In the second year of the MBA degree, most universities and colleges provide specialization. And one of the most crucial decisions an MBA student will make is choosing their specialization.
They start to have a lot of inquiries. Which MBA specialization is the best? What area of expertise best fits my set of abilities? How much will I be paid? Which employers search specialization in that field of work? After completing a certain expertise, what are my alternatives for a career? And a lot more.
First off, there is a wide selection of MBA specialization available. The following are just a few of them: operations management, human resource management, telecom management, financial management, infrastructure and real estate management, oil and gas management, energy management, entrepreneurship management, and retail management etc.
Top 6 MBA specializations in India, along with job descriptions:
1.MBA in Finance:
The MBA in Finance is one of the highest paying specialization in India, according to placement data from prestigious universities. Finance is still a popular choice for MBA students despite being one of the oldest disciplines currently in use. Students considering an MBA in Finance must have a solid understanding of the financial industry.
Job market in Finance:
ICICI Bank, Axis Bank, Deutsche Bank, Infosys Technologies, Kotak Mahindra Bank, Cognizant Technologies Solutions, Accenture Services, Deloitte Touché Tohmatsu, Tata Consultancy Services (TCS), Thomson Reuters, and the Royal Bank of Scotland (RBS) are among the companies mentioned.
2. MBA in Sales and Marketing:
The most established and well-liked specialization for MBA students is in sales and marketing. It is crucial to consider availability across the nation due to strong demand and rising consumption of diverse items. Sales and marketing experts oversee organizing and managing this process.
These learners must possess outstanding communication abilities. They must also have original ideas and the capacity to persuade others.
Job market in Sales and Marketing:
In addition to these companies, there are others like Airtel (Bharti Telecom), HDFC Bank, Reliance Communications, IDEA Cellular, ICICI Bank, Tata Teleservices, Vodafone Essar, Hindustan Unilever (HLL), ITC Limited, Tata Motors, and India MART Intermesh.
3.MBA in Human Resource (HR):
One of the most profitable, unique, and challenging jobs is in human resources. To hire the most qualified workers for a firm, HR specialists put in a lot of effort. With an MBA in HR concentration, a candidate can learn how to manage everything from hiring new employees and setting remuneration to employee growth, training, job analysis, and anything else involving a company's resources. The HR department also has the duty to balance the needs of the employees' personal goals with the needs of the business.
Job market in Human Resource (HR):
Accenture Services, Deloitte Touché Tohmatsu, Infosys Technologies, Wipro Technologies, IBM Global Services, Capgemini, Cognizant Technologies Solutions, Larsen & Toubro (L&T), Reliance Industries, Magna Infotech, Adecco, Future Group, Tata Motors, ICICI Bank, etc.
4. MBA in Information Technology (IT):
No company or service in the modern era can run without the aid of information technology. IT plays a role in some aspect of our daily lives. Strong IT assistance is essential for a company to be successful. The IT department's role increases with the size of the company. The MBA in Information Technology specialty prepares the applicant in technology management to manage such a crucial and significant department. The goal of this specialization is to create individuals who can manage an organization's information and communication technologies.
Job Market in Information Technology:
Numerous companies include Cognizant, Deloitte, Wipro, HCL Technologies, KPMG, ICICI Bank, and others.
5. MBA in Operations:
Students choosing the MBA in Operations program deal with the production-related parts of a business, including raw materials, quality control, supply chain management, logistics, production planning, inventory control, improvement, and much more. That implies that a product manager is responsible for everything, from interacting with vendors to securing the best offer.
Job Market in Operations:
Reliance Industries, Tata Motors, ITC Limited, Mahindra & Mahindra, Godrej & Boyce Mfg. Co., Asian Paints, Bharat Forge, Hindustan Unilever (HLL), UltraTech Cement, Larsen & Toubro (L&T), Cadbury, are just a few examples.
6.MBA in International Business:
Most companies deal with clients from all around the world. As a result, there is a significant demand for people who are knowledgeable about how different countries' legal systems operate and how cultural differences may affect a company knowledge of International, Global Market and Process may add edge in Aspirant.
Job Market in International Business:
Amazon, Godrej ,HP ,Royal Enfield, Wipro Technologies, ICICI Bank.