Here are the top 5 MBA Specializations that can help you to strike the right chord with the industry!
The Common Admission test results have arrived and the students are through the preparatory phase for the personal interview and their choicest MBA colleges. Choosing an MBA Specialization can be as difficult and confusing as the decision to choose a career for yourself or deciding from where you want to pursue your MBA degree. Although some MBA colleges have come up with new courses like Media Management, Hospitality and Tourism Management, Event Management and the likes their standing in the job market is important to evaluate. Before picking up these courses for MBA.
Top 5 MBA Specializations that can help you to strike the right chord with the industry:
FINANCE
If investment banking and security firms entice you, this course is for you. Finance Managers can become Accounting Managers who prepare finance reports for the company or Financial Analysts who focus on developing financial strategies and go about money management for the company.
If the balance sheet, of debt and liabilities, interest you and you have high-end analytical skills and are more comfortable working at the back-end of the company. An MBA, however, is not always enough for the following roles. At times the interviewers seek candidates with an additional CA or CS degree.
Job positions offered to Financial Management graduates!
MARKETING
Marketing needs not just management skills but communication skills, resource mobilization knowledge and leadership expertise as well. It is a hardcore front-end job and is very competitive in nature and requirements for performing the job changes often.
The job opportunities for Marketing are varied and enough. From Fast Moving Consumer Goods (FMCG), Consumer Durables, Non-Durables, Advertising, Market Research, Media, Sales & Distribution to Services Marketing, every organization needs a dedicated team of sales and marketing persons who are the true runners of the company.
If you have an outgoing and spontaneous personality, can influence people with your words and actions, and live in the moment, marketing management might be your cup of tea.
Job positions offered for Marketing Management graduates!
A large chunk of CEO positions in top multinational companies are dominated by people from the Marketing background.
OPERATIONS
The operation of the company, the functionalities of the company engine is done by an Operation Manager. MBA in Operations equips you to deal with Production Management or Shop Floor Management. Candidates are trained to maintain the flows, develop vendor and inter-departmental relationships, and do ancillary management so that the corporate house runs uninterrupted. With Business Operations as your MBA specialization, you may start off as Product Manager or Technical Supervisor and reach the position of Chief Technology Officer (CTO) or General Manager of a company, especially in manufacturing, engineering and IT sectors.
Candidates should have an eye for minutest details, precision in decision making and that to under stress, zero-error efficiency levels, steer the company at times of upheaval, excellent negotiation skills. An MBA degree in Operations definitely helps you master all this and equips you for future challenges.
Candidates from engineering background should choose MBA Operations, as it gives them an edge over their peers in product development and designing, process optimization or intranet development.
Job positions offered to Operation Management graduates!
INFORMATION TECHNOLOGY
Tech-savvy candidates, a good programmer and preferable majoring in Computer Science or Information Technology during graduation can choose Information Technology or IT as your MBA specialization to develop a business acumen for it. You can then help develop Enterprise Resource Planning (ERP) solutions for business development, e-commerce, sales and marketing, accounts, project management, HR functions and all other business processes.
This course increases your chances of getting selected in one of the Fortune 500 companies for the job.
Job positions offered to Operation Management graduates!
HUMAN RESOURCES
Human Resources or HR Managers have earned the bad name as the team that has the least work and ideal around. However, the profile of an HR Manager is tricky as it chooses the resources that run the company. From Recruitment and Selection of personnel to deciding Compensation to Employee Training and Development, increasing retention of the employees, performance appraisals, an HR manager has the final world and decides the fate of an employee. HR personnel are the first points of interaction between a company and its employees.
Job positions offered to Human Resource Management graduates!
Choose your MBA specialization depending on your personality, skills, interests and career goals. Do not get lost in the labyrinth of high career goals and fat pay package and loose your true zeal in a field. Here it is important to find a balance between what suits you and what suits the industry.
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