MBA Specialization

MBA-Specialization

Organizations must carry out the following essential tasks in order to manufacture and sell their goods and services, as well as create value for their customers:

  • Development, Design, and Research
  • Management of the Production, Logistics, and Supply Chain
  • Management of Sales and Marketing
  • Manage Human Resources
  • Financial Administration
  • Management of MIS and IT

To accomplish the aims and objectives of the organization, each function must cooperate. In order for MBAs to be successful managers once they leave university, the study of each of these roles is the core of MBA education.

All of these responsibilities are covered by the MBA program’s required core course in the first year of study because all MBAs should have a fundamental understanding of how businesses operate. MBAs choose one or two areas of emphasis based on their interests and the job market after gaining this fundamental understanding of important tasks. Therefore, if you have chosen to focus in marketing as part of your MBA, you will study specialist subjects to further your expertise and aid in landing a job in this field.

Different MBA Specializations Offered in India:

The list of MBA specializations in India includes the two-year full-time MBA programs, which are the most popular. Executive MBA programs with a short duration are increasingly gaining popularity as a way to develop specialized, industry-relevant skills.

1. Full-Time, Two-Year MBA Specializations

Regular MBA with second-year function-based specialization (For ex: MBA with Marketing specialization offered by IIM Ahmedabad, IIM Calcutta, and FMS Delhi). In India, this is the most popular sort of MBA concentration.

MBA with a focus on one of the Functions (For ex: MBA in Finance offered by IIM Kozhikode; MBA in HR offered by XLRI, IIM Indore; or MBA International Business offered by IIFT). This specialized MBA is offered by many IIMs and other prominent business schools.

MBA with a focus on any industry sector (For ex: MBA in Banking & Financial Services by IMI, MBA in Insurance by BIMTECH or MBA in Healthcare by GIM Goa, or MBA in Oil & Gas by UPES Dehradun)

MBA with a Specialized Interest (For ex: MBA in Entrepreneurship or MBA in Family Business Management offered by EDII Ahmedabad)

2. A 1-year full-time specialized MBA or postgraduate certificate program offered by prestigious B-schools, such as the MBA in Business Analytics at Great Lakes and the MBA in Public Policy at IIM Bangalore

3. Executive/Part-Time On-Campus/Hybrid or Online Specialized MBA or Certificate Programs at Top B-Schools & Universities, such as the AMPBA at ISB, the PGDM in Data Science at NMIMS Bengaluru, the PGDM (BA) at IMT-CDL, or the M.Sc. in Business Analytics at BITS Pilani.

Universities and MBA colleges began providing more than 200 MBA specializations due to the variety of MBA specialties! The All India Council for Technical Education (AICTE), a regulatory agency, reorganized the titles of all specialties into 73 categories in January 2020 to reduce confusion. This rule is expected to be followed by all B-schools.

Consequently, this ranking comprises the Top MBA Specializations

Top MBA Specializations in India

IIM and other top MBA colleges are represented in the list of top MBA specialties below. How choose an MBA specialization is dependent on a number of factors, some of which are listed below in this article. Additionally, you can choose the ideal specialization for your PGDM or MBA program based on your interests and skills.

Sr NoMBA SpecializationType of SpecializationExample
1MBA in FinanceFunctionalIIM Kozhikode, JBIMS Mumbai
2MBA in MarketingFunctionalTAPMI Manipal
3MBA in Human Resource ManagementFunctionalXLRI Jamshedpur, IIM Indore
4MBA in International BusinessFunctionalIIFT Delhi, Kolkata; MDI Gurgaon
5MBA in Logistics & Supply Chain ManagementFunctionalUPES Dehradun; LBSIM New Delhi
6MBA Big Data Analytics/ Data Science/ Business AnalyticsFunctionalIIM Bangalore; ISB Hyderabad; Great Lakes Chennai
7MBA in Operations ManagementFunctionalSIOM Nashik
8MBA in Banking & Financial ServicesSectoralIMI New Delhi; IMT Ghaziabad
9MBA in Insurance Business Management  SectoralBIMTECH Greater Noida
10MBA in Rural ManagementSectoralIIM Ahmedabad; IRMA Anand
11MBA in Healthcare ManagementSectoralGIM Goa; K J Somaiya Mumbai
12MBA in Pharmaceutical ManagementSectoralNMIMS Mumbai, IESMCRC Mumbai
13MBA in Retail ManagementSectoralBIMTECH Greater Noida; K J Somaiya Mumbai
14MBA in Energy ManagementSectoralMDI Gurgaon; UPES Dehradun
15MBA in Infrastructure ManagementSectoralSCMHRD Pune; UPES Dehradun
16MBA in Agri-Business ManagementSectoralIIM Ahmedabad; IIM Lucknow
17MBA in EntrepreneurshipSpecial InterestIIM Bangalore; EDII Ahmedabad
18MBA in Family Managed BusinessSpecial InterestSPJIMR Mumbai; ISB Hyderabad
19MBA in Sustainability ManagementSpecial InterestIIM Lucknow; NMIMS Mumbai
20MBA Dual Country ProgramSpecial InterestSPJIMR Mumbai; IMT Ghaziabad

