MBA is an internationally recognized postgraduate degree that develops the business and management skills of future business leaders and entrepreneurs. An MBA degree covers a wide range of business fields like accounting, management, and marketing. There are several companies that are constantly hiring talented candidates who can communicate well and gives the organization a great profit percentage effectively.
After getting an MBA degree, you are open to a world of opportunities in the field of marketing, accounting, sales, etc. This course will enhance your career in the field of business management. You will find a number of options while taking a specialization in MBA. Let's have a brief knowledge regarding the MBA specialization.
Right Way to Choose MBA Specialization:
An organization faces multiple complex functions and departments which are handled by various departments. During the two years MBA program, the business schools make students understand to take care of various departments such as Marketing, Human Resources, or Finance as a part of their electives. After the successful completion of these two years of courses and the set of elective courses then he/she will be awarded an MBA with specialization in that particular area which will provide deep knowledge in areas of their specific interest.
Here are some corners which you should consider while choosing a specialization:
- Scopes of the selected MBA specialization: Before entering any curriculum, you must be aware of the scopes of the respected course. Students should choose the specialization that will provide a wide range of career scopes and job opportunities after they complete their MBA.
- The reputation of the Institute: The reputation of the institution you are applying for will play a vital role while you start your career in the job sector. So it is better to go to the institutes or colleges that are well known.
- ROI of the MBA specialization: After getting the job, students must get at least twice the investment made in the program. So, one must go for the MBA specialization keeping this factor in eyes.
- Faculty for the MBA specialization: Candidates should prefer the institutes having highly skilled faculty which will give you a piece of great knowledge.
Top MBA Specializations in India
1) MBA in Finance:
MBA in Finance is the most adorned specialization among the MBA aspirants in India. This course helps students to learn the basics of corporate finance and planning. An MBA in Finance can become a financial manager, accounting manager, and financial analyst and in a corporate firm. After gaining more experience, one can also occupy key executive positions such as CFO. After completion of an MBA in finance, you can also find numerous job opportunities in different sectors like investment banking, financial consultancies, merchant banking, financial institutions, and international finance.
Moreover, the course helps to develop leadership and team-building skills, ensuring the students will be able to manage and lead the finance department in an organization. The average annual salary package of an MBA finance fresher can vary from INR 2,00,000 to INR 14,70,000.
Here are the skill set, that is necessary for a candidate who is wishing to pursue MBA in Finance:
- Mathematics skills
- Strategic thinking
- Problem-solving skills
- Leadership skills
- Communication skills
Let’s have a look at some top Career options After MBA in Finance
- Corporate Banker
- Asset Manager
- Finance Ministry
- Credit Risk Management
- Hedge Fund Management
Top Colleges For MBA in Finance:
The table below is presenting a list of Top MBA Finance Colleges that are offering MBA specialization in Finance:
| National Institute of Bank Management | Xavier Institute of Social Service (XISS) |
| Narsee Monjee Institute of Management Studies | Universal Group of Institutions (UGI), Mohali |
| International School of Business & Media (ISB&M) | Lal Bahadur Shastri Institute of Management (LBSIM) |
| SP Jain Institute of Management and Research, Mumbai | Amritsar Group of Colleges (AGC), Amritsar |
| Jain University, Bangalore | IBMR Business School, Gurgaon |
2) MBA in Human Resource Management
MBA in Human Resource Management is popular as MBA HRM among all the MBA aspirants. During this two-year course of MBA, you will learn all the parts related to human resources starting from recruitment and selection to payroll and compensation management. Additionally, they are also involved in arranging training, development process, job analysis, and appraisal. As HR managers are required in every organization, there is a never-fading demand for MBA in Human Resource Management in the job market.
After completing this degree, you can get a management role in an organization where you may bag a salary package of INR 4,50,000 to INR 15,50,000 per annum.
Here is some skill set which is required in a student who aims to achieve in the MBA in Human Resource Management field:
- Communication skills
- Multi-tasking skills
- Adaptability skills
- Conflict management and problem-solving skills
- Human capital development skills
- Negotiation skills
Below mentioned are some major Career options After MBA in Human Resource Management
- HR Assistant
- HR Information Systems Manager
- Payroll Specialist
- Employee Relations Manager
- Labor Relations Manager
- Training and Development Coordinator
Top Colleges For MBA in HR Management:
As there are so many colleges offering HR Management as an MBA specialization, the following are some of the popular colleges to opt for an MBA in HR Management.
| Xavier Labor Relations Institute, Jamshedpur | Management Development Institute (MDI), Delhi/NCR |
| Management Development Institute | Indian Institute of Management (IIM) Ranchi |
| International School of Business and Media | Tata Institute of Social Sciences, Mumbai |
| UPES Dehradun | Chandigarh University |
| GNA University | JVWU, Jaipur |
3) MBA in Information Technology (IT)
In the digital age, Information Technology has a dominating influence on every aspect of our lives. Therefore, an MBA in Information Technology has emerged as one of the most important and one of the most bright specialization options for all MBA aspirants. It is the best choice for MBA aspirants who have some technical skills and wish to build their career in the business domain. Many MNCs are now hiring management graduates with IT specialization for roles like technical consultants, systems analysts, business development managers, etc. After gaining some years of working experience in the industry, you may also be hired in high-paying jobs such as Chief Technology Officer (CTO) or Chief Information Officer (CIO).
