MBA Specializations in India: Choosing the right MBA specialization can do wonders for you as it will provide you with a competitive edge and also open up lots of opportunities in the job market.
Traditional MBA streams such as Marketing, Finance, HR, and Operations are mostly opted by students as a safe option. But the dynamics of business have changed in the past 2-3 years and with the COVID-19 pandemic, the business needs have changed enabling different specializations to become popular.
In this blog, we will be looking at the best MBA specializations in India that can be opted by the students for having a successful career. Keep reading further.
Table of Contents
Best MBA Specializations List
The best MBA specializations list in India is as follows:
- MBA in Data Analytics
- MBA in Digital Marketing
- MBA in Business Analytics
- MBA in Strategy
- MBA in Risk Management
- MBA in Finance
- MBA in Entrepreneurship
- MBA in International Business
- MBA in Operations
- MBA in Human Resource Management
Let’s dive into the details of each of the specializations and check out the scope in different MBA fields.
MBA in Data Analytics
There is a huge demand for data analytics as businesses are scaling up their business based on the insights received from the data generated. Any form of data (audio, video, image, or text) is used to find solutions and also predict business outcomes.
Doing an MBA specialization in data analytics puts you in a position to bridge the gap between data and business. The students will be focusing on the practical aspects of data management, machine learning, analysis, and decision making.
The candidates will learn techniques to convert structured, semi-structured, and unstructured data into operational and strategic insights that help in decision-making across industries.
MBA in Digital Marketing
With the world moving towards a digital work culture due to the COVID-19 pandemic, businesses across the world are moving away from traditional marketing practices and adopting digital marketing solutions for ensuring business continuity.
Candidates doing MBA specialization in Digital Marketing will learn the nuances of various digital marketing such as content marketing, social media marketing, email marketing, etc. These skills can be applied across different B2B, B2C, and SaaS companies.
MBA in Business Analytics
There is a rising demand for business analytics professionals due to the boom in big data. An MBA specialization in Business Analytics will enable candidates to provide actionable insights to businesses from the analysis of complex sets of data.
MBA in Strategy
Strategy is one of the most important parts of a business decision and decision-makers need to figure out the best strategy as per the evolving situation. An MBA specialization in Strategy or Strategic Management will ensure the candidates of competitive edge in regard to job opportunities in any industry.
The skills obtained by the candidate can be put to use across multiple industries and such professionals are mostly in demand for middle-level marketing or consulting positions in companies.
MBA in Risk Management
MBA specialization in Risk management equips the candidates with the knowledge to identify possible risks that can impact the business and solutions that can effectively mitigate such risks.
There is a high demand for professionals in risk management due to the increasing risks that businesses are facing nowadays in the form of cybersecurity, unstable markets, competitors, etc.
MBA in Finance
MBA specialization in Finance is one of the most sought-after specializations. It is also one of the traditional specializations along with HR, Marketing, and Operations. There is a lot of scope for finance professionals in various industries and especially in investment banking, international finance, consulting, etc.
MBA in Entrepreneurship
Getting an MBA specialization in Entrepreneurship will equip students with the skills required to fulfill leadership roles in organizations. There is a high demand for such professionals in the industry as many companies are entering the market in form of start-ups.
MBA in International Business
There is a growing demand for professionals who are well versed in global business practices, and cultural differences across nations. Hence an MBA specialization in International Business can be the perfect degree for those who are looking for a job in the global market.
It will help in developing a global business outlook and improve communication skills and knowledge of various working cultures.
MBA in Operations
For a business to run efficiently and effectively, there is a need for operation management professionals. The students opting for MBA specialization in operations management will learn the nuances of supply chain management, logistics, material management, and production management as well learn basic concepts of six sigma, total quality management, etc.
MBA in Human Resource Management
With a growing number of job opportunities in the market, there is a need for professionals who can streamline the hiring process and manage employee grievances and develop employee-friendly policies in the workplace. Doing an MBA specialization in HR will equip candidates with skills to manage the workforce and take care of employee relations, payroll, and other development activities of the workforce.
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