Top 4 MBA Specialisations with Fees Structure & Eligibility Criteria
According to research, the job in management roles is projected to rise 8 per cent from 2021 to 2031, faster than the average for all occupations; this boost is expected to result in about 883,900 new career opportunities over the decade.
Whether it is a scalable start-up, brick-and-mortar business or social enterprise, success lies in the skilful execution of an idea. Earning a Master of Business Administration (MBA) degree is one way of learning the skillset students need to turn their passion into a profitable, sustainable business.
MBA graduates will be just as ambitious to succeed in the business world.
Pursuing an MBA degree will help students learn how to generate more revenue, hire the right person, fit teams into the company’s vision and culture, and engage staff in what they are trying to accomplish. However, an MBA specialisation will help them gain the requisite knowledge and ethics to work in a specific field.
Top Four MBA Specilisations
MBA opens up a massive choice of career opportunities, increases your earning potential, helps you gain business management skills, and helps grow your network. Have a look at the listed below specialisations with MBA course fees structure and eligibility criteria –
- MBA in Business Analytics – MBA in Business Analytics is a most in-demand course with many career opportunities. The course focuses on enhancing students’ knowledge and skill for careers so they can apply and manage modern data science to handle business challenges.
The demand for talented business analytics professionals is increasing every day, and many international companies employ them.
- MBA Course Fees Structure – Annual Fee INR 1-2 lakh
- Eligibility for MBA in Business Analytics – Students need to complete a bachelor’s degree from any recognised college. They need approx 60% marks in their previous degree.
2. MBA in Supply Chain Management – MBA in Supply Chain Management is a two-year professional management program divided into four semesters. The course will help students to develop management skills and provide knowledge about the back-end operations of a business unit.
After completing a degree, students can become Business Operations Managers, Strategic Sourcing Managers, Managers of Global Sourcing, etc.
- MBA Course Fees Structure – The average course fee ranges from INR 60,000 to INR 26,00,000.
- Eligibility for MBA in Supply Chain Management – Students need approx 45% – 50 marks in bachelor’s degree courses from a reputed university.
3. MBA in Healthcare Management – MBA Hospital Management is a 2-year management degree course that focuses on building professionals for the healthcare industry. These professionals deal with the new plans, strategies and systems involved in growing and managing the healthcare business.
They have a variety of responsibilities, including maintaining the hospital’s compliance with health rules, developing new policies, and even aiding in hiring new medical professionals.
- MBA Course Fees Structure – The average tuition fee in India ranges between INR 1.5 to INR 7 lakhs per year.
- Eligibility for MBA in Healthcare Management – After meeting all the eligibility criteria, students must clear Personal Interviews and Group Discussion rounds as per the university requirement.
4. MBA in Construction Management – MBA in Construction Management is a 2-year postgraduate degree divided into four semesters. It deals with the field of construction, such as real estate, infrastructure and industries.
Students can work as Project Managers, Real Estate Developers, Site Engineers, and several other positions.
- MBA Course Fees Structure – INR 50 thousands – INR 10 lakhs
- Eligibility for MBA in Construction Management -The minimum Percentage of every university demand is 45-50%. Most universities also require students to clear national and state-level entrance exams.
Conclusion
It doesn’t matter which specialisation you take, but one thing that matters a lot is that an MBA will help you hone your written and verbal communication skills. In addition, it allows you to successfully convey important concepts to different people at different levels in a company to ensure everyone can work together toward a common goal.
