In today's world, when borders don't restrict the business. Businesses spread around the globe. Multinational companies often require a professional who is well-versed in global business management. An MBA in international management helps you acquire the skills necessary to understand the global economy, cultural differences, and business world needs. Professionals with an MBA in business management receive prestigious job opportunities with high salary packages.
4. MBA in Data Science
Like an MBA in business analytics but with a much broader learning opportunity, an MBA in data science is another popular specialization. The course allows students to learn relevant skills to work with data and extract valuable insights from it. Different universities offer courses with different names and little change in curriculum. MBA in data science in colleges is offered as an MBA in data and analytics, an MBA in big data analytics, etc.
Why Choose an MBA in Data Science?
- As per BLS, employment of data scientists is estimated to grow 35 percent in between 2022 to 2032.Â
- By 2030, the market of data analytics/scientists will be worth $484.17 billion at a CAGR of 29%.Â
- Entry level salary for MBA in data science graduates is 4.7 LPA.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Data Mining
- Text Mining
- AI for Business
- Web and Social Media Analytics
- Data Visualization
- SQL for Data Science
|
Top Colleges for MBA in Data Science
| - IIM BengaluruÂ
- IIM CalcuttaÂ
- Great Lakes Institute of Management, Chennai
- Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi
- ISB Hyderabad
|
Total Fees
| INR 40,000 - INR 10 Lakh |
Career Scope
| - Data Analyst
- Marketing Analyst
- Analytics Manager
- Database Manager
- Quantitative Analyst
- Predictive Modeler
- Business Intelligence Analyst
|
Salary Package
| INR 4.7 LPA - INR 9 LPA
|
5. MBA in Artificial Intelligence and Machine Learning
The world is leading in artificial intelligence and machine learning. It’s modifying every sector, from healthcare and education to finances. Pursuing an MBA in Artificial intelligence and machine learning provides you the opportunity to build your career in this emerging field. The AI & ML MBA specialization is one of the best MBA specializations after a bachelor’s in engineering, IT, or computer applications.
Why Choose an MBA in AI and ML?
- According to Accenture, 84% of C-suite executives require AI learning to achieve their growth objectives.Â
- AI & ML is Lucrative and emerging field.Â
- The graduates in MBA in Artificial Intelligence & Machine Learning get salary packages starting from 6 LPA.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Basics of Artificial Intelligence & Machine Learning
- Machine Learning
- Performing Analytics with Python
- Statistics & Quantitative Techniques
- Business Intelligence
- R-Programming for Data Analysis and Visualization
|
Top Colleges for MBA in Artificial Intelligence & Machine Learning
| - DY Patil UniversityÂ
- SRM Institute of Science and TechnologyÂ
- Amity University Â
- SP Jain School of Global Management
|
Total Fees
| INR 3 LPA to 6.5 LPA |
Career Scope
| - Machine Learning Engineer Â
- Data Engineer Â
- AI Software EngineerÂ
- AI DevOps Engineer Â
- Robotics Engineer Â
- Computer Vision EngineerÂ
- Natural Language Processing (NLP) EngineerÂ
- AI Solutions Architect
|
Salary Package
| INR 6 LPA - INR 17 LPA
|
6. MBA in Logistics and Supply Chain Management
An MBA in logistics and supply chain management nurtures the students' analytical skills, decision-making capabilities, and management methods required for the movement of products and services. The students learn to utilize inventory, customer service, warehouse, and storage and play pivotal roles in supply chain management.Â
The logistics and supply chain management MBA programme offers diverse career options, and demand for them is rapidly increasing due to business expansion at national and international levels.
Why Choose an MBA in Logistics and Supply Chain Management?
- According to Statista, the Indian logistics market would grow to 563 billion dollars in 2030 at a compound annual growth rate (CAGR) of 9.4%.
