A master in business administration is a professional postgraduate degree that leads to excellent employment opportunities with a variety of high-paying jobs available for MBA graduates in various sectors, both domestic and international. It is recognized internationally, and an MBA from a prestigious university allows better opportunities.
A master in business administration is a 2-year degree program offered by many universities that are based on excelling in a specific area of expertise that you want to pursue as your future career. It includes job training that allows students to gain experience in the business world.
There are many areas of business that you can specialize in under the MBA program, which includes finance, marketing, human resource management, entrepreneurship, supply chain management, business analytics, and project management. MBA specialisation courses depend on the university, so research carefully to decide what is best for you.
You can pursue a general MBA course or a specialization in the course of your choice. Deciding on a course can be crucial for your career; you need to make the right choice if you want to excel in your career. To help you make this decision, these are the various streams for MBA that you can choose.
MBA Finance
Finance is a very popular field to specialize in. It is a two-year program that trains and prepares you to take on any job. Many students that have a good understanding of numbers and analytical skills pursue this degree.
It teaches you about topics like budgets, analytics, economic trends, risks, investment portfolio, business intelligence, and much more. There is an increasing demand for financial specialists in the market to understand business requirements, assess the company’s data, and plan business operations accordingly.
MBA Marketing
Today marketing is not just confined to boosting sales. It is a vast subject on its own that requires many skills to make the business successful. Many businesses look for marketing firms or hire people in order to have successful business campaigns.
The MBA marketing is a two-year degree that gives you many opportunities as a business development executive, marketing manager, sales manager, product manager, and much more.
Students that have an interest in creating social media campaigns, promotions, media, and communications and a creative approach to boosting sales then you should definitely go for an MBA in marketing. The program revolves around real-world scenarios that boost your communication and leadership skills.
MBA in international business
If you want to work in an international firm, this MBA specialization course is just for you. It is a two years program, and the areas of study include finance, accounting, marketing, and entrepreneurship.
You can take up the role of a project manager, global supply chain management, import and export departments, or work in the global tourism sector. In this degree, you’ll learn about all the topics concerning a business from a global perspective and build management skills to prepare you for any leadership positions, and give you knowledge about foreign markets and global economics.
MBA in HR
An MBA in human resources is a degree that is in high demand due to its usefulness in any sector of the business. It is a two-year degree program that teaches about human relations and builds leadership skills to negotiate and communicate with the workforce in a way that is beneficial for the business.
The course includes teachings about management, managerial economics, accounting, finance for managers, marketing management, and more. An HR expert has to recruit the finest people for the position, manage and direct them and also ensure that the organization has the best and most efficient workforce. It is a good career option if you are good at communication skills. HR experts have a high demand in both private and government sectors, making it a very popular degree.
MBA in hospital management
The strategies involved in growing a healthcare industry focus on MBA healthcare management. An MBA in hospital management opens many opportunities to find senior positions in the healthcare industry.
It revolves around managing and growing the healthcare business. It gives you advanced knowledge of the sector and also instills team-building skills, analytical skills, and the ability to work under pressure. You can even enter the IT section of the healthcare sector.
MBA in supply chain management
An MBA in supply chain management is a two-year degree program that is suitable for those of you that are interested in logistics and back-end operations. It deals with manufacturing, retail, healthcare, and consumer products.
The firms look for logistics management, transportation companies, distribution centers, and warehouse management. The companies deal with processes that transform raw materials into products. The degree includes learning about quantitative techniques and methods, legal environment, business skills and policy, and management of an international business.
MBA entrepreneurship
An entrepreneur is someone that takes a financial risk and starts his own business. Many people dream of becoming an entrepreneur to start their own businesses, so for those who want to have a self-made career in business and start their own firm, this stream is for you.
Some of the major topics in MBA entrepreneurship include corporate strategy, financial statement analysis, and project management.
Not only are you able to set up your own business, but you can also enter many firms at various management posts, information security, accounting and auditing, and human resource. Thus, it is a vast subject that can get you the skills set that you’ll need to start your own business as well as enter any firm of your choosing.
A master of business administration works in all areas and covers all business activities. You can decide on which stream to choose based on your current skill set and which area of the business you are most excited to work in.
Consult a career advisor that can guide you on this because you don’t want to choose something that you might not want to pursue in the future. Overall, the master of business administration opens many opportunities for you to choose in which direction you want your career to take off.
