10 Upcoming or New Specializations in MBA & the Job Opportunities
Srinivasan is an accomplished people-oriented professional with over 2 decades of rich & extensive experience in delivering quality education to post-graduate students, conducting educational assessment and building student relations with focus on engaging and motivating students to learn & excel.
Business is changing at a pace unprecedented in the past. Be it AI, e-commerce, or fintech, the race is leading industries to change rapidly, and so are skills to succeed in them. Accordingly, MBA programs across India have expanded their specializations to align with the requirements of the modern job market. If you are considering an MBA, it is a perfect time to consider some of these latest specializations that assure huge career growth and handsome remuneration. Here are ten of the newest MBA specializations and the career options they offer in India:
MBA in Artificial Intelligence
Over time, artificial intelligence has evolved from a futuristic concept to a foundation in multiple industries. MBA in Artificial Intelligence teaches the application of AI and ML to real business problems so organizations can become more efficient, and data driven.
Job Opportunities: Graduates can look forward to becoming an AI Consultant, Data Scientist, Machine Learning Engineer, Product Manager, and AI Data Analyst. Organisations of all types, whether big technology firms such as Amazon and Flipkart or older organisations like Larsen & Toubro, are investing heavily in artificial intelligence as a means of streamlining processes and making better decisions.
Salary Potential: Starting salary potential is in the range of ₹6 lakhs to ₹12 lakhs per year for AI-related posts, which goes up with experience as top professionals fetch more than ₹20 lakhs a year.
Top Institutes: MBA ESG India, Amity University Noida, SRM University.
MBA in Business Analytics & Big Data
It is the big data era, and companies have to work hard to bring out full utilisation of the tremendous amounts of data they collect in support of decision-making and gaining a competitive edge. MBA in Business Analytics helps transform data into actionable insights that help companies identify trends, improve the customer experience, and optimise operations.
Job Opportunities: The usual positions are business analyst, data analyst, marketing analyst, and analytics consultant. With industries of all types increasingly adopting data analytics, the demand for professionals who could read between the lines from complicated data and provide top-level insights into it is really booming.
Salary Potential: The salary range is between ₹6 lakh to ₹15 lakh and goes much higher as it depends upon the position of a person, especially when the market is heavily looking for data-savvy professionals.
Top Institutes: IIFT, IIMs, Chandigarh University.
MBA in Sports Management
India's sports industry is on an upswing with the popularity of sports leagues such as IPL and ISL. An MBA in Sports Management prepares a student for all matters concerning the business side of sports, starting from event management to sponsorship and talent management.
Job Opportunities: Career paths include those of sports event manager, sponsorship manager, talent manager, and sports marketing consultant. As sports have gained such commercial importance, professionals who understand the essence of the game as well as the business involved in it are in high demand.
Salary Potential: Entry-level role salaries are in the range of₹4 lakh to₹9 lakh. Top professionals in this field can touch as much as ₹15 lakh per annum.
Top Institutes: MBA ESG India, Symbiosis International University, Amity Global Business School.
MBA in Digital Marketing
No business can afford to ignore this prospect of digital marketing anymore; it is a question of necessity. MBA in digital marketing is the right approach for students to cater to the new age marketing needs since it discusses all the aspects of online marketing strategies, such as SEO and the management of social media, analytics of data, and so on.
Job Opportunities: Aspirants can grab roles as Digital Marketing Manager, SEO Specialist, Social Media Manager, and Content Strategist. With each industry looking to go online, the requirement for professional digital marketers only increases.
Salary Potential: The initial salary ranges between ₹2 lakh and ₹8 lakh, but when you have experience or a strong portfolio, top professionals draw salaries as high as ₹12 lakh per annum.
Top Institutes: IIDE Mumbai, IMT Ghaziabad, Lovely Professional University.
MBA in E-commerce Logistics & Supply Chain Management
In the present scenario, where e-commerce is on the ascendancy, supply chain management is something that has become imperative to every business. An MBA in E-commerce Logistics & Supply Chain Management is that course of study that is aimed at providing the student with the skills of managing a very complex supply chain and optimising logistic operations in a world driven by e-commerce.
