Like other master degrees MBA has also
evolved over the years. It is not only a mere degree of Business
Administration; rather now it has many specializations, many programs and much
diverse scope. In this article, we will discuss specializations you can take
for your MBA after engineering or any degree, the best MBA courses in the
world, the scope of each MBA course, the expected salaries and many more.
We can help you to get direct admission
in Top MBA college of India in any Top MBA specialization. You will get
complete detail about the MBA specialization in this blog so that you can take
best decision .We have team of education consultants who can help you to choose
particular MBA specialization and Top MBA college.
Let’s get started with the diverse
degree and specialization MBA can offer along with the expected salaries and
future potential. Then we will look at other aspects of the MBA.
The core courses in the MBA program are
designed to introduce students to the various areas of business such as
accounting, finance, marketing, human resources, operations management, etc.
Students in MBA programs have the option of taking general business courses
throughout the program or can select an area of concentration, though many
institutes (especially in India) offer their own specialized courses, which
means that the institute itself chooses the specializations for students. But
still some colleges give you option to choose MBA specialization.
List of MBA Courses
Let’s start off with the traditional
courses MBA offers and then gradually we will explore more avenues and degree
of specialization.
MBA in Finance
This is one of the traditional fields
in which students can pursue their career. It has varied scope and the
opportunity is much diverse as it is comparatively a difficult specialization
than Human Resource and Marketing.
Best Institutes:
- Indian Institute of Management, Ahmedabad (IIM A)
- Indian Institute of Management, Calcutta (IIM C)
- Indian Institute of Management, Bangalore (IIM B)
- Xaviers Labour Research Institute Jamshedpur (XLRI)
- Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS)
Expected Salary: In
India the salary ranges from $4000 to $30,000 and if you compare the salary all
over the world the range is from $30,000 to $90,000, however the salary varies
as per the institute you choose to do MBA from, the country and the company.
Future Scope: The
future potential for MBA (Finance) is amazing. First thing you should keep in
mind is that your competition is with CFA (US level) and CA students. The more
equipped you become, the more opportunities you would be able to create for
yourself.
MBA in Human Resource Management
If you have a knack toward handling
people and tendency to understand complex nature of different human being every
day, this is the career choice you should make. It is all about people
handling, so get yourself ready from the foundation of human psychology.
Best Institutes: If
you would like to do your MBA from foreign universities, the best is Symbiosis
Institute of Business Management (SIBM)
- Symbiosis Institute of Business Management (SIBM)
- Tata Institute of Social Sciences (TISS)
- Xavier Labour Research Institute (XLRI)
Expected Salary: In
India as a human resource professional you can expect a salary around $4,000 to
$25,000. It can be more or less depending on the company and the institute you
choose to do your MBA from. Around the world, the scope for human resource
professional is much higher, thus the salary often goes up to $100,000 if you
would get an opportunity in a Fortune 100 company.
Future Scope: Human
resources professionals have great career scope if they build themselves up
regularly. The better their human skills, better their career opportunities. If
they do well in their career, they can go up to Director (HR) or VP in Human
Resource.
MBA in Marketing
This specialization is for people who
love to communicate with other people and are bold, enthusiastic and charismatic.
If you don’t possess these characteristics, nothing to worry. There are plenty
of examples where introverts have turned out to be the best salesmen in the
history of the company. Only thing you need to train yourself to do things that
you need to do on a sales call or on a marketing campaign.
Best Institutes: All
over the world, the best marketing institute is Narsee Monjee Institute of
Management Studies (NMIMS), Bengaluru
- National Institute of Banking and Management, (NIBM), Pune
- National Institute of Technology (NIT), Tiruchirappalli
- Nirma University Institute of Management (NIRMA), Ahmedabad
- Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad
Expected
Salary: Compensation of marketing specialization is huge
because the earning potential is much higher. As marketing is a direct function
which brings in revenue for a company, people who belong to marketing domain
are paid very well. In India, the salary ranges from $10,000 to $35,000. All
over the world, most certainly the salary range is much higher, i.e. starting
from $40,000 to more than a lakh per annum.
