Yes, management is considered a profession as it has the following features:
A well-defined body of knowledge: In management, there is a systematic body of knowledge which is an important feature of any profession.
Restricted Entry: You can enter any profession through an examination or degree. In case of management to companies prefer to appoint candidates only with an MBA degree.
Presence of professional associations: In every profession you need to get registered to special associations that are established for that particular profession and very soon it will be mandatory for management also.
Existence of ethical codes: For every profession there is a set of ethics fixed by professional organizations which is to be followed by all the employees and employers of that profession. In case of management, there is a growing emphasis on the ethical behavior of managers.