List of MBA Specializations in India in 2022

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Have you graduated with a degree and want to continue your education? Are you a working professional who wants to improve your skills? You’ve undoubtedly considered getting an MBA, but you don’t have all the knowledge you require. 

To sum up your struggle, you have been seeking the best MBA specialization in India. 

This article will provide you with an explanation of what an MBA is, a list of MBA specializations in India, some recommendations on how to choose the best MBA specialization for you, and an overview of some of the top and highest-paid MBA specializations.

Organizations and Companies must do the following essential functions in order to create value for their consumers, produce, and sell their product or service:

  • Design, Development, and Research
  • Management of IT and MIS
  • Management of Sales and Marketing
  • Management of Human Resources
  • Production, Logistics, and Supply Chain Management are all aspects of supply chain management.
  • Accounting and Finance

Each of the functions mentioned above must collaborate to achieve the organization’s goals and objectives. Simply described, MBA education involves a study of each of these activities with the goal of preparing MBAs to be competent managers after they leave university.

Professionals are in short supply as businesses migrate to the internet. Professionals who could be analytical while also coming up with creative ideas are in high demand. As a result, MBA grads were ideal candidates. Because an MBA provides you with a comprehensive knowledge of the subject as well as managerial abilities, you will be able to enter the workforce at the mid-managerial level.

With the globe turning to online means for nearly everything due to covid, a few sectors, like as IT, E-Commerce, and Digital Marketing, to mention a few, have experienced an increasing trend. These industries are hiring. Therefore MBA candidates should take advantage of this chance and grab the opportunity coming in their way.

All of these functions are taught in the MBA Specializations in India in the first year because all MBAs should have a basic understanding of how businesses operate. MBAs choose one or two areas of focus based on their interests and job market after gaining a fundamental understanding of important tasks. So, if you decide MBA Specialization in Marketing, you will study specialized subjects in the field of marketing to expand your expertise and help you land a job in the marketing field.

What do we understand by the term MBA?

The term MBA refers to a master of business administration.

Employers will notice you if you have an “MBA” on your resume, but the true meaning of the MBA goes beyond three letters on a sheet. An MBA will help you expand your business expertise, expand your professional network, and improve your career and compensation opportunities.

Various industries require all programs offered by MBA specializations in India. These specializations allow you to dwell deeper into the field of your choice and interest, allowing you to carve out a niche for yourself in that field.

These programs often contain a core and essential curriculum of disciplines like accounting, economics, marketing, and operations and elective courses that permit students to pursue personal or professional interests. Some institutions require MBA candidates to complete an internship with a firm or organization, which can lead to real-world work prospects following graduation.

Projects, presentations, and assignments are used to put an MBA student through rigorous training. These crucial elements prepare you to deal with real-world business difficulties. Many institutes now provide internships to help you hone your abilities in the workplace.

Holding an MBA specialized degree, what can you expect to become?

What can you accomplish with a master’s degree in business administration? You can achieve almost anything if you put your mind to it. An MBA prepares you for a wide range of sectors and positions.

Here’s the few examples of jobs after your MBA specialization in India:

1. Operations Manager

Operations managers are in charge of the day-to-day operations of enterprises, government agencies, non-profit organizations, and other organizations. Operations managers supervise, hire, and educate personnel, manage quality assurance programs, develop process changes, and more in both large and small firms.

2. Marketing Manager

A marketing manager must promote a company, product, or service. Launches, advertising, email campaigns, events, and social media are all everyday activities that marketing managers organize and handle.

3. Management Consultant

Management consultants assist domestic and international clients (organizations, executives, leaders, and teams) in identifying and resolving complex business, organizational, and operational issues and defining and improving other vital procedures.

4. Management Analyst

A management analyst is in charge of performing operations and procedures manuals in order to help a company’s management run more efficiently and effectively. They undertake organizational research and evaluations, as well as work simplification and measurement studies.

5. IT Manager

IT managers are in charge of organizing, directing, and leading the organization’s computer-related operations. They assist in determining an organization’s IT and other technological needs and implementing computer systems to meet its information system requirements.

