MBA specialization provide MBA candidates with an opportunity to specialize in a particular business function. Candidates can accelerate their career development in a particular aspect of business with the help of MBA specializations. Therefore, along with selecting the best MBA course, candidates should also select the best MBA specialization to maximize the benefits of the degree.
Importance of MBA specializations
Master’s degrees in business administration (MBAs) are recognized internationally. These degrees help students develop essential skills for careers in business and management. MBA graduates can pursue a wide range of opportunities. Besides the private sector, one can obtain a management position in many government agencies. MBA courses typically allow students to choose a primary subject, such as marketing, finance, human resource management, and supply chain management.
MBA courses cannot be compared as the course you choose depends on the kind of specialization you want. It is also possible to study a secondary subject depending on their interests. Some of the top universities that offer MBA programs require their students to have two years of work experience. Nevertheless, in India that criterion is not mandatory, and you can pursue an MBA degree immediately after completing your undergraduate studies by taking qualifying exams such as the CAT, XAT, MAT, SNAP, etc.
Here’s an article on MBA abroad vs MBA India.
Below you will find a list of some of the most commonly offered MBA courses.
MBA in Finance –
Students with a finance MBA can gain knowledge in a variety of areas within the industry, including banking, taxation, tax planning, insurance, stock markets and international finance. If you get an MBA in finance, you will be able to find high paying roles such as insurance manager, accounting manager, financial analyst, financial advisor, and more.
Students who are interested in numbers should take this course, as it mainly emphasizes the subjects of banking, accounting, economics, statistics, and similar subjects related to mathematics. Finance is everywhere, and it keeps evolving into new forms. The MBA in finance has one of the largest scopes. Students will be able to comprehend how finances work around them at the end of the course.
As a result of this course, students will also understand banking, insurance, economics, and accounting. This course requires that you have a career goal in mind since MBA doesn’t give you career options off the top of your head and you’ll need to work your way through. If you have a finance MBA degree, you will definitely have an advantage over students who do not have such a degree, but you will not be guaranteed a job.
MBA in Marketing –
It is another of the very popular MBA specialties in recent years. 10 years ago, no one would have thought of an MBA in marketing as valuable.
In recent years, a marketing MBA has proven to be one of the most valued degrees globally. It is one of the best MBA courses available in India. The course teaches you about consumer behaviour and the field of marketing as well as how to deepen your knowledge of it. Currently marketing is taking over the world. Marketing is everywhere in the form of digital marketing, e- marketing, social media marketing and various other online modes of marketing.
This course will allow you to apply the skills you learn in class to real-world situations. In this course, you will gain insight into consumer behaviour that is reflected in marketing and examine the possibilities. These possibilities may include business managers, consultants, or other options like starting your own business or managing industries.
Since you don’t have to be an expert in any subject to do the MBA in marketing, it’s easier than the other courses. The only requirement to understand marketing in depth is to work hard. For you to pursue a degree in marketing, you only need a general interest in the field.
MBA in HR –
You will learn how to manage the workforce in an organization in this MBA specialization. Human resources professionals ensure the organization has a positive work culture, hires the best candidates, and retains them. It is also necessary that they be able to resolve conflicts in the office environment and ensure the smooth functioning of the teams.
HR representatives play a crucial role in the company’s growth and the well-being of the employees within the organization. It is becoming more popular to be a human resources manager in all industries since every field requires HR management. As a result, there are more and more HR positions available.
A degree in human resource will also allow them to get the role of a senior manager. If you enjoy dealing with people and are friendly and outgoing, you will fit well in this role. Good communication skills are a must for this position. Being confident and assertive will help you become a strong human resources representative.
MBA in Operations –
You learn to manage, oversee, and ensure the smooth operation of business functions while producing the desired results with an MBA in Operations. PODS CORP conducts its operations by planning, organizing, directing, controlling, coordinating, and cooperating. For example, a marketer, salesperson, and supply chain manager work together as an operations manager. As you will need to interact regularly with different departments in this course, you should possess leadership abilities and be able to lead effectively.
Obtaining an MBA in Business Analytics is basically a way to learn how to create business plans and strategies to meet the company’s future goals. By using business analytics, you can lower the cost of production and maximize profits, improve customer relationships, and much more for your organization. If you want to get into an MBA program, you will need to pass an entrance exam such as the CAT, GMAT, MAT, etc. An analyst earns over Rs 8 lakh per year.
