Top 10 In-Demand MBA Specializations
Top 10 In-Demand MBA Specializations - Master of Business Administration Or MBA, which is a 2-year post-graduation program, provides exposure to the candidates to expertise in various fields of Business Administration and to have a better understanding of the operation of various business activities.
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At the beginning of their first year, the MBA students get a brief idea about each of the subjects related to management and managerial activities. Later on, in the same year, they are introduced to the specialized areas from which they need to choose the field they want to expertise or specialize in. Being an MBA student, all the students have enough options to decide any subject as their Subject of Specialization. These subjects of specializations are as follows:
MBA in Finance is that branch of the management sector that is concerned with the management of books of accounts and finances of a company in order to achieve certain financial objectives. Through this program, students get a better understanding of financial planning, Cost of Capital, Assets Management, pricing policies, etc. Finance management is a suitable career for those management students who have good knowledge about financial management and have an excellent understanding of financial models and the stock market. Through this program, students learn to implement their theoretical knowledge in the financial market.
MBA in HRM is about learning such strategies and solutions which could help to improve the quality of a business and cater to the problems existing in the corporate world and in other business sectors. Under this program, knowledge is imparted through various case studies relating to Human Resource Management. In addition, this subject is also concerned with the Employees Welfare Schemes (EWS) to ensure the rights of labor forces at a workplace.
It is a well-known fact that technology has become an indispensable part of our life in today’s time. Therefore, choosing an MBA in Information Technology will indeed be a great choice. With the passage of time, technology is getting upgraded day by day, so is the career scope in this field. During the tenure of 2 years under this program, students learn about the various Computer Applications, Software Engineering, Database Management systems, Data Mining, Security and Control Information systems (SCIS), Web Designing, Multimedia Designing, etc. Having a good knowledge of Information Technology and a good command of computer applications would lead one to carry out the various business operations smoothly. Candidates who desire to work as IT Professionals after the completion of their MBA should opt for this specialization.
MBA in Logistics Management helps an MBA Student to develop managerial and analytical skills in the field of Logistics and Supply chain. The main function of managers working under the logistics management is to ensure that, whether the products and proper services are being delivered to the customers who have asked for it. They are responsible for all the business operations relating to the supply and count of the products a company deals in.
MBA in Marketing is the oldest and the most preferred specialization as it provides the students with an opportunity to build their careers in various fields. Students who choose an MBA in Marketing as their Specialization can explore and gain experience in the fields of media, entertainment, advertisement, promotions, sales, etc. Moreover, students interested in digital marketing can also have a bright future for themselves as in the past few years, a major part of all the industries mentioned above, have been shifted to the digital and online world. With the growth and outreach of the internet, a major part of the overall focus of companies has been shifted to digital and online marketing in the past few years.
Like every other specialization, MBA in Business Management is also a 2 years program, under which an MBA student develops skills to manage all the day-to-day business-related activities. The program helps one to inculcate all those skills which are necessary for a person who desires to understand organizational behavior and can formulate such strategies which would help to eradicate all the real-life problems present in a business environment. The students who choose MBA in Business Management can also contribute to the expansion of a business.
With the change in time, to strengthen the socio-economic scenarios in Rural areas, the policies of government have also been changed and upgraded for the development of rural regions and it has ultimately resulted in the inclination of interest of the management students to work in the rural sections. Management principles play a vital role in rural management and these principles involve various elements like - planning, organizing, and controlling of cooperatives and related organizations in the field of agriculture. Under this program, the aspirants are required to visit rural areas and interact with the villagers to have an experience of working in a rural or less-developed setup.
MBA in Healthcare Management is not only confined to the hospitals anymore but it is also concerned With the Healthcare sector to encourage those who are interested in serving the pharmaceuticals sector, government agencies, insurance organizations, hospitals. An MBA student who has specialized in Healthcare Management is also eligible to consult the firms working in the healthcare sector and is responsible to deal with the substantial management problems faced by hospitals and other organizations relating to the healthcare field.
MBA in Event Management is a golden opportunity of specialization to those who want to inculcate the skills to organize and manage events that take place on a large scale such as seminars, symposiums, conferences, fairs, exhibitions, festivals, functions, etc. All the events that take place on the national level be it a sports event like an IPL match or an Olympic or a literature Festival, these all events are also organized with the help of event managers. Hence, it is needless to say that an MBA in Event Management has a good career scope ahead. Event management includes identifying the targeted audience, developing the theme of the event, communicating and promoting the concept, coordinating with the technical parameters, projecting the cost, successfully conducting the event, etc.
Through the program of MBA in Operation Management, a student learns how to contribute to the end customer by enhancing the quality, cost, and productivity of the end products and services. A student specialized in operation management in his MBA program knows how to effectively manage the various processes to make the production and distribution of products successful.
MBA in Business Analytics is a program under which a student learns to formulate various business strategies on the basis of available data. This program teaches students how to process and use large amounts of data in order to generate results and provide real-world solutions to business problems.
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Questions related to CAT
can you please guide me where I star preparing for cat exam
A proper mindset and dedication is required to crack CAT entrance. You need to make a proper time table, a proper strategy. Understand the pattern of the exam, your capability, your strong and weak area/portion.
There are total 3 section in CAT exam -
- Verbal and reading comprehension (VARC)
- Data interpretation and logical reasoning (DI and LR)
- Quantitative analysis (QA)
Try to read a lot of vocabulary related books such as Word power made easy, or you can read any novels too, This will make your reading comprehension more strong in verbal section.
Read the newspaper everyday, this will make you aware about the current affairs.
Complete the basic concepts of quanta, you can start doing maths problem of 10th grade.
You can join any class for CAT exam, this will help you to make your doubts clear.
Start giving mock tests, as you know practice makes a man perfect. Try to practice a lot this will help in boost your confidence and your flow. Join the test series and stick to your schedule. Focus on smart learning.
Later on, test your accuracy and your preparation. Solve previous year papers, don't lose hope if you aren't scoring well in mock tests. Try to give your best.
Stay motivated and focused.
Hope this helps !
All the best for your bright future
from where most of questions comes in CAT exam
You have to be regular with your studies , be updated about current affairs, for making vocab string you should read newpaper , books.
regularity is the most important thing for crack the CAT.
every year questions are different so it is hard to predict.
i hope this information is helpful for you.
I am currently in my final year in the 5th semester of my college. my 6th and final semester will get over by July. can I give the cat exam then fir MBA admissions
Yes it is possible that student who is pursuing his last year in bachelor's degree can appear for Common Aptitude Test for MBA admission. However the candidate must have completed their bachelor's degree with minimum 50% marks in the aggregate and 45% marks for reserved categories.
For more details click here:
can I get q govt seat for 520 marks in Karnataka, I am OBC cat 1 pls say
According to prior year's cut-offs or scores, your prospects of getting into a government medical institution in Karnataka under the first category are high.
Private institutions or designated universities, on the other hand, may provide opportunities.
You may see the previous year's cut-off (AIQ) and the state quota for Karnataka below.
Click below to see which institutions you might be eligible for based on your category, state quota, and NEET score.
I hope it helps.
I am studing bsc in distance education.. am I eligible for cat exam..?
You are eligible to appear for CAT entrance examination if you have passed B.Sc in Distance mode. Provided you must have passed B.Sc with minimum 50% marks or its equivalent CGPA if you belong to general category. If you belong to SC/ST/PWD category then you need to score minimum 45% marks or its equivalent CGPA from any University or educational institution as incorporated by an Act of Parliament or State legislature in India or declared to be deemed as a University under Section 3 of the UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India.