Like any other graduate Indian, you must’ve turned over the idea of pursuing an MBA. This prolific degree has been one of the most important degrees in how our capitalist society has developed over the past decade or so. Nowadays though, you can choose from a general MBA or a specialised MBA that goes slightly more in-depth in one subject, at an MBA university in Maharashtra, and even other B-schools around the world. An MBA specialization can also help students tailor their curriculum to suit their career aspirations and market demands.
In this blog, as we explore the MBA course in more detail, we’ll talk about some of the MBA specialisations that we think are great for guaranteed career advancement.
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What is an MBA Course?
An MBA is a postgraduate program in business administration that most people take to get into management roles in almost any industry. Sometimes also referred to as PGP in various parts of the country, MBA courses are offered in various modes and durations. One MBA University in Maharashtra even has dual specialisation captions in its stable.
Take a look at the table below to get an overview of an MBA at the best MBA colleges in Mumbai and the rest of India.
| Course Name | Master of Business Administration |
| Duration | 1 – 3 years |
| Mode | Part-time, full-time, online, distance, hybrid |
| Level | Postgraduate |
| Eligibility Criteria | 50% or more in graduation |
| Admission Process | Merit-based or entrance exam + GD + PI |
| Common Entrance Exams | GATE, CAT, GMAT, etc. |
| Average Course Fee | INR 2 – 27 lakhs |
| Average Salary INR | INR 5 – 25 LPA |
| Top Recruiters | Amazon, McKinsey, Bain and Co., JP Morgan, Adobe, etc. |
Best MBA Specialisations to Pursue
Some of the common MBA specialisations that you’re as likely to find at an MBA university in Maharashtra as anywhere else in the world are:
Finance
This specialisation has traditionally been popular and focuses on the financial aspects of business, such as corporate finance, investment banking, portfolio management, risk management, financial analysis, fintech, venture capital, etc. Students who choose this specialisation at a university in Mumbai or elsewhere pursue careers in sectors such as:
- Banking
- Consulting
- Corporate Finance
- Asset Management
- Financial Services.
Marketing
If you consider yourself more of a creative or people person, you might choose this specialisation, which will teach you topics such as the following:
- Consumer Behaviour
- Market Research
- Branding
- Advertising
- Sales
- Digital marketing.
Students who choose this specialisation at an MBA university in Maharashtra can pursue marketing, advertising, public relations, media and e-commerce careers, among others.
Strategy
If you like to see the big picture before making a calculated move, an MBA in Strategy is the way to go. It’ll explore topics such as business analysis, strategic planning, competitive analysis, innovation management etc, and can enable you to pursue careers in
- Strategy
- Consulting
- Business Development
Human Resources
Shortened to HRM in the corporate culture, Human Resources Management has become one of the most popular MBA specialisations, with subjects such as organisational behaviour, human resource management, leadership development, talent management and organisational development being taught at an MBA University in Maharashtra. Students who choose this specialisation can pursue careers in:
- Human Resources
- Training and Development
- Organisational Consulting
Other MBA Specialisations to Take a Look At
Besides the specialisations mentioned above, many other MBA specialisations exist, catering to different domains. Here are some of them that are in demand right now, and might be worth a look at if you find an MBA University in Maharashtra offering it:
International Business
This specialisation focuses on educating students on handling businesses on a global scale, with subjects such as international trade, cross-cultural management, foreign exchange markets, global strategy, etc, in its curriculum, along with the core MBA subjects. Students who pursue this global MBA program can even get chances to experience facilities like student exchange programs.
Information Technology
This specialisation focuses on managing the IT infrastructure of a business and usually involves topics such as information systems design and development, data analytics and cybersecurity. Students who choose this specialisation can pursue careers in IT management or consulting.
Business Analytics
This specialisation focuses on the analytical aspects of business such as data mining,
machine learning and statistical modeling. Students who choose this specialisation at Universal AI University can pursue business analytics or data science careers.
Entrepreneurship
This specialisation focuses on the entrepreneurial aspects of business such as opportunity identification, venture creation and innovation management. Students who choose this specialisation can pursue careers in entrepreneurship or social enterprise.
Conclusion
An MBA can be a wise choice if you do it for the right reasons. This popular course, which has become a necessity in securing a management role in most businesses today in the corporate world, needs no second recommendation. However, whether an MBA leads to skyrocketing success, or just amounts to a bad financial decision depends on which specialisation of MBA you choose to pursue.
That’s not saying that general management programs at an MBA university in Maharashtra or elsewhere in India should be ignored – on the contrary, some people see great careers with a general MBA too. You should also research the market demand and scope of each specialisation before making a decision. An MBA specialisation can help you achieve your career dreams if you choose wisely.
FAQs
1. Which MBA specialisation has the highest salary?
The final pay you receive post-MBA depends on a lot of factors like experience, location, job role, employer, etc., but it is generally believed an MBA in Finance is the best specialisation to pursue if you’re chasing money.
2. Is an MBA better in India or abroad?
Pursuing an MBA is generally a good idea for people who can afford it regardless of the country they pursue it. However, from a cost perspective, India is better, while from a return on investment perspective, foreign countries do that better but might not be accessible to all.
3. What is the best country to pursue an MBA?
The USA, where the MBA program was first introduced remains the best destination for those looking to pursue an MBA.
4. Which MBA leads to the easiest job?
Though we can’t be sure if it is the result of corporate superstition or pop culture, it is generally believed that pursuing an MBA in HR is the way to go if you want a cushy and comfortable career.
