List of Top 10 MBA Specialisations in 2024: Choose the Best One
The list of top MBA specialisations in India features Finance, HR, IT, Marketing, Operations Management, Business Analytics, and Healthcare & Hospital Management, to name a few. Let's explore each specialization below.
The list of top MBA specializations in India includes Finance, Human Resource Management, Information Technology, Marketing, and Operations Management, to name a few. As MBA imparts knowledge of various functions of a business, the specializations are offered to deepen the understanding of the chosen field. Some specializations in MBA include industry-specific electives and hands-on learning opportunities, while others concentrate on the basic management topics covered in the MBA curriculum. To help you make the right choice, we have provided a list of MBA specializations or most in-demand MBA specializations. Let's explore each one in detail below.
Also Read:MBA Admission 2024
List of Top MBA Specializations in India for 2024
Aspirants must be aware of the MBA specializations list in India before they apply for any management courses. Given below are the most in-demand MBA specializations in India pursued by many students for excellent career opportunities:
- MBA in Finance
- MBA in Human Resource Management
- MBA in Information Technology
- MBA in Marketing
- MBA in Operations Management
- MBA in Business Analytics
- MBA in Logistics and Supply Chain Management
- MBA in Business Management
- MBA in Rural Development Management
- MBA in Healthcare and Hospital Management
Also Read: Top 5 Highest Paying MBA Specialisations in India
MBA in Finance
Finance is one of the most popular MBA specializations, as growth prospects in this field are immense. Financial Management is focused on planning and controlling the financial resources of any industry. An MBA in Finance will focus on accounting management and control of the Indian capital and money market, banking, privatization, and international finance. Finance is often considered to be one among the list of top MBA specializations in India.
What Will You Study in MBA Finance Course?
Students who pick the Finance MBA specialization have to study the topics mentioned in the table.
Accounting for Managers | Business Communication | Quantitative Methods for Management |
| Managerial Economics | Organizational Behavior | Macroeconomics |
Marketing Concepts and Practice | Corporate Finance | Strategic Management |
Investment Analysis and Portfolio Management | Financial Markets and Institutions | Advanced Financial Management |
Public Financial Administration | Business and Corporate Laws | Human Resource Management |
Information Technology for Finance | Production and Operations Management | Treasury and Risk Management |
Also Read: Emerging MBA Specializations in India
Job Scope & Salary After MBA in Finance
The annual salary package that an MBA in Finance student bags after completing the post-graduation can vary from INR 2,00,000 to INR 14,70,000. Some of the top recruiters for MBA in Finance include:
- Goldman Sachs
- Morgan Stanley
- Merrill Lynch
- JP Morgan
- EY (Ernst & Young)
- Capgemini Consulting
Candidates opting for MBA specializations in Finance will have the following career options in front of them after the program completion.
| Asset Management | Corporate Finance | Corporate Banking |
| Credit Risk Management | Derivatives Structuring | Hedge Fund Management |
| Private Equity | Treasury | Sales |
| Trading | Finance Ministry | Stock Market |
Also Read: Which One is Better: MBA in Finance or MBA in Marketing?
MBA in Human Resource Management
MBA in Human Resource Management is quite popular in the list of best paying MBA specializations as it will equip students with all the key skills, concepts, and knowledge to manage human resources in a way that leads to the success of a company. It is one of those programmes out of the list of top MBA specialisations that teaches you all about recruiting, training, team building, performance updates, employee policy, salary, benefits and increments, employee health and safety as well as staff amenities. If you’ve got good communication skills and can handle tough situations well, you can go a long way in this particular field of MBA branches.
What Will You Study in MBA in HR Course?
Students pursuing MBA specializations in Human Resource Management will be studying the following MBA subjects as a part of their curriculum.
Employment Relations Law - Law of Industrial Relations | Employment Relations Law - Law of Social Security |
Fundamentals of Human Resource Management | Fundamentals of Industrial Relations |
Fundamentals of Labor Laws | Human Resource Planning |
Performance Management and Appraisal | Wage Determination and Administration |
Job Scope & Salary After MBA in HR Management
A student who opts for MBA specializations in HR Management mostly bags a salary package of INR 4,50,000 to INR 15,50,000 per annum. Some of the top employers for MBA in HR Management include:
- Randstad
- Kelly Services India
- Mercer India
- Adecco India
- Black and white business solution
- ABC Consultants
- Genius consultant Ltd.
