MBA (Master In Business Administration)
Career Scope in MBA (Management)
- "The complete business structure required to properly design, manage, enable, and execute a mutually beneficial, interpersonal exchange of products and/or services for equitable value," according to one definition. This profession's key responsibilities include exhibiting items and services, negotiating sales, and offering after-sales services via face-to-face or telephonic communication.
- Marketing is the perfect job choice for folks who enjoy strategizing and seeing patterns and trends. Project managers, marketing managers, market analysts, and sales managers are among the different marketing job categories. Some of the important duties in this domain include identifying the target market for products or services, designing products, formulating pricing and sales strategies for business growth, increasing profitability, and maintaining public relations.
- The administration and circulation of money are central to the field of finance. Finance professionals' responsibilities range from assisting corporations and people with financial planning to assisting firms with raising cash for expansion and day-to-day operations.
- Human Resource Management
- Human resource management entails overseeing and maximizing the performance of personnel within an organization. It entails creating policies for the organization's efficient operation, managing compensation and benefits, employee training, keeping good labor relations, and evaluating employee performance.
- Supply Chain Management
- Planning, acquiring, handling, monitoring, and enabling the provision of products and services are all aspects of supply chain management as a job. Purchasers and transportation planners make up supply chain managers. SCM careers are incredibly diversified, and the industry is always shifting, evolving, and moving in response to changing technologies and people's requirements.
- Operation Management
- Operations management is a mix of business, finance, and technology that focuses on planning, coordinating, and overseeing in production, manufacturing, and service delivery. The physical or technological functions of a company are the focus of this field.
- Health Care Management
- Health care management is growing as one of the most rewarding job options due to the tremendous growth of the health care sector. A management degree qualifies one to play a vital part in hospital management, which includes tasks such as assuring hospital operations, efficient oversight, financial soundness and independence, and the creation of a patient-centric organization.
- Management Consulting
- The goal of management consulting is to help a client receive knowledge and guidance that will lead to a practical and long-term solution to a problem. Consultants think, evaluate, brainstorm, cajole, and challenge good firms to adopt novel ideas in order to improve their performance.
- A management degree enables a person to pursue a career as an entrepreneur. An entrepreneur seeks to solve issues by developing new products and solutions. Given the country's current economic situation, entrepreneurship is a difficult road to take. It is quickly becoming a highly sought-after career choice.
Top Management Colleges in India
| College Name
|Indian Institute of Management - Ahmedabad
|Indian School of Business -Hyderabad
|Indian Institute of Management - Bengaluru
|Indian Institute of Management - Kolkata
|Indian Institute of Management - Lucknow
|Xavier Labour Research Institute (XLRI)
|Faculty of Management Studies - Delhi
|S.P. Jain Institute of Management and Research (SPJIMR)
|Indian Institute of Management - Indore
|Indian Institute of Management - Kozhikode
|TISS - Tata Institute of Social Sciences - Mumbai
|Management Development Institute, Gurgaon (MDI)
|MICA - Mudra Institute of Communications Studies - Mumbai
|Apeejay School of Management, Delhi (ASM)
|WLC College India, Bangalore
|Narsee Monjee Institute of Management Studies - (NGA - SCE)
Top Management Institutes in the World
| College Name
|Harvard Business School
|The Wharton School
|London Business School
Top Management Entrance Exams
||Quantitative Aptitude; Verbal & Reading comprehension; Data Interpretation & Logical Reasoning
|GMAT/GRE – Anytime over the year
||Verbal Reasoning, Quantitative Reasoning and Analytical Writing
||Verbal and Logical Ability; Decision Making; Quantitative Ability & Data Interpretation; General Knowledge. Also includes Essay Writing as a part of the test.
||Quantitative Aptitude; Verbal & Reading Comprehension; Data Interpretation & Logical Reasoning
||General Awareness, English Proficiency, Logical Reasoning
|MICAT I MICAT II
||End of Sep– Nov (for MICAT I) Jan (for MICAT II)
||MICAT – Psychometric, Verbal Ability, Quantitative Ability, General Awareness, Divergent-convergent Reasoning, Descriptive
||Quantitative Ability, Communication Ability, Analytical Ability, General knowledge & Current affairs
||Language skills, Quantitative skills, Logical reasoning
- Define and shape the organization's business strategy and vision.
- Execute the defined strategy and plan in collaboration with other members of the company.
- Extend professional guidance targeted at maximizing profitability for the customer or employer to play a strategic role.
- Create and implement departmental or organizational objectives, policies, and procedures.
- Organize broad product-making and service-providing activities.
- On operations, consult with other executives, personnel, and board members.
- Define marketing methods that entice the target market.
- Contracts and agreements are negotiated or approved.
- To develop a project report, gather needs from customers and other stakeholders.
- Heads of departments and managers should be appointed.
- Establish performance standards and track employee production to verify that each employee's output meets those standards.