Future
Scope: Usually as the marketing people is directly
involved with the market, they have the opportunity to grow in the business and
become the future CEO of a company. As they understand the market well, they
can also strategize well.
MBA in Information Technology
This is the age of massive revolution
and that revolution is brought forward by disruption technologies like
internet. If you have zeal to learn the nitty-gritty of computers, information
system, how they operate and how applications are being programmed and executed
you should opt for IT specialization. You need to also keep in mind that MBA in
IT doesn’t mean you need to be only technically sound, rather it also needs a
high level of business acumen to prosper.
Best
Institutes:
1.Indian Institute of
management-Ahmadabad
2.Management development
institute-Gurgaon
3.Xaviour Labour relations
Institute-Jamshedpur
4.Faculty Management studies-Delhi
5.National Institute of Industrial
Engineering-Mumbai
6.SP Jain institute of management and Research-Mumbai
7.Indian institute of foreign Trade-New
Delhi
8.Institute of Management
Technology-Ghaziabad
9.Shailesh Mehta school of
Management,IIT-Mumbai
10.Xaviour Institute of
Management-Mumbai
11.Indian School Of Business-Hyderabad
12.Indian Institute Of
Management-Lucknow
13.Indian Institute Of
Management-Kolkata
14.Indian Institute Of
Management-Indore
15.Indian Institute Of
Management-Bangalore
Expected
Salary: The salary differs as per the company and the
institute you choose to do your MBA in IT from. In India, you can expect a
salary of around $5000 to $30,000 after passing out from MBA. In the world the
scope and salary both are exponential. If you have an MBA in IT and can tap
into the opportunity in USA or Australia, then you are as valuable as a
computer engineer passing out from a university. Your salary will range from
$60,000 to $90,000 per annum.
Future
Scope: The future scope of an MBA in IT is multi-fold. As
you have both the technical expertise and the business acumen, your scope for
the future cannot be over-emphasized. In this age of digitization, the value an
IT professional can bring is massive and thus you can easily grow up to Chief
Technology Officer (CTO) in any big company over time.
MBA in Agri-business
This is a new field that is emerging
and India is a good ground for expanding your knowledge and expertise. As most
of the GDP growth comes from Agriculture in India, the potency of this degree
is far better than any other recently evolving MBA program. If you have a knack
for agriculture and business, you can juggle your passion with an MBA in
agri-business.
Best
Institutes: In India, the potential for
agri-business is magnificent. The best institute to enrol for your MBA in
Agri-business is IIM, Ahmedabad. Other than that you can choose National
Institute of Agricultural Extension Management and Indian Institute of Forest
Management.
Institute of Agri Business Management
International Agri-Business Management
Institute
Expected
Salary: The salary range in India is very promising. It
ranges from $8,000 to $40,000. Foreign universities are still experimenting
with this area of specialization.
Future
Scope: The world is realizing the value of Agriculture.
And India is the forerunner of this global revolution. This is comparatively a
new field. If you can stick to this in your career you can grow multi-fold in
near future.
MBA in Corporate Social Responsibility
This is the top most specialization of
MBA in the world according to a recent study. Though India has yet to fully
realize the value of this area, the opportunity in this field is magnificent.
This area emphasizes on the value of contributing to the internal and external
stakeholders beyond the area of business. More and more students are getting
interested in this area of specialization. If you are a believer in altruism,
you should opt for this area for your MBA studies.
Best
Institutes: All over the world, this area is making
a huge impact. The top most business schools which are teaching corporate
social responsibility are in India. In India, this area is yet to make its impact. However, IIM Ahmedabad
and IIM Bangalore are two institutes in India which are teaching corporate
social responsibility. Other than that even Mysore University offers this
specialization.
Expected
Salary: The salary ranges around $35,000 to $60,000 per
annum.
Future
Scope: In India, now it is mandatory for a company whose
turnover is $20 million to contribute 2% of their profit. It shows that even
India is realizing the value of corporate social responsibility. Even if it is
comparatively a new field to further your study, the potential is huge and you
can truly make your mark by opting for this area of specialization.
MBA in Operations Management
This is also relatively new as a
specialization for MBA. In this area of specialization, you need to study two
parts of operations and production. First part is how the service operations
are done and second how the manufacturing operations are being done in a
company of repute. If you are a keen planner and love to go in detail of
everything, this field will interest you a lot.
