Top 10 MBA Specialization In Demand 2024 - How to Choose?

There are a large number of choices available when it comes to selecting an MBA specialisation. Dealing with different specialisation areas, there are many choices like marketing, finance and human resource management which are highly pursued by students. Here we have listed the most popular MBA specialisations along with their future career prospects and growth. 

An MBA degree is a postgraduate management degree that can set your journey to a successful management career in motion. But the fields in management are varying and vast. According to the field you want to venture into, you should select the specialisation of your MBA. 

Any graduate student who successfully has successfully cleared an entrance exam of the national level such as CAT, MAT, GMAT, ATMA etc. can pursue an MBA from a reputed business school or management institution. However, most students face considerable difficulty in selecting the right specialisation in an MBA degree. 

If you are an MBA aspirant confused about how to select the right MBA specialisation, then read the basic guidelines about choosing MBA specialisations and the top 10 popular and most demanded MBA specialisations to choose from. Continue reading to explore the best MBA specialisations as of 2024! 

Find out more about the top 10 MBA and MBA specialisation exclusively on College Vidya. 

Top 10 MBA Specialisations in 2024

1. MBA in Finance Management 

Finance management is a top MBA specialisation which is taken up by an enormous number of management professionals and MBA aspirants in every admission season.  Finance management as an area of specialisation equips the learners with all the important areas and skills of managing businesses and their financial aspects. 

Why Should You Opt for MBA Finance Management?

Financial management as a specialisation has a good job scope and professional opportunities in finance sector corporations, MNCs and companies to handle their financial operations as well as explore job opportunities in the government sectors pertaining to financial management. Needless to say, being one of the most popular specialisation domains of MBA, this is a fairly compensated field with well-established job opportunities and career growth. 

Given below is a brief summary of the important aspects of an MBA in Finance Management 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 1 Lakhs to INR 20 Lakhs
Important Subjects	Financial Accounting  Accountancy  Managerial Economics  Financial Markets Treasury and Risk Management Financial Analysis and Reporting  Financial Risk Management  Financial Strategization etc.
Top Colleges Offering the Course	IIM Ahmedabad KIIT Bhubaneswar IIT Madras Christ University Aligarh Muslim University  UPES Dehradun  IIM Kozhikode FMS Delhi NMIMS Mumbai etc.
Career Scope	Financial Analyst  Chief Financial Officer Credit Manager  Financial Advisor  Financial Planner Financial Risk Analyst  Corporate Financial Manager  Investment Banker etc.
Top Hiring Firms	WIPRO TCS  Morgan Stanley  Goldman Sachs Deloitte  Microsoft  Amazon etc.

2. MBA in Marketing Management 

Marketing management as an area of specialisation in MBA is focused upon all the areas of commercial advertising, strategising and developing the business of a company through effective marketing plans. Marketing management has a good scope in terms of career both in India and abroad. 

Why Should You Choose MBA in Marketing Management? 

Marketing management is an ever growing and evolving field as it is receptive to the various changing user needs, trends and hence, the need for marketing managers is not to reduce anytime soon in the future. So, if you are a person who is interested in developing innovative approaches to managing the various aspects of marketing and operations in a business setting, then this specialisation can be the right choice for you. 

Top companies, MNCs, corporate sectors as well as start-ups, all require marketing managers to grow their brand and company. So, the job scope for this area of specialisation is excellent, with fairly good compensation at entry levels as well. 

Here is an overview of the MBA in Marketing Management specialisation.   

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 3 Lakhs to INR 15 Lakhs
Important Subjects	Consumer Behaviour  Sales Management  Advertising Management  Marketing Research  Business Environment Integrated Marketing Communications  Retail Management  e-Commerce  Industrial Marketing  Total Quality Management etc.
Top Colleges Offering the Course	IIM Indore  IIM Udaipur NIT Trichy Great Lakes Institute of Management  IIT Madras IIT Roorkee NMIMS Lovely Professional University  Amity University etc.
Career Scope	Sales Manager  Marketing Manager  Advertising Strategist  Marketing Risk Analyst Digital Marketing Manager  Brand Manager etc.
Top Hiring Firms	IBM  TCS Cognizant  Amazon  Google  Deloitte  Larsen and Toubro  NTPC etc.

