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B.Com course details: All you need to know

Have you just finished your 12th and are considering B.Com as your bachelor’s degree? Read on to find out the key features, syllabus, career options, and benefits of doing a B.Com degree. It is the most suitable undergraduate degree after 12th for students looking for a career in commerce. Designed to equip students with comprehensive knowledge of business and finance, this program offers a holistic understanding of the corporate landscape. With a curriculum tailored to meet the demands of the ever-evolving global market, B.Com covers essential subjects such as accounting, economics, marketing, and management.

The B.Com program offers job opportunities in various areas such as finance, auditing, taxation, banking, and business. With its emphasis on real-world application and critical thinking, a B.Com degree opens doors to diverse career paths in the dynamic world of business.

An overview of B.Com degree

ParticularsDetails
B.Com full formBachelor of Commerce
Course levelGraduate
Course duration3 years
Eligibility12th pass
Course feeRanging between INR 40,000 to INR 200,000
Examination typeSemester pattern
AdmissionAdmissions granted by university based on 12th score.
Average salaryStarting salary range of INR 30,000 to INR 80,000 per month
Recruiting companiesDeloitte,  Ernst & Young (EY), KPMG, Accenture, Tata Consultancy Services (TCS), Wipro, Infosys, and others

What is a Bachelor of Commerce (B.Com)?

A Bachelor of Commerce (B.Com) is a three-year undergraduate academic program that focuses on business and commerce-related subjects. The degree equips graduates with knowledge and skills relevant to pursuing careers in fields such as business administration, finance, banking, consulting, and entrepreneurship.

Types of B.Com courses

B.Com (General): B.Com General is a broad-based undergraduate degree program that covers a wide range of subjects in commerce and business. It offers a balanced curriculum that introduces students to various aspects of commerce and equips them with essential knowledge and skills for various job positions in the business world.

B.Com (Honours): B.Com (Honors) is an undergraduate degree program that offers a more specialized and in-depth study of commerce subjects. This degree is suitable for students who have a specific interest in a particular aspect of commerce and wish to pursue advanced studies or specialized careers in their chosen field.

Get to know the differences of B.Com and B.Com (Hons.) in detail.

General eligibility criteria for B.Com course

The general eligibility criteria for a B.Com (Bachelor of Commerce) program typically include the following:

  • Educational qualification: Candidates should have completed their 10+2 education from a recognized board or equivalent examination.
  • Stream: Candidates must have studied Commerce as their stream in Class 11 and 12.
  • Mandatory subjects: Candidates should have studied compulsory subjects like Accountancy, Business Studies, and Mathematics/Economics in their 10+2 education.
  • Minimum percentage: The minimum percentage requirement may vary among colleges and universities. Candidates need to meet the cutoff score set by the respective institution for admission.
  • Entrance exams: Some institutions may require candidates to appear for and qualify in entrance examinations conducted by the university or institute itself or at a national/state level.

It is important to note that specific eligibility criteria may vary depending on the educational institution and country. Therefore, it is advisable to check the official admission guidelines of the desired institution for accurate and up-to-date information.

Check out: B.Com or BBA after 12th

Modes of pursuing B.Com course

There are three modes to pursue B. Com courses:

  • B.Com online
  • B.Com distance education
  • B.Com regular

Candidates who cannot attend a traditional B.Com degree, may consider advantages of B.Com in online mode. You can enroll in an online B Com course provided by Manipal University Jaipur.

Scope of B.Com graduates

B.Com graduates in India have a wide scope of career opportunities in sectors such as accounting, finance, banking, insurance, e-commerce, government jobs, stock market, consulting, PSUs, entrepreneurship, and further education. They can work as accountants, financial analysts, bankers, consultants, or pursue professional courses like M.Com, MBA, CA, CMA, or CS. The diverse industries and roles available make B.Com a valuable degree for aspiring professionals in India. You can find out all the options after B.Com.

Career prospects after pursuing B.Com

Industries that hire B.Com graduates

Today, there is a strong demand for commerce graduates in the job market. They can find plethora of job opportunities in public and private sectors including:

Banking and Financial Services: Commerce graduates can work in banks, investment firms, insurance companies, and other financial institutions. They can take up roles such as financial analyst, investment banker, risk manager, financial planner, or credit analyst.

Here are some top companies that usually hire in this sector:

  • JPMorgan Chase & Co
  • Goldman Sachs
  • Citigroup Inc.
  • Bank of America
  • Wells Fargo & Company
  • Morgan Stanley
  • HSBC Holdings plc
  • Barclays
  • Deutsche Bank
  • Standard Chartered Bank

You may be curious to know how to get a banking job after B.Com.

Accounting and Auditing: Graduates with a commerce background often pursue careers in accounting and auditing firms. They can work as accountants, auditors, tax consultants, or financial controllers, providing services to individuals, businesses, or government organizations.

Here are some top companies that usually hire in this sector:

  • Deloitte
  • PricewaterhouseCoopers (PwC)
  • Ernst & Young (EY)
  • KPMG
  • Grant Thornton
  • BDO International
  • RSM International
  • Baker Tilly International
  • Crowe Global
  • Alvarez & Marsal

Check out: Best alternate degree for CA students

Retail and E-commerce: Commerce graduates can find opportunities in the retail sector, working in areas like merchandising, sales, marketing, operations, or supply chain management. With the growth of e-commerce, there are also roles available in online retail platforms and digital marketing.

Here are some top companies that usually hire in this sector:

  • Amazon
  • Walmart
  • Target
  • Alibaba Group
  • JD.com
  • eBay
  • Flipkart
  • Shopify
  • Zalando
  • Best Buy

Here’s how B.Com graduates can contribute to e-commerce.

Consulting: Many commerce graduates choose to work in management consulting firms, providing advice and solutions to businesses across various industries. They may specialize in areas like strategy, operations, finance, or human resources.

Here are some top companies that usually hire in this sector:

  • McKinsey & Company
  • The Boston Consulting Group (BCG)
  • Bain & Company
  • Deloitte Consulting
  • PricewaterhouseCoopers (PwC) Consulting
  • Ernst & Young (EY) Advisory
  • KPMG Advisory
  • Accenture
  • Capgemini
  • IBM Global Business Services

Manufacturing and Logistics: Graduates can pursue careers in manufacturing companies, working in roles related to production planning, inventory management, procurement, or logistics. They can also work for transportation and logistics companies, optimizing supply chain operations.

Here are some top companies that usually hire in this sector:

  • Toyota
  • General Motors
  • Ford Motor Company
  • Honda
  • BMW Group
  • Siemens
  • General Electric (GE)
  • Caterpillar Inc.
  • Boeing
  • Samsung Electronics

Hospitality and Tourism: The commerce field offers opportunities in the hospitality and tourism industry, with roles in hotel management, event planning, travel agencies, destination marketing, or hospitality consulting.

Here are some top companies that usually hire in this sector:

  • Marriott International
  • Hilton Worldwide
  • InterContinental Hotels Group (IHG)
  • AccorHotels
  • Hyatt Hotels Corporation
  • Airbnb
  • Booking.com
  • Expedia Group
  • American Express Global Business Travel
  • Delta Air Lines

Information Technology (IT) and Software: With the increasing integration of technology in businesses, commerce graduates can work in IT companies, software firms, or technology consulting. They may specialize in areas like business analysis, project management, or enterprise resource planning (ERP) implementation.

Here are some top companies that usually hire in this sector:

  • Google
  • Microsoft
  • Apple
  • Amazon Web Services (AWS)
  • IBM
  • Oracle
  • Cisco Systems
  • Intel Corporation
  • Dell Technologies
  • HP Inc.

Find out the top companies that hire BCom graduates.

Top jobs after B.Com degree

There are many high paying job roles for commerce students in India and abroad. Here are some popular job roles that individuals with a B.Com (Bachelor of Commerce) degree often pursue:

  • Accountant: B.Com graduates can work as accountants, handling financial records, preparing financial statements, and analyzing financial data for organizations.
  • Financial Analyst: B.Com graduates can become financial analysts, providing insights and recommendations on investment opportunities, conducting financial research, and analyzing market trends.
  • Tax Consultant: B.Com graduates can specialize in tax consulting, assisting individuals and organizations in tax planning, compliance, and advising on tax-related matters.
  • Auditor: B.Com graduates can work as auditors, examining financial statements, conducting internal or external audits, and ensuring compliance with regulations and policies.
  • Banking Officer: B.Com graduates can join banks as banking officers, handling customer transactions, assisting with account management, and providing financial advice to clients.
  • Financial Analyst: B.Com graduates can analyze financial data, conduct market research, and provide insights for investment decisions in roles such as financial analyst or research analyst.
  • Risk Manager: A risk manager helps companies adopt numerous strategies to minimize risk against sudden accidents or changes. The job is to implement advanced measures to control the impact of any damaging implications in terms of physical or financial assets. Risk managers usually survey risk areas, analyze and advise companies and oversee the execution of probable solutions and measures. Here are the risk manager career path after B.Com.

Higher education opportunities after B.Com

Students who have finished their B.Com degree in the commerce stream have a wide range of higher education alternatives. Students can pursue postgraduate studies in various fields, including economics, international studies, law, and the arts. MBA and M.Com are two of the most popular PG courses after B.Com. Other than that, there are many higher studies options to do after B.Com:

Master of Commerce (M.Com): Pursuing an M.Com degree allows B.Com graduates to delve deeper into subjects such as accounting, finance, taxation, economics, and business management. It provides an opportunity to gain advanced knowledge and research skills in the field of commerce.

Master of Business Administration (MBA): An MBA degree is highly valued for developing business and managerial skills. B.Com graduates can choose to specialize in areas such as finance, marketing, human resources, operations, or entrepreneurship through an MBA program. It opens up opportunities for leadership roles and enhances career prospects.

Here are the details of pursuing an MBA after BCom for a better professional life.

Chartered Accountancy (CA): CA is a prestigious professional qualification for those interested in accounting, auditing, taxation, and financial management. B.Com graduates can pursue the CA program offered by the Institute of Chartered Accountants of India (ICAI) to become a Chartered Accountant.

