NEW DELHI: Masters of Business Administration (MBA) has evolved over the last few years. Today, it is considered not a mere business education but rather it focuses on various specializations of businesses and management operations providing a broader scope of study. There can be numerous factors that might shape up your decision to select a particular MBA specialization. But before you select an MBA program of your interest, consider finding out more about the programs that are in trend and have more job opportunities available in the market. Also, don’t forget to check the standard annual package that you might get.
Students take up MBA to become future leaders, managers and entrepreneurs capable of developing and leading sustainable business enterprises, thereby maximizing wealth for the society at large. In case you aspire to take admissions into the various MBA programs to learn about the rapidly changing economic environment, check the information below that might help you in making a right choice.
Admissions into MBA Programs :
To make career as a skilled business professional you need to take admission into MBA program. There are many B- Schools and Institutes that offers admissions into different Business Programs. For Admission into MBA, the candidate needs to have a minimum of 50% in any stream, from an authorized education board. Many top B-Schools and Institutes even consider the scores of MBA Entrance Examinations such as CAT, XAT, MAT, GRE etc.
Various Institutes , Universities and Colleges offers specializations into different MBA Programs such as Entrepreneurship, Finance, Marketing ,Consulting, Operations, Business Analytics, Technology and more.
List of some popular MBA Programs:
MBA IN FINANCE
Taking admissions into MBA in Finance will help you get a hang of the various financial theories, how the financial world functions and also how these can be applied to solve the various business problems.
Placements & Career Options: After completing MBA in Finance the candidates can opt for the various career options such as financial manager/analyst, credit analyst, accounting manager, risk and insurance manager, treasurer, finance manager, cash manager, chief financial officer, finance director etc.
Salary: The irresistible package offered in the finance-related jobs after completing MBA is responsible for the high influx of MBA candidates into the finance stream. After completing MBA in Finance the candidates can expect can expect an average annual salary of 4-5 lakhs, which will go up to 15 lakhs in the following years.
MBA IN MARKETING
Students opting for specialization in MBA in Marketing will get to know about the key areas required for every organisation which includes the market research and analysis, competitive analysis, consumer behavior, customer analysis, brand management, business ethics, product management, advertising, digital marketing and e-commerce.
Placements & Career Options: On completing MBA in Marketing the candidates can become Sales manager, product manager, market research analyst, online marketing planner etc.
Salary: After completing MBA in Marketing, the candidates can get a starting annual salary of 1.5 lakhs.
MBA IN OPERATIONS
Pursuing MBA in Operations, the candidates learn about managing the entire process which includes product design, manufacture, supply chain management, quality control, coordination between various teams including various decisions like outsourcing.
Placements & Career Options: On the completion of MBA in Operations, you can get recruited as a Logistics Manager, Supply chain Manager, Inventory Control manager etc.
Salary: MBA in Operations can help you fetch a salary of 3-15 lakhs annually.
MBA IN ENTREPRENEURSHIP
MBA specialization in Entrepreneurship will help you learn the basic of the craft which make a business tick. You will be exposed to a curriculum combining theory with real-world projects to handle different situations and take the right decisions.
Career Options: MBA in Entrepreneurship will give you the job opportunities to become a project manager, intrapreneur and a growth hacker.
Salary: After completing MBA in Entrepreneurship you can get an average salary of 3-5 lakhs annually.