What is MBA? - Career Options and Specializations Offered Under MBA

Management refers to the process of administration, whether of an organization or resources. It most effectively deals with planning and organizing resources and business activities to accomplish specific goals. Therefore, we can aptly sum it up as the science of business organization and resource management. 

As a career, management has become one of the most sought after by the present generation of students. They want to pursue courses in Business Management as it provides the most lucrative career opportunities and constant growth in pay packages. In addition, organizations and associations need powerful administration to accomplish business objectives. 

This article focuses on different types of Master's Degrees in Business Management. Candidates with a Bachelor’s degree can pursue these courses, which are two years duration.

Specialisations in MBA

MBA specialisation is a study about general to finance management to marketing to entrepreneurship. In the offered two year course after successfully completing the first year, the student can choose one field of specialization in which they want to build their career. Let’s discuss the top specializations in MBA.

MBA Finance

This course includes subjects on management studies, finance, and investment. Significant MBA finance subjects are International Finance, Structured Finance, Infrastructure Finance, and Corporate money. MBA in Finance teaches students about the financial world, market trends, economic trends, etc and it is a great pick for students with good knowledge and interest in the stock market.

MBA Marketing

This course includes subjects such as Cost and Management Accounting, Business Environment, Marketing Management, management concepts, etc.  It is a great pick for the students who are interested in learning about market strategies, branding, advertising

MBA Human Resource Management: 

This course includes subjects such as Quantitative Techniques for Management, Marketing Management, Managerial Economics, and Human Resource Management. MBA in Human Resources is a two-year degree program that focuses on recruiting the right people for the job, managing them, and providing direction and guidance to the workforce. 

MBA Hospitality and Hotel Management

A degree in hotel management focuses on providing detailed knowledge about management principles, human resource management, organizational behavior, accommodation management, food and beverage management, etc. The MBA Hospitality Management course makes candidates job-ready for various departments such as Airlines, Hotels & Resorts, Catering, Exhibition, Tourism Services, Entertainment, etc.

MBA in Digital Marketing

This degree familiarises the students with core concepts such as internet marketing, mobile marketing, digital branding, email marketing, strategic management, E-Commerce, etc. Also, the MBA in digital marketing helps students to get in-depth knowledge on online branding and marketing of products on a local and global scale through digital platforms.

MBA Supply Chain Management

This program is for students who need to develop areas of strength to foster abilities and interface with production network leaders, coordinated factors, and back-end tasks of a specialty unit. An MBA in supply chain management is a great option for the students who want to build a career as a Business Operations Manager, Strategic Sourcing Manager, Manager of Global Sourcing, or VP of Supply Chain Operations.

MBA Travel and Tourism

This course familiarises the students with the nuances of the tourism industry. As this course helps the students to understand Tourism Marketing, Communication skills, Tourism policy and law, Fundamentals of tourism, etc.  The students can make their careers in both government and private companies as Travel Agent, Travel Counsellors, Destination Managers, Operations Executive, etc.

MBA Food Technology

This course combines the basics of both management and the emerging trend in the food and technology industry. The students who want to build a career in food technology can explore the field and check the job profile such as Quality Manager, Food Technologist, Nutritional Therapist, Technical Brewer, etc.

MBA Banking and Insurance

This specialization of MBA focuses on the fundamentals and concepts in the banking and insurance sectors. It develops world-class banking and insurance sector capabilities among the management graduates. The course helps the students to develop a strong understanding of financial concepts.

MBA Pharma and Healthcare Management

This specialization of MBA revolves around the study of health and chemical science along with management and marketing strategies. Also, it gives an in-depth knowledge about  Drug Manufacturing, Production Management, Pharmaceutical Marketing, and Brand Management. The course aims to produce skilled professionals for managerial and related positions in the Pharmaceutical industry.

MBA International Relations

The course is designed to enable students to understand the nuances of international affairs and establish connections for their future places of work. The course helps students to develop their knowledge about goods and services Law consultants, Human resource managers, public relations executives, regulatory affairs managers, legal consultants, international accounts executives, client managers, and analysts.

MBA Rural Management

This course is meant to educate students to plan, organize, and control the rural & agriculture sector enterprises. In MBA Rural Management the students get to study planning, organizing, directing, and controlling rural areas, cooperatives, agri-business, and allied fields.

Top Careers in Management

A career in management is exciting and satisfying in terms of pay packages. This invaluable degree can help you carve a successful career across various industries like real estate, finance, sales, marketing, construction, education and healthcare. 

Skilled managers with experience and credentials are in high demand in an array of industries. No wonder they are some of the world's highest-paid professionals.

