Business heads are responsible to oversee the overall operations of the organization and maintain profits.
They are responsible for hiring activities and engaging with the employees for strategy building and implementing essential policies. Assessing new opportunities and developing the company's brand.
Courses are advanced business degrees that are designed to meet the growing demand in the corporate sector. It is a lucrative option for career growth and a positive outcome in terms of salaries.
Students seeking to become Business head are predicted to have a growth of 12 to 15% in the following years.
According to the Bureau of Labor Statistics, the employment in management occupations is projected to grow 5 percent from 2019 to 2029, which is faster than the average for all occupations.
Following information is given below in tabular form-
| Industry | Business |
| Eligibility | BBA: Minimum 10 + 2 passed with 45% - 50% aggregate marks from a recognized board. |
| MBA: Candidates having undergraduate degree with 55% - 60% marks in any discipline and have good scores in entrances conducted by institutes. | |
| Average starting salary | INR 851,685 per annum. |
| Job opportunity | Manufacturing firms, startup companies, multinational corporations, public and private sector organizations, etc. |
2.1 Director of Business Development
2.3 General Manager
5.1 BBA
5.2 MBA
6.1 UK
6.2 Canada
6.3 USA
6.4 Australia
- Benefits of Becoming a Business Head
- How to Become a Business Head: Skills
- How to Become a Business Head: Salary
9.3 Experience Wise
How to become a Business Head: Steps to Follow
Necessary steps are to be taken to become a business head and below are the steps guide to achieve the position:
Make a decision
You need to make a decision before you choose a career as a business head, it requires a lot of patience and hard work to reach the position you’re seeking for. Hence you must have the enthusiasm to have necessary skills and attitude to be well organized before you opt for the course. Make up your mind and choose subjects and degrees which will make it easier for you to reach your goal.
Choose the right subjects
After completing 12th with commerce you must opt for a degree with subjects which have accounting, finance, business studies, marketing and operations to help you get in depth knowledge about the particular field from the very beginning. Since recruiters hire professionals with a business background you must bear in mind to become an ideal candidate for recruiters to hire you for business head roles.
Prepare for college Entrance
Necessary entrance exams required for enrollment into business studies at every level of education after 12th. Entrances like CAT, MAT, NMAT, SNAP, etc help you get enrolled into business courses since university admissions are done based on the entrance score.
Choose the desired college
Every college has different criteria for entrance scores and merit lists, so candidates are expected to have desired scores in order to get admission in the college of their choice.
Qualify Entrance
Once you qualify the entrance exams you are eligible to apply to the colleges you desire to start your journey as a business head. It will take at least 4-5 years to complete your journey and requires dedication.
How to become a Business Head: Types
Some of the top job profiles of Business Head are given below;
Director of Business Development
They are responsible to promote companies products and services to clients, they arrange business meetings and research new markets to increase company’s revenue. They build internal and external relations along with identifying business opportunities. They are also responsible to lead and direct sales activities for the company to emerge and grow. The average pay of a Director of Business Development is INR 24, 44,927.
Chief Executive Officer
They are responsible for creating and implementing the organization's vision since they are the head of the firm. They are responsible for high quality planning and leading the employees for better activities and operations. They integrate short and long term strategic goals for the company and interact with shareholders, CEOs are considered as the face of the company. They oversee and develop a team of managers in the company. The average pay of a Chief Executive Officer is INR 29, 48,782.
General Manager
They are responsible to improve business administrations and allocate budgets to ensure effective functioning of the company. Moreover, they build companies' image and optimize the expenses to execute necessary procedures to improve and achieve business objectives. Contributes to team effort and coordinates with corporate staff. They also maintain quality service by enforcing essential standards and establishing brand reputation. The average pay of a General Manager is INR 22, 48,832.
Business administrator
They are responsible to employ strategies to maintain business profits and engage with an increasing number of teammates, consumers and clients. They maintain records of business documents and appoint heads of departments to carry out functions. They evaluate employee’s performance and negotiate agreements with stakeholders. Also, they implement business operations to ensure efficiency of the company. The average pay of a Business administrator is INR 4, 91,318.
How to become a Business Head in India
In India business studies are in high demand since small companies have been emerging for years. To become a business head imperative steps must be taken by an individual to reach the goal he/she aspired to be. Below mentioned are necessary steps that one can take;
Complete Education for Business Head
A bachelor in finance, accounting, or business administration is commonly the minimum education required for a business head. Recruiters demand for an MBA to be an ideal choice for such positions. The education degrees help individuals to gain necessary skill sets and knowledge to develop a lucrative career.