Best
Institutes: If you would be able to do this
specialization from foreign universities nothing like it.If you opt for Indian institute you have options. In IIM
Ahmedabad, IIM Bangalore and IIM Calcutta, operations management is taught.
Other than that, you can also opt for S.P. Jain Institute of Management.
Expected
Salary: As it is relatively new field, the salary range is
lower than the finance and marketing specializations. But if the professionals
are eager to grow they can quickly reach the level. Initially after coming out
of MBA, a student of operations management can expect around $30,000 to $40,000
in USA and UK.
Future
Scope: Very few people in management understand the detail
of how manufacturing is done. If you can master the field of operations
management, the future looks bright for you. You can quickly make your move
toward the top most position of a business if you have the zeal to learn
continuously and have growth mind-set.
MBA in International
Business/Management
Now the business is globalized. It is
not restricted to a single country or region. It is spread over everywhere and
thus there is a dire need to connect everything with an invisible chord.
Because the culture are diverse, business etiquettes are different and way of
operations are varied. To properly make a linkup between countries you need
certain skills and acumens which MBA in International Business can provide you.
It is also an evolving field of management and has a lot of scope in the market
today.
Best
Institutes: MBA in International Business are
taught in IIM Calcutta, IIM Ahmedabad and Indian School of Business if you opt
for Indian B-Schools.
Expected
Salary: Since this is not a country oriented job the pay
package is superb. You can earn around $10,000 to $50,000 if you are a pass-out
from a reputed university or institute India or abroad.
Future
Scope: With International Business degree the world would
be within your fist. You can be now International Business Development Manager,
International Marketing Manager, Global Business Manager or Investment Banking
manager and gradually you can go to the top of any business.
MBA in Strategy
Strategy earns the revenue of any
business. If one is a good strategist s/he would be able to optimize all the
resources the company has and utilize them for achieving the new target the
company has set for itself. Strategy is king and that’s why the world has been
realizing the value of emphasizing on strategy in MBA specializations. If you
have a knack to solve the problems and think ahead of time, you can opt for
this area of specialization.
Best
Institutes: In India, you can go for IIM Bangalore, IIM Calcutta and S.P.
Jain Institute of Management.
Expected
Salary: As strategy is almost similar to marketing
function, the salary is almost in the same range. You can expect around $10,000
to $50,000 per annum.
Future
Scope: The best strategist becomes the CEO of the company.
So if you are wondering what would be your future potential if you have
completed your MBA in Strategy, don’t think at all! You can become the next
superstar of the company if you keep growing and keep learning.
MBA in Hospital Management
Healthcare often is the best industry
for managers. Although only recently this field of MBA is growing importance.
The people who have completed their MBBS are now getting interested for MBA in
Hospital Management. Not only medical doctors, people who are eager to explore
the opportunities in Healthcare Industry are also opting for Hospital
Management. It is comparatively complex than other field of management, thus
the scope and opportunities are constantly increasing.
Best
Institutes: In India, this area of specialization
is very popular. The top most institutes like Faculty of Management Studies,
Symbiosis Centre of Health Care, Tata Institute of Social Science are teaching
Hospital management. In most of the universities abroad they are teaching
hospital management which they call hospital administration.
Expected
Salary: The salary range is higher than normal MBA's
because most of the graduates are often doctors. The salary ranges from $20,000
to $70,000 per annum.
Future
Scope: In this field students can opt for administration
completely or can take over the major stake in a business i.e. the position of
the CEO. They can start off as a Manager or Senior Manager in hospitals and
nursing homes.
MBA in Entrepreneurship
The twenty first century is the age of
millennial. They want to start their own thing, make their own art and create
something that will leave a legacy around the world. And thus entrepreneurship
is the hot option for them. If there is a course designed just for them, they
would definitely explore. And that is MBA in Entrepreneurship is all about.
More and more students are opting for this specialization because they want to
learn the basic of the craft which make a business tick.
Best
Institutes: In India there are IIM Bangalore, IIM
Ahmedabad and IIM Calcutta and also Entrepreneurship Development Institute of
India, Indian Institute of Foreign Trade where you can pursue your MBA in
Entrepreneurship.
