU OpenMate
- IIFT MBA (IB) entrance exam
- Karnataka Management Aptitude Test (KMAT)
- NMIMS Management Admission Test (NMAT)
- Xavier Aptitude Test (XAT)
- UPES Management Entrance Test (MET)
- TANCET
Doctoral course
- Department of Management Studies IIT Delhi Entrance Exam
- University of Delhi, Faculty of Management Studies Entrance Exam
- Management Development Institute Entrance Exam
- Indian Institute of Foreign Trade Entrance Examination
- National Institute of Industrial Engineering Entrance Examination
- Christ University Entrance Exam
Narsi Monjee Institute of Management Studies Entrance Exam
Career Prospects of Business Management Course
By specializing in business management, budding entrepreneurs and future managers get unlimited career options. This field requires professionals possessing dynamic and flexible skills so that innovative methods can be adopted in business management. If you are expert in solving all kinds of problems and never give up, then this can prove to be the best career option for you.
Job Profiles for Business Management Graduates
When you enter the said industry, you may not be directly recruited to the manager’s post in an enterprise. However, following are some popular job profiles for business management graduates:
- Managing Director
- Vice President
- Chief Executive Officer (CEO)
- Senior Marketing Manager
- Country Manager
- Deputy General Manager
- Human Resource Manager
- Marketing Manager
- Business Manager
- Business Consultant
- Business Analyst
- General Manager
- Management Accountant
- Accounts Head
- Office Coordinator
Salary Prospects for Business Management Graduates
Salary prospects are great for business managers because it is a field that offers various job opportunities regardless of the economic condition in business or industry. Based on the experience of the business manager, here are the details of the trends generally followed by recruiters in the industry for your convenience:
Experience salary statement
Entry Level Rs. 202,521 – Rs. 1,005,303
Mid-Career Rs. 339639 – Rs. 1765314
Experienced Rs. 422752 – Rs. 2932910
Late Career Rs. 1006707 – Rs. 4502085
Source: Pescale.com
Top Universities to do business management courses
In the field of business management, many universities and institutes offer diploma, graduate and postgraduate level degrees. Here we have presented a list of those main universities from where you can do any business management course of your choice. To give admission to the students, these universities conduct their own separate entrance examinations. Information about these universities is given below:
Serial Number Institute Location
1 Delhi University Delhi
2 Guru Gobind Singh Indraprastha University Delhi
3 Mumbai University Mumbai
4 Symbiosis International University Pune
5 NMIMS University Mumbai
6 Bharati Vidyapeeth Deemed University Pune
7 Christ University Bangalore
8 VIT Business School Tamil Nadu
Top recruiters from Business Management domain
There is no dearth of organizations for business management graduates. Whether it is an industry or academic institute, every enterprise needs a business manager. However, the names of the most popular of all industries or organizations are given below. These top recruiters offer career development opportunities to business management graduates as well as a very good salary package. See the names of top recruiters here and find a suitable job for yourself in any of these industries:
- Amazon.com Inc.,
- Tata Consultancy Services Ltd.,
- Infosys Limited,
- Flipkart,
- Sapient Corporation,
- Snapdeal.com,
- PayPal, Inc.
- Wipro Technologies Ltd.,
- Cognizant,
- Reliance Communications