Top jobs in e-commerce E-commerce, also referred to as electronic commerce, is the trading of products and services or carrying out commercial transactions digitally via the internet. These trading or transactions can happen between business-to-business (B2B), consumer-to-consumer, business-to-consumer (B2C), or consumer-to-business. The top 10 ecommerce companies in India are – Amazon, Flipkart, Myntra, Snapdeal, FirstCry, Nykaa, BookMyShow, IndiaMART, Shopclues and MakeMyTrip. The scope of opportunities in this field is expanding rapidly, with a huge number of internet users worldwide opting for e-commerce platforms for their various needs. It is estimated that worldwide e-commerce sales will expand to $5,542 billion US Dollars by the end of 2022, according to Demand Sage reports. Thus, it will open up various lucrative careers for individuals interested in working in the e-commerce sector. Why choose a career in the e-commerce industry? Listed below are some of the reasons why you should choose a career in the e-commerce industry: E-Commerce provides various career opportunities – The e-commerce sector has seen a huge growth in the past few years, specially during the Pandemic times, since more and more people have shifted to online e-commerce platforms for their needs. Thus, there is a huge need for various skilled professionals in the sector to keep the e-commerce industry running smoothly. Allows individuals to upskill themselves – The e-commerce industry is a challenging sector to work in. Individuals working in the sector must stay updated with new trends and keep upskilling themselves to effectively manage the various processes involved. Thus, it allows individuals to develop managerial skills, which helps in their career growth. Quickening the learning curve – E-commerce provides the opportunity to test and implement new techniques and receive real-time customer feedback within a short time. It quickens the learning curve and helps professionals to figure out which strategies would work in the industry and which won’t. Improves customer and market understanding – E-commerce provides a better understanding of the market and customer needs. Customer feedback gives an insight into the customer’s minds and their needs. It helps professionals in the field to understand the market better and bring success to their organization by being more consumer-oriented. You can also read about Top companies that hire B.Com graduates. Hottest e-commerce jobs to look out for Here are some of the top ecommerce careers you can choose from according to your skills and experience: Marketing Specialist Marketing specialists are in charge of developing marketing strategies for the organization’s success. They create advertising campaigns, budget strategies, and develop other strategies to target their demographic audience. E-commerce Developer An ecommerce developer is in charge of developing e-commerce platforms according to the expectations of the consumers. They develop e-commerce websites and applications from scratch by working with various technologies. Content Specialist A content specialist is responsible for creating content for digital platforms by researching and developing content strategies. They research trending topics and create various forms of content like blogs, website content, social media content etc. Product Manager Product managers plan and execute the processes involved in a product’s lifecycle. They also curate and prioritize customer requirements for products and incorporate customer feedback to improve product quality. PPC Manager PPC managers launch and optimize PPC campaigns. They also monitor budget allocations, oversee search platform accounts, track KPIs, and create reports to improve business aspects. Retention Specialist A retention specialist communicates with customers, clients, or employees to increase loyalty towards the business and retain customers, clients and employees. They also devise solutions to help anyone having issues with the company. Operations Manager Operations Managers are in charge of overseeing operational processes at every level of a business. They hire and train new employees, manage activities, and strategize improvement plans. Job roles Average salaryMarketing Specialist₹ 6.3 LPAE-commerce Developer₹ 4.8 LPAContent Specialist₹ 4.6 LPAProduct Manager₹ 16.0 LPAPPC Manager₹ 8.5 LPARetention Specialist₹ 5.0 LPAOperations Manager₹ 7.5 LPA B.Com lays a strong foundation for your e-commerce career So, how to get a job in the ecommerce industry? The online B.Com course offered by Manipal University Jaipur lays a strong base for aspirants planning to work in the e-commerce industry. The curriculum of the program is developed by industry experts to help individuals have a clear understanding of various important commerce topics and related subjects. The online courses offered by MUJ are UGC-entitled and hold the same value as a regular course. MUJ also helps individuals land their dream jobs by providing placement assistance. The program is quite affordable compared to the on-campus program and eligible students can get scholarship opportunities too. You can also read the Advantages of a B.Com degree. Conclusion E-commerce is changing the way of buying and selling products and services with new technologies. It is bringing a huge transformation in supply chain management practices and physical retail, with distribution channels being more digitized. Thus, to land a job in the e-commerce field, it is necessary to gain the relevant knowledge and skills with a degree like B.Com.
