Best MBA Specialisations List and Guide on How to Choose

There is a huge variety of MBA specialisations to choose from. Shiksha brings you a list of MBA specialisations which the students can choose from. Read the article below to know more.

MBA specialisation can take the career of an individual up several notches. As the name goes, MBA specialization is the concentration in one particular area of MBA such as Finance, HR, Marketing, etc. There are many specialisations in MBA which the candidates can choose as per their interest and be an expert in that particular field. According to the MBA specialisation that you choose, you will be trained in that field which will align with your future career goals. There are more than 30 MBA specializations offered by the top management institutes in India. 

Master of Business Administration or MBA is a two-year post-graduation programme that offers the aspirants a bag full of job opportunities. Today, many top companies prefer employing people who have an MBA or PGDM degree. If you see yourself in a managerial position in any organisation, then an MBA will bring you a step closer to your dream. If you are already working, then, an MBA degree will open doors to better opportunities.

How to Decide Which MBA Specialisation to Choose?

Usually, students decide what they want to do in their post-graduation by the middle of their final year of graduation. Your interest and your future career goal will help you decide which MBA specialisation you should go for. Despite this, also consider the scope of the specialisation, its market value, personal strengths, the kind of job opportunities it will bring, the internship opportunities that the course will bring, whether your dream institute/college has your preferred specialisation or not, etc. These are a few factors that will determine your choice of specialisation.

Many companies look for candidates whose expertise matches their requirements. This is where MBA specialisation plays an important role. There are many specialisations when it comes to Business Administration. Let’s take a look at the list of MBA specialisations below. 

Best MBA Specialisations in India: Top 5 MBA Specialisations

Check out the best MBA specialisations, and listed down various other MBA specializations offered by B-schools in India:

MBA in Finance

This MBA specialisation is the most popular of all other specialisations. MBA in Finance will prepare the students for managerial-level jobs in the financial sector. MBA finance is regarded as one of the most lucrative careers which can land you in jobs like Investment Banking, Financial Planning, Analyst, Management Consultants, Financial Consultants, etc. Companies like JP Morgan, Goldman Sachs, etc. hire finance management experts. Even the banking sector prefers finance experts.
The course focuses on:

• Accounting
• Investments
• Economies
• Market analysis
• Organizational Behavior
• Quantitative Methods of Management
• Treasury and Risk Management, etc.

*the salary data is taken from ambitionbox.com

Also Read:

• Know the top 10 MBA Finance colleges in India
• Career in MBA Finance: The Challenges and Prospects Ahead

MBA in Human Resources

MBA in HR (Human Resources) is for people who possess good communication skills, are confident and reliable and have strong leadership qualities. A company is made up of its employees or its workforce. MBA in HR focuses on the people. The role of an HR is to manage and maintain the company’s culture, hire the best of the talents, provide training, maintain relations, etc. As we know, HR is one of the most important resources of any organization, an MBA in HR will help you secure jobs with high packages and promise you successful careers. This course can help you get jobs like HR Manager-Talent Acquisition, HR Manager-Training, HR Professor, etc.
Companies such as L’Oreal, Reliance, KPMG, Wipro, etc. hire HR Managers ­­­with good packages but having said that, the scope of MBA in HR is very huge.

*the salary data is taken from ambitionbox.com

MBA in Marketing

MBA in Marketing is another popular MBA specialisation that a lot of students opt for. The students learn market behaviour, advertising concepts and aspects, consumer behaviour, execution of marketing campaigns, etc. In one sentence, an MBA in Marketing teaches students about every aspect of the market. Students who wish to pursue this field of education need to know that an MBA in Marketing requires excellent communication skills, and the candidate should be a pro in building relationships.  

The course focuses on:

• Sales Management
• Marketing Management
• Operations Management
• Branding and Marketing
• Consumer and brand insight strategy, etc. 

An MBA professional with a marketing background is an essential resource for any company. He/she is the backbone of the marketing department of the organization, hence the packages that are provided to them are pretty good. After completing your post-graduation in MBA Marketing you can bag jobs like a sales manager/executive, brand manager, asset manager, market research analyst, product manager, etc. Companies such as Amazon, Apple, Microsoft, McKinsey, Facebook, Citigroup, Walt Disney, etc. hire marketing MBA professionals.

*the salary data is taken from ambitionbox.com

MBA in IT

MBA in IT or Information Technology has become popular in many top B-schools. With ever-increasing and advancing technology, the requirement for IT professionals has increased. A business professional with technical knowledge is highly in demand in today’s world. If you are looking for a career in any e-commerce or internet-based company or an IT company, then MBA in IT is the best option for you. By pursuing this degree, the MBA professional can have an upper hand in the competitive business world.

Companies such as Google, IBM, Dell, Accenture, HCL, Tech Mahindra, etc. hire IT professionals and professionals with knowledge of the business aspects is an added advantage.