- Career expert
- Talent Mappers
HR professionals play a vital role in selecting the right manpower for an organization. After completing MBA specialisations in HR Management, students can easily find jobs in the following positions.
HR Assistant | Technical Recruiter | Training and Development Coordinator or Manager |
Payroll Specialist | Human Resources Manager | Employee Relations Manager |
Compensation or Benefit Analyst or Manager | HR Information Systems Manager | Labour Relations Manager |
MBA in Information Technology
IT Management is the management of all information technology resources of a company and is also a popular choice in the list of MBA specializations in India. These resources can comprise computer hardware, software, networks, data, and data center facilities, and also the staff involved. An MBA in Information Technology is one of those MBA fields designed to educate and develop managers who can effectively manage the planning, design, selection, implementation, use, and administration of emerging and converging information and communications technologies. Find out more about the MBA specializations list in India and details in the field of IT.
What Will You Study in MBA in IT Course?
The MBA subjects in the Information Technology Management syllabus comprise the following topics.
Enterprise Business Applications of IT | IT Strategic Planning | IT Outsourcing Strategy and Operations |
IT Consulting and Advisory Practice | E-Business | IT Project Management |
Emerging Platforms and Services | Technology Entrepreneurship | Technology-Enabled Business Model Innovation |
Job Scope & Salary After MBA in IT
The major tech firms that hire students with MBA specialisation in IT are:
- Qualcomm
- Adobe
- F5 Networks
- Apple
Students pursuing MBA specialization in IT can explore the career options stated in the fields below. The same can get one an annual salary of INR 7 lakhs to INR 30 lakhs.
Project Manager | Information System Manager | Consultant |
Product and Corporate Marketing | Cross-Platform Communications | Business Development Manager |
Strategy and Planning | Product Manager | -- |
MBA in Marketing Management
MBA in Marketing in India revolves around matching the needs of consumers to the marketing resources of a company and is the second most popular option out of the list of top MBA specializations in India. The MBA specialisation in this field is about transforming consumer demands into services or products, which the company can profitably offer, deliver and promote in the marketplace. Marketing is another specialization that is considered to be one of the best MBA specializations in India.
What Will You Study in MBA in Marketing Course?
The following table shows the MBA subjects for Marketing Management specializations:
Consumer Behavior | Advertising Management | Competitive Marketing |
Business Marketing | Sales Force Management | Service Marketing |
Sales Promotion Management | Product and Brand Management | Internet Marketing |
Retailing Management | Marketing Channel | Analytical Marketing |
Advanced Research Techniques in Marketing | Marketing Communications Management | Customer Relationship Marketing |
Job Scope & Salary After MBA in Marketing Management
Students can earn up to INR 20.43 lakh per annum in the areas related to Marketing Management. The top recruiters for the MBA in Marketing Management are:
Sony
Exim
Ranbaxy
Spencer's Retail
KPMG
Tata Consultancy Services
- Cognizant Technology
Students after pursuing MBA courses in marketing can get job roles like:
Marketing Manager | Brand Manager | Asset Management |
Corporate Sales | Market Research Analyst | Sales Management |
Media Planning | Product Management | Digital Marketing |
Also Read: MBA Marketing vs MBA Digital Marketing
MBA in Operations Management
MBA in Operations Management is a specialized field among MBA branches that facilitates the process of delivering value to the end customer by improving productivity, quality, cost, and turnaround time. MBA specialization in Operations Management teaches students to effectively manage the processes behind the successful production and distribution of a product in an organization.
What Will You Study in MBA in Operations Management Course?
MBA in Operations Management has the following MBA subjects in its curriculum.
Operations Research | Operations Research | Materials Management |
Project Management | Enterprise Resource Planning | Financial Accounting and Management |
Supply Chain Management | International Logistics | Technology and Innovation Management |
Project Management | Information Technology & Systems Management | Marketing Management |
Job Scope & Salary After MBA in Operations Management
Students can build a career in the following sectors after MBA in Operations Management. These can fetch them an annual salary as high as INR 25 lakhs.
