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Your MBA specialization basically depends on your personality, skills, and career goals. The traditional fields of Marketing and Finance 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.
Business Operations is the best MBA specialisation for those who have technical or engineering backgrounds and love looking after men and machines, and backend processes where the real action takes place. Human Resources or HR is a stream for people's person and is a job for those who have a charismatic personality that can mobilize employees and inspires trust and loyalty for the company. Information Technology or IT specialisation is for management graduate who are geeks at heart who love computers, gadgets, and latest technology

Generally, most colleges and universities have their own admission criteria, and the requirement of entrance exams like CAT, MAT, or XAT may vary depending on the institution and the program you are interested in. Some colleges and universities may require one or more of these exams as a mandatory requirement, while others may not.
To determine if you are eligible for admission to a particular college or university, you should check their admission requirements and policies, which are usually available on their official website or by contacting their admission office. Additionally, you can also check if the institution has any alternative admission pathways that do not require these exams.

Naman, if you want to shift to skill sector from service sector and are creative, then you can look at design. Design is a field that is age old and has been evolving every year like science. Sometimes student Artists are too much enamoured by Fine Arts preventing them to look objectively at Design. They must read this http://bit.ly/SXc9GD. Again like science it pays to be at the cutting edge. For e.g. science students do better if they go for CS or IT since that are areas where development is taking place rapidly. Similarly in Design the cutting edge areas are UID/ UXD, 3D Printing, Immersive Technology, Augmented Reality, 3D Projection etc, besides of course Game Design & Animation. Of course at the top of the pile lies Concept Designing (usually reserved for writers and visionaries) - these people are required by Event Companies, Animation Studios, VFX Studios, & of course Game Studios. At this stage, you may want to understand the creative world and the careers it offers. There are many careers for the creative/ artistic people. Interiors, textile as well as Web Design rely on the same skills - your layout skills and color sense. Journalism also is at this level and relies on your language skills & knowledge of history and current affairs. A little higher perches Graphic Design, Fashion Design, jewellery design, Acting, & Fine Arts which rely on one of your artistic skills - sketching & imagination. At a similar level perches VFX as well as Motion Graphics which rely on one of your artistic skills - Cinematographic skills & imagination. Then come careers like Animation, Film Making, Game Design which rely on multiple talents like your authority over sketching, acting, direction, voice, sound, writing, storytelling and problem solving skills etc. Any extra skill can be used in this. So it turns out to be one of the most challenging as well as satisfying careers. Sure not recommended for the weak hearted. Do remember that digital design careers (e.g. web design, graphics, UI design, animation, vfx, multimedia) give better profits since they can be delivered anywhere in the world & hence may earn in dollars - resulting in better rewards for designers. You may also like to read this about the kind of preparation the best students put into design http://bit.ly/1ddUSi8. Wish you the best for your career. Remember, your Career is a resultant of your knowledge combined with your passion & expression ability. If you like this answer you may select it as best!