Most popular business analytics techniques Business analytics is the process of analyzing data to make business decisions. Businesses use it to understand their customers, improve their products and services, and make smarter choices about how they spend money. Business analytics is often a combination of many different business analyst tools and techniques, including: Market research: Gathering data from customers about what they like. This can include surveys and focus groups. Data mining: Finding patterns in large data sets that can be used for future predictions about business trends or customer behavior. Data visualization: Using charts and graphs to show how the information relates to each other in visual ways that are easy for people to understand quickly at a glance (like this article!). Statistical analysis: Using math formulas to find relationships between different pieces of data so you can use them together later (like when we calculate our monthly salary). Want to know more about business analytics? Check out our blog on what is business analytics for more information. Popular Business Analytics techniques Business analytics is a field that is growing rapidly, and it’s not hard to see why. There are so many ways we can use data to help improve our businesses, and in this post, we’re going to focus on some of the most popular business analytics methods. Business Process Modeling (BPM) Business Process Modeling (BPM) is a business analysis technique that helps organizations to understand and optimize their business processes. It involves the detailed examination of a company’s processes and identifying the inefficiencies, bottlenecks, and opportunities for improvement. BPM can help you identify areas where you can make your business more efficient and productive by eliminating unnecessary steps or tasks, streamlining operations, and reducing errors. Brainstorming Brainstorming is a process that involves generating ideas through group discussion without any evaluation or criticism from other members of the group or team. It’s a great way to create new ideas or solutions for problems, especially when you’re working with people who have different perspectives than yours. The result will usually be much more innovative than anyone could come up with—hence the “wisdom of crowds” phenomenon! CATWOE (Customer, Actor, Transformation, Worldview, Owner, and Environment) The CATWOE technique creates a detailed map of the system being analyzed. This business analysis technique uses a top-down approach to analyze the design and its stakeholders. It helps you understand what is going on in your business by identifying the actors, their roles within the system, how they interact with each other, and their goals. The CATWOE technique helps understand how interactions between customers and employees affect your business strategy. By mapping out these relationships, you can identify key areas where improvement may be needed to reach your goals more quickly! Want to know how to start a career with business analytics? Check out our blog on business analytics careers for more information. MoSCoW MoSCoW (Must or Should, Could or Would) is a technique used to help businesses understand their options for changing their product or service offerings. By breaking down what needs to be done into a series of questions (“musts,” “shoulds,” etc.), you can figure out how best to proceed with your changes based on what needs to be done most urgently or efficiently—or both! MOST (Mission, Objectives, Strategies, and Tactics) Analysis The MOST analysis is a business analytics technique for understanding the current state of a company’s operations and its future goals. It can align a company’s goals with its resources and capabilities. The MOST analysis involves: Mission Statement Mission statements describe the purpose of a business or organization. They are often cultivated in scope and can be used as a guiding principle for decision-making within an organization. Objectives Objectives are specific goals an organization needs to achieve to accomplish its mission statement. They should be measurable so managers can determine whether they’ve been achieved. Strategies Strategies are specific actions an organization takes to meet its objectives. They generally involve creating an advantage over competitors or changing consumer behaviors through marketing campaigns, product development efforts, etc. Tactics Tactics are specific steps managers take to achieve their strategies; they’re often small-scale activities that support more significant initiatives within an organization (e.g., launching new products into different markets). Want to know more about the advantages of business analysis? Check out our blog on advantages of business analysis for more information. Pestle Analysis PESTLE stands for Political, Economic, Social, Technological, Legal, and Environmental factors. It is one of the business analyst tools and techniques used to analyze an industry’s external environment and its effects on the business. This analysis aims to help managers understand the competitive forces in an industry by looking at both the opportunities and threats in the marketplace. Use this information to develop strategies to take advantage of positive factors while minimizing exposure to negative ones. For PESTLE analysis to be practical, it needs to be conducted at a macro-level (overall) and a micro-level (specific). The macro-level looks at general economic or societal trends that could affect your business. The micro-level looks at particular companies within your industry or market segment. SWOT Analysis SWOT analysis is a valuable business analyst tool and skill for making strategic decisions. It can identify and analyze a company or organization’s internal strengths, weaknesses, opportunities, and threats. The analysis helps the business determine its most significant areas of opportunity and its greatest threats. It also helps the company identify its internal strengths and weaknesses that may impact its ability to compete in a given market. The SWOT analysis is an easy-to-use tool that can help you make better-informed business decisions. Want to know more detailed information on business analyst roles? Check out our blog on essential business analyst roles for more detailed information. Six Thinking Hats Six Thinking Hats is one of the business analytics methods that helps you to break down your business challenges into six perspectives. It allows you to see the problem from different angles. Edward de Bono developed these business analyst tools and techniques and published them in 1985 his book called “Thinking Hats” (1985). In this book, he talks about the six hats: White Hat, Red Hat, Black Hat, Yellow Hat, Green Hat, and Blue Hat. The six thinking hats represent: White Hat: objective, factual analysis Red Hat: emotions, feelings Black Hat: negative approach Yellow Hat: optimism Green Hat: creativity and new ideas Blue Hat: process knowledge Want to know more about the different business analytics tools? Check out our blog on essential business analyst tools for more information. The 5 Whys The 5 Whys is a business analysis technique that helps identify a problem’s root cause by asking “why” five times. It works by asking, “What happened?” followed by, “Why did it happen?” and so on until you’re eventually left with the actual root cause. For example, if a customer complains about their order being late, you’ll ask them why they think it was late and then ask why they believe it was late again. This way, you can pinpoint exactly what went wrong and then fix it. Non-Functional Requirement Analysis When you’re building software or web application, it’s not enough to make the product. You also have to ensure that your product is built in a way that allows it to be used by your customers. That means understanding their needs and expectations and ensuring that you create something that will meet those needs. Non-functional requirement analysis is one business analysis technique for doing exactly that. It involves analyzing all of the non-functional requirements for an application—things like security, scalability, performance, and usability. The idea is that if you can ensure these things are met during development, you’ll have a better product overall. Want to know more about the most asked questions about business analytics? Check out our blog on business analytics FAQs for more information. Conclusion In summary, business analytics plays a vital role in the success of any organization. It ensures that the needs of both the client and the company are met, and those goals are achieved. Business analytics is not just about writing reports; it’s about ensuring that those reports help people do their jobs better. Key takeaways: Business analysis is about finding the right solution for your company’s unique needs. When you clearly understand what your business is trying to accomplish, you can identify and prioritize those goals. Then you can develop an effective strategy to achieve them. The strategic business analysis looks at how a company should act over time to achieve its long-term goals. The tactical business analysis focuses on how to do things better every day. Operational business analysis helps teams run their day-to-day operations more effectively and efficiently. These business analysis techniques allow you to create a strategy that works for your company’s needs—growing sales or reducing costs—and execute those strategies effectively.