- The MBA programme offers professional diversity, as supply chain management is important in various sectors, such as shipping, construction, transportation, retail, warehousing, oil and gas, and raw material supply.Â
- MBA in Logistics and Supply Chain Management also offer careers at national and international levels
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Distribution Management for Global Supply Chain
- Applied GIS & Spatial Data Analytics
- Port and Airport Management for Logistics
- Supply Chain Softwares
- International Logistics and Management
- Containerization & Multimodal Transport
- Supply Chain Risk Modeling & Management
|
Top Colleges for MBA in Logistics & Supply Chain Management
| - Manipal UniversityÂ
- Pondicherry University
- Andhra UniversityÂ
- Parul UniversityÂ
- Lovely Professional University
|
Total Fees
| INR 3 LPA to 24 LPA |
Career Scope
| - Supply Chain Manager
- Warehouse Manager
- Supply Chain Analyst
- Strategic Sourcing Manager
- Supply Chain Consultant
- Purchasing Manager
- Procurement Manager
|
Salary Package
| INR 3 LPA - INR 29.1 LPA |
Want to Know About MBA in Logistics and Supply Chain Management in Detail?
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7. MBA in Operations Management
Operation management is another top MBA specialization to pursue in 2024. It involves utilizing resources like staff, materials, equipment, technology, and more for various tasks like product design, strategic planning, project management, and more. By pursuing the programme, you can be an operation manager, Operations Research Analyst, Distribution Manager, Production Manager, Procurement Manager, Logistics Manager, Warehouse Manager, etc.
Why Choose to Pursue MBA in Operations Management?
- Opportunity to work with new technologies.Â
- Wide career opportunitiesÂ
- According to the GMAC survey, companies place 38% and 47% of new hires into operation roles.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Services Operations Management Â
- Supply Chain Management
- Planning & Control of Operations
- Inventory Management
- Strategic Management
- Decision Science
- Enterprise Performance Management
- Indian Ethos & Business Ethics
|
Top Colleges for MBA in Operations Management
| - International School of Management and ResearchÂ
- UPESÂ
- Manipal UniversityÂ
- Jain University
|
Total Fees
| INR 3 LPA to 20 LPA |
Career Scope
| - Supply Chain Executive
- Senior Project Manager
- Purchasing Manager
- Procurement Specialist
- Operations Manager
- Operations Analyst
- Logistics Manager
|
Salary Package
| INR 3.1 LPA - INR 20.1 LPA |
8. MBA in Media Management
Today, the world is led by information. Media management helps meet the needs of creativity and technology within the business. In the course, you learn how public relations, advertisement, and sponsorships work. News and entertainment channels and digital media agencies usually hire MBA in media management graduates for expansion. The MBA program offers a lucrative career in the glamorized world with the scope of working in managerial positions.
Why Choose an MBA in Media Management?
- Opportunity to work in television, radio, film production houses, etc.Â
- High-paying job roles at prestigious positions.Â
- According to statistics, the media revenue is projected to reach US$1,615.00 billion in 2024.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Managerial CommunicationÂ
- Principles & Practices of ManagementÂ
- Organization and Management of MediaÂ
- Media Law and Ethics
|
Top Colleges for MBA in Media Management
| - Makhanlal UniversityÂ
- Symbiosis Institute of Media and CommunicationÂ
- IIM UdaipurÂ
- Manav Rachna International Institute of Research and Studies
- MICA Ahmedabad
|
Total Fees
| INR 60,000 to 21 LPA |
Career Scope
| - Media Strategist
- Marketing Analyst
- Media Manager
- Media planning Manager
- TV Producer
- Digital Media Assistant
- Marketing Analyst
|
Salary Package
| INR 4 LPA - INR 25 LPA |
9. MBA in Healthcare ManagementÂ
Healthcare is another evergreen sector. Pursuing an MBA in healthcare management opens doors for various opportunities, such as hospital management, pharmaceutical businesses, a variety of operations management in hospitals, and more. Healthcare management professionals receive the highest salary packages compared to numerous specializations.
