Best MBA Courses in India – An MBA degree is highly sought after due to its prestige, worth, and ability to raise one’s standard of living upon graduation and employment in prestigious positions. In this post, we have listed the most favoured MBA courses as of 2024. Numerous choices exist when selecting an MBA specialisation. Finance, human resource management, and marketing are some of the most sought-after MBA specialisations candidates pursue.
So, if you are an MBA aspirant who is super-confused about choosing the right MBA specialisation, this post is exclusively tailored for you. We have listed the top 10 MBA specialisations trending as of 2024.
What is MBA?
An MBA degree is a postgraduate management degree that can help you set your journey to a thriving management career. However, the domains in management are vast and varying. Depending on the domain you wish to pursue, you must pick the specialisation of your MBA course.
With flying colours, any graduate candidate who has cleared the Common Admission Test, Management Aptitude Test, Graduate Management Admission Test, and AIMS Test for Management Admissions, etc., will get admission to renowned business schools.
MBA Specialisation: Highlights
- Business management institutes in India offer more than 30 MBA specialisations.
- Traditionally, marketing, finance, IT/Systems, international management, Marketing, human resources, entrepreneurship, and operations management have been the go-to choices. They are regarded as the safest career options by candidates.
- Nonetheless, with time and technological advancements, business requirements are also changing. Today, B-schools and candidates are moving towards forthcoming MBA specialisations like Digital Marketing, Business Analytics, Global MBA, etc.
- An MBA degree in niche domains like Hospitality, Communications Management, Health Care Management, Innovation, and Tourism is gaining remarkable traction.
- Candidates should understand the diverse MBA branches to make informed career choices. They need to pick one that resonates with their unique career desire.
Popularity of MBA Courses
Students in MBA programmes in India gain technical, managerial, and leadership skills. The learner is exposed to a variety of management topics in the first year of the two-year post-graduation programme, and in the second year, they can focus on an area of interest. Having this professional qualification gives you access to corporate job opportunities.
The degree prepares one to be an effective entrepreneur in addition to helping one land a well-paying job. While the glamorous job and pay that await new graduates draw them in, experienced professionals view this as a stepping stone to a more advanced position in their careers.
Also Explore: Top MBA Colleges in India 2023
Top MBA Specialisations in India 2024
Listed below are the best MBA specialisations in India. Candidates can go through the list to learn about each MBA specialisation in detail:
1. MBA in Finance | Best MBA Courses in India
Finance is one of the most popular MBA specialisations that deals with the Indian capital and money market, management accounting and control, privatisation and international finance, and banking.
After completing an MBA in Finance, candidates can opt for diverse jobs in financial consultancies, banks, and financial institutions. With a Finance degree, candidates can also find job opportunities in institutional finance, consumer and investment banking, corporate finance, merchant banking, and international finance.
Top Colleges for MBA in Finance Specialisation
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2 Years full time PGP-Finance
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2 years full time PGDM-Financial Management
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2 Years full time M.Sc. Finance
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2. MBA in Marketing | Best MBA Courses in India
MBA in Marketing is another sought-after specialisation among candidates, similar to MBA in Finance. MBA in Marketing provides adequate job opportunities to candidates who wish to navigate the fast-paced world of making big bucks.
This specialisation requires a keen understanding and proficiency in advertising, marketing, and public relations. With an MBA in Sales and Marketing, candidates can fasten their entry and advancement in the corporate sector.
Top Colleges for MBA in Marketing Specialisation
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2 years full time PGDM in Sales & Marketing
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3 years part time MBA in Marketing Management
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3. MBA in Human Resource Management | Best MBA Courses in India
The HRM specialisation of MBAs is highly sought after by industry. The demand for candidates with an MBA in HR is rising year over year in the corporate and industry as managing and keeping the best human resources at the workplace has become a challenge. MBAs in HR are in demand today due to the growing awareness of the crucial issues surrounding the management of human resources in business organisations. These skills are needed to hire, manage, and retain talent in these fast-paced and demanding times.
The MBA HRM specialisation is the best option for you if you have a strong interest in an organization’s most delicate “Human” aspect. The Human Resource Manager is required by the programme to ensure that the business organisation has the necessary number of skilled employees who are adequately knowledgeable about their work and the organization’s objectives. The main goal of the programme is to create sensitive HR professionals with the necessary knowledge, abilities, and skills to handle both core business and HR-related challenges with ease.
