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Specialization in management will create multifaceted career opportunities

Certainly, in the digital world and the country's fast growing economy The multidimensional career opportunities in management are growing by leaps and bounds . In the new era, more emphasis is being laid on MBA specialization. Till yesterday, only MBA Finance, MBA HR, MBA Foreign Trade, MBA Marketing were talked about, but now MBAs with new specializations are also in great demand. These include Business Analytics , Digital Marketing , Global MBA , Health Care Management , Communication Management , Innovation Management , Supply Chain Management, Tourism and Hospitality Management, E-Commerce , IT , Operations , Logistics More market relevant courses are included such as :

Career opportunities in management have increased due to rapid growth rate in the country

In a country whose growth rate and economy grow rapidly, employment opportunities in various fields of management increase in that country. The World Economic Outlook Report 2023 published by the International Monetary Fund (IMF) states that in the current financial year 2023-24, while the global growth rate will be 3 percent, India's growth rate will be 6.3 percent. Also, India is the country with the fastest growth rate in the world. Since most of the countries of the world along with America and Russia are constantly taking steps towards economic friendship with India , there are possibilities of India's highest growth rate as well as global career opportunities increasing.

Similarly, the India Development Update Report-2023 published by the World Bank also states that in the current financial year The Indian economy is expected to grow at a rate of 6.3 percent in 2020 on the back of investment and demand . The report said that India, which is the fastest growing economy, has the second-highest growth rate among G-20 countries and the fastest among emerging market economies. Average Almost double. The reason for this high growth rate is strong economic demand , strong public infrastructure investment and strong financial sector. It is also worth mentioning here that like the World Bank, the world's renowned credit rating agencies have also presented estimates of India's high growth rate in the current financial year 2023-24. S&P has estimated 6.6 percent and Fitch, ADB and ICD have estimated 6.3 percent. Similarly , on October 6, the Reserve Bank said that India's growth rate is likely to be 6.5 percent in the current financial year.

Global trade will also increase career opportunities

The speed at which India's global trade is growing is also increasing career opportunities for management students. G-20 has opened new horizons for India's global trade , exports from India , foreign investment in India , foreign tourism in India and India's digital development. G-20 has increased India's importance in the world in view of the strength and reliability in the global supply chain. While the historic success of the G-20 summit has strengthened India's digital importance in the world , India's new digital capital is seen becoming India's economic strength. Now India is in a new role of developing Digital Public Infrastructure (DPI) for the G-20 countries as well as many other countries of the world.

While India has increased its diplomatic influence on the global stage by including the African Union of 55 natural resource-rich countries in the G-20 , India has also taken a strong initiative to block China's path in the African Union countries dominated by China economically. Such various economic and financial achievements of India will increase career opportunities for management students.

Management Career Skills

To make a career in the field of management , good English , computer proficiency , decision making ability , hard work attitude, communication and technical skills along with management expertise are required. Skills related to mass communication are advantageous.

Dimensions of a Career in Management

Management career is growing rapidly in India as well as in the world . Wider dimensions of career are being created through MBA. In the new era, MBA students are getting more career opportunities in the fields of banking , IT , accounts , insurance sector, finance industry , corporate finance , corporate banking , credit risk management , asset management , hedge fund management , private equity , treasury , sales and trading .

The new generation of MBA specialisations will further expand employment opportunities.

There is a huge demand for MBA specialization in IT these days. If you have internship or work experience, you can get a good package right from the beginning. The importance of MBA has increased in international business. It can help you get a good job as a research analyst, data analytics, risk manager, global business director. The demand for MBA in Artificial Intelligence is emerging.

MBA in Business Analytics and Big Data is very important because it helps in making business policies on a broad basis. MBA in e-commerce makes the youth proficient in various aspects of running an online business. It provides good jobs in the positions of e-business consultant, advertising and promotion manager, database administrator, supply chain manager.

The demand for MBA in Entrepreneurship has also increased because at present India is known for its startups in the world. Positions like Senior Product Manager, Business Intelligence Manager, Customer Success Manager get good salary based on work experience.

How to make a career in management ?

Career in the field of management can be started after 12th. After 12th, there are many graduate level degrees like BBA, BMS . Apart from this, many integrated courses of MBA are also available at postgraduate level . Online courses of MBA can also be done from many universities of the country and the world. You can increase your skills by doing different types of MBA even during the job. Internship from a good business institute is very important along with MBA. This makes it very easy to work in big companies and you get good packages and positions . Professional contacts increase due to internship . Not only this, many companies also provide their employees the opportunity to do specialization courses in MBA at their own expense .

It is important to focus on MBA entrance exams

It is beneficial to take admission in a good MBA institute for a good career after graduation . Students should start preparing for entrance exams like CAT , CMAT, CUET while doing graduation. Getting an MBA degree is not a guarantee of a good future. An MBA degree is more beneficial only if it is from a good business school . Because comparatively An MBA degree from a good business institute not only gives you opportunities but also enhances the thinking and skills required for business .

MBA is offered by elite MBA institutes in the country including the Indian Institutes of Management and Management (IIM), universities , colleges and many private sector institutes. Degree and post graduation diploma courses are conducted. If you want to make a good career in management , then after success in MBA entrance examinations, you can move ahead on the bright path of career by choosing a good institute for any course of specialization according to your suitability .

Dr. Jayantilal Bhandari ( Renowned Career Counselor) 111, Gumasta Nagar , Indore- 9 ( Phone- 0731 2482060, 2480090)