The Most In-Demand MBA Specializations in 2020-2021

About Most Demanding MBA Specialization

With the help of latest technology and globalization, multiple companies are constantly on the lookout for talented professionals who can communicate well and carry out trade around the world effectively. Hence, top business schools in India provide advanced MBA courses in India that help students develop and enhance skills that ensure they are able to build a successful career in the field of business.

To know more about MBA programs, you can read our guide to MBA programs that provides in-depth details about everything you need to know about MBA.

If you are aspiring to build a successful career in the world of business, theres no doubt that an MBA is the best way to go. However, with the growing demand of this course, colleges have provided multiple specializations that help students harness a particular skill in the niche they are most interested in.

To ensure youre aware of your options before you make a decision, weve prepared a list of the most in-demand MBA specializations you can consider choosing in 2020-21.

Most Popular MBA Specializations in 2020-2021 To Consider

It is extremely important to choose the right specialization because often your career graph and salary depend on the niche you choose.

Heres a list of most demanding MBA specializations to consider for 2020-21:

1. MBA in Business Analytics & Big Data

Pursuing an MBA specializing in Business Analytics and Big Data has become very popular due to the rise of Big Data. Businesses are constantly looking for talented managers who understand the importance of data and can quickly analyze the information to decipher actionable pointers.

An MBA program in Business Analytics can help students learn about ways to sort and analyze this data and make a valuable organizational impact, depending on the data.

Moreover, in this course, students get exposure to multiple concepts like predictive analysis, marketing intelligence, and econometrics. After completing this course, you will have numerous job opportunities in areas like finance, marketing, supply chain, and others.

2. MBA in Logistics Management

An MBA in Logistics course is designed specially to train students to become a successful manager in the field of industrial supply and chain management. The curriculum in this course is tailored to match the skill set required to deal with goods, inventory and transportation services.

Hence, if youre looking to build a career in operations, supply, and the e-commerce industry, then pursuing an MBA in Logistics is the best way.

3. MBA in International Business

A two-year degree in management, MBA in International Business is one of the most trending specializations for most millennials. This is because many businesses around the globe are hiring professionals with an MBA in IB degree to represent their company at an international level.

The main objective of this course is to help students understand the workings of foreign trade management and learn the best techniques to increase imports and exports by generating, analyzing and conducting research.

Moreover, an MBA in IB focuses on creating professionals who have an in-depth understanding of how to tackle challenges that arise with international business, including trading restrictions in different countries, international economics, dealing with people from different cultures, and others.

4. MBA in Enterprise Management

In an MBA in Enterprise Management course, students are provided with knowledge related to international finance and operations, the workings of multinational business, global strategies, and ethics.

Students pursuing these courses can expect to gain the knowledge provided in foundational MBA courses, along with a focus on global management, international business, and organizational development.

Moreover, other subjects in this course are financial accounting, corporate responsibility, statistics, risk management, and operations management.

5. MBA in Marketing Management

The MBA in Marketing course comprises an advanced study of market research and analysis, product design, pricing, promotion, selling, distribution, advertising and other marketing concepts.

Spread across 4 semesters, the first two semesters consist of courses that are common for all students, and the last two semesters focus on marketing-related specializations chosen by the students.

Related Blog: A Guide to MBA Marketing

6. MBA in Human Resource Management (HRM)

MBA in Human Resource Management, also known as MBA HR, focuses on imparting knowledge and training professionals who will be tasked with managing the workforce of an organization. Every company has their own set of values, visions, ideals, norms, working languages, systems, and methodologies. It is the job of an HR to develop and manage their companys culture and hire the best talent and retain them.

To achieve this, the MBA in HR course focuses on subjects like recruitment, labour laws, retention tactics, interview techniques, and others. This course is increasing in the demand as almost every field requires a skilled HR professional to manage the workforce. By earning this degree, you can get the directorial and senior-level management role in a company.

7. MBA in Financial Management

An MBA in Financial Management helps eligible candidates to understand key financial business functions, like bookkeeping, promotion, data frameworks, and operations management. Moreover, the course also helps professionals develop leadership and team-building skills, ensuring they are able to manage and lead the finance department in a company.

Additionally, by pursuing the MBA in Finance course, students will be able to develop and execute techniques and strategic tools that will help them recognize, comprehend and analyze the different dimensions of a business environment.

