In today’s world, the scope of an MBA graduate is unparalleled. Apart from offering highly attractive pay packages, it also opens the door to that administrative post that you have always dreamed of. Not only is an MBA degree the most south after by the younger generation, but even experienced professionals are opting for it these days in order to enhance their career prospects.
Let us look at some of the most popular specializations that are being offered in this degree and their scope:
• MBA in Finance – Those who specialize in finance deal with investment strategies, with market economies and cover various aspects of accounting and managing finance like investments and business and risk management. The role of a finance professional is to analyze the practicability of business projects according to the availability of funds. It is his job also to plan new strategies that will help in raising money and to explore and research for other areas for investments. The jobs in this sector are increasing and become quite challenging as more CFAs and CSs are entering this sector and hence turning it into a rather dynamic and competitive field.
• MBA in Marketing – this deals with the art of selling products and services. A marketing person is taught how to analyze the practicability of products according to the market demand, to design strategies in order to market new products and to set goals. An MBA in marketing usually covers every aspect of marketing management – from sales, advertisements, to branding, finance and even people management. There is huge scope in this sector and marketing professionals are always in demand because of the immense competition in marketing products and services. Job profiles in this field includes that of a sales manager, brand manager, advertising manager, public relations manager, product manager, market research analyst, etc.
• MBA in HR – Human Resource is one of the most important parts of any organization because they have the crucial job of recruiting people. These days the scope of HR has widened and now they also deal with labour disputes, with training employees, payroll and compensation policies and with union and labour relations. An MBA in HR teaches how to build and develop proper relations among all the employees, how to manage them and keep them in harmony so that they can give their best to the organization they are working for. Therefore, HR being such an integral part of every organization, there will always be a demand for skilled professionals with proper understanding of the subject.
At Millennium Academy of Professional Studies (MAPS), the MBA program has been specifically designed to empower the students through quality education that focuses on innovation, entrepreneurship and in solving real world practical problems. The institute has been developed keeping in mind the highest international standards and has the latest state-of-the-art infrastructure so as to ensure that their technological capabilities meet the cutting edge requirements of the industry in order to promote learning. And finally, MAPS sees to it that every student always remains motivated and challenged by being part of a lively, enjoyable and active community of learning.