Did you just graduate and are confused about what to do now? Then, we are here to help you in these confusing times.
After completing their under graduation most students generally opt for post-graduation programs in the field of business, commerce, and management. One of the most popular post-graduation programs which has a very high demand among students as well as recruiters is the MBA program.
In this article, we talk about the top MBA specializations that an aspiring student can opt for.
But first, let us get an overview of what is an MBA?
Masters in Business Administration program also known as MBA is usually a 2-year program that is pursued by students who have completed their under-graduation.
This program is designed with the aim to broaden the student’s understanding of business-related topics and also help them gain leadership, organization, and decision-making skills. MBA aspirants can also opt for specialization in their interested fields.
A student’s decision to specialize in an MBA program is largely determined by their professional interests and career goals, but they must also take into account factors such as the number of full-time and internship opportunities in that field, possible salaries, and so on. A student can pursue an MBA specialization in Digital Marketing, Human Resources, Business Analytics, Finance, Marketing Banking, and many others.
Let’s take a look at some of the most popular MBA specializations that you can consider with a brief explanation
MBA In Digital Marketing
During the pandemic, the digital marketing industry has seen massive growth in its operations. Nowadays, digital marketing is an integral part of every marketing campaign. Due to its increasing popularity, many institutes are offering MBA Specializations in Digital marketing.
If you pursue an MBA In Digital Marketing then you will be able to gain an in-depth understanding of various aspects of the digital world such as Google Ads, Search Engine Marketing (SEM), SEO, Mobile Marketing, eCommerce management, etc along with leadership and managerial skills.
Students are generally taught by industry experts who have years of experience in the field, and also are provided with the opportunity to do internships at some of the most successful companies where they can put what they learn into practice. With the increase in career opportunities in this field, the salary packages are also quite attractive.
2. MBA In Finance
MBA Specialization in Finance is for those students who want to make a career in the field of Finance Management, Accounting, Banking, among others. This specialization aims to equip its students with theoretical and practical knowledge in investing, analyzing the company’s financial position, tax planning, insurance, financial reporting along with helping them enhance their organizational and managerial skills.
Due to its tremendous appeal, almost all top institutes provide specialization in Finance in their MBA programs. Students graduating in this field have many job opportunities in the private as well as the public sectors. They can also start their independent business or work in stock markets and finance firms.
3.MBA In Human Resources
A company’s employees are one of the most important assets of an organization. And managing these assets is the responsibility of the HR manager. Hiring, managing, and retaining employees has become quite a difficult task which has led to an increase in demand for HR managers.
MBA in Human Resources provided by many institutes trains the students with the knowledge on how to manage the organization’s workforce. As part of the program, the Human Resource Manager is responsible for ensuring that the organization has the required number of qualified professionals with the necessary knowledge. Since there is a need for employee management in every organization regardless of their size HR students will have many job opportunities after their graduation.
4. MBA In International Business
MBA in International Business provides its students with the opportunity to make a career in global trade and business. Students pursuing this specialization will know how to represent an organization on a global scale in order to earn foreign currency. It will also prepare professionals for the challenges related to global business, such as foreign policies, cross-country trade restrictions, international commerce management, etc.
Along with an in-depth understanding of international marketing and operations, global markets, imports and exports, the world economy, etc., students will also have management skills. After graduating, students can make a career as an Administrative service manager, export and import management, international logistics, and many other positions.
5 . MBA In Operations
Operation is an important part of every organization. It forms the backbone of every business out there. This program equips students with the knowledge of how to handle situations related to manufacturing, planning, and production. Students will also learn how to manage suppliers, optimize company resources, oversee the quality of products, etc.
An MBA in Operations is best for students who are interested in analyzing market needs, managing production, and meeting customer expectations. Operations management is an exciting career path with a lot of job opportunities. In any organization, there is a need for a particular individual who is capable of streamlining their activities, ultimately resulting in maximum profit.
Also Read: Guide on MBA Salary For All Specializations
With this, we have come to the end of the list. Here, we have only discussed the top 5 specializations but the list doesn’t end here. There are many specializations that you can take up if you are interested in any other field. Pursuing an MBA would be a great move if you want to see growth in your career graph.
But for many MBA may not be affordable in terms of money and time, as one needs to invest a large amount of both to complete the program.
At times like these one can consider doing an online course in their interested fields such as an online course in digital marketing or online course in human resources management, etc.
You can also check out our blog on how online advertising courses benefit your career to know more about the positive impact of online learning.
Editor Bio: Karan Shah is an Edu-preneur, Tedx speaker, Harvard alumnus specializing in eCommerce, and the founder of IIDE – The Digital School.