The labor market is more competitive than ever. If you’re interested in a career in business, you’re certainly not alone. According to the Bureau of Labor Statistics, employment in the business sector is expected to increase by 5% between 2019 and 2029. At the same time, more and more students are completing their bachelor’s degree in business administration. The best way to stand out from the crowd of business graduates is to study for an MBA.
An MBA or Masters in Business Administration prepares you for a career in management. You will develop invaluable skills such as strategic thinking and people management. But as valuable as an MBA is, you can further enhance your professional career by earning an MBA specializing in a specific business area. Here are seven MBA specializations to consider.
MBA Program Overview
Nothing replaces a management-oriented degree like post-12 MBA programs. This postgraduate business degree equips prospective candidates with leadership, decision-making and strategy skills. It is designed to prepare graduates to gain a better understanding of general business functions. It usually focuses on specific aspects of business or areas such as entrepreneurship, finance, risk management, healthcare management, entertainment management, marketing, relationship management, etc.
Gradually, MBA programs are expanding their scope to include training in international business, corporate responsibilities and social responsibility in their communities. Therefore, the MBA today is basically an introductory course to start a career or, as you say, enrich young entrepreneurs. Another reason is the ease of accreditation of MBA courses.
Students actively search for MBA course listings and details in India to get more information about the program and program outcomes.
MBA in Marketing
The MBA specialization in Marketing focuses on the management aspect of a product’s life cycle. From the design of goods or services to transport to the customer. It includes the 7 ps of the marketing process – price, people, process, physical environment, place, promotion and product as one of the concepts.
Define your interests
First, do some self-exploration and define your curiosity about your core value. “Why do I want to do this?” and “What do I hope to get out of my job?” they are questions that can help you identify your main interests and choose an MBA specialization.
They should anticipate and define your career path and help you make an informed decision today.
What are the admission criteria for MBA courses in India?
- The basic entry requirement for any type of MBA is a three-year degree in any discipline with at least 50% total credit. Top institutes like IIM and IIT require 60% in total. For reserved category students like OBC, SC and ST, a relaxation of 5% in the required percentage is allowed.
- To complete an Executive MBA, the university or institute requires 3 to 5 years of professional experience as an entry criterion in addition to a university degree.
- Final year students are also eligible for MBA accreditation.
- Based on the MBA programs designed by B-Schools or according to the requirements of the university or institute, the candidate must pass one of the MBA entrance exams from the following list
- CAT, MAT, CMAT, AMAT are tests conducted at the national level.
- MAH-CET, OJEE, KMAT, TANCET or APICET are state administered tests.
- IIFT, XAT, NMAT, SNAP, IBSAT are series of tests used by big B-schools for their MBA programs.