The MBA (Master of Business Administration) is a 2-year master degree program in business administration/management originated in the United States that aims at making you proficient and expert in chosen course. But the question arises why it is so demanding and has high entry requirement, why should you do an MBA even after knowing that the course is expensive? Reasons are many like you get better career opportunities andchances of holding a higher level management position with better salary due to their qualification level. You get to know how to interact with the business professional in a relevant manner to maximize your business profit and also get great networking opportunities. According to the employers, most of the MBA graduates are more credible with extreme confidence and influencing power. MBA students are trained to become future managers by giving a chance to experiment with your approach to problem solving and develop your management and interpersonal skills during the course. Finance, Marketing, Human Resource and Operations are few popular streams of MBA but these days you have a various field in which you can specialize, but as the demand of MBA graduate is increasing many educational institutions are coming up with various types of short duration courses.
Human Resource (HR) is a function in organizations designed to maximize employee performance in service of an employer. As an HR manager you will be involved in the process of hiring the workforce, providing development and training, maintaining workforce regulation, assessment of their performance, providing compensation and benefits, motivating, relation with labor, health, welfare and safety assessment. Human Resource management is the backbone of any industry as it takes care of the employees which are the most valuable asset to any organization. You need to prepare job descriptions, assess manpower requirements, taking care of legal issues related to employees promote a healthy relationship between management and employees.
Best Job options after MBA in HR:
MBA in Finance is one of the popular and mostly opted by the students for specialization. Financial management is defined as the efficient and effective management of the funds of the organization. This field of specialization is for the person who is good with numbers and balance-sheet with high analytical skills. Banking sector of India requires MBA in Finance specialists majorly. While specializing in finance you are required to study costing, budgeting, international finance, capital management etc.By this degree, you can get a job in commercial banking, investment banking, financial planning, money management, insurance sector and can also be an important part of the stock market.
Best Job options after MBA in Finance:
Marketing is defined as the communication between a company and the targeted audience with an aim to increase the value of the company or its merchandise. Do not confuse it with selling because marketing is a kind of thinking based business in terms of demand/need and satisfaction of a customer. The process of marketing includes price recognition after the identification, selection, and development of a product after which a particular distribution channel is selected to reach the target audience with development and implementation of a promotional strategy. It is one of the oldest streams of MBA specialization that leads to ultimate sales with the help of marketing strategies and plans. The course helps you to learn about sales, marketing fields, executive and leadership management skills, market strategies, product management, market research and consumer trends etc. Marketing is the heart of any organization and students with an interest in entertainment, media, promotion, advertisement and sales can opt this field of MBA specialization.
Best Job options after MBA in Marketing:
Entrepreneurship is defined as the process of designing, launching and running a new business that typically starts as a small/startup entity offering a product or service for sale or hire and the entrepreneur is basically a risk taker, organizer, and innovator of that business. Some entrepreneurs are born with required specialized skills for a business through which they give wings to their ideas. We have many success stories of entrepreneurs like Steve Jobs of Apple, Larry Page, and Sergey Brin from Google, Kiran Mazumdar-Shaw of Biocon, etc. to inspire our youth to choose this field but it is not necessary that everyone who wishes to start their own business will be born with the required skills. MBA in Entrepreneurship management helps you to develop the right set of skills required for successful business and helps you in building a professional network. To become a successful entrepreneur you need to have flexibility and passion for your business and during the course, you are taught few more soft skills like networking, team working, leadership skills, creativity and flexibility in decision making.
Best Job options after MBA in Entrepreneurship:
Tourism and Hospitality industry is the part service sector that is growing rapidly day by day resulting into more job placements. It also is emerging as the key contributor to the economy of a country and if we talk about India Tourism constitutes about 6% of its GDP. A student pursuing MBA in this specialized field will have a wide scope on the national and international level. If you are a person who loves to travel and interacting with people and wish to have a job where you get paid to travel then this MBA specialization is meant for you. By pursuing this degree you will have detailed business sense for this sector with effective communication, personality development, managerial and problem-solving skills. This industry is mainly about making people happy with your services, therefore, you need to be good with people.
Best Job options after MBA in Tourism and Hospitality:
Can you imagine to communicate without technology with your far sitting loved ones? Indian telecom sector in current scenarios has the second largest phone user base. Telecommunication is generally defined as the transmission of signals, messages, signs, writings, images and sounds by wire, radio, optical or other electromagnetic systems. MBA in Telecommunications helps you to develop skills to design network, influence policy making, create cost models for implementation of new technology, and understand the organizational and user implications of networking systems. During the course, you are taught networking fundamentals, wireless technology, broadband communication, telecom security management, etc. It is one of the fastest growing sectors as telephone connectivity interest is growing in the world.
Best Job options after MBA in Telecommunications:
In the current scenario, media is considered as the powerful tool that has the potential to disclose sensitive, classified and secret information in favor of national interest protection. It is one of the popular medium used these days to address social/nation issues. MBA in Media management helps in enhancing your skills and gain expertise through various mode like Television, Print, Advertising, Photography, Broadcasting, Digital and Publishing in Entertaining, educating, communicating and persuading mass at the same point of time. An MBA in Media and Entertainment ensures career opportunities in the field by teaching time management, communication skills, creativity, technological and analytical skills strategies to the student. As the industry is growing rapidly, the requirement of young and enthusiastic business administrators in film, television, advertising, publishing media, and music/radio FM channels is also increasing resulting in more job prospects for the pass out students.
