Choosing Electives for MBA

 | May 27,2013 06:33 pm IST

This is the second most important question that any MBA (or PGDM, PGDBM, PGPM, etc..

. etc.) aspirant would need to have an answer to before starting this eventful journey. Believe me, Destination of this journey would completely depend upon this single very important answer. (Forgive me for not touching upon the first most important question which is - Which B-school to opt for? The same has been discussed innumerable times on various forums.)

 

The reason I thought I should touch upon this topic is because I myself had this dilemma about choosing the stream of specialization when I started out, and today, when I look back at the kind of raw, half-cooked information I had used to decide my stream, I really pity and feel sorry for myself. There was so much of misconception about the various streams. May be I had not done much of research or didn't have the right kind of network to give me a clear-cut idea, but when I landed at S. P. Jain, I found quite a few others were in the same bandwagon.

 

So this is for all those aspirants who have decided to do MBA but need some more information to decide upon their stream. 

1. Streams have got nothing to do with under-graduation background. Never decide your stream based upon your educational background. One big misconception people have is MBA in Finance suits those with Commerce background. It is not so. Yes, if one has commerce background, it helps in some concepts. But largely, people with Engineering background do equally well if not better.

 

In fact, most I-banks or consultancy companies prefer people with MBA (Finance) and Engineering background. The reason is that engineering subjects stress more upon logical and analytical thinking and practical approach to solve problems. Also, most of the class toppers in Finance stream (not just my institute but as per my contacts in IIM-Ahmedabad and IIM-Lucknow) have been engineers. Now it is a separate matter altogether that the proportion of engineers as compared to non-engineers in any batch at a B-school is more.

2. Marketing Management is not about boardroom marketing strategy planning. Yes, please get real. The career for a Marketing Management graduate starts with Sales. Hardcore Sales. And if FMCG sales looks too glamorous from outside, lets get some basics right. FMCG sales realistically would mean going to smallest towns in India in scorching heat, or flooding rains, or shivering cold in old, about-to-breakdown buses or overloaded jeeps, and selling products from shop to shop.

 

If you think I am exaggerating facts, let me share my experience. I was posted in Bikaner and Sri Ganganagar districts in the month of June. At 48 degree C, I had to travel in a small jeep with 22 people in it with killer hot winds blowing. And sell candies in the smallest of town which I never thought even existed!! And I am not the only one. There are thousands of such examples.

 

Yes, you do get rewarded for the efforts you put in your initial years. And you do get to make strategies, but that comes much later. You have to spend no less than 3-4 years in sales before being considered for marketing role. But if sales is not your cup of tea, think twice before opting for marketing.

3. Doing Information Management is not a pre-requisite to get into an IT company. Just like IT companies do not only recruit Computer Engineers but also Mechanical and Civil Engineers (I was a mechanical engineer but was offered job by a software company), the same applies to MBAs also. IT companies do give preference to IM graduates but they are open to other streams too. So, even if you choose Marketing Management or Operations Management, you have not missed out on IT companies.

4. IT companies pay well but only to people with relevant work experience. People who are freshers are paid much, much less.

 

I hope this will help the aspirants get some of their basics right and make a more meaningful decision about their area of specialization. Finer details can later be worked out as and when they proceed with their MBA.

Concluded.

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Comments


bhargavi on 07/31/10 at 08:38 pm

thanks for the information..really helpful,,i too was thinking that only commerce ppl wil go with finance,,,
could u please tell me about HRM ..is it worth taking?do i have good future??currently which is the most prominent specialisation?


ravi on 08/10/10 at 09:27 am

hi sir
my name is ravi i am persuing my mba from jntu university
in the second year i am in dielemma and lot of confusion to take which specialization. my back ground is BSc(MSCs)
maths and statistics. i am very excellent at maths.so please give me suggession to me which the specialization is best to me and also what is the suitable jobs according to that specialization in the present environment.


jagadeeswar on 08/15/10 at 01:47 pm

sir,i have completed my bsc(bt.mb.c),now iam doing mba under jntu,my college offering specialization only mktg ,fm,hr.,i am in dialoma to choose specialization, friends r saying to choose fm,but iam intresting mktg,so plz.. give suggestion kindly,,,


devang on 08/15/10 at 03:15 pm

if you like marketing then choose marketing not finance


Guest on 08/31/10 at 07:35 pm

hello,this is gowtham kumar can u tell a good specialisation in M B A. But i want to take international business&information system in M B A with out attenig any type of enternance exam.


aakash mathur on 09/06/10 at 01:51 pm

hello sir,
this is aakash mathur.i too did engineering in mechanical branch, now m going to uk in january for mba.m not shure abt wat stream to choose,but after reading ur comments i think finance shud b d rt option.
i request u to plz give us some more insight in d finance stream.like how is it different frm marketing and also how consultancy companies picks up guys based on their streams etc.
waiting fr ur reply!
regards.


admin on 09/06/10 at 05:34 pm

HI Aakash

You can go through details of all career options in MBA stream at this link

http://www.coolavenues.com/mba-jobs-career/research-careers

it has detailed write up on various career options.


anshul on 10/03/10 at 09:16 pm

hello sir,
i m persuing bachlor of engineering and it's my final year and i wanna knw is that worth to do mba in any IT field?
actually m persuing engineering in IT branch and i don't want to change my field.


suchitra on 10/05/10 at 02:43 pm

i m doing my engg in IT nw i want to do MBA.bt i heard dat dey is less opening for MBA IT??is dis true????


admin on 10/05/10 at 03:55 pm

There has been some slack in the demand but that does not mean that its end of the road. Just focus on doing MBA from a good college.


