Bachelor of Management
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A Bachelor of Management or a Bachelor of Management Studies (BMgt, BMgmt, BMS)[1][2][3] is an undergraduate degree program offered by numerous universities worldwide. This program equips students with the knowledge and skills necessary to assume managerial roles in a variety of organizations. It provides a solid foundation in organizational behavior and human resource management, while also allowing students to specialize in specific areas of interest through elective courses such as labor-management relations, negotiation, leadership, conflict resolution, compensation systems, and organizational development.[4] Additionally, this degree program provides insights into how organizations function, how they are managed, and their interactions with object-oriented programming using C++ and data structures in both national and international environments.[5]
BMS program structure
[edit]Core and major curriculum
[edit]This programme enables students to develop advanced knowledge and skills in a range of business functions while setting them within the wider context of current business practice.[6] In the first and second years, students have a variety of choices with an understanding of the role of the core business disciplines:[7]
- Accounting[8]
- Introduction to finance[8]
- Operations and Information management[8]
- Human resource management[8]
- Introduction to marketing[8]
- Micro Economics[8]
- Organizational Behaviour[8]
- Business Law[8]
In third year, students will study Organizational Strategy and they will have a choice of subjects from a list of options, based on their own interests and career aspirations.[7] These options offer excellent opportunities to gain relevant work experience to prepare for their careers or add an international dimension to their undergraduate study.[9]
Main course descriptions
[edit]- Introduction To Management
This course gives a brief introduction to the critical management skills involved in planning, structuring, controlling, and leading an organization. It provides a framework to help students understand managing and being managed. Thus, leading them to become a more effective contributor to the organizations that they join. Students can develop a system view of organizations through examining organizations as part of a context. It aims to train the learners to diagnose and suggest the suitable solutions to various managerial and organizational cases.[10]
The focus of this course is to explore the principles of leading and managing people efficiently in today's global enterprises. In this field, students access HR policy and practice in the areas of employment law, job analysis, employee relations and international HRM.[11]
This organizational behaviour course combines classic arguments and contemporary empirical debates by discussing different elements of organizational structure. It introduces theoretical and empirical research on individual, interpersonal and group effectiveness at work. Course topics can be extended from decision making, motivation, leadership, teamwork to organizational culture. The learning method highly focuses on applying the essential tools of human side of management in role-play exercises and group projects in global organizations.[10]
- Economics for Management
The objective of the course is to show students how economic theory is related to the applications in managerial decision making and how resources are allocated and coordinated to achieve the organizations' end goal.[12] It emphasizes microeconomics ideas to solve problems and define the main concepts and models used in economic analysis. "Course topics covered include consumer theory, production, applications to the labour market, market structure, monopoly, oligopoly, product differentiation, pricing, decision analysis, bargaining, auctions, and asymmetric information."[13]
The primary aim of the course is to make students aware of the basic legal concepts and implications affecting business transactions. It fosters a deeper practical sense of how to critically manage the important relationship between business and the natural environment [10]
The first half of the course studies strategic situations and learn how to utilize the analytical tools to evaluate a firm's position in the industry.[14] Due to the modeling foundation of game theory, students will be tackled the real-world challenges and build the appropriate action plans .The second half of the course explores the evidence of different managerial styles and the impact on firm process, organizational change and corporate culture that constitute today's collaborative business environments.[13]
Optional courses
[edit]The management courses have a common first year, providing students with a solid foundation, before allowing them to specialize and enhance their career prospects.[15] The program also includes a dissertation and optional modules, offering students significant flexibility to concentrate on areas of special interest.[16] Students have the opportunity to choose elective modules from a selection list, which may include:
- Strategic management[17]
- Managerial Economics[17]
- Bank Strategy and Management[17]
- Entrepreneurship[17]
- Introduction to International Business[17]
- Leadership[17]
- Advanced Financial Accounting[17]
Placements and internships
[edit]Many universities offer the option of an 11-month work placement or studying abroad as part of their four-year management studies degree program. Undertaking the Management Studies Programme provides valuable opportunities to gain work experience during holidays or participate in short-term management training programs, enhancing essential business strategies. Working for a reputable institution during this time can offer invaluable experiences, allowing students to develop strong adaptability skills in the face of constantly changing business environments. Students have the chance to acquire skills and competencies by investigating real-world issues within a company and producing comprehensive research reports.[18] This program can help students make informed decisions about their career paths, whether they choose to enter the job market directly or pursue further graduate studies for career advancement.[19]
For internships, students in a Bachelor of Management Studies program can pursue various roles in different fields. Here are some examples:
