Mba Specializations In India
MBA courses have always been favorite post-graduation options in India
. A degree or diploma in Management allows you to find a place in the hallowed managerial positions of the corporate world. It also equips you with the necessary managerial skills and expertise needed for the job profiles. But, there are always doubts about which specialization must one pursue. Let us first look at the various MBA specializations that are available in India.
Finance: A specialization in Finance enables you not only to find career opportunities with investment banks, trading and investment firms, andcorporates. Private sector has a huge demand for finance professionals to handle Corporate Finance, Taxation, and Financial Analysis and Strategy. There is a bouquet of opportunities across sectors with an MBA in Finance. Finance is a core function of any company or industry, thus professionals from this field will always find takers. Those with a natural flair for number crunching and with a Commerce background would want to pursue this stream.
Sales and Marketing: Sales and Marketing MBA opens out the doors of sales, brand management, marketing, market research and related positions to you. Most leaders and CEOs have sharp marketing acumen. This is perhaps the best field for leaders, go getters, and strategists that are capable of working in a dynamic and fast-paced global business environment. Marketing is deeply linked to the brand image of a company and its profitability. A gregarious person is more suited to this kind of MBA profile.
HRD: Human Resource Development or HRD is a specialization that offers opportunities in the people management function. Right from employee recruitment, training, compensation, performance appraisal, to bonuses, an HR Manager takes up all these and more. HR jobs are to handle personnel and without them, no organization can function effectively. If you are a peoples person who also understands people, then you fit the bill to pursue this specialization. Industrial Relations is another career option for HR Managers.
IT: Information Technology (IT) or MIS (Management Information Systems) as specialization was seen as the stepping stone to huge salaries and great positions in this growth sector. Especially suited for software engineers or IT professionals, this MBA can catapult them to managerial jobs like Systems Analyst, Program Manager, and Technical Consultant and so on. You can also work in sectors like ERP (Enterprise Resource Planning) and e-commerce. With internet connectivity increasing along with mobile networking, apps and software solutions are areas of high growth here.
Operations: Operations Management helps you go for operations, inventory control, production, supply chain management and shop floor management roles. If you have an eye for detail for the processes involved in smooth business operations, then you may opt for this MBA specialization. Jobs like Product Manager, Systems Manager, Technical Supervisor right upto CTO are up for grabs here. An engineering background helps here.
Apart from these conventional specializations, there are some new MBA specializations that are in vogue today. These are specially tailored keeping in mind the sunshine industries in India. Just like IT specialization came up around a decade back when IT industry took employment in India by storm, these days it is sectors like Infrastructure Management, Pharmaceuticals Management, Media and Entertainment, Hospitality Management and Sports Management among others. These are relatively new in terms of introduction of these specializations, but they are there keeping in mind the huge employment opportunity that these sectors are forecast to provide.
Before embarking upon an MBA course, always keep your interests and personality in mind as well as the scope of the industry for employment.
About AVAGMAH: As Indias premier online Business school, AVAGMAH offers a host of online learning courses like online MBA, Online BBA, and PGDM in collaboration with the finest Universities in India like IMT-CDL, Annamalai University and others. All Online MBA courses are AICTE-UGC- DEC certified and are offered in 9 specializations including Banking & Finance, HR, IT, Infrastructure Management, Healthcare Management among others. AVAGMAH recently launched AVAGMAH-Jack Welch Management Institute in collaboration with the prestigious Jack Welch Management Institute, USA. AVAGMAH courses are cutting edge with a huge employment potential.
Summary: MBA specializations have undergone some churning in the last few years. Traditional streams like Finance, Marketing, HRD, Operations and IT are still going strong. But, a number of new exciting employment sectors have thrown open specialized MBA options like Infrastructure Management, Hospitality Management, Media and Entertainment Management among others. In this article, we look at these MBA specializations in India in detail.
Reference articles:
http://www.careerlauncher.com/pegasus/mba/area_of_spl.html
http://www.shiksha.com/top-5-mba-specializations-in-india-article-3223-1
by: Avagmah
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