3. MBA in Human Resource Management 

The Human Resource Management (HRM) specialisation is concerned with the management of the human assets of any company, i.e. the employees and their concerns. This specialisation of MBA is also a very popular one and is a suitable option for management studies for those who are adept at using their soft skills to interact with others, as well as address and manage people at the workplace. 

HRM includes acquiring talented resources and employees for a company, selecting them, training them, evaluating and managing their performance, addressing the concerns, grievances and ensuring their growth. The central idea of HRM is that the most useful resource for any company is its employees and managing and developing them would lead to business growth and company’s development as well. 

Why Should You Choose an MBA in HRM? 

The job scope in this field is considerably high since every company, irrespective of whether it is a private or a government firm, requires trained professionals for HRM. So, there are diverse career options in this domain, with appealing salary packages as well. 

Here we have provided a brief overview of the MBA in Human Resource Management (HRM):  

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 5 Lakhs to INR 20 Lakhs
Important Subjects	Organisational Behaviour  Human Resource Management Compensation Management Strategic Management Organisational Change and Organisational Development  HR Development and Planning  Talent Acquisition  Labour Laws and HR Ethics etc.
Top Colleges Offering the Course	IIM Indore  IIM Tiruchirappalli IMI New Delhi  Tata Institute of Social Sciences (TISS), Mumbai NMIMS Mumbai  KJ Somaiya School of Management   IIM Ranchi  Loyola Institute of Business Administration  Christ University  University of Delhi etc.
Career Scope	HR Manager  Team Leader  Assistant HR Manager  HR Coordinator  HR Recruiter Talent Acquisition Manager  Compensation Manager  Employee Relations Manager etc.
Top Hiring Firms	Accenture  IBM Aditya Birla Group  KPMG  Larsen & Toubro  Reliance  Amazon  Tata Consultancy Services etc.

4. MBA in Business Analytics 

Business analytics specialisation in management concerns with the use of data and interpretation of it to make business decisions. Business analytics involves guiding business strategies, plans of actions and decisions based on the data collected from the company, the customers as well as market trends. 

Why Should You Choose an MBA in Business Analytics?

This field is currently in its blooming stage as companies and corporates are now laying increased emphasis on data driven business growth strategies. Top MNCs, corporate firms, finance sectors and businesses are hiring business analysts for this purpose. The career scope, scope for growth as well as salary packages in this field are excellent. So choosing this specialisation can be a good career choice for those candidates who like to handle data, analyse them, plan business strategies and manage business decisions. 

Here we have provided an overview of the MBA Business Analytics specialisation. 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 10 Lakhs to INR 25 Lakhs
Important Subjects	Financial Accounting  Big Data Analysis Forecasting  Operations Research Data Ingestion  Hive and Querying  Predictive Analysis Risk Management etc.
Top Colleges Offering the Course	IIM Bangalore  IIM Calcutta  Great Lakes Institute of Management, Chennai NIT Tiruchirappalli  BITS Pilani  Christ University  NMIMS Mumbai  Lovely Professional University  Pune Institute of Business Management
Career Scope	Business Analyst Management Consultant  Risk Analyst Data Mining Expert  Quantitative Analyst  Market Research Analyst etc.
Top Hiring Firms	Accenture  McKinsey  Microsoft  KPMG  Google  JP Morgan & Chase TCS  Cognizant  WIPRO etc.

5. MBA in IT Management 

IT management is a field pertaining to the computer sciences and technology sector wherein technology and management enthusiasts can explore a career. This MBA specialisation is a popular choice among students and can provide vast career scopes in India and abroad. 

Why You Should Choose an MBA in IT Management?

Students pursuing this course learn in-depth about a number of IT areas over a period of 2 years. This course incorporates skill development and practical learning in various areas of the field of IT and its effective management in a company or business setting. This is a well-established job field as there are a large number of IT companies and firms across various metropolitan cities and IT hubs across India, and hence MBA graduates in this specialisation can explore top job opportunities with decently high salary packages from the entry level itself. 