MBA in Entrepreneurship–
Students pursuing this MBA specialization gain the skills and knowledge to develop their networks to be successful entrepreneurs. A student needs to be proactive, innovative, and decisive and can take risks to be successful. CAT, GMAT, MAT, etc. are some of the entrance exams you need to pass to get into an MBA program.
MBA in Sports Management –
It is a dream job for sports lovers. You will have the opportunity to interact with sportspersons from various sports, especially football, soccer, cricket, and more and be responsible for sponsorships, advertising, finances, event planning, etc. To be successful in the field of sports management, one needs to be passionate about sports and have good time management skills, stamina, energy, physical fitness, and patience.
MBA in Telecom –
During this MBA specialization, students study the workings of the telecom industry and its management. Additionally, the course teaches students leadership skills that will help them manage the industry’s operations, regulation, and finances. If you want to enroll in an MBA course, you’ll need to pass some entrance exams like the CAT, GMAT, MAT, etc. In addition, for this career option to succeed, students must also possess the skills of logical thinking, communication, and goal and research orientation.
MBA in NGO Management –
A career in this field would be perfect for students with a passion for social work or those who want to work for an NGO. NGO workers will gain managerial skills from this course. To be an effective NGO general manager, students need to have good communication skills, logical thinking, and creative thinking. They should also have experience working at an NGO. Managers are responsible for setting and achieving the NGO’s goals and objectives, while supervising their attainment.
MBA in Transport and Logistics –
The topics of supply chain analytics, purchasing, warehousing, inventory management, and warehousing are taught to students in the MBA stream to help the transport manager plan and manage growth of the quality of goods in the industry. Health care, apparel, and fast-moving consumer goods industries are all possible career paths. For admission to an MBA program, you must pass an entrance exam such as CAT, GMAT, MAT etc. For a student to succeed in this line of business, other skills such as leadership, communication, IT, commercial awareness, and others are also essential.
MBA in Disaster Management –
Disaster management can ensure the safety of people in a disaster. By taking this course, students will learn how to deal with emergency situations so that damage is minimized. In an emergency situation, you need to think strategically and logically to make the right decisions quickly.
Therefore, students must possess strong leadership skills, excellent communication skills, be able to make quick decisions, be logical and aware of their surroundings at all times. There are many government agencies, private companies, and nongovernmental organizations that hire professionals in disaster management.
MBA in Public Policy –
Students in this MBA stream learn how to use their managerial skills and innovations in public management, economic analysis, and policy-making skills to influence public policies.
Students can become a policy analyst, social entrepreneur, or welfare officer. Additionally, they should possess leadership skills, logical thinking processes, and innovative abilities.
To get in to an MBA course, you have to pass the entrance exams such as the CAT, GMAT, MAT, etc.
MBA in Hotel Management–
Hotel, resort, and guest house administration is the focus of this MBA specialization. Hotel managers are responsible for treating hotel staff equally and fairly. However, Customer service is the primary goal in the hotel industry, and the manager has to ensure it.
Applicants for the MBA program must pass the CAT or MAT entrance exam. A bachelor’s degree in any subject is acceptable, as long as you pass the entrance exams. Student should have good communication skills, leadership qualities, and be friendly with customers.
MBA in International Business –
The import and export industries are covered in this MBA specialization, along with currency fluctuations and marketing their products. You can study this course even after you have completed other courses, such as a MA or MCOM. To enter an MBA program, you need to pass the entrance exams such as CAT, GMAT, MAT, etc. After completing this course, the students can work in a company’s international department or its import a
Top Best MBA Colleges List in Delhi 2022-2023
- Faculty of Management Studies
- Lal Bahadur Shastri Institute of Management
- Indian Institute of Foreign Trade
- Delhi School of Professional Studies and Research
- Jagran Institute of Management Institute
- ICFAIAN business School
- Birla Institute of Management and Technology
- Department of Management IIT-Delhi
Hopefully, all of the above information will help you make the right choice for your MBA specialization. However, if you are still unsure of your MBA specialization. You can contact Divi Educare, one of the best education consultancy for MBA. They will provide you with step-by-step guidance during the MBA admissions process.