Are you contemplating an MBA but unsure about which specialization to choose? With the ever-evolving business landscape, selecting the right MBA specialization is crucial for your career growth. This blog explains the 10 most in-demand MBA specializations, offering insights into course duration, fees, core subjects, and career opportunities.
Key Highlights of the Blog:
- Top 3 MBA specializations in demand are Business Analytics, Artificial Intelligence, and Entrepreneurship.
- Average salaries offered for these specializations is around USD 150,000 (INR 1,25,98,030).
- Google, Amazon, IBM, Deloitte, McKinsey & Company are the top recruiters hiring MBA graduates from these specializations.
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Top 10 MBA Specializations in Demand
It is important to select a specialization that fits your interests and career goals perfectly. To help you choose, here are the 10 most in-demand MBA specializations in the world:
- Business Analytics & Big Data
- Artificial Intelligence
- Entrepreneurship
- Health Care Management
- Financial Management
- Logistics & Supply Chain Management
- International Business
- Marketing Management
- Product Management
- Human Resource Management
Now let's learn about each of them in detail
1. MBA in Business Analytics & Big Data
Businesses are increasingly relying on data-driven decision-making, putting this specialization in high demand. The global big data analytics market is expected to reach $745.15 billion by 2030 from $307.52 billion as of now in 2024.
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Course Duration |
Typically 2 years full-time, 3-4 years part-time |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Business Analytics & Big Data |
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Top MBA Colleges for Business Analytics & Big Data |
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Jobs & Salary after MBA in Business Analytics
The Jobs & Salary after MBA in Business Analytics is as follows:
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Job Role |
Average Salary |
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Data Analytics Manager |
$120,000 - $160,000 |
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Business Intelligence Analyst |
$80,000 - $120,000 |
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Data Scientist |
$100,000 - $150,000 |
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Analytics Consultant |
$90,000 - $130,000 |
2. MBA in Artificial Intelligence
AI and ML are rapidly evolving and transforming industries across the globe. As per insights from Accenture, nearly 84 percent of C-suite executives believe they must leverage AI to achieve their growth objectives.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Artificial Intelligence |
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Top MBA Colleges for Artificial Intelligence |
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Jobs & Salary after MBA in AI
The Jobs & Salary after MBA in Artificial Intelligence is as follows:
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Job Role |
Average Salary |
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AI Strategy Manager |
$130,000 - $180,000 |
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Business Intelligence Analyst |
$120,000 - $160,000 |
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Data Scientist |
$100,000 - $150,000 |
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Analytics Consultant |
$110,000 - $160,000 |
3. MBA in Entrepreneurship
As of September 7, 2022, India’s rapidly growing startup ecosystem has produced 107 unicorns, valued at a total of $340.79 billion, solidifying its position as the world’s third-largest startup hub.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Entrepreneurship |
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Top MBA Colleges for Entrepreneurship |
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Jobs & Salary after MBA in Entrepreneurship
Jobs & Salary after MBA in Entrepreneurship is as follows:
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Job Role |
Average Salary |
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Startup Founder/CEO |
Varies widely |
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Innovation Manager |
$100,000 - $150,000 |
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Venture Capital Associate |
$120,000 - $180,000 |
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Product Development Manager |
$110,000 - $160,000 |
4. MBA in Health Care Management
The healthcare industry is growing rapidly, creating high demand for skilled professionals. Top-tier institutes witness companies offering impressive average CTCs, soaring to INR 10,00,000 to 55,00,000, emphasizing the lucrative prospects for professionals with an MBA in Health Care Management.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Health Care Management |
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Top MBA Colleges for Health Care Management |
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Jobs & Salary after MBA in Health Care Management
Jobs & Salary after MBA in Healthcare Management is as follows:
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Job Role |
Average Salary |
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Hospital Administrator |
$90,000 - $150,000 |
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Healthcare Consultant |
$85,000 - $140,000 |
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Health Informatics Manager |
$95,000 - $145,000 |
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Pharmaceutical Project Manager |
$100,000 - $160,000 |
5. MBA in Financial Management
India is projected to become the world’s fourth-largest private wealth market by 2028, signaling significant growth in the financial services sector. The projected growth in India’s economic wealth and the financial services sector is a positive sign for MBA in Finance students.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Financial Management |
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Top MBA Colleges for Financial Management |
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Jobs & Salary after MBA in Financial Management
The salary after an MBA in Financial Management is as follows:
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Job Role |
Average Salary |
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FinTech Product Manager |
$110,000 - $160,000 |
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Blockchain Strategist |
$120,000 - $180,000 |
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Digital Banking Manager |
$100,000 - $150,000 |
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Financial Data Scientist |
$115,000 - $170,000 |
6. MBA in Logistics & Supply Chain Management
The rapid rise in India’s online shoppers, set to hit 425 million by 2027, paints an exciting picture for MBA in Logistics and Supply Chain Management students. MBA graduates with the proper expertise will ride the wave of demand and shape the logistics landscape in the era of online retail!
