The Common Admission Test (CAT) is a national-level entrance exam for admission to Master of Business Administration (MBA) and Postgraduate Diploma in Management (PGDM) courses at Indian Institutes of Management (IIMs) and other top business schools in India.
A business management degree, or MBA, opens up a world of employment opportunities and advances one’s career path.
The field of management education has seen tremendous change recently, with the advent of new MBA specialisations like hospitality and event management. Despite the emergence of these newer MBA specialisations, many prospective MBA candidates still concentrate on the traditionally popular MBA specialisations because of the excellent career prospects..
The choice of an appropriate MBA specialisation is essential for candidates seeking an MBA to succeed both during their MBA programme and in their future professional endeavours.
Here are three most popular MBA specialisations in India, that you should consider.
MBA in Marketing
An MBA in marketing is one of the most sought-after professional paths for Indian management students and MBA hopefuls. People are a vital connection between businesses and end customers in marketing, an industry recognised for its vibrancy and competitiveness.
An extroverted disposition, great communication abilities, and skill at mobilising resources fit in well in this field. Gaining a marketing MBA opens doors for careers as project managers, brand managers, marketing managers, and other positions.
The clear benefit is the quick career advancement and attractive compensation packages that come with this specialisation. With enough experience under their belt, it is possible to move quickly up the professional ladder and become the Chief Marketing Officer.
Freshers with an MBA in marketing from top business schools in India can expect to earn a starting salary of Rs.12-14 lakhs per annum. Whereas, graduates from tier-2 colleges can expect to earn around Rs. 6-8 lakhs per annum.
MBA in Human Resource Management
Choosing to pursue an MBA in HR, or MBA in Human Resource Management, is a popular option for Indian students. For those who want to pursue a career in human resource management, this specialisation is perfect.
You will gain extensive knowledge during your MBA programme, covering everything from payroll and compensation management to talent recruitment and selection. Training, development, job analysis, and human resource appraisal are also included in the curriculum. Although HR is a specialised field, having an MBA in HR opens up a wide range of career opportunities because HR managers are needed in practically every type of business.
The average starting salary of an MBA in Human Resource Management (HRM) in India can be estimated at around Rs. 4-5 lakhs per annum.
MBA in Finance
Finance is the most popular specialisation among Indian MBA applicants. The foundations of corporate finance and planning are taught to students in this course. Those who have a background in accounting or who understand basic finance concepts tend to do well in this field.
Corporate companies employing people with an MBA in finance can hire them for positions like accounting managers, financial managers, and financial analysts. With more experience, one may be able to move up to key executive roles such as Chief Financial Officer (CFO). A finance MBA also broadens career options in a variety of fields, such as international finance, merchant banking, investment banking, financial consultancies, and financial institutions.
According to various sources, the average starting salary for an MBA in Finance in India ranges between Rs. 15,00,000 and Rs. 20,00,000 per annum.
A business management degree, or MBA, opens up a world of employment opportunities and advances one’s career path.
The field of management education has seen tremendous change recently, with the advent of new MBA specialisations like hospitality and event management. Despite the emergence of these newer MBA specialisations, many prospective MBA candidates still concentrate on the traditionally popular MBA specialisations because of the excellent career prospects..
The choice of an appropriate MBA specialisation is essential for candidates seeking an MBA to succeed both during their MBA programme and in their future professional endeavours.
Here are three most popular MBA specialisations in India, that you should consider.
MBA in Marketing
An MBA in marketing is one of the most sought-after professional paths for Indian management students and MBA hopefuls. People are a vital connection between businesses and end customers in marketing, an industry recognised for its vibrancy and competitiveness.
An extroverted disposition, great communication abilities, and skill at mobilising resources fit in well in this field. Gaining a marketing MBA opens doors for careers as project managers, brand managers, marketing managers, and other positions.
The clear benefit is the quick career advancement and attractive compensation packages that come with this specialisation. With enough experience under their belt, it is possible to move quickly up the professional ladder and become the Chief Marketing Officer.
Freshers with an MBA in marketing from top business schools in India can expect to earn a starting salary of Rs.12-14 lakhs per annum. Whereas, graduates from tier-2 colleges can expect to earn around Rs. 6-8 lakhs per annum.
MBA in Human Resource Management
Choosing to pursue an MBA in HR, or MBA in Human Resource Management, is a popular option for Indian students. For those who want to pursue a career in human resource management, this specialisation is perfect.
You will gain extensive knowledge during your MBA programme, covering everything from payroll and compensation management to talent recruitment and selection. Training, development, job analysis, and human resource appraisal are also included in the curriculum. Although HR is a specialised field, having an MBA in HR opens up a wide range of career opportunities because HR managers are needed in practically every type of business.
The average starting salary of an MBA in Human Resource Management (HRM) in India can be estimated at around Rs. 4-5 lakhs per annum.
MBA in Finance
Finance is the most popular specialisation among Indian MBA applicants. The foundations of corporate finance and planning are taught to students in this course. Those who have a background in accounting or who understand basic finance concepts tend to do well in this field.
Corporate companies employing people with an MBA in finance can hire them for positions like accounting managers, financial managers, and financial analysts. With more experience, one may be able to move up to key executive roles such as Chief Financial Officer (CFO). A finance MBA also broadens career options in a variety of fields, such as international finance, merchant banking, investment banking, financial consultancies, and financial institutions.
According to various sources, the average starting salary for an MBA in Finance in India ranges between Rs. 15,00,000 and Rs. 20,00,000 per annum.
Denial of responsibility! Chronicles Live is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – chronicleslive.com. The content will be deleted within 24 hours.