Which is the best MBA Specialization in India? Know about various top 7 MBA specializations with the skills required and job opportunities in each of them.
Master of Business Administration (MBA) prepares students for comprehensive training in a wide variety of business disciplines. It communicates a strong theoretical background in business concepts. Knowing the best MBA specialization is the tricky part, which will be discussed throughout the article.
Always keep in mind that the best MBA specialization is different for different students. All it takes are talent and skills to master in a particular field of specialization. Here is the detail on 7 demanding specializations offered in MBA.
Also, Read on MBA Admission
List of Top 7 MBA Specializations in Demand
Choosing the best MBA specialization is mandatory as employers recruit employees based on their specialized skills. The majority of the students are selected from marketing, followed by the finance specialization.
Most students get confused while choosing the best MBA specialization in India. This article explains each specialization offered in MBA to choose the course that best suits one and selects the best MBA college.
Here is the list of the 7 most demanding specializations in MBA in India with the skills required and job opportunities:
- MBA in Finance
- MBA in Marketing
- MBA in Human Resource Management (HRM)
- MBA in Information Technology (IT)
- MBA in International Business (IB)
- MBA in Operation Management
- MBA in Supply Chain Management
MBA in Finance
Finance is one of the most popular and highly opted domains in an MBA. It mainly concentrates on various topics like Costing, Budgeting, International Finance, Capital Management, and so on, making students capable of working in any organization's finance department. The eligibility to choose an MBA in finance is attaining a graduation degree in any stream, but it will be more helpful to choose any commerce courses during graduation.
Many opportunities are waiting for skilled people in the Banking Sector; thus, it is an added boon for the students pursuing MBA in finance. Also, there are opportunities in various other sectors such as Insurance Industry, Investment Funds Industry, Stock exchange, etc.
Skills Required for MBA in Finance
Here are the skills required for students who wish to opt MBA in Finance.
- Good knowledge about the stock market
- Problem-solving skills
- Analytical ability
- Financial reporting
Job Opportunities after MBA in Finance
Here are the job opportunities available for the students after graduating MBA in Finance.
- Accounting Manager
- Cash Managers
- Manager Consultants
- Investment Banking Associates
- Credit Managers & Specialists
- Financial Analyst
- Corporate Controllers
- Finance Officers & Treasurers
- Chief Financial Officers
- Insurance & Risk Managers
- Investment Bankers
- Investing Sales Traders & Associates
Read More on MBA in Finance
MBA in Marketing
It helps a student understand consumer behavior, market behavior, competition analysis, aspects of advertising, and many other crucial skills that help improve the marketing attributes of any product or service. The main requirements to fit into this specialization is excellent communication skills and brainstorming skills. Creativity plays an important role in developing the marketing attributes of a product or service. If one is inspired by any renowned company's marketing strategies or passionate about marketing, one can choose this specialization.
It does have plenty of opportunities for a career as the marketing department is considered the backbone of any organization. They have the basic responsibility of bringing business/profit to the organization. Moreover, there is an enormous level of scope for digital marketing in the upcoming days.
Skills Required for MBA in Marketing
Here are the skills required for a student who wishes to opt MBA in Marketing.
- Communication skills
- Analyzing competition and market
- Strategic thinking
- Brainstorming new ideas
- Teamwork
Job Opportunities after MBA in Marketing
Here are the job opportunities available for the students after graduating MBA in Marketing.
- Brand Manager
- Sales Manager
- Product Manager
- Marketing Manager
- Media Planner
- Market Research Analyst
- Internet Marketing Manager
Read More on MBA in Marketing
MBA in Human Resource Management (HRM)
This specialization is for the students who wish to become part of managing an organization's human resources. The HR representative has widespread functions, from recruiting an employee to the organization to an exit interview when an employee leaves the company. The purpose of the HR representative is to make the optimum use of human resources.
If one possesses good communication skills and has a charismatic personality, one can choose the HRM specialization. However, the MBA program allows students to improve communication skills and confidence through various presentations and debates that they will have to go through in the course period.
As an MBA graduate in HRM, students can get a decent beginning at a mid-management level or as team leaders. The designation in an organization can be in these roles, including Administrative Roles, Specialist Roles, Mid-Level Leadership, Senior Leadership & Executive Roles, and so on.
Skills Required for MBA in Human Resource Management
Here are the skills required for a student who wishes to opt MBA in Human Resource Management.
- Communication skills
- Managerial skills
- Critical thinking
- Ethical approach
Job Opportunities after MBA in Human Resource Management
Here are the job opportunities available for the students after graduating MBA in Human Resource Management.
- HR Generalist
- Staffing Director
- Technical Recruiter
- Compensation Manager
- Employee Relations Manager
- Employment or Placement Manager
- Director of HR Training and Development
- Organizational development and change consultant
Read More on MBA in HRM
MBA in Information Technology (IT)
It is designed to craft managers who can efficiently manage the usage and administration of emerging and converging information & communications technologies. They play an important role in solving business problems by designing and implementing hardware and software solutions. Hence, problem analyzing and solving skills are required to fit into this domain.
MBA in Information Technology (IT) will get one exposure in the following subjects.
- Computer Security
- Management of Information Systems
- Legal and Ethical Business Practices
- Database Management
- Information Technology Infrastructure
- Systems Analysis and Design
- Financial Analysis for Technology Managers
The Bureau of Labor Statistics (BLS) forecasts that computer and information technology occupations will grow by 13% in 10 years, faster than the average growth for all occupations.
