Different MBA Programs in India — Most In Demand
Multiple companies are constantly on the lookout for talented and resourceful professionals who can communicate well and carry out the operations effectively. As a result of this, the demand (and specialisations) of MBA courses have drastically increased.
If you’re looking to build a successful career in the corporate world, MBA is the push you need. However, amidst such a barrage of courses and options, it’s normal to get confused and lost in the pool of data. To ensure that you’re aware of all the options you have before you make a choice, here’s a list of top 10 MBA programs and specialisations to choose from in the coming years:
1. Business Analytics & Big Data
Owing to the ever-increasing heap of data surrounding us, a master’s program in Business Analytics and Big Data has become a very popular option. Even businesses and corporations are on the lookout for good analytical skills, who can manage and make sense of their data and convert it into actionable pointers.
An MBA program in Business Analytics and Big Data equips the students with all the essential ways of sorting, combing through, and analysing the data to make valuable predictions and strategies. In this MBA program, students get exposed to concepts and ideas like marketing intelligence, econometrics, predictive analysis, and more. On completing an MBA in Business Analytics and Big Data, one can find numerous jobs in the fields of marketing, supply chain, banking and finance, and more.
2. International Business
A full-time, 2-year program in International Business is another trending specialisation in today’s day and age. This is primarily because most organisations worldwide are hiring folks qualified in International Business to represent their organisations at an international level.
This course helps students grasp foreign trade nuances, trade management, and apply these techniques in analysing and conducting market research. An MBA in International Business focuses on providing an in-depth understanding of how to tackle international trading-related challenges, including restrictions in different countries, interacting with other cultures, international economics, and more.
3. Logistics Management
This program is designed to train students in the field of industrial supply chain management. The curriculum for most MBA programs in Logistics Management is tailored to match the skill set required to deal with goods, inventory and transportation services. Hence, to build a career in the supply chain, operations, or the e-commerce industry, pursuing an MBA in Logistics Management is the way to go.
4. Marketing Management
MBA in Marketing Management is not a new course, but it’s one that has stood the test of time. The ways of marketing have changed — from billboard to digital — but the importance remains unhinged. This course focuses on the advanced study of product design, market psychology, pricing, promotions, advertising, and other essential marketing concepts.
Since this is a traditional course, it follows the regular 4-semester pattern. The initial two semesters have courses common for all, while the last two focus on students’ specialisations.
5. Enterprise Management
In an Enterprise Management program, the students are provided with the essential knowledge related to operations and international finance and global strategies, ethics, and multinational businesses.
Students pursuing this program gain the knowledge common to all MBA courses along with a specialised focus on international business, organisational development, and global management. The other subjects in this course generally include financial accounting, corporate responsibility, statistics, risk management, and operations management.
6.Human Resource Management
MBA in HRM, short for Human Resource Management, focuses on imparting knowledge required to build, maintain, and sustain an efficient workforce for an organisation. Every company works on a fixed set of values, visions, norms, systems, and procedures and processes. The HR department develops and manages all these intricacies and facilitates a richer company culture by hiring and retaining the best talents.
The MBA in HR exposes the students to subjects like labour laws, retention tactics, recruitment, interview techniques, organisational behavior, organisational psychology, and similar others. The course is always in demand, as almost all the organisations, irrespective of their domain, require an efficient HR department. The student is eligible for the directorial and senior-level management role in a company by completing this program.
7. Pharma & Healthcare Management
According to the Global Pharmaceuticals Industry Analysis and Trends, the global pharma industry is expected to be worth 1.7 Trillion USD in a couple of years, by 2023. Due to such overwhelming growth, this particular program is also seeing an increased demand.
An MBA in Pharma and Healthcare Management equips students with important subjects like research, development, administration, nursing, pharmaceutical, and other important clinical subjects. The students also undergo training in advanced business concepts, advanced pharma management, enterprise management, and more, to increase the employability!
8. Financial Management
A Financial Management MBA Program assists the candidates in understanding financial components like promotion, data frameworks, bookkeeping, operations management, and more. The course also helps the students in developing team-building and leadership skills, and ensuring that they’re capable of seamlessly managing the financial arms of any company.
By pursuing the MBA in Financial Management course, the students are able to learn, develop, and execute strategies and tools to analyse different financial dimensions of a complex business environment.
9. Rural & Agri-Business
In terms of agricultural- and rural-businesses, India is one of the topmost companies. Therefore, the placement of this course in this list shouldn’t come as a surprise. Further, more than 140 institutes and universities across India offer a course in this program. An MBA in Rural and Agri-Business gives students an insight into all the essential subjects related to the Indian and global agriculture market.
Agriculture is also one of the most important contributors for our GDP, hence pursuing this course paves the way for this country’s success. In this course, students are providing in-depth knowledge about subjects like farm planning, soil management, supply chain, food processing, and more.
10. Tourism & Hospitality Management
An MBA in Tourism and Hospitality allows students to develop and practice the skills required to manage the day to day working in this sector in a wholesome manner. This course has both theoretical and practical components, including internships, case studies, field reports, and more. This course gives students an understanding of subjects like operations, human resources, finance, psychology, and more.
In Conclusion
MBA Programs are as lucrative today as they were earlier. Looking at the diversity in terms of courses offered under the MBA banner today, it’s safe to say that the demand for an MBA degree is here to stay for a long time. When it comes to the specialisation to choose, there are a lot of subjective factors to consider. The above list gives a glimpse of the various specialisations one can pursue. We hope it sheds some light on various available options and simplifies the decision-making process for you!
If you’d like to look beyond traditional MBA programs and explore state-of-the-art e-learning courses, check out UpGrad. We have partnered with topmost colleges and companies to provide the best learning experience to our students. Learn more about our courses on our website.
