Thursday, August 23, 2007

Management Studies

Management Studies

A formal qualification in management is gradually becoming an essential prerequisite for career entry just
like in engineering and medicine. An MBA is the most sought-after business programme in the world. MBAs
can specialise not only in Business Management and Industrial Administration but also in other areas such
as Health Care, Administration of public Enterprises, Computer Management, Labour Management, Rural
Management, Financial Portfolio Management, Personnel Management etc.

Management is all about controlling & coordinating the work of other people in the organisation. The manager administers the resources at his disposal in such a way as to maximise efficiency and increase output. The field offers specialisation in various branches of business like Personnel, Production, Finance, Marketing, Operational Research, Planning, Construction etc.

Personnel Managers
Personnel Managers are commonly Human Resource Managers. Their duty is to interview & recruit personnel, handle wage & salary administration, handle union- management relations, over see personnel training etc.

Finance Managers
Monitor the financial aspects of the institution. They administer the cash flow, evaluate the financial health of the company and assess the future prospects of the business.

Marketing Managers
Marketing Managers study the marketability of the product and implement measures to enhance sales.

Operations Managers
Operations Managers are concerned with logistics management. Their duties revolve around inventory control, personnel schedules, resource allocation, product mix and distribution systems. They help to enhance the productivity and performance of an organisation.

Systems Manager
Systems Manager uses Information Technology resources to achieve organisational goals.

Export Managers
Specialise in the professional handling of international business They are concerned with negotiating and expediting business transactions.

There are also other speciali-sation programmes like Environmental Management, Forest Management, Hotel Management, Hospital Administration, Rural Management etc.

Job Market
A variety of sectors open their portals for the management specialist. Those who have graduated from the prestigious IIM's are employed by MNC's. Others can find themselves in executive positions in manufacturing & service companies, IT companies, management consultancy firms, banks & financial institutions.
Training Programmes Eligibility
1. Bachelor of Business +2/equivalent
Administration (BBA)
2. Master of Business
Administration (MBA) Graduation

Selection to MBA
Selection to the MBA programme is on the basis of performance in a Written Test, Group Discussion and Interview. The IIM's conduct a Common Written Test (CAT) for admission to institutions recognised by them. The All India Council of Technical Education (AICTE) conducts a Management Admission Test (MAT) for providing admission to colleges recognised by AICTE. The written test includes questions on English usage & vocabulary, Mathematical Aptitude, Data Interpretations & Reasoning Ability.

For More Deatils:http://managementstudiesinindia.blogspot.com

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