Benefits of pursuing an MBA with dual specialization

MBA degrees have long been popular among graduates, holding immense potential for unlocking better growth prospects and higher pay scales. The latest offering however is an MBA degree with dual specialization, meaning you can now choose to specialize in two subjects in parallel as part of your MBA two-year program. The result? You gain intensive knowledge in two study domains and earn a competitive edge over your counterparts in the job market as you appear more desirable to prospective employers. This blog takes a further dig at the dual specialization MBA benefits for students.

Why pursue an MBA with dual specialization?

MBA programs offering students the option of dual specialization are a fast-catching trend in both the online and offline learning markets. Here we discuss some of the key benefits that students tend to gain over their counterparts when pursuing this special degree.

Detailed below are some of the top MBA dual specialization advantages for students:

Better career options

Since students are allowed to specialize in more than one domain, it expands their scope of professional growth. The graduates can choose to work in any industry or sector as per their liking and the area of specialization chosen. This allows them to fast-track their career trajectory.

Some of the top job roles worth applying for after completing the degree program include:

• Marketing Manager: They are responsible for the complete promotion of a company’s products and services to both existing and potential customers.
• Financial Manager: They oversee the overall financial health of the company and manage all its financial operations with the concerned stakeholders. 
• Database Administrator: They ensure that the databases run securely and efficiently within the organization. 
• Market Research Analyst: They collect and analyze data on the brand’s existing and target customers, competitors, and the market, to help the organization make effective business decisions in the future. 
• HR Manager: They are responsible for designing and implementing HR strategies and ensuring clear and transparent communication between the organization and its employees. 

Higher earning potential

Along with professional career growth with a dual specialization MBA, also comes the opportunity to earn higher pay scales. Students are eligible to earn lucrative salaries in top senior roles in an organization. 

The average annual salary of some of the top job positions offered to graduates with an MBA in dual specialization are mentioned below for your reference:

• Portfolio Manager – INR 18,80,000 per annum
• Talent Acquisition Manager – INR 13,31,814 per annum
• IT Consultant – INR 11,07,603 per annum
• Logistics Manager – INR 9.9 lakh per annum
• Supply Chain Analyst – INR 7,17,000 per annum 

Increased marketability

Students completing the dual-specialization MBA degree become more attractive to prospective employers and find it easy to market themselves in the job industry. The industry is forever in need of skilled professionals with the ability to multitask. Candidates who can fit diverse roles with equal efficiency and adaptability are always preferred over those who aren’t that flexible. The MBA degree with dual specialization helps find a solution to the glaring demand-supply gap in the industry. Applicants can proudly claim to possess industry-desirable skills, knowledge sets, and other specific requirements to secure top-paying jobs in the market. 

Enhanced skill set

The dual-specialization MBA for career advancement is designed to prepare students and working executives to assume top leadership positions in organizations. Students learn essential skills such as strategic decision-making, problem-solving, and leadership to effectively take over managerial roles in their companies. Moreover, students stand a chance to gain a comprehensive understanding of business strategies and principles through topics such as quantitative methods in management, global economic environment and policy, business economics, and project management. 

Adaptability in a dynamic job market

The job market is ever-evolving, with the requirements of companies changing to suit their overall objectives. In a dynamic setup like this, the MBA degree with dual specialization enables graduates to adapt to the changing job market needs from time to time by staying in touch with the most relevant skills that are in demand at the time. Additionally, students are better able to distinguish themselves from the crowd and highlight their unique ability to understand different business functions and adjust accordingly. 

Broader network and learning experience

The program helps foster industrial connections between the students and top industry experts. In addition, the course’s alumni network is also brought within easy reach of the current batch of students to learn from their diverse professional backgrounds and gain valued insights into diverse industries. The availability of two specializations within a single course facilitates an enhanced learning experience for the students. 

Pursue an online MBA with dual specialization from SMU

Convinced to try out the unique dual-specialization MBA program with potential benefits for your career growth? Start with signing up for the online MBA degree with dual specialization offered by the renowned Sikkim Manipal University. Available in 100% online mode on the acclaimed Online Manipal platform, the program is offered to students keen on enhancing their leadership and managerial skills and assuming top roles in their respective career paths.

If you’re still unsure as to why choose a dual specialization online MBA, the reasons are plenty yet simple. You get to choose from any one useful study area from a wide range of options – Human Resource Management, Operations and Supply Chain Management, Finance, Systems, and Marketing. Choose any two areas that best interest you academically and also align with your future career goals. What’s more? The program is completely online, allowing you sufficient time to manage your work commitments in parallel.

The two-year course is divided into 4 semesters spread out over 15-20 hours per week. Some of the core subjects covered in the curriculum include:

• Marketing Management
• Business Economics
• Legal Aspects of Business
• Human Resource Management
• Productions and Operations Management
• Global Economic Environment and Policy
• Business Strategy
• Consumer Behavior
• Market Research

Students are offered the choice between Finance, HR, Systems, and Operations & Supply Chain Management in the second year of the course, along with the mandatory Marketing domain. Once they choose the domain they wish to specialize in, they are taught subjects relevant to the specialization in addition to the mandatory Marketing specialization. 

The program also entails a wide scope of project work, practical training, and hands-on experience projects, enabling students to get a complete real-world experience of the theoretical concepts. This helps the students to get a feel of what it would be like to work in the industry after completing the course. 

Some of the key skills that students learn as part of the course include:

1. Innovation
2. Project management
3. Data analytics helpful in decision-making for businesses
4. Leadership and managerial skills
5. Effective verbal and written communication
6. Business-building in international markets
7. Organizational behavior
8. Management processes   

Students aspiring to pursue the dual-specialization MBA degree online from Sikkim Manipal also receive the privilege of availing easy student-financing options such as study loans. This makes the course easily affordable and accessible to all. In addition, certain students meeting specific criteria are entitled to apply for attractive scholarship programs at the university. 

Students completing the online MBA with dual specialization from Sikkim Manipal University are eligible to apply for job roles like Supply Chain Analyst, Talent Acquisition Manager, Market Research Analyst, Portfolio Manager, and Financial Manager, among others. Also, the online MBA with a dual specialization degree is recognized around the world by governments and the private sector alike. The degree is conferred the same status as any other traditional on-campus degree program offered by Sikkim Manipal’s counterparts. 

Conclusion

With a multitude of benefits ranging from potential career growth opportunities, boost in salary packages, enhanced skill set, and the chance to earn a dual specialization in one single degree, an online MBA from Sikkim Manipal University is your best bet. 

One of the best advantages of pursuing this course is the wide scope of knowledge that it offers. This multi-domain knowledge is particularly useful to professionals as they gain expertise to cope with an ever-changing job market. For instance, with a specialization in two prominent study areas, such as marketing and finance, students tend to gain a broader perspective of both domains. They can then apply this comprehensive knowledge gained in multiple industries and sectors and stand a chance to earn rewarding pay packages for their expertise.   

The program is offered in fully online mode, making it an even more convenient and highly preferred choice for students and working executives alike. Moreover, Sikkim Manipal University enjoys a considerable reputation in the e-learning industry, being accredited by NAAC and offering UGC-entitled degree programs. Its course curriculum is approved by the AICTE, making the degree globally recognized and valid for work. Moreover, the university focuses on imparting learning that is relevant to the concerned industry. This makes Sikkim Manipal University’s online MBA with dual specialization course one of the top choices among students.