Top 7 Specializations of MBA

MBA (Masters in Business administration) is a post-graduation course in the field of business administration. Besides being considered as one of the most lucrative career options in the present volatile market condition, an MBA degree provides you with various other benefits as well. These are:-

1. A post-graduate degree in business administration helps in developing managerial and leadership skills among students.
2. An MBA, compared to a mere graduate, is in a much better position to survive the rising competition and be a significant part of the corporate world, reason being the practical knowledge and training imparted during the course itself.
3. An MBA degree with specialization provides you with unlimited career options to choose from. One can even start one’s own business with the help of skills gathered during the course.
4. Finally, job stability is perhaps one of the most important incentives behind the rising craze for MBA.

Now let us have a look into the diverse specializations offered by the MBA courses and their future scopes all over India.

MBA in Finance- The branch of management which deals with the financial matters concerning an industry is known as Financial Management. MBAs in finance are in huge demand at present as they play the most important roles in taking major financial decisions regarding investments, allocation of funds, profitable ventures, evaluation of capital and money market, etc. These professionals are mostly employed by the leading public and private sector banks, foreign banks, securities firms and so on with an attractive salary package. An MBA degree with specialization in finance offers an unlimited scope for career advancement as a professional may start his career as a financial analyst, an insurance manager, or a credit manager but with reasonable years of experience can get promoted to the position of a Chief Financial Officer or a Director.

MBA in Human Resources- The branch of management which effectively handles the human resources of an organization that is its employees is known as Human Resource Management. HR managers are in huge demand in the present competitive market. An HR manager takes up the entire responsibility of staffing, starting from conducting interviews, making appointments to imparting trainings and conducting appraisal and follow-up sessions. They have huge scopes in various companies ranging from banks, IT firms to factories and insurance companies.

MBA in Entrepreneurship- This degree is vital for those who want to set up their own businesses or work as CEOs and MDs in prestigious companies. Entrepreneurship Management course trains you in taking important investment decisions, surviving and managing risks and in enhancing your own business.

MBA in Hospitality Management- HM professionals enjoy huge scope all round the globe as senior managers and health administrators due to the excessive rise in healthcare industries, private and public hospitals. It offers you great salary structure provided you have expert knowledge about the concerned industry and the advances being made in this field.

MBA in Communications- This degree enables you to be employed with huge designations in various PR firms, advertisement agencies and channels if you are an expert in communicating and building relations.

MBA in Marketing- If you have a good communication skill, brilliant persuasive power and proper planning capability, MBA in marketing will be the best option for you. Their main job is to study the current market trend and plan accordingly. They use various promotional strategies for effective marketing and profit making. Efficient marketing policy is required in every organization and hence the marketing management offers very demanding and well-paying job prospects.

MBA in Information Technology- This course requires both technical skills and management expertise. It’s a very popular course among IT professionals who want to give a boost to their careers from simple B.Tech engineers to Business Analysts, Project Manager, ERP Consultants, etc.