When it comes to picking a right career field, management emerges as the top and most popular option for students and working professionals especially for a long-term career vision. In current times, both young aspirants and working professionals are attracted to management careers. Organisations do have a wide range of job opportunities, ranging from Sales Manager, R&D Executive, General Manager, CEO, COO, and CTO. Managers at all levels in a company are together accountable for smooth, efficient and successful business entity.
What is the top management career domain that you can choose for career escalation? And, what is the compensation offered in these fields? Have a look to find out the answers regarding the best management career options to choose from in 2024.
Here is the list of top 10 management job opportunities after a degree in management:
The responsibilities of a marketing manager include overseeing marketing activities, managing the marketing department, hiring marketing associates, planning promotional campaigns, managing the marketing budget, preparing and delivering marketing materials, collaborating with design agencies, assisting with product launch and analysing strategic partners. Marketing managers also prepare sales or advertising contracts and review print ads, TV commercials and online ads. They can work independently in many industries like retail, hospitality, healthcare, media and advertising, finance and information technology industry.
The responsibilities of a human resources (HR) manager often include recruiting, staffing, employment planning, policy development, human resources department management, employee development and training and organisational communication. HR managers enhances the employee's morale and productivity in the workplace. You can work as an HR manager in almost any firm or industry that employs people.
The responsibilities of a sales manager 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. Must have traits of sales managers include the ability to clearly communicate with individuals in different departments and with consumers. Successful managers often have active listening skills and prompt skills to respond to customer queries while assisting them with a transaction.
Several businesses, government agencies and even non-profit organisations need to employ operations managers to supervise their day-to-day activities. Operations manager helps to manage the employees to maximise their productivity. Along with that, they have to look after employees, regulate finances, make budgets, forecast the company, look into financial data, and keep expenditures under control. In large corporations, operations managers oversee, hire and educate workers, manage quality assurance programs and even design process changes.
Business analysts are usually hired from the beginning of a project to serve as advisors to senior management and executive teams. The key responsibilities of a business analyst include budgeting, forecasting, planning, monitoring, analysing, pricing, developing business analysis, establishing business needs and reporting to stakeholders and more . Although they can be responsible for working on projects in other areas, they mostly work on IT and business transformation initiatives. In several companies, business analysts work as contractors on specialised projects, serving as the communicator between IT and the rest of the organisation.
The responsibilities of a CEO vary among different firms and are frequently determined by the company's organisational structure and size. The CEO is a part of all major decisions taken in the company. They typically manage other c-suite executives and analyse company's performance as a whole that impacts the entire organisation. Some additional responsibilities of a CEO are bringing department-wide rules, distributing department resources, providing constructive feedback to workers and cooperating with other departments.
Primary responsibilities of an accounting manager include overseeing the daily operations of the accounting department, including the general ledger, budgets, revenues, payroll, reconciliations and fixed assets and debts. Accounting managers often have multiple direct reports and are responsible for equally distributing duties throughout the team. Accounting managers takes charge of improving team performance and maximising individual contributions.
A finance manager is an accounting and budgeting specialist with primary duties include preparing and managing the financial statements, reducing expenses, managing accounting staff, creating financial forecasts and communicating accounting issues. In order to take part in other financial projects, they draft and implement the policy guidelines, collaborate with departmental or project managers to take important financial decisions for the company. Financial managers takes charge in the financial aspect of the company and create short and long-term financial goals to build data-centric strategies to accomplish them.
Project management is among the top 10 most well-compensated career fields in India right now. Project managers are the ones responsible for the overall management and overseeing of various projects in various functional domains of the organisation. Project managers are involved with the initiation, implementation, designing, evaluation and management of various projects in the organisation. Some of their key responsibilities include planning the project by breaking it down into component objectives, implementation of the tasks, managing deadlines and progress of members to ensure customer satisfaction etc. There is a high scope of career growth in the field and it is currently in its growing stages as a high paying profession in India.
A computer and information systems manager is in charge of a company’s technology functions and requirements. They are professionals at the middle level of management who are involved with facilitating the use of IT infrastructure and informational resources in the most efficient manner to maximise company outputs and performance. Their ground responsibilities include maintenance of company hardware and software needs and supplies, maintenance of information systems for the various departments, ensuring safety and privacy, and providing training for enabling staff to use the technology and so on.
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