The task of selecting an MBA specialization is tricky. A lot of things need to be considered while choosing the right MBA specialization. The first question that comes to any aspirant’s mind is which specialty to pursue? Every MBA specialization has scope in case it matches your skills and requirements. If you are a prospective management student, besides MBA Finance, there are several other specialized MBA programs to consider.
Top MBA specializations other than MBA Finance
The students planning to do an MBA must take a CAT, SNAP, XAT, MH CET, NMAT, etc. so that they can gain admission to top B-Schools in India. Some of the popular programs other than MBA Finance include:
1. MBA in Human Resources
Of all the popular MBA programs, MBA in Human Resources is preferred by many business students. The students of HR will get a chance to learn a variety of HR management skills which they can apply later while working in an organization of any industry.
Human Resources is one of the trickiest jobs in the corporate sector. It involves the recruitment and selection, formulating and drafting various policies for the employees, handle grievances, performance, compensation, and many more. They can also develop a cross-cultural working environment through policies and engagement initiatives.
The graduates who choose MBA in HR can become an Industrial Relations Manager, HR Business Partner, HR Talent acquisition Specialist, HR Compensation Manager, etc. In case you have developed excellent communication skills, have an attractive personality, then MBA with HR specialization is suitable for you.
2. MBA in Finance
The business students who want to gain a detailed knowledge of finance choose MBA Finance. This field allows them to explore more extensive career opportunities post completing the course. Many top-level bankers, financial controllers, CFOs, and finance managers are the product of the specialization in finance.
The students doing MBA Finance will study statistics, analytics, accounting & finance, etc. Some of the popular job profiles which can be considered post completing MBA Finance include:
- Cash Managers
- Risk and Insurance Managers
- Credit Managers
- Management Consultants
- Investment Banking Associateslater
- Investment Bankers
- Treasurers and Finance Officers
MBA Finance is for those people who love playing with the numbers and balance sheet, and have high-end analytical skills and love to work back-end. Finance specialization in MBA will help the students to have flourishing careers in various sectors. These include investment banking, merchant banking, financial consultancies, financial institutions, and international finance, among many others.
3. MBA International Business
A specialized MBA course in International Business is best for the business students who want to learn Global Business Processes. After course completion, you can be a part of multinational companies. The students will learn critical skills, which include finance, Strategy, operations, etc. while getting international exposure.
This specialization will help the students to do business with people and organizations across the world. MBA in International Business is perfect for the students who plan to get more extensive international exposure. This MBA program is available with renowned B-Schools.
Some of the job profiles post completing graduation include Business Development Manager, International Business Consultant, International Marketing Manager, Global Business Manager, Investment Banker, among others.
4. MBA in Strategic Management
Another popular specialized MBA field is Strategic Management that offers insight into how successful business decisions are. The students who have chosen this field will learn about business development, consulting, risk management, and planning. These skills are applicable across all industries.
MBA in Strategy opens up gates of many Fortune companies for the graduates in India and abroad as well. Also, many Indian MBA professionals are respected worldwide, so doing an MBA in Strategic Management will help to be a part of multinational companies.
5. MBA in Consultancy Management
Management consulting is another most sought-after skill in the business world. The specialization in MBA Consulting will help the business students to foray into an attractive business world full of opportunities. The consulting graduates are in high demand as they can help the clients to manage their companies more successfully.
6. MBA in Entrepreneurship
The students, who plan to start their business post completing their studies, choose a specialization in Entrepreneurship. You can do a specialized MBA in Entrepreneurship that will give you critical management and business development experience. Thus, your skills and efficiency as an entrepreneur will enhance you greatly.
7. MBA in Marketing
If you want to boost your marketing skills, then consider doing a specialized MBA in Marketing. This specialization will help the students to promote products and services, design and execute marketing campaigns, and establish effective communication with the customers.
Since an MBA in Marketing is a very dynamic and competitive program, so one must develop practical communication skills, resource mobilization skills, and must be dedicated. The graduates with marketing skills are in high demand in all B2C and B2B companies, as they are ones who take charge of generating more revenues.
From Fast Moving Consumer Goods to Consumer Durables, Advertising to Sales & Distribution, and much more, there are endless opportunities for MBA in Marketing graduates. Some of the job profiles post completing an MBA course include:
- Brand Manager
- Project Manager
- Sales Manager
- Marketing Manager
- Market Research Analyst
- Area/Regional Manager
- Chief Marketing Officer (CMO)
8. MBA in Operations & Supply Chain Management
MBA in Operations will allow the graduates to deal with Production and Supply Chain Management or Shop Floor Management. The graduates will learn the ways to maintain the business process flows, develop a stronger relationship with the vendors, promote inter-departmental relationships, get involved in ancillary management, etc. All these steps are aimed at ensuring smooth and efficient business operations.
Specializations in MBA Operations Management aimed at focusing on student’s skills in planning, organizing, and managing production to maximize efficiency. Post completing MBA in Operations Management, the graduates can become Product Manager or Technical Operation Manager. With experience, dedication, and efforts, you can secure a higher position. When you are between the ones who are interested in supply chain management or logistics, then consider getting specializations in Operations Management.
9. MBA in IT or Technology Management
MBA in Information Technology (IT) has recently emerged as one of the essential MBA specializations. The students generally pursue it with an IT background (software engineer or IT graduates). Various job roles like System Analyst, Technical Systems Manager, Technical Consultant, and Business Development Manager, Chief Information Officer, or Chief Technology Officer are available for the MBA IT graduates.
If you want to learn the managing skills of handling the data within companies, between them, and into the world, consider this specialization. In case you are a good programmer, have enhanced technical skills and knowledge of this particular subject, can select Information Technology or IT as their MBA specialization.
So these are some of the popular specializations which can be considered case you are planning to do an MBA besides doing MBA Finance. The MBA specialization which you plan to choose will depend on the individual’s personality, skills, and career goals. Though the traditional fields of Marketing and MBA Finance will always remain popular, additionally there are many other popular MBA fields as well that can be considered.