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Choosing an MBA Specialization can be as difficult and confusing as the decision to choose a career for yourself or deciding from where you want to pursue your MBA degree.
Here are the top 5 MBA Specializations that strike a chord with Indians:
Finance Management is for people who are in love with numbers and balance sheet, have high-end analytical skills and are more comfortable working at the back-end of the company. Finance specialization in MBA can prepare you for exciting careers in investment banking, merchant banking, financial consultancies, financial institutions, and international finance.
The single most popular specializations amongst MBA graduates in India, Marketing is a hard-core front-end job and is meant for leaders. MBA Marketing is very dynamic and competitive. You need excellent communication skills, resource mobilization skills and an undying zeal to excel to make it to the top-level positions in the field of sales and marketing.
MBA Operations open up career opportunities for you in the fields of material and supply chain management, quality control, logistics, inventory control, and production planning and improvement. However, people who are looking forward to join IT industries should choose MBA IT instead. MBA Operations does include some of the aspects of Software Project Management but only with a limited scope.
Information Technology (IT) or Management Information Systems (MIS) has recently emerged as one of the most important MBA specializations. For those who have IT background (as a software engineer or IT graduate), MBA IT can open up positions like System Analyst, Technical Systems Manager, Technical Consultant, and Business Development Manager - all the way upto the position of the Chief Information Officer (CIO) or Chief Technology Officer (CTO). IT, ecommerce, and related industries often offer good placements to MBA IT graduates.
Human Resources or HR is one of the trickiest jobs in the corporate world. From Recruitment and Selection of personnel to deciding Compensation to Employee Training and Development to Job Analysis and Performance Appraisals, an HR manager is the ringmaster in the business jungle. Besides, those who choose MBA in HR can also develop themselves as Industrial Relations Manager or developing cross-cultural working environment in multinational and global companies, which are highly specialized jobs.
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