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Specialisations in MBA

January 14, 2016 01:12 PM 10 minute read , Management - BBA / MBA / Diploma

Specialisations in MBA

Master of Business Management (MBA) is typically a 2 year programme which aims at making a candidate possess expertise in various aspects of business administration and an expert for one. In first year of MBA the main focus is on giving students a brief idea about various subjects of management. In the later part of the first year they are also introduced with the specialized areas and have to choose in which they want to specialise in.

Being a student of MBA, you will have numerous options to choose from as your subject of specialization.

There are a variety of MBA specializations in India. Here is a brief account of a list of MBA streams in India:

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 the planning and controlling the financial resources of any industry. An MBA specialising in financial management will focus on management accounting and control, the Indian capital and money market, banking, privatisation and international finance.

What does MBA Finance course teach?

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


Career after MBA Finance:

After doing MBA in Finance, you can do jobs in sectors like:

Asset Management Corporate Finance Corporate Banking
Credit Risk Management Derivatives Structuring Hedge Fund Management
Private Equity Treasury Sales
Trading Finance Ministry Stock Market

Top Placement Agencies:

  • Goldman Sachs
  • Morgan Stanley
  • Merrill Lynch
  • JP Morgan

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 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 field.

What does HR management course teach?

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

Career options after doing MBA in HR:

HR professionals play a vital role in selecting the right manpower for an organization. After completing MBA, you should easily find jobs like:

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

Top Placement Agencies:

  • 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 center 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?

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

Career options after MBA in IT:

Job post of :

Project manager

Information system manager

Consultant.

Jobs in areas like:

Project Management

Cross Platform Communications

Business Development

Strategy and Planning

Product Management

Product and Corporate Marketing

Top placement agencies:

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

4. Logistic 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 logistics management teach?

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 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

Career options after MBA in Logistic Operations:

Relevant sectors are:

Healthcare

Apparel and lifestyle

Automotive

Publishing

Engineering and electrical hardware

FMCG and Consumer Electronics

Job posts of:

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

Top placement agencies:

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

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?

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

Career options after MBA in Marketing Management:

Job roles in areas like:

Marketing Management

Brand Management

Asset Management

Corporate Sales

Market Research

Sales Management

Media Planning

Product Management

Digital Marketing

Top placement agencies:

  • 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 of 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.

What does MBA in Business Management Teach?

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

Career after MBA in Business Management:

Job posts such as:

Management Consultant

Business Analyst

Business Development Manager

Marketing Manager

Real Estate Consultant

Operations Analyst

Engineering Manager

Supply Chain Manager

Equity Analyst

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?

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

Dairy developmentInternational trade

Agribusiness

E-business for rural enterprises

Career options after MBA in Rural Management:

Students can found placements at:

Appropriate government-owned or sponsored rural development projects

Funding agencies

NABARD Bank

Voluntary groupS

National or international NGOs.

Grameen Bank

In the field of:

Agribusiness

Insurance

Microfinance.

8. MBA in Healthcare Management:

With the concept of health care going beyond hospitals, the healthcare industry in India has witnessed remarkable growth in the past few years. An MBA in Health Care and Hospital Management may 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 a MBA in Healthcare Management teach?

Health service management

Planning of health care 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

Career options in Healthcare Management:

In areas of :

Marketing

IT

Human resource development

Medical colleges

Pharmaceutical industry

Health insurance

Job posts like:

Health care manager

Hospital administrator

Pharmaceutical project manager

Health care finance manager.

9. MBA in Event Management:

Event Management is basically 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 target audience, developing theme of event, communicating and promoting the concept, coordinating technical parameters, projecting the cost, successfully conducting the event and more.

What does an event management course teach?

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

Inter personal skills

Team building and leadership skills

Career options after MBA in Event Management:

Event planner

Business development manager

Public relations officer

Wedding planner

Wedding planner

Client servicing manager

Brand manager

Artist manager

Corporate communications specialist.

Top placement agencies:

  • 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 a course in Operations Management teach?

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

Career options after MBA in Operations Management:

Sectors such as:

Manufacturing

Retail

Financial institutions

Construction

Management consulting

Hospitality

Information technology

Transportation

Logistics

It is very important for student 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.

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