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Is it advisable to take up industry specific specializations example retail, pharma, biotech etc. or pursuing the degree in core MBA programs will do ?
The denomination hardly makes any difference as long as the program is recognized by a competent authority like University under Central/State Legislature, Deemed University, Institutes recognized by the Ministry of HRD and the AICTE.
Keeping up the following points in mind:
• The reputation of the institute offering the program.
• The recognition of the program by a competent body.
• The acceptance of the program among corporate in terms of salary packages, opportunity and job profiles.
• The pedagogy of the program associated with.
• The fact that it would be difficult to switch sectors in the long terms.
It is always advisable to look at the reputation and status of the institute and its industry standing rather than the program.
Therefore, an MBA with traditional specializations in marketing, finance, human resource, systems, operations etc. from a one of the top B-Schools in the country or abroad is a much better option than playing a bet on retail or pharma management program from a not so well known school. MBA is a finishing school and one must always look at it as a final preparatory tool for a rewarding career in the long run.