Top 10 MBA Specializations

If you want to know which are the most popular top MBA Specializations in India, here they are:

  • MBA Finance
  • MBA Marketing
  • MBA Human Resource Management
  • MBA International Business
  • MBA Banking & Financial Services
  • MBA Business Analytics
  • MBA Rural Management
  • MBA Healthcare Management
  • MBA Agri Business Management
  • MBA in Entrepreneurship & Family Business Management

How do I choose an MBA specialty? essential factors

Which PGDM or MBA specialty is preferable? Should you enroll in a full-time specialized MBA programme or how should you choose an MBA specialization in the second year of the course? The criteria listed below will assist you in making the best choice.

Your interests and goals: If you have a strong desire to work in a certain field, consider your interest in the MBA concentration area and enroll in the program.

Potential Jobs and Careers: It is crucial to look into the program’s prior placement results in order to predict how the specialized MBA program will affect future job advancement.

Rankings & Reputation of MBA Universities Offering Specializations: The list of MBA Specializations is extensive, and you must pick the top colleges from it. Check the B-accreditation, school’s ranking, and reputation before deciding on your enrolment.

MBA in Finance

Students who want to succeed and develop their leadership abilities in the fields of financial management, corporate financial planning, corporate acquisitions and mergers, accounting, banking, and financial management, among others, often choose the MBA specialty in finance.

There is no specific educational need to choose an MBA Finance focus, therefore anyone who graduated with a degree in commerce, science, or humanities, or who has completed CA/CS/ICWA or has engineering experience is eligible. Additionally, there is no age restriction for entry to the MBA Finance program.

While this specialization is offered in the second year of all 2-year Full-Time Regular MBA programs, there are a few elite Institutes offering Specialized

While this concentration is offered in the second year of all 2-year Full-Time Regular MBA programs, only a few prestigious Institutes offer Specialized MBAs in this field.

You can choose your specialization at the end of the first year if you are pursuing a general MBA at an IIM or other prestigious business school, but if you are enrolling in a specialized MBA program, you must do so on the first day of the first year because you cannot switch to a different specialized MBA program. Therefore, before enrolling in the MBA program, you should consider whether you want to pursue MBA in the pre-decided specialized area without leaving room for change or whether you want to choose your specialization after one year of study.

Name of MBA CollegeProgram Name & Duration
IIM Kozhikode2 years full-time PGP-Finance
JBIMS Mumbai2 years full-time M.Sc. Finance
FORE School of Management, New Delhi2 years full-time PGDM-Financial Management

Marketing Management MBA

Since there will always be a need for MBAs with sales and marketing expertise, specialization in marketing management is typically valued and regarded as the finest MBA Specialization for future security.

Students who want to specialize in marketing management are more likely to want to gain knowledge in areas like consumer behavior, sales management, branding, product development, market research, advertising & communication, services marketing, rural marketing, and digital marketing, among others.

Mathematical ability, good communication skills, analytical and leadership skills, reasoning skills, and problem-solving skills are all prerequisites for those seeking an MBA in Sales & Marketing.

While this concentration is offered in the second year of all 2-year Full-Time Regular MBA programs, only a few prestigious Institutes offer Specialized MBAs in this field.

You can choose your specialization at the end of the first year if you are pursuing a general MBA at an IIM or other prestigious business school, but if you are enrolling in a specialized MBA program, you must do so on the first day of the first year because you cannot switch to a different specialized MBA program. Therefore, before enrolling in the MBA program, you should consider whether you want to pursue MBA in the pre-decided specialized area without leaving room for change or whether you want to choose your specialization after one year of study.

