Business Management Courses in India

Business Management refers to Management in all Business Areas and Organizational Activities aimed at uniting people together to accomplish desired goals and objectives. Business Management comprises planning, organizing, staffing, leading or directing and controlling an Organization. Business Management involves making profit for the shareholders, creating valued products at a reasonable cost for the customers and providing rewarding employment opportunities for employees. Business Managers have individual skills which are utilised to operate within any of the specialisations of an organisation. 

Some of its specialized fields are -

• Personal Management or Human Resource Development.
• Finance.
• Production and Operation.
• Sales and Marketing.
• Management Information Systems (MIS).
• Accounting.
• Product Research and Development.

Content

The study of this field includes all or few of these –

• Methodology of Business Studies.
• Business Environment.
• Emerging Trends in Management.
• Organisational Training /Project Work.

Objectives

• To research the market for profitable business opportunities.
• To manage Business in a responsible and ethical manner by addressing environmental issues and employee career goals.
• To ensure that all employees possess the information, skills, attitudes and motivation to use their full potential to achieve the firm's strategic goals.

Basic Requirement

One needs have passed XII in any subject stream with a good percentage to pursue a Graduate degree in Business Management Course. However, subjects such as Commerce, Economics and Mathematics are preferred as they give a better understanding of  Business Studies. Selection is either on the basis of class XII marks or through an entrance test. Post graduation in Business Management  studies require a undergraduate degree (BA, BSc. or BTech.) in any discipline and clearance of entrance selection processes. A requirement of a minimum of two years of work experience is likely to be introduced for eligibility to most master's programmes to keep them on par with international management courses. The IIMs at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore and Kozhikode (Calicut) are autonomous Institutions set up by the government of India which are renowned for their Management Courses. These are rated as the premier business schools within the country and are reputed abroad for the calibre of their alumni. 

Job Perspectives

The globalization of business has created ample job opportunities for Business Management Graduates. Labour, goods, and services are being exchanged more often than earlier. Manufacturing, communications, and transportation technologies with their various innovations have also helped in the growth of business all over the world. This has created a huge demand for Business Management Professionals. Therefore Fresh Business Management Graduates are usually recruited on-campus. Corporate organizations, multinationals, foreign banks, foreign financial institutions and others woo students from the top management schools with lucrative job offers. Most of the major business schools also initiate career placement schemes for the benefit of graduating candidate. MBA degree holders can join any Business Organisations as as Executive or Assistant Managers. 

Remuneration - MBAs are one of the highest earners in India. Remuneration package for the MBAs vary depending on the size and prestige of the recruiting organization, the candidate's qualification and the Institute of Training. they could be as low as Rs. 10,000 per month or as high as Rs. 2,00,000 per month for IIM graduates. An MBA degree holder with an additional professional qualification, like Chartered Accountancy (CA), Indian Cost and Works Accountancy (ICWA), Company Secretary (CS) or Chartered Finance Analyst (CFA), are eligible for higher pay packages.

Some Job Types

• Production Managers.
• Marketing Managers.
• Finance Managers.
• Management Accountants.
• Human Resource Managers.
• Research And Development Managers.
• Information Systems Managers.
• Business Consultants.
• Business Management Researcher.
• Business Management Professor.

Some Employment Areas

• Banks.
• Financial Organizations.
• Public Sector Enterprises.
• Industrial Houses.
• Business Houses.
• Export Companies.
• Multinational Companies.
• Marketing Organizations.
• Consultancies.
• Educational Institutes.