Best MBA & PGDM Specializations in 2021: Which One to Choose?

The COVID-19 pandemic introduced uncertainty into major aspects of national and global society, including academia. Even today, academicians must grapple with choices that balance the health risks associated with in-person learning against the educational needs of students.

Amidst all this uncertainty, education mustn’t pause. It is time to open the academic chapter of the year 2021. 

So, are you a prospective business student looking to apply to specialized MBA & PGDM programs? If you are, you’ve landed on the right page.

In this blog, you will read all about the best MBA & PGDM specializations that will have the most focus in the year 2021. You’ll learn more about the in-demand subject specializations and how to choose the one that’s right for you.

Let’s get going then?

Why do students choose to do an MBA?

Earning an MBA degree can have several benefits in your life. In fact, those benefits aren’t just restricted to your career and professional goals, but apply to your non-work life as well. If you’re on the fence about pursuing an MBA or attempting to weigh the benefits of earning an MBA, consider these reasons why you should get an MBA. Some of them may surprise you.

So, why should you pursue an MBA degree in India?

  1. Gain appreciation of the system- Regardless of your background, technical, business, or liberal arts, the MBA will provide you the necessary learning to run a business.
  2. An enabler to higher levels of management- An MBA is a requisite to be considered for open management positions. This shows the prospective employer that the applicant has is qualified in the advanced concepts of running a business.
  3. Become an entrepreneur- To become an entrepreneur, being able to compose a sound business plan and have a thorough understanding of the key components, an MBA is a good idea.
  4. Increased skill set- Much of the hard and soft skills you gain from earning your MBA is applicable across many industries. You become versatile regardless of your job role or industry due to qualities like leadership, critical and analytical thinking, creativity, and communication. 
  5. Broader worldview- By gaining an MBA degree you’re addressing the big business issues and real-world business challenges. By getting these insights, your exposure to global, social, and business issues also widens. 

For many professionals, getting an MBA seems like the next logical step to advancing their careers. We could go on and on and tell you why it’s worth it to pursue an MBA.

DID YOU KNOW?

At Indira Institute of Management (IIMP) and Indira School of Business Studies (ISBS) Pune, we offer a good mix of theoretical learning and industry exposure.

The benefits of graduating with an IIMP and an ISBS MBA, specifically, are numerous! But before you decide to do an MBA, have you considered an MBA specialization that would be beneficial for both immediate and long-term success? 

If you’re investing your time and money into an MBA, you need to be confident that you’ll remain motivated throughout the duration. So, we’ve curated the most popular MBA specializations in the year 2021.

Most popular MBA specializations of 2021:

  • MBA in General Management
    Of all the specialized MBA programs, General Management is one in-demand. General management students learn a lot more about management skills and outlooks applicable to human resources and marketing to systems and UX. 
  • MBA in Marketing
    If you’re sure to venture into marketing and advertising, consider a specialized MBA in Marketing. You’ll learn the skills relevant across marketing and sales roles at B2C and B2B companies. 
  • MBA in Human Resource Management
    Study of MBA in Human Resource Management (HRM) helps you understand the people’s function at work, their legal frameworks governing human resource management. You’ll also understand how to find, develop, and engage talent for any organization.
  •  MBA in Consulting
    Management consulting is one of the most desirable skills in the business world. A specialized MBA in Consulting empowers students to enter a lucrative industry helping clients manage their companies profitably.
  • MBA in Entrepreneurship
    If you have the insight to turn an idea into a viable business, you’ll be a highly sought after candidate. If you choose to specialize in entrepreneurship, expect to learn how to develop the knowledge and skills to launch a successful business.
  • MBA in Finance
    A classic choice for business students who prefer to focus on finance. A specialized MBA in Finance curriculum will be all about studying statistics, analytics, accounting, and more. Many high-level bankers, financial controllers, CFOs, and finance managers specialized in finance.
  • MBA in Operations Management
    Operations Management isn’t just people management; it’s about ensuring day-to-day operations of a business are strategically executed. If you’re interested in supply chain management or logistics, consider an MBA in Operations Management.
  • MBA in Management Information Systems
    An MBA in Management Information Systems (MIS) is a degree featuring a blend of information systems and computer science degrees with a major emphasis on business. MIS is one of the essential parts of the professional aspect of the present times.
  • MBA in Global Management
    If you wish to join a new generation of strategic business leaders, and sustainably grow organizations that competitively operate in a global context, choose an MBA in Global Management. In the world of work, you’ll graduate as a career-ready individual with real employer appeal.
  • MBA in Engineering Management
    This specialization aims to develop your managerial skills and gain expertise in engineering management needed to take on senior roles. You will also widen your critical thinking and the management skills necessary to function effectively in a management role.
  • MBA in Technology Management
    The MBA in Technology Management course is designed to meet the needs of individuals through the combination of management education with the specialism in the area of Technology Management.

DID YOU KNOW?

Indira Institute of Management, Pune  and Indira School of Business Studies Pune, both offer MBA specializations in Marketing Management, Financial Management, Human Resource Management, Operations & Supply Chain Management, and Business Analytics.

