Let me explain to you the different types of MBA programs and different streams in MBA subjective. It’s all upon you that where and what you wanna pursue but let me guide you to different streams and segments of MBA and then you will have a clear mind where you want to create your own path in.
There are 5 types of MBA programs that you can pursue in, they are 2 - Year Full-time MBA program, a 1 Year Accelerated MBA program, Executive MBA programs, Distance MBA programs, Blended MBA Program.
There are different types of streams in MBA to pursue in, which you can make your choice in these different streams-
A 2 Year Full-Time MBA Program: A 2 Year Full-Time MBA program is degree offered by many of the common business schools and universities in the world. And these universities need the Scores of any of the following common entrance exams like GMAT, GRE, SAT, CAT, TOFEL, IELTS, MAT, etc. And some of the universities conduct their own entrance exams for enrolling students. A candidate can work on any of the entrance exams and clear the right suited entrance exam and getting good scores in the tests to join in top universities in the world.
A 1 year accelerated MBA program is a degree offered by mostly Private universities in the world. And these private universities don’t need any of the entrance exams but just a degree in any of the B.E or any other courses with a minimum 50% aggregate. And these private universities associated with any of the government universities or other universities that conduct exams for scholarships from its own institute itself.
Executive MBA programs are the certifications provided to the working professionals by any of the private or government universities. These institutes which are providing executive MBA don’t need any of the entrance exams but just the working experience.
Online MBA programs: These are the certifications provided online by any of the institutes, but these certifications have no value in the market.
Blended MBA programs: These are the type of MBA programs in which classes are held both Online and by Classroom, these are mostly to the working professionals.
Accounting: Accounting is related to the Finances which we arrange the accounts of the organization in a manner that reduces the taxes to the business and makes more revenue to the business by applying the financial strategies. Accounting is the systematic recording, analyzing, accounting financial information to grow the business by investing the revenue from a company in a systematic manner. Accounting is the way a business keeps track of its operations and invest money in a specific field of revenue-generating aspect. Accountants analyze the business finances so the owner can make better decisions on investing the revenue in.
Business Management: Business management is the organization and coordination of the affords to the business to achieve the goals of a specific business. Management consists of functionalities of creating administration, organizing, planning, managing, and directing an organization's strategic resources in order to achieve the business goals.
Economics: Economics is the science which we analyze, discriminate, strategic way of controlling the flow of revenue and analyzing losses and profits. Economics is divided into two different segments - Macro Economics and Micro Economics. Macroeconomics is a study of inflation, national income, gross domestic product (GDP). And Microeconomics works on a small factor of changes made in an organization by individuals
Finances: Finance work on the principle of managing the revenue of a company in a strategic manner. Mainly Finances work on the banks, cashflow companies etc.
Marketing/Sales: Sales includes the process of selling a product or services to a customer. While Marketing works under making a strategic plan to sell products or services.
Strategic/Risk Management: This involves the skill of making key decisions under pressure.