The Masters of Business Administration (MBA) is a two-year degree course designed to incorporate the skills required for business and management in students. MBA is helpful not only for getting into the business world but also for those who wish to go in public, private, or government sectors. There are many MBA specializations available in the top B-schools in Pune and also in other cities students can choose from. Students are taught about the basics of management and business during the first year of the course, and they have to select a specialization in the second year. The specialization you choose should be of your interest and its scope. Thus, you must consider your career goal and professional development before choosing a specialization.

Some of the popular specializations-

1. FINANCE
An MBA in finance is in great demand due to increasing opportunities in this sector. It opens many different paths for students in the financial world. This course teaches students to analyze company reports, understand economic trends, learn the ways to maximize stock value, choose investment portfolios, balance risk, and profitability. An MBA in finance can work in various fields like investment banking, taxation, tax planning, analysis and reporting of financial statements, hedge fund management, international finance, and insurance sector.

2.HUMAN RESOURCE
The human resource department is no less than the backbone of any organization as it is responsible for hiring and managing the workforce.
An HR manager hires and trains talented personnel, maintains good work culture, resolves conflicts in the organization, fosters good employee relations, and offers meaningful rewards and incentives. After completing an MBA in HR, one can work in different corporates, industries, schools, colleges, and MNCs. They are offered a reputed position as well as good salary packages. A competent, qualified and resourceful HR manager is always going to be in demand and would be highly appreciated.

3. MARKETING
MBA in marketing deals with different areas, such as:
Developing marketing strategies
Analyze consumer behaviour
Select the target market
Product and brand management
Managing distribution channels and retailing
Digital marketing
Pricing
Integrated marketing communication and
Marketing research

A good marketing manager can prove to be a boon to the company and result in a successful career. During the program, one can develop skills like analytical thinking, communication skills, negotiation, public speaking, creativity, leadership skills, situation handling, etc. After successfully completing the course, students get a chance to work with retailers, industries, manufacturers, MNCs, government and local authorities. Their key roles include promoting activities, updating databases, organizing events, developing marketing campaigns, and presenting ideas and strategies.

4. ENTREPRENEURSHIP
This course equips students with the skills, knowledge, and network required to become entrepreneurs. The program develops in students the ability to create ideas, develop product and service offerings, design commercial venture to take the business to the market. Students learn how to commercialize their business ideas, how to seek venture capital financing, and how to develop commercial business organizations. To have a successful career in entrepreneurship, one needs to be hard-working, creative, and have the strong risk-taking ability. MBA in entrepreneurship graduates can work in areas like automobile, advertising, banking, IT, insurance, etc. or start their own business.

Now that you know about the popular specializations of MBA, there are many management colleges in Pune and other cities as well which you can try for and go for the option that interests you to have a successful management career.