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MBA with Dual Specialisation: The Power Duo for Career Growth

mba with dual specialisation

There is a saying in the corporate world: “The more versatile you are in the corporate environment, the more options you will have.” 

In the current scenario, people who are equipped with multiple talents are more acceptable. MBA with dual specialisation can help you explore your talents as it comes with multiple benefits. It expands career opportunities because it offers two specialisations inside a single programme. Students will, therefore, be certified and well-equipped with knowledge in two different domains at once. This enables you to tackle critical situations, gain insights into the business challenges and understand the limitations & strengths of each aspect.

It is always great to acquire expertise in more than one subject, and now, the education system has understood the importance of the same. It is important to choose an area of interest along with your capability to excel in that area.

But before beginning, what exactly is an MBA with Dual Specialisation? Let us discover more about MBA with dual specialisation, its features, benefits, colleges, eligibility and more:

What is an MBA with Dual Specialisation?

An MBA with dual specialisation provides students with the unique advantage of focusing on both business and management at the same time.  It is an exceptional opportunity for people aspiring to pursue their post-graduation in business administration. This dual specialisation has many beneficial features including enhanced skills, projects, and higher packages.

There are many options to choose from when it comes to MBA specialisations. Making an informed choice based on factors such as prior experience, personal interests, involvement in projects, internship opportunities, and the prospects for future placement ensures a tailored and rewarding educational journey.

Benefits of MBA with Dual Specialisation

Opting for a dual MBA offers a multitude of advantages, placing individuals in the spotlight for possessing an expanded skill set and advanced knowledge. Beyond the academic aspect, a dual MBA unfolds several benefits worth exploring:

1. Multiply Networking

According to a  LinkedIn survey, 85% of job placements are facilitated through networking.  The importance of networking is beyond just building and keeping up professional relationships. MBA, as a course, has many layers of benefits in itself including the wide experience and skill sets which are introduced during the coursework. When you select a dual MBA coursework, you create a better networking hub for yourself. The significance of networking extends beyond professional relationships, offering a continuous avenue for discovering new opportunities throughout one’s MBA journey and beyond.

2. Enhanced Skills

MBA has many skills introduced in the coursework. However, what makes a dual MBA the big deal is that it has room for improvement which may be lacking in the mainstream MBA programmes. In dual MBA programmes, you will be introduced to a new realm of skills. From basic to expertise levels including Management Skills, Business Administration, Data Visualisation, Analytical skills, Financial Literacy, Marketing Skills, Strategic Thinking, and Business Acumen.

3. Stand Out: Higher Job Marketing

The fact that the market is always changing is something we all know. The market can prefer the one with the acumen you might lack.  By carefully choosing your area of expertise, you may maximise your earnings from these marketing trends. You can pick one area which is most in trend while the other is your interest. This would highlight your resume out of all the others. The recruiters are always in search of someone who has expertise in more than one specific field. A dual MBA is the right choice for becoming the right catch.

4. Career Flexibility

With dual specialisation, you will have countless opportunities for job growth. It is relevant everywhere. You will gain knowledge and skills in two different fields which will increase your application opportunities. People enrolled in dual-specialisation MBA programmes are more efficient at working and excelling in a variety of professional tasks. Therefore, the approach of selecting a dual MBA allows for shifting jobs when new opportunities arise. It would keep you ever growing in the field of business and administration.

5. Higher Income

A dual MBA brings a bag full of opportunities. It is like Christmas for career growth. When you select your MBA in dual specialisation, it increases your placement opportunities. Moreover, it brings a higher income package. In light of the rapid changes in industries, the prospects available to individuals with a dual MBA have significantly changed. After earning an MBA, the highest-paying jobs in India usually pay between Rs. 4,00,000 and Rs. 32,00,000 a year, depending on the candidate’s experience level and industry preference.

