MBA Courses: Specialization, Fees, Admission, List, Subject

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Update on
February 24, 2020

An MBA specialization course opted by you will signify your interest and preference for the domain and function which you are interested to study during your MBA program. However, it is not easy to opt for the best MBA specialization with so many options available in the market. There are more than 3000 MBA colleges that offer more than 8500 MBA courses in India with a range of MBA specializations. It becomes very confusing how to choose and finalize the best MBA specialization out of so many courses.

 

The most preferred top MBA Specializations in India relate to the high career growth oriented management education that not only offers great leaning experience but also the courses are designed as per industry requirement, whatever could be the type or duration of  MBA program. An MBA specialization grooms you to gain expertise in the specialized area of MBA course while gaining overall good knowledge in other areas. 

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In current scenario and going by the career growth projections, the top 10 most preferred MBA specializations are:

  1. Finance
  2. Marketing 
  3. Human Resource Management
  4. International Business
  5. Rural Management
  6. Business Analytics
  7. Supply Chain
  8. Agri Business Management
  9. Family Business and Health Care Management 

10 MBA Specialization in India

High Placement Depends upon Your MBA Specialization
If you go through the placement reports of IIMs, XLRI, SPJIMR, MDI, FMS Delhi, IIFT, you will find that placement packages for some of the MBA specializations are much higher than other MBA Specializations. This is because that the above MBA specializations are more in demand by the industry when they visit for campus placements. MBA graduates with Finance, Marketing, HR, IB, BA specializations get higher compensation packages also. Accordingly, a skilled MBA with specialization is more needed by Corporate sector than a General MBA who may not have that strong decision making expertise in the specialized area. 

Let’s discuss and understand each top MBA specialization course and its career progression:

1. MBA FINANCIAL MANAGEMENT

MBA Finance is one of the most preferred MBA specializations opted by the students to get excellence and groom leadership skills in the areas of Financial Management, Corporate Financial Planning, Corporate Acquisitions & Mergers, Accounting, Banking and Financial Management among others.

 

Who should opt for MBA Finance Specialization?
Those who wish to make finance management as their career after doing graduation in Commerce, Science, Humanities, or have done CA/CS/ICWA, or have engineering back ground, can opt for MBA Finance course as there is no specialized qualification bar to opt for MBA Finance subject. There is also no age bar to take admission in the MBA Finance programme. MBA Finance course can be pursued with no age limit depending upon the person’s quest for the management programme.

 

Top MBA colleges for MBA Finance
The MBA in Finance with different titles is offered by almost all the top MBA colleges in India including IIMs, XLRI, MDI, FMS among others. IIM Calcutta and IIM Ahmedabad are most preferred destinations to pursue MBA Finance Courses.

 

Profiles & Roles Offered
The MBA Finance has occupied key value among the most preferred MBA courses in top MBA colleges and the demand for the Finance Management professionals has been rising year after year. Financial Planning, controlling and managing the financial resources are the major functional areas for which industry needs MBA Finance graduates.

 

MBA Finance job opportunities exist in banking, corporate finance, accounting & taxation, investment management, mergers & acquisition, fund management, international finance, insurance management, stock portfolio management among other key areas.

 

The graduates with MBA Finance are offered key roles and profiles like Financial Analyst, Credit Risk Manager,  Portfolio Manager, Treasury Manager, Derivatives Trader,  Structuring, Assistant Vice President – Finance/Corporate Banking, Corporate Finance Manager among others.

mba finance

MBA Finance Top Recruiters
Some of the top recruiters who look for candidates with MBA Finance qualification include KPMG, Deloitte, Boston Consulting, Axis Bank, Yes Bank, ICICI, Goldman sachs, Morgan Stanley, CRISIL, J P Morgan, Barclays, McKinsey, Lehman, Bain & Co, Merril Lynch among others. Your MBA Finance Job opportunity depends upon your diverse skill set which can take your career to new heights. Read More

2. MBA MARKETING

MBA in Sales & Marketing Management is one of the most preferred MBA courses opted by the students to get skills in the areas of Consumer Behaviour, Sales Management, Branding, Product Development, Market Research, Advertising & Communication, Services Marketing, Rural Marketing, Digital Marketing amongst others

 

Who should opt for MBA Marketing Specialization?
Skills required by candidates to pursue MBA in Sales & Marketing degree are Mathematical Ability, Good Communication Skills, Analytical and Leadership Skills, Reasoning Skills and Problem-Solving Skills.

