The Contact Specialty Codes are optional in the contact record for those not already designating this as Demographics. The Specialty field in the AMS is seen in a sample Company contact record’s Name tab in the next screen shot. 
The Contact Specialty Codes Dictionary is a flat table more commonly used for Company contact records. The MasterCodes that populate the drop down seen above for the “SPECIALTY” GroupType are seen in the following screen shot.
“No Code Assigned” is the default value assigned to all contact records when initially created. All other values shown are examples, and you can add and edit any as needed.
Most associations use Demographics instead of Contact Specialty Codes. To learn more, see the Demographics section of this knowledge base.