List of Top 10 MBA Specializations: Which One to Choose?

MBA with a specialization opens up more career avenues than General MBA. If you have an MBA specialization, you will be more in demand for a specific domain or field. This increase your value in the job market. Take a look at the top 10 MBA specializations and know all about them below.
Top MBA Specializations in India - In today's competitive world an MBA degree is almost mandatory for a career in corporate. To have an edge over everyone, you need to have distinct skills and specialized training. So, when you select an MBA course, opt for an MBA specialization to stand a better chance in the job market. Earning an MBA degree in a specific field gives a competitive edge by equipping the individual with the latest skill, training and knowledge of a specialised field, thereby increasing better career growth and opportunities. Which is why today various management degree, diploma and certification courses are being launched in niche and emerging fields. The MBA/PGDM degree too is imparted in various specializations. Specialization is available in all types of MBA courses - fiull-time, part-time, online, executive and distance learning modes. Here are some interesting facts about MBA specializations.
- MBA Specialization: Highlights
- What is MBA Specialization?
- Top MBA Specializations in India
- How to Choose an MBA Specialization?
- Top MBA Specializations in India: An Overview
- 1. MBA in Finance
- 2. MBA in Marketing
- 3. MBA in Information Technology (IT)
- 4. MBA in International Business
- 5. MBA in Operations Management
- 6. MBA in Leadership
- 7. MBA in Strategy
- 8. MBA in Entrepreneurship
- 9. MBA in Innovation
- 10. MBA in Corporate Social Responsibility
- Other MBA specializations offered by B-schools
- FAQs on MBA Specializations
MBA Specialization: Highlights
- There are over 30 MBA specializations being offered by management institutes in India.
- Traditionally, Finance, Marketing, International Management, Human Resources, IT/Systems, Operations Management and Entrepreneurship have been the most sought-after MBA specializations. They are considered the safest career options by most students.
- However, with time and advent of technology, business needs are changing. Business schools and students are moving towards upcoming MBA specializations such as Business Analytics, Data Science, IT Management, Global MBA, etc.
- MBA courses in niche areas such as Health Care Management, Communications Management, Innovation, Hospitality and Tourism, Sports, Fashion, AgriBusiness are also gaining immense popularity.
- One must understand the various MBA branches (or MBA specializations) to make the right career choice. To choose an MBA specialization, stundents must evaluate their interest, aptitude and skills.
Also Read:
Top 5 MBA specializations in India
14 lesser known MBA specializations you should definitely know about
What is MBA Specialization?
A business or organisation has multiple functions and departments. During an MBA programme, the business schools allow students to take up more courses and assignments in a certain area/domain such as Marketing, Human Resources, Finance, etc. as a part of their elective course. When the student successfully completes these set of elective courses devoted to a certain area, he/she is awarded an MBA degree with specialization in that particular area. It helps the students get a job in the area of expertise.
Top MBA Specializations in India
Given below are the top MBA specializations in India. You can go through the MBA specializations list in India and then read about each one of them in detail further below.
- MBA in Finance
- MBA in Marketing
- MBA in Information Technology
- MBA in International Business
- MBA in Operations Management
- MBA in Leadership
- MBA in Strategy
- MBA in Entrepreneurship
- MBA in Innovation
- MBA in CSR
How to Choose an MBA Specialization?
MBA aspirants can choose to pursue MBA General course or take up a specialization of their choice in the said programme. But it is very important to choose the right specialization as this decision can make or break your career. When choosing an MBA specialization, candidates must first go through the MBA course list and details, provided by the colleges. After that, they must take into consideration the following:
- Career scope of the specialisation/ placements/ internship opportunities
- Long term career goal
- Reputation of the institute faculty in the specialisation of your choice
- Pedagogy of the specialisation of your choice
- Infrastructure of the college for specialisation of your choice
- Course fee and Return on Investment (ROI) of the programme
Check CAT Cutoffs and predict calls from IIMs and other Top MBA Colleges, whether your CAT score is 70 percentile, 80 percentile or 90 percentile. Check Fees, Placement Reviews, Admission, Shortlist Criteria and eligibility of all MBA Colleges by clicking the link below:
Predict IIM & Non IIM CallsTop MBA Specializations in India: An Overview
1. MBA in Finance
Finance is one of the most sought after MBA specializations that focuses on management accounting and control, the Indian capital and money market, banking, privatization and international finance. After completing a degree in MBA in Finance, one can opt for various jobs in banks, financial consultancies and financial institutions. With MBA in Finance degree in hand, one can also find job opportunities in areas like consumer and investment banking, institutional finance, merchant banking, corporate finance and international finance.
