- Monetary Management
- Strategic management
- Marketing Management
- Entrepreneurship and Small company Management
- Operations Management
These are the important subjects which come under the study of business management. It is quite obvious how the scope and opportunities in business administration are huge. But before you consider picking up a career in business administration, it is very important to attain some basic and fundamental skills, to develop a strong foundation for a successful career. "Success is nor magical nor mysterious. Success is the natural consequence of consistently applying the fundamental fundamentals" ~ Jim Rohn. Some of the key skills are the following:
- High aptitude skills
- Decision making
- Great verbal and non-verbal communication skills
- Presentation skills
- Effective leadership skills
- Time management
- Numerical computation
- Conceptual abilities and lucid explanatory skills
- Knowledge about spreadsheet, data, logistics and computer skills
Career Opportunities in Business Management
With growing opportunities many graduates are pursuing higher studies running a business administration and management. But, what is important is which, how successful you grow in a particular career and for how long you'll be able to stand successful in the business market. Now let's check out the career opportunities in business administration.
Business Manager: Business manager job is really a prime job concerning business management. The job involves almost anything that is pertaining to develop the business of a business. The work includes planning, organizing, supervising, decision-making, scheduling and combination of all management skills that's needed is to increase the profitability of an organization.
Business Analyzer: Business analyst job is one of the lucrative as well as interesting jobs. It not only involves basic management skills but additionally has a wide integration with information technology. Business analyst analyzes the company models and helps to develop the project plans of the company.
Market Research Analyst: The market research analyst offers the data of the consumer needs, demands, choices of the shoppers, consumer demographics, etc., before a company launches its item. Knowledge about statistics is very much necessary for this particular job. The job also involves identifying the competitors and providing information for that betterment of the company's product.
Purchasing Manager: Purchasing manager can also be called "procurement manager". The goods and services required for any company is managed and forecasted by purchasing manager from the company. The job responsibility is to buy and approve the required products for the company by analyzing the technical specifications from the products. The purchasing manager also oversees the general supplies necessary for the company such as equipment and contracts.
Regional Product sales Manager: The job is to oversee the products and services and manage the delivery from the goods and services to the customers in a described geographical area. The regional sales manager sets the target from the sales representatives of the company and develops the plans to satisfy the required target. It requires presentation skills also. The job includes giving demonstration on goods and services of the organization to various other client companies in his region.
Recruiting (HR) Manager: This job involves managing the needs and improving the values from the employees of an organization, in order to bring profit to some company. It also involves hiring efficient employees and arranging other human resource programs. The HR manager analyzes the abilities of the employees and provides the required resources to enhance the knowledge of the employee by implementing training procedure, with an objective to utilize the employee's knowledge and applications for the advantage of the company.
Business Development Manager: This job requires evaluation of economic conditions and industrial trends and competition. Additionally, it includes setting up the sales target and attracting new clients. The business development department of a company is handled and supervised by business development manager.
Account Executive: Account executive accounts for managing the accounts related issues of a corporate company or a person. The opportunities are present in both the IT sector along with the advertisement industry. The role of an account executive inside it companies is to execute large contracts and Profit & Reduction (P&L) control. In advertising industries, the responsibility of a merchant account executive is client servicing and client acquisition.
Quality Manage Auditor: The quality control auditor ensures all the high quality related specifications, documentation and examination of a product and services of the organization. The quality control auditor also tracks audit reports and monitors all of the quality standards of the manufactured products.
Information Systems Supervisor: This job requires technical knowledge combined with administrative abilities. The information systems manager ensures proper functioning of the actual systems and incorporates Information and Communication Technology (ICT) within the company. Some of the standard activities of an info systems manager includes implementing ICT budget, security backup of software and hardware within the computers, tracking and monitoring the latest technologies available on the market, etc.
Other Career Opportunities in Business Administration
With growing opportunities many graduates are pursuing higher studies running a business administration and management. But, what is important is which, how successful you grow in a particular career and for how long you'll be able to stand successful in the business market. Now let's check out the career opportunities in business administration.
Business Manager: Business manager job is really a prime job concerning business management. The job involves almost anything that is pertaining to develop the business of a business. The work includes planning, organizing, supervising, decision-making, scheduling and combination of all management skills that's needed is to increase the profitability of an organization.
Business Analyzer: Business analyst job is one of the lucrative as well as interesting jobs. It not only involves basic management skills but additionally has a wide integration with information technology. Business analyst analyzes the company models and helps to develop the project plans of the company.
Market Research Analyst: The market research analyst offers the data of the consumer needs, demands, choices of the shoppers, consumer demographics, etc., before a company launches its item. Knowledge about statistics is very much necessary for this particular job. The job also involves identifying the competitors and providing information for that betterment of the company's product.
Purchasing Manager: Purchasing manager can also be called "procurement manager". The goods and services required for any company is managed and forecasted by purchasing manager from the company. The job responsibility is to buy and approve the required products for the company by analyzing the technical specifications from the products. The purchasing manager also oversees the general supplies necessary for the company such as equipment and contracts.
Regional Product sales Manager: The job is to oversee the products and services and manage the delivery from the goods and services to the customers in a described geographical area. The regional sales manager sets the target from the sales representatives of the company and develops the plans to satisfy the required target. It requires presentation skills also. The job includes giving demonstration on goods and services of the organization to various other client companies in his region.
Recruiting (HR) Manager: This job involves managing the needs and improving the values from the employees of an organization, in order to bring profit to some company. It also involves hiring efficient employees and arranging other human resource programs. The HR manager analyzes the abilities of the employees and provides the required resources to enhance the knowledge of the employee by implementing training procedure, with an objective to utilize the employee's knowledge and applications for the advantage of the company.
Business Development Manager: This job requires evaluation of economic conditions and industrial trends and competition. Additionally, it includes setting up the sales target and attracting new clients. The business development department of a company is handled and supervised by business development manager.
Account Executive: Account executive accounts for managing the accounts related issues of a corporate company or a person. The opportunities are present in both the IT sector along with the advertisement industry. The role of an account executive inside it companies is to execute large contracts and Profit & Reduction (P&L) control. In advertising industries, the responsibility of a merchant account executive is client servicing and client acquisition.
Quality Manage Auditor: The quality control auditor ensures all the high quality related specifications, documentation and examination of a product and services of the organization. The quality control auditor also tracks audit reports and monitors all of the quality standards of the manufactured products.
Information Systems Supervisor: This job requires technical knowledge combined with administrative abilities. The information systems manager ensures proper functioning of the actual systems and incorporates Information and Communication Technology (ICT) within the company. Some of the standard activities of an info systems manager includes implementing ICT budget, security backup of software and hardware within the computers, tracking and monitoring the latest technologies available on the market, etc.
Other Career Opportunities in Business Administration
- Administration analyst
- Project manager
- Production manager
- Advantages manager
- Commodity-Industry analyst
- Bank manager
- Federal government services administrator
- Credit and collections manager
- Work relations manager
- Financial analyst
- Insurance agent
- Instruction manager
- Credit analyst
For achieving the desired career of the choice, it is very important to do internship in good organizations on your MBA course. To attain a successful career in company administration, you need to be a good manager as well as above that, an efficient worker.