Job Opportunities: Direct entry for Supply Chain Manager, Logistics Coordinator, and Supply Chain Analyst will be available after graduation. The e-commerce rise comes along with these big systems, which have experts in managing them.
Salary Potential: Starting salary ranges around ₹8 lakh-₹12 lakh. Salaries up to ₹15 lakh may even go higher for experienced professionals.
Top institutes: MBA ESG India, IIM Udaipur, Amity University Noida, Chandigarh University.
MBA in Fintech Management
Fintech is one of the fastest-growing sectors in India, blending finance and technology to revolutionize banking, payments, and investment. A master's in business administration in Fintech Management thoroughly equips students with knowledge of the financial system, concentrating mainly on digital payment solutions and blockchain.
Job Opportunities: Graduates may become Fintech analysts, product managers, risk managers, or compliance managers. Present job openings exist for such professionals at fintech start-ups as well as traditional financial institutions.
Salary Potential: Many graduates settle in the range of ₹4.5 lakh and ₹8.7 lakh per annum, while experienced ones can elevate them above ₹23–25 lakh.
Top Institutes: ITM University, DY Patil International University, IIMs.
MBA in Luxury & Fashion Management
In the current Indian luxury market, brands have gained immense growth. This calls for professionals well-versed in both creative aspects and the business parlance related to the fashion and luxury brands. This is the stream that unfolds brand management, marketing, and the general luxury market in the world.
Job Opportunities: Graduates can end up as blockchain management consultants, blockchain finance experts, and tech entrepreneurs. The applications of blockchain technology are varied and thus will lead to a high demand for expertise in that field.
Salary Potential: A minimum of ₹6 lakh-₹10 lakh as entry-level. Seasoned professionals may expect over₹30 lakh annually.
Top Institutes: MBA ESG India, Pearl Academy, Jain University.
MBA in Rural & Agri-Business
The rural economy of India contributes to the overall economy of the country. An MBA in Rural & Agri-Business trains a student to face challenges that exist solely in rural markets and agricultural industry.
Job Opportunities: The Rural Development Manager, Agri-Business Consultant, and Agriculture Marketing Manager are some of the available positions. The current increased focus on rural development and sustainability has made this specialisation more relevant now than ever.
Salary Potential: Starting salaries range from ₹4 lakh and senior positions up to ₹12 lakh per year.
Top institutes: IIM Ahmedabad, IIM Lucknow, Amity University.
MBA in Blockchain Management
Blockchain technology may go beyond mere cryptocurrencies. An MBA in Blockchain Management looks at how blockchain is used to transform other industries from supply chain management, healthcare, to finance.
Job Opportunities: MBA holders can work as blockchain consultants, project managers, or asset managers. As more organizations become interested in blockchain, the need for professionals who know how to produce something in this new-fangled field is shooting through the roof.
Salary Potential: The entry-level salary would be between ₹7 lakh and ₹20 lakh, while the higher potential earning is associated with years of experience in this field.
Top Institutes: IIIT Bangalore, Amity University.
MBA in International Business
The added pressure on the outcome of the growth in India's trade with regards to countries and the skills necessary can be supported by providing the students with an MBA in their pocket that equips students with an understanding of the global markets, trade policies, and international business strategies to navigate through the complexities of global trade.
Job Opportunities: International Business Consultant, Global Business Manager, Trade Analyst, Export Manager are some of the many job roles available. There is a great demand from multinational companies for the management of international operations and international trade operations.
Salary Potential: Starting salaries range between ₹ 10 lakh to ₹ 15 lakh; depending on the institute, it can further reach up to ₹ 30 lakh and more with senior-level positions.
Top institutes: MBA ESG India, IIFT, Jamia Milia Islamia, MDI Gurgaon.
As the industries develop, so should the educational programs that spawn the professionals. Whether it is technology, sports, or rural markets in general, international trade, and most of the new MBA specialisations that are currently sprouting look exciting and will be well paid.
Each of the mentioned specialisations provides a high degree of alignment with the current market demands and gives students scope for long-term growth, making them excellent choices for anyone looking to advance their careers in the dynamic world of business. Whether just graduated or simply looking to enhance skills, the right MBA specialization could open up to a fulfilling and high-rewarding career.
