Superb Ways To Choose Top MBA Specialization Without Expert Advice

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:

1. Indian Institute of Management, Ahmedabad (IIM A)
2. Indian Institute of Management, Calcutta (IIM C)
3. Indian Institute of Management, Bangalore (IIM B)
4. Xaviers Labour Research Institute Jamshedpur (XLRI)
5. 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)

1. Symbiosis Institute of Business Management (SIBM)
2. Tata Institute of Social Sciences (TISS)
3. 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

1. National Institute of Banking and Management, (NIBM), Pune
2. National Institute of Technology (NIT), Tiruchirappalli
3. Nirma University Institute of Management (NIRMA), Ahmedabad
4. 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

1. Here is a list of Best B-Schools covering from all over the cities like Pune, Bangalore, Delhi, Mumbai etc. 
2. Xavier Labour Relations Institute (XLRI), Jamshedpur
3. SP Jain Institute of Management & Research (SPJIMR), Mumbai
4. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
5. Department of Management Studies (DMS), IIT Delhi
6. Indian Institute of Foreign Trade (IIFT), Kolkata
7. Indian Institute of Foreign Trade (IIFT), New Delhi
8. Management Development Institute (MDI), Gurgaon
9. National Institute of Industrial Engineering (NITIE), Mumbai
10. Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
11. Tata Institute of Social Sciences (TISS), Mumbai
12. Department of Industrial and Management Engineering (IME), IIT Kanpur
13. Department of Management Studies (DoMS), IIT Madras
14. Institute of Rural Management, Anand (IRMA)
15. Mudra Institute of Communications, Ahmedabad (MICA)
16. Symbiosis Institute of Business Management (SIBM), Pune
17. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
18. Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune
19. Sydenham Institute of Management Studies and Research (SIMSREE), Mumbai
20. Vinod Gupta School of Management (VGSOM), IIT Kharagpur
21. Xavier Institute of Management (XIM), Bhubaneswar
22. Department of Commerce, Delhi School of Economics, University of Delhi
23. Department of Financial Studies (DFS), University of Delhi, South Campus
24. Department of Management Studies (DOMS), IISc Bangalore
25. Department of Management Studies (DOMS), IIT Roorkee
26. FORE School of Management, New Delhi
27. Institute of Management Technology (IMT), Ghaziabad
28. International Management Institute (IMI), New Delhi
29. KJ Somaiya Institute of Management Studies and Research (SIMSR), Mumbai
30. Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi
31. TA Pai Management Institute (TAPMI), Manipal
32. Bharathidasan Institute of Management (BIM), Trichy
33. Faculty of Management Studies, Banaras Hindu University (FMS BHU)
34. Goa Institute of Management (GIM), Goa
35. Great Lakes Institute of Management (GLIM), Chennai
36. Hyderabad Central University (HCU), Hyderabad
37. ICFAI Business School (IBS), Hyderabad
38. Indian Institute of Forest Management (IIFM), Bhopal
39. Institute for Financial Management and Research (IFMR), Chennai
40. Loyola Institute of Business Administration (LIBA), Chennai
41. MANAGE, Hyderabad (Agri-Business/Rural Management only)
42. Narsee Monjee Institute of Management Studies (NMIMS), Bengaluru
43. National Institute of Banking and Management, (NIBM), Pune
44. National Institute of Technology (NIT), Tiruchirappalli
45. Nirma University Institute of Management (NIRMA), Ahmedabad
46. Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad
47. Prin. LN Welingkar Institute of Management Development & Research (WE School), Mumbai
48. Shri Ram College of Commerce, MBA-GBO, Delhi
49. Symbiosis Institute of Business Management (SIBM), Bengaluru
50. Symbiosis Institute of International Business (SIIB), Pune
51. 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 –

1. Corporate Social Responsibility
2. Entrepreneurship
3. Finance
4. Information Technology/Management
5. Innovation (It is not mostly popular in USA and Europe)
6. International Business/Management
7. Leadership (Evolution of Human Resource Management)
8. Marketing
9. Operations Management
10. 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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