 

Not all find it suitable to pursue MBA Marketing specialization as getting excellence in Sales & Marketing profession also depends upon your temperament and inclination towards the programme. The MBA in Sales Management is usually opted by the students who have flair for communicating with more and more people, have good communication skills, have an understanding of human behavior, may get involved in general to specific marketing activities.

 

Top MBA colleges for MBA Marketing
The MBA in Sales & Marketing Management is offered by almost all the top MBA colleges in India including IIMs, XLRI, MDI, IMT, FMS among others. IIM Ahmedabad, IIM Calcutta, IIM Lucknow, XLRI Jamshedpur, FMS Delhi, NMIMS, FMS Delhi, IMT among others are most preferred destinations to pursue Sales & Marketing Management Courses

 

Profiles & Roles Offered
The marketing curriculum leads to such career opportunities as product management, industrial marketing management, advertising, sales management, marketing research, retailing, and consulting.

mba in marketing

Top Recruiters
All the top companies national and international require Marketing professionals. Top Recruiters in the domain include the Banking sector, IT sector, FMCG Sector, Consulting sector among others.

3. MBA HUMAN RESOURCE MANAGEMENT (HRM)

Managing and retaining the best human resources at the work place has become a challenge and therefore the demand for candidates who have done MBA in HR is growing year after year in the corporate and industry. With an increased recognition of the critical issues in managing human resources in business organizations, the specialists – MBAs in HR are in demand today for deploying their skills to hire, manage and retain talent in these dynamic & challenging times. Accordingly, MBA HR Jobs have also seen a good rise in campus placements at MBA colleges.

 

Who should Opt for MBA HR Specialization?
If you are the one who has keen interest to the most sensitive ‘Human’ side of an organization, the MBA HRM specialization is right choice for you. The program requires the Human Resource Manager to make sure that the business organization has the required number of skilled people with the adequate knowledge about their work and organizational goals. The program has its primary objective to develop the critical skills, knowledge and a sensitive HR Professional who can manage with ease - both core business and human resource related challenges.

 

The MBA HR subjects develop the required HR specialist competencies and the right attitude for today's business environment, providing an insight into the people management challenges and practices relevant to each sector.

 

Top MBA colleges with HR Specialization
XLRI Jamshedpur, Xavier University Bhubaneswar, TISS Mumbai, IIM Indore, SCMHRD Pune are well known for their exclusive specialized MBA HR programs. In addition, IIM Ahmedabad, Bangalore, Calcutta, Lucknow among others offer MBA HR specializations.

 

Profiles & Roles Offered
There is a dearth of skilled Human Resources MBA professionals in Industry. MBA HR professionals are required to address all the hiring and retaining issues related to Human resources for the smooth functioning and growth of the company. There are number of HR jobs with high salary packages for an MBA in Human Resource Management. An MBA in HR gets senior level management role in corporate sector.

 

Profiles offered to the professionals with PGDM or MBA in HR include HR Managers – Training, compliance, Talent acquisition, Senior Manager HR, AVP, VP, Director-HR among others.

MBA In Human Recourse

 

Top Recruiters
Aditya Birla Group, BPCL, Reliance, HUL, L&T, Accenture, Wipro, KPMG, Infosys, ICICI, HDFC, Tata and number of Public and Private sector companies across the country are among the top recruiters for MBA HR professionals. Read More

4. MBA INTERNATIONAL BUSINESS

International Business is the backbone of economic growth and those who get skilled in the MBA IB specialization know well how the precious foreign currency could be earned for the country with best management skills.

 

MBA in International Business course gives key understanding of the capabilities needed for international operations. It imparts skills on international marketing, finance, various international codes of conduct.

 

Who should opt for MBA IB Specialization?
MBA IB, in fact is the MBA degree on multinational corporate. If you have keen interest in global operations, international exports and imports, you can pursue this course.

