All about the MBA Degree and its Specialisation

 

The MBA is one of the most pursued degrees. MBA is a two-year professional postgraduate degree course. Students can study MBA after completing any UG course like BCom, BBA, BTech, MBBS, BCA, BSc, Bachelor of Arts etc. The MBA gives you fundamental management knowledge, which provides students with a comprehensive understanding of business. You’ll get a holistic view of business specialisations like finance, marketing, entrepreneurship, and accounting.

Let’s dive deep into the nitty-gritty of this degree

MBA stands for Master of Business Administration. You’ll grow your professional network during your tenure and boost your career and salary prospects.

Types of MBA programs

Full-time MBA

Full-Time MBA is the most popular MBA course pursued by students in India. It is a two-year program that provides campus classes.

Part-time MBA

Part-time MBA allows you to combine study or work. It means you don’t miss out on your salary and the opportunity cost of pursuing a full-time program. Part-time MBA classes typically occur in evenings, weekends, or combining online learning with in-person sessions.

Executive MBA (EMBA)

The EMBA is a part-time MBA program targeted at experienced and executive-level professionals. EMBA brings senior leaders together to upskill, network, and share knowledge. In addition, its participants bring their professional projects into the classroom.

Online MBA

Online MBA is super-flexible and provides you with part-time MBA experience. Several online MBAs also allow you to pay per module and plan your own study time. This means durations for online MBA programs take around two years to complete.

MBA Admission

Now, to answer your question about admissions in some of the best universities in India, for example, what are the standard Shiv Nadar admission 2022 requirements for an MBA degree? Admission in MBA takes place through MBA entrance exams which can be All India entrance exams like CAT, MAT, GMAT or MBA entrance Exams conducted by Universities.

MBA specialisations

While the MBA is a generalist degree, you can specialise in areas you’re interested in. For example, business schools offer different MBA fields, including business analytics, healthcare management, entrepreneurship, finance, HR, and marketing. These usually combine core MBA courses in management with a specialist track of studies focused on your area of interest.

How to Select an MBA Specialisation?

When choosing an MBA specialisation, you should consider the following point:

MBA career scope of the specialisation/ placements/ internship options

Long term career goal

The reputation of the institute faculty in the field of your choice

Pedagogy of the specialisation of your choice

The infrastructure and rankings of the university or college. Like Shiv Nadar University rankings are class apart. The Government of India has given it the status of an “Institution of Eminence.

MBA course fee and Return on Investment of the programme.

MBA jobs, or what can you do with a degree?

An MBA degree prepares you for jobs in various roles and industries. Top MBA jobs include:

Accounting: It teaches about data, applications, and procedures that enable professionals to analyse financial data appropriately.

Business analytics: It explores data mining, artificial intelligence and acquisition, machine learning, and text mining in this specialisation.

Entrepreneurship: It creates a business plan and teaches the skills or knowledge.

Finance: It masters the theoretical and analytical skills required to master typical and complex financial situations.

Healthcare administration is designed to teach a healthcare or practitioner background about management and leadership skills.

Management: It learns to solve common leadership problems and study social science to understand best practices in employee motivation.

Marketing: It studies markets, competition, and product portfolios to gain a competitive edge.

Operations management: It teaches how to develop, discover, and test new methods and principles, with a solid tie for process management.

Supply chain management explores many elements of managing a successful product supply chain and consistently meeting client expectations.

Wrapping Up

Now you know what an MBA degree is and how an MBA program can benefit your career scope. It’s the right time to take the next step and apply for this course. First, you’ll need to do your research to find the universities or colleges that best match your areas of interest and career goals.