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Top Management Colleges - India

Effective management is the key to the successful growth of companies and organizations. It is the base of organizing our day-to-day life activities.

It aids in managing essential tasks systematically and efficiently. Management of a company works at different levels to manage the overall performance of the company. Professionals working at managerial levels are goal-oriented and highly committed to achieving organizational goals. 

Are you interested in becoming a manager? If yes, then read this article till the end to discover various career opportunities after pursuing management courses. We will cover all the details of management including its career opportunities in this blog. Continue reading further to understand the basics of entering into the management field.

What is Management? Definition and Overview

Management is the art of planning resources efficiently and effectively to achieve the organizational goal. It is a technical process of utilizing the available resources for the completion of specific tasks at minimum expenditure.

Levels of Management

  • Top Level Management: Top level management team consists of chief executives and a board of directors. They focus on the planning and execution of effective strategies to manage a successful business.
  • Mid-Level Management: Middle-level management includes branch and department managers. They are directly answerable to the top-level management. They are responsible for preparing the overall reports and analytical data for their seniors.
  • Lower Management: Lower management includes supervisors and foremen who are responsible for supervising the quality and quantity of production. They also focus on maintaining discipline and harmony in the workplace.

Importance of Management

The availability of the management team is important for achieving long-term organizational goals. Managers ensure the smooth functioning and growth of the company while utilizing the available resources at minimum expenditure. The work efficiency of a company depends on the skills of its managers.

  • It works towards cost reduction: Management helps in managing the available resources effectively and efficiently for cost reduction purposes. It works towards planning and calculation of resources, manpower, and machinery to ensure maximum returns on minimum inputs.
  • It ensures the optimum utilization of available resources: Management helps in selecting qualified employees with the required skill set to prevent excessive manpower. It works to ensure the maximum utilization of available resources to avoid wastage by searching for the best alternatives to scarce resources.
  • It helps in achieving long-term goals: Management is responsible for planning and executing to achieve goals. Managers direct their groups and integrate the available resources efficiently to attain long-term goals without any waste of time and effort.
  • It contributes towards establishing a strong organization: Managers divide groups and distribute responsibilities to the right person having a well-defined skillset. They ensure the smooth functioning and financial stability of the organization.
  • It maintains organizational equilibrium: Management continues to work towards the growth and survival of the organization. It helps the organization to adapt the organization according to the ever-changing societal needs and market conditions.

Objectives of Management

  • Organizational Objectives: The management of the company is responsible for working towards achieving long-term organizational objectives such as survival, profit, and growth. The top management team works towards the growth of the company while keeping the interests of all the stakeholders in mind. 
  • Social Objectives: The management of the company is also responsible for benefitting society in some or the other way. For instance, many companies run Corporate Social Responsibility campaigns to add to the societal benefits.
  • Personnel Objectives: Management officials are highly responsive to arranging for various employee engagement activities to cater to the overall development of their employees. They initiate training programs to level up the efficiency and working capacity of employees. 
     

What are the Courses at UG and PG Level Under Management?

Various management courses are designed to educate aspiring managers. These courses are specially designed to teach the foundation and basics of management in different disciplines like finance, marketing, hospitality, human resources, etc. They provide you with an in-depth understanding of management principles and understanding. 

Undergraduate Management Courses

If you are looking forward to making a career in management, you should opt for a full-time bachelor's degree in management. Various universities and colleges offer bachelor's degrees in different disciplines of management. You can choose either of them according to your interest. 

Pursuing a bachelor's degree in management from a reputed institute can land you a long-term career in management. UG courses in management are 3-year programs that are designed to help students learn the basic principles and build a strong foundation in the field of management.

The following are some of the popular undergraduate management courses:

  • Bachelor in Business Administration
  • Bachelor in Business Studies
  • Bachelor in Management Studies
  • Bachelor in Sports Management
  • Bachelor in Hotel Management
  • Bachelor in Hospital Management
  • Bachelor in Travel & Tourism Management
  • Diploma in Marketing Management
  • Diploma in Business Administration

Postgraduate Management Courses

Postgraduate management courses are designed to teach professional skills to students who have already completed their graduation. These courses can help you build strong interpersonal skills with real-time projects. You can either opt for general PG management courses or specialized management courses.

