Business in India and the world was impacted by the lockdown restrictions imposed by various international governments across the nations to contain the Covid-19 pandemic. Several business leaders have commented that the situation has progressively improved now, but challenges will persist in the short term. Niti Aayog CEO Amitabh Kant has stated that “The Index of Industrial Production (IIP), which was in contraction for six months, turned positive in September and manufacturing PMI in October was not just growing, but was at multi-year highs”.

Management studies allow students to understand everything that makes up the business and the firm and the different managerial decisions associated with each level of management. This also requires the capability from the future managers that they are qualified and experienced enough to make the right decisions for the firms in times of necessity and uncertainty and even better predict future or corrective course of action.

Management studies are essential because, without the knowledge needed to compete with competitors and deal with external changes, managers cannot make informed decisions. Hence, the firm’s business can suffer. Managers who want to make sure that they are leading their staff in the right direction to the best of their knowledge and abilities can take up courses in business studies and improve their management skills. 

Sharda University, with the 63-acre campus, facilities, environment, and resources of globally benchmarked standards, faculty from globally renowned universities from US, UK, Europe and Russia, 250+ tie-ups with international institutes, 2000+ scholarships, among 13000+ students on campus from 85+ nations, provides a career enriching and rewarding experience in MBA programs. Sharda University also supports the entrepreneurs via ‘The Next StartUp’, ‘Syncubator’, and ‘Xcelerator’ programmes.

The eligibility criteria for admission into an MBA programme at Sharda University include:

• Graduation with minimum 50% marks.
• Proficiency in English communication.
• SUAT (Online Test),

or

• MAT with 75% percentile or above score.

or

• CAT/XAT with 65% percentile or an above score followed by Group Discussion & Personal Interview.

The specializations offered at Sharda University include:

• MBA – Banking & Finance
• MBA – Business Analytics
• MBA – Entrepreneurship & Family Business
• MBA – Fashion Management
• MBA – Health Care & Hospital Administration
• MBA – Human Resources Management
• MBA – International Business
• MBA – Marketing Management
• MBA – Pharma Marketing & Management
• MBA – Public Policy & Administration
• MBA – Supply Chain Management & Logistics
• MBA – Dual Specialization
• MBA – Dual Specialization (with International Immersion Programme)

Let us take a look at some of the key reasons as to why management studies are important to excel in a business:

• Management learning: Management studies teaches the student the qualities of direction, leadership, planning, management, motivation, presentation, problem-solving, reporting, project management within the company or firm if he/she becomes the manager; and that is why today’s education also emphasizes on managing people, working together to achieve results, interpersonal relations and communications. Not only that, but studying management also teaches core elements to start their own business, and puts the student on the right path to be their own master.
• International career: A truly global university (like Sharda University, India) teaches it’s students to have an international outlook combined with in-depth knowledge of required skills and abilities to make the graduates invaluable to organizations across the globe and not just in India.
• Learn the reality of business: Quality business management study programs provide curriculum knowledge to students with the real world and practical scenarios of business and is very useful for the students with no prior experience in the corporate sector. Management success is often built on a strong foundation of education and understanding of how successful firms are managed.
• Employability: Students who choose to study business management at university graduate with highly practical skills and strong business knowledge which are sought at by the firm and business employers. Having a management degree from a truly international, accredited, and premier management institute in India (like Sharda University) increases the employability of the students.
• Transferable skills: The practical and theoretical understanding of business and management taught at the management school will prepare the student for working in a diverse range of industries, including business, finance, IT, sales, human resources and marketing.
• Networking Opportunities: A definite advantage of studying business management (in a premier institute like Sharda University, India) is that it gives a chance to learn in a global environment and exposes them to networking opportunities with like-minded business professionals, professors and intellectuals during their time on campus and also during international semester exchange programme.
• Increased Credibility: A management degree holder can also benefit a small business or start-up owner by providing more credibility to the company, and thus the firm will have an easier time securing financing or investment from banks, private equity and venture capitalists. The venture capitalists rely on the ability of the management and the practical application of the business plan to roll out the funds necessary for the operations of the start-up.

Management studies involves studying employees, groups, and firms, assessing their needs and wants, as well as finding a solution for the problems. The study of this course builds a strong foundation for students who wish to study further and train in fields like management, international business, marketing, finance, human resources, information and technology. It also provides practical hands-on training and internship experience so that the students are prepared to work and take on the challenges of the corporate world. Business studies demonstrate how various fields of study can be combined in productive activity.

Management studies provide the student with the necessary tools to succeed in life and at work; whether he/she is self-employed, an entrepreneur works for the public sector, private business, not-for-profit organizations or government agencies. Nowadays, students have a lot of options to pursue post-graduate business studies and spend a semester abroad too. Students must at least check the educational institute’s accreditation, placement, qualification of faculty, scholarships offered, infrastructure and location before taking the plunge to pursue business studies after their graduation.