 

Roles & Profiles Offered
Manager International Business; Manager International Finance; Manager International Operations; Manager Export; Manager Imports; Manager Logistics among others are the entry level roles and profiles offered to the candidates in domestic as well as international companies.

MBA In International Business

Top Recruiters
National and International recruiters hire the candidates with MBA IB specialization. Some of the top recruiters include ABFRL, Airtel, Amazon, Axis Bank, Bajaj Auto, Bain Capability Network, Britannia, Citibank, GE, GEP, Godrej, Goldman Sachs, HP, HT Media, IVP, ICICI, Infoedge, ITC, JPMC, KPMG, Louis Dreyfus, Maersk Line, Marico, OfBusiness, Piramal, PPG Asian Paints, Royal Enfield, RPG, Shell, Synergy Consulting, Tata Metalliks, Tata Steel, Tata Motors, Wipro Technologies among others  

5. MBA RURAL MANAGEMENT

More than 50 percent of India’s marketing, finance and human resources management will be related to rural management. India will require more and more qualified professionals with MBA in Rural Management courses during next 3-4 years. This is the reason that more and more multinationals are attracted towards the skilled professionals with MBA in Rural Management  to cater to the needs of huge potential of rural market in India.

 

MBA in Rural Management applies the management theories and practice with their modified process meant for rural areas that can be converted into high potential market in future.

 

Who should Pursue MBA in Rural Management?
Rural Management programmes offer learning and managing the rural markets which are prominently dominated by agriculture and allied products by using locally available raw material. If you have interest and wish to grow as the expert on rural management, you should go for MBA-RM specialization.

 

Careers & Profiles
MBA in Rural Management has a track record of 100% placement. Since the demand for rural managers is rising consistently and more and more MBA Rural Management Courses in India are being introduced, the MBA rural management jobs are also on the rise. Not only at campus placements, the job opportunities for qualified MBAs in Rural Management are available with high salary packages outside as well.

 

IIMs, University affiliated institutions, autonomous and private institutes have realized the importance of the Rural Management programs like MBA in Rural Management offering specialization in Rural Marketing, Management of Rural resources including Human Resources, Rural Financing among others. More and more companies with tremendous investments with focused attention on Rural Markets.

MBA in Rural Management

Top Recruiters
Top Recruiters for MBA in Rural Management include Amul, Godrej Agrovet, PI Industries, Pioneering Ventures, Ninjacart, Waycool, EY, RBL Bank,  RaboBank, INI Farms, Cloudtail, Reckitt Benckiser, ADM, KPMG, RIL, IBM, ICICI, TATA, Nokia, ITC, Microsoft, JSW, RPG, HUL, Amazon, Olam. Read More

6. MBA BUSINESS ANALYTICS 

The importance of Business Analytics MBA is consistently growing as the demand for the talent to analyse and demystify big data is going up year after year. IIMs and top university and private management institutes on realizing the importance of Business Analytics MBA programme are offering it as one of the specialized Management courses in India. There are more than 100 B-schools offering MBA in Business Analytics courses in India either exclusive full time programme or as a specialized management programme

 

Who Should Opt for MBA-BA Specialization?
Business Analytics MBA is a comprehensive program that covers the latest analytics tools and techniques along with their business applications. Real world case studies are covered to enable participants to succeed in business roles using data analytics. If you have the analytical skills and interest to learn in this upcoming management field, you could go for this specialization.

 

Top MBA colleges
IIM Lucknow, XLRI Jamshedpur, MDI Gurgaon among other top MBA colleges offer Business Analytics as specialization. IIM Bangalore, IIM Calcutta, Great Lakes Institute of Management, LBSIM Delhi, offer exclusive PGDM/MBA in Business Analytics.

 

Careers & Roles Offered
High placement opportunities are available to build your careers in Business Analytics. A student pursuing MBA in Business Analytics becomes a Business analyst who is capable to solve the various corporate organizational issues with his/her skills and data analytics tools. The companies hire the Business Analytics professionals to get the best suggestions and actions based on Business Data Analysis and scientifically arrived future predictions. The MBAs in Business Analytics are getting higher placements and are in high demand by the top recruiters, as the companies need these professionals who can use scientific analysis of Business data to make business decisions.

