5 Booming Streams In MBA (Master In Business Administration) 2024
MBA (Master Of Business Education) is a degree that will give you knowledge of all aspects of Business and equip you with leadership skills. The MBA degree is a 2-year degree in India, and students with 10+2+3 years of education are eligible to do this course. An MBA is a good choice if you want to grow your professional career, get a good salary hike, or build a strong business network. The average salary for MBA graduates in India ranges anywhere between 7 LPA and 12 LPA, depending on the university and the specialization. In this blog, we will be looking at 5 streams in MBA that are booming in 2023 so that you can consider these streams while pursuing your MBA degree.
How Can You Pursue an MBA In India?
Anyone can pursue an MBA in India if they have completed their graduation with 50% or above marks or an equivalent CGPA from a recognized university in India. Also, there are many entrance exams that lots of universities prefer, like the CAT, MAT, XAT, and GMAT. By giving these exams and scoring good marks in them, students can approach the respective universities that accept these exam scores. Some Colleges also have their own exams for selecting students.
Top 5 Booming MBA Streams In India
Choosing the right MBA specialization is crucial for one’s career, as it might make a huge difference in one’s MBA degree. We have mentioned five such streams that are booming and have huge potential and career opportunities in the coming years for anyone who chooses these specializations.
MBA In Digital Marketing
MBA In Digital Marketing is a 2-year postgraduate course that teaches students to sell products or services online, create a digital brand presence, and much more. In this digital era, learning an MBA in digital marketing has become a basic life skill that every individual must acquire. An MBA in digital marketing can be acquired through various types of online MBA, part-time MBA, and Distance MBA in India. The average salary for MBA in Digital Marketing graduates ranges from 6 to 8 LPA and is expected to increase exponentially in the upcoming years.
Job roles after pursuing an MBA in Digital Marketing are:
- Digital Marketing Executive
- Digital Marketing Analyst
- Social Media Account Manager
- Search Engine Optimization Executive
- Advertising Executive
- PPC Executive
MBA In Entrepreneurship
MBA In Entrepreneurship is a 2-year postgraduate degree that focuses on making individuals ready to be able to run their own profitable businesses by covering the various aspects of business, from managing people to applying business strategies on their own. An MBA In Entrepreneurship gives students knowledge of all fields required to run a successful business. This stream can also be pursued through online or distance education in India.
Career Profiles after pursuing an MBA in Entrepreneurship are:
- Business Owners
- Business Developers
- Business Consultants
- Business Founders
- Startup Founders
- Product Managers
- Assistant Managers
MBA In Business Analytics
MBA In Business Analytics is a 2-year postgraduate degree spread across 4 semesters. The Business Analytics MBA teaches students to collect data, analyze data, and draw powerful and informative insights from that data to drive sales or mitigate risk factors in an organization. The fee range for this stream is slightly high, ranging from 10 to 25 lakhs, depending on the college or institution. The average salary after completing an MBA In Business Analytics can range anywhere from 6 LPA to 10 LPA, depending on the employer and the student’s skills.
Job roles after completing an MBA In Business Analytics are:
- Data Administrator
- Data Analyst
- Data Architect
- Chief Data Officer
- Risk Analyst
- Market Research Analyst
MBA In Data Science
An MBA In Data Science is a 2-year postgraduate degree that gives students analytical knowledge as well as management skills. For this stream, students have to learn some programming languages, as Data science is a technical skill. Nowadays, companies and organizations are looking for MBA graduates in data science to bring in productivity and streamline processes in the team.
The data science field is increasing exponentially as many companies have started using data to draw insights and make smarter business decisions. Fees for studying an MBA In Data Science range from 2 LPA to 4 LPA in India at good colleges. The average base salary for an MBA in Data Science graduate from a good college can be around 4 LPA to 20 LPA, depending on the organization and the student.
Job roles after an MBA In Data Science are:
- Data Scientist
- Business Analyst
- Data Analyst
- Research Analyst
- ML Engineer
- Data Science Consultant
- Risk Analyst
- Data Analyst Officer
- Market Research Analyst
MBA In Finance
With more and more MNCs and organizations looking for MBA In Finance graduates, this field is booming once again. MBA In Finance is a 2-year postgraduate degree offered by various top colleges in India. It focuses on various aspects of finance and also equips students with aspects of management to open up a wide range of opportunities for them. The fee for pursuing an MBA in Finance can range from 1 LPA to 20 LPA, depending on the college or university. The Average Salary for MBA In Finance graduates is 10 LPA in India.
Job roles after completing the MBA In Finance are:
- Financial Advisor
- Budget Analysis
- Financial Planner
- Financial Analyst
Also Check Out: Difference Between Online MBA And Distance MBA
Why Pursue An MBA?
MBA (Master of Business Administration) degree will teach you all the things necessary or include all the areas in which you would want to start your career. Different universities offer more than 30 different specializations for MBA students to choose from. An MBA teaches you the management skills required for you to excel in organizations and also gives you the option to choose a specialization that you can opt into, like finance, data science, digital marketing, etc. In this way, you get the best of both worlds: managerial skills as well as technical skills that help in your career and business journey.
Faq
Can I pursue an MBA after finishing 12th?
Yes, you can do an MBA after 12th grade by choosing the Integrated MBA course, which is 4 years long and can be pursued after 10 + 2.
What is the average salary after pursuing an MBA?
Salaries after completing an MBA In India range from 7 LPA to 12 LPA.
What is the full form of the MBA?
MBA stands for Master of Business Administration; it’s a two-year postgraduate program in India.
Which job roles do MBA graduates get?
Business Development Manager, Sales Executive, Human Resource Manager, HR Recruiter, Supply Chain Manager, etc.
Which MBA entrance exams are important?
Entrance exams like the GMAT, SNAP, XMAT, CET, and CAT are important for MBA admissions.
