MBA is a professional program, and it offers several streams. Choosing the right MBA stream is crucial, because that will affect your future work opportunities and career trajectory. If you’re wondering, which is the best MBA stream between Finance, Marketing, and Consulting, then this blog is for you!
Key Highlights of the Blog:
- The 3 best MBA streams in the world are Finance, Marketing and Operation Management.
- The most famous B-schools for pursuing these popular MBA streams are Harvard Business School, Stanford Graduate School of Business, INSEAD (France/Singapore), London Business School, Wharton School, University of Pennsylvania.
- Finance, Marketing, Operations and Business Analytics are some of the highly paid MBA streams worldwide.
Explore the top 10 MBA streams like Finance, Marketing, and Consulting to find your perfect fit. Yocket Premium helps you choose the best MBA stream based on career opportunities and personal interests, ensuring you gain specialised skills and knowledge for a successful future.
|
Table of Contents: |
What is an MBA Stream?
An MBA stream is a specialised area of study within an MBA program, such as Finance, Marketing, or Consulting, allowing students to focus on a specific field and gain expertise tailored to their career goals. When you begin your MBA, some schools may offer a general program or PGDM, whereas others may have a stream. When you choose a stream, that becomes the focus area of your MBA.
10 Best MBA Streams in the World
There are various MBA streams in the world, and you must choose the one according to your interest and career goals. Whether you choose finance or marketing, an MBA usually generates a high ROI. The top 10 MBA streams are discussed below:
- Finance
- Marketing
- Human Resources
- Operations
- International Business
- Information Technology
- Event Management
- Health Care Management
- Data Analytics
- Oil and Gas Management
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 streams in MBA, with an average salary of USD 150k (INR 1.25 crore)
Responsibilities of MBA graduates in Finance
- Financial Analysis and Planning
- Investment Management
- Budgeting and Forecasting
- Risk Management
Job Roles and Salary After an MBA in Finance
Here are some potential roles for graduates in this field, along with their average base salaries:
|
Job Title |
Average Salary |
|---|---|
|
Investment Banker |
INR 1 CPA |
|
Finance Manager |
INR 80+ LPA |
|
Business Consultant |
INR 80+ LPA |
Top Recruiters
- JP Morgan
- Goldman Sachs
- Morgan Stanley
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
2. MBA in Marketing
An MBA in Marketing is one of the most sought-after streams. 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, organisational strategies, and client behaviour.
- You can expect an average salary of USD 80,000 (INR 66 lakh) after an MBA in marketing.
Responsibilities of MBA Graduates in Marketing
- Market Research and Analysis
- Brand Management
- Strategic Planning
Job Roles and Salary After an MBA in Marketing
Here are some potential roles for graduates in this field, along with their average base salaries:
|
Job Title |
Average Salary |
|---|---|
|
Brand Manager |
INR 12 LPA |
|
Marketing Manager |
INR 47 LPA |
|
Product Manager |
INR 60 LPA |
Top Recruiters
- Procter & Gamble
- Unilever
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
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 organisational 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).
Responsibilities of MBA Graduates in HR
- Talent Acquisition
- Employee Relations
- Training and Development
Job Roles and Salary After an MBA in Human Resource Management
Here are some potential roles for graduates in this field, along with their average base salaries:
|
Job Title |
Average Salary |
|---|---|
|
Human Resource Manager |
INR 67 LPA |
|
Director of Human Resources |
INR 80 LPA |
|
Staffing Manager |
INR 50 LPA |
Top Recruiters
- Deloitte
- Amazon
- IBM
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
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).
Responsibilities of MBA Graduates in Operations Management
- Process Improvement
- Supply Chain Management
- Quality Control
- Project Management
Job Roles and Salary After an MBA in Operations Management
Here are some potential job roles and their average base salaries for MBA Graduates in Operations Management:
|
Job Title |
Average Salary |
|---|---|
|
Operations Manager |
INR 1.1 CPA |
|
Supply Chain Management |
INR 76 LPA |
|
Quality Analyst |
INR 70 LPA |
Top Recruiters
- Amazon
- Toyota
- McKinsey & Company
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
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 globalised 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).
Responsibilities of MBA Graduates in International Business
- Global Market Analysis
- International Strategy Development
- Cross-Cultural Management
- Global Supply Chain Management
Job Roles and Salary After an MBA in International Business
Here are some potential job roles and their average base salaries for MBA Graduates in International Business:
|
Job Title |
Average Salary |
|---|---|
|
International Business Manager |
INR 90 LPA |
|
Global Supply Chain Analyst |
INR 83 LPA |
|
International Trade Specialist |
INR 66 LPA |
Top Recruiters
- Apple
- Unilever
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
6. MBA in Information Technology
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 stream 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).
