Gone are the days when only a few people pursued MBA; today, there are thousands of students getting an MBA every year. Thus, to stay ahead in the competitive times, more and more students are turning towards MBA specializations instead of opting for the generic one.
If you are also planning to pursue MBA, we suggest you pick up a specialization that ensures success in your professional journey. Selection of the perfect specialization is also a difficult task. You need to first chalk out your area of interest and then go on to decide which one suits you the most.
To guide you through this decision, we have listed below the top 5 MBA specializations that will give your career an extra edge. Take a look!
This is considered as one of the most popular MBA branches or specializations. In this course, you will get to learn how to handle the finances of different enterprises. The curriculum comprises of subjects ranging from stock market analysis and foundations in finance to investment banking and risk management. You also get the opportunity to do an internship with top companies like Microsoft, Intel, Amazon, HCL and many more.
Here are some of the roles and career paths you can choose with an MBA in Finance:
- Senior Financial Analyst
- Manager of the Finance Department
- Chief Financial Officer
- Financial Controller or Director
- Real Estate or Insurance-Finance Manager
- Commercial or Investment Banker
If you aim for global opportunities, MBA in International Business is perfect for you. As the name suggests, this specialization equips you with adequate knowledge and trains you in international business.
Some of the topics that are included in its curriculum are Financial Management, Industry Visits, Business Communication & Negotiation Skills, Economic & Management Decisions, International Marketing Management, Global Economic Environment, International Business Strategy, and Negotiations to name a few. As far as the career prospects are concerned, you can hold various positions such as:
- Export Manager and Executive
- International Business Consultant
- International Business Development Manager
- International Finance Manager
- Global Business Manager
- Account Manager
- Management Consultant
- Marketing Manager
- Project Manager
- Investment Banking Manager
A comparatively new entrant in the list, Power Management focuses on building your skills in the rapidly booming power sector. You can learn the theoretical as well as practical approaches to management in the industry.
Some of the topics that are covered during your MBA in Power Management include Power Financial Management, Supply Chain and Logistics for Power Industry, Global Power Business, Business Communication, Power Transmission and Distribution, Regulatory Framework in Power Sector and many more. Moving forward, below is the list of career paths that you can opt for after MBA in Power Management:
- Project Manager
- Technical Consultant
- EPC Manager
- Business Analyst
- Commodity Trader
- Commercial Manager
- Chief Technical Officer
With the dawn of digitization, Information Technology became one of the most sought-after MBA branches. During the course, you get to learn how the businesses run on technology. It combines business concepts with information system policies and practices. If you have an IT background, this MBA branch can benefit you a lot.
Topics that are usually covered in this specialization are Economics, International Business, IT Project Management, System Analysis, Telecommunications and so on. Read below the career prospects after MBA in Information Technology:
- System Analyst
- Technical Systems Manager
- Business Development Manager
- QA Manager
- Sales or ERP Consultant
Human Resources Management:
Nowadays, companies understand the importance of human resources and take every step to ensure good relations with employees. This has also led to the rise in demand for HR professionals. So if you get an HR specialization, you can open up great opportunities in different sectors. This degree will hone you in hiring strategies, talent acquisition, benefits compensation, and employee relations as well.
Some of the subjects you will be required to study include finance, Accounting, Organizational Development, Business Analysis and more. With an MBA in Human Resource Management program, you can work in positions that include:
- Human Resources Generalist
- Compensation Executives
- Personnel Officer
- Human Resources Development Specialist
- Welfare Officers
- Employee Training Program Officer
- Recruitment Officers in Placement Agencies
Decided? Well, then start checking out the best college for it. There are plenty of reputed colleges in India that are known for offering specialized MBA branches. For instance, if your choice is Power Management, you can try to secure a seat in universities like UPES. They not just offer train you in theoretical strategies but also help you get industry exposure through internships.
To know more about eligibility, course and fee structure, you can visit the official websites of the colleges. All the best!