How To Choose Your Specialization In MBA

What is an 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 most popular postgraduate courses in India and Internationally. If you are planning to take an MBA as your postgraduate course and not sure how to select your specialization then this article helps you to know How To Choose Your Specialization in MBA.

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

Eligibility Criteria for MBA

The basic eligibility of a candidate must hold a bachelor's degree with any specialization from a recognised university with a minimum of 50 percentage 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, IBSAT, 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 Specializations List

MBA is a general degree which can be specialized according to the interest and goals of the students. MBA schools offer specialization in various fields such as MBAs 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 Specializations

There are plenty of MBA specializations that can be picked up as per one's interest. But every specialization holds value and helps to build an advanced career for the students.

Choosing Best Specialization In MBA

Selecting a degree and a specialization must be one's personal interest and career goals. Selecting a suitable specialization helps the students to get more opportunities for building career of their interest, highly paid jobs, of their choice and Choosing a right specialization makes you eligible for your future job. Many students are confused about selecting their specialization. While selecting specialization you must consider some of these things.

Your interest matters the most

Check yourself, what are your strengths and figure out where you can excell. What and in which subject or specialization 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 specialization.

College Ranking

It is very important to select a well recognised, established and reputed college. It will not only bring weightage on 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 specialization 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.

Analyze the skills you have and what skills you must acquire for the particular specialization 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 Specialization 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 specialization in marketing deals with consumer research like consumer behavior 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 analyze company reports, maximize stock value, 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, control of the organization or a workforce. In MBA HR students get to learn the skills and training to manage the workforce.

Students get to learn about understanding of business operations, organizational 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 the businesses and supply chain strategy. They understand both large and small scale inventory management.