- List of Top 10 MBA Specializations in India for 2024
- What is MBA Specialization?
- How to Choose MBA Specializations?
- MBA in Finance
- MBA in Human Resource Management (HR)
- MBA in Information Technology (IT)
- MBA in Marketing Management
- MBA in Operations Management
- MBA in Business Analytics
- MBA in Logistics and Supply Chain Management
- MBA in Business Management
- MBA in Rural Management
- MBA in Healthcare and Hospital Management
- Other Popular MBA Specializations List in India
- Dual Specialization in MBA
- Faqs
The best MBA specializations in India include 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 an MBA specializations list or MBA courses listand details like syllabus, top colleges, career scope, top recruiters, average salaries, job opportunities, and more. Check out the article to find out all you need to know about the top MBA specializations in India.
Also Read:MBA Admission 2024
List of Top 10 MBA Specializations in India for 2024
Aspirants must be aware of the MBA courses list before they apply for any management courses. Given below are the best MBA specializations in India pursued by many students for excellent career opportunities:
MBA Specialization | Popular Job Roles |
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Also Read: Top 5 Highest Paying MBA Specialisations in India
What is MBA Specialization?
A business comprises multiple functions and departments that work together to achieve its goals. To gain a comprehensive understanding of these functions and departments, students pursuing an MBA course have the option to select elective courses from the MBA courses list in a specific area or domain, such as Marketing, Human Resources, Finance, etc. These elective courses are designed to provide students with in-depth knowledge and skills relevant to their chosen area of specialization. Upon successful completion of a set of elective courses from the MBA specializations list in a particular domain, the student is awarded an MBA degree with specialization in that specific area. This specialization helps the students gain a competitive edge in the job market and improves their prospects of securing employment in their area of expertise.How to Choose MBA Specializations?
Because of the long MBA specializations list to choose from, students often get confused about which one to choose. We have mentioned below the helpful factors while finalizing the one out of the MBA courses list.
- Scope: Students should choose from MBA course list that provides a wider number of scopes so that they have several career options after they complete their MBA.
- Duration: Students often tend to get confused between MBA and PGDM. Most of the time, this leads them to compromise their time. Check out the difference between MBA and PGDM to have a clearer understanding of the same.
- Reputation of the Institute: It is always advisable to go for the institutes or colleges that are known for the specialisation 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.
MBA in Finance
Finance is among the most popular choices on the MBA specializations list, 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 financial management 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 of the best 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 |
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Managerial Economics | Organizational Behavior | Macroeconomics |
Marketing Concepts and Practice | Corporate Finance | Strategic Management |
Investment Analysis and Portfolio Management | Financial Markets and Institutions | Advanced Financial Management |
Public Financial Administration | Business and Corporate Laws | Human Resource Management |
Information Technology for Finance | Production and Operations Management | Treasury and Risk Management |
Also Read: Emerging MBA Specializations in India
Top MBA Colleges in Finance
Top MBA Finance colleges that offer the best combination of academic and practical aspects of the MBA in Finance are mentioned in the table below:
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 |
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Credit Risk Management | Derivatives Structuring | Hedge Fund Management |
Private Equity | Treasury | Sales |
Trading | Finance Ministry | Stock Market |
Also Read: Which One is Better - MBA in Finance or MBA in Marketing?
MBA in Human Resource Management (HR)
MBA in HR Management is quite popular in the MBA specializations list 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 programs out of the MBA courses list 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 specialisations 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 |
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Fundamentals of Human Resource Management | Fundamentals of Industrial Relations |
Fundamentals of Labor Laws | Human Resource Planning |
Performance Management and Appraisal | Wage Determination and Administration |
Top MBA Colleges in HR Management
HR Management as one of the most opted choices in the MBA specializations list is offered in several Management colleges in India. Following are some of the popular MBA Colleges in HR.
Top HR MBA Colleges | |
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SUN International Institute For Tourism and Management (SIITAM) |
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 |
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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)
IT Management is the management of all information technology resources of a company and is also a popular choice in the MBA specializations list. These resources can comprise computer hardware, software, networks, data, and data center facilities, and also the staff involved. An MBA in Information Technology Management 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 courses list 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 |
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IT Consulting and Advisory Practice | E-Business | IT Project Management |
Emerging Platforms and Services | Technology Entrepreneurship | Technology-Enabled Business Model Innovation |
Top MBA Colleges in IT Management
The top management colleges in India for MBA specializations in IT are:
Top MBA IT Colleges | |
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Job Scope & Salary After MBA in IT
The major tech firms that hire students with MBA specialisation in IT are:
- Qualcomm
- Adobe
- F5 Networks
- Apple
Students pursuing MBA specialization in IT can explore the career options stated in the fields below. The same can get one an annual salary of INR 7 lakhs to INR 30 lakhs.