You may like to know if pursuing an online BCom with CA a good idea.

Cost and Management Accountancy (CMA): CMA is another professional course that focuses on cost accounting, management accounting, financial analysis, and strategic planning. B.Com graduates can opt for the CMA program offered by the Institute of Cost Accountants of India (ICAI) to become a Cost and Management Accountant.

Company Secretary (CS): CS is a professional course that emphasizes corporate governance, compliance, and company law. B.Com graduates can pursue the CS program offered by the Institute of Company Secretaries of India (ICSI) to become a Company Secretary.

Master of Finance and Control (MFC): MFC is a specialized program that focuses on financial management, investment analysis, risk management, and corporate finance. It equips B.Com graduates with in-depth knowledge and skills required for finance-related roles.

Master of Financial Management (MFM): MFM is a postgraduate program that concentrates on financial management, portfolio management, mergers and acquisitions, and financial planning. It is suitable for those interested in careers in financial institutions, investment firms, or corporate finance departments.

Master of Economics (M.Econ): B.Com graduates who have a strong interest in economics can opt for a Master of Economics program. It offers advanced study of economic theory, policy analysis, econometrics, and research methods.

Certified Public Accountant (CPA): CPA is a globally recognized accounting certification that is highly valued in the finance and accounting industry. B.Com graduates can pursue the CPA program to enhance their knowledge and career prospects internationally.

Master of International Business (MIB): MIB is a specialized program focusing on international trade, cross-cultural management, global marketing, and international finance. It is suitable for B.Com graduates interested in pursuing careers in multinational corporations or international business environments.

Bcom benefits

Benefits of pursuing a B.Com

A B.Com (Bachelor of Commerce) degree offers several benefits that can positively impact a graduate’s career prospects and personal growth. Make sure you’re aware of benefits of a B.Com degree and get to know all B.Com course details before deciding on a degree program following high school.

Broad knowledge base: B.Com programs provide a comprehensive understanding of various aspects of commerce, including accounting, finance, economics, taxation, business law, and management. This broad knowledge base equips graduates with a strong foundation in business principles, making them versatile and adaptable to different roles and industries.

Versatility and flexibility: B.Com degree holders have the advantage of versatility and flexibility in their career choices. The wide range of subjects covered in the curriculum allows graduates to explore different roles and industries, such as accounting, finance, banking, consulting, entrepreneurship, or even pursue further specialization through higher education options like MBA or professional courses.

Career opportunities: A B.Com degree opens up a wide range of career opportunities across diverse industries. Graduates can pursue careers in accounting firms, banking, finance, insurance, e-commerce, consulting, government organizations, and more. The degree provides flexibility and allows individuals to explore different sectors and job roles based on their interests and strengths.

Foundation for further education: A B.Com degree serves as a strong foundation for further education and professional courses. Graduates can pursue higher studies like Master of Commerce (M.Com), Master of Business Administration (MBA), Chartered Accountancy (CA), Cost and Management Accountancy (CMA), or Company Secretary (CS), among others. The degree provides a stepping stone to advanced studies and specialized certifications, enhancing career prospects.

Transferable skills: Along with subject-specific knowledge, a B.Com degree equips students with a range of transferable skills that are highly valued by employers. These skills include analytical thinking, problem-solving, financial literacy, communication, teamwork, time management, and critical decision-making abilities. These skills are applicable in various professional settings and contribute to long-term career success.

Job stability: Bachelor of Commerce graduates work in businesses with a high level of job stability. The best example is the banking business. The government and other regulatory bodies keep a watchful eye on banks. As a result, employment losses and bank closures are unlikely.

Prepares for entrepreneurship: AB.Com degree equips students for both the corporate sector and entrepreneurship. The course equips students with commercial information that they may apply in the workplace. Several B.Com students can go into entrepreneurship and start their own companies. They know how to create and run a business and various other complex element in running a business.

Skills gained from a B.Com degree

  • Analytical thinking
  • Business valuation
  • Communication skills
  • Financial intelligence
  • Negotiation skills
  • Relationship management
  • Networking abilities
  • Leadership qualities
  • Confidence
  • Self-motivated
  • Business development
  • Research and quantitative skills
  • Proficiency with MS Office
  • Adaptability
  • Organization skills

Check out the top skills of B.Com freshers.

An overview of online Manipal University Jaipur’s online B.Com degree

Course particularsDetails
NameBachelor of Commerce (B.Com)
LevelUndergraduate
Duration3 years (6 semesters)
FeeINR 90k
Eligibility10+2/10+3 diploma from a recognized national or state board institution with an aggregate of 45% (40% for reserved categories)
Examination typeOnline proctored

B.Com syllabus – Semester-wise breakdown

Aspirants can review the online B.Com syllabus offered by Manipal University Jaipur to get a good understanding of the modules and subjects included in this three-year course. The following are some modules and the subjects covered in the Bachelor of Commerce curriculum:

Semester 1

  • General English
  • Economic Theory
  • Fundamentals of Accounting I
  • Business Organization
  • Principles of Business Management

Semester 2

  • Computer Awareness and Internet
  • Marketing Management
  • Fundamentals of Accounting II
  • Business Law
  • Fundamentals of Entrepreneurship and Innovation
  • Economic Environment in India

Semester 3

  • Business Communication
  • Financial Management
  • Cost Accounting
  • Business Statistics
  • Financial Statement Interpretation

 Semester 4

  • Indirect Taxes
  • Financial Services
  • Corporate Accounting
  • Environmental Science
  • Human Resource Management

Semester 5

  • Management Accounting
  • Investment Options & Mutual Funds
  • Money and Banking
  • E-Commerce
  • International Trade and Finance

Semester 6

  • Management Accounting
  • Investment Options & Mutual Funds
  • Money and Banking
  • E-Commerce
  • International Trade and Finance

Also read: Why choose Manipal University Jaipur for online degrees?

Why Online Manipal is the best source to pursue an online B.Com?

Manipal University Jaipur is a NAAC A+ accredited university that offers UGC-entitled online degrees in undergraduate and postgraduate levels include B.Com. This degree has an advanced course curriculum designed by industry experts. Students will learn through live online classes from word-class faculty. They get free access to abundant e-learning content, Coursera courses, webinars, and placement assistance. This degree is treated at par with the on-campus online B.Com degree and is widely accepted by employers (public and private sectors) and higher education institutes.

Conclusion

Online B.Com offers flexibility, allowing students to study at their own pace and balance their education with other commitments. It provides access to quality education from reputed institutions, regardless of geographical location. The online learning environment fosters independence, self-discipline, and digital literacy skills, all of which are valuable in today’s technologically-driven world. Additionally, online B.Com programs often offer interactive learning platforms, networking opportunities, and industry-relevant resources, ensuring students receive a well-rounded education.

FAQs

What is an online B.Com?

Bachelor of commerce (B.Com) is a three-year undergraduate program for students interested in the field of commerce. Manipal University Jaipur’s online B.Com is recognized at par with any other on-campus B.Com degree.

Will the online B.Com be recognized while applying for jobs?

Yes, Manipal University Jaipur’s online B.Com degree is UGC-entitled and accepted by governments, corporate organizations, and higher education institutions.

What is the eligibility for online B.Com?

Candidates must have completed 10+2 from a recognized national or state board institution or 10+3 diploma from a recognized national or state institute with at least 45% marks in aggregate (40% for reserved categories).

Will the program have live lectures and webinars?

Yes. The program is delivered through a mix of live lectures in which students can interact directly with faculty and self-paced learning. Self-paced learning is driven by video lectures, e-books, quizzes, and assignments that are delivered using a state-of-the-art LMS.

What are the study materials given to learners of online degree programs at Manipal University Jaipur?

Students are given access to an exhaustive e-library with 200,000+ books, video lectures, audio-visual interactive material, virtual classroom sessions, audio podcasts, virtual simulations, and self-assessment quizzes or tests. Students are free to download e-books and print them for convenience.

Vital role of data mining in healthcare

Due to the volume of digital health data available, data mining has grown in importance in the healthcare industry. Electronic health records (EHRs), medical equipment, wearables, and other sources are producing an enormous amount of data for healthcare organizations and providers. This data can be analyzed and used to derive important insights that can enhance patient care, clinical results, and operational effectiveness. 

Since the 1970s, when medical researchers first started utilizing statistical methods to analyze vast amounts of clinical data, data mining has been used in the healthcare industry. However, it wasn’t until the 1990s, with the introduction of electronic health records (EHRs), and the availability of vast volumes of patient data, that data mining in healthcare began to be widely used. 

Role of data mining in healthcare 

Data mining is a tool that healthcare practitioners can utilize to enhance patient care in a number of ways. Here are a few instances: 

  • Identifying high-risk patients: To identify individuals who are at high risk for specific diseases or health conditions, healthcare providers can employ data mining. Data mining, for instance, can be used to pinpoint people who are at risk for diabetes, cancer, heart disease, or other conditions based on their medical history, family history, way of life, and other pertinent information. 
  • Personalizing treatment plans: Healthcare providers can utilize data mining to find trends in patient data that will help them customize treatment programs to meet the unique needs of each patient. 
  • Improving patient outcomes: Data mining can be used by healthcare providers to find variables linked to better patient outcomes. 
  • Predicting epidemics: Healthcare practitioners can utilize data mining to find trends in data that will help them anticipate the start of epidemics. 

Know more about the role of data science in healthcare

Data mining to reduce costs 

Let’s see how data mining can help healthcare organizations reduce costs by identifying areas where resources are being wasted or inefficiently allocated. 

Analyzing patient data to find high-risk patients who could need repeated hospital stays is one method data mining might assist healthcare organizations in cutting expenses. Healthcare professionals can intervene and offer preventative care to these individuals early on, preventing expensive hospital stays. 

Analyzing supply chain data to find places where resources are being misapplied or squandered is another way data mining may be helpful. For instance, data mining can identify tendencies in the supply chain that result in the overordering of medical supplies or the stockpiling of unneeded inventory. Healthcare organizations can streamline their supply chain and cut waste by spotting these tendencies. 

