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Aayushi
29 February, 2024
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Welcome explorers! Are you finding it difficult to sail through the wave of a career? If you are looking for a career in MBA then you have stumbled upon the right place.
Searching for the right subject and specialisation could be a handful of tasks. While deciding which university provides what course, the first step is to explore which subjects you would like to study that can transition your career path forever. Let’s explore the transitioning subjects and the choices.
An MBA coursework is two years in total. It is considered the most prestigious degree because it is not just a degree, it is a representation of skill enhancement in the job market.
The reputation of an MBA is considered one of the top in terms of the depths of business management and training of some of the top-known leaders all over the globe. It has a ticket to worldwide opportunities, enhanced skills, better job roles, greater packages and meaningful positions in the job market.
However, all of this depends on which subjects and specialisation you choose for your MBA.
You can pick and choose based on your interest, based on the job market demand and based on your budget for the specific specialisation.
Whatever you choose, you would have to be wise enough to take your career to the fifth gear of success. So, let’s press the accelerator of opportunities and options while we shift the gears swiftly through your journey of career exploration.
Before we ride towards exploring the subjects and the specialisations, it is important to understand what are the benefits of going for an MBA. Why is it important to pick the right specialisation?
Let’s take a look at the benefits of pursuing an MBA.
An MBA holds the compass in the right direction. It can guide you towards better job opportunities in the market. There are multiple job roles available for an MBA graduate throughout the globe. It just depends on which specialisation you pick. This is your chance to explore multiple roles starting from senior leaders to CEOs. All of the power to become the next leader is in your hands.
An MBA is not just a flex on your education. It is filled with projects, workshops and training to provide you with a diverse skill set that is required in the job market. It prepares you for various industries and sectors. It can train you to adapt to adapting to changing tides and market dynamics.
An MBA is not a solitary journey. It is filled with opportunities to connect. You are what you create for yourself. Networking is an essential part of your portfolio. Luckily, an MBA comes with all the packages of networking skills and opportunities.
An MBA journey is a lifetime opportunity for personal growth, learning the best of the best leadership qualities, resilience, and a global perspective. You will be trained to become the best self. You would be able to reflect your values. An MBA will provide you with improved confidence and social skills as well.
MBA specialisations offer a trunk full of opportunities which will allow you to explore the best out of all the treasured industries around the world. An MBA has specialisations for everyone, according to your interest, your career and your future career. This will allow you to become the best in any particular industry that you will pick.
Since, you have already gained some clarity about MBA specialisations, job roles and packages, we can explore some of the common subjects which are there in an MBA coursework. Remember, your subjects will depend on which specialisation you have picked. Here are some common subjects in MBA coursework:
MBA semester subjects are typically covered in each semester of an MBA programme, providing an overview of the curriculum structure.
Table: Semester Subjects
| Semester | Subjects |
| Semester 1 | Organisational Behaviour, Quantitative Methods, Managerial Economics, Marketing Management |
| Semester 2 | Management Accounting, Management Science, Financial Management, Data Science |
| Semester 3 | Market Research, Strategic Analysis, Legal Environment of Business, Entrepreneurship |
| Semester 4 | Elective MBA Subjects, Projects/Dissertation |
Core subjects form the foundation of an MBA programme, covering essential areas of business management and administration.
Table: Core MBA Subjects
| No. | Core Subjects |
| 1. | Accounting and Financial Management |
| 2. | Business Economics |
| 3. | Corporate Finance |
| 4. | Human Resource Management |
| 5. | Leadership and Entrepreneurship |
| 6. | Management of Change |
| 7. | Management Theory and Practice |
| 8. | Managing for Sustainability |
| 9. | Marketing Management |
| 10. | Research Methods |
| 11. | Strategic Management |
Elective subjects are offered to students for the opportunity to specialise in specific areas of interest within the MBA curriculum.