We have provided an overview of the MBA in IT management course below:   

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 10 Lakhs to INR 20 Lakhs
Important Subjects	Management of Information Systems  IT Management  Business Intelligence  System Analysis and Design Database Management Systems Network Operations  IT & Cybersecurity etc.
Top Colleges Offering the Course	IIM Ahmedabad IIM Bangalore  IIM Lucknow IIM Calcutta NMIMS, Bangalore  Indian Institute of Foreign Trade  Symbiosis Centre for Information Technology  Institute of Management Technology, Ghaziabad KJ Somaiya Institute of Management Studies and Research, Mumbai  Faculty of Management Studies, University of Delhi BITS School of Management   Amity University
Career Scope	IT Manager  Cybersecurity Manager  Chief Technological Officer (CTO) Information System Manager  IT Project Manager
Top Hiring Firms	Accenture  Google  Oracle  Intel  HCL Infotech  Tech Mahindra  IBM  Capgemini  Infosys  Amazon etc.

6. MBA in Healthcare Management 

 Healthcare management is involved with the overall management of all aspects of a healthcare institution. Healthcare management as a specialisation allows graduates to explore various subfields such as financial management, operations management, human resource management, marketing management etc. that is associated with the management of hospitals and healthcare centres. 

Why You Should Choose an MBA in Healthcare Management? 

This field is well-suited for candidates who are comfortable working in healthcare environments like hospitals, healthcare centres, government medical institutions etc. and eager to manage the overall functioning of such institutes. Graduates can explore their career extensively in this field since it is still in its developing and expansion phase. The job options in this field are diverse, and as already stated, one can further choose whether they want to manage the marketing, finances, human resources or operations in the healthcare institute. This is a well-paid domain of management, with job options available in both the public and private sectors. 

Know more about MBA in Healthcare Management here: 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 2 Lakhs to INR 10 Lakhs
Important Subjects	Essentials of Healthcare Management  Foundations of Management  Hospital Administration  Legal Aspects of Healthcare Management  Customer Centric Organisation  Hospital Laws and Ethics  HR Management in Hospitals etc.
Top Colleges Offering the Course	KJ Somaiya Mumbai IIM Bangalore  IIM Calcutta  NMIMS Mumbai IIM Ahmedabad  Welingkar Mumbai  Hindustan Institute of Technology and Sciences Jamia Hamdard New Delhi Manipal Academy of Higher Education (MAHE), Bangalore etc.
Career Scope	Healthcare Information Manager  Hospital CFO Medical Practice Manager  Hospital Administrator  Medical Health Services Administrator  Claims Manager  Medical Superintendent  Healthcare Consultant  Hospital Finance Manager etc.
Top Hiring Firms	WIPRO GE Healthcare  Cipla Cadila Healthcare  Apollo Life Fortis Healthcare  Max Healthcare etc.

7. MBA in Logistics and Supply Chain Management 

Logistics and supply chain management as a specialisation is concerned with the workflow in an organisation through the flow of various supplies, materials etc and the operations in each domain of functioning in the organisation. So as a specialisation in management, logistics and supply chain management is concerned with grassroot as well as supervisional functionings. 

Why You Should Choose an MBA in Logistics and Supply Chain Management?

This specialisation has a good job scope with a good earning potential. This is an apt domain for those who wish to occupy a job role concerned with the overall effective management of various functionings, flow of materials and workflow in an organisation. The job domain in this specialisation is well-developed in India, and the salary packages offered are also satisfactory.

Here is a brief overview of the MBA in Logistics and Supply Chain Management: 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 30,000 to INR 15 Lakhs
Important Subjects	Logistics and Supply Chain Management International Logistics Management  Project & Program Management in SCML  Change Management Strategic Contract Management in Supply Chain Management etc.
Top Colleges Offering the Course	IIM Udaipur  UPES Dehradun Amity University, Noida Presidency University, Bangalore  D. Y. Patil University, Mumbai Chitkara University Alagappa University, Karaikudi etc.
Career Scope	Supply Chain Manager  Logistics Manager  International Logistics Manager Logistics Coordinator  Supply Chain Coordinator  Warehouse Manager etc.
Top Hiring Firms	HDFC TCS  HCL Dell IBM  Flipkart  Capgemini  Toyota  Larsen & Toubro etc.

8. MBA in Operations Management 

Operations management is an MBA specialisation concerned with the management of various functions and operations in the workplace ranging from managing the workflow, conducting cost-benefit analysis and developing strategies accordingly and managing and ensuring that the required standards of quality are met and maintained in company functioning. 

