How To Choose Your Specialization In MBA
MBA stands for Master of Business Administration. It is a higher level of education known as post-graduation that is pursued after graduation. It is said to be one of the most prestigious and popular postgraduate courses in India and Internationally. If you are planning to take an MBA as your postgraduate course and are not sure how to select your specialisation then this article helps you to know how to choose MBA specialisation.
The degree is focused on business administration and is applicable to most managerial-level jobs. MBA is a two-year full-time postgraduate degree, and pursuing it can increase the chances of getting highly-paid jobs. Opting for a master's degree with the best specialisation in MBA levels up the skills that are required for career building in business and management. Choosing the right specialisation in MBA helps students to get high salary job opportunities.
Eligibility Criteria for MBA
The basic eligibility of a candidate must hold a bachelor's degree with any specialisation from a recognised university with a minimum of 50 per cent aggregate (45 per cent for Reserved category candidates)
MBA Entrance Exams for Admission
Some colleges offer MBA degree admission without any entrance exam. Some Business schools made it mandatory for an entrance exam and some conduct their own entrance exams for selecting students.
Three types of entrance exams for MBA in India
- National level
- Institute Level (MBA test)
- State Level
Top business colleges such as IIMs consider the CAT for admission. The CAT, XAT, IIFT, NMAT, SNAP, TISSNET, CMAT, MAT, IBSAT, ATMA, KIITEE, MICAT, TS ICET and GMAT are the best entrance exams for MBA admissions.
MBA Programs Types
- MBA full-time (1-2 years)
- Part-time (2+ years)
- Executive MBA (1-2 years)
- Online MBA (2+ years)
- Distance Education (2-5 years)
- 5-year-integrated MBA (includes UG and PG degree )
MBA Specialisations List
MBA is a general degree which can be specialised according to the interests and goals of the students. MBA schools offer specialisation in various fields such as MBA in Business Analytics, Entrepreneurship, Finance, HR, Marketing and Health Management, Accounting, Global Business Management, Operations Management and Supply Chain Management. MBA Information Technology, International Business, MBA Systems Management, Retail Management, Agribusiness and Logistics.
Also read: Top MBA Specialisations
There are plenty of MBA specialisations that can be picked up as per one's interest. But every specialisation holds value and helps to build an advanced career for the students. Let us look at how to select MBA specialisation.
Choosing Best Specialisation In MBA
Selecting a degree and a specialisation must be one's personal interest and career goals. Selecting a suitable specialisation helps the students to get more opportunities for building careers of their interest, highly paid jobs, of their choice and choosing the right specialisation makes you eligible for your future job. Many students are confused about selecting their specialisation, here is the guide to help you with what specialisation to choose in MBA or how to select specialisation in MBA.
Your Interest Matters The Most
Check yourself, what are your strengths and figure out where you can excel. What and in which subject or specialisation you are good at? Consider your interests and check if that interest is helping you to achieve your career goal. Once you have a clear picture in your mind that what you want to become in life, you can select your specialisation.
College Ranking
It is very important to select a well-recognised, established and reputed college. It will not only bring weight to your resume but also provides and connects you with various top companies in the field by providing placement facilities.
Institute faculty
Once you know what specialisation you are taking, have a close look at the faculty. Check their educational background and the experience they hold through their profiles. Based on the experience and most qualified faculty one can select their college.
Analyse the skills you have and what skills you must acquire for the particular specialisation that you are selecting. Select colleges that help to improve or develop your skills theoretically and practically as well. As many colleges and universities are teaching more theoretically and practical sessions are quite less.
Best Specialisation in MBA
MBA in Marketing
The marketing department deals with the company's buying or selling of products and services. Students interested in MBA Marketing and select their specialisation in marketing and deal with consumer research like consumer behaviour and products. MBA marketing includes market research, advertising, sales force management, operations management and branding.
MBA in Finance
In MBA Finance students get to learn about various finance features like investment banking, tax planning, investment, resources, management, control and review of collection and resources of money. The students learn to analyse company reports, maximize stock value, and balance risk and profitability. They are taught to choose investment portfolios, financial statement reporting, asset finance and insurance management.
