A Project Report on Career opportunities for management professional

Integrated Master of Business Administration (IMBA) By ANJANI DEVI DANTHULURI Regd. No. 1234108103 Under the guidance of Mrs I.Madhavi Assistant Professor GITAM Institute of Management

GITAM Institute of Management, GITAM University, Visakhapatnam, Andhra Pradesh

DECLARATION

I ANJANI DEVI DANTHULURI

hereby declare that this project report entitled CAREER

OPPORTUNITIES FOR MANAGEMENT PROFESSIONALS, submitted by me, under the guidance of Mrs.I.Madhavi, Assistant Professor, GITAM INSTITUTE OF MANAGEMENT, GITAM UNIVERSITY Visakhapatnam, is my own and has not been submitted to any other University or Institute or published earlier.

Visakhapatnam Date: ANJANI DEVI DANTHULURI

CERTIFICATE
This is to certify that this report titled CAREER OPPORTUNITIES FOR MANAGEMENT PROFESSIONALS successfully completed Administration to GITAM INSTITUTE by ANJANI DEVI DANTHULURI in partial OF MANAGEMENT, GITAM UNIVERSITY, fulfillment of the requirement for the award of the Integrated Degree of Master of Business Visakhapatnam is a bona-fide work carried out by her under my guidance.

Date: Visakhapatnam

Mrs.I.Madhavi Assistant Professor GITAM Institute of Management

ACKNOWLEDGMENT

I record my deep sense of gratitude to SRI M.V.V.S.MURTHY, chairman, GITAM UNIVERSITY, and Prof K.SIVA RAMA KRISHNA, Dean and Principal, Prof.P.SHEELA, vice principal and Mrs.M..JYOTHSNA, program coordinator for their encouragement and support for the completion of the project work.

It is a great pleasure to acknowledge my sincere feelings and respects to my guide Mrs.I.MADHAVI for her valuable guidance. Finally I extend my whole hearted thanks to my parents, friends, well-wishers and those people who helped me in many ways throughout the completion of my project work.

Visakhapatnam Date: ANJANI DEVI DANTHULURI

CONTENTS I. Theoretical Framework/ Conceptual Framework 4

PG.NO ( 6 9)

1. Main Subject 2. Topic Related Concept

7 (8 - 9)

II. Present Study/Methodology 1. Need of Study 2. Objective of Study 3. Scope of Study 4. Research Design a. Data Collections b. Data Tabulation c. Analysis Method III. Organization Profile 1. Industry Profile 2. Organization Profile 3. Topic profile in the organization IV. Analysis of the Study V. Finding, Suggestions and Conclusions 1. Findings 2. Suggestions 3. Conclusions VI. Bibliography

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11

(12 -23)

(24 30) (31 34)

32 33 34
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THEORITICAL FRAMEWORK/ CONCEPTUAL FRAMEWORK

INTRODUCTION Most degrees are obtained with the purpose of advancing your career prospects and job
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opportunities. The same is the case with an MBA degree; the only difference being that an MBA degree is considered as the most valuable post graduate degree in the world and has exciting career opportunities. People take the MBA program in order to further their careers in their current jobs or to get a better job on the basis of their MBA degree. Even within your existing company and in your current job, you can notice the difference in your career prospects pre-MBA and post-MBA. With an MBA degree under their belt, employees have a whole new world opened up to them and are elevated to managerial positions on the strength of the additional abilities and knowledge gained through the MBA program.

TOPIC RELATED CONCEPTS:

Marketing: People who are in charge of marketing the goods or services of any organization need to be able to create effective marketing strategies and convey their message to people efficiently. An MBA program equips its students with theoretical knowledge as well as practical marketing skills, which can help in getting jobs in the marketing field. With the MBA degree, you can look to become no less than a product manager responsible for marketing.

Finance: Those in the field of finance need to be quick thinkers, have high energy levels to stay abreast of the financial markets, and most importantly, need to have patience to deal with clients and explain things to them. The finance courses in an MBA program are a great way to determine if you have what it takes to be a success in finance. If so, then there are a host of top jobs that you can get in this field.