Expected
Salary: The matter of salary is immaterial in this area of
specialization. Because you get to choose how much you would like to earn. You
would be the owner of the business, you would decide how much risk you would
bear and how much revenue you would want to generate.
Future
Scope: Your future begins now. You can be the CEO, CFO or
MD of your company. Or if you would like to join with your friends or family
business you can hold a position as per the need of the business.
WE CAN HELP YOU TO GET DIRECT ADMISSION
IN BEST MBA COLLEGES
- Here is a list of Best B-Schools covering from all over the cities like Pune, Bangalore, Delhi, Mumbai etc.
- Xavier Labour Relations Institute (XLRI), Jamshedpur
- SP Jain Institute of Management & Research (SPJIMR), Mumbai
- Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
- Department of Management Studies (DMS), IIT Delhi
- Indian Institute of Foreign Trade (IIFT), Kolkata
- Indian Institute of Foreign Trade (IIFT), New Delhi
- Management Development Institute (MDI), Gurgaon
- National Institute of Industrial Engineering (NITIE), Mumbai
- Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
- Tata Institute of Social Sciences (TISS), Mumbai
- Department of Industrial and Management Engineering (IME), IIT Kanpur
- Department of Management Studies (DoMS), IIT Madras
- Institute of Rural Management, Anand (IRMA)
- Mudra Institute of Communications, Ahmedabad (MICA)
- Symbiosis Institute of Business Management (SIBM), Pune
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune
- Sydenham Institute of Management Studies and Research (SIMSREE), Mumbai
- Vinod Gupta School of Management (VGSOM), IIT Kharagpur
- Xavier Institute of Management (XIM), Bhubaneswar
- Department of Commerce, Delhi School of Economics, University of Delhi
- Department of Financial Studies (DFS), University of Delhi, South Campus
- Department of Management Studies (DOMS), IISc Bangalore
- Department of Management Studies (DOMS), IIT Roorkee
- FORE School of Management, New Delhi
- Institute of Management Technology (IMT), Ghaziabad
- International Management Institute (IMI), New Delhi
- KJ Somaiya Institute of Management Studies and Research (SIMSR), Mumbai
- Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi
- TA Pai Management Institute (TAPMI), Manipal
- Bharathidasan Institute of Management (BIM), Trichy
- Faculty of Management Studies, Banaras Hindu University (FMS BHU)
- Goa Institute of Management (GIM), Goa
- Great Lakes Institute of Management (GLIM), Chennai
- Hyderabad Central University (HCU), Hyderabad
- ICFAI Business School (IBS), Hyderabad
- Indian Institute of Forest Management (IIFM), Bhopal
- Institute for Financial Management and Research (IFMR), Chennai
- Loyola Institute of Business Administration (LIBA), Chennai
- MANAGE, Hyderabad (Agri-Business/Rural Management only)
- Narsee Monjee Institute of Management Studies (NMIMS), Bengaluru
- National Institute of Banking and Management, (NIBM), Pune
- National Institute of Technology (NIT), Tiruchirappalli
- Nirma University Institute of Management (NIRMA), Ahmedabad
- Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad
- Prin. LN Welingkar Institute of Management Development & Research (WE School), Mumbai
- Shri Ram College of Commerce, MBA-GBO, Delhi
- Symbiosis Institute of Business Management (SIBM), Bengaluru
- Symbiosis Institute of International Business (SIIB), Pune
- University Business School (UBS), Punjab University, Chandigarh
The above are the list of MBA
specializations which have maximum potential as of now. However, according to a
study it is found that the following are the top 10 MBA specializations in the
world today –
- Corporate Social Responsibility
- Entrepreneurship
- Finance
- Information Technology/Management
- Innovation (It is not mostly popular in USA and Europe)
- International Business/Management
- Leadership (Evolution of Human Resource Management)
- Marketing
- Operations Management
- Strategy
How we can help you ?
WE CAN HELP YOU TO GET DIRECT ADMISSION IN TOP MBA COLLEGE IN TOP MBA SPECIALIZATION.