Why You Should Choose an MBA in Operations Management?

This field is diverse in its career scope as an operations manager gets to perform diverse job responsibilities or specialise more in a certain area (e.g. strategizing, supervision, financial management, quality management etc.). Moreover, the field is paid handsomely, and entry level freshers can bag salary packages starting from INR  7 LPA. 

Here is an overview of the MBA in Operations Management. 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 4 Lakhs to INR 15 Lakhs
Important Subjects	Production Management Business Communication Decision Sciences Operations Strategy Services Marketing Research  Advanced-Data Analysis etc.
Top Colleges Offering the Course	IIM Bangalore  BITS School of Management NMIMS Mumbai  Indian Institute of Foreign Trade, New Delhi   IIT Delhi  University of Delhi Christ University Presidency University  IIM Tiruchirappalli  Amity University, Mumbai etc.
Career Scope	Operations Manager  General Operations Manager  Quality Manager  Business Process Managers  Technical Operations Manager  Purchasing Manager Operations Consultant
Top Hiring Firms	Tech Mahindra DTDC Blue Dart TCS  Accenture Larsen & Toubro Deloitte  IBM  JP Morgan Chase  Genpact etc.

9. MBA in Data Analytics 

Data analytics is a field closely related to data sciences and business analytics, and an MBA in data analytics teaches students about the various aspects of making meaning and analysing data to infer results and trends about company functioning. Data analytics is concerned with the larger picture of finding out the useful information from macro and micro data. 

Why You Should Choose an MBA in Data Analytics?

An MBA in Data Analytics provides holistic learning to students through various training in the use of various softwares and data analytics tools, knowledge about the foundations of data analytics, as well as the professional implications of it. There are many top hirers of data analysts, and the field has a prospering job scope abroad as well. Salary packages offered to data analysts are fairly high, beginning with INR 5 LPA at the fresher level. Candidates who are interested in handling data at a large scale as well as in systematic strategy formulation can make a successful career out of this specialisation. 

Find out more details about MBA in Data Analytics here. 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 40,000 to INR 30 Lakhs
Important Subjects	Data Cleaning, Normalisation and Data Mining  Econometrics Applied Business Analytics Ethical and Legal Aspects of Analytics HR Analytics  R Programming Social and Web Analytics Stochastic Modeling etc.
Top Colleges Offering the Course	IIM Bangalore IIM Calcutta IIT Kharagpur  IIT Dhanbad  Symbiosis Centre for Information and Technology Techno India University  Amity University, Gurgaon MIT College of Management, Pune etc.
Career Scope	Business Analyst Data Analyst  Data Engineer  Risk Analyst Data Developer  Data Deployment Strategist etc.
Top Hiring Firms	Accenture  MU Sigma  Tableau  Deloitte  WIPRO HCL IBM  Oracle  Infosys etc.

10. MBA in Project Management 

An MBA in Project management equips students with knowledge about the various aspects of handling company projects, starting from strategy formulation, planning courses of action, delegating responsibilities, managing operations, regulating and monitoring the quality of work done as well as evaluating outcomes and business growth results out of the project.    

Why You Should Choose an MBA in Project Management?

Project management as an area of specialisation provides job diversity and equips students to handle job responsibilities across a variety of domains as well as manage diverse company projects with teams. Project management jobs are fairly paid and compensated and graduates can explore their job opportunities in a number of top corporations and MNCs. 

Here is a broad overview of the various important aspects pertaining to an MBA in Project Management. 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 50,000 to INR 10 Lakhs
Important Subjects	Project Planning Project Performance Measurement Basis of Project Management Project Management Information System Purchasing and Contracting for Projects  Project Identification and Selection etc.
Top Colleges Offering the Course	Pune Institute of Business Management  Alagappa University  Xavier Institute of Business Management   Sikkim Manipal University  Institute of Business Management and Research Christ University Noida
Career Scope	Project Manager  Project Leader  Project Strategist  Consultant  Project Planner etc.
Top Hiring Firms	Larsen & Toubro  Honeywell  HCL Technologies Capgemini  Infosys  Tech Mahindra etc.

