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5 Tips for Business Students 5 Tips for Business Students

For Students

5 Things You Must Do as a BBA Student

With the increase of privatization & globalization, the obvious outcome is the rapid increase of business activities & influx of mushrooming of business organizations. Then predicting the future youngsters in flock opt for studying BBA followed by MBA & then after a certain time, more than required graduates keep looking for a limited number of jobs. It’s a recognized fact that the number of jobs is always insufficient in comparison with the number of graduates at any given point in time. So, let’s see how BBA students can become worthy ones to be grabbed in the job market.

How You Can Excel as Business Students –

1. Use Web for Discussed Topics

Once the classes are over for the day, it is advised for students that they make a search habit of the contents discussed & learned on the web to find out various examples, uses, limitations & scope of the topics. For example, if “Employee Retention” is taught in the class, then apart from the incidents discussed in the text students should also search on web & collect additional info regarding the “Employee Retention Practice of Employees in Commercial Organizations” – which will only strengthen & validate the classroom learning with enhanced knowledge giving a competitive edge.

2. Skim through the Business Page

The daily newspapers that every home is supplied with contain a section on business activities of both national & international events. That current news is the source of practical knowledge regarding various issues that are covered in the syllabus. For example – each day, this business section has the news coverage on the product launching, opening of the new branch, change in the management practice, changes in the share price of different companies with the explanation which if followed by the BBA students will add value & make them competitive.

3. Connect to the Senior Students & Alumni

With the completion of each semester, students grow one notch higher in terms of knowledge, intelligence & vision. The passed out students who are already absorbed in the job market are the prime points to get updated about the present scenario of the job market for achieving professional success for the running students. Sometimes, there is hesitation or inertia to contact & this is what costs a BBA student much & makes a less informed candidate.

4. Participate in the Workshops

Universities today keep arranging a range of seminars, workshops & various talk shows as well as entrepreneurship fairs to promote club & extracurricular activities. This offers a great chance for the students to collect first-hand information about the running & impacting organizations from where the resource persons are invited to share their thoughts. This habit will make the BBA students more apt to fit in the job market as they start to follow the resource persons on their social media networks.

5. Increase Interdepartmental Communication

An opportunity is something that can come from any source, be it relevant or not. Sometimes, students studying Business Administration should also keep in touch with the students of other departments. Just because subject matters do not match does not mean there can’t be any contact. It is observed that students of other departments like Law or English are looking for business partners from business studies background to start a business, so regular contact with heterogeneous students will lead to opportunities for sure.

Studying BBA is insightful & meaningful if these tips are followed. The main objective is to make study purposeful. Being sincere about time & the surrounding environment helps to make a good outcome of BBA life. It is not only about the study, but it is also about scanning the environment, looking for the change & preparing thyself to get involved in a business environment after completion of the study.

Author:  Abu Md. Abdullah 
Assistant Professor 
Faculty of Business Administration 
Eastern University, Dhaka, Bangladesh.
Email: abdullah@easternuni.edu.bd

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Business Stories

Future of IT in Bangladesh

Information Technology ( IT ) has changed the world in modern days. IT is the special use of computers to store, extract, transmit and manipulate data or information. IT is considered as a subset of Information And Communication Technology. Humans have been storing, extracting, transmitting and manipulating data or information as a written format since Mesopotamia. Modern day technologies have upgraded the system and made unlimited storage. 

Over the last 7 years, the offshore IT market of Bangladesh has grown at a good rate. In fact Bangladesh has already become one of the best places for IT players in recent years. With the ability to operate at least 20-30% lower cost than any other countries of South Asia, Bangladesh gives a large entry-level workforce. 

The IT industry in Bangladesh helps the national economy a lot. This industry not only helps the national economy but also creates a prestigious position in the global market. The domestic market size was US$ 0.9-1.1 billion in 2017. But in 2020 the size is US$ 2.3-2.6 billion and the income is increasing. As a result the government of Bangladesh has given their interest in this sector already. Bangladesh has a large population and they are really interested to work in this sector. On the other hand, the cost of working in Bangladesh is really less than other Asian countries like India, Philippines, Pakistan etc. So the present state of IT industry in Bangladesh is really good. 

An IT based company wants a lot of things and Bangladesh is completing those wants. Supply of electricity is the first basic wants of a company. Bangladesh is producing as much as electricity. So there will be no load shedding in future. Then Bangladesh is connected with SEA-ME-WE 6 fibre cable. So the internet speed is good enough and increasing day by day. An IT company  needs that type of internet speed. 

Bangladesh is a country where anyone can build a business and carry on that. People easily get attached with those products. An IT company produces software, cloud computers, databases etc and people of Bangladesh always accept them properly. So the foreign investors are finding interest in investing in the IT sectors of Bangladesh. As we can see, the future is really bright for the IT sector. 

Moreover the government will make 100% corporate tax exemption till 2024 and 80% VAT exemption on rentals and utilities. The Bangladesh government is setting up 25 high-tech parks and software parks across the country.  The decision ‘50% personal income tax reduction for foreign employees for 3 years’ has given a wide range for the foreigners to work with this country’s people. 

