Careers in Business Management

India's economic liberalization policy coupled with presence of large numbers of MNCs has created a sea change in the employment pattern. Quest for increasing profit and reducing overhead cost, which are the consequent result of fierce global competition, have raised the demand of professionals in each and every sphere of business. Thus, Business Management is today one of the fastest growing professional courses and sought-after career options. It has opened up limitless opportunities in diverse spheres with promise of rewards in the form of good remuneration, status and scope for professional and personal growth.

Course Details
There are Under-graduate (BBA), Post-graduate (MBA), and part time courses in Business Management. BBA is a two years course that can be joined after 10+2. On the other hand MBA is a 2 years course and can be joined after graduation or equivalent degree. Admission into these courses is held on the basis of a written test, group discussion and personal interview. Separate test are conducted by different institutes. In business management there are some specialized fields like Finance, Sales and Marketing, Human Resource, Personnel Management, Operation, International Business, Retail and Rural management.

Career Prospects
Business Managers have multiple career options in both public and private sectors. Banks, financial institutions, corporate houses, government departments and industries are prime recruiters of Business Managers. Media, publishing and public relation firms also employ a large numbers of Business Managers. Export and import companies, investment firms are also an option available to these professionals. NGOs working in the field of rural development and environment management also recruit a numbers of Business Managers. Business Management professionals also can opt to become entrepreneur. Moreover, consultancy is also a viable and remunerative option open to business managers.

Institutes Offering
Indian Institute of Management (Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Kozhikode and Shillong) are the premier institutes offering Business Management courses. Other top Business Management schools in India are Xavier Institutes (Jamshedpur and Bhubaneswar); Indian School of Business, Hyderabad; Faculty of Management Studies, Delhi University; Jamnalal Bajaj Institute of Management Studies, Mumbai; S. P. Jain Institute of Management Studies, Mumbai; Narsee Monjee Institute of Management Studies, Mumbai; Symbiosis Institute of Business Management, Pune and Indian Institute of Foreign Trade, Delhi. Besides, some institutes also offer distance learning courses in Business Management.

Remuneration
A fresh Business Manager can start his career with Rs 20,000 to Rs 25,000 per month salary. With some experiences in this field one can well go up to Rs 40,000 to Rs 50,000 per month. Students from few reputed institutes like IIMs and ISB can even touch seven figures remuneration.