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Business Administration Career

In business, administration consists of the performance or management of business operations and thus the making or implementing of major decisions. Administration can be defined as the universal process of organizing people and resources efficiently so as to direct activities toward common goals and objectives. Business administration is one of the most sought after careers and it is all about managing business functions such as finance, management, services etc. It can be defined as the process of managing and supervising the business and related operations of a company or organisation. Business Administration has become prominent with the rapid growth of industrialisation which made the industries think of a scientific approach towards business. As a result, a large number of business schools have come up rapidly all over the world, and a degree in Business Administration has become the norm. India is one of the major countries which offer good business education.

With a wide range of specialised fields like Marketing, human resource, operations, finance etc., Business administration is one of the glorious and most paid professions of this era. It is an achievement-oriented profession which has opened limitless opportunity in diverse spheres with the promise of rewards in the form of good remuneration, status and scope. Personal skills such as communication, analytical ability and professional skills like time management and presentation are needed for a bright prospect in this career. Many Indian and foreign institutes are giving professional coaching in this field and the highly paying placements through campus selection is an added attraction

Eligibility For Business Administration Career

Bachelor of Business Administration (BBA), Bachelor of Business Management (BBM), Bachelor of Business Studies (BBS) are some of the under graduate courses. One should have 10+2 or equivalent qualification for applying for Bachelor courses. Normally Bachelors programmes are of 3 years duration, but it varies depending on the institutes. The basic qualification for MBA is a graduation in any discipline such as B.Com, BA., B.Sc., BE/ Btech etc. However, subjects such as commerce, economics and mathematics would prepare a candidate better for pursuing business studies.

There are full time and part time post graduate programmes in management, i.e full time/ part time MBA and PGDM (Post Graduate Diploma in Management/ Business administration) programmes. For better career prospects, fresh graduates are required to enroll for 2 year full time programmes. Technically there is no difference between 2 year full time MBA and PGDM programmes. MBA programmes are awarded only by the universities or university affiliated colleges whereas PGDM programmes are honoured by independent colleges. 2 year full time PGDM programmes are considered equivalent to MBA. 1 year / part time PGDM programmes which are meant for working executives are not equivalent to MBA. But there are exception for some top B Schools where their 1 year programmes are considered equivalent to MBA. So students must be very careful while choosing the programmes. Doctoral degrees in business administration are generally only for those who wish to pursue the academic or research sides of the field

Job Prospects & Career Options For Business Administration Career

Business management is one of the most sought after careers, and a wide range of opportunities are available for Business Administration graduates. It is easy to get managerial or executive jobs for those who hold business degrees especially an MBA degree. And from this executive post one has an opportunity to climb the ladder and occupy the top most positions in the company. As many MNC's are coming up and Indian companies are going for joint ventures, there are ample career options in this field

The major job prospects in the field of management are :
A Marketing manager is one who manages the marketing techniques such as advertising, distributing and selling of a product to the clients properly. He should understand the four Ps well that are product, price, placement or distribution, and promotion or publicity. A Financial manager has the responsibility of managing the capital (finance) of the company. He should be very clear about the budgeting of the company. A Human Resource Manager is one of the most important persons of an organization as he manages the manpower of the company. Recruitment, training, induction, employee benefit administration, performance appraisal are some of the major responsibilities of a Human Resource Manager of the company. An Operations Manager is one who manages of the resources, goods and service. Apart from these major areas, there are several specialised areas like Information Technology, Hospitality, Tourism and Pharma Management.