Today, for holding right qualifications for attractive management positions in corporates and for entrepreneurship, choosing an appropriate stream for doing master’s in business management is crucial. While a wide variety of specialization courses are available with all top B-schools, MBA aspirants tend to get confused while choosing the right one.
However, with so many options available, one should wisely choose the specialization. The aspirants need to evaluate based on the subject knowledge offered, prospects and associated career opportunities in the industry. In this article we will provide you an insight into the five most popular MBA specializations in India which will help you decide the best one for yourself.
1.MBA in Finance
This stream holds the position as the most preferable choice amongst MBA aspirants in India. The course aims at inculcating the basics of finance and planning for students from financial, accounting and non-financial background as well. The management graduates with MBA in Finance are placed as financial analysts who work on financial strategies for the companies, financial managers and accounting managers who prepare financial reports for banks, securities firms and corporates. Laterals with experience can go up their career curve and occupy key executive positions in the companies. They also become eligible to work in different sectors such as investment banking, financial institutions and consultancies.
2.MBA in Marketing
This specialization is another highly sought-after career option by MBA students who aspire to become leaders or already possess leadership skills. Marketing aims at driving the flow of goods and services from the provider to the consumer. This requires excellent communication skills, catering dynamic market needs and remaining competitive. Careers which can be opted after MBA in Marketing include project managers, marketing managers, brand managers etc. The demand for a marketing manager is highly priced and offers fast-paced career growth.
3.MBA in Human Resource
This stream involves training and grooming the students as managers to handle the Human resources/employees of a company. It involves recruitment, selection, motivation and supervision of personnel. The students are trained to handle performance appraisals, training & development, job analysis and employee grievances. MBA aspirants can take up the job as an HR partner, Industrial Relations Manager, and can rise to become even the CEO for corporates.
4.MBA in Information Technology
In the cutting-edge technology world, the IT industry is undoubtedly growing at a booming pace. There is a huge demand for IT managers all over the world and opting an MBA in IT can place you at a prominent position in the IT firms. Aspirants with MBA in IT can be designated as system analysts, information systems manager, technical systems manager and consultants, business analysts, and functional /process consultants.
5.MBA in Operations
A specialization in operations help train the students in production management. Students get to learn the process flow and develop the vendor and inter-departmental relationships. With MBA in Operations, aspirants can become product managers, technical supervisors and may reach key executive positions in a company.
The MBA specializations discussed above are all popular and have the potential to take the aspirants to great heights. However, it is important to keep in mind individual preferences, intellectual capabilities, skills and career goals for a bright future. Good luck!