14 MBA Specialisations You Should Definitely Know About

If you are planning a career in management, here are 14 MBA specialisations you should definitely know about.

You are preparing for MBA entrance exams and have everything planned for your life as an MBA student and career thereafter. So what is your plan? To go off the beaten path or do something different? If you have thought of doing something different after in your career, then we can help you plan.

While most of the students opt for popular MBA/PGDM streams like Finance, Marketing, Human Resource and Operations, there are many more streams which can lead to a lucrative career. There are various lesser known established as well as upcoming fields where there’s a huge demand for MBA graduates.

We have listed below 14 MBA specializations you should definitely know about:

Let’s discuss these 14 MBA specializations in detail

MBA in Family Business Management

Family Business is one of the oldest forms of business and represents a major chunk of all businesses. About fifty percent of jobs fall into this category. In India, some of the biggest business houses are family businesses being run for decades by family members.

In a rapidly, growing economy and competitive atmosphere, it has become imperative to acquire latest managerial skills to survive. This course imparts knowledge and skill sets in handling market challenges and creating opportunities unique to the family business.

 MBA in Tourism and Hospitality

In the last decade or two, Tourism and Hospitality sector has risen rapidly to become one of the most popular sectors for generating revenue. With people spending more on travelling, the sector is booming with more opportunities and more business.

MBA in Tourism and Hospitality Management equips an aspirant with knowledge and skill sets specific to the sector. Managerial skills and leadership qualities taught in MBA helps one stand head and shoulders above others in this competitive environment.

MBA in Clinical Research Management

Pharmacy and Clinical Research are highly specialized areas where the demand for managers is always high. Clinical Research as a field determines safety and quality of medications, medical devices, products, treatments and regimes. Hence, the demand for highly skilled and knowledgeable professionals.

The course imparts training in skill sets specific to the industry, like, Pharmacovigilance and Clinical Data Management, and Clinical Research Project Management besides the common management skills like Marketing Management, Financial Management, Operations Management, etc.

MBA in Criminal Justice

A highly specialized job requires highly trained professionals to deal with it. Hence, the need for a specialized MBA in Criminal Justice. This MBA specialization prepares one for the unique challenges of managing people, budget, system, PR in the high-stress environment of criminal justice. The MBA in Criminal Justice also imparts training in handling legal issues, following law enforcement trends, along with leadership qualities, business communication and general management.

MBA in Knowledge Management

Knowledge Management is a relatively new but upcoming branch of management which is grabbing many eyeballs. This branch of management deals with identifying, managing and sharing information assets of an organization like employees’ expertise, database, documents, policies, procedures, etc. Knowledge Management is basically a study of identifying, managing and reusing knowledge and expertise already existing within the organization. The MBA in Knowledge Management teaches the candidate to improve by learning from past experiences.

MBA in Health Management

MBA in Health Management is designed to impart healthcare professionals managerial skills and knowledge to build their expertise in Healthcare sector, which includes healthcare management, health services, clinical information systems management, global healthcare management, and health services administration.

Many healthcare organisations like Fortis and Apollo also offer MBA in Healthcare programmes.

MBA in Oil & Gas

Oil & Gas in one of the most monetarily rewarding industry as it deals with a product that is the basic necessity of everyday life. From cooking to travelling, every aspect of our lives is dependent on oil and gas. With the economy changing its shape every now and then, and posing new challenges regularly, the demand for professionals who understand the industry and are equipped to comprehend and tackle its ever-increasing demands, is high. MBA in Oil & Gas provides just the right training to professionals who aim to make a career in the sector by tapping the fast emerging opportunities there.

MBA in Power and Energy

MBA in Power and Energy is a specialized programme aimed at preparing professionals to handle functional and managerial aspects of Power, Oil & Gas, Renewable Energy and Energy Efficiency and Sustainable Development in a highly specialized way so as to minimize risks and maximize profits. As the world is moving towards solar energy, there is a huge growth potential in MBA in Power Energy.

MBA in Infrastructure

This stream of MBA is designed to train professional to suit the demand of Infrastructure sector. Since, Infrastructure is a global market, the demand for professionals with expertise in the same is high and ever increasing. MBA in Infrastructure imparts technical and management skill sets in areas like conceptualization, planning, design and development, investment, delivery mechanism, client care, stakeholder relations, procurement and marketing, etc.

MBA in Transport & Logistics

A yet another stream of management studies that caters exclusively to a particular industry. MBA in Transport & Logistics, offers technical and management knowledge and skill sets to handle all the aspects of this industry. The students are trained in domestic as well as international supply chain processes.

MBA in Aviation

Aviation industry is a fast growing global industry having high demand for professionals specializing in its various domains, like air transportation, ground handling, cargo, fleet management, passenger facilities, safety, regulations, fueling etc.

MBA in Aviation imparts knowledge and skill sets in developing new and maintaining products and services which provide the traveler value for money. The students are also trained in dealing with complex government regulations and staying abreast with emerging technologies and changing environment of the aerospace industry.

MBA in Real Estate

With urbanization at its peak, real estate industry is currently booming. Opportunities, competition, development- the industry is one of the fastest growing in India as well as globally. And these are only a few reasons as to why MBA in Real Estate will ensure a lucrative career. With corporate houses making a foray in the industry there’s a huge demand for professional who can coordinate all financial and administrative operations.

MBA in Legal Studies

MBA in Legal Studies is the next big thing in the world of business. The programme provides crucial knowledge of understanding the corporate government interface. Given the highly volatile atmosphere and ever vigilant government bodies a graduate in MBA in Legal Studies is better equipped to handling legal issues, foresee hindrances and figure out appropriate solutions vis-à-vis big business decisions.

MBA in Event Management

Event Management as a field is very popular with the youth due to the glitz and glamour associated with it. It is not only glitzy but also provides artistic satisfaction for those who have a creative bent. Be it a small wedding function or a film star’s overseas show, the industry offers a promising opportunity to do what to like and earn from it.

This MBA specialization imparts knowledge and skill sets in conceptualizing events, planning, budgeting, managing, marketing, coordinating, organizing and executing events.

*This article contains lists of some of the MBA institutes offering these specializations. This is by no means an exhaustive list.

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