Best marketing jobs & careers to pursue in 2023 Marketing is among the most sought-after carers options today. The marketing sector is a vibrant and dynamic environment filled with exciting opportunities for career growth. Irrespective of which industry or sector you look for, marketing is a must. It allows you to convey a brand’s identity, mission, and offerings that make it stand out for competitors. In this blog, we uncover the most in-demand and sought-after marketing job roles that can help you explore lucrative career options. Best marketing job roles 2023 Here’s a list of top marketing job roles you can explore across sectors along with salaries. Product Marketing Manager The role of a product marketing manager involves crafting strategies aimed at showcasing products to prospective customers in manners that elevate profits and enhance brand identity. This involves the evaluation and examination of company products to grasp their functionality. They may also be responsible to convey product advantages or attributes in a clear and captivating manner, cooperating with design, development, and acquisition teams to adeptly market products, and leveraging prevailing market trends to position products triumphantly. The average salary of a product marketing manager in India is INR 21 LPA. Digital Marketer A digital marketer’s primary role involves growing a brand’s online presence, reaching target audience, and driving engagement and conversions. They use email marketing, affiliate marketing, SEO, social media, and analytics tools to analyze web traffic. They identify opportunities to improve website user experience and increase conversion rates. The average salary of a digital marketer in India is INR 9 LPA. Brand Manager Brand managers are architects of promotional strategies for businesses. Their primary aim is to expand the audience base and enhance brand recognition. Additionally, they might undertake tasks such as analyzing consumer behaviors and market patterns, defining a brand’s demeanor, manner, and expression, devising strategies that augment brand profitability and perception, as well as furnishing reports on product sales, market penetration, and the efficacy of campaigns. The average salary of a brand manager in India is INR 14 LPA. Chief Marketing Officer Chief Marketing Officers (CMOs) oversee the creation and execution of diverse advertising, marketing, and promotional campaigns. They usually hold the responsibility of evaluating and improving existing marketing endeavors, conveying marketing plans and outcomes to executive teams and stakeholders, and devising inventive strategies. The average salary of a chief marketing officer in India is INR 36 LPA. Marketing Analyst A Marketing Analyst is responsible for assessing and interpreting data to inform marketing strategies and decisions. They use data-driven insights to optimize campaigns, target audiences effectively, and contribute to overall business growth. They monitor the effectiveness of brand campaigns, measure key performance indicators like CTR, research about customer preferences, and concise reports and visualizations to communicate insights to stakeholders. The average salary of a marketing analyst in India is INR 10 LPA. Content Marketer A Content Marketer is an expert who crafts content aimed at captivating the audience of their employer or client. Their role includes generating content in various formats such as video, audio, print, or visual materials. Their primary emphasis lies in producing informative content that facilitates audience understanding and fosters a connection with the product or service. The average salary of a content marketer in India is INR 6 LPA. Top Digital Marketing jobs 2023 Digital marketing alone has plenty of job opportunities to offer, and here are a few to mention. Digital Marketing Manager A digital marketing manager oversees the operations of the digital marketing team. They must be familiar with digital marketing aspects, campaigns, affiliate marketing, performance marketing, and more in order to measure results. They oversee digital marketing campaigns and ensure marketing goals are met. The average salary of a digital marketing manager in India is INR 8.3 LPA. SEO Specialist An SEO specialist analyzes trends to implement the best search engine optimization process for company websites. They are a crucial part of the digital marketing team, since they focus mainly on greater brand visibility and customer reach. They focus on both on-page and off-page strategies, keyword research, and closely monitor web traffic. The average salary of a SEO specialist in India is INR 7.2 LPA. Email Marketing Manager An Email Marketing Manager promotes the company or brand by sending emails to customers who have subscribed to the company’s newsletter. These emails encompass digital marketing initiatives that inform customers about offers, promotions, and company updates. The average salary of an email marketing manager in India is INR 24 LPA. Social Media Marketing Manager A Social Media Marketing Manager manages the brand’s presence on social media and actively engages with the audience. They post engaging content on social media to voice out a brand’s message and tone. They also come up with social media campaigns aligned with their brand strategy to increase follower base and improve brand presence. The average salary of a social media marketing manager in India is INR 12 LPA. Read more: Why digital marketing is a hot career choice Top skills required for a marketing job A marketing job role requires a set of skills required to gain expertise in this field. Let’s take a look at the key skills required for a marketing job. Marketing strategy skills Marketers have to constantly develop strategies to improve their brand presence and awareness. Developing marketing strategies is a key responsibility for a marketer. Management skills Employers are looking out for professionals not just with marketing knowledge, but also skills like management, leadership, communication & project management. Digital marketing skills As a marketer, you must know to use basic tools like Google Analytics in order to measure how your website is performing. Content management Content writing and management is an essential part of marketing to get organic leads and drive organic traffic. As a marketing, it is important for you to possess basic content marketing skills to excel. Marketing career scope The scope of a career in marketing is vast and evolving, offering a wide range of opportunities across industries and sectors. Diverse industries Marketing is a fundamental aspect of almost every industry, including technology, healthcare, finance, entertainment, hospitality, and more. This means that marketers can find opportunities in various sectors that align with their interests and expertise. Global reach In today’s interconnected world, marketing has a global reach. With digital platforms and communication tools, marketers can target audiences worldwide, expanding the scope for international careers. Digital transformation The rapid shift to digital platforms has transformed the marketing landscape. This has led to the emergence of digital marketing, data analytics, and online customer engagement as key components of modern marketing strategies. Data-driven decision making Data analytics plays a critical role in modern marketing. Marketers can analyze consumer behavior, preferences, and trends to make informed decisions, optimize campaigns, and measure success. Personalization and customer experience Marketers are focusing on providing personalized experiences to customers. This involves understanding customer journeys, tailoring messages, and creating meaningful interactions across various touchpoints. Steps to explore a career in marketing Here is a quick guide for you to explore a career in marketing Get an undergraduate degree Pursue an undergraduate degree related to business or management like a BBA or B.Com, so it sets the foundation for you to gain expertise. Pursue a master’s degree Pursuing a master’s degree like an MBA in Marketing allows you to gain in-depth knowledge and skills that you require to explore a lucrative career in marketing. Determine your area of interest Marketing is a domain that offers a wide range of career opportunities like digital marketing, content marketing, social media marketing, performance marketing, and more. Choose your area of interest to find the right career path. Learn new skills Once you have understood which marketing landscape you want to navigate through, learn relevant skills that you need for the job. Read more: Easy guide on how to enter the marketing sector Conclusion If you’re looking to explore a career in marketing, then check out the online MBA program offered by Manipal University Jaipur. This online MBA program allows you to enhance your knowledge, gain marketing skills, and become a future ready professional. Gain extensive knowledge through our industry-oriented curriculum and study with utmost flexibility.