How emerging technology is boosting access to education in India In the last few years, we have witnessed a paradigm shift towards EdTech, and this trend is expected to further strengthen in the days to come. Digital interventions have broken one of the biggest barriers in the education sector- lack of accessibility. With rapid digitalization and over 5000 EdTech startups across the learning lifecycle, online education is taking center stage in India and worldwide. The roadblocks There are disparities in education between schools in urban areas and rural areas in India. This disparity widened during the Covid19 pandemic, when schools and educational institutes were forced to shut down. The National Achievement Survey of 2021 found that nearly half of primary school students have learning levels lower than appropriate for their grades. This issue also intensified during the pandemic. According to a 2021 World Economic Forum Paper, at least 24 million children, predominantly girls, may never return to school. Filling these gaps in education is the need of the hour in order to promote sustainable learning environments for all. Digital interventions The most prevailing issue here is the lack of accessibility to education for all. Digital learning can help narrow down the disparities in the education system and ensure education for all. Technology has proved its power across sectors, and education is no exception. Artificial intelligence There are multiple ways in which AI technology is a big boon to the EdTech industry. It helps teachers and professors tailor learning material, make learning more engaging and allows students to give feedback virtually. With AI, universities in collaboration with EdTech firms are providing personalized learning experiences, which can track students’ performances and activities in real time. Augment & Virtual Reality AR and VR technologies are making learning interactive and engaging, giving a classroom-like experience in the virtual world. The technology works by layering digital content onto a graphical representation. AR could turn an ordinary textbook into an engaging 3D experience. AI, AR and VR are a part of cutting-edge technology and innovation in the EdTech sector that help in ensuring education for all. Greater accessibility With the existing challenges of delivering inclusive learning to all, it is important to find ways to make education more accessible. This has been possible with the intervention of technology. The power of technology was witnessed during the pandemic, when online learning was the only go-to option. While the pandemic highlighted digital divide, technology infrastructures are bridging this gap across geographies and communities. Uplifting marginalized communities Integrating technology into school-level and higher education curricula is massively contributing to improving accessibility among marginalized communities across geographic locations. Technology is helping the education of children who cannot attend schools, that too from the comfort of their homes. Technology helps in educating girls, who drop out of schools in large numbers every day, due to societal norms and restrictions. Educating differently abled students One of the key benefits of technology is that it has improved accessibility to differently abled students. They can overcome the physical barrier of travelling to school or university. They can study in a comfortable environment and not drop out of school due to unavoidable circumstances. A recent report stated that a significant number of children with special needs dropped out of schools in Karnataka during the Covid19 pandemic. While the government has not conducted a survey to extract data on school dropouts by differently abled children, there is evidence. Technology can help improve access and the quality of education. For differently abled students, multimedia elements like audio, video and 3D models can be used to deliver content as it helps them grasp complex concepts. While technology is already helping improve access to education, there is a need to step up efforts to fully optimize its benefits. The government, EdTech firms and other world bodies are constantly working towards bringing technologically driven transformations in the education sector. Education 4.0 India initiative To put an end to the disparities in education in India, the World Economic Forum and the United Nations Children’s Fund (UNICEF) have joined hands to create the Education 4.0 India initiative. Meanwhile, UNICEF along with YuWaah (General Unlimited India) has been expanding educational opportunities for youth. The Education 4.0 India initiative aims to boost the efforts of the Indian government in bringing technological solutions to transform the education system. 40 partners from the education technology, government, academic and startup communities are jointly taking this initiative forward to build a robust strategy that is cost-effective and sustainable. The KINDLE initiative The Knowledge and Infromation Network for Digital Learning and Education (KINDLE) is another initiative focused on utilizing digital technologies to make education accessible to all. A joint effort by UNICEF and YuWaah, this initiative is driven by the aspirations of the National Education Policy (2020) and the National Digital Architecture of 2021. Led by path breaking EdTech firms, startups, leading educationalists and government and private sector, the initiative hopes to improve digital learning and make it sustainable. Firstly, these initiatives aim to fill the major gap identified in foundational literacy and numeracy. Secondly, the focus is on teacher professional development, to upskill and train teachers for better content delivery. The next priority area is school-to-work transition, where tech-enabled curricula will help students prepare for the highly competitive job market. These combined efforts are sure to improve access to education, quality of content delivery, and pave the way for a transformational education system in India.
