Introduction
Stuck between choosing an MBA specialisation? Are you considering a degree in HR or Marketing? You are at the right place. Both have distinct career options and offer a unique set of skills, but choosing between them depends on your interests, skills and long-term career goals. Apart from selecting the right specialisation, the college also plays a crucial role. Choose the best MBA college in Jaipur for surety of placements and personality development.
This blog compares both specialisations in detail and can help you make an informed decision. Read further to know more.
MBA in HR: What you can expect
An MBA in HR is the most popular MBA specialisation that focuses on developing the skills necessary to manage an organisation and its people. If you are someone who enjoys communicating and working with people, understanding and resolving their conflicts and also building good teams, an MBA specialising in human resources may be the right option for you.
Core Subjects
Below are some of the core subjects that you’ll focus on in an HR program. These subjects equip you with knowledge of managing Organisational culture, employee relations, etc.
- Organisational behaviour
- Performance management
- Strategic HR management
- Recruitment and training
- Industrial relations
Job Roles
An MBA HR career opens up various job roles in HR departments of companies across various industries. Some of the prominent roles include,
- HR Manager or director
- Employee relations manager
- Training and development manager
- Compensation and benefits manager
Salary Expectations
As a fresher in this field, the salary can range between INR 4 Lakhs – 6 Lakhs per annum which depends upon the industry and the company you have chosen. However, with experience, salary increases significantly and you can expect a salary of around 10-15 lakhs per annum.
MBA in Marketing: A full guide
There are plenty of career opportunities in marketing. For individuals passionate about managing brands, market research, consumer behaviour and developing impactful business strategies, an MBA in marketing can be the right choice for you. Marketing includes dynamic career opportunities in the fast-paced world and offers lucrative career options. Marketing has become one of the best MBA specialisations as every company, be it a small business or a big IT company needs marketing.
Core Subjects
An MBA marketing program includes a variety of subjects that prepare you for managing a brand, conducting market research and creating strategies for business growth. Below are the core subjects that you will learn throughout your course.
- Consumer behaviour
- Digital Marketing
- Product and brand management
- Marketing research
- Strategic management
Job Roles
Marketing opens doors to a wide range of job roles across various different industries as every business needs marketing to promote their product. Some of the key positions in marketing include,
- Digital marketing manager
- Sales manager
- Marketing analyst
- Marketing Manager
- Brand manager
Salary Expectations
Freshers in the field of marketing can earn an average salary of about 6-7 lakhs per annum. Apart from the traditional corporate, marketing professionals can opt for freelancing opportunities through which they can earn 2x more. People nowadays also opt for remote jobs and travel side by side.
Which MBA Specialization is best for you?
There is no such thing as the best MBA specialisation, rather choose as per your interest and the one which you connect with the most. Selecting either HR or marketing ultimately depends upon your career objectives and goals. Someone passionate about building brands and creating market strategies can consider a scope in marketing, on the other hand, If you’re drawn to working with people, solving organizational problems, and building effective teams, then MBA HR career options might be the right fit for you
FAQs about MBA (frequently asked questions)
Can a science background student without any business & finance experience pursue an MBA?
Yes, anyone with a bachelor’s degree with a minimum 45 to 50% score can pursue an MBA. You may face some challenges in the starting, but after a good command of the basics, you can easily excel in your MBA program.
Is any prior work experience mandatory before applying for an MBA program?
No, it is not mandatory to have work experience before an MBA. However, if you have one, it enhances your profile and in case a candidate lacks a good academic background, prior work experience proves his/her capability.
I am a working professional, how do I manage my MBA with it?
Many colleges and universities offer part-time or distance MBA programs that are designed specifically for working professionals. Known as EMBA (Executive MBA), they offer flexible time schedules and online classes. An MBA while working can be challenging, however, it can also be a valuable investment in one’s career.
What are the qualifying exams to enter a good MBA college?
Various MBA entrance exams are available to enter the best MBA colleges in India. These include the CAT, CMAT, NMAT, SNAP, and XAT. However, if you are looking to pursue your MBA outside India, the GMAT and GRE are the ones accepted worldwide. Choose a good MBA college that can help you achieve your long-term career goals
How much would it cost to pursue a full-time MBA?
Every college and university has different features and facilities and hence cost can vary drastically. However on average, to pursue a full-time MBA in India, it can cost you anywhere between INR 50,000 to INR 15 Lakhs for two years.
Conclusion
Both marketing and HR are the most popular and MBA which are highly valued in the business world. Whether you choose to manage a company’s workforce with MBA HR or craft compelling marketing strategies with MBA Marketing, both paths offer dynamic and rewarding careers. By choosing the right MBA Specialization and enrolling in one of the best MBA colleges in Jaipur, you can pave the way for a successful future in the business world