Career options for Master of Arts in Sociology graduates Navigating the diverse terrain of career opportunities after obtaining a Master of Arts in Sociology opens up a world of intriguing possibilities. Beyond the confines of academia, this advanced degree equips graduates with a profound understanding of human behavior, societal dynamics, and critical analysis. From social research and policy analysis to community development, counseling, and beyond, the spectrum of potential paths is both vast and impactful. In this article, we delve into the rich tapestry of career avenues awaiting these sociological scholars, highlighting how their expertise can shape and illuminate various sectors of our interconnected world. Career options for Master of Arts in Sociology graduates A Master of Arts in Sociology (MA in Sociology) offers graduates a comprehensive understanding of human behavior, social structures, and cultural dynamics. This advanced degree equips students with valuable analytical and research skills to critically examine societal issues and contribute meaningfully to various professional fields. According to recent statistics, the demand for professionals with a background in sociology remains steady. Graduates of MA in Sociology programs find diverse career paths in academia, public policy, social services, market research, and corporate sectors. Some potential career options include: Research Analyst: Sociologists frequently take on the role of research analysts, gathering and analyzing data to recognize patterns and trends in society. They might work for charitable groups, government organizations, or research firms. Social Services Specialist: Graduates with a specialty in social services can work to alleviate problems, including addiction, homelessness, and poverty. To design programs and policies that enhance people’s lives, they work in collaboration with communities and organizations. Policy Analyst: Sociologists offer their skills as policy analysts by analyzing how policies affect various groups and recommending changes to create a more just society. They collaborate with advocacy organizations, think tanks, and government agencies. Market Researcher: Sociologists are skilled at evaluating human behavior, making them excellent market researchers. They study consumer behavior, preferences, and trends to assist businesses in making informed decisions. Higher Education: Some graduates choose to pursue academia, becoming sociology professors or researchers at universities. They contribute to the field through teaching, publishing research, and mentoring students. The MA in Sociology prepares graduates to address complex social challenges, fostering a deeper understanding of human interactions and societal structures. Scope of Master of Arts in Sociology For those who are interested in comprehending and studying social phenomena, human behavior, and societal systems, an MA in Sociology offers a wide range of alternatives. A master’s degree in sociology has a wide range of applications. Research and academia: After receiving their MA in sociology, many people go into research and academia. They can work in colleges and research institutions as professors, researchers, or academic advisers. They are equipped with the necessary skills by their degree to undertake empirical research, analyze social issues critically, and advance sociological knowledge. Policy Analysis and Social Services: Sociologists are essential contributors to the development of governmental policy and social services. Graduates can find employment with governmental bodies, non-profits, and think tanks where they can study social problems, suggest policy changes and create initiatives to deal with problems, including poverty, inequality, and healthcare inequities. Market research and data analysis: Businesses and corporations frequently use sociologists to study customer behavior, conduct market research, and grasp societal trends. Graduates can find employment as consultants, data scientists, or market analysts, assisting businesses in making decisions based on sociological insights. Criminal Justice and Law Enforcement: Sociologists who focus on criminology can help with the criminal justice system by examining crime patterns, assisting with criminal profiling, and providing insights into measures for rehabilitation and recidivism reduction. Community Development: To support community development initiatives, solve social concerns, and improve the general well-being of communities, sociologists can work with neighborhood associations and local governments. Healthcare and social work: By researching the social determinants of health, healthcare inequities, and patient behaviors, sociologists can support public health programs. To address the psychosocial components of patient care, they can also work in conjunction with social workers. International Organizations and NGOs: Sociology MA graduates can work with international organizations and NGOs, contributing to initiatives focused on social justice, human rights, and international development. Private job roles for graduates with MA in Sociology Graduates in India with an MA in Sociology can choose from a wide range of jobs in the public and commercial sectors. They have a distinctive perspective on societal structures, habits, and trends thanks to the knowledge and abilities they picked up during their schooling, making them significant assets in a variety of professional domains. Private job roles and average salaries: Human Resources Manager: In this role, sociologists can apply their understanding of human behavior to manage employee relations, recruitment, and organizational dynamics. The average annual salary for this role is ₹ 6.6 Lakhs. Market Research Analyst: Sociologists can excel in analyzing consumer behavior, conducting surveys, and interpreting market trends for companies. The average annual salary for this role is ₹ 3.3 Lakhs. Social Media Analyst: With their grasp of societal trends, sociologists can decipher online behaviors and devise effective social media strategies. The average annual salary for this role is ₹ 3.3 Lakhs. Corporate Trainer: Graduates can leverage their knowledge to provide training in diversity, inclusion, and interpersonal skills. The average annual salary for this role is ₹ 5 Lakhs. Content Writer: Sociologists can contribute to content creation, especially for platforms that require a nuanced understanding of social issues. The average annual salary for this role is ₹ 3 Lakhs. Govt jobs after MA in Sociology Some of the government jobs that graduates can pursue after MA in Sociology are: Civil Services: Many sociology graduates opt for the Indian Administrative Service (IAS), Indian Police Service (IPS), or Indian Revenue Service (IRS) to bring about societal change from within the government. Salaries vary based on the specific service and level. Graduates can work as researchers in a variety of government organizations, including the National Institute of Public Cooperation and Child Development (NIPCCD) and the Indian Council of Social Science Research (ICSSR). Social Welfare Officer: Sociology graduates can contribute to welfare programs, policy formulation, and implementation at both central and state levels. Other roles graduates can look for after MA in Sociology Apart from the conventional roles, sociology graduates can explore the following: NGO/NPO Positions: They can work for non-governmental organizations or non-profit organizations as program coordinators, researchers, or community development officers. Academic employment in universities and colleges that need a PhD can be obtained by pursuing one. Counseling/Psychosocial Support: Graduates are qualified to offer counseling services in a range of contexts, including mental health facilities, schools, and rehabilitation centers. Media & Journalism: Sociologists who are interested in current events and social concerns can work as journalists, authors, or analysts. Graduates in sociology can work in fields like criminology and criminal justice reform, rehabilitation, and other related fields. In conclusion, an MA in Sociology opens up a plethora of opportunities for graduates in India. With the right skill set and passion for making a positive impact on society, they can excel in various private and government roles, contributing to meaningful change in diverse fields. Courses after Master of Arts in Sociology After completing a Master of Arts in Sociology, graduates have a plethora of opportunities to further specialize and enhance their skills in various areas. They can choose from a range of advanced courses that align with their career goals and interests. Some potential courses include: PhD in Sociology: A PhD in Sociology offers the chance to carry out in-depth study and contribute to the theoretical and empirical improvements of the subject for those interested in pursuing a career in academia or research. Applied Social Research: Advanced research procedures, data analysis methods, and the application of sociological concepts to contemporary issues are the main topics of this course on applied social research. Graduates may find employment in government organizations, consultancy businesses, or research institutions. Social Policy and Administration: This course explores the development, application, and assessment of social policies. Graduates can engage in lobbying, program management, and policy analysis positions. Criminology and Criminal Justice: The study of crime, criminal conduct, and the criminal justice system from a sociological perspective is covered in the specialization of criminology and criminal justice. Graduates can work in victim advocacy, correctional, or law enforcement. Medical Sociology/Public Health: This course prepares students for careers in public health research, healthcare management, and health policy analysis by focusing on the social determinants of health and healthcare systems. Environmental sociology: This area of study looks at how society and the