Administration and Management

There is no alternative to succeed in the corporate world except to work hard for it. Looking for a job in the corporate world by specializing in skills like administration and management would be the best option. Big firms manage their work using different methods, and you can be part of it. Here we have lots of options, great ideas which can help you reach your goals. 

It's not about money. It's about the people you have, and how you're led."

- Steve Jobs

Management and administration are important as they help in achieving group and organizational goals. They look for full time, rigorous working of the firm, and its employees. The methods adopted by managers helps in reducing costs at various levels. Management is the safe career to look for at this time of pandemic as people are opting for work from home nowadays. Students who want to pursue their career in management can also take online classes easily. 

Most In-demand Careers in Management and Administration are:

• Entrepreneurship: 

Starting your own business and encouraging others to create a need and setting up business ideas is entrepreneurship. It is also about taking financial risk to launch a product. And a lot of grit and determination as well!

• Marketing manager:

Marketing managers look for market needs and figure out how to fulfill them. They often promote business by collaborating with sales agents. They are majorly employed by advertising agencies. 

• Financial Analyst:

Financial Analysts give information on business plans along with its feasibility. They work on stock analysis, latest economic business trends, and preparing written and verbal reports for management and investors. They are hired as portfolio managers, risk analysts, or fund managers. 

• Human Resource Manager:

Managers who work for administration work, and hiring employees according to company needs are known as HR managers. They look for business needs, and hire those candidates who are right for the job. Also, they look for employee discrepancies. HR managers are needed by all big companies for their employment and recruitment processes.

• Purchase Managers:

Purchase Managers work on purchasing of products that a business uses to operate or resell as part of their product and service offering. It involves evaluating suppliers, purchasing contract negotiations, and establishing product quality. 

• Management Analysts:

Management analysts, often called management consultants, recommend ways to improve an organization's efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Other prominent job roles offered to an Administration and Management graduate: 

• Portfolio Manager

• Financial Advisor

• Sales Manager

• General and Operations Manager

• Supply Chain Manager

All of these professions are relevant for you if you have an interest in management and administration. But before going for it, the first and foremost step is to know about these professions in advance. Small steps can lead to big changes. It is very important to work on it on a regular basis. 

Top courses in Administration and Management

There are many undergraduate and postgraduate courses which lead to management field, some of them are as follows:

• Bachelor of Management Studies (BMS): BMS is an undergraduate course, specialized in management goals for receiving a variety of knowledge in running an organization. The three years course provides knowledge on trading, finance, entrepreneurship, risk analysis, and much more.

• Bachelor of Business Administration (BBA):  A three years undergraduate course, a path, that leads towards finance, marketing, sales etc. This course is open for students from all streams: science, commerce, humanities.

• Master in Business Administration (MBA)/PGDM: These courses are two years postgraduate programs,for the students of every stream who are looking for jobs around the world in the corporate world. One can pursue MBA or PGDM through any mode, such as, regular, distance, or executive MBA. They are combination of theory classes and learning new business techniques with practical experience by doing internships along with this course. Difference between MBA and PGDM is that MBA is a degree course that can only be offered by the colleges affiliated to Universities, whereas PGDM or Post Graduate Diploma in Management is a diploma course offered by autonomous institutes and it is more industry oriented.

• Bachelor Of Business Economics (BBE): BBE is also a three years undergraduate course, giving you an in-depth knowledge about economics, and its use in business, like microeconomics and macroeconomics, and also its application. It looks at the legal aspects of business, and business analysis.

• BHMCT (Bachelors in Hotel Management and Catering Technology): Bachelor of Hotel Management and Catering Technology (BHMCT) is an undergraduate degree program in the hospitality and travel stream. BHMCT is a four-year program that provides aspirants with the analytical and leadership skills they need, to work in the hospitality industry.

• Post Graduate Diploma in Educational Management and Administration (PGDEMA): The program was created in response to the growing demand for skilled administrative and management personnel in a variety of educational systems and organisations. The curriculum is structured to give students a thorough understanding of both theoretical and realistic aspects of educational management and administration in today's and tomorrow's educational environments. 

           The programme has been devised considering the following objectives:

1. To improve individual performance as educational administrators and leaders;
2. To improve the effectiveness and productivity of educational organisations; 
3. To upgrade skills in areas such as interpersonal relationships, leadership and team building, strategic planning, and decision-making, all of which are needed for successful management.
4. To give students a basic understanding of management principles and how to apply them

All these courses are a kick starter for people who want to pursue a career in management and administration. These courses also give a path to those who want to start their own startup. In college, clubs, and other societies related to entrepreneurship, work on brainstorming activities is done to start a business and pursue it together.

Conclusion

The world is in need of good managers who are dedicated to their work, who can boost sales and can look into financial matters, can work with others and motivate them. In fact, even advancements in AI and robotics will not be able to replace this human connection and supervision. Thus, a career in management can give you the recognition and financial support to make you successful in life.