Many students choose an MBA because they want to become entrepreneurs and learn how to run a successful business. They have an idea and a big dream and want to know how to turn them into reality. An MBA programme will help you acquire the knowledge and business practices that are needed to start a new business or help an existing business grow and develop. Due to their qualification, graduates of an MBA program have higher chances of obtaining and holding a high-level management position. More than 50% of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary, but also higher responsibilities and longer working hours.
List Of The Most Popular MBA Specialisations
1. Marketing
Marketing is a discipline that is crucial for the function of any organization. However, marketing continues to be a support function. Sales and production continue to be the leaders in most organizations. The scope of MBA in marketing is very good in today’s market trend. MBA in marketing is one of the oldest disciplines of management study. If you are interested in the entertainment, media, promotions, advertisement, sales and general management field, then this MBA specialization is appropriate for you. Marketing is the heart of any organization. The trend of marketing has changed and augmented with the technological evolution in the world.
2. Finance
Students pursuing an MBA in Finance gain the business and financial skills needed to work in a number of enterprises. They often have access to top-notch internship opportunities while still in school, and they generally command better positions and higher salaries upon graduation. Many MBA programs are offered on a part-time basis, making them accessible for working professionals.
3. Human Resources
Working toward a Human Resources MBA can give business professionals more opportunities and content expertise in many areas of HR such as training, employee relations, compensation, and strategy. At this level, individuals learn in-depth information that applies to the industry they work in or wish to work in at some point in the future. Most important, an MBA with an HR focus can help you pursue the senior manager track, if that is one of your career goals.
4. Information Technology
With a growing number of businesses either adding an Internet presence or providing strictly online sales, an MBA in Information Technology program gives entrepreneurs a greater understanding into management of people, e-commerce, and security. Starting a new business requires skills available through MBA programs, and in the modern technology-based world, knowing how to plan a system’s infrastructure at the outset can lead to smoother future growth.
5. Entrepreneurship
An MBA in entrepreneurship is built around helping you to create and implement startups and new ventures. In many ways, having a preformed startup in mind is like having a specific position at a company as your post-MBA goal. While it can be helpful, you might just find that your MBA takes your preconceived notions and rips them to shreds.