How To Choose Your Specialization In MBA

MBA stands for Master of Business Administration. It is a higher level of education known as post-graduation that is pursued after graduation. It is said to be one of the most prestigious and popular postgraduate courses in India and Internationally. If you are planning to take an MBA as your postgraduate course and are not sure how to select your specialisation then this article helps you to know how to choose MBA specialisation.

The degree is focused on business administration and is applicable to most managerial-level jobs. MBA is a two-year full-time postgraduate degree, and pursuing it can increase the chances of getting highly-paid jobs. Opting for a master's degree with the best specialisation in MBA levels up the skills that are required for career building in business and management. Choosing the right specialisation in MBA helps students to get high salary job opportunities.

Eligibility Criteria for MBA

The basic eligibility of a candidate must hold a bachelor's degree with any specialisation from a recognised university with a minimum of 50 per cent aggregate (45 per cent for Reserved category candidates)

MBA Entrance Exams for Admission

Some colleges offer MBA degree admission without any entrance exam. Some Business schools made it mandatory for an entrance exam and some conduct their own entrance exams for selecting students.

Three types of entrance exams for MBA in India

• National level
• Institute Level (MBA test)
• State Level

Top business colleges such as IIMs consider the CAT for admission. The CAT, XAT, IIFT, NMAT, SNAP, TISSNET, CMAT, MAT, IBSAT, ATMA, KIITEE, MICAT, TS ICET and GMAT are the best entrance exams for MBA admissions.

MBA Programs Types

• MBA full-time (1-2 years)
• Part-time (2+ years)
• Executive MBA (1-2 years)
• Online MBA (2+ years)
• Distance Education (2-5 years)
• 5-year-integrated MBA (includes UG and PG degree )

MBA Specialisations List

MBA is a general degree which can be specialised according to the interests and goals of the students. MBA schools offer specialisation in various fields such as MBA in Business Analytics, Entrepreneurship, Finance, HR, Marketing and Health Management, Accounting, Global Business Management, Operations Management and Supply Chain Management. MBA Information Technology, International Business, MBA Systems Management, Retail Management, Agribusiness and Logistics.

Also read: Top MBA Specialisations

There are plenty of MBA specialisations that can be picked up as per one's interest. But every specialisation holds value and helps to build an advanced career for the students. Let us look at how to select MBA specialisation.

Choosing Best Specialisation In MBA

Selecting a degree and a specialisation must be one's personal interest and career goals. Selecting a suitable specialisation helps the students to get more opportunities for building careers of their interest, highly paid jobs, of their choice and choosing the right specialisation makes you eligible for your future job. Many students are confused about selecting their specialisation, here is the guide to help you with what specialisation to choose in MBA or how to select specialisation in MBA.

Your Interest Matters The Most

Check yourself, what are your strengths and figure out where you can excel. What and in which subject or specialisation you are good at? Consider your interests and check if that interest is helping you to achieve your career goal. Once you have a clear picture in your mind that what you want to become in life, you can select your specialisation.

College Ranking

It is very important to select a well-recognised, established and reputed college. It will not only bring weight to your resume but also provides and connects you with various top companies in the field by providing placement facilities.

Institute faculty

Once you know what specialisation you are taking, have a close look at the faculty. Check their educational background and the experience they hold through their profiles. Based on the experience and most qualified faculty one can select their college.

Analyse the skills you have and what skills you must acquire for the particular specialisation that you are selecting. Select colleges that help to improve or develop your skills theoretically and practically as well. As many colleges and universities are teaching more theoretically and practical sessions are quite less.

Best Specialisation in MBA

MBA in Marketing

The marketing department deals with the company's buying or selling of products and services. Students interested in MBA Marketing and select their specialisation in marketing and deal with consumer research like consumer behaviour and products. MBA marketing includes market research, advertising, sales force management, operations management and branding.

MBA in Finance

In MBA Finance students get to learn about various finance features like investment banking, tax planning, investment, resources, management, control and review of collection and resources of money. The students learn to analyse company reports, maximize stock value, and balance risk and profitability. They are taught to choose investment portfolios, financial statement reporting, asset finance and insurance management.

MBA in Communication and Media Management

MBA in Communication and Media Management deals with the entertainment and media industries. Students get to learn in different fields such as TV, advertising, digital media and print media. They also learn about radio broadcasting, photography, videography and communication skills.

MBA in Human Resources

MBA in HR or Human Resource management focuses on the recruitment, management, and control of the organisation or workforce. In MBA HR students get to learn the skills and training to manage the workforce. Students get to learn about understanding business operations, organisational and management skills, leadership, decision-making and leadership skills.

Resource Links for Online MBA

• Online MBA Colleges
• Online MBA Syllabus
• Online MBA Admission

MBA in International Business

MBA in International Business deals with finance, accounting, marketing and leadership. Students learn the capabilities that are needed for international operations.

MBA in Logistics and Supply Chain Management

MBA in Logistics and Supply Chain Management involves learning analytical skills and management skills. In this course, students get to learn about businesses and supply chain strategy. They understand both large and small-scale inventory management.