Types of MBA Specializations in Demand Abroad
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Types of MBA Specialisation in Demand Abroad: With different types of MBA courses available in different universities and several specialisations emerging these days, students find themselves lost among a variety of options. Know all about the types of MBA courses and specialisations offered by foreign universities before deciding your MBA stream for studying abroad.
MBA Specializations Abroad: Nowadays every student wants to pursue an MBA programme to give their career a launch pad. However, choosing the right type of MBA and the correct specialisation proves to be a minor hindrance in their application process. With different types of MBA programmes available in different universities and several specialisations emerging these days, students find themselves lost among a variety of options. Also, few MS courses like MS Analytics or MS Management appear as a substitute for an MBA degree. In this article, we will brief you about the best MBA specialization in abroad.
Types of MBA Courses
Let us begin this article by understanding the types of MBA courses abroad. The right MBA programme can make a huge difference in saving your efforts as well as your money. Each foreign university abroad has its own variations of MBA Programmes such as Full-time MBA, Executive MBA, Part-time MBA, Distance MBA Courses, or Online MBA courses. While some of them may offer only one type of MBA Programme, other universities provide the option of choosing between a Full-time and Part-time MBA Programme. The points given below will provide an overview of the different types of MBA programs in abroad:
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1) Full-Time MBA
A full-time MBA is a degree in general management that prepares students with complete knowledge of management and business strategy. In the United States, the duration of a full-time MBA is two years, meanwhile, in most European universities the duration of a full-time MBA is one year. however, some universities in the United States and Europe offer a choice between a year and one-year full-time MBA, but in the United States, students prefer a two-year full-time MBA and students in Europe prefer a year full-time MBA. Universities in other famous countries like New Zealand, France, Ireland, Australia, and Singapore offer either two-year or one-year programmes. Generally, the one-year programme is lighter on the pocket while the two-year programme usually involves compulsory internships or training that add value to your profile.
2) Executive MBA
Executive MBA Programmes aim to enhance the profile of experienced professionals. This type of programme is tailor-made to fulfil the requirements of aspirants who wish to gain leadership and managerial qualities in a short period of time. The programme is designed with a flexible schedule that suits the timings of working professionals. Wharton Business School of the University of Pennsylvania offers an Executive MBA Programme from their San Francisco and Philadelphia campuses.
Executive MBA is for rock star businessmen – prodigies, fast climbers, valuable executives that corporations want to stick onto. Executive MBA gives you the facility to study while working. One of the main advantages of an Executive MBA is that you earn a full salary while pursuing an MBA. Sometimes companies finance Executive MBA programs for their valuable employees and this adds to one more advantage of pursuing an Executive MBA.
3) Part-time MBA
As the name suggests, Part-time MBA Programmes are made for aspirants who want to earn their MBA degree while simultaneously continuing to work their jobs. Without compromising on their work timings, these types of MBA programmes allow the applicants to study part-time, during their free time or whenever they are not working. This generally means an extended duration of course completion. UCLA and UC Berkeley offer a part-time MBA programme called FEMBA (Fully Employed MBA). It has two options: Fast-Track (two and a half years duration) and At-Your-Own-Pace (three years duration) with 80 Units = 44 Core + 36 Electives.
4) Dual MBA
The dual MBA Programme is made for students who wish to pursue an MBA along with an additional master’s specialisation in their respective field. It acts as a dual degree of MBA plus MS or MA, wherein they can pick any major for Master’s studies. Business schools like Kellogg School of Management and Wharton Business School offer dual MBA programmes. Kellogg offers the JD-MBA programme that aims at providing leadership and managerial knowledge along with legal expertise. The programme is three years in duration. Similarly, INSEAD offers the Dual-degree Tsinghua-INSEAD Executive MBA programme or GEMBA (Global Executive MBA) that allows students to choose to study in their Asian Campus in Beijing or Singapore.
5) Distance/Online MBA
Distance MBAs target working professionals who are not able to attend any classes physically. The study mode is through correspondence schools, online classes, lectures, webinars, video calls or even teleconferencing. This type of programme not only offers flexibility in terms of course structure but also in terms of attending classes. Some universities that offer Online MBA courses are the University of Strathclyde, Durham Business School, Warwick Business School, IE Business School, Aberdeen Business School, etc.
