India has a large young adult population. This population is enrolling into master’s level Management courses and graduating every year. These large numbers of graduates are being absorbed in different national and international organizations. Looking at this rush, many students are on the fence if they should jump into the Management bandwagon. To answer this question, one must look to earn a degree in Management.
There are several top-ranking Management universities. They have courses ranging from bachelor, master, doctorate to short-term courses. One such university is Kalinga University. The university has a popular MBA degree in eleven different concentrations. From general concentrations like Finance, Human Resource Management, and Marketing to more niche offerings such as Real Estate and Infrastructure Management, Logistics and Supply Chain Management.
However, before one goes about preparing for and enrolling in a management degree, let us understand what working as a Manager is like and what it involves. A description of the Management field is as follows.
Job Description of Managers
To better understand if a particular job is a right fit, one must understand what the career or job entails. Management is a job that needs individuals to have strong people skills. On a daily basis, the manager is talking to many people, making decisions, networking, and more. People who are natural-born leaders and enjoy directing the flow of work in a planned manner would do well in management. Some other skills that are essential for a manager are conflict resolution, negotiation, forward thinker and an organized work style. In addition, besides knowledge of technical and conceptual skills, Managers also must have good communication skills, both written and spoken.
The top MBA colleges in Chhattisgarh like Kalinga University offer MBA programmes to students in order to hone their management skills besides academic learning.
Types of Managers
When we talk of managers, there are several types. These types will depend on the type of organization and the department the said manager is working at. Stated below is a description of the major types of managers.
Production Manager: The Production Manager works typically in manufacturing. Here, manufacturing can range from food production to industrial productions. The exact job duties will depend on the industry and company. However, in general, Production Managers handle planning, budgeting, operations, looking after materials to overlook the sales. This role needs the individual to not only have strong technical knowledge but also interpersonal skills. This role earns an average of INR 7 – 9 LPA.
Project Manager: As per the name, Project Managers are responsible for the whole project. From the initial planning to overlooking the project to the launching of the end product is overlooked by the Project Manager. This manager works with clients, their budgets, and needs to craft the perfect project. At any given point in time, they are responsible for talking to the contractors, budgeting, monitoring the project progress, and also communicating updates to the upper management. They also typically have a large team working under them. Project Managers earn upwards of INR 12 – 16 LPA.
Sales Managers: They help companies increase sales of their products and services. It is a role that exists in every kind of organization. On an average day, they cold-call customers to promote the company offerings. The goal is to increase the base of loyal customers. This role needs strong negotiation skills to succeed. Sales Managers earn an average of INR 6-9 LPA.
Management Consultant: Management Consultants are experts in one aspect of management. Companies hire them to solve specific management problems. In addition to analyzing the problem, the consultant will offer suggestions and help in enhancing the company’s performance and efficiency. It is a demanding position with high expectations. In India, Management Consultants earn an average amount of INR 15 – 20 LPA.
Finance Manager: A Finance Manager looks after the finances of the company. They do more than just handle payrolls and other administrative tasks. They take care of the company’s investments and suggest new opportunities for investment. The Finance Manager is responsible for budgeting and preparing financial reports for the organization. This role needs strong knowledge of Accounting and Finance. Indian Finance Managers earn an average of INR 8 – 10 LPA.
Human Resource Managers: They are in charge of the Human Resources department. They manage hiring, interviews, payroll, leaves, promotions, etc. The HR Manager prepares, updates, and enforces the company’s policies on employee conduct. Additionally, they organize team-building events from time to time. This role earns an average salary of INR 5 – 8 LPA.
Social Media Manager: This is a newer Manager role that has grown in popularity in recent times. The Social Media Manager is responsible for all of the organization’s social media accounts. Profiles can be found on professional networks like LinkedIn and on other social media sites like Instagram and Facebook. Another major responsibility is customer interaction. This role earns an average salary of INR 3 – 6 LPA.
Educational Qualification Required
Education and other qualifications required to work as a manager are highly dependent on the hiring organization and the scope of the job. In general, individuals with a master’s degree in Management such as MBA are preferred. On top of the general MBA degree, choosing different concentrations will help in niching down in a particular Manager job. For instance, to work as a Finance Manager, a degree in MBA in Finance would be appropriate. Certain organizations also sponsor candidates to earn a management degree. While some others have management training programs in-house to train new recruits.
Scope of Management Course
In India, there is a large scope for Management. Since practically all organizations need Managers in different departments, jobs are always open every year for the new graduating class. One can choose from Operations, Finance, Manufacturing, Marketing, PR, and more. With experience, higher management job roles open up to the individual. In terms of higher education, depending on the degree the candidate has, there are master’s degrees and also doctorate degrees in Management research areas. After completing a PhD in Management, graduates can work as professors and educators.
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