Why do students choose to do a PGDM course?

While an MBA degree opens many doors regarding your employment or any business endeavors you wish to pursue, a Post Graduate Diploma in Management (PGDM) course is also considered equivalent to an MBA. PGDM courses are considered having equal value when it comes to career enhancement.

So, why is it that students choose to do a PGDM course in India? Let’s find out.

  • Advanced curriculum- PGDM has its curriculum designed by industry experts which trains students on real-life problems. Students gain a deep understanding of the fundamental concepts and business intricacies.
  1. Develop value-based leadership quality- A PGDM course asserts a strong learning environment that enhances academic achievement and develops students’ social and relationship skills. The course successfully inculcates the ability of value-based leadership quality. 
  2. Understand the intricate aspects of a business- The PGDM program will imbibe the ability to understand, analyze, and communicate global, economic, legal, and ethical aspects of the business.
  3. Autonomous college benefit- An autonomous institution produces graduates to meet corporate requirements. Autonomous colleges like ISBS have a student-friendly environment and offer better quality assignments and healthy student-faculty relations.
  4. Diverse faculty- PGDM courses in India require experienced faculty who have multi-disciplinary experience in both sectors – Academia and Industry. This combination of mentor-mentee relationships ensures that each student is trained to think like a leader from the start.

READ MORE:7 Reasons why PGDM courses should be considered as a career option?

While the most popular PGDM specializations in India are finance, marketing, HRM, and accounting, there are several other concentrations you can choose from. How do you choose one? Consider your passions and your strengths. Which of the below-listed PGDM concentrations gets you excited? Make a list of your strengths and career goals and think of the future, look at which fields of business are not only in demand now, but are expected to grow in 2021 and beyond.

Let’s get to know each of the PGDM specializations:

  •  PGDM in Business Analytics & Big Data

READ MORE: A Update on PGDM Business Analytics Course as a Way of Learning

  • PGDM in Logistics Management
    A PGDM in Logistics Management is designed for those considering expanding their knowledge and securing a career in the logistics, supply chain, and transport field. The course focuses on the integration of data analytics techniques relating to this business field.
  • PGDM in International Business
    The ever-growing influence of globalization affects every aspect of a business. Businesses have to be sensitive to how cultural differences affect their global marketing plans. A PGDM in International Business gives you a well-rounded overview of international business practices.
  • PGDM in Enterprise Management
    A PGDM in Enterprise Management is an innovative course that gives you a broad knowledge of IT disciplines and a solid foundation in business practices. Through this course, you’ll learn about business intelligence and the day-to-day operation of information systems. 
  • PGDM in Marketing Management
    Maybe you’re intrigued by the entertainment world, media and advertising, or brand management, or perhaps marketing research where you’d like to hone your expertise. Business does not exist without marketing. Here’s your opportunity to become skilled at both with PGDM in Marketing Management.
  • PGDM in Human Resource Management (HRM)
    If you see yourself as a peoples person, HR might be the right PGDM specialization for you. PGDM in Human Resources Management (HRM) typically means the hiring of employees and training or managing them according to the company’s standards.
  •  PGDM in Financial Management
    A PGDM in Financial Management is another popular choice for aspiring students. You will learn both theory and analysis of finances, as well as get into deeper topics such as investments, portfolio management, fundraising, borrowing, and global financial management.

    READ MORE: Digital Transformation In Finance

  • PGDM in Rural & Agri-Business
    With a PGDM in Rural & Agri-Business specialization, you’ll be trained to efficiently manage the processes leading to better productivity in the agriculture and horticulture sector. Other related areas in agribusiness include agroforestry, food processing, and sericulture. 
  • PGDM in Pharma & Health Care Management (PHCM)
    The PGDM in Pharma & Health Care Management (PHCM) is designed for experienced professionals working in the pharmaceutical industry or related sectors. You’ll equip yourself with management skills and theory with a special focus on pharma. This course brings together academic knowledge and practice in a unique way.
  • PGDM in Tourism & Hospitality Management (THM)
    Are you keen to learn about management and innovation in the global world of hospitality? Take your next steps in your career in business leadership with a PGDM in Tourism & Hospitality Management (THM). Develop a specialism in hospitality management and qualify for senior roles with significant career growth. 
  • PGDM in Entrepreneurship
    Entrepreneurship courses are created for those who want to start or run a business. A PGDM in Entrepreneurship prepares you for a career in building a business or enterprise, or to work in startups. Many PGDM in Entrepreneurship courses in India will allow you to select a specific industry as a focus.
  • PGDM in E-Commerce
    The world is now digital and the Internet has revolutionized many industries, but especially business. A PGDM in E-commerce helps businesses grow their online presence to the next level. With this course, you’ll implement and evaluate e-business initiatives in all the functional areas of an organization.
  • PGDM in Supply Chain Management
    This specialized PGDM in Supply Chain Management course is beneficial for candidates who are decision-makers of their organization’s strategic objectives. This pathway aims to develop an in-depth understanding of how supply chain processes and functions are interrelated with business strategy.
  • PGDM in Communications Management
    The skills required for communication have been redefined by changes in social and digital media. The PGDM in Communication Management provides you with the skill-set to stay ahead of current trends and apply the latest technologies and communication strategies. By choosing to do this course, you’ll drive a company forward with a solid communication strategy.
  •  PGDM in Artificial Intelligence
    Artificial Intelligence is applied to jobs that are traditionally done by humans. This PGDM specialization in Artificial Intelligence (AI) is designed to equip you with the skills and knowledge needed to manage the artificial intelligence-driven world. In particular, this PGDM will be of interest where artificial intelligence is used across business applications.

