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Top 10 MBA Specializations in Demand for 2022-23

An MBA (Master of Business Administration) degree is ideal for people aspiring to attain business skills. It shapes your career as a business leader at the executive level. It is the most sought-after credential to enhance your resume. If you are looking to find out best mba specialization for future, read more. 

MBA students get a brief idea of each subject related to management and business during their first year of the MBA program. Later in the same year, they are introduced to various specialized areas. They need to choose the field they are interested in and ambitious to specialize in. The specialization in MBA provides focused training in a specific field. It helps employers to know that a graduate can excel in a particular business area. 

If you want to elevate your career graph as an MBA, you must know the demanding MBA specializations. Here are the few leading ones!

Table of Contents

1) MBA in Finance

This specialisation in MBA deals with the management of finances and books of accounts of a company to fulfil specific financial goals. Every company needs to manage these tasks; therefore, this specialisation is one of the most demanding. It provides you with an in-depth understanding of financial planning, pricing policies, Assets Management, Cost of Capital, etc.

Finance management is an appropriate career for those management students possessing decent knowledge of financial management along with enough understanding of the stock market and financial models. This specialisation imparts implementing theoretical financial knowledge into the financial market. Your exceptional financial management skills and knowledge of the latest trends in the finance industry help you to advance your career as an MBA in Finance.

MBA in Finance Responsibilities

  • Management of operating budget
  • Overseeing company or organisational budgets
  • Risk management
  • Investment planning 
  • Financial reporting and decision-making
  • Estimating capital structure and expenditures

Offered Roles in the Market

Roles

Average Offered Salary
Financial Analyst ₹452,570/per annum
Chief Financial Officer ₹3,501,051/per annum
Certified Public Accountant ₹691,147/per annum
Investment Banking Associate ₹681,778/per annum
Business Analyst ₹790,056/per annum

Top Recruiters in the Industry

  • Amazon
  • Morgan Stanley
  • Goldman Sachs
  • BCG
  • J.P. Morgan Chase & Co.
  • Ernst and Young
  • Hewlett Packard Enterprise

2) MBA in Human Resource Management

This specialisation focuses on learning solutions and strategies that can help to enhance a business’ quality. It works on the issues prevalent in the corporate world and other business sectors. It imparts knowledge through different case studies relevant to Human Resource Management. Moreover, this specialisation also deals with Employees Welfare Schemes (EWS) to safeguard the rights of labour forces at workplaces.

Students pursuing MBA in HRM develop skills in organisational culture development, talent acquisition, compensation structuring, workforce training and development, employee welfare management and compliance, industrial relations, and employer branding.

It is the best MBA specialisation for future because all organisations need to manage their human resources. They can’t effectively undergo people management without an MBA in HRM.

Some of the key subjects covered are strategic human resources, cross-cultural human resource management, human resource economics, compensation and reward management, performance management, industrial relations management, and business ethics.

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MBA in Human Resource Management Responsibilities

  • Workforce planning and management within organisations
  • Talent acquisition and management
  • Training and supervising employees
  • Overseeing employee benefits
  • Ensuring consistent updates in company policies

Offered Roles in the Market

Roles

Average Offered Salary
Human Resources Consultant ₹498,659/ per annum
Employee Relations Manager ₹900,000/ per annum
Staffing Manager ₹778,000/ per annum
Director of HR Training and Development ₹2,782,565/ per annum
Human Resource Executive ₹300,000/ per annum

Top Recruiters in the Industry

  • Capgemini
  • Techmahindra Limited
  • Wipro
  • Cognizant
  • Infosys Limited
  • Accenture 

3) MBA in Information Technology (IT)

Technology has become a vital part of our lives, making MBA in Information Technology the best MBA specialisation for future. Technology is getting more advanced with each passing day, and the career scope in this field is gradually increasing.

Students learn various fundamental and advanced concepts of IT during the two years duration of this program. Some of them are software engineering, different computer applications, data mining, database management systems, multimedia designing, web designing, Security and Control Information systems (SCIS), etc.

You can seamlessly accomplish various business operations if you are knowledgeable in Information Technology and well-versed in computer applications. You must opt for this specialisation if you aim to work as an IT professional after completing your MBA course.

