How is business analytics changing the world? Business analytics is like data analytics but is focused exclusively on the business needs and efficiency of every business process. This type of analysis helps companies understand how they’re doing in the marketplace and how they can increase their efficiency. Now, the question arises. What is the need of business analytics? Business analytics is a significant contributor to business intelligence, which allows stakeholders and managers to make informed business decisions. With the aid of business analysis, one can predict different processes, business, and market results. This is why businesses employ analytical methods using data to predict events, anomalies, and results. Evolution of business analytics The smartest business professionals were able to study things with customer satisfaction surveys and feedback to find out what drove customers to buy and use products regularly. This evolution of business analytics required the use of human resources and took a lot of time. When sophisticated tools for business analytics began to be introduced into our daily lives, it was completely transformed. Now more than ever the need for business analytics has grown, as business analytics has recently evolved into an increasingly sophisticated collection of methods and tools using extensive data automation. Business analytics was previously only utilized by a few companies associated with the largest MNCs. The initial applications for corporate computing included creating reports, delivering presentations and entering data into applications such as Microsoft Excel. After the evolution of business analytics, it is now integrated into various applications that deal with supply chain management, customer relationship management, human resources management, financial management manufacturing, and creating clever strategies for sports too. Need for business analytics How business analytics helps business? Data analytics in business can turn raw information into valuable inputs to increase the value of the data in making decisions. Through business analytics tools, we have a better knowledge of secondary and primary data that comes from their operations. This allows businesses to refine their processes further and become more efficient. To remain competitive, companies must stay ahead of their competitors and utilize the latest tools to aid their decision-making process in increasing efficiency and generating greater profits. Benefits of business analytics Business analytics provides actionable information to companies. Here are the primary advantages of business analytics: Increase efficiency in their everyday activities Help businesses understand their clients better Data visualization in business is used to provide projections of the future These insights assist in making decisions and creating plans for the future Business analytics monitors the effectiveness of a business and helps drive growth Find hidden patterns, generate leads, and expand your businesses properly Use of business analytics Through use of business analytics, you can: Examine data from every source Discover hidden patterns in data by using advanced analytics and statistics Distribute information to stakeholders through interactive dashboards and reports based on data Reconsider and justify your decisions based on the most recent information How do business analytics help businesses? If you are thinking, how business analytics help in decision making, here is your answer: Better business intelligence With the adoption of extensive data analysis, businesses have improved their business intelligence practices since this technology provides more efficient ways of providing products and services. Innovative and effective branding strategies Businesses employ innovative techniques such as sentiment analysis and text analysis to understand the data from customer traffic to discover essential insights into a potential customer. Better product management Companies today provide a wide range of various products as well as services. Analytical tools can help the company to focus on the appropriate item or service at the appropriate moment and boost sales. Ensured risk management To ensure that they are profitable, companies use analytics technology to anticipate risk and take action before it happens. Outperform competitors The companies leading the way in the current revolution in analytics have a strong advantage through analytics. The unique possibility of conducting thorough market research and gaining access to ever-growing data creates an impressive competitive advantage. The impact of business analytics in businesses across sectors Business analytics help companies make better-informed decisions about their finances, daily operations, and other aspects of their organization. It’s a vast area and has applications across a variety of sectors. Energy and fuel The energy and petroleum sector employs business analytics in various aspects of its business. Business analytics allows companies to reduce risk and decrease the chance of dealing with significant problems. Government sector Governments across the globe have begun to use business analysis and analytics of data to improve their efficiency. For instance, the central government has set up the CEDA (Centre for Excellence in Analytics and Data) to assist government agencies in gaining insights from their data. Finance Finance is the most frequent user of business analytics. Credit card companies collect a lot of customer data, including their health and financial status, buying habits, and lifestyle preferences. They share this information with their business partners, allowing them to offer discounts and deals to increase profits. Education Educational companies employ business analytics to optimize their learning methods and courseware. Business analytics helps them gain valuable insights that can help them enhance their teaching practices and improve their learning experience. Entertainment and media Netflix, Amazon Prime, and other streaming platforms employ big data and business analytics to enhance user experience. They collect data from millions of users and analyze it to customize their recommendations and make user interactions more enjoyable. Retail trading The most prominent application of business analytics in the retail industry is e-commerce. Major e-commerce firms like Amazon use business analytics to tailor customer recommendations and increase their sales. Future of business analytics The prospects for the future of business analytics in India appear to be full of possibilities. Many businesses have recognized the significance of business analysis to their development and efficient functioning. Here’s how business analytics can transform the future of business: Decision intelligence Decision intelligence can help businesses identify problems and devise strategies to tackle them. Big data automation Extensive data automation can store various data from multiple sources in one platform for storage, allowing the business to access and analyze the data quickly. Learning business analytics The next question that comes to mind is, what are the benefits of business analytics? More than half of businesses rely on business analytics to ensure seamless operation and decision-making to achieve their goals and this makes the future of business analytics very bright. To pursue a career in business analysis, you need a degree in the same field. Pursuing the online M.Sc or PGCP programs in Business Analytics from Manipal Academy of Higher Education will give a kick start to your journey as a business analyst. Conclusion When companies operate, they also generate massive quantities of data regularly, which is challenging. A business analyst is accountable for analyzing and organizing the company’s data from various sources and assisting them with making plans, strategizing, and making decisions to achieve the goal. Being a business analyst has many advantages, not only is it a fast paced career option but you can also help in a company’s growth. It is a life long learning experience and Manipal Academy of Higher Education can help if you aspire to become a business analyst. M.Sc in business analytics offered by Online Manipal can keep you a step ahead. Enroll in the online course today and begin your journey to business analytics. Key takeaways: Business analytics can help businesses enhance their performance, operate better, make more profit or make more strategic choices. All sizes of organizations have begun incorporating the use of business analytics in their process. This allows them to improve the efficiency of their processes and boost their revenues. Today business analysts are sought-after by companies who know they can dramatically boost their revenues by utilizing skilled experts.
