How To Choose An MBA Concentration
An MBA is a versatile degree that you can use in different builds to administrate and manage business. Based on the type of opportunities you are looking for and your core skills, you can always choose your MBA concentration easily.
Before you proceed to get a degree from the best MBA schools however, let’s have a quick look at the benefits of choosing your concentration.
Advantages of Choosing An MBA Concentration
When you have a desired employment route or profession in mind, you need to get a relevant degree. For example, if you want to work as an Artificial Intelligence specialist, getting a degree in world history doesn’t help much. You need to get a degree in computer science so that it is relevant and you can put your learning to use.
Moreover, when you seek out a job in the field of your education, you show your employers that you are serious and passionate about your profession. At times, employers ask for specific degrees to make sure that a worthy candidate stands out.
Now that you have an idea of the importance of the choosing the correct MBA concentration, let’s check what type of concentrations are available and are popular among students.
Any business needs to be proficient at financial management and analysis. This is why an MBA in finance is one of the core specializations that is always in demand, and relevant. The coursework for finance includes not only financial planning and management, but also investment planning, corporate development and financial consulting.
After getting this degree, you can always choose to be an independent financial consultant, if you want.
With an MBA in marketing, you get to learn about ideas and ways of marketing, in addition to honing your management skills. This is a result driven and research oriented concentration, and as a student, you can delve deeper into branding, advertising, global and digital marketing.
This is another core concentration for an MBA that is always relevant. As an accounting MBA student, you need to prepare balance sheets, audit finances and so on. This is a great option if you are looking to work as an auditing manager, accountant or a financial analyst.
Human Resource Management
As the name suggests, this concentration involves management of staff, or human resources, setting up new policies, making sure that all hiring policies are followed. It also includes mitigating personnel conflicts, upholding company policies, workplace ethics and diversity.
In this concentration, you focus on both the micro and macro level of business. It is all encompassing, when it comes to a specific project. In true essence, if you take this concentration of MBA, you are going to learn how to manage a project without any conflict. Some of the most common modules in this case are market research and quantitative analysis.
Supply Chain Management
This is a concentration where the course focuses on the basics of operations, including logistics and management. This field of MBA concentration is in growing demand because of the growing number of logistic businesses in place.
How To Choose Your MBA Concentration?
Before you choose your concentration, you should weigh your interests and skills along with job opportunities once you complete the course. Although some specializations provide you with a broad field of knowledge, at the end of the day, it narrows your job opportunities.
So, before you choose your MBA specialization, you need to consider a couple of factors. Here are some pointers for you.
Consider Your Core Strengths
Do you know what you are good at? You should always choose a degree or a course which compliments your core skills. For example, if you like Mathematics and hate logistics, you can choose Accounting as your specialization instead of supply chain management.
Your Desired Career
We all have a fixed goal or a specific career path in mind. Remember back when you were a kid and you wanted to become a pilot or a carpenter. That applies even now, so when you are choosing an MBA degree or your MBA school, you should consider that too.
If you want to become a chief business officer, you can try business management as your specialization. Once again, whatever you choose should complete your skills and your desired career goals.
While we all want to do what we love, we need to earn a living through our job. This is why before you complete a course, you need to consider what are the job opportunities associated with it. When you choose a skill or concentration, check if it is still in demand, or if its demand is declining. If it is still in demand, you can go ahead, but if its demand is stagnant or declining, it would be good if you choose other concentrations.
Read the Fine Print
Before you sign up for a course, read all the fine print and the course curriculum. Check out the feedback on the course from its alumni or previous students.
In fact, you should also do your own homework and check out different colleges offering the same course. That way, you will know if the course will help you in your career path or not.
Moreover, you will also know if what is being taught is relevant and coordinated with your objectives.
Choosing your MBA concentration is easy if you know which career you want and what your core skills are. If you choose a field only because it might offer you with a high-paid position, then eventually you may lose interest in it. You might also get burnt out due to work pressure, and due to the lack of fulfillment.
So, take your time, consult with your family or an education counselor and make the right choice. After all, you can reach the top with the correct MBA degree, so choosing wisely will always be in your best interests.