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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.
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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
MBA in Business Management
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
Quantitative Methods for Management
|Managerial Economics||Organizational Behavior|
Marketing Concepts and Practice
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:
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:
|Amritsar Group of Colleges (AGC), Amritsar|
|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.
|Credit Risk Management|
|Hedge Fund Management|
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
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.
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.
International School of Business and Media
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.
Training and Development Coordinator or 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:
- 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
IT Project Management
Emerging Platforms and Services
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
Adaptability to change
Top Colleges Offering MBA in IT
The top management colleges in India for MBA in IT are:
Career options after MBA in IT
Students can explore the following career options in the following fields.
Information System Manager
Strategy and Planning
Product and Corporate Marketing
Top Recruiters for MBA in IT
The major tech firms that hire MBA students in IT are:
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
Operations and Materials Management
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
Business Process Re-Engineering
Supplier Relationship Management
Supply Chain Modeling and Design
Supply Chain Simulation
|Global Supply Chain 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.
Ability to see the big picture
Effective problem-solving skills
Calm under pressure
Top Colleges Offering MBA in Logistic Management
Here is the list of high ranked colleges offering MBA in Logistics.
Career options after MBA in Logistic Operations
The relevant sectors where students build a career after completing MBA in Logistic Management are:
Apparel and Lifestyle
Engineering and Electrical Hardware
FMCG and Consumer Electronics
Students can get a position as:
Supply Chain Analyst
Supply Chain Coordinator
Supply Chain Consultant
Sales Order Planner
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:
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.
Sales Force Management
Sales Promotion Management
Product and Brand Management
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:
Top Colleges Offering MBA in Marketing Management
The top colleges for Marketing Management in India are:
SP Jain Institute of Management and Research (SPJIMR)
Career After MBA in Marketing Management
Students can get job roles in the area like:
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:
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.
Decision Models and Optimization
Human Resource Management
Management Information Systems
Skills Required for MBA in Business Management
The skills required are:
Adaptability to change
Top Colleges Offering MBA in Business Management
The following table shows the top Indian colleges that offer MBA in Business Management.
Career After MBA in Business Management
Students can find jobs after MBA in Business Management as the following:
Business Development Manager
Real Estate Consultant
Supply Chain Manager
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:
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
Corporate Social Responsibility
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
Ability to handle masses
Top Colleges Offering MBA in Rural Management
Some of the top institutes for Rural Management as an MBA Specialization are:
Amity School of Rural Management - Noida
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
National or International NGOs.
Students can also look for the following fields as they can find great options here.
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
Operations and Services Management
Medical Emergency Systems
Medical Ethics Quality 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:
Top Colleges Offering MBA in Healthcare Management
Some of the popular colleges offering MBA in Healthcare Management are
Institute of Health Management
Career Options in Healthcare Management:
Students can find jobs in the following areas after doing MBA in Healthcare Management.
Human Resource Development
Students can also get Job posts like:
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.
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.
Study of Law and Licenses
Study of Law and Licenses
Security and Safety Management
Insurance and Risk management
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
Event production process
IT and computer education
Top Colleges Offering MBA in Event Management
Some of the top institutes for an MBA in Event Management are:
|Amity Institute of Event Management|
Career Options After MBA in Event Management
Students can find career options in the following sectors after doing Event Management as an MBA specialization:
Business Development Manager
Public Relations Officer
Client Servicing 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:
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.
Enterprise Resource Planning
Financial Accounting and Management
Supply Chain Management
Technology and Innovation Management
Information Technology & Systems Management
Top Colleges Offering MBA in Operations Management
Career Options After MBA in Operations Management
Students can build a career in the following sectors:
11. MBA in 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.
Big Data Analytics
Top Colleges for MBA in Business Analytics
Career Options after MBA in Business Analytics
Market Research Analyst
Data Mining Expert
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.