environment interact, covering topics like environmental justice, sustainability, and climate change. Graduates can work in conservation, policy, or environmental advocacy. Career progression for MA in Sociology graduates Graduates holding a Master of Arts in Sociology are poised for dynamic career opportunities across an array of sectors. Armed with a nuanced understanding of human behavior, social structures, and research methodologies, these individuals can forge paths as research analysts, policy experts, and advocates for social change. Their insights into the intricacies of society equip them for roles in governmental organizations, where they can influence policies that address pressing societal issues. Alternatively, once they gain experience they might opt to champion causes with non-profit organizations, working directly with communities to drive positive transformation. The academic realm also offers opportunities for graduates to teach and with experience they can contribute to sociological research. Within the corporate sphere, their skills find value in roles involving diversity management, human resources, and market research, where sociological perspectives can shape more effective strategies. With time and experience they can also eventually get into leadership and management positions. MA sociology graduates are uniquely equipped to interpret and navigate the complexities of an ever-evolving world, making them invaluable contributors to diverse fields and agents of meaningful change. These graduates possess the tools to carve out fulfilling careers that create a lasting impact on society with their capability to decipher social dynamics and their commitment to understanding the human experience. Will an online MA in Sociology be a game-changer? The advent of online education has revolutionized higher learning, and an online MA in Sociology can indeed be a game-changer. Online programs offer flexibility, allowing working professionals and individuals with other commitments to pursue advanced education without upending their lives. This accessibility expands the reach of higher education, enabling individuals from diverse backgrounds and geographical locations to acquire valuable skills and knowledge. The online MA in Sociology from Sikkim Manipal University incorporates innovative teaching methods, virtual collaborations, and advanced technologies that enhance the learning experience. Interaction with peers and professors from around the world can provide a broader perspective, enriching discussions and insights. Conclusion In conclusion, a Master of Arts in Sociology opens diverse avenues for graduates. Whether delving into societal complexities or driving positive change, sociology graduates possess the tools to navigate a dynamic job market. As society continues to evolve, the adaptable skill set attained through this degree ensures that MA in Sociology degree holders are well-prepared to contribute meaningfully and thrive in various professional domains.
From application to offer: Navigating online job postings Navigating the intricate landscape of online job postings within the ambit of today’s fiercely competitive job market necessitates a systematic approach, one that encompasses a comprehensive spectrum of stages ranging from the initial application phase to the culmination marked by a coveted job offer. The contemporary milieu, characterized by digital proliferation, demands an elevated level of finesse and ingenuity to effectively distinguish oneself amidst a sea of candidates vying for attention. Understanding the current job landscape In today’s technologically advanced world, the job search process has undergone a digital transformation. Job seekers now have access to a plethora of online platforms where they can explore job opportunities, research companies, and submit applications. Many companies are using ATS systems to manage their recruitment process, which helps employers streamline the hiring process by automatically scanning and filtering resumes based on specific keywords and criteria. To ensure your resume makes it through the ATS, tailor your application to include relevant keywords from the job description. Companies are increasingly emphasizing diversity and inclusion in their hiring practices. Research the company’s diversity initiatives and incorporate any relevant information into your application. Emphasize how your skills and expertise complement their steadfast commitment to diversity and inclusion. Also read: The importance of building a strong LinkedIn profile for job seekers Exploring the steps from application to offer Crafting a stellar application Tailoring your resume and cover letter: Create a unique CV and cover letter for each job you apply for by accentuating your relevant abilities, experiences, and milestones that precisely meet the job specifications. Tailoring your application demonstrates your genuine interest and attention to detail. Showcasing relevant skills and achievements: Highlight specific skills, certifications, and achievements that are directly related to the job role. Use quantifiable data whenever possible to showcase the impact you’ve had in previous roles. Highlighting cultural fit and soft skills: Employers favor individuals who not only exhibit relevant technical abilities but also mesh well with the workplace culture. Incorporate soft skills such as communication, teamwork, and problem-solving in your application. Provide examples of how you’ve successfully demonstrated these skills in past experiences. Leveraging online platforms Exploring job search engines and websites: Utilize job search engines and websites to discover a wide range of job opportunities. Websites like LinkedIn, Indeed, and Glassdoor allow you to search for positions, set up job alerts, and research companies. Utilizing professional networking sites: These days, the market is brimming with powerful tools for networking and job searching. Connect with professionals in your industry, join relevant groups, and engage in conversations to enhance your visibility and expand your network. Monitoring company career pages: Many companies post job openings on their career pages before listing them on external job boards. Regularly visit the career pages of companies you’re interested in to stay ahead of the competition. Also read: 5 must-visit websites for effective job search: A placement training guide Making the initial connection The art of personalizing your application: It’s crucial to address the hiring manager directly in the cover letter. Research the company’s values, mission, and recent achievements, and incorporate this information into your application to demonstrate your genuine interest. Following application guidelines and deadlines: Comply with the company’s application guidelines. Pay close attention to deadlines and submission requirements to ensure your application is considered. Submitting a strong online portfolio (If applicable): If your profession involves a portfolio (e.g., design, writing, programming), create an online portfolio that showcases your best work. Provide clear explanations of your contributions to each project and how they align with the job you’re applying for. Preparing for virtual interviews Mastering video interview etiquette: Virtual interviews have become commonplace. Dress professionally, choose a quiet and well-lit space, and test your technology beforehand to ensure a smooth interview experience. Showcasing your adaptability and tech skills: Virtual interviews offer the opportunity to demonstrate your adaptability and tech proficiency. Learn how to use video conferencing technologies and be poised to troubleshoot any potential technological issues. Conducting thorough company research: Research the company’s history, values, products, and recent news. Use this information to formulate thoughtful questions and show your interviewer that you’re genuinely interested in the organization. Nailing the technical assessment Practicing coding challenges and tests: For roles involving technical skills, such as coding, practice coding challenges and tests. Websites like LeetCode and HackerRank offer a variety of coding problems to help you sharpen your skills. Demonstrating problem-solving abilities: Approach technical assessments methodically. Explain your thought process aloud, even if you encounter challenges. Candidates with strong critical thinking and problem-solving skills are in high demand by employers. Effectively communicating your thought process: As you work through technical problems, articulate your thought process clearly. Explain why you’re taking specific steps and how you’re arriving at your solutions. Effective communication is essential, even in technical assessments. Showcasing soft skills Emphasizing communication and collaboration: Highlight instances in your past experiences where you effectively communicated with team members, stakeholders, or clients. Showcase your ability to collaborate and contribute positively to team dynamics. Highlighting leadership and emotional intelligence: Share examples of times when you demonstrated leadership qualities and emotional intelligence. Employers value candidates who can lead by example, manage conflicts, and motivate others. Sharing success stories that demonstrate soft skills: Craft compelling stories that showcase how your soft skills led to positive outcomes. These stories provide concrete evidence of your abilities and leave a lasting impression on interviewers. Also read: Navigating placement drives: Tips to stand out and secure your dream job Negotiating compensation and benefits Researching salary expectations: Research industry-standard salaries for your role and location. This information will empower you to negotiate confidently and ensure you’re being compensated fairly. Articulating your value to the company: During salary negotiations, focus on the value you bring to the company. Highlight your skills, experience, and potential contributions that align with the role’s