A world of possibilities can be explored with an MBA degree but you have to make sure that you are opting for the right specialization. The world is advancing at a prolific rate and technological innovations are leading this trend.
Employers are focusing on new age concepts and the demand for professionals to incorporate this latest technology into their business organisations is rapidly increasing. Students are also interested in pursuing degrees that are going to stay relevant for the next few decades. They opt for degrees such as MBA by considering all the MBA admission criteria and the specializations as well. Well, here is a list of 10 new age MBA specializations popular in India:
1. Business Analytics: Business organisations are implementing advanced methodologies to synchronize their existing processes with the latest progressive technologies and business analytics is one such concept. It leverages the power of statistical practices for analyzing the data and come up with effective solutions to improvise the overall efficiency of an organisation.
2. Power management: This specialization focuses entirely on energy resources and the overall aspect of its regulation and conversion. It is designed for students to understand the processes of fair distribution and transportation of energy among the common masses.
3. Energy Trading: This specialization revolves around the concept of energy derivatives in the trading market. As people are experimenting with trading commodities and the universities had to come up with specializations so that they can develop the workforce to improving the knowledge and practices in this sector.
4. Digital Business: The focus point in this specialization is to incorporate the strategy of business organisations into technological innovations. It equips students with all the core skills and practices of developing advanced strategies by considering all the latest tools and techniques.
5. Health Care Management: This subject area is specifically confined to the health industry and the practices that could widely impact their operational processes. Individuals who specialize in this sector are hired by hospitals, clinics, and other related organisations.
6. Logistics Management: As the world has been taken over by E-commerce companies, the demand for specialists in diverse domains has increased drastically and logistics is one of the main constituents of this industry. This specialization focuses on the transportation, warehousing, and other related aspects of connecting people with E-commerce sites.
7. Innovation: Every industry is evolving at an exponential rate owing to innovations in technology. Innovation is something that sets everything on a mission to improve their existing features and come up with a sophisticated one. This course is designed to empower students with the practical concepts of innovating industries and the world at large.
8. Data analytics: This concept is widely incorporated into almost every aspect of our lives. There is a huge gap between the demand and the supply of professionals within this domain.
9. Rural management: We cannot prosper in a world where there is so much disparity between the two wider aspects of our societies. This course is designed to let students equip themselves with the basic concepts of planning the rural economy and the ways to improvise it.
10. Telecom: The concept of globalization has widely impacted our ways of operating in today’s contemporary society. A specialization in telecommunications will provide you all the information regarding the channels, network, and other regulatory things.
So, if you are sure about the kind of specialization that you wish to pursue after going through this blog, then you must start your journey now by signing up for the relevant course.
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