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Top 10 MBA Specializations: Choices and optionsMaster of Business Management (MBA) is typically a 2 year programme which aims at making a
candidate proficient in all the subjects of management and an expert for one. In first year of MBA
the main focus is on giving students a brief idea about various subjects of management. In the
later part of the first year they are also introduced with the specialized areas.
In the second year, student has to choose one specialization of his/her choice from the variety of
specializations available. This is not applicable if students have taken admission in a specialized
course (sectoral MBA). Choosing a specialization can be a difficult process for students. It is very
important for student to consider their career goals and professional development before
choosing a specialization.
Here are top 10 specializations that strike the chord in MBA
1.Finance
MBA in finance is the oldest form of MBA specialization. It prepares you in various subjects like
costing, budgeting, International finance, Capital Management etc. After studying these subjects
you become specialized in Financial Management which enables you to work in finance
department of any organization. If you want to persue MBA in finance then you must be a
graduate in any stream.
2.Marketing
MBA Marketing is very dynamic and competitive. MBA in marketing helps a student to
understand consumer behavior, market, advertising and many other important fields. One needs
to have excellent communication skills, resource mobilization skills and an undying zeal to excel
in marketing. If you want to persue MBA in Marketing then you must be a graduate in any
stream.
3.Human Recourse (HR)
MBA in HR Management is for those wanting to develop a management career in HR and
strategy. This includes diversity, mergers and acquisitions, labor markets and emerging
economics and international leadership. If you have good communication skills, a charismatic
personality, and are dependable and confident, MBA in HR is for you. Graduate in any stream
can persue MBA in HR.
4.International Business (IB)
The Master of International Business provides an in-depth understanding of the organizational
capabilities required for international operations, including specialized functions such as
international marketing, finance etc. The degree may be thought of as an MBA with a particular
focus on multinational corporations. Admission normally requires an undergraduate degree in
any discipline.
5.Operations
MBA in Operations helps you to deal with Production Management or Shop Floor Management.
You learn how to maintain process flows, develop vendor and inter-departmental
relationships. Most candidates with engineering backgrounds go for MBA Operations, as it gives
them an edge over their peers in product development and designing, and process
optimization. However, graduate in any discipline can persue MBA in operation.
6.Information Technology(IT)
MBA in IT is designed to educate & develop managers who can effectively manage the planning,
design, selection, implementation, usage & administration of emerging and converging
information & communications technologies.
IT graduates play essential roles on the business team, typically designing and implementing
hardware and software solutions to business problems. Graduate in any stream can persue MBA
in IT.
7.Supply Chain Management
MBA in supply chain management is a unique and exciting opportunity in the field of business
management. It includes inventory management, warehousing and transportation of various
materials as required by a client or a company. Supply chain Management can be done by
graduates of any stream.
8.Rural Management
MBA in rural Management is a unique programme that is being offered to fulfill the huge industry
demands for managers skilled in the field of marketing with a focus on rural businesses. There is
immense growth potential in rural markets and increasing realization of this importance to
Corporate and Development Organizations. Any graduate can apply for Rural Management
MBA.
9.Agri Business Management
Agri Business MBA is a upcoming specialization. In this MBA a student learns to manage
companies which process, market, and merchandise agricultural products to consumers. The
student must understand the management, marketing, and finance with an emphasis on
specialized requirements of the agribusiness sector. Any graduate can persue Agri business
Management MBA
10.Health Care Management
An MBA in healthcare covers core business skills and practices. But it focuses on the specific
issues managers may encounter in roles such as hospital administrators, medical practice
managers, insurance-company executives and a wide variety of other roles. Any Graduates can
persue MBA in health care management.