A business organization runs on a set of skills, from funds to efficient labor, and collectively this whole system is known as management. This deals with the planning, organizing, directing, and staffing of the complete organization, to get desired accomplishments and satisfactory outcomes. The management of a business is as much on the employers as on the employees.
Based on the various departments in an organization, or the diversity of Business world, there are various courses in management, known as MBA. Some of these courses are:
- Retail Management
- Hotel Management
- NGO Management
- Health Management
- Event Management
- Disaster Management
- Management in Accounting
- Human Resource Management
- Management in Global Business
- Marketing Management
- Bachelor of Business Administration
A student need basic education, that is, Senior Secondary, to apply for any of the courses offered under Management. There are common entrance examinations like CAT, for admission in IIMs, and many other institutes are covered under other examinations like XAT, MAT, IIFT, SNAP, FMS which then declare merit list. The entrance examinations for management courses, have three parts, a written exam, a group discussion and a private interview.
To prepare for the exam, one needs to work on the basic elementary market ideas, analytical thinking and mathematics, and should have good English and reasoning skills. You can start preparing after your board exams or even during that. A student can also apply for management courses after graduation in any stream, though he will have to go through all the steps.
A candidate with an MBA degree has various options in the business world. You can apply for Managerial and Executive posts in companies that are, banks and financial industries, export- import or trading firms, marketing organizations, MNCs, and public sector enterprises. You can also start your own business or join some international enterprise like World Bank, UNICEF and UN Bodies.