The economy is flagging, and jobs are scarce. But if you have a degree in Business, there is an opportunity for you? BBA is a professional degree rising in popularity because of the high-paying job opportunities in management and administration. BBA, MBA, and a few years of experience can open up many local and abroad opportunities.
Here is the scope of BBA course in India and the scope of BBA in abroad.
Exact: 10 things you can do with your business degree:
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Become a manager
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Start your own company
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Become a consultant
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Lead an organisation
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Be the CEO of an established company
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Get involved in public policy-making
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Study finance and accounting
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Be an entrepreneur-in-residence at university or start-up incubator
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Become a venture capitalist
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Start your own consulting firm.
Let me explain in detail.
Future after BBA: The scope of BBA
Become a manager
Business degrees
like BBAs,
MBAs are about managing things efficiently and effectively. If you have a business degree, you can become a manager. Managers are responsible for overseeing the day-to-day operations in an organisation, which includes hiring staff, procurements, distributions and making sure deadlines are met.
As a manager, you will need to take care of tasks such as organising work schedules and delegating jobs to employees and, of course, regular reporting to higher authorities. If your company is growing and hiring more people, you may also need to recruit new staff members.
Managers typically work in offices, so if you want to be one, you'll need strong verbal and written communication skills and experience working in a team environment, not to mention excellent organisational skills!
Start your own company
If you like taking things under your control and prefer making a profit, starting your own company is the perfect solution. BBAs inculcate the knowledge of the basics like how to start a business, from legal, administration to collecting funds for seed capital. You will learn to analyse market trends, design minimum marketable products and many other skills essential for starting your own company.
Become a consultant
If you're looking for an opportunity to earn some money without taking the risk of starting your own business, consulting is a great option. You can get paid by advising companies on improving their operations or marketing strategies by taking on consulting work.
If you have a BBA and experience in business management, this may be the perfect opportunity for you. As a business consultant, you could charge per hour and still make an excellent living.
Lead an organisation
Being a leader is more than just having people follow your orders. You need to be able to motivate and inspire them. You need to know what's essential and make sure it gets done. You'll need patience, perseverance, and the ability to take charge of any situation at any time. It's up to you to keep your team happy and productive in the face of deadlines, obstacles, and workplace drama.
If you're looking for a career that can give you plenty of responsibility and room for advancement, then leadership might be the right choice for you. BBA degrees can open up opportunities as a leader in today's global economy.
Be the CEO of an established company
Do you think CEOs and CXOs are needed only in large listed companies with billions of rupees in turnover? Many small, medium, and large business owners (and families) are looking for CXOs (executive responsibilities) to guide them with day-to-day business operations, decision-making, and delegating responsibilities. As a CXO, you want to be involved with every part of your company; you also need to scale back and let go of some control—especially if you have a large team working for you. Business administration degrees like BBAs are prerequisites for CEOs, even in smaller companies.
Get involved in public policy-making
If you're interested in policy-making and want to be a part of the decision-making process, you might consider a career in public policy. Central and state governments in India are opening up lateral recruitment opportunities for experts in different fields with professional training in business administration, management, corporate law. Other than the public sector, private companies also have policy-making departments. Some companies recruit interns with the appropriate credentials in policy-making activities.
Study finance and accounting
While not as glamorous as the CEO of a start-up, the most sought-after finance and accounting professionals are those who can help companies navigate turbulent economic times. The skills needed to work in this industry include:
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Strong analytical and problem-solving abilities
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A keen understanding of international markets and global issues
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A background in economics or business administration
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Excellent written and oral communication skills
BBA experience can prepare you for higher studies in finance, accounting, and learn about the financial industry's history, current trends, and how they've shaped today's markets. You'll also be able to learn about key players in the banking world, such as risk management specialists and credit analysts.
Be an entrepreneur-in-residence at university or start-up incubator
One of the most exciting and potentially lucrative options for those with a business degree is to become an entrepreneur-in-residence at a university or start-up incubator.
A few examples:
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The University of British Columbia has an Entrepreneurship Bootcamp, where you can learn about entrepreneurship and be mentored by professionals in the field for three months.
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Singularity University offers a nine-week course that teaches entrepreneurs how to design, build, and launch transformative products. You have access to mentors from Google, Yahoo, NASA, and more.
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There are also various private and public-funded universities in India with incubation and startup mentoring cells that guide students and entrepreneurs with fundraising, marketing, leadership skills, product development, preparation for interviews with venture capitalists and CEOs, and many more.
Universities entrepreneurship and startup mentoring programmes recruit BBAs and MBAs in different training and non-training positions.
Become a venture capitalist
I'm sure you've heard of venture capital. Venture capitalists are professionals who invest in start-up companies in the hope that they will eventually succeed and be worth more than what was invested. The startup ecosystem in India is steadily taking its shape requiring professionals, skilled in fundraising, venture capital initiatives. Angel investors and seed capital investors need management graduates to assist them in scouring right deals, due diligence, and other deal-making processes.
If you want to become a venture capitalist, you will need to have a BBA (at least) or MBA with some experience, ideally 10 years or more. It's also vital to demonstrate entrepreneurial qualities, like experience in starting your own company. It will help you stand out from the competition!
Start your own consulting firm.
A potential career in consulting can give you a diverse range of experience. You could consult for an organisation, work with CXOs leading a company, work in finance, or be a public policy-maker. Consultants analyse and solve problems; organisations increase revenue, build strong teams, and cut costs.
Why should you start your own consultancy firm?
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A consulting firm is less risky than starting your own company.
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You have the opportunity to move from one company to another.
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You can choose to work only on exciting projects.
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You can quickly take on new roles in different industries.
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The remuneration is highly competitive.
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There are many opportunities for advancement in future.
Conclusion
Whatever be your choice of career, ultimately, what matters is your skills, expertise and experience. BBA degrees can be a perfect way to start investing in yourself. Future after BBA opens up a great new world in front of you and expands your choice set.