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Online MBA offers a myriad of specializations for you to choose from. The General MBA gives you an overall basic knowledge of all these specializations, however, for in-depth knowledge of one particular discipline, you need to opt for Specialisation specific online MBA programs.
Types of Online MBA Specialisations In Demand
Universities have established various new specializations for online MBA degrees in the past few years because of the rising demands in those industries. The scope of graduating in specialization-specific MBA programs is immense. There have been a lot of job opportunities in industries for specialization-specific roles.
We have listed below and described the 20 best and most in-demand online MBA specializations for you to decide which one is the best for you. In the end, we have also listed the top 7 online universities in India for online MBA and the specializations they offer. So without delay, let’s get straight to it.
The 20 top specializations in demand this year for the online MBA program are:
#1 Analytics & Data Science Management
Analytics and Data Science In Online Mode are two such fields that currently seem to rule the technological world. The tech industry not just in India but also abroad is increasingly prioritising technologies based on analytics and data science. Most world leaders call it the future of the world. With all this said, it is evident that Analytics and Data science have a lot of scope not just currently but far in the future to come. Hence, management roles in this specialization are quite in demand.
Another reason for the demand for management graduates in this specialization is that no matter how good of an Engineer or Data Scientist you are, you can not necessarily be a good manager as well. So, to manage tech industries, organizations are looking for people who are not just good at management but are also equipped with some technological knowledge in the field of Analytics and Data Science.
#2 Aviation Management
Online Aviation Management is the specialization of MBA online that builds business administrators ready specifically for the Aviation and Airline Industry. The program aims to teach students the concepts of General and Business Management that run the industry. This course prepares you for various managerial roles within the industry including various public and private flight operations. This course is also equipped with the required curriculum that introduces you and prepares you for a career in the international aviation industry as well.
#3 Banking, Financial Services, and Insurance Management
Online Banking, Financial Services, and Insurance (BFSI) Management is a rapidly growing industry in India because of the increasing per capita income, increased financial awareness in customers, new technology, expansion in distribution and the country’s economy, and networking. In the past 15 years, the BFSI industry has seen some great reforms, and based on the country’s inclusive growth, this industry is going to continue to be one of the top priorities for India’s economic development. Hence, the scope of BFSI Management shortly is crystal clear.
#4 Business Management
Online Business Management is one of the most popular and important specializations in the MBA program. The name MBA comes from Business Administration. An MBA in Business Management prepares you to organize, coordinate, and manage business activities within an organization. Since this course introduces you to every aspect of business management, you are ready to even start your own business.
You can imagine the vast scope of this specialization in this business-driven world. Anything you see around from education to medicine to technology, almost everything runs on business models today. And to efficiently run these businesses, you need business administrators and managers.
#5 Entrepreneurship and Leadership Management
This specific specialization of an online MBA prepares you to be great leaders and entrepreneurs and run successful business ventures. The program focuses specifically on teaching you strategic management using your entrepreneurship qualities. The program aims to hone your leadership skills so that you can organize, motivate, and lead a group of people toward success.
The objective of this specialization is to teach you the importance and benefit of innovation and risk optimization, teach you to build a dynamic organizational environment, and also how to find, grab, and take advantage of the opportunities around you. The scope of this specialization is something that is going to be alive forever as there always will be innovations and new businesses coming out of the minds of entrepreneurs. Click here to enroll!
#6 Finance Management
Online Finance Management is that stream of MBA that focuses on the managing, organizing, strategic planning, and controlling of finances within an organization. The scope is vast as you get the opportunity to work for both private and government organizations on the economic development of the country. Job roles in this sector are going to be available as long as there is money in the world, which is probably forever. So you need not worry about your future if you decide to build your career in Financial Management.
#7 General Management
The Online General Management specialization of MBA offers one of the highest-paying jobs in the Management industry. As a General Manager, you will have to oversee the daily operations of all the units of a business segment within an organization. General Management includes creating and managing budgets and employee management as well. The objective of this specialization is to teach you to set operational policies to ensure that the business is meeting its strategic goals. The job is quite demanding but equally rewarding at the same time with a great future.
