Ans. Choosing an MBA specialization must be a multifactorial decision:
1. A programme’s academic track record: the specific competency of the student must be considered before choosing an MBA specialization. Finance requires excellent quantitative aptitude, HR requires leadership skills, and marketing requires excellent business communication skills.
2. Job Role: the specific job role that a student seeks should dictate the choice of specialization. For aspiring investment bankers; MBA Finance is the ideal choice, for those who want to be project managers; MBA HR is an excellent choice if you have excellent verbal communication skills and want to succeed in sales and marketing; MBA marketing is a great choice.
3. Growth prospects: the economic mobility an MBA degree provides is primarily the reason why it is sought after. The salary packages, therefore, are of great significance. Investment bankers, CEOs, project managers, and HR executives have decent growth prospects.
4. Location: all cities do not provide an opportunity to earn significantly. Gurgaon, Mumbai, Delhi, Bangalore, and other metro cities house corporations that provide better pay than others. Bangalore is an excellent place to earn high salaries as the city has an excellent public infrastructure and several MNCs