responsibilities. Negotiating remote work and flexibility (If desired): If remote work or flexible hours are important to you, discuss these preferences during negotiations. Be prepared to explain how you can maintain productivity while working remotely. Sealing the deal Sending a thank-you email after interviews: Following 24 hours of the interview, send a bespoke thank-you note. Acknowledge them for the opportunity, reiterate your interest in the position, and briefly outline what makes you ideal for the opening. Expressing enthusiasm for the position: Throughout the interview process, consistently convey your enthusiasm for the position and the company. Enthusiasm signals your genuine interest and commitment to contributing to the organization. Following up on the decision timeline: If the company provided a decision timeline, wait until that timeframe has passed before inquiring about the status of your application. Respect their process while expressing your continued interest. Also read: From student to professional: A guide to placement after an online course Online Manipal assists learners with regular job postings and placement drives Students who have enrolled for various online degrees and certifications on Online Manipal get placement assistance services including resume building, mock interviews, skill assessments, industry-readiness sessions, and more. Additionally, all students in the final semester of their respective programs can access the various job postings on the placement portal and apply for the ones they’re interested in. This makes their job search much easier. Wrapping Up In summation, excelling in today’s online job market necessitates a disciplined, well-calibrated approach. By applying meticulous research, tailoring applications, honing interview skills, and engaging thoughtfully at every step, you position yourself as a standout candidate. This systematic approach not only maximizes your chances of success but also showcases your professionalism and adaptability in the dynamic landscape of modern job seeking. Also read: The impact of placement training on employability skills
Placement training: Your bridge from education to employment In the journey from the hallowed halls of academia to the bustling corridors of the professional world, a critical juncture emerges that often determines the trajectory of one’s career – placement training. This precise guide attempts to provide insight into the significant role of placement training as the bridge that seamlessly connects education to employment. Let’s delve into the multifaceted significance of placement training, replete with its nuanced benefits, strategic imperatives for success, and the enduring, profound impact it etches upon the trajectory of one’s professional growth. Also read: How placement training can help you choose the right career path Deciphering the essence of placement training Placement training, a notable domain, epitomizes a specialized program that adroitly equips aspirants with a panoply of skills, knowledge, and the unassailable confidence requisite for transitioning seamlessly from the academic realm to the competitive milieu of the professional sphere. Beyond mere facilitation, placement training assumes the mantle of a transformative conduit, substantively augmenting the educational foundation with the practical finesse indispensable in the professional panorama. The benefits of placement training Placement training provides a comprehensive corpus of knowledge and skills that not only prepares you for the hiring process but also imparts vital lifelong skills to thrive in your career. It empowers you to present yourself as a capable and confident candidate, ready to contribute effectively to the workforce. Let’s have a sneak peek at the upsides of placement training. Crafting competence: In the sublime crucible of placement training, an extensive repertoire of skills burgeons. These encompass not merely technical prowess but the art of effective communication, the acumen to navigate intricate problems, astute critical thinking, and the quintessence of interpersonal refinement. Through immersive workshops, simulated interviews, and intellectual symposia, participants crystallize into versatile individuals and develop a well-rounded skill set that is valued by employers across industries. Real-world exposure: A significant advantage of placement training lies in its ability to expose students to real-world scenarios. Case studies, industry simulations, and hands-on projects provide a glimpse into the challenges and dynamics of the professional landscape, preparing candidates for the practical challenges they are likely to encounter. Insights into industry trends: Placement training, often graced by the knowledgeable insights of industry experts, impart participants with a clear idea of industry-specific trends, technological frontiers, and emerging paradigms. This empowers individuals to proactively align their skill matrix with the ever-evolving vistas of professional aspirations. How to get your first job: A guide to placement training for freshers Strategies for success in placement training Here are the key strategies to excel in placement training Holistic skill cultivation: Prioritize the acquisition and refinement of multifaceted skill sets that align with the demands of your chosen industry. This encompasses technical proficiencies as well as cognitive and soft skills that are integral to addressing complex challenges and fostering effective collaborations. Strategic resume refinement: Undertake a strategic approach to curating your resume, transforming it into a dynamic representation of your academic achievements, experiential endeavors, and accomplishments. Emphasize projects that demonstrate the application of theoretical knowledge to real-world scenarios, showcasing your capacity to contribute substantially to prospective employers. Interview mastery through deliberate practice: Delve into deliberate practice to cultivate an adeptness in handling diverse interview formats. Engage in simulated interview scenarios that encompass behavioral, situational, and technical inquiries, thus cultivating your ability to eloquently articulate your experiences, perspectives, and value proposition to potential employers. Rigorous company assimilation: Perform exhaustive research into the organizations that pique your interest. Acquaint yourself with their corporate ethos, market positioning, product or service offerings, and pivotal milestones. This in-depth comprehension will empower you to tailor your responses and questions during interviews to reflect a genuine alignment with the company’s trajectory and vision. Engagement with mock assessments: Immerse yourself in mock assessment exercises that closely replicate the evaluative procedures often deployed during placement procedures. These encompass a spectrum of aptitude evaluations, coding challenges, case studies, and problem-solving scenarios. You cultivate the dexterity required to navigate and excel in the diverse evaluative dimensions that placement processes entail by actively participating in these simulations. Also read: Preparing for success: The key steps in placement training The enduring impact of placement training The impact of placement training extends far beyond securing immediate employment. It serves as an investment in long-term career growth and development. Here’s how: Nexus of networking: Placement training helps develop your professional network with erudite industry stalwarts, peers, and alumni. This network develops into an invaluable asset for collaborations, mentorship opportunities, and updates on market shifts. The integrity of this network enhances the potency of future vocational possibilities. Directing adaptability: The variegated milieu of placement training inculcates a penchant for adaptability within participants. This attribute assumes relevance within a world characterized by flux. The ability to transform and embrace change is acquired, providing individuals with the resilience required to thrive in challenging environments. Perpetual arc of learning: The ethos of perpetual learning, pervasively imbibed within the precincts of placement training, evolves into a compass for continual upskilling. The program’s commitment to self-improvement and the development of new skills, which serves as its guiding principle, ensures its continued applicability in the workplace. Also read: The role of placement support services in bridging the job readiness gap Placement training services by Online Manipal Prestigious institutions like Manipal University Jaipur and Manipal Academy of Higher Education, offer an extensive selection of online courses via Online Manipal. Notably, Online Manipal stands out for its comprehensive placement training services, strategically designed to empower students to make informed career choices and achieve notable success in their professional pursuits. Also read: Importance of career readiness in online education: How placement drives can help This distinguished suite of placement training offerings encompasses multifaceted components such as meticulous employability assessments, skill-enhancement regimens, virtual placement drives, and more. Furthermore, Online Manipal extends industry-centric preparatory programs that effectively groom students for seamless integration into their respective sectors. Conclusion In the ever-evolving landscape of education and employment, placement training stands as a beacon of guidance and preparation. It transforms students into confident, capable professionals who are not merely equipped to survive but to thrive in the competitive world of work. It transforms students into confident, competent professionals who are not only geared up to endure but to flourish in the cutthroat workplace. Placement training bridges the discrepancy between education and employment, enabling individuals to take command of their destinies while making worthwhile contributions to the entities they serve.
