Business is one of the most popular field of study among students because of its versatility.
You can venture into any industry with a business degree, and if you aspire to lead, then you should consider pursuing a business management degree.
This guide will provide everything you need to know about degree in Business Management course, the best universities in Malaysia to study it, and the career paths are out there.
What is Business Management?
The organisation and coordination of company activities is known as business management.
Business managers monitor operations and support employees in achieving their highest levels of productivity.
Business management involves the most efficient utilisation of the firm’s resources.
It includes organising, planning, leading, staffing, managing, and directing a business operation in order to achieve the company’s stated goals.
Why Should You Study Business Management?
Enhance Your Managerial Abilities
One of the most important benefits of pursuing a business management degree is establishing fundamental managerial abilities that will enable you to be a significant contribution to any organisation.
You will learn and acquire skills to adapt to different challenges in the current business and society, allowing you to take multiple factors into account before making decisions.
High Level of Employability
Students who pursue a business management degree will obtain highly desired transferrable skills and excellent business knowledge, both of which future employers value.
You will then be able to choose a specialised field and the path of your career as you advance through your business management degree.
A Taste of the Business World
A business management degree is an excellent way to get your career started if you do not have any prior knowledge.
It will help you learn the fundamentals of management and understand the company better.
It incorporates industry information, including the current market trends, economy outlook, and industry reports
You will be encouraged to apply these theoretical concepts to actual business scenarios, which will help you jumpstart your career after you graduate.
What Are the Business Management Fields?
Human Resource Management
Human resource management deals with the recruitment and administration of an organisation’s personnel.
This involves wages, employment, safety and welfare, benefits, and other areas of employee administration.
Project management is the process of designing, executing, and supervising projects.
Project managers focus on acquiring the tools or expertise required to meet both short- and long-term project needs.
Supply Chain Management
Supply chain management is the control of the flow of raw materials to your company from producers, distributors, or other beginning points.
These raw resources will eventually be used to make the items that your company sells.
The application of strategic thinking to the role of managing an organisation is known as strategic management.
There are many other fields of business management depending upon strategic management, as financial, marketing, and operational strategies usually affect a company’s success.
Finding a good balance between profit and risk is the ultimate goal of financial management in order to make the company successful over the long run.
Planning, directing and organising a company’s accounting, investment, and other financial operations are all part of this form of business management.
What Are the Popular Business Management Pathways?
After earning your SPM or IGCSE/O-Level qualification, you have the option of enrolling in a Foundation in Arts or Business programme for 1 year or a Pre-University (A-Level, SAM, CPU etc.) course for 1-2 years.
The next step for you is to pursue a 3-year Bachelor’s Degree in Business Management programme.
An alternative is to pursue a 2 to 2.5 years Diploma in Business Management.
After completing your Diploma in Business Management, you have the option of going into the workforce or continuing on to a Bachelor’s Degree in Business Management (often enrolling from Year 2 onwards).
So what does your pathway look like?
Diploma in Business Management
To qualify for a diploma course, you only need to have 3 credits in SPM/O-Level, including a pass in Bahasa Melayu and History and a credit in English.
Diploma courses usually take between 2 to 2.5 years to complete and cost from RM 28,000.
You can enter the workforce immediately after graduation.
Bachelor’s Degree in Business Management
For degree courses, you will need to have 5 credits in SPM/O-Level qualification, including Bahasa Melayu and History, and the following pre-university course:
- STPM: min. 2Cs
- A-Level: min. 2Es
- AUSMAT/SACE: min. ATAR 55
- Relevant Foundation: min. CGPA of 2.00
- Relevant Diploma: min. CGPA of 2.00
A pre-university course can take up to 2 years to complete and cost from RM 20,000.
Once you’ve completed your pre-university course, you can then move on to the degree course.
Degree courses take 3 years to complete and cost from RM 34,000.
Diploma students who want to continue their studies can do so with a degree course and they begin in Year 2.
Different universities may have varying entry requirements. Feel free to contact us for more information!
What Are the Skills Required in Business Management?
The Ability to Manage and Lead
Having a strong foundation in business management knowledge will equip you for your future career progression.
