The skill set that comes with studying Business Management can lead to a lucrative career, both in terms of the number of gateways that it provides, and the monetary returns it can generate. It is perhaps for this reason that it is one of the most sought-after choices of course after the completion of 10+2, and is ideal for undergraduates who intend to set up their own business, expand an existing family business or make a successful corporate career. Individuals who wish to acquire crucial skills needed to succeed in business – better efficiency, productivity, and ultimately performance – find the course rewarding.
Exposure to studying organisational behaviour, international business, economics, data analysis (utilising mathematics and statistics), human resource, psychology and marketing strategy and e-business, hones the existing skills of students and also imparts higher degree ones to carve a complete professional by the time a student graduates. From finance to communications, students receive exposure to the full gamut of core management concepts and perspectives, which helps them become logical thinkers who are trained to find practical solutions to business problems.
The paragraphs below explore in more detail the advantages of pursuing an undergraduate course in Business and Management:
Large Pool of Modules
Studying the large pool of in-depth modules in the Business Management programme gives individuals the space and opportunity to tailor their degree according to personal preferences and aspirations. Within the broad umbrellas of business and management, students have plenty of room to choose their specialisation, by choosing to study more of core Business, core Management, Finance, Economics, Accounting or even Digital Innovation.
Development of Communication and Inter-Personal Skills
One can’t stress enough on how crucial ‘communication’ is, both within a business and outside it. A Bachelor’s in Business & Management, especially where it is offered with academic direction from a leading international institution like LSE, is designed in a manner that naturally helps improve communication and interpersonal skills. Constant interaction with distinguished faculty and a diverse peer group also helps in preparing the individual to face the real world with confidence. The practical learning requires the students to work on many presentations and research projects, which further hones this skill. In addition, at ISBF, the Career Services Division explicitly conducts workshops on group discussions and personal interviews which help improve inter-personal skills in different settings. This also helps students develop their body language, imbibe leadership qualities and other managerial traits that make them job-ready.
Case-Based Learning and Lateral Thinking
While it is difficult to match the efficacy of hands-on experience in the business world, the carefully curated case studies, discussions and real-world examples in the Bachelor’s in Business & Management course are extremely valuable for crafting students’ skill sets. In fact, every dynamic entrepreneur combines practical and theoretical knowledge. By being exposed at an early age to the holistic working of a business in terms of decoding case studies, strategies, ideas, concepts and best practices, students develop an edge to make balanced, well-rounded decisions when they enter the world of work and business. Naturally, this also gives them the opportunity to extend their thinking beyond the “box”, giving them the confidence to innovate and explore new solutions to market problems by applying the skills picked up during undergraduate study.
Openings for Further Studies After three years of Bachelor’s study in Business Management, many students go on to pursue Master’s courses in leading universities in India and abroad, including top-notch Master’s in Business Administration (or MBA) courses. In fact, unlike the commonly offered Bachelor’s in Business Administration programme, the BSc (Hons) Business & Management gives students a very sound base for an MBA, since it emphasises quantitative and analytical skills. These skills are not only needed for cracking competitive MBA entrance examinations like CAT and GMAT, but are also heavily in demand in a world that is increasingly driven by data and analytics. In some cases, like at ISBF, students are exposed to international standards of education, by following the same curriculum and evaluation as that of The London School of Economics and Political Science, which makes it easier for them to apply for transfers into 2nd year at LSE and other top foreign universities, and also for leading international postgraduate programmes.
Lucrative and Rewarding Careers On successful completion of the course, students become eligible to apply for several different management profiles in multinationals, on the basis of their specialisations. Given that management is a core programme with significance across sectors, business professionals have plenty of opportunity to grow, both in terms of profile and remuneration. A Bachelor’s in Business Management gives one an excellent base from which to launch such a career.
Apart from the above mentioned, there are many other factors that advocate for studying Business Management, allowing students to not only be active, thinking individuals, but also give them an edge vis-à-vis peers in the competitive world of today.