Academic Bank of Credits (ABC): All you need to know The Academic Bank of Credits (ABC) is a game-changing concept introduced under the National Education Policy (NEP) 2020, by the Ministry of Education, Government of India, to enable academic flexibility and students’ mobility across multiple Higher Education Institutes (HEIs). ABC is a digital storehouse of the credits earned by students in various courses during their academic journey. It serves as a credit bank for students that allows them to accumulate, verify, transfer, and redeem their credits. ABC aims to create a seamless credit transfer system across Higher Education Institutions (HEIs) in India, ensuring flexibility and enhancing learning opportunities for students. Also read: What is the importance of WES evaluation for degrees? Significance of Academic Bank of Credits (ABC) The ABC system helps in streamlining credit accumulation, transfer, and recognition, enabling students to pursue interdisciplinary learning and customized academic pathways. This system empowers students by giving them the freedom to learn at their own pace, break away from rigid course structures, and accumulate credits from multiple institutions. Moreover, it plays a crucial role in promoting lifelong learning and promoting the continuous pursuit of knowledge. Key features and functions of ABC ABC account is mandatory for all students pursuing various courses in distance or online mode. The Academic Bank facilitates the creation, validation, and closure of student’s academic accounts. It is responsible for maintaining the authenticity and confidentiality of the credits. All academic institutions must register on ABC through the National Academic Depository (NAD). Only credits awarded by registered and verified institutions can be deposited into students’ accounts. ABC will only accept credits from institutes and not directly from the student. The credits earned by students will be valid for 7 years during which they can redeem these credits at any time. It allows students to drop out any year from their current institute and get admission into another by just transferring their credits. Check out: How online education breaking traditional barriers in education? Steps to create an Academic Bank of Credit (ABC) ID While it is the responsibility of the respective higher education institutes to create ABC IDs for their students by collecting relevant information like student’s name, date of birth, and Aadhar details, they can create one using the following steps: Login to DigiLocker: As a student, start by logging in to your DigiLocker account using your registered credentials. If you don not have a DigiLocker account, create one first. Search for Education: In the DigiLocker dashboard, navigate to the “Education” section to explore various educational services and offerings. Academic Bank of Credits Service: Within the Education category, you will find the “Academic Bank of Credits” service. This service facilitates the creation and management of your ABC ID. Create ABC ID: Click on the “Academic Bank of Credits” service, and you will be directed to the ABC portal. Here, you can create your ABC ID by following the necessary steps and providing the required information. Select your university: After creating your ABC ID, you will be prompted to choose your Higher Education Institution from the available options. Generate ABC ID: Upon selecting your University, click on the “Generate ABC ID” button to complete the process. Your ABC ID will now be linked to your DigiLocker account. For more information and to create your ABC ID, visit the official Academic Bank of Credits website: abc.gov.in. How to accumulate and check your credits in ABC? Accumulate credits: Once your ABC ID is created and linked to your DigiLocker account, you can start accumulating credits by enrolling in various courses and successfully completing them at any recognized Higher Education Institution. Check your credits: To check your accumulated credits, you need to log in to the official ABC portal at abc.gov.in using your ABC ID and associated credentials. Accessing credit details: Upon successful login, you will have access to a comprehensive overview of your academic performance, including the credits earned in each completed course. Also read: International branch campuses and their impact on India’s education system Academic Bank of Credits (ABC): What does it mean for students and Institutes For students: Flexible learning pathways: ABC enables students to choose courses based on their interests and skills, allowing them to explore diverse courses and create personalized learning paths. Quick and easy credit accumulation and transfer: Students can accumulate credits from different institutions, reducing redundancy and saving time and effort. Recognition of prior learning (RPL): ABC acknowledges prior learning and work experiences, allowing students to gain credits for skills acquired outside the traditional classroom setting. For Higher Education Institutions (HEIs): Increased enrollments: With the credit transfer system, HEIs can attract more students seeking flexible learning options and credit recognition. Enhanced collaboration: It fosters collaboration among HEIs by facilitating the exchange of academic credits, joint research programs, and student mobility. Quality enhancement: The system encourages HEIs to develop relevant and up-to-date course offerings to attract students from various backgrounds. Check out: What is CUET and how does it help students? Conclusion The Academic Bank of Credits (ABC) ID is a great initiative that can transform the higher education landscape in India. With an ABC ID, students can unlock the potential of their academic credits, explore diverse learning opportunities, and shape their educational journey according to their interests and aspirations. The ABC ID is a powerful tool that empowers students to become skillful professionals and prepares them for a future that values multidisciplinary expertise.
