The Faculty of Business Studies or FBS in the University of Dhaka is one of a kind in the business studies field, creating the next generation of business leaders.
A flashback in history shows this faculty started its journey with the name of the Department of Commerce under the Faculty of Arts back in 1921; however, it emerged as an independent faculty in 1970 with just two departments: the Department of Management Studies and the Department of Accounting Information Systems.
Currently, there are nine departments under this faculty providing quality education in the global and local business landscape.
Let us take a look at these nine departments and their prospect:
Department of Management
“Management is universal.” This quote symbolises the importance of management in a nutshell. From a small business to a large corporation, management is mandatory for organising the resources and directing the people to achieve a particular goal.
Aiming to create leaders who can manage resources to improve society, this department would be the perfect choice if you want to be a top-notch manager or a leader.
Department of Accounting & Information Systems
Accounting and information system emphasises processing financial and accounting data that are used by decision-makers via collecting and sorting them.
With theoretical concepts and practical techniques for accounting, this department would be your perfect choice if you want to embark on an accounting profession at the managerial level.
Along with other corporate or government professions chartered accountants, cost and management accountants, auditor and teaching etc. are some of the prime careers in this field.
Department of Finance
Speaking of the subject, finance indicates the process of managing, creating, and studying money and investments based on how an organisation sorts out the fund and on which portion it will be invested.
This department would be a perfect match for you if you have an analytical mindset and an enthusiasm for playing with complex financial data.
Unlike most of the financial jobs in the private and government sectors, chartered financial analyst (CFA), financial consultant, investment banker, financial consultant, MNC jobs, banker and teaching job are some of the examples that a graduate from this department can pursue.
Department of Marketing
As Philip Kotler said “Markets always change faster than marketing,” from this quote, we can visualise the fast-paced scenario of marketing in today’s reality.
In today’s tech-based world, marketing not only relies on advertising or promotional activities, but it also focuses on the authenticity of the customer’s need, sustainable development, and the relationship between the stakeholders of the business.
The marketing department creates the next generation of highly professional graduates with skills in data analytics, digital marketing, and digital transformation to create future executives.
If you want to jump into today’s realm of the challenging business world with a creative and analytical mind, this department would be a perfect choice for you offering diverse career opportunities including marketing executive, brand executive, digital marketer, entrepreneur, and other traditional job opportunities too.
Department of Banking and Insurance
Formerly known as the Department of Banking, to create a skilled workforce in the banking and insurance sector, the department rebranded into the Department of Banking and Insurance with a vision to develop the best professionals in the banking, finance, insurance, and financial market industry.
This department capitalises mostly on the study of the money markets, and financial markets and a special focus on the management of banks, financial institutions, and insurance with the fundamental knowledge to get business insight.
If you are considering yourself to be a top-level official of a bank, financial institution, and capital markets or even in the government sector, this department welcomes you to enhance your potential to reach your career path.
Department of Management Information Systems
The world is roaming with tremendous amounts of data, and this data needs proper management and allocation to coordinate and analyse it for making a business decision.
With the help of Management Information Systems or MIS, this type of task can be done easily by gaining an understating of technologies and technology-based systems providing appropriate tools and procedures to the managers for ensuring an effective way of managing business processes firmly.
Combining both Management and IT, this major would be the best choice for those who are interested in both IT and business to make a career within the IT-based business industry.
Department of International Business
Standing at the edge of globalisation where the business panorama is changing every day, it is a must to have a vast knowledge of international trade and commerce.
To provide knowledge in this global business, the Department of International Business was founded to create human resources with strong decision-making abilities and an understanding of diverse and contemporary global affairs.
This department would be suitable for those who want to expand their career path not only in the local region but also in the global forwarding business.
Unlike the local job market, some of the lucrative career prospects for this department that are worthy to mention are Procurement jobs, MNC jobs, export-import oriented jobs, logistics jobs, and so on.
Department of Tourism and Hospitality Management
Our planet Earth is a spectacular place with lots of amazing places to explore and get stunned by the magnificence of those places.
If you love travelling and want to pursue your career in the tourism and hospitality profession then this department would be a perfect option for you since it is one of the growing sectors of the global economy with a need for more qualified officials for this sector.
Apart from academic experience, regular study tours and industrial visits would surely allow the students to see the great views and practical illustrations of the tourism field.
Department of Organisation Strategy and Leadership
We are now moving forward to the fifth industrial revolution, where not only the human labour force but also artificial intelligence and machines collaborate with humans. For organising and streamlining this labour force, proper strategies and leadership are really important.
To create the best leader with knowledge and expertise in strategy & leadership to enhance organisational sustainability and growth, the Department of Organisation Strategy and Leadership was founded to help students learn how to motivate people and mobilise teams, as well as develop and implement short and long-term strategies.
With a focus on strategic management, innovation, entrepreneurship development, organisational leadership, and negation, it would be the finest place for a freshman to explore a plethora of diversification to enrich the next top strategist or leader.
So that wraps up the all departments review and their prospects, hope this article will be worthwhile to every aspirant to find the best major to reach their dream.