Top in-demand MBA Specializations in 2024

MBA (Master’s in Business Administration) is a highly demanded course. From working professionals to recent graduates, consider pursuing an MBA for better career opportunities, skill enhancement, promotion, and a secured job. In India and across the globe, more than 30 MBA specializations are available that offer students different career opportunities and learning. Selecting an in-demand, high-paying, best-suited MBA specialization to your qualification, interest, and future goal is essential.

In this blog, we have shared 5 best MBA specializations with details you can consider to pursue for high-paying job opportunities and future scope.

List of Best MBA Specializations For Future

1. MBA in Business Analytics

In recent decades, Data has become an integral part of businesses. Business analytics helps businesses extract valuable data from large databases, which ultimately helps the business prepare a strategy and action plan to achieve its goals and targets. An MBA in business analytics equips students with the business analytics skills that are highly demanded in today’s corporate world.

Why Choose MBA in Business Analytics?
  • MBA in Business Analytics graduates are among the highly paid professionals. 
  • As per US Bureau of Labor Statistics (BLS) the job market for management analytics will increase by 10% between 2022-2032. 
  • The salary for MBA in business analytics graduates can go up to 22 LPA in India.

Course Duration
2 Years 
Core Subjects
  • Big Data Analytics 
  • Financial Analytics 
  • Marketing Analytics
  • Analytics using R & Python 
  • Digital & Web Analytics
Top Colleges for MBA in Business Analytics
  • IIM Bangalore
  • Lovely Professional University
  • Dy Patil University
  • Symbiosis
  • MIT
Total Fees
INR 50, 000  to INR 25 Lakh
Career Scope
  • Business Analytics Manager
  • Data Analyst
  • Marketing Analyst
  • Operations Analytics
  • Supply Chain Analyst
  • Risk Analyst
  • Predictive Modeler
Salary Package
INR 1.9 LPA - INR 22 LPA

2. MBA in International Business Management

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.

Why Choose MBA in International Business Management?
  • Opportunity to work for MNCs, and get settled abroad. 
  • As per Bureau of Labour Statistics (BLS), the demand for international business graduates increases by 9% annually. 
  • The professionals receive lucrative packages from INR 5.5 LPA - INR 29.5 LPA

Course Duration
2 Years 
Core Subjects
  • Strategic Management and Business Policy
  • International Business Management
  • Business Leadership
  • Research Methodology
  • Legal Aspects of Business
Top Colleges for MBA in International Business Management
  • Indian Institute of Foreign Trade
  • SP Jain University
  • Manipal Academy of Higher Education
  • Amity University
  • BITS Pilani
Total Fees
INR 50, 000  to INR 20 Lakh
Career Scope
  • International Trade Manager
  • Global Operations Manager
  • Import Manager
  • International Relations Specialist
  • International Logistics Manager
  • Global Supply Chain Manager
  • Export Manager
Salary Package
INR 5.5 LPA - INR 29.5 LPA
Want to Learn about MBA in International Business in Detail, Tap here!

3. MBA in Information Technology

An MBA in Information technology is one of the best specializations for professionals interested in emerging technology and business management. The program is designed to combine learning about business and information systems, helping professionals combine business tactics with modern concepts of information security and project management.

Why Choose an MBA in Information Technology?
  • Modern-age MBA programme
  • Demand for MBA in Information technology is increasing annually by 13%. 
  • The salary for MBA in IT graduates ranges from 4 LPA to 30 LPA

Course Duration
2 Years 
Core Subjects
  • Enterprise resource Planning 
  • Information Security 
  • Business Intelligence Tools 
  • Project Management 
  • Emerging Technologies in Finance
Top Colleges for MBA in Information Technology
  • Institute of Management Technology, Ghaziabad
  • JAIN University 
  • Great Lakes Institute of Management, Chennai
  • IIM, Kashipur
  • NIT, Tirchi
Total Fees
INR 47, 000  to INR 20 Lakh
Career Scope
  • IT Manager
  • IT Director
  • Program Manager (IT)
  • Computer & Information System Manager
  • Chief Technology Officer
Salary Package

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. 
  • By 2030, the market of data analytics/scientists will be worth $484.17 billion at a CAGR of 29%. 
  • Entry level salary for MBA in data science graduates is 4.7 LPA.

Course Duration
2 Years 
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 Bengaluru 
  • IIM Calcutta 
  • 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

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. 
  • AI & ML is Lucrative and emerging field. 
  • The graduates in MBA in Artificial Intelligence & Machine Learning get salary packages starting from 6 LPA.

Course Duration
2 Years 
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 University 
  • SRM Institute of Science and Technology 
  • Amity University  
  • SP Jain School of Global Management
Total Fees
INR 3 LPA to 6.5 LPA
Career Scope
  • Machine Learning Engineer  
  • Data Engineer  
  • AI Software Engineer 
  • AI DevOps Engineer  
  • Robotics Engineer  
  • Computer Vision Engineer 
  • Natural Language Processing (NLP) Engineer 
  • AI Solutions Architect
Salary Package

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. 
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. 
  • MBA in Logistics and Supply Chain Management also offer careers at national and international levels

Course Duration
2 Years 
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 University 
  • Pondicherry University
  • Andhra University 
  • Parul University 
  • 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? Tap here!