How to choose the correct MBA Programme? Read: Choosing between One Year and Two Year MBA programs to know more and clear your doubts.
MBA Specializations Abroad
In this section of the article, we will discuss the best MBA specialization in abroad. After deciding the type of MBA Programme suitable to your needs, choosing the correct specialisation is equally essential. The first year of the MBA curriculum includes general management and basic subjects related to managerial courses. It is only in the final year that you study in-depth about a particular field. This can be either Human Resources, Finance, Marketing, and so on. To choose the right specialisation, first, you need to be aware of all the subject specialisations that are available in that particular university. Here are the various MBA specialisations offered by most of the foreign universities:
- MBA in General Management
- MBA in Marketing
- MBA in Finance
- MBA in Human Resources
- MBA in Entrepreneurship
- MBA in Consulting
- MBA in Information Systems
- MBA in International Business
- MBA in Operations Management
- MBA in Information Technology
- MBA in Supply Chain Management
- MBA in Construction Management
- MBA in Strategic Management
- MBA in Health / Pharmaceuticals / Biotech
- MBA in Hospitality
- MBA in Media/Entertainment/Sports
- MBA in Brand Management/Luxury Management
- MBA in Project Management
Read about the Top MBA Streams in the World to know more about these specialisations. Also, read Which MBA stream to choose after Engineering? if you want to know about the ideal stream for your profile.
MBA Degree Alternatives
Apart from these MBA Programmes, there are various MS and MIS courses that act as a better alternative than an MBA degree. A Master in Management or MIM is another best alternative to an MBA. Several companies in Europe consider MIM as par with the MBA. Depending on your requirements, interests, financial strength, career goals, etc. some MS programmes may be a better option than an MBA degree, such as:
- MIS
- MSc Management
- MSc Organizational Leadership
- MSc Project Management
- MS Management and Marketing
- MS Business Analytics
- MS Finance
- MS Data Science/Analytics
- Chartered Financial Analytics
- MBA/MFA dual degree
Now that students are aware of MBA specializations abroad, it is important for them to research these MBA specializations, and choose according to their interests and career aspirations. For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.
Students must visit our FAQs section to know more about the best MBA specialization in abroad including answers to questions such as, “Which MBA specialization is best paid in abroad?”
Also Read:
| Shiksha Opinion: The better choice for engineering students MBA or MS abroad? | |
| Study Abroad: Difference between MBA and MSc in Management? | Best Alternatives to an MBA Degree |
MBA Specializations Abroad FAQs
Q. Which MBA specialization is best paid in abroad?
A. The best-paying MBA specialisation might vary depending on the nation, sector, and labour market conditions, among other things. Some specialisations do, however, typically give higher pay. For instance, MBA specialisations in the fields of Finance, Consulting, and Technology Management are frequently linked to attractive employment prospects and market-leading pay globally. These areas of expertise are in great demand and can lead to lucrative positions in industries including Investment Banking, Private Equity, Management Consulting, and Technology Firms. It is crucial to remember that wages might also change depending on things like work experience, skill level, and individual performance. Finally, to get a better knowledge, it is advised to examine the labour market and business trends in the particular nation or area you are interested in.
Q. Which are the types of MBA programs in abroad?
A. There are various types of MBA courses available abroad, each catering to different needs and preferences. Some common types of MBA courses offered abroad include:
- Full-time MBA: Students may devote all of their attention to their studies because of the immersive and intensive nature of these programmes. They offer a thorough curriculum and frequently present chances for networking and internships.
- Part-time MBA: Professionals in the workforce who wish to earn their MBA while maintaining their current employment might consider part-time MBA programmes. These courses provide flexible timetables so that students can balance employment and school.
- Executive MBA: EMBA programmes are designed for seasoned professionals who are in positions of leadership. These courses emphasise developing managerial and leadership abilities, and they are frequently provided in a flexible manner so that students can continue working while earning their degrees.
- Online MBA: Students who want the flexibility of online learning can enrol in MBA programmes. Students can study at their own speed with these programmes' convenient online access to lectures and course materials.
