26, April 2022
The discipline of Management has soared to such new heights of popularity in the last few years that students are getting inclined to adopt this course for building their careers. This fast-paced world is governed by the corporate world and its commercialism. Management courses let one attain a good grasp of management disciplines like Marketing, Finance, Economics, Accounting, Business Administration, etc. In technical terms, Management refers to the administration of any business, non-profit or government organization or body. It is also famously defined as “the art and science of managing resources of the business”.
A good perception of management allows an individual to set an adept strategy for an organization to help it fulfil its goals and coordinate the effort of its employees to accomplish the same by the judicious application of the available resources. A management degree enables one to bag and execute any leadership role efficiently besides sanctioning a handsome salary and respect in society. Not only that, it also provides a student with a proper insight into managing.
The discipline of Management has a plethora of options to choose from, thus letting the students pursue the path that they deem appropriate. They are enlisted below-
The Undergraduate Level-
At the Postgraduate Level—
● Hotel Management: - Students who are willing to build a career in the hospitality industry should opt for this specialization. This stream deals with hospitality sectors like hotels, customer service, front office management, cooking, etc.
● Scope-Besides the tempting salary, one even gets the opportunity to live abroad and explore countries. This also enables one to open their own resort in future.
Career options after Hotel Management—
| Career Profiles | Average Starting Salary |
|---|---|
| Hotel Manager | Rs 7,25,000 |
| Marketing Executive | Rs 2,45,000 |
| Event Manager | Rs 3,50,000 |
| Air Cabin Crew | Rs 5,00,000 |
Skills required-
● Hospital Management: - This 3 year course stresses on the features of management of healthcare services in institutions related to the healthcare industry like hospitals, nursing homes, clinics, etc.
● Scope-The increased health awareness and prevalence of different health ailments make this sector a rapidly growing one. This lets you serve society and also allows you to undertake various postgraduate programs if you decide to continue in the academic field.
Career options after Hospital Management-
| Career Profiles | Average Starting Salary |
|---|---|
| Hospital Dean | Rs 15-20 lakhs |
| Hospital Superintendent | Rs 15-20 lakhs |
| Hospital Administrator | Rs 3-15 lakhs |
| Hospital Billing Executive | Rs 3-5 lakhs |
| Executive Assistant | Rs 3-4 lakhs |
Skills required-
● Aviation Management- As the name suggests, this course deals with the study of the aerospace industry, airlines, airports, etc. It broadly involves the activity of planning, designing, operating and maintaining aircraft.
●Scope-The increased health awareness and prevalence of different health ailments make this sector a rapidly growing one. This lets you serve society and also allows you to undertake various postgraduate programs if you decide to continue in the academic field.
Career options after Aviation Management-
| Career Profiles | Average Starting Salary |
|---|---|
| Credit Control manager | Rs 8-10 lakhs |
| Program Manager | Rs 3-5 lakhs |
| Airlines Grooming Trainer | Rs 3-4 lakhs |
| Aviation Manager | Rs 7-10 lakhs |
| Airlines Grooming Trainer | Rs 3-4 lakhs |
Skills required-
● Human Resource Management- This specialization extensively focuses on administrative services, staff administration, performance management, etc. The main emphasis however stays on the hiring process.
●Scope-This is considered to be one of the best-paid fields in the industry. The demand for this course is ever increasing because every single organization or a company requires an HR to look after the hiring process and proper functioning of the company.
Career options after HR Management-
| Career Profiles | Average Starting Salary |
|---|---|
| HR Manager | Rs 7-10 lakhs |
| HR Coordinator | Rs 3-6 lakhs |
| Recruiter | Rs 3-6 lakhs |
| Employee Welfare Manager | Rs 4-7 lakhs |
Skills required-
● Marketing- This course usually revolves around the distinct marketing practices, strategies and new techniques which often vary according to the demands of the customers.
● Scope-This course opens gateways to vast marketing opportunities in the ever-growing corporate hub. The remuneration paid is undoubtedly handsome.
Also Read- Career after MBA in Marketing
Career profiles after Marketing Management-
| Career Profiles | Average Starting Salary |
|---|---|
| Marketing Manager | Rs 7,80,000 |
| Brand Manager | Rs 9,60,000 |
| Sales Manager | Rs 7,20,000 |
Skills required-
● Business Analytics- This discipline teaches how data analysts describe, predict, and inform business decisions in the particular areas of marketing, human resources, finance, and operations. Not only that, one even develops an analytic mindset and basic data literacy that supports them in taking data influenced strategic decisions.
● Scope-Since business analytics is a tool for taking commercial decisions, it impacts the functioning of the whole company or organization. It has a broad range of applications and uses.
Also Read- Career in Data Analytics
Career options after Business Analytics-
| Career Profiles | Average Starting Salary |
|---|---|
| Data Scientist | Rs 7-8 lakhs |
| Data Analyst | Rs 6-8 lakhs |
| Business Analyst | Rs 8-10 lakhs |
Skills required-
If you want global career opportunities, pursuing management studies will be an option that you will never regret. It makes you well equipped to manage organizations and take proper business decisions adeptly. Proper knowledge about management also educates about the proper timing of taking proactive or reactive decisions respectively. It forewarns you about the probable danger or risks one may face in their career in the field of business. Management forms the cornerstone of successful careers.