Best Job options after MBA in Media and Entertainment:
Due to increasing globalization and international business competition, these days MBA in International Business is preferred by students to develop their capabilities and resources in the global economy. The course generally focuses on strategic planning for international level operations like marketing, finance, and resource management by providing the in-depth understanding of the organizational capabilities. International Business Management degree gives special training in export and import management, international marketing, foreign exchange management and international finance. It also helps you to have a strong foundation in general management subjects. It is basically just like the general MBA but with a global perspective where students are taught keeping the international market and its trend in mind.
Best Job options after MBA in International Business:
Operation Management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods and services. As an operation manager, you are required to ensure that the business operations are efficient and effective in terms of meeting consumer requirements. MBA in Operation Management course makes a student efficient in managing the process behind the successful production and distribution of a product in an organization. Eye to detail, excellent negotiation skills, calm, etc. are few traits of a successful MBA graduate with Operation management specialization.
Best Job options after MBA in Operations:
Information Technology is the application of computers and the internet to store, retrieve, transmit and manipulate data or information. It is one of the popular and important MBA specialization that give insight of software, hardware and networking wings. Without the solid support of IT department, no business can run in this technologically advanced competitive market. As an IT specialist, you need to give a solution to for hardware and software related business problem. Most of the information is shared through technology (internet) these days to cut cost, beat the competition and offer more value to customers making IT department an essential part of any business. It is one of the new MBA specialization that has gained popularity in very less time. The course makes you efficient in application and implementation of IT in the business and is an attempt to combine business with Information Technology sector. A number of national and international companies are in need of IT specialists who excel in management as well like Cognizant, Deloitte, Microsoft, Apple Inc. etc.
Best Job options after MBA in Information Technology:
Due to its association with glitz and glamor, Event Management is one of the popular fields of youth and MBA specialization in this field makes you an expert in conceptualizing, planning, budgeting, managing, marketing, coordinating, organizing and executing an event. Do you remember the opening and closing ceremony of 2010 Commonwealth Games in New Delhi, do you also wish to be the part of something major like this? You will be happy to know that major events like IPL, Olympics, Literature fest or Commonwealth games rely on event management companies. Wizcraft International Entertainment Ltd is one the leading event management company of India that organized 2010 Commonwealth Games opening and closing ceremony in New Delhi. One of the key important thing in event management business is of having useful important contacts to run and bring the business. To pursue your career in this field you need to have few qualities like leadership, public relation, budgeting, risk management, marketing, conceptualizing, planning and implementing events skills.
Best Job options after MBA in Event:
MBA in Healthcare sector prepares its students for a various management position in the industry like Healthcare facilities, pharmaceutical companies, insurance agencies, facilities for elderly care and public health agencies. This industry has witnessed remarkable growth over the time as the concept of the healthcare sector is now going beyond the hospitals due to the positive shift in demand for superior health care facilities and rising awareness by the people. Therefore, the industry is in need of highly qualified healthcare management professionals to handle and manage the whole system efficiently.
Best Job options after MBA in Healthcare:
Retail involves the process of selling consumer goods and services to customers through multiple channels of distribution to earn profit and retail management procure the desired merchandise from the retail store. Retail management generally is the study of the proper utilization of resources. It only saves time but also ensures that the customers easily locate their desired merchandise and satisfied. It is one of the fast growing industry to ensure a great career ahead. It is a subject where you need to have detailed knowledge of brands, marketing strategies and retailing strategies to impress your customers. ITC Retail, Tata Group, Aditya Birla Group, etc. are one of the famous organizations that hire Retail Management professionals. It is one of the most rewarding careers for those who are interested in the sales market, advertising, market research, commodities, and campaigning.
Best Job options after MBA in Retail:
Indian textile industry is the second largest employer in India who are in constant need of skillful management graduates. Textile management is defined as the professional industry concerned with the make and management of clothing and apparel. MBA in Textile management is more than just weaving and knitting such as distribution, pricing, and marketing strategies development, identifying the current and upcoming fashion trend. To pursue a career in this field you need to have an innovative mind, understanding of the textile industry can handle criticism and can perform under high-stress situation also. Bombay Dyeing, Fabinida, Raymonds, etc. are one of the top Indian recruiters of textile management graduates.
Best Job options after MBA in Textile:
Risk management is the Identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor and control the probability and impact of unfortunate events or to maximize the realization of opportunities. Risk management is one of an integral part of any kind of business as it helps in avoiding shocks in a way to achieve goals. The course of Risk Management in MBA teaches you how to formulate and implement operational risk management plans with awareness of current business scenario. There is various kind of risks that you will study like corruption, bribery, corporate frauds, fire, natural hazards, information and cyber insecurity, etc.
Best Job options after MBA in Risk:
General management MBA is considered the most traditional one as it provides individual with general business administration knowledge and comprehensive insight into the core elements of business. This kind of MBA generally teach about finance, marketing, operational and strategic management, business ethics and accounting with the main focus on leadership. This kind of MBA is suitable for the one who is unsure about the specialization as it covers basic knowledge of every field which means you will have a wider range of job prospects.
Best Job options after General MBA: