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Top 4 MBA specializations: Which one to choose?

Everyone is working in the world but not everybody is making the cash registers ring. The only reason behind it being so is effective management. Since the time immemorial, people have been making strides to become rich but only a few attain so. Out of those who couldn’t get it all some blamed the profession, others the  times and some few noticed that it was only the lack of management. For those having innate skills, transforming the dreams was easy; for others, it was a daunting task. So, to train those exempted from this skill, a new course was introduced: Master of Business Administration or MBA. For the sake of imbuing the young minds with managerial tactics, a lot of new MBA Colleges in India entered the picture.

Momentarily, MBA is alive with streams; there are so many specializations within this sphere. Harbouring such great number of streams, the decision-making process has become a little tedious task. However, this can be simplified with one witty approach: looking for the top ones. The industrial trends keep on changing; sometimes the technical people get more weight age and other times, the non-technical. But it is certain that companies have to be managed. They really can’t run without these four things: Human Resources, Finance, Marketing, and Information Technology. And hence, these become the top four management courses of all time which are immune to the changing patterns. For those who are in the last year and those who are thinking about the options available after BBA, we are here providing an education sneak peek pertinent to these four streams.






1.       About MBA in Human Resource Management

 
Human Resource is the lifeblood of any company. If you ever rank things according to their importance, you would know that HR would be topping the charts. When a resource is such important, its management becomes necessary. This is the reason why MBA in HR won’t ever go out of fashion. Within the course, the candidates would be taught all those subjects which have an employee-centric approach.

Future prospect: Concluding this degree, the students can become HR executives in any organization they want. Apart from this, the students can become Compensation Manager, Manager of Employee Relations, HR Generalist, Technical Recruiter, Director of Staff, Placement Manager, Training and Relations Manager, Organizational Consultant, etc.

Ideal students: Since HRM goes great with amicability; it becomes one of the prerequisites for this course. Students who have the following skills should choose this degree: Excellent Leadership, splendid communication skills, a knack for supervising and strength to do dynamic planning.

2.       About MBA Finance
 
Finance, an integral part of any economy, cannot be handled by any other person; it demands special care. So, MBA in Finance is a tough field. To be able to work in this department, one has to have an all-inclusive sight of finance management along with the business. This stream primarily inculcates students with an education in statistics, leadership, economics, strategy, and marketing.

Future Prospect:  While wrapping up this degree, the students will witness many avenues opening. The most remunerative job profiles after this degree include Cash managers, Credit managers, Investment banking associate, Bankers, Finance officers, etc.

Ideal students: Yes, you are right. A firm hold on Mathematics is required on top of impressive communication skills. With the expansion of experience stature, the scope will also stretch.

3.       About MBA Information Technology

Information Technology might seem a full high tech degree but just so you know, MBA in IT is of basic level and comprehensible by almost every graduate. Information dissemination and storage are two major tasks which are etched to this discipline. Aplenty companies have information flowing every second through their systems. Cash registers, data warehouse, digital sheets, or any other sort of information configure a company’s tasks. So, MBA IT integrates business acumen and Information management while focusing on the greater good for the organization as a whole.

Future Prospect:
A description of this company might create an image in one’s mind that it has not much to offer. This is not true though. IT and business sectors are two hotspots which desire IT MBA candidates. With this degree, the students can work as Business analysts, Business Development Manager, ERP consultant, Project Manager, Quality Assurance Manager, Process consultant, Management Professionals, etc.

Ideal Students: Having a strong pull towards the IT sector might act as a reason to choose this. Also, those who have graduation in one of the IT engineering courses can add MBA (Information Technology) in their portfolios and witness the scope expanding. All in all, those having a flair for IT services should definitely go for this degree.

4.       About MBA Marketing

 
The technological advancement has helped marketing leap further. As time passes, the theories of marketing keep on changing and it becomes important to understand the trends. The present marketing strategies, tactics, and methods play an important role in promoting the business and hence they have gained such importance in the present times. After all persuading people is a heavy task.

Future prospect: When you have MBA Marketing degree in hand, you can apply for a lot of career opportunities. It can help you become Brand Manager, Digital Marketing Manager, marketing research analyst, Sales manager, Chief Marketing Officer, etc.

Ideal students: Obviously, those having flair for showcasing the products/services do pretty well in this field. Those who have the skill to coax and smartly make long term relationships with the prospects are perfectly fine for this pursuit.

As we always say, the best is not the best just because everyone perceives it to be. The “best” varies from person to person, interest to interest. With regard to this idea, you can surely and certainly deduce the best option for you. The only thing which is wholly up to you is choosing one of the best management colleges in India.

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