Careers in Business Management

India’s economic liberalization policy, coupled with presence of large numbers of MNCs, has created a vast change in the employment pattern. Quest for increasing profits and reducing overhead costs, the consequent results of fierce global competition, has raised the demand for professionals in each and every sphere of business. As such, business management is, today, one of the fastest growing professional courses and sought-after career options. It has opened up limitless opportunities in diverse fields with promises of assured rewards in the form of good remuneration, status, and scope for professional and personal growth.

Course Details
India has a chain of prestigious and leading institutions offering undergraduate (BBA/BBM/BBS/BMS), post graduate (MBA), and part-time courses in business management. BBA is a three-year program that can be pursued after 10+2, while an MBA is a two-year course which can be taken up after graduation, or an equivalent degree. Admission into these courses is held on the basis of a written test, followed by group discussion and personal interview. Separate tests are conducted by different institutes. Business management allows students to take up various specialized fields, like finance, sales and marketing, human resources, personnel management, operations, international business, and 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 number of business management graduates. Export and import companies and investment firms are other options open to these professionals. NGOs working in the field of rural development and environment management also recruit business professionals. Business management professionals can opt for entrepreneurship as a viable and remunerative alternative.

Top Colleges Offering UG/PG/Other Courses
Indian Institutes of Management (IIMs) at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Kozhikode, and Shillong are the premier institutes offering business management courses. Other top B-schools in India are Xavier Institute of Management, Bhubaneswar; XLRI, Jamshedpur; IIT, Kanpur; Indian School of Business, Hyderabad; Faculty of Management Studies, Delhi University - New Delhi; Jamnalal Bajaj Institute of Management Studies, Mumbai; SP Jain Institute of Management Studies, Mumbai; Narsee Monjee Institute of Management Studies, Mumbai; Symbiosis Institute of Business Management, Pune; Indian Institute of Foreign Trade, New Delhi; Great Lakes Institute of Management, Chennai; Indian Institute of Social Welfare & Business, Kolkata; Punjab College of Technical Education, Ludhiana; School of Management, Kalapet - Pondicherry; MP Birla Institute of Management, Bangalore; FORE School of Management, New Delhi; Aegis School of Business, Navi Mumbai; International Management Institute (IMI), New Delhi; Smt. J.D. Birla Institute, Kolkata; and Greenfields College of Catering & Hotel Management, Srinagar. Besides, several institutes offer distance learning courses in business management.

Remuneration
A fresh business management graduate can start his career with a salary of Rs. 20,000 to Rs. 25,000 per month. With requisite experience in this field, one can easily rise up to Rs. 40,000 to Rs. 50,000 per month. Students from reputed institutes, like IIMs, ISB, and others, can easily touch seven-figured remuneration.