MBA degree programs are known for bright career prospects it provides to the students and is accepted worldwide. On the top of it, if dual specialization in MBA is done it would be great for students in terms of exposure and benefits. It enhances the knowledge of students in two different streams and they develop extended skills to conduct varied tasks with equal competence. The corporates prefer employees with multi-tasking abilities over experts in just one specific field.
Both private and government run B-schools offer dual specializations in MBA as there is industry requirement for such professionals. Some of the most common and famous dual specializations in MBA offered by B-schools are :
1. Marketing and Finance
2. Marketing and Human Resource Management
3. Human Resource Management and Information Technology
Due to global recession and huge demand of professionals with multi-tasking abilities, the number of students opting for dual specialization in MBA is increasing. In an industry there are a variety of problems, and candidates with such degrees have the ability to solve problems with efficiency.
Gone are the days when industries only preferred candidates with expertise in a particular field, but now they want to hire multi-tasking people. Students going for MBA with dual specialization courses should keep in mind their area of interest and employment perspective before selecting the option. For instance if you are planning to work in the Marketing and Finance field then they should opt for MBA with Marketing and Finance. They should also have knowledge about stock market, technical analysis, working capital management, dividends decision, etc.
Dual specialization in MBA provides more exposure that ultimately leads to increased knowledge. The candidate develops the skill to tap in different domains at a time. Also they develop distinct domain expertise and complete varied tasks at the same time and with equal effectiveness.
In terms of placements, the candidates have huge benefit with dual specialization as they can apply to two different job domains at the same time and accomplish wide variety of roles which is obviously desired by any employer.
Another added advantage is, the employee can make a career shift smoothly in future if required. For instance a candidate does MBA with dual specialization in Human Resource Management and Marketing. Then he/she selects Marketing domain for job. But after few years the person can shift to HRM if required.
In MBA, networking is the most valued ability. Both the companies and the recruiters prefer MBA students that have a huge network to facilitate the business transactions. Dual specialization allows building a wider network in two different domains. In market there is big demand for professionals who fit into the diversified roles. MBA with dual specialization solves this problem and fills in the demand-supply gap. MBA itself brings in maturity and practical skills in the students. Activities like group exercises, case studies, co-curricular activities, projects and internship can make you land your dream job.
To arrive at the right decision as to which dual specialization to choose, have a clear career plan. It would help in selecting the correct option.
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