Name of MBA CollegeProgram Name & Duration
TAPMI Manipal2 years full time PGDM in Sales & Marketing
K J Somaiya Institute of Management Studies & Research, Mumbai3 years part time MBA in Marketing Managemen

Human Resource Management MBA (HRM)

The HRM MBA concentration is highly sought for by business. The problem of managing and maintaining the best human resources at work has increased the demand in the corporate and industrial sectors for candidates who hold an MBA in HR. MBAs in HR are in demand today for using their talents to hire, manage, and retain personnel in these dynamic and tough times due to a growing awareness of the essential concerns in managing human resources in commercial enterprises.

The MBA HRM specialty is the best option for you if you have a strong interest in the most delicate “Human” side of an organisation. The Human Resource Manager is mandated by the programme to ensure that the business organisation has the necessary number of skilled workers who are adequately knowledgeable about their jobs and organisational objectives. The program’s main goal is to create sensitive HR professionals with the necessary skills, knowledge, and abilities to handle both fundamental business difficulties and those relating to human resources.

While this concentration is offered in the second year of all 2-year Full-Time Regular MBA programmes, only a few prestigious Institutes offer Specialized MBA in this field.

You can choose your specialisation at the end of the first year if you are pursuing a general MBA at an IIM or other prestigious business school, but if you are enrolling in a specialised MBA programme, you must do so on the first day of the first year because you cannot switch to a different specialised MBA programme. Therefore, before enrolling in the MBA programme, you should consider whether you want to pursue MBA in the pre-decided specialised area without leaving room for change or whether you want to choose your specialisation after one year of study.

Name of MBA CollegeProgram Name & Duration 
XLRI Jamshedpur2 years full time PGDM (HRM)
Tata Institute of Social Sciences (TISS) Mumbai2 years full time M.A. (HRM & LR)
IIM Indore2 years full time PGP-HRM
MDI Gurgaon2 years full time PGP-HRM
IMI New Delhi2 years full time PGDM (HRM)

MBA in International Business

The foundation of economic growth is specialisation in international business, and individuals who complete an MBA IB programme are well-versed in how to earn valuable foreign currency for a nation with the best managerial capabilities. The course provides essential knowledge of the skills required for worldwide operations. It disseminates knowledge of many international rules of conduct, finance, and marketing on a global scale.

In actuality, the MBA IB is a degree for international corporations. You can pursue this programme if you have a strong interest in worldwide operations, international exports, and imports.

While this concentration is offered in the second year of all 2-year Full-Time Regular MBA programmes, only a few prestigious Institutes offer Specialized MBA in this field.

You can choose your specialisation at the end of the first year if you are pursuing a general MBA at an IIM or other prestigious business school, but if you are enrolling in a specialised MBA programme, you must do so on the first day of the first year because you cannot switch to a different specialised MBA programme. Therefore, before enrolling in the MBA programme, you should consider whether you want to pursue MBA in the pre-decided specialised area without leaving room for change or whether you want to choose your specialisation after one year of study.

Name of MBA CollegeProgram Name & Duration
IIFT Delhi/Kolkata2 years full time MBA (International Business)
MDI Gurgaon2 years full time PGP (International Management)
Symbiosis Institute of International Business (SIIB) Pune2 years full time MBA (International Business)
K J Somaiya Institute of Management Studies & Research, Mumbai2 years full time MBA (International Business

MBA in Financial and Banking Services

The increased demand for management experts in the Banking and Financial Services business makes the MBA concentration in Banking & Financial Services one of the most popular specialties. The program’s goal is to create quality management professionals who are technically skilled, competent in management, and have a broad perspective.

The curriculum prepares students to become managers in core banking and financial services who are instantly employable. The need for professionals who can demonstrate problem-solving abilities by understanding and defining problems, particularly those related to banking and financial services, then analysing and resolving them by using the proper theories, tools, and techniques, is growing not only in India but throughout the world.

You might select this concentration if banking and financial services are of interest to you. While this concentration is offered in the second year of all 2-year Full-Time Regular MBA programmes, only a few prestigious Institutes offer Specialized MBA in this field.