Also Read: Top 10 MBA Finance colleges in India
2. MBA in Marketing
Like MBA in Finance, MBA in Marketing is also very popular among MBA aspirants. MBA in Marketing offers scores of opportunities to aspirants who wish to get in the fast lane of making big bucks. MBA in Marketing requires sharp skills and knowledge in the field of marketing, advertising, and public relations. With an MBA in Sales & Marketing, one can accelerate their entry and progress in the corporate world.
3. MBA in Information Technology (IT)
In recent times, MBA in Information Technology has become very popular in Indian B-Schools. Since we are living in a technologically advanced world where everything is connected to technology, the IT industry needs highly qualified and skilled people to take on the mantle of managing teams and projects. MBA in IT imparts knowledge and skills to future IT managers and also makes them understand various aspects of a project like planning, design, selection, implementation, use and administration of emerging and converging information and communications technologies.
4. MBA in International Business
Nowadays, most companies run their operations globally for which they need skilled and highly educated manpower to manage business operations, management, administration well. An MBA degree in International Business offers an exciting, bright and fast-paced career in global business management. To get through to this field, one must have spectacularly good business sense and ability to settle in a multicultural work environment.
5. MBA in Operations Management
Operations is one of the four pillars of a business enterprise and MBA in Operations, equips the candidate in exactly what all is needed to run a business enterprise efficiently and effectively. MBA in Operations Management includes planning, organizing, controlling and supervising manufacturing processes. This specialisation is ideal for candidates from an engineering background. MBA in Operations is the preferred choice of BTech/BE graduates.
6. MBA in Leadership
MBA in Leadership is gaining popularity. It equips students with interdisciplinary business education and students also gain the essential aspects of leadership needed for success in the business world. This MBA in Leadership programme usually focuses on disciplines like finance, management and marketing and the methods of team building, corporate communication, and conflict resolution.
7. MBA in Strategy
In the past few years, management programmes that specialize in strategy have received a good response from MBA aspirants. MBA in Strategy equips students with strategic thinking required for the effective management of competitive market dynamics. The strategic lessons include industry and environmental analysis, internal analysis and competitive advantage, organizational structure, design and alignment, market evolution and dynamics and so on.
8. MBA in Entrepreneurship
As the name suggests, the MBA in Entrepreneurship is designed for aspirants who wish to become successful entrepreneurs. To ensure the continual development of a company, nowadays, organizations hire specialists for managerial positions who can effectively manage the operations and lead the organization. This programme focuses on business strategies that lead to innovations.
Also Read: Top 10 B-Schools offering MBA in Family and Business Entrepreneurship
9. MBA in Innovation
Innovation is in-built, it cannot be taught. Do you also think this way? It’s time to change your outlook and move forward with the world. The MBA in Innovation specialization provides a strong foundation for future managers and helps them in developing their skills, knowledge, and thinking. To get success in innovation management, one must know how to manage effectively.
10. MBA in Corporate Social Responsibility
As a result of the global economic slowdown, an MBA in Corporate Social Responsibility is increasingly becoming popular these days. It is a unique program that accumulates the teaching and learning in management with state-of-the-art thinking in corporate social responsibility. Students get to study the nature of different organizations, including private, public, and not-for-profit organizations, their management, and the dynamic environment in which they operate.
Other MBA specializations offered by B-schools
Apart from the Top 10 MBA specializations mentioned above, there are several other popular MBA courses and MBA fields, one can explore for a niche career path. Check below MBA course list indicating some of the emering specializations.
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