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Top 4 MBA Specializations for a Cushy Job and Dream Salary

<br>Before jumping to the raw conclusion that a Masters in Business Administration (MBA) would provide you with a cushy job and dream salary, you have to be very much thoughtful and contemplative about it.

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Top 4 MBA Specializations for a Cushy Job and Dream Salary

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  1. T o p 4 M B A S p e c i a l i z a t i o n s f o r a C u s h y J o b a n d D r e a m S a l a r y T h e M a s t e r o f B u s i n e s s A d m i n i s t r a t i o n ( M B A ) i s a g l o b a l l y r e c o g n i z e d d e g r e e t h a t n u r t u r e s t h e s k i l l s r e q u i r e d t o m a k e c a r e e r s i n b u s i n e s s m a n a g e m e n t . H o w e v e r , t h e u t i l i t y o f t h e M B A i s n o t c o n f i n e d t o t h e b u s i n e s s w o r l d o n l y . M B A g r a d u a t e s w i t h v a r i o u s s p e c i a l i z a t i o n s p l a y i m p o r t a n t r o l e s i n d i f f e r e n t m a n a g e r i a l p o s i t i o n s i n b o t h g o v e r n m e n t a n d p r i v a t e s e c t o r ( b o t h l o c a l a n d m u l t i n a t i o n a l ) c o m p a n i e s . T h e s e r o l e s c a n b e q u i t e l u c r a t i v e a n d M B A s o f t e n m a k e h e a d l i n e s f o r f e t c h i n g s a l a r i e s a b o v e R s . 1 c r o r e o r a s i x - f i g u r e s a l a r y i n U S d o l l a r s . B e f o r e j u m p i n g t o t h e r a w c o n c l u s i o n t h a t a M a s t e r s i n B u s i n e s s A d m i n i s t r a t i o n ( M B A ) w o u l d p r o v i d e y o u w i t h a c u s h y j o b a n d d r e a m s a l a r y , y o u h a v e t o b e v e r y m u c h t h o u g h t f u l a n d c o n t e m p l a t i v e a b o u t i t . C h o o s i n g t o d o a n M B A i s a g r e a t s t e p w h i c h n e e d s s e l f - d i s c i p l i n e o f t h e h i g h e s t o r d e r , t i m e a n d f i n a n c i a l c o m m i t m e n t s . Y o u h a v e t o g o f o r i t a f t e r i n - d e p t h i n t r o s p e c t i o n i n t e r m s o f y o u r a p t i t u d e a n d a t t i t u d e . P u r s u e a n M B A i f y o u : • A r e w i l l i n g t o l a u n c h a l u c r a t i v e a s w e l l a s p r o g r e s s i v e c a r e e r • W a n t a p a r a d i g m s h i f t i n y o u r e x i s t i n g c a r e e r • W a n t t o f o s t e r a n i n n o v a t i v e o u t l o o k • W a n t t o g e t n e t w o r k e d w i t h t h e b e s t b r a i n s i n t h e m a r k e t • W a n t t o g i v e y o u r s e l f a s t r o n g b r a n d v a l u e • W a n t t o t a k e y o u r p e r s o n a l g r o w t h t o a h i g h e r l e v e l • W a n t t o s e t u p y o u r o w n b u s i n e s s