Global capital markets industry trends you should know Although the marketplaces can have substantially stabilized by the end of 2022, an unpredictable setting exists owing to factors including labor market supply and demand challenges, the turmoil in Ukraine, the natural gas crisis in Europe, and the odds of a further Covid-19 surge. Although there is little chance of a full-scale recession occurring, one must have the agility to be prepared for a range of situations related to capital markets and economic shifts. Stakeholders must remain cognizant and adaptive to the perpetual metamorphosis that characterizes global capital markets to optimize competitive edge and capitalize on emergent opportunities. Also read: Top emerging technologies in financial services and how to upskill in them Global capital markets overview The global capital markets, encompassing equity, debt, and derivative markets, serve as the backbone of the world’s financial system. The global capital market took a drastic turn in 2022. Stocks suffered their worst year since 2008; the S&P 500 dropped by 19.4%, while the Nasdaq by 33.1%. However, prominent indicators, including the S&P 500 and FTSE 100, which represent the equity markets, had consistent advances owing to technological developments and the economy’s post-pandemic recovery. The bond markets experienced varying trends, with some countries witnessing declining yields amid accommodative monetary policies while others faced rising interest rates due to inflationary pressures. The derivatives markets continued to be extremely active, and trade volumes reflected investors’ interest in risk management and hedging techniques. The global capital markets became increasingly dynamic as emerging markets, notably those in Asia, continued to grow. Regulations like Dodd-Frank in the United States and MiFID II in Europe are still impacting market dynamics and strengthening transparency. Global capital market trends to watch out Some of the latest global capital market trends to watch out are discussed below: Rising interest rates: When interest rates rise, it serves to dampen inflationary pressures and regulate economic growth. Consequently, this upward movement in interest rates bears profound implications for the global capital markets. Heightened borrowing costs can impact investment decisions, consumer spending, and the overall cost of capital for businesses. Furthermore, such fluctuations can alter the attractiveness of various asset classes, prompting a realignment of investment preferences among investors seeking optimal returns amidst evolving financial conditions. Monetization of data: In this era of unprecedented data proliferation and advanced analytics, data has emerged as a valuable asset with the potential to cause substantial value for enterprises. Companies are progressively devising strategies to monetize data through avenues such as data-driven insights, data-based products, and enhanced decision-making processes. For investors, harnessing data-driven insights grants a competitive advantage by enabling evaluation of companies’ performance, identification of salient market trends, and formulation of strategic investment decisions based on robust data-driven reasoning. FinTech & innovation: The swift and relentless progress of FinTech (Financial Technology) has instigated a paradigm shift within the financial services sector. By orchestrating the disruption of traditional financial models, FinTech companies have engendered innovative products and services that challenge the supremacy of established financial institutions. This wave of transformative technologies has not only redefined the dynamics of financial service offerings but also cultivated novel investment opportunities for astute investors who seek to capitalize on the unfolding FinTech revolution. Booming insurance sector: The insurance industry is currently experiencing unprecedented growth and undergoing a profound transformation driven by a confluence of diverse factors. The proliferation of emerging risks, including climate-related hazards and cyber vulnerabilities, has generated new opportunities and complexities for insurers. Concurrently, the advent of cutting-edge technologies such as telematics and AI has given rise to a new generation of insurance products and personalized customer-centric offerings. Digitization of operating model: Businesses are progressively integrating digital technologies into their operational frameworks across diverse industries. Companies endeavor to streamline their processes, optimize efficiency, and enhance the overall customer experience through the strategic adoption of cloud computing, artificial intelligence, and blockchain. Also read: Emerging trends in the BFSI sector Future of global capital markets Capital markets’ outlook and future exhibit optimistic prospects, driven by an amalgamation of flourishing technological advancements and dynamic regulatory paradigms. The pervasive integration of automation and artificial intelligence is set to redefine trading operations and risk management, imparting unparalleled efficiency gains and comparable reductions in operational overheads. Moreover, blockchain technology’s imminent predominance holds the promise of endowing the financial ecosystem with augmented transparency and fortified transactional integrity, thereby catalyzing investor confidence to unprecedented levels. Associated with this transformative evolution, a palpable increase in the demand for adept and skilled professionals is anticipated in the domain. The requisite expertise to tackle and navigate the new-age requirements will emphasize the relevance of accomplished personnel in safeguarding the market’s resilience. Notwithstanding the associated challenges, investing in global capital markets is a wise move as the future panorama of global capital markets resplendently summarizes growth, innovation, and exciting employment opportunities worldwide. Get a job in capital markets with an MBA in BKFS The pursuit of a career in capital markets through an MBA in BKFS (Banking and Finance) from T.A. Pai Management Institute involves engaging into the intricacies of financial instruments, trading methodologies, risk mitigation strategies, and comprehensive market analysis. Upon successful completion of the program, one gains proficiency in handling an array of capital market roles, spanning investment banking, portfolio management, financial analysis, derivatives trading, and risk management. Also read: Core concepts you will learn in an online MBA in BKFS These coveted positions require a profound comprehension of global financial markets, regulatory frameworks, and the acumen to make judicious strategic investment decisions which are equipped through the program.The capital markets elective within the program, help candidates enhance their professional prowess and aptly position themselves for significant roles within the dynamic financial landscape. Also read: Why are MBA-BKFS graduates sought after? Conclusion Resilience in the face of these transformative shifts necessitates sharp vigilance and adaptive strategies from investors, businesses, and financial institutions alike. By astutely monitoring these trends, stakeholders can acquire a comprehensive understanding of the nuanced intricacies shaping the market landscape, fostering informed decisions, capitalizing on emerging opportunities, and effectively managing potential risks.
Subjects you should keep pace with as banking professionals Embarking on a career in banking is a sensible choice presenting a plethora of opportunities for those seeking intellectual challenges and professional growth. As aspiring banking professionals, it is mandatory to keep pace with an array of pivotal subjects that underpin this dynamic industry. Acquiring an in-depth comprehension of intricate financial principles, encompassing multifaceted concepts of accounting, economics, and risk management, empowers us to navigate the complexities of contemporary financial transactions. Embracing the latest technologies and leveraging digital advancements is indispensable as the banking landscape undergoes a radical metamorphosis driven by innovation and fintech disruptions. Moreover, honing interpersonal skills to foster robust client relationships and cultivate seamless communication within professional circles is paramount to driving collaborative success. Concurrently, an astute grasp of regulatory compliance and legal frameworks ensures ethical conduct and fortifies the institution’s reputation. Thus, relentless pursuit of knowledge and unwavering adaptability are the hallmarks of thriving banking professionals, paving the way for a compelling and impactful career trajectory in this dynamic domain. Maintaining an in-depth comprehension of a multitude of pertinent subjects as a banking professional is essential for job advancement