Career in Business and Finance in Pakistan

This wide world is full of diverse professions; business administration is one of them. This career option came into being as regular education after industrial revolution. The aim of the education of business administration is to execute a task in a minimum cost and time to prioritize the production of an industrial unit, thus regularizing the collective activities of man. The Master of Business Administration (MBA) and the bachelor of Business Administration (BBA) are degrees in business administration, which attracts people from a wide range of academic disciplines. The business administration degrees originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out scientific approaches to management. The MBA degree has since achieved worldwide recognition. Accreditation bodies exist specifically for MBA programs to ensure consistency and quality of graduate business education, and business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and distance learning students, with specialized concentrations Nature of work in practical life A fresh degree holder in business administration when enter into practical life, he has to face different nature of working atmosphere. The nature of work in a financial organization is deferent than an industrial organization. Same as the case of an export related organisation where the nature of work would be different to that of a service providing entity. Initially an MBA degree holder is delegated with responsibilities of any of the branch of Business Administration i.e. Accounting, Business Finance, Marketing, Business & Industrial Management or Banking. Normally work is done strictly in an office. Fresh graduate normally is offered the post of Assistant Manager. Professional having good record and experience has delegated administration job. Career Options: There are many professional directions in which a business administration graduate may go to start a career. Career options range from operations to management and include, but are not limited to, the following: Account executive Claims representative Credit analyst Public administration Employment interviewer Financial planning Purchasing agent Job analyst Business writer Bank officer Business Development Manager Sales manager Future Outlook : Job opportunities in this profession are directly related to the momentum of the national economy. The more the activities of the trade and industry will boost, the more the opportunities will be produced. The other things which influence this profession are science and technology. The practice of information science is growing day by day. Machines are taking over men. Swift and timely decision is getting significance. The need of such professional managers who are very well aware of the practical and theoretical aspects of this profession as well as ability to analyze the problem on scientific basis and produce efficient output through timely decision making, are on the demand with the passage of time. This entire situation indicates towards the bright future of this field. Courageous and intelligent people having decision making skills have very good and bright chance in this field. It is rather difficult to predict the future job market for graduates of business administration programs. This is because so much of it depends on the area of the field in which you would like to work and the ways in which the economy overall will continue to change. when choosing an area in which you'd like to specialize, it is important to not only consider what you enjoy doing, but also to look at the ways in which that specific area will stand the test of time in this ever-changing business environment. Salary, remuneration, emolument, other benefits Graduates from business administration programs have the potential to make a great deal of money. Of course, they can also find themselves in the kinds of positions that have lower ceilings on the potential earnings but offer other benefits, such as attractive hours and more-relaxed work environments. Really, as is the case with many fields of business, the amount you earn is to a great extent determined by your own professional goals. Types of Associate, Undergraduate & Graduate Programs Available In Pakistan normally following business administration programs are offered in the universities, colleges or institutions. bachelor of Business Administration (BBA) Master of Business Administration (MBA) Your professional goals determine type of degree for your future career. If you would like to work in the business world, and aim to make a career in the lucrative world of business and finance then a bachelor's degree or Master's degree should be your choice. However, you should start off with a bachelor's. Private sector companies often pay for their employees to go back to school or college or university for their Master's degrees. Finally, those who wish to pursue the academic or research sides of the profession then a Doctoral degree is usually the choice. Range of study MBA programs comprise subjects like economics, organizational behavior, marketing, accounting, finance, strategy, operations management, international business, information technology management, supply chain management, project management, government policy, and ethics. Students traditionally study a wide variety of courses in the program's first year, and then pursue a specialized curriculum in the second year. Full-time students typically seek an internship during the interim. Specialization Many programs allow students to specialize or concentrate in a particular area. Standard concentrations include accounting, corporate strategy, decision sciences, property management, economics, entrepreneurship, finance, general management, human resources, international business, marketing, information systems, information technology, telecommunication, organizational behavior, project management, and operations management. Unspecialized MBA programs often focus second-year studies on strategic management or finance. Niche Areas (Field of specialization) There are many areas of specialization in business administration some of popular areas of specialization include the following: Accounting Corporate strategy Decision sciences Economics Entrepreneurship Finance General management Human Resources Management Information systems Information technology International Business Management Management Information Systems Management of Technology Management Science Marketing Operations management Organizational behavior Project management Property management Telecommunication Unspecialized MBA programs often focus second-year studies on strategic management or finance Internationally more diversified options are available to the students to start a career or even select a programme even in the latter stage of their career. A program may offer more specialized concentrations such as Asian business, consulting, sports management, or degrees emphasizing real estate or insurance. Many schools offer unique concentrations available nowhere else. Master of Accountancy (MAcc or MAcy) bachelor of Commerce (BComm or BCom) bachelor of Business Administration (BBA) Doctor of Business Administration (DBA) Certified Business Manager (CBM) Master of Business Communication (MBC) Master of International Business (MIB) Master of Science in Finance (MSF) Master of Science in Administrative Studies Master of Enterprise (ME) Admissions criteria Most programs base admission on the Graduate Management Admission Test (GMAT), and personal interviews. These qualifications are important for admission; however, some schools do not weigh GMAT scores as heavily as other criteria. In order to achieve a diverse class, business schools also consider the target male-female ratio and local-international student ratios. Universities offered degree programme: Please click here to visit the Business schools / universities list recognized by Higher education commission of Pakistan.

About the Author:
Habib ur Rehman has been practising career counseling for the last 4 years in Pakistan. He is B.A, LL.B and also have actively involved in the awareness programme of Youth's career planning