Business lessons you can learn from the FIFA World Cup The FIFA World Cup tournament is an exciting affair for sports enthusiasts worldover. One of the largest sporting events, FIFA draws the attention of people from the nooks and corners of the globe and even from outer space i.e., the International Space Station. The ongoing 2022 Qatar World Cup has already made history with surprising wins and losses. The victory of Saudi Arabia over the title favorite Argentina in their first group match startled the football fans- the entire Saudi nation celebrated the surprising victory with a bash by declaring a public holiday! The legendary footballer Lionel Messi-led Argentina landed in Qatar with a record of 32 unbeatable matches in the Copa America tournament, World Cup qualifying matches, and international friendly matches. The jolt from Saudi gave new energy to the team in the next group matches to emerge as group champions and beat opponents in their later knock-out matches to reach the final. There are some significant business and management lessons one can learn from the FIFA World Cup. Business & management lessons from World Cup From organizing a global event to team management and performance, every business and management student and professional has a lot of learning opportunities from the football carnival. Learning from failures Argentina’s loss to a comparatively small team in their first match in Qatar energized the team to beat stronger teams in their latter matches. It is a big lesson for every organization and entrepreneur. There is no failure but learning. Every loss exposes your strength and weakness; it re-energizes your confidence to succeed in your subsequent efforts. Importance of teamwork England football team is a great example. Till the 2014 world cup, the team was focused on a few star-studded players. All strategies were developed around these players, but they were always unsuccessful. In 2018, coach Gareth Southgate changed the approach. He picked a bunch of young players for the 2018 and 2022 world cup, which seems to have been successful for England. Likewise, no successful business is a one-man show but a teamwork of a group of people at different levels. A synergy among members is significant for sustainable growth and achieving goals. Role of leadership: The coach and leading players are crucial to the team’s success. Their motivation inspires the entire team to play well and get positive results. This applies to every business enterprise. The CXOs and leadership must come forward to boost the morale of employees under them to achieve goals and create, retain and shape the expectations of other stakeholders like shareholders, partners, and customers. The motivation must be sustained and consistent with positive feedback and a realistic approach. Evolving strategy: Spain has been unsuccessful since their 2006 victory. The Spanish team was knocked out of the Qatar World Cup in the pre-quarter match with neighbor Morocco. Even in the group round, they lost to Japan after scoring the first goal. Adamant to the short pass tactic of the team is considered their failure. The team’s success depends on how quickly they can refine their strategy based on the opponent’s tactics. A dynamic business strategy is imperative for every organization to sustain amid challenges, especially in this VUCA world. It would be best if you refine your strategy depending on the situation. This will help you remain significant in all conditions. Review individual & team performance: Football teams constantly review the performance of individual players and analyze their contribution to the team. The potential of the individual may not reflect the team’s performance. In such a scenario, the management must find the problems and fix the shortcomings. It applies to teams in organizations too. The underperforming teams need special attention from the top management to revive their performance. The beauty of diversity: The FIFA World Cup is also the celebration of diversity. Each team is different from the others, and every team has individuals from diverse backgrounds. For example, the 2018 champion France had players of white, black, Christian, Muslim, and Arab origins, most of whom were migrants or descendants of migrants. Despite all these diversities, they played as a single unit and won the cup. There will be diversity in every organization – everyone will have diverse experiences, needs, perspectives, and skills. Giving a sense of unity is pivotal for business growth and success. Celebrate your achievements: In football, players, team staff, and fans celebrate each of their team’s goals. Even the losing team celebrates their late goals. This is a great lesson for everyone – we should not wait for the ultimate success to celebrate. Achieving each goal is essential for the ultimate victory, so you should celebrate every success despite its size and scale. Focus on training: Years of intensive training molds each player to find a position in their national team. Even though the match lasts 90 minutes, individual players and teams spend long hours in practicing and training. This helps them level up their performance in competitions. Individual-level training is essential for both employees and organizations. Professional training institutions in different domains offer cutting-edge training for employees. Either individuals or organizations can partner with these institutions. Become skill rich with online MBA program. Apart from entertainment, the FIFA World Cup offers various lessons to management and business professionals, students, and organizations. Implementing these points will enable you to achieve your goals in a systematic way. Enjoy the game!
FIFA World Cup: Interesting facts about sponsorship over the years The FIFA World Cup is a sports carnival that happens once in four years. Given the popularity and viewership, it is the largest sporting event in the world. The run-up to the football world cup starts just after the conclusion of the previous tournament. All these international matches, including the world cup, are played under the supervision of FIFA, the international football governing body, of which 211 national associations are members. Since 1930 in Uruguay, 17 countries have hosted the football world cup so far. Qatar is the host nation of the 2022 world cup, the first country in the Arab World, and the third country in Asia after Japan and South Korea jointly hosted in 2002. A total of 32 countries qualified for the World Cup after continent-wise elimination matches. The World Cup is one of the most significant international marketing platforms for companies across the globe. In a short span of time, brands can reach out to people spread over 200-plus countries. As a result, many brands are affiliating with FIFA to sponsor the event or specific teams. Industry insiders from prominent sports marketing agency wings stressed in interviews with BestMediaInfo.com that businesses with sponsorship rights are likely to experience 1.5x to 2.5x brand awareness and top-of-mind recall compared to a typical sponsorship category campaign. Interesting facts on FIFA World Cup sponsorship We have collated some exciting facts about the FIFA World Cup sponsorship. Coca-Cola is the longest-standing sponsor of FIFA World Cup Football. Though the official partnership started in 1974, the beverage giant has had stadium advertising since 1950. Adidas has been supplying match football for the world cup since 1970 The EdTech pioneer Byju’s is the first Indian brand in the FIFA World Cup Football sponsorship fray in 2022. It is one of the Official Sponsors of the sporting event in Qatar. Dairy product giant Amul is the second Indian company to be associated with the FIFA World Cup as an official