Healthcare organizations can use data mining to their advantage to cut costs by locating areas where resources are being misallocated or wasted. Healthcare organizations can save money by utilizing data mining tools to improve clinical procedures, optimize patient care, and streamline supply chain operations

Data mining for public health 

Data mining can be used to identify outbreaks, track and monitor public health trends, and inform public health policy. 

  • Track and monitor public health trends, can be tracked and observed using data mining, which can be used to examine massive datasets of health-related data from sources such as disease registries, electronic health records, and health surveys. 
  • Detecting outbreaks, by examining data from a variety of sources, including hospital records, laboratory data, and social media, data mining can be used to detect infectious disease outbreaks. Public health experts can swiftly spot outbreaks and take steps to stop the spread of the disease by spotting patterns in the data. 
  • Informing public health policy, Data mining can be used to uncover factors that are linked to poor health outcomes, such as poverty, a lack of access to healthcare, and environmental issues. Public health professionals can create focused interventions to enhance health outcomes in at-risk communities by recognizing these factors. 

You may like to know about the role of technology in healthcare

Challenges in data mining in healthcare 

The moral issues of data mining in healthcare include bias, data ownership, and privacy issues. 

  • Privacy concerns: The protection of patient privacy is one of the most important ethical issues surrounding data mining in healthcare.  In order to guarantee that patient data is only used for approved reasons, data mining must abide by strong data privacy standards, such as HIPAA in the US or GDPR in the EU. 
  • Data ownership: Data ownership is an additional ethical issue. Healthcare practitioners must get consent from patients before using or disclosing their data, and patients have the right to govern their own data. 
  • Bias: If data mining algorithms are taught on biased datasets, bias may be reinforced. 

New trends in data mining in healthcare 

The potential developments in data mining and healthcare are the use of artificial intelligence and machine learning to speed up data processing and decision-making. 

  • Predictive Analytics: Predictive analytics is one of the most intriguing uses of machine learning in the medical field. Healthcare professionals can forecast patient outcomes and spot patients who are at risk of developing specific illnesses by using historical data and machine learning algorithms. 
  • Precision Medicine: Additionally, the creation of individualized treatment programs for patients makes use of machine learning. Healthcare professionals can better treat patients and minimize negative effects by customizing treatments based on genetic information and patient data. 
  • Medical Imaging Analysis: Medical image analysis is being improved through the use of machine learning. For instance, machine learning algorithms can increase the accuracy of diagnosis by identifying malignant cells in pictures from MRI, CT scans, or X-rays. 
  • Electronic Health Records (EHRs): Machine learning can help automate the analysis of EHRs, which are becoming increasingly prevalent. Healthcare professionals can find patterns and trends that can enhance patient outcomes by analyzing vast amounts of data. 
  • Drug Discovery: Drug discovery is also utilizing machine learning. Machine learning algorithms can uncover prospective medication candidates by analyzing massive volumes of data, speeding up and decreasing the cost of drug development. 

You may like to know answers for some frequently asked question on healthcare management.

Conclusion 

Data mining is a powerful tool that can be used to improve healthcare in a variety of ways. By analyzing large amounts of data, data mining can help to identify patterns and trends that can be used to improve diagnosis, treatment, and prevention. Data mining can also be used to improve the efficiency of healthcare systems and to reduce costs. 

As healthcare data continues to grow, the potential benefits of data mining will only increase. Data mining has the potential to revolutionize healthcare and to improve the lives of patients all over the world. 

Enroll in online MBA in Healthcare Management from Manipal Academy of Higher Education (MAHE) to become a data-rich healthcare professional. Find out the details of online MBA in healthcare management to take a vice decision before enrolling. 

Health tourism: Opportunities for MBA graduates

Are you an MBA graduate wondering where to apply your skills and knowledge in the healthcare industry? Health or medical tourism means traveling to a different country for medical treatment or procedures. Health tourism offers MBA graduates a unique opportunity to apply business acumen in a growing industry. From marketing and business development to operations and financial management, there is much scope in MBA healthcare where you can make a significant impact.

What is health tourism?

Health tourism has been around for centuries, with people traveling to different regions and countries to seek treatments for various ailments. However, it has become a booming industry in recent years, with the global health tourism market expected to reach USD 346 billion by 2032. 

This growth can be attributed to rising healthcare costs in developed countries, increasing awareness about affordable and quality healthcare options in other countries, and advancements in medical technology. Popular destinations for health tourism include Thailand, India, Mexico, and Turkey, with cosmetic surgery, dental treatments, and fertility treatments being the most sought-after procedures. 

You may like to read the first-hand account of a doctor who did an MBA to pursue a career in health tourism.

Career opportunities for MBA graduates in the health tourism industry

There are several MBA healthcare options as below for students or working professionals:

  1. Medical Tourism Manager

A medical tourism manager specializes in managing the travel arrangements and medical treatments of patients seeking medical care outside their home country. The manager is responsible for coordinating the logistics of the patient’s travel, including transportation, accommodations, and medical appointments. The average salary for a medical tourism manager is around USD 3,000 – USD18,000 annually, varying with experience.

  1. Wellness Program Coordinator

A Wellness Program Coordinator is responsible for developing and implementing wellness programs in various settings, such as corporations, hospitals, and schools. They work to promote healthy lifestyles and prevent illness through education, fitness programs, and mental health initiatives. The average salary for a Wellness Program Coordinator is around USD 5,400 per year.

  1. Health Services Manager

Health service managers must stay up-to-date with healthcare regulations, laws, and new technologies and treatments. They work closely with medical staff, insurance companies, and government agencies to ensure the facility meets all standards and regulations. The approximate salary for a Health Services Manager is around USD 7,400 per year.

Skills required for a career in the health tourism industry

  • Knowledge of medical procedures, treatments, and wellness programs is essential. You must explain these concepts to clients and answer their questions clearly and concisely. 
  • It will help if you communicate effectively with clients, doctors, and other healthcare professionals.
  • You must be aware of cultural differences and be able to adapt your communication style accordingly. It includes understanding different customs, beliefs, and values.
  • You need to manage multiple tasks and prioritize your workload effectively. 
  • You also need to be detail-oriented and able to keep accurate records.

Benefits of pursuing a career in the health tourism industry

  • It provides an opportunity to help people improve their health and well-being. 
  • As the demand for medical treatments and procedures increases globally, this industry offers job security and growth potential. 
  • Working in health tourism allows for exposure to international cultures and diverse patient populations, which can broaden your perspective and understanding. 
  • The industry also offers the potential for competitive salaries, benefits, career advancement, and professional development opportunities.

Easy steps for a career in health tourism

  • Research the industry to understand its structure, trends, and challenges by reading industry reports, attending conferences, and networking with professionals.
  • Obtain a relevant degree or certification like an online MBA in healthcare, hospitality, or tourism.
  • Work in a related field, such as hospitality or healthcare, or gain experience by volunteering at a health tourism organization or completing an internship.
  • Attend industry events, join professional organizations, and connect with professionals through social media.

The online MBA in Healthcare Management from Manipal Academy of Higher Education (MAHE) enhances the skills and knowledge of professionals in the field. It covers the latest developments in health informatics, hospital planning, and infrastructure management, among other vital subjects. You can accelerate your career in healthcare management to a lucrative position while boosting your earning potential. For good salaries, education, and career prospects, MAHE’s online degrees and certificates are widely recognized and accepted by governments, corporate organizations, and higher education institutions.

Conclusion 

The field of health tourism presents a promising opportunity for MBA graduates. With the growing demand for healthcare services and the increasing globalization of healthcare, the scope in MBA healthcare can leverage their business skills and knowledge to contribute to the growth and success of this industry.

You can find top-rated online degree and certificate programs from prestigious institutions like the Manipal Academy of Higher Education on Online Manipal. Enroll in our online programs today!

Key takeaways:

  • MBA graduates can leverage their business skills to improve the efficiency and profitability of healthcare facilities catering to health tourists.
  • The average salary for these positions varies depending on experience and sector, with government positions offering lower salaries than private sector positions.

Common interview questions for healthcare manager position

Are you preparing for a healthcare manager role interview? Do you know what questions to expect? As with any job interview, you must come prepared and ready to showcase your skills and experience.

Healthcare management is integral to the healthcare industry, ensuring facilities run efficiently and effectively. As a healthcare manager, you will oversee staff, manage budgets, and ensure patients receive the best possible care. Being well-prepared for the interview process is essential in such a critical role.

Commonly asked questions during healthcare manager interviews

  1. Why did you choose the healthcare management profession?

Sample Answer:

“I want to be part of a team that provides quality care. I’m also passionate about leadership and problem-solving, and healthcare management allows me to combine these skills in healthcare organizations. 

Working with professionals and supporting them in delivering the best possible care to patients is incredibly rewarding. It aligns with my values and career goals, and I’m excited about the opportunities it presents.”

Tips for Answering:

  • Be honest and authentic: Your interviewer wants to know your genuine reasons for pursuing a career in healthcare management, so don’t try to give a vague or rehearsed answer.
  • Highlight your values and passion: Healthcare management is demanding, and your interviewer wants to know that you’re motivated by more than just a paycheck. Discuss your values and what drives you to work in healthcare.
  • Connect your skills to the role: Healthcare management requires a unique set of skills, such as leadership, communication, and problem-solving. Explain how your skills align with the requirements of the role and how you plan to use them for a meaningful impact.
  1. How do you handle a challenging patient or family member?

Sample Answer:

“I try to maintain a calm attitude and listen to the patient. I then work with them to identify potential solutions to their concerns and follow up to ensure their needs have been addressed. Effective communication and relationship-building are critical to providing high-quality healthcare and resolving conflicts professionally and compassionately.”

Tips for Answering:

  • Professionalism: Maintaining professionalism throughout the procedure is essential because the interviewer focuses on your personality and conversational style. Impress them by demonstrating calm behavior.
  • Non-verbal communication: Use appropriate gestures and expressions to make the interviewer comfortable. It should align with words by giving them full attention. Always smile while talking to depict you are enjoying the interview. 
  • Cite an example: If it is not your first time applying for a job, talk about your experiences in a similar scenario. Explain how you managed the situation and resolved the problem. However, be honest about not having experienced such a situation before, and remember to imagine and visualize if you are a fresher.
  1. Can you describe your experience developing and implementing new policies and procedures?