From Satya Nadella to Vikas Khanna, a glimpse of MAHE’s reputed alumni Pursuing a degree from a reputed university is not only a matter of pride but gives an edge to candidates and aspirants who aim to explore their dream jobs. In this age and time, pursuing a degree from a reputed university grabs the attention of employers who prefer candidates from well-known educational institutes. One such institute is Manipal Academy of Higher Education (MAHE). An institution that is popular worldwide, MAHE has produced some outstanding talents that stand high as global leaders in today’s competitive world. In this blog, we look at the prestigious alumni at MAHE, who have taken the Institute’s value to greater heights. Satya Nadella, CEO, Microsoft Satya Nadella is the Chairman and Chief Executive Officer of Microsoft. Originally from Hyderabad, Nadella pursued his BE in Electronics & Communication from Manipal Institute of Technology. A 1988 batch student, he stands as one of the proudest alumni of MAHE. In January 2022, he received the prestigious Padma Bhushan award for playing a critical role in transforming digital technology. Ishita Malaviya, India’s first professional female surfer Ishitha Malaviya is regarded as India’s first professional female surfer. Born and raised in the coastal city of Mumbai, Ishita pursued her journalism from MAHE. In 2007, she started surfing, at a time when the sport was not so popular. By 22 years of age, she co-founded The Shaka Surf Club, a premier surf school in India. In 2019, she was named Forbes 30 under 30 honoree in Sports and Entertainment. Rajeev Suri, CEO, Inmarsat Rajeev Suri, who is the Chief Executive Officer of Inmarsat, was the former CEO of Nokia. A 1986 batch student, he pursued his BE in Electronics & Communication from Manipal Institute of Technology. Rajeev Suri is a commissioner of the United Nations Broadband Commission and a board member of the Health and Healthcare System Initiative at the World Economic Forum. Vikas Khanna, Chef Another proud alumnus at MAHE is Vikas Khanna, a world-renowned, award winning Michelin star chef. He graduated with a degree in Hotel Management from Welcomgroup Graduate School of Hotel Administration. A chef and an author, in 2018, he launched his most ambitious project- Museum of Culinary Arts, which showcases India’s rich cultural heritage and diversity through kitchen equipment. Nithya Menen, Actor Born to a Malayali family, Nithya Menon is a pan-Indian actor, who predominantly works for the South film industry. She pursued her master’s in journalism from Manipal Academy of Higher Education (MAHE). She entered the film industry at the age of 10 as a child artist. Today, she is a prominent actor, having featured in films across several Indian languages. MAHE takes pride in the fact that its alumni have made it to places and are recognized worldwide. If you too want to pursue your dream degree, then MAHE can be the right place for you. MAHE is one of India’s leading academic and research institutions and is a name to reckon with in the global education space. Moreover, you can get access to MAHE’s online degrees, which are so convenient, and you can study from the comfort of your home. You can explore specially crafted online degrees offered by MAHE on the Online Manipal website. Why MAHE MAHE, which is an Institute of Eminence, offers world class online education across diverse streams. It offers degrees with in-demand specializations and electives that turn students into ethical professionals in their chosen field. World renowned pedagogy The MAHE way of teaching includes real-world focus and an innovative approach to learning. Learners are given utmost importance and are trained to overcome challenges in the workspace. Invaluable mentorship Students at MAHE learn from expert faculty and dedicated course mentors who are vastly experienced. They set higher goals for their learners to achieve and train them to become outstanding students. Next-gen learning platform With MAHE, learners can get access to a new-age learning platform, where students can study online without any hassle. Notable alumni As mentioned earlier in the blog, MAHE’s alumni are world renowned leaders in their fields. MAHE alumni are spread globally, and online learning students can network with them and build connections during and after their degree program. The Online Manipal advantage You can find MAHE’s online programs on the https://stg-onlinemanipalnew-staging.kinsta.cloud/ website. A platform that makes online learning more interactive, these degree courses are specially designed for learners’ convenience. Empowered education The course syllabus is designed by industry experts and includes the latest trends to keep the learner updated. These online degrees are recognized globally and nationally. Moreover, MAHE’s degrees are NAAC A++ accredited. Learn at your pace With Online Manipal, you can learn at your own pace without altering your daily routine, and study anywhere, anytime. You can attend live lectures and in case you miss them, recorded lectures are accessible at any time. The digital learning platform can be accessed even on low bandwidth. Integrated LMS With Online Manipal, learners can interact with peers and faculty through an integrated learning management system (LMS). Students can access 1000+ hours of cutting-edge tutorials, online quizzes and practice tests. They can write secure, remote proctored semester exams online. Placement assistance In the final semester, students also receive placement assistance and guidance to build effective resumes and ace interviews. The placement cell aims to uplift the employability of learners interested in finding career opportunities. With an extensive network of alumni and leading companies, students are guided to find jobs that best suit them. Online Manipal gives access to comprehensive online master’s programs and professional certifications offered by Manipal Academy of Higher Education. Online Manipal also offers easy financing options with no-cost EMIs so that cost is not a barrier for learners. Also, attractive scholarships are available for government employees, differently abled persons and defense personnel.
Important skills recruiters look for a data analyst profile Key takeaways: Data analysts are in high demand as data quantities grow at an accelerating rate. As a data analyst, your major responsibility will be to work with your company to detect problems and use data to provide solutions for better decision-making. For survival, growth, and to keep one step ahead of the competition, companies are becoming increasingly dependent on the expertise of data analysts. Every year, there is a larger need than availability for data scientists and analysts to fill these positions. All the required important skills for a data analyst should be mentioned in the resume. They can test several outcomes to determine which would be best for the organization, in addition to extracting and analyzing information to ensure the appropriate course is taken. A data analyst analyzes data and provides insights using technical expertise. They collect and analyze enormous, well-organized, and poorly-organized data sets. Before leveraging the knowledge to develop workable solutions for organizations, this profession uses its arithmetic, statistics, and computer science expertise to analyze vast amounts of data. It focuses on looking into the information’s source, finding its patterns, and finally making it useful for enterprises. Here are some of the important skills for data analyst must have. Most in-demand skills for a data analyst role Although there are more prospects for careers in data analysis, there aren’t enough data analysts with the requisite skills. The various skills needed by data analysts are discussed below. Data exploration Although it may seem odd to include “data analysis” in a list of important data analyst skills, analysis as a specialized skill is essential. Data analysis, in its most basic form, entails taking a business question or a requirement and evaluating pertinent data to create a response to that question. Another sort of analysis is data exploration. Data exploration seeks out interesting patterns or relationships in the data that can be useful for business. An exploratory process could be mostly unguided or guided by a business question. By looking for trends in the data, you can find a solution for the organization to reduce expenses or increase sales. Hold on to programming languages for analytics Excel cannot do complex analysis, but statistical programming languages like R or Python can. You can clean, analyze, and visualize massive data sets more effectively if you can develop programs in these languages. It is one of the most essential important skills for a data analyst. The ideal language for data analysis is a subject of some discussion. Both languages are capable of doing comparable data analysis jobs. Python is the more well-known of the two and is typically simpler to learn, even though R was created expressly for analytics. Knowing SQL enables you to query, arrange, and update data stored in relational databases and change data structures (schema). The essential skill to learn to get a job is probably SQL because practically all data analysts will need to utilize it to retrieve data from a company’s database. Probability and statistics Statistics and probability are vital data analyst skills. This information will direct your investigation and exploration and aid in interpreting the data. Depending on the requirements of your specific profession and the data you have dealing with, a different level of statistical knowledge may be required. A strong understanding of statistics and probability will enable you to: Produce reliable and accurate findings. Determine the data’s trends and patterns. Avoid biases, false premises, and logical flaws in your analysis. You will need a far more thorough understanding of these topics than you would normally require if your company relies on probabilistic analysis. Data management Data management is the method of gathering, organizing, and keeping data in a way that is effective, secure, and economical. Data analysts frequently manage data in some way, even though some organizations will have jobs such as data architects and engineers, database administrators, and information security analysts. Data management systems are utilized differently by various companies. It can be beneficial to thoroughly understand how databases function in physical and cloud contexts as you build your skill set. Data visualization Making patterns and trends in data clear is a part of data visualization. Most people will understand a chart or graph more quickly than a spreadsheet because humans are primarily visual. This entails producing organized, visually appealing charts that will aid others in comprehending your findings. It also entails avoiding practices that can be deceptive, such