Highly Specialized and Niche MBA Courses in the Education World Today
The job market in today’s modern era is a dynamic sphere, full to the brim with a wide assortment of sub-categories and verticals that even the most skilled and knowledgeable individuals have difficulty explaining. It is essential for youngsters aspiring to enter the job market to understand these complex categories and analyze exactly what specialty they would fit into the best.
One of the notable issues which have impacted the job market is the presence and popularity of cookie-cutter degrees. These degrees could be explained as extremely generic without relating to any unique specialization at all. In the job market of today, a general MBA or an M. Tech would not be enough to secure a gratifying job, and additionally in the long term, a career. However, new-age forms of education have emphasized on innovation and creativity and are gradually attracting more attention and importance over conformity. Out-of-the-box and novel thinking are valued more now, compared to rigid, orthodox, and basic notions. Individuals with fresh ideas and insights harvest more praise as compared to those who have traditional and obsolete thought processes.
Indian universities and bodies of education have slowly understood this concept, by curating relevant and contemporary avenues of education. An institute offering specialized MBA courses is UPES (University of Petroleum and Energy Studies), Dehradun. UPES School of Business (SOB) blends various facets of management and economic principles to offer unique education that is focused on critical domains of Energy, Infrastructure, Transportation, Analytics, and International Business.
Some of the modern and innovative MBA specializations offered by them are -
MBA in Business Analytics
Business Analytics has grown into one of the popular areas of study which aims at smoothening business processes. It can be further explained as the integration of skills, technologies, applications, and methodologies employed by organizations to accrue insights into their performance, based on information and statistics to kick-start business planning. Business analytics is ordinarily applied to analyze and regulate organization-wide functions and can be implemented across departments, for example - sales, product development, and customer service. Applying the concept of business analytics in a business can result in the following benefits -
- Unique insights through data visualization and presentation
- Keeps a business updated with modern trends
- Enables smart and efficient decision-making
- Provides clarity and streamlining a company’s values
- Ambitious students can expect job positions such as a Business Analyst, Data Analyst, Big Data Analyst, and Data Warehousing Expert.
MBA in Entrepreneurship and Family Business
India has witnessed numerous structural reforms since the note-worthy economic reforms of the early 1990s to amplify private sector growth & development. Trade fluctuations and investments in transport have led to a significant increase in the global and local integration of enterprises. The primary motive of attaining education in this domain is to introduce students to young businessmen who are either in the process of starting their own businesses own firms or have already done so. This is because these individuals have successfully identified all the tricks involved in starting a business. This course holds workshops, which offers students the opportunity to attain insights from industry specialists, be it E-Commerce, Telecommunications, FMCG’s, or the service industry. Furthermore, the engaging and interactive characteristics of this MBA program aid students to connect with others and hone long-term professional relationships with their peers. As a matter of fact, most students end up working with individuals they have engaged with during the period of their education. It is considerably easier to run a business with multiple individuals, it results in a greater resource pool in relation to funds and personal skills.
MBA in Urban Infrastructure and Smart City
This program has been designed to equip students with the ideal skill sets to tap the opportunities that have recently emerged in the ever-changing infrastructure industry. The program not only imparts managerial learning in core subjects but also some unique education related to infrastructure management, contract administration non-conventional methods of infrastructure creation. One can additionally learn about the financing and funding of infrastructure projects and most importantly, the growing prominence of technology and automation in this industry.
MBA in Energy Trading
In its simplest terms, “energy trading and marketing” is the buying, selling and moving of bulk energy (electricity and natural gas) from where it is produced to where it is needed. This program is designed for students who wish to acquire a solid understanding of the basic energy derivative structures and formats that are currently pervasive in trading, marketing, and risk management. It additionally exposes students to the global practices involved in energy/commodity trading, the needs of the growing Oil & Gas trading, including pricing and risk management and oil economics.