MBA Specialisations with Good Future Scope 

Not only are there many top MBA specialisations which already have a vast array of job opportunities, there are many up and coming MBA specialisations which are gaining increasing importance. Hence their career scope for the future is significantly high. The job roles and responsibilities are also on the rise in such specialisation areas, and top companies in the corporate sectors have started hiring graduates in these areas. 

Here we have listed the top 5 MBA specialisation areas which are growing exponentially and are in high demand in 2023:

1. MBA in Business Analytics 

MBA in Business Analytics is concerned with the collection, analysis and strategic use of data to drive the various business decisions in an organisation/company. 

Why You Should Choose an MBA in Business Analytics?

An MBA in Business Analytics provides the learners with opportunities to grow their career in an organisation, finance sectors, businesses and start-ups, and they can explore job options with good salaries. Job roles can be consultancy-oriented, strategy-oriented or purely analytical. This is a well-paid sector and prominent job positions are being offered to business analysts today as the recognition for scientific use of data to drive business decisions is growing.  

Here is an overview of the Business Analytics specialisation in MBA. 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 10 Lakhs to INR 25 Lakhs
Important Subjects	Financial Accounting  Big Data Analysis Forecasting  Operations Research Data Ingestion  Hive and Querying  Predictive Analysis Risk Management etc.
Top Colleges Offering the Course	IIM Bangalore  Symbiosis Institute of Business Management, Bangalore NMIMS Mumbai  Hindustan Institute for Technology and Science  Presidency University  Delhi Technological University (DTU), Delhi  Amity University, Gurgaon
Career Scope	Business Analyst Data Analyst  Data Architect  Data Administrator Chief Data Officer  Market Research Analyst  Risk Analyst
Top Hiring Firms	Accenture  TCS  Capgemini Deloitte  IBM  Capgemini  Infosys  Amazon etc.

2. MBA in Digital Marketing 

The role of digital marketing has become more pertinent today than ever. Most companies, corporations, MNCs and start-ups are eager to express their presence and dominance in the digital and virtual domains. As a result, marketing through various digital media is on the rise. Trained professionals and graduates who are experienced and equipped with digital marketing skills are being hired by the reputed and large companies and MNCs for managing digital marketing and brand management of the company. 

Why You Should Choose an MBA in Digital Marketing?

The MBA in Digital Marketing specialisation area offers vast scope to the graduate in terms of job diversity-ranging from social media marketing, influencer marketing, growth hacking, content marketing, paid digital marketing etc. The job sector in this field is also growing, and decent to high salary packages are offered to students after completing this course.  The advent of digital marketing is on the rise ever since the global pandemic of 2020. 

Here we have provided a summary of the digital marketing specialisation of MBA.  

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 2 Lakhs to INR 20 Lakhs (and above)
Important Subjects	Marketing Foundations Marketing Management  Organisational Behaviour  Social Media Management  Paid Media Marketing  Growth Marketing  eMail Marketing  Search Engine Optimisation (SEO) Content Creation and Content Marketing etc.
Top Colleges Offering the Course	Lovely Professional University (LPU) IMT Ghaziabad Amity University  Manav Rachna International Institute of Research and Studies  Institute of Management Studies Techno India University etc.
Career Scope	SEO Analyst  SEO Expert  Content Writing Manager Content Creation Strategist  Paid Media Marketer  Social Media Manager Digital Advertising Strategist  Media Content Strategist etc.
Top Hiring Firms	TCS  Infosys WIPRO Tech Mahindra Larsen & Toubro HCL SEO Discovery  Accenture etc.

3. MBA in International Business

With globalisation trends, and establishment of a global connected internet network, internationalisation of businesses is easier than ever now. Hence, the corporate sectors are also expanding their businesses to international markets. But this requires extensive planning, strategising, implementation of multiple aspects such as import and export, international business laws, ethics involved etc., for which trained managers are needed. Owing to this need, many companies, businesses and MNCs are hiring MBA international business graduates in key positions with lucrative pay packages and compensations.

Why Should You Choose MBA in International Business Management? 

As already mentioned above, an MBA in IBM allows students to explore job options in international companies, MNCs and corporations. The salary and compensation provided to MBA graduates in this field are also high. This course specialisation can be an excellent career option for those who wish to settle abroad in the future. The career scope of the field is also satisfactorily high. 

Here is an overview of the international business management specialisation of MBA.    

