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Explore Management and its Specializations

Shubhangi Pandey updated on : 17 May, 2020 16

Management is one of the most popular courses opted worldwide and the reason being its versatile approach in terms of its content as well as its application in various industries.

It is a career stream which allows a student to venture into any industry as managers are taught almost all the aspects of business administration. The choice, however, lies in studying this course in Graduation (BBA) or Post Graduation (MBA) and further in opting for one of its specialisations.

 

 

Here is a list of some of the most conventional yet popular management specialisations:

Finance-

Known as one of the most important branches of business administration, finance management deals majorly with the study of financial viability, the cost of production, investment and profit margin of any business. It covers the concepts of time, money, risk and their relation.

Some of the popular careers after management in Finance are:

  • Investor
  • Investment Banker
  • Equity Analyst
  • Treasurer
  • Credit Manager
  • Financial Planner/Consultant

Marketing-

After Finance, Marketing comes as the second best choice in specialisations. Marketing Management comprises of some of the core business functions such as sales, advertising, public relations and communications. This specialisation functions closely with the product or the service and also with the customers. Almost all businesses require marketing services in order to know and understand their customers as well as reach out to them.

Popular careers in Marketing Management are:

  • Market Research Analyst
  • Sales Manager
  • Public Relations Manager
  • Advertising Manager
  • Communications Manager

Human Resource-

Human Resource Management is one of the integral functions of business as it deals with the manpower involved in any business. From the step of quantifying the need of manpower required for a particular business to identifying the right candidates, recruiting and training them, deciding their remuneration and managing their performance is a part of human resource planning and management. It also involves planning of various employment and employee benefits in order to retain employees. There are various sub-specialisations that have emerged under this stream of management such as performance management, talent management.

Given below are careers after Human Resource Management:

  • Human Resource Manager
  • Personnel Manager
  • Human Resource Consultant
  • Recruitment Manager

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