A Master of Business Administration (MBA) program is one of the most popular postgraduate degrees globally and provides students with a comprehensive understanding of business and management practices. The core curriculum of an MBA program focuses on fundamental business topics such as finance and accounting while offering students several optional elective areas.
As the job market is highly competitive, you can choose to specialize in a particular field to gain a competitive edge in the global market. Some of the most sought-after elective areas in a Master of Business Administration program are finance, marketing, human resource management, operations management, digital marketing, entrepreneurship and project management.
In this article, we’ll discuss the different fields in MBA, their scope, and their career prospects.
MBA in Finance
Finance is a popular MBA elective area that focuses on understanding financial statements, investment strategies, and financial risk management. Students who pursue an MBA in finance will study financial management, corporate finance, investments, and financial markets.
You can find careers in investment banking, asset management, corporate finance and financial consulting after graduation.
MBA in Marketing
An MBA in Marketing helps you understand consumer behaviour, product development, pricing, promotion and distribution. You will also learn about market research, brand management, digital marketing and advertising.
The popular careers after this degree are marketing research specialist, brand manager, advertising officer and digital marketing expert.
MBA in Human Resources
Human Resource Management is a popular field of study that focuses on managing human capital, employee relations and organizational behaviour. As human resources is a vital component of any organization, this degree will teach you all about recruitment, compensation, training and development and labour relations.
After graduation, you will find yourself working as human resource managers, recruiters, training and development managers, and compensation and benefits managers.
MBA in Entrepreneurship
An MBA in Entrepreneurship helps you develop the skills essential for starting, managing and growing a business venture. In this program, you will take lessons in innovation, business planning, and venture capital.
Graduating with an entrepreneurship degree will help you start your business, or you can even work for start-ups as a business consultant.
MBA in Digital Marketing
An MBA in Digital Marketing is a relatively new field that has gained popularity due to the rising significance of online marketing. This program covers a range of topics such as marketing strategy, brand management, e-commerce, social media marketing, search engine optimization and web analytics.
Graduates of the digital marketing MBA program can pursue a variety of careers in the digital marketing industry, including digital marketing manager, SEO specialist, social media manager, content marketing manager, e-commerce manager, and email marketing manager.
MBA in Operations Management
An MBA in Operations Management focuses on managing the production process, supply chain management and logistics. Students who choose this specialization can expect to becomd well-versed in operations management, supply chain management, quality control and logistics.
Some of the popular career roles after graduation are operations managers, supply chain managers, logistics managers and production managers.
MBA elective areas provide you with an opportunity to acquire in-depth knowledge of a particular field of study. Pursuing an MBA program will also present several career advancement opportunities in a competitive job market. Enrol in an MBA program today.