Manufacturing | Retail | Financial Institutions |
Construction | Management Consulting | Hospitality |
Information Technology | Transportation | Logistics |
MBA in Business Analytics
An MBA in Business Analytics is a discipline among MBA fields in which students are taught how to create business strategies based on data. Students learn how to process and read large amounts of data to generate results and provide real-world solutions and strategies for the growth of a business in these types of MBA courses. Business Analytics is another one of the best paying MBA specializations in India.
What Will You Study in MBA in Business Analytics course?
The following MBA subjects are included in the syllabus of the MBA in Business Analytics course.
Financial Accounting | Financial Analysis | Statistical Analysis |
Risk Management | Predictive Analysis | Business Intelligence |
Data Modelling | Computational Methods | Optimization Analysis |
Big Data Analytics | Data Mining | Simulation Modelling |
Job Scope & Salary after MBA in Business Analytics
Here are some available career options that any MBA in Business Analytics can start in:
Business Analyst | Data Analyst | Data Scientist |
Quantitative Analyst | Market Research Analyst | Data Mining Expert |
Data Warehousing | SAS Programmer | Predictive Modeller |
The above job roles may yield a salary of around INR 6 to INR 20 LPA, depending on varying factors.
Also Read: 10 Best Colleges Offering MBA in Data Science and Business Analytics in 2024
MBA in Logistics and Supply Chain Management
MBA in Logistics and Supply Chain Management is a part of supply chain management that deals with the planning, implementing, controlling of flow, and storage of goods and services, between the point of origin and point of consumption and is a popular choice in the MBA specializations list in India. Companies now need a new kind of supply chain/logistics/operations manager and this need has led to the addition of Logistics and Supply Chain Management to the overall MBA branches.
What Will You Study in MBA in Logistics & Supply Chain Management Course?
The following table shows the MBA subjects included in the MBA in Logistics and Supply Chain Management syllabus.
Economics and Management Decisions | Organizational Behavior | Marketing Management |
Operations and Materials Management | Business Communication | Introduction to Logistics and Supply Chain Management |
Accounting in Logistics and Supply Chain Sector | Human Resource Management | Logistics Planning and Strategy |
Lean Supply Chain Management | Financial Management in the Supply Chain Industry | IT Application in Supply Chain |
Strategic Management | Business Process Re-Engineering | Multi-Model Transportation |
Supplier Relationship Management | Supply Chain Modeling and Design | Supply Chain Simulation |
| Global Supply Chain Management | Logistics Management | Procurement Consultant Management |
Job Scope & Salary after MBA in Logistics and Supply Chain Management
Students who complete their post-graduation in MBA Logistic Management generally bag an annual salary package of more than INR 6,25,000. Some of the top employers for this MBA in Logistics and Supply Chain Management are:
- Damco
- FedEx
- Blue Dart
- First Flight
- Healthkart
- GAIL
- ONGC
- NHPC
The relevant sectors where students build a career after completing an MBA in Logistic Management are:
Healthcare | Apparel and Lifestyle | Automotive |
Publishing | Engineering and Electrical Hardware | FMCG and Consumer Electronics |
MBA in Logistics and Supply Chain Management graduates can get a position as:
Logistics and Distribution Manager | Supply Chain Analyst | Supply Chain Coordinator |
Supply Chain Manager | Supply Chain Consultant | Expeditor |
Materials Planner | Production Planner | Sales Order Planner |
Master Scheduler | Demand Planner | Assistant Buyer |
MBA in Business Management
In the current scenario of globalization, there is a need for experts in the field of business management due to the upcoming of various MNCs and business groups to give competition to the Indian market competition and it is a popular choice among the most in-demand MBA specializations. MBA in Business Management essentially teach you detailed aspects of finance, sales, marketing, human resources, personnel management, operations, international business, retail management, and more. MBA in Business Management is one of the top emerging MBA fields.
What Will You Study in MBA in Business Management Course?
Here is the table that shows the MBA subjects for an MBA in Business Management course.
