List of MBA Specializations: How to Choose? Scope, Differences & Top Colleges

Janvi Bhambri
Janvi BhambriPublished On: October 22, 2020 | CAT

Master of Business Administration (MBA) is typically a two-year programme, which aims at making a candidate possess expertise in various aspects of a business. Check the list of popular MBA specializations in India that you can opt for the academic session 2020-22.

Popular MBA Specializations in India

Master of Business Administration (MBA) is typically a two-year programme, which aims at making a candidate possess expertise in various aspects of business administration and an expert for one. In the first year of MBA, the main focus is on giving students a brief idea about various subjects of management. In the latter part of the first year, they are also introduced to the specialized areas from which they shall choose the area they want to specialise in.

Being a student of MBA, you will have numerous options to choose from as your subject of specialization that you can study at the top MBA colleges in India. Candidates interested in pursuing an MBA in any preferred specialization can also take other popular management exams like XAT, GMAT, CMAT,MAT, ATMA, IIFT, SNAP, etc.

Table of Contents
  1. How to Choose MBA Specialization

  2. Top 10 MBA Specializations in India

    1. MBA in Finance
    2. MBA in Human Resource Management

    3. MBA in Information Technology (IT)

    4. MBA in Logistics Management

    5. MBA in Marketing Management

    6. MBA in Business Management

    7. MBA in Rural Management

    8. MBA in Health Care Management

    9. MBA in Event Management

    10. MBA in Operations Management

    11. MBA in Business Analytics

How to Choose MBA Specialization

There are a variety of MBA specializations in India. Because of the pool of MBA specializations to choose from, students often get confused about how to choose an MBA specialization. We have mentioned below the factors that are proved helpful while finalising a specialization in MBA.

  • Scopes of the MBA specialization: Students should choose from the specializations that provide a wider number of scopes so that they have several career options after they complete their MBA.

  • Programme length: Students often tend to get confused between MBA and PGDM. Most of the times, this leads them into compromising their time. Check out the difference between MBA and PGDM to have a clearer understanding of the same.

  • The reputation of the Institute for the preferred MBA specialization: It is always advisable to go for the institutes or colleges that are known for the MBA specialization a student is interested in.

  • Faculty for the preferred MBA specialization: Students should prefer the institutes that provide highly skilled faculty for the MBA specialization of one’s interest.

  • ROI of the MBA specialization: Student must get if not more than at least twice the investment made in the programme. So, one must go for the MBA specialization that ensures a high return on investment. 

Top 10 MBA Specializations in India

  1. MBA in Finance

  2. MBA in Human Resource Management

  3. MBA in Information Technology (IT)

  4. MBA in Logistics Management

  5. MBA in Marketing Management

  6. MBA in Business Management

  7. MBA in Rural Management

  8. MBA in Health Care Management

  9. MBA in Operations Management

  10. MBA in Event Management

  11. MBA in Business Analytics

Top 10 MBA Specializations in India

Listed below is the detailed information on these popular MBA specializations in India along with curriculum, career options, annual salary package, top colleges, etc. 

1. MBA in Finance

An MBA in finance is among the most popular 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 specializing in financial management will focus on management accounting and control, the Indian capital and money market, banking, privatization and international finance.

What Does MBA Finance Course Teach?

The curriculum for the MBA in Finance programme includes the following courses. Students who Finance as an MBA specialization get to study about the topics mentioned in the table.

Accounting for Managers

Business Communication

Quantitative Methods for Management

Managerial EconomicsOrganizational 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

Skills Required for MBA in Finance

There are a certain set of skills that one must possess to excel in the field of MBA in Finance. The skills that students going for an MBA specialization in Finance are:

  • Supervisory skills

  • Mathematics skills

  • Leadership skills

  • Communication skills

  • Strategic thinking

Top Colleges Offering MBA in Finance

Top MBA Finance Colleges that offer the best combination of academic and practical aspects of the MBA specialization in Finance are:

SP Jain Institute of Management and Research, Mumbai

Lal Bahadur Shastri Institute of Management (LBSIM)

Narsee Monjee Institute of Management Studies

National Institute of Bank Management

International School of Business & Media (ISB&M)

Xavier Institute of Social Service (XISS)

Universal Group of Institutions (UGI), Mohali

Amritsar Group of Colleges (AGC), Amritsar

Jain University, Bangalore

IBMR Business School, Gurgaon

Explore more college options for MBA in Finance Here.

Career After MBA in Finance

After completing an MBA in Finance, students will have the following career options in front of them.

Asset Management

Corporate Finance

Corporate Banking
Credit Risk Management

Derivatives Structuring

Hedge Fund Management
Private Equity

Treasury

Sales
Trading

Finance Ministry

Stock Market

Annual Salary Package After MBA in Finance

The annual salary package that an MBA in Finance bags after completing the post-graduation can vary from 2,00,000 to 14,70,000.