MBA in Information Technology Responsibilities

  • Information and computing technology management
  • Overseeing technical operations infrastructure
  • Developing innovative solutions to decrease manual efforts
  • Testing, evaluating and troubleshooting information systems for optimum performance 

Offered Roles in the Market

Roles

Average Offered Salary
IT Director ₹3,613,541/ per annum
Chief Technology Officer ₹3,362,982/ per annum
IT Project Manager ₹1,660,444/ per annum
System Manager ₹972,106/ per annum
Analytics Manager ₹1,837,702/ per annum

Top Recruiters in the Industry

  • HSBC
  • TATA Consultancy
  • Apple
  • Larsen & Toubro
  • EXL Service.com
  • McKinsey
  • Walt Disney

4) MBA in Marketing Management

It is the oldest and the most favoured MBA specialisation. The reason is it facilitates the students with great opportunities to build their careers in different fields. This specialisation imparts expertise in the field of entertainment, media, promotions, advertisement, sales, etc. It is the best specialisation in MBA for students interested in marketing and sales.

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This specialisation primarily focuses on imparting communication, interpersonal, and other soft skills. The reason is that graduates with these skills can help market and sell the products/services of the organisation they are working in. The major focus of companies has shifted to online and digital marketing in the last few years owing to the growth of the Internet.

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MBA in Marketing Management Responsibilities

  • Planning, developing and implementing marketing strategies
  • Market expansion with innovative organisational strategies
  • Analysing customer behaviour to comply with the latest market trends
  • Bridging the gap between clients and creatives
  • Working through data-driven insights to improve financial growth of the company with consistent performance

Offered Roles in the Market

 

Roles

Average Offered salary
Brand Manager ₹876,152/ per annum
Media Planner ₹409,756/ per annum
Marketing Manager ₹683,749/ per annum
Head of Digital Marketing  ₹2,496,000/ per annum
Corporate Sales Manager ₹647,475/ per annum

Top Recruiters in the Industry

  • Procter and Gamble
  • Microsoft
  • Sony
  • Pepsico
  • Hindustan Unilever Limited
  • American Express
  • Groupm
  • Axis Bank
  • Gartner Group Inc.

5) MBA in Business Management

This MBA specialisation program imparts skills to administer daily business-related tasks. It teaches all those skills related to organisational behaviour. It helps you prepare effective strategies that can help eliminate all the real-life issues in a business environment. The students of this specialisation can also contribute to the business expansion of the organisation they are working in.

The key topics covered in its curriculum are Financial Management & Accounting, Talent Management, Business Negotiation, etc.

MBA in Business Management Responsibilities

  • Market research to advise clients on investing in the most ideal products and services
  • Conducting operations to evaluate management vulnerabilities and tackle them
  • Assisting internal management to operate businesses and manage potential crises 
  • Implementing leadership abilities to implement the right talent at the right position

Offered Roles in the Market

Roles

Average Offered Salary
Product Manager ₹1,309,248/ per annum
Project Manager ₹1,339,911/ per annum
Logistics Manager ₹609,658/ per annum
Compliance Officer ₹510,897/ per annum
Management Consultant ₹1,232,605/ per annum

Top Recruiters in the Industry

  • Amazon
  • KPMG Consulting
  • Bain & Company Inc.
  • Randstad India
  • Axis Bank
  • HDFC Bank
  • Vodafone
  • Maruti Suzuki

6) MBA in Logistics Management

Students pursuing this MBA specialization develop analytical and managerial skills in the domain of Logistics and Supply chain management. While working as a Logistic Manager, your main function is ensuring that proper products and services are delivered to the customers who need them. You are also responsible for supervising all business operations related to the product supply. You may have to maintain the count of the products the organization deals with.

MBA in Logistics Management Responsibilities

  • Organising the storage and distribution of goods
  • Supervising expenditures and planning budget for the flow of goods
  • Quality assessments of materials used in goods
  • Eliminating processing errors along with seeking better solutions

Offered Roles in the Market

Roles

Average Offered Salary
Global Logistics Manager ₹21,010,00/ per annum
Logistics Coordinator ₹356,308/ per annum
Operations Manager ₹789,001/ per annum
Procurement Manager ₹1,008,215/ per annum
Warehouse Manager ₹501,120/ per annum

Top Recruiters in the Industry

  • Axis Bank
  • Mahindra & Mahindra Limited
  • Vodafone
  • J.P. Morgan Chase & Co. 
  • Accenture
  • EXL Service.com 

7) MBA in Healthcare Management

This specialization’s name may imply that it only deals with management in hospitals, but this is false. It is also related to the health sector to motivate professionals who want to work in the pharmaceuticals sector, insurance organizations, government agencies, and hospitals.

