Different Types of MBA Specializations that You Can Pursue in 2022
The world of business is very attractive. This is more so for those who want to become successful, can take risks, and be responsible. Irrespective of whether your aim is to become a manager or achieve a higher position in a multinational corporation or you have entrepreneurial dreams, the idea of pursuing an MBA degree can never go wrong. Both a full-time MBA, as well as an executive MBA can help you in the following ways.
- Enhance knowledge and sharpen skills
- Network with like-minded people and entrepreneurs
- Learn how to approach any situation from different perspectives
A full-time MBA, distance MBA, and an online MBA program offer choices of pursuing courses in different domains such as finance, marketing, management, strategy, economics, etc. The choice of a domain in which you undertake an MBA will depend on the skillset you want to acquire. The idea of all types of MBA is to mould you into a better businessperson and provide the necessary support. A few MBA specializations that you can opt for are as follows.
- MBA in General Management
- MBA in Marketing
- MBA in Human Resource Management
- MBA in Consulting
- MBA in Entrepreneurship
- MBA in Finance
- MBA in Operations Management
- MBA in Management Information Systems
- MBA in Global Management
- MBA in Engineering Management
- MBA in Technology Management
Types of MBA in India
There are different types of MBA in India. Some of these include full-time MBA, executive MBA, distance MBA, online MBA, part-time MBA, and one-year MBA. The fees for the different types of MBA in India depend on the MBA specialization and the university or institution you choose.
Executive MBA, a course for working professionals, is a 1-year postgraduate degree course in the field of Business Administration. It is also offered for about 15-18 months by some colleges.
Distance MBA is a 2-year correspondence postgraduate program in management. Distance MBA is mostly preferred by those who are unable to attend regular classes. The curriculum of a distance MBA is similar to a full-time MBA.
Another type of MBA in India, an online MBA program is conducted part-time for about 1–4 years. Such working professional programs are great and graduates who wish to work right after college. Online MBA programs are offered by several reputed institutions.
1 Year Full-Time MBA
This is for working professionals as well as students who can leave their job for some time and resume it later. This means they’ll have to take a one-year break to pursue MBA.
A part-time MBA as the name suggests is for working professionals who cannot take out time to do a full-fledged MBA course. While they can pick a specialization of their choice, it ensures that they do not have to compromise either on their work or dreams of nurturing their professional growth.
Scope of Different Types of MBA
As mentioned earlier, there are different types of MBAs in India and other countries. Among these, some of the most popular types of MBA in India include executive MBA programmes, and online MBA programs. This is because these types of MBA offer a wide scope and the flexibility that working professionals need.
For professionals who are unable to undertake full-time online MBA programs, an executive MBA proves to be a sought-after option. Such lucrative options for pursuing MBA allow you to earn, study, and acquire a degree all at the same time. With an executive MBA program, you can steadily climb up the career ladder while earning a good salary.
Emeritus India offers programmes that enable professionals to deepen their skill sets, align to modern industry demands, and evolve to managerial and leadership roles across functional areas. These programmes are ideal for mid -to senior-level managers aspiring to apply the latest management principles and take on greater responsibilities. Working executives seeking to transition from technical to managerial roles as well as entrepreneurs and business owners who wish to scale their business by expanding their management repertoire can also take up this programme.