The candidates pursuing MBA in Information Technology Specialization must have the following skillset:
- Decision-making skills
- Adaptability skills
- Technical writing
- Project management
- Computer and digital literacy
Here are some top Career options After MBA in Information Technology
- IT Manager
- Computer & Information System Manager
- Project Manager
Top Colleges For MBA in IT
Here is a small list of colleges offering MBA in Information Technology:
| BIMS Kolkata | Symbiosis Centre for Information Technology |
| Balaji Institute of Modern Management | KJ Somaiya Institute of Management Studies and Research |
| CGC Landran | Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai |
| ASM Group of Institutions | Lloyd Busines School |
4) MBA in Logistics Management
MBA in Logistic Management basically deals with the planning, controlling, and implementing the supply and storage of goods services starting from origin to consumption. During this course, the students are trained to become a successful manager in the field of industrial supply and chain management.
If you want to build a career in operations, the e-commerce industry, and supply, then an MBA in Logistic Management is the best way. After successful completion of MBA Logistic Management, you can bag an average annual salary package starting from INR 6,25,000.
Here is a list of skills that must be seen in a student from MBA in Logistic Management specialization.
- Responsible
- Effective problem-solving skills
- Ability to see the big picture
- Honesty
- Calm under pressure
Here is the topmost Career option after MBA in Logistics Management
- Sales Order Planner
- Logistics and Distribution Manager
- Master Scheduler
- Supply Chain Consultant
Top Colleges For MBA in Logistic Management
Here is the list of reputed colleges offering MBA in Logistics.
| Presidency University, Bangalore | Amity Business School, Noida |
| School of Business, University of Petroleum and Energy Studies, Dehradun | ADYPU Pune |
| VELS Chennai | BML Munjal University |
| School of Management, Dr. DY Patil University, Navi Mumbai | Mansarovar Global University |
5) MBA in Marketing Management
The MBA in Marketing Management course is a two years management course that comprises an advanced study of market research and analysis along with product design, promotion, pricing, selling, distribution, advertising, and many more marketing concepts.
As we know, Marketing is a dynamic and competitive field with vast job opportunities, it also gains a piercing attraction. After completing an MBA in Marketing Management can give you a professional career as project managers, marketing managers, brand managers, and many others. With more experience, you can earn up to INR 20.43 lakh per annum in the areas of Marketing Management.
Below are the skillsets which a Candidates willing to build a career in the MBA field in Marketing Management must have:
- Entrepreneurial skills
- Interpersonal skills
- Persuasive skills
- Communication skills
Here are some major Career options After MBA in Marketing Management
- Market Research Analyst
- Brand Manager
- Digital Marketer
- Marketing Manager
- Product Management
Top Colleges For MBA in Marketing Management:
The table below shows the top colleges for MBA in Marketing Management:
| Indian Institute of Management, Ahmedabad | SVGU Jaipur |
| Institute of Public Enterprise, Hyderabad | SP Jain Institute of Management and Research (SPJIMR) |
| Poddar Group of Institutions | Indian Institute of Management, Calcutta |
| Rathinam Group of Institutions | PCTE Group of Institutions |
6) MBA in Business Management
In the current global scenario, the industrial sector needs experts in the field of business management due to the entry of various MNC’s and business groups to give competition. In the course of MBA in Business Management, you will be taught the detailed aspects of finance, sales, human resources, marketing, personnel management, international business, operations, retail management, and more.
After completing the course you may get placed in various organizations and get an average salary package varying from INR 6 lakh per annum to INR 25 lakh per annum.
An MBA in Business Management student must have the following skillsets:
- Teamwork
- Adaptability to change
- Leadership
- Problem-solving skills
Here are some Career options After MBA in Business Management
- Operations Analyst
- Management Consultant
- Equity Analyst
- Real Estate Consultant
- Business Development Manager
- Business Analyst
Top Colleges For MBA in Business Management
The following table gives you a rough idea about the top colleges offering MBA in Business Management.
| Indian Institute of Management Bangalore | Xavier Labor Relations Institute |
| Indian Institute of Management Ahmedabad | Indian Institute of Management Calcutta |
| Indian Institute of Management Lucknow | Indian Institute of Management Indore |
7) MBA in Rural & Agri Management
When it comes to agriculture, India is the top country in our minds. So as no surprise that MBA in Rural and Agri management is a great option to choose as a career path. There are more than 140 institutions in India that are offering an MBA in Agri-Business. During this course, students are taught many core subjects like farm planning, supply chain, food processing, soil management, etc.
