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Best In Demand MBA Specialization This Year

Embark on a prosperous journey with the best MBA specializations, shaping future leaders for India's growth.

Best In Demand MBA Specialization This Year
Home > Blogs > Best In Demand MBA Specialization This Year

    Introduction to the Best MBA Specializations

    Gross Domestic Product (GDP) can be defined as the monetary value of all finished goods and services produced in a country in a specified period. GDP is an indicator of growth and the size of the economy. 

    India’s GDP has crossed the $3.75 trillion mark this year. This all is possible because of the business acumen of our entrepreneurs. Knowledge of business administration amongst the young brigade is essential for boosting the economy at an accelerated pace. 

    The onus to disseminate knowledge of business administration amongst the budding talents lies on the shoulders of the expert academia imparting learning in the Indian Universities.  

    Knowledge of financial management is germane to business, trade, and industrial growth. With the best MBA specialization, exponential growth in the GDP of India is possible as the teachings of MBA programmes not only provide employment to the students but also season the young talent to be the entrepreneur themselves and contribute to the industrial growth and development of the country in a big way. MBA scope in India can be judged by looking at the economic growth trajectory of India.

    The role of academia in imparting learning about the Best MBA specializations is tremendous as with experiential learning; coupled with case studies and workshops, the students become accustomed to real-world difficulties and industry-related problems. 

    The Best MBA specializations polish and season the young talent to enable them to head start their entrepreneurship journey. Best MBA specializations are most sought as the budding talent wishes a dignified place for India in the comity of nations. 

    Every citizen wants to be associated with the economic development and growth of the motherland. To equip themselves with the requisite business administration acumen, the Best MBA specialization programmes have been the most sought-after. Thousands of aspiring students are eager to learn the Best MBA specialization programmes. 

    To cater to the emerging demand for the Best MBA specialization programmes, Indian Universities have started offering the Best MBA specialization programmes in regular, Distance, and Online and Part-time learning modes for the ease of the students who seek to enroll in the Best MBA specialization programmes without fail. 

    The cycle of time is rolling at its own pace. With the advancement of technology, the common person's life has been transformed. New and innovative ways of business processes in the form of Digital Marketing have emerged. 

    The conventional methods of business administration are no longer so impactful. Digital Marketing has become the new norm for growth and economic development. Often, students ask which MBA specialization is best for the future.

    The Universities and Colleges are offering the Best MBA specialization programmes. 

    Innovative ways of doing business with confidence and an out-of-the-box thinking approach are the need of the hour in the competitive market. Indian trade and business must grow as India can not afford to be sluggish and slow. 

    Study of varied MBA streams from the MBA specializations list is necessary for the engines of growth, i.e., roads, railways, airports, ports, mass transport, waterways, and logistics infrastructure, to propel in the forward direction at a rapid pace. 

    For the businesses, the management and administration of Finances is crucial. The answer to the queries- Which MBA specialization is in demand, best MBA courses, and which field is best in MBA or the MBA scope in India, lies in the MBA Finance, which is most sought after. 

    Realizing the importance and potential of entrepreneurship, the Entrepreneurship Skill Development Programmes (ESDPs) are being organized regularly to nurture youth talent by enlightening them on various aspects of industrial / business activity required for setting up Micro and small enterprises. 

    ITIs, Polytechnics, and other technical institutions offer various programs to motivate the youth towards self-employment.

    Aspiring students searching to find out which field is best for an MBA or the MBA scope in India must have clarity about the classification of Micro, Small, and Medium Enterprises in India. 

    For a better understanding of the same, the classification of Manufacturing Enterprises and Enterprises rendering Services is detailed below in tabular form in Table-A.

    Table A: Classification of Manufacturing Enterprises and Enterprises Rendering Services

    Classification

    Micro

    Small 

    Medium

    Manufacturing Enterprises and Enterprises rendering Services

    Investment in Plant and Machinery or Equipment: Not more than Rs.1 crore and Annual Turnover; not more than Rs. 5 crore

    Investment in Plant and Machinery or Equipment:

    Not more than Rs.10 crore and Annual Turnover; not more than Rs. 50 crore

    Investment in Plant and Machinery or Equipment:

    Not more than Rs.50 crore and Annual Turnover; not more than Rs. 250 crore

    Aspiring students eager to find out which field is best for an MBA or the MBA scope in India must also be aware of the contribution of various sectors to the country's GDP. The same is also indicated in the tabular form in Table B given below:-

    Table B: Contribution of Various Sectors in GDP

    Contribution of Various Sectors in GDP

    Sectors

    Contribution in GDP

    Services, Trades, Hotels, Transport and Communication; finance, real estate, insurance, business services, community, social and personal services 

    More than 60%

    Agriculture, Forestry and fishing

    12 % of GDP but employs more than 50% of the workforce

    Manufacturing 

    15%

    Construction 

    8%

    Mining, quarrying, Electricity, Gas and Water Supply 

    5%

    For the ease of the learners, various leading Universities offer Distance Learning MBA in India at an affordable cost, allowing the flexibility to learn from anywhere, anytime. Details about the best MBA specializations offered by renowned Online Universities are provided herein below:-

