Skills for a Career in Business Operations
Business operations managers are top-level executives responsible for overseeing a company’s activities to ensure maximum profit. . Although job description varies from organization to organization, managers build business managing strategies, look after marketing strategies, budgets, and also ensure the satisfaction of the customers.
Most Important Skills
- Should have good communication skills, strong negotiation skills, credible voice, and active listener, detail-oriented, analytical, and detail-oriented.
- Good motivational skills, humble, independent, accountable reliable, should have emotional intelligence.
- Leadership, organizing, empowering, innovative, fast learner, flexible, can influence people and manage multiple skills along with team-building skills.
- The technical skill requires knowledge in Word, Excel, PowerPoint, finance tools, SQL, data analysis, sales tools like Marketo, Salesforce, along with finance tools like Netsuite, QuickBooks, etc.
- Should be aware of confidential, internal, external, integral needs of the customer and should have visionary and strategic mindsets.
- Should be reliable, ambitious, driven, analytical, intellectual, curious, dedicated, consultative, committed, and collaborative, challenge status quo, and embarrass change.
- Capability to resolve conflicts, ability to work with fun, and being humorous thereby capability to handles stress.
- Should be a pragmatic, structured thinker, pivot quickly based on shifting priorities and capability to interact with both management executive and front line employees.
- Experience required:
- Although experience varies on positions, industry experience is always beneficial. Leadership and people management experience is crucial when managing people.
Job Responsibilities
As a specialist in business operations, your daily work and responsibilities include the following:
- Consulting
- Investment banking
- Project and program management
- Corporate Strategy and development
- Finance and Accounting
- Customer service
- Venture capital
- Sales
- Business operation
Average Salary
According to PayScale, the average salary of a Business Operations Manager in India is Rs 1,003,404.
Remuneration at the beginning is ranging from 8000 to 12000.
A mid-career business operation manager who has experienced five to nine years earns a total average compensation of Rs 941,338 based on 62 salaries. A person with experience of 10-19 years takes home earnings of an average remuneration of Rs 1,384,670 based on 119 salaries.
Education requirements
Degree in business management, accounting, math’s or statistics, economics, finance, engineering or computer science and MBA is preferable. These would help understand the processes of finance which are fruitful to run the administration.
In large organizations degree in MBA or Masters of business is preferable. Masters of Business help to develop knowledge in market skills and MBA, candidates would learn about effective communication, advanced finance as well as smart business practices.
Job satisfaction
- Low-stress level in this sector
- Good work-life
- Solid prospects to enhance and scope for high mobility
- Flexibility and high salary
Top Recruiting Companies
Variety of industries that offer operations job roles to MBA graduates. Some of the top recruiting companies where an operations manager can find employment opportunities are as follows:
- Amazon India
- Nike
- Dell
- Apple
- Deloitte Consulting
- Accenture
- McKinsey
- FedEx Corporation
- JP Morgan Chase
Job outlook
This sector is a growing job function performed by these business managers are diverse and are in demand in every organization or company.