Master of Business Administration is and has always been a well-sought after course. Although it is a core management degree, the graduates from other disciplines also choose MBA for post-graduation. As the industries are growing by leaps and bounds, it becomes rather important to know how to manage the work. Consequently, a wide variety of MBA specializations were introduced to train the candidates who would later help manage a particular segment of the industry. In the wake of this development, the Best Management Colleges in India started offering management degrees with various specializations.
Today, there is an MBA degree for almost every business domain—you name it, they have it. Having options is great until you have to pick one out of them. For doing so, two things are necessary: first is, knowing all the options and the second is, knowing which options out of those will work the best to carve a successful future. Now, we understand that both these tasks demand a great amount of effort and time. So we have jotted down the Top MBA specializations that will offer a voluminous scope in the year 2021.
The following Five are the Top MBA specializations in 2021:
MBA Marketing: Today, amidst the cut-throat competition, having exemplary marketing techniques is a must. So, MBA Marketing imparts knowledge about the whole domain of marketing focusing on subjects as Marketing, Operations management, forecasting, strategy development, digital marketing, etc. Almost every company has a dedicated department that supervises all of the marketing activities. Consequently, going for an MBA Marketing degree is a good decision.
Job options after MBA Marketing
- Market Research Analyst
- Sales Manager
- Brand Manager
- Digital Marketing Manager
- Business Development Manager
- Marketing Manager
MBA Human Resource Management: This hardly needs any introduction, right? MBA Human Resource Management has always been a people’s choice. The credit for the same goes to the capacious scope and exciting career opportunities. Talking about it, do you know that someone with an MBA in Human Resource Management can get a job in any industry or company as this is one profile without which none of the organizations can function. He or she can even work in the Top Biotech firms in India or even in the best hospitals!
Job options after MBA Human Resource Management
- Human Resources Manager.
- Human Resource Generalist.
- Staffing Director.
- Technical Recruiter.
- Executive Recruiter.
- Compensation Manager.
- Employees Relations Manager.
- Director of HR Training and Development.
MBA Finance: MBA Finance focuses on the management of accounts and finances of companies. There are certain financial objectives set by companies and to achieve those, effective management is the key player. It provides expertise in the areas of corporate investment, portfolio management, fundraising, security analysis from the domestic as well as the international market. Money is the lifeline of any organization that needs to be handled with the utmost care and with an intent to make this possible, this degree inculcates students with the quintessential skills. There is a long list of career options after concluding this degree.
Job options after MBA Finance
- Accounting Manager.
- Credit Managers & Specialists.
- Financial Analyst.
- Corporate Controllers.
- Finance Officers & Treasurers.
- Insurance & Risk Managers.
- Investment Bankers.
- Investing Sales Traders & Associates.
MBA Information Technology: MBA IT assists the students in becoming proficient at managing the information systems in a company consisting of financial management accounting, managerial economics, database management, etc. Since the degree instills the candidates with the latest technological trends and business requirements, it becomes a worthwhile degree in this modern world. This degree has ample future scope and the career opportunities can take you by surprise. As soon as one reads ‘Information Technology’, the brain paints a picture of IT-companies—and it is true. However, there is so much more to this. All the internet-based industries including e-commerce, IT companies, and alike become the ideal workplace for candidates who are just out of MBA colleges!
Job options after MBA Information Technology
- Project Manager.
- Business Development Manager/Executive.
- Marketing Manager.
- Corporate Strategy Manager.
- Analytics Manager.
- System Manager.
- Data Processing Manager.
- Business Analyst.
MBA Business Analytics: MBA Business Analytics is a new-age specialization that taps into various disciplines at once. The primary focus of the degree is to help students imbibe technical, business-related, leadership, and management skills. It makes them proficient in the areas of artificial intelligence, supply chain management, marketing analytics, data analysis, etc. Another objective here is to make students competent in understanding the business, outlining the prevalent problems, and solving them to make business more efficient. The candidates also have the responsibility of reading the underlying data and analyzing it for better decision-making.
Job options after MBA Business Analytics
- Data Analyst
- Supply Chain Analyst
- Big Data Analyst
- Business Analyst
- Market Research Analyst
- Predictive Modeller
- Technical Team Lead
Conclusion: As we cross the threshold of the New Year, a multitude of opportunities await us. The list of MBA specializations is surprisingly long. But that doesn’t imply that every option is worth picking. According to the latest trends, the five aforementioned streams are on the top priority list. So, if you were planning on going for an MBA, feel free to choose any of the above. And if you have already decided, apply online and start your quest.