Holding this MBA specialization makes you eligible to consult firms working in the healthcare sector. You are accountable for dealing with the significant management problems encountered by hospitals and several other organizations related to the healthcare field.

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MBA in Healthcare Management Responsibilities

  • Provide assistance in medical facilities like nursing homes, community hospitals or rehabilitation facilities
  • Conducting management functions like managing patient records, clinical order supplies, financial management, and medical software
  • Engage as clinical manager for clinical trials in pharma or other related companies
  • Managing residential administration for maximum patient satisfaction

Offered Roles in the Market

Roles

Average Offered Salary
Health Administrator ₹508,682/ per annum
Clinical Research Manager ₹801,309/ per annum
Hospital Chief Financial Officer ₹ 39,0,20,00 per annum
Pharmaceutical Product Manager ₹971,529/ per annum
Hospital Administrator ₹489,437/ per annum

Top Recruiters in the Industry

  •  Apollo Group Inc.
  • GE Healthcare Partners
  • United Health Group Inc.
  • Benzne
  • KPMG

8) MBA in Operation Management

It is the best specialization in MBA for those who aspire to ensure customer satisfaction. It teaches you how to contribute to consumers by improving the products’ and services’ cost, quality, and productivity. You are acquainted with how to effectively manage different processes to make the manufacturing and distribution of products successful.

You will learn how to design process flows, ways to optimize company resources, establish supply chain and logistics, plan production, manage quality control, and manage vendors. Moreover, you will learn how to improve manufacturing and service businesses’ operational efficiency continuously.

These professionals work as focal points in an organization. So, their roles significantly focus on your managerial and leadership skills. Hence, MBA in Operation Management program prioritizes imparting these skills to students.

MBA in Operation Management Responsibilities

  • Oversee quality control and implement safety measures across the operations department
  • Evaluating ways to ensure high-quality customer service with minimal inventory costs
  • Allocating resources for maximum efficiency, including funds and internal talent
  • Monitoring internal and external operations to track performance
  • Using data-driven insights to manage fund allocation amid organisations 

Offered Roles in the Market

Roles

Average Offered Salary
Operations Manager ₹789,001/ per annum
Industrial Engineer ₹3,35,080/ per annum
Quality Analyst ₹3,16,389/ per annum
Supply Chain Management ₹4,27,168/ per annum
Production Analyst ₹587,500/ per annum

Top Recruiters in the Industry

  • HDFC
  • Genpact
  • Axis
  • Standard Chartered Bank
  • ICICI Bank
  • Wipro
  • HSBC
  • Cognizant

9) MBA in Business Analytics

Under MBA in Business Analytics program, you learn how to create different business strategies based on the available data. It teaches ways to process and utilize vast amounts of data to generate desired outcomes. It makes you competent enough to devise real-world solutions to business problems.

It imparts how to leverage tools and statistics related to data analytics. Its curriculum includes topics like business fundamentals, technical skills, finance, accounting, marketing, human resources and management, international business relations, and management practices. It trains you in business fundamentals, the technical facets, and the soft skills needed to become a successful business leader.

MBA in Business Analytics Responsibilities

  • Running analysis on data retrieved from customers and utilising the same to enhance performance
  • Honing proficiency in data extraction and mining techniques to run extensive market research 
  • Using statistical analysis to prepare analytical reports 
  • Overseeing training processes to enhance sales and marketing endeavours

Offered Roles in the Market

Roles

Average Offered Salary
Business Intelligence Manager ₹1,627,784/ per annum
Data Scientist ₹894,126/ per annum
Senior Business Analyst ₹1,073,251/ per annum
Management Consultant ₹1,232,605/ per annum
Financial Advisor ₹417,286/ per annum

Top Recruiters in the Industry

  • Karvy
  • Deloitte
  • Edelweiss
  • Accenture
  • TATA Consultancy
  • Flipkart
  • Novartis
  • Capgemini 

10) MBA in Event Management

Pursuing MBA in Event Management gives an excellent opportunity to professionals who manage events that are organized on a large scale. Such events include seminars, conferences, symposiums, exhibitions, fairs, functions, festivals, etc.