Top Colleges for MBA in Human Resource Specialisation
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2 years full time PGDM (HRM)
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2 Years full time MBA HR
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2 years full time M.A. (HRM & LR)
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2 years full time PGP-HRM
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2 years full time PGP-HRM
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2 years full time PGDM (HRM)
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4. MBA in International Business | Best MBA Courses in India
Recently, most companies have sought adept and well-educated experts to manage business operations and administration globally.
An MBA in International Business puts forward a dynamic and fast-paced employment in global business management. Candidates should have a top-level business sense as well as the capacity to settle in a cross-cultural work environment to get through this domain.
Top Colleges for MBA in International Business Specialisation
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2 years full time MBA (International Business)
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2 years full time PGP (International Management)
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2 years full time MBA
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2 years full time MBA
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5. MBA in Entrepreneurship | Best MBA Courses in India
As the name implies, the MBA in Entrepreneurship is designed for candidates who aspire to thrive as successful entrepreneurs. Nowadays, leading organisations recruit managerial specialists to oversee business functioning and provide effective leadership for the company’s continual development. This MBA specialisation focuses on business strategies that foster innovation.
Top Colleges for MBA in Entrepreneurship Specialisation
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15 Months Post Graduate Programme in Management for Family Business (PGP MFAB)
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10 Months Management Programme for Entrepreneurs and Family Businesses (MPEFB)
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2 Years Post Graduate Programme in Family Managed Business (PGP-FMB)
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2 Years MBA- Entrepreneurship & Family Business
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6. MBA in Banking & Financial Services | Best MBA Courses in India
One of the most popular MBA specialisations is in Banking & Financial Services, which addresses the expanding demands of management professionals in the Banking and Financial Services sector. The program’s goal is to produce quality management specialists with managerial and technical proficiency as well as an international perspective.
The curriculum prepares students to become managers in core banking and financial services who can start working right away. Not just in India but all over the world, there is an increasing need for professionals with management expertise who can define and analyse problems, especially those pertaining to banking and financial services, and then apply the right theories, tools, and techniques to solve them.
Top Colleges for MBA in Banking & Financial Services Specialisation
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2 years Full time PGDM-Banking & Financial Services
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2 years full time PGDM-Banking & Financial Services (BFS)
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2 years full time MBA
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2 years full time MBA
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2 years full time MBA
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7. MBA in Business Analytics | Best MBA Courses in India
The need for individuals with the ability to analyse and deconstruct big data is increasing annually, which is why an MBA specialisation in business analytics is becoming more and more significant. Realising the value of a Business Analytics MBA programme, IIMs, prestigious universities, and private management institutes in India are now offering it as one of their specialised management courses. In India, there are over 100 B-schools that offer the MBA in Business Analytics as a specialised management programme or as an exclusive full-time programme.
A few prestigious institutes offer Specialised MBA programmes in this field, although all 2-year Full-Time Regular MBA programmes offer this specialisation in the second year of their programme.
Top Colleges for MBA in Business Analytics Specialisation
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2 years full time MBA Business Analytics (MBA-BA)
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2 years full time Post Graduate Diploma in Business Analytics (PGDBA)
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2 years full time MBA
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1 year Advanced Management Programme in Business Analytics (AMPBA)
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1 year MBA Business Analytics
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Also Read: Top MBA Colleges after Engineering
8. MBA in Healthcare Management | Best MBA Courses in India
The MBA Specialisation in Healthcare Management is a rapidly developing programme that many MBA schools are offering. This programme offers you better career prospects by concentrating on the most pertinent topics in healthcare prevention, treatment and pharmaceutical management, hospital administration and management, and health insurance.
With an MBA in Health Care, you can pursue a variety of management positions in the healthcare industry at different hospitals, diagnostic centres, and health insurance providers.
A few prestigious institutes offer Specialised MBA programmes in this field, although all 2-year Full-Time Regular MBA programmes offer this specialisation in the second year of their programme.
