How to Select the Area of Specialization in MBA?

1. How to Select the Area of Specialization in MBA? MBA or Master of Business Administration is a two-year full-time post graduate program that is aimed at making the students proficient in the diverse domains of management. Not only MBA helps to gather knowledge but it also helps the individual to hone his or her interpersonal skills. The kind of practical exposure received during an MBA or PGDM course is unparalleled. That is why MBA offers one of the most promising careers to individuals these days. The first year is all about a general overview of business management and in the second year, the students are asked to take up a specialization. Choosing the right specialization is important because based on the specialization; your career will take shape. Many individuals think that choosing an area of specialization based on their interests is easier. However, the reality is something different. For instance, there are many individuals who opt for HR because they love being around people but during their career span, they realise that marketing is where their talents can be used best. Before we get to know about the ways to select MBA specialization, let us have a look at the fields of specialisation. Whether you opt for a full time MBA course or distance MBA, the following are few of the areas, you can specialize into: · Finance · Marketing · Human Resources · Media & Communication · International Business & Management · Entrepreneurship · IT · Operations Following are the ways that will help you choose the right area of specialization for your MBA: · Know Your Strengths Before you select your specialization, it is important that you gauge your skills well. A SWOT analysis would be appropriate if you are in a dilemma over what to choose. Talking to your mentors will help as they can tell you where your interests lie and do your interests correspond with your skills and expertise. · Focus on the long-term goals

2. This is the most important decision that you are going to take in your life. You select a specialization and you have circumference your whole life around the same industry. Take each specialization one by one and ask yourself, Am I ready to spend my whole life amidst the marketing chaos? If the answer comes out as yes, MBA in marketing online or full-time is an option for you. · Career Options Available The next you need to see the various career options and the growth opportunities it provides you with. Different areas of specializations offer different work roles and varied growth opportunities. For example, an MBA in finance is considered a finance expert and the growth opportunities are excellent. If you are happy with such roles, distance MBA in finance is the choice for you. · See the salary figures You are learning to earn for yourself and your family in the future. Thus, it is also crucial that you find out what kind of salary you can draw in the future. A little research on the internet will tell you the average salary you can draw after completing your MBA in HR by distance learning. · Meet the seniors Last but not least, you can take a wise decision about your area of specialization by seeking advice from your alumni. Based on their experience and knowledge, they will tell you the current market scenario and will help you make the right choice. Whatever specialization you choose, there are a plethora of study options available from part-time MBA, full-time MBA and MBA through correspondence. For a working professional, online and distance learning is a boon where both your work and study can be managed at the same time.