Best MBA Specialization to choose for a better career

28th January 2020

There has been a growing demand for an MBA for the past few years. This is because management courses give candidates the ability to communicate with clients, manage an issue with ease, help boost up the company’s profits by maintaining a stable relationship with clients. MBA courses also boost up your leadership skills, management skills, interpretation of data, build networks either domestic or international, etc. Also, MBA salaries are the highest when compared to other job profiles on the business market. On the other hand, an MBA also helps in starting up your own company. Most start-ups and MNCs have these roles and accept MBA graduates along with a high salary depending on the role you have been appointed to. Let us see a few MBA courses which give better career options.

1) MBA in Finance

Finance in any company is the most important. It maintains the profits and losses and is of the crucial role and prevents a company from going bankrupt. MBA Finance Graduates are the most sort after due to their skills to maintain and bring financial assistance to the company as well as the clients. The top colleges providing MBA in Finance are

  • Harvard School of Business
  • IE Business School
  • Stanford School of Business
  • Kellogg School and so on.

MBA Finance deals with taxation, accounting, statistics, data analysis and data mining, financial risks, etc. The career options for graduates of MBA Finance are:

  • Financial Managers
  • Credit Risk Management Analysis
  • Personal Financial Advisor
  • Financial Research Analyst
  • Investment Banker and so on.

A graduate in this field can work in both corporate and public sectors especially banking and brokering agencies (also stock market). The average salary for MBA Finance graduates ranges from $60,000 to $100,000 per annum.

2) MBA in Marketing

This course deals with how to efficiently market a product either regarding a targeted audience or for a client. Marketing deals with how to endorse and market a product as per the requirement of both the client and the public. This could also include digital marketing and social media marketing. This course has subjects such as Operations Management, Marketing Analytics, Marketing Planning and Implementation, Business Analytics, Marketing Strategy and so on.

The top universities providing MBA Marketing course are:

  • UCLA Anderson School of Management
  • ESADE Ramon Llull University
  • Stanford School of Business
  • SDA Bocconi
  • Michigan Ross School of Business

The career opportunities for MBA Marketing graduates are:

  • Brand Manager
  • Market Research Analyst
  • Sales Manager
  • Product Manager
  • Marketing Manager

The average salary earned by an MBA Marketing graduate is $80,000 to $130,000 per annum.

3) MBA in Human Resource Management

The Human Resources Department oversees the welfare of the company’s employees including incentives, income, rewards, training and development, personnel issues, hiring new employees, etc. The top universities providing this course are:

  • Ross School of Business
  • Wisconsin School of Business
  • Kellogg University
  • Purdue University
  • IE Business School

The syllabus for this course includes Accounting and Finance, Labour Laws, Cross Culture and International Human Resource Management, Human Resource Planning and Development and so on. This course requires good communication skills to maintain stable relations with the costumer. The average salary of an MBA HR graduate ranges from $80,000 to $150,000 per annum.

4) MBA Supply Chain and Operations Management

MBA in Supply Chain Management deals with customer services, warehouse management, inventory for shipping and supplying, etc. The syllabus in this course includes Business Environment, Financial and Management Accounting, Financial Management, Production Management, etc. The top universities providing this course are

  • Sydney Business School
  • University of Greenwich
  • Massachusetts Institute of Technology
  • Purdue University
  • Rotterdam School of Management

The career options for graduates for MBA Supply Chain and Operations Management are

  • Operations Manager
  • Logistics Analyst
  • Supply Chain Manager
  • Storage and Distribution Manager
  • Purchasing Agent and so on.

The average salary of a graduate in Supply Chain and Operations Management ranges from $90,000 to $115,000.

The basic eligibility requirements for each of these courses above are Marketing, Data Analysis, Data Mining, Statistics, Accounting, Business Strategies, etc. Practical knowledge such as application of the subject knowledge, creativity and analytical thinking, good communication skills, leadership, teamwork, etc. There are also options to opt for a part-time (work and study) MBA or a full-time MBA. Few universities include leadership and communication as a separate topic in the syllabus to ensure graduates have a command on their fluency and can successfully lead a team. These career opportunities provide a lot of exposure to students regarding today’s problems in any field. This would help them gain experience and move further.

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