In simple words, management can be defined as the function of utilizing and managing all the availab...

1. Business Management and Administration
In simple words, management can be defined as the function of utilizing and managing all the
available resources in the organization, such as human resources, material resources, and financial
resources, so that the goals of the organization can be achieved. A degree in business administration
will prepare you to perform this function of management in an appropriate manner. To enter this
profession, you will need to get into a business school and get an MBA degree. Here is some useful
information on the kind of training, studies, and experience you can expect at a business school
during your degree, followed by the jobs that you will become eligible for once you pass out of the
course.
MBA Subjects
General Management
Human Resources Management
Financial Management
Marketing
Business Strategy
Economics
Accounting
Business Ethics
Information Management and Technology
Business Laws
Company Structure and Organizational Management
Entrepreneurship
Logistics
Economic and Financial Affairs
E-Commerce & Technology

2. Management Skills
Planning
Organizing
Leadership
Decision-making
Communication (Spoken and Written)
Problem Solving
Staffing
Controlling
Customer Relationship Management Skills
Negotiation Skills
Team Building
Today, education has evolved a lot, owing to changes that have taken place in the corporate world,
due to globalization and technological advancements. There have been new subjects introduced,
such as e-commerce, international finance, information technology, etc., and the emphasis is shifting
more on practical experience and learning, by way of guest lectures by industry professionals, case
studies, internships, presentations, and group assignments.
Careers in Business Management and Administration
A person who has an MBA degree, years of experience in the corporate world, and the desired skills,
has the potential to reach the highest position in an organization, i.e., become a CEO. However, to
reach such heights, he needs to have the experience of heading various departments, and
performing all functions such as planning (setting individual, departmental, short-term and long-
term goals), organizing ( setting supervisory-subordinate structures, fixing responsibilities,

3. communication flow structure, etc), hiring (interviewing applicants and selecting workforce),
directing (motivating and leading people to achieve maximum employee output), and controlling
(taking performance appraisals, attaching 'rewards and punishments' to ensure results).
An MBA degree will open up a lot of job avenues for you in the corporate world. The salaries at the
entry-level positions are pretty competitive too. According to the Bureau of Labor Statistics, an
entry-level managerial position can fetch you anywhere between $30,000 to $ 110,000, with the
finance specialization being the most well-paying. A senior manager can expect anywhere between
$60,000 to $1,000,000, depending upon the size of the company, his work profile, as well as the
location.