Last updated: 10 Jun 2020
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Strategic Management is one of the new fields in management that mainly focuses on planning and execution of business strategies. Strategic management can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organisation to achieve its objectives. Strategic Management is a continuous process of strategic analysis, strategy creation, implementation and monitoring used by organisations with the purpose to achieve and maintain a competitive advantage.
There are certain important roles for M.Sc Strategic Management students. The present article mainly focuses on few important roles available after M.Sc Strategic Management, they are:
A business advisor is one who has genuine interest in supporting business and the ability to use the experiences that are gained in the profession across a range of specialisations.
As a business advisor one will provide information, support, coaching, advice and guidance to business clients like individuals or huge organisations. As a business advisor one is responsible to provide support for a business to grow, scale up, change or diversify their business model.
As a business advisor one is needed to:
As a business analyst one will be responsible to evaluate and analyse business data and create solutions for the problems. They work with a variety of people and are expected to have a good grasp of management and information technology.
As a business analyst one will work in an organisation and help it to manage, change and plan for the future in line with their goals. They are required to understand the current organisational situation, identify the future needs and create solutions to help meet those needs. They are also responsible to analyse the business data and create solutions to address them effectively.
As a Business analyst one is required to:
Business development managers are responsible to drive an organisation towards success by enabling them to earn profits for the products and services they provide. They are responsible to develop new business opportunities for an organisation and help it to grow better and yield better profits.
As a business development manager, one will be concerned with improving and growing a business by fostering and developing relationships with consumers, suppliers and other partners. They must work to improve profitability through careful strategic planning and positioning in the appropriate markets. Since they are the first-face of any organisation they have to be very good in promoting a product or a service and address the problems faced by the consumer.
As a Business Development Manager, one is needed to:
As a Corporate Investment Banker, one is required to have a keen financial mind and also a clear understanding of how money is made and invested across different investment platforms
As a corporate investment banker, one will provide a range of financial services to companies, institutions and governments. A corporate investment banker is responsible to manage the corporate strategic and financial opportunities like:
As a Corporate Investment Banker, one is required to:
Above mentioned are some of the important career roles available for M.Sc Strategic Management students. The demand for skilled management professionals has seen an increase in the last decade. With new investments and companies that happened in the last decade the need for skilled professionals are in demand. So M.Sc Strategic Management students will not find any difficulty in getting a decent job in the management field.
The students who are interested to build their career in management field can join M.Sc Strategic Management course and experience a good career growth and reach top positions in their careers.