Why Should You Choose Management as Career in 2025?

Overview: Explore why you should choose management as a career. Discover growth opportunities, high-paying roles, essential skills, and the booming management sector in India. Learn about top careers like Financial Analyst and Marketing Manager. 

The management sector in India is booming, with a projected compound annual growth rate (CAGR) of 12% from 2020 to 2025. This demand for skilled professionals offers lucrative salaries, with MBA graduates earning a median starting salary of around INR 20 lakhs per annum.

A management degree provides diverse career opportunities in finance, marketing, HR, operations, and entrepreneurship. It also develops essential skills like communication, leadership, strategic thinking, and problem-solving.

As Warren Buffett said, "The best investment you can make is in yourself."

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If you choose management as a career option:

• You will be trained to be a problem-solver
• You will be trained to be initiators and leaders
• Making decisions related to business give you better chance to grow
• You are paid higher than most non-management students

Read through to understand why should you choose Management as career?

Why Should You Choose Management as Career?

Choosing a career after the 12th can be challenging. If you're driven, confident in decision-making, and see yourself as a leader, management might be your path. This field sharpens vital skills for improving productivity and performance in the business sector.

Advantages of Choosing Management as a Career

• Real-World Exposure: Gain practical experience through internships and live projects that prepare you for corporate challenges.
• Networking Opportunities: Business schools offer numerous networking events, helping you build connections that could lead to mentorship and job opportunities.
• Leadership Pathway: A management degree often leads to leadership roles. Studies show that 80% of CEOs in top Indian companies have a management background.
• Economic Contribution: Skilled managers drive business success, boosting economic growth and supporting India's goal of a $5 trillion economy by 2025.

Booming Demand in the Job Market

The demand for skilled management professionals in India is on a steep rise. The management sector is expected to grow at a compound annual growth rate (CAGR) of 12% from 2020 to 2025, driven by the expanding corporate sector, globalization, and the increasing complexity of business operations.

The table below illustrates the projected growth in various management domains:

Sector	Projected Growth (2020-2025)
Financial Services	14%
Marketing	12%
Operations	11%
Human Resources	10%

These figures highlight the critical need for skilled managers capable of navigating the complex landscape of modern business practices

Lucrative Salary Packages

One of the most compelling reasons to choose management as a career is the lucrative salary packages. MBA graduates in India command a median starting salary of around INR 20 lakhs per annum, reflecting the high value placed on management professionals.

The following table compares the starting salaries of MBA graduates to those in other disciplines:

Degree	Median Starting Salary (per annum)
MBA	INR 20 Lakhs
Engineering	INR 8 Lakhs
Arts & Science	INR 4 Lakhs

Diverse Career Opportunities

A degree in management opens doors to a multitude of career opportunities across various industries. Whether you’re interested in finance, marketing, human resources, operations, or entrepreneurship, management education provides the flexibility to pursue various roles.

The table below provides an overview of the sectors where management graduates are predominantly employed:

Industry Sector	Percentage of MBA Graduates Employed
Financial Services	35%
Consulting	25%
Technology	20%
Healthcare	10%
Other	10%

Development of Essential Skills

Management education is not just about learning theories; it’s about developing essential skills such as communication, leadership, strategic thinking, and problem-solving. These skills are crucial for professional success and personal growth, embodying Warren Buffett's principle: "The best investment you can make is in yourself."

During your academics, highly transferable skills that fit into a wide range of industries. You can easily showcase them in your resume or portfolio.

• Communication: Being able to articulate your message clearly and effectively is essential in any management role.
• Leadership: Being able to inspire, motivate, and influence people is key to successful management.
• Problem-solving: Identifying and resolving issues quickly and efficiently is critical to success.
• Interpersonal skills: Understanding people, being able to work well with others, and building relationships are essential skills for managing teams.
• Decision-making: Making sound decisions quickly and efficiently is essential for any manager.
• Strategic thinking: Being able to think strategically and plan for the future is essential for any manager.
• Time management: Keeping track of deadlines and organizing tasks is essential for any manager.
• Financial management: Any manager must understand and manage budgets and finances.
• Change management: Being able to adapt to changing conditions and environments is essential for any manager.
• Flexibility: Being able to adjust to different situations and changing demands is essential for any manager.

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Reasons To Choose Management as your Career Option After 12th

Here are some major reasons why you should choose management as your career:

Learning Transferrable Skills

During your academics, highly transferable skills that fit into a wide range of industries. You can easily showcase them in your resume or portfolio.