as changing axis values, or that are not easy to comprehend, such as pie charts. Data visualization is a crucial data analyst skill because it is quite difficult to find a data science position that doesn’t involve it. Problem-solving You encounter problems, defects, and barriers daily as a data analyst. Another essential skill for a data analyst is working your way out of problems. Strong problem-solving skills will always be a huge asset for any data analyst, regardless of the complexity. To become a data analyst professional, one needs to be able to manage complexity. When necessary, one must make sure one can come up with original ideas and create solutions that work. Breaking the challenges into different sections and organizing them may help you overcome obstacles in generating any solution that calls for clarity in data science concepts. These are some probable consequences – You could be using insufficient data. You might need to do some analysis on a bug in the program or coding language you are using. To fulfill a challenging deadline, you might need to conduct adequate analysis. It is possible that your business’s resource limitations compel you to think creatively about how you solve problems. Communication skills A data analyst must explain complex ideas using simple language and clear examples. This skill may be useful in negotiations and persuasion when attending a meeting. You have effectively communicated if a non-technical data user can understand the general idea of what you are saying. This is one of the most important data analyst roles and responsibilities in a resume. Data analysts conduct descriptive, predictive, and actionable insights to investigate, assess, and communicate data discoveries. They may effectively communicate their views to everyone in attendance by using their communication abilities to provide pertinent background. How to improve your data analyst skills? There can be more skills that certain employers want that aren’t on this list. The focus was on identifying the abilities that most data analyst professions demand to create the optimal data analyst learning pathways for students. These are some suggestions that will help you strengthen your data analysis skills. Know the meaning of analytical abilities Begin with a distinct structure Determine which analytical tools can be useful Find suggestions and innovative methods to grow Concentrate on the analytical abilities necessary for the project It may be challenging to work as a data analyst but the correct course to earn your desired degree is a significant choice. If you want to work as a data analyst, you should enroll in the Manipal Academy of Higher Education’s (MAHE) online M.Sc. in Data Science program available on the Online Manipal website. What does a data analyst’s resume look like? As a data analyst, remember to update your resume as you add new skills to your toolbox. Mention a skills section where you identify your best five data analysis skills in a bulleted list. Be ready to discuss any skills mentioned in your resume throughout your interview. Additionally, it makes sense to apply your skills in the right situation. Try to include a line describing how you used a certain skill to accomplish a task when you include data analysis projects or past responsibilities (for example, “Wrote a Python script to scrape data using the official Twitter API” or “used Tableau to show product sales over time”). You can use the following pattern to write your entry-level data analyst resume – Professional summary Education Certification Skills (Example – Communication | Mathematics |SQL | Attention to detail | Python) Experience Final word Use real-world data to refine your machine learning, predictive modeling, statistics, and big data analytics skills. Learn how to establish a team, develop tactical and strategic recommendations, and execute them. Data will be essential to the operation of the company in the future. By integrating data analytics tools, companies can predict future growth, identify potential issues, and create successful plans.Online Manipal’s MSc in Data Science program will prepare you to master key big data concepts and implement its numerous services offered by the best industry experts. If you have been considering learning some important skills as a data analyst, enroll today!
How to become a financial manager India’s financial services industry has grown enormously over the years due to its burgeoning stature as one of the world’s fastest-developing economies. This field has several facets and offers a variety of job prospects in various roles according to an individual’s unique skills and interests. Financial managers are in charge of an organization’s financial operations. They oversee accounting staff, create financial reports, and examine data on business performance. These experts offer senior management budgeting, investment advice, and techniques to increase profit while minimizing expenditures. Financial managers are sought across a multitude of sectors, including banking, asset management, insurance, healthcare, educational technology, and others. You might be keen to work as a financial manager if you’re inclined to a finance-related career. You can succeed in this field and have job satisfaction if you have the correct blend of knowledge, experience, and competencies. It’s crucial to understand the stages involved in becoming a financial manager for an organization so you can plan how to pursue a career in this field. Roles and responsibilities of a financial manager Financial managers are considered essential personnel of any firm due to their direct collaboration with senior executives to assess corporate data and make decisions that maximize profitability. Most financial managers hold leadership positions; thus, it’s typical for them to be in charge of a team in charge of budgeting and financial reporting. Since they interact with legal departments, financial managers must have a firm grasp of tax legislation and financial regulation on a federal and state level. Skills required for a financial manager Financial managers have diverse responsibilities; therefore, they need to be equipped with the right skills to execute them. To rise to more managerial levels, financial managers will require the essential skill sets in addition to their familiarity with numbers: Communication abilities Analytical skills Organizational skills Paying close attention to the minor details Solid knowledge of international finance Management and leadership Financial analysis Data gathering Financial reporting You can also read B.Com final year project topics and ideas. Salary of a financial manager The organization’s type, financial holdings, and geographic region influence a financial manager’s salary. The average salary for a finance manager in India ranges between ₹3.5 lakhs (for entry-level professionals) to ₹30 lakhs (for senior professionals), with an average annual salary of ₹13.0 Lakhs. Steps to become a financial manager Before you can get the job, there are a few stages you need to take, from your undergraduate and graduate degrees to any further certifications you decide to pursue. Earn a bachelor’s degree Getting a college degree in finance, management, economics, or a comparable subject is the initial step forward into a career in financial management. Skilled financial managers typically require education that fosters comprehensive financial analysis, decision-making, and technological proficiency skills. A bachelor’s degree in finance or an equivalent field like economics, accounting, or business is often required by businesses. Gain expertise in finance-related subjects Candidates may think about pursuing a degree in finance, accountancy, business management, fiscal matters, or a similar field to work as a financial manager. They can investigate their credential alternatives at the university or college that most closely matches their preferences. After that, students can gain expertise in one of these fields, which will help them stand out from other up-and-coming applicants in the eyes of hiring managers and give them a better sense of preparedness for their chosen vocation. Acquire the essential skills Practitioners in financial services and accounting require a variety of talents, from an aptitude for mathematics to a command of fintech concepts and tools. Enroll in a community college or online course to learn the essential skills, notions, and current financial patterns. Take on diverse roles within the team to develop and perfect new skills. Your knowledge will be put to use, and you’ll also get a fresh perspective. Pursue relevant certifications Certifications are an excellent way to let recruiting managers understand you have the skills to succeed in the position to obtain certifications. There are several certifications you can obtain in this area, but some of the more well-known are as follows: Chartered financial analyst (CFA) Certified public accountant (CPA) Certified treasury professional (CTP) Learn more regarding the prerequisites to take the examination and what career trajectory the certification best supports before deciding which one to pursue. Consider an internship to gain hands-on experience A further key stage to becoming a financial manager is gaining considerable practical experience. An individual can begin by working in finance at a company while pursuing a career as a financial manager, regardless of whether they step in as a bank worker or are a member of an organization’s trade receivables division. Candidates may also consider working in insurance discussions as guarantors, credit authorities, budgetary examiners, or private finance advisors. Relevant training not only helps you achieve certification criteria but also helps you get ready for the job you seek. Pursue an online B.Com degree from MUJ Online B.Com degree offered by Manipal University Jaipur, through Online Manipal, combines the most recent advancements in business management with some of India’s top academicians to help you thrive in a variety of professional paths and pave your way ahead for a career in finance. It offers excellent mentoring, and the faculty here enhances the value of real-world knowledge so you may confidently forge your route to success. You can learn at your speed while attending live or recorded courses wherever you are. To know more, you can check out B.Com course details: All you need to know Conclusion A career in finance earns social esteem and offers rapid career advancement based on achievements. The country’s financial inclusivity and technical enhancement have widened the financial system’s resource base, which has greatly increased the possibilities for qualified professionals. Financial managers must have their leadership and interpersonal abilities by pursuing an online MBA in Finance. This master’s degree will give you the necessary career boost needed to enter finance roles.
