Choosing the Right Field In The MBA Program

MBA is the most preferred master’s course after all the bachelor’s degrees in any field. Just because they are offered high packages, everyone is interested in these degrees.

The entrance to such programs requires some sort of tests in which the candidate has to appear before getting the admission. Further, there are many specializations in the MBA.

One has to choose among them and then accordingly take the final decision. The first year of the course is the same for all the fields, but the second year is different in terms of the field opted by the candidate.

Some of the top MBA specializations have been discussed as follows:

• Specialization in marketing: the theories of marketing are no longer relevant if not appropriately applied in the practical world. These must be updated from time to time. One must be well versed in the formulation of the marketing strategies and plans and analyzing the markets and the behavior of the consumers. People with excellent skills can change the fortune of the company by implementing the right quality of the strategies. After doing this, one can work with the top companies as marketing manager, public research specialist, sales representative, or market analyst.  The duration of the program is two years, and one must have a bachelor’s degree to apply for this. There is a standardized process that is to be performed to get the admission.
• Specialization in finance: finance is the blood of any organization. So one must be well versed with finance-related skills like where to procure funds and how to utilize them effectively. One must have some investment strategies, knowledge of mergers, and acquisitions after this program so that these can be implemented in real-life to be financially stable and achieve their own as well as organizational goals. One can work as an accounting manager, cash manager, treasurer, financial analyst, chief financial officer, investment banking associates, manager consultant, or as an insurance and risk management. This is also of 2 years, and one must have a bachelor’s degree to pursue this. The procedure also involves appearing for an interview, after which one will get a seat.
• Specialization in human resources: the most important task in an organization is to retain the employees and keep them satisfied. One has to deal with many issues like group dynamics, staffing, recruiting, etc. in these kinds of specializations.  The thing is that an HR manager should have the skill to attract talented people and make them work for the organization in which they are recruited. Ultimately all these work to increase the asset value of the human resources of an organization. One can work as a compensation manager, employee relations manager, staffing director, personnel manager, public relations manager, payroll specialist or as a technical recruiter. There is a huge demand in the corporate world for such skills.
• Specialization in business analytics: the above mentioned as the common ones, but there are some more specializations as well. The students of this course ought to know about marketing, statistics, data mining, operations research, computer-related skills, and many more topics. There is a massive demand for people who possess such skills. The people who can analyze the past performance and then predict the future accurately are highly demanded by all the organizations. One can work as a data analyst, data scientist, data mining expert, marketing analyst, social media analyst, etc. with the top class companies after doing this program. The eligibility and the procedure are the same as for all other specializations.
• Specialization in finance and investment banking: this is a sub-classification of the finance field with more specializations and expertise in the area. These people make use of the mathematical models and statistics to make the decisions in proper and due regard to the functions of the organization like investments, portfolio management, risk, and fund management. The eligibility and the procedure to apply are the same as in all the above-mentioned cases.
• Specialization in logistics and supply chain management: another important aspect of the firms is to ensure timely delivery of goods and services to ensure that the ultimate consumer is satisfied. These are ways to create value for customers. These are an integral part of any economy, and even the governments are supporting the upcoming startups in these fields. There has been a drastic improvement with the introduction of technological advancements and innovations. There has been massive growth, which has been witnessed in recent years in this sector. So it is a excellent opportunity for people to learn the skills related to this field so that they can be successful in the coming years. The eligibility and application procedure is the same for all the specializations.
• Specialization in artificial intelligence and data engineering: The artificial intelligence reduces human efforts and increases the efficiency by manifold. All the companies have to come to automating the tasks because there is no other option left for them. These will help them to make quick decisions so that there is a huge efficiency of the companies in their goal achievement.

All these programs are provided by the BML Munjal University, which is a HERO GROUP initiative and is named after the chairman and the founder of the hero group. They are engaged in providing the best of the skills to the students to make them competitive for the corporate world. They create skilled and ethical leaders. They provide world-class and innovative teaching methods to teach the students. Imperial College of London mentors this. The university has also collaborated with some of the best global universities like Kent state university and Berkeley University of California.  The collaborations ensure that students get the best of the learning experiences, which are modern and truly global. The main aim is to provide the holistic development of the students so that they perform the best where ever they go in future years to come. Also, the university has many industry partnerships to provide real-world exposure to the students. The main goal is to bridge the gap between the skills they have and the skills the industry requires.

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