Business Management is the branch of Education that provides knowledge and training pertaining to planning, execution, supervision and analysis of a Business Enterprise. Here one learns about the establishment of a Company and its functional areas such as production, financial, administrative, Human resources, sales and marketing, etc. One can pursue Business Management both at the undergraduate and postgraduate level. Bachelor of Business Administration(BBA) is a 3-year undergraduate course and Master of Business Administration(MBA) is a 2year postgraduate course. The average course fee for BBA is from 50.000 to 2lacs and the fee for MBA is from 2lacs to 30 lacs. The average starting salary is more than 3lacs to 28 lacs.
There are so many top colleges that are offering the course study BBA and MBA. Students always prefer top colleges like the Indian Institute of Management(IIM), XLRI, BHU, and some reputed private colleges. Some of the topmost colleges offering this course are listed below.
There are two types of courses offered in Business Management. That is MBA and BBA. Before applying for this course one should have complete knowledge about the course, its duration, course fees, job Positions, top recruiting Companies and other things. The details of the course is tabulated below.
|NAME OF THE COURSE||Business Management|
|COURSE LEVEL||Undergraduate(BBA) Postgraduate (MBA)|
|DURATION||3Years for BBA and 2Years for MBA|
|ELIGIBILITY||10+2 from a recognized board for BBA and Graduate with 50% marks|
|COURSE FEES||50.000 -2lacs for BBA and 2lacs-30lacs for MBA|
|AVERAGE STARTING ANNUAL SALARY||3lacs to 30lacs|
|TOP RECRUITING COMPANIES||TCS, HP, IBM, ICICI Bank, ISRO, Amazon, Apple, Citi Group, Facebook, Accenture, etc|
|JOB POSITIONS||Manager, Deputy Manager, Accounts Manager, Marketing Manager, etc.|
Course & Eligibility:
Before applying for this course the applicant should be clear about the course, duration, Eligibility and top entrances conducted for this. Here is mentioned the details about this.
10+2 from a recognized board or University. One needs to clear the entrance tests conducted at both the national and state levels.
|Master Degree||2 years||
The aspirant must have at least completed graduation (aggregate score of 50%) in any stream from a recognized university. Candidates have to qualify in one of the postgraduate entrance exams.
The management course is very demanded in current days. Many organizations hire MBA professionals for efficient work in their organization. Some of the companies that hire BBA or MBA candidates are as follows:
- Accenture and many more.
- Bain & Company.
- Goldman Sachs.
Generally, admission to BBA courses is done on a merit basis. But there are some colleges that give admission to the candidates through entrance tests. Some of the top entrances conducted for BBA are UPSEE, NPAT, AIMA, UGAT, SET and DU JAT.
To get into a well-known Institution, which provides MBA (Master in Business Administration) Course, students have to clear the entrance examination. Candidates minimum require a bachelor's degree with 50% aggregate marks. After qualifying the entrance exam, students have to go through the counseling procedure followed by group discussion and personal interview. Some of the top Entrance tests conducted for MBA are CAT, MAT, XAT, CMAT, and NMAT.
BBA is a 3year undergraduate course consisting of 6 semesters and there are 4 semesters in MBA. The syllabus for MBA is very Vast as this course study is divided into various specializations. The detailed syllabus for both MBA and BBA is clearly tabulated below.
The Year Wise Syllabus for BBA:
|YEARS||SUBJECTS TO BE COVERED.|
|FIRST YEAR||Financial Accounting, Microeconomics and Macroeconomics, Principles of Management, Cost Accounting, Principles of Marketing, Essentials of IT and Environmental Management.|
|SECOND YEAR||Banking and Insurance, Management Accounting, Business Law, Tax, Human Resource Management, Financial Management, Consumer Behavior and Services Marketing.|
|THIRD YEAR||International Business and EXIM, Strategic Management, Finance Electives, Research Methodology, Operations and Supply chain Management, Financial Statement Analysis, Entrepreneurship and Business Plan.|
The detailed Semesterwise Syllabus For MBA:
|Organizational Behaviour||Management Accounting|
|Business Communication||Management Science|
|Quantitative Methods||Marketing Research|
|Human Resource Development||Organizational Effectiveness of Change|
|Marketing Management||Operation Management|
|Financial Accounting||Financial Management|
|Managerial Economics||Management of Information System|
|IT Management||- - -|
|Business Ethics & Corporate Social Responsibility||International Business Environment|
|Legal Environment Business||Strategic Management.|
|Strategic Analysis||Project Study|
After the completion of the MBA or BBA degree students are placed in various big companies as Manager, Deputy Manager, Accounts Manager and Sales Manager, etc. So to handle the prestigious position one should have some essential skills which are most important in this field. some of the required skills are mentioned below.
- Problem-solving and analytical skills.
- Adaptability to change.
- Interpersonal and communication skills.
- Strategic thinking and planning abilities.
- Global orientation.
- Good communication skills.
The admission process for BBA and MBA is done on the basis of rank secured by the students in respective entrance tests. There are so many entrance tests are being conducted for the admission process. some of the top entrances are listed below.
Entrance Tests For BBA
- IPU CET
- AIMA UGAT
- DU JAT
Entrance Tests For MBA
- And Other state-level Entrance Tests.
Career and Job Prospects:
The MBA and BBA degree holders are in huge demand for basic management and administrative roles both in private and public sectors, sales, retail, and other such industries. They are posted in the areas like Banking, Finance, Telecom Events, Branding and Advertising, etc with a high package of salary. The details are given below.
Average Salary per annum
Duties for the General Manager will include allocating budget resources, formulating policies, coordinating business operations, monitoring and motivating staff, managing operational costs, ensuring good customer service, improving administration processes, engaging with vendors, hiring and training employees
12 lakhs to 30 lakhs
Generate sales among client accounts, including upsetting and cross-selling. Operates as the point of contact for assigned customers. Develops and maintains long-term relationships with accounts. Makes sure clients receive requested products and services in a timely fashion.
5 lakhs to 8 lakhs
The brand manager put some emphasis on developing the plan, strategy to increase the products, services, etc. He/She also focuses on the maximization of profits and minimum loss.
8.5 lakhs 9.5 lakhs
Marketing Managers are responsible for developing, implementing, and executing strategic marketing plans for an entire organization in order to attract potential customers and retain existing ones.
3.5 lakhs to 4.5 lakhs
The Project Manager plans and prepares the budget and looks after all the aspects of a specific project. They work with upper management to make sure that the scope and direction of each project are on schedule, as well as other departments for support.
6 lakhs to 13 lakhs
Q: What is the Eligibility Criteria for BBA ?
A: Candidates who have passed 10+2 from a recognized board are eligible to apply for this course. But different colleges have different eligibility criteria and entrance tests.
Q: What is the Syllabus for BBA entrance Exam. ?
A: The BBA entrance test is generally objective type. The question comes from the subjects like,
- English Language
- Quantitative Aptitude
- Reasoning Ability
- Business and General Awareness
Q: What are the top Colleges for MBA?
A: There are so many colleges are offering this course study MBA. The top college for this course are:
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- IIM Lucknow
- IIT Kharagpur
Q: What is the average annual starting salary of a MBA degree holder?
A: The average starting salary of a MBA degree holder is from 3 lakhs to 30 lakhs depending upon the organization and the post.