MBA in Communication and Media Management
MBA in Communication and Media Management deals with the entertainment and media industries. Students get to learn in different fields such as TV, advertising, digital media and print media. They also learn about radio broadcasting, photography, videography and communication skills.
MBA in Human Resources
MBA in HR or Human Resource management focuses on the recruitment, management, and control of the organisation or workforce. In MBA HR students get to learn the skills and training to manage the workforce. Students get to learn about understanding business operations, organisational and management skills, leadership, decision-making and leadership skills.
Resource Links for Online MBA
MBA in International Business
MBA in International Business deals with finance, accounting, marketing and leadership. Students learn the capabilities that are needed for international operations.
MBA in Logistics and Supply Chain Management
MBA in Logistics and Supply Chain Management involves learning analytical skills and management skills. In this course, students get to learn about businesses and supply chain strategy. They understand both large and small-scale inventory management.
Frequently Asked Questions (FAQs)
MBA entrance exam is recommended to get seats into highly ranked MBA colleges in India such as IIMs, IIFT, FMS, SPJIMR, NMIMS, TISS, MDI, IITs, XLRI and other top management colleges.
Students must apply for MBA entrance exam like CAT, XAT, IIFT, NMAT, SNAP, TISSNET, CMAT, MAT, IBSAT, ATMA, KIITEE, MICAT, IBSAT, TS ICET and GMAT if looking for top colleges
Yes, many colleges offer MBA courses without an entrance exam. Students with at least 50 per cent marks in UG can opt for private management colleges.
Business analytics, Entrepreneurship, Finance, HR, Marketing and Health Management. Accounting, Global Business Management, Operations Management and Supply Chain Management. MBA Information Technology, International Business, MBA Systems Management, Retail Management, Agribusiness and Logistics.
MBA Finance is the highest MBA specialization job in India. It deals with investment banking,tax planning, investment, resources, management, control and review of collection and resources of money.
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List of MBA colleges
Questions related to MBA
Hi,
Based on the previous year analysis, According to your CAT 2024 percentile some of the best colleges offering MBA and PGDM course in Telangana in which you have chances to get a seat are the following
- GITAM School of Business, Hyderabad
- Institute of Management Technology, Hyderabad
- School of Business Excellence, Hyderabad
- IIRM Hyderabad
- Dhruva college of Management, Hyderabad
For more information about the colleges in which you have chances to get a seat you can predict using MBA college predictor tool provided below
https://bschool.careers360.com/cat-college-predictor
Hope this information will help you
A typical Polytechnic student, holding only a diploma, is generally not eligible to directly pursue an MBA as most programs require a bachelor's degree as a minimum qualification; however, you can often gain entry by first completing a bachelor's degree through a lateral entry program or by opting for an Executive MBA program designed for working professionals with relevant experience of 8 years.
To be eligible for a standard MBA program, most universities require a bachelor's degree from a recognized institution, which a Polytechnic diploma alone does not fulfill the requirement.
You can take admission in EMBA An EMBA program focuses on teaching students how to become more effective managers. The curriculum includes administrative operations and strategic planning. EMBA programs can be offered online, offline, or in a hybrid format but for this you typically need a bachelor's degree from a recognized university with a minimum of 50% aggregate marks, and a significant amount of relevant work experience, usually ranging from 3 to 8 years in a managerial or executive position, depending on the institution; most programs also require taking an entrance exam like GMAT or CAT.
Some MBA colleges also offer direct admission without an entrance exam. To be eligible for direct admission, you must have passed graduation with the required minimum aggregate. You may also need to submit documents such as your class 10, 12, and graduation marksheets, character certificate, migration certificate, transfer certificate, and passport-size photographs. Some colleges are..