Students pursuing MBA in Rural Management must carry the following skillsets.
- Ability to work with clients with diverse interests
- Problem-solving skills
- Knowledge of local languages
- Ability to handle masses
Here are some major Career options After MBA in Rural Management
- Operations Manager
- General Manager
- Regional Manager
- Supply Chain Manager
- Development Manager
Top Colleges For MBA in Rural Management
The list below shows the top institutes for MBA in Rural Management as a Specialization:
| Amity School of Rural Management – Noida | Indian Institute of Rural Management (IIRM) - Jaipur |
| Institute of Rural Management(IRMA) - Anand | Xavier Institute of Social Service (XISS) - Ranchi |
| Apex University | KIIT Bhubaneswar |
8) MBA in Health Care Management
Due to the overwhelming growth of this sector for the past three years, building a career with an MBA in Health care management has become a wise decision now. In this course students will get to learn about subjects like research, development, pharmaceutical administration, nursing along with enterprise management, advanced pharmaceutical management, advanced business concepts, etc.
Here are the Skillsets required for the students from MBA in Healthcare Management
- Leadership
- Quick thinking
- Adaptability
- Ethical Judgment
- Relationship building
Here are the major Career options After MBA in Health Care Management:
- Pharmaceutical Project Manager
- Hospital Administrator
- Healthcare Manager
- Administrative Manager
Top Colleges For MBA in Health Care Management
The table below is presenting some of the top institutes for doing an MBA in Rural Management:
| Institute of Rural Management(IRMA) - Anand | KIIT Bhubaneswar |
| Apex University | Xavier Institute of Social Service (XISS) - Ranchi |
| Indian Institute of Rural Management (IIRM) - Jaipur | Amity School of Rural Management - Noida |
9) MBA in Operations Management
One of the popular MBA specializations is MBA in Operations. Graduates with an MBA in Operations degree can get jobs as technical supervisor and product managers and With more experience and knowledge, they can target high-paying positions such as a general manager or Chief Operating Officers (COOs).
The candidates wishing to pursue an MBA in Operations Management Specialization must have the skillsets mentioned below:
- Adaptability skills
- Decision-making skills
- Knowledge of Quantitative Techniques & Methods for cost cut
- Analytical thinking
Here are some Career options After MBA in Operations Management
- Technical Operations Manager
- Plant Manager
- Area Operations Manager
- Supply Chain Program Manager
- Operations Manager
Top Colleges For MBA Field in Operations Management Specialization
MBA in Operations Management is offered by many institutes in India among which we are listing Some of the popular institutes below:
| TAPMI, Manipal | CDGIMS Pune |
| Indian Institute of Social Welfare and Business Management | Great Lakes Institute of Management |
| DY Patil University School of Management | School of Management Sciences |
| Alliance University | ------------------------ |
10) MBA in Event Management
An MBA in Event Management makes you capable to set up events such as seminars, conferences, symposiums, fairs, festivals, functions, exhibitions, and so on. It also deals with some major events like IPL, literature festivals, Common Wealth Games, Olympics. The salary package of an event manager after doing an MBA in Event Management can vary from INR 2,000 per day to more than INR 3,00,000 per event depending upon the skills and experiences.
MBA in Event management Students must have the following skills.
- Corporate communication
- Event production process
- Basics of PR
- IT and computer education
- Organizational behaviors
- Event planning
Here are some Career options After MBA in Event Management
- Event Manager
- Client Servicing Manager
- Exhibition Organizer
- Wedding Planner
- Event Planner
Top Colleges for MBA in Event Management
Here is the list of Some top institutes for an MBA in Event Management:
| National Institute of Event Management | Amity Institute of Event Management |
| NIMS University | Parul University |
| National Academy of Event Management and Development | SAGE University |
| MRU Faridabad | Institute of Integrated Marketing Communication and Management |
Eligibility Criteria:
- To get admission in the MBA course you must showcase your talent as the selection process is strictly on the basis of entrance exams conducted on national or state, university/institute level.
- The candidate must be a Graduate from any stream with a minimum of 50% marks in the last qualifying exam or equivalent from a recognized university. There is a relaxation of 5% for SC/ST students.
- Valid scores cards of MBA entrance exams like CAT, XAT, SNAP, MAT, NMAT & CMAT, etc.
