MBA: The Why, The Whats & The Hows

Which MBA Stream is Best in the World? Top 10 Streams for MBA

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Yocket Editorial Team
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An MBA can be a game-changer for your career, opening doors to new heights. Many MBA specializations, each catering to different interests and industries have evolved due to the dynamic business world. An MBA specialization acts like a laser focus on a particular business area, equipping graduates with in-depth knowledge and refined skills. 

Are you feeling overwhelmed by the vast ocean of MBA specializations? You're not alone! Yocket Premium is your personalized guide to navigating the exciting world of MBA specializations. We have helped over 10,000 students get into the Top Universities worldwide and 3,000 out of them are in the Top 100 Universities. To get our unbiased and personalized counseling, join Yocket Premium today!

Table of Contents

  • Top MBA Streams in the World
  • Top MBA Colleges in the World
  • Eligibility Criteria for Top MBA Colleges in the World

Top 10 Best MBA Streams in the World

When you have to choose the top MBA specializations, various factors such as industry demand, salary potential, and personal interest should be taken into consideration. Here are some of the most sought-after MBA specializations:

1. MBA in Finance

If you have an aptitude for handling money and an interest in the stock market, an MBA in Finance may be a great choice.

  • An MBA in finance equips you with the skills to excel in financial management roles, by teaching you practical and theoretical skills. 
  • You can get various jobs, from overseeing budgets to making strategic investment plans after an MBA in Finance.
  • Here you learn about operation budgets, risk analysis, and estimation of capital structures and expenditures.
  • It is one of the highest-paying specializations in MBA, with an average salary of USD 150k (INR 1.25 crore)

Top Universities to Pursue an MBA in Finance

Some of the best universities to pursue an MBA in Finance are:

  • Wharton School of Business
  • Harvard Business School
  • HEC-Paris

Jobs and Salary After an MBA in Finance

Some of the top jobs you can do after an MBA in Finance are as follows:

Job Title

Average Salary

Investment Banker

INR 1 CPA

Finance Manager

INR 80+ LPA

Business Consultant 

INR 80+ LPA

Suggested: Best Universities in the USA for MBA Finance

2. MBA in Marketing

An MBA in Marketing is one of the most sought-after specializations. Because of its transferable skills, it is highly recommended.

  • An MBA in Marketing provides a well-rounded education in marketing, advertising, sales, and product management.
  • An MBA in Marketing prepares you for diverse career paths. You can be a product manager or oversee the marketing operations of an MNC.
  • Some important topics covered in a marketing MBA are market research, organizational strategies, and client behavior.
  • You can expect an average salary of USD 80,000 (INR 66 lakh) after an MBA in marketing.

Top Universities to Pursue an MBA in Marketing

Some of the best universities to pursue an MBA in Finance are:

  • Kellogg School of Management
  • National University of Singapore
  • University of Cambridge

Jobs and Salary After an MBA in Marketing

Some of the top jobs you can do after an MBA in Finance are as follows:

Job Title

Average Salary

Brand Manager

INR 12 LPA

Marketing Manager

INR 47 LPA

Product Manager

INR 60 LPA

Suggested: Best Colleges for MBA in Marketing Abroad

3. MBA in HR

If you are passionate about people and creating a positive work environment, then an MBA in human resources management (HRM) might be for you. 

  • An MBA in HR equips you with the skills to handle real-world HR issues, from talent acquisition to employee relations.
  • You cover topics like shaping organizational culture, hiring talent, structuring, managing employee welfare, and handling compliance.
  • After you graduate with an MBA in HR or human resource management, you can get an average starting salary of USD 55,000 (INR 46 lakh).

Top Universities to Pursue an MBA in Human Resource Management

Some of the best universities to pursue an MBA in HRM are:

  • Cornell University
  • University of Toronto
  • University of Melbourne

Jobs and Salary After an MBA in Human Resource Management

Some of the top jobs you can do after an MBA in HRM are as follows:

Job Title

Average Salary

Human Resource Manager

INR 67 LPA

Director of Human Resources

INR 80 LPA

Staffing Manager

INR 50 LPA

Suggested: Best Colleges for MBA in HR in the USA

4. MBA in Operations Management

An MBA in operations management is ideal for those who want to ensure operational tasks and customer satisfaction. 

  • An MBA in ORM focuses on improving efficiency and quality in both manufacturing and service businesses.
  • ORM professionals strategize how to improve overall performance and costs of products and services.
  • Here, you learn quality control, internal and external operations, fund allocations, and management of resources. 
  • An average salary after an MBA in Operations Management is USD 100,000 (INR 80 lakh).