Government Jobs: People often live with the misconception that an MBA degree is only good for business because of its very name. But it can be very useful for a career in a government agency. Such jobs usually require you to be a big thinker and to be a team player. All this and more is learned in an MBA program. Government agencies have since long had a reputation of giving reactive responses that do not much translate into action. To change this image, government agencies are increasingly on the lookout for people who are doers and not merely talkers. Thus, someone with an MBA degree could have many career prospects in a government job.
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Personal Business: Those who have their own business are known to benefit tremendously from completing an MBA program. But what is even better is that an MBA degree can give you all the relevant skills and abilities needed to start your very own enterprise and become an entrepreneur, thus giving you tremendous career opportunities.

Non-profit Organizations: An MBA degree can open up many jobs for you in nonprofit organizations. Most people with this degree or those who are still pursuing this degree, do not give much thought to jobs in the non-profit sector as it is regarded as a waste of their skills and abilities. But on the contrary, this is one sector that could benefit a great deal from having more people with MBAs involved in-profit. As for the MBA graduate, it can be very rewarding, both financially and emotionally, to see that your talents are making a positive difference in the lives of many people. You get the chance to work for a worthy cause, while at the same time furthering your own career.

PRESENT STUDY/ METHODOLOGY

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Objective the study The main objective of this study is to under stand the basic qualification required; position entered and is currently in, responsibilities carried out so far, the skills required and the future growth opportunities for management professionals Need of the study study was conducted to understand requirements in terms of qualifications and skills required for various levels of positions in the various departments of certain sectors to help guide future aspirants to the management profession. Scope of the study The study was conducted in the Finance,accounts and Marketing Departments in Banks, Construction and IT industry in Andhra Pradesh. A sample of 50 executives from various departments of these sectors have responded to a questionnaire prepared for the purpose of the study.

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RESEARCH DESIGN Data collection method: Data was collected through the administration of a questionnaire
prepared for the purpose of the study. The questionnaire involved __15__ number of questions enquiring about current designations, qualifications and skills possessed and required.

Data tabulation: Data was tabulated department wise and levelwise in terms of the qualifications and skills possessed and required and need to be obtained in the future for advancement in career.

Analysis method: Data was analyzed in terms of percentages and presented tabularly and graphically in the form of Pie charts.

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Organization profile

Organization profile: This part includes all the profiles of the organizations that I have been chosen. Those organizations include-

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1. ANDHRA BANK

2. STATE BANK OF HYDERABAD

3. CANARA BANK

4. ING VYSYA BANK

5. ORIENTAL BANK OF COMMERCE

6. NAGARJUNA CONSTRUCTION LTD

7. WIPRO TECHNOLOGIES

8. CATERPILLAR INC

9. LIFE INSURANCE CORPORATION OF INDIA LTD (LIC)

10. STATE BANK OF INDIA

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ANDHRA BANK
"Andhra Bank" was founded by the eminent freedom fighter and a multifaceted genius, Dr.Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs.

Founder

Dr Bhogaraju Pattabhi Sitaramayya was born on 24th November 1880 in Gundugolanu village, West Godavari District in Andhra Pradesh. He was a renowned Freedom Fighter and a very illustrious personality. Corporate Identity

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TOGETHERNESS IS THE THEME The Symbol of Infinity denotes a Bank that is prepared to do any thing, to go to any lengths, for the customer The Blue pointer on the top represents the philosophy of a Bank that is always looking for growth and newer directions. The Key hole represents Safety and Security The Chain indicates togetherness The colours Red and Blue denote dynamism and solidity