You become eligible to organize all those events at the national level after completing this MBA course. It can be a sports event, literature festival, or Olympic event. So, MBA in Event Management presents great career scope both in the present and future.

It teaches you to recognize the targeted audience, create the event’s theme, communicate and endorse the event concept, estimate the cost, synchronize with the technical guidelines, effectively conduct the event, etc.

MBA in Event Management Responsibilities

  • Conceptualise and organise a variety of planned events such as political rallies, award shows, fashion shows and more
  • Overseeing budgeting for events
  • Assisting multiple teams across diverse domains, including logistics, branding, communication, sponsorship and more
  • Negotiating with clients and vendors
  • Obtaining client feedback for consistent improvement

Offered Roles in the Market

Roles

Average Offered Salary
Media Planner ₹409,756/ per annum
Creative Director ₹1,226,278/ per annum
Senior Event Manager ₹650,000/ per annum
Marketing Manager ₹683,749/ per annum
Production Manager ₹4,85,976/ per annum

Top Recruiters in the Industry

  • GlaxoSmithKline
  • Renault Nissan
  • Amazon
  • Groupm
  • HDFC Bank
  • Shipco Transport

11) MBA in Supply Chain Management

MBA specialisation in Supply Chain Management seeks professionals proficient in assimilating problem solving skills with analytical thinking to implement it on practical basis. This specialisation deals with overseeing and managing the flow of a good or service, right from its inception to delivering end product across businesses to reach its customers. 

With an SCM specialisation, candidates get to hone skills such as communication, data analytics, personnel management, business intelligence solutions, risk management and project management to effectively manage supply chain. Programs such as MBA or PGDM specialisation in Supply Chain Management and general Supply Chain Management certificate courses can fuel an individual’s growth towards improving the service process towards delivering better products and optimum service. 

MBA in Supply Chain Management Responsibilities

  • Extending logistics-related support to initiate fluent production process
  • Evaluating financial expenditures for improved budgeting
  • Sourcing raw material and ensuring optimum quality for the same
  • Managing both back-end and front-end processes such as product creation to smooth delivery

Offered Roles in the Market

Roles

Average Offered Salary
Industry Analyst ₹11,000,00/ per annum
Supply Chain Manager ₹908,345/ per annum
Procurement Analyst ₹396,141/ per annum
Inventory Analyst ₹417,730/ per annum
Production Planner ₹379,674/ per annum

Top Recruiters in the Industry

  • Adani Logistics
  • Infosys
  • Apollo Munich 
  • Amul
  • Grofers
  • Mahindra

Embark your MBA Journey with UpGrad

If you’re aiming to earn an MBA in the relevant programs, you can pursue upGrad’s Master of Business Administration program. It presents an excellent opportunity for working professionals and other individuals who want to transition to leadership and management roles.

It makes you eligible to handle large organisational responsibilities and significant decisions with the appropriate management tools. It imparts key skills like communication, leadership, critical thinking, strategic thinking, planning, and analytical mindset. You can select a specialisation from five options. The salient features of this course are 24×7 student support, global case study discussions, optional on-campus immersion, and interactive faculty.

What are the leading job roles available to MBA in Finance graduates?

Graduates with an MBA in Finance are demanded by employers owing to their expertise in financial management, knowledge of investments, and advanced analytical skills. The leading jobs available to these graduates are Financial Manager, Financial Analyst, Chief Financial Officer, Budget Analyst, and Corporate Controller.

How is a specialised MBA helpful?

A specialised MBA can provide you with targeted management experience if you are fascinated by a specific profession or industry. It provides you with a better edge than a general MBA program if you are already determined with the career trajectory that you aim to pursue after graduation.

Which MBA specialisation is best for consulting?

Strategic management and management consulting are the best MBA specializations for consulting professionals. The potential consultants can earn specializations in marketing, finance, or entrepreneurship.

How to choose an MBA specialisation?

Firstly, you need to make a list of your strengths and career objectives. Now try to align your MBA specialisation with these aspects. You also need to have a future perspective and know the business domains that are projected to grow in the future. Moreover, you need to check whether your chosen institute offers the MBA specialization you want to pursue.

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