- Dual-Degree MBA: Some colleges have dual-degree programmes that allow students to study for an MBA while also pursuing courses in a different field, such as law, engineering, or healthcare. Students can increase their employment choices and develop competence in a variety of disciplines thanks to this.
Q. Which is the best MBA specialization in abroad?
A. Your interests, career objectives, and the most recent job market developments can all influence the ideal MBA specialization overseas. However, some specialties are highly sought after and have bright employment prospects. Due to the prevalence of financial institutions around the world and the possibility of high-paying positions in Investment Banking, Private Equity, and Corporate Finance, Finance is frequently seen as a top choice. Another in-demand specialty is consulting, which offers the chance to collaborate across different industries and address challenging commercial issues. Additionally growing in popularity is Technology Management, which provides opportunities in the IT sector and jobs associated with digital transformation. Additionally, specialized degrees in areas like Marketing, Entrepreneurship, and International Business may present intriguing chances across many industries.
Q. Is it worth pursuing an MBA abroad?
A. The cost of an MBA study abroad may be well worth it. First and foremost, studying abroad gives you the chance to immerse yourself in another culture, expand your horizons, and adopt a global perspective. You are exposed to other viewpoints and business practices, which can help you become more adaptable and develop your cross-cultural communication abilities. Building an international network of classmates and alumni through study abroad also gives you access to international employment prospects and partnerships. A high-quality education is also ensured by the abundance of good MBA programmes offered by well-known universities abroad, which feature top-notch professors and resources. These programmes frequently offer access to project-based learning, internships, and industry connections, all of which can improve your employability and practical skills. Finally, obtaining an MBA overseas can give you a competitive advantage in the employment market.
Q. What are the admission requirements for MBA abroad?
A. Depending on the university and programme you are applying to, there may be different entrance criteria for the various types of MBA courses overseas. A bachelor's degree from an authorised institution is often required for MBA programmes, while some may accept applicants with substantial work experience in place of a degree. A passing grade on a standardised test, such as the GMAT or GRE, which evaluates your readiness for graduate-level business study, is another typical need. A resume summarising your professional experience is usually required, as are essays or a statement of purpose outlining your objectives and driving forces, letters of recommendation, and transcripts from previous academic institutions. As part of the admissions procedure, some colleges could additionally demand an interview.
Q: How can I get admission in the University of Manchester?
The application process at the University of Manchester may vary depending on the course and level of study. However, here is the application process for UG and PG courses:
The Undergraduate Application Process:
Step 1: You can apply through the UCAS common application portal.
Step 2: Go to the website and select the course you are interested in.
Step 3: Ensure you meet the Entry requirements (Academic qualifications, English proficiency, etc.
Step 4: Once you decide on the course, submit documents such as SOP, Transcripts and personal statements.
Check out: tips to improve your SOP.
Step 5: You can track the application's progress through your given credentials by UCAS.
Step 6: Once the applicant submits the application to UCAS, it forwards to the University, and the admission teams carefully analyse the application document.
Step 7: The university will send you an offer letter once selected. Hence keep checking your UCAS portal for your application status.
The Postgraduate application process:
Step 1: Select the postgraduate course you are interested in from the University of Manchester.\
Step 2: Ensure you meet the entry requirements for the chosen program, as they vary depending on the course.
Step 3: Complete the online application by providing your personal information.
Step 4: Upload the required documents, such as Academic transcripts and proof of English language proficiency ( TOEFL/ IELTS). experience in your fields and references (depending on the course). You also may require Two LORs depending on the course.
To make your admission better, check out the following: How Admission Officers Evaluate your application.
Step 5: If your application is successful, you will receive an offer from the University of Manchester.
Q: Is university of West of Scotland good for international students?
The University of the West of Scotland has five modern and diverse campuses in United Kingdom. The University has welcomed more than 3,000 international students which are representing 1/3 of the globe. They also have 130 European partners who are actively in global study and exchange options through the Commonwealth universities programmes. The University also offers study abroad opportunities for UWS who are eligible for the same and also have more than 20 transnational education partners worldwide which helps them deliver UWS Bachelors and Masters Degrees around the world.
Q: What is University of Wales, Trinity Saint famous for?
