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.
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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
- International Business Management
- Operations Management
- Information Technology
- Hospitality and Tourism
- Business Analytics
- Supply Chain Management
- Family Business
Overview of Different MBA Streams Popular Worldwide
The below-given information will present 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 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 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 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 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 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, 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 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:
- 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:
- Principles of Management
- Communication Skill
- Business Laws
- Organisational Behaviour
- 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
- 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 World||University||Location||QS 2021 Rankings|
|Stanford Graduate School of Business||Stanford University||USA||1|
|The Wharton School||University of Pennsylvania||USA||2|
|Sloan School of Management||Massachusetts Institute of Technology||USA||3|
|Harvard Business School||Harvard University||USA||4|
|London Business School||–||UK||7|
|Columbia Business School||Columbia University||USA||8|
|IESE Business School||University of Navarra||Spain||9|
|UC Berkely (Haas)||University of California, Berkley||USA||10|
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.
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
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.
Here are some different MBA streams that ha the highest salary:
Highest-Paying MBA Concentrations.
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.
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.
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.
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!