Online MBA In IT Management: Complete 2024 Guide

Understanding the Information Technology Industry and its Segments

The Information Technology Industry can be understood as one of the most significant pillars of our nation’s economy. Technology has not only placed itself as one of the most important and irreplaceable sectors but has also significantly contributed to the growth of the other sectors that are interdependent. This industry is majorly concerned with hardware, semiconductor equipment, and the companies that provide internet services. The IT industry has evolved significantly over the past few decades.

There are three main groups that formulate the key industries in the IT sector:

1. Software and services

2. Technology Hardware and equipment

3. Semiconductors and semi-conductor equipment

These are further divided into several other sub-industries and companies operate in each of these sub-industries. The Information Technology sector has become one of the most important sectors for escalating the growth of our nation’s economy. This industry has contributed to the country’s GDP and Public Welfare significantly. The IT industry accounted for 7.5% of India’s GDP in FY23, and it is expected to contribute 10% to India’s GDP by 2025. In a way, India has witnessed an industrial revolution due to the commendable performance of the IT sector primarily because of how it has introduced us to a new phase of growth altogether. With this kind of development, India also dons the label of having the maximum number of internet users with the cheapest internet rates. This is a country where 76 crore Indians can access the internet and related facilities.

India has also proven to be a country that has adapted technology really fast. This project was largely successful due to the government action combined with the innovation in the commercial sectors and an impressive investment over the years not just by the government but even by private entities. The IT sector has undoubtedly made it much easier for us to carry out our day-to-day activities.

Also Read: Online MBA Courses: 2024 Guide

What is IT Management?

IT management refers to the supervision and effective management of an organisation’s information technology systems including its

1. Hardware

2. Software

3. Network

The job is complex in terms of its duties and involves the task of ensuring that the information systems operate seamlessly making it easier for people to work without any hassle. Usually, the Information Technology departments are supervised and guided by the Chief Information Officers or the CIOs. They are the force behind determining the IT strategies and the goals that are set by the business. It is primarily their responsibility to ensure that these goals are implemented.

Key features of IT Management

Here are some key features of IT management:

1. Cloud Computing

2. AI and cognitive computing

3. Analytics

4. IoT

Responsibilities in Information Technology management

Here are the key responsibilities that are involved in this industry:

1. Determining business requirements for IT systems

2. Managing IT budgets and costs

3. Monitoring safety and compliance

4. Controlling system and network security

5. Implementing new software, hardware and data systems

6. Providing technical or help desk support

Colleges that offer Online MBA in Information Technology Management in India

Here is a list of colleges or universities that offer an online MBA in Information Technology Management. The fee chart mentioned here is subject to change according to the university guidelines.

Also Read: Top 10 Online MBA Colleges in India

Career Prospects in Information Technology Management and Their Salary Structure

Here are the career prospects in the field of Information Technology Management. The salary chart mentioned here is subject to change depending on the company, job role, educational qualifications, experience, skills and many other factors.

Related: Career Opportunities After MBA in IT

Syllabus of IT Management 

Recruiters after completing an MBA in Information Technology management

The list of recruiters is mentioned in the table. The salary is subject to change as it depends on various factors such as educational qualifications, experience, skills, job role, designation, location of the recruiter, and other related parameters.

Conclusion

An MBA in Information Technology prepares individuals with the knowledge and expertise that are necessary for the industry and its growth. This degree provides IT professionals with cross-disciplinary exposure that significantly contributes to their understanding of the sector as well as the technology in various organisations and industries. It might sound like the IT sector is a complex industry to be a part of, however, the work entails the core of technical knowledge, combined with management skills that help in manpower, information and communication technologies and much more. As a result, it is one of the most demanding industries for IT professionals.

All the Best!

Frequently Asked Questions

Q.1 Which are the top five recruiters of India that offer jobs in the IT sector?

Here are the top five recruiters:

1. Randstad India

2. Recruitment Agency Mumbai – SutraHR

3. TeamLease Services Ltd

4. ABC Consultants

5. Multi Recruit

Q.2 What are the top 5 skills required for a successful IT management career?

Here are the top five skills you need:

1. Coding

2. Communication

3. Data analysis

4. Cloud computing

5. Machine Learning

Q.3 Which job role is the toughest in the field of Information Technology management? 

IT Project Managers. They play a very important part in planning and executing projects related to software development and require a meticulous eye for detail and an in-depth understanding of network, hardware and software.

Q.4 Do you need an IT background before pursuing an MBA in IT management? 

No, there are no such limitations. You can pursue this degree or any other MBA degree with any other specialisation without following the bachelor’s degree in the same field.

Q.5 Where does India rank in terms of the IT sector?

It is known that  India is the largest exporter of Information Technology. The India ICT market size was estimated at US$ 139.08 billion in 2022 and is expected to reach US$ 161.92 billion in 2023.