while offering clients exceptional service. The critical subjects addressed in this article will assist you in keeping the upper hand in the competitive world of banking. Also read: Why today’s banking professionals must master the applications of AI Key subjects to learn as a new-age banking professional It is indispensable for a contemporary banking expert to acquire insight into the vital subjects that dominate the digital disruption in the BFSI sector. The MBA in Banking and Financial Services (BKFS) program offers thorough insights into BFSI digital transformation trends and an advanced curriculum designed to meet the standards of the present-day banking context. Provided below are the key subjects you should learn as a new-age banking professional: AI in banking: The topic of artificial intelligence in banking digs deeply into cutting-edge technology, including ML (Machine learning), NLP (Natural language processing), and predictive analytics. Students nurture competencies to leverage AI applications to reinforce risk mitigation strategies, elevate fraud identification techniques, and optimize consumer experiences via this domain. Banking personnel can generate data-driven decisions while enhancing operational efficiency with the help of AI. Analytics for banking & finance: Individuals pursuing analytics for finance and banking acquire advanced data analysis skills. They can detect intricate trends, derive insightful knowledge, and arrive at fully apprised strategic decisions, thanks to data analysis abilities. A profound grasp of data analytics makes it simpler to gauge risk, deliver tailored customer care, and capitalize on financial data in the organization’s favor. TAPMI’s online MBA in Banking & Financial Services program offers this as a major elective basket that learners can specialize in. IT in banking: Comprehending information technology’s impact on banking in the digital age is essential. IT in banking explores the complicated structure of core banking systems, cybersecurity checks, and technological advancements, including mobile banking and blockchain. Competence in this field guarantees the ability to adapt to technological changes, delivering a secure and user-friendly banking experience for customers. International banking & foreign exchange: Proficiency in foreign currency and international banking matters as economic systems become more integrated. This subject includes a thorough understanding of cross-border transactions, foreign exchange markets, and global financial transactions. By pursuing international banking, learners acquire the skills necessary for effectively navigating convoluted exchange rates, hedging techniques, and regulatory structures. Credit analysis: The study of credit analysis centers on honing the skill set essential to evaluate a person’s or an organization’s creditworthiness. Analysis of financial statements, credit risk assessment, and loan structuring are all topics that individuals can learn. Credit analysis expertise ensures sensible lending decisions, protecting the bank’s financial health and fostering profitable client relationships. Also read: Top emerging technologies in financial services and how to upskill in them How to start a career in banking? You can take the following steps to get started with a career in banking: Pursue a relevant bachelor’s degree: Start by obtaining a bachelor’s degree in a field that pertains to banking, for instance, economics, finance, accounting, or business management. This will furnish you with a solid foundation of skills and expertise in the banking industry. Get a master’s degree: A master’s program in finance, business administration, or an associated discipline offers you an edge in the marketplace while opening up greater career possibilities within the banking industry. Consider pursuing a master’s degree if you want to improve your knowledge and raise your prospects of job advancement. Programs like MBA in Banking & Financial services will give you the right knowledge and skills to excel in banking. Write a bank exam if necessary: Some banking positions can need you to clear a bank test depending on the nation or region you want to work in. The purpose of these examinations is to evaluate your expertise and fitness for various roles in the banking sector. Identify the precise needs of the area you want to work in, then plan accordingly. Additionally, increasing your likelihood of landing a job in the banking sector by taking on internships or entry-level roles can be extremely helpful. Networking and building connections across the banking industry can also be valuable since it can culminate in career opportunities and insightful knowledge regarding this industry. Also read: Why BFSI professionals should stay abreast of trends in banking Top careers in banking 2023 Here are the top banking job roles in banking for 2023, along with descriptions of each position: Investment banker: An investment banker provides complex financial transaction counsel to businesses, governments, and other organizations. They assist clients in raising capital via a variety of strategies, including IPOs, bond issuances, mergers, and acquisitions. They also perform extensive analysis and due diligence to evaluate potential risks and opportunities for their clientele. The average salary for this role can go up to ₹40 Lakhs. Credit risk analyst: Assessing the financial standing of individuals, organizations, or institutions that are seeking loans or other credit facilities falls within the purview of a credit risk analyst. They evaluate financial data, examine credit histories, and employ statistical models to ascertain the probability of loan payback. They aid in the overall financial health of the bank by reducing credit risks. The average salary for this role can go up to ₹20 Lakhs. Bank teller: Bank’s frontline representative, a bank teller, assists clients with routine banking tasks like cash withdrawals, deposits, and cheque cashing. They also respond to consumer inquiries, give details on bank services and products, and keep precise track of transactions. The average salary for this role can go up to ₹8.7 Lakhs. Internal auditor: Examining a bank’s internal procedures, policies, and controls is an essential obligation for an internal auditor. They undertake unbiased, independent reviews to verify regulatory compliance, spot potential fraud, and gauge the success of risk management practices. Their work contributes to the improvement of the bank’s internal management and risk administration processes. The average salary for this role can go up to ₹12 Lakhs. Corporate banking: Professionals in corporate banking interact with corporate customers to deliver an array of financial services catered to their unique needs. This can entail offering credit facilities, treasury offerings, money-management solutions, and counsel solutions to aid firms to grow financially and profitably. The average salary in corporate banking can go up to ₹37.5 Lakhs. Private Banking: Private banking provides specialized financial services to high-net-worth clients. Private bankers build long-lasting relationships with their customers by learning about their specific financial objectives and offering customized wealth management, estate planning, and investment advice. The average salary in private banking can go up to ₹25 Lakhs. Pursue an MBA in BKFS through Online Manipal Pursuing an online MBA in Banking and Financial Services (BKFS) from T.A. Pai Management institute through Online Manipal is a prudent step toward a highly rewarding banking career for working professionals wanting to advance their careers. The MBA in BKFS program offers a challenging and extensive curriculum that imparts participants with a solid grounding in risk management, financial markets, and strategic decision-making. The platform of Online Manipal promotes flexibility without compromising educational quality by leveraging cutting-edge online learning systems. Also read: Core concepts you will learn in an online MBA in BKFS This prestigious program equips graduates to thrive in a variety of banking positions, notably corporate banking, wealth management, and investment analysis. Aspiring bankers are better equipped to take advantage of lucrative opportunities and strike an indelible mark in the fast-paced world of finance owing to professional networks and hands-on training received through this program. Conclusion The ability of banking professionals to thrive and grow in this dynamic field hinges on their expertise, adaptability, and commitment to continuing education regarding crucial subjects. Investing in the latest technological skills and expertise will not only promote their careers but also the overall progress and resilience of the banking sector. Pave your way ahead towards a rewarding banking career by enrolling in the online MBA in BKFS program from TAPMI.
