Business Management Studies

In recent times, HR professionals play a vital role in selecting and retaining the right manpower for an organisation, almost all big or small companies are hiring them. After completing MBA-HR, graduates easily find roles in all sectors and industries in India and abroad. HR Professionals have good career growth opportunities, as nowadays large and medium size enterprises have HR professionals for day to day HR operations and some HR professional reach to the level of board members and some even become CEOs. People with social skills and empathy are suitable for HR. Salary of HR professionals are in range of Rs 5 Lacs per annum to Rs 1Crore plus per annum. To be become good HR manager you require skills such as organizing capability, dealing with grey areas, good communication and negotiations skills, capability to handle changes, capacity to handle conflicts, etc.

MBA is a generic course about the business management and administration and it focuses on managerial functional areas of business such as accounting, finance, marketing, human resources, and operations. MBA exposes students in all management functions for all kind of industries from FMCG to core technology companies. B.A. Is an all-purpose degree which provides a graduate to choose his career options based on his interest, strength in management functional area and personality traits. MBA from top B-Schools have career opportunities in the field of consulting, Business Analyst, Pre-sales support, Project Managers, Functional Managers, operations management in private, government, PSU and NGOs. MBA provides wider options in different functions and various types of industries. Although, you must do postgraduate degree based on your interest area, I will recommend MBA over M.Com for better career opportunities and growth.

IIM, Calcutta is India's No.1 B-School for specialisation in finance based on multiple rating agencies ranking. Its course content is industry oriented and designed for candidates of all disciplines to specialize in finance. IIM, Calcutta has best International renowned faculty in the finance department. It will provide a jump start to your corporate finance career. IIM brand name and large alumni network will always help you in career growth. However, if you have few years of work experience in finance and accounting then ISB, Hyderabad is a better option as it is the India's best college offering EMBA. EMBA is designed for experienced professional candidates. Without work experience, you may face few initial challenges in learning and coping up with the syllabus. Such candidates may have to put additional effort to get good grades.

As per Indian market trend analysis, MBA finance is the second best career choice of both MBA students and recruiter after MBA in marketing. Students pursuing MBA in finance gain the business and financial skills needed to work in a number of enterprises. If you have commerce or economics graduation degree and or experience, it is the right specialisation for you. MBA finance graduates have very good career opportunities in both government PSUs and the private sector in finance and accounting departments. If a candidate is good at number crunching, have a superior numerical ability, good data interpretation aptitude, problem solving and creative thinking and is also a strategic thinker then the candidate is suitable for MBA in finance. There is no limit for growth of MBA finance graduates. It is a better salary job in comparison to MBA agri-business graduates.

Product management is an organisational lifecycle function within a company dealing with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, Product Lifecycle Management (PLM) integrates people, data, processes and business systems. MBA in product management is a niche area MBA where syllabus includes the concept of PLM from conception to closure of product. The course includes courses in market analysis, brand management, strategic marketing, consumer behavior/strategy, marketing communications, product development, basics of financial management, project management, and corporate governance. MBA in product management students are exposed to techniques of problem-solving and creative thinking to generate new ideas of products. Students are exposed to all aspects of product marketing which includes assessing product demand, evaluating targeted customers and placement of new product in the competitive market and forecasting revenue generation. Product Lifecycle Management courses are major where all processes are taught from idea generation, product development, product maintenance, and support. MBA product management is offered by very limited universities and B-Schools. Companies prefer technical resources with experience in the role of product manager.

MBA Strategy Management syllabus includes tools and techniques required in Development of Org strategy, strategy formulation, execution and its evaluation. Students are trained to investigate ideas and problems, formulate options for a way forward. Students are trained to become consultant to advising organisations on defining and developing effective organisation c tactical and long term course of action. MBA Strategy Management graduates are mostly hired by Management consulting firms and after few years on experience are also hired by large enterprises in Strategy department. Such experts work directly with CXOs and Board of Directors of organisation. Strategy roles are very demanding and high paying. You are advised to do MBA from top B-School only in Strategy Management otherwise, you not gain much from degree.

Different B-Schools use different techniques to impart knowledge to MBA students. Most common method of teaching and skill development used by colleges is Lectures, case analysis, simulation & business games and exercises, individual projects, group projects, group discussions, role play, conferences, industrial training, practical project work, guest lectures, etc. Theses techniques are in line with International Schools. Tier I B-Schools have their own repository of tools and sometime use International open courseware. These are used to develop conceptual, analytical and decision making skills and prepare students to face the real life challenges in changing business and organisational environment. B-Schools which emphasise more on lectures are not valued by industries. More is the emphasis on non-traditional learning techniques better is MBA and its ranking.