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5 Emerging areas of specialization for MBA students
By Silicon India | Tuesday, 09 August, 2011
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Bangalore: Gone are the days when MBA was just done in Finance, HR or Marketing. New opportunities and new areas of career has opened up new areas of specialization for students. With colleges offering wide variety of options, students are often confused about making the right choice. We suggest passion and interest should be the key in making the choices, rather than external reasons, such as market conditions and career prospects. However, giving below a few new and hot options you can consider for your specialization
Supply Chain Management
This course will help you to learn about the different aspects of logistics functions, including purchasing, operations, warehousing, transportation and supply chain management and which will assist you in the management of resources, processes and people. Institute of Logistic and Aviation Management (ILAM) is offering MBA programs specifically focused on Logistics, Supply Chain Management and Aviation industries. IM-Calcutta, XLRI- Jamshedpur, IIM - Indore,Indian Institute of Materials Management (IIMM), Symbiosis Centre For Distance Learning are also offering MBA program in Supply Chain Management.
Health care Management
The course will give you an insight in to how healthcare administration really works, what are the issues that need to be addressed by professionals, how to minimize costs, manage resources in an efficient manner and maximize return on investment. With the healthcare industry witnessing remarkable growth in the last few years, the concept of healthcare has gone beyond hospitals and it has also increased the demand for quality healthcare professionals in India. Indian Institute Of Pharmaceutical Marketing, Faculty of Management Studies-University of Delhi, Tata Institute Of Social Sciences, Indian Institute Of Social Welfare and Management, Sree Balaji Medical College & Hospital, Institute of Management Studies-Talshashila Campus Devi Ahilya are some of the colleges which offers MBA in Health care Management.
Agri Business Management
The course explores production, marketing and trading related to agriculture and also covers improved growing techniques, agricultural machinery, fertilizer, pesticides pre- and post- harvest handling, storage, transportation, packaging and labeling. The evolution of agricultural sector from an unorganized and rural activity to a highly organized and corporate activity has increased the demand of Masters in Business Administration in Agribusiness. Institute of Agri-Business Management, IIM Ahmedabad, IIM Lucknow, Amity Business School, Aligarh Muslim University, L.N. Welingker, Mumbai are few among the colleges which offers MBA program in Agri-Business Management.
Bio Technology Management
The course will give you a whole idea about managerial and entrepreneurial aspects in the biotechnology, chemical, pharmaceutical or allied industries. MBA in Biotechnology Management equips the students with skills required to face challenges in biotechnology industry. This field also takes into account the risk management, financial considerations and controlling resources. The admission is based on entrance test (CAT, MAT or GMAT). The course is offered at Amity Institute of Biotechnology, New Delhi, The Department of Management Science of the University of Pune, Universal School of Biosciences, Institute of Public Enterprise (IPE), Tilak Maharashtra University (TMU), Pillai's Institute of Management Studies & Research (PIMSR) etc.
Design Management
Design Management is a new upcoming area of specialisation which is gaining prominence since last 6 to 7 years. The need for strategically managing design, projects, processes, new design related areas and leading innovation have become significant in the job description of not only managers but also designers. The objective of design management is to develop and maintain a business environment in which an organisation can achieve its strategic and mission goals through design, and by establishing and managing an efficient and effective system.Annamalai University in technical collaboration with INIFD conducts a 2 year MBA program in Design Management. National Institute of Design also offers PG in Strategic Design Management
Supply Chain Management
This course will help you to learn about the different aspects of logistics functions, including purchasing, operations, warehousing, transportation and supply chain management and which will assist you in the management of resources, processes and people. Institute of Logistic and Aviation Management (ILAM) is offering MBA programs specifically focused on Logistics, Supply Chain Management and Aviation industries. IM-Calcutta, XLRI- Jamshedpur, IIM - Indore,Indian Institute of Materials Management (IIMM), Symbiosis Centre For Distance Learning are also offering MBA program in Supply Chain Management.
Health care Management
The course will give you an insight in to how healthcare administration really works, what are the issues that need to be addressed by professionals, how to minimize costs, manage resources in an efficient manner and maximize return on investment. With the healthcare industry witnessing remarkable growth in the last few years, the concept of healthcare has gone beyond hospitals and it has also increased the demand for quality healthcare professionals in India. Indian Institute Of Pharmaceutical Marketing, Faculty of Management Studies-University of Delhi, Tata Institute Of Social Sciences, Indian Institute Of Social Welfare and Management, Sree Balaji Medical College & Hospital, Institute of Management Studies-Talshashila Campus Devi Ahilya are some of the colleges which offers MBA in Health care Management.
Agri Business Management
The course explores production, marketing and trading related to agriculture and also covers improved growing techniques, agricultural machinery, fertilizer, pesticides pre- and post- harvest handling, storage, transportation, packaging and labeling. The evolution of agricultural sector from an unorganized and rural activity to a highly organized and corporate activity has increased the demand of Masters in Business Administration in Agribusiness. Institute of Agri-Business Management, IIM Ahmedabad, IIM Lucknow, Amity Business School, Aligarh Muslim University, L.N. Welingker, Mumbai are few among the colleges which offers MBA program in Agri-Business Management.
Bio Technology Management
The course will give you a whole idea about managerial and entrepreneurial aspects in the biotechnology, chemical, pharmaceutical or allied industries. MBA in Biotechnology Management equips the students with skills required to face challenges in biotechnology industry. This field also takes into account the risk management, financial considerations and controlling resources. The admission is based on entrance test (CAT, MAT or GMAT). The course is offered at Amity Institute of Biotechnology, New Delhi, The Department of Management Science of the University of Pune, Universal School of Biosciences, Institute of Public Enterprise (IPE), Tilak Maharashtra University (TMU), Pillai's Institute of Management Studies & Research (PIMSR) etc.
Design Management
Design Management is a new upcoming area of specialisation which is gaining prominence since last 6 to 7 years. The need for strategically managing design, projects, processes, new design related areas and leading innovation have become significant in the job description of not only managers but also designers. The objective of design management is to develop and maintain a business environment in which an organisation can achieve its strategic and mission goals through design, and by establishing and managing an efficient and effective system.Annamalai University in technical collaboration with INIFD conducts a 2 year MBA program in Design Management. National Institute of Design also offers PG in Strategic Design Management
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