Top 5 MBA Specializations in India

Table of Contents

What is the MBA Specialization?

All business comprises different departments which work together to achieve the business goal. The students who pursue an MBA get a better understanding of different departments and functions in a business by selecting elective courses from the list of MBA courses in a specific domain such as marketing, human resources etc. These elective courses are designed in a way that they give complete in-depth knowledge and skills about the course elected for specialization. Completing specialization in a particular domain makes students confident enough to secure employment in their area of expertise.

How to choose MBA Specializations?

Scope: Students should choose a specialization with a wider range of career options so that after completing their MBA degree they get better job opportunities.

Reputation of the Institute: Students should always choose the college or institute that is known for the specialization that the student wants to pursue. It is advised that students should check the ranking of the institute on various ranking agencies like NIRF, Outlook etc.

ROI: Students should also focus on the returns which they can get after their MBA. So they should choose those programs which at least give twice the amount of investment.

Placement Record: Before selecting any program, students should check the previous year’s placement records of the program, this gives a better idea about the future career opportunities.

Pedagogy: Students should also focus on the faculty of the institute before selecting a program.

List of Top 5 MBA Specializations in India

1) MBA in Finance

An MBA in Finance is one of the most popular choices in the list of MBA specializations as this field has immense chances for growth. After doing specialization in finance the person will focus on accounting management, planning and controlling of financial resources of industry, banking, privatization etc.

# Subjects in MBA Finance Course?

After selecting a specialization in finance, students will study the mentioned topics –

Accounting for Managers
Business Communication
Quantitative Methods for Management
Managerial Economics
Organizational Behavior
Macroeconomics
Marketing Concepts and Practice
Corporate Finance
Strategic Management
Investment Analysis and Portfolio Management
Financial Markets and Institutions
Advanced Financial Management
Public Financial Administration
Business and Corporate Laws
Human Resource Management
Information Technology for Finance
Production and Operations Management
Treasury and Risk Management

# Top MBA Colleges in Finance

These are the top colleges which offer the best academic and practical aspects of an MBA in Finance

SP Jain Institute of Management and Research
Narsee Monjee Institute of Management Studies
Jain University
Institute of Management – Christ University (IMCU)
Lal Bahadur Shastri Institute of Management (LBSIM)
National Institute of Bank Management
Amritsar Group of Colleges (AGC)
Xavier Institute of Social Service (XISS)
IBMR Business School
Chhatrapati Shivaji Maharaj University (CSMU)
International School of Business & Media (ISB&M)
Universal Group of Institutions (UGI)

# Job Scope and Salary after MBA in Finance

After completing MBA in Finance the starting annual salary package of a student varies from INR 2,00,000 to INR 15,00,000.

Some of the top recruiters for MBA in Finance are –

Goldman Sachs
Morgan Stanley
Merrill Lynch
JP Morgan
EY (Ernst & Young)
Capgemini Consulting

After an MBA in Finance, the student gets the following career options

Asset Management
Corporate Finance
Corporate Banking
Credit Risk Management
Derivatives Structuring
Hedge Fund Management
Private Equity
Treasury
Sales
Trading
Finance Ministry
Stock Market

2) MBA in Human Resource Management (HR)

MBA in HR Management is another popular MBA specialization as it trains the students with all the skills, concepts and knowledge required to manage human resources and generate leads for the success of the company. This program teaches about recruiting, training, team building, performance updates, employee health, employee policy, employee health and safety etc. If a person has good communication skills and can handle tough situations then he should think of doing this course.

# Subjects in MBA in HR Course

Students pursuing an MBA in Human Resource Management will study the following subjects –

Employment Relations Law – Law of Industrial Relations
Employment Relations Law – Law of Social Security
Fundamentals of Human Resource Management
Fundamental of Labor Laws
Performance Management and Appraisal
Fundamentals of Industrial Relations
Human Resource Planning
Wage Determination and Administration

# Top MBA Colleges in HR Management

HR Management is offered in many Management colleges in India as it is the most opted choice in the list of MBA specialization. A few of the popular colleges offering HR Management are –

Xavier Labour Relations Institute
Tata Institute of Social Sciences
International School of Business and Media
Jayoti Vidyapeeth Women’s University
GNA University
Faculty of Management Studies (FMS) – University of Delhi
Management Development Institute (MDI)
Indian Institute of Management (IIM) Ranchi
Management Development Institute
Chandigarh University
University of Petroleum & Energy Studies (UPES)
SUN International Institute for Tourism and Management (SIITAM)

# Job Scope and Salary after MBA in HR Management

The annual salary package after specialization in HR Management lies between INR 4,50,000 to INR 15,50,000.

Some of the top recruitment companies for HR Management are –

Randstad
Kelly Service India
Mercer India
Adecco India
Black and White business solutions
ABC Consultants
Genius Consultant Ltd.
Career expert
Talent Mappers

Career options MBA in HR Management are –

HR Assistant
Technical Recruiter
Training and Development Coordinator or Manager
Payroll Specialist
Human Resource Manager
Employee Relations Manager
Compensation or Benefit Analyst or Manager
HR Information Systems Manager
Labour Relations Manager

3) MBA in Information Technology (IT)

IT Management is the management of all information resources of a company which includes computer hardware, software, networks, data, data center facilities etc. MBA in Information Technologies educates students on how to manage the planning, design, selection, implementation, use and administration of emerging and converging information and communication technologies.

