Just about everyone these days has the dream of someday taking up a managerial role in their respective career, and rightly so. A manager has a lot of responsibility and is responsible for a number of people working under them. Common job responsibilities may include leading a team, process, or resource to reach a common target. With such high stakes and pressure of managing so many moving parts, it is no wonder why managers have such high salaries too.
If you have already read this far we might as well guess that you are looking to kickstart your career in management. While there are many self-taught geniuses in any industry, the safer bet would be first to get a degree in business administration. Let us now look at the courses you can take to kickstart your career in management.
| Table Of Contents Bachelor of Business AdministrationMaster of Business AdministrationEligibilitySpecializations in MBATypes of Managerial Roles an MBA Can Land YouScope of Management DegreesConclusionFrequently Asked Questions |
Bachelor of Business Administration
The Bachelor of Business Administration or BBA degree is an undergraduate course that can be your first step to launch your career in management if you are fresh out of high school. Designed to teach students the basics of business administration, The duration of this course is usually 3 years. Usually, it is based on the semester system with 2 semesters each year for a total of 6 semesters. BBA courses prepare students for all kinds of managerial and entrepreneurship roles that can help them take control of their careers in business.
To be eligible for most BBA programs in any management institute in Mumbai, you have to have at least 50% marks in your 10+2 exams from a recognized board or university.
Master of Business Administration
MBA or Master of Business Administration is one of the most sought-after postgraduate degrees in any sphere of business. It teaches you the multifaceted approaches to problem-solving, communication, and other hard and soft skills that you will need in a managerial position. So, before you jump on the search for the best MBA colleges in Maharashtra, read on to understand what you need to get into an MBA program.
Eligibility
Any graduate is eligible for an MBA from any management institute in Mumbai. However, to get admission to the MBA program of UBS, one of the best B-schools in the area, you need to have at least 20 months of work experience too. You also need to sit for any of the major national or international level MBA entrance exams like CAT, GMAT, C-MAT, or CET, as their marks carry weightage in the selection criteria. Other than that, you only need to have obtained 50% or more marks in your 10th and 10+2 level board examinations.
The MBA admission process at UBS also requires you to have 60% or more marks in English.
Specializations in MBA
There are many types of MBA specializations that you can choose from to hone your application skills in a specific field. Colleges like the Universal School of Business even offer MBA abroad for Indian students with several global MBA programs in their stable. Some of these specializations are:-
- Global Blended MBA
- International MBA (Spanish)
- MBA in Global Management
- Executive MBA
Types of Managerial Roles an MBA Can Land You
Getting an MBA will qualify you for top-level managerial jobs in any industry. While managers fill in for many responsibilities in an organization and maintain smooth day-to-day operations, they can be loosely divided into either of the following on the basis of their primary functions:
- People Managers: These people are generally responsible for overseeing the operators, team members, associates, or clerks under them. While the lower-level managers in this category often have more general management duties, higher-level ones tend to have responsibilities focused on a few specific aspects.
- Process Managers: Process managers, product managers, project managers, or production managers all are responsible for the creation and execution of specific operations. They may also have to manage people but their goal is to oversee processes in place to ensure smooth workflow.
- Resource managers: They are responsible for accounting as well as the distribution of resources such as materials, finances, inventory, and employees, sometimes even land. Resource managers are typically the ones tasked with allocating resource budgets accordingly.
Scope of Management Degrees
While the pay of MBA degree holders obviously varies by company, industry, role, years of experience, and other similar factors, anyone who has moved from a non-managerial to a managerial role will attest that the pay is significantly higher. What also makes managerial positions so sought after is the respect that is often associated with such people-centric roles.
Getting a management degree from any of the top MBA colleges in Maharashtra can land you managerial roles across various industries such as banking, finance, entrepreneurship, data analytics, private equity, management consulting, and many more. We have compiled a list of some common job roles and their average starting salaries across people, process, and resource management to give you a better idea about what your future in management might look like.
| Job Role | Average Annual Starting Salary (INR) |
| Operations Manager | 3.7 LPA |
| Human Resources Manager | 3.2 LPA |
| Marketing Manager | 2.9 LPA |
| Finance Manager | 5.2 LPA |
| Senior Sales Executive | 2.2 LPA |
| Business Analyst | 3.02 LPA |
| Business Development Manager | 2.6 LPA |
Conclusion
So a management degree like the global MBA degree from Universal Business School can go a long way towards launching and maintaining a steadily increasing repertoire of skills along with experience. These will slowly accumulate to build the perfect resume you need to be one of the highest-paid employees and managers in your industry.
Frequently Asked Questions
- Is a Global MBA better than MBA?
Yes, Global MBA is better than MBA, as in a global MBA you learn about management concepts according to international and global perspectives whereas in MBA you study more about domestic management concepts. Also, global MBA students have broader career prospects as multinational companies prefer to hire students with Global MBAs.
- What is the scope of a Global MBA?
Global MBA scope both in India and abroad is wide. Due to globalization, many companies enter into global markets, and to manage their operations smoothly they require people with cross-cultural experience hence the demand for Global MBA graduates is high. You can join multinational companies as an international management consultant, global supply chain manager, multinational marketing manager, etc.
- Which Companies hire Global MBA graduates?
Companies that run their operations in more than one country tend to hire Global MBA graduates such as Apple, Amazon, JP Morgan, cognizant, Boston Consulting Group, Wipro, TCS, etc.
- What is the highest package received by UBS Mumbai students?
The highest international package received by UBS Mumbai students was 1.01 crore per annum, and the highest national placement was 20 LPA.
