Today, both young aspirants and professionals are drawn to leadership careers. Management careers not only promise a variety of exciting and challenging career opportunities, but they also allow you to take on people-centered roles, achieve a respectable position in the workplace, and take home an elegant annual salary package.
After a career in management, you'll be able to advance to top management positions in companies and use data-driven business strategies to effect impactful change. Be prepared to make meaningful changes in your organization, for example, Efficient use of resources, streamlining business operations, monitoring employee performance, planning business campaigns, and more.
Best Career Options for Management
As already mentioned, managers not only promise job satisfaction but also offer heavy annual packages. Also, most managers have a career curve for promotion. The more you educate yourself and gain experience, the higher you climb the career ladder!
One of the most rewarding aspects of a managerial career is developing transferable skills that can be applied to any industry. In addition, you can choose from numerous management specialties such as marketing management, human resources management, business management, financial management, IT management, retail management, hotel management, business consulting, and international business management, to name a few.
Marketing Manager
Primary duties: A marketing manager's responsibilities include overseeing marketing activities, managing the marketing department, planning promotional campaigns, hiring marketing associates, managing the marketing budget, collaborating with design agencies, preparing and delivering marketing materials, assisting with product launches, and analyzing strategic partners. They also prepare sales or advertising contracts and review print ads, TV commercials, and online ads. Marketing managers can work in many industries, including retail, media and advertising, hospitality, healthcare, finance, and information technology.
Education requirements: To qualify as a marketing manager, many employers ask for a bachelor's degree in marketing, business administration, or business management.
It is considered one of the high-paying careers. The salary ranges from 2.5 Lakhs Per Annum to 24 Lakhs Per Annum, and the average salary is 7.5 Lakhs Per Annum (Source). Higher skills, experience, and further education can lead to higher salaries.
Sales manager
Primary duties: A sales manager's responsibilities often include defining and fulfilling sales objectives, supervising the sales team, hiring and training salespeople, arranging products, interacting with customers, and managing the overall sales department. Sales managers also gather, analyze and gain insights from complex data and develop effective sales methods based on those. They should be able to communicate clearly with individuals in different departments and with consumers. Successful managers have active listening skills and the ability to respond to customer queries while assisting them with a transaction.
Education requirements: The minimum qualification required for a sales manager position is a typically bachelor's degree in business administration, mathematics, statistics, or business management.
There are various types of management jobs in the market. Sales management is one of the high-paying careers. The average salary is 5 LPA, and the salary ranges from 2.3 Lakhs Per Annum to 15 Lakhs Per Annum (Source). Higher skill, experience, and other factors may result in higher pay.
Finance manager
Primary duties: A finance manager is an accounting and budgeting specialist. Their primary duties may include preparing financial statements, reducing expenses, managing accounting staff, creating financial forecasts, and communicating accounting issues. They may also coordinate annual audits and quarterly reviews, create and implement policy documents and participate in other financial projects as needed. Financial managers are in charge of all aspects of a company's finances. They create short and long-term financial goals and build data-centric strategies to accomplish them. They often collaborate with project managers and departmental managers to make key financial decisions for the firm.
Education requirements: To secure a position as a finance manager, you may need a bachelor's degree in finance management, however, a master's degree can help you get a job with higher earning potential.
It is Treated one of the high-paying careers and finance managers view high employability as a high-paying career. The average salary is 14 Lakhs Per Annum and the salary ranges from 3.6 Lakhs Per Annum to 30 Lakhs Per Annum (Source).
Public Relations Manager
Primary duties: Public Relations Managers focus on building and maintaining a positive public image for customers and employers. We plan, produce, and supervise campaigns and content aimed at improving the corporate image.
PR Managers identify client stories and get their message across to the public. They have a flair for business and devise strategies to attract the active attention of the public.
With so many options and forms of career management, PR management has made a name for itself as a high-paying field. The average salary for a PR manager is Rs 7.6 per year and ranges from Rs 3.5 Lakhs Per Annum to Rs 16.5 Lakhs Per Annum (source). The salary can be higher contributing to various factors such as experience, skills, and projects.
Human resources manager
Primary duties: The duties of a human resources (HR) manager include recruiting, staffing, employment planning, human resources department management, policy development, employee development, and training and organizational communication. They are also responsible for enhancing employee morale and productivity in the workplace. You may work as an HR manager in nearly any firm or industry that employs people. To thrive in this job, it is important to be a competent communicator with a strong commercial perspective.
Education requirements: To get a job as a human resources manager, you typically need a bachelor's or master's degree in human resources or business management.
HR management is also a high-paying career where the average salary is 8 Lakhs Per Annum, and the salary ranges from 4 Lakhs Per Annum to 18 Lakhs Per Annum (Source). High experience and skills provide a wide range of salaries.
Operations Manager
Primary duties: Businesses, government agencies, and non-profit organizations often employ operations managers to supervise their day-to-day activities. The duties of an operations manager can include managing employees daily, maximizing productivity, increasing profits, creating budgets, developing business forecasts, analyzing financial data, supervising staff, and controlling costs. In large companies, these managers oversee, hire and educate workers, manage quality assurance programs, and design process changes.
Education requirements: To become an operations manager, you typically need a bachelor's degree or a master's degree in operations management or business administration. Companies sometimes prefer candidates with around two years of relevant work experience
Operations Manager salary in India ranges between ₹ 3.2 to ₹ 18.8 Lakhs Per Annum with an average annual salary of ₹ 7.8 Lakhs Per Annum. Salary estimates are based on 49k salaries received from Operations Managers.
Computer and Information Systems Manager
Primary duties: Computer and information system administrators are responsible for the technical functions and needs of their organization. Sometimes called an IT manager, she works closely with executives to determine to compute her IT needs. Once regulations are developed, computer and information system managers develop specific goals and plan to meet the technology-related (both software and hardware) needs of their organizations.
Advanced technology computer and information systems managers must have a thorough understanding of the latest technology trends. It also requires in-depth knowledge of mathematics, software development, network security, cybersecurity, internet operations, and more.
The average salary for a systems manager is 12 Lakhs Per Annum and the salary ranges from 3.2 Lakhs Per Annum to 30 Lakhs Per Annum (Source). It is considered one of the highest-paying management jobs. With the right skills, there is no shortage of opportunities in this field.
There are many administrative institutions and universities. But here take a look at some of India's top management colleges or institutes:
Manipal Academy of Higher Education Manipal
Shiv Nadar University Greater Noida
Siksha `O` Anusandhan Bhubaneswar
Kalinga Institute of Industrial Technology Bhubaneswar
Amity University Noida
Thapar Institute of Engineering and Technology Patiala
S.R.M. Institute of Science and Technology Chennai
Dr. D. Y. Patil Vidyapeeth Pune
Chandigarh University Mohali
NMIMS Mumbai