.jpg "Dr. Srinivasan K, Director, MBA ESG")
Business is changing at a pace unprecedented in the past. Be it AI, e-commerce, or fintech, the race is leading industries to change rapidly, and so are skills to succeed in them. Accordingly, MBA programs across India have expanded their specializations to align with the requirements of the modern job market. If you are considering an MBA, it is a perfect time to consider some of these latest specializations that assure huge career growth and handsome remuneration. Here are ten of the newest MBA specializations and the career options they offer in India:
MBA in Artificial Intelligence
Over time, artificial intelligence has evolved from a futuristic concept to a foundation in multiple industries. MBA in Artificial Intelligence teaches the application of AI and ML to real business problems so organizations can become more efficient, and data driven.
Job Opportunities: Graduates can look forward to becoming an AI Consultant, Data Scientist, Machine Learning Engineer, Product Manager, and AI Data Analyst. Organisations of all types, whether big technology firms such as Amazon and Flipkart or older organisations like Larsen & Toubro, are investing heavily in artificial intelligence as a means of streamlining processes and making better decisions.
Salary Potential: Starting salary potential is in the range of ₹6 lakhs to ₹12 lakhs per year for AI-related posts, which goes up with experience as top professionals fetch more than ₹20 lakhs a year.
Top Institutes: MBA ESG India, Amity University Noida, SRM University.
MBA in Business Analytics & Big Data
It is the big data era, and companies have to work hard to bring out full utilisation of the tremendous amounts of data they collect in support of decision-making and gaining a competitive edge. MBA in Business Analytics helps transform data into actionable insights that help companies identify trends, improve the customer experience, and optimise operations.
Job Opportunities: The usual positions are business analyst, data analyst, marketing analyst, and analytics consultant. With industries of all types increasingly adopting data analytics, the demand for professionals who could read between the lines from complicated data and provide top-level insights into it is really booming.
Salary Potential: The salary range is between ₹6 lakh to ₹15 lakh and goes much higher as it depends upon the position of a person, especially when the market is heavily looking for data-savvy professionals.
Top Institutes: IIFT, IIMs, Chandigarh University.
MBA in Sports Management
India's sports industry is on an upswing with the popularity of sports leagues such as IPL and ISL. An MBA in Sports Management prepares a student for all matters concerning the business side of sports, starting from event management to sponsorship and talent management.
Job Opportunities: Career paths include those of sports event manager, sponsorship manager, talent manager, and sports marketing consultant. As sports have gained such commercial importance, professionals who understand the essence of the game as well as the business involved in it are in high demand.
Salary Potential: Entry-level role salaries are in the range of₹4 lakh to₹9 lakh. Top professionals in this field can touch as much as ₹15 lakh per annum.
Top Institutes: MBA ESG India, Symbiosis International University, Amity Global Business School.
MBA in Digital Marketing
No business can afford to ignore this prospect of digital marketing anymore; it is a question of necessity. MBA in digital marketing is the right approach for students to cater to the new age marketing needs since it discusses all the aspects of online marketing strategies, such as SEO and the management of social media, analytics of data, and so on.
Job Opportunities: Aspirants can grab roles as Digital Marketing Manager, SEO Specialist, Social Media Manager, and Content Strategist. With each industry looking to go online, the requirement for professional digital marketers only increases.
Salary Potential: The initial salary ranges between ₹2 lakh and ₹8 lakh, but when you have experience or a strong portfolio, top professionals draw salaries as high as ₹12 lakh per annum.
Top Institutes: IIDE Mumbai, IMT Ghaziabad, Lovely Professional University.
MBA in E-commerce Logistics & Supply Chain Management
In the present scenario, where e-commerce is on the ascendancy, supply chain management is something that has become imperative to every business. An MBA in E-commerce Logistics & Supply Chain Management is that course of study that is aimed at providing the student with the skills of managing a very complex supply chain and optimising logistic operations in a world driven by e-commerce.
Job Opportunities: Direct entry for Supply Chain Manager, Logistics Coordinator, and Supply Chain Analyst will be available after graduation. The e-commerce rise comes along with these big systems, which have experts in managing them.
