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Subject modules & entry requirements
The term ‘Business and Management’ covers a wide variety of subjects including Business, Finance, Management, Investment, Business Analytics, International Trade and Project Management. In addition to the ubiquitous MBA there are a wide variety of postgraduate degree options in Business and Management. This subject guide gives readers an insight into the best universities offering Business and Management programmes abroad.
Postgraduate programme options
The MA and the MSc in Business and Management are the most popular postgraduate degree options available. Traditionally, the MSc in Business and Management is offered to those students whose undergraduate degree is in some other subject. View all postgraduate programmes in Business and Management.
How long will you study?
Most universities offer the masters in Business and Management as a one-year programme. Some universities also offer an additional project/internship module that lasts from three weeks to three months.
What will you study?
The core modules that are covered include:
- Business and Management
- Organizational Principles
- Business Analytics
- Decision-making and Problem-Solving
- Project Management
- Finance
- Entrepreneurship
Typical entry requirements
English language proficiency
A score of 6.5 on the IELTS or 79 on the TOEFL is usually considered to be fair enough for admission into a postgraduate Business and Management programme. Some institutions may require a higher score of 7.0 on the IELTS.
GMAT scores
Most universities require international students to submit a GMAT score of at least 500 for admission into a postgraduate programme in Business and Management. Some universities in the USA also accept an equivalent GRE score in lieu of a GMAT score.
Fees
The average cost of completing a postgraduate degree in Business and Management ranges between INR 15 lakhs to INR 25 lakhs based on the total duration of the programme. Students would have to earmark INR 8 lakhs a year for accommodation and living costs. Prospective students are advised to explore all options regarding scholarships when they apply.Subject specialisations
The popular subject specialisations on offer are listed below.
Accounting
If you have an affinity for numbers, love preparing charts and sales estimates and like to ensure that every penny is accounted then a specialisation in Accounting would be the perfect choice. View all postgraduate programmes in Accounting.
E-Commerce
With the online business model working wonders in India and the success of Flipkart, Snapdeal and Cleartrip spawning similar businesses; E-Commerce as a specialised area of study is drawing more students. View all postgraduate programmes in E-Commerce.
Entrepreneurship
Do you have an idea? Do you have the resources or contacts to help you fund your business? Then a course in Entrepreneurship will help you a lot. View all postgraduate programmes in Entrepreneurship.
Marketing
Convincing a person to buy a product and closing a sale; requires not just conversational skills but a lot of marketing acumen as well. Learn about various marketing techniques ranging from traditional methods to the intricacies of online marketing. View all postgraduate programmes in Marketing.
Retail
Anyone looking to work in the retail industry or start one’s own retail venture will find a postgraduate programme in Retail helpful. View all postgraduate programmes in Retail.
Quality Management
Quality is what defines any brand, product or service. Consistent good quality ensures that customers and clients return and do business. Quality processes and management techniques adopted by various leading companies are taught in Quality Management programmes. View all postgraduate programmes in Quality Management.
Transportation and Logistics
Transportation and Logistics and Supply Chain Management are closely related and this subject specialisation is rising in popularity. View all postgraduate programmes in Transportation and Logistics.
Career prospects
Based on the specialisation, postgraduates in Business and Management can find employment in a wide variety of industries ranging from banking and finance to retail and manufacturing. In India, salaries for new starters are in the range of INR 4 lakhs to INR 6 lakhs. A similar job-role abroad with a full-time degree from an international B-School will give the new starter an annual salary in the range of INR 12 lakhs to INR 15 lakhs.
Professional associations
AIMA
All India Management Association – AIMA is India’s apex body for management professionals. AIMA runs a number of training programmes for professionals and organises seminars and conferences on a regular basis.
Luminaries
Rather than just looking at leaders with a degree in business, we look at some individuals who have shaped the way how businesses have evolved in India.
Dhirubhai Ambani is the man who famously issued an IPO in India to fund his business. That one decision reshaped the way Indians saw business and stock-trading and created the massive brand -‘Reliance’. Known as the ‘Polyester King’ in his heydays, Dhirubhai Ambani ventured into various businesses ranging from petrochemicals to power generation and construction. Today, Mukesh and Anil Ambani, the scions of the Reliance empire manage their own businesses and have a presence in industries that touch everything from mobile phones to fashion and pharmaceuticals to entertainment.
Sachin and Binny Bansal alumni of IIT-Delhi started Flipkart a website that sold books. Starting with a small warehouse an office and a core team of members, the company grew from strength to strength, attracting investments from around the world. Flipkart has now grown into a full-fledged shopping portal selling everything from books to movies and mobile phones to clothes. The success of Flipkart has helped many first-time entrepreneurs to believe that if they have a good product to sell, can set up a website and ensure delivery; money can be made!
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