Different MBA Streams

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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 picks. 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 the chord with a wide range of specialization available in the relevant field. Here is a list of 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

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

Different MBA StreamsDescription 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 ManagerINR 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 AnalystINR 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, ConstructionINR 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 MarketingINR 3,50,000 to INR 17,50,000
Tourism and Hospitality It typically involves you to be 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 ManagerINR 3,00,000 to 13,50,000
Logistics ManagementLogistics 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, ExpeditorINR 6,50,000
Finance It is one of the major MBA streams and isconcerned 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 insurances, stock exchanges are some of the shining avenues for MBA aspirants. Asset Management, Corporate Finance, Credit Risk Management, Corporate Banking, Stock Market, Finance MinistryINR 2,00,000 to INR 15,00,000.
MarketingThis 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 ManagementINR 20.50 lakh
Healthcare ManagementThe healthcare industry globally has grown dramatically in recent years, with the idea of health care 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, ITINR 5,00,000 to 18,00,000
Business AnalyticsMBA 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 ScientistINR 5,00,000 to 18,00,000

Must Read: Top MBA Colleges in India 2021

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:

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

  • Principles of Management 
  • Communication Skill 
  • Business Laws 
  • Organisational Behaviour 
  • Economics
  • Taxation 
  • Project Work
  • Computer Application 
  • Retail Management 
  • Accounting and Financial Management
  • Corporate Finance
  • Human Resource Management
  • Leadership and Entrepreneurship
  • Management of Change
  • Managing for Sustainability
  • Marketing Management
  • Strategic Management
  • Advanced Studies in Industrial Relations
  • Auditing
  • Communication in Business
  • Customer Behaviour
  • Financial Planning
  • Global Marketing
  • Investments Analysis
  • Management Accounting for Costs and Control
  • Training and Development Environment
  • Operation Research
  • Project Management

Must Read: Best MBA Colleges in World 2021

Top Universities Offering Various MBA Streams

Best MBA Colleges in the WorldUniversityLocationQS 2021 Rankings
Stanford Graduate School of BusinessStanford UniversityUSA1
The Wharton SchoolUniversity of PennsylvaniaUSA2
Sloan School of ManagementMassachusetts Institute of TechnologyUSA3
Harvard Business SchoolHarvard UniversityUSA4
HEC ParisFrance5
INSEADMultiple Campuses6
London Business SchoolUK7
Columbia Business SchoolColumbia UniversityUSA8
IESE Business SchoolUniversity of NavarraSpain9
UC Berkely (Haas)University of California, BerkleyUSA10

How to Choose from Different MBA Streams/Specialization?

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 over 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

What are the different streams in MBA?

Here is a list of different MBA streams or specializations that are popular and available in India:
MBA in Finance.
MBA in Human Resource Management.
MBA in Information Technology (IT)
MBA in Marketing Management.
MBA in Business Management.
MBA in Rural Management.
MBA in Health Care Management.
MBA in Logistics Management.

Which MBA stream has highest salary?

Here are some different MBA streams that ha the highest salary:
Specializations Overview.
Highest-Paying MBA Concentrations.
Real Estate.
Marketing.
International Business.
Information Technology.
Healthcare Management.
Accounting.

How many streams are there in MBA?

Management institutes in India deliver over 30 different MBA specialisations. Finance, Marketing, International Management, Human Resources, Information Technology/Systems, Operations Management, and Entrepreneurship have traditionally been the most common MBA specialisations.

Which type of MBA is in demand?

Marketing, finance, international business, human resource management, operations management, information systems, and supply chain management are only a few of the MBA specialisations in high demand. This illustrates the growing importance of the interdisciplinary model in industry and business.

Who Earns More CA or MBA?

In India, a CA’s average salary ranges from Rs 7 to Rs 10 lakh. MBAs’ remuneration packages are determined by the company they work for. Graduates of top IIMs earn Rs 18-22 LPA, but this is not the case for graduates of Tier-II and Tier-III schools.

Which country is best for MBA?

United States, United Kingdom, Canada, Australia, Germany, France, Spain, Singapore are some of the most renowned destinations abroad to study MBA.

This was all pertaining to different MBA streams. With January intakes around the corner, seek guidance from Leverage Edu counsellors to reach new career heights. Our experts will help you sort the best management course that fits your requirements using the unique AI- tool. Don’t miss out MBA Admission for the upcoming intakes!

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