Getting an MBA degree is a big decision in your professional journey, and choosing a major or specialization is just as important because it’s a choice that will shape your career trajectory. While most MBA students have a general idea of the field they want to specialize in, the number of niche electives available can make the decision overwhelming. Furthermore, in a rapidly-evolving job market, you might discover that new specializations can emerge even before you complete your program.
That’s why it’s important to consider not only your personal interests and career goals, but also the fast-paced employment landscape.
Here are five things to consider before choosing a specialization that truly strengthens your MBA journey and career prospects:
1. Your interests:
Start with an honest appraisal of your strengths and interests. Rommel Sergio, associate dean of the School of Management at the Canadian University Dubai notes that choosing a specialization that aligns with your passions will keep you motivated and engaged. “It makes the MBA more relevant and fulfilling in the long term,” he says. This not only increases the likelihood of academic success, but also makes for an enjoyable learning experience.
2. Your career goals:
Tailoring your specialization to your goals and career stage ensures that you remain relevant and plan strategically for future growth prospects. Tristan Anderson, admissions manager at the Middlesex University Dubai explains that experienced professionals may choose a specialization that is aligned with their short-term goals. This could be to enhance existing knowledge and skills or pivoting to something new. One example would be a marketing professional opting for a digital specialization to upskill, or a finance professional with strong analytical skills transitioning to marketing analytics. On the other hand, Anderson says recent graduates should think short-term and ask themselves: “How is this specialization going to shape the foundation of my early career?”
3. Employability and job market trends:
Ideally, you want to find a happy balance between your career interests, goals, and job market trends. Anderson suggests young professionals’ factor in the demand for their chosen specialization by researching market trends and looking at upcoming industries that they resonate with. “Understanding this can impact job prospects post-graduation, potential salary, and career advancement,” he adds.
For example, with the rise of big data it might be worthwhile for students who have an interest or proficiency in statistics, programming, and analytical thinking to look at specialization streams like data analytics and business intelligence.
4. Faculty expertise and curriculum:
Faculty members bring real-world insights and practical knowledge to the classroom, enrich the learning experience with relevant case studies, and have their pulse on current trends and industry connections. This expertise enables them to provide mentorship and guidance that is tailored to your strengths, interests, goals, and career path.
Consult with faculty members to better understand if your specialization covers relevant topics, and how you can address any potential gaps. If you’re considering a niche industry like luxury brand management, perhaps they can guide you towards a marketing specialization supplemented by an internship with a luxury retailer.
5. University support:
It’s equally important to look at other opportunities or support that your university or MBA program offers. “Different specializations offer unique networking opportunities,” Sergio adds. “This can be through industry connections, alumni networks, and professional organizations.” He also advises students to start building strong professional networks during the first year. This opens doors to internships, job placements, and collaborative projects – all of which provide a competitive edge in the job market.
