Career in Management

Updated November 30, 2021

A Career in management provides you with the opportunity to achieve status, enjoy exciting work, and interact with several people. In today’s business world, a Career in Management is one of the best options. Companies and industries are growing faster and require skilled managers to make their companies and industries profitable. Apart from working under the companies and industries, you can be your own boss. By pursuing management programs, you will gain well-equip skills that will apply to all sectors. On getting these skills, you will be in the top positions and will take hefty annual packages.

Besides promising hefty annual packages, it provides an exciting career. Additionally, you will see, the more you accumulate experience, the higher you go in your career ladder. Managers with appropriate skills and experience are the world most highly paid professionals. The most rewarding aspect of pursuing a career in Management is that you acquire transferable skills that apply to all industrial sectors. Moreover, there are plenty of management specializations to choose from that are-

(i) Accounting Management

(ii) Biotech Management

(iii) Business Management

(iv) Cooperative Management

(v) Dairy Technology and Management

(vi) Event Management

(vii) Export Management

(viii) Financial Management

(ix) Foreign Trade

(x) Hotel Management

(xi) Hospital Management

(xii) Hospitality Management

(xiii) Human Resource Management

(xiv) Industrial Management

(xv) Modern Office Management

(xvi) Personnel Management

(xvii) Retail Management

(xviii) Rural Management

(xix) Sales & Marketing Management

(xx) Tea Management

(xxi) Textile Management

Managers play a pivotal role in the success of organizations. Moreover, they also play an important role in shaping the world we live. Managers assemble everything that is required for the best possible results. They coordinate the people, resources, and other requisite factors for the best output. There are many management specific positions, including-

Chief Executive-

As we have already discussed above, managers play a pivotal role in the success of organizations. In Addition, CE is also responsible for leading the development and execution of long-term strategies, intending to increase the shareholder value. Companies mostly adopt a two-tier corporate hierarchy- the first tier being the Board of Directors and the second tier being the company’s upper management (executive Level managers). The popular roles assigned to the executive level managers are- (I) CEO- Chief Executive Officer, (II) CIO- Chief Information Officer, (III) COO- Chief Operational Officer, (IV) CFO- Chief Financial Officer, and CMO- Chief Marketing Officer. They are assigned specific roles accordingly. The company well pays them, and it is about Rs. 29,34,823 to Rs. 1,47,68,520 (approx).

Skill Requirements for the Post are as-

Excellent Planning and Coordination Skills
Ability to work Under pressure in order to achieve targets
Advanced MS office and accounting software skills
Ability to communicate effectively solve problems
Time management as well as leadership skills

Marketing Manger

Marketing managers play an essential role in growing the business by developing strategies and tactics to promote and sell its products to its customer. They have an enormous contribution to the success of an organization. Additionally, marketing management is an exciting and thrilling career choice; it can offer the potential to travel, handle luxury goods and services, attend significant events, and even take part in new technology trials. Apart from enjoying an exciting career as a marketing manager, there are various other responsibilities to lead the organization, including tracking and analyzing the performance of advertising campaigns, managing the marketing budget and ensuring that all marketing material is in line with our brand identity.

The marketing managers are employed to attract an audience or customer for their brand and product. To do so, depending on the size of the company, they have to involve in various activities to get significant traffic of customers, such as-

Social media management.
Website management.
Copywriting and content management.
Data analytics.
PR and Corporate Communications.

The position of marketing managers is very responsible, so they require best suited skills and education qualification for the post. Candidates with a creative mind and strong business acumen are best suited for this management role. Moreover, good communication and ability to lead the team in order to get the potential outcomes are two vital prerequisites for Marketing Managers. For this post, an organization pays hefty of annual packages, about Rs 16,44,431 to Rs. 1,47,54,792 (approx).

Architectural and Engineering Manager

An engineering and architecture manager directs, plans, coordinates activities and proposes budgets for projects and programs. Moreover, they create detailed technical plans, manage personnel and resources, and communicate with clients and the team. They apply their technical knowledge and experience to ensure that the strategies, materials, and techniques are adequately suitable for the specific situation. Engineers and architects managers also ensure that projects comply with relevant codes and maintain projected budgets and schedules. Along with this, there are various roles offered in the field-

Architectural Sales Representative
Senior Engineering Manager- Architecture
Project Manager Architecture
Architecture and Resources Manager
Senior SAQ Architecture & Engineering Manager
Security Architecture and Engineering Manager

For this professional post, candidates require best-suited skills and experience, including understanding architecture planning and engineering, good technical skills and time management skills, good communication skills, and 5 to 6 years of experience in the field of Architecture. Moreover, the candidates must have B. Arch Degree followed by MBA or PGDM programmes. Management is a thrilling career choice; it offers a hefty amount for this post, about 10,28,270 to 1,47,11,296 annually.

