Career Opportunities in Business Administration

Business administration is one of the most-practiced management studies. Jobs related to business management are exciting if you possess the necessary skills and expertise and the pay package is also very attractive. The career opportunities are wide in both private and public sectors.

Some of the management fields that are incorporated in business management are:

• Financial Management
• Strategic management
• Marketing Management
• Entrepreneurship and Small Business Management
• Operations Management

These are the important subjects that come under the study of business management. It is quite obvious that the scope and opportunities in this field are huge. But before you think about picking up a career in this field, it is highly important to attain some basic and fundamental skills, to build a strong foundation for a successful career.

"Success is neither magical nor mysterious. Success is the natural consequence of consistently applying the basic fundamentals" ~ Jim Rohn.

Some of the key skills are listed here:
✔ High aptitude skills
✔ Decision making
✔ Good verbal and non-verbal communication skills
✔ Presentation skills
✔ Efficient leadership skills
✔ Time management
✔ Numerical computation
✔ Conceptual skills and lucid explanatory skills
✔ Knowledge about spreadsheet, statistics, logistics and computer skills

With growing opportunities many graduates are pursuing higher studies in business management. But, what is important is that, how successful you grow in a particular career and for how long you are able to stand successful in the business market. Now let's take a look at the career opportunities in business administration.

The job involves almost everything that is pertaining to develop the business of a company. The work includes planning, organizing, supervising, decision-making, scheduling and combination of all management skills that is required to increase the profitability of an organization.

Knowledge about statistics is very much necessary for this job. The job also involves identifying the competitors and providing information for the betterment of the company's product.

The job responsibility is to buy and approve the necessary products for the company by analyzing the technical specifications of the products. The purchasing manager also oversees the general supplies required for the company such as equipment and contracts.

The regional sales manager sets the target of the sales representatives of the company and develops the plans to meet the required target. It requires presentation skills also. The work includes giving demonstration on goods and services of the company to various other client companies in his region.

The HR manager analyzes the skills of the employees and provides the required resources to improve the knowledge of the employee by implementing training process, with an objective to utilize the employee's knowledge and applications for the benefit of the company.

This job requires analysis of economic conditions and industrial trends and competition. It also includes setting up the sales target and attracting new customers. The business development department of a company is managed and supervised by business development manager.

Account executive is responsible for managing the accounts related issues of a corporate company or an individual. The opportunities are present in both the IT sector as well as the advertisement industry.

The role of an account executive in IT companies is to execute large contracts and Profit & Loss (P&L) control. In advertising industries, the responsibility of an account executive is client servicing and client acquisition.

This job requires technical knowledge combined with administrative skills. The information systems manager ensures proper functioning of the systems and incorporates Information and Communication Technology (ICT) in the company.

Some of the standard activities of an information systems manager includes implementing ICT budget, security backup of software and hardware in the computers, tracking and monitoring the latest technologies available in the market, etc.

• Management analyst
• Project manager
• Production manager
• Benefits manager
• Commodity-Industry analyst
• Bank manager
• Government services administrator
• Credit and collections manager
• Labor relations manager
• Financial analyst
• Insurance agent
• Training manager
• Credit analyst

For achieving the desired career of your choice, it is very important to do internship in good organizations during your MBA course. To be successful, you need to be a good manager and above that, an efficient worker.