Why Choose an MBA Specialization in Healthcare Management?
- The healthcare sector is evergreen and exponentially increasing.Â
- The course offers a variety of career options in different industries. Â
- According to the Bureau of statistics, the projected demand for healthcare managers will increase by 28% from 2022 to 2032.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Healthcare Environment & Management
- Health care Laws, Ethics and Medical Terminology
- Purchase Management & Inventory Control for Hospitals
- Hospital Facilities ManagementÂ
- Hospital Information SystemÂ
- Total Quality Management Â
- Public Health System & Outreach Programmes
|
Top Colleges for MBA in Healthcare Management | - Symbiosis Institute of Health Sciences
- Manipal UniversityÂ
- K.J Somaiya Institute ManagementÂ
- National Forensic Science UniversityÂ
- Apollo University
|
Total Fees
| INR 6 LPA to 12 LPA |
Career Scope
| - Public Health Manager
- Healthcare Information Manager
- Hospital Administrator
- Management Consultant
- Physician Relations Manager
- Health Program Director
- Healthcare Consultant
- Clinic Coordinator
|
Salary Package
| INR 5 LPA - INR 20 LPA |
10. MBA in Event Management
If you have a zeal for organizing events and making things memorable for everyone, the Event management MBA specialization is the go-with course for you. In event management, you join a job, start your own business, and charge according to events. In India, various events are organized each year, like weddings, festivals, success parties, business get-togethers and more, giving you an opportunity to expand your career.
Why Choose MBA in Event Management?
- Various career opportunities and chances for self-employmentÂ
- According to Mordor Intelligence, by 2029, the India event and exhibition market will be USD 7.80 billion, opening a wide opportunity for graduates.Â
- India is the hub of events, festivals and occasions to celebrate, giving a great edge from tier 1 city to 3 or 4.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Event Concepts & Designing
- Budgeting & Costing of Events
- Event Laws & Licenses
- Event Logistics & Risk Management
|
Top Colleges for MBA in Event Management | - Dy Patil UniversityÂ
- Amity Global Business School
- PIMR
- Sage UniversityÂ
|
Total Fees
| INR 2 LPA to 15 LPA |
Career Scope
| - Corporate Event Manager
- Social Event ManagerÂ
- Event Manager
- Hospitality Manager
- Event Coordinators
- Event Supervisors
- Event Legal Executives
|
Salary Package
| INR 0.3 LPA - INR 7 LPA |
Apart from the above, other MBA specializations include entrepreneurship, investment management, innovation management, logistics and supply chain management, healthcare management, etc.
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5 Popular MBA Specializations in India
If you’re looking for some popular MBA specializations in India, here are the top 5. These are known for higher demand, decent salaries, and managerial positions.Â
1. MBA in Finance
MBA in Finance is one of the most popular MBA specializations in India. The course trains individuals to manage accounts, finances, investments and more. This MBA specialization is provided in most MBA colleges and universities in India.Â
Course Duration
| 2 YearsÂ
|
Core Subjects
| - International Business
- Financial Institution and Financial Markets
- Customer Relationship Management
- Investment Strategy & Portfolio Management
- Cost & Management Accounting
|
Top Colleges | - DY Patil UniversityÂ
- IIM Calcutta
- BITS PilaniÂ
- Chitkara UniversityÂ
- IMT Ghaziabad – Institute of Management Technology
|
Average Fee Range | INR 1 Lakh to INR 27 LPA |
Career Scope
| - Corporate Finance Manager
- Financial Planner
- Financial Analyst
- Credit Analyst
- Private Equity Analyst
- Financial Risk Manager
- Investment Banker
|
Expected Salary
| INR 0.2 LPA to INR 20 LPAÂ
|
2. MBA in Human Resource Management
Human resource management is another popular specialization among aspiring MBA candidates. This two-year specialized degree program helps students excel in talent acquisition and management. It provides guidance and direction to students in managing human resources.Â