Managerial Economics | Operations Research | Organizational Behavior |
Economic Policy | Business Statistics | Decision Models and Optimization |
Financial Management | Human Resource Management | Marketing Management |
Operations Management | Business Ethics | Corporate Governance |
International Business | Management Information Systems | Business Law |
Market Research | Project Management | Strategic Management |
Job Scope & Salary After MBA in Business Management
Depending upon the organization and country one is working in, the salary package may vary from INR 6 lakh per annum to INR 25 lakh per annum. The top recruiters for MBA in Business Management are:
Amazon
Deloitte
Apple
Students can find jobs after MBA in Business Management as the following:
Management Consultant | Business Analyst | Business Development Manager |
Marketing Manager | Real Estate Consultant | Operations Analyst |
Engineering Manager | Supply Chain Manager | Equity Analyst |
Also Read: MBA in International Business vs MBA in Marketing
MBA in Rural Management
With the changing socio-economic scenario and government policies on rural development, it has been seen that an increasing number of students are opting to work in these MBA fields and it is a popular choice in the MBA courses list. MBA in Rural Development Management involves the application of management principles to the rural sector. This entails planning, organizing, and controlling cooperatives and related organizations in the field of agriculture. It is one of the most challenging MBA specializations where candidates are encouraged to visit rural areas, interact and stay with villagers as a part of their fieldwork, while an organizational internship gives them a hands-on experience of working in a rural setup.
What Will You Study in MBA in Rural Management Course?
The MBA subjects that are taught in the MBA courses for Rural Management are:
Economic Analysis for Rural Management | Rural Society and Polity | Rural Livelihood and Research Methods |
Development Theories and Practices | Natural Resources and Sustainability | Social Entrepreneurship |
Legal Environment | Corporate Social Responsibility | Microfinance |
International trade | Agribusiness | E-business for Rural Enterprises |
Job Scope & Salary After MBA in Rural Management
Students can get placed in the following organizations after completing MBA specializations in Rural Management and expect an annual salary up to INR 15 LPA.
Government-owned or Sponsored Rural Development Projects | Funding Agencies | NABARD Bank |
Voluntary Groups | National or International NGOs. | Grameen Bank |
Also Read: Top Jobs after MBA
MBA in Healthcare and Hospital Management
With the concept of healthcare going beyond hospitals, the healthcare industry in India has witnessed remarkable growth in the past few years and it is a popular choice in the MBA courses list. An MBA in Healthcare and Hospital Management is a great choice among MBA branches for those interested in the pharmaceuticals sector, government agencies, insurance organizations, hospitals, and consulting firms in the health sector. As a specialist in Healthcare and Hospital Management, you may be required to respond to various critical management problems faced by hospitals and other agencies in the health sector.
What Will You Study in MBA in Healthcare & Hospital Management Course?
MBA courses in Healthcare and Hospital Management deal with the following topics.
Health Service Management | Planning of Healthcare Institution | Financial and Cost Accounting for Hospitals |
Human Resource Management | Clinical Pharmacy | Operations and Services Management |
Medical Emergency Systems | Medical Ethics Quality Management | Material Management |
Medical Tourism Financial Management | Hospital Information Management Systems | Business Policy and Strategic Management |
Job Scope & Salary in Healthcare and Hospital Management
The top employers for an MBA in Healthcare and Hospital Management include:
Government of India
WHO
Health Trail Portal
- IMS Health
Marketing | IT | Human Resource Development |
Medical Colleges | Pharmaceutical Industry | Health Insurance |
Also Read: MBA in Hotel Management vs MBA in Hospitality Management
Other Popular MBA Specializations List in India
How to Choose MBA Specializations?
Because of various MBA specializations to choose from, students often get confused about which one to choose. We have mentioned below the helpful factors to consider before choosing MBA specialisations.
- Scope: Students should choose from the list of MBA specializations that provide a wider number of scopes so that they have several career options after they complete their MBA.
- Duration: The duration of the MBA course may vary from one college to another. While choosing from MBA courses list, check how it is going to last so that you can plan your journey ahead accordingly.
- Reputation of the Institute: It is always advisable to go for the institutes or colleges that are known for the specialization a student is interested in. If possible candidates must also check the ranking of the institute by various ranking agencies, such as NIRF, Time B School, Outlook, etc.
- Pedagogy: Students should prefer the institutes that provide highly skilled faculty for the specialization of their interest.
- ROI: Students must get if not more than at least twice the investment made in the program. So, one must go for MBA specializations that ensure a high return on investment.