Top Colleges for MBA in Healthcare Management Specialisation
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2 years full time Pharmaceutical Management
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2 years full time PGDM Healthcare Management
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2 years full time MBA
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2 years full time MBA
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Specialisation-wise Salary for MBA Candidates
The table outlined below shows the average yearly salary of an MBA postgraduate in India as per their specialisation:
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₹5,16,447
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₹6,29,880
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₹5,00,000
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₹7,65,000
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₹7,91,000
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₹7,00,000-12,00,000
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₹4,00,000-15,00,000
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₹13,53,000
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₹11,58,763
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₹21,72,225
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Top 10 Colleges/Institutes to Study MBA in India
Here are the top 10 colleges/institutes in India with an AAA+ grade for studying MBA:
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Indian Institute of Management, Bengaluru
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Postgraduate Programme in Management (PGPM)
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Common Admission Test, General Management Aptitude Test
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₹23,20,000
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Indian Institute of Management, Kolkata
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Master of Business Administration (MBA)
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Common Admission Test, General Management Aptitude Test
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₹22,60,000
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Indian Institute of Management, Ahmedabad
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Postgraduate Programme in Management (PGPM)
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Common Admission Test, General Management Aptitude Test
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₹23,00,000
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SP Jain Institute of Management and Research, Mumbai
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Postgraduate Programme in Management (PGPM)
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Common Admission Test, General Management Aptitude Test
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₹24,00,000
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Indian Institute of Management, Kozhikode
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Postgraduate Programme in Management (PGPM)
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Common Admission Test, General Management Aptitude Test
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₹19,00,000
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Xavier School of Management
, Jamshedpur
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Postgraduate Diploma in Business Management (PGDM – BM)
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Xavier Aptitude Test
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₹28,00,000
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Indian Institute of Management, Lucknow
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Postgraduate Program in Management (PGPM)
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Common Admission Test, General Management Aptitude Test
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₹19,25,000
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Indian School of Business
, Hyderabad
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Postgraduate Program in Management (PGPM)
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Graduate Management Aptitude Test, Graduate Record Examination
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₹22,50,000
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Indian Institute of Management, Indore
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Postgraduate Program in Management (PGPM)
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Common Admission Test, General Management Aptitude Test
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₹21,07,000
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Faculty of Management Studies, New Delhi
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Master of Business Administration
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Common Admission Test
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₹1,92,000
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How to Choose the Best MBA Specialisation?
So, how should one select an MBA specialisation? When pursuing a PGDM or MBA, you must carefully consider which MBA specialisation is best. In addition, in the second year of the course, in addition to thinking about the important aspects of selecting an MBA specialisation, you should also consider whether enrolling in a full-time specialised MBA programme will be more beneficial for you.
The criteria listed below will assist you in making the best choice.
- Your Objectives and Interest: If you have a strong desire to work in a certain field, you should decide which MBA specialisation best suits your interests and goals.
- Potential Jobs and Careers: To anticipate future career advancement with the specialised MBA programme, it is crucial to review the program’s past placement record.
- Rankings and Reputation of Specialised MBA Programmes: The list of MBA specialisations is extensive, and you must select the top universities from it. Therefore, confirm the B-school’s accreditation, ranking, and reputation before completing your admissions.
Also Read: 10 Reasons to Choose MBA as Your Career
Conclusion
We hope this post has answered the most trending MBA specialisations in India. When selecting your MBA specialisation, you must align it with your skills, personality, and career goals for a more tailored and fulfilling choice.
FAQs- Best MBA Courses in India
Q.1 Which MBA is best in India?
The Indian Institutes of Management (IIMs), XLRI, ISB, IIT, SPJIMR, FMS Delhi University, MDI, IMT, and numerous other institutions are among the best MBA programmes in India.
Q.2 Which MBA course has best scope in India?
The most sought-after specialisation is an MBA in finance due to the enormous growth potential in this field. The planning and management of an industry’s financial resources is the main focus of the study of financial management.
Q.3 Which MBA is good for future?
- Digital Marketing MBA
- Business Analytics MBA
- Data analytics MBA
- Entrepreneurship MBA programme
- a finance MBA
- Strategy MBA
- International Business MBA
- Management of Human Resources MBA
Q.4 Is MBA good for future?
An MBA can open up a world of opportunities for you, which is one of the main reasons it’s important. For managerial roles, elite B-school graduates in management are usually preferred by top organisations.
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