Do you also want to know which MBA specialization is in demand nowadays? If yes, then this blog is just for you ! Go through this complete blog to know more about the different MBA specialization and its benefits.
Which MBA Specialization Is In Demand Today?
All the aspiring MBA students look to pursue their management degrees with such specializations that benefit them in the future. There are many such MBA specializations that help students to grab wonderful opportunities and turn all their dreams into reality. In India, many management colleges offer top MBA specializations which give students the right exposure and confidence that assists them build a good career for themselves.
Following is a list of which MBA specialization is in demand.
- Finance Management
- Marketing Management
- Human Resource Management
- Business Analytics
- IT Management
- Healthcare Management
- Logistics and Supply Chain Management
- Operations Management
- Data Analytics
- Project Management
Read the following sections to know which MBA specialization is in demand.
Finance Management
| Criteria | Details |
| Highest Package | ₹30-35 LPA |
| Average Package | ₹10-12 LPA |
| Top 10 Companies | Goldman Sachs, JP Morgan Chase, Morgan Stanley, Barclays, Deloitte, EY, KPMG, PwC, ICICI Bank, HDFC Bank |
| Top 10 Private Colleges | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, XLRI Jamshedpur, SPJIMR Mumbai, ISB Hyderabad, NMIMS Mumbai, MDI Gurgaon, SIBM Pune, IMT Ghaziabad |
Marketing Management
| Criteria | Details |
| Highest Package | ₹28-30 LPA |
| Average Package | ₹8-10 LPA |
| Top 10 Companies | Unilever, Procter & Gamble, Nestle, Google, Amazon, Coca-Cola, PepsiCo, Dabur, ITC, HUL |
| Top 10 Private Colleges | IIM Bangalore, IIM Calcutta, FMS Delhi, MDI Gurgaon, NMIMS Mumbai, XLRI Jamshedpur, SIBM Pune, SPJIMR Mumbai, IMT Ghaziabad, TAPMI Manipal |
Human Resource Management
| Criteria | Details |
| Highest Package | ₹25-28 LPA |
| Average Package | ₹7-9 LPA |
| Top 10 Companies | Infosys, Accenture, IBM, TCS, Capgemini, Deloitte, Cognizant, KPMG, Reliance Industries, HCL |
| Top 10 Private Colleges | XLRI Jamshedpur, TISS Mumbai, MDI Gurgaon, IIM Ahmedabad, IIM Bangalore, NMIMS Mumbai, SIBM Pune, XISS Ranchi, IMI Delhi, SCMHRD Pune |
Business Analytics
| Criteria | Details |
| Highest Package | ₹40-45 LPA |
| Average Package | ₹12-14 LPA |
| Top 10 Companies | Accenture, Capgemini, PwC, Deloitte, KPMG, Cognizant, TCS, EY, Mu Sigma, Fractal Analytics |
| Top 10 Private Colleges | IIM Bangalore, ISB Hyderabad, SPJIMR Mumbai, NMIMS Mumbai, SIBM Pune, Great Lakes Chennai, TAPMI Manipal, IMT Ghaziabad, MDI Gurgaon, Welingkar Mumbai |
IT Management
| Criteria | Details |
| Highest Package | ₹35-40 LPA |
| Average Package | ₹12-14 LPA |
| Top 10 Companies | TCS, Infosys, Accenture, IBM, Wipro, Capgemini, HCL, Cognizant, Google, Microsoft |
| Top 10 Private Colleges | IIM Ahmedabad, IIM Bangalore, XLRI Jamshedpur, MDI Gurgaon, NMIMS Mumbai, SIBM Pune, SPJIMR Mumbai, IMT Ghaziabad, Great Lakes Chennai, Symbiosis Centre for Information Technology Pune |
Healthcare Management
| Criteria | Details |
| Highest Package | ₹20-25 LPA |
| Average Package | ₹7-9 LPA |
| Top 10 Companies | Apollo Hospitals, Fortis Healthcare, Max Healthcare, Cipla, Dr. Reddy’s Laboratories, Sun Pharma, Johnson & Johnson, GlaxoSmithKline, Pfizer, Narayana Health |
| Top 10 Private Colleges | TISS Mumbai, ISB Hyderabad, IIM Bangalore, MDI Gurgaon, Apollo Institute of Hospital Administration, Symbiosis Institute of Health Sciences Pune, IIHMR Jaipur, SIBM Pune, IMT Ghaziabad, Welingkar Mumbai |
Logistics and Supply Chain Management
| Criteria | Details |
| Highest Package | ₹22-26 LPA |