Top Recruiters for an MBA in Finance

  • Goldman Sachs

  • Morgan Stanley

  • Merrill Lynch

  • JP Morgan

  • EY (Ernst & Young)

  • Capgemini Consulting 

2. Human Resource Management

MBA in HR Management will equip you with all these key skills, concepts and the knowledge to manage human resources in a way which leads to the success of a company. The courses teach 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 field.

What Does HR Management Course Teach?

Students pursuing Human Resource Management as an MBA specialization will be studying the following courses as a part of their curriculum. Students should check the MBA in HR syllabus to get a better understanding of the programme.

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

Skills Required for MBA in HR Management

Students aspiring to pursue an MBA in HR Management and plan to build a career in this MBA specialization should have the following skills.

  • Leadership skills

  • Communication skills

  • Strategic thinking

  • Sensitivity

  • Adaptability to change

  • Human capital development skills

Top Colleges Offering MBA in HR Management

HR Management as an MBA specialization is offered in several Management colleges in India. Following are some of the popular colleges for MBA in HR Management.

Xavier Labour Relations Institute, Jamshedpur

Management Development Institute (MDI), Delhi/NCR

Tata Institute of Social Sciences, Mumbai

Indian Institute of Management (IIM) Ranchi

International School of Business and Media

Management Development Institute

JVWU, Jaipur

Chandigarh University

GNA University

UPES Dehradun

Career After MBA in HR Management

HR professionals play a vital role in selecting the right manpower for an organization. After completing an MBA, students can easily find jobs in the following positions.

HR Assistant

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

Labor Relations Manager


Annual Salary Package After MBA in HR Management

Students who pursue a career after completing MBA in HR Management bag a salary package of 4.5 lakh to 15.5 lakh per annum.

Top Recruiters for MBA in HR Management

Some of the top employers for MBA in HR Management are:

  • Randstad
  • Kelly Services India
  • Mercer India
  • Adecco India
  • Black and white business solution
  • ABC Consultants
  • Genius consultant Ltd.
  • Career expert
  • Talent Mappers 

3. MBA in Information Technology (IT)

IT Management is the management of all information technology resources of a company. These resources can comprise of computer hardware, software, networks, data and data centre facilities and also the staff involved.

An MBA in Information Technology Management is 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.

What Does an IT Management Course Teach?

The MBA - Technology Management syllabus comprises 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

Skills Required for MBA in IT

One who is willing to make an astonishing career in the field of IT Management must be apt in the following skills.

  • Knowledge of IT

  • Problem-solving skills

  • Analytical skills

  • Adaptability to change

  • Global orientation

  • Strategic thinking

Top Colleges Offering MBA in IT

The top management colleges in India for MBA in IT are:

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

Symbiosis Centre for Information Technology

Balaji Institute of Modern Management

KJ Somaiya Institute of Management Studies and Research

Lloyd Busines School

BIMS Kolkata

ASM Group of Institutions

CGC Landran

Career options after MBA in IT

Students can explore the following career options in the following fields.

Project Manager

Information System Manager

Consultant

Project Management

Cross-Platform Communications

Business Development

Strategy and Planning

Product Management

Product and Corporate Marketing

Top Recruiters for MBA in IT

The major tech firms that hire MBA students in IT are:

  • Google
  • Facebook
  • Qualcomm
  • Adobe
  • F5 Networks
  • Apple and many more. 

4. MBA in Logistics Management

Logistics 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. Companies now need a new kind of supply chain/logistics/operations manager and this need has led to the creation of an MBA in Supply Chain Management or Logistics & Operations.

What Does an MBA in Logistics Management Teach?

The following table shows the topics included in the MBA in Logistics 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

Skills Required for MBA in Logistic Management

Here is a list of skills that a student must have who opting to study Logistic Management as an MBA specialization.

  • Responsible

  • Ability to see the big picture

  • Effective problem-solving skills

  • Calm under pressure

  • Honesty

Top Colleges Offering MBA in Logistic Management

Here is the list of high ranked colleges offering MBA in Logistics.

School of Business, University of Petroleum and Energy Studies, Dehradun

Amity Business School, Noida

Presidency University, Bangalore

School of Management, Dr DY Patil University, Navi Mumbai

VELS Chennai

BML Munjal University

ADYPU Pune

Mansarovar Global University

Career options after MBA in Logistic Operations

The relevant sectors where students build a career after completing MBA in Logistic Management are:

Healthcare

Apparel and Lifestyle

Automotive

Publishing

Engineering and Electrical Hardware

FMCG and Consumer Electronics

Students 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

Annual Salary Package After MBA in Logistic Management

Students who complete their post-graduation in MBA Logistic Management generally bag an annual salary package of more than 6,25,000 lakh.

