Discover four areas of MBA specialization that will open many professional doors in business administration and management.
Maybe you’re not sure if you need a master’s degree or a graduate degree. After all, you already have your bachelor’s degree and, depending on your field of study, you may not even need to continue higher education to pursue your desired career path.
That said, there are many masters degrees available that can really deepen your knowledge of your chosen field and open more doors for your future career.
A Master of Business Administration is a great example. Better known as an MBA, the qualification allows graduates in this area of education to improve their already developed skills and is a course that has become highly respected by companies and employers around the world.
The program is recommended because of its breadth and the wide range of skills it typically covers. If you decide to pursue an MBA after pursuing a similar degree, you are unlikely to be disappointed.
This course is also great for those looking to study abroad as it is available at many universities in the world’s great study destinations. Many institutions offer MBAs that specialize in a specific area you might be interested in.
Difference between MBA and specialization
But first, it is important to know that when looking for an MBA abroad, you will usually find two course options: General MBA and Specialized MBA.
On a general MBA course, you will study several key areas of management and business administration at a more in-depth postgraduate level.
Discover four specialized MBA areas below:
1. General management
Because it’s such a varied field, an MBA in Management tends to be one of the most popular. The course aims to teach students about the professional and personal requirements of managing a team, a part of a business or a small company.
These MBAs can focus on, but are not limited to, people management, UX management, corporate strategies, and business law.
With this degree under your belt, you’ll be a suitable candidate for a variety of management roles, such as:
- Human resources manager
- Administration Manager
- User Experience (UX) Manager
- retail manager
You will have the power to manage a team and/or the data of a company. Furthermore, it will be a vital part of any professional environment, from large companies to small start-ups.
2. Marketing
An MBA specializing in marketing is arguably more useful now than ever. With social networks and the internet, the marketing scenario has changed so much that a graduation ten years ago is already completely different from today.
The marketing MBA is a great educational and professional asset. It can lead to careers in this industry as few other courses can.
With an MBA in marketing, you will focus on the managerial aspect of all areas related to marketing such as campaign, team, business and brand management. Kurdish even delve into other things like public relations and customer relations.
With this MBA, you can take on the following roles:
- brand manager
- digital marketing manager
- social media manager
The detailed marketing education of an MBA will make you an asset in any business. As marketing practices constantly change, having someone who understands your history and how it works can be the difference between a successful business and one that struggles to keep up with the trends.
3. Finance
The world of finance is wide-ranging, so an MBA in this area needs to be just as diverse. If you are interested in a career in finance, you will benefit from continuing your studies with an MBA abroad.
Not only will you gain an in-depth look at today’s financial world, but you’ll also gain a thorough understanding of its ins and outs, providing you with what you need for a career in finance.
Careers in this area include:
- corporate finance
- international finance
- Risk management
- Investment analysis
If you come from an undergraduate degree in finance, an MBA may be just what you need to refine your general knowledge and skills and allow you to start working in a related role.
4. IT Management
While many management skills are indeed transferable between different fields, the Information Technology (IT) sector can pose new challenges that you don’t find in other fields.
Like marketing, IT is more important than ever. From information security to website maintenance, many companies rely on internal or external IT teams to keep everything running exactly as it should.
This paved the way for many IT careers, including opportunities in managerial roles that help IT teams work more and more efficiently:
- IT Manager
- Project Manager
- site manager
IT teams have become crucial for many companies. In countries like the UK and US, remote roles have increased from around 5% to over 25% since the pandemic. The need for IT support is evident.
With an MBA in IT, you will have the industry knowledge and understanding needed to fill one of these management roles.
An MBA is a great option if you want to deepen the skills and knowledge you gained in your degree. Specializing in this type of Master’s in Business Administration only increases your credibility when it comes to applying for a position in a specific field, while also providing you with a broad foundation in management fundamentals.