Specialised MBA: A Growing Trend Among Students
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MBA aspirants are often confused about choosing between General MBA and specialised MBA. To guide students,  Dr. G. Revathi, Dean – Academics and Professor of HR at Loyola Institute of Business Administration (LIBA) Chennai writes an exclusive column for Careers360. In this column, Dr. Revathi shares insights about the significance of choosing the right specialisation, some of the top specialised MBA programmes and management institutes offering them. She also mentions the career opportunities one can opt for along with the probable challenges.

Read the full column by Dr. Revathi below.

 

The conventional Master of Business Administration degree that most of us are familiar with, is a General MBA with specialisations in specific business functions like Finance, Marketing, HR etc. On the other hand, a Specialised MBA is a management degree that is focused on an industry sector (E.g., Aviation or Oil & Natural Gas), a field of work (E.g., Industrial Engineering or Analytics), or like the General MBA, on a business function (E.g., Finance or Operations).

 

Also, in a General MBA the number of credits for a specialisation or area of concentration would be much less than in a Specialised MBA programme. For instance, at the Loyola Institute of Business Administration (LIBA), Chennai, students need to have a total of 135 credits, of which the minimum number of credits required for a specialisation such as Marketing or Operations is only 15; even for Business Analytics, a new area of concentration introduced this year in collaboration with Tata Consultancy Services, students need only 24 credits to specialise. (A credit is the equivalent of 10 hours of class.)

 

In contrast, in a Specialised programme the bulk of courses would concentrate on the area of specialisation, while the remaining papers (both core and elective) would be from other areas and thus ensure General Management awareness. For example, the Master of Arts in Human Resource Management & Labour Relations programme being offered by the Tata Institute of Social Sciences (TISS), Mumbai aims to create corporate-ready Human Resource professionals with a sound knowledge of business. One can see from their syllabus that most of the papers focus on People Management supplemented by a healthy sprinkling from General Management as well as other business functions.

 

These specialised management degrees are not new, with some of them running for several decades now. Among the earliest were the programmes in Human Resource Management offered by TISS as well as the Xavier Labour Relations Institute (XLRI), Jamshedpur, and Forest Management by the Indian Institute of Forest Management, Bhopal.

 

There are, however, several reasons for renewed interest in them: For one, there is a growing demand for higher education and skills across the globe. Secondly, the recurring complaint of recruiters during campus placement drives is that students lack practical knowledge. Thirdly, the management education segment is seeing an increasing number of players. Hence, both Institutes and students wish to create a USP (Unique Selling Proposition) for themselves.

 

These issues can be addressed by the Specialised MBA programme whose students would be industry-ready in every sense of the word, their skills being more practical and application-oriented than a General MBA, and customised to a specific industry sector. 

 

Interestingly however, some industry watchers are of the contrary view that this is only a passing fad, and cannot hold out in the long run against the broader and more rooted appeal of a General Management degree.

 

 Career prospects for Specialised MBAs: Opportunities and Threats

Many recruiters like Banking Financial Services & Insurance (BFSI), Telecom, and Retail would be happy to hire Specialised MBAs since they can hit the ground running.

 

However, it is very important that the college has a strong Placement department. Otherwise, students would be stuck with a narrow set of competencies and thereby limited job options. Also, if the curriculum concentrates more on the sector or industry, and less on business fundamentals, growth to senior positions later could be a struggle in which the candidate could lose out to a General MBA holder. A specialised degree could also constrain career mobility across functions, organisations, or industries in the future.

 

Hence, ideal candidates for a Specialised MBA would be those who are clear about their area of focus (business function/industry/field of work), or who already have work experience in the same. On the other hand, if one is unsure of where one wants to specialise, or an experienced worker looking for a career change, it might be better to take up a General MBA course where the exposure to various business functions as well as industries would help in deciding where they would like to be employed.