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 2 Lakhs to INR 30 Lakhs
Important Subjects	Indian Policies  International Trade Policies International Supply Chain Management International Human Resource Management  Import and Export Laws Global Compliance Management  International Branding and Advertising etc.
Top Colleges Offering the Course	Amity University Somaiya Vidyavihar University  Aditya Institute of Management Studies and Research  D. Y. Patil University School of Management  ICFAI University  Jamia Milia Islamia University etc.
Career Scope	International Business Manager Trade Expert  International Business Strategist  Risk Analyst International Marketing Manager  International Product Manager  International Trader  International Supply Chain Manager etc.
Top Hiring Firms	Accenture  FedEx Corporation Marriott International  TCS  J. P. Morgan and Chase American Express Amazon etc.

4. MBA in Entrepreneurship 

Entrepreneurship, although conventionally seen as a single-person process, also requires careful management of a venture. An MBA in Entrepreneurship trains aspiring entrepreneurs in this regard, as well as helps them prosper in their own ventures or seek managerial jobs in start-ups or entrepreneurial ventures. 

Why You Should Choose an MBA in Entrepreneurship? 

MBA in entrepreneurship can explore good job opportunities and develop their own ventures as well. Many MBA universities also have their own entrepreneurship support cells and divisions wherein envisioning entrepreneurs are encouraged to come forward with their venture ideas as well as work further on them with the support of university funding and resourcing. So taking up this specialisation can prove to be of great benefit to budding entrepreneurs.

Here is an overview of the entrepreneurship specialisation in MBA. 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 1 Lakhs to INR 30 Lakhs
Important Subjects	Legal Business Environment  Entrepreneurial Finance Project Management Entrepreneurial Resource Planning Family Business Management Business Plans and Ethics etc.
Top Colleges Offering the Course	NMIMS University  IMI Kolkata Jamia Milia Islamia University Symbiosis Institute of Business Management  Xavier School of Management  IIM Nagpur Chandigarh University  Lovely Professional University etc.
Career Scope	Business Development Officer Planning and Analysis Manager  Client Financial Manager  Entrepreneur  Lead Financial Analyst etc.
Top Hiring Firms	Accenture  IBM  Larsen & Toubro TCS  Amazon  Flipkart etc.

5. MBA in Artificial Intelligence and Machine Learning 

AI and ML are two domains of IT development which are taking over major functions and operations in various sectors, be it lifestyle or professional functions. An MBA in AI and ML develops skills and knowledge in students to use such technologies and tools to guide business management and administration. 

Why You Should Choose an MBA in AI & ML?

MBA with the specialisation of AI and ML can explore job avenues in the IT sector as well as corporates and MNCs which use AI and ML measures for business purposes. This is a budding job domain in India and in its inception stages, so the scope for career development is quite high in this domain. Salary packages and compensation provided to graduates are also satisfactory. 

The summary of AI and ML management in MBA is provided here. 

Accreditations	UGC, AICTE
Course Duration	2 Years (4 Semesters)
Approximate Fee Range	INR 2 Lakhs to INR 20 Lakhs
Important Subjects	Foundations of Artificial Intelligence Business Analytics Intelligence Python Programming Data Visualisation for Managers Machine Learning Foundations Future of AI and ML etc.
Top Colleges Offering the Course	Amity University BML Munjal University  SRM University etc.
Career Scope	Data Scientist  Data Mining Expert Software Developer AI Developer Data Engineer Algorithm Engineer etc.
Top Hiring Firms	Micron Technology Rockwell Automation Intel Corporation Cisco Systems  Oracle etc.

So, there are a large number of specialisation areas in business administration which are expanding in scope rapidly. Exploring these specialisation areas can provide an excellent impetus to your career. Most B-schools and universities that provide an MBA course with such specialisations also have placement facilities, which allow students and graduates to explore the job domains in the fields relevant to the specialisation area.   

How to Select the Right MBA Specialisation? 

While deciding to pursue an MBA course can be quite an easy decision, it is a visible area of confusion when it comes to which specialisation of MBA you should select. There is no single best specialisation to take up. 

The decision depends upon a number of major factors, in which the foremost is your area of interest in management. Here we have provided a few important factors that you should consider to select the MBA specialisation which is the best for your academic and career goals. 