Top Universities to Pursue an MBA in Operations Management

Some of the best universities to pursue an MBA in ORM are:

  • MIT Sloan School of Management
  • Indian Institute of Management, Calcutta
  • Ross School of Business

Jobs and Salary After an MBA in Operations Management

Some of the top jobs you can do after an MBA in ORM are as follows:

Job Title

Average Salary

Operations Manager

INR 1.1 CPA

Supply Chain Management

INR 76 LPA

Quality Analyst

INR 70 LPA

 

Suggested: MBA in Business Administration – Operations & Supply Chain Management

5. MBA in International Business

An MBA in International Business is ideal if you want a global perspective and enjoy working in international markets.

  • An MBA in International Business helps you gain a comprehensive understanding of global business challenges. 
  • The globalized business world makes an MBA in international business a strategic choice. This program prepares you for International trade, finance, and cross-cultural management complexities.
  • An average salary after an MBA in International Business is USD 175,000 (INR 1.4 crores).

Top Universities to Pursue an MBA in International Business

Some of the best universities to pursue an MBA in International Business are:

  • Harvard Business School
  • London Business School
  • INSEAD

Jobs and Salary After an MBA in International Business

Some of the top jobs you can do after an MBA in International Business are as follows:

Job Title

Average Salary

International Business Manager

INR 90 LPA

Global Supply Chain Analyst

INR 83 LPA

International Trade Specialist

INR 66 LPA

Suggested: MBA in International Business Consulting at HO

6. MBA in IT

With technology playing an ever-increasing role in business, an MBA in information technology (IT) equips you with the skills to bridge the gap between business and IT. This specialization is a great option for those aspiring to IT leadership roles.

  • You will cover multiple IT concepts, such as software engineering, web designing, and coding.
  • IT professionals mostly pursue it and have a lucrative career trajectory.
  • An MBA in IT equips you with information and computing technology management, technical operations infrastructure, and testing, evaluating, and troubleshooting IT systems.
  • An average salary after an MBA in IT is USD 115,000 (INR 95 lakh).

Top Universities to Pursue an MBA in IT

Some of the best universities to pursue an MBA in IT are:

  • Said Business School, University of Oxford
  • Columbia Business School
  • HEC-Paris

Jobs and Salary After an MBA in IT

Some of the top jobs you can do after an MBA in IT are as follows:

Job Title

Average Salary

CTO (Chief Technology Officer)

INR 1.2 CPA

IT Project Manager

INR 1.1 CPA

Analytics Manager

INR 45 LPA

Suggested: Masters in Information Technology and Management

7. MBA in Data Analytics

In today's data-driven world, an MBA in data analytics puts you at the forefront of using data to make informed business decisions. 

  • An MBA in Data Analytics equips you with the skills to mine data, analyze results, and communicate findings effectively.
  • Here you learn skills like data mining, data analysis, statistical analysis, machine learning, and data visualization.
  • The average MBA in Data Analytics salary is USD 86,000 (INR 72 lakh)

Top Universities to Pursue an MBA in Data Analytics

Some of the best universities to pursue an MBA in Data Analytics are:

  • Indian Institute of Management, Bangalore
  • University of Warwick
  • Carnegie Mellon University

Jobs and Salary After an MBA in Data Analytics

Some of the top jobs you can do after an MBA in Data Analytics are as follows:

Job Title

Average Salary

Data Analyst

INR 88 LPA

Data Scientist

INR 95 LPA

Machine Learning Engineer

INR 1.3 CPA

Suggested: Best Colleges for MBA in Business Analytics in the World

8. MBA in Event Management

Event management is a fast-paced and exciting field. An MBA in event management provides the skills and knowledge to succeed in this industry, from event marketing to logistics and risk management.

  • In an MBA for event management, you cover event marketing, budgeting, logistics, and risk management. 
  • Its curriculum is tailored to equip individuals with the skills and knowledge needed to thrive in the dynamic field of event management.
  • Here, you learn to conduct real-life projects with industry experience.
  • The average annual salary of an MBA graduate in event management is USD 70,000 (INR 58 lakh)

Top Universities to Pursue an MBA in Event Management

Some of the best universities to pursue an MBA in Event Management are:

  • Central Washington University
  • Florida International University
  • University of Europe for Applied Sciences

Jobs and Salary After an MBA in Event Management

Some of the top jobs you can do after an MBA in Event Management are as follows:

Job Title

Average Salary

Event Manager

INR 50 LPA

Event Coordinator

INR 20 LPA

Corporate Event Planner

INR 35 LPA

Suggested: Find Out About Upcoming Overseas Education Fairs & Events

9. MBA in Healthcare Management

The healthcare industry is constantly changing, and an MBA in healthcare management can position you for a leadership role. 