    1. Mangalayatan University

    Mangalayatan University offers the best MBA courses. The details about the best MBA specializations offered by Mangalayatan University are given below in Table C:-

    Table C: Details of the Best Two Years MBA Specializations offered by the Mangalayatan University

    Programme

    Eligibility

    MBA Digital Marketing (Collaboration with TCS )

    50% Marks in Graduation

    MBA Business Intelligence & Data Analytics (Collaboration with TCS )

    50% Marks in BE/B.Tech./Graduation in Maths or Equivalent in any discipline

    MBA Hospital Administration

    50% Marks in Graduation

    MBA Dual specialisation

    50% Marks in Graduation

    Candidates looking for the answer to the question stream is best for an MBA may cast a glance at the MBA specializations list for the working professionals under the Work Integrated Learning Programme (WILP )

    Table D: MBA Specializations List for the Working Professionals under the Work Integrated Learning Programme (WILP )

    S.No

    MBA specializations list for the working professionals under Work Integrated Learning Programme (WILP )

    1

    MBA- Rural & Agri-Business, a Lateral Entry for a Working Professional Program, recognized by UGC.

    2

    MBA- Tourism & Hospitality Management

    3

    MBA- Entrepreneurship, a Work Integrated Learning Programme (WILP), recognized by UGC.

    4

    MBA- Rural & Agri-Business, a Lateral Entry for a Working Professional Program, recognized by UGC.

    5

    MBA- Aviation Management 

    6

    MBA- Business Analytics & Big Data, a Lateral Entry for a Working Professional Program, recognized by UGC.

    7

    MBA- Supply Chain Management, a Lateral Entry for a Working Professional Program, recognized by UGC.

    8

    MBA- Logistics Management, a Lateral Entry for a Working Professional Program, recognized by UGC.

    9

    MBA- International Business, a Lateral Entry for Working Professional Program, recognized by UGC.

    10

    MBA- Human Resources Management is a Lateral Entry for a Working Professional Program, recognized by UGC.

    11

    MBA- Financial Management is a Lateral Entry for a Working Professional Program, recognized by UGC.

    12

    MBA- Marketing Management, a Lateral Entry for a Working Professional Program, recognized by UGC.

    Eligibility Criteria

    • Working Professionals with Graduation have a minimum of 45% marks or equivalent. 
    • At least one year of work experience.

    Course Fee Structure

    • Application Fees (one time): INR 1,000
    • Semester Fees (per semester): INR 25,000
    • Examination Fees (per semester): INR 1,000 

    2. Uttaranchal University

    The University, a private university based in Dehradun, Uttarakhand, was established in 2013 pursuant to the Uttaranchal University Act, 2012 (Uttarakhand Act No. 11 of 2013). 

    Under Sections 2(f) and 12(B) of the UGC Act, 1956, Uttaranchal University has received recognition from the University Grants Commission, Government of India.

    Uttaranchal University offers two 2-year (4 Semesters) Online Master of Business Administration program that requires a commitment of 8-10 hours per week from the learners. The model of teaching is Live +Recorded.

    Eligibility Criteria

    A Bachelor’s degree of a minimum of three years duration with a minimum of 50% marks for the General and 45% marks in case of Reserved Category in the qualifying examination. 

    Course Fee Structure

    • ₹ 17,000/ Semester (Total fees: ₹ 68,000)
    • Yearly Fee payments ₹ 33,000/ year (Total fees: ₹ 66,000)

    3. Jain Online Deemed-To-Be-University

    Jain Online Deemed-to-be-University is entitled by the University Grants Commission (UGC) to offer Online degree programs. The University's Online MBA and MCA programs are duly approved by the All India Council of Technical Education (AICTE). Jain University offers the best MBA specialization in India.

    The question often posed by students is which MBA specialization is best for the future. The answer to their question is simple: sector-specific MBA specializations are beneficial, but students may struggle to transition into different career responsibilities in other industries. 

    HRM may be unable to do the duties of finance and investment banking, much like an MBA. The MBA-General, however, could diversify in any industry.

    Eligibility Criteria

    • For MBA and MCA, pass an Undergraduate (Bachelor) Program of three (3) years in any stream from a Recognized University, with a minimum aggregate of 50% or an equivalent letter / numerical grade. 
    • SC/ST applicants will receive a 5% relaxation.

    Online MBA specializations list offered by Jain Online Deemed-to-be- University is given below in Table -E.