Top Recruiters for MBA in Logistic Management

Some of the top employers for this MBA specialization are:

  • Damco
  • FedEx
  • Blue Dart
  • First Flight
  • Healthkart
  • GAIL
  • ONGC
  • NHPC 

Also Read: Part-time MBA Options - Career, Scope and Colleges

5. MBA in Marketing Management

Marketing management in India revolves around matching the needs of consumers to the marketing resources of a company. The course is about transforming consumer demands into services or products, which the company can profitably offer, deliver and promote in the marketplace.

What Does a Marketing Management Course Teach?

The following table shows the syllabus of MBA in Marketing Management.

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

Skills Required for MBA in Marketing Management

The skills required for this MBA specialization is:

  • Interpersonal skills

  • Strategic skills

  • Communication skills

  • Entrepreneurial skills

Top Colleges Offering MBA in Marketing Management

The top colleges for Marketing Management in India are:

Indian Institute of Management, Ahmedabad

Indian Institute of Management, Calcutta

Institute of Public Enterprise, Hyderabad

SP Jain Institute of Management and Research (SPJIMR)

PCTE Group of Institutions

SGVU Jaipur

Rathinam Group of Institutions

Poddar Group of Institutions

Career After MBA in Marketing Management

Students can get job roles in the area like:

Marketing Management

Brand Management

Asset Management

Corporate Sales

Market Research

Sales Management

Media Planning

Product Management

Digital Marketing

Annual Salary Package After MBA in Marketing Management

Students can earn up to 20.43 lakh per annum in the areas related to Marketing Management.

Top Recruiters for MBA in Marketing Management

The top recruiters for the MBA specialization are:

  • Sony
  • Exim
  • Ranbaxy
  • Spencer's Retail
  • KPMG
  • Tata Consultancy Services
  • Cognizant Technology 

6. MBA in Business Management

In the current scenario of globalisation, there is a need for experts in the field of business management due to the upcoming of various MNC’s and business groups to give competition to the Indian market competition. The course essentially teaches you detailed aspects of finance, sales, marketing, human resources, personnel management, operations, international business, retail management and more. Read more about business management here.

What Does an MBA in Business Management Teach?

Here the table to show the syllabus for MBA in Business Management.

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

Skills Required for MBA in Business Management

The skills required are:

  • Teamwork

  • Leadership

  • Adaptability to change

  • Problem-solving skills

Top Colleges Offering MBA in Business Management

The following table shows the top Indian colleges that offer MBA in Business Management.

Indian Institute of Management Bangalore

Indian Institute of Management Calcutta

Indian Institute of Management Ahmedabad

Xavier Labour Relations Institute

Indian Institute of Management Lucknow

Indian Institute of Management Indore

Career After MBA in Business Management

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

Annual Salary Package After MBA in Business Management

Depending upon the organisation and country one is working in, the salary package may vary from 6 lakh per annum to 25 lakh per annum.

Top Recruiters for an MBA in Business Management

The top recruiters are:

  • Amazon

  • Deloitte

  • Apple

  • Facebook 

7. 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 this field. Rural 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. The aspirants of this field 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 does a Rural Management Course Teach?

The topics that are taught in MBA Rural Management course 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

Skills Required for MBA in Rural Management

Students pursuing MBA in Rural Management must hold the following skills to achieve greater heights.

  • Ability to work with clients with diverse interests

  • Knowledge of local languages

  • Problem-solving skills

  • Ability to handle masses

Top Colleges Offering MBA in Rural Management

Some of the top institutes for Rural Management as an MBA Specialization are:

Institute of Rural Management(IRMA) - Anand

Indian Institute of Rural Management (IIRM) - Jaipur

Amity School of Rural Management - Noida

Xavier Institute of Social Service (XISS) - Ranchi

KIIT Bhubaneswar

Apex University

Career Options After MBA in Rural Management

Students can get placed in the following organisations after completing MBA in Rural Management.

Government-owned or Sponsored Rural Development Projects

Funding Agencies

NABARD Bank

Voluntary Groups

National or International NGOs.

Grameen Bank

Students can also look for the following fields as they can find great options here.

Agribusiness

Insurance

Microfinance 

8. MBA in Healthcare Management

With the concept of healthcare going beyond hospitals, the healthcare industry in India has witnessed remarkable growth in the past few years. AnMBA in Healthcare and Hospital Managementmay appeal to those interested in the pharmaceuticals sector, government agencies, insurance organizations, hospitals and consulting firms in the health sector. As a specialist in health care management, you may be required to respond to various critical management problems faced by hospitals and other agencies under the health sector.

What Does an MBA in Healthcare Management Course Teach?