Financial Manager

Financial Managers are responsible for all financial aspects of a company and provide guidance and advice to upper-level management on future financial plans. Financial Managers prepare comprehensive financial reports, develop strategies to budget and forecast, brainstorm ideas for fund procurement and risk assessments, examine critical metrics, and analyze the company’s economic performance. Moreover, they set both long-term and short-term financial objectives and develop data-centric strategies to meet the goals. They coordinate with departmental and project managers to make the most important financial decisions, including budget and investment plans, resource allocation, and other financial plans. It means they are the root of all major decisions and play a crucial role in the success of the organizations. The popular roles assigned to the finance level managers are–

Collections Department Manager
Finance Director
Controller-Finance Service
Accounting and Financial Control Chief
Finance Manager
Investments Research Director

Finance Managers need to have B.Com and BBA in Finance followed by MBA in Finance. Additionally, they should have an excellent ability to solve problems, work in stressful situations, and have analytical and technical skills. They should also possess 5-8 years of experience in accounting or financial analysis.

Natural Sciences Manager

High paying management jobs are not only available in the business world, though candidates from the science stream can also avail managerial positions in the same field. A manager of Natural Sciences manages employees, research projects and administrative policies. They collaborate with their organization’s senior executives to develop research goals and determine how to achieve those objectives best.

Natural sciences managers figure out what personnel, equipment, materials and training are necessary for a particular project and establish a budget for that project. They oversee and assist the scientists and technicians in their research team. Some natural sciences managers spend all or most of their time on administrative and supervisory duties. While others, known as working managers, research their own along with overseeing other scientists’ work. Laboratory managers focus particularly on managing the supplies needed for research.

Before they advance to management positions, most natural sciences managers spend years working as scientists – chemists, biologists, physicists. They gradually take on more responsibilities during their careers, such as overseeing teams of researchers and guiding the direction of research projects and experiments. A natural science manager is a graduate in life sciences or related fields. They possess strong knowledge and high levels of integrity and experience in the chosen field.

Sales Manager

Through his skill and leadership, A Sales Manager helps the organization to keep the revenue engine running. They are responsible for managing and supervising a company’s sales team, setting sales quotas and goals, creating sales plans, analyzing data, accomplishing sales targets, and increasing sales by expanding the brand reach. Apart from doing these, Sales Managers spend a significant amount of time building relationships with clients and business partners. A sales manager collaborates with product development and marketing teams to create suitable campaigns to boost customer-brand engagement and drive sales. The famous roles assigned to the sales level manager are as–

Territory Account Manager
Regional Sales Manager
Support Eng. Manager
Senior Sales manager
Senior Manager, Analyst Relations
Business Development Manager
Sales Area Manager-Enterprise
Marketing Manager

The Sales Managers must be highly experienced in marketing, business management, business administration, and customer relationship management. They should possess excellent communication skills to provide effective customer service, leadership skills to direct the team in a progressive direction, problem-solving skills for effective market flow and Analytical skills. Moreover, they must have a graduation degree followed by an MBA or PGDM (preferably with specialization in sales) with 2-3 years of experience in a sales profile. They are well paid, and it is about Rs. 5,35,799 to 95,83,284 annually.

Human Resources Manager

The Human Resource Manager directs the routine functions of the Human Resources (HR) department, including hiring and interviewing staff, administering pay, benefits, and leave, and enforcing company policies and practices. They are the link between an organization’s top management and the employees.

Human Resource functions also perform many other functions such as boosting employee morale and productivity in the workplace, creating talent acquisition plans, monitoring employee performance, evaluating employer-employee relations etc. In essence, HR managers are the professionals responsible for attracting, motivating, and retaining the most qualified talent by directing the administrative functions of the Human Resource department.

Human Resource Managers must possess excellent listening, negotiation, and communication skills. Moreover, they should have a Bachelors degree in Human Resources, Business Administration, or related field required and a minimum of three years of human resource management experience.

Compensation and Benefits Manager

A manager of compensation and benefits plays a crucial role in coordinating the corporate compensation and benefits department. C&B Manager is responsible for ensuring fair and accurate compensation, including regular salaries, bonuses, stock options, pensions, and any additional types of employee benefits. In a bigger organization, it may be a different department, while in a smaller one, it may be just one of the duties of an HR Generalist. Compensation and Benefits managers must possess good planning and communication skills and efficient PR skills. Moreover, they should have six years of experience in the field of HR management.

Computer and Information System Manager

A job in the I.T. sector is an exciting one because it offers an opportunity to learn, travel, interact with people, and even you can be tech-savvy. Since the world is shifting towards technology, so these types of professional jobs are in high demand. Computer and information systems manager expertise in the technology functions and other requirements is vital to run their companies. These posts require highly professional and skilled because they will be in charge of a company’s technology functions and requirements. Computer and information systems managers plan, coordinate, and direct research and facilitate the computer-related activities of firms.

Being a highly tech-oriented job role, they must have an excellent understanding of computers and information systems and be fully aware of the latest technology trends. Along with this, computer and Information System managers must possess the ability to coordinate with clients and communicate with teams. Apart from skills, computer and Information System Manager need B.Tech or B.E. in computer science/I.T. along with an MBA in Technology Management or relevant field. A manager of Computer and Information Systems earned a hefty package, and it is about Rs. 1,47,68,000 to 10,47,559.

General and Operational Manager

General and operations managers are amongst the highest-paid employees, but this can cause intense competition for these positions. A small percentage of applicants apply for these positions because of the long hours, the significant travel requirements, and the constant pressure to finish with the top job. The majority of general and operational managers hold at least a bachelor’s level and work experience. However, their education levels vary because each manager has various obligations to fulfill.

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