Guest on 10/28/10 at 08:34 pm

sir i would like 2 know..which streams in mba have a better scope... which can get me a good salary....


admin on 10/28/10 at 08:54 pm

all streams are good and top guys in all streams make good money. if you are IIT and IIM topper type, you might do very well in finance though


dennis babu on 01/05/11 at 12:42 pm

hello sir. im dennis from noida..
i'm doing my bachelor degree in management, 3rd year i have to opt a specialized .. now im going through 2nd year
i'm in a dilemma that what to opt.. many confusions are there..
please help me out..
which to specialize.
(my accounts sector is not so good so in FINANCE im finding difficult, in IT i have interest IT, but a small confusion that been BBA student wil i able to do wel in IT ??????? , abut MARKETTIN i'm finding quite difficult.. )
help me out....


Sumit on 03/09/11 at 06:08 pm

I am doing B.Tech-MBA CSE.It's my last semester of B.tech, now i have to choose specialization of MBA.I want a field related to IT and want office work.So, as a CSE engineer which MBA should I approach to .I don't want to peruse for HR,IT,Retail.Please guide me.Basically i am interested in Networking but due to some circumstances i have to choose MBA.Can you suggest any field in MBA related to it.


Ashok Bhat on 03/11/11 at 09:55 am

hi i m a mba graduate oly dude with UG Btech IT.... my sugession is u opt for operations management which is best suited one as to ur liking


Guest on 04/05/11 at 05:56 pm

hi there
thanks for providing this info.. i have a query ... i am a doc and planning to pursue mba .. what are the scope of mbbs mba hr from a good college and what are the industries apart from pharma, hosp etc that i can get into ?


Guest on 06/07/11 at 02:01 pm

HI FRIENDS ! I M RENUKA FRM MUMBAI I COMPLETED GRADUATION IN COMMERCE HAVE DONE DIPLOMA IN COMPUTER OPERATIONS & APPLICATIONS & INDUSTRIAL COMPUTER ACCOUNTS{ICA} & HAVE EXPERIENCE 1 YR IN OCTROI CO. IN BANKING/ACCOUNTS DEPT. 2YRS IN CO-OP. BANK. NOW I M SEARCHING FOR GOOD JOB N PURSUING MBA-DISTANCE LEARNING FROM WELINGKAR INSTITUTE. I DON'T KNOW WHICH SPECIALIZATION WILL GIVE ME FAME N MONEY N INNER SATISFACTION.... AS I NEED JOB ON URGENT BASIS... PLZ FRDS HELP ME.... MY E-MAIL ID IS renuka.livelife@gmail.com


VIKAS GANGWAR on 06/29/11 at 08:04 am

Dear Sir,]

My name is VIkas gangwar and I am an Engineer in a Cement Industry (project) in Nepal.
I did Btech in ELectronics and Instrumentation COntrol, and now I want to do the MBA through distance education. Please give me suggestion that which MBA stream is better for me and which institution (having the AICTE approved courses). Also, I want to change the job due to delay in project of this industry, so help me to provide the job in India.


VIKAS GANGWAR on 06/29/11 at 08:15 am

DEAR SIR,
I AM VIKAS GANGWAR AND I AM AN ENGINEER IN A CEMENT PLANT (PROJECT) IN NEPAL.
I HAVE DONE MY BTECH IN INSTRUMENTATION ENGINEERING AND NOW I WANT TO DO THE MBA THROUGH DISTANCE EDUCATION. SO I WANT TO KNOW THAT WHICH MBA STREAM IS BETTER FOR ME. I ALSO WANT TO CHANGE MY JOB DUE TO THE DELAY IN PROJECT, BECAUSE THIS DELAY CAUSE MANY EFFECTS ON MY CAREER. IF ANY OPPERTUNITIES YOU HAVE PLEASE PROVIDE ME THE INFORMATION OF THAT. MY MAIL ID IS- vickygangwar@gmail.com


jp on 08/23/11 at 12:18 pm

hi i have completed by B.Tech and working in IT field for 2 yrs. I would like to do MBA. I wanted to know is there any opportunities for those who worked for 2 yrs in IT and did MBA in distance to get management position with nice package? I want to enter in to management. kindly help.


Ritu on 08/23/11 at 02:51 pm

Hi jp
There are a number of people who do distance MBA while working...but honestly it offers no return on investment, i.e. it will not benefit your career. So its better if you can afford to do a full time mba from a gud b-school


Dr owolabi israel on 10/01/11 at 02:31 pm

Im a medical doctor, a nigerian, pls i would like to take an MBA course precisely project management. I need ur advice on which school i can do that in India and d cost. Mind u im not interested in healthcare mgmt. Tnx


Apurva Ghosh on 02/11/12 at 12:32 am

Sir,
I m an engineering Graduate .After engg i was working in a job consultancy as an IT Recruiter for 1.5 yrs so i have an experience of being into HR. Now i m doing my MBA till this day i was sure of taking HR as my specialisation but now after successfully doing my first sem i want to take finance as my specialisation as i like this subject and want to know more.But i m into this dilema of opting this or not if it will be good for me while placements?will it be a concern of shifting careers not being stable in one line??will it be an obstacle in my placements??Please revert back soon...awaiting your reply..