Sample Answer:

“My experience revolves around electronic health record procedure. It involved developing new policies and procedures for how the system would be used and training staff on how to use it. I also worked closely with the IT department to ensure that the system was integrated with other systems in the hospital and that all necessary security protocols were in place.

I also developed a new policy for managing patient complaints, which improved patient satisfaction scores.”

Tips for Answering:

  • Highlight your knowledge of regulations and guidelines

Before discussing your experience, you must show that you understand the regulations and guidelines that healthcare organizations must follow. It may include HIPAA (Health Insurance Portability and Accountability Act), OSHA (Occupational Safety and Health Administration), or other relevant regulations. 

  • Emphasize your collaborative skills

Developing and implementing policies and procedures is rarely a one-person job. Therefore, it’s essential to highlight your ability to collaborate effectively with different stakeholders. You can talk about how you worked with other managers, staff, or external agencies to develop effective policies that met all stakeholders’ needs.

  1. What factors do you consider when choosing a new location for a clinic or hospital?

Sample Answer:

“I evaluate the infrastructure, including transportation, accessibility, and availability of utilities, to ensure that the new location is easily accessible to patients and staff. I assess the economic environment to ensure that the new location is financially viable and sustainable in the long term.”

Tips for Answering:

  • Highlight your experience

When answering this question in an interview, it’s essential to highlight any experience you have in choosing new locations for clinics or hospitals. It can include any research or analysis you’ve done in the past and any successful expansions you’ve been a part of.

  • Be proactive

Stay proactive while answering the question, as it helps you emphasize the main points before meeting critical remarks and questions. Explain how you administer surveys to gather opinions from people. If you discover disparities in opinions, feedback helps resolve the issues. All these points help the interviewer to go ahead with the selection process. 

Here’s how you can become a healthcare manager.

  1. According to you, what is the future of healthcare?

Sample answer:

“Healthcare will revolve around technology usage to improve patient’s condition. Healthcare organizations will need to become more patient-focused and provide more personalized care. It could involve wearable technology to monitor patients’ health or virtual reality to help patients manage pain. 

Additionally, artificial intelligence and data analytics will help healthcare organizations make more informed decisions and improve patient outcomes. The future of healthcare is exciting and full of opportunities for innovation and improvement.”

Salary offered by different companies as per your experiences:

CompanyExperienceSalary Structure (per annum) INR
Eisai Pharmaceuticals7 to 15 years10.2L
Hindustan Wellness0 to 3 years2.2L
Practo1 to 4 years5.0L
Reliance General Insurance1 to 4 years6.5L
NTT Data1 to 3 years 1.7L
National Health Misson7 to 8 years 5.0L
Source

Are you interested in the career opportunities after MBA in healthcare management after knowing these packages? MAHE offers an online MBA program with 10 specializations in established and emerging fields, including healthcare management. The program is taught by experienced faculty and is tailored for working professionals with at least one year of experience.

Conclusion 

Healthcare manager roles are highly competitive and require specific skills and experience. The typical interview questions for these positions are designed to evaluate the candidate’s ability to manage complex healthcare operations, provide excellent patient care, and lead a team effectively. 

You can find top-rated online degree and certificate programs from prestigious institutions like the Manipal Academy of Higher Education on Online Manipal. Enroll in our online programs today!

Key takeaways:

  • It prepares a candidate to ace an interview in the medical tourism sector without having prior knowledge.
  • Be prepared to discuss your experience managing teams and budgets.
  • Emphasize your ability to communicate effectively with both staff and patients.
  • Show your commitment to improving patient outcomes and providing high-quality care.

Best accredited online colleges of 2023

The advent of online education has drastically opened possibilities for people from all walks of life to acquire new knowledge and skills. It is now easier than ever to make a switch to a different profession without having to neglect their regular duties.  

The worldwide online education market has seen a tremendous surge in the number of students, leading to the rapid emergence of more and more teaching programs. During recent years, e-classrooms have taken advantage of the most advanced IT systems for an enriched learning experience. AI, AR, Cloud, IoT and VR are some technological solutions implemented by virtual classrooms which make them even more engaging than before. 

The online education market in India is estimated at INR 91.41 billion and is projected to increase to a valuation of INR 325.48 billion by 2026 with a CAGR of 17.9% between 2021 and 2026. The COVID-19 pandemic and ensuing lockdowns have made educational institutions realize the importance of digital learning. The Indian Government has initiated National Digital Educational Architecture (NDEAR), National Initiative for School Heads and Teacher’s Holistic Advancement (NISHTHA), and ShaGun program to facilitate the implementation of online classes nationwide and generate better quality education. This article will explore the best accredited online colleges in 2023 as well as the top benefits of taking UGC-approved online degree courses in India. 

Degree programs offered online 

The history of online education dates back to the early 1990s when the Open University of Britain launched its first online learning program. With the widespread availability of high-speed internet today, online education has grown by leaps and bounds since then. These days, online degrees are available for a wide variety of niches. It is not uncommon for students to pursue programs such as MBA, MCA, BBA, BA, BCom, MCom, MSc, MA etc. 

In India, the UGC oversees and evaluates the quality of education offered by colleges and universities. It established the National Assessment and Accreditation Council in 1994. Since then, it has adopted a philosophy of continuous improvement to ensure that colleges and universities deliver the best courses. More than 50 universities in India are approved and accredited by the UGC to offer the best online courses. 

Find out the online programs from Manipal Academy of Higher Education (MAHE) and its benefits

Online degrees have several advantages 

An online degree has the following advantages: 

  • A major advantage of online degree programs is the degree of academic autonomy that students receive. Students have access to multiple courses from anywhere in the world, and they can access course materials readily. It depends entirely on how much time they are willing to devote to the program.  
  • Online degrees are perfect for those juggling multiple responsibilities, since there are no fixed time commitments, and students can choose their learning schedules and study at their own pace. Working professionals are also welcome to attend, and exams are proctored online semester-by-semester.  
  • Online degrees can be completed from the comfort of one’s home, so there is no need to travel by bus, train, or car to the institute or university. As a result of the lack of commutes, learners are able to save energy, relax, and spend more time learning. They are able to interact with peers and learn from instructors across the globe without having to leave their homes.

What is the best way to choose an online college?

How to select best online colleges

It is difficult to choose an online college because every learner has a unique set of requirements. A number of factors should be considered, but the most important ones are the institution’s placement record and accreditation. Here are some tips on how to find the right online university or college. 

1. Your subject should be determined  

Deciding which subject to pursue is of utmost importance, and it marks the beginning of your college or university selection. Many universities provide foundation courses for their students, yet there are various career paths and outcomes depending on the program. To ensure that you make the right choice, analyze the majors available thoroughly and examine the starting salary range upon graduation. Popular fields with high income potential include business, healthcare, technology and more. Before signing up for a class, peruse through its syllabus diligently and take into account student reviews online.  

2. Make a list of colleges that offer the course you’re interested in 

It is not guaranteed that all universities will offer the programs you’re looking for or have accreditation status. Find out which colleges allow you to earn your degree online and pick accordingly. 

When taking classes, it’s crucial to check the Learning Management System (LMS). If the website does not perform well and you can’t log your progress, that’s a deal-breaker. Talk to the individuals who have graduated if you are uncertain about the student experience. 

3. Assess the ranking and accreditation of the institutions and their programs 

Having an accredited degree indicates that a university meets the standards set by these accreditation bodies and is preferred by employers. Prospective employers view accredited degrees as reliable and reputable, so they are more likely to land good jobs after graduation. India’s Ministry of Education uses the National Institute Ranking Framework (NIRF) to rank its higher education institutions. 

If the college offers good placement assistance, it is a good idea to look at its starting salary packages. Some undergraduate and postgraduate programs are offered with affiliation to other international universities, which is an important aspect to keep in mind. Meritorious students should also be eligible for financial aid and scholarships. 

4. How does a college become accredited?  

If an institute is accredited, it means it can perform inspections, certifications, and tests related to conformity assessment. Visiting an official website and checking database listings are the best ways to verify a college’s accreditation. You can check the UGC website for accreditation information, as well as NAAC, NBA, VCI, COA, and AMBA accreditation agencies 

  • What is the importance of accreditation for a college?  

A college’s accreditation helps boost its credibility. It helps prospective students trust the university, and it tells employers that courses offered follow the highest standards. 

5. Are you comfortable with the way the program is delivered?

It’s essential to consider how frequently live lectures happen, if the program meets your quality standards, and the delivery modes before signing up for a course. Make sure to ask the university about quizzes and assessments tests as well as proctored online exams with live lectures. To have an enjoyable learning experience, it’s important that the student portal be able to function properly without downtime or lags. 

India’s best online degree colleges 

In the following list, you will find NAAC accredited and UGC approved online degree colleges in India. Many universities in the nation are offering bachelor’s and master’s degrees online due to the push for online education by the UGC, and UGC-entitled online degrees are widely recognized by employers worldwide. Students are also provided with career guidance and placement assistance at most of these universities. 