1) Area of Interest 

Your area of interest in the management domain should be the most important guiding factor while selecting a specialisation in MBA. So, your area of interest of management, which can also depend upon your past educational background is one of the main factors to consider for choosing a specialisation area. 

2) Aptitude and Strength Area

Simply being interested in a subject area of management is not enough, you must also possess the necessary skills and aptitude to thrive in that domain. This is important for not only performing well during your academic journey in MBA but also plays a major role in your future professional endeavours as to how well you are able to fulfill the job role and responsibilities in the field.

When you choose an MBA specialisation for which you have the needed aptitude, the degree further enhances those skills, paving the way for a successful career in the future. 

For example, in case of the human resource management specialisation, one of the fundamental skills needed to develop a successful career are soft skills such as interpersonal and communication skills and a student lacking social skills may not be able to fulfill the job roles associated with HR professionals efficiently. 

3) Career Scope 

Further, after an assessment of one’s aptitude and interest areas, another very crucial factor to consider is the career scope of the specialisation. Whether the MBA specialisation has sufficient job options, diversity in job roles and responsibilities, good scope for growing one’s career as well as scope for further developments in the future are important factors to take into account before you go in for that domain. 

For example, MBA specialisations like finance management, marketing management etc. have well-established job scope and roles available for graduates. On the other hand, MBA specialisations like business analytics and digital marketing have a growing scope and huge future growth possibilities.  

4) Job Roles and Responsibilities 

The job roles that are associated with a particular MBA specialisation, and more importantly, the various job responsibilities involved in that domain are also important considerations to make, since they will help you to evaluate whether a particular specialisation and consequently the job roles and responsibilities that you will need to fulfill in the future are suitable for you or not. It includes a  matching of your interest areas and aptitude with the responsibilities you will need to fulfill the job role.

Career After MBA - Highest Paying Post Job

For example, MBA specialisations like International Business Management require the graduate to have thorough knowledge of fields like international business law, taxation laws, import and export etc. So if a student feels they will be able to handle such aspects efficiently in the job domain then they can consider opting for a specialisation like IBM.  

5) Salary 

The salaries offered in the job domains associated with a management area can also be a deciding factor for choosing a specific specialisation. Some students may prefer to choose an area of specialisation in MBA because the job domain of that field is highly paid.

Highest MBA salary in India

For example, finance management, business analytics, marketing management, IT management etc. are highly paid domains of management even at entry level job positions. So these are quite popular specialisation domains of MBA. 

6) Curriculum and Subjects in the Specialisation 

Before choosing an MBA specialisation, you should also check the course curriculum and the subjects that you will be studying in that domain. This will help you to get a basic preliminary idea about the areas of management that you will deal with in that specialisation and you can accordingly select the specialisation as per your interests.  

After considering these factors altogether, you can decide which MBA specialisation meets your needs for career and academic development the best and pursue it. 

Dual Specialisation In MBA

Choosing the right MBA specialisation can be a tedious task, more so when a student is interested in more than one specialisation. To address this concern, many universities are now providing students with the option of dual specialisation in MBA. 

This means that a student can opt for a combined specialisation involving two distinct areas of management. This allows students to get thorough knowledge and skills of the 2 chosen specialisation areas and expand their professional scope and opportunities further. Some of the common dual specialisations that are provided by universities include:

Marketing Management and Finance Management	Marketing Management and Human Resource Management
Finance and Human Resource Management	Banking and Finance Management
Marketing Management and Analytics	Human Resource Management and Operations Management
Logistics and Supply Chain Management	Human Resource Management and Organisational Leadership
Analytics and Finance Management	HRM and Finance Management

There can be many more dual specialisations that may be available, varying from one university to another. In some universities you may get the choice of picking the 2 specialisations that you want to pursue. 

Why Choose an MBA? 

Management is a lucrative career domain for those who have an aptitude for administration, business processes, organisation of activities and so on. 

The most demanded course in the domain of management is an MBA. MBA is one of the most popular courses of higher education and is pursued by students from various disciplines. It is a postgraduate level management course and has a duration of 2 years. 

