New Delhi (India), June 14: In order to cater to the demand of the industry for specialised talent, MBA and PGDM specialisations in various functional areas and domains are offered by the top-ranked B-schools.
PGDM and MBA programs are known for granting you a holistic overview of the business. The core modules in these programs generally cover strategy, accounting, marketing, and finance, among other aspects. There are additional elective options, too, that allow you to take a dive into what interests you.
Are you a student looking to apply to a specialised MBA or PGDM program? This blog is for you. Today, we will take a look at various specialisations to watch out for in the top-rated B-schools in 2024.
International Business
A specialisation in International business is perfect for students who are looking forward to working abroad or for multinational companies after graduation. From finance to operations, you will learn a lot of critical skills there.
With PGDM international business by JIMS, an individual can prove their proficiency and authority in taking international assignments with ease. Aspirants can enjoy moving into a rewarding, exciting, and fast-paced career in worldwide business entities rather than getting a chance to move to domestic entities.
| Career Opportunities | Sectors that actively recruit students |
| Marketing Manager | Export-Import companies |
| International Trade and Customs Manager | Logistics companies |
| International Finance Consultant | Pharmaceuticals and Biotechnology |
| Trade Analyst | E-Commerce Firms |
| Research Associate | Companies dealing in International Finance |
| Export Managers and Executives International Business Consultant | International trading companies |
| Export/Logistics Executives and Coordinators | Manufacturing Enterprises |
| Management Consultant | Banking |
The PGDM IB program by the JIMS Technical Campus is a window of worldwide career-building chances in the fields of import and export, logistics, foreign exchange departments, and many more.
Retail management
The PGDM retail management is specialised and focuses on management tactics for retail establishments. It is a postgraduate course that the management institutions and the business schools frequently offer.
The program is intended to grant the aspirants a clear grasp of the retail industry and grant them the skills and data they require to succeed in a variety of professions within the sector.
Sales, supply chain management, marketing, and merchandising are just a few of the many topics that are enlisted in the program.
The two-year-long PGDM RM program by the JIMS Technical Campus grants the aspirants with a broad and clear understanding of the applied and theoretical aspects of retail management. Other than that, there are areas such as e-commerce, finance, and marketing to equip the aspirants with research, practical, and analytical skills required for a professional management career in an allied industry.
The knowledge and the skills accumulated in this course make the students a highly valued asset. Let us take a look at the trimester-based courses of the PGDM (RM) course by JIMS:
| Trimester 1 | Credit |
| Managerial Economics | 3 |
| Accounting for Managerial Decisions | 3 |
| Principles & Concepts of Retail | 3 |
| IT Application in Management | 1.5 |
| Comprehensive viva-voce | 3 |
| Quantitative Techniques | 3 |
| Marketing Management-I | 3 |
| Fundamentals of Management and Organisational Behaviour | 3 |
| Business Communication | 2 |
| Total | 24.5 |
| Trimester 2 | Credit |
| Macroeconomics Management | 3 |
| Financial Management | 3 |
| Merchandising & Category Management | 3 |
| Concepts of E-BIZ | 1.5 |
| Entrepreneurship and Innovation Management | 1.5 |
| Business Analytics | 3 |
| Marketing Management-II | 3 |
| Retail Store Operations | 3 |
| Managerial Communication & Environmental Scanning | 2 |
| Comprehensive viva-voce | 3 |
| Total | 26 |
| Trimester 3 | Credit |
| Human Resource Management | 3 |
| Sales Management & Retail Selling Skills | 3 |
| Financial Institutions and Markets | 3 |
| Luxury Retail | 1.5 |
| Executive Communication | 2 |
| Business Research Methods | 3 |
| Visual Merchandising | 3 |
| Digital & Social Media Marketing | 3 |
| Consumer Behaviour | 2 |
| Comprehensive viva-voce | 3 |
| Total | 26.5 |
| Trimester 4 | Credits |
| Retail Analytics | 3 |
| Project Management | 3 |
| Summer Internship report plus viva voce | 6 |
| Retail Supply Chain Management | 3 |
| Specialisation -I | 12 |
| Total | 27 |
| Trimester 5 | Credits |
| Sourcing and Merchandising for Online Business | 3 |
| Contemporary Practices in Retail | 1.5 |
| Retail Strategic Management | 3 |
| Specialisation -I | 12 |
| Total | 19.5 |
| Trimester 6 | Credit |
| Final Project | 3 |
| Corporate Governance and Corporate Social Responsibility | 1.5 |
| Total | 4.5 |
This program has been designed and built for individuals who are looking to develop successful careers in merchandising, eCommerce, store management, and logistics.
Entrepreneurship
Launching a startup off the ground is no walk in the park. An MBA in entrepreneurship will help you gain the skills required to take the startup idea from the commencement to the launch.
You will concentrate on developing both the soft and hard skills needed to develop a successful startup, and you will stand a chance to complete your degree by pitching your startup to an expert panel of entrepreneurial experts.
An MBA in Entrepreneurship will educate you regarding the key aspects of the entrepreneurial journey and the frameworks you require to manage uncertainty. Among many things you will learn about:
- Creation of a venture
- Interacting with the stakeholders
- Platform disruption
- Developing a value-driven business model
- Scaling up the growth of a business
Business Analytics
If you are looking forward to entering a fast-growing sector and building your level of expertise when it pertains to all things analytics, then you should consider a program that grants a strong business analytics track.
After concentrating on the core business models, you can dive into how to use models to support decision-making in business. As of 2024, business analytics is one of the specialisations to look out for.
Wrapping Up
The specialisations we have mentioned above are to watch out for in 2024. Remember, your selection of the specialisation should depend on your background and your field of interest.
If you are an aspiring candidate looking to kick-start your career in international business or retail management, the PGDM courses offered by JIMS Technical Campus are the best option for you.
FAQs
- Does a PGDM specialisation matter?
A PGDM or MBA specialisation will get you ready and prepared for a specific niche in the industry.
- What specialisation is the best in B-schools?
Both International Business and Retail management are the top specialisations in the B-schools right now.
- What is Human resources management?
Human resources management concerns are concerned with a company’s internal marketing.
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