Colleges Programs offered Average salary (annual) Additional features 
Manipal University Jaipur, (NAAC A+ & UGC-entitled) Online BCA, MCA, BBA, BCom, MCom, MBA, & MA JMC INR 7.5 lacs to INR 22 lacs  Advanced Learning System, e-library, attractive scholarships, career guidance and support, and placement assistance 
Manipal Academy of Higher Education (NAAC A++ & Institute of Eminence) Online MSc in Data Science, M.Sc. in Business Analytics, & MBA for working professionals. INR 10.8 lacs State-of-the-art learning management system (LMS), an extensive e-library, access to alumni network, and free access to Coursera. 
University of Mysore Has online degree programs in Computer Applications, MBA (dual specialization), bachelor’s in business administration, Bachelor of Commerce, and Master of Commerce INR 2.4 lacs and higher for fresh graduates E-material is sent to students along with regular assessments. Degrees are AICTE accredited, affordable, and recognized by the Government of India 
Maharishi Markandeshwar University, Mullana, NAAC with Grade A+ accreditation Offers online degrees in BCom, BBA, BCA, and MSc Mathematics INR 6 lacs and higher International students, e-resources, affordable, and online programs are designed for working professionals 
Lovely Professional University, Punjab Undergraduate programs in BA, BCA, BCom and PG programs in MSc Mathematics, Master of Arts, Political Science, History, Sociology, and Economics INR 5 lacs to INR 62 lacs Cutting-edge curriculum and expert mentors, best LMS, personalized mentorship, and placement assistance 
Chandigarh University Punjab, NAAC Grade A+ accredited Offers online undergraduate programs on Journalism & Mass Communications, Business Administration, and Computer Applications. Postgraduate programs are available for Commerce, Liberal Arts, BA, and Journalism and Mass Communications. INR 8 lacs to INR 36 lacs The university is UGC and AICTE-recognized, using the latest learning technologies for their online bachelor’s and master’s Degree programs. It also provides spoken English classes, career assistance, and easy EMI financing options for students. 
Amity University Amity University offers online bachelor’s degree programs in Business Administration, Arts, and Computer Applications INR 5 lacs to INR 21.5 lacs The university is accredited by WES, QAA Global, WES, and is UGC-entitled. 

You may also like to know more about online master’s degree programs.

What is the process for getting into an online college? 

A pandemic such as COVID-19 prompted many universities to offer degree programs online. In order to get admission to an online college, students must apply online and complete an application form. The college admissions process remains the same: students must apply online and complete an application form. This is a step-by-step guide to how undergraduate and postgraduate programs are accepted: 

  • The application form is filled out by students on the portal 
  • Documents such as 10+2 certificate, national ID, passport, and other relevant information must be provided 
  • There is a non-refundable application fee and a first-semester payment due 
  • An online interview may take place once the university approves the application and verifies the documents. Students are interviewed by an admissions counselor or university panel of professors. Some universities also conduct their own entrance exams. When students clear these rounds and are accepted, their enrollment in the online degree is confirmed by email and SMS. 
Admission procedure at Online Manipal

This is how to get admission to an online college: Admissions to online colleges haven’t changed, and students need to fill out an application form online. The following is a step-by-step guide to the admission process for undergraduate and graduate programs. 

Don’t forget these points as well:  

  • You must meet the general eligibility requirements for admission, such as the class 12 and entrance exam scores. Every college has its own admissions requirements. 
  • Check the official website of universities for more information on application deadlines. 
  • Obtain the necessary documents, such as a national ID, a birth certificate, and proof of residency. 
  • Check specific program eligibility requirements at the time of registration and pay the application fee. 

 Learn more about getting admission in online degrees at MAHE

Frequently asked questions regarding online degree colleges 

The emergence of technology has led to an increase in online college admissions. The importance of preparing in advance to apply in these educational institutions cannot be overstated. Knowing how to prepare for interviews, apply for scholarships, and sit for entrance exams is crucial. Each online college has its own admissions policy or criteria. The following questions are frequently asked: 

1. Are online degrees in India a good choice?  

Yes, online degrees in India are good if they are accredited courses. The employment rates for graduates with an online degree are similar to those who attend full-time programs, the only difference being the mode of learning. 

You may be interested in understanding how worthwhile pursuing online degrees

2. Is it wise to pursue an online master’s degree in India? 

Yes, you can pursue an online degree in India if you cannot make time commitments to attend full-time programs. Finish your degree at your own pace, do the coursework, and take online exams to acquire your certificate. 

3. Can I apply to foreign universities with an online degree certificate?  

Yes, UGC entitled degrees and national and global accreditations are all recognized by foreign universities. After completing your online degree in India, you can apply for enrollment in master’s programs or higher education in international colleges. 

4. Do online colleges provide placement? 

Most online colleges offer placement assistance, but it’s important to check with the institution, just in case. 

5. Is it tough to complete an online degree? 

The hardest part about pursuing an online degree is the level of commitment and self-discipline it takes. Learners should have good time management skills and not miss the deadlines for projects/ assignments and online exams. In terms of difficulty for coursework and projects, it’s the same as full-time offline degrees. 

Conclusion

If you’re considering pursuing an online degree program in India, look no further than Manipal University Jaipur and MAHE. We have compiled a list of the top accredited online universities for 2023 to make selecting your institution easier. Simply apply online and wait for a response from an education counselor. If you’ve got queries about the courses available, you can always contact the admissions team of the chosen university and obtain more information.

What is embedded finance?

Embedded finance is a relatively new concept that has emerged as a result of the increasing demand for more integrated and convenient financial services. In simple terms, it refers to the integration of financial services into non-financial products such as e-commerce platforms, social media platforms, and other digital services. 

The development of APIs and other technologies has made it simpler for businesses to include financial services in their products, enabling them to provide clients with a more smooth and practical experience. The way we interact with financial services could change as a result of this trend, making them more approachable and user-friendly.  

Yet, data security, privacy, and regulatory compliance are also significant issues that are brought up by embedded finance. It will be crucial to make sure that businesses are managing financial information safely and in accordance with applicable rules and regulations as they continue to investigate the potential of embedded finance.   

Purpose of embedded finance  

By incorporating financial services into non-financial products like e-commerce platforms, social media platforms, and other digital services, embedded finance aims to increase user accessibility and convenience for financial services while also generating new revenue streams for companies. 

There are a number of reasons why companies can decide to incorporate financial services into their goods. By integrating financial services, businesses can eliminate the friction associated with traditional banking channels, making it easier and more efficient for clients to access financial services like payments, savings, and loans.  

Key trends in embedded finance 

There are several key trends in embedded finance that are shaping the future of the financial services industry. These include: 

Mainly there are six key trends in embedded finance –

  1. Embedded finance beyond payments 
  1. Rise of “banking as a service” (BaaS) 
  1. FinTech and traditional financial institutions 
  1. Emergence of new business models 
  1. Advancements in technology 
  1. Focus on data privacy and security
Fig 1: Key trends in embedded finance.
  • Expansion of embedded finance beyond payments: Even though embedded finance places a lot of emphasis on payments, there is a growing trend towards integrating additional financial services with non-financial products. For instance, social media sites may offer investing possibilities, and e-commerce platforms may provide financing options to their users. 
  • Rise of “banking as a service”: The term “banking as a service” (Baa’ S) refers to the practice of financial institutions providing their services to outside businesses via APIs. As a result, these businesses can provide financial services to their clients without having to start from scratch with their own infrastructure. 
  • Increased collaboration between fin-tech’s and traditional financial institutions: Traditional financial institutions are increasingly partnering with fin-techs to leverage their technology and innovation in order to improve their products and services. 
  • Emergence of new business models: The integration of financial services into non-financial products is creating new business models, such as embedded insurance and embedded lending, which are disrupting traditional financial services. 
  • Advancements in technology: The development of new technologies, such as block-chain and artificial intelligence, is enabling new possibilities for embedded finance, such as creating more efficient and secure payment systems. 
  • Focus on data privacy and security: Because integrated finance now uses more personal data, there is a greater emphasis on data privacy and security. As a result, businesses are investing in cyber security tools and adhering to laws like the GDPR and CCPA.  

You may like to know how to become a financial manager

Working of embedded finance 

The working of embedded finance involves the following steps:                       

  1. Integration of financial services 
  1. User authentication 
  1. Seamless transactions 
  1. Revenue sharing 
Fig 2: Working of embedded finance.
  • Integration of financial services: Non-financial companies partner with financial institutions or fin-tech companies to integrate financial services into their platform. This can be done through APIs (Application Programming Interfaces) or SDKs (Software Development Kits) that allow seamless communication and exchange of data between the platform and financial service providers. 
  • User authentication: Users are required to authenticate their identity and link their bank accounts or credit/debit cards to the platform. This allows them to use financial services within the app, such as making payments, receiving loans, or managing their finances. 
  • Seamless transactions: Once authenticated, users can conduct financial transactions within the app, such as paying for products or services, transferring money, or investing in financial products. These transactions are processed in real-time, allowing for fast and convenient payment processing. 
  • Revenue sharing: Embedded finance platforms typically generate revenue through transaction fees, commissions, or revenue sharing agreements with financial service providers. This enables non-financial companies to generate additional revenue streams while providing a better user experience to their customers.  

Examples of embedded finance 

Listed a few examples of embedded finance – 

  • Embedded Payments: The integration of payment services into other platforms and apps is referred to as embedded payments. Users can, for instance, make payments directly from their mobile devices without using cash or credit cards thanks to digital wallets like Apple Pay and Google Pay. By integrating payments into other platforms and applications, users can conduct transactions without ever leaving the platform or application, streamlining and simplifying the payment process. 
  • Embedded Card Payments: Embedded card payments refer to the integration of card payments within other applications and platforms. Businesses can take card payments from their consumers by using card readers that certain firms, like Square and Stripe, provide for integration into their point of sale systems. 
  • Embedded Insurance: The integration of insurance services into other platforms and applications is referred to as embedded insurance. For instance, websites that help people rent or buy a home, like Zillow and Apartment List, also provide incorporated insurance services for their users, allowing them to buy insurance policies from the website. Similar to this, certain platforms for travel and transportation provide their clients with inbuilt insurance services that cover trip cancellations, aircraft delays, and mishaps. 

Global impact of embedded finance 

The global financial services sector could be significantly impacted by embedded finance. Financial services can be made more convenient and available to customers by being integrated into non-financial products. This can also open up new revenue opportunities for companies. 

The potential for embedded finance to democratize access to financial services is one of the most important effects. Those who have historically been underserved by the financial sector may find it easier to access fundamental financial services like payments, savings, and loans by integrating financial services into everyday products. Those in developing nations who do not have access to conventional financial institutions may find this to be especially helpful.  

Embedded finance can provide quicker, more effective, and more secure payment systems, lowering transaction costs and fraud, by utilizing new technologies like block chain and artificial intelligence. 