  2. C h o o s i n g t o d o M B A m i g h t p r o v e t o b e m o r e r e w a r d i n g a n d e n t i c i n g o n l y w h e n y o u t a k e i t u p w i t h a m e a n i n g f u l a n d i n - d e m a n d s p e c i a l i z a t i o n . T h e s t a r t i n g p h a s e o f a n M B A p r o g r a m t h a t i n c l u d e s 1s t y e a r i n a 2 - y e a r M B A p r o g r a m a i m s a t f i n i s h i n g t h e c o r e c o u r s e s . T h e c o u r s e c o m p o n e n t s a r e d e s i g n e d a n d d e v e l o p e d t o p r o v i d e l e a r n e r s w i t h a s o l i d f o u n d a t i o n o f t h e b a s i c s a c r o s s d i v e r s e m a n a g e m e n t s u b j e c t s . D u r i n g t h e l a t t e r h a l f o f t h e c o u r s e , y o u c a n g o f o r s p e c i a l i s a t i o n i n a p a r t i c u l a r a r e a . 4 m o s t p o p u l a r a n d i n - d e m a n d M B A s p e c i a l i z a t i o n s w i t h n o s p e c i f i c o r d e r i n c l u d e t h e f o l l o w i n g : 1. Marketing T h e e v e r i n c r e a s i n g c u t - t h r o a t c o m p e t i t i o n i n t h e g l o b a l m a r k e t s h a s c r e a t e d t h e n e e d f o r p o w e r f u l p o s i t i o n i n g a n d o u t s t a n d i n g m a r k e t i n g s k i l l s i n m a r k e t e r s t o c r e a t e t h e n i c h e f o r t h e p r o d u c t s a n d s e r v i c e s t h e y w o r k f o r . M a r k e t i n g p e o p l e a r e r e s p o n s i b l e f o r i n c r e a s i n g m a r k e t s h a r e a s w e l l a s b r i n g i n g i n n e w b u s i n e s s t o c o n t r i b u t e t h e c o m p a n y ’ s g r o w t h . S t u d e n t s o p t i n g f o r M a r k e t i n g a s s p e c i a l i z a t i o n w o u l d b e g e t t i n g i n s i g h t s i n t o t h e f o l l o w i n g : • M a r k e t r e s e a r c h a n d c o m p e t i t i v e a n a l y s i s • C o n s u m e r b e h a v i o u r a n d a n a l y s i s • B u s i n e s s e t h i c s • P r o d u c t a n d b r a n d m a n a g e m e n t • A d v e r t i s i n g , d i g i t a l m a r k e t i n g a s w e l l a s e C o m m e r c e 1. Human Resources A s p e c i a l i s a t i o n i n H R i s a l l a b o u t c o m p r e h e n s i v e l y u n d e r s t a n d i n g t h e a c q u i s i t i o n , m a n a g e m e n t a n d m a n p o w e r r e t e n t i o n w i t h i n a c o m p a n y i n a s y s t e m a t i c a n d w e l l - o r g a n i z e d w a y .

  3. S t u d e n t s o p t i n g f o r H u m a n R e s o u r c e a s s p e c i a l i z a t i o n w o u l d b e g e t t i n g i n s i g h t s i n t o i n - d e p t h k n o w l e d g e a n d t h e a b i l i t y f o r : • M a n a g i n g m a n p o w e r • R e c r u i t m e n t a n d S e l e c t i o n • T r a i n i n g a n d D e v e l o p m e n t • M o t i v a t i n g e m p l o y e e s t h r o u g h p e r f o r m a n c e - b a s e d r e w a r d s • E n s u r i n g h e a l t h a n d s a f e t y o f e m p l o y e e s • M a n a g i n g e x i t s o f e m p l o y e e s f r o m t h e c o m p a n y 3. Finance T h e b i g f a t p a y p a c k e t s o f f e r e d t o t h e M B A s i n f i n a n c e a r e t h e r e a s o n s f o r t h e h i g h i n f l u x o f M B A s i n t o t h e f i n a n c e s t r e a m . S t u d e n t s o p t i n g f o r F i n a n c e a s s p e c i a l i z a t i o n w o u l d b e g e t t i n g i n s i g h t s i n t o t h e f o l l o w i n g : • I n v e s t m e n t b a n k i n g • A s s e t m a n a g e m e n t • H e d g e f u n d s o r p r i v a t e e q u i t y • P o r t f o l i o m a n a g e m e n t • C r e d i t r i s k m a n a g e m e n t • H e d g e f u n d m a n a g e m e n t o r d e r i v a t i v e s . 4. Information Systems T h e g r o w i n g u s e o f i n f o r m a t i o n t e c h n o l o g y h a s t a k e n a l m o s t a l l i n d u s t r y s e c t o r s i n t o i t s g r i p , w h i c h i s w h y t h e r e i s a l w a y s a n e v e r - g r o w i n g d e m a n d f o r p r o f e s s i o n a l s w h o d e m o n s t r a t e a g r e a t c o m b i n a t i o n o f b u s i n e s s s k i l l s a n d s o p h i s t i c a t e d t e c h n i c a l e x p e r t i s e . T h o u g h t h e s p e c i a l i z a t i o n s d e s c r i b e d a b o v e a r e o n l y t h e m o s t p o p u l a r o n e s , t h e r e a r e a l a r g e n u m b e r o f o t h e r o p t i o n s t o o d e p e n d i n g o n w h a t a n y p a r t i c u l a r b u s i n e s s s c h o o l o f f e r s .

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