Every year a lot of students are completing their graduation, post-graduation degree and trying their best to get a job. Unfortunately there are not enough job opportunities in Bangladesh. In this case the IT sector  is creating a big space. In an IT company an employer doesn’t need to be physically present. So he/she can work from a long distance. 

Bangladesh is mainly focused in the USA and the UK based IT sectors. Now the situation is changing and other rich European countries are also beneficial for the future of Bangladesh. So Bangladeshi IT companies are searching for the future market for Bangladesh in those countries.  

Bangladesh has limited liabilities but if the people utilizes these properly, the situation will improve. Bangladesh has the potential to play multiple roles in the service delivery portfolios of global companies. Bangladesh can be called a hub for the regional market. As the domestic market is poised  with remarkable growth, the government as well as private sectors will invest a lot in the IT industry in future. So the future of this industry is really on top of the mark. 

Bangladesh offers a compelling blend of quality talent at a lower cost with a risk profile much lower than commonly perceived. The proposition is further accentuated with sensible government support to boost foreign investments. Bangladesh has positioned herself as a strong contender for companies appraising locations for the next wave of cost arbitrage.  There are certain challenges regarding infrastructure, talent adjustability and data protection. However the government and industry have adopted bold measures to assuage their impact and create a harmonious ecosystem for the growth of the IT sector. It is important for companies to consider  Bangladesh to understand the nature of risks that exist and how they compare with other peer emerging locations in order to make an informed decision based on the ability to manage or mitigate such risks.    

Written By

Md. Istiak Ahmed
Faculty Of Business Studies 10th Batch
Department Of Management
Session: 2019-2020
Mawlana Bhashani Science And Technology University, Santosh, Tangail.

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For Job Seekers

Career In Defence Sector For BBA Students In Bangladesh

Defence sector is one of the best career paths for anyone. Here one person will get a high salary as well as respect from society. Bachelor of Business Administration or BBA is a special degree in business studies. This degree can be in accounting, management, marketing, finance etc. A student who has completed his/her education and obtained BBA, he/she has a great chance to work in the defence sector. 

Military forces of Bangladesh (Army, Navy and Air Force) recruit warrant officers who have completed minimum graduation. Police also recruit Sub-inspector who has at least graduated. 

Warrant Officers Of Three Military Forces

The Bangladesh Army, the Bangladesh Navy and the Bangladesh Air Force recruit warrant officers. These warrant officers are like the bridge between ranked officers and the normal army. A student who has obtained his/her BBA can join as the warrant officer. He/she needs to get a high CGPA from any good university in BBA then complete all the formalities. After the training of 1 year, he/she can work as a junior warrant officer. The demand for CGPA is more in the Bangladesh Army, then the Bangladesh Navy and then the Bangladesh Air Force. 

A warrant officer gets a good salary with all the advantages given by the Bangladesh Government. 

Army Education Corps

There are many universities in Bangladesh which are controlled by the army. These universities are for the army as well as the civilians to complete higher education. Like Bangladesh University of Professionals (BUP), Military Institute of Science And Technology (MIST), National Defence College (NDC). Here a lot of BBA students are recruited by the Bangladesh army as a professor. They will get a higher salary than other universities/schools/colleges teachers. This is a great chance for the BBA students. He/she needs to grab a high CGPA and complete all the formalities. Then he/she will become a professor. 

Police

 Bangladesh police’s officer rank starts from SI (sub-inspector). If anyone wants to become an SI, he/she needs to complete graduation. After all the formalities get done, he/she will become an SI. A person who has completed BBA will get a chance here. An SI of police get a good salary with ration. He is respected by all the people of the society. 

NSI

 National security intelligence or NSI is the detective agency under the ministry of the Prime Minister of Bangladesh. The NSI is the leading organized agency of the Government of Bangladesh in the field of internal security, counter-terrorism, counterintelligence and foreign intelligence. NSI is the largest among all the intelligence agencies in Bangladesh, the others being the Directorate General of Forces Intelligence (DGFI), SB, CID, PBI and intelligence directorates of armed and paramilitary forces. In NSI minimum graduation is required. A person who has completed BBA has a high opportunity to work in NSI.    

SP And OC

An SP or Superintendent of Police controls a thana. An OC or Officer In charge also controls a thana. But OC is under SP. Both of them have to complete BCS (Bangladesh Civil Service). After completing BBA one can complete the BCS (Police) and become an OC or ASP and then promoted to SP.       

PBI

 Police bureau of investigation or PBI is the security agency of Bangladesh. This agency is for detecting the higher-ranked officials of Bangladesh. At least a person has to complete graduation. If anyone completed BBA then this will be very grateful. 

CID

Criminal investigation department or CID the detective agency in Bangladesh. When police cannot solve any case then CID take over the case and try to solve that. CID recruits minimum graduated people for becoming a CID officer. So a person who has completed BBA has a high chance to work in this reputed defence sector.    

In the defence sector, these are the fields for a BBA student to work. They will get a high salary as well as respect for the people of Bangladesh through working here.

Written By

Md. Istiak Ahmed
Faculty Of Business Studies 10th Batch
Department Of Management
Session: 2019-2020
Mawlana Bhashani Science And Technology University, Santosh, Tangail.

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