Why choose an MBA in BFSI There is a growing trend for MBA in Banking and Finance in top business schools. Professionals with knowledge in banking, finance, and insurance management are in high demand year after year. India’s banking, Finance, and Insurance sector is multiplying. It is poised to realize its full potential as one of the world’s fastest and most significant economies. Thus, banking and finance managers with expertise in the BFSI industry are increasingly in demand to function in this challenging environment. Please continue reading to learn more about MBA in BFSI, its advantages, and salary in India. What is BFSI? MBA in Banking, Financial Services, and Insurance combine economics with banking and Finance. As a result of focusing on it, students get a detailed knowledge of a wide range of economic subjects, such as Finance, financial intermediation, financial decision-making, asset and liability management, financial markets and institutions, and accounting. MBA in BFSI assists individuals or groups with financial solutions based on their product requirements. Why choose an MBA in BFSI? Any organization’s core function is banking and finance; private and public sectors constantly need this service. Hence, MBA programs in banking and finance are highly valued worldwide. You can start an exciting career in the BFSI industry by earning an MBA in Banking, Financial Service & Insurance (BFSI). Depending on the skills and excellence of fresh MBA graduates, this industry offers a variety of job opportunities. MBA in BFSI Course Overview You will study various subjects during the MBA BFSI program that will prepare you for working in banks as a manager and in related positions. Knowing the syllabus allows you to determine whether the program suits you. Here are the subjects covered in this program. Principles and Practices of Management Accounting for Managers Communication Management Principles & Practices of Banking Economics for Managers Financial Management Insurance Management Insurance Product Marketing Management Marketing Information System Banking & Insurance Management Merchant Banking & Financial Services Statistics for Management Organizational Behavior Team Management Strategic Credit Management Legal Aspect of Banking Treasury & Risk Management Resource Mobilization and Marketing of Banking Services Counter Operations, Savings Bank, Current Account, and Remittances Retail Insurance Management or Advance Technology in Banking Fundamentals of Infrastructure Project Financing Corporate Insurance Management Mutual Funds and Portfolio Management Listed below are some learning outcomes: In-depth knowledge of the BFSI industry Hands-on experience with the Finacle Core Banking Solution Develop skills through fieldwork and on-the-job training Utilize learnings to advance to a leadership position Advantages of pursuing an MBA in BFSI Pursuing an MBA in BFSI benefits you in the following ways. High growth industry: With a compound annual growth rate (CAGR) of 26.5%, the worldwide open banking industry is anticipated to increase from $15.13 billion in 2021 to $19.14 billion in 2022. Job security: Insurance, banking, and other financial services stay if people save, acquire credit, drive cars, own homes, and operate businesses. Salary levels: The average salary for MBA BFSI graduates is INR 6.96 LPA. Globally, salary levels in this sector are considerably high. Flexible work: Unlike many jobs, Insurance does not involve sitting behind a desk all day. Insurance, A multi-bagger opportunity: Urban areas are more likely to have insurance penetration than semi-urban and rural areas. Unlike protection or hedge products, Insurance is a primary savings tool in Tier 3 cities and some urban areas. According to an Economic Times report, due to increasing awareness of its importance, it can grow between 15 and 20% in the next few years. Want to pursue a career in Banking or Finance? Upon completing an MBA in BFSI, you will be competent to work for various businesses, such as banks, corporations, and investment firms. An MBA in banking and financial services can provide you with the following benefits: Business and finance disciplines provide knowledge and skills you can use in the workplace. Through it, students establish foundations, acquire theoretical and practical knowledge, and gain an understanding of local and global economies, Insurance, investment strategies, mergers and acquisitions, and business hazards. Most courses will teach Finance, investing, and banking issues. Economic theory, statistics, leadership, strategy, and accounting are all part of the MBA in Finance program. You may choose from disciplines such as International Finance, Taxation, Financial Statement Reporting and Analysis, Investment Management, Tax Planning, Insurance Management, etc. You can get a higher salary when you gain experience in the banking, Finance, and insurance sectors. Career options after an MBA in BFSI After completing an MBA in BFSI, you can start your career in the following roles. 1. Chief Financial officer: CFOs are responsible for managing all finance-related tasks of an organization, including planning and implementing day-to-day financial operations. Additionally, they handle business planning, budgeting, forecasting, and negotiating based on the organization’s finances. 2. Financial Consultant: In addition to forecasting costs and revenues, the Financial Consultant analyzes financial plan risks and evaluates capital expansion options (such as funding or loans.) 3. Investment Banker: The role of an investment banker is to advise clients and help them invest in capital markets to gain lucrative returns. In most cases, investment bankers issue debt or sell equity in companies according to the needs of their clients. Furthermore, they advise clients on various investment opportunities, such as derivatives, and assist them with mergers and acquisitions. 4. Finance Manager: A financial manager is responsible for all financial functions in an organization. Ensure that the funds are utilized efficiently by maintaining the farsightedness of the person in charge. Actions taken by them directly affect profitability, growth, and goodwill. Financial managers perform the following functions: Raising Funds Allocating Funds Profit Planning Market knowledge and understanding 5. Credit Manager: The following are a credit manager’s responsibilities: To manage and oversee the credit granting process, Apply credit policies, To monitor the company’s customers’ credit at regular intervals, and To determine whether a potential customer is creditworthy. Managing credit and bad debt is the main objective of a credit manager and specialist. 6. Insurance and Risk Manager: A risk manager is responsible for drawing up insurance budgets, paying invoices, and managing ongoing claims. A claim examiner is also responsible for thoroughly studying insurance claims and analyzing potential pitfalls. 7. Financial Analyst: Analyzing results, checking variances, recognizing trends, and advising management on the steps to propel the company forward are the tasks of a financial analyst. In addition, they must study and analyze the data, conduct a comparative analysis, and propose changes to the company’s financial plans. 8. Accounting Manager: Management of a firm’s accounting department is an accounting manager’s responsibility. A financial report or accounting statement is created and maintained by analyzing incoming data. Furthermore, accounting managers enforce accurate accounting methods, introduce policies, and adhere to accounting standards. Don’t believe in everything you hear from others; check out the common myths debunked about opting for an online degree. Choose Online Manipal Enroll in the UGC-approved online MBA BFSI program from Manipal University Jaipur through Online Manipal to launch your career in this domain. Learning from top professors online or through live classes can be done whenever and wherever you choose. The MBA BFSI program will help you develop extensive skills that will assist you in dealing with complex financial problems.
