An MBA is a coveted degree, as a range of career options is available to graduates, as this degree program provides students with the opportunity to specialise in fields such as Finance, Marketing, Human Resources, Operations, and Technology. The initial phase of an MBA program is designed to build a strong foundation of the basic concepts across the various management subjects. In the latter part of the program, one can choose to specialize in a particular area.
There may be numerous factors that influence your decision regarding the area you wish to specialize in. Let us take a quick look at the career options after an MBA with specializations in Marketing, Finance, Human Resources, Operations, and Technology and Interesting glimpses of some engaging job avenues like what industries offer rewarding careers to these MBAs, what are the job descriptions and the popular companies.
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Some Interesting glimpses of the top 5 most popular MBA specializations are as follows:
Marketing
MBAs from the Marketing stream are even more sought after than they were in good times earlier, as it is believed that better marketing is the panacea that companies have prescribed for themselves to ward off the ills of recession in the current scenario. Career progress and salary of MBAs in Marketing depend on their capacity to innovate and is meant for leaders being a hardcore end job. MBA in marketing offers fast paced career full of challenges and growth opportunities to reach to top level positions in the field of sales and marketing.
Finance
A specialization in finance gives you the theoretical and practical knowledge in various finance related areas like international finance, investment management, taxation, tax planning, financial statement reporting and analysis, and insurance management. These insights give you a clear perspective of the responsibilities and open up career opportunities in various sectors including banking and financial services. Professionals in the finance sector usually take home fatter and juicier pay cheques compared to their peers in other industries. The closer you get to a money management role, the more you’ll make for yourself. This is one of the reasons that make careers in finance a hot favourite among MBA students.
Human Resource
MBA in HR (Human Resource) is one of the most sought after specializations of management programs being a challenging yet stimulating course in the management field. MBA in HRM aims to develop general management skills like organisational behaviour, communication skills, foundations of human resource management, etc. Human Resource Management is the process of recruiting, training and developing employees according to the organizational needs. It deals in human psychology, verbal and non-verbal communications, stress management, anger management and other areas related to manpower. MBA in HRM involves a specialised training program related to human management like strategies for recruitment, selection process, hiring of employees, onboarding, talent acquisition, training and retention of employees.
Operations
Operations management is becoming more and more popular among B-school aspirants, and the number of MBAs in this specialization is going up. Operations Management deals with the entire operation of a business organization, like maintaining process flows, developing vendor and inter-departmental relationships, performing ancillary management and shop floor management. Its scope includes purchase, marketing, finance, advertisement, public relations, sales and others.
Information Technology
Information Technology (IT) is one of the most popular subjects of specialization for those who have an IT background as a software engineer. IT Management teaches you the various dimensions of Information Technology and gives you an insight into all the wings of IT, like software, hardware and networking.
