I am a FYBMM student and want to pursue a career in sports management. Could you please tell me how do I go about it and what is the scope?
Sports management is a fast growing field in India, thanks to our economic growth. Opportunities in this field would be in working with sports management and event management companies to organise sporting events and competitions and becoming agents to represent professional athletes; managing professional sports clubs and teams; working in marketing of sporting goods of leading multinational sports brands; managing sports departments of leading private and government institutions; working for sports TV channels, etc.
Further with the growth of sports leagues ranging from IPL to IBL the demand for sports management professionals in cricket, football, hockey, badminton will be on the increase.
Although, remuneration in this field generally has been on the lower side, that also has been going through a significant change and one will see any upward trend with rising sponsorships and institutional and government support for sports. BMM is a good platform to go into sports management as it nurtures creativity, communication and organisational skills which are essential traits to be successful in this field. Good business acumen would be an added advantage. While doing BMM it would be advantageous to undertake internships in your vacations in the above mentioned sports management openings and determine which would be the right option for you.
Empower yourself with short courses in accounts, finance and marketing. Also do a part time diploma in sports management while doing your BMM, you will have a head start in your career. Postgraduate diplomas in sports management are available at private institutions here. Alternatively one can do a Master’s degree abroad.
I am studying BE (mechanical) and am confused as to should I pursue an MS or MBA. I have a moderate financial issue, but I can manage the money. Please suggest what should I do?
— Deepen Shah
If you have enjoyed studying mechanical engineering and would like to specialise further within this field, then I would recommend that you do an MS first. It will give you a strong foundation for a variety of jobs. Subsequently, you can always top it up with an MBA either online or part time (which at times companies sponsor), or a full time course after 4-5years of work as you will be able to fund it through your work savings.
I am in class XII (commerce). Could you please suggest what specialisation should I take with BCom?
The course content of BCom allows you to explore an exhaustive list of specialisations depending on your interests and your career goals. Most popular amongst the specialisations is chartered accountancy offered by The Institute of Chartered Accountants of India (www.icai.org.in); other options would be a Cost and Management Accountant (CMA) offered by The Institute of Cost Accountants of India (www.icmai.in) or a company secretary (CS) offered by The Institute of Company Secretaries of India (www.icsi.edu).
Lately, students are also looking for other options like Chartered Global Management Accountant (CGMA) offered by Chartered Institute of Management Accountants (www.cimaglobal.com); Certified Management Accountant (CMA) offered by IMA (www.imanet.org) or the Certified Financial Planner (CFP) offered by The Financial Planning Standard Board India (www.fpsbindia.org).
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