Difference between B2B, B2C, and D2C Key takeaways: E-commerce has influenced the buying behavior of consumers and business revenue models. Retail e-commerce models include B2B, D2C, and B2C. They are sometimes referred to as the traditional eCommerce business models. Each model comes with its own set of challenges and advantages. However, a few companies can operate in more than one model simultaneously. What is a B2B business model? The full form of B2B is business-to-business. B2B is a transaction between two business entities (the seller and the buyer). This is a good model for companies that sell their products and services to an intermediary before they reach the final consumer. This is the chain from the producer to the retailer to the final customer. This is known as the chain of commerce distribution. This is the best model for merchants selling bulk goods. Advantages of B2B Increased efficiency: When companies get to know each other as buyers and sellers, they can work more efficiently. Sharing resources: It is possible to make each other more money or do better with their resources. This could include collaboration in promotion, transportation of goods, or operational synergies. Potential cost reduction: If companies can build good relationships with other firms, they don’t need to spend as much on marketing. A good relationship with the seller can result in a lower price for the product. Examples of B2B businesses India has many B2B companies: IndiaMart Udaan Bizongo Infra.Market Elasticrun Buy Now OfBusiness Eworldtrade Bijnis Vendor Infra What is a B2C business model? This model is unique to e-commerce business owners and store owners. B2C does not have a retailer or intermediary, allowing them to sell many goods. B2C allows them to expand their options. That’s why it is the best model of all. The final consumer buys goods and services directly from the manufacturer. Advantages of B2C B2C is the most widely used business model in the world. Some advantages are: B2C has a broader reach and scale: You can expand your reach and add new brands and products to your sales channel. B2C businesses are more flexible than D2C models. Omni Channel Distribution: B2C companies can sell products through multiple channels such as retail outlets, online shops, social media channels, or eCommerce sites like Amazon and Flipkart. B2C models have better customer insights: They can target customers based on buying patterns and customer preferences. B2C businesses can cross-sell and upsell to their existing clients. Lower prices: The B2C model allows for lower overhead costs, such as rents and staffing. This ultimately results in lower prices. The business’s profitability is further enhanced by digital marketing and online sales channels. Increased accessibility: Customers can purchase products through multiple online, retail, and social media channels. Customers can purchase the product anywhere, anytime. This further increases sale. Examples of B2C businesses Nearly every shop in your area follows a B2C example. It can include both service and trading. These are the top B2C companies in India. Hindustan Unilever Dabur Flipkart Croma Reliance Digital DMart Difference between B2B and B2C Here is the difference between B2B and B2C: B2BB2CStands for business to businessStands for business to consumerHave to consult with multiple departmentsOnly have to consider themselvesBuyers have a wider perspective, therefore they invest more time in their research and sourcing processes. Customers are more likely to make emotional or impulsive purchases.Customers typically repurchase goods and services, therefore organizations must account for the protracted consumer cycle. Customers generally purchase a product only once.Since they are buying on behalf of entire enterprises, B2B customers have a more limited scope than B2C clients.B2C customers make purchases for personal or family use.Heavy research is done before approaching any firm.Little bit of research, mouth publicity, or advertisements are enough. What is a D2C business model? A D2C model allows for direct business with customers and facilitates transactions. It is similar to B2C in that it involves both the producer and the end consumer. D2C allows your company only to sell its product and brand. The business is run with an entrepreneurial mindset. Advantages of the D2C India’s D2C market is expected to reach $100 billion by 2025. The D2C business model in India is expanding at an alarming rate. There are good reasons. Few mediators-lower profit-higher price: Brands pay more overhead using intermediaries like wholesalers, distributors, and retailers. D2C is a business model that allows manufacturers to sell directly to consumers without needing a wholesaler or reseller. This reduces the selling cost and increases the company’s net margin. Greater control over brand value and vision: D2C businesses can market their products and sell them on their terms. It can rely on something other than opinions from distributors or retailers to present and sell its products. A company can see its sales channels and determine what is required to increase sales. Valuable customer insights: D2C companies have the best assets in customer data and insights. D2C companies collect valuable information such as contact information, demographics, and buying patterns. These data allow companies to cross-sell, upsell and resell products to existing customers and strategically target new markets. Improved customer service and brand loyalty: Companies directly connected to customers can offer personalized service for returns, repairs, or other questions. Customers trust brands because they are directly responsible for their products and how they function. This trust encourages customers to remain loyal to a brand over time. Examples of D2C businesses India has experienced growing D2C business models in the past few years. D2C companies aren’t limited to smartphones and gadgets. The value of eyeglass manufacturer Lenskart, founded in 2021, was $4.5 billion. Nykaa, a cosmetic brand, became India’s first D2C company to go public. D2C companies quickly grew in India as Indian consumers shifted to online shopping. This was due to their excellent customer service and low prices. These are the top D2C companies in India. Lenskart boAt Patanjali Mamaearth Sugar Cosmetics Xiaomi realme Conclusion The major difference between B2B and B2C is that the B2B model is suitable for companies that sell their services or products to other corporations that are intermediate customers. B2C is the most common model for online mercantilism. This includes all companies that sell products or services to customers. D2C businesses can be called B2C. D2C brands sell their products, while B2C brands may sell entirely different brands. D2C removes the barriers between the producer/shopper and allows the producer to have greater control over their production, marketing, and name. You now know the most common e-commerce models and the difference between B2B and D2C, as well as between B2B and B2C. If you want to pursue a degree in business management, look no further than Online Manipal. You can obtain a UGC-entitled degree from top universities including Manipal University Jaipur, Manipal Academy of Higher Education and T. A. Pain Management Institute. Check the website and enroll now!