The three basic management levels are top-level manager, middle manager and lower manager. So, students who want to make it big in management should develop skills such as leadership, communication, motivation and interpersonal.

Let's understand the various career options available and the skills you require for each one. 

Marketing Manager

Marketing managers manage the services and products of a company. They are responsible for the strategic management and the growth of the brand by developing and implementing marketing plans. They are also behind organizing product campaigns to raise awareness and generate product demand in the market. 

Human Resource Manager

A human resource manager plans and coordinates the administrative function of an organization. They are responsible for recruiting, interviewing, and hiring new employees for the company. Also, they serve as a link between an organization's management and its employees. This is the most lucrative and sought-after career for most management students.

Health Services Manager

A health service manager plans, directs, coordinates, and supervises the delivery of health care in an entire facility or a single department. Candidates are hired by health organizations. They work primarily in hospitals with teams of doctors, nurses, and other healthcare personnel. A health service manager role also requires technical operations management.

Financial Manager

The responsibility of a financial manager primarily is to oversee end-to-end finance operations, financial planning, and analysis, and balance sheet reconciliations. They also supervise important functions, such as monitoring cash flow, determining profitability, managing expenses, and producing accurate financial information. To meet their responsibility financial managers need to maintain knowledge of legal and regulatory requirements.

Project Managers

Project managers work on different projects from time to time and have to travel as part of their job profile. They play the lead role in planning, executing, monitoring, controlling, and closing out projects. They are also responsible for the project team and resources, the project budget, and the success or failure of the project.

Operations Research Analyst

An operations research analyst requires quantitative reasoning skills and the ability to think critically, solve complex problems, and provide solutions. Research analysts use statistical data to identify, assess, and solve business problems in sales, logistics, and production. Hiring an operations research analyst helps the organization improve its business practices by studying cost-effectiveness, labor requirements, product distribution, and other factors involved in its day-to-day operations.

Management Consultant

As a management consultant, the primary role of the manager is to solve an organization's problems, improve business performance, create value and maximize growth. They identify solutions for business troubles and make suggestions for changes to implement.

Investment Banker

Investment bankers are investment professionals who combine financial services industry expertise, analytical prowess, and effective persuasive communication skills to support institutional clients in activities like capital raising and mergers and acquisitions. The task of an investment banker is to help the company invest and grow its capital.

Rural Development Officer

The task of an RDO is to supervise and execute plans and enterprises related to rural development. They are primarily responsible for supervising the developmental plans and their implementation in the areas assigned to them. India has more villages than urban cities.

Apart from the careers mentioned above, there are multiple other careers related to management and business administration as this is a vast field covering several areas. 

 Why Choose Shoolini University for MBA?

Management programs are offered in various institutes and universities across the country. However, it is vital to choose the right institute for pursuing a degree in Business Management because an institute’s reputation and placement, along with its rankings, play a crucial role in a student’s future.  

Shoolini University, located in Solan, Himachal Pradesh, not only boasts of a beautiful and pristine campus but is also reputed for its Faculty of  Management Sciences. 

Outstanding Rankings of Shoolini University

As per The Times Higher Education (THE) Rankings (2022), Shoolini University is among the Top 200 Universities in the world. The National Institutional Ranking Framework (NIRF) placed the Shoolini Management School in the 76-100 bracket in the country. 

In addition, the prestigious ranking agency SCIMAGO ranked Shoolini 35th in India and QS I – Gauge, the worldwide university ranking agency awarded a 'Diamond Rating' to the University. In QS World University Rankings 2022 (Asia), Shoolini was ranked first in India (Citation) and 6th in Asia (Citation).  

Top Notch Placements at Shoolini University

Shoolini University has a dedicated placement Cell for all the students. The University is distinguished for 100% placements of its MBA graduates with excellent packages in leading companies like the Bank of America, Genpact, Vardhman, DMI Finance, etc. Summer internships are available with top companies like Nestle, Cadbury, Reliance Jio, Blue Star, Abbott, Lemon Tree, Red Fox, etc. The University also boasts of tie-ups with top industries that enhance job opportunities, enabling students to secure jobs with the best in the industry globally. More than 2000 management students have been placed in reputed companies with the highest package going up to Rs 16 lakh.

Top Global Universities Alliance 

Shoolini University has valuable collaborations with many universities across the globe for the student and faculty exchange programs. A few of them are - 

• The University of Naples, Italy
• Sichuan University, China
• Magna Carta College, Oxford, UK and more 

As many as 250+ MoUs have been signed between Shoolini University and international universities across the globe. 

Conclusion

An MBA degree inculcates business leadership skills and instils confidence among the students. In addition, an MBA from a well-known and reputed institute helps aspirants build a professional network and enhances their professional marketability.