You can choose your specialisation at the end of the first year if you are pursuing a general MBA at an IIM or other prestigious business school, but if you are enrolling in a specialised MBA programme, you must do so on the first day of the first year because you cannot switch to a different specialised MBA programme. Therefore, you should consider whether you want to choose your concentration after one year of study or want to investigate other options before enrolling in the MBA programme.

Name of MBA CollegeProgram Name & Duration
IMI New Delhi2 years Full time PGDM-Banking & Financial Services
IMT Ghaziabad2 years full time PGDM-Banking & Financial Services (BFS)
K J Somaiya Institute of Management Studies & Research, Mumbai2 Years full time MBA in Financial Services
TAPMI Manipal2 years full time PGDM-Banking & Financial Services
Symbiosis School of Banking and Finance, Pune2 years full time MBA Banking & Finance

Business Analytics MBA

The need for professionals who can analyse and demystify huge data is increasing year after year, which is why an MBA focus in business analytics is becoming increasingly important. As a result of acknowledging the significance of the Business Analytics MBA programme, leading universities and private management institutes in India are now offering it as one of their specialised Management degrees. In India, there are over 100 B-schools that provide an MBA in Business Analytics as a full-time exclusive programme or as a specialised management programme.

While this concentration is offered in the second year of all 2-year Full-Time Regular MBA programmes, only a few prestigious Institutes offer Specialized MBA in this field.

You can choose your specialisation at the end of the first year if you are pursuing a general MBA at an IIM or other prestigious business school, but if you are enrolling in a specialised MBA programme, you must do so on the first day of the first year because you cannot switch to a different specialised MBA programme. Therefore, before enrolling in the MBA programme, you should consider whether you want to pursue MBA in the pre-decided specialised area without leaving room for change or whether you want to choose your specialisation after one year of study.

Name of MBA CollegeProgram Name & Duration
IIM Bangalore2 years full time MBA Business Analytics (MBA-BA)
IIM Calcutta2 years full time Post Graduate Diploma in Business Analytics (PGDBA)
ISB Hyderabad1 year Advanced Management Programme in Business Analytics (AMPBA) 
Great Lakes Institute of Management, Chennai1 year MBA Business Analytics

Rural management MBA

India’s marketing, financial, and human resource management all involve rural management to a greater or lesser extent. Over the next three to four years, India will need an increasing number of qualified people with an MBA in Rural Management specializations. Due to the enormous potential of India’s rural market, more and more international corporations are drawn to experienced employees with an MBA in rural management.

The MBA specialty in Rural Management integrates management theories and practices using modified procedures designed for rural areas with strong future market potential. Utilizing locally accessible raw materials, the Rural Management program teaches participants how to manage rural markets that are largely dominated by agriculture and related products.                                            

100% of graduates with an MBA in rural management find employment. For qualified MBAs in Rural Management, there are high-paying career options accessible outside of campus placements as well. More and more businesses are emerging with significant investments and a focus on rural markets, offering competitive placement packages to competent individuals.

While this concentration is offered in the second year of all 2-year Full-Time Regular MBA programmes, only a few prestigious Institutes offer Specialized MBA in this field.              

You can choose your specialisation at the end of the first year if you are pursuing a general MBA at an IIM or other prestigious business school, but if you are enrolling in a specialised MBA programme, you must do so on the first day of the first year because you cannot switch to a different specialised MBA programme. Therefore, before enrolling in the MBA programme, you should consider whether you want to pursue MBA in the pre-decided specialised area without leaving room for change or whether you want to choose your specialisation after one year of study.

Name of MBA CollegeProgram Name & Duration
IIM Ahmedabad2 years full time PGP (FABM)
IRMA Anand2 years full time PGDRM
XUB-Xavier School of Rural Management (XSRM) Bhubaneswar2 years MBA Rural Management (MBA-RM)
Xavier Institute of Social Service (XISS) Ranchi 2 years full time Post Graduate Diploma in Rural Management (PGDM-RM

Frequently Asked Questions

Ques. Which is the highest-paid MBA specialization?

Ans. MBA finance without a doubt, it is the most rigorous in terms of curriculum and has a lot of number crunching

Ques. What is the difference between an MBA and PGDM degree?

Ans. A Master of Business Administration (MBA) degree is a theory-based program that focuses on business and finance fundamentals. It is taught in universities and colleges that are affiliated with the University Grants Commission (UGC). Courses are rigid and have a common curriculum because universities are unified and affiliated to a common primary university. The fee structure is less expensive because of multiple university grants and scholarships. The focus is more on technical and analytical knowledge.

