MBA is one of the most sought-after professional courses across the world. It not only makes a student industry-ready but also offers the much-needed insight into the business world. The first year of a two-year degree in MBA is dedicated to providing core knowledge. In this year, students build a strong foundation of the concepts across the management subjects. The second year focuses on the specialisation one has chosen and sharpens the skills of a student in that particular field.
So, whether one opts for an MBA human resource managementor any other specialisation, the decision should only be taken after a thorough research of the market, job options and the compensation. However, from the pool of options choosing the right MBA specialisation that guarantees a successful career is difficult. The right approach is to research about each, for an informed decision.
So, if you are aiming for a degree in MBA, here is a list of most trending specialisations in India that will help you decide which is the best for your personal and professional growth.
MBA in Finance
With a degree in MBA in finance, not only do the doors of security firms and investment banks open but of the corporate world too. The degree holders can become the accounting manager of a firm and go about preparing financial strategy or reports for the company. Whether the company is planning an expansion or a merger, the job of the finance manager plays a vital role in accelerating the success of the company.
MBA in Marketing
The marketing department plays a crucial role in the growth of any organisation. People working in the marketing department are responsible for increasing the business and revenue of the organisation they are associated with. The competition is rising every day and thus has necessitated the need for professionals who can position any brand and its products to the right audience at the right time. With an MBA in marketing degree, one has the chance to explore a wide variety of sectors like media, internet marketing, FMCG and more.
MBA in Human Resource Management
The human resourcedepartment acts as the backbone of any organisation. Their job is to handle recruitment, manage and retain the employees of an organisation in a systematic manner. With a degree in MBA human resource management, one also needs to manage any disputes that may arise between the employees and the management. HR professionals strive hard to maintain a healthy environment of the office while organising various activities like off-sites, seminars and casual get-togethers. In a nutshell, they are the most critical asset of any organisation.
MBA in Entrepreneurship Management
This one is yet another trending MBA specialisation in India. For those who wish to start their own venture (whether big or small), an MBA in Entrepreneurship Management degree will be of great help. This MBA specialisation helps develop the skill set that one requires to run a business successfully and build a professional network. During the course, the mentors especially stress on polishing the leadership, networking, creative and decision-making skills. All these skills are required to become a successful entrepreneur.
MBA in Information Technology (IT)
MBA in Information Technology is an emerging field and extremely beneficial for those who have an IT background. With an MBA in Information Technology degree, one can apply for various positions like Technical Systems Manager, System Analyst, Technical Consultant and reach to a high in their career up to Chief Information Officer (CIO) or Chief Technology Officer (CTO). Furthermore, an MBA in IT also opens up gates of Fortune 500 companies in India and abroad.
Conclusion
One should choose an MBA specialisation that matches their skill set, personality and career goals. However, marketing and finance remain the two most popular choices among MBA aspirants. The advice to all MBA aspirants is to choose a specialisation in which they can have a fruitful career.