# Subjects in MBA in Information Technologies

The syllabus of the MBA in IT comprises of following subjects –

Enterprise Business Applications of IT
IT Strategic Planning
IT Outsourcing Strategy and Operations
IT Consulting and Advisory Practice
E-Business
IT Project Management
Emerging Platforms and Services
Technology Entrepreneurship
Technology-Enabled Business Model Innovation

# Top MBA Colleges in IT Management

Some of the top colleges in India which offer MBA in Information Technologies are –

Jamnalal Bajaj Institute Management Studies (JBIMS)
Balaji Institute of Modern Management
Lloyd Business School
ASM Group of Institutions
University of Engineering & Management (UEM)
Symbiosis Centre for Information Technologies
KJ Somaiya Institute of Management Studies and Research
Bharatiya Vidya Bhavan Institute of Management Science (BIMS)
Bharati Vidyapeeth University Institute of Management (BVU)
Chandigarh University (CU)

# Job Scope & Salary After MBA in Information Technologies

The students pursuing an MBA in IT can accept a salary package of INR 7 lakhs to INR 30 lakhs.

The famous companies that hire students for MBA in IT are –

Google
Facebook
Qualcomm
Adobe
F5 Networks
Apple

Career options after MBA in Information Technologies are –

Project Manager
Information System Manager
Consultant
Product and Corporate Marketing
Cross-Platform Communications
Business Development Manager
Strategy and Planning
Product Manager

4) MBA in Business Analytics

In MBA in Business Analytics, students are taught how to create data-based business strategies. In this course, students also learn how to process and read large amounts of data to generate results and provide real-world solutions and strategies beneficial for the growth of a business.

# Subjects in MBA in Business Analytics Course

Following are the subjects taught in the MBA in Business Analytics course –

Financial Accounting
Risk Management
Data Modelling
Big Data Analytics
Financial Analysis
Computational Methods
Data Mining
Statistical Analysis
Business Intelligence
Optimization Analysis
Simulation Modeling

# Top MBA Colleges in Business Analytics

Here is a list of top MBA colleges which offer specialization in Business Analytics –

Manav Rachna University
VELS University
Galgotias Business School
Chandigarh University
BIMS Kolkata
Christ University Institute of Management
DIT University
UPES Dehradun
Versatile Business School
International Institute of Business Studies
VGU Jaipur
GLIM, Chennai

# Job scope and salary after MBA in Business Analytics

The salary package of a student with a specialization in Business Analytics varies from around INR 6 lakh to INR 20 lakh annually.

The best career options for MBA in Business Analytics are –

Business Analyst
Data Analyst
Data Scientist
Quantitative Analyst
Market Research Analyst
Data Mining Expert
Data Warehousing
SAS Programmer
Predictive Modeler

5) MBA in Logistics and Supply Chain Management

MBA in Logistics and Supply Chain Management deals with planning, implementing, and controlling of flow and storage of goods and services between point of origin to point of consumption. The need for a new kind of supply chain, logistics or operations manager in companies lead to the addition of this program to the list of MBA specialization courses.

# Subject in MBA in Logistics and Supply Chain Management

The syllabus of the MBA in Logistics and Supply Chain Management comprises of following subjects –

Economics and Management Decisions
Organizational Behavior
Marketing Management
Operations and Materials Management
Business Communication
Introduction to Logistics and Supply Chain Management
Accounting in the Logistics and Supply Chain Sector
Human Resource Management
Logistics Planning and Strategy
Lean Supply Chain Management
Financial Management in the Supply Chain Industry
IT Application in Supply Chain
Strategic Management
Business Process Re-Engineering
Multi-Model Transportation
Supplier Relationship Management
Supply Chain Modeling and Design
Supply Chain Simulation
Global Supply Chain Management
Logistics Management
Procurement Consultant Management

# Top Colleges in MBA in Logistics and Supply Chain Management

Amity Business School
School of Business, University of Petroleum and Energy Studies
Presidency University
School of Management, Dr. DY Patil University
VELS Chennai
BML Munjal University
ADYPU Pune
Mansarovar Global University
Lovely Professional University (LPU)
Institute of Logistics & Aviation Management (ILAM)

# Job scope and salary after MBA in Logistics and Supply Chain Management

The annual salary package after an MBA in Logistics Management is more than INR 7 lakhs.

Top employers for MBA in Logistics and Supply Chain Management are –

Damco
FedEx
Blue Dart
First Flight
HealthKart
GAIL
ONGC
NHPC

The best career options for MBA in Logistics and Supply Chain Management are –

Supply Chain Manager
Supply Chain Consultant
Logistics and Distribution Manager
Supply Chain Analyst
Supply Chain Coordinator
Expeditor
Materials Planner
Production Planner
Sales Order Planner
Master Scheduler
Demand Planner
Assistant Buyer

Conclusion

Therefore the best MBA specialization varies for each individual, depending on their unique blend of interests, skills, and career objectives. Before selecting any specialization students must conduct thorough research, seek guidance from professionals, and align their aspirations with the programme. In conclusion, the choice of MBA specialization in India is a crucial decision that can shape a student’s career. Each specialization has its own merits and demerits. Understanding your strengths, passion, and career goals will help you make an informed choice, ensuring a fulfilling and successful MBA journey in India.