A closer look on mba specializations

A closer look on MBA Specializations Choosing a career path in an MBA Specialization can be as complex and confusing as the decision to choose a stream for yourself or selecting the best MBA College in Pune to pursue your MBA degree if you belong to Pune city or nearby area. When we talk about MBA specialisation, there are top 5 MBA specializations in India that come with highly specialised courses and programmes, such as MBA in Tourism & Hospitality or Sports Management .

Indians are careful of their trustworthiness and reputation in the job market.

Here are the top 5 MBA specializations that hit a chord with Indians: Finance

MBA in Finance does not lead only to investment banks and securities firms. It offers numerous possibilities in the corporate world too. Finance Managers can also become Accounting Managers who prepare and provide finance reports for the company or Financial Analysts who concentrate on developing financial strategies and go about money management for the company.

Financial Analysis forms the basis of strategic planning, managing alliances, and making everyday decisions in a management. From organisations to increase the international financing, this specialisation offers you a high functional knowledge which quickens the success of an individual as well as the success of the industries where they work.

Those who do MBA in Finance can go on to become:       

Cash Managers Risk and Insurance Managers Credit Managers Management Consultants Investment Banking Associates and later investment Bankers Treasurers and Finance Officers

Marketing In India, one of the most popular specialisation in MBA is marketing. It is a hardcore front-end work and is determined for leaders. MBA marketing is very dynamic and competitive field. You need to have excellent resource mobilisation skills, communication skills and an everlasting zeal to excel to make it to the toplevel positions in the field of marketing and sales.

If you have a friendly and casual personality then that will be the key factor to influence people with your speeches and actions, and live in the moment, marketing management might be your cup of tea.

MBA in Marketing can give you big salary packages as Market Research Analyst, Project Manager, Brand Manager, Marketing Manager, Sales Manager, Area /Regional Manager and even to the position of Chief Marketing Officer (CMO).

A great part of these higher level positions in top multinational companies is governed by people from the marketing background.

For best results, join the best B schools in Pune that offer you an exposure to global markets and foreign marketing techniques.

An MBA graduate can avail a very good salary depending upon the experience he is working in a specific field. A fresher MBA graduate can get a salary up to 2.5 to 3 Lakh per year. An MBA graduate having an experience of more than 3 years can easily avail a salary up to 4.5 Lakh. The graduate from MBA having experience of more than 8 years can avail a salary up to 7 Lakh per year. An MBA graduate with more than 15 years of experience can get a huge salary up to 15 Lakh per year. The maximum salary that a MBA graduate can avail is after gaining an experience of more than 20 years, the salary he can get can be up to 25 Lakh per year.

Operations MBA in Operations provides you to deal with Production Management or Shop Floor Management. In this field, you learn how to come up with and maintain process flows, develop vendor and inter-departmental relationships, do ancillary management etc. to guarantee stable and effective business operations. With Business Operations as your MBA specialisation, you may start your career as a Technical Supervisor or Product Manager and reach the position of General Manager of a company or Chief Technology Officer (CTO) especially in engineering, manufacturing and IT sectors.

Most applicants with engineering backgrounds go for MBA Operations, as it provides them with an advantage over their peers in product designing and development, intranet development and process optimisation. Businesses, too, give preference to MBA Operations students with technical or engineering backgrounds during campus placements.

Operations Manager usually reaches positions like Chief Operating Officer (COO), Plant Manager and directly associated with process analysis and forecasting and standardisation. Those who wish to work as consultants can be seen involved with resource management, outsourcing, pricing and manufacturing optimisation, customer service as well as marketing optimisation.

Information Technology (IT)

Management Information Systems (MIS) or Information Technology (IT) has newly emerged as one of the most valuable MBA specialisations. For those who have IT background (as an IT graduate or software engineer), MBA IT can initiate positions like Technical Systems Manager, System Analyst, Business Development Manager and Technical Consultant- all the way up to the position of the Chief Technology Officer (CTO) or Chief Information Officer (CIO). IT, ecommerce, and related industries often offer good placements to MBA IT graduates.

Those who do MBA in IT can go on to become:      

Business Analyst Pre-Sales or Business Development Manager Sales or ERP Consultant Project Manager QA Manager Functional or Process Consultant

Human Resources (HR) Human Resources or HR is one of the intelligent jobs in the corporate world. From Recruitment and Selection of personnel to deciding salary packages to Employee Training and Development programs to Job Analysis and Performance Appraisals, an HR manager is a ringmaster in the today's business jungle. Moreover, those who prefer MBA in HR can also groom themselves as Company Relationship Manager or be acquiring a cross-cultural working environment in multinational as well as nationalise companies, which are highly specialised job opportunities.

Human Resources Management is involved with the internal marketing of a corporate company. The credit for how your employees work for you and how well they know HR policies of the firm depends on HR. Salary packages are getting higher and higher, and educational systems remembered for their Human Resources programmes are getting enough support from the corporate world.

Conclusion While winding up this topic, Your MBA specialisation is primarily dependent on your skills, personality and career goals. The traditional fields of Finance and Marketing will always remain popular. Those who prefer to crunch numbers and are comfortable relegating to the background with balance sheets may do well with Finance specialisation. Those who love to interact with clients are creative and innovative, and can influence people easily can choose Marketing as their specialisation.

S.B.Patil Institute of Management is making its name in the recent years as one of the best mba colleges in Pune. S.B.Patil Institute of Management provides excellent placement facilities for the students which has led this institute to be best mba college in Pune to pursue an MBA degree.