The present status of hotel industry reveals that India is being considered as a money-spinning destination for hotel chains staring for growth. According to the World Travel and Tourism Council, India is 18th popular business travel destination and in next five years down the line it would in top five. With scarcity of hotel rooms, shortage of trained hotel management professionals, a lot needs to be prepared. With encouragement looming from the Government of India, real estate developers and hoteliers are trying to fabricate new hotels which would further supply and boost the job opportunities for young hotel management graduates.
A primary part of hospitality industry, hotel management has extensive employment opportunities. Additionally, with globalization fast reception with more and more countries; the hotel management industry is beyond doubt fetching global. As hotel chain proprietors are notching new hotels in various big and tiny cities, necessity for trained hotel management professionals is enormous. Even though considered one of the most alluring careers, hotel management stipulates professionals who can keep their cool even in the most taxing circumstances.
There are manifold occupation profiles in hotel management and depend upon the aspirant’s education, work experience, the positions are offered. Nevertheless, in order to work in top level or middle-level management candidates should have a MBA degree in Hospital administration. While some hotels employ graduates directly from universities, some other hotels take into service only trained hotel management graduates.
Course:
The curriculum for an MBA program in hotel management typically includes core business courses Principles of Management, Economics, Statistics, Accounting, Management Information System, Busines Communication, Marketing Management, Human Resource Management and OB. Through program coursework, students add the leadership skills necessary to improve a restaurant’s customer service staff a hotel or increase a resort’s revenues. Coursework can cover topics in ethical management, career planning and research methods. Other specializations in a program may include:
- Customer Service
- Travel Geography
- Hospitality Enterprise
- Room Divisions Management
- Food & Beverage Management
- Hospitality Sales & Marketing
- Hospitality Human Resource Management
- Hospitality Management Information Systems
- Decision-making and leadership
- Corporate managerial finance.
- Event management Event marketing concepts and analysis.
- Tourism issues and strategies.
Eligibility and Duration:
The eligibility criteria for pursuing an MBA in Hotel or Hospitality master’s degree are holding a bachelor’s degree. Students will have to attend an entrance exam such as MAT/CAT/XAT or ATMA to get admitted into this course. The duration for this course is 2 years.
Job Opportunities and Trendy Career choices:
With an MBA in Hospitality Management students might make the grade for positions in a variety of business. Employer can include hotels, resorts and casinos. Possible job titles include event producer, lodging manager, meeting and convention director or director of special events. One can be placed in different categories of hotels ranging from Indian chain of five star properties such as Taj, Oberoi and Welcome group, ITCs to an international chain like Hyatt, Sheraton etc. One can get job in different department i.e. Front Office, House Keeping, Food and Beverage Service and Food Production according to their skill sets and Knowledge and their interest. Hotel management like any other sector is subject to the position of national economy and global economy. When the economy is doing well jobs draw closer a lot in the sector. At present there are more than 2.40 million people working in hotel, catering and allied industry in India and the number is going to be amplified in next couple of years as new hotels are coming up in large numbers in urban and semi-urban areas. Trained hotel management professionals would have advantage over untutored graduates as hotels are not willing to endow in training of recruits rather favors trained ones.
Sponsorship:
The majority of the management institutes offer merit based concessions on fees to eligible candidates. In the same way, some institutes offer discounts to sponsored candidates who come for training. Junior Research Fellowship is also on hand to those candidates who are willing to explore their career in academics. Students looking for external funding can apply for low interest rate loan offered by most of the nationalized banks. Students of all the hotel management institutes which are affiliated with AICTE are eligible to get a loan of Rs 7.50 lakh for studying in India and Rs 15 lakh to study outside India. The low interest rate education loan can be repaid in 5-7 years of duration in equal installments starting one year after the completion of the course.
Compensation:
Pay in hotel management industry diverges depending upon the management institute the candidate passed out from, work experience, skill sets and ability to handle hard-hitting situations. Those who come from top notch management institutes such receive starting salary of Rs 30,000 -35000 or more. Yet again the salary package differs a lot on the size and shape of the employment company. Large hotel chains proffer lucrative remuneration and mollycoddle their employees.
Author is Assistant Professor and Mentor, Career Counselor for MBA students at Post Graduation Department of Management Studies and Research Center, Siddaganga Institute of Technology Tumakuru. Karnataka, India- 572103.)
