To cater to industry demand for specialized talent, MBA specializations in various domains and functions like Finance, Marketing, Business Analytics, Human Resource Management, International Business, Banking & Finance, Insurance, Healthcare, Operations are offered by MBA and PGDM Colleges and you need to choose which MBA specialization is best for your career goal. Each of these functions need to work together for achieving organization’s goals and objectives. To put it simply, MBA education is a study of each of these functions so that MBAs can be effective managers after leaving the campus. As MBA Program teaches all these functions through its compulsory core course in first year of MBA because all MBAs should have the basic understanding of how business works. Having acquired this basic understanding of key functions, MBAs select one or two areas of specialization based on their interest and job market. At this stage, you are given the option to choose which MBA specialization is best for you.