Now
a days MBA has become the most sought after degree for the younger generation.
After having done your technical degree, MBA is the only course that equips you
with the managerial qualities that not just gets you a lucrative pay package
and placement but also a head start in terms of an administrative position
while others are still struggling in the basic functional areas.
With the world, having opened up so widely for business activities, a lot of new specializations too have sprung up with humungous prospectus.
With the world, having opened up so widely for business activities, a lot of new specializations too have sprung up with humungous prospectus.
MBA Retail-
the uprising of the great middle class in India and similar trends in Brazil and china a huge
customer base of not less then 1000 million has made the Global Multinational
companies to enter the Retail market in a big way. For a developing country
like India the retail industry is
having a current growth rate of 8.5%. There are under construction at
present around 325 departmental stores, 300 new malls, and 1500 supermarkets.
This proves that there is a tremendous scope for growth in the Indian retail
market. You can very well estimate the kind of Job Opportunities the Retails
sector is going to offer. After the big retail success in US the global giants
like Tesco, Metro AG, Wal- Mart too are soon going to enter these economies.
MBA International Business-
Post
liberalization & globalization, more or less all the economies in the world
have opened their gates for the international markets. This offers an excellent
opportunity for the companies to enter distant markets and make profits. There
is a huge demand for skilled managers who are well aware of the international
business scenario where in through their business acumen they can establish the
company smoothly and profitably. International Business therefore has become
the most sought after course as one need to be well acquainted with the
international business environment, Diplomatic boundaries, legal practices and
international finance, marketing and trade practices.
MBA Pharma-
With
the advent of the open economy concept, the Pharmaceutical companies are now
looking for international subsidiaries to cater to the world population.
Especially after India and Pakistan having signed the WTO deal,
a lot of pharmaceutical giants now are gearing up for New Drug Development and
Delivery systems to cater to the emerging markets. One more factor that has
made this sector all the more attractive is the rise of the Life style
diseases. Diabetes, hypertension, Obesity patients are growing in geometric
progression and to cater to this increasing patient base is a Herculean task.
MBA Finance-
Current business practices globally are aimed
at making an organization very responsive to the ever changing financial
conditions. The organizations need to be very dynamic to smoothly adapt their
balance sheets in accordance with the business environment therefore now
Finance is not just about money management but it also includes Funds
generation, investment planning, acquisitions, stock & Shares and studying
global financial trends. Strategically also Financial management has become a
very important tool in deciding the long term goals of an organization. The
jobs in this sector have equally become ample as more and more CFAs, ICFAI, CS
are entering this sector to make it more Dynamic & competitive.
MBA Banking and insurance-
The
deregulation of the banking sector resulted in a tremendous growth of this
sector as the quality of services have improved and more globally competitive
companies have evolved ,adding a lot of job opportunities in this sector . The
insurance sector too has been cleared for private insurance companies under
IRDA Act, 1999. The Indian insurance industry has shown a annual growth rate of
15-20% while The banking index has grown at a compounded annual rate of over 51
per cent since April 2001 as compared to a 27 per cent growth in the market
index. The major players being ICICI, Reliance, HDFC, SBI and the list is
endless. These facts are evident enough to prove the scope of banking and
insurance industry in MBA curriculum.
MBA HR-
Since ages HR was always looked up on as
recruitment training and payroll Department. In recent years the HR has started
playing a more dynamic role in the growth of organization. The training has now
been extended to behavioral aspects with more and more emphasis on polishing
individual brilliance. HRM has now become HRD. Apart from the in-house
department the HR industry has expanded to consultancy firms and placement
agencies. Major players like Ernest & young, Mafoi, ABC consultants,
Datamatics have given HR industry a new look and identity. This calls for
highly skilled MBA professionals with enhanced knowledge in understanding Human
resources and its optimum utilization.
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