As there are innumerable B-schools and institutes which offer both traditional and online MBA programmes, you can easily learn to improve your business acumen and establish yourself as an effective leader in your company.
But does it make sense to invest so much time and money into a Full Time MBA Programme?
For some it does, but for most of us going for a full time traditional programme might not be the best option. If you ask me, fast track MBA programs are more beneficial considering the high tuition fees and lost wages related to a full time programme. These fast track programmes provide you the perfect learning environment where you can learn and network efficiently. You will also have the opportunity to acquire essential managerial and leadership skills that will enable you to reach new levels of success. However it is also important that you choose the right MBA specialisations which will allow you to concentrate on the key areas.
Here I have listed the 5 most popular and rewarding MBA specialisations that will enable you to stand out of the crowd and land the top positions at leading companies-
Finance is perhaps the most important area in the constantly evolving field of business. Every organisation needs highly intelligent and well trained professionals who can effectively deal with accounting, budgets, economics and corporate-level investments and lead the business towards success. Going for a fast track MBA with Finance specialisation can be great for you if you are passionate about numbers. You will learn to effectively manage the finances of any business through any economic scenario.
Economics is one of the main pillars of the business world. If you can develop the skills to devise complex strategies that put your company on the path of success even during hardships, then you will become an asset for your organisation. A fast track MBA with specialisation in Business Economics will help you to learn which economic variables influence business and how you can use these to your advantage.
Marketing is considered as the lifeline of any successful business. Pursuing a fast track MBA with Marketing speciality can make you valuable for both big and small companies. You will learn about marketing, selling, sales promotion, research, branding strategies, consumer behaviour and many more which will enable you to grow a brand’s reputation and the client base.
Human Resources Management
The success of a business largely depends on the employees of the company and this is why human resources managers specialise in maintaining smooth interactions with employee and staff. Fast track MBA programs that focus on Human Resources Management help you to develop a sound knowledge base regarding recruitment strategies, legal requirements, talent acquisition, employee relations and benefits compensation.
With continuous advancement in technology, the business world has changed drastically over the past few years. Information Technology or IT has become a crucial part of every thriving business. If you have keen business acumen and have a flair for IT, then an MBA with specialisation in Information Systems will be perfect for you. You will get to learn about systems development, information processing, critical business software, database management etc. This will enable you to develop IT strategies for keeping classified information safe and streamlining processes.
Apart from the ones that I have mentioned above, you can also think about pursuing fast track MBA in Environmental Management, Supply Chain Management, Global Management, Health Care Administration and Public Administration, as these specialisations will also help you to make your mark in your company and advance your career.
Fast track MBA programmes empower you to become a successful business professional and reach your full potential so that you can take charge of your career’s future.
Do you think these specialisations in fast track MBA can help you and your career? Feel free to share your views, opinions and queries by commenting below.