On-the-Job Experience
After completing the desired level of education, Entry-level positions for college graduates are generally in lower-level management or supervisory roles. Individuals gain experience overtime and then become eligible to apply for advanced manager positions which will finally help them reach the business head realm of opportunities. This climb does not happen overnight; it takes years of dedication and patience to reach the desired goal.
How to become a Business Head after 12th?
Under Graduation
- After completion of class 10 + 2 with 45% - 50% and qualifying entrance exams for the respective course, candidates are then eligible to pursue bachelors.
- The duration of bachelor or UG courses ranges in the period of 3 - 4 years.
Post Graduation
- After completion of the undergraduate course for a period of 3 - 4 years, candidates are eligible to pursue post graduation courses.
- Candidates must have at least 55% - 60% in their bachelors degree
- Some universities require entrance scores as well so candidates are expected to qualify the respective entrance exams like GMAT, MAT, CAT, NMAT, etc.
Courses to become a Business head
The courses that students need to complete in order to be a Business Head are mentioned below:
BBA
BBA (Bachelor of Business Administration) is a 3-year Under-graduate level program which consists of general as well as specializations study of fields such as finance, operations, marketing, etc.
What is the Admission method for a BBA Course?
- BBA Admissions are done on the basis of both entrance exams as well as merit lists.
- Candidates must have completed their Class XII from a recognized board, and should have also obtained a minimum of 50-55% marks. The required percentage may differ from one university to another.
- Candidates must have appeared for BBA entrance exams to qualify getting admissions in the required field of study such as DU JAT, IPU CET, NPAT, etc.
- Once the candidate becomes eligible to apply for the college, next comes the short listing of candidates and final admission round wherein the candidates are tested based on skills and written ability.
Eligibility Criteria for BBA Course
Candidates must have passed 10 +2, with a minimum aggregate score of 45% - 50%. Reserved candidates ( SC/ST/OBC ) must have a score of 40% - 45% to qualify the eligibility of the course requirements.
Candidates must appear for the required entrance exams as admissions are based on entrance as well as merit.
How to apply for the Entrance
- The examination registration is done on the official website of the conducting body.
- Fill in all the requisite details in the examination registration form, for example, name, 10 + 2 marks, graduation cgpa / percentage, date of birth, etc.
- Attach all the required documents, mark sheets, age proof, and passport size photographs with the form.
- Pay the application form fee and register for the respective examination.
- The admit card and the examination date is released by the conducting body.
- Once the results are announced, every college releases their cut off as per the applications in the respective course.
- Apply on the college website for admissions in the respective college or institute.
- College/ Institute calls for a counseling session once the aspirant clears the cut off marks.
- Submit the documents and fee for securing the seat for the course.
How to prepare for the exam?
- While preparing for exams candidates must have a proper planned schedule in order to manage the syllabus and complete it on time.
- Research well about the course and have knowledge regarding the current syllabus.
- The entrance test comprises of multiple - choice questions based on aptitude, conceptual understanding and basic general knowledge.
- Keep solving multiple - choice questions for better understanding from mock papers and previous exam papers provided on the internet to enhance your knowledge and get familiar with the mode of exam.
- After given an entrance, the selected candidates are called for an interview, it’s necessary to have conceptual knowledge about the course curriculum during the interview.
MBA
MBA (Master of Business Administration) is a post-graduation program that deals with management of business and has specializations as well as general study.
MBA Admission process
- Various specialized and general courses are available at PG level and admissions to MBA are done on the basis of merit as well as entrance scores.
- The duration of programs offered are for 2 years and the criteria for students is to graduate in a related field with 55% - 60% or CGPA according to the requirements of the University/ Institute.
- Candidates must have appeared for MBA entrance exams such as MAT, CAT, NMAT, SNAP, etc to qualify for admissions in the required field of study.
- Once the candidate has applied for the required program of study they get short listed by the university.
- After the process of short listing they are called for an interview and written test in order to check the ability and skills of the selected candidate.
Eligibility criteria for exam
Candidates must have a 3- 4 year bachelor's degree with minimum of 50% aggregate or equivalent CGPA from a recognized board or university.
They are expected to appear for the entrance exams such as MAT, CAT, NMAT, SNAP, etc to be eligible for admission to the respective universities.
How to apply for the exam?
Certain steps are to be taken into considerations to apply for the examinations
- Visit the official college website and know all about the admission procedure of the respective institute or college.
- Search for the registration form and fill in all the details required, for example, name, 10 + 2 marks, graduation cgpa / percentage, date of birth, etc.