sponsor of the Argentina and Portugal football teams. They’re aim is to leverage the popularity of legendary Lionel Messi of Argentina and Portugal’s Cristiano Ronaldo. In the Qatar World Cup, ten Indian brands are ‘presented by’ partners on Viacom18’s Sports18 and Jio Cinema- Mahindra, Visa, CakeZone, Black & White, AM/NS India, ET Money, Amul, intel, SBI, and Spartan Poker. Budweiser has been a World Cup sponsor since the 1986 World Cup in Mexico. But they faced a setback when Qatar banned alcohol in stadiums two days before the tournament’s commencement. Following the banning decision, the American beer company announced that they would give the unsold beers to the title winners! In 2022, FIFA added three new brands to the Official Sponsors list – Byju’s, QatarEnergy, and Crypto.com. Adidas, Coca-Cola, Wanda, Hyundai / Kia, Qatar Airways, Visa, and Qatar Energy are FIFA World Cup 2022 partners. Byju’s, Budweiser, Hisense, McDonald’s, and Vivo are the official sponsors of the 2022 World Cup. The agreement between FIFA and Qatar Airways is the largest in the airline’s history. Learn more about branding and marketing with our online MBA in marketing. Branding on jersey and kit Sponsoring teams and their kits, including jerseys, are seen as another effective branding strategy for companies in the world cup. Usually, leading sports brands collaborate with national football associations to sponsor the kits. Due to strict FIFA restrictions, branding is minimal on jerseys and shorts. Commonly, brand logos can be seen on the shorts’ right chest and left leg, though some differences exist. Till 1974, no brand display was allowed on the team jersey in the World Cup. In 1978, Argentina displayed an Adidas brand logo on its jersey prominently. Adidas has been the jersey sponsor for 134 teams since the 1974 World Cup. Nike is the second brand with 63 national teams, and Umbro sponsored 22 teams till 2014. Umbro was the sponsor of champion England in 1966, and Erima sponsored Germany in 1974, who emerged victorious in the tournament. In 1986, when the legend Diego Maradona kissed the world cup, he donned the jersey with the Gallic rooster of Le Coq Sportif. 1990 champion Germany was sponsored by Adidas, and four years later, the Umbro logo enjoyed prominence when Brazil lifted the trophy in 1994. Adidas’ iconic three strips were sported on the France jersey when Zidan magic beat defending champion in 1998. 2002 was the first time a Nike-kitted team won the World Cup. Ronaldo Rozario-led strikers beat celebrated goalkeeper Oliver Kahn’s German in 2002 in Tokyo, in the first world cup on Asian soil. Puma was the kit sponsor of Italy in 2006, and Adidas sponsored Spain in 2010 when the Iberian team lifted their first trophy. After the Adidas-sponsored German team won the world cup in 2014, the football-related sales of the Adidas brand crossed 2 billion euros. Adidas posted a 6% loss during the 2018 Russia World Cup, whereas Nike gained 4% growth. The Nike logo in the Qatar World Cup can be seen on the jerseys of 13 teams, including Brazil, England, Portugal, and France. Seven teams are associated with Adidas, and six with Puma. It may be interested to read this blog on the financial aspects of ICC World Cup Cricket. Conclusion According to a Nielsen analysis of 100 sponsorships between 2020 and 2021 in seven regions and 20 industries, the sponsorships led to an increase of 10% on average in the exposed fanbase’s purchasing intent. Therefore, World Cup sponsorship is advantageous for companies to reach a global audience and brand building.
What is the best MBA specialization for BCA graduates? India has witnessed rapid growth in the number of start-ups and entrepreneurship over the past decade. The country has established itself as the 3rd largest start-up ecosystem globally, with a 12-15% year-on-year growth. It has increased the demand for skilled professionals to help these start-ups get started in their journey and become successful. The reasons that have contributed to the growing popularity of start-ups and entrepreneurship in India are the various technological advancement, the diverse Indian market, and the availability of funding opportunities. In addition, India is also seeing a rise in the number of people opting for entrepreneurship as a career choice. It is largely due to the increasing availability of educational opportunities and training programs that cater to entrepreneurs. Additionally, there are many opportunities for growth for those who choose to become entrepreneurs in this country. Thus, individuals planning to become entrepreneurs need to gain relevant knowledge and experience, and an online MBA provides them with the proper knowledge and skills to become successful entrepreneurs. You can also read Most in-demand MBA specializations in 2022. Is doing an MBA after BCA a good choice? There are many reasons why an MBA after BCA is a good choice. Here are the top 5 reasons: Career advancement opportunities: An MBA after BCA is a great way to boost your career as it helps you get into managerial and other high-ranking roles. It allows you to work on your skills, which will help you stand out from the crowd. Moreover, you can also start your own business or become a consultant. Better and higher pay: An MBA after BCA can also help you get higher pay. Individuals pursuing an MBA degree can expect a significant rise in their salary as it equips them with skills and experience essential in the job market. Increased network: An MBA after BCA can also help you build a strong professional network and will help you land your dream job or find an investor for your business. Which is the ideal specialization after BCA? The two ideal and best MBA specializations after BCA are MBA in IT & Fintech and MBA in Information System Management. MBA in IT & Fintech is ideal because it combines IT and finance topics. It provides individuals great understanding of both areas, which will help them land jobs at top-notch organizations. Also, this specialization would help you develop your management skills and ensure you have all the necessary skills to be an effective leader or entrepreneur. MBA in Information System Management is ideal for BCA graduates because it helps you develop your knowledge about information system management and how it works in different industries. This specialization would also improve your communication and analytical skills, making it easier for you to work with clients across different industries. You can also read Important concepts to learn during an MBA in IT and Fintech. An online MBA from Manipal University Jaipur adds value to your resume Manipal University Jaipur is a NAAC A+ accredited university that has been a pioneer in providing quality education to students with expert-developed course curriculums. It is one of the best universities in India, where you can gain knowledge from highly qualified faculty members. An online MBA from MUJ not only enriches you knowledge-wise but also makes you ready for the job market with its various career development opportunities like placement assistance and scholarship opportunities. The program helps you acquire more knowledge and skills to help you compete in the job market. You can also read MBA or Business Certificate: What should you prefer? Conclusion Thus, BCA graduates can significantly boost their careers, get higher salaries and start their journeys as entrepreneurs with a higher degree like an MBA. They should consider specialization in IT & Fintech or Information System Management, which would be relevant to their field of study. These will help them be better prepared for the job market by teaching them the skills employers are looking for in candidates. So, enroll in an online MBA program from MUJ and upskill yourself.