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Logistics & Supply Chain Management |
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Top MBA Colleges for Logistics & Supply Chain Management |
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Jobs & Salary after MBA in Logistics and Supply Chain Management
Salary after an MBA in Logistics and Supply Chain Management is as follows:
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Job Role |
Average Salary |
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Supply Chain Manager |
$90,000 - $140,000 |
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Logistics Director |
$100,000 - $160,000 |
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Procurement Manager |
$85,000 - $130,000 |
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Supply Chain Consultant |
$95,000 - $150,000 |
7. MBA in International Business
The world economy is becoming increasingly interconnected. Estimated 333.34 million companies were operating worldwide in 2021 as per research by Statista. A growing number of businesses worldwide indicates increased demand for international business expertise. An MBA in International Business equips graduates with the knowledge and skills needed to succeed in this dynamic and competitive environment.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in International Business |
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Top MBA Colleges for International Business |
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Jobs & Salary after MBA in International Business
Jobs & Salary after MBA in International Business is as follows:
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Job Role |
Average Salary |
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International Business Development Manager |
$100,000 - $160,000 |
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Global Marketing Director |
$120,000 - $180,000 |
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International Operations Manager |
$90,000 - $140,000 |
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Cross-Cultural Management Consultant |
$95,000 - $150,000 |
8. MBA in Marketing Management
In light of a recent GetApp survey revealing that 68% of startups rely on marketing technology tools, the increasing prevalence of these tools highlights the rising demand for professionals equipped with an MBA in Marketing to effectively utilize and capitalize on such technologies in the business landscape.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Marketing Management |
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Top MBA Colleges for Marketing Management |
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Jobs & Salary after MBA in Marketing Management
Jobs & Salary after MBA in Marketing Management is as follows:
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Job Role |
Average Salary |
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Marketing Director |
$120,000 - $180,000 |
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Brand Manager |
$90,000 - $140,000 |
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Digital Marketing Manager |
$80,000 - $130,000 |
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Market Research Analyst |
$70,000 - $110,000 |
9. MBA in Product Management
There is a high demand for product managers and multiple open positions listed on the USA Glassdoor. This information supports the potential value of an MBA in Product Management for individuals seeking to enter or advance their careers in this field.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Product Management |
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Top MBA Colleges for Product Management |
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Jobs & Salary after MBA in Product Management
Jobs & Salary after MBA in Product Management is as follows:
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Job Role |
Average Salary |
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Senior Product Manager |
$120,000 - $180,000 |
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Director of Product |
$150,000 - $220,000 |
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Product Marketing Manager |
$100,000 - $150,000 |
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Technical Product Manager |
$110,000 - $170,000 |
10. MBA in Human Resource Management
Human capital is a valuable asset for businesses, making this specialization important. MBA graduates with HRM expertise can help companies to recruit, train, and motivate employees, and create a positive work environment. According to Payscale, individuals with an MBA in HRM in India can anticipate an average salary ranging from INR 8,00,000 to 20,00,000.
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Course Duration |
2 years |
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Course Fees |
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Core Subjects |
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Key Responsibilities |
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Top Recruiters |
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Best Countries to Pursue an MBA in Human Resource Management |
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Top MBA Colleges for Human Resource Management |
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Jobs & Salary after MBA in HRM
The salary after an MBA in Human Resource Management is as follows:
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Job Role |
Average Salary |
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HR Director |
$120,000 - $180,000 |
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Talent Acquisition Manager |
$90,000 - $140,000 |
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Compensation and Benefits Manager |
$100,000 - $150,000 |
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Learning and Development Manager |
$95,000 - $145,000 |
These were some of the most demanded MBA specializations in the world. There are various other MBA fields in demand that you can explore. Find the one that you enjoy and are interested in.
Suggested: Top 10 highest-paying MBA specialization
Which MBA Specialization is Best in the Future?
Predicting the best MBA specialization for the future depends on several factors like emerging market trends, technological advancements, and global economic shifts. However, based on the current trends Business Analytics, Artificial Intelligence, and Entrepreneurship are the top 3 specializations to have the most scope in the future.
How to Choose an MBA Specialization?
It is very important to choose a specialization you feel you are suitable for and that holds your interest, but since there are so many amazing options when it comes to choosing a specialization, choosing only one out of so many can be confusing. And that's why we've given a few points below that you can take into consideration before choosing your specialization.
If you cannot make up your mind as to which specialization to choose, here are the following points that you can focus on
Identify Your Strengths
The first and most important point on the list is looking within yourself to determine your key strengths and areas of excellence. Understand and analyze what you like and are good at, and combine it with your interests and long-term career aspirations to get a clear understanding of which specialization to choose. It will be much easier to choose a specialization once you have a clear notion of what you want out of life and what you hope to achieve with an MBA. The goal is to choose a stream that will help you develop as a professional while also ensuring your long-term employability and relevance in a rapidly changing industry.
Evaluate The salary Packages
Before enrolling in the program, examine the institution's offerings, placement partners, rankings, and the average compensation package provided. Find out what the minimum and maximum placement packages were in the previous year (for different specializations). This will give you a good indication of what to expect after the course is finished. But also keep in mind that, though important, salary should not be the only factor that you should consider.
Number Of Companies
Find out how many employers come to your college for placements in a specific field. If more firms are visiting for a specific specialization, the chances of finding work in that specialization are also greater. Do your research well in advance.
Analyze The Subjects
Before opting for any specialization, deeply analyze the contents covered in each specialization. This will help you choose the right specialization and develop specific skills. Check if the topic interests you and if you see yourself working in the same field.
From the Desk of Yocket
Given that the modern industry is pro-digitization and data-centric, it makes sense to select streams that are most relevant in the current environment. However, each specialization has its own set of advantages. Choose a specialization based on your interests and skills, and know that whatever specialization you choose, you will need to put in a lot of effort to excel and achieve in your profession and as a company leader.
We hope that this blog was able to provide you with all the necessary insight on some of the most in-demand MBA specializations. For more details about studying abroad, book a free consultation with Yocket counselors today!