6. Investment Banker

Investment bankers assist their customers in raising cash through the issuance of debt or the sale of stock in their companies. Other responsibilities include supporting customers with mergers and acquisitions (M&As) and providing advice on unusual investment opportunities like contracts.

7. HR Manager

Recruiting, screening, interviewing, and placing workers are the responsibilities of human resources specialists. Employee relations, payroll, benefits, and training may all be handled by them.

8. Financial Advisor

A financial advisor is a finance specialist who consults and advises on a person’s or a company’s finances. Financial advisors can assist individuals and businesses in achieving their financial goals faster by advising them on wealth-building techniques.

9. Finance Manager

Finance managers look for ways to boost profits and assess markets for new company prospects, including expansion, mergers, and acquisitions. Reviewing financial reports, managing accounts, and generating economic predictions are all everyday responsibilities.

A statistic you should have your eyes on- The percentage of businesses that hired MBA graduates between 2008 and 2019 and those planning to hire in 2020 and 2021 is displayed below.

Below, we’ll go over each of these top MBA concentrations in greater depth. But first, here’s a quick rundown of how to choose the correct expertise.

What factors should you consider before selecting an MBA specialization in India? The most important parameters-

Which speciality in PGDM or MBA is the best? Should you enroll in a full-time specialized MBA program or choose an MBA specialization in the second year? The parameters listed below will assist you in making the best decision possible.

Your Career Objectives & Interests: 
  • If you are passionate about pursuing a career in a specific field, you should evaluate your interest in the MBA specialization area and apply to the program.
Occupation and Job Prospects:
  • It is critical to look at the program’s previous placement history in order to forecast future career advancement after completing the specialized MBA program.
Rankings and Reputation:
  • The range of MBA specializations is extensive, and you must select the top universities from among them. So, before you finalize your admission, look into the B-accreditation, school’s ranking, and reputation.

Without further hesitation, here is a list of MBA specializations in India.

List of MBA Specializations in India

1. MBA in Finance

MBA Specialization in Finance is a popular choice among students who want to excel and develop leadership abilities in areas such as Financial Management, Accounting, Banking, Corporate Acquisitions & Mergers, Accounting, Banking, Corporate Financial Planning, and Financial Management.

Those who want to pursue finance management as a career after completing a bachelor’s degree in commerce, science, or humanities, completed CA/CS, or have an engineering background, can pursue an MBA specialization in finance, as there is no specialized qualification requirement. Admission to the MBA Finance program is also not restricted by age.

Whereas all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • FORE School of Management, New Delhi – 2 years of full-time PGDM in Financial Management.
  • JBIMS Mumbai- 2 years of full-time M.Sc in Finance

Core Topics and Aspects taught-

  • Business communication
  • Financial markets and institutions
  • Portfolio management
  • Public financial management
  • Quantitative methods for management
  • Securities analysis
  • Strategic management
  • Treasury and risk management

2. MBA in Marketing Management

Marketing Management specialization is traditionally preferred and is regarded as the finest MBA specialization for future security, as the need for MBAs with sales and marketing abilities never decreases.

Students who want to learn about consumer behavior, sales management, branding, product development, market research, advertising & communication, services marketing, rural marketing, and digital marketing, among other topics, should pursue a marketing management concentration.

Mathematical Ability, Good Communication Skills, Analytical and Leadership Skills, Reasoning Skills, and Problem-Solving Skills are all needed skills for applicants pursuing an MBA in Sales & Marketing degree.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • KJ Somaiya Institute of Management Studies and Research, Mumbai – 2 years of full-time PGDM in Sales and Marketing.
  • TAPMI Manipal – 2 years of full-time PGDM in Sales and Marketing.

