What is MBA?
Master of Business Administration, an internationally recognized degree was designed to develop the skills required for careers in business and management. Studying an MBA program lets you build a great network of professionals and rigorously test yourself with the newest problem solving skills.
A typical two year MBA program has its focus on all management subjects in the first year and specialization in its second year.
Below are the most common MBA specializations:
- Finance: Finance is the most oldest and popular form of MBA. An MBA in finance prepares students in subjects such as banking, costing, budgeting, management accounting .The concentration in Finance provides its aspirants with strategical and technical management skills. A graduate of MBA in Finance gets involved in investment banking, corporate and international finance, institutional finance, merchant banking, etc.
- General Management/Strategy: The most common form of MBA program is the General Management Program. It focuses on providing you with a general business administration insight and preparing the student for a managerial position. A traditional MBA program focuses on both internal operations and external relations. One can expect to learn about marketing, finance, IT and operations depending upon the individual program.
- Marketing: A degree in MBA specialized with marketing enhances a candidate, skills in the fields of Marketing, PR, Advertising. To excel in marketing, one needs to have excellent communication skills and resource mobilization skills.
- Operations: Operations Management is in charge of designing, managing and tracking various processes. An operations manager learns how to maintain process flows and develop interpersonally and vendor relationship.
- Human Resource Management: To develop a career in HR and/or strategy, students opt for MBA in Human Resource. Specialization in HR teaches the candidates the skills needed to bring together and retain a workforce. Right from the initial recruitment to training and development the HR takes care of everything.
- Supply Chain Management: This specialization being a subset of operations focuses on the flow of goods and services. Candidates holding a supply chain management degree also look into warehousing, inventory management, and transportation.
- Information technology: Specialization in IT educates and develop managers who can efficiently plan, manage, design and administer the ever-growing information and communication technologies. IT graduates typically design and maintain hardware and software solutions for the business.