While embedded finance has the potential to have a good effect on the financial services sector and the overall economy, it will also be vital to carefully assess the dangers and difficulties that could be involved with this development. 

Know more about the career path of a financial advisor

Next-generation embedded finance & revenue opportunities 

Embedded finance is quickly changing, and the upcoming generation of embedded finance is being driven by a number of significant trends and developments. The growth of embedded finance into new sectors outside of e-commerce and social media platforms is a significant trend. Healthcare businesses, for instance, might incorporate payment and insurance services into their goods, whereas real estate firms might incorporate mortgage and loan services into their services. By utilizing their knowledge of financial services to deliver value-added services to new industries, financial institutions and third-party providers can take advantage of new income opportunities created by this growth.  

Personalization is another emerging theme in embedded finance. Many businesses are leveraging data and analytics to give their clients tailored financial services. Another trend influencing the next generation of embedded finance is the rising usage of APIs. With APIs, businesses may quickly incorporate financial services into their goods and services, saving time and money on the development of their own financial infrastructure.  

Financial institutions and third-party suppliers have excellent income prospects with the next generation of embedded finance. Companies can generate new revenue streams and better meet the changing demands of their clients by diversifying into new industries, personalizing financial services, utilizing APIs, and investigating cutting-edge technologies like De-Fi.  

Conclusion 

In conclusion, embedded finance is an exciting and rapidly growing field that has the potential to reshape the way we think about financial services. By integrating financial products and services directly into non-financial applications and processes, embedded finance is making it easier for businesses and individuals alike to access the financial services they need, when they need them. As the embedded finance ecosystem continues to evolve and mature, we can expect to see even more innovation and disruption in the financial services industry, driving greater efficiency, convenience, and inclusivity for all. 

Enroll in a finance program to learn more about such newly emerging concepts like embedded finance. Online MBA in Finance from Manipal University Jaipur (MUJ) or Manipal Academy of Higher Education are the best programs to become future-ready professionals. The prestigious T.A. Pai Management Institute (TAPMI) also offers MBA-BKFS online, that covers several aspects of finance and banking in detail. To know more about these programs, visit Online Manipal

15 useful tips to choose the best online MBA 

Juggling a career and a course is difficult, but not impossible! If you can efficiently manage time and have some serious scheduling, you can confidently go for an online MBA. In this blog, we give you 15 tips that will help you decide if an online MBA degree is worth taking up and the things that you need to consider while choosing a specialization. 

The popularity of online MBA is growing worldwide. As per the data by AACSB (the Association to Advance Collegiate Schools of Business), students enrolled in online MBA outnumbered those in on-campus programs in 2020-21 academic year. 

Useful tips to choose the best online MBA 

We have listed 15 useful tips to choose the best online MBA program, that helps you acquire the necessary skill sets to achieve real career growth. 

1. Explore universities that offer MBA online 

There are scores of universities that offer online courses. Do intensive online research to find out more about these universities and the online MBA programs that they offer. Make a list of the best 5 or 7 universities that meet all your criteria. This list will help you narrow down your search for the best B school to do an MBA online. 

Find out how you can pursue an online MBA from a reputed university despite low CAT score

2. Evaluate the reputation of the universities 

A lot of people may feel that online MBA courses are really not that worthy. But that’s not really true. Some of the best universities across the globe are offering online courses that are on par with the full-time regular programs. The only difference is that you need to put in more personal effort when you study online. However, it is definitely best if you evaluate the reputation and worth of the universities where you plan to take online MBA admission. 

3. Find out about the university accreditation 

For your MBA degree to be valid and worthwhile, it is important that the university has the right accreditation and recognition. For example, studying in a university that is UGC recognized and NAAC accredited will give more value for your online degree

4. Check if the university offers the specialization that you’re looking for 

Here comes the most important point that you need to check – the specialization. Check the various MBA specializations that the university offers. The specialization you choose should be your area of interest and also help in your career development. 

5. Find out the course eligibility criteria 

The eligibility criteria for online MBA admission differs from one institute to another. So, check if you meet the eligibility criteria before you apply for MBA admission. 

6. Check if the course is completely online 

There are institutes that may offer online courses but ask you to visit a study center or a training center after you’ve enrolled in the program. If you’re working full time, then taking leave to attend the training sessions can be difficult. So, check if the program is completely online or a blend of online/offline before you apply. 

7. Find out about the admission process 

You can get the application form online and even submit the completed form online. Check if there is an entrance test that you need to take up to complete the admission process. 

8. Get information about the faculty 

Find out in detail about the faculty, their experience and area of expertise. Ask for details about how you can contact the professors if you have any doubts or queries.  

9. Find out details regarding the fee structure and payment plans 

The most important part – the fees and payment schedule. Ask for details regarding the fee payment and the breakdown of the fees. Clarify details about how you can make the payment. 

10. Check if the university offers scholarships 

When you’re checking details regarding the fees and payments, also find out if the university offers any kind of scholarships. Check if you meet the eligibility criteria and apply for the scholarship, if available.  

Here is the top scholarships available at Manipal University Jaipur

11. Ask for details regarding the credits 

The scope of your performance is evaluated in the form of credits. There are different levels of credits for each coursework and together determine your performance in the course. Ask for details on how you will be evaluated, about how many credits are allocated for assignments, projects, and tests. 

12. Get information about the examination 

Find out about the examination pattern and the exam schedules. Also, check if the exams will be completely online or if you need to take up an offline exam in a particular location. 

You may like to know more about the examination process in online mode

13. Find out about their student support system 

While studying online, you will be working at your own pace and may not be in the loop at all times. So, you need to know who you can contact in case you have problems with accessing your study material or if you haven’t received complete access to all the training videos. Find out if there will be a single point of contact for academics and fees or if you need to deal with different people. 

14. Check for placement support 

Find out if the university offers any kind of placement support for its online students. If so, get details about the companies that recruit from the university. 

Learn more about why you should select a university with a great placement cell

15. Check if the courses are mobile-accessible 

You will probably not be able to study using your desktop system all the time. It would be great if you could access your course material right on your mobile phone. Find out if the videos and course material are mobile-accessible. 

Conclusion

If you are still not sure about applying for MBA online admission, visit Manipal University Jaipur (MUJ). MUJ is one of the top professional universities in the country that offer online MBA courses for graduates who want to get a degree without taking a break from their career. This course is recognized by UGC and accredited A+ by NAAC. From enrollment to examinations, the two-year MBA program is completely online. 

If you would like to pursue a premium online MBA from a prestigious institution, you can enroll in online MBA from Manipal Academy of Higher Education (MAHE) or online MBA-BKFS from T.A. Pai Management Institute (TAPMI). 

Top 10 job roles in India and how to get them

Every year, India witnesses an influx of new job roles and opportunities in various sectors. While this provides ample scope for career growth, it can also be tricky to determine which jobs are in demand and how to land one. There are multiple job roles in India that are in high demand right now, and if you’re looking to make a career change or start your working life in this country, these are some of the best options to consider.  

Jobs in technology, engineering and management are all highly sought-after, while other popular choices include teaching and nursing. Read on for more information on job roles in demand for the future and how to get a job in top companies in India. 

The Indian job market is constantly evolving, and new job roles are always cropping up. As a result, staying ahead of the curve and knowing which skills are in demand can be challenging. However, some roles are consistently in need across all industries.  

Here are some of the top job roles in India, along with ways to upskill and land one of these coveted positions. 

  • Business Analyst: Business analysts play a vital role in any organization, as they are responsible for understanding and improving business processes. To land a job as a business analyst, it is essential to have strong analytical and problem-solving skills. Candidates with experience in data analysis and project management will be at an advantage. 
  • Human Resources Manager: Human resources managers are responsible for recruiting, training, and managing an organization’s workforce. To succeed in this role, candidates must have strong soft skills and experience in HR-related functions such as payroll and benefits administration. 
  • IT Professional: With the rapid growth of the IT industry in India, there is always a demand for qualified IT professionals. To become an IT professional, you’ll need to complete a degree or diploma in Computer Science or Information Technology from an accredited university or institute. After completing your studies, you can look for jobs with Indian or multinational companies operating in India’s IT sector. 
  • Engineer: India is the world’s leading engineering and technology talent destination. You must complete an accredited engineering course to become an engineer. Many universities in India offer engineering programs, so you’ll have plenty of options to choose from. 

Highest paying jobs and how to get them 

While many people dream of finding the perfect job, few stop to consider the highest paying jobs and how to get them. However, knowing which positions offer the highest salaries is essential for those looking to increase their earning potential. If you’re looking to begin your career in one of these fields, it is important to focus on getting the best education and a degree from a well-known, accredited university.  

Let’s look at some of the top 10 highest paying jobs in India, below: 

1. Full-stack software developer 

A full-stack developer is multi-talented when it comes to developing software applications. They are well-versed in front-end and back-end development, which means they can design and build user interfaces and write code that powers the application. In addition, full-stack developers often have a good understanding of DevOps (the process of developing, testing, and deploying software) and are comfortable working in a collaborative environment. 

Many online courses can teach the skills needed to be a full-stack developer. The most important thing is to have a passion for coding and a willingness to learn new technologies. With that said, here are some steps you can take to become a full-stack developer: 

  • If you’re new to coding, you’ll want to start by learning the basics. Fortunately, plenty of resources are available online that can help you get started.
  • As a full-stack developer, you’ll need to be proficient in front-end and back-end development technologies. Some popular front-end technologies include HTML/CSS, JavaScript, and React; for the back-end, common options include Node.js, PHP, Python, and Ruby on Rails. There are also many other specialized technologies used in software development (Databases: MySQL, MongoDB; Version Control: Git; Deployment: Amazon Web Services), so start exploring different options and find what works best for you. 
  • Get experience building actual applications; the best way to learn full-stack development is by building applications from start to finish. This will give you first-hand experience with every aspect of the software development process and help you identify your strengths and weaknesses. 
  • Another good way to learn full-stack development is by working with more experienced developers who can provide guidance and feedback. If possible, try to find a mentor at your job or in your network who can help you grow as a developer. Alternatively, there are many online communities (Slack channels, forums, etc.) where full-stack developers share tips and advice; participating in these communities is a great way to learn from your peers and get feedback on your work. 
  • Technology is constantly changing, so there’s always something new to learn as a developer. Try to stay up-to-date on recent developments in the world of software development by reading blogs, attending conferences, or taking online courses. This will not only make you better at your job, but it will also make you more marketable as a developer. 