- Marketing: Assistant Brand Manager; Technical Marketing Assistant; Media Planner & Buyer[20]
- Supply Chain Management: E-commerce Analyst[20]
- Banking, Finance and Accountancy: Global Investment Manager; Mergers & Acquisitions Analyst; Audit or Tax Trainee; Treasury Assistant[20]
- Human Resources: Management Consultant, Payroll Analyst, Talent Acquisition; Training Coordinator[20]
- IT: Systems Analyst; Project Analyst[20]
Career options after BMS
[edit]Employability skills
[edit]Demonstrating employability skills is crucial for students to differentiate themselves in today's competitive job market.[21] Graduates from BMS programs acquire a valuable portfolio of transferable skills sought by employers across various sectors. These skills include general competencies such as organization and effective communication, as well as specific aptitudes related to studying management, including:[22]
- Business acumen: The BMS program provides students with insights into business practices, financial transactions, and commercial ventures. This is highly valuable as commercial awareness is one of the skills commonly sought by graduate recruiters.[22]
- Problem solving: Most employers seek candidates who possess strong problem-solving abilities. BMS courses equip students with specific problem-solving approaches and foster the development of critical thinking skills.[22]
- Proficiency statistics and quantitative methods: Knowledge of statistics, quantitative methods, and relevant software packages is particularly advantageous for certain graduate roles, such as market research, banking, and consultancy.[22]
- Global mindset: The ability to think globally and comprehend the bigger picture in a holistic manner is valuable for strategic positions within diverse organizations.[22]
Career direction
[edit]"In 2009, 65% of graduates from BMS went into full-time employment approximately. 22% work in the commercial, industrial and public management sectors. Others found work as health professionals (14.8%), in retail (14.4%) and marketing (12.5%). "[23] The Bachelor of Management Studies degree is highly applicable to a wide range of professions, especially within business-related sectors. [24] This course will provide a gateway for a career in:
- General business management[24]
- Finance[24]
- Financial Consulting[24]
- Business Analysis[24]
- Strategic Management and Planning[24]
See also
[edit]- Bachelor of Business Administration
- Bachelor of Business Management
- Bachelor of Accountancy
- Bachelor of Economics
- Bachelor of Commerce
References
[edit]- ^ "Bachelor of Management". management.ok.ubc.ca. Retrieved 2023-01-07.
- ^ "Management". Dalhousie University. Retrieved 2023-01-07.
- ^ "Bachelor of Management". Ocean University of China. Archived from the original on 2023-01-07. Retrieved 2023-01-07.
- ^ University of Illinois at Chicago Business. "BS Management". UIC Business. Retrieved 15 October 2014.
{{cite web}}:|last1=has generic name (help) - ^ The University of Warwick. "BSc Management". Warwick Business School. Retrieved 15 October 2014.
- ^ University of Bath. "BSc in Management". University of Bath School of Management. Retrieved 16 October 2014.
- ^ a b LSE Management. "BSc Management Programme structure". The London School of Economics and Political Science. Retrieved 16 October 2014.
- ^ a b c d e f g h London School of Business and Finance. "BSc (Hons) Business Management Course Structure". London School of Business and Finance. Archived from the original on 24 October 2014. Retrieved 16 October 2014.
{{cite web}}:|last1=has generic name (help) - ^ Cass Business School. "Business Studies Course Overview". City University London. Archived from the original on 20 October 2014. Retrieved 16 October 2014.
{{cite web}}:|last1=has generic name (help) - ^ a b c The Wharton School, University of Pennsylvania. "Management Department Course Descriptions". Wharton. Archived from the original on 23 October 2014. Retrieved 18 October 2014.
- ^ New York University School of Professional Studies. "Leadership and Human Capital Management". New York University School of Professional Studies. Retrieved 19 October 2014.
- ^ University of Oxford. "Economics and Management". University of Oxford Undergraduate Courses. Retrieved 20 October 2014.
- ^ a b London School of Economics and Political Science. "LSE Management MG301 Strategy". LSE Management Department. Retrieved 18 October 2014.
- ^ Stanford University. "Executive Program in Strategy and Organization". STANFORD GRADUATE SCHOOL OF BUSINESS. Retrieved 20 October 2014.
- ^ Manchester Business School. "BSc (Hons) Management Course Description". The University of Manchester. Retrieved 16 October 2014.
{{cite web}}:|last1=has generic name (help) - ^ Durham University Business School. "Business And Management Course Content". Durham University. Retrieved 16 October 2014.
{{cite web}}:|last1=has generic name (help) - ^ a b c d e f g University of California Berkeley. "Undergraduate Business Courses". Haas School of Business. Archived from the original on 24 October 2014. Retrieved 16 October 2014.
- ^ City University London. "Business Studies Placements and Internships". Cass Business School. Archived from the original on 20 October 2014. Retrieved 15 October 2014.
- ^ LSE Department of management. "BSc Management Careers". The London School of Economics and Political Science. Retrieved 15 October 2014.
- ^ a b c d e University of Bath School of Management. "BSc in Management Placements". University of Bath. Archived from the original on 22 October 2014. Retrieved 18 October 2014.
- ^ Warwick Business School. "BSc Management Careers". University of Warwick. Retrieved 18 October 2014.
{{cite web}}:|last1=has generic name (help) - ^ a b c d e LSE Management Department. "LSE Management Careers". LSE BSc Management Employability skills. Retrieved 18 October 2014.
- ^ Angela Foster (5 February 2011). "What to do with a degree in management studies". The Guardian. 2014 Guardian News and Media Limited or its affiliated companies. Retrieved 19 October 2014.
- ^ a b c d e f London School of Business & Finance. "BSc (Hons) Business Management – Career Direction". London School of Business & Finance. Archived from the original on 25 October 2014. Retrieved 18 October 2014.
{{cite web}}:|last1=has generic name (help)