7 Highest Paying MBA Specialisations and Jobs in India
Pursuing an MBA can mean that you have exciting career prospects lined up ahead of you. On the other hand, choosing the right specialisation can be quite daunting. To help you out, here are 7 MBA streams that can land you some of the highest paying jobs as a fresh MBA graduate:
- Financial Management
The finance sector is one of the most thriving specialisations of an MBA degree. This degree can pave the way for you to gain lucrative career opportunities in investment banks, insurance firms, securities firms, and many such corporate ventures. You would be responsible for devising financial plans and strategies, managing mergers or alliances, maintain immaculate balance sheets, and take many such financial management decisions on a day-to-day basis. With this degree you can be hired as a Cash Manager, Risk and Insurance Manager, Investment Banking Associate, Banker, Treasurer, and more.
- Human Resource Management
A Human Resource Manager has to wear multiple hats during the course of the job as they are responsible for recruitments, training and developing the current talent pool, maintaining and managing a cross-cultural environment, and assessing employee performance appraisals. If you think that you have what it takes to step into the corporate jungle and juggle multiple tasks on the go, then an MBA with specialisation in Human Resource Management could be the right specialisation for you. You must ensure that your communication and interpersonal skills are impeccable before considering this career option.
- Logistics and Supply Chain Management
Logistics and Supply Chain Management is an exponentially growing field owing to the boom in the e-commerce industry. An operations manager is the person who needs to be involved in each and every level of the supply chain. It is a challenging role with a vast scope for growth in the industry. An operations manager will also have to manage the task of overseeing the manufacturing, distributing, and overall handling of products, depending on the industry in which they are employed. An MBA in Logistics and Supply Chain Management is a degree which can ensure your entry into a range of fields on a national as well as an international scale.
- Fashion Business
The fashion industry is one that has undergone constant and tremendous change over time. As the needs of the customer have evolved, there is a growing need for fashion houses across the world to implement a well-structured business plan to ensure their sustained growth. Fashion business managers are hired with the key goal of taking the business forward and making sure that the business can maintain a steady growth despite tremendous competition. An MBA in Fashion Business can come handy if you are a fashion designer who wants to launch their own brand in a systematic manner. Either way, this degree can yield tremendous results in terms of lucrative job opportunities.
- Healthcare and Hospital Management
Since the healthcare industry is adapting various technological advancements to ensure better patient treatment and care, hospitals are in dire need of qualified managers to handle administrative duties. Hospital managers are tasked with working with doctors, drafting and enforcing policies, supervising patient care and satisfaction, handling annual budgets, overseeing the accounting and marketing of the hospital, and ensuring that the hospital is running smoothly. Students who are looking for a challenging career which also deals with the betterment of society at large can choose to pursue an MBA in Healthcare and Hospital Management.
- Banking and Finance
The banking and financial sector has grown tremendously since its inception. With more and more private banks and financial institutions cropping up nationally and internationally, there is a drastic shortage of employable professionals who are experts in the arena. Private Banks, Government Banks, Educational Institutes, BPOs, and Financial Departments of Corporations, Stock Exchanges, and many such institutions are looking to employ professionals holding an MBA degree with specialisation in Banking and Finance.
This is one of the most unique MBA specialisations and also one that has the potential to kick start a bright career. An MBA-SAP is a novel course as it combines management training skills and IT skills into one unified course that gives graduates an edge over their competitors in the job market. The SAP certification offers a range of modules such as Sales and Distribution, Human Capital Management, Finance and Controlling, Material Management, and Production Planning, to name a few, that you can choose from as a viable career option depending on your interest and aptitude.
Sandip University offers an MBA degree with a wide range of specialisations that can help you launch a brilliant career. The University is set in a magnificent 250+ acre Wi-Fi enabled campus that is home to modern classrooms, fully-equipped laboratories, a well-stocked library, hygienic canteens, 24×7 security services, and many such amenities that are bound to transform your educational experience.
Revive your ambitions and give your career the right boost at Sandip University. Visit www.sandipuniversity.edu.in for more information.