The programmes of MBA in Healthcare Management deals 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

Skills Required for MBA in Healthcare Management

The important skills for an MBA in Healthcare Management are:

  • Ethical Judgment

  • Quick thinking

  • Adaptability

  • Relationship building

  • Leadership

Top Colleges Offering MBA in Healthcare Management

Some of the popular colleges offering MBA in Healthcare Management are

Symbiosis Institute of Health Science, Pune

Institute of Health Management

Manipal School of Management

Rai University

LPU Jalandhar

IBMR IBS Bangalore

KL University, Guntur

Indus University

Career Options in Healthcare Management:

Students can find jobs in the following areas after doing MBA in Healthcare Management.

Marketing

IT

Human Resource Development

Medical Colleges

Pharmaceutical Industry

Health Insurance

Students can also get Job posts like:

Healthcare Manager

Hospital Administrator

Pharmaceutical Project Manager

Healthcare Finance Manager

Top Recruiters for MBA in Healthcare Management

The list includes some of the top employers for an MBA in Healthcare Management.

  • Government of India

  • WHO

  • Health Trail Portal

  • IMS Health 

9. MBA in Event Management

The study of Event Management means gaining a set of skills to be used to set up events such as seminars, symposiums, conferences, fairs, exhibitions, festivals, functions and so on. It might interest you to know that major events like IPL, literature festivals, Olympics or Common Wealth Games completely rely on event management companies. Event management involves identifying and understanding the target audience, developing the theme of the event, communicating and promoting the concept, coordinating technical parameters, projecting the cost, successfully conducting the event and more.

What Does an MBA in Event Management Course Teach?

The course of MBA in Event Management gives knowledge of the following fields.

Event Logistics

Event Coordination

Event Accounting

Public Relations

Marketing Management

Advertising

Brand Management

Customer Service

Catering

Logistics

Décor

Glamour Identity

Study of Law and Licenses

Study of Law and Licenses

XMedia Management

Celebrity Management

Crowd Management

Security and Safety Management

Insurance and Risk management

Interpersonal skills

Team building and leadership skills

Skills Required for MBA in Event Management

Students who wish to build a great career in the field of Event Management must have the following skills.

  • Basics of PR

  • Corporate communication

  • Organizational behaviours

  • Event production process

  • IT and computer education

  • Event planning

Top Colleges Offering MBA in Event Management

Some of the top institutes for an MBA in Event Management are:

National Institute of Event Management

Amity Institute of Event Management

Institute of Integrated Marketing Communication and Management

National Academy of Event Management and Development

Parul University

SAGE University

MRU Faridabad

NIMS University

Career Options After MBA in Event Management

Students can find career options in the following sectors after doing Event Management as an MBA specialization:

Event Planner

Business Development Manager

Public Relations Officer

Wedding Planner

Operations Manager

Client Servicing Manager

Brand Manager

Artist Manager

Corporate Communications Specialist

Annual Salary Package After MBA in Event Management

The salary package after doing MBA in Event Management depends upon one’s designation in an organisation. It can vary from 2,000 per day to more than 3,00,000 per event.

Top Recruiters for MBA in Event Management

The top employers for MBA in Event Management are:

  • Wizcraft
  • DNA Entertainment Networks
  • Percept D Mark 

10. MBA in Operations Management

Operations Management (OM) is a specialized field that facilitates the process of delivering value to the end customer by improving productivity, quality, cost, and turnaround time. An MBA in Operations Management teaches students to effectively manage the processes behind the successful production and distribution of a product in an organization.

What Does an MBA in Operations Management Course Teach?

MBA in Operations Management has the following 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

Top Colleges Offering MBA in Operations Management

TAPMI, Manipal

School of Management Sciences

Indian Institute of Social Welfare and Business Management

Great Lakes Institute of Management

Alliance University

CDGIMS Pune

DY Patil University School of Management

--

Career Options After MBA in Operations Management

Students can build a career in the following sectors:

Manufacturing

Retail

Financial Institutions

Construction

Management Consulting

Hospitality

Information technology

Transportation

Logistics 

11. MBA in Business Analytics

Business Analytics

MBA in Business Analytics is a discipline 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.

What does the MBA in Business Analytics course teach?

The following subjects are included in the syllabus of 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

Top Colleges for MBA in Business Analytics

Manav Rachna University

BIMS Kolkata

Versatile Business School

VELS University

Christ University Institute of Management

International Institute of Business Studies

Galgotias Business School

DIT University

VGU Jaipur

Chandigarh University

UPES Dehradun

--

Career Options after MBA in Business Analytics

Business Analyst

Data Analyst

Data Scientist

Quantitative Analyst

Market Research Analyst

Data Mining Expert

Data Warehousing

SAS Programmer

Predictive Modeller

Also Read: Top 10 Highest Paying Management Jobs in India

A student needs to consider their career goals and professional development before choosing a specialization as this is going to play a massive role in aligning their future.

We hope this article will help you make good decisions for your career. If you have any doubt regarding MBA admissions, you can ask questions on the Collegedekho QnA zone.

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