Related Blog: A Guide to MBA Finance

8. MBA in Rural & Agri-Business

India is one of the top countries when it comes to rural and agri-businesses, hence, it comes as no surprise that more than 140 institutions in India offer an MBA in Agri-Business. This course gives a comprehensive insight into subjects related to the Indian agriculture market, and the global market as well.

As agriculture contributes significantly to the GDP of the country, hence, pursuing this course paves the way for a bright future for Indians. In this course, students are providing in-depth knowledge about subjects like farm planning, soil management, supply chain, food processing, etc.

Related Blog: Know About MBA in Agribusiness

9. MBA in Pharma & Health Care Management (PHCM)

According to the Global Pharmaceuticals Industry Analysis and Trends 2023, the global pharmaceutical industry will be worth USD 1.57 trillion by 2023. Due to the overwhelming growth of this sector, building a career in the pharma and healthcare industry has become extremely popular.

To gain an edge over other aspirants, pursuing an MBA in Pharma & Health Care is a great way, as you will get to learn about subjects like development, research, pharmaceutical administration, and nursing, among others.

In addition to this, students are also trained in enterprise management, advanced business concepts, advanced pharmaceutical management, etc., thereby increasing their employability.

10. MBA in Tourism & Hospitality Management (THM)

Pursuing an MBA in Tourism & Hospitality gives you the opportunity to develop and harness the skills required to manage the day-to-day workings of the sector through a holistic approach. The course is divided into theoretical and practical subjects, including case studies, projects, and internships.

Initially, the course gives an overview of various subjects, including finance, operations, human resources, and other areas related to the tourism industry. After the first year, students need to choose an area of interest, wherein, they are taught extensively about the subject of their preference.

11. MBA in Entrepreneurship

With India being pegged as the entrepreneurial hub of the world, pursuing an MBA in Entrepreneurship has become exceedingly common among young millennials. The course is designed to provide students with relevant knowledge, skills, and networks that are needed to become a successful entrepreneur.

Additionally, the course also helps students understand and harness skills like coming up with a good business idea, developing these ideas into products or services, designing a commercial venture, and successfully maintaining and expanding the company.

Students who pursue this course also taught the more technical aspects of being an entrepreneur, like commercializing a business idea, seeking venture capital funding for their business, and how to build a global organization.

12. MBA in E-Commerce

An MBA in e-commerce is designed to provide students with an advanced understanding of the key concepts involved in carrying out business online. This includes general management, finance, and marketing. Along with this, they are also provided with essential business management skills, including leadership, problem-solving, and decision-making.

Students are also provided extensive knowledge about the differences between carrying out business in a traditional way versus an e-commerce set-up. This gives them the ability to strategically manage their online business activities while overcoming common pitfalls of the industry.

13. MBA in Supply Chain Management

Albeit a fairly new field of interest, the Logistic and Supply Chain industry is garnering a lot of popularity. Managing a company in this niche involves the organization of the complete network for movement of raw materials from the resource to the consumer as a final product.

Hence, an MBA in Supply Chain Management is designed to provide students with extensive knowledge related to the processes involved in this field, including implementation, control, planning of the flow of the product from the supplier to the consumer, and others.

14. MBA in Communications Management

Communications is an extremely creative and unpredictable sector, due to the continuous evolvement of the latest trends and technology. Hence, managing this department in any sector requires the ability to think analytically and innovatively. An MBA in Communications is designed to provide students with conceptual knowledge along with harnessing their analytical and creative thinking abilities.

Moreover, the courses also include subjects that help students build their knowledge about the socio-psychological context of business and communications, which helps them become better decision-makers.

Due to the dynamics and nature of work involved in this sector, the courses include both classroom instruction and hands-on project work.

15. MBA in Artificial Intelligence

In the past few years, Artificial Intelligence (AI) has grown exponentially. Moreover, with the continuous evolvement of this technology, the growth shows no signs of stopping. This makes this industry extremely desirable and multiple young aspirants wish to build a career in the AI industry.

The most fruitful way to achieve this ambition is by pursuing an MBA in AI as the course provides students with both technical and quantitative expertise, along with helping them develop a strategic mindset to support data-driven decision-making.

Conclusion

Regardless of which specialization you choose, theres no doubt that pursuing an MBA course can greatly enhance the success of your career. However, its crucial to ensure that youre completing the course from a reputed and experienced college to reap maximum benefits.

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