The job market is the most competitive it has ever been. Despite many opportunities in the market, many people can’t score any job. This happens because they lack the qualification and expertise to stand out.
Today, many corporate giants are looking for people with expertise and specializations that set them apart from the general candidates who apply for a job in the business sector. If you’re planning on pursuing a career in business, you’re one of the thousands of people who graduate every year globally.
So, the basic question is, what sets you apart? An MBA does! It is the best way of standing out amongst millions of graduates. With a career that will undergo explosive growth in the next decade, you must be prepared to make the most of this opportunity. An MBA or Master’s in Business Administration coaches you for a rewarding career as a strategist and business leader. You learn skills related to all business functions, whether people management, product management, or financial management. However, to further polish your skills as an MBA graduate, it is advised that you go for a specialized MBA. i.e., an MBA in a dedicated area of business.
Here are a few MBA specializations that you can consider as career boosters for yourself:
MBA in Accounting:
By pursuing an MBA in accounting, you are prepared to calculate, evaluate, infer and interconnect economic data to integrate all business functions. It allows you to choose from various roles, from a government job to a C-Suite position. An accounting MBA degree has great growth potential. In this program, you take on fundamental coursework and classes based on your area of interest and expertise. These courses are:
- Auditing
- Personal Taxation
- International Accounting
- Accounting Regulations
- Financial Reporting and Analysis
Different jobs that an MBA in accounting can have are a Business Development Manager, Chief Financial Officer, Personal Finance Advisor, Management Analyst, and Financial Manager.
MBA in Healthcare Management:
17% of the GDP of the United States of America comes from the healthcare sector. This is a golden period for those interested in working in this sector. This degree program prepares graduates for hospital management, pharmaceutical administration, and sometimes even research hospitals and insurance companies. Different courses in an MBA in healthcare management include the following:
- Healthcare Leadership
- Population Health and Data Analytics
- Healthcare Quality Regulation, Outcomes and Evidence-Based Care
Different career paths for this specialization include Hospital Administration, Healthcare Advisory, Pharmaceutical Project Management, Hospital Management and Administration, and Policy Analysis.
MBA in Analytics Intelligence:
In this era of Big Data, an increasingly large number of businesses depend on data gathering and assimilation for understanding their clientele and decision making. For this purpose, they need graduates that are efficient in data management and analysis. When you opt for an MBA in Analytics intelligence, you acquire skills for data analysis so businesses can increase their proficiency and returns. This degree program has the following courses:
- Business Planning
- Foundations in Advanced Enterprise Analytics
- Enterprise Intelligence
- Decision Support Systems (DSS)
Every business needs experts and data analysts to sort through a large number of data consumers produce. Different careers for an Analytics Intelligence MBA are Marketing Manager, Financial Analyst, Operational Analyst, Management Consultant and Analyst, and Supply Chain Analyst.
MBA in Human Resource Management (HRM):
Human resource is the only rare, non-substitutable resource that a business can have. Most companies try to hire the best people in the market against various benefits and salary packages. In return, they accept compliance, efficiency, and effectiveness in achieving organizational goals and objectives. An MBA in HRM ensures that all tasks related to the human resource in the organization are handed in properly and that any disputes are handled well within time. Students in an MBA for Human Resource Management need to take the following courses:
- Organizational Development
- Conflict Resolution
- Workforce Assessment
- Human Resource Management
- Training and Development
For MBA in HRM, different careers and fields are recruitment, training and development, employee relationship management, compensation and benefits, organizational benefits, and conflict resolution.
MBA in Entrepreneurship:
For anyone interested in starting their own business or wanting to act as a consultant for start-ups, an MBA in entrepreneurship is the best degree to pursue. It guides you from the process of capital acquisition to launching new products and services into the market. Different courses these students have to study include:
- Entrepreneurial Marketing
- Small and Medium Enterprise Management
- Entrepreneurial Finance
- Business Model Development
Different career prospects include a consultant, incubator, public relations manager, and business reporter.
MBA in Management:
The most flexible of MBA specializations is an MBA in Management Sciences because of its broad scope. It prepares students for leadership positions and management proficiency in various businesses. Most students can customize the program according to their industry of interest. They have an array of courses to opt from. Different courses include the following:
- New Product Commercialization
- Human Resource Management
- International Issues
- Strategic Sourcing
- Vendor Management
- Intellectual Property Management
An MBA in Management is a degree with the broadest scope among all specializations. Some career paths these graduates can take include information management, consulting, project management, and operations management.
MBA in Marketing:
An MBA in marketing prepares students to produce, price, place, and promote innovative products and services. It helps them understand and decode consumer behavior and use marketing software and tools to maximize profits or returns from a market offering. It helps them develop profitable relationships with the consumers of a product line. Different courses that an MBA in marketing graduate might study include the following:
- E-Commerce
- Customer Analysis
- Consumer Behaviour
- Personal Sales
- Sales Management
- Global Relationship Management
- Advanced Marketing Concepts.
Different roles that they need to take on include Marketing Manager, Market Communications Director, Market Research Analysts, Marketing Directors, And Chief Marketing Officer.
Conclusion:
Anyone interested in a corporate job must strive to achieve an MBA specialization. It provides graduates with additional job opportunities, security, and cushion. It acts as a value-added characteristic for these candidates in a competitive job market. Make sure to identify schools that offer your area of interest and specialization in MBA.
