Career as Business Manager

Management implies the qualities of leadership and the capacity to motivate people
to work in order to achieve clearly defined objectives. It involves taking decisions
based on innumerable economic and other factors. Planning, scheduling, decision
making, controlling, etc., requires information whereas evaluation of technical,
economic and other factors make management techniques important. Management
education leads to specialization in marketing, sales, human resources and financial
divisions of most corporations and financial institutions.
About Business Manager :
Job Profile |
Employment Opportunities |
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Where to study?

Job Profile

The job business managers do includes

Planning and forecasting

Organising

Selecting staff and equipment

Controlling

Motivating

Researching

Communicating
Management hierarchy

Most organisations follow an operational hierarchy in management.

Junior management positions:

Management trainees undergo a period of

probation during which they are introduced to
the functioning of the organization. After
completion of this on-the-job training they
are assigned to junior level managerial
positions.

Management trainees work as junior most

executives and assist the executive cadre

Middle management positions: Divisional or branch manager, personnel

manager, accounts manager, stores manager, sales manager are senior positions
which form the middle level management in a firm.

They are a link between those assisting them

and the senior managers.

They coordinate, and direct work within the

organization as well as with agencies outside
the organization.

Middle managers, however, work for many

years at this level before moving to senior
positions. They are generally expected to
share wider responsibilities as they become
more senior at their levels.

Senior management positions: The senior management occupies key positions in

an organisation. They are managing directors, chief personnel manager, financial
controller, vice president, director, etc.

They are the planners of the firm.

They are responsible for formulation of

policies, developmental activities and also for
making suitable selection of junior and
middle level executives.
 They represent the management and the
organization.

From junior most position to the top level posts professional managers grow
according to their talent, competence and qualification.

Areas of specialisation

Areas of specialisation or Operational areas for managers in any enterprise are

marketing/sales, personnel, finance/accounts, production/engineering, materials
buying/purchase and in some enterprises export management and market research
or market intelligence.
Skills required

Leadership traits

Set viable goals

Accept responsibility

Ability to work with the team

Numerical aptitude is a useful

prerequisite

Attention to detail

Ability to organise and motivate others

Encourage co-operation

Sensitive and proactive to the demands

of the market

Good communication and listening skill

Initiative

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Employment Opportunities

Business Managers are the most sought after professionals as businesses are
expanding and foreign investments and businesses are coming to India. All large
businesses in IT, Financial, Hospitality, Exports, consultancies employ Business
Managers. The opportunities are increasing in diverse sectors such as rural
management, hospitality management, materials, sales, strategy, finance etc.
Earnings
3.37 Lakhs to 21.48 Lakhs per annum
(Salary data sourced from PayScale.com)
Earnings Details
Rs 20,000 to over a lakh or more per month

>> Read more about Employment Opportunities

How do I get there?

After 10 + 2 a graduate course in management

Bachelors in Business Studies/Business administration/Business
Management (BBS/BBA/BBM)

Management education may begin at the graduate level though most professionals
hold a postgraduate qualification. Undergraduate courses provide basic knowledge in
all operational areas of management. These courses are conducted by several
universities and business schools for students passing from school from all subject
streams. Admission to some prestigious universities is made through a selection
examination.

5-year MMS courses after +2

Few universities conduct 5 year integrated management course after +2. Birla
Institute of Technology, Pilani, a forerunner in the introduction of management
course for school leavers, admits students who have studied Physics, Chemistry and
Mathematics in Class XII to its 5 year MMS course after +2.

Management education for graduates - MBA

Management programs offer specializations in operational areas such as Marketing,

Finance, Personnel or Human Resource, Rural Management, Corporate Management.