Project Manager | Information System Manager | Consultant |
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Product and Corporate Marketing | Cross-Platform Communications | Business Development Manager |
Strategy and Planning | Product Manager | -- |
MBA in Marketing Management
Marketing management 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 MBA specializations list. The MBA specialisation in this field are 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 |
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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 |
Top MBA Colleges in Marketing Management
The top colleges for MBA specializations in Marketing Management in India are:
Top MBA Marketing Colleges | |
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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 |
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Corporate Sales | Market Research Analyst | Sales Management |
Media Planning | Product Management | Digital Marketing |
Also Read: MBA Marketing vs MBA Digital Marketing
MBA in Operations Management
Operations Management (OM) 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 |
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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 MBA Colleges in Operations Management
The top colleges for MBA in Operations Management in India are:
Top MBA in Operations Management Colleges | |
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Chetan Dattaji Gaikwad Institute of Management Studies (CDGIMS) | |
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 |
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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 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 |
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Risk Management | Predictive Analysis | Business Intelligence |
Data Modelling | Computational Methods | Optimization Analysis |
Big Data Analytics | Data Mining | Simulation Modelling |
Top MBA Colleges in Business Analytics
Check out the top MBA colleges offering Business Analytics MBA specializations in India:
Top MBA Colleges in Business Analytics | |
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Chandigarh University | |
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 |
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Quantitative Analyst | Market Research Analyst | Data Mining Expert |
Data Warehousing | SAS Programmer | Predictive Modeller |
The above job roles may yield a salary of around INR 6 to INR 20 LPA, depending on varying factors.
Also Read: 10 Best Colleges offering MBA in Data Science and Business Analytics
MBA in Logistics and Supply Chain Management
MBA in 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 and is a popular choice in the MBA courses list. 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 |
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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 |
Top Colleges Offering MBA Logistics and Supply Chain Management
Here is the list of high-ranked colleges offering MBA specialization in Logistics and Supply Chain Management.
Top MBA Colleges in Logistics and Supply Chain Management | |
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School of Business, University of Petroleum and Energy Studies | |
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 |
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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 |
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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 in the MBA courses list. MBA specializations 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 |
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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 |
Top Colleges Offering MBA in Business Management
The following table shows the top Indian colleges that offer MBA specialisation in Business Management:
Top MBA Colleges in Business Management | |
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Symbiosis Centre for Management and Human Resource Development (SCMHRD) |
Job Scope & Salary After MBA in Business Management
Depending upon the organization and country one is working in, the salary package may vary from INR 6 lakh per annum to INR 25 lakh per annum. The top recruiters for MBA in Business Management are:
Amazon
Deloitte
Apple
Students can find jobs after MBA in Business Management as the following:
Management Consultant | Business Analyst | Business Development Manager |
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Marketing Manager | Real Estate Consultant | Operations Analyst |
Engineering Manager | Supply Chain Manager | Equity Analyst |
Also Read: MBA in International Business vs MBA in Marketing
MBA in Rural Management
With the changing socio-economic scenario and government policies on rural development, it has been seen that an increasing number of students are opting to work in these MBA fields and it is a popular choice in the MBA courses list. 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. 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 |
Top Colleges Offering MBA in Rural Management
Some of the top institutes for MBA in Rural Management:
Top MBA Colleges in Rural Management | |
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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 |
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Voluntary Groups | National or International NGOs. | Grameen Bank |
Also Read: Jobs after MBA
MBA in Healthcare and Hospital Management
With the concept of healthcare going beyond hospitals, the healthcare industry in India has witnessed remarkable growth in the past few years and it is a popular choice in the MBA courses list. An MBA in Healthcare and Hospital Management is a great choice among MBA branches for those interested in the pharmaceuticals sector, government agencies, insurance organizations, hospitals, and consulting firms in the health sector. As a specialist in Healthcare and Hospital Management, you may be required to respond to various critical management problems faced by hospitals and other agencies in the health sector.
What Will You Study in MBA in Healthcare & Hospital Management Course?
MBA courses in Healthcare and Hospital Management deal with the following topics.
Health Service Management | Planning of Healthcare Institution | Financial and Cost Accounting for Hospitals |
---|---|---|
Human Resource Management | Clinical Pharmacy | Operations and Services Management |
Medical Emergency Systems | Medical Ethics Quality Management | Material Management |
Medical Tourism Financial Management | Hospital Information Management Systems | Business Policy and Strategic Management |
Top Colleges Offering MBA in Healthcare and Hospital Management
Some of the popular colleges offering MBA specializations in Healthcare and Hospital Management are:
Top MBA Colleges in Healthcare and Hospital Management | |
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Job Scope & Salary in Healthcare and Hospital Management
The top employers for an MBA in Healthcare and Hospital Management include:
Government of India
WHO
Health Trail Portal
- IMS Health
Marketing | IT | Human Resource Development |
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Medical Colleges | Pharmaceutical Industry | Health Insurance |
Also Read: MBA in Hotel Management vs MBA in Hospitality Management
Other Popular MBA Specializations List in India
Dual Specialization in MBA
Dual specialization in MBA refers to obtaining two master's degrees at the same time. Students can become experts in two fields and use their skills in the workplace later in life. By the end of the program, they earn a master's degree in two subjects, one major and one minor. The choice of majors depends on personal preferences or recent market trends. The popular dual specializations in MBA are:
- Cybersecurity and Logistics
- Marketing and Operations Management
- Accounting and Taxation
- Marketing and Finance
- Analytics and Finance
- Operations and Human Resource Management
- Accounting and Finance
- Marketing and Human Resource Management
- Analytics and Marketing
- Human Resource Management and Organizational Leadership
Candidates must also check out the articles mentioned below related to MBA courses lists and details to know more about MBA specializations.
Related Articles:
List of Non-IIM MBA Colleges to Apply to Before and After CAT 2023 Exam | |
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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