Overview of The Most Popular MBA Specializations

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Are you at the beginning of your career path? Or maybe you're thinking about enhancing your career opportunities? What about an MBA? Let's see which MBA specializations are the most in-demand and popular.

1. General Management. The Master of Business Administration in General Management focuses on building skills and a comprehensive understanding of the various elements of business, from accounting and management, to human resources management, finance and marketing, and is one of the most popular. The GM MBA is aimed at those who want to expand their career opportunities in various business sectors or in the field of consulting. This program focuses on building competencies in issues such as leadership, operational and strategic management, finance, marketing, business ethics, risk management, etc., through learning both the fundamentals and solving real business problems, implementing group projects, etc. According to the USNews 2021 ranking, the best business schools offering an MBA in General Management are (usnews.com):
#1 – Harvard University;
#2 - Stanford University;
#3 - Northwestern University (Kellogg);
#4 - University of Pennsylvania (Wharton);
#5 - University of Michigan - Ann Arbor (Ross);
#6 - Dartmouth College (Tuck);
#7 - University of Virginia (Darden);
#8 - Yale University.

2. International Management. The content of the MBA program in International Management may vary from school to school, but what makes this program different is that it is designed to build competencies in the classic disciplines with a focus on international activities, to create a vision of the modern business world with access to the global corporate culture. The best business schools offering an MBA in International Management according to USNews 2021 are (usnews.com):
#1 - University of South Carolina (Moore);
#2 - Harvard University;
#3 - Florida International University;
#4 - Georgetown University (McDonough);
#5 - New York University (Stern);
#6 - University of Pennsylvania (Wharton);
#7 - Columbia University;
#8 - George Washington University.

3. Consulting. One of the most in-demand professions after the MBA is consulting, this is due to a combination of prestige, a high level of compensation, complex, but at the same time very interesting work environment. According to the QS MBA Career Specialization Rankings 2021: Consulting, the top schools offering this program are (topmba.com):
#1 - INSEAD;
#2 - London Business School;
#3 - MIT (Sloan);
#4 - Columbia Business School;
#5 - Northwestern Kellogg;
#6 - Penn (Wharton);
#7 - Chicago (Booth);
#8 - Michigan (Ross).

4. Strategy. The MBA program in the Strategy (Strategy&Leadership) specialization is aimed at the formation and development of global systemic business thinking. This program provides for the formation and development of competencies within the framework of classical disciplines, and its graduates are future leaders-strategists, able to ensure sustainable business development, foresee the future, analyze the external and internal business landscape, develop unique business strategies, learn quickly, adapt and work ahead of the curve. The best business schools offering MBA programs in Strategy according to Best Value Schools are (bestvalueschools.org):
#1 - Harvard University;
#2 - Stanford University;
#3 - University of Delaware;
#4 - University of California-Berkeley;
#5 - University of Chicago.

5. Information Technology. The MBA program in IT specialization is also quite popular, which is due to the tenological growth and increasing integration of various digital solutions and tools with business processes. This program is aimed at building competence in applying various theories, concepts, tools, methods and solutions to complex business situations, issues and problems. According to the QS MBA Career Specialization Rankings 2021: Technology, the top schools offering this program are (topmba.com):
#1 - MIT (Sloan);
#2 - Stanford Graduate School of Business;
#3 - UC Berkeley (Haas);
#4 - Cambridge (Judge);
#5 - Harvard Business School;
#6 - Northwestern (Kellogg);
#7 - Michigan (Ross);
#8 - UCLA (Anderson).
So, the programs listed above are by far the most popular, and the schools are among the best, according to some authoritative sources. The choice of one of the programs depends on your capabilities and career goals.

By Dorothy Taylor