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The rigidity can kill the business. As the evolution theory states, the ones who survive are the ones who have learned to adapt. Strategic Management is all about keeping pace with the changes and moving accordingly to gain the best results. There is a necessity for great managers who can maintain formal and informal relationships with the staff, clients and others and manage the operations even under high pressure. Without proper strategies and their implementation, all enterprises would fall. Hence the high demand for professionals who are adept at strategic management. If you think you are the person who can rise to the occasion and take on this particular field, then there are numerous strategic management courses in India waiting for you. There are also many free strategic management courses in India that you can pursue from top universities.
What is Strategic Management?
The term strategic management is the calculative planning, organising and allocating of resources within an organisation so as to achieve specific goals. This involves creating objectives, research and analysis of the competitive environment as well as internal organisation, coming up with strategies and finally the perfect execution. It is important to note that it is not just an organisation’s upper management that is ultimately responsible for strategies. The lower-level managers and other staff can also contribute by providing excellent strategies.
Who can pursue Strategic Management courses?
- You are an undergrad who has developed some management skills, now aspiring to fine-tune them
- You are already a professional (in management) and now wish to learn any nuances in the field of strategic management
- You are a professional in an unrelated field or an entrepreneur who wishes to take on more managerial roles.
If this sounds like you, then go for Strategic Management courses online and offline.
Eligibility Criteria for Strategic Management courses
You must have a bachelor’s degree in any discipline with a minimum passing aggregate of (60%.
Note: Depending on the institute there will be personal interviews as well.
Entrance Exams for Strategic Management courses
You can also opt for online Strategic Management courses and strategic management certifications to enhance your skill set.
Important skills for Strategic Management courses
- Attention to detail
- Organisational skills
- Adaptability and Flexibility
- Research skills
- Interpersonal skills
- Problem-Solving skills
Also Read: Top providers offering Strategic Management courses and certifications
What will you learn in Strategic Management courses?
You learn how to manage a project from its inception through the stages of planning, development and execution. You learn to analyse the market trends based on consumer behaviour and implement your plans accordingly. Let’s take a closer look at the most important subjects you will learn in strategic management courses.
- Organisational Behavior
- Quantitative analysis
- Financial Accounting
- Marketing Management
- Business communication
- Managerial Economics
- Production and Operation Management
- Human Resource Management
- Financial Management
- Economic environment of business
- Project Management
- IT management
- Logistics and Supply Chain Management
- Corporate governance and business ethics
Popular Strategic Management certification courses
When it comes to Strategic Management, one can never learn enough. There are always new strategies one can master. Industry best experts have done an extensive research to create Strategic Management Certification courses. These are professional courses in strategic management and are of short duration. Here we have compiled some of the best Strategic Management Certification courses that are right for you.
Free (charge for certificate)
RWTH Aachen University, Aachen via Edx
University of Cape Town, Cape Town via GetSmarter
Monterrey Institute of Technology and Higher Education, Monterrey via Edx
IIM Calcutta via Eruditus
Career Opportunities after Strategic Management courses
You will develop business strategies along with the management team. You will guide in the evaluation and execution of mergers and acquisitions. You will also analyse the client’s data (financial status such as current income, any debt, investments, and more) and give advice on financial decisions.
You will oversee your company's infrastructure. You will ensure that everything is functioning with full efficiency (the team, technology, IT security, and others), with efficient operation and the safety of customer data. You will also supervise the staff’s access and use of data.
You will help individuals and companies in assessing their financial needs and help them achieve their financial goals (good investments such as gold, real estate stocks, bonds, and others). You will also guide them by explaining tax laws so that they can make good decisions.
- Business Administrator
- Organisational manager
- Project Manager
- Marketing Manager
- Business Consultant
- Bank Branch Manager
- Portfolio Manager
- Human Resource Manager
- Planning specialist
- Product Development Manager
- Sales Manager
- Brand manager
- Corporate service manager
- Supply Chain Manager
- Development Manager
- Purchasing Manager
- Social Media Manager
- Executive Assistant
According to Glassdoor, the highest compensation for a Strategy Manager in India is Rs 3,500,000 p.a. whereas the lowest is Rs 9,00,000 p.a. As you can see the field offers handsome salaries, the same goes for many professions which are closely linked to strategic management. Here is a list of professions in the field of strategic management along with their salary trends (average salary).
Average Base Salary p.a.
** Source of Salary Details: Payscale, Glassdoor
Note: The given salary details may vary depending on experience, skills, company, location, and other factors.
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Scope after Strategic Management courses
The job employment possibilities in Strategic Management have seen a surge in recent times. If you can excel in administration, know all the niches and can incorporate your knowledge in other domains to promote the business, then you become an asset to the organisation. It takes skill and hard work to come up with strategies to make a company operate efficiently. Take any industry (health care, education, IT, fashion, oil and gas, tourism, and others), all require strategic management. Hence you will find opportunities in abundance both in India and abroad.
So take some of the best strategic management courses to become the professional that every industry is after.
- McKinsey & Company
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Q: How do I pursue online Strategic Management courses?
A: You can enrol in online Strategic Management courses offered by various institutes and educational organisations both in India and abroad. These are world-recognised certifications created by industry experts and academicians.
Q: What is the duration for different Strategic Management courses?
A: It will take you 2 years to complete PG Strategic Management courses. For research, it can take up to even 8 years. (depending on your pace) For online Strategic Management courses, it can range from a few weeks to even 2 years.
Q: How much does it cost to study different Strategic Management courses?
A: For PG strategic management courses it can range from Rs 16,000/- to 9. 90 lakhs (private) and about Rs 76,000- (public). For research in strategic management, it can cost up to 2 lakhs. Coming to strategic management certification courses, it can range from free courses to paid courses (which can cost up to 3 lakhs.)
Q: What are some of the best institutes in India for studying Strategic Management courses?
A: Some of the top institutes offering Strategic Management courses are Christ University, Amity University, Noida, Jain University, Bangalore, Ajeenkya DY Patil University, Pune, Malla Reddy University, Hyderabad, International School of Management Studies, Pune, and Magadh University, Bodhgaya,
Q: How can strategic management courses benefit me in the long run?
A: In any kind of business, where you take on managerial roles, you will need to develop and implement excellent management strategies, set up realistic objectives for the business and lead effectively. So learning strategic management can prepare you for these scenarios.
Q: Are strategic management certification courses difficult to master?
A: No. Designed by researchers as well as industry experts, the courses offer a comprehensive study of the field. With some discipline, you will master this skill in no time.