How to become a web designer in 2023 Web designing is the process of creating websites and web pages. It involves many tasks, including planning, designing, coding, testing, and maintaining websites. At the base level, it requires an understanding of HTML (HyperText Markup Language), CSS (Cascading Style Sheets), JavaScript, and server-side technologies like PHP or ASP.NET for dynamic content generation. Web designers use various applications to create sites and web pages, such as Adobe Dreamweaver or Microsoft Expression Web software programs that allow them to design their own site templates from scratch or by modifying existing templates. The web designer jobs market has been steadily growing since the Internet became popular because many people want a professional-looking website for their business rather than using free website builders, which often don’t look very good. What does a web designer do? Web designers are responsible for creating and designing websites using various tools and techniques. In order to create a website, web designers use HTML (Hypertext Markup Language), CSS (Cascading Style Sheets), and JavaScript. Web designers also use various tools such as Adobe Photoshop or Sketch to design web pages. Web designers must be creative and innovative because they need to develop unique ideas for their client’s websites. They must also be good at problem-solving, as many challenges may arise while designing a website, like content management systems not working properly on mobile devices, etc. So, is web designing a good career option? Definitely, yes! Salary of Web Designer in India Web designer salary in India ranges more than INR 6 Lakhs at fresher level per annum. If you’re exceptionally skillful or very experienced, your salary will be on the higher end. Web designers work in a variety of industries, including Advertising agencies Internet service providers (ISPs) Marketing Companies Corporate communications/public relations firms Skills Required for a Web Designer You need to possess some essential skills to become a web designer. HTML, CSS, and JavaScript are the core skills required to become a web designer. You need to know how to make websites look good and function well. Perl/PHP/Python/Ruby: These are also commonly used for creating complex databases with secure authentication systems so only authorized people can access them appropriately through their own accounts with different permissions depending on what they’re allowed or not allowed access to. JavaScript: This is a programming language used for front-end development, and it’s also used for making websites more interactive. It allows you to create animations, forms, and other things that make your website more engaging for the user. C: This is a programming language used for building games. It’s also used for creating apps, programs, and websites. It’s a highly-capable language that can be used to create anything from simple applications to complex games. C#: This is another programming language that is used for both front-end development and back-end development. It’s generally used for building websites, but it is also used for making apps or games. Steps to become a successful web designer Earn a BCA or MCA To become a web designer, you need to have a bachelor’s degree or a master’s in computer applications. If you have a passion for designing, then after completing your graduation, you can pursue this career option. However, if your focus is on programming, then it would be better to pursue post-graduate courses and then look for web designer jobs as a senior web designer or junior web designer with a diploma in web design. A degree program in computer science or computer applications will prepare you for a career in web design. Depending on whether you want to work with web browsers or smartphones and tablets, you can choose to focus on web applications or mobile apps. Familiarize yourself with theoretical concepts A web designer is a person who is responsible for designing and programming a website. To become a good web designer, you need to understand the importance of HTML, CSS, and JavaScript. It helps if you know about responsive and adaptive design, SEO (search engine optimization), etc. Develop essential web designing skills You should have a good knowledge of HTML and CSS. The importance of HTML and CSS cannot be emphasized enough in web design. They help you create your website’s structure, styling, navigation bars, and other elements fundamental to developing an appealing website. JavaScript is another important tool for creating interactive websites. It helps you develop interactive features like drop-down menus, fill forms, etc., which are essential for creating effective user interfaces (UI). PHP is also required in order to develop dynamic websites that can be accessed by search engines such as Google, Bing, and Yahoo. Some professionals may also consider opting for an online MCA program from Manipal University Jaipur through Online Manipal. Find MCA course details here. Create a website to get hands-on experience Now that you have learned about all the basic web design concepts, it’s time to put your knowledge into practice. If you are serious about becoming a professional web designer and will work hard on improving your skills, then here is what you should do next: Ensure you are competent in HTML and CSS before creating any websites. You don’t want to waste time or energy learning how to code from scratch when so many tutorials are available online for free. After completing these courses and building up some confidence, create a personal webpage using Wix or one of the other platforms mentioned above (or even WordPress). This step will help you understand how websites work behind the scenes and give an idea of what goes into making them functional. This is also an excellent way of testing out different themes/styles while learning how each component works together. Build a strong web design portfolio Once you have the technical skills, it’s time to build a strong web design portfolio. And if you’re serious about becoming a web designer, getting hands-on experience and building your own website is important. Even if you don’t consider yourself artistic or creative, plenty of tools allow non-designers to create their own websites and portfolios. Once you have a website built for yourself or for clients, it’s time to start building your portfolio. You can do this by adding screenshots from past projects as well as links to where those projects live online. Try uploading video footage of yourself working through different steps in creating a site so that potential employers will know not just what skill sets but also the thought process behind them too. Building a strong portfolio is key to getting hired by companies that need quality work done fast – so make sure yours isn’t lacking anything significant before applying anywhere else. Enroll with Online Manipal If you are looking for an online BCA or an online MCA, look no further than Online Manipal. You can obtain an online BCA or online MCA from Manipal University Jaipur and fulfill your web designing dream. Conclusion Though the career of a web designer is very demanding and challenging; it is also rewarding. Web designers have an opportunity to work with some great companies and clients. And if you like challenges and have an eye for design, this job is perfect for you. If you’re still not sure about which course to opt for, do check out the 10 reasons you should enroll for an online BCA degree course.
