MBA is a popular two-year programme that is pursued by many students in India and across the world. MBA subjects and programme has high demand all across the globe. It is pursued by the students who are interested in administration and Management. MBA admission process begins with an entrance exam followed by GD/PI. Students should have a minimum of 50% marks in Graduation in any stream to sit for the entrance exams. MBA subjects and the 2-year course are designed in such a way that the students have a guarantee of getting a high-paying job either through college placements or through their own effort by showcasing their skills to the employers. The top employers highly appreciate an MBA degree.
MBA subjects and syllabus is the most market-oriented as compared to the other master’s courses. MBA subjects include Strategic Management, Marketing Management, Operations Management, Supply Chain Management, etc.
Why an MBA?
Now a question arises, which is “Why MBA?”
An MBA is an essential qualification that top employers often prefer. An MBA Qualification attracts many high paying jobs for the students. E.g. Jobs in big companies such as Apple, Amazon, Deloitte, Accenture, etc.
There are other advantages of doing an MBA, which are:
1. Develop Management Skills: The MBA subjects and syllabus is almost the same in all the Business Schools, and it focuses on improving leadership and people management skills, advertising, create connections or partnerships, keeping the company’s finances healthy, selling products and services, manage difficult situations, gather and create reports based on industry data and hire top talent.
2. Network Building: Network building helps the students dive into the vast sea of alumni networks present in their respective colleges. These connections allow the students to contact and keep in touch with the alumni of the colleges working in reputed companies, which prove helpful for them once they graduate from college. They also remain updated with the slightest changes in the business environment by keeping in touch with them.
3. Choose from various MBA specializations: The top MBA subjects and specializations in the year 2021 are MBA in Big Data and MBA in Business Analytics. MBA in Business Analytics is expected to grow by 19% in the next 5-6 years. MBA in HR and Accountancy is the best to get Government jobs after an MBA. So a student doing his MBA can choose MBA subjects from a variety of specializations.
4. Accelerate career prospects: An MBA degree is essential for the growth of the students or an employee to climb up the ladder of his professional career. E.g. Finance and Banking now require an MBA degree for promotion to new senior levels and positions.
5. High Salary: It is predicted from reliable sources that the employees who left their basic jobs for doing an MBA got a salary raise by 80% with an MBA degree.
6. Entrepreneur Opportunity: With proper market knowledge and an MBA degree, the students get an opportunity to start their own business. No other degree gives students the appropriate knowledge to create something of their own.
From these above points, we are clear of “why to do an MBA?”
Now, let’s look at the various subjects and courses of MBA. Here is a list of 10 popular MBA subjects and courses that I would like to discuss:
1. MBA in Finance: The MBA in Finance Stream imparts knowledge on Management, control and review of the investment, collection and resources of money. This course opens many opportunities for students in the financial world, allowing the aspirant to learn to analyze the company’s reports, forecast economic trends, and maximize the stock values and, at last, investment portfolio management.
MBA in Finance needs a strong background in Accounting and Mathematics. Career prospects in this field are many and also rewarding.
2. MBA in Sales and Marketing: MBA in Sales and Marketing is one of the oldest management studies disciplines and is popular among students. Every organization and company requires a marketing team that could popularize the brand through activities, promotions, advertisements, sales, media and entertainment. Nowadays a new branch of marketing is getting popular amongst the new-age students, which is Digital Marketing. With Digital Marketing, brands can promote their products and services entirely online and through social media. So, it has widened the scope of an MBA in Sales and Marketing in today’s era.
3. MBA in HR (Human Resources): MBA in HR imparts training in managing the organization’s workforce. The different organization has a different set of values, norms, visions and ideals. The role of the HR professional is to maintain the company’s culture and hire the best talents and retain them.
The role of HR is to take care of the welfare of the employees. They play an essential role in the growth and sustenance of a company.
4. MBA in Operations: Operations is the backbone of any organization. It requires managing the business practices of an organization for producing maximum output. The role of the operations department of an organization is to acquire equipment, resources, material or staff to ensure maximum output in minimum input. Operations consist of tasks such as staffing, directing, planning, controlling and organizing. A day in the life of an Operations Manager includes interacting and coordinating with various teams such as sales, marketing, logistics, technology and development to understand the client’s needs and produce the product as per expectation by following the most appropriate strategy.
5. MBA in Business Analytics: Business Analytics can be understood by combining data analytics and business intelligence to make future business strategies and plans. It is taught as a specialization in Master of Business Administration (MBA).
This part of Management analyses and explores the present data to make future specific business strategies and goals. Business Analytics helps increase revenue by saving on operational costs, improving customer relations, and predicting future trends in the market. By this, it helps to make accurate business plans and decisions.
6. MBA in Entrepreneurship: Having an entrepreneurial frame of mind is essential for business success. Today more and more budding entrepreneurs are taking up courses to learn the art of business and hone their skills. More of the entrepreneurs are taking up MBA in Entrepreneurship as a discipline. This course is helping the students to equip them with the necessary knowledge, skills and networks required to become innovators and successful entrepreneurs.
7. MBA in Digital Marketing: Digital Marketing is becoming a booming field in India and across the world. Today, most businesses are switching to online platforms when marketing their products and services. The demand for digital marketers is pacing rapidly and is opening doors to many job seekers. Therefore an MBA in Digital Marketing is always a wise choice to pursue, as its graduates earn loads by working in this field. The salary of a Digital Marketing Manager can be Rs. 5 lakhs to 6 lakhs annually. And the one with experience and skills are earning Rs. 15-25 lakhs annually.
8. MBA in Infrastructure: MBA in Infrastructure is one of the most popular courses in management studies. The course helps the candidates understand the elements in infrastructure such as investment, contract management, policies and regulations and planning, design and development. Besides this, this course helps the candidates face the challenges and issues regarding infrastructure development.
Infrastructure courses are available at undergraduate, postgraduate and diploma levels. Upon completing the infrastructure courses, there are opportunities for the candidates like construction and project management, real-estate Finance, Facilities Management and infrastructure finance.
9. MBA in Business Economics: Business Economics is a popular course offered under the management stream, giving the aspirants the knowledge to apply economic theory and analysis in the process of decision making of a particular business.
10. MBA in Agriculture and Food Business: MBA in Agriculture and Food Business is also a necessary discipline to pursue as Agriculture plays a significant role in the Indian Economy and is a massive contributor to the nation’s GDP.
A course in Agriculture and Food Business opens a wide range of careers for the students such as Agriculture Business Organizations, food and fiber industry, banks and financial institutions and research centres etc. Admission to this course requires an entrance exam, but the students still get admissions on a merit basis.
Apart from these MBA specializations, others are also important. But, the specializations discussed above are the top 10 MBA subjects and courses that one might want to look at.
Hence, now we are clear about why an MBA is essential and also about the MBA subjects.