Top Business Management Positions in 2023

Business and management are among the most pursued courses. And one of the most influential factors that make these fields more common is the salary package. With great qualifications and work experience, they offer lucrative opportunities. India is a rapidly expanding economy with numerous job opportunities, especially in the fields of technology, business and management. To know about the top business management positions in 2023, keep reading this blog.

Top Business Management Positions in 2023 

The following are the top business management positions in 2023:

• CEOs and Executives
• Computer and Information System Manager 
• Engineering Managers 
• Architectural Managers 
• Financial Managers 
• Construction Managers 
• Promotions Managers
• Foodservice Managers 
• Advertising and Marketing Managers
• Human Resource Managers

CEOs and Top Executives

CEOs and Executives are the top managerial positions in the corporate world. CEOs are responsible for managing the complete functioning of the organization and ensuring profits and growth rates. The duties of CEOs and executives are like developing annual operating strategies, developing budgets, presenting business operations to board members and enhancing employee relations. The average salary of a CEO is $185,950 or INR 1.53 Cr per year.

Also Read: How to become a CEO?

Computer and Information System Managers 

If you like to work with computers and your interest lies in technology then Computer and Information System Manager will certainly be a great career choice for you. They are mainly responsible for coordinating, planning and directing various computer-related activities for a corporate company or an organization. The average salary of a Computer and Information System Manager is $151,150 or INR 1.25 Cr per year depending on qualifications and experience in the IT and Management industry. 

Engineering Managers 

The engineering manager is one of the highest-paid business management positions in 2023.  Engineering managers are responsible for various tasks including writing performance reviews, directing and coordinating production, modifying product designs, overseeing research projects, approving expenditures, and negotiating research contracts. The average salary of an engineering manager is $149,530 or INR 1.23 Cr per year depending on the line of work and degree in engineering. 

Also Read: Career in Engineering Management

Architectural Managers 

Architectural managers require a bachelor’s degree in architecture and work experience of at least 5 years to be an expert in the field. The average salary of an architectural manager is  $149,530 or INR 1.23 Cr per year. Architectural managers are responsible for planning and overseeing projects that are handled by other teams. Depending on the type of project, architectural managers work in laboratories, construction sites, and industrial plants. 

Financial Managers 

The main job role of financial managers is to help their clients to make sound financial decisions. To help out their clients, financial managers provide a wide range of financial advice and support either in the private sector or the public sector. Financial managers are also responsible for interpreting financial information, minimizing financial risk, developing and managing budgets, providing financial reports and analyzing the market to make the right decision. The average salary of a financial manager is $134,180 or INR 1.10 Cr per year. 

Construction Managers 

The construction manager as the name suggests supervises the construction of a project and ensures its completion. This field requires expertise and thus a construction manager must have at least 5-10 years of work experience. Other responsibilities of a construction manager include creating work schedules for employees, reading blueprints, ordering material, planning for the project and more. The average salary of a construction manager is $97,180 or INR 80.36 Lakh per year. 

Also Read: Career in Construction Management

Promotions Managers

If you are interested in opting for a more creative profession then maybe a promotion manager would a suitable career choice. They are mainly responsible for carrying out a wide variety of tasks related to advertising with an aim to increase sales from the clients who hired them. A promotional manager participates in designing promotional material, carrying out advertising campaigns, creating discount and promotional programs, and employing promotional messages on social handles. The average salary of a promotional manager is $125,522 or INR 1.03 Cr per year. 

Food Service Managers

The Food industry is an expansive field that enables a wide range of opportunities for professionals. Individuals who wish to pursue food services can seek employment opportunities in many fields including restaurants,  hotels, casinos, school cafeterias and more. Food service managers are responsible for both preparing food items and managing lower-level workers. It is their job to ensure that the operations within a dining facility are carried out effectively and efficiently and take part in taking orders, handling customer complaints, creating employee work schedules and completing paperwork. The average salary of a food service manager is $56,590 or INR 46.80 Lakh per annum. 

Advertising and Marketing Managers 

They are the experts in the advertising and marketing industry who are responsible to generate customer interest in a service or product launched by a company or an organization. They also handle advertising campaigns, focus on the objective of marketing campaigns and work together with sales agents, art directors and other professionals. To become an advertising and marketing manager, you will be required to have a degree in advertising or marketing. The average salary of an advertising or marketing manager is $141,490 or INR 1.17 Cr per year.

Human Resource Managers

The average salary of a Human resource manager is $121,220 or INR 1.00 Cr. Human resource managers are primarily responsible for overseeing the administration function within an organization, they perform a wide variety of tasks including recruiting new employees, hiring them and preparing them for their positions. They ensure that the employees are well protected under employee labour laws and regulations. 

FAQs 

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