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Career as Business Manager

Have you ever heard about a job, where the person has to responsibly manage all the activities as well as the workers of the entire workplace? This is what business managers do. With an increase in the number of companies in the world, the need for a business manager is also increasing. The need for a business manager is always there irrespective of the size of the business. For those who have a small scale business, the manager helps in developing and shaping the company to become a bigger brand. They make sure that all the workers are fruitfully working in the right direction and aiming to get more business for the company. Whereas in a large corporation or a multi-national company, these managers have a very big role to play. They not just keep a track on the workers but also do timely surveys for the companies in order to keep the business running and to find out ways and possibilities which could lead to getting more business.

Job Profile

Career as Business Manager

With companies forming every second day, there is going to be a high requirement of Business Managers. A student after completing the studies can find a place for themselves anywhere they want. They have chances to find opportunities not just in their sector but across the industries. The average salary that a business manager gets is somewhere between Rs 7 to 13 lakh and sometimes above that, depending upon the experience. Therefore a career in this profile will surely pay you a good salary.

There are a lot of specialisations that are available in the management sector. Depending upon their interest and personality, one can become a financial manager, marketing manager, operations manager, HR manager, and so on. All these specialisations play an important role in shaping the future of the person. Depending upon your qualification, caliber, and interest in your specialisation, the salary can be anywhere from a few lakh to thousands of lakhs. The salary of the manager keeps on increasing as they gain experience. To get a starting salary that is a dream of many people, you can simply aim to join the big 4s.

Pros and Cons of a Business Manager

Pros

 

  • The career has a lot of opportunities
  • The person gets to enjoy a good life
  • Good Salary 
  • You get to groom your personality and boost your confidence every single day

 

Cons 

 

  • The job requires a lot of dedication and hard work 
  • You need to have a good leadership quality

How do I get there?

To become a successful business manager, you need to focus on the planning, analysing, supervision, and execution of business processes. To excel in this field one needs to have a lot of skills such as better communication skills, ability to lead a team, awareness of the environment, a development that is happening around. In this career, both undergraduate and postgraduate courses are important. PGDBM is the Post Graduate Diploma in Business Management. A lot of students often take this course. The other under graduation courses one can choose to become a business manager includes Bachelors in Business Management (BBM), Bachelors of Business Administration (BBA), and Bachelors of Business Studies (BBS). The student aspiring for this career needs to complete their 10+2 in math/commerce scoring more than 50%. If you get this percentage in your 10+2, you can then appear for the entrance exam.

How much does it cost?

The average cost for the bachelor’s degrees is about Rs 3 lakh, and for post-graduation, it could be around Rs 3 to 6 lakh per semester. You can check out the list of colleges before applying, and according to your budget, you can select a college. What are the Top Colleges where one should be studying to become a Business Manager? There are a good number of colleges in terms of fee, infrastructure, education, and placement. As this is one of the most chosen courses, it is a bit difficult to get your seat in the right college as they fill the earliest. So, here is a list of few colleges that are top-notch in providing a good education. You can select from any of these: 

 

Rank of College

Name of College with City

Programme Fees (in Rs)

1

Indian Institute of management, Bangalore

Rs 18,60,000 – 21,39,000 Lakh

2

Indian Institute of management, Ahmedabad

Rs 10-25 Lakh

3

Indian Institute of management, Kolkata

Rs 22- 27 Lakh

4

Indian Institute of Management, Lucknow

Rs 7-23 Lakh

8

Indian Institute of Management, Kozhikode

Rs 8-140 Lakh

12

Indian School of Business, Hyderabad

Rs 34-39 Lakh

Books and Study material

  • Objective General English by S P Bakshi (Arihant)
  • Quick Learning Objective General English by RS Aggarwal.
  • High School English Grammar and Composition by Wren and Martin (A good book for Grammar revision.)
  • Word Power Made Easy by Norman Lewis.

What if this career does not work out for me? What are the other options for a person with these credentials?

This is one of the best courses where you don’t have to think much. There are lots and lots of opportunities that are available for the students. You can get one of them and have a good life. With so many companies available, it is not difficult to find a job after you become a business manager. Some of the options that the candidate can consider is becoming a marketing executive, distribution manager, logistics manager, retail manager, or sales executive. 

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Content on this page is by Career Expert
Mrs. Kum Kum Tandon
MA (Psychology), M.Ed, Diploma in Educational Psychology, Vocational Guidance & Counseling (NCERT, Delhi) | View Complete Profile
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