*the salary data is taken from ambitionbox.com

MBA in Operation Management

To efficiently run the entire operations of any organization, the firm needs a professional who knows how to run the company’s entire system. MBA in Operation Management includes, strategizing, planning, organizing, supervision and execution to increase efficiency and productivity. An operations manager is hired in a variety of industries like retail, healthcare, technology, manufacturing, etc. Top companies that hire  MBA in Operation Management graduates are Dell, Amazon, Deloitte, Ford, Johnson & Johnson, Wall-Mart, etc.

*the salary data is taken from ambitionbox.com

Also Read: Top MBA/PGDM in Operation Management Colleges in India

Other Upcoming Best MBA Specialisations

Check out some of the other popular MBA specialisations which are slowly gaining prominence:

MBA in Sustainable Development Management

MBA in Sustainable Development Management provides an in-depth knowledge of the concepts of sustainable development and the challenges that come with it along with business growth. The students are trained and taught about environmental safety and how to apply the concepts learned in the functional business areas. The students are taught about green business practices that adhere to sustainable development.  

*the salary data is taken from ambitionbox.com

MBA in Fashion and Luxury Brand Management

If you have a love for fashion and luxury then this specialisation is for you. The fashion industry is an ever-growing and booming industry and hence has a demand for skilled managers with thorough knowledge of luxury brands and fashion. Candidates must have innovative and creative skills along with the right knowledge of fashion and luxury brands if they wish to pursue their careers in the fashion industry.

If you wish to be a part of the fashion world but not as a designer then you must pursue MBA in Fashion and Brand Management.

*the salary data is taken from ambitionbox.com

MBA in Sports Management

As the name suggests, MBA in Sports Management is all about sports. The IPL, The NBA, The NFL, The EPL, etc. are all popular sports leagues and big businesses. An MBA in sports management will bring you to the sports world and teach you how to manage sports organisations. A job in this field will require establishing relations, handling media, organising promotional events, etc.

MBA in Business Analytics

MBA in Business Analytics is an amalgamation of sciences, technologies and art. This course will teach you how to make the best business decisions and handle the analytical processes of the organization for a brighter future of the company. The candidate will be expected to improve the existing business processes of the organisation with making optimum utilization of the resources. Companies like Accenture Analytics, Manthan, AbsoluteData hire Business Analytics professionals.

The course focuses on:

• Data Analytics
• Applied Statistics
• Data Visualization
• Social and Web Analytics, etc.

*the salary data is taken from ambitionbox.com

MBA in Healthcare Management

MBA in Healthcare Management is an apt choice for candidates who have good communication skills, relationship-building skills and excellent knowledge of the health industry. In this MBA specialization, the candidates will be taught about managing various aspects of the healthcare industry. They are hired on the senior level in the healthcare sector. After this, the candidates can get employed in various healthcare institutes and top hospitals.

Also Read: Top MBA/PGDM in Healthcare and Hospital Colleges in India

*the salary data is taken from ambitionbox.com

MBA in Supply Chain Management

Companies which have a huge network of goods and raw materials hire MBA graduates who specialize in Supply Chain Management. The course teaches the students to control and plan the inflow and outflow of products or raw materials to the consumers. The company expects the employee to ensure a smooth flow of materials for the utmost satisfaction of its consumers or customers. Companies such as Snapdeal, Flipkart, Amazon, Reliance, etc. are a few big giants that hire supply chain management graduates.

Also Read: Top MBA/PGDM in Supply Chain Management Colleges in India

*the salary data is taken from payscale.com

MBA in Real Estate Management

This unique MBA specialization imbibes in students the leadership and managerial qualities who aspire to be real estate professionals. The course trains students in managing real estate projects, finance management, cost estimation, and concepts of the real estate market.

The course focuses on:

• Project Management
• Real Estate Economics
• Real Estate Development
• Customer Relationship Management

*the salary data is taken from ambitionbox.com

MBA in Agri-Business   

As the name suggests, Agri-Business MBA specialization focuses on businesses related to agriculture. The course is related to food production, crop distribution and related business areas. The aim of the course is to preserve and conserve agricultural sources, and their commercial operations. All agricultural companies hire MBA graduates of an agri-business background.  
Also Read: Top MBA/PGDM in Agri-business Colleges in India

*the salary data is taken from ambitionbox.com

MBA in Communication & Public Relations

MBA in communications and public relations is one of the upcoming and most popular stream of post-graduation among students. Students who think that they have excellent communication and relationship-building skills should definitely opt for this stream. Companies expect a communications expert to handle the market with his/her excellent communication skills and also ensure that the company’s message is delivered to its target audience in the most effective and efficient way. They are expected to be up-to-date with the current trends and be able to form the best PR strategies.

Also Read: Top 5 colleges offering PR courses in India

*the salary data is taken from ambitionbox.com

MBA in Digital Marketing

With the advent of technology, digital marketing has become one of the most preferred fields for a career. MBA in Digital Marketing trains and grooms students for the new digital era and the use of digital marketing in the corporate world. This course familiarizes students with the various concepts of digital marketing. Many top companies are moving towards the digital world and hence require professionals who have a digital marketing background.

*the salary data is taken from ambitionbox.com

Also Read:

• Top MBA/PGDM in Digital Marketing Colleges in India

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