The Master ofBusiness Administration (MBA) is an internationally-recognized degree designed to develop
the skills required for careers in business and management. An MBA prepares people for
management jobs and other positions of leadership in the modern business world,
particularly in the realm of finance, accounting, marketing, government, human
resources, general management and health care. This business program is
sought by those who are looking to hone their skills for business career and
build hard-skills in the area of management and leadership. An MBA can add specific business skills to your
toolkit, such as leadership or strategic thinking, that will be good firepower
when applying for management-level positions or promotions careers.
An MBA program
covers wide range of business topics like
finance, marketing, accounting , human resource management, Operations
and Information Technology. Business and economic forecasting, public
administration, management information systems, marketing, hospitality
management and international business are some examples of possible MBA
concentrations. One of the most common reasons
for doing an MBA is that , it can lead to the next step in ones career. The
bottom line is that a good MBA program can provide a measurable increase in
salary and is one of the main metrics for judging a school’s quality in
relation to others post MBA. Not only this Students who want to shift from one industry to
another will find MBA program can help
them with specific information that may be necessary for the new
industry.
Whether you are looking at MBA courses
in India or abroad, the choices can make the process overwhelming. List of most
popular MBA specialization is as following
1.
Marketing
Marketing
professionals are the backbone of a successful business organization that wants
to be successful in their industry. Marketing is the art of promoting products
or services in a way that appeals to consumers. Better marketing is the panacea
that companies have prescribed for themselves to ward off the ills of
recession. Therefore, MBAs from the Marketing stream are even more sought after
than they were in good times earlier. Business majors who specialize in
marketing usually take courses that focus on advertising, merchandising,
promotion, statistical analysis, and mathematics. They learn how to
successfully develop a marketing plan best promote new and existing products
and services to consumers. Marketing majors also study market research, which is
the research and analysis of the target market (who you are selling to),
competition (who is selling a similar product or service), and the
effectiveness of particular marketing strategies.
Industries and Job titles
Some
of the most common job titles in the marketing field include marketing
assistant, marketing manager, sales manager, marketing research analyst, media planner, Internet marketing
manager, product manager and brand manager. The buffet of jobs are in
industries such as retail, banking, hospitality, media, information technology,
information technology enabled services, FMCG etc.
2. Finance
An MBA in Finance is a
coveted degree as a range of career options are available before business
graduates. 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. The finance degree program provides an opportunity to the
student to specialize in various fields such as international finance,
investment management, taxation, tax planning, financial statement reporting
and analysis, and insurance management. Finance professionals study and
forecast economic trends, balance risk and profitability, analyze company
reports and suggest improvements, take steps to maximize stock value, manage
funds by choosing investment portfolios, and apply the principles of financial
risk management.
Industries and job titles:
Finance
specialization in MBA can prepare you for exciting careers in investment
banking, merchant banking, financial institutions, international finance, asset finance, hedge fund management, insurance, wealth
management. Those who do MBA in finance can go to become finance manager,
credit analyst, accounting manager, risk and insurance manager, cash manager,
treasurers and finance officers, controllers, CFO and finance director.
3. Human Resources Management
In business, human resources refer to human
capital or the employees who work for the business. A human resources degree
focus on human resources management. A company's human resources department oversees
almost everything related to employees from recruitment, hiring and training to
employee motivation, retention, and benefits. MBA with HR specialization can
help you launch a career in human resource development, industrial relations and
personnel management. This department makes sure that the company complies with
employment laws, acquires the right talent, develops employees appropriately and
executes strategic benefit administration to keep the company competitive. They
also help to assess employee performance to ensure that everyone is doing their
job and living up to their full potential
Industries and job titles
A specialization in HR helps you understand how to acquire, manage and
retain workforce within an organisation in a systematic and organised manner. Understanding
employee aspirations, shaping them based on their unique backgrounds and
helping them manage their aspirations to best accomplish their career
objectives, are some of the emerging practices in HR. An HR manager acts as an
enabler to achieve a high-performance work culture and as managers have career
prospects in the field recruitment, compensation
structuring, training and a host of other human resource management roles with
job titles Compensation manager, employee relationship manager, human resource manager, Technical recruiter,
HR Assistant, labor relations manager and director of HR Training &
Development.
4.
Operations
Operations management originated in the manufacturing
industry with Henry Ford’s assembly line for automobile manufacturing. Today,
it is a valued specialization across all industries, including telecom, IT, and
e-commerce. MBA in Operations equips you to deal
with Production Management or Shop Floor Management. Operations Management
requires an eye for minutest details, excellent negotiation skills, knowledge
about manufacturing, sales and distribution channels of company, develop vendor
and inter-departmental relationships and ensure smooth and efficient business
operations. Operations management is becoming more and more popular
among b-school aspirants, and the number of MBAs in this specialization is
going up.
Industries
and job titles
Job titles in this field is supply chain manager,
logistics manager, inventory control manager, project managers and operations
manager and also as consultant contracts
with some experience . As the name suggests, operations managers ensure the
smooth processes and smooth implementation of projects. MBAs in Operations are
usually hired for looking after responsibilities related to supply chain,
logistics, vendor, and inventory management, sales operations, and production
management. They are also given charge of delivery, fulfillment and returns. One can start off as Product
Manager or Technical Supervisor and reach the position of Chief Technology Officer (CTO) or General Manager of a company, especially in
manufacturing, engineering and IT sectors.
5.
Information
Technology
An MBA program in Technology usually
covers topics such as accounting, global economics, and financial management, emerging
technologies and sustainability and even biotechnology and clinical technology.
The various areas that may be covered in this specialization include systems
analysis, network security, data analytics, supply chain management, e-business
along with managerial decision-making as well as project management.
Industries and
job titles
An MBA in Technology can pursue a
gainful career in many industries. With experience, MBAs in Technology go on to
become information systems managers, systems analysts, and chief technology
officers. MBAs in IT obtain jobs titles such as project manager, business
development executive/manager, product manager, marketing manager, analytics
manager, system manager, data processing manager, business analyst, and IT
manager/consultant. Non-IT Job titles include technical program manager, senior
Among gamut of courses offered by Mangalmay Group of Institutions, MBA course is particularly
beneficial for the students seeking lucrative job opportunity in future. The
world class MBA programs offered by Mangalmay
accredited college mainly concentrates on the following aspects:
- Different perspectives of management
- Importance of proper managerial skills in information technology or other innovative fields that are changing inexorably
- Important techniques to successfully manage a project
- Different aspects of human resource management
- Operations management along with modern marketing techniques
- Nuances of managerial accounting
Mangalmay MBA program
will provide you the gateway to a prosperous future. Kindly visit our website http://www.mangalmay.org/ for
more information on our Post Graduate program.