What are the benefits of doing an MBA in BFSI? The Banking, Financial Services, and Insurance (BFSI) sector of the economy are evolving quickly. The industry has changed its focus in today’s market, with new private firms taking the lead. As a result, in the challenging BFSI sector, there is an increasing need for knowledgeable and highly skilled management experts with expertise in banking and finance. According to a Bank of Baroda Economic Research, the IT, finance and banking sectors constituted 93% of the 3.82 lakh net increase in jobs in India from 2021 to 22. The MBA in BFSI curriculum equips individuals with the knowledge and abilities necessary for a lucrative career in the banking and finance industries. It will help individuals gain the relevant experience to get into managerial roles in the BFSI sector and have a successful career. You can also read, Why choose an MBA in BFSI. Advantages of doing an MBA in BFSI Earning an MBA in BFSI has several benefits, as you can quickly advance your career, find well-paying employment, and become an in-demand professional. The following are the main advantages of pursuing an MBA in BFSI: Makes you distinctive Your ability to stand out from the crowd will be substantially enhanced by pursuing an MBA in BFSI. You can distinguish yourself with a distinct conceptual specialty on the topics important to excel in the sector. Therefore, this qualification will provide you with a significant edge and allow you to advance your career in managerial positions. Stay well-versed with current trends You can learn about the crucial topics of the banking and finance industry, such as financial accounting, analytics, and others, with an MBA in BFSI. It is among the key benefits of an MBA in banking and finance, as you can stay well-versed with current trends and technical breakthroughs in the banking and financial sector. Career stability Banking and insurance organizations have been present for generations and will continue to function as long as people promote saving, anticipate good interest rates, take out loans, require medical care, drive vehicles, own properties, and operate businesses. Thus, an MBA in BFSI will help individuals to have a stable career in the BFSI sector. Lucrative career opportunities The BFSI industry is evolving rapidly with new technologies; thus, there is a huge demand for skilled professionals in the sector. An MBA in BFSI will help individuals to choose from various career opportunities and will help them launch their careers in the sector. Jobs you get after MBA in BFSI Following are the main jobs after an MBA in BFSI with their average annual salary: Bank Manager Bank managers are usually in charge of all operations, including market analysis, financial forecasting, setting financial goals, and meeting branch business goals. They also manage fund allocation and expenditures. Financial Accountant A financial accountant is in charge of managing an organization’s accounting and financial operations. They evaluate the company’s financial viability and give other divisions access to financial data to plan budgets and make investments. Investment Banker Investment bankers use their expertise in the financial services industry, analytical prowess, and effective interpersonal skills to support organizations in raising capital and for mergers and acquisitions. Financial Risk Manager The Financial Risk Manager’s duties involve analyzing business risk, recognizing threats to assets, and providing solutions to hazards to the company. In addition, they create plans to offset the consequences of changing market conditions on firms. Financial Manager Financial managers monitor the finances of a business and work to maintain sustainability. They oversee important tasks like keeping tabs on cash flow, determining profitability, controlling spending, and creating reliable financial data. Financial Consultant A financial consultant assists an organization in increasing shareholder value and improving capital efficiency. Their job may entail assisting in forming a mergers and acquisitions package or developing a compensation strategy. Job rolesAverage salaryBank Manager₹ 7.5 LPAFinancial Accountant ₹ 4.0 LPAInvestment Banker ₹ 6.0 LPAFinancial Risk Manager ₹ 10.6 LPAFinancial Manager ₹ 13.0 LPAFinancial Consultant₹ 4.8 LPA Secure a high-paying job in the banking or finance sector with an MBA in BFSI The online MBA in BFSI program by Manipal University Jaipur is developed by an expert faculty to help individuals have stable careers in the banking and finance sector. The curriculum and the LMS give professionals a crucial competitive edge in the fiercely competitive banking industry by providing a business model-specific education. The placement assistance program offered by Online Manipal is intended to close the talent gap affecting several sectors and job markets. To know more, you can read Important concepts to learn during an MBA in BFSI. Eligibility Candidates must have completed their 10 + 2 + 3-year bachelor’s degree in any discipline with 50% aggregate from a recognized institution or university (45% for reserved categories). Candidates need to clear the online aptitude test conducted by Manipal University Jaipur as per admission norms to the MBA program (part of the application form) Candidates with a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT) need not appear in the above test Conclusion India’s financial sector is foreseen to thrive in the upcoming years due to growing individual incomes, corporate renewal, financial sector deregulation, and the emergence of a more customer-focused, credit-arranged economy. So, to seek employment in the domain, enroll in the MBA in BFSI course from MUJ that equips aspirants with industry-specific business skills.
