Are you willing to try something different? While most of the students opt for popular MBA PGDM streams such as Marketing, Human Resource, Operations, Finance, etc. which can lead to a lucrative career, many look for something unique. But the competition in these streams is quite high and thus many are opting for not so common MBA/PGDM specializations.
MBA/PGDM is a program that can be pursued by students once their graduation is over. The most important thing is that it does not restrict any candidate with respect to their qualification background, implying that anyone from the streams such as science, humanities, or commerce can pursue the course. Some of the recent specializations, which have made their relevance in the modern world, comprise entrepreneurship, the rural sector, international marketing, etc. For those who want their hands on something exclusive.
List of some of the underrated PGDM specializations:
MBA in Family Business Management
The family business is one of the oldest forms of business and it represents a major chunk of all businesses running across the globe. In India, some of the major business houses are family businesses that are run for decades by family members. To take those businesses to new heights, MBA in Family Business Management is launched. In a rapidly, growing economy or competitive atmosphere, it has become quite imperative to acquire the latest managerial skills to survive. This course imparts knowledge and skill sets in handling different market challenges and creating different opportunities, which are unique to the family business.
MBA in Supply Chain Management
With the increase in E-commerce, the challenges and opportunities for supply chain management have increased considerably. Online ordering has brought the lethargic processes in the supply chain to the front so that the same can be replaced with better techniques and unique processes. Thus, those who want to climb the corporate ladder can opt for this specialization.
MBA in Health Management
MBA in health management is another specialization that is quite underrated. This specialization is designed to impart healthcare professionals with managerial skills and knowledge to build their expertise in the healthcare sector. Be it healthcare management, health services, global healthcare management, or health service administration, going for MBA in health management can in grow.
MBA in Business Analytics
Data-driven analytics specialization is another specialization that is not getting much hype but it’s the need of the hour. This course has a lot of importance due to the prominence of data in organizations these days. The need to gain insights from the data years has made the organizations look for those who are specialized in this area. As a matter of fact, there are few colleges that offer this specialization.
MBA in Power and Energy
MBA in Power and Energy is a specialized program that is aimed towards preparing professionals to handle functional and managerial aspects of Power, OIL and Gas, Renewable Energy, etc. in a specialized way so as to minimize all the risks and of course, maximize the profits. As the world is moving towards social energy, there is a huge growth potential in MBA in Power and Energy.
In a nutshell
MBA specialization imparts knowledge and skill sets in different areas. Opting for specialization in the PGDM courses depends on the interest of the student as well as the scope of growth, research, and development in that area. These days you can come across a wide range of specializations. Hence, one needs to have a fair knowledge of all the areas irrespective of the specialization one opts for. It is advised to go through what all a specialized area covers before opting for the same.