The most common dilemma faced by students when planning to pursue an MBA from abroad is which specialization course to study. From Marketing and Finance to Human Resource Management and Information Systems, MBA is a broad domain and choosing a specialization according to your interests and skills can be a tough feat. At present, universities all over the world are offering highly specialized courses with world-class infrastructure. Through this blog, we will tell you everything you need to know about MBA specialisations so that all your confusion gets cleared and you choose the best for yourself.
Read: MBA Admission
This Blog Includes:
- Why Choose an MBA Specialisation?
- Eligibility Criteria of MBA Specialisations
- MBA Specialisations: Comprehensive List
- MBA in Marketing
- MBA in Finance
- MBA in Human Resources
- MBA in International Business
- MBA in Operations Management
- Top Global Universities for MBA
- Other MBA Courses
- FAQs
Why Choose an MBA Specialisation?
Specialising in a particular field of MBA offers many benefits for students. We have shared some of the same below.
- Choosing an MBA specialisation allows students to build a strong foundation in a particular industry of MBA, helping them to enhance their knowledge.
- When students choose an MBA specialisation, the chances of them landing a suitable job role significantly increase.
- With an MBA specialisation, students start to gain a more personalised experience that’s more in sync with their interests.
- Furthermore, with a specialised MBA, students continuously gain motivation throughout the course duration of their degree.
Eligibility Criteria of MBA Specialisations
The eligibility criteria that one has to follow to choose an MBA specialisation are the same as a general MBA.
- The student must have academic transcripts of a bachelor’s degree.
- GMAT exam score is required for study abroad purposes.
- Additionally, 3-5 years of experience is required.
MBA Specialisations: Comprehensive List
With myriad choices available to study in the MBA programs, it is important to have full information about what you are planning to pursue. So here is a list which will get you through everything you need to know about MBA specialisations.
MBA in Marketing
The reason why we have included marketing in this topic of ‘everything you need to know about MBA specialisations’ is the fact that an MBA in Marketing is one of the most sought-after courses throughout the world. As a marketing specialist, you need to have remarkable communication skills teamed with creativity and resource mobilization ability. The comprehensively covered MBA marketing subjects equip students with such skills. They learn about the techniques of how to promote the products and services of the company, designing and implementing various marketing campaigns, and effective communication with the customers, B2B and B2C. The most suitable job profiles for MBA Marketing graduates are as follows:
- Project Manager
- Brand Manager
- Sales Manager
- Marketing Manager
- Market Research Analyst
MBA in Finance
Gear up, as we are going to discuss everything you need to know about MBA specialisations in finance. The MBA in Finance syllabus prepares the students by imparting knowledge in subjects like Capital Management, Budgeting, Accounting and Control, International Finance, Costing, etc. This degree program makes an easy ticket for graduates seeking to enter the corporate world, especially in financial institutions such as banks, financial consultancies, etc. Some of the most essential prerequisites for pursuing an MBA in Finance are that the students need to display sound skills in economics, financial theory and mathematics, teamed with exceptional leadership and managerial, and organizational skills. Some of the most popular job profiles an MBA in Finance graduate can work in are as follows:
- Financial Advisor
- Financial Planner
- Chief Financial Officer
- Investment Banker
- Financial Analyst
MBA in Human Resources
One of the main job responsibilities of an MBA in HR (Human Resources) is to recruit, manage, and retain the workforce within an organization. The course structure trains the students in hiring employees and helping them with skill development in order to extract maximum benefit for the organization. The students will be taught how to regulate the workforce, assess their performance, compensation and remuneration strategy, plan various campaigns and workshops, health welfare, etc. Stanford University, University of Newcastle, and Wrexham Glyndwr University are some of the universities offering this degree program. Now that you are aware of everything you need to know about MBA specialisations, in particular, Human Resources,you can have a look at the most popular job profiles below:
- HR Generalist
- Employee Relations Manager
- Technical Recruiter
- Compensation Manager
- Employment Manager
- Staffing Director
MBA in International Business
With business expanding globally, an MBA in International Business opens the door to some of the most rewarding and exciting career options both in India and abroad. Through this MBA program, students are provided with insightful knowledge on subjects like International Operations, International Marketing, Finance, International Supply Chain Management and so on. For those who aspire to work for multi-national organizations, gain international exposure, and communicate with different people, an MBA in International Business is a suitable choice. Pursuing this program, you can work under the following job profiles:
- Risk Management Director
- Corporate Auditing Director
- Marketing and Sales Manager
- Supply Chain Management Director
- Government Affairs Director
- Business Development Manager
Also Read: Operations Management MBA
MBA in Operations Management
Here is everything you need to know about MBA specialisations in Operations Management.An MBA in Operations Management graduate is expected to have an eye for the minutest details, commendable negotiation skills, zero-error efficiency level, and technical knowledge of the processes. For this, the students through the course curriculum are equipped with skills to deal with shop floor or production management so that they can ensure that all the operations in the business are going smoothly and efficiently. It includes all the processes pertaining to planning, organizing, controlling, and supervising. Some popular job profiles a student can work in after graduating with an MBA in Operations Management are listed below:
- Purchasing and Procurement
- Plant/Facility Manager
- Warehouse Manager
- Logistics/ Distribution Manager
- Supply Chain Manager
Top Global Universities for MBA
To pursue a full-time MBA below is a table that mentions the top global universities for the same.
| Name of University | QS World University Ranking 2023 |
| Stanford Graduate School of Business | 1 |
| Harvard Business School | 2 |
| Penn (Wharton) | 3 |
| HEC Paris | 4 |
| London Business School | 5 |
| MIT (Sloan) | 6 |
| IE Business School | 7 |
| Columbia Business School | 8 |
| INSEAD | 9 |
| IESE Business School | 10 |
Also Read: Check Out The Financial Times 2023 MBA Rankings
Other MBA Courses
Now that you are aware of everything you need to know about MBA specialisations, here are some other most sought-after specialisations courses which you can consider:
- General Management
- Entrepreneurship
- Media and Communications
- Health Care Management
- Information Technology
- Sustainability
- Strategy
- Leadership
Must Read: Executive MBA in Finance
FAQs
Which specialisation in MBA has the highest salary?
MBA in Finance is one of the specialisations in MBA that has the highest salary.
Which is the toughest MBA specialization?
MBA in operations management is one of the toughest MBA specialisations.
Which MBA is most in demand?
MBA in Marketing is one of the most in-demand specialisations in MBA.
Hopefully, with this blog, you are now aware of everything you need to know about MBA specialisations. It is important to note that the January intake is currently rolling and many MBA colleges are accepting applications. Thus, if you are planning to pursue an MBA in any of the aforementioned courses but are confused about the admission process then the experts at Leverage Edu will lend you a helping hand. From completing admission-related formalities to writing an impeccable statement of purpose, the counsellors will guide you at every step.
