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Komal
11 October, 2024
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“The future belongs to those who learn more skills and combine them in creative ways.” – Robert Greene
Are you considering an MBA programme? Why settle for less when you can double your advantages? An MBA with a dual specialisation isn’t just a boost to your career; it’s like upgrading your toolbox with more skills. Imagine being an expert in both marketing strategies and financial analysis . It is about mastering data analytics while equally excelling inhuman resource—you could be the top talk of your organisation.
Nowadays, companies look for versatile candidates. Employers recruit those who can wear many hats concurrently and adapt to the swiftly evolving business landscape. Furthermore, speaking of multitasking, did you know that according to LinkedIn (2023), 64% of recruiters hire candidates with a blend of soft and hard skills ? On top of that, as per GMAC (2022), MBA candidates with multiple specialisations are likely to secur 15–25% higher salary jobs . Moreover, it’s never about specialising in merely one skill. But it’s about aligning a range of skills to create something innovative. The MBA with dual specialisation programme lets you gain expertise in two fields simultaneously. Let’s dive into this blog and learn about the benefits of pursuing an MBA with dual specialisation.
When the MBA programme allows you to select two different specialisations in the same course, known as the MBA with dual specialisation, this programme is designed to equip you with multiple skills in other sections. You get to specialise in two fields with the same two-year degree programme.
The dual specialisation MBA provides theoretical and practical knowledge on your chosen specialisations. It allows you to gain extra knowledge at the same time. Moreover, this programme teaches you to overcome challenges compared to a single-specialisation MBA.
Also Read: MBA with Dual Specialisation: The Power Duo for Career Growth
The MBA is a versatile course. According to GMAC (2024), 91% of employers plan to recruit MBA grads. Specifically, the tech sector showed a high demand for MBA candidates, with around 96% of employers. Also, as per MBA News Australia (2023), despite facing economic challenges, the consulting and energy sectors want to hire large numbers of MBA graduates.
Moreover, whatever you learn today might be an investment for tomorrow. MBA graduates have always been in high demand among recruiters. But imagine if you have expertise in more than one field; wouldn’t this benefit your career? Understand why you must consider an MBA with dual specialisation with the following:
It allows you to specialise in two fields simultaneously for versatility.
Stand out among recruiters with diverse qualifications.
Get access to a broader range of career growth opportunities.
Become adaptable according to evolving industry trends.
Develop multi-disciplinary leadership skills.
An MBA with dual specialisation provides you with more advanced knowledge. Equipping you with multiple competence abilities is one of the main goals. It offers various specialisations, allowing you to choose any two as your area of expertise. As a result, dual specialisation MBAs have increased the demands of corporations nowadays. The following are the benefits of an MBA with dual specialisation. Let’s go through them!
It provides two specialisations, allowing you to gain more skill sets than a regular one. Each industry looks for a skilled workforce who can work in different departments when needed. Having multiple expertise makes you an ideal fit for recruiters’ demands.
The market trends change rapidly nowadays. What you have today may not be helpful for tomorrow. You would want to gain another skill set to bring your career back on track. Having two discrete skill sets allows you to adapt to the ever-changing market trends. This way, changing trends don’t hinder your career or keep it on pause.
The future of employment has always been more uncertain than now. Nowadays, algorithms, strategies, and market trends change a lot. When you begin your career, the first thing you would want is job security. Therefore, you can only rest assured when you have plan B. With a dual-specialisation MBA, you acquire expertise in two sectors. If your first choice is uncertain, you can easily land jobs in the other sectors.
As the new domains emerge, there is a need for more skilled professionals in corporate. More specifically, versatile, experienced professionals. An MBA with dual specialisation provides you with various career growth alternatives. In short, it offers you multiple career opportunities due to its dual-expertise curriculum. You get certified for two majors in the same degree.
You get countless career opportunities once you get a dual-specialisation MBA degree. It allows you to switch your career easily from your first domain to another. Since you have a master’s in two sectors, a career switch becomes easier. Moreover, with two specialisations, it becomes easier for you to excel in different jobs.
Networking is an essential aspect of business. Having expertise in two specialisations allows you to connect people of distinct backgrounds. It would enable you to broaden your network. With a dual specialisation MBA, you can work on multiple projects with different peers. It helps you expand your network and enhances career advancement opportunities.
Communication, leadership, and innovation are some skills that are common in most sectors. However, with this programme, you can specialise in two different departments. For instance, you are a finance and digital marketing expert. Both are two widely distinct fields. The skills you have in finance won’t work in digital marketing . And the skills you have as a digital marketer may not be helpful in finance. But guess what! You can lead both of these departments concurrently. Having multiple skills has always been a plus for everyone. With an MBA with dual specialisation, you can obtain many diverse skills.
Do you still need to decide whether an MBA with a dual specialisation suits you? It becomes easier to trust a process when we have a real-world example. So, let’s hear Ashwin Damera’s success story. You may have heard his name but might not know him well.
Let us introduce you to Ashwin Damer , co-founder and CEO of Eruditus Executive Education . EE Education is an ed-tech company. It collaborates with numerous esteemed universities worldwide. Do you know how Damera set up this huge company? The journey started when Damera enrolled in an MBA programme at Harvard Business School. He completed his MBA in finance and entrepreneurship simultaneously—all thanks to HBS’s dual specialisation MBA.
The analytical skills he learnt in finance brilliantly merged with the mindset of an entrepreneur. With an MBA in dual specialisation, he learnt to think strategically to tackle financial complexities. On the other hand, his expertise in leadership allowed him to start his own company. Today, Eruditus has a value of more than 3 billion dollars.
Although his ambition and determination towards his goal can be denied, his MBA with dual specialisation played a significant role in his career. This programme equipped him with a variety of skills in the two most crucial areas of a business. Like Damera, you can build your brand with the correct dual specialisation MBA.
Consider an MBA with dual specialisation after learning about its benefits. But you may be curious about choosing the right dual specialisation for your goals. Here are a few tips that may help. Let’s go through them!
Figure out your two areas of interest.
Analyse the scope of the specialisations you have chosen.
Find out which two specialisations come in handy when merged.
Evaluate the programme and its university rankings.
Inspect the curriculum and electives.
Reach out to business professionals through social media and discuss.
Evaluate the career opportunities and salary potential.
Also Read: Discover the World’s Best MBA Colleges for 2024
An MBA with a dual specialisation is like having a Swiss Army knife of an MBA degree—variable and ready for every challenge. It is an investment that equips you with skills in two different fields. Contributing to making you more adaptable and marketable, it’s like killing two birds with one weapon. With a dual-specialisation MBA, you can be your company’s financial genius and marketing strategist.
The MBA with dual specialisation prepares you for the twists and turns of the evolving market. Also, the benefits of pursuing an MBA with dual specialisation are countless. This programme makes you the horse of the long race. It doesn’t set you up for immediate success but sustainable growth over time.