Table: Elective MBA Subjects
| No. | Elective Subjects |
| 1. | Accounting Systems and Processes |
| 2. | Advanced Studies in Industrial Relations |
| 3. | Auditing |
| 4. | Business and Corporations Law |
| 5. | Communication in Business |
| 6. | Corporate Finance |
| 7. | Current Developments in Accounting Thought |
| 8. | Customer Behaviour |
| 9. | Financial Accounting |
| 10. | Financial Accounting 2 |
| 11. | Financial Markets and Instruments |
| 12. | Financial Planning |
| 13. | Global Marketing |
| 14. | Human Resource Management |
| 15. | ICT Project Management |
Now that we have understood the different benefits of an MBA degree, let’s explore the top specialisations in MBA 2024. The top 10 MBA specialisations provide a look at the future of an MBA graduate – strong, and full of possibilities. However, choosing the right MBA programme still requires many steps, one of the steps includes salary package and job roles in these top 10 MBA specialisations. Let’s find out what suits you best for you including the specialisation, career opportunities and average pay scale.
Chart a course through the treacherous waters of financial management, mastering the art of budgeting, risk management, and investment strategies.
Hoist the flag of creativity and innovation as you navigate the seas of marketing strategies, brand management, and consumer behaviour.
Steers the ship of organisational harmony, fostering a culture of growth, talent acquisition, and employee development.
Set sail on a global voyage, mastering the intricacies of international trade, cross-cultural management, and global strategy.
Navigate the intricate web of supply chains, optimising efficiency from procurement to distribution, and ensuring smooth sailing for businesses worldwide.
Hoist the sails of technological prowess, as you navigate the ever-evolving seas of IT infrastructure management, cybersecurity, and digital transformation.
Steer the course of healthcare organisations, ensuring smooth operations, efficient patient care, and strategic management of resources.
Navigate the dynamic seas of the hospitality industry, managing hotels, restaurants, and tourism services with finesse and expertise.
Chart the course of successful project execution, managing timelines, resources, and stakeholder expectations with precision and skill.
Navigate the operational seas, ensuring efficiency and effectiveness in production, inventory management, and quality assurance processes.
Here are 05 quick ways to pick your subject and specialisation that connects with you:
Take a moment to reflect on what you want the journey to be. What are your passions, what do you want to explore more and what would fit the best for you for a lifetime of career? Consider how your past experiences have shaped your aspirations for the future.
Explore the different specialisations. When you are filled with curiosity, the best kick is to explore that curiosity. Explore the different kinds of leaders, and the specialisations of some of the best MBA alumni and discover what fits with you in this. Do not copy somebody’s idea and career path, explore what keeps you excited.
Once you pick your favourite specialisation, make a list of skills that you want to explore, does that specialisation provide personal and career skill enhancement chances? If yes, then it is the right choice for you. Follow the path that engines a sense of purpose and fulfilment within you.
Reach out to those who have walked the path before you. Connect with people who have completed their MBA, not just one person, multiple people with different backgrounds and specialisations. Ask for guidance and any advice from mentors, peers, and professionals in your desired field. This would help you to provide a border look at the MBA journey you want and make an informed decision.
Ultimately, once you find the right specialisation that fits the best with you, do not forget to check out the budget, faculty and projects provided by the university. Pick an accredited university with professionally educated faculty, this would help you with your skill enhancement, placement and career opportunities. Lastly, trust yourself and your inner compass to guide you towards the right specialisation. Choose the path that resonates deeply with your values, aspirations, and vision for the future.
Hey! You made it to the end! Congratulations! When picking an MBA specialisation, you are given multiple opportunities, and while deciding which specialisation works the best for you, can begin by considering which subjects you would like to study and explore. Remember, the journey will not feel long and exhausting once you pick the right subject and specialisation which fits the best with your interest, career and budget. Make a chart of your preferred coursework, specialisations and subjects and then pick what would contribute towards your career and personal growth. Embrace the journey of the known and unknown, and achieve endless possibilities.
