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Management As A Career

Management As A Career

Summary

Management is one the most varied profession in the global economy with numerous opportunities ranging from consulting, entrepreneurship, human resource, general management, operation management to strategic planning. A person involved in the field looks in forecasting, planning, organizing, commanding, coordinating and controlling the processes of the organization for the effective internal as well as external functioning by managing people as well as resources.

How to Pursue a Career in Management

StreamGraduationAfter GraduationAfter Post Graduation
Path 1
Clear Class XII in Any StreamPursue Graduation in Any Discipline for 3-5 yearsPursue PG Diploma in Management/ MBA for 2 years-
Path 2
Clear Class XII in Science StreamPursue B.Tech/BE for 4 yearsPursue PG Diploma in Management/ MBA for 2 years-
Path 3
Clear Class XII in Any StreamPursue Graduation in Any Discipline for 3-5 yearsPursue PG Diploma in Management/ MBA for 2 years-

Important Facts

Premier colleges have eligibility criteria of minimum 50% aggregate marks in Class XII.

Leading Institutes

Top Management Institutes in India
CollegeLocationWebsite
Indian Institute of Management - AhmedabadAhmedabadwww.iimahd.ernet.in/ 
Indian School of Business -HyderabadHyderabadwww.isb.edu 
Indian Institute of Management - BengaluruBengaluruwww.iimb.ac.in/ 
Indian Institute of Management - KolkataKolkatawww.iimcal.ac.in 
Indian Institute of Management - LucknowLucknowwww.iiml.ac.in/ 
Xavier Labour Research Institute (XLRI)Jamshedpurwww.xlri.ac.in/ 
Faculty of Management Studies - DelhiDelhiwww.fms.edu/ 
S.P. Jain Institute of Management and Research (SPJIMR)Mumbaiwww.spjimr.org/ 
Indian Institute of Management - IndoreIndorewww.iimidr.ac.in 
Indian Institute of Management - KozhikodeKozhikodewww.iimk.ac.in 
TISS - Tata Institute of Social Sciences - MumbaiMumbaiwww.admissions.tiss.edu/ 
Management Development Institute, Gurgaon (MDI)Gurgaonwww.mdi.ac.in/ 
MICA - Mudra Institute of Communications Studies - MumbaiAhmedabadwww.mica.ac.in/ 
Apeejay School of Management, Delhi (ASM)Delhiwww.apeejay.edu/asm/ 
WLC College India, BangaloreBangalore, Karnatakawww.wlcibusiness.in/ 
Narsee Monjee Institute of Management Studies - (NGA - SCE)Mumbai, Maharashtrawww.distance.nmims.edu/ 
Top Management Institutes in the World
InstitutionLocationWebsite
Northwest UniversityUSAwww.northwestu.edu/home/
Harvard Business SchoolUSAwww.hbs.edu/about/Pages/default.aspx 
The Wharton SchoolPennsylvaniawww.wharton.upenn.edu/ 
INSEADSingaporewww.insead.edu/ 
Stanford UniversityUSAwww.stanford.edu/admission/
London Business SchoolUKwww.london.edu/ 

Management Entrance Exams

Postgraduate
InstitutionTentative DateImportant ElementsWebsite
CATAug-SeptQuantitative Aptitude; Verbal & Reading comprehension; Data Interpretation & Logical Reasoningwww.iimcat.ac.in/per/g01/pub/756/ASM/WebPortal/1/index.html?756@@1@@1 
GMAT/GRE – Anytime over the yearJanVerbal Reasoning, Quantitative Reasoning and Analytical Writingwww.isb.edu/pgp/admissions/admission-calendar
XATAug-NovVerbal and Logical Ability; Decision Making; Quantitative Ability & Data Interpretation; General Knowledge.  Also includes Essay Writing as a part of the test.www.xatonline.net.in/ 
SPJETOct-DecQuantitative Aptitude; Verbal & Reading comprehension; Data Interpretation & Logical Reasoningwww.spjain.org/programs/postgraduate/gmba 
TISS-NETDecGeneral Awareness, English Proficiency, Logical Reasoningwww.admissions.tiss.edu/admissions/ma/programmes/ 
MICAT I MICAT IIEnd of Sep– Nov (for MICAT I) Jan (for MICAT II)MICAT – Psychometric, Verbal Ability, Quantitative Ability, General Awareness, Divergent-convergent Reasoning, Descriptivewww.mica.ac.in/postgraduate-programme/selection-process-and-timelines
AICETAug– DecQuantitative Ability, Communication Ability, Analytical Ability, General knowledge & Current affairswww.admissions.wlci.in/aicet-2016.html 
NMATJuly– OctLanguage skills, Quantitative skills, Logical reasoningwww.nmat.org.in/test-takers/dates-and-fees 

Work Description

  1. Define and shape business strategy and vision of the organization
  2. Execute the define strategy and plan in coordination with organization members
  3. Play a strategic role by extending professional advice, aimed at maximizing profitability for client or employer
  4. Establish and carry out departmental or organizational goals, policies and procedures
  5. Manage general activities related to making products and providing services
  6. Consult other executives, staff and board members on operations
  7. Define marketing strategies to attract the target audience
  8. Negotiate or approve of contracts and agreements
  9. Gather requirements from the customers and other stakeholders to prepare project report
  10. Appoint departmental heads and managers
  11. Establish performance standards and monitor the output of employees to ensure that each employee's performance meets those standards

Pros & Cons of a Career in Management

Pros
  • Remuneration is good.
  • You can create a niche for yourself in any one area
Cons
  • Work life balance is difficult to achieve
  • There is a lot of competition in this field

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