Choosing the best MBA specialization for your future is not an easy task. It’s just like deciding what course to opt after graduation or from where to pursue your MBA degree. It has also been observed in recent times that many management institutes are coming up with highly specialized MBA courses like mba in logistics and supply chain management, Digital Enterprise Management , Hospitality, and Tourism, etc. for a professional career.
Choosing the best MBA specialization in India can also be difficult for the success of MBA aspirants. It becomes a tough choice to make a decision of choosing the best MBA specialization for your future to be well-placed after your MBA. Hence, it is important to know about the best MBA specialization for your future and what kind of subject knowledge or career opportunities the program might help you with. Read on to find out the best MBA specializations in India which are in demand and make the best choice that matches your interest and career aspirations.
Below mentioned are the best MBA specializations in India which are most popular among MBA aspirants:
MBA in Finance
MBA in Finance not only opens opportunities in leading investment banks or securities firms but also helps in developing financial strategies, financial consultancies, strategic planning, managing alliances, and making everyday decisions for monetary management of the company. The management graduates holding an MBA in Finance are offered positions as financial managers, financial analysts, and accounting managers which may also lead them to hold key executive positions as CFO in corporate firms. Working at such leading positions also helps decide which MBA specialization in India is best paid.
MBA in Human Resource Management (HRM)
MBA in Human Resource Management or HR is another most preferred specialization in India among MBA aspirants. HR managers are required in every organization irrespective of its domain. During the course of your MBA in HR, it helps in learning everything from recruitment and selection of talent to payroll and compensation management along with training, development, job analysis and appraisal of the human resources of an organization. While pursuing a management degree, which MBA specialization is best paid should also be considered.
MBA in Marketing
If you’re meant to be a leader with an outgoing and spontaneous personality and can also influence people with your words and actions, then specialization of MBA in marketing is the best choice for you. The dynamic and competitive program of MBA in Marketing offers a fast-paced career full of responsibilities, challenges and growth opportunities. The course demands excellent communication skills, resource mobilization skills and an undying zeal to excel to reach the top executive positions in the field of marketing. If your question is, which MBA specialization is best paid? Then, MBA in Marketing would be one of the top choices.
MBA in Operations
If you’re keen on learning about the various processes and basics of the smooth functioning of companies then choosing an MBA in Operations is an ideal option for you. MBA aspirants majoring in operations learn about the basic production management and development of business processes in an organization. Management graduates holding a degree in MBA in Operations are offered job roles as product managers and technical supervisors. With more experience and knowledge, they are also promoted to more responsible positions as Chief Operating Officers (COOs) and General Managers. The more you are at a senior position more likely you will be getting good pay.
MBA in IT
The digital age we are living in, MBA in Information Technology (IT) or Management Information Systems (MIS) is one of the most important specializations in MBA. If you are a good programmer, have technical skills, and have knowledge of the business domain, you can choose IT as your MBA specialization to hone your career. MBA in IT opens up positions like System Analyst, Technical Systems Manager, Technical Consultant, and Business Development Manager. IT, eCommerce, and related digital industries often offer good placements to MBA IT graduates with decent packages. Indian Professionals with an MBA in IT background help develop Enterprise Resource Planning (ERP) solutions for business development, sales and marketing, accounts, project management, HR, and all other business processes in an organization. These professionals are in demand worldwide and serve as an asset for a Multi-National Company (MNC). The demand for these experts also helps decide which MBA specialization is best paid in India.
Your specialization in MBA basically depends on your personality, skills, career goals, and interests. The most demanded MBA specialization viz Marketing and Finance will always remain on top. Those who prefer to deal with numbers and are comfortable working on the balance sheets may do well with Finance specialization. Those who love to communicate with people, are creative and innovative, and can influence people easily can choose Marketing as their specialization. The other most demanded MBA specialization like MBA in Operations is best for those who have technical or engineering background and love knowing various backend processes where the real action takes place in any organization. Another most demanded MBA specialization of an MBA in Human Resources is for those who have a people’s personality and who can inspire trust and loyalty in employees for the company. Last but not least most demanded MBA specialization is in Information Technology is for those management graduates for whom digitalization is their world and also for them who love computers, gadgets, and the latest technology.
MBA Graduate Program
The MBA graduate program offered by IIMs includes a range of electives in all the major functional areas as discussed above. The MBA graduate program is a two years full-time residential program that equips students to take leadership roles in their professional careers. The courses may vary from IIM to IIM.