MBA Generalize or Specialize – Which Route to Take?

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By: Falak Naz

Bilkulonline.com

Over the years, the education system has seen tremendous changes – not just at the primary level but higher studies as well. New courses are being introduced owing to the demands of the industry. MBA, for instance, has witnessed the addition of specialized courses that have garnered interests not just of students but the recruiters as well.

While this addition has offered new opportunities, it has also multiplied the confusion level that bothers students. Especially when they need to take a decision about which course to opt for their higher studies.

In this article, we will discuss some relevant points on the famous debate that is going on in the industry — Which MBA is better?

Generalized MBA

Generalized MBA basically provides you with a broad skill set and prepares you for all types of management jobs in the corporate world. In the first year of the MBA, B-schools strengthen the foundation of knowledge among the students.

It is in the second year that students get the opportunity to choose a wider selection of electives. Now, let us see what the pros and cons are of opting for a generalized MBA.

Pros:

  • A great option if you haven’t decided the specific industry you wish to work in
  • It gives you the freedom to look for varied opportunities in the market instead of focusing on one
  • You can also select electives in the second year as per your inclination and interest

Cons:

  • You can become confused when it comes to selecting a particular job profile
  • Without a specific direction, you may become less focused on your career
  • Competition gets high if you apply for a job that requires specialized skill sets

Specialized MBA

Most of the students who know their interest areas often prefer a specialized MBA. This course focuses on a specific study area and enhances grasp on the skills needed for the managerial positions. Some of the MBA specializations that have become popular are in fields such as Finance, Marketing, Human Resource, Power Management and so on.

The syllabus of such specialized MBAs is also different. If you look for MBA in HR syllabus and just a general MBA, you will find plenty of differences.

Pros:

  • If you have specific knowledge, you can get higher wages 
  • You have higher chances of getting a job opportunity in your area of expertise
  • You can get special jobs as a leading expert in your specialized field 

Cons:

  • In case your area of speciality gets obsolete, you will have lesser job opportunities
  • Your career gets restricted to only one task or job profile
  • Working in the same field can lead to monotony after some time 

The Final Decision

There are‘n’ number of arguments that will come across when you have to make a final decision. However, the best decision is that which aligns with your interest and future goals. If you wish to work in a specific industry, then opt for a specialized MBA. Otherwise, you can always choose a generalized MBA and see what suits you the most.

While selecting the right course, you can also check the syllabus and decide whether it entices your or not. For instance, if you wish to become an HR professional, search for MBA in HR syllabus and see if the topics are relevant enough or not. This also helps you to choose the right college and see whose curriculum is most industry specific.

You can also take advise from your teachers and friends. Interestingly, there are some B-schools like UPES which organize counselling sessions and webinars to help students make the right career decision. Keep a check on them and attend one as soon as possible. All the best!