- Sakal India Foundation
- November 10, 2021
Masters in Business Administration (MBA)
Masters in Business Administration has been one of the most sought after courses in the last few years. Considering the versatility of business there are now various streams that people pursue an MBA in. There could be an MBA in Finance, Marketing, Advertising, Communication and the likes of others.
An MBA degree is also considered to be an important means to steadfast your career. It helps in improving your chances of getting a promotion and also helps in gaining better industrial insights.
Why Choose MBA: Here’re Top 5 Reasons
There could be many reasons why people choose an MBA. Most of it is for the reasons of progressing further in one’s career, the other could be to gain a better understanding of managerial positions.
Additionally, a higher salary is another reason why people choose to pursue an MBA.
Here are all the reasons why people choose an MBA degree:
1. Develop advanced management skills: An MBA course will give you insights into managing a team and help you come up with better solutions for problems.
2. An MBA specialisation can help you meet your goals: Be it a promotion, or where you want to reach in your career. MBA degrees are known to get you higher up on the ladder.
3. Better connections: Through an MBA degree, you make connections with possible leaders of the future. The people you meet in an MBA course will go-ahead to take up high positions in different companies, which means they will be the leadership of tomorrow.
4. Helps startup: An MBA course is where you can meet like-minded people to help you build on the kind of start-up that you envision building.
5. Higher salaries: MBA graduates are the highest salary takers in the market and hence is a promise for a better package.
Top 15 MBA Specialization in India 2022
When it comes to deciding on an MBA course, it could be a challenging decision to make. Additionally, it is also important to choose the right MBA that helps with your career progression.
Here’s a list of the most in-demand MBA specialization you can consider in 2022 in India:
1. MBA in Design, Research and Development
Design research and development is considered to be one of the most chosen MBA courses in India. Design, research and development related to product development and has a huge demand in the commercial market.
2. MBA in Logistics and Supply Chain Management
This is yet another very widely chosen MBA option in the country. Logistics and supply chain management is very crucial fields in any organisation and needs a lot of managerial and administrative skills. Hence is also considered to be a very high paying job as well.
3. MBA in Marketing Management
Needless to say, sales and marketing are some of the most essential departments of a company, that helps bring money to the company. Hence, an MBA degree in sales and marketing is very famous in India. Additionally, if you are a creative person, then this is a good option.
4. MBA in Human Resources Management
Human resource management is another important job, wherein the person is responsible for managing all the individuals in a company. It is an extremely demanding job and also need a lot of skills in understanding and building human relations.
5. MBA in Financial Management
Financial management is one of the most intricate and complex courses when it comes to an MBA. It is also one of the most promising career options and has long term benefits if you wish to do anything in the field of finance.
6. MBA in IT & MIS Management
In the last decade, the demand for IT graduates has grown exponentially. It is also one of the most famously opted courses in India. IT and MIS Management is also a very famous course as it helps the graduates gain better insights into their fields.
7. MBA in International Business
Corporates are employing prospective employees to represent their organisation on a worldwide level, therefore an MBA in International Business is one of the most popular specialities nowadays. The fundamental goal of this speciality is to help students comprehend the operational process and obligations of international commerce, as well as to discover the best techniques for increasing imports and exports through research generation, scrutiny, and analysis. Students are taught how to deal with issues that emerge in international business, such as trade barriers, economic restraints, and demographic constraints.
8. MBA in Logistics Management
An MBA in Logistics Management is specifically designed to prepare students for careers in industrial supply chain management, logistics, and e-commerce. The programme is designed to match the skill set needed to deal with commodities, inventories, and transportation services.
9. MBA in Artificial Intelligence
An MBA in Artificial Intelligence is projected to increase at a rapid rate in the next years as technology advances. As a result, this expertise is expected to be in high demand among a large number of young people who want to work in the AI business. The course will cover both technical and quantitative ideas, as well as the development of a strategic mentality to enable data-driven decision-making.
10. MBA in Business Analytics & Big Data
Because of the growing need for Big Data analysis, businesses are always on the lookout for competent managers. As a result, universities have added this popular course to help students comprehend the value of data and quickly analyse, decrypt, and interpret actionable solutions in order to have a positive organisational effect.
11. MBA in E-Commerce
An MBA in e-commerce is meant to provide students with a thorough grasp of the main ideas involved in conducting business online, as well as a thorough comprehension of traditional vs online business approaches. General business management, financial, and marketing skills development, as well as leadership, problem-solving, and decision-making, are all part of the curriculum. It improves students’ ability to effectively manage their online business operations while avoiding the industry’s usual traps.
12. MBA in Pharma & Health Care Management
A career in the pharmaceutical and healthcare industries has risen in leaps and bounds. To obtain an advantage over the competition and capitalise on the sector’s rapid expansion, individuals are prioritising a career in this field. Advanced pharmaceutical administration, nursing, enterprise management, and advanced business ideas are some of the aspects that shed light on this subject.
13. MBA in Entrepreneurship
In recent years, India has been acknowledged as the world’s entrepreneurial hub, and pursuing a degree such as an MBA in Entrepreneurship has been extremely popular among young entrepreneurs. The programme is meant to equip students with the necessary information, skills, and opportunities to generate out-of-the-box business concepts, establish a commercial enterprise, and successfully maintain the networks required for company growth. The course covers the fundamental technical and practical aspects of starting a business.
14. MBA in Communications Management
Because of the constant evolution of the current trends and technologies, a specialist subject such as MBA in Communications Management has emerged. As a result, aspirants who are considering pursuing an MBA in Communications Management should be able to think analytically and creatively. This programme is aimed to offer students with conceptual information while also allowing them to exercise their analytical and creative thinking skills. It covers studies that assist students gain a better understanding of the socio-psychological framework of business and communications, as well as subjects that help them make better decisions.
15. MBA in Rural & Agri-Business
The MBA in Rural & Agri-Business provides a thorough understanding of key aspects of the global and Indian agriculture markets. Students pursuing this specialisation will gain an in-depth understanding of topics such as farm planning, soil management, economic policies, supply chain management, food processing, and so on.
Post Graduate Diploma Vs MBA
A postgraduate diploma is a programme given by colleges that are not associated with universities. An MBA, on the other hand, is only recognised by institutions or colleges that are linked with it. The MBA programme is more theoretical, whereas the PGDM programme is more technical, providing exposure to real-world business issues, as well as current innovations and trends in company management.
The main subjects of both MBA and PGDM programmes are very similar. An MBA programme, on the other hand, focuses more on the technical and theoretical components. PGDM programmes, on the other hand, place a greater emphasis on hands-on industry experience. The MBA programme develops the abilities needed in today’s market, while the PGDM programme helps students build practical marketing skills from an industrial perspective. The MBA curriculum is quite inflexible and does not take into account industry requirements, but the PGDM curriculum is more responsive to changing business demands, resulting in more flexibility in the curriculum. As a result, they are in sync with business trends, and candidates are far more adept at becoming industry-ready.
While choosing which course to pursue could be a difficult decision to make, it is important to make the right choice for a bright future. We at Sakal India Foundation would like to help you make more informed choices and build lasting careers. It is important that guidance is found earlier in life so that one does not have to struggle with mid-career progression issues.
It is also important to build a lasting foundation when it comes to education, because that is what helps us build a promising future.