Which field of management career attracts you?
The field of management career is known to be a very prestigious and prosperous option. With widespread technological advancements and comprehensively enduring global market, employment of management occupations has been growing at a spiralling speed over the last decade, thereby creating tons of opportunities in every sector.
Managers are sought after by business organisations everywhere, whether to seed ideas for the formation of new ventures or to expand the operations of existing ones. Under management studies, students are honed with the intrinsic technical, interpersonal and conceptual traits so that they can meet the pre-specified targets of their respective organisations.
In today’s scenario, management is exponentially being recognised as one of the highest paying careers, generating a plethora of jobs in both multinational corporate entities as well as public sector undertakings at various executive, managerial and collateral positions.
Symbolically, popular management courses, such as BBA, MBA, and PGDM, are offered by many renowned educational institutions both at the graduate and post-graduate levels. Many leading business colleges also provide executive certification /part-time diploma courses, specifically designed for propelling the career of working professionals to sharpen their skills and help them climb up the ladder to the next hierarchical level.
If you relish overseeing large projects, enjoy leading a team, take part in solving business glitches and actively strive to ameliorate work standards, then you might be best suited for this career option. Some of the common areas wherein there is a huge demand for management degree holders, each with a unique set of responsibilities, are:
• Human Resources Managers: Human efforts being the most valuable asset contributing towards a company’s progress, organisations have no recourse left but to take ultimate care of its workers. The work of human resource managers encompasses, among other things, the hiring of the most qualified workers, retention of talented individuals, amicable settlement of employee disputes, overhauling of internal policies, conducting employee training and development programs, managing compensation and benefits packages of employees, etc.
• Chief Executive Officers: Since it is one of the top most ranks in an organisation’s hierarchy, what comes parallel with its hefty pay packages is the essential responsibility of the company’s success. They assume utter authority to fuel resources in an organisation’s pocket, needed to satisfy its long-term aspirations. Besides setting goals for each department of the organisation, the top executives monitor budgets and finances to assess the company’s overall performance.
• Information Systems Managers: Apparently, all businesses today rely on fast-driven technologies to handle their day-to-day operations. Also called IT professionals, managers of computer technology are responsible for planning, installing, upgrading and coordinating technology-related activities within an organisation. Not only do they conceive technological needs of the business, but also take steps to implement programs to meet such needs.
• Marketing Managers: Aiming to generate gravitated interest of consumers towards the products or services offered by a company, these managers identify potential markets, oversee advertising campaigns and devise marketing strategies for customer satisfaction and profit maximisation. They contemplate market trends by conducting a thorough market research to predict demand and consumers’ willingness. Marketing managers work closely with sales, production, product development and public relations departments.
• General and Operations Managers: As the name suggests, general managers are required to perform a variety of different duties such as the overall administration of daily office activities, formulation of corporate policies, acting as a point of communication between employees and management, handling specific projects, and more.
• Financial Managers: Financial managers are responsible for staying vigilant with aspects of financial health, solvency and long-term viability of an enterprise. They prepare and summarise financial statements, report on and analyse current finances, make future investment decisions and weigh in on the financial goals of cost cutting, profit increase and business expansion.
• Architectural and Engineering Managers: Companies in manufacturing, architectural and engineering services place confidence on experienced professionals for their big avenues. Engineering managers work to develop the overall concept of new products and designs; locate technical malfunctions, which hinder smooth completion of a project; assess materials and equipment needs; and set and follow budgets.
• Sales Managers: An organisation’s sales team is directed by sales managers. They establish sales goals and oversee sales strategies, hire and train organisation’s sales personnel, meet challenging sales volume and targets, appoint sales representatives to different regions, and continually try to improve sales data records.
However, barring industry specific peculiarities, what completely matters is how an individual makes the most of his or her skills and aptitude to get paid in the market. If you possess firm leadership skills and have the aspiration to manage projects, then why not shoot for any of these management careers based on your interest area?
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