The course where a student has a choice to choose two discrete specialization programs during the same tenure of an MBA is known as Dual Specialisation. For impending students, an MBA Dual Specialisation or Dual-degree programs are salutary. It engages in constant learning and developing our skills efficiently, which offers an MBA with specialized coursework in two main areas of interest of the student. For instance, someone who chooses to go with a combined or dual MBA/JD degree would know about the convergence of lawful practices and business procedures. Having two major degrees at once can prepare a student for leadership roles in many industries.
Dual Specialisation boomed only a few years ago, but this trend changed with the coming of technology. The computer skills required for MBA will take you a long way, whether you choose an IT specialisation or not. These specialization combinations are of two courses that complement each other well, allowing them to become well-rounded professionals who know about many domains.
There is a clear advantage of pursuing an MBA Dual Specialisation over a regular MBA, which has spiked its demand in recent years; so many students have already begun to choose a dual specialization. Some of the advantages are mentioned below:
- Market: The market is constantly changing and shifting. If a student has specialization in one program, it would be not easy to stay atop the industry as there would be many more candidates who gave the same amount of time into a program but studied and completed two specializations simultaneously. One can choose two specializations to possess and develop more and more skills and knowledge to be in the market for a longer duration.
- Job Security: By having two specializations, you can be more determinant with your job security and position because, in the industry, your knowledge, skills, and experience are going to make you a step ahead of the league. Opting for two programs helps you to get the best of both worlds. For example, an HR manager with finance skills will be much better equipped with skills and knowledge to handle the payroll and salary system than others.
- Opportunities: As you specialize in two programs, you’ll definitely get more opportunities than the one that has done a regular specialization program as you’ll be able to get opportunities from both of your specialized programs. It makes you more versatile and helps you to learn and get different roles.
- Entrepreneurship: It becomes easier for you to set-up/start your own business when you have experiences and knowledge of different businesses. You will be prepared to face various challenges that come along the way while setting up and pushing a business because you understand each aspect’s limitations and strengths.
- Career Switch: When you’ve experienced more than one thing, you can understand different aspects of the field/industry. You are also aware that you’ll be able to switch your career from one stream of business to the other with ease, as dual specialization has already made you versatile enough to handle more than one domain and has made your networking better than before.
- Pay Scale: Last but not least, as a fresher, Pay after Placement MBA totally depends on the program and stream of business you opted for. It varies on positions as well as different roles, which requires different criteria to work. The pay after placement structures for different streams of MBA are mentioned below:
- MBA in Finance: 6-8lacs per annum
- MBA in Business Analytics- 5-8lacs per annum
- MBA in Marketing- 7-9lacs per annum
- MBA in HR Management- 5-8lacs per annum
- MBA in Operation Management: 7-9lacs per annum
- MBA in Management Consultant: 10-12lacs per annum
- MBA in International Business: 7-9lacs per annum