| Average Package | ₹8-10 LPA |
| Top 10 Companies | DHL, FedEx, Blue Dart, Amazon, Flipkart, Maersk, Gati, Reliance Industries, Nestle, PepsiCo |
| Top 10 Private Colleges | IIM Bangalore, IIM Ahmedabad, NITIE Mumbai, SPJIMR Mumbai, XLRI Jamshedpur, SIBM Pune, Great Lakes Chennai, NMIMS Mumbai, SCMHRD Pune, MDI Gurgaon |
Operations Management
| Criteria | Details |
| Highest Package | ₹25-30 LPA |
| Average Package | ₹9-11 LPA |
| Top 10 Companies | Tata Steel, Reliance Industries, Mahindra & Mahindra, Larsen & Toubro, Maruti Suzuki, Hero MotoCorp, ITC, Hindalco, Toyota, Hyundai |
| Top 10 Private Colleges | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, NITIE Mumbai, SPJIMR Mumbai, XLRI Jamshedpur, NMIMS Mumbai, MDI Gurgaon, SIBM Pune, IMT Ghaziabad |
Data Analytics
| Criteria | Details |
| Highest Package | ₹40-45 LPA |
| Average Package | ₹13-15 LPA |
| Top 10 Companies | Mu Sigma, Fractal Analytics, Accenture, TCS, Capgemini, Deloitte, EY, PwC, IBM, Cognizant |
| Top 10 Private Colleges | IIM Bangalore, ISB Hyderabad, XLRI Jamshedpur, NMIMS Mumbai, SPJIMR Mumbai, Great Lakes Chennai, SIBM Pune, TAPMI Manipal, IMT Ghaziabad, MDI Gurgaon |
Project Management
| Criteria | Details |
| Highest Package | ₹30-35 LPA |
| Average Package | ₹10-12 LPA |
| Top 10 Companies | Infosys, Wipro, IBM, TCS, Accenture, Capgemini, HCL, Cognizant, L&T, Siemens |
| Top 10 Private Colleges | IIM Ahmedabad, IIM Bangalore, XLRI Jamshedpur, ISB Hyderabad, MDI Gurgaon, SPJIMR Mumbai, NMIMS Mumbai, SIBM Pune, IMT Ghaziabad, Great Lakes Chennai |
Conclusion
Pursuing an MBA with some good specializations offers you with good opportunities in the future. Good specialization such as Finance Management, Marketing Management, Human Resource Management, Business Analytics, IT Management, Healthcare Management, Logistics and Supply Chain Management, Operations Management, Data Analytics, Project Management provides you with a future assurance.
Through this blog, you know possess good knowledge about which specialization to choose to grab good and lucrative jobs in the future.
Collegedunias provides counseling services for aspiring MBA aspirants who want to build a career in the field of business and management. You can explore more by connecting with our dedicated team of counselors to get more clarity on the topic.
Frequently Asked Questions (FAQs)
Which MBA specialization is most in demand?
Following are the MBA specialization that are most in demand nowadays:
- Finance Management
- Marketing Management
- Human Resource Management
- Business Analytics
- IT Management
- Healthcare Management
- Logistics and Supply Chain Management
- Operations Management
- Data Analytics
- Project Management
Which MBA specialization has highest placement?
MBA specializations such as the Finance, Consulting, Information Technology, and Operations Management can gain you a good placement, often the highest ones.
Which MBA specialization is in demand in future 2024?
MBA specializations such as Technology Management, Healthcare Management, Sustainable Business, Supply Chain Management, Finance/Fintech, Entrepreneurship, and Marketing/Brand Management will be in great demand in the year 2024.
Which MBA has bright future?
If you do MBA specialization in Business Analytics, Information Technology, Finance, Marketing, and Economics, then you can get assured of a bright future.
Which stream of MBA is best?
Following streams of MBA are the best for a successful future:
- Operations
- Entrepreneurship
- Data Analytics
- Logistics and Supply Chain Management
- International Business
- Human Resource
- Artificial Intelligence
- Data Science
- Finance
- Marketing