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I am getting confused about choosing specialization in MBA. MBA marketing or MBA international business. which is best.
Thanks for writing to Career guide.
MBA Marketing is a conventional course and is best suited if you are interested in pursuing a degree in marketing and are looking for jobs in Marketing sector. With this specialisation, you can almost get any job in Marketing based in India. However as you gain some international experience through job assignments in your career, you may be offered any international marketing roles as well.
MBA International Business is in recent trends and is ideally suited for someone looking for setting up their business at international level. Ideally, if you are willing to be an entrepreneur and are interested in setting up your business in India and outside Indian territory, this subject will be of a great help in understanding the diversity in international market. In addition to that, if you are aspiring for a consulting role or are interested in international job opportunities this should be an ideal option for you.
But beyond this, you should also understand that employers really don't give weightage to your specialisation, whether it is international business or general business management. Even students pursuing general business management are offered international business assignments. So this is only for those set of students who are truly interested in understanding the international markets and their functions. So, in what I have seen, though International business may equip you with knowledge of business at international level it is still fine to carry with a regular general MBA or an MBA with an elective of your choice. So, the choice is yours. Good luck.
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Choosing a specialization in MBA should be based on your skills and your interest.
My colleague has very well explained the difference between marketing and IB. Both specializations have its merits abd dmerits.
After having Marketing as specialization, there is vast opportunities to work in marketing domain as marketing is core part of any business. Core skills required for marketing professionals:Market researchMarket analysis and set marketing targetsDevelop marketing plan/operational planDesigning marketing strategies inline with company's policies, and mission Manage team and execution of the planNetworking and linkages with stakeholders Relationship with customer/ customer careSales managementProduct distribution chainOrder management Communication skillsAbility to work under pressure and achieve targets
IB has limited career opportunities compared to marketing. With IB specialization you will get opportunities in MNC, Indian companies seeking business in other countries, import/export companies.Core skills required for IB professional:
Understand business trade and its laws in respective countriesUnderstand business/ company policiesAbility to deal with Govt representativesNegotiation skills and very good presentation skills Communication skillsDevelop business plan and skills to set up and operate business Manage people from different countriesUnderstanding of supply chain managementProblem-solving and critical thinking abilitiesCultural sensitivity - When conducting business internationally, you must be able to understand cultural norms and practices of people where your company works. You should speak more than one language and should be well versed with other compititors.
I request you to match your skills and interest with the skills required for the specific specialization and then choose the most appropriate specialization for your career.
Hope this information is useful. Feel free to write back if you have queries.
Best Wishes for your career,Apurva kumar Pandya, PhD
Choosing between Marketing and International Business should be based on what would you like to do your whole career.
Marketing requires lot of travelling while International Business is about procedures, laws, processes as well little bit of travelling.
Marketing people warn more than IB people. Marketing is never is dependent on laws, but IB is dependent on laws of countries.
There is no defined best career in the world, because career is for you, you are not for career.
I would suggest:
Counselor at Adaptive Minds
Mrs. Meghna is a Postgraduate in clinical Psychology. She had been a part of several workshops related to Personality Enhancement, Counseling, Child and Adolescent Psychiatry, Therapy, Hypnosis for self Healing etc. She works at Adaptive Mind as freelance counselor and had worked as an executive counselor at Growth Centre, School Counselor at Billabong High International School, Sri Sri Ravi Shankar Vidya mandir. Her areas of expertise include Human Resources Management with Clinical Psychology. Currently working as a Brain mapping analyst
Founder And Director At Canvas Career
Mr. Prathamesh is a Certified Career Consultant by Psytech International (bps) UK and is also a Certified Trainer for Life Skills; he is pursuing Narrative Therapy from Adelaide, Australia. He has been in to career counseling for more than 8 years now he practices MINDFULNESS psychotherapy with students. He possesses vast experience in teaching and career counseling. Currently he is associated with FUEL NGO. He had counseled over laces of students and is a founder director of Canvas Career Consultancy, committed to conduct Psychometric assessments for students and do career counseling by making them aware about new career avenues
Vinay Wardhan - Director at Career Path Solutions
Vinay Wardhan is the Founder Director of Career Path Solutions P Limited, Hyderabad and has trained over 20,000 students in the last 13 years.
The company focusing solely on student employability training. He also specializes in Career Counseling. He is a strong advocate of using Psychometrics to find one's Career goals.
He has more than 25 years of experience in the field of marketing and management. He has been giving training sessions and career counseling classes to students for the last 10 years. He gives personality development and attitude building sessions to students to prepare them for professional life.
Career Advisor / Phd Scholar
A Psychologist with 11+ years of experience in corporate, schools and hospitals. Have coordinated training programs, and developed a new product for leadership development of adolescents, conducted many workshops and lectures for parents, teachers and students during my tenure at the school.
Dealing with clients who have problems concerning adjustment with work, family and helping them lead a better and healthy life is what I strive for. Using therapeutic techniques and assessment tools has helped me so far in making a difference in the life’s of those that I worked with.
The core characteristics that have helped define and guide my career and personal relationships have been focused on flexibility, commitment, openness, challenge, and growth. Managing time and ability of multi-tasking; Excellent communication & convincing skills; Managing Events and good team player; Eye for details and striving for excellence in everything; Being proactive and responsible; Proven ability to learn quickly and become an expert; Skilled at producing quality work with limited resources.
· Assessment and Development Centres
· Behaviour Facilitation
· Content Development
· Psychological therapies like CBT, REBT, Behaviour Therapy, Client Centred Play Therapy, Relaxation Therapy
· Psychological Assessments like personality tests, intelligence tests, projective tests, diagnostic tests, aptitude tests
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