Who can benefit from an MBA in IT and FinTech? FinTech, or financial technology, is the most recent sector that integrates finance and technology by embedding cutting-edge techniques to provide financial solutions proficiently and competently. FinTech has revolutionized how we handle our finances, send payments, and even obtain funds in only a few years. With a wide range of applications, employment options in Fintech are essentially endless. Many renowned institutions offer MBA in IT & FinTech programs that help individuals reach their objective of rising to managerial roles in the FinTech industry. The program helps comprehend the underlying logic of business, management processes, marketing initiatives, concepts, and theories that pique the interest of working professionals and students. Why is FinTech the hottest career choice right now? Financial technology makes use of technological breakthroughs to improve and expedite financial services. Following are the factors answering the query “Why MBA in IT & FinTech?” Stay updated with the latest technologies The fintech sector is rapidly growing and implementing the most advanced technology to improve financial services and customer insights. It is important to stay updated with the latest technologies in a world where software is continuously changing and being updated. So having experience in this field is helpful. Embrace the prospect of transformation Fintech is a domain where continual advances and evolution are anticipated. With the growth of the blockchain industry, transactions will become faster and more secure while also supporting the rising desire for greater transparency of the current financial institutions. The functioning of financial systems will alter as a result, and enterprises will be encouraged to embrace innovation while being more aware of regulatory changes. Explore exciting job possibilities In a quick-growing sector like Fintech, one might foresee daily job growth. You can advance your professional development and confidently pursue your goals with the help of FinTech training. Whether you’re a seasoned professional trying to develop your abilities or a fresh graduate looking to launch your career, the roles you can explore after MBA in IT & FinTech are endless. Improve the customer experience Due to the seamless integration of transactions across multiple industries, including online banking and mobile payments, the finance sector has benefited immensely. Customers can now execute payments swiftly and securely. With the help of AI, businesses can gather important information about user behavior and create a seamless customer experience that caters to specific demands and wants. You can also read Important concepts to learn during an MBA in IT and Fintech. Top companies in the FinTech sector There are around 6,636 fintech companies in India, and by 2025, it is predicted that the market will be worth $150 billion. Individuals can work in various business sectors after MBA in IT & FinTech. Some of the prominent companies in the FinTech sector include: Razorpay Cashfree Paytm BharatPe CRED Digit Insurance Turtlemint Policybazaar Zerodha Groww CoinSwitch Who is suitable for a career in FinTech? FinTech is a fantastic career choice for tech-savvy developers and business owners who can come up with innovative ways to supply financial goods and services. So, who can choose a career in FinTech? Working professionals with experience looking to change roles or domains. Individuals from finance, economics, management, and engineering backgrounds who wish to advance their careers in the IT and FinTech sectors. Entrepreneurs who want to learn more about this field or who want to launch a FinTech or IT business Launch your career in the FinTech Industry with an MBA in IT and FinTech from MUJ Online MBA in IT & Fintech offered by NAAC A+ accredited Manipal University Jaipur makes you future-ready by equipping you with the latest technologies in Fintech. This UGC-entitled program is designed for individuals who desire to hold managerial roles in the IT or FinTech sector. It is a 2-year program and is divided into 4 semesters. Individuals get free access to Coursera courses with the program and can upskill themselves. MUJ also provides placement and scholarship opportunities to help individuals have successful careers. To know more about the program, you can read MBA IT & FinTech course details. Conclusion FinTech has altered the economic structure of the nation. So, it’s crucial to keep up with the most recent FinTech advances if you’re a company’s decision-maker, financial expert, or senior management professional. You can enroll in the online MBA in IT & Fintech program offered by Manipal University Jaipur to pursue a thorough curriculum that will significantly improve your CV and ensure career progress.
Important tips for first-time entrepreneurs Entrepreneurship and start-ups have been on the rise in India. This is due to a number of reasons. First, there is a growing need for innovation. Indian companies are looking to increase their profits by creating new products and services or improving existing ones. The only way to do this is through innovation. Second, there is an increasing demand for high-quality jobs. People who want to work but cannot find one have started their own businesses, which has become a trend across the world. Third, entrepreneurship is becoming more popular because it offers many benefits, including freedom and flexibility for the entrepreneur, as well as opportunities for growth and wealth creation. This growing popularity of start-ups and entrepreneurship in India is a great career choice for those who want to work for themselves and get good income. According to the Global Entrepreneurship Monitor (GEM) India Report (21-22), entrepreneurial activity in India increased to 14.4% in 2021, up from 5.3% in 2020. You can also read Is an online MBA valid in India? How does an MBA prepare you to be a successful entrepreneur? An MBA teaches students how to think critically, analytically, and strategically about business problems. The program emphasizes the importance of a well-rounded education, including both theoretical and practical concepts that students can apply to their careers in the real world. The case studies in the MBA program teach students how to identify and analyze real-world business issues and then propose solutions based on their own experiences as well as academic knowledge. MBA tips are essential for students to identify and capitalize on opportunities, manage resources effectively, and develop a business plan that will allow them to turn ideas into reality. The ability to manage resources wisely is especially important for entrepreneurs because they must know how to allocate their time and money so that they can succeed. If you want to be an entrepreneur, an MBA program can give you the tools you need to succeed as an entrepreneur. Some useful tips to become an efficient entrepreneur Listed below are some of the best tips for entrepreneurs: Learn the ins and outs of the business world: The best way to become an efficient entrepreneur is to learn the ins and outs of the business world. It is one of the best pieces of advice for an entrepreneur. The more you know about what’s going on and how things work, the better equipped you will be when it comes time to make important decisions. Know your competition: It’s important to know your competition, including what they offer, how they price their products or services, and what makes them different from you. It is one of the most useful tips for entrepreneurs. The more you know about your competitors, the better prepared you will be to compete with them. Keep a check on your finances: It’s important to keep a close eye on your finances, including tracking your expenses and making sure that you have enough money coming in to cover them. It is one of the best financial tips for entrepreneurs. This will not only help ensure that your business is successful, but it will also show you where areas of improvement are needed. Broaden your network: It’s important to build a strong network of people who can support your business. This could include customers, suppliers, partners, and even competitors. Having a strong support system will help your business grow in the long run. Recruit efficient staff: It’s important to hire the right people for your business. This will help you run your business more efficiently, which in turn can help you save money and increase profits. Provide top-notch products/services: It’s important to provide high-quality products and services if you want your business to thrive. This will ensure that your customers are satisfied with the product they receive, which in turn can help increase sales. Create innovative marketing strategies: It’s important to come up with innovative marketing strategies if you want your business to grow. This will help you reach more customers, which in turn can increase profits. Success doesn’t happen overnight; it takes time and effort. Let Online Manipal’s MBA program be the first step for your entrepreneurship career Manipal University offers online MBA courses that are accredited by the UGC at comparatively affordable prices. The course focuses on developing students’ analytical, communication and leadership skills to help them develop their careers. The course is taught by highly qualified faculty members with years of experience in the industry, who have been chosen for their ability to communicate the concepts of management effectively. Students can expect to learn from experts in various fields, including marketing, finance, and operations management. Students also have access to a wide range of learning resources and videos. The course is provided entirely online, so students can take it from anywhere in the world. You can also read A guide on choosing online MBA electives. Conclusion Thus, the article discusses tips for entrepreneurs to be successful. The key to being a successful entrepreneur is to keep your eye on the prize and be brave enough to go for it. You need to be able to say “yes” to every opportunity that comes your way because you never know what will turn into a goldmine. Remember, the best entrepreneurs are always learning new things and improving their skills. So, enroll in the online MBA from MUJ and begin your entrepreneurial journey.