Learn more about becoming a full-stack developer

2. Investment Banker 

An investment banker assists businesses in raising money by issuing and selling securities. They typically work for banks, but there is a growing number of independent firms that are also looking to hire such professionals. They help companies develop new investment ideas, negotiate loans, and advise on mergers and acquisitions. The investment banking industry is very competitive and challenging to break into. However, a few steps can increase your chances of landing a job. 

  • First, get a degree from a good school. Investment banks prefer to hire candidates with degrees in business or economics. 
  • Secondly, try to get an internship at an investment bank. This will allow you to learn about the industry and demonstrate your skills to potential employers. 
  • Finally, networking is essential in the investment banking industry. Get connected with as many people as possible and attend industry events. Following these steps will increase your chances of landing a job as an investment banker. 

Check out the guide to become an investment banker 

3. Data scientist 

A data scientist is a professional responsible for collecting, analyzing, and interpreting large amounts of data. They use their skills to find trends and patterns in data sets and predict future events. Data scientists typically have a background in math and statistics, and they use this knowledge to solve real-world problems. To become a data scientist: 

  • One must first complete a bachelor’s degree in a field such as math or computer science. 
  • After completing their undergraduate studies, data scientists typically complete a Master’s program in Data Science, which gives them the skills and knowledge they need to succeed in this field. 
  • There are many jobs, and the steps to get these roles will vary depending on the specific position. 
  • However, most data scientists will need to have strong analytical skills, as well as experience working with large data sets. 
  • Those interested in pursuing a career in data science should consider taking courses in mathematics and statistics and classes focusing on computer science and programming. Anyone can become a successful data scientist with the right education and training. 

You may need to know how to get into the Data Science industry? 

4. Marketing Manager

The marketing manager is responsible for planning and executing marketing campaigns. They help to develop strategies that align with the company’s overall objectives. Most top-level marketing managers have a bachelor’s degree in marketing or a related field. 

  • They also have several years of experience in marketing or a related field, such as advertising, sales, or public relations. 
  • In addition to experience and education, marketing managers must also have excellent communication, presentation, and analytical skills. 
  • They must be able to lead and motivate team members and manage budgets and timelines. Marketing managers typically report to the Vice President of Marketing or the CEO. 
  • To become a marketing manager, one would likely need to take on progressively more responsible roles within a marketing department over several years.
  • Most companies also require that their marketing managers have at least a bachelor’s degree in marketing or a related field. 
  • Some large companies may even require that their marketing managers have an MBA. 

Read the guide to become a marketing manager 

5. Business Analyst

Business analysts play a vital role in organizations by helping to identify and solve business problems. To be successful in this role, business analysts must have strong analytical and problem-solving skills, along with the following qualities: 

  • They must also communicate effectively with stakeholders to understand their needs and requirements. 
  • In terms of education, business analysts typically have a bachelor’s degree in business or a related field. 
  • Many also have experience working in the business before transitioning into a business analyst role. 
  • Those interested in becoming business analysts should consider pursuing a bachelor’s degree in business or a related field. 

Check this article about how to become a business analyst 

6. Chartered Accountants 

A chartered accountant provides financial and tax advice to businesses and individuals. They may also be involved in auditing financial statements and providing other financial services.  

  • To become a chartered accountant, you must complete an accredited accounting program and pass the Chartered Institute of Accountants (CICA) exam. 
  • Once you have met these requirements, you can use the title “Chartered Accountant” with your name. 
  • In addition to providing financial advice, chartered accountants may also be involved in corporate finance, mergers and acquisitions, risk management, and other business areas. 
  • With their deep understanding of financial principles, chartered accountants are prized members of any business team. 

You may like to know if pursuing an online B.Com with CA is a good idea

7. Machine Learning Experts 

Machine learning experts are in high demand as more and more businesses look to harness the power of data. But what does a machine learning expert actually do? And how can you become one? A machine learning expert is responsible for developing and deploying algorithms that learn from data. To be successful, a machine learning expert, one needs to have strong mathematical and programming skills and a deep understanding of how machine learning algorithms work. 

  • If you’re interested in becoming a machine learning expert, the first step is to obtain the necessary qualifications. 
  • A degree in computer science or a related field is a good start, but there are also many online courses and boot camps that can teach you the basics. 
  • Once you have the required skill set, it’s crucial to stay up to date with the latest advancements in the field and keep an eye on new datasets and problem domains where machine learning could be applied. 
  • Finally, it’s also helpful to build a portfolio of projects showcasing your abilities. With the right skills and experience, you could soon find yourself in high demand as a machine learning expert. 

Find out about the career path in machine learning 

8. Blockchain Developers 

Blockchain developers are responsible for developing and implementing distributed ledger technology-based solutions to business problems. They work with clients to understand their needs and then design and build blockchain applications that meet those needs. 

  • To become a blockchain developer, one must have strong programming skills and experience with distributed ledger technologies. 
  • Many online courses can teach these skills, and most blockchain developers have at least a bachelor’s degree in computer science. 
  • Once you have the necessary skills, you can apply for jobs at companies looking for blockchain developers. Many of these companies are startups, so you may need to be comfortable with a fast-paced work environment. 
  • You will also need to work effectively as part of a team, as most blockchain projects require collaboration among multiple developers. 
  • If you have the skills and experience required to be a successful blockchain developer, you can expect to find many opportunities in this growing field. 

Here are the steps to kickstart a career in blockchain industry

9. Cloud Architect 

A Cloud Architect is responsible for designing, building, and managing an organization’s cloud computing strategy. To succeed in this role, a Cloud Architect must deeply understand cloud technologies and how they can be used to meet an organization’s business goals. They must also communicate effectively with both technical and non-technical teams. 

  • There are a few different ways to become a Cloud Architect. One option is to pursue a degree in computer science or another related field. 
  • Another option is to get experience working in IT or cloud computing roles and then transition into a Cloud Architect role. Many organizations also require Cloud Architects to have certifications from vendors such as Amazon Web Services (AWS) or Microsoft Azure. 
  • Once someone has become a Cloud Architect, their job is to design and implement an organization’s cloud computing strategy. 
  • This includes determining which applications should be migrated to the cloud, designing the architecture of the cloud environment, and setting up processes and policies for using the cloud. 
  • A Cloud Architect also needs to be able to manage and monitor the performance of the cloud environment. They may also be responsible for training other staff members on how to use the cloud platform. 

Learn more about becoming a cloud architect

10. Medical Professionals 

A career in medicine can be both rewarding and challenging. Medical professionals play a vital role in the health and well-being of their patients. They may be responsible for diagnosing and treating illness, injuries, and chronic health conditions. They may also provide preventive care, including immunizations and health screenings.  

  • To become a medical professional, one must complete a rigorous education and training process. 
  • The first step is to obtain a bachelor’s degree from an accredited college or university. 
  • Once you have completed your undergraduate studies, you must obtain a medical degree from an accredited medical school. 
  • After graduation, you will be required to complete a residency program to receive your license to practice medicine. 
  • In addition to completing your formal education and training, you will also need to pass a series of exams to become certified by the state where you wish to practice. 

Here is the list of careers in healthcare management 

How online courses help you learn in-demand skills and make you job-ready 

In recent years, online courses have become an increasingly popular way to learn new and job-ready skills. While traditional colleges and universities still offer a wealth of opportunities, online courses provide several advantages, especially for busy adults who may not have the time or resources to attend a traditional college or university.  

  • One of the most significant advantages of online courses is learning at your own pace. If you need extra time to understand a concept, you can review the material as often as you need.  
  • In addition, online courses often offer a more flexible schedule, allowing you to complete assignments and participate in discussion boards on your own time.  
  • Finally, many online courses are designed to teach in-demand skills relevant to today’s workforce.  
  • By taking advantage of the vast array of online learning resources, you can gain the skills you need to stand out in your field. 
  • Best of all, many online courses are offered at a fraction of the cost of a traditional college education. 
  • Whether you’re looking to learn a new programming language or brush up on your marketing skills, an online course can help you get ahead in your career. As a result, you can gain the skills and experience you need to succeed in your career. 

Check out how online courses help your career and get better salary hikes 

Know why Online Manipal is your destination for quality online education 

Whether you’re looking to update your skills, learn a new subject, or pursue a course you’re passionate about, Online Manipal is the right choice, where you get opportunities to enroll in top-notch online degree/certificate programs from reputed institutions like Manipal University Jaipur (MUJ), Manipal Academy of Higher Education (MAHE), T.A. Pai Management Institute (TAPMI), and Manipal Institute of Technology (MIT). But what sets Online Manipal apart from other online education providers? Here are a few reasons why Online Manipal your best choice for quality online education is –  

  • First, all the courses are designed and delivered by experts in their field. The faculty members from the above-mentioned institutions are all experienced educators committed to providing a high-quality learning experience. In addition, the courses are constantly updated to ensure that they remain relevant and exciting. 
  • Online Manipal offers a wide range of support services to help you succeed in your studies. The student services team is available 24/7 to help you with everything from technical support to course advice. They also have a dedicated team of mentors who can provide one-on-one guidance and support. 
  • Finally, these institutions offer flexible payment options to suit your needs. Whether you’re looking to pay in full upfront or spread the cost over time, there is a plan that’s just right for you. 

So, if you’re looking for quality online education, look no further than Online Manipal. Expert faculty from prestigious institutions, enhanced digital learning platform, abundance of learning content, and flexible payment options will help you get the most out of your studies. 

With Online Manipal, you can get the education you need without sacrificing your busy lifestyle. Check out Online Manipal’s website and explore the various graduate and postgraduate programs and enroll for the course that best suits your requirements. 