Candidates must also check out the articles mentioned below related to MBA courses lists and details to know more about MBA specializations.
Related Articles:
If you have any doubts regarding the MBA course list and details provided here, then you can ask them in our Q&A Zone. To apply to MBA colleges offering various specializations, you can fill out our Common Application Form. For all admission-related inquiries, you can contact our student helpline at 1800-572-9877.
Get Help From Our Expert Counsellors
FAQs
What is the MBA specialization list in IIM?
The MBA specialization list in IIM is different for different IIM campuses across India. A majority of the IIMs offer the commonly pursued MBA specializations like Finance, Marketing, HR, Information Technology, etc. However, many IIMs also offer new specializations like Agriculture, E-Commerce, Big Data, Business Analytics, etc.
Which specialization in MBA is the hardest?
The specialization in MBA that is the hardest can be different for different students. Specialziation which require students to have prior knowledge or a certain level of technical expertise are often considered the toughest MBA specializations. Finance, Data Analytics, Information Technology are some of the areas where students who have prior knowledge about the subjects are favoured and tend to have a easier time tackling the course curriculum as compared to those who do not have any background in these subjects.
Which MBA did Sundar Pichai do?
Although the MBA specialization that Sundar Pichai pursued at Wharton School of the University of Pennsylvania, it can be assumed that he specialized in Product Management & Innovation since he started as a Product Manager in Google before taking on the role of CEO.
Which MBA specialization is easiest?
The MBA specialization that is considered to be the easiest is General MBA since it does not require candidates to learn advanced level subjects in any particular field of management. That being said, other MBA specialization which are easier as compared to the rest include Entrepreneurship, E-commerce, International Business, etc. since candidates need not require technical or quantitative skills to excel in these areas as compared to specializations like Data Analytics and Finance.
Which MBA specialization offers best work-life balance?
The MBA specialization that offers best work-life balance will depend on the type of job roles a particular specialization leads to after graduation. Some specializations like Finance, Logistics & Supply Chain Management, Sales are considered to be some of the most hectic and stressful areas since the job roles that can be pursued after these courses are highly competitive. However, some specializations like Human Resources Management, Digital Marketing, and others can help aspirants build their career but also maintain proper work-life balance due to less hectic job opportunities after MBA.
Which MBA specialization is best for govt jobs?
MBA specialization that is best for government jobs will vary depending on the type of job role that aspirants plan to pursue after graduation. Some government job roles will favour candidates who have a specialization in marketing whereas others will favour aspirants with MBA in Operations or Human Resources. Therefore, candidates must plan ahead and choose a specialization wisely if their ultimate goal is to pursue a career in the government sector after completing their MBA course.
Which specialization in MBA is best for CEO?
The specialization in MBA that is best for CEO roles in organizations can be different for various organizations since each CEO role may require candidates to lead different businesses. Some companies are more focused on marketing, which means that an MBA graduate with Marketing specialization will be ideal for the role of CEO. Similarly, companies that are Operations oriented will require an MBA in Operations Management for the role of CEO.
Which MBA branch pays highest salary?
The MBA branch that pays the highest salary is Finance since some of the highest paid job roles in an organization are filled by MBA Finance graduates. Job positions like Investment Banker, Finance Manager, Financial Analyst, Risk Analyst, etc. are all open to MBA graduates with a specialisation in Finance. This is one of the reasons why Finance is one of the most popular MBA specialisations if not the most popular.
Which MBA specialisation has highest value in India?
The MBA specialisation that has the highest value in India is the one that provides students with the most lucrative job opportunities. There are several MBA specialisations that offer students with high paying job opportunities after MBA, these include Finance, Marketing, Operations, Information Technology, Data Analytics, etc. However, it is considered by many that MBA in Finance offer the best and most profitable job roles after graduation making it the most valued MBA specialisation in India.
Which MBA specialisation is best in India?
The MBA specialisation that is best in India is a subjective choice that can be different for various aspirants. Specialisations like Finance, Marketing, Human Resources, Logistics & Supply Management, etc. are considered to be some of the best MBA courses in India due to their popularity among aspirants. Candidates must research each specialisation, their placement opportunities, etc. before making a final decision. That being said, Finance and Maketing are considered two of the top MBA specialisations in India.