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Distance MBA in Business Management: 2024 Guide

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Jagpreet

20 February, 2023

Distance MBA in Business Management: 2024 Guide

The MBA in Business Management course is designed to develop skilled professionals who can effectively run businesses, tackle challenges, provide creative solutions with limited resources, and exhibit discipline, growth, and cross-cultural leadership. Completed over two years, this course delves into subjects such as Change Management, Business Negotiations, Talent Management, Financial Management, and Accounting.

What is Business Management?

MBA in Business Management is a two-year postgraduate programme focusing on effectively coordinating and administering business activities, tasks, and resources to reach specific business objectives. The curriculum covers topics such as Change Management, Business Negotiations, Talent Management, Financial Management, and Accounting, providing you with an understanding of organisational behaviour and psychology and equipping them with the tools to find clever business solutions.

Individuals interested in pursuing an MBA in Business Management can expect various career opportunities across multiple industries. Admissions are based on scores from a qualifying exam and may involve a group discussion and personal interview. Candidates must meet the minimum admission requirements to be eligible for the degree. However, for a distance MBA in Business Management, the University may only require you to have a Bachelor from a recognised institute.

Why Pursue Business Management?

Many working professionals see obtaining an MBA in Business Management as a logical next step in their career advancement. The benefits of this MBA degree are versatile and can apply to various industries, regardless of an individual’s area of expertise. However, considering the investment of time and money, some may question if it’s worth pursuing this degree. To help clarify the value of this degree, let’s examine some of the advantages of studying for an MBA in Business Management:

1. Improved Insight into the World Market

Acquiring an MBA in Business Management allows individuals to expand their knowledge and understanding of the global economy by interacting with students from all over the world, each with their own professional experience and unique perspective. In addition to learning from experienced educators, MBA students have the chance to broaden their understanding of various industries and sectors, both domestically and internationally.

2. Improved Communication Skills

Good communication, including verbal and written skills, is critical to success in the business world. With an MBA in Business Management, graduates can improve their ability to communicate their ideas, thoughts, and plans to people at various levels within a company, promoting collaboration and teamwork towards a common goal.

3. Networking Opportunities

Completing an MBA programme provides graduates with a valuable opportunity to expand their professional network and connect with like-minded individuals worldwide. This connection to a global network can bring new insights and provide opportunities for meaningful relationships and collaborations that can have a lasting impact on one’s career. 

4. Extended Employment Opportunities 

An MBA in Business Management provides a significant advantage in the job market, setting the holder apart from other candidates. With the vast knowledge and skills acquired through the course, graduates can bring value to various industries, ranging from energy to consumer goods to startups. In addition, employers often prefer to hire or promote candidates with an MBA in Business Management due to their expertise in marketing and finance, allowing them to contribute to the company’s success through various initiatives.

Scope of Business Management

Graduates with an MBA in Business Management can score numerous job opportunities. The major sectors that offer positions in Business Management include financial institutions, corporate companies, private enterprises, banks, government agencies, media and publishing. Graduates can select a role that aligns with their experience and skill set. They can also opt for internships or training programmes in Business Management before seeking full-time employment. Some of the popular job titles available after completing an MBA in Business Management include:

  • Financial Advisor
  • Financier
  • International Manager
  • Sales Manager

Why Pursue a Distance MBA in Business Management

Several factors make a distance MBA in Business Management a compelling choice for everyone, including working professionals. These factors include:

● Affordability

The cost of traditional MBA programmes in Business Management can be exorbitant, making them unattainable for many individuals. However, obtaining the degree via education is much more affordable, making it accessible to a broader range of people.

● Uplift Your Career

A professional degree and a required set of skills are crucial for attaining a high-level managerial position in multinational organisations. A distance MBA in Business Management degree offers a convenient solution for working individuals who want to achieve this.

● Flexible Study Experience

Distance MBA in Business Management allows you to manage your studies on your terms. You can attend classes on a schedule that works best for you. Additionally, the exams for each semester are also scheduled at a time and place that is convenient for you. You have the freedom to choose a date that suits you. This flexibility allows you to balance your studies, work, and personal commitments.

