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When it comes to postgraduate courses, MBA is the first choice for many. However, to have a successful career, you first need to choose the right MBA stream, otherwise you may not be that successful. Hence, before selecting a good MBA college, you need to first know which stream is best for an MBA. Here is a quick guide to different streams in MBA, information on some of them and three promising ones for 2024 and coming years.
Before looking at what streams will be in demand, let’s first take a look at the different options you have under an MBA.
1. Marketing
2. Finance
3. Human Resource Management (HRM)
4. Operations Management
5. Information Technology (IT)
6. International Business (IB)
7. Supply Chain Management
8. Business Analytics
9. Healthcare Management
10. Entrepreneurship
11. Hospitality Management
12. Retail Management
13. Media and Communication
14. Rural Management
15. Sustainability Management
The best known of all MBA streams, here you will learn consumer behaviour, market research, branding, advertising, and digital marketing as well as how to drive business growth and gain customer engagement.
There are many career opportunities for a graduate with an MBA in Marketing. It includes:
Top recruiters in the marketing sector often include leading companies from various industries, such as:
Among the different MBA streams, graduates with an MBA in Marketing can expect:
Salaries can be even higher in high-growth sectors like digital marketing and e-commerce.
Also Read: IIT Jodhpur: A Quick Guide
This course is related to financial management and making financial decisions regarding investment. You will learn about financial markets, investment analysis, risk management as well as corporate finance.
Graduating with an MBA in Finance? Then you are eligible to apply for these positions:
Top recruiters for MBA Finance graduates come from a wide range of industries, mostly finance-related:
Among MBA different streams, an MBA in Finance can expect a salary of:
Because of bonuses and incentives, graduates in industries like investment banking and private equity can anticipate earning more than the base pay.
Also Read: What is Data Engineering, and Why is it Important in Today’s World?
Another very popular choice among the MBA different streams. It is the study of how to manage the human resource or the employees of an organization; from recruiting the right people, maintaining relationships, evaluating their performance and also making sure the productivity of the company is enhanced.
As one of the most popular MBA streams, graduates of the MBA in Human Resources find jobs in almost all segments of the industry. Their key roles include:
Top recruiters for MBA HR graduates come from a wide range of industries, with prominent names including:
Salaries for MBA HR graduates change depending on their job position and industry segment. General estimates are:
HR professionals in sectors like IT, consulting, and FMCG may earn higher, particularly in strategic and leadership positions.
Also Read: What Is BSc. Artificial Intelligence and Data Science?
One of the best MBA streams to come up in the last few decades is the mba in technology. You learn about IT strategy, cybersecurity, digital innovation and system management when you do mba in tech.
An MBA in Information Technology (IT) gives a candidate the ideal mix of technical and business management abilities. So, this is one of the most promising MBA streams in India, opening up various career paths including:
Major recruiters for MBA IT graduates come from IT, tech, and consulting firms. Major recruiters in India include:
Salaries for MBA IT graduates can differ depending on their job position and the industry they work in.
In IT, consulting, and tech roles, salaries can be even higher, especially for leadership roles like CIO or IT Director.
Also Read: How AI and Robotics Are Changing the Way We Work
Data is fundamental to any business, and in this MBA stream, you learn how to do data analysis, statistical modelling, predictive analytics and big data in this course.
An MBA in Business Analytics prepares graduates to interpret data for business decisions. It is ideal for those aiming to merge data-driven analysis with strategic thinking. Common roles include:
Top recruiters for MBA Business Analytics graduates come from a wide range of sectors, especially in tech and consulting. Major recruiters include:
Among the different streams in MBA, salaries for MBA Business Analytics graduates are considered to be on the higher side. The general estimates are:
Salaries in sectors like IT, consulting, and e-commerce can be even higher due to the demand for analytics professionals.
Also Read: What is an MBA in Financial Accounting?
This surging industry contributes nearly 10% of India’s GDP, and the MBA regarding the retail industry is also very much in demand. You learn about consumer behavior, retail strategy, merchandising, retail management and supply chain in this course.
