5 Popular MBA Specializations to Pursue after Engineering

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[{"type":"txt","id":"rich_1494914383382","data":"With more and more students taking up engineering, the number of MBA grads is at an all time high. And for good reason too - an MBA builds strong foundations in business concepts, which is very sought-after by most companies nowadays. It also opens up new global avenues for growth, as most companies value an MBA degree very highly. An engineer, powered with MBA degree, commands a better pay package than any other course. An engineering student\u2019s average package is around 11 lakh, but if they combine degrees of most sought-after institutes, then the package shoots up to 18 lakh for freshers. So, from the corporate world's perspective, the market has always valued a good combination of techno-managerial skills.<\/p>"},{"type":"txt","id":"rich_1494918828727","data":"To refresh, an MBA, or Master's in Business Administration is a globally accepted master's level degree in business and finance. It is typically a two-year program which aims at making a candidate more proficient in all aspects of management and an expert in one particular specialization. Choosing a specialization is mandatory because recruiters come to the campus to hire students for their specialized skills and not just the general managerial skills.<\/p>That's why we've made a list of the five most popular and sought-after MBA specializations of today.<\/p>"},{"type":"txt","id":"rich_1494919351032","data":"1. MBA in FInance<\/b><\/p>An MBA in Finance is one of the most popular and highly opted specializations of an MBA. The students will be exposed to analytical thinking, managerial decision, estimating profits and losses of a company\/Industry, coordination process along with centralized nature. The curriculum focuses on factors of production, maintain a budget of a company, investment and securities and working capital. An engineer develops good mathematical and analytical skills during graduation which helps greatly in understanding subjects like Accounts and Economics because you can co-relate the problems with practical scenarios. <\/p>"},{"type":"img","id":"img-uid-1494925192632","data":"591abfd343850"},{"type":"txt","id":"rich_1494919889277","data":" 2. MBA in Marketing <\/b><\/p>There is a huge demand for engineers with marketing specializations. Marketing is the core department for any company, and having a person with an engineering background and marketing expertise is highly valuable to the organization. An MBA in Marketing would help a student understand market behaviour, consumer behaviour, aspects of advertising, and many other crucial skills that surround the marketing activities of any product or service.<\/p>"},{"type":"img","id":"img-uid-1494925200715","data":"591abfdbec2dd"},{"type":"txt","id":"rich_1494920292528","data":" 3. MBA in Human Resource Management(HRM)<\/b><\/p>There are various job opportunities in the field of human resource management. All industries need to hire an HR administrator to settle and handle the activities regarding the hiring of employee, their benefits, compensation, salary settlement, training & development and maintain the work performance of the employee, and ensure that all activities is done as per the company policy. If you possess good communication skills, have a charismatic personality and are reliable and confident, an MBA in HR is the right choice for you. <\/p>"},{"type":"img","id":"img-uid-1494925220136","data":"591ac00ba59c0"},{"type":"txt","id":"rich_1494920493672","data":" 4. MBA in International Business(IB) <\/b><\/p>With the advent of globalization and opening up of world economies, an MBA in International Business is the way to go. It aims to teach students about the procedures and documentation involved in export and import, methods of approaching customers in foreign countries, currency conversation and fluctuation and raising capital from international market and distribution market. In addition, this would also increase your chances of travelling around the world to develop a cross-cultural perspective. <\/p>"},{"type":"img","id":"img-uid-1494925273718","data":"591ac02ba9595"},{"type":"txt","id":"rich_1494920885150","data":" 5. MBA in Operations Management<\/b><\/p>Operations Management is best suited for Mechanical Engineers, as it requires a deep knowledge if product development and designing, and process optimization. You learn how to process flaws, develop vendor and inter-departmental relationships, and will help you to acquire a set of generic processes and techniques that help in efficient management of production and quality management in the industry.<\/p>"},{"type":"img","id":"img-uid-1494925290178","data":"591ac03ba46f8"},{"type":"txt","id":"rich_1494921559428","data":" We hope this helped you out in getting a clearer idea about the various options available to you if you want to pursue an MBA.<\/p>"}]

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