Career in Business Management in India – Eligibility
Graduate studies in business requires a good percentage in standard XII from any subject stream. However, subjects such as commerce, economics and mathematics would prepare a candidate better for business studies. Selection is either on the basis of class XII marks or through an entrance test. Postgraduate studies require a undergraduate degree ( BA, BSc. or BTech. ) in any discipline and clearance of entrance selection processes. A requirement of a minimum of two years of work experience is likely to be introduced for eligibility to most master’s programmes to keep them on par with international management courses.
Duration of Management courses
- Undergraduate studies ( BBA ) : 3 years.
- Postgraduate course ( MBA ) : 2 years
- Part – time course ( MBA ) : 1 – 3 years.
Growth of Management Education in India during 1994 – 95 and 2006 – 07
|1994 - 95||312||26,874|
|2006 - 07||1,132||94,704|
Region wise Distribution of Management Institutes and Intake ( MBA / PGDM ) Year 2006 – 07
|S.No.||Region||No.of.Institute||% age||MBA/Intake Per PCDM Institute||Average|
|1||Central Region (M.P.Gujarat, Chhatisgarh)||91||8.04%||7,275||80|
|2||Eastern Region (W. Bengal, Orissa, JharKhand, North west)||78||6.89%||7,085||91|
|3||Northern Region (U.P. Uttarakhand, Bihar)||137||12.10%||16,170||118|
|4||Northern western Region (Delhi, Rajasthan, Haryana, Punjab, H.P., J&K)||183||16.17%||14,095||77|
|5||Southern Region (A.P.Tamilnadu, Pondichary)||374||33.04%||24,850||66|
|6||South Western Region (Karnataka, Kerala)||123||10.86%||9,107||74|
|7||Western Region (Maharastra, Goal, Daman & Deu) All India||146|
Specialized National Institutions
The IIMs at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore and Kozhikode ( Calicut ) are autonomous institutions set up by the government of India. They are rated as the premier business schools within the country and are reputed abroad for the caliber of their alumni.
State – wise Position of Management Institutes in India in 2006 – 07
|S.No||State||No.of.B - Schools||% Age||Intake||% Age|
|31||Andaman & Nicobar||Nil||Nil||0||0|
|33||Daman & Deu||Nil||Nil||0||0|
( Source : AICTE : Annual Report / Hand Book Table – 1/2/3 )
Comparing the pay package
Professional degree ruled the roost and Bachelors ( Professor ) and MBA’s were among the best-paid profiles in the lot. In the top managerial levels, Masters’ level qualifications also earned comparable salaries.
I. Sales / Business Development
|Business Dev. Management||7.14||8.57||9.01|
|Head - sales||-||26.55||30.22|
|Mar Communicated Management||4.36||5.49||6.61|
|Chief Marketing Officer||-||29.08||31.87|
III. Human Resource Management
|Manager - HR||7.92||8.53||9.88|
|Head - HR||23.63||27.35||30.26|
|Chief Finance Officer||-||27.41||33.05|
Experience and Type of B – school matter’s
IT employers showed clear preference for employees from Type A education institutes, ( MBA ) Types A institution include premium B – schools like IITs , IIMs and NITs etc. The salary premiums are as high as 50 percent in some cases. An MBA was a qualification sought after for the top managerial positions. Here again the type of institute played an important role in determining salary levels.
Importance of Experience
|0 - 3 Year||4.09||4.41||4.26||7.48||6.05|
|3 - 5 Year||4.96||5.87||5.85||6.07||7.26|
|5 - 10 Year||7.74||9.31||8.39||8.63||10.54|
|10 - 15 Year||12.21||15.39||13.32||18.78||18.58|
|15 - 20 Year||14.27||21.20||18.07||24.70||26.03|
Note : All salary figures in lakhs. Salary figures used in this report are median of salaries in the particular job profiles
Career in Business Management Eligibility – Courses Details of Business Management – Job Prospectus for Business Management – Duration of Management courses – Specialized National Institutions – Sales / Business Development, Marketing, Human Resource Management, Finance Management Salaries
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