Business Administration
Wednesday, February 28, 2024
Education & Career
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Business Administration : Introduction

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Are you dreaming of becoming an icon in the business world? Acquiring a degree in business administration specially MBA (Master of Business Administration) will go a long way in helping you to climb the ladder of success. Business is omnipresent in our day to day life while we make a transaction no matter how small it is! Business is not only about buying and selling but also about innovating, growing and sharing. The field makes use of resources such as men, money, material and management.  Management studies discuss the effective utilization of resources through planning and direction, resulting in the successful operation of business.

Business administration is one of the most sought after careers and it is all about managing business functions such as finance, management, services etc. It can be defined as the process of managing and supervising the business and related operations of a company or organisation. Business Administration has become prominent with the rapid growth of industrialisation which made the industries think of a scientific approach towards business. As a result, a large number of business schools have come up rapidly all over the world, and a degree in Business Administration has become the norm. India is one of the major countries which offer good business education.

With a wide range of specialised fields like Marketing, human resource, operations, finance etc., Business administration is one of the glorious and most paid professions of this era. It is an achievement-oriented profession which has opened limitless opportunity in diverse spheres with the promise of rewards in the form of good remuneration, status and scope. Personal skills such as communication, analytical ability and professional skills like time management and presentation are needed for a bright prospect in this career. Many Indian and foreign institutes are giving professional coaching in this field and the highly paying placements through campus selection is an added attraction.

Master of Business Administration (MBA) is considered as the basic and ideal qualification for taking up a rewarding career in the field of management. Though there are several bachelor's degree programmes like BBA, BBM etc from where one could get the basics of Business Administration, it is only through MBA course that one can specialize in a particular field of Business Management. Having an MBA goes a long way in getting top management positions in the corporate world. It is the key to the continual success of careers in sectors like manufacturing, business, education, healthcare and other service sectors.

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It is also important to get an MBA degree from a good Business school as the competition tightens now. There are over 1500 B Schools in the country and students must be very careful while selecting the institute. A good Business school comprises of good study atmosphere, infrastructure, teachers as well as impressive placement records, business associations and industry interaction etc. that will help one to be more productive in his profession. Even though many institutes are offering full time and part time MBA courses, only such courses will be valued that have an approval of All India Council for Technical Education and the institute should be affiliated to a university. One should take all these matters into account while choosing an institute.

   business career , industry based career

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