Update on 10 Apr, 2023
5 min read
Strategic Management is defined as the management of resources to help an organization achieve its strategic objectives. A strategic management professional is responsible for preparing various strategic planning models and executing them effectively to meet key objectives.
The strategic planning models and the strategic planning process can vary from one organization to another. An individual who wants to pursue a career in the field of strategic management should be a strategic thinker because Strategic thinking is the first step in developing a strategic plan and one can help an organization to thrive by developing an effective strategic plan by strategic thinking.
Strategic Planning consists of setting objectives, competitor analysis, developing strategies, assessing the internal organizations, and ensuring that the management structure is well managed and corporate management can effectively execute the approved strategies. It also involves analyzing the competitor's latest development and identifying the competitive threats and recognizing the opportunities wherever they may exist.
This course offers knowledge about the various concepts of management and organizational techniques as well as theories. Pursuing a Strategic Management course from a recognized Business school or College will help you:
In India, there are various certificates, diplomas, and post-graduate courses offered in the specialization of Strategic Management. Students who want to gain knowledge about various concepts of management techniques can opt for this course.
The eligibility for the course is usually determined by the institute or university, it also depends on the nature and duration of the course.
We have mentioned below the basic eligibility requirement to pursue this course:
Most Institutes and colleges offer admissions based on the qualifying score in CAT, CMAT, GMAT, MAT, XAT, and NMAT. Many prestigious B-Schools like IIMs and the effective and efficient Indian School of Business (Hyderabad) offer admission based on these entrance test results.
If you want to pursue an M.B.A degree in strategic management from a reputed B-School or institute in India, then you need to get a valid score or rank in any of these entrance examinations mentioned above.
There are various Diploma, Certificate, and PG courses offered in the specialization of Strategic management, Candidates who want to pursue the course in this specialization can choose a full-time degree course or a part-time online certificate program.
Some popular strategic management courses are mentioned below:
|Courses associated with Strategic Management||MBA in Strategic Management, M.Sc. in Strategic Management, Certification in Leadership & Strategic Management|
|Strategic Management Course Duration||3 months to 2 Years|
|Eligibility||Graduation (Bachelor’s degree) with at least 50% from a recognized university|
|Admission Process||Merit/ Entrance-Based|
|Entrance Exams||CAT, CMAT, GMAT, MAT, XAT, NMAT|
|Average Annual Fees||Rs 50,000 to Rs 15,00,000|
|Average Salary||Rs 6.20 L.P.A to Rs 14.06 L.P.A|
|Top Recruiting Companies||Accenture, The HDFC Bank Limited, Amazon, Standard Chartered, JP Morgan Chase & Co., Deloitte, Bain & Company IBM, Capgemini|
Business Development Coordinator, Business Development Manager, Strategy Manager, Business Analyst, Marketing Consultant, etc.
MBA in Strategic Management course consists of 4 semesters, we have given the syllabus of the course in the table below:
|Semester Ist||Semester 2nd|
|Modern Business Organization and Management||Business Research Methodology|
|Global Business Environment & Economics||Modern Marketing Management|
|Accounting & Financial Management||Information Technology for Business|
|HR & OB||Production Operations & SCM|
|Business & Corporate Law||Business Communication Skills|
|Semester 3rd||Semester 4th|
|Business Policies & Strategic Management||Business Ethics & Corporate Governance|
|Modern Marketing Management||Global Strategic Management|
|Introduction to Strategic Management||Strategic Finance|
|Strategic Human Resource Management||Implementation Of Strategies|
|Environment For Strategic||Project Work|
If you don’t want to pursue a long-term 1 or 2 years PG or Diploma course in Strategic Management, you can choose to do an online/distance certification course in the same specialization.
Below is the given list of the institutes that offer online short-term courses with respective strategic management course fees:
|Institute Name||City||Course Name||Course Duration||Course Fee|
|Indian Institute of Management||Bangalore||Strategic Management for Innovation||3 days||Rs. 1,02,000|
|IIM Ahmedabad||Ahmedabad||Strategic Management||35 months||Rs.1,25,000|
|NU Learn||New Delhi||Strategic Management||4 months||Rs.60,000|
|IACT Global||Noida||Leadership & Strategic Management||3 months||-|
|iLead Training||Kolkata||Executive Development Program in Strategic Management||-||Rs.75,000|
|IIMBX||Delhi||Strategic Management||5 weeks||-|
|Indian School of Business Management & Administration (ISBM)||Mumbai||Certificate in Strategic Management & Leadership||9 months||Rs.1,04 900|
|Talent Edge||Gurgaon||Strategic Human Resources Leadership||3 months||Rs.125,000|
These institutes deliver you a certification course in strategic management using e-learning platforms, the curriculum of these courses is designed for individuals who are already engaged in corporate sectors, and the e-lectures are usually conducted on weekend days, Any individual who fulfills the eligibility requirements of the institute can apply for this course.
|College Name||City||Course name||Course Duration||Course Fee|
|Christ University||Bangalore||M.Sc Strategic Management||2 Years||Rs 47,000|
|Indian Institute of Technology (IIT)||Kanpur||MBA in Strategic Management||2 Years||Rs 2,99,000|
|IFMR GSB||Chennai||MBA in Strategic Management||2 Years||Rs 14, 11,000|
|Institute of Management NIRMA University||Ahmedabad||MBA in Strategic Management||2 Years||Rs 10,04,000|
|Lovely Professional University||Jalandhar||MBA in Strategic Management||2 Years||Rs 4,64,000|
|Internation School of Management Studies||Pune||MBA in Strategic Management & Leadership||2 Years||Rs 3,90,000|
|Amity University||Noida||MBA Competitive Intelligence and Strategic Management||2 Years||Rs 9,90,000|
|Malla Reddy University||Hyderabad||MBA in Strategic Management||2 Years||Rs 1,50,000|
|Osmania University, Department Of Business Management||Hyderabad||MBA in Strategic Management||2 Years||Rs 1,00,000|
|CKD Institute of Management & Technology||Amritsar||MBA in Strategic Management||2 Years||Rs 3,30,000|
A strategic Management course, especially an MBA degree in strategic management makes a candidate eligible to apply for managerial job positions in the companies, It helps them to cater to the broader areas of the market.
The major objective of this course is to enable the candidate to understand every principle of the industry operations, it also builds entrepreneurial skills in them.
After completing the course students can develop the skills like:
After completing an MBA in strategic management or any other certificate or degree-level course in Strategic management, a candidate can apply for various job roles in India.
Some of the most popular job roles are given below:
|Job Profile||Average Salary|
|Business Development Coordinator||Rs 5.97 L.P.A|
|Business Development Manager||Rs 6 L.P.A|
|Strategy Manager||Rs 14.06 L.P.A|
|Business Analyst||Rs 6.06 L.P.A|
|Marketing Consultant||Rs 6.87 L.P.A|
|Strategic Planning Manager||Rs 10.5 L.P.A|
|Consumer Insight Analyst||Rs 7.3 L.P.A|
|Project Management Coordinator||Rs 4.5 L.P.A|
|Product Strategist||Rs 7.01 L.P.A|
|Category Planner||Rs 7.03 L.P.A|
This course gives you knowledge and insights into corporate operations, risks, and solutions. This course develops problem-solving skills and leadership skills in the students. If you want to work in a corporate house as a valued employee then this course will help you a lot. In such cases, We suggest you pursue a professional degree course in strategic management.
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