Even if you are not in charge of leading a team of individuals, management and leadership abilities are still useful.
Planning, organising, regulating resources, and also managing change in an organisation are all management concepts that you must know.
The ability to think critically is one of the most crucial abilities needed for business management.
You will always encounter difficult problems in corporate settings, and solving those problems require thorough consideration and careful decision making.
You’ll need to be able to come up with questions that encourage research and reflection, as well as observe patterns and create connections that will allow you to come up with a solution.
Creative Thinking and Innovation
Innovation and creativity are prevalent in the corporate environment today.
Businesses are searching for fresh approaches to grab the attention of customers and dominate their sectors in which they operate.
Whether it’s a tiny adjustment to a procedure particular to your function or a company-wide breakthrough, being creative and coming up with practical solutions is always a substantial advantage.
Good communication skills are essential in business management.
To have a successful career, you must be able to communicate effectively and professionally in a range of circumstances, including both oral and written communication. The ability to communicate clearly will increase your productivity and that of others.
Top Business Management Universities in Malaysia
Monash University is one of Australia’s top institutions, ranking among the top 100 in the world.
Monash is a part of the Group of Eight, an association of major Australian universities known for their teaching and research expertise.
Its Malaysian campus is located in Bandar Sunway.
- Bachelor of Business and Commerce
UOW Malaysia KDU, with campuses in Selangor and Penang, is part of the global network of the University of Wollongong in Australia.
It has a long history of offering affordable, top-quality higher education to Malaysia and the surrounding areas.
- BA (Hons) Business Management (3+0) With University Of Lincoln, UK
SEGi University and Colleges is one of the largest private higher education providers in Malaysia, with 25,000 students spread across 5 campuses.
SEGi believes in supporting promising minds by delivering a well-rounded learning experience, in creating trust within the community, and in making an impact by doing things differently.
- BA (Hons) Business Management (Major in Business Analytic)
- Bachelor of Business Management (Hons) (3+0) with University of Central Lancashire, UK
- BA (Hons) Business Management (3+0) with University of Greenwich, UK
- BA (Hons.) Business & Marketing Management (3+0) with University of Sunderland, UK
Things You Need to Know About Business Management Career
Keep Investing in Your Own Professional Growth
Being a successful business manager entails having a growth mentality.
Providing professional development to your staff on a regular basis will help you boost current employees’ skill sets and contribute to a positive business culture.
Professional development also guarantees that your workforce is up to date on industry trends, technology advancements, and shifting professional standards.
The fundamentals of business management frequently change over time.
Understanding management principles effectively may also help identify organisational weaknesses and plans for risk management.
Pursue an MBA
Some individuals choose to pursue a master’s degree in order to increase their chances of landing a high-paying job.
It is true that you will likely be one of the top candidates for most business positions available if you have a master’s degree.
One of the most popular options is a Master of Business Administration (MBA).
MBA programmes offer its students networking opportunities as well as new skills.
MBA is ideal for people wishing to change careers or move higher on the leadership ladder.
Plan Your Time
As you climb higher on the corporate ladder, you will notice very quickly that time management skills are essential.
Although people in leadership positions always have busy schedules, they also know to include personal time in it.
A properly managed schedule creates a stable routine not just for you but also for those who work with you.
You’ll be able to balance work and life better as you get better at managing your time.
Popular Business Management related Jobs
Logistics coordinators work in almost every sector, since they examine and organise the supply chain of a company.
Expect an average Base Salary of RM 33,699.
Human Resource Specialist
Human resources professionals recruit, filter, and interview potential hires, as well as arrange newly recruited employees in positions.
They can also be responsible for pay and benefits, training, and employee relations.
Average Base Salary for this position is RM 48,743.
Project Management Specialist
Project management specialists coordinate a project’s budget, timeline, manpower, and other aspects.
For this position, the average base salary is RM 60,000.
Business consultants, also known as management analysts, make recommendations to businesses on how to increase an organisation’s efficiency.
You can expect an average base salary of RM 54,095
Operations managers are in charge of the company’s goods and services production.
They are responsible for several divisions, including buying, warehousing, and production.
An operations manager can earn an average base salary of RM 80,424.