A typical two year MBA program the first and the second year of which is separated by the summer internship, orients the students to the field of management in a holistic manner. The first year is more generic in nature where the students get an idea of all that they must know regarding the various management functions.
In the Second year the students have to choose from the variety of specialization choices. There are five main specializations that are offered by almost all MBA institutes in India.
They are Marketing, Finance, Human Resources Development, and Operations Management and Information technology.
MBA Courses do not provide many choices during the first year .Students generally learn core subjects in the first year in all MBA Courses. But at the end of the first year the choice of specialization should become clearer.
In the second year the students take the elective or the optional courses to specialize in a maximum of two functional areas. These areas finance, information management, Marketing, strategy and operation management.
To get specialized in these areas a student must take a minimum of five elective courses credited offered in that area.
XLRI Jamshedpur gave the broad criteria on choosing the specialization of MBA programs. You have to choose the career very carefully. One should select the right path on the basis of the interest and instincts and not on the basis of peer pressure of high salary.
Students who have mechanical ability who prefer to work with the objects, machinery and the tools should choose production management, marketing, and strategy and operation management.
To specialize in an area a student must take a minimum of five elective course credits offered in that area.
Students who have artistic, innovating or institutional abilities and like to work in unstructured environment using their imagination and creativity should work for the strategy sector.
Specialized MBA institutes offer some specialized MBA in International business. The MBA Program is also called MB (IB).
IIM Ahmadabad has launched an elective course for its PGPM second year students. The name of the course is Contemporary film industry .The course aims at giving a general background of the film and entertainment business like features films and films, documentary, filmmaking, animation films and glimpse of the global film industry.
MBA experts recommend that passion and interest should be the key, rather than external reasons like market condition and job prospects.
While doing an MBA program, the specializations should be chosen on the basis of your passion, choice and capability.
The MBA institutes can only introduce you towards the various domains of an MBA program. You have to be your own judge to take decisions regarding the specializations.