#8 Hospitality Management
The hospitality industry is a new, young, and still growing industry with immense career prospects because of its fast growth. Hospitality Management is the specialization of an MBA that prepares you for managerial roles in industries like travel & tourism, hotel & restaurants, housekeeping, catering, and other related industries. Tourism has seen a sharp rise in the past decade and hence has greatly affected other related hospitality industries. This has led to an increase in demand for hospitality managers as businesses want to improve their hospitality and please customers for better engagement and a successful business.
#9 Human Resource Management
Online Human Resource Management is another popular and old yet vital specialization of an MBA program. This specialization aims to teach you the basics of effective management of people (both employees and employers) within an organization. It also educates you on the strategic approaches for efficient communication between the company and its employees. Jobs in this field have always been in demand and will continue to be the same in the future as well, making it a promising career prospect.
#10 Information Technology and Systems Management
The Information Technology industry is a vast marketplace in today’s technologically advanced world. There is great demand for managerial positions within this industry. The Information Technology and Systems Management specialization of MBA focuses on educating students to develop managerial skills along with critical thinking and the usage of modern technology to study and develop business solutions in the IT & Systems department of any organization.
You will also be taught the concepts of system analytics, digital payments, enterprise resource planning, organizational behavior, and information technology in Management. The future in this specialization is surely quite secure as the demand in the industry is immense.
#11 IT & Fintech Management
For those who aspire to build a career as managers in the Information Technology or financial technology sector can opt for this specialization of the MBA program. This sector is evolving and has a bright future owing to the popularity of financial technologies in the current era. The managerial roles in this specialization offer lucrative job roles with high salary packages.
#12 International Business Management
With increasing networking across the globe, businesses have also been transcending boundaries and getting established in various countries around the world. This specialization is different from regular business management as you need to be aware of the international practices in businesses.
This course focuses on teaching you foreign trade policy, global outsourcing, international currency management, WTO, and international regulatory environment. There is great scope as international business has been gaining quite a lot of importance lately. This specialization offers you lucrative job opportunities around the world.
#13 International Trade Management
Trade in the international market has a lot of job opportunities for management graduates. However, these jobs require you to be aware of the management practices specific to the international trade market. Hence, this specialization has been designed to prepare students for managerial roles in the international trading industry. The industry is vast as it spans the globe, so naturally the scope of a career is great as well.
#14 Logistics & Supply Chain Management
In any business organization, the management of logistics and supply chain of the products is an important and integral part. Logistics management requires you to organize and manage the process of integration, storage, and maintenance of goods in the organization while Supply Chain management requires you to efficiently organize, coordinate, and manage the movement of supply chains of the organization. This program specializes in this aspect and makes its students ready to effectively oversee the logistics and supply chain management in their organizations.
#15 Marketing & Sales Management
Marketing and Sales is currently one of the most popular specializations of an MBA program. The job roles after graduating in this specialization are creative, innovative, and lucrative. This course teaches you to identify and be up to date with the changing business landscapes and demands. You also learn the importance and application of both traditional and modern-day marketing. You will be able to explore contemporary marketing techniques to understand marketing at both regional and global scales.
#16 Operations & Production Management
Operations and Production a crucial facets of any business organization. Therefore, this specialization aims to develop managers to specifically deal with the operations and production departments of an organization. The course teaches you the fundamentals of operations management along with procurement management, quality management, logistics as well as distribution channel management. Other important subjects you will be learning if you specialize in Operations and Production are- optimizing capacity and production, determining output to measure performance, and cutting operation costs.
#17 Petroleum & Natural Gas Management
The management roles in the Petroleum and Natural Gas industry require not just managerial skills but also knowledge of the fundamentals of the oil and gas business. Hence, this specialization has been created to make the students aware of the fundamentals of petroleum explorations, petro economics, refining, and environment and carbon finance. If you wish to enter the Energy industry in managerial roles, then knowledge of these subjects is a must, and hence MBA in this specialization is what you must opt for.
#18 Project Management
Project Management is the specialization of an MBA that focuses on the specifics of managing projects within a department by leading a team to achieve all the goals of the project. As a Project Manager, you will be required to focus on specific projects to lead them effectively and efficiently to produce the desired output. There is great scope in this field as it has been seen that various organizations have failed to manage projects efficiently in the absence of a project manager. Therefore, they have been hiring managers dedicated to specific projects and not to forget the worthwhile salaries offered.