Conclusion

In India, there are a vast range of fantastic career opportunities for candidates with the right knowledge and skill set. By staying up to date with the current technologies and trends, one can get into high-paying job roles and establish a secure future. Online courses are one of the best means for anyone to earn a degree or upskilling. Many reputed universities like MUJ and MAHE offer UGC-entitled online degrees for students and working professionals and these degrees are valued highly by many renowned hiring companies. 

A day in the life of a supply chain manager

In a world where producing and supplying products is the base of the market system, the job of supply chain manager becomes of utmost importance. From producing a product from scratch to reaching the end customer, a supply chain manager is responsible for all of it. Especially for youngsters with good leadership skills, the supply chain manager job has become a highly lucrative and potential career path. According to the US Bureau of Labor Statistics, supply chain management is expected to grow by 28%.

What does a supply chain manager do?

First and foremost, the job of a supply chain manager covers all stages in the making of a product. A supply chain manager takes care of every stage of the journey, from extracting the raw material to letting it reach the customer’s hands. There are four main subcategories in the job of a supply chain manager, i.e., logistics, operation, planning, and production. According to the Occupational Outlook Handbook, about 24,800 openings for logisticians have been projected each year over the decade. This is significantly higher than most other occupations.

What are the major responsibilities of a supply chain manager?

The job of a supply chain manager presents great opportunities and greater responsibilities. Continuous learning and evolution are vital for a role in the supply chain. The responsibilities primarily include the following:

  • A supply chain manager purchases the most suitable raw materials for making the product.
  • Once the raw material has arrived, the supply chain manager has to check and proceed with processing and furnishing the raw material.
  • After the product is ready, it has to be stored carefully and efficiently.
  • Then, the supply chain manager takes care of the products while moving them from distribution centers to stores.
  • Perform a quick run-through on the production floor and ensure the production is carried on seamlessly.
  • Contact potential suppliers, clients, and staff through email or calls.
  • Make timely arrangements for raw materials they are running short of.
  • Conduct regular meetings to regulate and distribute the workload among the workers and staff members.
  • Understand data as data analytics help optimize the supply chain.
  • Ensure that the products have reached the customers on time.
  • The job of a supply chain manager doesn’t stop after the product delivery; they also have to offer satisfactory customer service.
  • Take client feedback and attend to queries.

What are the key skills required to perform well on the job?

As mentioned before, the job of a supply chain manager offers diverse and ample opportunities for a person to grow and learn. The level of customer satisfaction depends highly on the efficiency of supply chain management. Successful supply chain managers have the following skill sets that help them excel at their job:

  • Leadership qualities – On average, supply chain managers have to look after the intricacies and requirements of the supply chains. This role requires constant motivation and leadership skills, as many skilled workers work under you.
  • Management skills – Both production and supply chains require you to stay in touch with the product’s costs, delivery timings, and whereabouts. A supply chain manager should be a good manager and organizer to make the production line seamless.
  • Good communicator – The supply chain manager must communicate with all clients, customers, and logistics experts.
  • Commitment to quality – The success of a supply chain management company thrives on the quality and quantity of its product, along with its ability to maintain deadlines.
  • Technological know-how – The job of a supply chain manager involves a lot of technical knowledge of logistics, cost accounting, e-business, etc. You should also be compatible and comfortable with new cutting-edge supply chain technology.
  • Ethical values – To understand the team better, a supply chain manager must have the right values, such as punctuality, adherence to rules, and compassion.

Also read: How to become a supply chain manager

What is the educational background of a supply chain manager?

With the right guidance, anyone can learn to be an efficient supply chain manager. As per the Association of Supply Chain Management in 2021, almost 85% of supply chain professionals have a Bachelor’s degree in business studies. 

After completing your Bachelor’s in Business Administration, you can enhance your skill set by obtaining practical knowledge. Many organizations offer internships for students to gain practical knowledge in supply chain management. Alternatively, you can join an online course from a reputed institute (like Manipal Academy of Higher Education) to learn about supply chain management and establish a successful career. A supply chain management certification can be highly beneficial for your career.

Understanding the salary of a supply chain manager

Compared to other job packages, the salary of a supply chain manager has steadily increased. You can work in supply chain management in four segments: logistics manager, operations manager, planner, and production manager.

The average salaries as per the job categories have been mentioned below:

Job category Salary per annum (in the US)
Logistics ManagerUSD 114,629
Operations ManagerUSD 69,519
PlannerUSD 80,668
Production Manager USD 78,194

Conclusion

The supply chain manager job has provided exciting opportunities for people with leadership and management skills. It has also become lucrative, considering the significant salary increase over the years.

If you possess the qualities required to be a supply chain manager, avail of top-rated education online. One such prestigious institute is the Manipal Academy of Higher Education which provides quality supply chain management course on Online Manipal. Avail of the advantageous courses online today while sitting in the comfort of your home!

Key takeaways:

  • A supply chain manager handles all the activities in making and delivering a product to the end user. 
  • A person can attain numerous posts and job options after getting a relevant degree in supply chain management. 
  • Leadership qualities, communication, management skills, etc., are some qualities that make up a good supply chain manager. 
  • The salary of a supply chain manager can go to extensive heights, depending upon their experience and expertise.

ROI of an MSc in Data Science: How it pays off in the long run

According to a recent report, people generate about 328.77 quintillion bytes of data daily. Consequently, the data science market is expected to grow nearly 27% annually till 2027. The buzz around data science has inspired people to pursue a career in the industry amidst evolving expectations from employers and the segmentation of skill sets. 

Even though the data science industry has more qualified data scientists than years ago, peers still report a global talent shortage. Hence, when it comes to the advanced blend of training and credentials, a Master’s in Data Science will enhance your value of learning, helping you gain leading-edge skills that will make you unique in the hiring pool.

If you are wondering, “Should I do an MSc in Data Science?” scroll down to discover the cost and outcome of the degree and whether you should enroll in the program.

What is the cost of an MSc in Data Science?

The Master of Science in Data Science is designed with a combination of subjects, including Machine Learning, Statistics, Big Data Analytics, and other sciences. The course aims to nurture ambitious students with interdisciplinary approaches through strong methodological foundations and versatile training methods. It also helps students enhance their competitiveness to adapt to multifaceted programming environments.

MSc in Data Science is a two-year postgraduate degree, and its cost might vary depending on the course type (online or in-class) and the institution. It is because the facilities in the institutions might vary, which also impacts the fee structure.

MSc in Data Science: Regular vs. Online

Online education is an excellent way to reduce the overall cost of education. The fee structure of MSc Data Science in regular classroom mode will range around 4 lakhs or more which may vary depending on the institution. In contrast, the online mode for a Master’s in Data Science would cost INR 2 – 3 lakhs, a cost-effective option compared to the regular one.

Here, let us compare the fee structure between regular and online masters of data science based on certain parameters.

ParametersRegularOnline
Study materialsThe cost of textbooks will be higher in regular mode as the students have to get printed materials.On the other hand, with online learning, students can access the course materials from their mobile and save money without purchasing the printed ones. 
Tuition feeIn a traditional education setting, students must pay tuition fees apart from course and admission fees. With online education options, there will be no or limited tuition fee per credit hour compared to regular mode. Apart from money, you can save time and spend it doing internships on real-time projects.
CommuteStudents who reside in remote locations from the university have to afford transport facilities when they opt for a regular mode of education. Or they need to find accommodation inside or outside the institution.However, online education allows students to learn from anywhere without commuting to the institution. It will save money in the long run as they don’t have to spend on transportation.
Less semester feeThe semester fee for regular education mode is high, and each semester will be around 18 weeks. The online course mode has a lower semester fee.

You might also like to know the differences between data science certificate and degree programs.

How much does it cost for an online MSc Data Science at MAHE?

At Manipal Academy of Higher Education (MAHE), we offer an online MSc in Data Science designed especially for aspiring working professionals who dream of progressing their careers. The program lasts 24 months, and you must attend 15-20 hours of class per week. 

The fees for online MSc in Data Science at MAHE is affordable compared to on-campus programs. Additionally, there is a concession on paying the full fee before the commencement of the course. We also offer excellent scholarships for students based on the following categories:

Scholarship categoryDiscount in fee structureEligibility criteria
Defense personnel20%Minimum 2 years service in the armed forces.
Divyaang (for persons with disabilities)20%Candidates must submit a certificate of the claim as per government norms.
Merit – Indian students10%≥75% (aggregate) at entry-level qualification from a recognized board/university.
Merit – Foreign/ NRI students15% / 10%≥ 90% or ≥ 75% (aggregate) at entry-level qualification from a recognized board/university for a 15% or 10% scholarship on course fees, respectively.
MAHE / Academy of General Education alumni15%UG/PG alumni of MAHE / AGE colleges with ≥ 75% (aggregate) at graduation.

Career and salary after online MSc in Data Science 

There are various career opportunities for data science graduates in every virtual domain. Here are some lucrative career options with an average salary package after completing your online MSc in Data Science.

Job profileAnnual salary package (INR)
Data Analyst1,97,000 – 9,12,000
Data Scientist3,37,000 – 20,00,000
Senior Business Analyst4,29,000 – 20,00,000
Senior Data Analyst3,10,000 – 10,00,000
Source

Conclusion 

Since data scientists are in high demand, more and more universities have offered specialized data science courses.

Enrolling for a Master’s in Data Science at MAHE will help you stand out among the competitors and allow you to secure a potential job role in the industry. The course not only increases your earning potential by opening different avenues of opportunity but also exposes you to the latest technology, allowing you to emerge as an expert in the field.

As a result, the return on investment (ROI) of an MSc in Data Science does pay off in the long run. Moreover, it is even higher if you choose to study online.

Enroll in online MSc Data Science at MAHE today and study the latest technologies, tools, and resources in data science anytime and anywhere.

Key takeaways:

  • MSc in Data Science is among the most sought-after degree programs with excellent scope and demand.
  • Your employment opportunities will increase after completing the postgraduate data science courses with senior roles of greater, diverse responsibilities and higher salary packages.
  • Opting for a flexible online data science program over the regular course obtains a better ROI on your educational expenses.

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