GIVEN BELOW IS LIST OF TOP MBA COLLEGES @ DIRECT MBA ADMISSION
1.
|
Indian Institute of
Management (IIM)
|
Ahmedabad
|
2.
|
Indian Institute of
Management (IIM)
|
Calcutta
|
3.
|
XLRI-Xavier School of
Management
|
Jamshedpur
|
4.
|
Faculty of Management
Studies (FMS)
|
New Delhi
|
5.
|
Indian Institute of
Management (IIM)
|
Kozhikode
|
6.
|
SP Jain Institute of
Management (SPJIM)
|
Mumbai
|
7.
|
Indian Institute of Foreign
Trade (IIFT)
|
New Delhi
|
8.
|
Symbiosis Institute of
Business Management (SIBM)
|
Pune
|
9.
|
National Institute of
Industrial Engineering (NITIE)
|
Mumbai
|
10.
|
Narsee Monjee Institute of
Management Studies (NMIMS)
|
Mumbai
|
11.
|
Xavier Institute of
Management (XIM)
|
Bhubaneswar
|
12.
|
Management Development
Institute (MDI)
|
Gurgaon
|
13.
|
International Management
Institute (IMI)
|
New Delhi
|
14.
|
Symbiosis Centre for
Management & HRD (SCMHRD)
|
Pune
|
15.
|
Indian Institute of
Management
|
Shillong
|
16.
|
TAPMI
|
Manipal
|
17.
|
Department of Management
Studies (DMS), IIT Delhi
|
New Delhi
|
18.
|
Birla Institute of
Technology and Science (BITS)
|
Pilani
|
19.
|
Institute of Management
Technology (IMT)
|
Ghaziabad
|
20.
|
Department of Management
Studies (DMS), IIT Madras
|
Chennai
|
21.
|
MANAGE
|
Hyderabad
|
22.
|
Goa Institute of Management
|
Sanquelim
|
23.
|
Institute of Rural
Management Anand (IRMA)
|
Anand
|
24.
|
Sydenham Institute of
Management Studies (SIMS)
|
Mumbai
|
25.
|
Department of Management
Studies (DMS) NIT, Trichy
|
Tiruchirappalli
|
26.
|
Nirma University Institute
of Management
|
Ahmedabad
|
27.
|
Lal Bahadur Shasta Institute
of Management
|
New Delhi
|
28.
|
KJ Somaya Institute of
Management
|
Mumbai
|
29.
|
LN Welingkar Institute of
Management
|
Mumbai
|
30.
|
Institute of Public
Enterprise (IPE)
|
Hyderabad
|
31.
|
Symbiosis Institute of
Business Management
|
Bangalore
|
32.
|
Bharathidasan Institute of
Management
|
Tiruchirappalli
|
33.
|
Symbiosis Institute of
International Business
|
Pune
|
34.
|
Symbiosis Institute of Media
& Communication
|
Pune
|
35.
|
Balaji Institute of Modern
Management
|
Pune
|
36.
|
Sies College of Management
Studies
|
Navi Mumbai
|
37.
|
Prestige Institute of
Management
|
Indore
|
38.
|
Institute for Technology and
Management (ITM)
|
Navi Mumbai
|
39.
|
Symbiosis Centre for IT
|
Pune
|
40.
|
Xavier Institute of Social
Service (XISS)
|
Ranchi
|
41.
|
SCMS Cochin School of
Business
|
Ernakulum
|
42.
|
Xavier Institute of
Management & Entrepreneurship (XIME)
|
Bangalore
|
43.
|
Gitam Institute of
Management
|
Visakhapatnam
|
44.
|
KIIT School of Management
|
Bhubaneswar
|
45.
|
Institute of Management
Studies (IMT)
|
Ghaziabad
|
46.
|
Punjab College of Technical
Education
|
Ludhiana
|
47.
|
Indian Institute of Forest
Management (IIFM)
|
Bhopal
|
48.
|
Institute of Financial
Management & Research (IFMR)
|
Chittoor
|
49.
|
Symbiosis Institute of
Operations Management
|
Nasik
|
50.
|
SDM Institute for Management
Devt
|
Mysore
|
51.