DID YOU KNOW? 

Indira Institute of Management, Pune and Indira School of Business Studies, offers PGDM specializations in Marketing, Finance, and Human Resource Management, Business Analytics, and Operations & Supply Chain.

How to choose an MBA or a PGDM specialization?

Now that you know that there is an umpteen number of specializations offered along with MBA & PGDM courses in India, you’ll need to do your research to discover which type of MBA or PGDM course suits your needs.

Which MBA or PGDM is right for you depends on factors including your interests, your ambitions, your circumstances, and how much experience you have when you apply. So, let’s find out how to choose an MBA or PGDM specialization that works for you!

  • Accreditation
    When you look for MBA or PGDM courses, you’ll often see that the programs and business schools are accredited by the main awarding bodies. The PGDM course at Indira School of Business Studies (ISBS) is AICTE approved and the MBA course is NBA accredited, affiliated to Savitribai Phule Pune University (SPPU) and AICTE approved.
  • Career goals
    After considering the MBA & PGDM specialisms offered at B-schools, ask to meet with the Institute program consultant who’ll explain the specialization that interests you. This may help you in your decision to choose a certain field or university. At ISBS, Pune, our advisor will be able to offer some insight on your options based on your strengths and weaknesses.
  • Personal interests
    If you shied away from math but loved marketing, you might want to consider a PGDM or MBA in Marketing program over Finance. It is wise to look at your grades to determine which fields stimulate you intellectually.  If you are considering an MBA or PGDM course in Pune, discover your benefit, and select a specialization that interests you which would be useful towards achieving your goals.
  • B-School ranking
    Make sure that the B-School is well ranked for that specialization. Different specializations will have different rankings, so do the research as your future employers will certainly do theirs. ISBS, Pune is ranked 28th among the “Best B – Schools in India” by Business India Magazine! Also, ISBS features in the Top 100 Management Institutions In India as per the National Institute of Ranking Framework (2019).

READ MORE: Selecting The Right B-School For MBA Program

READ MORE: How to select the best PGDM Institute?

So, when it comes to choosing a PGDM or an MBA specialization in India, you must determine both your professional and personal development for the years to follow. It is also equally important to discover or learn the skills that companies now require. 

What traits should job seekers cultivate to get hired? Here are the top skills and abilities recruiters will be looking for in potential hires in 2021.

Top 5 skills recruiters will consider in the year 2021

Here’s how you can make 2021 better than 2020 by improving the job skills employers are looking for.

  • Continuous learning
    The days of getting a desk job are over. If you want to get ahead you must keep learning. Be it soft skills or hard skills, keeping up with continuous learning, you’re boosting your chances of improving your career trajectory. 
  • Growth Mindset
    The second most top skills recruiters will continue to look for in 2021 is a growth mindset approach. A hiring manager will be more likely to hire someone who wants to learn and is curious to do more.
  • Emotional Intelligence
    By acknowledging your emotions to show empathy to your co-workers and clients, emotional intelligence will help you be a “people person”. 
  • AdaptabilityThings are changing at a rapid speed, isn’t it? As technology evolves, we find new ways to use it. That means you need to be adaptable to new technology, new philosophies, and new collaborations to succeed in 2021.
  • Thriving in an ambiguous environmentA talent who can thrive in a virtual environment will be critical in 2021. It can include; leveraging a skill set, collaborating across teams, amplifying tech tools, responsiveness, and being in alignment with business priorities, and more.

Have you chosen to do an MBA or a PGDM program in India? Are you ready to advance your career with the best PGDM and MBA colleges in Pune?

Refocus your career in the year 2021 with Pune’s Top MBA & PGDM Colleges, Indira Institute of Management and Indira School of Business Studies, Pune

An MBA or PGDM can give you time to refocus your career and reignite your passion for business. If you’re beginning to feel stuck in your current role, an MBA or PGDM course is a great way to explore new horizons. 

Indira Institute of Management (IIMP) and Indira School of Business Studies (ISBS), both are the finest PGDM & MBA Institutes in Pune. Like any other educational experience, we take an extra step in creating an interactive learning atmosphere. Some of that learning does involve a global study tour to UAE or Singapore wherein you get hands-on experience and insight from industry leaders. Our tie-ups with global academics and industry experts facilitate you in developing key skills such as decision making, negotiation skills, design, and creative thinking, and innovation management.

We’re an award-winning business school brand in Pune and are committed to providing our students with the best possible experience. We continue to invest in both our facilities and our innovative approach to education.

Want to find out more about studying for an MBA or PGDM at ISBS? Contact us today.

 

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