When we talk of management studies, the two most coveted specialisations are perhaps an MBA in operations management in India, and the next is an MBA in finance. Now, from morning tea/coffee to the last TV show at night, everything wheels around business, right? And the two important aspects of business is production-delivery management i.e. operations management and commercials that is finance. No wonder then, these two business specialisations are in hot demand. Everywhere!

Scope of MBA in Finance

First, if we try to understand MBA Finance. It specializes in management, control, collection, investment, resources and management of money. The program opens up various opportunities for students in finance domain by making them skilled in analysing company reports, forecast economic trends, maximising stock values, balance risk and profitability, and investment portfolio management

The approach of MBA Finance

Students of MBA finance start learning very focused on various core financial subjects like corporate restructuring, International Markets, Corporate Budgeting, Investment Analysis, Advanced Financial Management.
Just compare this against general MBA subjects like Financial Accounting, Managerial Accounting, Managerial Finance, Data Analytics, Human Resources Operations Management or Logistics, Microeconomics for Management, Strategic Thinking, Marketing Management etcetera that the program offers and you will understand the core of MBA Finance and its differentiated offer.
Now let us talk about another hot MBA specialisation that is in Operations and Management.

The approach of MBA in Operations and Management

The students learn how to tackle various aspects of businesses like planning, manufacturing and services. They get a global perspective on various industry trends. Beside this, they get a thorough understanding on how to meet the demand-supply equations by equating various issues and problems that are specific to production and operation.

Say, for example, you know e-commerce companies like Flipkart or Amazon have mastered the superfast delivery of products right? Now, how do they manage? With so much product range, ensuring their stocks, managing various orders and then supplying at a standard or express time (that they and all other supplying companies like them must meet).

Honestly speaking modern businesses now require an advanced approach towards operations and management because of the e-commerce explosion and growth of production technology and processes. This is what skilled professionals from operations and management domains specialise in managing.

Scope of MBA in Operations and Management

The scope of the course aims at preparing future managers with mastery in overseeing a business’s operation management to happen in the most effective and efficient manner. Becoming the main pillar of a company’s day-to-day operations ensures that delivery of quality product happens at the right cost and on the scheduled time, providing solutions and smooth running of the processes related to planning, organising and supervising the production. The focussed analytical and organisational skills that they learn from the course help them in managing these.

The best colleges for MBA in Finance in India or MBA in Operations and Management ensure the curricula cover the approach and scope of both the domains to the best of their abilities by ensuring high class and experienced faculty, infrastructure, workshops, industry visit and internship opportunities.

Author's Bio: 

When we talk of management studies, the two most coveted specialisations are perhaps an MBA in operations management in India, and the next is an MBA in finance. Now, from morning tea/coffee to the last TV show at night, everything wheels around business, right? And the two important aspects of business is production-delivery management i.e. operations management and commercials that is finance. No wonder then, these two business specialisations are in hot demand. Everywhere!