While choosing the best specializations in MBA, there are certain factors which should be kept in mind like what was your bachelor’s degree, how handy are you with certain subjects, what is your performance in CAT/MAT/XAT or any other management test you have given, etc? There is enough competition in every field of management whether it would be finance, marketing, HR, ERP or business analytics etc, so no managerial position can be termed as easy or difficult, every field has its own positives and negatives. Marketing and HR is good for those who have great communications skills, Finances are for people who are good at math and calculations, etc. But it’s a fact that management is a huge market and one tends to get confused more often. Many top colleges in cities like Delhi/Pune/Bangalore etc offers one or all specialization programs in their course, but generally there are not all specializations programs offered in a single college. There are over 30 MBA streams being offered by management institutes in India. Among those, Finance, Marketing, International Management, Operations Management are counted amongst the top MBA specializations that new age students opt for.
So, let’s try to answer the big question that is what top MBA specializations to choose from are:-
MBA in Finance is arguably the most popular specializations in MBA, due to its diversified and rich opportunities. Finance focuses on management accounting and control, the Indian capital and money market, banking, privatization and international finance. After completing a degree in MBA in Finance, one can opt for various jobs in banks, financial consultancies and financial institutions. One can also find job opportunities in areas like consumer and investment banking, institutional finance, merchant banking, corporate finance and international finance.
MBA in Marketing is also a very popular specialization among MBA aspirants. MBA in Marketing offers ample opportunities to aspirants who wish to get in the fast lane of making big bucks. MBA in Marketing requires sharp skills and knowledge in the field of marketing, advertising, and public relations. With MBA in sales and marketing, one can accelerate their entry and progress in the corporate world.
- Human Resource Management
MBA in Human Resource Management is for those who are determined to become a part of Human Resource functions and strategies. The HR functions include workforce diversity management, mergers and acquisitions, managing demand and supply of labor markets in emerging economics and international leadership.
- International Business
MBA in International Business course aims to provide an in-depth understanding of the organizational capabilities required for international operations. It aims to impart skills pertaining to specialized functions such as international marketing, finance etc. The degree may be considered as an MBA with a particular focus on multinational corporations. Admission to pursue this course requires an undergraduate degree in any discipline.
- Operations Management
Operations Management focuses on the planning, organizing and supervising of various productions and manufacturing of products or services which the organization is offering. A MBA degree in Operations Management gives you the insights of every aspect in the operations of a business. MBA in operations management makes you skilled in process analysis, productivity, responsiveness, and quality and product enhancements and thereafter you can enter any of these functions of the manufacturing firm, as a professional.
In a MBA in Enterprise Resource Planning you can expect to gain the leadership, management and financial skills required in most MBA programs along with expertise in the principles and use of data analytics — a high-demand skill set in today’s data-driven workforce. The job market is strong for graduates of an MBA program in ERP. You may find a job as a business analyst, financial consultant or resource manager, working in customer support, consulting, service delivery management or sales leadership.
- Information Technology
MBA in Information Technology is designed to educate & develop managers who can effectively manage the planning, design, selection, implementation, usage & administration of emerging and converging information & communications technologies. IT graduates play an essential role in the business team, typically in designing and implementing hardware and software solutions to solve business problems. Graduates in any stream can pursue MBA in IT.
- Agro-Business Management
Agriculture Management is a specialized field, focused on agricultural sciences and its business aspect and its international trade. The Agriculture Management basically deals with crafting mangers in food, agriculture and allied sectors. Food Industry is a key industry in almost every country’s economy, basically agriculture management focuses on increasing and management of exports in food and agro-goods.
- Business Analytics
A manager with business analytics specialization can be a valuable asset, as he would be more genuine with deep understanding of the current market scenarios based on studying past trends which will then lead to better decisions favorable to the company for long term prospects. Business Analytics uses R language for calculation of statistical data by managers or statisticians.
- Petroleum Management
MBA in petroleum management is one of the youngest management specializations. The course focuses on shaping up quality management personnel into the vast petroleum industry; MBA in Petroleum Management was initiated due to the lack of management in the petro-chemical industry. After completing the MBA a person can be employed in many private and government petroleum companies and refineries.
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