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. 
  • Wide career opportunities 
  • According to the GMAC survey, companies place 38% and 47% of new hires into operation roles.

Course Duration
2 Years 
Core Subjects
  • Services Operations Management  
  • 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 Research 
  • UPES 
  • Manipal University 
  • 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
Learn About MBA in Operation Management in Detail!

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. 
  • High-paying job roles at prestigious positions. 
  • According to statistics, the media revenue is projected to reach US$1,615.00 billion in 2024.

Course Duration
2 Years 
Core Subjects
  • Managerial Communication 
  • Principles & Practices of Management 
  • Organization and Management of Media 
  • Media Law and Ethics
Top Colleges for MBA in Media Management
  • Makhanlal University 
  • Symbiosis Institute of Media and Communication 
  • IIM Udaipur 
  • 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

9. MBA in Healthcare Management 

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. 
  • The course offers a variety of career options in different industries.  
  • According to the Bureau of statistics, the projected demand for healthcare managers will increase by 28% from 2022 to 2032.

Course Duration
2 Years 
Core Subjects
  • Healthcare Environment & Management
  • Health care Laws, Ethics and Medical Terminology
  • Purchase Management & Inventory Control for Hospitals
  • Hospital Facilities Management 
  • Hospital Information System 
  • Total Quality Management   
  • Public Health System & Outreach Programmes
Top Colleges for MBA in Healthcare Management
  • Symbiosis Institute of Health Sciences
  • Manipal University 
  • K.J Somaiya Institute Management 
  • National Forensic Science University 
  • 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

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-employment 
  • According to Mordor Intelligence, by 2029, the India event and exhibition market will be USD 7.80 billion, opening a wide opportunity for graduates. 
  • 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 Years 
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 University 
  • Amity Global Business School
  • PIMR
  • Sage University 
Total Fees
INR 2 LPA to 15 LPA
Career Scope
  • Corporate Event Manager
  • Social Event Manager 
  • Event Manager
  • Hospitality Manager
  • Event Coordinators
  • Event Supervisors
  • Event Legal Executives
Salary Package

Apart from the above, other MBA specializations include entrepreneurship, investment management, innovation management, logistics and supply chain management, healthcare management, etc.

How to Choose MBA Specialization?

You can consider various factors while selecting an MBA specialization, including:

1. Your Future Goal: Consider what you want to achieve with your MBA specialization. 
2. Your Strength: Another thing to consider during MBA specialization is your strengths. For instance, if you’re good in Mathematics and statistics and know the basics of programming language, an MBA in data science can be the best option.  
3. Your Interest: Your interest matters a lot when it comes to finishing a course and utilizing its learning in your real life. While selecting an MBA specialization, you must consider your interest. 
4. Your Current Work or Experience: Your current work or experience helps you understand concepts more effectively by connecting them with real-life learnings. 

You can also consider course availability, budget, and other factors while selecting the MBA specialization. 

How to Pursue MBA - Regular/Online/Part-time/ Distance?

You can pursue regular, online, part-time, or distance MBA courses at your convenience. If you're a recent graduate considering post-graduation after your bachelor's, you can choose a regular MBA program and specialization. However, distance, online, and part-time MBA can be good options if you're employed or have start-ups. In a part-time MBA, you might be required to visit a college/university in the evening to attend classes. Distance MBA will be self-paced, meaning you must study independently with course materials.

Moreover, there is an online MBA program where you will receive proper guidance, live classes, recorded videos, and more. Further, you can enroll in executive MBA programs tailored exclusively for working professionals. The duration of an executive MBA can be 12 to 18 months. 

If you're considering an online or distance MBA, You can connect with Edukyu. Edukyu is an online free consulting service. We will assist you in choosing the MBA specialization that is well aligned with your career goal, finding the best colleges for education, and gaining hassle-free admission to online MBA programs. 
With over 5 years of experience, 54 awards, and 99% satisfied students and working individuals, Edukyu is one of the leading online MBA consultancy services. Top MBA specializations you can take admission in with us:

  • MBA in Analytics and Data Science
  • MBA in Artificial Intelligence & Machine Learning
  • MBA in Business Analytics Management
  • MBA in Fintech Management
  • MBA in Operations Management
  • MBA in Marketing Management
  • MBA in Business Management
  • MBA in Retail Management
  • MBA in Block Chain Management
  • MBA in Hospital Administration & Healthcare Management
Want to know how we can help you? Contact us!

FAQs Related to MBA Specialization 

Which MBA field has the highest salary?

MBAs in Banking and finance, AI and ML, and Hospital management are some of the recognized MBAs for high-paying job roles. 

Which is the toughest Specialization in an MBA?

MBA in operations management and blockchain management are considered the toughest specializations.

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