  • An MBA in Healthcare Management combines business knowledge with healthcare expertise, covering healthcare policy, strategic management, and quality improvement.
  • It helps you learn the strategic management of healthcare operations, policy analysis, and implementation.
  • The average salary for an MBA in healthcare management is USD 76,000 (INR 63 lakh)

Top Universities to Pursue an MBA in Event Management

Some of the best universities to pursue an MBA in Event Management are:

  • Boston University
  • Cornell University
  • Emory University

Jobs and Salary After an MBA in Healthcare Management

Some of the top jobs you can do after an MBA in Healthcare Management are as follows:

Job Title

Average Salary

Healthcare Administrator

INR 69 LPA

Hospital CEO

INR 1.4 CPA

Healthcare Consultant

INR 1.7 CPA

Suggested: Top Universities for MBA in Healthcare Management

10. MBA in Oil and Gas Management

The dynamic energy sector offers exciting opportunities, and an MBA in oil and gas management equips you with the knowledge to succeed. This program covers various aspects of the industry, from energy exploration to project management and sustainability.

  • In this program, you learn about the strategic management of energy exploration and production, project management, and risk assessment.
  • An MBA in Oil and Gas Management emphasizes strategic thinking, innovation, and sustainability within global energy needs. It goes beyond earning a degree, preparing individuals to lead in the constantly changing oil and gas industry.
  • An average annual salary of USD 152,000 (INR 1.26 cr).

Top Universities to Pursue an MBA in Event Management

Some of the best universities to pursue an MBA in Oil and Gas Management are:

  • University of East London
  • Queen’s University
  • UPES

Jobs and Salary After an MBA in Oil and Gas Management

Some of the top jobs you can do after an MBA in Oil and Gas Management are as follows:

Job Title

Average Salary

Production Engineer

INR 1 CPA

Project Engineer

INR 1 CPA

Mechanical Engineer

INR 1.2 CPA

Suggested: Masters in Business Administration (Oil and Gas Management)

Top MBA Colleges in the World

Given below is the list of the Top 10 Colleges in the World for doing your MBA (QS Global MBA Rankings 2024):

Best MBA Colleges in the World

QS Global MBA Rankings 2024

Average Tuition Fee (per year)

Stanford

1

USD 84,000

Penn (Wharton)

2

USD 84,000

Harvard Business School

3

USD 76,000

London Business School

4

GBP 115,000

HEC Paris

5

EUR 30,000

MIT (Sloan)

6

USD 84,000

Columbia Business School

7

USD 85,000

IE Business School

8

EUR 25,000

Cambridge (Judge)

9

GBP 69,000

IESE Business School

9

EUR 42,500

INSEAD

11

EUR 99,500

Suggested: How to Choose the Right MBA Stream: 5 Important Tips

How to Choose the Best MBA Stream?

We have discussed the top 10 MBA specializations and the jobs you can get by pursuing them. However, the right specialization is one of the most important questions. Your career trajectory, salary, and growth depend on it, Here are some of the key factors that can influence your choice of MBA specialization:

  • Career Opportunities: The primary factor impacting your choice of MBA specialization is the job market. Review the placement reports of MBA programs, follow the trends, and check if they align with your career goals.
  • Personal Interest: It's crucial to consider your preferences for a specific MBA specialization. If you don't enjoy the subject, you may struggle to stay committed long-term. Therefore, aligning your choice with your interests is essential.
  • Seek Guidance: If you are unsure about which specialization to choose for an MBA, consult with professors, peers, and friends. People who can understand your profile and goals, and suggest the best specializations for you.

Eligibility Criteria for Top MBA Colleges in the World

  • Bachelor's degree: You'll need a completed undergraduate degree from a recognized university.
  • English proficiency: Show your English skills through tests like TOEFL or IELTS.
  • GMAT or GRE scores: Submit a valid GMAT/GRE score depending on the university's requirements.
  • Letters of recommendation: Obtain LORs showcasing your academic or professional abilities.
  • Statement of purpose: Write a compelling SOP outlining your reasons for pursuing an MBA.
  • Essays (optional): Some universities require additional essays to assess your writing and analytical skills.
  • Resume: Provide a comprehensive resume detailing your academic and professional experiences.
  • Work experience (optional): Certain universities may require specific work experience for admission.

From the Desk of Yocket

Choosing the right MBA stream is an important decision. Consider your strengths, interests, and career goals to find the program that best aligns with your aspirations. While we've explored popular MBA specializations and top universities, it's crucial to research before making a final decision.

Do you need help choosing an MBA specialization that is right for you? Yocket Premium offers a personalized solution. Their MBA experts will guide you through your strengths and goals to find the perfect fit. Yocket curates a customized list of top universities with your ideal program and provides application guidance to ensure you stand out.

Frequently Asked Questions on the Best MBA Streams in the World

What are the top MBA programs in the world?

What are the eligibility requirements for top MBA programs?

What are the most popular MBA streams?

How can I choose the right MBA stream?

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