Communication	Leadership	Problem-Solving	Interpersonal Skills
Decision-Making	Strategic Thinking	Time Management	Financial Prudence
Change Management	Flexibility	-	-

High-Paying Packages

If you're looking for a high-paying job, consider pursuing a degree in management. Statistics show that graduates with a management degree tend to secure better-paying jobs than those from other academic streams.

For instance, here's a statistics of placements of IIM Indore for integrated management students. 

IIM Indore Final Placement 2022-24 Batch

On graduating from top institutes like IIMs with 100% placement opportunities, you are likely to land an offer with a good package. 

Challenging and Evergreen

Out of all other career options, management is one that has a long history and will eventually be the most aspired in the future. It has a wide range of opportunities for students to learn new skills during their careers.

The learning will never stop as you will encounter many different challenges to tackle.

Management is a set of processes and practices designed to help businesses achieve their goals. It applies to any type of organization, regardless of size, industry, or sector.

As long as businesses exist, there will always be a need for management. The basic principles of management remain the same, even as technology and other aspects of business change.

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Top 5 Careers in Management That You Must Target

Management offers a variety of key designations for aspiring professionals. Here's a breakdown of some top management careers and their details:

1. Project Manager

• Key Responsibilities: Project Managers are essential in planning and overseeing projects to ensure they are completed in a timely fashion and within budget. They manage project teams, schedule meetings, track project progress, and ensure alignment with organizational goals.
• Skills: Effective communication, leadership, time management, risk management, and problem-solving.
• Salary: Typically starts around INR 7 lakhs per annum and can go up to INR 20 lakhs with experience.
• Experience Required: Entry-level positions may require minimal experience with opportunities for growth as skills develop.

2. Business Manager

• Key Responsibilities: Business Managers evaluate and implement strategies to ensure optimal organizational performance. They oversee various domains such as asset management, operational management, and employee management.
• Skills: Strategic planning, leadership, financial acumen, and strong decision-making capabilities.
• Salary: Ranges from INR 6 lakhs to INR 18 lakhs per annum, depending on the size of the organization and the specific industry.
• Experience Required: Generally requires at least 2-3 years of experience in lower management or supervisory roles.

3. Marketing Manager

• Key Responsibilities: Marketing Managers devise and implement marketing strategies to increase leads and drive sales. They monitor marketing campaigns, analyze market data, and train team members.
• Skills: Strong analytical skills, creativity, team management, and excellent communication.
• Salary: Starts around INR 6 lakhs per annum and can go up to INR 15 lakhs with increased responsibility and experience.
• Experience Required: Often entry-level, but experience in marketing roles can be advantageous.

4. Business Development Manager

• Key Responsibilities: Business Development Managers focus on identifying new business opportunities, enhancing market share, and establishing profitable connections with other businesses and professionals.
• Skills: Networking, strategic thinking, negotiation, and strong interpersonal skills.
• Salary: Generally starts at INR 5 lakhs and can reach up to INR 20 lakhs per annum depending on success in the role.
• Experience Required: While entry-level posts are available, 1-2 years of experience in sales or marketing can be beneficial.

5. Certified Public Accountant (CPA)

• Key Responsibilities: CPAs prepare financial reports and ensure compliance with regulatory requirements. They manage teams of accountants and are responsible for their professional development.
• Skills: Strong numerical skills, attention to detail, regulatory knowledge, and leadership.
• Salary: Starting salary around INR 7 lakhs per annum, with potential to increase significantly with experience and additional certifications.
• Experience Required: Requires certification as a CPA, which involves passing the CPA exam and meeting educational and experience requirements.

In conclusion, choosing a UG career in management opens doors to diverse opportunities, lucrative salaries, and essential skill development.

Whether you aspire to be a Financial Analyst, Marketing Manager, or a top executive, a management degree equips you with the tools needed for leadership and success.

With the booming management sector in India, now is the perfect time to invest in your future. Embrace the challenges and rewards of a management career and start your preparation for personal, career, and financial growth.

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Key Takeaways:

• Diverse Careers: Management degrees open paths in finance, marketing, and executive roles.
• High Salaries: MBA graduates earn a median starting salary of around INR 20 lakhs per annum.
• Skill Development: Managment programs enhance communication, leadership, and problem-solving skills.
• Industry Growth: The management sector in India is growing at 12% from 2020 to 2025.
• Economic Impact: Skilled managers drive business success and support India's $5 trillion economy goal.