6. Job Security

The stability of employment in the future is currently quite questionable. Students always examine “Job Security,” the most crucial aspect of a career, when calculating their post-graduate degree alternatives. A dual specialisation MBA provides job security against all odds. You can take advantage of the best aspects of both worlds by selecting two specialisations. You can work towards your dream career while also applying information from other fields to enhance your output.

Top Distance and Online MBA Colleges with Dual Specialisation

Distance and Online MBA allows working professionals to resume their education and study from anywhere around the world with pocket-friendly options. Now that we have discovered many benefits of a dual MBA, let us discover the different Online MBA options for dual MBA courses. Here is a table for dual MBA courses:

College Name Fees (INR)
XIBMS ₹ 60,900
University of Mysore ₹ 68,625
Jain (Deemed-to-be University) ₹ 1,70,000
Jaipur National University ₹ 1,94,555
IICT ₹ 28,999
IMTS ₹ 60,000 to ₹ 2,80,000

Eligibility for MBA with Dual Specialisation

The eligibility of each college may differ. But most commonly the eligibility for an MBA with dual specialisation has:

  • Bachelor’s degree:

    You must hold a bachelor’s degree in any discipline from a recognised university, typically with a minimum GPA of 50-55%.

  • Entrance exams:

    Scoring well on standardised management entrance exams like CAT, XAT, GMAT, or NMAT is usually mandatory. Specific score requirements may vary depending on the program and university.

  • Work experience:

    While not always mandatory, some programmes might require 2-5 years of work experience in a relevant field for admission consideration.

  • English language proficiency:

    If your bachelor’s degree wasn’t in English medium, you may need to submit standardised English language test scores like TOEFL or IELTS.

  • Strong academic record:

    Good academic performance throughout your undergraduate studies is generally valued.

  • Recommendation letters:

    Recommendation letters run a longer race for a better-secured future. Some of the best institutes require letters of recommendation. You can ask for a letter of recommendation from your faculty, alumni and your managers.

MBA with Dual Specialisation vs MBA with One Specialisation

There is a high demand for people who can manage multiple skilled tasks. Dual specialisation courses help students become more skilled and more employable in today’s competitive job market by imparting the knowledge and abilities of two fields combined.

The fact that students can only focus on one specialisation within a single specialisation course—finance management or marketing management—will limit future career choices and placements for them.

Top Recruiting Companies for Dual MBA Specialisation

Here is the list of the top 10 recruiting companies which are actively looking for candidates with dual specialisation. As the market grows, there is a need for professionals who have skills in more than one specific area.

Here is the list of top 10 recruiters for dual MBA specialisation:

Company Name Industry Estimated Average Starting Salary (INR)
McKinsey & Company Consulting 25-30 Lakhs
Boston Consulting Group (BCG) Consulting 24-28 Lakhs
Bain & Company Consulting 23-27 Lakhs
Amazon Technology 20-25 Lakhs
Flipkart E-commerce 18-23 Lakhs
Hindustan Unilever Limited (HUL) FMCG 16-21 Lakhs
ITC Limited FMCG 15-20 Lakhs
Tata Consultancy Services (TCS) IT Services 14-18 Lakhs
Reliance Industries Limited (RIL) Conglomerate 13-17 Lakhs
Aditya Birla Group Conglomerate 12-16 Lakhs

Scope of MBA with Dual Specialisation

Your career trajectory will definitely be enhanced by a Dual MBA. However, it all depends on the speciality you select. With an MBA in dual specialisation, you will have invaluable career opportunities that will help you develop your ideas, accomplish your main corporate administration objectives, and outperform the competition.

Conclusion

Nowadays, the job market has become a massive competition for skills and knowledge. In this, a dual MBA programme works as a charm for a better future, better skills, better income and whatnot. A dual MBA is becoming more and more important as the times change.

Having a dual MBA degree will help you to succeed in the extremely competitive Indian and International business markets. Depending on your preferences, you can choose from many subjects in a Dual MBA programme. If you decide to pursue two different specialisations, you will have several opportunities and career alternatives. You would be able to choose from a range of fields to see which ones would suit your interests the most.

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