A Post Graduate Diploma in Management (PGDM) is a diploma or certification course instead of a full time course. It is an application-based program that focuses on real-world practical skills of management. It is taught in colleges that are recognized by the All India Council for Technical Education (AICTE). The course is flexible and involves case studies, on-site training, and simulations. The curriculum is not centralized and differs from individual colleges. The fee structure is more expensive than an MBA since financial aid is not provided. Focus is more on soft skills, practical knowledge, and employability

Ques. How do you select a course specialization after enrolling in an MBA program?

Ans. There are four main domains for specialization in an MBA program:

  • Marketing
  • Human Resources
  • Operations
  • Finance

The course offers a detailed curriculum related to the above domains that will help to enhance a candidate’s knowledge and expertise. The integral point to consider before selecting an MBA course is your area of interest and how it is related to an individual’s long-term career goal

Ques. Are there any MBA courses available with dual specialization?

Ans. Certain universities and colleges offer dual specialization programs that allow a combination of two or more of the core subjects (Marketing, Human Resources, Operations, and Finance) in addition to other electives. It is important to check and verify this in the course syllabus before applying for the degree program.

Ques. What is the scope of an MBA?

Ans. MBA has an extensive and wide scope. In the modern world, various industries and sectors require qualified MBA graduates for better business, consistent management, increased profit, and global success of the business.

There is a high demand for MBA graduates in India and around the world. Candidates with very good leadership, management, and communication skills have advanced and fast-growing careers in the field of management

Ques. What if I discontinue the program before the course completion?

Ans. It is basic to finish the course altogether. In Indian universities, candidates need to reapply to the course on the off chance that they stop rashly and wish to proceed with the course once again. In such an example, the whole application charge and course sum is needed to be resubmitted. Some foreign universities reimburse a partial amount of the total fees deposited, in very rare situations, where there is a critical and indispensable reason for discontinuation.

Ques. Is CAT, GMAT, MAT, or other qualifying examinations mandatory to pursue MBA?

Ans. Qualifying these examinations are a prerequisite in order to get admission into a reputed and prestigious institution; however, certain private institutes offer admission into MBA programs without qualifying a particular entrance examination or also with the payment of an additional fee (university donation)

Ques. Is there a maximum age limit to apply for an MBA degree?

Ans. No, there is no specified age limit to apply for and pursue an MBA degree. However, it is recommended to begin an MBA immediately after graduation since individuals are proactive and have a receptive mind

Ques. Are MBA courses only for entrepreneurs and people interested in beginning a startup?

Ans. No, MBA courses are for anybody keen on learning the center business structure and working of a company. In the event that an individual is energetic about learning new things and discovering answers for business issues, they can seek an MBA. Subsequent to finishing the course, competitors can take up different jobs dependent on specialization to learn and fill in the company progressive system. A few up-and-comers add to the back-end development of business by seeking a PhD in administration and turning into a topic master or Consultant

Ques. Is prior work experience mandatory before applying for all MBA specializations?

Ans. No, prior work experience isn’t mandatory for applying to an MBA course. However, some level of introduction to a workplace is advantageous. Bits of knowledge from prior work experience will add down to earth presentation in true business circumstances. The course will convey greater quality contrasted with the amount. Prior experience will likewise add to functional utilization of hypothetical information in the study hall course. On the off chance that a competitor doesn’t have a solid scholarly foundation, work experience will demonstrate that the applicant is fit for dealing with the total course educational program

Ques. Are there any MBA courses available with dual specialization?

Ans. Certain universities and colleges offer dual specialization programs that allow a combination of two or more of the core subjects (Marketing, Human Resources, Operations, and Finance) in addition to other electives. It is important to check and verify this in the course syllabus before applying for the degree program

Ques. Is prior work experience mandatory before applying for all MBA specializations?

Ans. No, prior work experience isn’t mandatory for applying to an MBA course. However, some level of introduction to a workplace is advantageous. Bits of knowledge from prior work experience will add down to earth presentation in true business circumstances. The course will convey greater quality contrasted with the amount. Prior experience will likewise add to functional utilization of hypothetical information in the study hall course. On the off chance that a competitor doesn’t have a solid scholarly foundation, work experience will demonstrate that the applicant is fit for dealing with the total course educational program

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