MBA Program is a two-year postgraduate course which includes a wide variety of subject within the curriculum. It focuses on providing candidates with expertise in various aspects of running a business. Throughout the first year, the candidates gain a basic knowledge on all subjects. During the second year, they can choose to specialize in subjects of their choice. Due to the presence of a wide variety of specializations students could often get confused in choosing the right specializations which would suit their needs. At times like this, it is necessary to consider certain factors before jumping into conclusions. Here is a list of factors you could consider:

• Choose a specialization that will provide you with a wide number of career options in the future.
• Specialize from institutions that are reputed for particular subjects. Because their experience and expertise will provide you with a lot of material in terms of knowledge.
• Choose a specialization where the return on your investment is higher or that can be earned back within a few years.
• Also, specialize in a sector where jobs are abundant and which will not perish in the long run.

Here is a list of top 10 popular specializations in India

MBA in Finance

The growth prospect in the field of finance and banking sectors are immense. Due to the emergence in the growth of the banking sector, there is a requirement of skilled employees with an education background in finance. Possessing expertise in financial management will help you secure a job in the finance department of any organization. Finance management is a backbone of any organization be it small or big. MBA in finance will concentrate on educating you about subjects like costing, risk management, budgeting, investment management etc. after the completion of the course you could be hired as a business analyst, finance manager, risk analyst, senior accountant and investment banker to name a few. Companies such as Ernst & Young, Goldman Sachs, and Morgan Stanley could be looking to recruit you.

MBA in Marketing

Marketing is primarily about fulfilling consumer needs and demands in the form of products and services. As businesses grow, they hire their own in house marketing teams to promote products, get new leads and to grow the company’s clientele list. The skills acquired by specializing in this course will open you up to quite a large number of lucrative jobs and further expertise acquired through experience could open up paths for opportunities in consulting and entrepreneurial management as well. Marketing helps students understand consumer behaviour, market behaviour based on economic conditions, forecasting sales, brand and advertising management etc. This subject will also help you develop business plans, understand threats and opportunities of the business. It also provides to improve your communication and interpersonal skills. Some of the job profiles available for graduates with marketing specializations are a sales manager, marketing manager, Digital marketing executive etc. some of the top recruiter’s interested in marketing managers would be Sony, Cognizant Technology, KPMG etc.

MBA in Human Resource Management

The success of any company depends upon its human resource. Their motivation will promote efficiency and keep the company moving forward. Since a company consists of various people with different personality traits, it is very important to ensure the well-being of everyone present and avoid clashes within the company. Human resource management includes functions like recruitment, training, salary, employee health and satisfaction. If you are interested in knowing the psychology of your employees then this an ideal choice for you. The company’s HRM is also responsible for hiring the right candidates, assessing employee performance and help create a healthy work environment. Some of the job profiles available for this specialization are placement head, payroll director, talent manager, employee relations manager etc. the salary offered in the beginning is quite low but as you gain experience you can draw more salary in the future. 

MBA in International Business

With the presence of globalization businesses are looking to explore international markets. MBA in International business will open you up to a variety of economies. The course focuses on providing you with skills to handle international business operations. Companies hire graduates with international business specializations to represent their organizations abroad. By involving yourself in the international operations of the business, the company might sometimes require you to travel abroad to meet with its clients. This also creates opportunities to experience cultures and traditions across the globe. Career options available as per IB specialization are Global business manager, International business consultant, Multinational manager, International foreign policy advisor. Companies involved in import and export, global tourism would require graduates from IB. 

MBA in Operation Management

Operations management is a specialization which enables smooth process of delivering benefits to its consumers by maintaining production management, quality, turnaround time all the whilst reducing costs. The result is to successfully manage the production and distribution of products. Curriculum is inclusive of subjects like supply chain management, operations research, data analysis, operations strategy and business analytics to name a few. Some of the job profiles that are available for this specialization are logistics manager, supply chain manager, operation manager and operations analyst. You can look forward to being recruited into corporate sectors such as retail, construction, logistics, transportation etc. 

MBA in Information Technology

If you wish to be a part of growing e-commerce platforms and technological companies, MBA in IT systems is an ideal specialization for you. This course focuses on providing an understanding of e-commerce and security to its graduates. The technical skills included within the curriculum are problem-solving techniques, technology systems etc. strategic thinking, analytical skills and global orientation are some of the skills which you will develop through the course work. Due to these technical skills, you will be one of the valued employees in the organization. The course provides an exposure to subjects like computer security, database management, IT outsourcing strategy and operations. Career opportunities in IT are IT director, Quality analyst, It specialist and application programmer to name a few. Top recruiters in IT are Google, Facebook, and Adobe etc.

MBA in Supply Chain Management

Logistics management is also a part and parcel of supply chain management. Supply chain management deals in planning and controlling the flow of goods from the point of origin to the point of consumption. It’s also involved in activities like purchasing, warehousing and forecasting inventory requirement. Subjects like supply chain modelling and design, supplier relationship management, operations and material management, logistics planning and strategy are included in the curriculum. Some of the very popular job opportunities for graduates belonging to this stream are supply chain consultant, supply chain analyst, and assistant buyer etc. top recruiters like Blue Dart and FedEx look for graduates with an MBA in supply chain management.

MBA in Rural Management

With a gradual change in government policies and socio-economics scenarios in rural development, there is a huge demand in the industry for those managers skilled in the field of rural development. Course subjects include Microfinance, Corporate social responsibility, and rural livelihood and research methods. The skills honed within the curriculum can be applied to solve problems in the rural sectors. Job opportunities with the government of India’s rural development and research institutes which research rural areas are possible. During the internships, the candidates are encouraged to visit the rural areas as part of the fieldwork to understand their problems. Since the managers have to meet with the villagers it is important to know the local languages.

MBA in Healthcare Management

This specialization is ideal for those candidates interested in the pharmaceutical sector or consulting firms in the health care industry. The job role would involve solving management issues faced within the hospitals. It also provides the possibility of interactions with medical Practitioners, insurance agents and hospital administrators. The course work helps graduates in being an integral part of hospital operations. Some of the industries that would hire graduates who have specialized in healthcare management are wellness centers, diagnostic laboratory chains and health insurance organizations. Course work includes subjects like HRM, clinical pharmacy, planning of healthcare institution, hospital information management systems.