Planning to do a
one year MBA?
Wondering what specialization would be the ideal choice for you? In the second
year of an MBA, candidates are required to choose one specialization from the
variety of specializations available. Here are the top 10 different types of MBA courses to choose from:
1.
Finance
An MBA in
finance will train you in various subjects, such as costing, management
accounting and control, budgeting, international finance, banking,
privatization, capital management, etc. Highly sought after and indispensable
to most organizations, this is a no-brainer if you’re cut out for it.
2.
General Management/Strategy
Many MBAs allow
you to specialize in general management or strategy and this is quite a popular
option too. A bit of everything and designed to create strategic thinkers is
what an MBA in strategy is about. These programs are designed for individuals wanting
a broad, yet in-depth overview of business topics, enabling them to enter into
any number of management roles.
3.
Marketing
Another
extremely conventional specialization, marketing, like finance is for those who
have a knack for it and preferably, prior experience of a marketing related
job. This specialization can help accelerate entry and progress in some of the
most competitive fields: marketing, advertising and public relations.
4.
Entrepreneurship
The new entrant
to the scene and all the rage right now – specializing in Entrepreneurship.
This is intended for those who have decided to start up or join one once the
course is complete.
5.
International Management/Business
If you wish to
become a part of an MNC or get a consulting job that requires interacting and
consolidating different global markets, an MBA in international management is a
good specialization to opt for. This MBA specialization provides an in-depth
understanding of the organizational capabilities required for international
operations, including specialized functions such as international marketing,
finance etc.
6.
Industry/Operations
Quite a niche
specialization and ideal for those who wish to advance their careers in
operations or make a career shift towards operations. A good alternative if it
fits the bill. An MBA in operations teaches how to deal with production
management or shop floor management. An operations management MBA
specialization will give insight into products, services and supply chains are
designed and managed.
7.
Information Systems/IT/Technology
This is an ideal
choice for those with a bachelor’s degree in IT and are looking for a career in
IT as well but in a managerial role. Specializing in IT can lead to professional
positions in areas such as client/server or web applications development,
systems analysis and network administration.
8.
Health Care Management
Another great
niche field that is a great area for further study and specialization if you
have a background in pharmacy or medicine but do not wish to practice full time
and are more interested in the business side of things.
9.
Accounting
An accounting
MBA will be geared towards jobs in business accounting administration. You will
gain the skills to become an accountant, financial manager, auditors, and more.
An MBA program specializing in accounting will provide in-depth knowledge that can
help find a senior level management positions in different sectors.
10.
Human Resources
Another
traditional MBA specialization, human resources is never going to go out of
demand! An MBA in HR management is for those wanting to develop a management
career in HR and strategy. It teaches you the kind of skills managers need in
order to bring in and retain a strong workforce, from initial recruitment to
the effective training and development of employees.
There are
various executive MBA programs in India that are worth considering as well
if you don’t want the traditional MBA program. Either way, what specialization
you select will be a critical decision.
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