Off-beat MBA Programs in India

Date :04 Apr, 2018

Posted By:Team - Jitin Chawla's


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Most applicants of MBA programs still plan to pursue fairly traditional MBA degrees such as Finance, Sales, Marketing, Human Resources, Operation, International Trade. However, there are a number of ‘non-traditional’ careers in MBA that applicants should consider now, primarily to increase the scope of their career prospects and to stand out amongst the conventional MBA holders.They are:

Business Analytics

Business Analytics is a process of inspecting, cleaning, transforming, and modelling data with the goal of discovering useful information, suggesting conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, in different business, science, and social science domains.

Business Analytics is a relatively new field for all sorts of degrees. To pursue an MBA in Business Analytics, you can opt for the following academic institutions:

·         Three Institutes Combined Program: Indian Statistical Institute, Kolkata + IIT, Kharagpur + IIM, Kolkata

·         NarseeMonjeeInstitute of Management Studies, Mumbai

·         St. Xavier’s College, Mumbai

·         Institute of Insurance & Risk Management, Hyderabad

·         Great Lakes Institute of Management, Gurgaon

·          Indian Institute of Information Technology & Management, Kerala

·         Fore School of Management, Delhi

·         Shiv Nadar University, Greater Noida

Entrepreneurship/Family Business

Today an off-beat career choice such as Entrepreneurship has been gaining huge popularity due to cut-throat competition and lack of opportunities in the formal sectors. Dozens of youth with a dream to do something on their own are leaving their secure jobs to pursue their dream business venture.With the boom in Indian economy, the environment is just right to provide good scope for entrepreneurship.

You can pursue an MBA in Entrepreneurship from the following universities in India:

·         Entrepreneurship Development Institute, Ahmedabad

·         Indian School of Business, Hyderabad

·         SP Jain Institute of Management and Research, Mumbai

·         NarseeMonjeeInstitute of Management Studies, Mumbai

·         NIRMA University, Gujarat

Finance-Related Fields

Venture Capital Management: Venture capital investments generally are high – risk, but offer the potential of very high returns. A highly competitive, challenging, and highly rewarding  field, a career as a Venture Capitalist ( VC) requires a background in business, finance and economics.

Private Equity: The role of private equity is to raise funds from large investors and invest the money directly into businesses. The usual manner is to raise money from overseas investors and then find businesses in the growth stage.  

Wealth Management: Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. High net worth individuals, small business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resource, tax professionals and investment management.

Treasury Management: Management of cash, fund, currency, bank and financial risk. The finance manager makes the list of all receivable amount which will increase treasure house of company. He also tracks the dates in which he has to receive the fund from debtors.

Corporate Banking: This role entails the entire plethora of banking services required by a corporate. A corporate banker would thus have large corporates as well as medium and small enterprises as his clients.  

NGO Management: The function of operational NGOs is to organize resources in the form of financial donations, materials or volunteer labor in order to maintain their projects and programs. Fund-raising is a part of major activity but it is done on a smaller scale and it can serve the representative function of increasing the donors' recognition with the cause.

Generally, to become a part of the Finance Sector, aspirants aim for pursuing MBA in Finance, however, there are wider MBA options available in the Finance sector now-a-days. They are:

·         National Institute of Financial Management, Faridabad

·         Indian Institute of Finance, Uttar Pradesh

·         Institute of Insurance and Risk Management, Hyderabad

·         National Institute of Securities Market (SEBI), Maharashtra

·         National Institute of Bank Management, Pune

·         International Management Institute, Delhi

·         NarseeMonjeeInstitute of Management Studies, Mumbai

·         Christ University, Bangalore

·         University of Delhi ( Department of Financial Studies), Delhi

 Agribusiness 

Agribusiness the business of Agriculture production. It includes agrichemicals, breeding, crop production (farming & contract farming), distribution, farm machinery, processing, and seed supply as well as marketing and retailing sales.

This is a relatively new field that has emerged from India’s dependence on agriculture as a primary source of income. To expand your agricultural business, you can pursue an MBA in Agribusiness from:

·         IIM, Ahmedabad

·         National Institute of Food Technology Entrepreneurship and Management, Sonipat

 

Tourism Management

 Tourism Management is one of the fastest growing industries and it offers an exciting future. It is one of the most profitable industries and has created more than 20 million jobs in India.

Tourism management deals with the planning and management of travel and tourism.  There are many parts to tourism industry like, accommodation, transportation, food and beverage, attractions, events and conferences, adventure tourism, travel trade, and tourism services.

Instead of going for a Master’s or a PG Diploma in Tourism Management, you can opt for an MBA in Tourism Management as it has wider career prospects and viability. You can pursue an MBA in Tourism Management from the following institutes:

·         Indian Institute of Tourism and Travel Management, Noida/Gwalior/Bhubaneshwar

·         Christ University, Bangalore

·         Welingkar Institute of Management Development and Research, Delhi

Advertising Management

Advertising Management is the process of overseeing campaigns that seek to inform and attract consumers regarding a particular good or service.

If you want to be a Media Planner or an Advertising Manager, pursuing an MBA in Advertising Management is your best bet. However, only 1 institute in India, that is, Mudra Institute of Communication, Ahmedabad, provides an MBA in this field.

 Rural Management 

Rural Management is the study of planning, organising, directing, and controlling of co-operatives, agribusiness and allied fields. It merges the knowledge of management studies in the rural context. 

Rural Management includes the study of managing the rural resources effectively. It includes planning and executing rural development programmes that profits the rural livelihood.

To pursue an MBA in Rural Management, you can go for the following academic institutes:

·         Indian Institute  of Rural Management , Gujrat

·         Xavier’s Institute of Management, Bhubaneshwar

·         National Institute of Rural Development &Panchayati Raj, Hyderabad

·         Development Management Institute, Patna

Fashion Management 

Fashion Management educates students in fashion marketing, merchandising and retail. It develops managerial talents for the garment export and the fashion retail sectors. Fashion Management professionals may explore a wide variety of career options, such as merchandising, buying, retail management or E- retailing.

Some institutes that offer MBA in Fashion Management are:

·         National Institute of Fashion Technology, Delhi

·         Institute of Apparel Management, Gurgaon

 

Apart from these fields, you can also pursue MBA in some other fields from the following organizations:

·         Forest Management: Indian Institute of Forest Management, Bhopal

·         Sports Management: Indira Gandhi Institute of Physical Education and Sports Sciences, New Delhi

·         Court Management: NALSAR University of Law, Hyderabad

·         Social Entrepreneurship: TATA Institute of Social Sciences (TISS), Mumbai

·         Infrastructure: TERI University, Delhi

·         Pharma Management: NarseeMonjee Institute of Management Studies, Mumbai