MBA Specializations (Other than Marketing, Finance & HR) to Make Your Career From!

With a promise to provide with you a career, MBA has emerged as a great academic option. No matter what your graduation stream was, if you know you have managerial skills and want to hone it for a corporate career MBA is what you need. Opening of economy and India becoming a major market for almost all the products and services, there is no dearth of big and small companies wanting MBA professional to steer their business and generate revenue.

Here are some MBA specializations you can benefit from.

MBA International Business- As already mentioned, post liberalization and globalization India has become a major market to invest in and reap benefit from, many global companies have shown interest and have started their ventures here. It necessitated a constant feed of skilled managers who understand their current market with respect to the international business scenario. The in-depth knowledge of this subject thus becomes an added advantage for the interested students for understanding of international business environment, legal practices, diplomatic boundaries, international finance, government policies and marketing and trade practices.

MBA Retail- A huge customer base of more than 100 Crore in countries like India has fired up the aspirations of global retail multinationals. Current growth rate of 8.5% of Indian retail market is more than an impetus. Already, there are more than 300 new malls, 325 departmental stores, and 1500 supermarkets under construction presenting employment opportunity for MBA in retail management. Indian Companies like Tata, Future Group, ITC, etc. are already in process of expanding their retail business. And MNCs like Walmart have also forayed in new economy.      

MBA Pharma- With population increases the medical needs especially related to lifestyle diseases like hypertension, obesity and diabetes, which is the case of countries like India. No wonder, Pharmaceutical companies want to cater to the needs of this huge customer base through their international subsidiaries. So they are now are preparing for New Drug Development and Delivery systems to cater to markets like India which needs professionals well versed at least in basics related to the subject.

MBA Banking and insurance- With awareness of finances and wealth management, banks are looking forward to expanding their base. The deregulation of the banking sector has also offered tremendous growth of this sector. Global standards in the sector have improved the customer service due to the competitiveness of the sector, introducing a lot of job opportunities. And this is not the only sector. The insurance sector has been shown green light for private insurance companies to enter in Indian market under IRDA Act, 1999. The huge Indian insurance industry is pitched over growth rate of 15-20% annually. The major players in both banking and insurance sectors are ICICI, Reliance, HDFC, and SBI tapping the potential of the market. This has only fuelled the need of the MBA professionals well-versed with the knowledge of sector, government policies, market viability, customer management, investment banking and wealth management.

Are you ready to plunge into these specialisations to pave your own path to your career?