#19 Retail Management
This specialization of MBA teaches the fundamentals of business administration with a specific focus on retail management. You will learn to manage various activities including financial and cost implications within the retail sector. Other important things that you learn in this specialization course are the importance of governance, the role of logistics and supply chain management, and the risks involved in the organized retail sector. Graduating from this MBA specialization makes you ready for the retail management industry.
#20 Supply Chain Management
Supply Chain Management is one important branch of the MBA course. This specialization teaches you to apply the concepts of supply chain operations to business management principles. You will learn the illustration of the value of procurement, logistics management, lean, warehouse, and inventory management to create an efficient supply chain.
Top 7 Online MBA Colleges in India
After research and comparisons on various parameters such as affordability, rankings, accreditations, faculty, LMS, placement, and career support, we have narrowed down to the 7 best online universities to offer an online MBA degree. You will easily be able to find these universities offering all the specializations mentioned in this blog.
Given below are the 7 best online universities for online MBA along with the specializations that each of them offers.
#1 NMIMS
NMIMS offers a total of 10 specializations for its online MBA program. The course is conducted in the blended online distance learning (ODL) mode by the university. The 10 specializations are:
| MBA- Banking and Finance Management | MBA- International Trade Management |
| MBA- Business Management | MBA- Marketing Management |
| MBA- Financial Management | MBA- Operations Management |
| MBA- Human Resource Management | MBA- Retail Management |
| MBA- Information Technology and Systems Management | MBA- Supply Chain Management |
#2 Amity University (Online)
Amity Online University offers a total of 12 specializations for its online MBA program. The wide range of specializations is carefully chosen to make sure the students can build their careers in various diverse sectors. The 12 specializations are:
| Entrepreneurship and Leadership Management | Information Technology Management |
| Finance and Accounting Management | Insurance Management |
| Global Finance Market | International Business Management |
| Hospitality Management | Marketing & Sales Management |
| Human Resource Management | Petroleum & Natural Gas Management |
| Retail Management | Production & Operations Management |
#3 LPU Online
Lovely Professional University (LPU) offers 4 major specializations for its online MBA program. All these 4 specializations are the top in-demand specializations of the time. The 4 specializations are:
- Finance Management
- Marketing Management
- Data Science Management
- Human Resource Management
#4 Manipal Online
Manipal University Jaipur Online is another top online university that offers 8 varied specializations for its online MBA program. All these 8 specializations were crafted with the current business demands in mind. The 8 specializations are:
| Analytics & Data Science Management | IT & Fintech Management |
| Banking, Financial Services, Insurance | Marketing Management |
| Finance Management | Operations Management |
| Human Resource Management | Retail Management |
#5 Chandigarh University Online
Chandigarh University offers one of the most convenient and affordable online MBA programs in India. It offers 4 major and in-demand specializations for its online MBA program. The 4 specializations are:
- Finance Management
- Human Resource Management
- International Business Management
- Marketing Management
#6 UPES Online
The University of Petroleum and Energy Studies is located in Dehradun. It is one of the best universities in India when it comes to Petroleum and Energy related specializations. UPES offers an online MBA program in 9 specializations including disciplines from Energy Studies. The 9 specialisations are:
| Oil & Gas Management | Aviation & Infrastructure Management |
| Power Management | Data Science Management |
| Renewable Energy Management | Logistics & Supply Chain Management |
| HSE (Industrial Safety) Management | Project Management |
| International Management |
#7 Jain Online
Jain University Online is another great when it comes to affordable and learner-centric education. The university offers 14 specializations for its online MBA program. This wide range of specializations helps students grow in various dynamic and diverse sectors. The 14 specialisations are:
| Aviation Management | Human Resource Management and Finance |
| Business Intelligence & Analytics | Information Technology Management |
| Finance Management | International Finance Management |
| Finance & Marketing Management | Logistics & Supply Chain Management |
| General Management | Marketing Management |
| Human Resource Management | Marketing & Human Resource Management |
| Systems & Operations Management | Project Management |
Conclusion
We hope this blog was useful for you and you got an idea about all the major specializations that online MBA offers. If you need any information about the colleges that we mentioned in this blog for online MBA, then you can visit the website of College Vidya to get more insights about these colleges.
