Different MBA Streams

In contemporary times with the advancement of technology and industries, there is plentiful scope for a business professional to carve a niche in different MBA streams. Day in and day out, the field of Business is touching new heights with a rapid pace of industrialization. Ranging from banks to the aviation sector,  an MBA pass-out can fit into any corporative space. If you are someone exploring the types of MBA specializations or streams then this blog is definitely going to help you find an ideal one that lines with your personality. 

General Overview

An MBA degree program can be 1 to 2 years long depending upon the course and university one pick. MBA degree produces well-equipped professionals with advanced knowledge in a relevant field. With the advancement of technology, various multinational companies and industries have come into existence, giving rise to different MBA streams. Depending upon the role one wants to perform in an organisation, a specific type of MBA can be selected by the student. 

Top 10 MBA Streams

An MBA aspirant can strike a chord with a wide range of specializations available in the relevant field. Here is a list of the top 10 MBA streams:

• Human Resources
• Finance
• International Business Management
• Operations Management
• Information Technology
• Marketing
• Hospitality and Tourism
• Business Analytics
• Supply Chain Management
• Family Business

Overview of Different MBA Streams Popular Worldwide

The below-given information will present a holistic understanding to aspirants to choose different MBA streams available: 

Different MBA Streams	Description	Top Job Profiles	Average Salary in INR (per annum)
Human Resource Management	Students interested in managing the resources of an organisation, making recruitment plans and employee-friendly schemes can be a part of this work profile.	HR Assistant, Technical Recruiter, Training and Development Coordinator or Manager, Human Resources Manager, Employee Relations Manager	INR 4,50,000 to INR 15,50,000
International Business Management	It demands your in-depth understanding and to learn the organisational capabilities.	International Business Analyst, Business Development Manager, Management Consultant, Equity Analyst	INR 6,00,000- 25,00,000
Operations Management	It will make you familiarise yourself with production and shop floor management.	Operations Analyst, Management Consulting, Retail, Manufacturing, Construction	INR 3,50,000 to INR 14,50,000
Information Technology	Information and Technology professionals play a pivotal role in the business team be it hardware or software solutions to solve queries related to business.	Project Manager, Strategy and Planning, Information System Manager, Business Development Manager, Product and Corporate Marketing	INR 3,50,000 to INR 17,50,000
Tourism and Hospitality	It typically involves you being skilful in tourism-related industries.	Hotel or Resort Manager, Assistant Manager, General Manager, Travel Agent, Group Travel Facilitator, Cargo manager, ramp manager, Air hostess/steward, Ground Staff, Human Resource Manager	INR 3,00,000 to 13,50,000
Logistics Management	Logistics management is a subset of supply chain management that deals with the planning, implementation, and monitoring of products and services’ movement and storage between the point of origin and the point of consumption. Companies now need a new type of supply chain/logistics/operations manager, prompting the development of an MBA in Supply Chain Management or Logistics & Operations to meet this demand.	Logistics and Distribution Manager, Supply Chain Analyst, Supply Chain Manager, Production Planner, Expeditor	INR 6,50,000
Finance	It is one of the major MBA streams and is concerned with budgeting and capital management. If you show devotion towards this stream, you will get to try your luck in the big financial department. Mutual fund insurance and stock exchanges are some of the shining avenues for MBA aspirants.	Asset Management, Corporate Finance, Credit Risk Management, Corporate Banking, Stock Market, Finance Ministry	INR 2,00,000 to INR 15,00,000.
Marketing	This stream will assist students to customise themselves with market behaviour and client behaviour.	Marketing Manager, Brand Manager, Market Research Analyst, Corporate Sales, Sales Management, Asset Management	INR 20.50 lakh
Healthcare Management	The healthcare industry globally has grown dramatically in recent years, with the idea of healthcare expanding beyond hospitals. Those working in the pharmaceutical industry, government agencies, insurance companies, hospitals, and consulting firms can benefit from an MBA in Healthcare and Hospital Management.	Marketing, Health Insurance, Healthcare Finance Manager, Pharmaceutical Project Manager, IT	INR 5,00,000 to 18,00,000
Business Analytics	MBA in Business Analytics is a program that teaches students how to develop data-driven business strategies.	Business Analyst, Data Analyst, Quantitative Analyst, Quantitative Analyst, Data Scientist	INR 5,00,000 to 18,00,000

Must Read: Top MBA Colleges in India 2022

Other MBA Streams 

Apart from the above-mentioned list, there are more different MBA streams that are provided by top universities across the globe. Written below are some of them:

• MBA in Agriculture
• MBA in Energy Management
• MBA in Fashion Designing
• MBA in Data Analytics
• MBA in Media Management
• MBA in Material Management
• MBA in Power Management
• MBA in Entrepreneurship
• MBA Agribusiness
• MBA in Aviation Management
• MBA in Airport Management
• MBA in Computer Science
• MBA in Digital Marketing
• MBA in Foreign Trade

What Subjects are Taught in an MBA?

The subjects taught in MBA streams might vary from course to course. However, one must know the major subjects they would be studying while pursuing this course. Given below is the list of some common MBA subjects: 

Must Read: Best MBA Colleges in World 2021

Top Universities Offering Various MBA Streams

Best MBA Colleges in the World	University	Location	QS 2023 Rankings
Stanford Graduate School of Business	Stanford University	USA	1
Harvard Business School	University of Pennsylvania	USA	2
Penn (Wharton)	Massachusetts Institute of Technology	USA	3
HEC Paris	Harvard University	USA	4
London Business School	–	Multiple Campuses	5
MIT Sloan	Cambridge University	USA	6
IE Business School	–	Spain	7
Columbia Business School	Columbia University	USA	8
INSEAD	University of Navarra		9
IESE Business School	University of California, Berkley	USA	10

How to Choose from Different MBA Streams/Specializations?

There are numerous MBA specialisations available in India and abroad. Since there are so many different MBA streams to choose from, students are often perplexed about which MBA specialisation to pursue. The following are some of the considerations that have proven to be beneficial in deciding on an MBA specialisation.

• Return on investment (ROI) of MBA specializations: One of the most significant decision factors that most students overlook nowadays is the ROI of the MBA stream chosen. If not more, the Student must receive at least twice the amount invested in the program. As a result, one should pursue an MBA specialization that will provide a high return on investment.
• The Institute’s credibility for the preferred MBA specializations: It is often best to choose institutes or colleges that are well-known for the MBA specialization that a student wishes to pursue.
• Faculty for the desired MBA specializations: Students can or must seek out institutes that have highly qualified faculty for their desired MBA specialization.
• MBA specialisation scopes: Students can choose from different  MBA streams or specializations that provide a diverse range of job opportunities so that they have a variety of choices after completing their MBA.

Required Skills

Below mentioned information will describe the skills which are essential in order to make your distinctive space in any of the MBA streams: 

• Excellent business acumen 
• Good command of the English Language
• Excellent communication skills 
• Leadership qualities 
• Goal-oriented and able to handle the pressure
• Strong mathematical skills 
• Solve problem-based questions
• Research-oriented

FAQs

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