Business administration includes the execution and management of company duties, as well as, making choices to ensure that the organisation is oriented towards a shared goals and objectives. Management consists of five functions; planning, organising, commanding, coordinating and controlling.
Business Administrators perform a critical and significant function in the team since they are accountable for a company’s growth and profit. They must appropriately monitor a company’s order, efficiency and production. As a result, a business administrator’s overarching daily task is to guarantee that an organisation’s goals and profits are accomplished appropriately
Business Administration is extremely inter-disciplinary since it integrates information from other disciplines such as Economics, Finance, Marketing, Accounting, and Human Resource Management, to mention a few. Students seeking a Master of Business Administration (MBA) degree get important abilities for marketing items, increasing a company's financial situation, looking after the requirements of employees, and many other activities. MBA degrees are postgraduate degrees that often need work experience in order to get admitted.
Study Levels
A master degree in business administration is offered under the following levels of study:
- Advanced Diploma in Business Administration
- Master of Arts in Business Administration
- Master of Science in Business and Innovation
- Master of Business Administration (MBA)
- Master of Business Administration in Marketing
- Master of Business Administration in Human Resource Management
- Master of Business Administration in Entrepreneurship
- Master of Business Administration in Finance
- Master of Business Administration in Global Management
- Master of Business Administration in Management Information Systems
- Master of Business Administration in Engineering/Technology Management
- Postgraduate Diploma in Business Administration
Specialisation
Masters in Business Administration specialisations include:
- Accounting
- Business Analytics
- Business Law
- Business Management
- Business Policy Development and Implementation
- Computer Application
- Consulting
- Digital Business
- E-commerce
- Economics
- Engineering Management
- Entrepreneurship, Innovation & Strategy
- Event Management
- Finance
- Finance Leadership
- Financial Management
- General Management
- Global Management
- Health Care Management
- Hospitality
- Human Resource Management
- Information Systems Design And Management
- Information Technology
- International Management
- IT and Technology Management
- Logistics Management
- Management Information Systems
- Marketing Management
- Operations Management
- Organizational Leadership
- Project Management
- Purchasing and Supply Management
- Retail Management
- Rural Management
- Sports Management
- Strategic Marketing and Servitisation
- Supply Chain Management
- Tourism
Employability:
All across the world, there are several employment options in business administration. Organisations of various types, with varying purposes and aims, require excellent management abilities in all sectors of business. The skills required for this career are:
- Proficient in numeracy
- Good knowledge and application of financial analysis to construct and interpret balance sheets
- General IT skills
- Self-management
- Professional communication skills: Speaking and writing
- Logically and critical presentation ability
- Teamwork
- Leadership
- Generating solutions for problems
- Efficient knowledge for analyzing data
- Self-critical ability
- Identification of trends, patterns, and how to improvise innovatively
- Knowledge and awareness of global markets
The different types of career paths available in India for students pursuing master in business administration are:
- Financial Manager
- Marketing Manager
- Human Resource Manager
- Operations Manager
- Management Consultant
- Supply Chain Manager
- Marketing Manager
- Financial Analyst
- Operations Manager
- Business Consultant
- Entrepreneur
- Project Manager
- Investment Banking Associate
- Corporate Strategy Manager
- Service Officer
- Branch Manager
- Sales Manager
- Assistant Finance Manager
- Human Resource Executive
- Business Development Executive
- Channel Relationship Manager
- Junior Administrative Assistant
- Business Development Associate
- Dealer Sales Executive
The career options available abroad for graduates from this course are:
- Assistant Business Administrator
- Manager
- Consultant
- Analyzing Business Analyst
- Accountant
- Business Development Manager
- Business Administrator
- Finance Manager
- Accounting Head
- Management Consultant
- CEO
- CFO
- CMO
- Strategic Business Head
- Business Head
- Financial Analyst
- Operations Manager
- Retailer
- Financial Manager
- Human Resources Manager
- Business Analyst
- Actuary
- Auditor
- Administrator Associate
- Accountant
- Banker
- Business Editor
- Brand Strategist
- Business Ethics Advocate
- Charity Coordinator
- Community Developer
- Corporate Trainer
- Corporate Financier
- Economist
- Entrepreneur
- Event Coordinator
- Executive Assistant
- Fundraising Planner
- Financial Advisor
- Industrial Relations Consultant
- Business Writer
- Marketing Director
- Market Researcher
- Market Analyst
- Public Relations Representative
- Retail Strategist
- Risk Analyst
- Social Program Director
- Trader
- Underwriter