List of Top 10 MBA Specialisations in 2024: Choose the Best One

Mahima Gupta

Updated On: April 12, 2024 12:14 pm IST

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.

Best MBA Specializations in India

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 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


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 ReadMBA in Finance vs 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:

    • Google
    • Facebook
    • 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 ReadMBA 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 Read10 Best Colleges offering MBA in Data Science and Business Analytics

      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

        • Facebook

        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 ReadMBA 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 ReadJobs 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
          Students can find jobs in the following areas after doing MBA in Healthcare and Hospital Management and get a salary of around INR 6 LPA to INR 35 LPA in India.

          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

            Apart from the above-mentioned list of MBA specializations in India and details, students can also specialize in the following areas of Management:

            MBA in Banking and Insurance

            MBA in Project Management

            MBA in Digital Marketing

            MBA in International Business

            MBA in Accounting

            MBA in Pharmaceutical Management

            MBA in Entrepreneurship

            MBA in Travel and Tourism Management

            MBA in Communication Management

            MBA in Biotechnology

            MBA in Business Economics

            MBA in Sales Management

            MBA in Fashion Designing

            MBA in Data Analytics

            MBA in Aviation Management

            MBA in Hospital Administration

            MBA in Hotel Management

            MBA in Safety Management

            MBA in Sports Management

            MBA in Tourism Management

            MBA in Retail Management

            MBA in Hospitality Management

            MBA in Corporate Social Responsibility

            MBA in Disaster Management

            MBA in Biotechnology Management

            MBA in Petroleum and Oil Gas Management

            MBA in Environmental Management

            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:

              5 MBA Specializations to Pursue After Engineering

              Direct MBA Admission Without Entrance Exam

              List of Non-IIM MBA Colleges to Apply to Before and After CAT 2023 Exam

              Distance MBA in India

              Documents Required for MBA Admissions

              MBA Fees in India


              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.

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              FAQs

              How many MBA specializations are offered in India?

              More than 60-70 MBA specializations are offered in India. However, of these, around 30 are the most popular ones. These specializations range from the most popular and common ones like Human Resource Management, Operations Management, Financial Accounting, and Marketing, to some of the most unique directions like Fashion Management, Agri-Business Management, and Luxury Brand Management.

              Which are the most popular MBA specializations in India?

              Some of the most popular MBA specializations in India include Finance, Marketing, HR, IT, Operations, etc. These are well-established fields with a robust job market and prospects of high salaries in top organizations. These MBA specializations are offered by the majority of business schools in India, and also transition to some of the highest-paying job opportunities in the Indian market.

              What are some new and upcoming MBA specializations in India?

              Some new and upcoming MBA specializations in India that have a good scope in the future include Digital Marketing, Data Analytics, Business Analytics, Logistics and Supply Chain Management, etc. These MBA specializations have managed to make a name and market for themselves in a very short time based on their relevancy to the current market conditions.

              How do I choose an MBA specialization?

              When choosing an MBA specialization, there are several factors that you must consider. These include the scope of the course, its relevance to your academic background and career goals, salary and job opportunities after the course, the course fee, and the reputation of the colleges offering the course. It is important to do your research on why you want to pursue an MBA course to enjoy its benefits.

              Which are the highest-paying MBA specializations in India?

              The highest-paying MBA specializations in India include Finance, Entrepreneurship, Marketing, and Operations. The relevancy of these specializations is not dependent on the sector or industry. They are required in every organization, irrespective of their constituency.

              What is MBA with dual specialization?

              MBA with Dual specialization is a two-year course in which students are given the knowledge and expertise of two fields. They are highly specialized and demanding courses, but you can expect to earn a lot of knowledge and expertise for the employment transition. While the salary offered is not double the general offers, it does exceed the benchmark of probability and becomes an indeed high income.

              Which MBA specialization is best in India?

              There is no particular best MBA specialization in India. The relevancy of the specialization is highly dependent on your personal and professional goals. Yet, certain MBA courses are set to benefit you more than their fraternizing specializations. These include big data-related courses, like Digital Marketing, Data Analytics, and Information Technology, and basic business management, like Finance, Operations, HR, Strategy, etc.

              Do certain MBA specializations lead to better career opportunities?

              Yes, certain MBA specializations lead to better career opportunities after the completion of an MBA course. Due to the ever-evolving demands of organizations and businesses, managers also have to adapt to the changing market trends. The MBA specialization that is the most in-demand currently will lead to the best career prospects in the future. 

              Which are the top B-schools for MBA in Finance?

              There are several B-schools in India that offer an excellent MBA in Finance specilization. Since MBA in Finance is one of the oldest and most popular MBA specializations, nearly every top-ranked B-schools offers the same. Some of the top B-schools offering MBA in Finance include:

              • IIM Bangalore
              • MDI Gurgaon
              • S. P. Jain Institute of Management and Research
              • Jamnalal Bajaj Institute of Management Studies

              Which are the top MBA colleges offering MBA in Marketing?

              Aspirants will find top MBA colleges offering MBA in Marketing quite easily due to MBA in Marketing being such a popular MBA specialization. Some of the top B-schools offering MBA in Marketing specializations are:

              • SPJIMR Mumbai
              • Symbiosis Institute of Business Management, Pune
              • FMS Delhi
              • IIM Kozhikode

              What are the advantages of choosing one of the most popular MBA specializations in India?

              One of the biggest advantages of choosing one of the most popular MBA specializations in India includes a higher possibility of finding lucrative job opportunities. One of the reasons why certain MBA specializations become highly demanded is due to their need in the corporate world. Thus, the MBA specializations that are popular are the ones that help candidates find the job roles of their preference easily.

              Which is more important quality of the B-school or type of MBA specialization?

              Both the quality of the B-school and the type of MBA specialization play an important role in shaping the career of a management aspirant. If a student opts for a top-ranked B-school but makes a mistake while choosing the MBA specialization, they will face severe issues in their career. On the other hand if a student chooses the MBA specialization of their choice but pursues the MBA course from a low tier MBA college, they will face difficulty in seeking job opportunities in the future.

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