If you are confused as to whether you should choose MBA or whether it can give you the necessary direction needed in your career, here are a top few reasons which can make an MBA the most suitable course for you: 

• No Stream Restrictions: It can be taken up by a person from any educational background. So irrespective of your past educational stream, you can take up an MBA course after completing graduation level education. 
• Industry-Oriented Course: An MBA gives you in-depth understanding and knowledge of various domains of management and provides you necessary skills needed in the professional domain. 
• Higher Job Scope: An MBA degree increases the employability of a person manifold. Completing an MBA degree increases your chance of career growth and salary hike.  
• Networking: Pursuing an MBA also helps you to network while completing your education degree. This helps you to establish contacts and form peer networks with a diverse range of students, which is very important in areas of management. 
• Practical Exposure: An MBA degree acquaints you with situations similar to actual professional circumstances and provides the necessary practical exposure. 

Alternatives to Regular MBA: Online MBA

When it comes to industry demands, there are no differences in specialisations for professional needs. The industry trends, professional demands, job scope and placement options are the same for MBA graduates irrespective of whether they pursue an online, distance or regular MBA. Distance or online MBA programs are only different from a regular MBA in the mode of teaching and learning. There is no difference in the career scope or the industry trends for an online or a regular MBA degree.

The demand for an MBA degree is very high in India, especially in the corporate sector. However, there are limited seats and infrastructural facilities for catering to the educational needs of such a huge population of management aspirants in the regular mode.

In addition, the cost of pursuing a full-time MBA in the regular mode starts from around INR 2 lakhs and hikes all the way up to INR 25 lakhs when completed from a reputed business school or management institution. Although the cheapest MBA courses in the full time mode may be available at much lower costs, pursuing a regular MBA from a reputed organisation/university may be unaffordable for many students in India financially. 

MBA Online Explained	Distance MBA Explained
Online MBA Specialization In Demand	Is An MBA Worth It?

Keeping in mind such concerns, and with the added thrust in online education, many universities and business/management institutions are now providing their MBA courses in the fully online mode. 

The benefit of pursuing an online MBA over a regular MBA course have been listed here: 

• An online MBA now has the same value and credibility as a regular MBA degree, as approved by the UGC. 
• Aspirants do not have to clear entrance examinations to take admission in an online MBA unlike a regular MBA degree where students must clear a national level of entrance such as CAT, MAT, GMAT, ATMA etc. to get admission in the course. 
• An online MBA has a much more pocket-friendly fee range than a regular MBA which may be unaffordable for a large number of aspirants.
• Most of the in-demand specialisations in a  regular MBA are also available in an online MBA course.
• An online MBA course provides more flexibility of learning to the student than a regular MBA student. 
• The comprehensiveness and rigour of learning is maintained in the online MBA mode through a number of technologies for learning, practicals, case studies, discussion and doubt clearing sessions etc. 

How to Convert SGPA to Percentage?

How to Convert CGPA to Percentage?

Regular vs Distance vs Online MBA

Regular MBA	Distance MBA	Online MBA
Full-time Course	Part-time Course	Full-time Course
Must be UGC-Approved	Must be UGC-DEB Approved	Must be UGC-DEB Approved
Delivered in Offline Physical Mode	Delivered through Correspondence	Delivered through the Virtual Learning Mode
Offline Lectures	Self-Paced Course	Online Lectures
Printed and Digital Course Materials	Self-Learning Materials	Digital Course Materials
Course Fee from INR 2,00,000-INR 25,00,000	Course Fee from INR 30,000-INR 1,50,000	Course Fee from INR 30,000-INR 3,00,000
Entrance Exams- Based (CAT/GMAT/MAT etc.) Admissions	Eligibility Criteria-Based Admissions	Eligibility Criteria-Based Admissions
Physical Examinations	Physical Examinations	Online Proctored Examinations

 Distance MBA courses have been in place since decades now, but online MBA courses are much more comprehensive and industry-oriented to meet the prevalent professional standards. Online MBA degrees provide the necessary guidance and exposure to students through regular live lectures, discussion sessions and webinars with industry experts. 

The placement scope after completing an online MBA is similar to that in the regular mode, since an online MBA (when obtained from a well-accredited university) is a recognised and credible degree. 

Explorer Top Trending Article

Format of Writing An Article	What Is Data Science
Online Learning Explained	HR Interview Questions and Answers
Power Management Explained	How to Deal with Layoff