In response to the incredible rise in mergers and financial transactions all over the world, MBA in Finance has turned out to be one of the hottest streams of MBA fields. Students from this MBA stream are taught subjects which are related to Strategic Financial Management, Security Analysis & Management and Taxation Management. But on the other hand MBA in HR has also gained much significance. Possibly as one of the much popular alternatives for the MBA graduates, MBA HR along with MBA Finance has gained much popularity. The students of HR study subjects like Human Resource Development, Human Resource Planning and audit, Performance Management study, Contemporary issues of human resources at work and Strategic and Workforce Planning.
In additional to HR and finance, there are number of other MBA streams like International Business, E-commerce, Information technology, Marketing, Insurance, banking, hospitality management etc.
One might wonder at times as to how MBA in HR or finance helps an individual in his career? MBA in Finance is now days one of the most desired and opted specialization by the students who desire making their career in this MBA field. Specialization in finance is amid the most favorite ones among the students now days as it is widely demanded by the corporate sectors. The changes in the global economy have made finance the most favorite subject for students and a necessity for the employees of corporate sector.
With open market policy gaining significance, the number of MBA Finance students has increased to great extent. Students with specialization are possible to search employment in various industries like investment, banking, and stock market and so on. The growth in stock market of India has also opened a wide avenue for the finance students of MBA. The progressing stock market has produced great demand for MBA streams like finance and insurance, hence forth giving more scope to careers like portfolio managers, equity advisors, financial experts and stock brokers.
Another upcoming demand of corporate sector is MBA HR as they want candidates who have specialization in this particular field so that they can handle the challenging and intellectual work easily and efficiently. The HR program is for 2 years and is provided by almost all colleges in India. The main topics which are taught in this field are Psychology, Organizational Behavior, performance appraisal, ethics in establishments, winning across cultures, management applications, team building, negotiation and counseling etc.
The candidates who have pursued their specialization in Human Resources are offered prosperous, attractive and lucrative packages. This sector is undergoing advancement and growth in every aspect with the passing phase, thereby establishing the modifications in HR MBA degree. The management field is generally the one which demands MBA (HR) executives to survive the balance in any corporate sector. Human resources are very important asset of any organization and it is duty of HR executive to look after their needs and well being.
So if you are wondering which specialization is best, worry not. All MBA fields have their own significance and importance. It all depends on the qualities, interest of the respective candidates for what they want to opt for or make their career with.