Skills Required for MBA in Information Technology(IT)
Here are the skills required for a student who wishes to opt MBA in Information Technology (IT).
- Commercial awareness/market knowledge
- Data analytics
- Accounting skills
- Problem-solving
- Teamwork
Job Opportunities after MBA in Information Technology (IT)
Here are the job opportunities available for the students after graduating MBA in Information Technology (IT).
- Project Manager
- Business Development Manager/Executive
- Marketing Manager
- Corporate Strategy Manager
- Analytics Manager
- System Manager
- Data Processing Manager
- Business Analyst
- IT Manager
- IT Consultant
- IT Director
- Chief Technology Officer
Read More on MBA in IT
MBA in International Business (IB)
It deals with an in-depth understanding of the organizational capabilities required for international operations. It involves teaching specialized functions such as international marketing, finance, and so on. It also increases the chance to travel worldwide; hence adaptability to different environments and cultures is the basic requirement to fit in this domain. One more requirement is a commerce background as it involves international finance, which might be difficult for a student with a non-finance background.
The crucial functions one will have to deal with are Export & Import Management, Foreign Exchange Management, International Finance, International Marketing, International Logistics, etc. Almost every organization is in a phase to extend their business to international standards, and there is plenty of career opportunities.
The designations offered include Management Analyst, Administrative Service Manager, Chief Executive Officer, and so on.
Skills Required for MBA in International Business (IB)
Here are the skills required for a student who wishes to opt MBA in International Business (IB).
- Leadership skills
- Communication skills
- Management skills
- International trade basics
- International law
- Accounting skills
Job Opportunities after MBA in International Business (IB)
Here are the job opportunities available for the students after graduating MBA in International Business (IB).
- Risk Management Director
- Corporate Auditing Director
- Real Estate Development Manager
- Marketing and Sales Director
- Government Affairs Director
- Business Development Manager
- Supply Chain Management Director
- Business Analytics Manager
- Information Security Director
- Chief Executive Officer
Read More on MBA in IB
MBA in Operation Management
It deals with the understanding of the Production Management or Shop Floor Management related functions of an organization. Through this specialization, students will learn to maintain process flows, develop vendor and inter-departmental relationships. This domain best suits the students with an engineering background as it deals with product development and designing, and process optimization.
The suitable designations are Operations Managers, Logistics Engineers, and Quality Analyst.
Skills Required for MBA in Operation Management
Here are the skills required for a student who wishes to opt MBA in Operation Management.
- Conflict Management
- Business Negotiation
- Decision-Making
- People Management
- Data Processing Skills
Job Opportunity after MBA in Operations Management
Here are the job opportunities available for the students after graduating MBA in Operation Management.
- Operations Manager
- Plant Manager
- Process Managers
- Supply Chain Program Manager
- General Operations Manager
- Area Operations Manager
- Inventory Control Manager
- Technical Operations Manager
- Operations Management Engineer
Read More on MBA in Operations Management
MBA in Supply Chain Management
It deals with inventory management, warehousing, and shipment of various materials required by the company. It involves logistics & Transportation, Supply Chain Models, Supply Chain Management, Global Supply Chain Management, Supply Chain Strategy, etc.
The job designations are Facility Manager, Distribution Manager, Warehouse Manager, Supply Chain Manager, etc.
Skills Required for MBA in Supply Chain Management
Here are the skills required for a student who wishes to opt MBA in Supply Chain Management.
- Domain knowledge
- Negotiation skills
- Follow up skills
- Analytical skills
- Judgment and decision-making skills
- Teamwork
Job Opportunities after MBA in Supply Chain Management
Here are the job opportunities available for the students after graduating MBA in Supply Chain Management.
- Logistic Manager
- Supply Chain Manager
- Logistic Coordinator
- Supply Chain Analyst
- Supply Chain Planner
- Commercial Manager
- Operations Manager
- Purchasing Manager
- Business Manager
Read More on MBA in Supply Chain Management
What are the Benefits of Studying for an MBA?
Confidence: It boosts confidence in terms of everything as it is involved with giving several presentations, group discussions, debuts, and many things. It will also build one's confidence to express oneself and, more importantly, express oner views to everyone, which is very important in developing a business.
Dealing with People: As a manager or team leader, one must deal with many people to share insight and get the work done. It is very hard without knowing the art of dealing with people. These skills are not taught, but the MBA curriculum makes sure students acquire the skills.
Business Functions: Even though students are required to concentrate or specialize in any particular field like Marketing, HR, Finance, etc., one can get an overview of everything a business deals with. It ensures efficient handling of a position that requires insights about almost everything in a business. Likewise, it also helps improves entrepreneurship skills.
Career Advancement: Be it in terms of promotion, designation, or a salary hike. One becomes a part of management and thereby learning how to make decisions correctly.
Adaptability: As a manager or even as a new joiner in a company, one will have to deal with different people and scenarios. So the capability to tackle different situations and adapt to the dynamic environment is what one learns from the MBA.
High in Demand: It is easy to find a suitable job in any renowned company or promising startup. It not only gives a high salary but also increases job security.
Degree Specializations: Specializing in any particular field will give relevant knowledge required in the specific area, directly implementing it in the workspace. It is also beneficial for employers to sort out candidates with their requirements perfectly.