    Best MBA courses of Jain Online Deemed-to-be-University

    Table E: Online MBA Specializations List Comprising the Best MBA Courses of Jain Online Deemed-to-be-University

    Programme

    Fee in INR

    Online MBA in Retail Banking Operations

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    Online MBA in Banking And Finance

    Semester-wise

    ₹62,500 x 4 Semesters

    Total Fees

    ₹250,000/-

    Business Intelligence and Analytics (Accredited by IoA, UK)

    Semester-wise

    ₹65,000 x 4 Semesters

    Total Fees

    ₹260,000/-

    Digital Marketing and E-commerce

    Semester-wise

    ₹60,000 x 4 Semesters

    Total Fees

    ₹240,000/-

    Entrepreneurship and Leadership

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    Finance

    Semester-wise

    ₹37,500 x 4 Semesters

    Total Fees

    ₹150,000/-

    Finance and Marketing

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    General Management

    Semester-wise

    ₹37,500 x 4 Semesters

    Total Fees

    ₹150,000/-

    Healthcare Management

    Semester-wise

    ₹42,500x 4 Semesters

    Total Fees

    ₹170,000/-

    Human Resource Management

    Semester-wise

    ₹37,500 x 4 Semesters

    Total Fees

    ₹150,000/-

    Human Resource Management and Finance

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    Information Technology Management

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    International Finance (Accredited by ACCA, UK)

    Semester-wise

    ₹65,000 x 4 Semesters

    Total Fees

    ₹260,000/-

    Logistics and Supply Chain Management

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    Marketing

    Semester-wise

    ₹37,500 x 4 Semesters

    Total Fees

    ₹150,000/-

    Marketing and Human Resource Management

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    Project Management

    Semester-wise

    ₹42,500 x 4 Semesters

    Total Fees

    ₹170,000/-

    Strategic Finance (Accredited by CPA, US + CMA, US)

    Semester-wise

    First year

    ₹65,250 x 4 Semesters

    Total Fees Rs. 2,60,800

    Systems and Operations Management

    Semester-wise

    ₹37,500 x 4 Semesters

    Total Fees

    ₹150,000/-

    Learning is a continuous process. The most interesting thing is that there is no age bar to learning. The learning process begins from the cradle and ceaselessly goes on and constantly gets propelled by a person's will and inner strength. The intense desire to learn more and more never gets dampened, for the pool of knowledge in the world is so vast.

    Despite enriching oneself greatly, one who has attained mastery of a particular subject longs to learn more by the inferno within. A stage comes when people start looking for courses after an MBA. 

    Their pursuit of unraveling the myths and mysteries leads them to think innovatively, adopt a unique style, and evolve a unique way of addressing the ever-molding challenges of the real world, which, too, doesn’t prefer to remain constant and static. 

    Courses after an MBA are offered by Universities across the globe.

    The answer to the question of which stream is best for an MBA lies in the fact that it is the individual's personal choice. For students with an engineering background, the answer to the question of Which stream is best for an MBA may be an MBA in Data Science and Analytics. Similarly, for a student of Commerce background, the answer to the question- Which stream is best for an MBA? Maybe- an MBA in Finance.

    Career options after MBA

    Various Institutions offer meaningful courses for those who aim to reach higher summits. The most sought-after options for pursuing the courses after an MBA are-

    Financial Risk Management (FRM), Certified Information Systems Auditor (CISA), Chartered Financial Analyst (CFA) comprising three Levels, Certified Financial Planner (CFP), PhD in Management.

    Apart from the above, there are various certificate and Postgraduate Diploma programs such as Certification in Risk Management Assurance [CRMA], ISB’s Certificate Programme in Business Analytics, Project Management Professional (PMP), Post Graduate Diploma in Computer Applications (PGDCA), Certificate in Production and Inventory Management (CPIM), Data Science & Data Analytics programs offered by Coursera in partnership of IITs.

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    Conclusion of the Best MBA Specializations

    Thus, choosing MBA streams is a matter that much depends upon the likings and interests of each individual. There is a long list of the best MBA specializations to choose from. 

    Renowned Universities in Online and Distance Learning offer MBA streams at an affordable cost. Interested candidates generally question which MBA specialization is in demand. MBA Finance, General, and Business Intelligence and Analytics are the most sought-after. 

    Considering the immense potential in business development and industrial growth in India, the best MBA specialization in India or which MBA specialization is best in the future depends on the personal likings and interests of the individual. 

    After earning the coveted MBA degrees, students earn good money by assuming the roles of Marketing Manager, Business Operations Manager, Health Services Manager, Financial Manager, Computer and Information Systems Manager & Investment Fund Manager, etc. 

    The team of Distance Pathshala establishes an everlasting bond with aspiring students who are in their quest for the best Online and Distance Learning programmes. 

    The seasoned team of Counsellors and coaches of the Distance Pathshala listens patiently to the needs and requirements of the aspiring students, assesses their financial position, and renders personalized coaching and guidance to them in selecting the best Online and Distance Learning programme at an affordable cost. 

    Based on the fulcrum of trust and faith, a bond gets permanently established between the aspiring students and the efficient team of Distance Pathshala. Learners must feel free to approach the experts of Distance Pathshala, who are always willing to help aspiring students.

    FAQs of the Best MBA Specializations

    The most sought-after MBA programmes are the MBA specializing in Business Analytics & the MBA in Finance, which provides the highest salary.

    It is a matter of the individual’s choice.

    All MBA programs need a certain level of commitment, dedication, and devotion. However, an MBA in operations management is one of the toughest MBA specializations.

    The salary of an MBA in Banking is Rs. 3 – 7 Lakhs.
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