According to an estimate not less than 60% of the individuals plan to study abroad to earn a Master’s degree in courses related to business or commerce . And MBA stands as the most popular choice among these students. MBA offers the students several specializations to choose from, which include accounting, finance, human resources, marketing, supply chain management, logistics and operations, strategy, etc.
Among the wide range of the specializations, finance stands as the most preferred option by the Indian students. Although the field is not so easy and not every person has the flair to make up with the concepts of finance , still it is considered as the most rewarding field.
Besides MBA, a new specialization in e-commerce is gaining momentum amongst a number of Indian students. With the increasing rate of internet usage and e-business space, e-commerce is becoming a popular study field in the business schools. Students who hold strong forecasting skills and risk management, with a core interest in e- sales and e-marketing, can ponder it as a good option for their career.
Information management is another specialization gaining popularity as the course options for commerce students. The information overload has made it imperative for the firms to store, share and protect information in the best manner.
The specialized Master’s degree can also be considered as a popular option amongst the students with no prior work experience; as MBA is a more suitable option for students holding 3 to 7 years of work experience. Students with a graduate degree can opt for a Master’s degree in marketing, finance, human resource management, accounting, or any other field of their interest related to commerce. These degrees usually demand a year and let the students learn everything in context of the subject, turning them competent in that particular field.
Choosing a specialized Master’s course doesn’t mean that MBA is wholly ruled out of the options. Number of students learn these courses, take up a good experience of a few years and then chose to pursue MBA. But you also need to remember that this option could add an extra value to your education overheads.
Canada and US remain the most preferred for students desirous to study earn an MBA degree from abroad . And the students wishing to pursue a specialized Master’s degree, prefer the universities in Europe and UK as they offer number of options in context to such courses.
Off-beat Commerce courses
Commerce includes a wide variety of courses beyond finance.A student holding interest in offbeat commerce course options can go for supply chain management programme or construction industry programme. The duo is on a rising trajectory and offer good job prospects.
The projects related to construction demand proficiency to make a perfect blend of advancing technology and skills to manage the related departments which include machinery, labour, legal laws , environment policies and money. The curriculum of construction management lays a integrated foundation for the professionals and includes a wide variety of topics from labour relations and safety to budgeting, public policy, planning, community and law relations. Moreover,the programme groom students to be capable enough to handle the management challenges concerning the aspects of construction projects, sharpening their business and legal acumen, as well as equipping them with high-end technology , finance and management principles.
The course — Master’s in logistics management and supply chain was introduced especially for those students who are desirous of working in service and manufacturing organizations. The current era is of big scale enterprises, where a number of vendors own a segment in the complex structure of the supply chain, in different locations. This course can equip the students with the right set of training, so that they posses a better understanding of the process. The modules embody warehousing, inventory management, freight forwarding, transport, etc.
Be it any kind of course type you chose for your career, but make sure the choice is compatable with your skills and capabilities.