Top career options after MA in Journalism & Mass Communication A Master’s in Journalism and Mass Communication (JMC) is a two-year postgraduate course that is designed to prepare students for careers in media, journalism and communication. Aspiring journalists who have completed their graduation can opt for this course to get trained in various techniques of reporting, writing, editing and broadcasting. After completing the MA JMC course successfully and getting good grades, you can move on to pursue higher studies like doctoral programs, or take up roles as an editor at a newspaper or magazine or even start your own publishing company. You can also check out Journalism and Mass Communication as a career in India. Why should you do a master’s in journalism and mass communication? There are many reasons why you should pursue a master’s degree in this field. One of them is that getting a master’s degree will help you get better mass communication jobs and also improve your chances of getting into top companies. If you want to be a successful journalist or editor, then it is important that you have the best education possible so that you can be competitive with other potential candidates. One of the reasons why you should pursue a master’s degree in journalism is that it will help you get better job opportunities in mass communication. You may be able to find some entry-level positions with only an undergraduate degree, but if you want to go far in this field, then getting a master’s degree is absolutely essential. High-paying job roles for MA JMC aspirants In today’s competitive world, most employers and recruiters want to hire people with advanced degrees. Let’s check some mass communication and journalism career options: Director of communications There are many career options for you after MA JMC. One of the best ones is the role of Director of Communications, which entails managing communication strategies and campaigns. The average salary of a Director of Communications is around ₹ 32.5 LPA. Public relations manager A public relations manager is responsible for maintaining good relationships with the media, companies, and other organizations. They also give advice on how to manage situations that will impact their company’s reputation. A successful public relations officer must also be able to think strategically about how information can be used to benefit their organization in the long term. The average salary of a Public relations manager is around INR 7.5 LPA. Media planner A media planner can be a part of an advertising agency or marketing firm and get paid to come up with a strategy based on the client’s brief. They need to understand the client’s business objectives and then work out how best to achieve them through different media channels such as TV, print, radio etc. The average salary of a Media planner is around INR 4.2 LPA. Social media manager Social media managers are responsible for creating and maintaining a company’s social media presence. They can work with the creative team to develop a company’s social media strategy and identify which platforms are best for reaching their audience. They are also responsible for measuring the success of this strategy by analyzing metrics such as engagement, impressions, and click-through rates. The average salary of a Social media manager in India is around INR 4.8 LPA. TV producer A TV producer is responsible for the production of television programs. They manage budgets and timelines, and they hire writers, directors and actors to work on their shows. They work with the channel to market the show as well as distribute it. The average salary of a TV producer is around INR 9.5 LPA. Filmmaker As a filmmaker, you will be required to create content for television and digital media. You will also be required to make advertisements that are visually appealing and persuasive in nature. As a filmmaker, you need to have creativity, a good understanding of the audience and also the ability to work under pressure. The average salary of a Filmmaker is around INR 4.2 LPA. Event manager Event managers are responsible for planning and organizing events. They manage budgets, resources, and vendors to ensure that their clients’ events go off without a hitch. Event managers set up venues and catering options; coordinate with volunteers; handle logistics such as transportation, security, and parking; work with sponsors to attract attendees, and manage the event timeline. The average salary of an Event manager is around INR 4.0 LPA. Digital Marketer Digital marketing is the process of promoting a product or service using digital channels and technologies, such as social media, search engine optimization and e-commerce. Digital marketers use a variety of tools and techniques to accomplish their goals. If you’ve got excellent communication skills, leadership qualities and keen business acumen paired with a passion for innovation, then this could be the right career option for you. The average salary of a Digital Marketer is around INR 7.2 LPA. Secure a top-paying job with an online MA JMC from Manipal University Jaipur You can secure a top-paying job with an online MA JMC from Manipal University Jaipur, through Online Manipal. This university is the oldest journalism school in India and has a good reputation for its journalism courses. In fact, most of the students get placed in top media organizations after completing their courses at MUJ. So if you want to pursue your career as a journalist or even become an anchor person or scriptwriter, then this is the right place for you!
Can I do MBA in Operations Management after B.Com? Key takeaways: An MBA in operations management can help you get the necessary skills to land some of the most well-paying jobs across industries. You can pursue an MBA after completing your bachelors in any stream. Online Manipal allows you to complete your MBA course with online live lectures at your home. Operations management deals with the development, launch, and management of the products/services sold by an organization. It is a vital part of any organization, and its scope and career prospects are wide. An MBA in operations management is desirable for professionals considering the value it adds to their careers. This program involves training the employees to handle multiple aspects of a business, such as production and manufacturing, services, etc. Can I pursue an MBA after B.Com? An individual with a bachelor’s degree in any field or discipline can take up an MBA. The score or CGPA of the individual must be 50% or above, and the degree should be from a recognized university. An MBA in operations management after a B.Com degree is a good choice, as commerce students are well-versed in business and accounting. This helps them furnish their knowledge and grasp concepts quickly and efficiently. Subjects in MBA in operations management Mentioned below is the list of subjects that MBA operations management students will study. Supply chain management– Supply chain management in operations management deals with the operations of an organization’s supply chain. It involves managing the flow of goods and finances and its whole process, from acquiring raw materials to product delivery. It can be learned as a part of operations management or as a separate subject. Project management– Project management includes dealing with all project stages, including planning, organizing, controlling, monitoring, etc. Its main focus is the achievement of goals. This subject in operations management teaches the skills required at all project stages. Services operations management– The running and management of the essential departments of an organization, such as HR, marketing, accounting, etc., is included in services operations management. It is a critical function for any industry and, thus, is an essential role to be taken up by an operations manager. This makes it an important subject in MBA. Operations research– The analytical method of solving an organization’s problems is included in operations research. Here, the managers must make significant decisions by solving problems at each process step using mathematical analysis. Enterprise resource planning– This subject in MBA in operations management teaches the students to manage the key parts of the operations, including the resources. Whether the industry deals with logistics, services, or any other industry, it requires enterprise resource planning for the smooth functioning and flow of goods and services. Top quality management– This subject includes all the tasks done by an operations manager in maintaining the quality and excellence of the processes. Here, an individual learns to ensure that the organization’s processes are of the best quality. How does an MBA in operations management help after B.Com? MBA in operations management after B.Com can help you in the following ways- Update operation management skills– You can acquire amazing new skills and learn new technology when you complete your MBA in operations management. You can learn new cost-cutting techniques to optimize resources and help your organization better. Career prospects– Whether banking, construction, retail, or manufacturing, every industry requires an operation manager, making the scope of an MBA in operations management after B.Com quite wide. Opportunities in the corporate sector– Operations managers are required in every field, including the corporate field, to manage the firm’s processes. It helps them save revenue and work efficiently within their budget while improving performance. Careers after MBA in operations management A few instances of the career options available after completing an MBA in operations management can be seen below- Logistics manager The person responsible for supervising and monitoring an organization’s logistics and operations is known as a logistics manager. After pursuing an MBA in operations management, an individual can become a logistics manager and handle the complete operations included in handling the logistics, including warehouse, transportation, customer service, etc. Operations manager The role of an operations manager revolves around the procurement and delivery of products/services. It also includes improving the organizational processes and involves key responsibilities such as planning, resource forecasting, risk management, mobilization, etc. Operations analyst An operations analyst researches and analyzes the operations of a company. Based on the findings, they help make significant decisions regarding the operations, reformulating policies, adjusting logistics, and making other requisite changes to make the operations effective and efficient. Procurement specialist The person responsible for procuring the organization’s supplies is known as the procurement specialist. They are also known as purchasing managers and are bestowed with the responsibility to acquire goods at competitive rates and suitable quality. Project manager The person in charge of managing all the tasks related to a project is known as a project manager. They are responsible for initiating the project after adequate planning and consideration and have to manage the project until its completion. All the tasks related to the project are under the purview of the project manager. Online Manipal If you are wondering where to pursue your MBA in operations management, look no further than Online Manipal. Pursue this program online from Manipal University Jaipur to get all the skills and knowledge necessary to boost your career. With live lectures, real-life examples, and practice tests, the MBA course by Online Manipal is everything you need to step up your role and get a job in a managerial position- as an operations manager.
