Business Administration : Job Prospects & Career Options
Business management is one of the most sought after careers, and a wide
range of opportunities are available for Business Administration graduates.
It is easy to get managerial or executive jobs for those who hold business
degrees especially an MBA degree. And from this executive post one has
an opportunity to climb the ladder and occupy the top most positions in
the company. As many MNC's are coming up and Indian companies are going
for joint ventures, there are ample career options in this field.
The major job prospects in the field of management are :
A Marketing manager is one who manages the marketing
techniques such as advertising, distributing and selling of a product
to the clients properly. He should understand the four Ps well that
are product, price, placement or distribution, and promotion or publicity.
A Financial manager has the responsibility of managing
the capital (finance) of the company. He should be very clear about
the budgeting of the company. A Human Resource Manager
is one of the most important persons of an organization as he manages
the manpower of the company. Recruitment, training, induction, employee
benefit administration, performance appraisal are some of the major
responsibilities of a Human Resource Manager of the company. An Operations
Manager is one who manages of the resources, goods and service.
Apart from these major areas, there are several specialised areas like
Information Technology, Hospitality, Tourism and Pharma Management.
MBA graduates with B-Tech background are highly in demand than the
other degree holders. Many Indian and foreign companies conduct campus
placements in the business schools so that the students can straight
away join any company as soon as they complete their course. One could
also choose the field of teaching as the Business schools are mushrooming
rapidly. Setting up one's own business is another option for the graduate
as he has sufficient knowledge about the industry through his education.
A good GMAT (Graduate
Management Aptitude Test) score is needed for better placement and
exposure in countries outside India. It is the standardized test required
for doing MBA or PhD in Business Management or any other graduate management
programmes from a business school in US, Europe and Canada. Some of the
foreign institutes prefer TOEFL and IELTS scores.
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