Business & Finance

What are the Different Business Managerial Roles Available for Freshers in the Corporate Industry?

Business management is a vast field with colossal scope. It is one of the versatile fields which can never go out of practice. Even in industry 4.0, the need for management will not be eliminated from the picture. That’s why many freshers choose business management as their career path. However, being a fresher, it might be tough to find an appropriate job profile for yourself. In finding the right business managerial role for you, the first step is to do extensive research to find all the available interests for you.

Then, you can make your business resume and work in that direction. So worry not; today, through this blog, we will explore different business managerial roles for freshers in the corporate industry.

different business managerial roles
Being a fresher, it might be tough to find an appropriate job profile for yourself.

1 Business Manager

The business manager is the most critical position by far. However, this phrase is applied exceptionally broadly. But overseeing a company’s back-end operations is a business manager’s primary duty. The employment requirements are also based on the enterprise scale. Business managers typically only have one department to supervise at larger companies. Business managers may, however, be required to oversee multiple or all departments concurrently in smaller businesses.

Their role requires strong leadership skills as they need to manage different people together. The primary responsibilities also include handling the employees to get their best productivity. They are also needed to build business action plans and strategies for the smooth functioning of the company. There can be specialized business managers also in domains like sales, marketing, IT, etc. The salary of a business manager ranges from Rs. 2.8 lakhs to Rs. 26.0 lakhs.

Business Manager
Business managers typically only have one department to supervise at larger companies.

2 Market research analyst

A market research analyst must collect and analyze the data to understand and build the most effective marketing techniques. Their main work is to analyze the customers and competitors to find the most relevant trends. They incorporate quantitative and qualitative techniques to process the data and build targeted marketing techniques.

Market research analysts should have vital research and analytical skills. Moreover, they should know how to communicate with the stakeholders using the right visualization approach. The average salary of a marketing research analyst is around Rs. 1.7 lakhs to Rs. 8.0 lakhs.

Market research analyst
Market research analysts should have vital research and analytical skills.

3 Financial manager

The financial manager oversees a company’s money, as the title of the role suggests. They develop strategies for the long-term and short-term objectives of the company. They are also in charge of overseeing the organization’s finances. They must also control the flow of money into and out of business, which is necessary for various commercial processes.

After that, the responsibilities like managing taxes and filing returns also fall under the work of the financial manager. The other responsibilities are resource allocation, budgeting, brainstorming for fund procurement, risk assessment, etc. Therefore, several skills are required for a robust financial manager business resume, like analytical skills, SQL, negotiation skills, a firm grasp of Excel, numeracy skills, knowledge of economic trends and compliances, etc.

To become a financial manager, freshers need to pursue a degree in mathematics, economics, or commerce. The salary range for a financial manager is from Rs. 3.5 lakhs to Rs. 30 lakhs.

Financial manager
To become a financial manager, freshers need to pursue a degree in mathematics, economics, or commerce.

4 Public relation manager

The main task of public relations manager is to build a strong network of clients and partners for the business. As a PR manager, you must make a favorable public image with your customer base. This also means having cordial relationships and connections even with your competitors. The main aim of the PR manager is to understand the position of the business in the industry and then uplift it.

They are involved in building marketing strategies for the business if required. Moreover, their job includes keeping the business in favorable media light. They need to do press releases, launches, host seminars, etc. Also, if any bad publicity is happening for the business, it is their job to take action against it. The maintenance and design of the marketing budget also fall under their court.

For a good PR manager, as a fresher, you should have strong communication and leadership skills in your business resume. Moreover, you should be creative and should have a flare for marketing. The average salary for the PR manager ranges from Rs. 7 lakhs to Rs. 16 lakhs.

Public relation manager
They are involved in building marketing strategies for the business if required.

Conclusion

There are diverse business managerial roles for freshers in the corporate industry. You must find your good interest and build a strong business resume for the job.

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