Salary Potential: Starting salary ranges around ₹8 lakh-₹12 lakh. Salaries up to ₹15 lakh may even go higher for experienced professionals.
Top institutes: MBA ESG India, IIM Udaipur, Amity University Noida, Chandigarh University.
MBA in Fintech Management
Fintech is one of the fastest-growing sectors in India, blending finance and technology to revolutionize banking, payments, and investment. A master's in business administration in Fintech Management thoroughly equips students with knowledge of the financial system, concentrating mainly on digital payment solutions and blockchain.
Job Opportunities: Graduates may become Fintech analysts, product managers, risk managers, or compliance managers. Present job openings exist for such professionals at fintech start-ups as well as traditional financial institutions.
Salary Potential: Many graduates settle in the range of ₹4.5 lakh and ₹8.7 lakh per annum, while experienced ones can elevate them above ₹23–25 lakh.
Top Institutes: ITM University, DY Patil International University, IIMs.
Pioneer your future by embracing the new & innovative specializations available in various sectors that leads you directly to bring innovation in your career!
MBA in Luxury & Fashion Management
In the current Indian luxury market, brands have gained immense growth. This calls for professionals well-versed in both creative aspects and the business parlance related to the fashion and luxury brands. This is the stream that unfolds brand management, marketing, and the general luxury market in the world.
Job Opportunities: Graduates can end up as blockchain management consultants, blockchain finance experts, and tech entrepreneurs. The applications of blockchain technology are varied and thus will lead to a high demand for expertise in that field.
Salary Potential: A minimum of ₹6 lakh-₹10 lakh as entry-level. Seasoned professionals may expect over₹30 lakh annually.
Top Institutes: MBA ESG India, Pearl Academy, Jain University.
MBA in Rural & Agri-Business
The rural economy of India contributes to the overall economy of the country. An MBA in Rural & Agri-Business trains a student to face challenges that exist solely in rural markets and agricultural industry.
Job Opportunities: The Rural Development Manager, Agri-Business Consultant, and Agriculture Marketing Manager are some of the available positions. The current increased focus on rural development and sustainability has made this specialisation more relevant now than ever.
Salary Potential: Starting salaries range from ₹4 lakh and senior positions up to ₹12 lakh per year.
Top institutes: IIM Ahmedabad, IIM Lucknow, Amity University.
MBA in Blockchain Management
Blockchain technology may go beyond mere cryptocurrencies. An MBA in Blockchain Management looks at how blockchain is used to transform other industries from supply chain management, healthcare, to finance.
Job Opportunities: MBA holders can work as blockchain consultants, project managers, or asset managers. As more organizations become interested in blockchain, the need for professionals who know how to produce something in this new-fangled field is shooting through the roof.
Salary Potential: The entry-level salary would be between ₹7 lakh and ₹20 lakh, while the higher potential earning is associated with years of experience in this field.
Top Institutes: IIIT Bangalore, Amity University.
MBA in International Business
The added pressure on the outcome of the growth in India's trade with regards to countries and the skills necessary can be supported by providing the students with an MBA in their pocket that equips students with an understanding of the global markets, trade policies, and international business strategies to navigate through the complexities of global trade.
Job Opportunities: International Business Consultant, Global Business Manager, Trade Analyst, Export Manager are some of the many job roles available. There is a great demand from multinational companies for the management of international operations and international trade operations.
Salary Potential: Starting salaries range between ₹ 10 lakh to ₹ 15 lakh; depending on the institute, it can further reach up to ₹ 30 lakh and more with senior-level positions.
Top institutes: MBA ESG India, IIFT, Jamia Milia Islamia, MDI Gurgaon.
As the industries develop, so should the educational programs that spawn the professionals. Whether it is technology, sports, or rural markets in general, international trade, and most of the new MBA specialisations that are currently sprouting look exciting and will be well paid.
Each of the mentioned specialisations provides a high degree of alignment with the current market demands and gives students scope for long-term growth, making them excellent choices for anyone looking to advance their careers in the dynamic world of business. Whether just graduated or simply looking to enhance skills, the right MBA specialization could open up to a fulfilling and high-rewarding career.
