MBA and Scope:

Pursuing higher education in Masters of Business Administration or commonly known as MBA has been gaining a lot of popularity among the youth not only in India but also abroad. Despite its immense popularity and recognition, there are only a small percentage of aspirants who are able to land their dream career with satisfying remunerations.

Although aspiring students have numerous scopes and opportunities available to them if they opt for MBA degree programmes, as it can open doors to various related fields.

Top MBA Specializations in India:

MBA degree programme offers numerous courses with specializations in various fields. Candidates have more opportunities in MBA courses such as – PGDM (Post Graduate Diploma in Management), Executive Management, Fellowship in Management, Distance education in MBA, and Online MBA programme.

The latter programmes – Distance and Online MBA – are gaining more popularity, especially for working professionals. Following is the list Top MBA Specializations offered within the MBA degree programme.

Top 5 MBA Specializations –

1. MBA in Sales & Marketing: Marketing is one of the Top MBA Specialization that gives candidates a thorough knowledge and skills in sales and strategy, market research, consumer behaviour, brand management, and advertising. The specialization provides a deep understanding of sales and marketing principles, enabling students to create effective marketing campaigns, analyse market trends, and develop strategies to target customers.
2. MBA in Finance: This specialization offers a broad understanding of various areas of the financial sector and prepares students for careers in Finance. With Finance specialization, candidates can learn on how money flows within organizations and in economy. However, candidates must have very strong skills in Mathematics and Communication & Managerial skills.
3. MBA in IT & Systems: This particular specialization is more beneficial for those students who are well experienced in the IT sector as it will enhance their business and leadership skills. However, those students from the non – IT sector can also pursue this specialization course. This programme mainly focuses on the Management of Information Technology and its integration with Business processes. It combines Business and Technology knowledge to develop skills in managing – IT projects, implementing IT strategies, and leveraging technology for business growth.
4. MBA in International Business: Due to globalization and the usage of advance technology all around the world, countries are bonding more economically today. Therefore, MBA in International Business focuses on topics such as – Foreign trade, foreign policies, investments, imports and exports, and forex risk management.
5. MBA in Operations: This is quite a popular specialization within the MBA program. It focuses on improving efficiency and streamlining processes in order to maximize profit within a company. Pursuing Operations specialization equips individuals with skills such as data processing and project management which are very essential in companies such as amazon, Airbnb, etc.

All these specializations focus on different skills and knowledge, allowing students to develop expertise in their areas of interest and pursue careers in various industries.

Career Opportunities with these Top 5 MBA Specializations:

After pursuing MBA with specializations, aspirants will have vast opportunities in various sectors enabling them in their career growth and development.

1. MBA in Sales & Marketing: Candidates pursuing an MBA with specialization in Sales & Marketing will have career opportunities in – retail, media, banking, etc. with job roles as – Marketing Manager, Brand Manager, Media Planner, Product Manager, Market Research Analyst, Sales Manager and Internet Marketing Manager. The Highest salary offered is around INR 20 LPA (CTC) while the average/lowest salary is INR 2.5 LPA (CTC).
2. MBA in Finance: Candidates pursuing an MBA with specialization in Finance will have career opportunities as – Management Consultants, Cash Managers, Risk & Insurance Managers, Credit Managers, Bankers, Treasurers & Finance Officers, and Controllers (regarding budget reports for agencies and business management). The Highest salary offered is around INR 20 LPA (CTC) while the average/lowest salary offered is INR 4.22 LPA (CTC).
3. MBA in IT & Systems: Candidates pursuing an MBA with specialization in IT & Systems will have career opportunities in – Chief Technology Officer, System Analyst, Business Development Managers, Technical Consultant, and Technical Systems Manager. The Highest salary offered is around INR 13 – 14 LPA (CTC) while the average/lowest salary offered is INR 9 LPA (CTC).
4. MBA in International Business: Candidates pursuing an MBA with specialization in International Business will have career opportunities in – Export Manager, Business Development Managers, International Marketing Managers, Global Business Managers, Investment Banker, and International Business Consultant. The Highest salary is around INR 30 LPA (CTC) while the average/lowest salary offered is INR 6 LPA (CTC).
5. MBA in Operation Management: It is also one of the Top MBA Specializations Candidates pursuing an MBA with specialization in Operations will have career opportunities in – Supply Chain Management, Inventory Control, Service Operation, Production/Manufacturing Managers, Logistics, Quality Control, and Production Planning & Improvement. The Highest salary offered is around INR 16 – 17 LPA (CTC) while the average/lowest salary offered is INR 5.5 – 6 LPA (CTC).

List of Entrance Exams for MBA:

The majority of Management Institutions accepts entrance exams during admission and hence there is no exception for students to get any direct admission for pursuing an MBA. However, in few institutions, direct admission is provided to those candidates who have a valid score in the following entrance exams that are listed below.

Click Here for more entrance exams - exam date, eligibilty, syllabus & more

Future Scopes For MBA:

Individuals pursuing an MBA with various specializations will have a variety of opportunities to work with. An MBA aspirant will never be limited to any particular field; instead one can switch to any other sector as per their choice.

However, the competition is increasing enormously at present due to which landing in a job is equally important as getting an MBA degree. These aspirants are required to improve on their skills such as – critical thinking, logical reasoning, making an impressive resume, finding a good internship, and learning the skills of cracking a job interview.

Conclusion:

An MBA programme in today’s time works like a key factor for the youth who are willing to excel their skills along with their career. This is mostly beneficial for those candidates who are determined to be the great leaders for their organizations.

Thus, this programme helps in transforming an individual who builds the capacity of not only bringing change and enhances thought processes but also widens an individual’s horizons with a broader vision and hence here are the Top 5 MBA Specializations that will shape your Career.

FAQs on MBA Specializations:

Q1. What are the entrance exams required to get an admission for MBA programme?

Ans. Candidates who are willing to pursue an MBA programme must appear in one of the following exams – CAT, XAT, MAT, CMAT, SNAP, NMAT, GMAT, ATMA, etc.

Q2. What are the top 5 MBA specializations offered?

Ans. The top 5 MBA specializations are – IT & Systems, Finance, Sales & Marketing, International Business, and Operation Management.

Q3. What is the salary package offered after pursuing an MBA programme with specializations?

Ans. Usually an MBA employee receives a highest/average salary package between INR 6 LPA to 30 LPA (CTC).

Q4. Why is MBA with specialization important?

Ans. Pursuing MBA with specialization will enhance an individual’s skills such as – critical thinking, analyzing, negotiating, understanding marketing strategies, etc. With these skills and knowledge, an individual can choose to be in a credible career in any sector for a longer period of time.

Q5. Which MBA Specialization is best?

Ans. Each of the specialization under MBA programme has its own demand and equal importance in the industry.