Best MBA Specialisations in Abroad Countries for Indian Students
Several top-class universities in the world offer various types of MBA specialisations. Choosing a particular MBA specialisation can be challenging. However, each has its significance and can provide abundant opportunities, both academically and professionally.
It depends on individual interest, industry demand, and market scenarios determining the best MBA specialisation. We have briefly discussed the top MBA specialisations, including their overview, academic modules and career scopes.
What is an MBA?
MBA, or Master of Business Administration, is a post-graduate course that imparts knowledge of markets, finances, and management. It also fosters skills such as communication skills, interpersonal skills, time management, etc. With the increasing awareness of society and academic institutions in response to cater to the needs of growing markets and the corporate sector, various MBA specialisations are offered in the world’s top universities.
While the course’s primary focus remains the same, different MBA specialisations address the demands of particular industries or sectors such as banking, finance, accounting, hospitality, healthcare, etc.
Also read – MBA vs MiM
Benefits of Pursuing MBA Abroad
The following are the benefits of pursuing an MBA abroad for Indian students:
- Job Opportunities: MBA abroad opens the door to several job opportunities worldwide enough to make one’s life luxurious and comfortable.
- Fosters skills: It cultivates skills like time management, communication, negotiation, crisis management, and collaborative teamwork.
- Exposure to Different Traditions: By pursuing an MBA abroad, Indian students learn about the multicultural heritage and diverse cultures of foreign countries.
- Understanding Sector and its Demand: An MBA in various specialisations imparts knowledge relevant to a particular field. It makes students understand the specific requirements and demands of those sectors.
- Connections with Professionals: Indian students can build connections with different MBA experts and professionals who are always ready to provide valuable help to them, be it academic or professional pursuits.
MBA Courses in Abroad Universities: An Overview
MBA is a widely opted program available in more than 1,400 universities worldwide. Following is the overview of the MBA abroad program in the tabulated form:
| Duration | 1-2 Years (depending on the country and the university) |
|---|---|
| Average Fee (Per Year) | 41 Lakhs-95 Lakhs INR (depending on the country and the university) |
| Top MBA Specialisations | MBA in Finance MBA in Accounting MBA in Human Resources MBA in Hospitality Management MBA in Supply Chain Management MBA in Digital Marketing |
| Preferred Countries | USA UK Canada Australia France Germany Ireland Rest of Europe Singapor |
Types of MBA Specialisation
As discussed above, an MBA abroad is a multidisciplinary program that offers expertise in marketing and management. However, it is subdivided into various sub-courses or, particularly, specialisations.
This is to meet the necessities of multiple sectors and industries by sending them talented and competent graduates with special skill sets.
As the requirements of different sectors vary, there is a constant need for experts who can manage and tackle specific challenges while keeping those requirements in mind. Below, we have mentioned some of the best MBA specialisations that students prefer to opt for.
MBA in General Management
- MBA in General Management specialisation is the most common type of MBA specialisation program.
- Students choose to study this if they are interested in gaining a comprehensive understanding of any organisation’s general operations and management.
- After pursuing this specialisation, they can apply for leadership positions.
Academic Module
Marketing Management
- Foundational knowledge of marketing
- Different types of marketing channels
Business Finance
- Basics of Finance
- Financial Strategies
- Tools and Techniques Related to Financial Analysis
HR Management
- Employee Engagement
- Organisational Behaviour
- Organisational Management
Global Business Dimensions
- Partnerships with Individuals and Firms
- Investment Analysis
- Integrated Supply Chain Management
Business Policies
- Operation Management
- Data Analysis
- Strategic Management
Popular Universities
- Stanford Graduate Business School
- University of Alberta
- HEC Paris
- National University of Singapore
- University of Melbourne
Career Scope
Following are some of the best career options that students get after completing their MBA abroad program in General Management.
| Job Title | Average Salary (per annum) |
|---|---|
| Brand Manager | 45 Lakhs-60 Lakhs INR |
| Team Leader | 40 Lakhs-55 Lakhs INR |
| Project Manager | 60 Lakhs-80 Lakhs INR |
| Management Counsellor | 55 Lakhs-75 Lakhs INR |
| Chief Financial Officer | 75 Lakhs-90 Lakhs INR |
MBA in Finance
- It is the most preferred MBA abroad specialisation among Indian students, equipping them with an understanding of investment, financial scenarios, market strategies, etc.
- The core curriculum usually focuses on stock markets, investment banking, corporate finance, bankruptcy, etc.
Academic Module
Financial Accounting
- Basics of Accounting Statements
- Working Capital Management
Marketing Management
- Foundational knowledge of marketing
- Different types of marketing channels
Sales & Distribution Management
- Fundamentals of Sales
- Territory Management
- Customer Relationship Management
Decision Sciences
- Data Analysis
- Regression Analysis
- Forecasting Management
Operations & Supply Chain Management
- Essentials of Demand Planning
- Inventory Management
- Logistics Planning
Popular Universities
- Harvard Business School
- London Business School
- Melbourne Business School
- University of Warwick
- University of Pennsylvania
Career Scope
The following are some of the best career options students can get after completing their MBA specialisation in Finance.
| Job Title | Average Salary (per annum) |
|---|---|
| Senior Financial Analyst | 80 Lakhs-1 Crore INR |
| Financial Analyst | 40 Lakhs-70 Lakhs INR |
| Financial Manager | 55 Lakhs-90 Lakhs INR |
| Sales Manager | 70 Lakhs-1.5 Crore INR |
| Financial Controller | 50 Lakhs-1 Crore INR |
MBA in Marketing
- MBA specialisation in Marketing aims to help students learn more about customers’ behaviour to create better products and services.
