Making the decision to select the right MBA specialization is equally difficult and confusing as choosing your career path or deciding which area you’d like to earn the pursue your MBA degree.
Many education institutes have observed that even though MBA institutes are constantly coming with highly specialized programs and courses, for instance, MBA for Sports Management or MBA in Hospitality & Tourism, most Indians are skeptical of their reputation and credibility on jobs.
Here are the top five MBA specifications available in India which are most sought-after for MBA candidates:
- 20Information Technology
- Human Resources
Let’s look at each of these top five MBA specialty areas in India in greater detail. One of the first questions a candidate will ask while selecting the MBA specialty is “Which particularization is the best for MBA for India?
Also, Check out Executive MBA Program in Mumbai.
MBA in Finance
MBA in Finance does not just lead to securities and investment banks but also companies. It can lead to work in the corporate world as well. Finance Managers could become Accounting Managers, who write financial reports for companies or Financial Analysts who concentrate on
Piouy6-=#he development of financial strategies and are accountable for the financial management of the business.
Finance MBA coursework can provide solid preparation to pass the prestigious CPA (Certified Public Accountant) exam or the highly regarded CFA (Chartered Financial Analyst) test.
Students who are pursuing the MBA in Finance may be employed in the following profile:
- Cash Managers
- Managers of Risk and Insurance
- Credit Managers
- Management Consultants
- Investment Banking Associates and later Investment
- Treasury Officers as well as Finance Managers
Controllers (who create budget reports for regulators as well as business management, perform audits, and create strategies for managing cash)
The ‘C’ position”CFO” (or Chief Financial Officer) oversees the accounting and financial functions strategies, policies, and strategies of the business.
MBA in Marketing
The most popular specialty in the world of MBA students in India Marketing is a grueling front-end occupation that is designed to be a leader’s job. MBA Marketing can be an active and competitive program. It requires exceptional communication abilities and skills for mobilizing resources, and a burning desire to succeed to get to the top positions in the fields of marketing and sales.
In the area of financial services as well, the success of products such as credit and loans rely more on their marketing, than their rate of interest and costs. In finance, you might require additional qualifications such as CA as well as CS are essential to moving further. In marketing, it’s the results and experience that matter ” Says Sumit Chadha who is currently pursuing an MBA in Marketing.
If you’re an exuberant and impulsive personality, you could influence others through the way you speak and act and you live life in the moment marketing management may be for you.
MBA in Marketing could lead you to lucrative pay packages for Brand Manager as well as Sales Manager, Project Manager, Marketing Manager Marketing Research Analysts, Regional/Area Manager and eventually, to the post as the Chief Marketing Officer (CMO).
A significant proportion of the CEO posts in top multinational corporations is filled by individuals with a background in Marketing.
To get the best results, enroll in the top B-schools which offer exposure to markets across the world and worldwide marketing techniques.
MBA in Operations
MBA in Operations prepares you to manage Production Management or Shop Floor Management. You will learn to develop and maintain processes in order to establish vendor and inter-departmental relationships, perform ancillary management, and more. to ensure efficient and smooth operations in the business. If you choose Business Operations to ensure smooth and efficient business operations. MBA area of study, you can begin as a Technical Supervisor or Product Manager and eventually rise to the post of CTO (CTO) and General Manager of a business that is in the engineering, manufacturing, and IT fields.
“Operations Management requires a keen focus on the smallest particulars, no-error effectiveness levels, outstanding negotiation skills, the ability to sell the ship in storms while retaining the peace of a competent sea captain, technical knowledge of the various processes that you’re handling, and a general understanding of manufacturing sales, distribution, and manufacturing channels of the business that you are working for. An MBA degree in Operations will help you get the most out of all this and prepares you to face the future” Says Vikas Tripathi who has been Plant Manager for over 10 years.
Business Operations provides a diverse and rapid-paced working environment. Specializations in Operations Management may be further subdivided into
- Processing or manufacturing operations
- Service Operation
Many applicants with engineering backgrounds apply to MBA Operations because it provides them with an edge over their counterparts in the design and development of products intranet and product development as well as process optimization. Businesses also give priority to MBA Operations students with technical or engineering backgrounds for college assignments.
Operations Managers are often promoted to posts such as Plant Manager or Chief Operating Officer (COO) and are involved in analysis, standardization of processes, and forecasting. People who consult can be associated with outsourcing and resource management and customer service as well as manufacturing and pricing optimization and marketing optimization.