Core Topics and Aspects taught-

  • Advanced research techniques in marketing
  • Business marketing
  • Competitive marketing
  • Consumer behavior
  • Marketing communications management
  • Product and brand management
  • Retailing management

3. MBA in Human Resource Management

MBA in Human Resource Management specialization is in high demand in the industry and various sectors of business. Managing and keeping the best human resources at work has become a challenge, and as a result, the need for candidates who have completed an MBA in Human Resources is increasing year after year in corporate and industry.

 MBAs in HR are in high demand today for using their talents to hire, manage, and retain personnel in these dynamic and tough times, thanks to a growing awareness of the critical concerns in managing human resources in corporate companies.

The program requires the Human Resource Manager to ensure that the business organization has the required number of skilled employees who are knowledgeable about their jobs and the firm’s objectives. The program’s main goal is to build vital skills, knowledge, and a sensitive HR professional capable of handling both core business and human resource difficulties with ease.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • IMI, New Delhi – 2 years of full-time PGP-HRM.
  • MDI Gurgaon – 2 years of full-time PGP-HRM.
  • IIM Indore – 2 years of full-time PGP-HRM.

Core Topics and Aspects taught-

  • Cross-culture and International human resource management
  • Economics of human resource
  • Employment Relations Law
  • Fundamentals of human resource management
  • Fundamentals of industrial relations
  • Human capital management and HR Audit
  • Human resource planning and management
  • Performance management and appraisal
  • Wage determination and administration

4. MBA in Rural Management 

Rural management accounts for more than half of India’s marketing, finance, and human resources management. During the next three to four years, India will demand an increasing number of qualified professionals with an MBA in Rural Management concentration. This is why, in order to meet the needs of India’s vast rural market, international companies are increasingly attracted to skilled workers with an MBA in Rural Management.

The Rural Management MBA program has a 100% placement rate. Job prospects for qualified MBAs in Rural Management are accessible outside of college placements as well, with significant wage packages. More and more enterprises are developing with substantial placement packages for competent individuals, thanks to substantial investments and a focus on rural markets.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • Amity School of Rural Management.
  • Institute of Rural Management Jaipur.
  • WeSchool Mumbai.

Core Topics and Aspects taught-

  • Corporate social responsibility
  • E-business for rural enterprises
  • Economic analysis for rural management
  • International trade
  • Legal environment
  • Microfinance
  • Natural resource and sustainability
  • Operations research
  • Rural society and Indian polity
  • Social entrepreneurship

5. MBA in Health Care Management

A number of MBA universities are now offering a specialization in healthcare management as part of their MBA programs. This curriculum enables you with better employment possibilities by focusing on the most relevant concerns of preventative healthcare, treatment and pharma management, hospital administration and management, and health insurance.

The MBA in Health Care provides you with a wide range of opportunities in healthcare administration with a variety of firms, including hospital networks, diagnostic chains, and health insurance companies.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • KJ Somaiya Institute of Management Studies and Research, Mumbai – 2 years of full-time MBA in Health care management
  • NMIMS Mumbai – 2 years of full-time Pharmaceutical management
  • Goa Institute of Management, Goa- 2 years of full-time PGDM health care management

Core Topics and Aspects taught-

  • Business policy and strategic management
  • Clinical pharmacy
  • Financial and cost accounting for hospitals
  • Health service management
  • Hospital information management systems
  • Material management
  • Medical ethics quality management
  • Medical tourism and financial management
  • Operations and service management

6. MBA in Logistics Management

Supply chain management, sometimes known as simple logistics management, is concerned with the planning, implementing, and controlling the supply and stock of goods and services between the point of origin and the point of consumption. 

MBA in Logistics Management is an option for candidates who do not want to study Operations Management as a whole.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • Indian Maritime University, Kochi Campus.
  • Indian Institute of Logistics, Chennai.
  • Indian Institute of Management Udaipur.

Core Topics and Aspects taught-

  • Business process re-engineering
  • Economics and management decisions
  • Financial management in the supply chain industry
  • Global supply chain management
  • Introduction to logistics and supply chain management
  • IT application in supply chain
  • Logistics planning and strategy
  • Procurement consultant management
  • Strategic management
  • Supplier relationship management

7. MBA in Information Technology (IT)

Candidates with an MBA in Information Technology have an advantage in today’s competitive business world since they have a conceptual vision and awareness of technology trends.