- Attach all the required documents, mark sheets, age proof, and passport size photographs with the form.
- Pay the application form fee and print the receipt along with the application form for further reference.
How to prepare for the exam?
- While preparing for exams candidates must have a proper planned schedule in order to manage the syllabus and complete it on time.
- Research well about the course and have knowledge regarding the current syllabus.
- The entrance test comprises of multiple - choice questions based on aptitude, conceptual understanding and basic general knowledge.
- Keep solving multiple - choice questions for better understanding from mock papers and previous exam papers provided on the internet to enhance your knowledge and get familiar with the mode of exam.
- Refer relevant entrance books to have in depth knowledge about the course syllabus.
- The selected candidates are then called for an interview and it’s necessary to have conceptual knowledge about the course curriculum during the interview.
How to become a Business Head: Abroad
Pursuing management courses from abroad is one of the greatest achievements of all times. The top countries to pursue management courses abroad are USA, UK, CANADA and AUSTRALIA. To know more about the courses offered in detail let’s have a look at each of these countries one by one.
UK
Admission processes
- Required Academic Qualification: A 3- 4 years bachelors degree in any discipline
- Minimum GPA: Degree with 2:1 qualification equivalent to 50-60% or B grade with a GPA 3.5 or above.
- English Proficiency Requirements: TOEFL score of 95+ and IELTS score of 6.5 - 7.0 to prove level of proficiency for non-English speakers.
- A GMAT score of 600+ is accepted by the UK universities and a work experience of minimum 3 years.
Top colleges
The table below gives you the details of some of the best colleges to pursue in the UK
| University | Tuition Fees (Per Year in USD) |
|---|---|
| University Of Cambridge | INR 81,400 |
| University Of Oxford | INR 87,100 |
| University College London | INR 56,500 |
| Imperial College London | INR 74,700 |
| University Of Edinburgh | INR 44,100 |
| University Of Manchester | INR 61,600 |
Canada
Admission processes
- Required Academic Qualification: Students must have completed four years of bachelor’s degree or equivalent in business or non-business fields must hold degrees from a wide range of areas including arts, sciences, engineering, etc. from a recognized university.
- Minimum GPA: A GPA of 2.7- 3.0 / 4.0 or B+ grade is required to get admission in this program with at least 60 credits.
- For MBA, Students need to submit a minimum GMAT score of 550 or GRE exam scores with a minimum of 300+
- English Proficiency Requirements: Students must hold an English Language Proficiency for Non-native English speakers. They need to submit IELTS (6.0) or TOEFL (84-95) scores to prove their proficiency.
Work Experience: Students must have at least 2 years of full-time work experience after completion of an undergraduate degree.
Top colleges
The table below gives you the details of some of the best colleges to pursue in Canada
| University | Tuition Fees (Per Year in USD) |
|---|---|
| University of Toronto | INR 50,400 |
| McGill University | INR 79,600 |
| University of British Columbia | INR 67,800 |
| University of Alberta | INR 21,200 |
| University of Manitoba | INR 18,100 |
| University of Ottawa | INR 51,000 |
| University of Saskatchewan | INR 35,900 |
USA
Admission processes
- Required Academic Qualification: To be eligible for MBA programs you must have at least 15 to 16 years of education at your bachelor’s degree and candidates with a non-business fields must hold degrees from a wide range of areas including arts, sciences, engineering, etc. from a recognized university
- Minimum GPA: A minimum GPA of 3.0 /4 or B+ grade is accepted by universities.
- English Proficiency Requirements: Students being a Non- native English speaker must hold an English Language Proficiency to prove their level of proficiency. Minimum scores accepted for IELTS ( 6.5 ) and TOEFL ( 90-110 )
- Along with the requirements provided by the universities they require GRE or GMAT scores. Some universities provide admissions without experience as well. However, it depends on the university and the MBA program you choose.
Work experience: At least prior work experience of 3 - 7 years average
Top colleges
The table below gives you the details of some of the best colleges to pursue in the USA
| University | Tuition Fees (Per Year in USD) |
|---|---|
| Harvard University | INR 73,400 |
| Stanford university | INR 74,700 |
| University Of California | INR 68,400 |
| The University Of Chicago | INR 72,000 |
| Yale University | INR 74,500 |
| University Of California Los Angeles | INR 65,100 |
| University Of Michigan | INR 71,000 |
| Columbia University | INR 77,400 |
Australia
Admission processes
- Required Academic Qualification: Students are offered admission after completing 3-year bachelor's degree or a 4-year honors degree in any discipline (arts/science/commerce).