 

Some of the Specialised Management Programmes and Institutes in the country:

  • Aviation - University of Petroleum and Energy Studies, Dehradun

  • Business Analytics - Great Lakes Institute of Management, Chennai

  • Forest Management - Indian Institute of Forest Management, Bhopal

  • Healthcare Management - Welingkar Institute of Management, Mumbai

  • Human Resource Management - XLRI, Jamshedpur; TISS, Mumbai; Management Development Institute, Gurgaon

  • Industrial Management - National Institute of Industrial Engineering, Mumbai

  • Insurance Management - Narsee Monjee Institute of Management Studies, Mumbai

  • Logistics and Supply Chain Management – S P Jain School of Global Management, Mumbai

  • Retail Management - K J Somaiya, Mumbai; Welingkar, Mumbai

  • Rural Management - Institute of Rural Management, Anand; NMIMS, Mumbai; Welingkar, Mumbai

  • Sports Management - National Academy of Sports Management, Mumbai; International Institute of Sports Management, Mumbai

  • Telecom Management - IIT-Delhi

Stay tuned to bschool.careers360.com for more expert column

 

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Questions related to Loyola Institute of Business Administration, Chennai

Showing 34 out of 34 Questions
14 Views

For admission in LIBA 2020, what is the admission process after appearing cat/xat?

ashutosh gupta 9th Nov, 2019

Candidates are short-listed for Group Discussion (GD) and Personal Interview (PI) from among the eligible candidates who have a valid entrance exam score and have applied to the programme of LIBA. The GD-PI process will be conducted at Bengaluru, Hyderabad, Mumbai, New Delhi, Kolkata and Chennai After the GD-PI round, admission offers are made by LIBA to successful candidates. The final selection is based on a diverse set of attributes which includes performance in entrance exam, performance in PI round, academics, Quality of Work Experience among others.

Last date to apply for admission in LIBA is to close on January 10, 2020. To explore admission opportunity in LIBA, Chennai, the candidates need to apply for admission by using and filling up the online application form. LIBA will accept CAT 2019 and XAT 2020 scores, so you can apply with the CAT scores and also XAT scores. Better of the two scores will be considered. The Application fee for admission to PGDM 2020 at LIBA is Rs.1500/- as was last year.


The number of students that can be admitted to the PGDM 2020-22 batch is 180 at LIB the Total Programme fees payable by PGDM students at LIBA is Rs. 15,26,300 last year.t he Fee includes Admission Fee, Tuition Fee, Library Fee, Computer Fee, Alumni Membership Fee, Insurance, Fee for foundation courses, Alumni

6 Views

Did liba has management quota.

ÑÍthesh 15th Oct, 2019

Hello !!!Loyola institute of business administration has admissions strictly based on the merit list.And there are no management seats provided.Hope i might helped you.GOOD LUCK!!


11 Views

how good the liba as far as placement is concern

Apoorva Student Expert 5th Oct, 2019

Hello dear student,

As you have asked for the Liba placement . So dear student let me inform you that LIBA is known for its reputation for 100% placement achievement for the students studying in the university. Many good companies visit the campus and this is consistently maintaining their reputation fore placements that too100% placement . Information shared by us is helpful for you. Best wishes

135 Views

My TANCET MBAmark is 40 can I get seat in LIBA

Shudhanshu Gupta Student Expert 6th Jul, 2019
hello aspirant ,
I am here for helping you ...
as per your doubt I am providing you a link below where you can see the expected cutoff of TAN CET 2019 and can predict your chances of having admission in your desired college..
Link is given below:
https://bschool.careers360.com/articles/tancet-mba-cutoff
remember that the data on the above link is an expected data can vary with some fluctuation.
I hope it will be beneficial for you....
For queries you can upvote  my answer and can ask in the comment section below....
Best of luck...
61 Views

Loyola admissions for mba is over

Mythri 1st Jul, 2019
Hey !
Loyola Institute of Business Administration (LIBA) Chennai one of the highly ranked management institutes in India.
LIBA offers its flagship 2 years full time residential Post Graduate Diploma in Management (PGDM) which is equivalent to MBA. PGDM at LIBA is approved by All India Council for Technical Education (AICTE) and recognized by the Association of Indian Universities (AIU) as equivalent to MBA.Assuming that your query is regarding the last date to apply for MBA at Loyola Institute of Business Administration (LIBA) , the last date to apply has already passed for admission into 2019-21 batch , which was on February 20th 2019.LIBA  accepts CAT and XAT  exam score for admission. Do check the below link for information regarding the college.
https://www.careers360.com/colleges/loyola-institute-of-business-administration-chennai
Hope this helps
All the best !
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