Aside from that, candidates who have completed an MBA in Information Technology specialization have a strong foundation in management skills, as well as educating and developing managers who can effectively manage not only designing, planning, and selecting, but also the implementation, use, and administration of emerging Information Technology trends.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • Management Development Institute, Gurgaon.
  • Jamnalal Bajaj Institute of Management Studies, Mumbai.
  • Symbiosis Centre for Information Technology, Pune.

Core Topics and Aspects taught-

  • Business applications of IT
  • Data mining and coding.
  • E-business
  • Emerging IT platforms and services
  • IT consulting and advisory practice
  • IT outsourcing strategy and operations
  • IT project management
  • IT strategic planning
  • Technology entrepreneurship
  • Technology-enabled business model innovation

8. MBA in Event Management

Candidates with an MBA in Event Management Specialization are equipped to conceptualize, plan, and execute any event. Candidates who pursue an MBA in Event Management will learn how to identify their target audience, choose an event theme, determine the event’s main objective, plan and execute the theme, and issue invitations.

Although Event Management is considered a part of mass communication courses, individuals who want to focus entirely on Event Management can pursue this MBA specialization in India, which is provided at the master’s degree level by many famous universities.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • Symbiosis Institute of business management, Pune
  • National Academy of Event Management and Development.
  • National Institute of Event Management

Core Topics and Aspects taught-

  • Advertising
  • Celebrity management
  • Crowd management
  • Customer service
  • Event accounting and coordination
  • Event logistics
  • Insurance and risk management
  • Security and safety management
  • Study of Law and licenses
  • XMedia Management

9. MBA in Operations Management

Candidates in the Operations Management specialization are taught details about delivering valued end products to end customers by continuously improving productivity, quality, minimizing costs, and reducing turnaround time. An MBA in Operations Management is an excellent choice for those who want to learn everything there is to know about running a business.

Candidates who study MBA specializations in Operations Management are also prepared to cope with issues such as supply chain design, logistics services, supply chain management, and so on.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • Symbiosis Institute of Business Management, Pune.
  • BIMTECH, Noida.
  • Great Lakes Institute of Management.

Core Topics and Aspects taught-

  • Core Topics and Aspects taught-
  • Business ethics
  • Corporate governance
  • Decision models and optimization
  • International business
  • Management information system
  • Market research
  • Marketing management
  • Operations management
  • Project management
  • Strategic management

10. MBA in Business Management

As a result of the MNCs and business groups that have set up shop in India, the demand for specialists in the field of business management has increased. 

Personnel management, international business, human resource, finance, sales, retail management, and other topics are covered in depth in an MBA in Business Management program.

While all 2-year Full-Time Regular MBA programs offer this concentration in the second year, only a few elite Institutes specialize in this field.

Elite Institutions providing the mentioned specialization-

  • Indian Institute of Management, Lucknow.
  • Indian Institute of Management, Indore.
  • Indian Institute of Management, Bangalore.

Core Topics and Aspects taught-

  • Business ethics
  • Corporate governance
  • Decision models and optimization
  • International business
  • Management information system
  • Market research
  • Marketing management
  • Operations management
  • Project management
  • Strategic management

In Conclusion,

We hope that this blog has clarified all of your worries and queries about what an MBA is, what MBA specialization in India, and which option is ideal for you.

Please share your thoughts and any further questions in the comments area below. We’d appreciate it if you could contact us, we usually reply instantly.

Happy Learning!

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Digital Scholar is a premier agency-styled digital marketing institute in India. Which offers an online digital marketing course and a free digital marketing course worldwide to elevate their digital skills and become industry experts. Digital Scholar is headed by Sorav Jain and co-founder Rishi Jain, who are pioneers in the field of digital marketing. Digital Scholar’s blogs touch upon numerous aspects of digital marketing and help you get intensive ideas of different domains of digital marketing.

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