STATE BANK OF HYDERABAD

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State Bank of Hyderabad was established as Hyderabad State Bank on 8 August 1941. The Bank started its operations with the distinction of being the central bank of the princely state of Hyderabad, covering the present-day Telangana region of Andhra Pradesh, Hyderabad-Karnataka of Karnataka and Marathwada of Maharashtra, when it was established. Apart from functioning as a commercial bank, it managed Osmania Sikka (the currency of Hyderabad in those days) and managed public debt as well. The first branch of the Bank was established at Gunfoundry, Hyderabad on 5 April 1942. Hyderabad State Bank conducted the take over of the assets and liabilities of the Hyderabad Mercantile Bank Ltd. in 1953. It was in the same year, when the Bank started its Government and Treasury business as an agent of the Reserve Bank of India. In 1956, the RBI took over the Bank. Since then, Hyderabad State Bank came to be known as State Bank of Hyderabad (SBH), which was the subsidiary of RBI during the period. State Bank of Hyderabad offers easy access to money to its customers, through the ATM cum debit cards issued by it.

Services provided by State Bank of Hyderabad :

Demat/ Depository Services NRI Services Electronic Fund Transfer System Internet Banking RTGS, NEFT & GRPT Safe Deposit Lockers International Banking
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SBI Life

CANARA BANK

Canara Bank is one of the most prominent commercial banks of India. The bank was

established in the year 1906 at Mangalore, Karnataka by a well known personality Mr.

Ammembal Subba Rao Pai. Initially, it was founded with the name Canara Bank Hindu

Permanent Fund, but later on the name was changed to Canara Bank Limited. , Canara

Bank has a number of achievements to its credit, which include being the first bank in

India to have launched Inter-City ATM network, being the first bank to have been

awarded ISO Certification for one of its branches, providing credit card for farmers for the first time in India along with offering Agricultural Consultancy Services. Canara

Bank has established a strong presence in the country, with 2710 branches across the

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nation. 1351 branches of the bank provide Internet and Mobile Banking (IMB) services.

Canara Bank offers a host of banking and value added services to its customers, which

include Personal Banking Services, Corporate Banking Services, NRI Banking Services

and

Priority

&

SME

Credit

Services.

ING VYSYA BANK

ING Vysya Bank Ltd., is an entity formed with the coming together of erstwhile, Vysya

Bank Ltd, a premier bank in the Indian Private Sector and a global financial powerhouse,

ING of Dutch origin, during Oct 2002. ING acquired a 44% stake of vysya bank and

took

over

management

of

bank.

The origin of the erstwhile Vysya Bank was pretty humble. It was in the year 1930 that a

team of visionaries came together to form a bank that would extend a helping hand to
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those who weren't privileged enough to enjoy banking services. ING has gained recognition for its integrated approach of banking, insurance and asset

management. Furthermore, the company differentiates itself from other financial service

providers by successfully establishing life insurance companies in countries with

emerging economies, such as Korea, Taiwan, Hungary, Poland, Mexico and Chile.

Another specialisation is ING Direct, an Internet and direct marketing concept with

which ING is rapidly winning retail market share in mature markets. Finally, ING

distinguishes itself internationally as a provider of employee benefits, i.e. arrangements

of nonwage benefits, such as pension plans for companies and their employees.

OrientalBankof Commerce

Established on 19th Feb' 1943 in Lahore, Oriental Bank of Commerce (OBC) is one of

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the public sector banks in India. Its modest beginning is creditable to its founder Late Rai

Bahadur Lala Sohan Lal, the first Chairman of the OBC. Within four years of coming

into existence, the country partitioned, the Bank shifted its Registered Office from Lahore

to Amritsar. The Oriental Bank of Commerce was nationalized on 15th April 1980, and

paved

its

way

to

count

amongst

the

strongest

banks

in

India.

OBC has a network of 530 branches and 505 ATM's spread throughout India, out of

which 490 branches offer centralized banking solutions. With High Capital Adequacy

Ratio, Oriental Bank of Commerce is known be a consistent profit-making bank. It offers

various services and products, like current/ savings account, general loans, educational

loans, agricultural loans, etc, for the benefit of customers. For its effective services, the

National Institute of Bank Management (NIBM) rated OBC Bank as "Customer

Friendly" Bank.

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NAGARJUNA CONSTRUCTION LTD

NCC is a vision seen in exemplary clarity by Dr. AVS Raju, architect, planner and builder close to

three decades ago.