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Organizational Development and Change
- Human Resource Accounting
- Compensation Management
- Human Resource Information System
- Global HR Practices\
- Human Resource Development
- Performance Management
|
Top Colleges | - DY Patil UniversityÂ
- Jain Deemed to-be UniversityÂ
- Lovely Professional UniversityÂ
- Amity UniversityÂ
- Manipal UniversityÂ
|
Average Fee Range | INR 5 LPA to INR 25 LPA |
Career Scope
| - Human Resources Manager
- Learning and Development Manager
- Employee Relations Manager
- Compensation and Benefits Manager
- Organizational Development Manager
- HR Consultant
- Diversity and Inclusion Manager
|
Expected Salary
| INRÂ 2.8 LPA to INR 18.7 LPAÂ
|
3. MBA in Marketing Management
This two-year MBA specialization trains students about consumer behavior, understanding the target audience, their needs, desires, buying capacity and more. MBA in Marketing is a highly sought-after MBA specialization in India.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Consumer Behaviour
- Marketing Research
- Industrial Marketing
- Logistics and Supply Chain Management
- Retail Marketing
- Rural Marketing
- Services Marketing
- Advertising & Sales Promotion
- Customer Relationship Management
- Global Marketing
|
Top Colleges | - Shoolini UniversityÂ
- Lovely Professional UniversityÂ
- Jain UniversityÂ
- Manipal UniversityÂ
- Uttaranchal UniversityÂ
|
Average Fee Range | INR 12,000 to INR 12 LPA |
Career Scope
| - Marketing Associate
- Brand Manager
- Marketing Manager
- Product Marketing Manager
- Digital Marketing Manager
- Marketing Specialist
|
Expected Salary
| INR 3 LPA - INR 10 LPA
|
4. MBA in General Management
If you’re not sure of a particular field and want to broaden your scope, an MBA in general management is the right course. The course covers every aspect of management, including finance, HR, accounts, marketing, etc. You can find general management MBA programmes in numerous colleges.
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Financial Management
- Marketing Management
- Human Resources Management
- Operations Research and Management
- Performance Management
- Investment and Portfolio Management
|
Top Colleges | - Pondicherry University
- London Met Online University
- Jain UniversityÂ
- Indian Institute of Management
- Indian School of Business (ISB)
|
Average Fee Range | INR 20,000 to INR 5 LPA  |
Career Scope
| - Marketing Manager
- Market Research Analyst
- Business Analyst
- Sales Management
- Investment Banking
|
Expected Salary
| INR 7 to INR 12 LPA
|
5. MBA in Project Management
An MBA in project management helps you gain industry-level skills for managing projects. In the first and second semesters, you learn about general subjects like finance, accounts, marketing, and business. Afterwards, in the third and final semesters, you gain the knowledge associated with project management.Â
Course Duration
| 2 YearsÂ
|
Core Subjects
| - Project Risk Management
- Project Planning and Scheduling
- Project Finance and Budgeting
- Project Quality Management
- Contracts Management in Projects
|
Top Colleges | - MIT UniversityÂ
- Manipal UniversityÂ
- Lovely Professional UniversityÂ
- Parul UniversityÂ
- Amity UniversityÂ
|
Average Fee Range | INR 6 LPA to INR 12 LPA |
Career Scope
| - Project Manager
- Portfolio Manager
- Project Risk Manager
- Project Scheduler
- Project Coordinator
- Contract Manager
- Agile Project Manager
|
Expected Salary
| INR 5 LPA to INR 30 LPA
|
Dual MBA Specialization in India with Broader Career Scope
For broader career prospects and opportunities, you can pursue dual MBA specialization in India. Here is the top dual specialization with demand, salary range, fees and top colleges.Â
1. MBA in Logistics and Supply Chain ManagementÂ
If you’re interested in being part of supply chain management. The dual MBA specialization in Logistics and supply chain management can be the best course. This course trains you to manage the flow of raw and manufactured goods across the business chain.
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