Finance, Marketing or HR, Which stream is good for MBA?
MBA is a course that is famous all over the country not just because of the value that it holds, but also because of how accessible it is. Students from all streams and backgrounds study for the MBA exam to get a good percentile score and no one knows what is the best step to take once that it done.
Having secured a good start, you will surely want to try and choose the best specialization for you to secure your future. Most often, people are left confused amidst choosing from Finance, HR or Marketing. This is a query that has been asked one too many times. Most aspirants feel that they would not mind pursuing a career in any of these so far as the salary is justified. While this may seem to be the case, in the beginning, there is a good chance that after four or five years, you will feel like you have not chosen the best stream that suits your aptitude. It is very important for you to understand what each of these streams entail, and to subsequently make an informed decision for your present as well as your future.
Choosing to specialize in finance can be very fruitful for you down the road. You will get to explore from a vast field of opportunities like investment management, asset management, corporate treasury etc. Having an aptitude for finance helps when it comes to these paths as they may seem a bit bland or boring to a bystander. It is also very important for you to do your research and be prepared for these opportunities beforehand. So, it is always a good idea to do your own research and know what the job description is like.
HR is a field which can be best categorized as the area that has the ‘human touch’. Instead of dealing with numbers and variables, it deals with people and emotions. Learning to empathize and developing problem solving skills is very important here. Having a background in mediation can also help you a lot. As a part of HR, you will also be playing a vital role in the hiring processes, and this is why a working all-round knowledge can prove to be very beneficial in HR.
Are you innovative and like to contribute to new product ideas or projects? Marketing is a field where you have to be able to think on your toes at all times. With enough experience, you can be a project manager or an integral part of the sales team as well. Unlike what it used to be about three decades ago, marketing today is a whole new field. Instead of doing door to door salesman work, you and your team come up with ideas to promote your products on all fronts and formulate impacting campaigns for the same.
As an MBA aspirant, it is extremely important for you to understand what each of these fields bring. This will help you structure your priorities well so that you jump into the right pool where you can effectively swim.