Best MBA Specializations amid COVID-19
The Master of Business Administration, popularly called as MBA, is a two-year full-time programme that prepares you for a career in business and administration. This is a globally recognised degree, and the programme has been designed to sharpen the skills necessary for a successful career in any industry.
Many ambitious students may believe that the job opportunities for MBA after COVID-19 will decrease, but this is not the case. The current pandemic scenario has demonstrated that the world requires MBA graduates in addition to world-class doctors, scientists, engineers, and attorneys. Human Resources, Marketing, Sales, Finance, and other essential departments of the company are all covered by an MBA graduate.
Businesses will not shut down in the face of this pandemic because hundreds of thousands of lives are at stake. Additionally, MBA graduates have proven to be the most outstanding potential choice for running a business, without a doubt.
We’ll look at the best MBA specialization and career opportunities post-COVID-19
MBA in Entrepreneurship
Post-COVID -19, there will be a requirement for leaders, innovators, and influencers, who will be burdened with the responsibility to solve the problems during the pandemic. Many tech companies and new industries have supported humanity together during these challenging times with their creativity. However, the world needs more entrepreneurs to help those in need. Therefore, you must focus on Masters in Entrepreneurship. This course is designed to provide students with the knowledge, skills, and networks they will need to succeed as innovators and entrepreneurs. The curriculum teaches students how to develop business concepts, turn those concepts into service and product offerings, and then plan a commercial project to bring those concepts to market.
MBA in Data Analytics
COVID-19 has accelerated the path of technological disruption and digitisation. As a result of the changing circumstances, all businesses have had to review and update their goals. Companies from all industries will need skilled data analysts to undertake thorough market research. Under a course like an MBA in Data Analytics, candidates will learn Predictive Analysis, Artificial Intelligence Tools, Machine Learning Algorithms, Recommendation Systems, and Analytics. Due to the tremendous increase in the professional data analysts’ demands, an MBA in Data Analytics is one of the most in-demand specialisations during this era.
MBA in Digital Marketing
Marketing is a department that seems to remain operational even in the face of adversity. Digital realms have transformed the way we arrange analytics and propose campaigns today. Taking your business on the online digital platform is a fresh new strategy to survive the competition when distribution channels are disrupted, and physical promotions are no longer viable. Businesses may survive in these difficult times by promoting their brands online. The MBA in Digital Marketing provides students with all the required skills and expertise to develop effective digital marketing strategies. The course develops students’ creative capabilities by teaching them how to use digital platforms to target customers and sell their products and services effectively. As a result, after pursuing an MBA in digital marketing, a competitive MBA applicant will identify the proper niche. It is one of the most demanding MBA programmes available today.
MBA in Finance
During the lockdown, a lot of people have stopped spending more. There can be many reasons for the same, like uncertainty about the future, closure of many businesses/activities to spend on, restricting travel and entertainment. As a result, people started investing their money, which has resulted in the Fintech industry’s growth. Not to take away the fact that financial companies were already growing pre-pandemic as well. In recent years, the finance industry has been one of the most sought-after MBA specialities. MBA finance professionals are anticipated by everyone from banks to money managers. Therefore, there is a tremendous demand for leveraged finance professionals today. MBA in finance would point young brains in the right direction while also exposing them to appropriate job titles. It will undoubtedly be one of the most in-demand MBA specialisations in this era of disruption.
MBA in Operations and Supply Chain
With the onset of the pandemic, many businesses were forced to stop their supply chain and production department, which took a massive toll on their efficiency. However, with the situation at ease and businesses fully motivated to work at their best, there is no denying that businesses will look forward to pushing their boundaries. Therefore, they need operational managers to handle the business systems and supply chain management. The MBA in Operations and Systems provides a unique approach to today’s businesses. It’s an excellent opportunity for individuals who are motivated by independent thought and successful businesses. The development of problem-solving abilities is the focus of operations. The secrets to everyone’s success are a viable infrastructure and technological advancements.
MBA in Human Resource
The number of job options available in the human resources sector after COVID-19 is predicted to rise steadily. The business will hire more and more employees. Be it professional, executives, foreman, or fresh graduates. It is without a doubt the responsibility of HR to bring in the best talent to an organisation. Human resource management is one of the most important aspects of any business. Both small and large businesses benefit from a thriving human resource department. MBA in Human Resource Management is a great option for someone who values communication and organizational skills. HR analysts are employees tasked with resolving human-resource-related issues inside a company. They make sure that employees adhere to the company’s HR policies. In general, they serve as a link between management and personnel. They may also assess the performance of individual staff on occasion.
COVID-19 has demonstrated that we can all live in peace while assisting one another. As HR professionals and recruiters are always searching for good MBA graduates, the scope of MBA post-COVID-19 would experience rapid growth. One of the best parts of pursuing an MBA is that you can go straight into a management job, whereas other applicants will take a long time to get to that level.
Now you have a better understanding of MBA specializations and job opportunities in the post-COVID-19 era. Keep in mind that an MBA is now a necessary ingredient in the formula for success. No one can stop you from ascending the ladders of success if you have an MBA degree. You can become a world-class leader, and your leadership abilities can be the driving force behind an organization’s success.
Author Bio: Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP and managed to scale it up by 400% in just 2 years. Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.