|
Jagan Institute of
Management Studies
|
New Delhi
|
52.
|
Institute of Rural
Management
|
Jaipur
|
53.
|
IFIM Business School
|
Bangalore
|
54.
|
Kirloskar Institute of
Advanced Management
|
Harihar
|
55.
|
PSG Institute of Management
|
Coimbatore
|
56.
|
Apeejay School of Management
|
New Delhi
|
57.
|
AIMS School of Business
(AIMS)
|
Bangalore
|
58.
|
MNNIT
|
Allahabad
|
59.
|
Institute of Management
& Entrepreneurship Devt
|
Pune
|
60.
|
DMS ISMU
|
Dhanbad
|
61.
|
Indus Business Academy
|
Bangalore
|
62.
|
Jaipuria Institute of
Management
|
Lucknow
|
63.
|
VIT Business School
|
Vellore
|
64.
|
MS Ramaiah Institute of
Management
|
Bangalore
|
65.
|
Sathyabama University
|
Chennai
|
66.
|
Suryadatta Group of
Institutes
|
Pune
|
67.
|
Amrita School of Business
|
Coimbatore
|
68.
|
Lala Lajpat Rai Institute of
Management
|
Mumbai
|
69.
|
Institute of Health
Management Research
|
Jaipur
|
70.
|
University School of
Business
|
Mohali
|
71.
|
Acharya Bangalore B-School
|
Bangalore
|
72.
|
Jaipuria Institute of
Management
|
Noida
|
73.
|
Vignana Jyothi Institute of
Management
|
Hyderabad
|
74.
|
Gian Jyoti Institute of
Management
|
Mohali
|
75.
|
International Institute of
Management Studies
|
Pune
|
76.
|
Rungta College of
Engineering & Technology
|
Bhilai
|
77.
|
Dr DY Patil University
Department of Business Management
|
Navi Mumbai
|
78.
|
Wisdom Banasthali Vidyapith
Banasthali
|
Jaipur
|
79.
|
Acharya Institute of
Technology
|
Bangalore
|
80.
|
Symbiosis Institute of
Telecom Management
|
Pune
|
81.
|
VAMNICOM
|
Pune
|
82.
|
St Joseph's Institute of
Management
|
Trichy
|
83.
|
Jaipuria Institute of
Management
|
Jaipur
|
84.
|
Thiagarajar School of
Management
|
Madurai
|
85.
|
IMS Unison University
|
Dehradun
|
86.
|
Balaji Institute of Telecom
and Management
|
Pune
|
87.
|
SRM School of Management
|
Chennai
|
88.
|
International School of
Management Excellence
|
Bangalore
|
89.
|
Justice K.S. Hegde Institute
of Management
|
Karkala
|
90.
|
Galgotias Educational
Institutions
|
Noida
|
91.
|
Balaji Institute of
Management & HRD
|
Pune
|
92.
|
LN Welingkar Institute of
Management
|
Bangalore
|
93.
|
Institute of Business
Management
|
Pune
|
94.
|
Vel Tech Multi Tech
Engineering College
|
Chennai
|
95.
|
Heritage Business School
|
Calcutta
|
96.
|
Pandit Deendayal Petroleum
University
|
Gandhinagar
|
97.
|
Institute of Professional
Education & Research
|
Bhopal
|
98.
|
Doon Business School
|
Dehradun
|
99.
|
Department of Business Admn
& Research
|
Shegaon
|
100.
|
MS Patel Institute Faculty
of Management Studies
|
Vadodara
|
In conclusion, These are things you need to keep in mind while searching for the best MBA institute and specialization and best paying jobs so we help you to get complete information about MBA specializations and best institutes for them.
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***It is our request to the concerned
authority of the listed colleges and any third party that if you find any
defamatory language, lying, exaggerating, copyrighted materials, and other such
practices, kindly let us notify soon as immediate reforms shall be made.***
*** Earlier you book the seats, lesser
amount you have to pay ***
Booking in advance for 2017 batch
in most of the colleges is going on. So call us and Book your seats, at very
modest and genuine rate. !! Seats are limited. Hurry Up!!!
Contact Person(s):
Mr Aditya Pandey
(+91-9916566036)
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