- Minimum GPA: Minimum 65% in bachelor’s degree or 3.0/4 GPA is accepted by universities.
- English Proficiency Requirements: IELTS score of 6.0 to 7.0 and TOEFL
- A good GMAT or GRE scores of 500+
Work experience: At least 2 years of work experience
Top colleges
The table below gives you the details of some of the best colleges to pursue in Australia
| University | Tuition Fees (Per Year in USD) |
|---|---|
| Australian National University | INR 33,000 |
| University Of Melbourne | INR 34,000 |
| University Of Queensland | INR 55,800 |
| University Of Sydney | INR 37,700 |
| University Of New South Wales | INR 58,000 |
| University Of Adelaide | INR 37,300 |
How to become a Business Head: Benefits
Diverse Learning Experience
There are a number of business traits wherein a business head gets to experience at every level of a company's operation. Departments focusing on the organizing, planning and analyzing of business activities consist of new learning experiences at every moment. Interactions with employees and other business heads helps to gain knowledge based on new markets and so on.
Gives you a clear overview of a business
Overseeing Business operations gives a clear view of various functions of business departments. It helps to be familiar about the client and customer interactions, business revenues and necessary risk handling procedures along with strategic management in order to perform necessary procedures to develop a business.
Business Networking
Business networking is an important key factor for a company to emerge amongst the customers. It involves making connections with clients and customers who help build brand trust. Networking allows a number of revenue for the company and consequently helps to effectively promote and operate your company. Business head gets a chance to connect with other business leaders to discuss business operations wherein networking plays a vital role.
Employment Protection
Being a business head as long as your company stays in business you’ll always be employed which is a huge benefit and can’t be said in terms for employees as they can lose their positions within a year or so.
How to become a Business Head: Skills
Necessary Key Skills are required to become a business head and some of them are given below:
| Leadership skills | Good time management skills | Communication and motivation |
| Decision-making and analytical skills | Commercial awareness and mentoring | Interpersonal and organizational skills |
| Detail oriented and business awareness | Multi tasking and Negotiation skills | Problem Solving Skills and Strategy building |
How to become a Business Head: Salary
Salary of different job roles and positions along with specialization taken into considerations are given below as per levels of experience;
Average annual salary
The average annual salary for a Business head is given in the tabular form below for public as well as private organization:
| Name of Organization | Average Annual Salary |
|---|---|
| Public | INR 8,00,000 |
| Private | INR 7,00,000 |
Specialization wise Salary
Salaries based on different specializations under business head are given below:
| Specializations | Salary |
|---|---|
| Business head | INR 8,51,685 |
| Business Administrator | INR 4,91,318 |
| Business Development Director | INR 24,44,927 |
Experience wise
Experience wise salary of a Business Head is given in terms of different levels starting from being a fresher to an intermediate to a professional level. The salaries based on these levels are given below:
| Experience | Salary |
|---|---|
| Fresher | INR 3,40,000 |
| Median | INR 13,50,000 |
| Experienced | INR 32,50,000 |
How to become Business Head: FAQs
1) What are some of the best business books?
Ans: The best business books to refer are;
- Good to Great by Jim Collins
- Wooden on Leadership: How to Create a Winning Organization by John Wooden
- Purple Cow: Transform your business by being remarkable
- What Management is by Joan Magretta
- The Art of Strategy by R.L Wing
2) What are the academic requirements to become a "Head of Business Development"?
Ans: The academic requirement is that a business professional needs to hold a business degree such as BBA / BMS and an MBA in the post graduate level.
3) How does one become successful in business?
Ans: To become successful in business one must be well organized and must have necessary key skills to operate a business. Individual can do that by pursuing courses which helps them up skill and experienced in order to become successful in business.
4) What are the top recruiting Companies for a business head?
Ans: There are many recruiting companies in private and public sectors for business head. Some of them are capgemini, IBM, Infosys, Indian Space Research Organization [ISRO], Defence Research and Development Organization [DRDO], Oil and Natural Gas Corporation, etc.
5) How long does it take to become a business head?
Ans: It takes a few years of experience to become a business head but, an MBA degree can help you get the professional position before the expected time.
6) What education is needed to become a business head?
Ans: Well, business studies are required to become a business head. The most desired and well known courses are BBA and MBA to successfully make your career as a business head.
7) Would a master's in business management be an adequate degree en route to becoming a business analyst?
Ans: Yes, masters in business management can be an adequate degree to become a business analyst since the position is from a business background; candidates will have no difficulty to make a career for the position.
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