- It prepares students to handle marketing by advertising, research, branding, etc.
Academic Module
- Marketing Management
- Business Environment
- Marketing Research
- Strategic Management
- Managerial Communication
- Cost Management
- Fundamentals of Logistics and Inventories
Popular Universities
- Columbia University
- University of Amsterdam
- University of Tempa
- National University of Singapore
- London Business School
Career Scope
Following are some of the best career options students get after completing their MBA abroad program in Marketing.
| Job Title | Average Salary (per annum) |
|---|---|
| Marketing Manager | 40 Lakhs-55 Lakhs INR |
| Marketing Analyst | 35 Lakhs-50 Lakhs INR |
| Media Planner | 45 Lakhs-75 Lakhs INR |
| Brand Manager | 50 Lakhs-75 Lakhs INR |
| Sales Manager | 65 Lakhs-95 Lakhs INR |
MBA in Human Resource Management
MBA in Human Resources aims to train students to recruit and manage the right people efficiently for the particular job profile in the organisation.
Academic Module
- Business Ethics
- Business Laws
- Training & Development
- Talent Acquisition
- Workforce Planning & Development
- Organisational Behaviour
- Economics of Human Nature
Popular Universities
- University of Edinburgh
- New York University
- University of Newcastle
- University of Manchester
- University of South Australia
Career Scope
Following are some of the best career options students get after completing their MBA specialisation in HR Management.
| Job Title | Average Salary (per annum) |
|---|---|
| HR Manager | 82 Lakhs-90 Lakhs INR |
| HR Generalist | 64 Lakhs-90 Lakhs INR |
| Staffing Director | 57 Lakhs-75 Lakhs INR |
| Compensation Manager | 35 Lakhs-60 Lakhs INR |
| Recruiting Manager | 67 Lakhs-80 Lakhs INR |
MBA in Supply Chain Management
- MBA in Supply Chain Management is a multidisciplinary specialisation that deals with businesses concerned with planning for project creation, production methods, sourcing, and offering logistic aid.
- It is one of the popular MBA specialisations among Indian students since it is a rapidly emerging field.
Academic Module
- International Trade & Commerce
- Logistics Management
- Warehouse Management
- Management Information System
- Operations Management
- Quantitative Modelling Techniques
- Global Economics & Budgeting
Popular Universities
- University of Alberta
- MIT
- University of Sydney
- Ross School of Business
- Massey University
Career Scope
The following are some of the best career options students can get after completing their MBA abroad program in supply chain management.
| Job Title | Average Salary (per annum) |
|---|---|
| Supply Chain Analyst | 72 Lakhs-80 Lakhs INR |
| Purchasing Analyst | 67 Lakhs-85 Lakhs INR |
| Logistics Manager | 55 Lakhs-72 Lakhs INR |
| Operation Manager | 60 Lakhs-95 Lakhs INR |
| Procurement Manager | 70 Lakhs-90 Lakhs INR |
List of Other MBA Specialisations
- MBA in Waste Management
- MBA in Wine & Distillery Management
- MBA in Hospital Management
- MBA in Hospitality
- MBA in Management Information Systems
- MBA in Aviation Management
- MBA in Events & Media
- MBA in Entrepreneurship
- MBA in Information Technology
Conclusion
To conclude, MBA offers various types of specialisations, such as Finance, IT, Marketing, Human Resource Management, Project Management, etc., based on the individual’s interest and the demands of the industries. Since the specific needs of any country and sector differ, the popularity of a particular specialisation may vary in that place or institute. MBA is one of the most popular courses in the world and offers several positive career benefits, in particular, all specialisations such as high salary, networking, exposure to industrial experts and professionals, development of particular skill sets, etc.
Apart from traditional MBA specialisations, as discussed above, some non-conventional specialisations are gradually gaining popularity, such as waste management, wine production, events, and media. Entrepreneurship, aviation management, etc.
FAQs
Which MBA specialisations have more scope in the future?
It is difficult to determine the possible growing scope of any MBA specialisation because it depends on factors such as industry trends, individual interest, market demand, etc.
What type of work experience is required for an MBA abroad?
Most of the B-Schools in the top countries like the USA, UK, France, etc, want students to have work experience of at least 3-4 years before granting them admission into an MBA program. It may vary depending on the institute and type of MBA specialisation.
Which country is best for pursuing an MBA?
The USA, the UK, France, Australia, Canada, etc., are the most popular countries for pursuing an MBA. These countries provide an excellent blend of academic and industrial collaborations, abundant employment opportunities, and exposure to experienced MBA professionals.
What are the top MBA concentrations?
Project Management, Organizational Leadership, Marketing, Finance, International Business & Global Leadership, Innovation & Entrepreneurship, etc. are some of the top MBA concentrations preferred by Indian students.
How to choose your MBA specialisations?
There are various factors based on which the choice for MBA specialisations can be made. They are personal interest, academic goals, academic background, availability of particular specialisations and institutes based on eligibility criteria, etc.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