A Master’s in management is the most sought-after course for professionals who want to enhance their managerial skills in different disciplines. The following are some most popular postgraduate management courses:

  • Master’s in Business Management
  • M.Sc. in Management
  • Master’s in Hotel Management
  • Master’s in Hospital Management
  • MBA in Finance
  • MBA in Sales & Marketing
  • MBA in Human Resources Management
  • MBA in International Business
  • MBA in Operations Management
  • MBA in Business Analytics
  • Post-Graduate Diploma in Management
     

Educational Requirements – Important Exams One Should Appear for Pursuing a Career in Management

Admissions in various UG and PG courses are based on merit scores and entrance exams. We have mentioned some common competitive state-level and national entrance exams that you should appear in; while seeking admission to management courses:

Management Entrance Exams After 12th

The following are some popular entrance exams in which you can appear after completing 10+2 from a recognized board for pursuing a career in management:

  • SET: Symbiosis National University conducts Symbiosis Entrance Test (SET) for admission to BBA. Students who want to pursue a career in management can appear for SET after completing their 10+2 from a recognized board.
  • AIMA UGAT: All India Management Association (AIMA) conducts AIMA Undergraduate Aptitude Test (UGAT) for students who want to pursue their bachelor's in management. It is a national-level exam conducted for admission to BBA and integrated MBA courses.
  • DU JAT: National Testing Agency (NTA) conducts Delhi University Joint Admission Test (DU JAT) at a national level for admission to deserving candidates in BBA in the top colleges of Delhi University.

Management Entrance Exams After Graduation

The following are some popular entrance exams in which you can appear after completing graduation from a recognized college or university for a career in management:

  • CAT: Common Admission Test (CAT) is one of the most popular national-level competitive exams when it comes to pursuing a career in management. It is conducted every year in November by the Indian Institute of Management. The validity of the CAT scorecard is one year from the date of the result declaration.
  • MAT: All India Management Association (AIMA) conducts Management Aptitude Test (MAT) every year quarterly. It is a national-level exam for admission to top business schools in India.
  • XAT: Around 600+ Indian business schools accept Xavier's Aptitude Test for admitting eligible students in their MBA programs. Xavier Labour Relations Institute in Jamshedpur conducts this test every year on the 1st Sunday of January.
  • GMAT: Graduate Management Aptitude Test (GMAT) is common among students who want to pursue their MBA from top-notch international universities. You can retake GMAT 4 times in a year and increase your score. Its scorecard is valid for five years from the date of the result declaration.
  • SNAP: Symbiosis National University conducts Symbiosis National Aptitude Test (SNAP) for admission to MBA in its 15 colleges. The students who clear the exam are then required to appear for group discussions and personal interviews before releasing the final merit list.
     

Career Opportunities After Doing Management Courses

A degree in management helps you understand the basics and principles of management. It develops your overall personality and managerial skills. You can get your dream job in various disciplines like finance, business management, economic management, marketing, etc. after pursuing a degree in management. Every organization requires management professionals to maintain the work efficiency and smooth functioning of the company. 

You can get the following roles after studying management courses:

Job Title

Average Annual Salary

Operations Manager

INR 7 Lakhs

Business Analyst

INR 8 Lakhs

Finance Manager

INR 8 Lakhs

Human Resource Manager

INR 7 Lakhs

Marketing Manager

INR 8.5 Lakhs

Customer Relationship Manager

INR 5 Lakhs

Project Manager (IT)

INR 12 Lakhs

Business Development Manager

INR 6 Lakhs

 

Conclusion

The requirements for different managerial positions may vary from industry to industry. Before pursuing a career in management, you must clearly understand the functioning and need of the industry you want to enter. You should continuously improve your skill set to excel in your career and get promoted to top-level management. With the right managerial skills, strong decision-making power, and deep knowledge of your field, a career in management can prove to be rewarding and exciting.

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