All Your MBA FAQs Answered Here

Do you have any doubts regarding MBA? Are you apprehensive about the many specializations and job prospects pertaining to MBA? Here are some of the common MBA FAQs answered:

There are 6 MBA specializations to choose from- Marketing, Finance, Human Resources, IT/System, Operations and Entrepreneurship.

Marketing Management is the most popular discipline amongst management graduates. It appeals to those with leadership qualities and fairly good communication skills. A career in marketing offers ample scope for growth, innovation, responsibility and challenge. Brand Manager, Area Manager, Product Manager, Marketing Manager and Chief Marketing Officer (CMO) are the various designations. The companies include Fast Moving Consumer Goods, Advertising, Consumer Durables, Non-Durables, Media, Services Marketing and Market Research.

Finance Management is a career that is apt for those who are interested in quantitative skills. Those who also have an interest in planning, policy information and managing resources can also opt for finance management. A career in finance is best described as ‘Number Crunching’. Finance is about managing money and its repercussions. Banks, Financial Institutions, Stock Brokerage Houses and Investment Bankers recruit Finance MBAs.

HR Management is about managing people, managing employees. MBAs in this stream usually specialize in ‘compensation’. They are of in charge of Recruitment and Selection, Performance Appraisals, Employee Packages, Grievance Redressal Cells, etc. You could be a HR Manager, an Industrial Relations Manager or a Personnel Manager.

As far as Information Technology (IT) and/or Management Information Systems (MIS) is concerned, the field is usually favourable for technical graduates and engineers. IT Companies usually recruit MBA-Systems.

Those who are specifically inclined towards Production / Shop-floor Management opt for Operations Management. IT Companies, Manufacturing companies and Engineering companies recruit such MBAs. They are generally required to deal with the internal and external movements within an organization. It refers to vendor development, processes, ancillary management and relationships.

Entrepreneurship Management is usually chosen by those who have a family-managed business. It is a challenging and thrilling career option. With e-commerce catching up, Entrepreneurship Management has become a lucrative career stream for MBAs. It involves a huge amount of risk, but it also guarantees high returns if you succeed.

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