Introduction to Strategic Management
Strategic Management involves setting objectives, analysing the competitive environment, analysing the internal organisation, evaluating strategies and ensuring the management rolls out the strategies across the organisation. A prospective approach for strategic management outlines how the strategies should be put into practice for a business opportunity or a business development.
Few lines about M.Sc Strategic Management
M.Sc Strategic Management is a 2-year post graduate that is divided into 4-semesters. The M.Sc Strategic Management focuses on training the students and providing them knowledge and understanding of the functions like analysing techniques that lead to the improvement of organisation. The course focuses on training the students with decisions that should be made in the middle of a business crisis.
The course prepares the students to perform better in order to develop strategies that will eventually benefit the organisation compensating and focusing on delivering and increasing productivity of the company maintaining the business longevity.
Eligibility for M.Sc Strategic Management
- The students should have passed their PUC or 10+2 in any stream from recognised board
- The students should have passed their bachelor’s degree in any stream with 50% aggregate from recognised university
Admission Procedures
The students can get admission to M.Sc Strategic Management through two modes (1) Merit admissions and (2) direct admissions.
1. Merit Admission
There are many top colleges and universities that conduct entrance exams for M.Sc Strategic Management. The interested students have to apply and clear the entrance exams for getting admission to M.Sc Strategic Management course. The M.Sc Strategic Management course has limited seats and selection to these seats is through entrance exams. The entrance exams are conducted to filter out the serious candidates from the lot of non-serious candidates. The fees for merit seats are affordable.
2. Direct Admissions
There is another option for the students to get admission to M.Sc Strategic Finance course, that is direct admission under management quota. In the direct admission process students are not required to qualify any entrance exams, they are exempted from appearing for any such exams. The students who are interested to skip the complex admissions procedures can directly choose to go for the direct admissions process. Another, important advantage of direct admissions is that the students can choose their desired top colleges for their studies even before the commencement of the academic year. The students can contact Galaxy Educational Services for more details about direct admissions and choose their desired colleges for their dream course.
What will the M.Sc Strategic Management students study?
The M.Sc Strategic Management students will be studying subjects that are inter-related to different fields. The important topics that are taught in the M.Sc Strategic Management course are:
- Management and Organisation Behaviour
- Managerial Economics
- Accounting for Business Decisions
- Financial Management
- Marketing Management
- Strategic Management
- Quantitative Techniques for Managers
- Legal Aspects of Business
- Human Resource Management
- Mergers, Acquisitions and Corporate Restructuring
- International Business & Global Strategy
- Corporate Ethics, Governance and Social Responsibility
- Managing Technology and innovation for Competitive Advantage
- Strategic Leadership and Communication
- Business Analytics and Data Governance
- Organisational Development and Change Management
- Entrepreneurship and Venture Creation
Scope for M.Sc Strategic Management
The M.Sc Strategic Management has excellent future career scope. They can join top MNCs at top managerial positions and earn a handsome salary. They can further join for a PhD course to take up research in management. They can join the M.Phil programme to study in-depth about strategic management. They can also become entrepreneurs by setting up their own firms and ventures. The demand for management professionals is never ending in this business world.
Job Roles
There are many important job roles available for an M.Sc Strategic Management professional, they are:
- Operational Manager
- Business consultant
- Business Analyst
- Business Manager
- Finance Analyst
- Finance Advisor
- Management Analysts
- HR Manager
Recruiting Firms Hiring M.Sc Strategic Management
Many global recruiters are looking for M.Sc Strategic Management professionals in large numbers. The changing business field and strategies are facing a lot of challenges due to skill crunch. The business world is looking for skilled professionals who have the ability and capacity to handle huge businesses. So, there is a lot of demand for M.Sc Strategic Management students. Some of the important firms hiring M.Sc Strategic Management students are:
- JP Morgan Chase
- Fidelity Solutions
- ICICI Bank
- Kotak Bank
- HDFC Bank
- Accenture
- Capgemini
- Goldman Sachs
- Tech Mahindra
- Amazon
- Flipkart
Earning Potential for M.Sc Strategic Management Students
The fresh postgraduates for M.Sc Strategic Management will earn an average salary of 5 lakhs per annum. The experienced salaries vary from 10 lakhs to 20 lakhs per annum. Management professionals are always highly paid and skilled professionals are usually hired in top management positions.
Final Words
The field of management is always considered as an evergreen field. Management field has always reoriented itself according to the changing of times. Management field has always been in need of skilled professionals, so they are looking for skilled M.Sc Strategic Management students. So, there is a lot of demand for M.Sc Strategic Management students. The students who are interested in management can choose to join M.Sc Strategic Management course and earn decent salaries and have an excellent career growth.