MBA in Business Analytics

Top Recruiters
Some of the top recruiters offering careers in Business Analytics include Accenture, Crayon data, Global Analytics, Exl Analytics, Convergytics, Mu Sigma, Fractal Analytics, AbsoluteData, Manthan, Brillio, LatentView, Gramener among others. Read more

7. MBA SUPPLY CHAIN

MBA supply chain specialization equips you with the inventory management, warehousing, and transportation of various materials required by the client or a company. It offers skills in Logistics – National & Global, Supply Chain models, Transportation among other key areas.

 

Who Should Opt for MBA Supply Chain Specialization?
Graduate from any stream is eligible to pursue this course. If you like coordination, have interest in supply chain management models and the process related to it, you should go for it.

 

Careers and Profiles
As the name suggests, most of the top recruiters need the skilled professionals for supply chain management. The roles are offered for Manager level, coordinator level and higher level. More and more MBA students are opting for MBA in Supply Chain Management.

MBA in Supply Chain

8. MBA AGRI BUSINESS

The recent spurt in full time MBA in Agri Business Management programmes offered by number of universities and Agriculture business Management colleges including top MBA colleges reflects how important the MBA Agribusiness specialization has become in recent years.

 

Top MBA Colleges offering MBA Agri Business
IIM Ahmedabad, IIM Lucknow have launched MBA Agri Business as one of the separate management programmes on lines of their flagship MBA program. IRMA Anand and MANAGE Hyderabad are other prominent B-schools offering the MBA Agri Business, MBA Rural Management

 

Who should Opt for MBA Agri Business?
MBA Agri Business is best suited for the candidates with agriculture, agri engineering, food engineering/technology, graduate in agriculture science, biotechnology background. Besides, if you have keen interest in Agriculture and allied business activity and wish to make a career with this MBA specialization with high growth prospects, you should opt for it.

 

Careers & Profiles
100% Placement is achieved in the top colleges offering MBA Agribusiness course. Consistent rise in salary during past 5 years of MBA Agri Business Placements is visible in the placement reports for MBA Agri Business Specialization. Roles are offered in  the Marketing, Finance, Agri Officer, Operations among other domains.

 

Career opportunities exist in Agri Input Industry; Seeds; Fertiliser; Agrochemicals; Farm Machinery and Equipments; Cattle Feed; Poultry Feed; Aqua Feed; Food Processing Industry; Dairy Processing; Fruit and Vegetable processing; Chicken & Meat Processing; Retail Industry; Financial Services; Private Sector Banks; Public Sector Banks; Small Finance Banks; NBFCs working in Agri and Rural Sector; Micro Finance; Agri Commodity Trading Sector; Agri Warehousing Sector; Development Sector; Cooperatives and FPOs; Agri Export Houses; E Commerce; Teaching & Research

MBA in Agri Business

Top Recruiters
Top recruiters like Adani, Reliance, Tata, Godrej, EY, KPMG, Tolaram, Ninjacart, Cloudtail among others have been participating in campus placements and making high salary offers in the management institutes offering MBA in Agri Business Management programmes.

 

There are several Agri start-ups which are exploring huge opportunities for agri-business graduates. Read more

9. MBA FAMILY BUSINESS

MBA Family Business specialization offers the opportunity to the students to further expand and strengthen their family business and also to venture into entrepreneurship with innovative ideas after getting proper grooming and skills on completion of their MBA Family Business and Entrepreneurship Program.

 

Some of the top MBA colleges offering Family Business Management Courses in India are IIM Bangalore, S P Jain, Nirma University, NMIMS Mumbai, EDII among others.  

 

Who should opt for MBA in Family Business Specialization?
If you are inspired to go with the ‘Make in India’; ‘Start-Up India’ the specialization is for you. In the rapidly altering business environments and economies, the next generation of business owners want to tackle the uncertainty and volatility of business world effectively. To cater to the needs of this group, MBA Family Business and Entrepreneurship Program is designed to help meet the needs of next generation of family business owners.   