Steps to kickstart a career in the Blockchain industry Blockchain technology is a decentralized, distributed database or ledger that stores ownership records of digital assets in a digital format. Blockchain technology is unique as it ensures the security of a data record without the need for a trusted third party. Blockchain technology is rapidly being adopted by various businesses like IBM and Samsung to develop a distributed network of IoT devices to eliminate the need for a central system to control communication between devices for tasks such as software updates, energy usage tracking, error handling, etc. In 2021, the global market size for blockchain technology was estimated to be worth USD 5.92 billion and is expected to expand from 2022 to 2030 at a compound annual growth rate of 85.9%. Thus, there is a huge scope for professionals in the blockchain industry, and there are various blockchain jobs in India to have a successful career. There is a shortage of supply of Blockchain professionals in the job market; therefore, now is the right time to launch your career in the domain. The future scope of blockchain technology is bright, and its benefits will lure more businesses to invest in it. If you are wondering how to learn Blockchain, then read on to learn about the concepts that are essential in blockchain technology. Important concepts to learn in blockchain technology Blockchain technology cannot be tampered with as it is a chain of blocks where each block contains data value validated by nodes in the network rather than a central authority. The data stored on a blockchain cannot be deleted or changed. A new block needs to be added to update any information. So, how to learn blockchain development? To understand and assess the value of blockchain technology, we need to understand some important concepts. Decentralized Blockchain technology is decentralized, which means that the data is not stored in one particular place, so there is no central system. The stored data in Blockchain is dispersed across various computers, which are known as nodes. Users can interact directly with each other since there is no central entity that has control over the data. Consensus algorithm Consensus algorithms are a type of algorithm that allows the nodes in a blockchain network to reach a decision regarding a transaction’s validation procedure. These form the core of the blockchain infrastructure as it keeps the system completely transparent and free of errors. Smart contracts Smart contracts serve as the foundation for blockchain-based applications. They are based on the idea of contractually governing transactions between two or more parties. Smart contracts enable users to control ownership by controlling the amount of data disclosed. Mining Mining is the process of assembling or validating transactions to the distributed ledger. It primarily entails creating a hash of a block that can be avoided from being forged. Thus, it safeguards the system’s integrity without the requirement of a central system. You can read MCA project topic ideas 2022 to have an in-depth understanding of the project topics important for the MCA course. What are the various jobs in the blockchain industry? Here are some blockchain jobs that you can pursue: Blockchain Developer – The role of a Blockchain Developer is to secure digital transactions by creating systems that can record and store blockchain data so that it cannot be changed or hacked. Blockchain Developer salary is ₹ 6.5 LPA. Blockchain UX Designer – A Blockchain UX Designer is in charge of developing innovative, simple, and user-friendly interfaces to ensure client engagement. Blockchain UX Designer salary is ₹ 5.4 LPA. Blockchain Architect – A Blockchain Architect develops blockchain solutions and defines the infrastructure by understanding security requirements. Blockchain Architect salary is ₹ 21.0 LPA. Blockchain Engineer – The role of a Blockchain Engineer is to execute and develop a digital blockchain that can be used for business solutions. Blockchain Engineer salary is ₹ 9.9 LPA. Blockchain Project Manager – A Blockchain Project Manager manages and supervises the entire working cycle of a blockchain project. Blockchain Project Manager salary is ₹ 4.8 LPA. Blockchain Consultant – A Blockchain Consultant assists new blockchain firms in developing strategies that can optimize business efficiency and help them grow and expand. Blockchain Consultant salary is ₹ 15.5 LPA. To know more about the course, you can read MCA course details: All you need to know. Master fundamental Blockchain technology concepts by enrolling in an online MCA from MUJ So, how to become a blockchain developer in India? If you want to pursue a career in the Blockchain industry, then you can pursue the online MCA course offered by Manipal University Jaipur. Manipal University Jaipur is a NAAC A+ accredited university that aims to provide the highest level of knowledge to the students. The MCA course curriculum covers all the important concepts of software and programming, including cryptography and Blockchain, which will help you develop a strong base for launching your career in the blockchain industry. The MCA course is a 2-year program that is divided into 4 semesters and is offered through an online medium. In addition to a strong academic foundation, the program helps students develop practical skills and experience that are highly valued in the job market. Students also get free access to paid Coursera content to upskill themselves so that they can have successful careers. Thus, to start your career in the Blockchain sector, pursuing the MCA degree from Manipal University Jaipur is the ideal choice.