What Will You Learn During the Course

The MBA in Business Management curriculum encompasses a broad range of business-related disciplines, covering quantitative and qualitative subjects that comprehensively understand business operations in a globalised economy. The syllabus includes topics such as Economics, Statistics, and International Business, core subjects that enhance competency and specialised subjects such as corporate finance, business law, and information systems. A detailed semester-wise syllabus for the MBA in Business Management specialisation is available for your review.

Semester I Semester II
Management Organizational Marketing Management
Managerial Economics Financial Management
Quantitative Methods Operations Management
IT Managers Management Of Technology
Accounting For Management E-Business
IT for Manager’s Lab Business Research
Business Environment Human Resources Management
Business Communications Managerial Skills Development
Semester III Semester IV
Management Of International Business Strategic Management
Entrepreneurship Business Development Project Report
Information Systems Management Business Intelligence and applications
Summer Training Project

Career Opportunities 

Marketing Managers A Marketing Manager oversees the company’s products and services and ensures that they are effectively promoted and positioned in the market. In addition, they are crucial in creating and executing marketing strategies to increase product awareness and sales.
Human Resource Managers HR Managers are responsible for overseeing the personnel functions of a company. They are tasked with identifying and fulfilling the organisation’s human resource needs, designing new departments, scheduling meetings and other related duties.
Management Analysts They oversee and manage the company’s day-to-day operations, including evaluating organisational systems and processes and implementing procedures to aid in the efficient management of the organisation.
Finance Managers Finance Managers are tasked with creating and overseeing the budget and providing expert financial guidance to the company. In addition, they maintain close communication with company leaders to stay informed about new investment opportunities and play a crucial role in maintaining the company’s financial stability.
Project Managers They oversee a specific project or multiple projects within their organisation. Additionally, they are tasked with utilising various project management techniques to plan, allocate the budget, monitor progress, and provide updates on the project’s status. Essentially, they are accountable for the successful execution and completion of the project.
Supply Chain Coordinators The critical role of a Supply Chain Coordinator is to oversee inventory, handle the sourcing of supplies, and procure the necessary materials and services to fulfil manufacturing needs and meet expected demand.

Job Roles & Salaries 

Job Role Salary (INR)
Marketing Manager  6.6 LPA
Business Analyst  9.94 LPA
Human Resource Manager  8.74 LPA
Finance Manager 8.43 LPA
Project Manager  12.4 LPA
Supply Chain Coordinator  3.9 LPA

Future of the Field

An MBA in Business Management provides a solid foundation in the latest business theories and practices and the skills to lead organisations, manage people, and make strategic decisions. The skills, knowledge, and practical experience gained through an MBA programme will equip graduates with the ability to succeed and thrive in a rapidly changing business world. Thus, the future of an MBA in Business Management is bright, offering numerous career opportunities and a pathway to executive leadership roles in various industries. 

FAQs:

1. What is the course duration of a distance MBA in Business Management?

The course duration for MBA in Business Management is 2 years.

2. Is a distance MBA in Business Management worth it?

Yes, a distance MBA in Business Management is completely worth it. The benefits of a distance MBA programme include the flexibility to study at your own pace and on your schedule, lower costs compared to traditional MBA programmes, and the opportunity to continue working while you earn your degree. Additionally, an MBA in Business Management helps you gain a competitive edge in the job market, open up new career opportunities, and comprehensively understand business practices and management strategies. 

3. What is the job of an MBA in Business Management?

Several career paths are open to individuals who have completed an MBA in Business Management. Some of the available job titles include

  • Brand Manager
  • Supply Chain Manager
  • Financier
  • Financial Advisor etc.

4. Does an MBA in Business Management have a scope?

With an MBA in Business Management, you can explore positions like financial analyst, management consultant, marketing manager, human resources manager, and operations manager. In addition, the skills and knowledge gained through an MBA programme can open doors to exciting career opportunities in various industries and sectors.

5. Is an MBA in Business Management demanding?

No, an MBA in Business Management is not considered complicated. On the contrary, it is a comprehensive course that equips students with essential knowledge, skills, and practical experience in business operations and management. The curriculum is designed to challenge students but can be mastered with proper effort and dedication.


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