Which is a better choice, a general MBA or a specialized MBA

 Why earn a Master of Business Administration (MBA) degree? Most students who enroll in an MBA focus their studies on a wide range of subjects, including accounting, management, corporate finance, political management, and health care, to pursue various leadership careers. Every role, from health consultant to CEO, can benefit from the experience and skills developed in business school.

The versatility of the modern MBA has made it one of the most popular graduate degrees in the U.S. In 2018-2019, business degrees represented nearly a quarter of all master’s credentials awarded in the country, according to the National Center for Education Statistics. This interest in postgraduate business education isn’t a surprise, considering an MBA can be very useful when applying to many types of jobs and can contribute to higher earnings potential over the course of a career.

That said, not all MBA programs and concentrations are the same. Students have many options for MBA specializations in particular, including entrepreneurship, operations management, and many health-related topics. A healthcare MBA (HCMBA) is a good choice for those who are also looking for a variety of electives such as graduate certificate options for clinical and translational research, regulatory affairs, and healthcare quality, among other options.

Difference Between a General MBA and a Specialized MBA

General MBA vs. specialized MBA: Which is right for you? This is the first thing to consider when choosing an MBA program.

Business and finance courses are probably what springs to mind when someone thinks of an MBA. That makes sense, as classes in those subjects account for a significant portion of the general MBA curriculum.

Specialized MBA programs incorporate much of the coursework from a typical MBA with an emphasis on a specific subject, such as healthcare. There is no significant difference in the level of difficulty  between the two types, or between  different MBA, healthcare, or other areas of interest.

Also, while salaries vary based on factors such as job and location,  median salaries do. often similar for graduates of general MBA programs and specialized MBA programs, according to Pay Scale. In July 2021, for example, the overall median salary for MBA graduates was $91,000; specifically for MBAs in health care administration, it was $84,000.Graduates in both categories earned salaries that exceeded $200,000 for some roles.

General MBA Outcomes

Overall, a general MBA program can prepare students for careers at small businesses or large enterprises by giving them versatile skills in communication, management, finance, and more. Big-picture business topics are the major fixtures of a general MBA track, which typically includes a focus on subjects such as:

Accounting

Business Ethics

Data Analysis

Corporate Finance

Marketing

Microeconomics

Macroeconomics

Management

Operations

General MBA graduates can play a variety of roles, ranging from accountant or investment banker to consultant or chief financial officer. General catch-all MBAs usually don't provide the specific knowledge that many students want and do .however, certain careers should be pursued, such as those in healthcare, real estate, and energy.

Specialized MBA Outcomes

Unlike general MBA programs, specialized degrees incorporate advanced learning in a particular subject area of interest in addition to class selection  in general business fundamentals. When looking at general MBA and specialized MBA options, here are three popular MBA  areas of interest for pursuing leadership roles in specific industries.

Healthcare

A Healthcare MBA is designed to build specialized expertise. To that end, an HCMBA program may include elements of business, medicine, health sciences, public health, and nursing — so students can pursue a comprehensive and customizable course of study.

The core curriculum of an HCMBA may be broadly similar to the overview we provided earlier of general MBA tracks:

Financial Accounting

Managerial Accounting

Decision Making and Data Analysis

Operations Management

Finance

Global Perspectives

Microeconomics for the Global Economy

Organizations and Human Capital

Marketing

Business Ethics and Public Policy

Strategic Management

In addition to the core of the program, there is notable variation in the health care-related electives and degrees available. In  the George Washington University (GW) HCMBA program, for example, options include epidemiology, patient safety systems, global regulatory issues, and health systems issues and trends. Seven different graduate certificates are also available, covering areas such as integrative medicine and clinical research administration.

Marketing

Marketing-focused MBA programs emphasize the function of creating, communicating, and offering value to customers. The main goals of marketing are:

Attracting a target market

Persuading consumers to purchase your product or service

Encouraging a customer to take a specific action

Strategies for achieving these goals involve the use of efforts such as advertising, social media, special offers, and product displays.

Entrepreneurship

Entrepreneurship has become a key focus area for many online MBA programs in recent years. Entrepreneurship-focused MBA programs are pretty straightforward - they cover how to start and fund a business. new businesses, recruit employees, recognize market opportunities, evaluate financial performance, acquire customers and build business relationships.

There are other focuses beyond these three, including ones that go deeper into subjects like politics and public relations, two increasingly popular career paths for graduates.

If you are looking for Management which have the most Global Focus and are preparing students for a Global career. These are

Chitkara University
Manipal University Jaipur
NIMS University, Jaipur
Amity University Haryana, Gurgaon
Graphic Era University
Ashoka University
Jain university, Bangalore
PES University
ICFAI Foundation for Higher Education
Christ University