University of Wales, Trinity Saint (UWTSD) was founded in 2010, is a public institution for higher education and research at multiple locations. It was set up under the 1828 royal charter of Lampeter, the institution was the result of the merger between Trinity University College and the University of Wales. The institution merged with the Swansea Metropolitan University in 2013.
- Top Ranked University: The UWTSD is not ranked by any major ranking body, however as per the university ranking given on the official website of the university, it is ranked among:
- #1st in Wales and UK Top 5 Film Production and Photography
- #1st in Wales and UK Top 5 Fashion and Textiles
- #1st in Wales and UK Top 20 Graphic Design
- #1st in Wales and UK Top 5 Education
- #1st in Wales and UK Top 20 Sports Science
- #1st in Wales and UK Top 20 Mechanical Engineering
- #1st in Wales for Fine Arts
- Variety of Courses: UWTSD offers more than 300 programs at various levels including undergraduate, postgraduate degrees as well as multiple online courses.
- Highly distinguished and learned faculties: the faculty at UWTSD is highly learned and distinguished which enables students to be the best in their field of study.
- High Placements: According to Graduate Outcome data 2019-2020 quoted by the UWTSD, more than 95% of its graduates were found to be employed within 15 Months of graduation. The average salary of a graduate is not explicitly released by UWTSD, however, as per some unofficial sources the average salary of the graduates of UWTSD is approximately INR 30-35L. with the highest salary being reported as high as INR 66.5L for jobs in Financial Services.
Q: What rank is Wolverhampton University in UK?
The University of Wolverhampton is one of the best universities in the United Kingdom. The university is consistently ranked among the best universities nationally and globally. For nearly 200 years, the University of Wolverhampton has been consistently providing a quality of education to students and producing highly skilled graduates. The national rankings of the University of Wolverhampton are given below:
| Ranking Body | Ranking |
|---|---|
| The Guardian University Guide 2024 | #101 |
| The Complete University Guide 2024 | #117 |
Q: Does the University of Essex require IELTS?
International students whose native language is not English must meet the University of Essex English language requirements to get admission. The university accepts IELTS scores as proof of English language proficiency. Mentioned below are the IELTS scores required for UG and PG admission at the university:
English Language Test | Score |
|---|---|
IELTS | Overall score of 5.5 to 8.0 with minimum of 5.5 to 7.5 in each section |
The university also accepts the score of other English language tests such as TOEFL and PTE for admission to undergraduate and graduate programs:
English Language Test | Score |
TOEFL iBT | Overall score of 72 to 114 |
PTE | Overall score of 59 to 84 with minimum of 59 to 80 in each section |
Also read: Required IELTS Score for UK Universities
Q: Why indian students choose to study at Hult International Business School - UK?
Indian students choose to study at Hult International Business School in the UK for several reasons, including its highly ranked programs, global outlook, and career support. Hult offers a range of full-time master’s degrees, immersive bachelor's programs, and MBA options that prepare students to excel in the global job market. The school is the largest and top-ranked global business school, providing students with an incomparable universal outlook. Additionally, Hult's focus on experiential learning, extensive career support, and the opportunity to study at multiple campuses around the world are attractive to Indian students seeking a global business education. Furthermore, the school's emphasis on innovation and meeting the needs of students and employers may also contribute to its appeal to Indian students
Q: How to prepare for UK 10th board exam 2025?
Those who are preparing for the UK Class 10 exam 2025 are recommended to follow the tips below.
- Know the exam pattern
- Make a proper time table as per the syllabus
- Solve previous year question papers
- Make short notes of important formulas and theorems
- Revise regularly
- Figure out weaker areas and learn them well
With proper planning and hard work, students can easily clear the UK 10th board exam.
Q: How to download UK Board 12th date sheet 2024?
Following are the steps to download the UK 12th date sheet 2024.
- Open the Uttarakhand Board's official website at ubse.uk.gov.in
- Click on 'Examination Scheme' available on the homepage
- A new window will appear on the screen containing a link of the UK Board 12th date sheet 2024
- Click the link and download the Uttarakhand 12th date sheet 2024
Aishwarya is a professional Writer currently working as a Study Abroad Expert in the Editorial Team at Shiksha. She has over 5 years of experience and is skilled at creating Online Content with leveraged knowledge i... Read Full Bio
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