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Now a day MBA has become the most sought after degree for the younger generation. Having earned your technical degree, the MBA is the only course that equips you with the managerial qualities that not only give you a lucrative pay package and placement, but also an advantage in terms of a management position while others are still out there. struggling in basic functional. areas
With the world having opened up so widely to commercial activities, many new specializations with outsized prospects have also emerged.
MBARetail– the rise of the large middle class in India and similar trends in Brazil and China, a huge customer base of no less than 1 billion has seen global multinational companies enter the retail market in a big way. For a developing country like India, the retail industry is having a current growth rate of 8.5%. Currently around 325 department stores, 300 new shopping centers and 1500 supermarkets are being built. This shows that there is tremendous room for growth in the Indian retail market. You can very well estimate the type of job opportunities that the retail industry will offer. After huge retail success in the US, global giants like Tesco, Metro AG and Wal-Mart will soon be entering these economies as well.
MBA International Business– Post liberalization and globalization, more or less all the world’s economies have opened their doors to international markets. This offers an excellent opportunity for companies to enter distant markets and make a profit. There is a high demand for qualified managers who are well aware of the international business scenario where through their business acumen they can set up the company smoothly and profitably. Therefore, International Business has become the most sought after course as it is necessary to be well acquainted with the international business environment, diplomatic borders, legal practices and finance, marketing and international business practices.
MBAPharmacy– With the advent of the open economy concept, pharmaceutical companies are now looking for international subsidiaries to serve the world population. Especially after India and Pakistan signed the WTO deal, many pharmaceutical giants are now gearing up for new drug development and delivery systems to cater to emerging markets. Another factor that has made this sector even more attractive is the rise of lifestyle diseases. Patients with diabetes, hypertension, and obesity are growing in geometric progression, and serving this growing patient base is a Herculean task.
MBAFinance– Current business practices globally aim to make an organization highly responsive to constantly changing financial conditions. Organizations need to be very dynamic to seamlessly adapt their balance sheets according to the business environment, therefore now Finance is not just about money management but also includes fund generation, investment planning, acquisitions, stocks and the study of global financial trends. Strategically also financial management has become a very important tool to decide the long-term objectives of an organization. Jobs in this sector have become equally vast as more and more CFA, ICFAI, CS enter this sector to make it more dynamic and competitive.
MBA Banking and insurance– The deregulation of the banking sector resulted in a tremendous growth of this sector as the quality of services has improved and more competitive companies have evolved globally, adding many job opportunities in this sector. The insurance sector has also been approved for private insurance companies under the IRDA Act 1999. The Indian insurance industry has shown an annual growth rate of 15-20% while the banking index has grown at a compound annual rate of more than 51% since April. 2001 compared to 27 percent growth in the market index. The major players are ICICI, Reliance, HDFC, SBI and the list is endless. These facts are self-evident enough to demonstrate the scope of the banking and insurance industry in the MBA curriculum.
Master in Human Resources– For a long time, HR was always thought of as a recruiting payroll and training department. In recent years, human resources have begun to play a more dynamic role in the growth of the organization. Training has now been extended to behavioral aspects with increasing emphasis on honing individual brilliance. HRM has now become HRD. In addition to the internal department, the HR industry has expanded into consulting firms and employment agencies. Major players like Ernest & Young, Mafoi, ABC Consultants, Datamatics have given the HR industry a new look and identity. This requires highly qualified MBA professionals with greater knowledge in understanding human resources and their optimal utilization.