“Management is, above all, a practice where art, science, and craft meet.”- Henry Mintzberg

Yet another exciting and rewarding career, A career in management offers status, interesting work, and the satisfaction of working closely with other people. People are considered the most vital part of an organization, whether in the capacity of employees or customers, they form the most major resource of a company and the reason of a corporation’s success. If they perform effectively, the organizations will succeed. Managers work closely with people, ranging from top managers to clerical workers, to ensure that organizations achieve their objectives Effective managers play an important role in shaping the world in which we live.

Managers should be passionate and positive, define goals and targets clearly, while ensuring team spirit and motivation is high. As a manager, communication skills are particularly vital though as you are the main line of contact between senior management and entry-level employees. It goes without saying that if you’re unable to establish positive professional relationships, you’re going to struggle in a managerial role. Your ability to empathize with, listen to, understand, and connect with your fellow colleagues and employees is critical as you work as a team to meet deadlines and targets. It’s crucial you have a thorough understanding of the marketplace, as well as the industry/sector you work in. Whether it’s healthcare, media and entertainment, or finance and banking, you’re going to need to have the required business expertise to help your organization be a success. Negotiating in a managerial role is inevitable and is something you will probably end up doing on a daily basis, no matter how big or small the deal may be. It is absolutely possible to learn to negotiate, but it does take a lot of practice. Good managers excel at juggling multiple responsibilities on a daily basis, such as implementing guides, organizing resources, outlining plans and scheduling meetings, all with the aim of driving delivery and meeting targets.

Career Fields:

• • Administrative Services Managers
• • Advertising, Promotions, and Marketing Managers
• • Architectural and Engineering Managers
• • Computer and Information Systems Managers
• • Financial Managers
• • Food Service Managers
• • Human Resources Managers
• • Industrial Production Managers
• • Management Analysts
• • Medical and Health Services Managers
• • Post-secondary Education Administrators
• • Property, Real Estate, and Community Association Managers
• • Public Relations Managers and Specialists
• • Sales Managers
• • Top Executives

The Good and Bad of Management:
Pros:

• • Renumeration- Certainly the top manager in a company gets paid more than anyone else in the company. Managers are generally paid more than everyone in their group as well, but not always.
• • Authority- Managers are only as powerful as they are capable of making their group more successful. And while their ability to lead the group greatly influences it, their power comes from the willingness of the people from the group that grant it to them.
• • Value- In our society, people value titles. A title of Senior Vice President, Department Head sounds much more impressive than Principle Architect etc.
• • Accomplishment- If you want to brag to your family/friends about what a success you are, and authority, prestige, and money are important to your definition of success, management may be the way to go.

• • Aloof- A manager needs to be a little removed from the employees in order to objectively make the hard decisions. Many first-time managers, promoted from within the group to manage it, are amazed at how quickly former friends become cold and distant.
• • Long Waiting Periods- Goals are usually more long-term, quarterly or even annual. The real measure of a manager’s success, an improvement in their people management skill is even more long term and more difficult to manage.
• • Ownership- The responsibility for the final decision rests with the manager. When it appeared that low team moral might have damaged the project, it was a manager who had to make the decision. It’s the manager’s job to make the decision, right or wrong.
• • Legal Liabilities- Managers have legal liabilities that others don’t. Managers frequently have to sign documents; they have to ensure the workplace is free from harassment; they have to keep their people safe. If a manager fails in any of these responsibilities, they may be held legally liable.
• • Restrictions- Managers often have restrictions placed on them because of their position.

Work Role of a Manager:

• • Hiring and developing qualified employees for their teams.
• • Guiding the work of the team in pursuit of key goals and objectives.
• • Managing costs and budgets, and for sales management roles, driving profitable revenues.
• • Fostering a positive working environment for all participants.
• • Working across functions in pursuit of new initiatives or problem-solving activities.
• • Communicating and sharing new targets, programs, ideas, and results.
• • Supporting team members as they navigate challenging issues.
• • Resolving disagreements and resource-related issues.
• • Interacting with customers or customer-facing team members to better understand how to meet customer needs.

Educational Requirements:
Most employers require a college degree in either the liberal arts, social sciences, or business administration. A master's degree in business administration (MBA) is, however, a common requirement. Apart from major corporations, many other organizations have management trainee programs that college graduates can enter. Such programs are advertised at college fairs or through college job placement services. These programs include classroom instruction and might last one week or as long as one year.

Top Schools in India:

• • Indian Institute of Management- Ahmedabad, Bangalore, Kolkata, Lucknow, Indore
• • Indian Institute of Technology- Delhi, Mumbai, Roorkee
• • S P Jain Institute of Management and Research- Mumbai
• • Symbiosis Institute of Business Management- Pune
• • Xavier Institute of Management- Bhubaneshwar
• • Christ University- Bangalore
• • Amity University- Noida
• • Alliance University- Bangalore
• • O.P. Jindal Global University- Sonipat
• • SRM Institute of Science and Technology- Chennai

Top Schools in the World:

• • Harvard University- US
• • INSEAD- France
• • London Business School- UK
• • MIT- US
• • Stanford University- US
• • University of Pennsylvania- US
• • Università Commerciale Luigi Bocconi- Italy
• • University of Cambridge- UK
• • HEC Paris- France
• • London School of Economics and Political Science- UK