During the COVID-19 pandemic situation, the education industry has been impacted. Classroom teaching has gone for a toss, and online teaching is the new trend. The pandemic has caused the education industry to be innovative. As a result, there has been a change in the MBA courses as well.

Adding to that, the change in business dynamics has raised the demand for specific management specializations. Simultaneously new disciplines have come up to offer holistic education to management students in times of the pandemic. Here, we have shared 12 MBA specializations that are a must study for MBA aspirants in 2021.

MBA has a wide variety of specialization options for young aspirants namely,

Data analytics

Finance

Luxury Management

Sports Management

Operation and Systems

Aviation Management,

Liberal Studies

Sustainable Development

Environmental Management

10 MBA Specializations Which can Lift Your Career in COVID-19

Read on to know more about the popular MBA specializations in India during the pandemic.

1. Data Analytics

If students are fond of numbers, then they can surely go with an MBA in Data Analytics. Data analytics is one of the crucial specializations nowadays.

Every company is seeking a person who can manage the company’s system, data, and algorithms. Data analytics will reduce the company’s risk in the long run.

It is a 2-year program with fees ranging between Rs. 40,000 to Rs 10,00,000 and the average salary is Rs. 4,00,000 to Rs. 20,00,000 per annum.

• MBA Digital Marketing

Digital Marketing is a field that organizes Marketing activities online and through social media. Digital Marketing increases the reach of a company, brand or entity. Hence, this domain has become an important stream to study for aspirants.

It is a 2-year program, with fees ranging between Rs. 2,00,000 to Rs. 10,00,000. The average salary which one can earn is Rs. 4,00,000 to Rs. 25,00,000 per annum.

• Finance

MBA Finance is one of the most popular management specializations for those who want to learn the managerial and financial aspects.

This stream helps to learn the following tasks: making financial decisions, risk control, budgeting decisions, portfolio management, economic forecasts, increasing profitability, etc. Students must have strong knowledge of accounting.

This program is for two years, where the fees range between Rs. 7,00,000 to Rs. 10,00,000. The average salary is Rs. 7,00,000 to Rs. 20,00,000 per annum.

• MBA in Luxury Management

The MBA – Luxury Management course deals in training students in marketing skills, management policies, entrepreneur skills to develop in luxury management.

The course teaches the students innovative ideas and allows them to flourish in the industry uniquely. The course duration is for 1-2 years, and the average salary package ranges between Rs. 10,00,000 to Rs. 36,00,000 per annum.

• Sports Management

An MBA Sports Management is a full-time pg management course in Sports. The course duration is 2 years. The time duration may vary from one institute to another.

The course helps the candidates plan, control, organise, manage, and budget within the sports industry.

The course fee ranges between Rs. 50,000 to Rs. 5,00,000 per annum, and the average salary one can earn is between Rs. 2,00,000 to 9,00,000 per annum.

• Operations Management

MBA in Operations Management is a 2-year postgraduate management course that trains students in Operations Management of an organization. Students who are inspired to become an entrepreneur can choose to study this course.

The course trains the students to implement organizational skills and supervising skills in developing and managing the existing operational process in the organization.

The Operations Management course fee ranges between Rs. 4,00,000 to 17,00,000 Lakhs yearly. The average salary one can earn Rs. 3,00,000 to 12,00,000 LPA.

• MBA in Aviation Business Management

This 2-year program is for students who are fond of aviation and its technology. Students who are pursuing MBA in Aviation Business Management get the opportunity to test their abilities to get used to the aviation industry.

After completing the course, aspirants can get the chance to work with national and international airline companies.

The course fee ranges between Rs. 3,50,000 to Rs. 7,00,000 per year. The average salary that one can draw is Rs. 3,00,000 to Rs. 6,50,000 LPA.

New-Age MBA Courses in India during the COVID-19 Pandemic

Some new MBA specializations are doing the rounds recently. These specializations are tailor made for sustaining business during the current pandemic situation.

1. MBA in Sustainable Development Management

MBA in Sustainable Development Management is a two-year full-time postgraduate course pursued by students to conduct and apply to various business strategies and administration in sustainable development or management.

This program mainly aims to maintain an eco-friendly system keeping in view of the business and corporate affairs. The average annual fee is Rs. 3,00,000 to Rs. 12,00,000. The average salary that one can draw is Rs. 5,00,000 to 17,00,000 LPA.

• Environmental Management

The 2-years program trains the candidates on how to implement the business techniques to tackle the environmental challenge. MBA in Environmental Management gives a chance to aspirants to work with various government and private companies in the environmental sector. The annual fee of the course is Rs. 74,000 to Rs. 1,92,000.

• MBA in Liberal Studies Management

Liberal Studies Management equips the aspirant’s knowledge in various areas like history, philosophy, humanities, literature, and science. This moulds the students into critical and creative thinkers, better communicators, and researchers in the relevant field. The average fee of this 2-years course is Rs. 7,70,000 to Rs. 7,50,000 per annum.

In this pandemic, the education sector has been redefined. Classes have gone online and new courses have been introduced. We are sure that the article has given all the MBA students a clear understanding of which courses they can apply currently.

There is confusion among many students whether to pursue an MBA now in India. Our answer will be, yes! Students studying at top MBA universities in India have achieved salaries between Rs. 5,00,000 to 10,00,000  LPA recently. There were no COVID blues in the placements. So, plan for a management course accordingly and achieve your goals!