8 Sept 2012

MBA specializations: 5 hottest options with great scope



1) MBA in Hospital Management: With growing importance of healthcare industry across the globe, Hospital Management professionals have become very sought after. Also with private hospitals mushrooming all over, there is a need for not only skilful doctors but also efficient hospital managers and administrators. However, the job of a hospital manager is very demanding. Besides having an idea of healthcare industry, they also should have a strong finance and marketing background. They need to be updated with advances in medicine, computerized diagnostic and treatment equipment, data processing technology, government regulations, health insurance changes, and financing options. It is a very high-paying and rewarding profession.


2) MBA in Communications: If you’re working in a media house, an advertising agency or a public relations firm, and are looking forward to advance your career, you should pursue a MBA that specialize in communication. This programme will prepare you for mid- to upper-level management positions in these communication career fields. It will prepare you with knowledge and skills to solve communication problems in your office, will teach you how to use new media to transform existing business practices, reach out to popular media and clientele, and manage corporate images. Though MBA communication graduates are not as well paid as graduates of MBA finance or marketing, but they have immense growth prospects.


3) MBA in Entrepreneurship: For those who have an interest in setting up their business or venture, should pursue an entrepreneurship MBA. Entrepreneurial management programs are designed not only for business founders, but also for investors, venture capitalists, and individuals who want to advance in their current companies. This course teaches you how to take important decisions, take risks, and is a great to give a boost to your career. Students taking up this course also learn to evaluate the feasibility of business plans. Institutes offering MBA in Entrepreneurship


4) MBA in Real Estate: With increasing number of developers, projects, introduction of new formats, role of private equities and expansion of multinational companies, real estate industry has grown like never before. It is for this reason that demand for trained real estate managers is on a rise. To give your career a head start, a MBA in real estate and give your career a boost. The program will teach you how to work with the latest trends currently happening in the real estate market and will also prepare to work with any future changes that might occur. The need was felt to provide high-level corporate business administration with an emphasis on real estate and construction. Anyone wishing to pursue real estate development as a career should consider an MBA.

5) MBA in Information Technology: MBA in Information Technology is not that new and is very popular among Indian IT professionals. With the expanded use of IT in all facets of business, the IT sector has seen an unsurpassed growth. An MBA in Information Technology will take your career to new heights. It will help you develop the skills you need to develop business competitiveness and interact effectively with executive management as a strategic business partner. This course is a blend of both technical knowledge and management skills.

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