 

The programme gives boost to entrepreneurship ventures and to expand and modernize the family business to make it a successful and growth oriented business.

MBA Family Business

10. MBA HEALTHCARE MANAGEMENT

MBA Specialization in Healthcare Management is a fast upcoming course. Focusing on the most relevant issues of preventive Healthcare, treatment and pharma management, Hospital Administration and Management, health insurance, this course provides you brighter career prospects.  

 

GIM Goa, K J Somaiya Mumbai, NMIMS Mumbai, Welingkar Mumbai are some of the prominent B-schools offering the MBA Healthcare/Phramaceutical.

 

Who Should opt for MBA Healthcare Specialization?
If you are a science graduate with life sciences, biology, bio-technology and other relevant back ground and have keen interest in healthcare planning to become a part of healthcare management/ hospital operations, you can opt for MBA Healthcare specialization.

 

Profiles and Roles Offered
The MBA Health care offers you wide range of roles in healthcare management at various companies, hospital chains, diagnostic chains, healthcare insurance companies.

 

Some of the roles that are offered to the students with MBA Healthcare specialization are Consultant / Associate Consultant, Domain specialist – Healthcare, Analysts, Marketing executives, Marketing and sales executives, Management trainee, Manager / Assistant Manager, Business lead, Hospital operations executive, Healthcare HR executive, Healthcare Finance executive, Project manager / co-ordinator, Health Insurance executive

MBA in Health Care Management

Top Recruiters
Placements are offered in top hospitals, health insurance companies, medical tourism companies, diagnostic Labs, NGOs, Healthcare IT, Preventive and Social Health sector, Healthcare Research Establishments, Government and semi-Government Healthcare programmes, Organizations related to World Health Organization (WHO) among others

 

Some of the top recruiters include Piramal, Aditya Birla Sunlife, Siemens, GE, J&J, Abbott, Cipla, Pfizer, Glenmark, E&Y, KPMG, Deloitte, McKinzee, PWC, Cognizant, Infosys, TCS, ICICI Lombard, Bajaj Allianz, Star Health, Fortis, Apollo, Manipal, Columbia Asia,UNICEF, UNDP, Government organizations among others

 

MBA Specializations by IIMs in India
Apart from MBA course specializations offered in the second year, some of the IIMs also offer specialized MBA courses in different streams like MBA in Business Analytics, MBA in Food & Agriculture, MBA in Agriculture Business Management, MBA in Human Resource Management, MBA in Sustainability Management among others. Below is shared the list of MBA Courses offered by IIMs:

Name of the IIM offering MBA courses
List of MBA courses offered
IIM Ahmedabad
PGP, PGP-FABM, ePGP
IIM Amritsar
PGP
IIM Bangalore
MBA, MBAEM, MBAPM
IIM Bodh Gaya
PGP
IIM Calcutta
MBA
IIM Indore
PGP, PGP-HRM
IIM Jammu
MBA
IIM Kashipur
PGP, EPGP
IIM Kozhikode
PGP, EPGP (IIMK, IIMK Kochi Campus)
IIM Lucknow
MBA, MBA-ABM, MBA-SM
IIM Nagpur
PGP
IIM Raipur
PGP
IIM Ranchi
PGP, PGP-HRM
IIM Rohtak
PGP, EPGPX
IIM Sambalpur
PGP
RGIIM Shillong
PGP, PGPEX
IIM Sirmaur
MBA
IIM Tiruchirappalli
PGP, PGPM-HR, PGPBM
IIM Udaipur
MBA
IIM Visakhapatnam
MBA

There are more than 50 different MBA specializations offered in India by more than 3000 B-Schools on the basis of Functions or Industry Sectors/Domains. The MBA Marketing and MBA Finance followed by MBA Human Resource Management and MBA International Business are the most popular MBA Specializations in India.

MBA in Business Analytics is a new but increasingly popular specialization. MBA subjects in the first year of the MBA courses are more or less same. In the second year the MBA course subjects become different depending upon the specialization opted by the students. Some of the top MBA colleges offer choice of MBA specialization in the first year itself and the MBA subjects in such cases are as per the specialization offered.