NCCs range of business verticals comprising of Buildings & Housing, Transportation, Water &

Environment, Irrigation, Power, Electricals, Metals, Oil & Gas and International business reflect

an expertise positioned to capture every infrastructure upturn. NCC has a reputed record of

completing projects on time without compromising on quality and is the only construction

company in India to achieve the recognition as one of the 250 best under a billion listed

companies in Asia Pacific in 2005 by Forbes Asia.

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WIPRO TECHNOLOGIES
Wipro Technologies is the No.1 provider of integrated business, technology and process

Solutions

on

global

delivery

platform.

Wipro Technologies is a global services provider delivering technologydriven business solutions that meet the strategic objectives of our clients. Wipro has 40+ Centers of Excellence that

create solutions around specific needs of industries. Wipro delivers unmatched business value

to customers through a combination of process excellence, quality frameworks and service

delivery innovation. Wipro is the World's first CMMi Level 5 certified software services company

and the first outside USA to receive the IEEE Software Process Award.

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Wipros TIS is the largest Indian IT infrastructure service provider Wipros Technology Infrastructure Services (TIS) is the largest Indian IT infrastructure service

provider in terms of revenue, people and customers with more than 200 customers in US,

Europe, Japan and over 650 customers in India. It is powered by the expert skills of over 6,500

technical specialists and state-of-the-art BS 15000 certified infrastructure for operations

support.

CATTER PILLAR INC

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Caterpillar Inc. was originally organized as Caterpillar Tractor Co. in 1925 in the State of California. In 1986, the Inc. in Company reorganized as Caterpillar the State of Delaware. It operates in three lines of business: Machinery, which includes the design, manufacture, marketing and sales of construction, mining and forestry machinerytrack and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment and related parts. Also includes logistics services for other companies and the design, manufacture, remanufacture, maintenance and services of rail-related products.; Engines, which includes the design, manufacture, marketing and sales of engines for Caterpillar machinery, electric power generation systems, locomotives, marine, petroleum, construction, industrial, agricultural and other applications and related parts. Also includes remanufacturing of Caterpillar engines and a variety of Caterpillar machine and engine components and remanufacturing services for other companies; and Financial Products, which consists mainly of Caterpillar Financial Services Corporation (Cat Financial), Caterpillar Insurance Holdings, Inc. (Cat Insurance) and their respective subsidiaries. Cat Financial provides a wide range of financing alternatives to customers and dealers for Caterpillar machinery and engines, Solar gas turbines as well as other equipment and marine vessels. Cat Financial also extends loans to customers and dealers. Cat Insurance provides various forms of insurance to customers and dealers to helpsupport the purchase and lease of its equipment.

Life Insurance Corporation of India (LIC)

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The Life Insurance Corporation (LIC) was established about 44 years ago with a view to provide an insurance cover against various risks in life. A monolith then, the corporation, enjoyed a monopoly status and became synonymous with life insurance. Its main asset is its staff strength of 1.24 lakh employees and 2,048 branches and over six lakh agency force. LIC has hundred divisional offices and has established extensive training facilities at all levels. At the apex, is the Management Development Institute, seven Zonal Training Centres and 35 Sales Training Centres. At the industry level, along with the Government and the GIC, it has helped establish the National Insurance Academy. It presently transacts individual life insurance businesses, group insurance businesses, social security schemes and pensions, grants housing loans through its subsidiary; and markets savings and investment products through its mutual fund. It pays off about Rs 6,000 crore annually to 5.6 million policyholders.

STATE BANK OF INDIA

State Bank of India is the nation's largest and oldest bank. Tracing its roots back some 200 years to the British East India Company (and initially established as the Bank of Calcutta in 1806), the bank operates more than 15,000 branches within India, where it also owns majority stakes in six associate banks. State Bank of India (SBI) has more than 80 offices in nearly 35 other countries, including multiple locations in the US, Canada, and Nigeria. The bank has other units devoted to capital markets, fund management, factoring and commercial services, credit cards, and brokerage services. The Reserve Bank of India owns about 60% of State Bank of India.

