Management as a word holds multifold connotations, but it does have a certain meaning as a career option. In the modern era of technology, the expansive and comprehensive global market presents amazing and excellent career opportunities in different fields of management, wherein human resources, financial resources, natural resources and, of course, technological resources are widely utilized. Talking about the field of management, an individual is taught how to work with a team in order to achieve some pre-defined goals and targets of the respective organization. As such, the field asks for some intrinsic managing traits, to excel. Though management can be done in every field, but generally, management is symbolized to a career in corporate houses, hospitality industry, multinational firms, etc., after pursuing popular management courses, such as MBA, PGDM, PGDBM, etc. Both the term and course of management is linked with one of the highest paid careers in today’s scenario. What completely matters is how an individual is able to make the most of his/her degree in the market and get paid for his/her skills and aptitude.
Courses in management are offered generally at undergraduate and postgraduate degree/diploma levels, by private and government management institutes. Individuals can pursue these courses through correspondence mode also. Usually, a 10+2 pass candidate can take up undergraduate management degree programs, like BBA, BBS, BBM, etc. For post graduation courses, like MBA, PGDM, etc., graduation is a mandatory minimum qualification. Courses at post graduation level are offered with specializations in the specific field. Executive MBA programs for working professionals and part-time management courses are conducted at various leading B-schools. Management courses can be pursued in the fields of marketing management, international business management, information technology, hospitality management, event management, business management, human resource management, financial hospital management, sports management, operations management, media management, and many more. Almost all reputable management institutions in India admit students through entrance tests, like CET, CAT, SNAP, MAT, etc. For each type of recognized and organized business, there is a management program made available. A course in management enables one to understand all major and minor aspects of business administration/management. Besides, planning, organizing, leading, monitoring, delegating, and controlling are some other essentials of a management curriculum.
Any difference between BBA, BBM & BMS?
BBA stands for Bachelor of Business Administration, BMS stands for Bachelor of Business Management and BMS stands for Bachelor of Management Studies. These courses are more or less the same and some universities give the name as BBA and some universities give the name as BBM or BMS. However, as far as brand name is concerned BBA is better than BBM or BMS.
All these courses are management courses. BMS course concentrates on analytical and logical oriented studies, while BBA course concentrates on core studies. Both the graduates of BBA and BMS can take up MBA after completion of the under graduation course or they can even take up management trainee position in a reputed company. As far as MBA is concerned graduates with BBA degree are given more preference as compared to students with BMS degree.
The increase in the demand for managers in India has made both these courses popular. Normally, students who have resolution to take up a career in management take up both these courses after completing their higher secondary education. These courses are being offered by different institutes in India. Some institutes conduct entrance examination for these courses similar to the MBA entrance. The only difference is the syllabus and difficulty level.
During the past ten years Indian economy has opened the door for globalization and liberalization. This has made management courses more important. Both these courses are not offered in the same college or university. Some college offer the course as BBA and some college offer the course as BBM or BMS. These courses are being offered in different universities like Guru Nanak Dev University, Delhi University, Guru Gobind Singh Indraprastha University, CCS University and other top rated universities in India.
So, these courses are essentially the same and different names like BBA, BMS and BBM are given in different colleges and universities.
After completing a course in management, one can start his/her own business or aspire to work at managerial and executive levels in corporate houses and multinational companies. There is always a huge demand for management degree holders in major fields of management, as operation managers, human resource managers, event managers, hospitality managers, and others. For working professionals of various fields, part-time diploma/certificate courses in management can enhance their skills and improve their chances of climbing the ladder of hierarchy in their profession. Above all, a management degree is not just confined to corporate houses, but it also provides exciting opportunities in the government sector.
Remuneration in the field of management largely depends on the organization structure and nature of work. After completing a course in management, one can expect a salary ranging from Rs. 8000 to Rs. 12,000 in the beginning. An MBA degree holder can be offered up to Rs. 25,000 as an initial package in multinational companies. Graduates from IIMs and other prestigious B-schools are offered attractive salary packages, ranging from Rs. 8-12 lakhs per annum, or even more, depending upon the hiring organization and the students’ caliber.