One way to stand out from the crowd is to become an expert in a field. This is true in business as well. In a B school curriculum, the core concepts of marketing, finance, operations, analytics, HR, and strategy are thought in the first year of the program. While these core modules will give you the foundation of knowledge in the key areas, a specialization – in the second year - will allow you to learn in much more detail and gain expert knowledge. Pursuing a specialization can be one of the most rewarding aspects of an MBA program. Along with your institute name, your specialization will also stay with you throughout your life. Choosing the right specialization can play a significant role in your career. How should you choose the right specialization that can help you achieve your career ambitions?
Build on your professional experience Globally, many of the MBA students will already have spent a few years working before they join the program. Considering this, it will be a great decision to choose a specialization that will expend your existing professional experience. For example, if you have prior work experience in a sales role, it will be a great choice to opt for a specialization in sales and marketing. Aligns well with your interests/aspirations It is important to understand what you want to do in your career. Choosing a specialization in your area of interest should be important because it motivates you, inspires your creativity, and helps you to start a career by doing something you enjoy. Before opting for any specialization, you should deeply analyze the content and the subjects that are covered as part of the specialization. Most of the B schools will be arranging a briefing session for the students by the professors who are offering the courses to help students understand the offering better. Suits your personality Personality traits play a huge role in establishing a candidate’s suitability for a particular career. Some of the organizations have a psychometric test as part of their recruitment process. Every person has his/her characters that accelerate or impedes his/her growth. Understanding your personality can help you to find a specialization that allows you to harness your strengths. Focus on your long-term goals There is nothing like the best specialization in MBA. Blindly following the current market trends will not be a wise move in choosing your specialization as for every ‘up’ there is a ‘down.’ Similarly, choosing your specialization based on the roles offered by the companies on your campus can be a double-edged sword. Even though it can help you in the short-term, you may end up doing a specialization that is not an area of interest. Dual Specialization and General management Most of the B schools allow students to specialize in more than one domain. It provides you the flexibility to choose your future career. It also helps you to build diverse skill sets that span across different domains, and it can help you some of the job roles where it is required. Overall, dual specialization is useful if it aligns well with your career ambitions and your academic orientations. On the downside, in some B schools with upper limits on the number of electives that can be opted, you will end up sacrificing some courses of his interest in completing your specializations. You can also opt for general management in your MBA. This will provide more holistic learning and ensures a broader knowledge base. Also, you will not be gaining any in-depth knowledge in any specific domain. A general MBA will not guide you towards any specific profession, and you must be more precise about your future course of action. Career Growth and Specialization Irrespective of your specialization, you should join an organization where your domain is the primary business driver. Being in these domains in your organization will help you in your career growth.