Highest paying management jobs and how to get them Management relates to regulating a company’s operations and assets to achieve specific goals as effectively and efficiently as possible. Management positions are crucial to the operation of any firm—the responsibilities of a manager in an organization range from small-scale team management to broad responsibilities. Understanding the function of managers is essential whether you’re a seasoned manager trying to take on additional responsibility or a managerial novice. The management responsibilities extend beyond making choices that will impact every employee. It also serves as a benchmark for how managers should interact with one another and their employees, both of which impact the organization’s growth. Graduates of MBA programs are taught to see the potential for industry expansion and strive for tactics that can increase the influence of the organizations. Businesses can only succeed if the managerial department operates well, whether it be through resource allocation optimization, human resource management, fostering emerging inventions, or investing in income production. An effective manager, whether an MBA grad or someone who has learned the skills via industry experience, can make or break a company’s future. Because of this, management positions are not only readily available but also in high demand and business management job salary in India is substantial. You can also read out MBA or Business Certificate: What should you prefer? Essential skills a manager must possess A good manager performs more than just keeping an eye on projects, processes, and results; they cultivate a set of competencies that empower their employees. Leadership It is among the most crucial traits for a manager because a competent leader can inspire their team to work together toward a common objective by bringing out the best qualities in each person. Endurance, modesty, fortitude, impartiality, a sense of vision, and being a great listener are some of the most crucial leadership qualities that can be found in people who are excellent at managing a group and accomplishing objectives. Problem-solving skills There are numerous problems that managers can deal with, ranging from an issue with a production line to a conflict between coworkers. The employees will have more faith in you as a manager if you can quickly determine the appropriate course of action. Great managers anticipate risks, explore potential solutions, and choose the best course of action. Time management The key component of effective time management is determining what to focus on, prioritizing tasks, and setting reasonable deadlines for tasks to be completed. A manager’s responsibility is complex, so developing your time-management abilities will help you become a better manager. Communication A competent manager knows when to change their communication approach depending on the circumstance or the audience. Your team is more likely to accomplish tasks on schedule, achieve results, and actualize an organization’s overall vision and objectives if you’re more successful at communicating effectively. Mentorship Mentorship calls for educating, counseling, and empowering staff members. You’ll be the impetus for team members’ advancement if you hold a management role. With a wide range of experience, proficiency, and skills, a smart management expert imparts knowledge and capabilities to others. Team building Managers work in teams as both team members and team leaders. It’s crucial to understand and value what it takes to complete the task and keep the team in the forefront when making choices that impact it. Working as a team promotes understanding, creativity, efficiency, and improved morale. A good manager promotes and supports teamwork within and across the department or organization. Organizational skills It’s imperative to have strong organizational skills because managers need to balance many roles. They are required to manage their schedule, supervise the performance of the staff, participate in meeting sessions, conduct performance reviews, and evaluate corporate regulations. At this level, sloppy work habits, delays, and a generalized lack of organization aren’t acceptable and will set a bad example for your workers. Delegation The managerial skill of delegation involves allocating duties to others and giving them the power to do those tasks. Successful delegation also includes learning which individual to allocate a task to and what tasks each person already has. Effective delegation techniques increase productivity and efficiency while also encouraging teamwork and accountability. To know if an online MBA is affordable, check out An affordable online MBA that doesn’t break your bank. Some of the top management roles you can get into There are several different managerial opportunities open in the industry. You can advance into one of these roles based on your expertise, interests, and expected income. Highest paid management jobs in India are as follows: Marketing Manager Marketing-related choices and initiatives fall under the purview of marketing managers for businesses. They plan and organize marketing initiatives, manage the marketing spend, provide quality content, and assess the overall effectiveness of each campaign. Sales Manager Sales managers guide a company’s sales force by delegating responsibilities, guiding them, and establishing sales targets. Additionally, they are responsible for creating the sales staff and plans. In general, they seek to increase a company’s revenue. Financial Manager Financial managers are responsible for a corporation’s economic reporting, financial statement preparation, financial forecasting, account monitoring, and evaluating potentially profitable business possibilities. They also make sure the business is following all financial and legal standards. IT Manager An IT manager is a specialist who ensures that every staff has exposure to the technologies they require to execute their jobs, from a dependable laptop and VPN connectivity for remote employees to close collaboration with other divisions to safeguard data. They select the technology to invest in, define and evaluate departmental goals, build team workflows, and encourage collaboration throughout the organization. Public Relations Manager Public relations managers develop and direct initiatives that enhance a company’s reputation. They cultivate and uphold a positive public image for their organization or customer by publicizing initiatives, achievements, and viewpoints. Human Resource Manager Human resource management is yet another attractive career path in the business management careers list. A typical HR position comprises hiring new employees, handling employee problems, and maintaining a productive and inspiring workplace. It also involves developing external communications strategies to strengthen the company’s partnerships. Operations Manager In practically every industry, operations managers are essential members of upper-level management who ensure that the business is operating at its peak efficiency. They keep a watch on several departments inside the business, guaranteeing production and efficiency while looking for ways to cut costs. They supervise other important departmental leaders and mentor teams of workers while they accomplish their particular tasks to meet organizational objectives. Architectural and Engineering Manager Architectural and engineering managers monitor their staff, coordinate efforts, and integrate various projects. They oversee a company’s R&D teams and are responsible for tasks, including developing thorough plans for creating new designs and products, figuring out the personnel and equipment requirements, working with other teams, and recommending budgetary requirements. Management professionals’ salaries in India can vary based on their job roles, skills, experience, company and other factors. Some highest-paying management roles Marketing manager – Marketing Managers create, implement, and execute strategic marketing plans in order to attract new customers and retain existing ones. Sales manager – Sales managers are in charge of recruiting, hiring, and training new salespeople. Financial manager – Financial managers perform data analysis and advise senior managers on profit-maximizing ideas. IT manager – IT managers are in charge of organizing, planning, and leading computer-related activities in their organizations. Human resource manager – Human resources managers are in charge of planning, coordinating, and directing the administrative functions of an organization. Step into a managerial role with an online MBA degree The online MBA program offered by Manipal University Jaipur, through Online Manipal, helps you enhance your career and prepare you to deal with future workplace challenges. This UGC-approved online course offers similar value to any conventional course. Students can complete their education via online classes at their availability and convenience. Various cutting-edge electives are available for the MBA specialization from MUJ, including Finance, Marketing, HRM, Analytics & Data Science, Retail Management, BFSI, IT & FinTech, and Operations Management. You can also read, Is an MBA worth doing for a fresher without work experience? MUJ provides students with top-notch educational opportunities and prepares them for future employment. When registering for this course, students also receive free access to Coursera and more than 50,000 certifications. The duration of the online MBA program is 24 months spread over four semesters. Conclusion The choice of your educational path significantly impacts your prospective future. The demand to effectively manage businesses is growing as they expand their operations across various industries. An MBA from a respected university opens up new job opportunities for learners and working individuals who want to advance into managerial positions. Furthermore, it aids your education regarding all MBA marketing concepts, which will advance your career. Try enrolling in an online MBA program from a prestigious institution, such as Manipal University Jaipur, with your preferred specialization to give yourself an edge in this competitive industry.
