Pay and Remuneration
Typically, a fresh MBA graduate from a decent university or Institute, gets anywhere between Rs.2 to Rs.5 Lakhs per Annum. As one gains experience and starts contributing positively towards the organizations benefit, the person starts getting a much healthier package which can reach anywhere between Rs.8 to Rs.20 Lakhs per Annum. At the highest level, the Business Managers get very good compensation, sometimes in excess of Rs.50 Lakhs per Annum.
As the economy of the country expands and there are more and more businesses that emerge, the prospects for people wanting to become business managers is increasing by the day. However, one should realize that there are many mediocre institutes that have cropped up in the last few years from where one can get a BBA or an MBA qualification. However the quality of education and training is suspect in these institutes and one should doubly check the credentials of these places before joining them.
Former RBI governor Raghuram Rajan is IIM Ahmdabad Alumni.
A Day in Life
A Business Managers' typical day varies depending upon his/her level of seniority and years of experience. However, for a young, starting level Business Manager, the day begins early as with the advent of blackberry’s and smart phones, the Emails from Clients and supervising managers start coming in, quite early in the day.
Once the manager reaches the office, typically he/she gets briefing from his supervising manager, thereafter, he and his team of junior executives start calling / Emailing the clients for meetings or business discussions. The major part of the day is spent in going for new client pitches and meetings. Usually the evening part is spent in making preparations for client sales presentations and in sending follow up Emails.
The job of a Business Manager is always full of excitement as well as stress. The excitement one gets in winning new clients and the stress that one faces when the revenue targets are not met. Therefore the job of a business manager requires the incumbent to be calm and focused and at the same time very result oriented.
Is Business Management, not the career you are looking for? Here is a detailed list of all career options that you can explore.
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