MBA (Masters of Business Administration) is a two-year program. There may be numerous factors that influence your decision regarding the area you wish to specialize in.
Factors to keep in mind while choosing the specializations:
- Scopes of the specialization: It is advised to choose from the specializations that provide a wider number of scopes. This provides a larger number of career options post MBA.
- The reputation of the Institute: It is always advisable to go for the known institutes or colleges
- Faculty: Highly skilled faculty for the specialization is a must to check.
- ROI of the MBA specialization: It is important to get at least twice the investment made in the program.
Which specialization is best in MBA?
- MBA in Marketing
Marketing is a hard-core front-end job. It offers you a fast-paced career – full of responsibilities, challenges, and growth opportunities.
You need excellent communication skills, resource mobilization skills and an undying zeal to excel to make it to the top-level positions in the field of sales and marketing.
A large chunk of CEO positions in top multinational companies is dominated by people from the Marketing background.
- MBA in Finance
It accounts for around 22% of the post-MBA career choice. The reason for the high influx of MBA grads into the finance stream is the irresistible pay packets.
Financial Analysis forms the basis of strategic planning, managing alliances, and making every-day decisions in management. From mergers to expansion to global financing, MBA in Finance offers you a highly specialized knowledge.
- MBA in Information Technology (IT)
IT Management is the management of all information technology like computer hardware, software, networks, data and data center facilities, and also the staff involved.
It is designed to educate and develop managers who can effectively manage the planning, design, selection, implementation, use, and administration of emerging and converging information and communications technologies.
It can open up positions like System Analyst, Technical Systems Manager, Technical Consultant, and Business Development Manager, Chief Information Officer (CIO) or Chief Technology Officer (CTO).
- MBA in HR Management
A Human Resources Manager is required by all the sectors, whether they are in a boom or gloom. Good communication skills and handling tough situations can take you a long way.
The courses teach you all about recruiting, training, team building, performance updates, employee policy, salary, benefits and increments, employee health and safety as well as staff amenities.
- MBA in Operations
Operations Management requires an eye for minutest details, zero-error efficiency levels, excellent negotiation skills, technical know-how of all the processes, and general idea about manufacturing, sales, and distribution channels.
It opens up career opportunities in the fields of material and supply chain management, quality control, logistics, inventory control, and production planning and improvement.
There would be many specializations available but make sure you choose the right one based on your skill sets. Dig more into each specialization and talk to our education experts.