Top Career Opportunities in Management: High-Paying Jobs & Skills

At a Glance: Building a career in the field of management is definitely a great choice because of the placement packages, multiple fields to work in, and an increasing future scope for management. A manager typically earns between Rs. 5 to 12 lacs per annum across different industries. A person should try to develop skills such as communication ability, decision-making skills, and technical qualifications to succeed as a manager. 

Key Insights

• Management is considered a high-paying career option providing multiple fields to make a successful career such as working as a HR manager, marketing manager, Tech manager, Business Development Manager, operations manager or even as an entrepreneur.
• The management career is not just restricted to one industry but spans across manufacturing, education, health care, finance and infrastructure. 
• A manager who possesses a mix of soft as well as hard skills is definitely going to succeed in the management field due to its rapidly changing nature. 
• A manager typically earns between INR 5 to 12 LPA.  

Top Career Opportunities in Management: Management is an important component of any organization, whether public or private. It includes planning, organizing, staffing, directing, and controlling. It is an imperative role in the organization that determines the overall stability and profitability of the organization.

Sound management can place everything in its rightful place in an organization. Every company/ school/ college /government office has a dedicated managerial department for managing the overall affairs of the institute.

The role and scope of Management have changed rapidly over the years. And it is going to change more drastically post-2025 because of factors such as global uncertainties, AI, automation, and the emergence of Gen Zs in the workplace.

As managers add human values to the workplace, they are not going to be easily replaced by AI.

What Are The Types of Career Opportunities in Management?

A student, after completing a management course, can work in the following roles:

• Marketing Manager- Handling marketing functions such as advertising, pricing, product distribution, and sales management.
• Financial Analyst / Manager- Managing the finances of an organization and making important decisions regarding it. 
• HR Manager- Handling the human resource department by getting the right people for the organisation.
• Operations Manager- An operations manager handles the key operations of the organization, like production.
• Business Development Manager- A Business Development Manager builds the business for the company and gets clients on board.
• Product Manager- He checks the quality and quantity of products produced by the company. 
• Project Manager- He undertakes projects for the company, like running advertising campaigns on social media. 
• IT/Tech Manager- Handles the Tech ecosystem of the company.
• Supply Chain Manager- A supply chain manager ensures that each process is going smoothly and there are no hurdles.
• Entrepreneur / Startup Founder- We have seen a rising wave of new entrepreneurs in India with increasing popularity through shows like Shark Tank India. An entrepreneur creates their business right from scratch. He/she converts the idea into reality. 

Industry-Wise Management Careers

Managers are needed in every industry. For example-

• Healthcare- Hospital chains like Apollo do hire managers at a good salary. They are needed here to manage hospital tasks.
• Education- Every college or government department has an administrative department to oversee the whole functioning of the institute. 
• Infrastructure Industry- Firms like Adani do hire managers as project managers to handle infrastructure projects.
• Manufacturing- Supply chain management, product manager are the important roles under the manufacturing sector for a manager. 
• Finance- Finance managers are in great demand in India due to its increasing importance. 

What Are The Skills needed to become a Manager?

Since a manager needs to deal with people every day, a mix of hard and soft skills is required in a good manager. 

Hard skills like technical skills and qualifications, and soft skills include good communication ability, the ability to connect with people, etc. CFA and CMA are some of the professional certificates for a manager.

What is the future scope for management?

While the businesses are changing rapidly due to AI, Automation, and supply chain changes, the role of a manager becomes important to handle the key operations of the business.

If managers are there, an Organisation can do good in all things and make profits while also keeping all of its employees together. 

Hence, the role of a manager in the future is going to increase, so it is a good choice to pursue a career in management. 

FAQs of Career Opportunities in Management

Q: Is a career in management a good and stable one?
Ans: For sure, management is an excellent career option. It offers stability to the people once they enter their workplace. There is also a reputation attached to the role of manager, which makes the profession overall a good one to pursue.