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

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

Jan 22, 2024 107.9K Reads

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. 

Top 3 MBA Specializations 2023

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. 

MBA Specialization

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.

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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. 

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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. 
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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. 

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FAQs (Frequently Asked Questions)

Some of the most well-developed and popular MBA specialisations include finance management, marketing management, human resource management, operations management, logistics and supply chain management etc. There are many other budding specialisations like artificial intelligence and machine learning, international business management, entrepreneurship etc. which are also popular in an MBA course.

There are many MBA specialisations with fairly high pay packages. The most highly paid MBA specialisations include marketing management, finance management, data science and business analytics.

Some MBA specialisations which offer a good career scope and scope for growing one’s career include finance management, marketing management, HRM, international business management, IT management, operations management etc.

While choosing an MBA specialisation, consider the following major factors: 
Your interest areas

  1. Your aptitude and skills in your interest areas
  2. Career scope of the specialisation 
  3. Job roles and responsibilities in that specialisation
  4. Curriculum and Subjects in the specialisation

Once you have evaluated such factors you can pick the MBA specialisation that will best serve your academic and professional goals in the management sector. 
 

Yes, some universities and business schools provide students with the facility of going for dual specialisations, which can involve two distinct areas of MBA.  

Dual specialisation in MBA is the special provision in the degree course wherein two distinct areas of specialisation are provided together to a student. Common examples include marketing and finance management, finance management and HR management, HR management and marketing management etc. 

There is no compulsion for a candidate to have studied maths for any MBA specialisation. Without having a mathematics background, some of the best MBA specialisations to take up include marketing management, human resource management, international business management etc. 

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