The Indian economy is developing faster than ever before. Industries are moving from growth phases towards maturity phases and are becoming more and more competitive. With this, the amount of industry specific domain expertise and business acumen required to sustain profitability is increasing with time.
Indian education has realized these changing industry needs and have come up with some potent niche courses to deliver a new breed of students who have deeper and focused management knowhow in a particular area/industry. One that would prove indispensable to unlock growth potential of industries nearing stagnation. Here some of the interesting courses you should definitely know about.
1. Telecom Management
The Indian telecom sector is expected to create four million direct and indirect jobs over the next 5 years on the back of the government’s efforts to increase penetration in rural areas along with the growth in the smartphone numbers and internet usage, according to estimates by Randstad India. “The telecom sector has been growing aggressive at an average for 35 per cent a year for close to two decades,” said Mr K Uppaluri, CEO, Randstad India.
The key to conquer the huge untapped potential of the sector, would be driven by application of finest combination of management and technology to industry specific processes.
Colleges – IIT (Delhi), Amity Institute of Telecom Technology & Management, Aegis School Of Telecommunication, Symbiosis Institute Of Telecom Management
2. Aviation Management
The Civil Aviation industry has ushered in a new era of expansion, driven by factors such as low-cost carriers (LCCs), modern airports, Foreign Direct Investment (FDI) in domestic airlines, advanced information technology (IT) interventions and growing emphasis on regional connectivity. India is the ninth-largest civil aviation market in the world, with a market size of around US$ 16 billion.
An MBA in Aviation management would induce specific domain skills like ground handling, cargo, aviation safety & fleet management, regulatory management and fleet management.
Colleges – University of Petroleum and Energy Studies (UPES)
3. Retail Management
India is expected to become the world’s fastest growing e-commerce market, driven by robust investment in the sector and rapid increase in the number of internet users. India’s e-commerce market is estimated to expand to over US$ 100 billion by 2020 from US$ 3.5 billion in 2014. The long-term outlook for the industry is positive, supported by rising incomes, favorable demographics, entry of foreign players, and increasing urbanization.
An MBA in Retail Management would deal with fields like buying, product development, and store management. The career prospects of this course are Retail Store Manager, Merchandiser, and Purchasing Manager etc.
Colleges – KJ Somaiya and Welingkar, BIMTECH
4. Healthcare Management
Healthcare has become one of India’s largest sectors – both in terms of revenue and employment. The industry comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare industry is growing at a tremendous pace due to its strengthening coverage, services and increasing expenditure by public as well private players.
An MBA in Healthcare Management would offer courses like Environmental health and Safety management, Health care supply chain management, Public and Community Health care practices. T is a highly regulated industry and hence understanding sector specific business needs is a critical success factor.
Colleges – TAPMI,
There are other courses like Rural Management, Sports Management, Construction management, Pharmaceutical management. To know more about them click here.
Jitu is Co-Founder of Mantras2Success. He has Engineering & MBA degrees to his name, along with 10+ years of corporate work experience in fortune 500 companies. Jitu is passionate about improving the careers of the modern day professional. He would be reading books or watching documentaries if not fulfilling his dreams at Mantras2Success.