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ANALYSIS OF THE STUDY

ANALYSIS: 1.The percentage of employees under the various major department in regard to the above mentioned companies.

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Finance Accounts Technical Marketing

20 5 10 15

PERCENT AGEOFEMPL YEES O

finance accounts technical m arketing

Interpretation: 1.Here the percentage of employees under various departments of different organizations are, finance are 40 % ,accounts 10% ,technical are 20% and marketing is 15% 2.So here the percentage of finance people is more where it shows that they play a main role in an organisation.

2. Various level of position under the department in the organization.

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Department Finance Accounts technical Marketing

Entry level 9 1 4 2

Middle level 7 3 4 8

High level 4 1 2 5

Interpretation: 1. Here there are more number of people are in entry level. 2. There are more number of people in marketing of middle level 3. Here finance entry level employees are more in number when compared to other departments.

3.Do you think that with the basic qualification you had, you could develop such skills?
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YES NO

39 11

Interpretation: 1. Here most of the employees have mentioned that they hav improved skills when they are in basic level which lead them to get better carrer path.

4.Did the organisations you have been working for expose you to training programmes to enhance your skills and overall development?

development

30

YES NO

32 18

Interpretation:
1. Here most of the employees mentioned that they developed skills with the help of

training development programmes. 2. And they have a overall development

5..Did you further improve upon your educational qualification? YES 29

31

NO

21

Interpretation: 1. Here this charts shows that most of the employees had improved education qualifications to get promotions 2. There are few employees who need to improve skills to get the better promotions and choosen higher education

ANALYSIS ON FINANCE DEPARTMENT Out of the various departmental information that have been collected from the various companies, here is detailed description of FINANCE department 1.Number of entry level trainess-13(managerial trainees)

2.Number of employees who havent done any further educational qualification improvement after joining into organisation -15
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3.Various educational qualification of the employees

B.com M.com MCA CAIIB MBA JAIIB BA M.SC MA

9 8 1 3 4 1 10 3 2

4. Various suggestions given by the employees belonging to this department Good communication skills

Good presentation skills Accuracy of Numerical knowledge Good Negotiationskills Positive attitude towards the company and the work Time management Maintaining diplomacy in the vertical cadre Persuasion skills

5 .Educational qualification suggestion given by them to the younger generation

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-MBA, or any such post graduation combined with the above mentioned skills

FINDINGS , SUGGESTIONS, CONCLUSIONS

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FINDINGS: 4. As per the analysis conducted on the questionnaire,I found that most of the people are further improving their educational qualifications after entering the organizations in order to make the better career path.

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5. There r certain skills which are required from the basic level like computer knowledge,communication skills etc.
6. Have to develope leadership qualities and managerial skills.

7. Must work hard to attain a goal with patience and must have goal orientation

8. Creativity plays a main role in employee career.

9. According to ma findings one of the important one is that time to time upgrading of knowledge is very important.

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SUGGESTIONS The following suggestions were given by the respondents in terms of improving their career prospects in the management profession. Improvement in managerial skills Patience, creativity and coordin ation with employees Improvement in communication skills Goal orientation Persistence Hard work and knowledge up gradation Self Motivation & Self Discipline Leadership qualities

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Conclusion:
The respondents to the questionnaire have spent their valuable time and provide the needed inputs. It was found that a majority of the respondents possessed the required qualifications and feel that they need up graduation with their skills through training.

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BIBLOGRAPHY: BOOKS: 1. R.k.sharmaFINANCIAL MANAGEMENT year of publication 2009 reviewed 2. I.M.Pandey FINANCIAL MANAGEMENT year of publication 2010 reviewed WEBSITES: 1. www.google.com 2. www.licindia.com 3. www.nagarjunaconstructionltd.com 4. www.canara.com 5. www.ing vysya bank.com 6. www.oriental bank of commerce.com 7. www.wipro technologies .com 8. www.statebankof Hyderabad.com 9. www.andhrabank.com 10. www.caterpillarinc.org 11. www.state bankofindia.com 12. www.wikipedia.com

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