1.ISB PGPpro
2.ISB PGPMAX
3.IIMA GMP
4.IIMA SMP
5.IIMC GMP
6.UCLA PGPpro
7.SDA Bocconi IEMB
8.IIM Indore PGPMX
9.IIM Kozhikode EPGP
10.HBS - SELPI
Hello,
Here is a list of the top private business schools in India offering MBA programs , based on various rankings and assessments:
-
Indian School of Business (ISB), Hyderabad
- Renowned for its one-year Post Graduate Program in Management (PGP).
- Emphasizes leadership and entrepreneurship.
- Average placement package: Approximately Rs. 25.71 lakh per annum.
-
XLRI – Xavier School of Management, Jamshedpur
- Known for its Human Resource Management program.
- Average placement package: Around Rs. 24.30 lakh per annum.
-
Management Development Institute (MDI), Gurgaon
- Offers a range of management programs with strong industry connections.
- Average placement package: Approximately Rs. 22.05 lakh per annum.
-
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai
- Focuses on value-based education and innovative pedagogy.
- Average placement package: Around Rs. 26.36 lakh per annum.
-
Symbiosis Institute of Business Management (SIBM), Pune
- Known for its diverse specializations and strong alumni network.
- Average placement package: Approximately Rs. 20.14 lakh per annum.
-
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Offers a wide array of management programs with a focus on research and innovation.
- Average placement package: Around Rs. 18.33 lakh per annum.
-
International Management Institute (IMI), New Delhi
- Emphasizes a global perspective in its curriculum.
- Average placement package: Approximately Rs. 13.00 lakh per annum.
-
Institute of Management Technology (IMT), Ghaziabad
- Known for its marketing and finance programs.
- Average placement package: Around Rs. 13.60 lakh per annum.
-
Great Lakes Institute of Management, Chennai
- Offers a one-year PGPM and two-year PGDM with a focus on analytics and digital economy.
- Average placement package: Approximately Rs. 10.40 lakh per annum.
-
Xavier Institute of Management (XIMB), Bhubaneswar
- Known for its rigorous academic environment and strong industry linkages.
- Average placement package: Around Rs. 15.42 lakh per annum.
Hope it helps !
CAT exam is conducted every year for purpose of admission to various prestigious business school and management institutes in India. The exam is also considered among toughest entrance exams in India. The exam rats the logical skills of the candidates. You can get the college list based on your CAT score by simply visiting CAT College Predictor 2024
Hello,
Based on your interest in pursuing an MBA with a specialization in Human Resources (HR) through the Common University Entrance Test (CUET) and seeking institutions with strong placement records, here are some top universities to consider:
-
Jamia Millia Islamia (JMI), New Delhi
- Program : MBA with HR specialization
- Fees : Rs. 9,00,000 for the first year
- Placements : Average package of Rs. 25,00,000; highest package of Rs. 50,00,000
- Ranking : Ranked 25th among top 125 institutions in India
-
Banaras Hindu University (BHU), Varanasi
- Program : MBA with HR specialization
- Fees : Rs. 50,007 for the first year
- Placements : Average package of Rs. 23,13,000; highest package of Rs. 1,20,00,000
- Ranking : Ranked 48th among top 125 institutions in India
-
University of Hyderabad (UOH), Hyderabad
- Program : MBA with HR specialization
- Fees : Rs. 2,69,795 for the first year
- Placements : Highest package of Rs. 23,00,000
- Ranking : Ranked 101st among top 125 institutions in India
-
Pondicherry University, Puducherry
- Program : MBA with HR specialization
- Fees : Rs. 74,718 for the first year
- Placements : Highest package of Rs. 10,20,000
- Ranking : Ranked 11th among top 25 institutions in India
-
Babasaheb Bhimrao Ambedkar University (BBAU), Lucknow
- Program : MBA with HR specialization
- Fees : Rs. 90,000 for the first year
- Placements : Average package of Rs. 6,30,000; highest package of Rs. 55,00,000
- Ranking : Ranked 86th among top 125 institutions in India
These universities provide strong MBA programs with HR specialization and have good placement records. You can visit their official websites or contact their admissions offices for the latest updates.
Hope it helps !