Master in Business Administration
Sub-disciplines
Business Administration involves the performance and management of the tasks operating in a business, as well as making decisions to see that the organisation is directed towards the common goals and objectives. The five functions of management are Planning, Organising, Commanding, Coordinating, and Controlling.
Business Administrators play a very responsible and important role in the team, as they are the ones that focus on the success and profit of a business. They have to properly monitor the order, efficiency, and productivity of a business. Hence, the overall daily responsibility of a business administrator is to ensure that the goals and profits of an organisation are met accordingly.
Business Administration is highly inter-disciplinary since it combines knowledge from several disciplines like Economics, Finance, Marketing, Accounts, and Human Resource Management to name a few. Students pursuing a Master in Business Administration (MBA) degree develop useful skills needed for selling products, improving the financial status of a company, looking after the needs of employees, and many more such functions. MBA degrees are postgraduate degrees that usually require work experience for admissions.
Study Levels
The study levels that offer a Masters Degree in Business Administration are:
Advanced Diploma in Business Administration
Master of Arts in Business Administration
Master of Science in Business and Innovation
Master of Business Administration (MBA)
Master of Business Administration in Marketing
Master of Business Administration in Human Resource Management
Master of Business Administration in Entrepreneurship
Master of Business Administration in Finance
Master of Business Administration in Global Management
Master of Business Administration in Management Information Systems
Master of Business Administration in Engineering/Technology Management
Postgraduate Diploma in Business Administration
Specialisations
The areas of specialisations for Masters in Business Administration are:
Students can choose to specialize in areas like:
Accounting
Business Analytics
Business Law
Business Management
Business Policy Development and Implementation
Computer Application
Consulting
Digital Business
E-commerce
Economics
Engineering Management
Entrepreneurship, Innovation & Strategy
Event Management
Finance
Finance Leadership
Financial Management
General Management
Global Management
Health Care Management
Hospitality
Human Resource Management
Information Systems Design And Management
Information Technology
International Management
IT and Technology Management
Logistics Management
Management Information Systems
Marketing Management
Operations Management
Organizational Leadership
Project Management
Purchasing and Supply Management
Retail Management
Rural Management
Sports Management
Strategic Marketing and Servitisation
Supply Chain Management
Tourism
Employability
There are many career opportunities in business administration all over the world. Organisations of all sorts with all kinds of different purposes and goals demand effective management skills in all areas of a business.
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- The skills required for this career are:
Proficient in numeracy
Good knowledge and application of financial analysis to construct and interpret balance sheets
General IT skills
Self-management
Professional communication skills: Speaking and writing
Logically and critical presentation ability
Teamwork
Leadership
Generating solutions for problems
Efficient knowledge for analyzing data
Self-critical ability
Identification of trends, patterns, and how to improvise innovatively
Knowledge and awareness of global markets
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- The career options for graduates from this course are:
Assistant Business Administrator
Manager
Consultant
Analyzing Business Analyst
Accountant
Business Development Manager
Business Administrator
Finance Manager
Accounting Head
Management Consultant
CEO
CFO
CMO
Strategic Business Head
Business Head
Financial Analyst
Operations Manager
Retailer
Financial Manager
Human Resources Manager
Business Analyst
Actuary
Auditor