Responsibilities of MBA Graduates in Information Technology
- IT strategy development
- Project Management
- Technology Integration
Job Roles and Salary After an MBA in IT
Here are some potential job roles and their average base salaries for MBA Graduates in IT:
|
Job Title |
Average Salary |
|---|---|
|
CTO (Chief Technology Officer) |
INR 1.2 CPA |
|
IT Project Manager |
INR 1.1 CPA |
|
Analytics Manager |
INR 45 LPA |
Top Recruiters
- META
- Apple
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
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, analyse results, and communicate findings effectively.
- Here you learn skills like data mining, data analysis, statistical analysis, machine learning, and data visualisation.
- The average MBA in Data Analytics salary is USD 86,000 (INR 72 lakh).
Responsibilities of MBA Graduates in Data Analytics
- Analysing Complex Datasets
- Deriving Actionable Insights
- Creating Data-Driven Business Strategies
Job Roles and Salary After an MBA in Data Analytics
Here are some potential job roles and their average base salaries for MBA Graduates in Data Analytics:
|
Job Title |
Average Salary |
|---|---|
|
Data Analyst |
INR 88 LPA |
|
Data Scientist |
INR 95 LPA |
|
Machine Learning Engineer |
INR 1.3 CPA |
Top Recruiters
- McKinsey & Company
- BCG
- Deloitte
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
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)
Responsibilities of MBA Graduates in Event Management
- Handle Planning and Executing Events
- Managing Budgets
- Overseeing Market
Job Roles and Salary After an MBA in Event Management
Here are some potential job roles and their average base salaries for MBA Graduates in Event Management:
|
Job Title |
Average Salary |
|---|---|
|
Event Manager |
INR 50 LPA |
|
Event Coordinator |
INR 20 LPA |
|
Corporate Event Planner |
INR 35 LPA |
Top Recruiters
- IMG
- Marriott International
- Hilton Worldwide
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
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)
Responsibilities of MBA Graduates in Healthcare Management
- Implement Healthcare Technologies
- Compliance within Healthcare Organisations
- Financial Management
Job Roles and Salary After an MBA in Healthcare Management
Here are some potential job roles and their average base salaries for MBA Graduates in Healthcare Management:
|
Job Title |
Average Salary |
|---|---|
|
Healthcare Administrator |
INR 69 LPA |
|
Hospital CEO |
INR 1.4 CPA |
|
Healthcare Consultant |
INR 1.7 CPA |
Top Recruiters
- Cleveland Clinic
- Pfizer
- Johnson & Johnson
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
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 emphasises 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).
Responsibilities of MBA Graduates in Oil and Gas Management
- Supply Chain Optimization
- Risk Management
- Operational Efficiency
Job Roles and Salary After an MBA in Oil and Gas Management
Here are some potential job roles and their average base salaries for MBA Graduates in Oil and Gas Management:
|
Job Title |
Average Salary |
|---|---|
|
Production Engineer |
INR 1 CPA |
|
Project Engineer |
INR 1 CPA |
|
Mechanical Engineer |
INR 1.2 CPA |
Top Recruiters
- ExxonMobil
- Chevron
- Halliburton
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
Top Ranked MBA Universities Worldwide
For those aspiring to pursue an MBA abroad, several programs are renowned for their excellence and global reputation. Here are some of the top-ranked MBA programs internationally:
| University |
QS Global MBA Rankings 2024 |
Average Tuition Fee (per year) |
Average Tuition Fee (per year) |
|---|---|---|---|
|
1 |
USD 84,000 |
INR 70,49,230 |
|
|
2 |
USD 84,000 |
INR 70,49,230 |
|
|
3 |
USD 76,000 |
INR 63,77,880 |
|
|
4 |
GBP 115,000 |
INR 1,22,49,630 |
|
|
5 |
EUR 30,000 |
INR 27,45,740 |
|
|
6 |
USD 84,000 |
INR 70,49,230 |
|
|
7 |
USD 85,000 |
INR 71,33,150 |
|
|
8 |
EUR 25,000 |
INR 22,88,110 |
|
|
9 |
GBP 69,000 |
INR 73,49,780 |
|
|
9 |
EUR 42,500 |
INR 38,89,800 |
|
|
11 |
EUR 99,500 |
INR 91,06,700 |
Eligibility Criteria Top MBA Streams Worldwide
- 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.
How to Select the Right MBA Stream for Your Career?
We have discussed the top 10 MBA streams and the jobs you can get by pursuing them. However, the right stream 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 stream:
- Career Opportunities: The primary factor impacting your choice of MBA stream 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 stream. 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 stream to choose for an MBA, consult with professors, peers, and friends. People who can understand your profile and goals, and suggest the best streams for you.
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 streams and top universities, it's crucial to research before making a final decision.
Do you need help choosing an MBA stream that is right for you? Yocket Premium offers a personalised solution. Their MBA experts will guide you through your strengths and goals to find the perfect fit. Yocket curates a customised list of top universities with your ideal program and provides application guidance to ensure you stand out.