An MBA in Retail Management focuses on managing the retail sector, from supply chains to customer experience. Graduates can take on diverse roles, such as:
Top recruiters for MBA Retail Management graduates typically come from the retail, FMCG, and e-commerce sectors like:
Compared to other MBA streams, the salary range in Retail Management is a bit lower:
Retail managers in e-commerce or luxury retail often command higher salaries due to the industry's growth and consumer demand.
So, these are some of the various MBA stream names that you should be aware of if you want to do an MBA. Now, let’s take a look at the five most promising MBA streams for a career in the coming years, in India.
Also Read: How an MBA in Technology Prepares Students for Leadership Roles in Tech
If you are wondering what the job prospects and salary expectations are for other MBA streams, here is a quick guide to it:
Here are three MBA streams to consider, if you are planning to study MBA this year. These streams have great job prospects now and in the next coming years. They are in no particular order.
With the Government of India pushing forward digital innovation through programs like Digital India, the need for professionals to interpret data is growing in demand. There is a huge explosion of data in India from various sources and industries need this data to be analyzed for making better business decisions. Hence, with an MBA in Business Analytics, it will be easy to find jobs in sectors like healthcare, manufacturing, eCommerce and finance.
If you are already an working professional, and want to better your job prospect, then this is a good MBA to choose. You can go for Dual Coursework MBA programs in USA where you can do part of your program in India, and the rest in the US. The subjects you study are blockchain technology, digital banking and fintech innovation. Hence if this is what you choose among the different streams in MBA, you will find yourself in good demand in the job market when you pass out.
India is fast becoming one of the biggest countries for healthcare tourism in the world. Along with that, the GOI is also pushing for more public sector healthcare awareness through programs like Ayushman Bharat. The pandemic also showed the importance of efficient healthcare management, which is why this is going to be one of the most in-demand MBAs in the coming years.
Also Read: How Technology Management Bridges the Gap Between Business and IT
The choice of your MBA stream should be made after thorough considerations. You should choose a field that you like, and also has demand in future market. We hope that our guide will help you get clarity on some important MBA streams related topics.
Finalizing the right MBA stream for career is not enough; you also need to make sure you do it from the right university or college. This is why at Futurense we provide opportunity for you to study in top MBA universities in the USA. With us, you can choose to study in the USA through our:
1. Managing Digital Enterprises with Analytics & AI
2. Digital Product Design and Management
3. FinTech & Cybersecurity
Popular streams include Finance, Marketing, HR, Operations, IT, Entrepreneurship, and emerging fields like Data Analytics and Sustainability Management.
Assess your interests, strengths, and career aspirations. Research industry trends, job opportunities, and the curriculum of each stream.
An MBA in Finance opens doors to roles like Financial Analyst, Investment Banker, and CFO, with high demand in fintech and global markets.
Yes, especially with the growth of digital marketing, e-commerce, and data-driven strategies. Roles include Brand Manager and Digital Marketing Head.
Graduates can pursue roles like HR Manager, Talent Acquisition Specialist, and Chief Human Resources Officer (CHRO).
It prepares you for roles in supply chain management, logistics, and process optimization, such as Operations Manager and Supply Chain Analyst.
With the rise of technology, an MBA in IT is highly valuable, leading to roles like IT Consultant, Product Manager, and Chief Technology Officer (CTO).
Yes, it provides skills in business planning, funding, and innovation, helping you launch and grow your own venture.
A general MBA offers a broad business overview, while a specialized MBA focuses on a specific area like Finance, Marketing, or HR. Choose based on your career goals.
Consider tuition fees, placement rates, average salary post-MBA, and the institution's reputation. Compare these with your career goals and financial situation.
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Delhi | Bengaluru
Employees
Delhi | Bengaluru
“Talking about building teams, I feel Futurense is playing a crucial role in it by providing tech talent that fits like the perfect piece in the jigsaw puzzle.”
“Stepping beyond the traditional way of hiring resources, training them, and then deploying them to me is one of the best processes that Futurense has.”
“Worked at a very low-paying job but couldn’t complain as my skills were not up to the mark. Futurense saved me with their “get paid to learn” model.”
“Honestly, I was sceptical at first. But the Tech Talk series changed my mind.. And I couldn’t have done any better than with Futurense!”
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