Why AI skills are critical for today’s finance experts Artificial intelligence- a topic that no one can stop talking about, has taken the world by storm. The proliferation of AI skills has become a pressing need for today’s professionals in every field, and the financial landscape is no exception. The profound footprint of AI on the modern financial ecosystem can’t be overstated since it has drastically reshaped how financial firms operate, interpret data, and make substantial decisions. Finance professionals are better equipped to traverse the enormous volume of data, thanks to the integration of AI technologies, which also allows them to acquire deep insights into market dynamics, consumer behavior, and risk assessment. Additionally, AI-driven automation alleviates recurring processes, lowering expenses and accelerating workflows. Finance specialists versed in AI can embrace innovations with confidence and lead radical shifts within their corporations as fintech insurgents continue to surface. Also read: Why today’s banking professionals must master the applications of AI Why Finance experts should Know AI AI training for finance experts is a must to stimulate innovation, maintain competitiveness, and ethically navigate the complexities of the contemporary financial world. Here are just a few of the most prominent AI applications in the finance sector with their profound impact on the following. Risk management: AI’s emergence has brought in a major transformation in risk management. It transcends conventional processes by employing ML (Machine learning) algorithms to analyze copious data, including market trends, economic indicators, and unstructured information like news sentiment. Consequently, AI-driven models can detect intricate patterns and interrelationships, empowering astute risk assessment and bolstering resilience to dynamic market fluctuations. Fraud detection: The potency of AI in detecting financial fraud cannot be understated. Through advanced analytics and machine learning, AI detects irregular patterns in transactional data. AI systems rapidly adapt to novel fraud tactics, preventing false positives and enhancing the precision of fraud identification by imbibing a continuous learning process. Portfolio management: AI has revolutionized portfolio management by endowing it with unparalleled precision and personalization. Leveraging historical market data and multifarious indicators, AI algorithms offer insightful investment insights and facilitate optimized asset allocation tailored to individual investor objectives and risks. Personal finance: AI has ushered in an era of sophisticated personal finance tools and virtual financial advisors. Budgeting apps endowed with AI analyze expenditures, observe consumption patterns, and offer bespoke recommendations for saving and investment. Virtual financial advisors, fortified by AI algorithms, evaluate personal financial circumstances and devise custom-tailored investment strategies, fostering individualized wealth management. Corporate finance: AI’s assimilation into corporate finance has streamlined financial analysis and reporting. AI algorithms deftly process large volumes of financial data, unveiling salient indicators and trends. Furthermore, AI-driven forecasting models predict cash flows and revenue projections, equipping businesses with data-driven insights to refine financial strategies and optimize performance. Process automation: The transformative role of AI in process automation is indisputable. RPA (Robotic process automation) mechanizes repetitive tasks, such as data entry and reconciliation, while NLP (Natural language processing) facilitates seamless communication and information retrieval, augmenting overall operational efficiency. Credit scoring: AI’s disruption of credit scoring arises from its ability to amalgamate non-traditional data sources and sophisticated machine learning models. This affords lenders a more nuanced and accurate assessment of creditworthiness, integrating alternative data like utility bill payments and social media behavior. The result is expanded access to credit for individuals with limited credit histories. Trading: AI has engendered a profound transformation in trading strategies and execution. AI-powered trading systems promptly analyze real-time market data, news, and social media sentiments to identify opportunities and execute trades with accuracy and precision. This capacity to detect market inefficiencies and adapt to dynamic conditions enables traders to generate alpha and optimize trading outcomes. Loan underwriting: AI has bestowed immense improvements upon loan underwriting processes. Machine learning models adeptly analyze vast datasets, including credit scores and borrower characteristics, enhancing the speed and accuracy of credit risk assessment. Expedited and informed loan decisions ensue, fostering a streamlined underwriting process that serves both lenders and borrowers efficiently. How AI is shaping the financial services industry Artificial intelligence is reshaping the realm of financial services owing to its unrivaled upgrades in efficiency, handling risks, and customer-centricity. The confluence of AI’s analytical prowess, automation capabilities, and predictive aptitude indicates boundless potential for financial institutions and individual consumers, charting a course toward unprecedented innovation and transformation in the financial landscape. The potential of AI to streamline workflows while enhancing processes underscores the significance of the technology in the financial sector. Automated processes and AI-powered algorithms are revolutionizing operations like fraud detection, loan approval, and credit scoring, leading to more rapid, more precise conclusions. Additionally, AI-driven customization is redefining how clients interact with businesses. Engaging chatbots, tailored financial advice, and customized product recommendations are increasing retention and trust. Also read: Emerging trends in the BFSI sector Institutions can estimate potential risks and simulate probable scenarios for risk management, which strengthens resilience and decision-making. The financial services sector must navigate challenges, including privacy, ethical issues, and regulatory compliance, as it progressively employs AI technologies. Unleashing AI’s maximum potential while upholding transparency and confidence with stakeholders and customers entails striking a suitable balance between innovations and ethical AI deployment. How Fintech firms are using AI Fintech companies are strategically implementing AI technologies to overhaul the context of finance. These firms are now able to arrive at data-driven decisions, thanks to the incorporation of AI-driven techniques in investment management, which has boosted portfolio optimization and risk management. Furthermore, robo-advisors enabled by AI provide automated, affordable financial planning offerings to a larger clientele. NLP (Natural language processing), which analyzes extensive regulatory documents to ensure compliance with complicated legal requirements and reduce expenses, is another way AI is improving compliance operations. Also read: How will digital transformation reshape the future of banking in India? The synergy of AI and big data analytics has augmented the retention and acquisition of client initiatives by enabling more precise consumer segmentation and tailored marketing strategies. Careers in data analytics, algorithm growth, AI ethics, and regulatory compliance are in high demand as AI persists to spur breakthroughs in the Fintech industry. Finance professionals with AI skills are in high demand, which is fueling an upbeat labor market and the proliferation of this innovative sector. Pursue an online MBA in BKFS The T.A. Pai Management Institute offers an esteemed and exclusive online MBA program focusing on Banking and Financial Services (BKFS), through Online Manipal that is tailored to cater to the dynamic demands of today’s financial ecosystem. Aspiring finance professionals can better understand complex financial markets and manage risk effectively while creating strategic decisions with the utmost confidence thanks to this pioneering program’s advanced curricula, industry-aligned perspectives, and comprehensive skill development. Also read: Top emerging technologies in financial services and how to upskill in them The program is ideal for working professionals with at least a year of experience. The program will help professionals be future-ready by equipping them with knowledge about recent digital transformations in the banking sector, cryptocurrency & blockchain, AI in banking, and other innovations in the new-age BFSI environment. Participants also receive an immersive learning experience through Online Manipal. The seasoned faculty will help refine their leadership acumen and shape their skills to excel in the combative financial industry. As we can see, there are numerous and indisputable advantages of AI in financial services. Finance professionals can position themselves at the vanguard of innovation by adopting AI, fostering excellence for both their personal careers and professional development.
What does it take to become a credit risk analyst? In the realm of finance, risk, whether it be a loss or an unpredictable event, is anything that can have an adverse impact on your investing selections. Certain decisions might involve significantly greater risk than others; that’ll rely upon an array of parameters, such as the entity undertaking the risk, the context of the investment choice at hand, and so on. Credit risk analysts consider all the relevant factors and assess the level of financial risk before recommending a course of action. Credit risk analysts are crucial players in the financial sector since they assess the creditworthiness of individuals, businesses, or financial products. As financial organizations strive to mitigate risks while maintaining a stable lending environment, there is a rising demand for competent credit risk analysts. The BLS’s research of 2022 states that around 71,960 credit analysts have been employed in the USA. A vocation as a credit risk analyst presents a broad spectrum of choices for anyone seeking a role in the financial services sector. Credit risk analysts can become experts in particular sectors of the economy or types of financial instruments as they expand their expertise, enhancing their knowledge and augmenting their career prospects. It is an intellectually stimulating and professionally rewarding avenue for advancement since skilled credit risk analysts extensively contribute to the financial growth and security of their entities. Also read: Decoding the rise of job opportunities in the BFSI sector What is a credit risk analyst? A credit risk analyst is a trained professional with expertise in the intricate arena of financial risk assessment. Their principal duty is determining the creditworthiness of people, businesses, or financial institutions through comprehensive examinations. These professionals calculate the potential of loan default and prospective risk exposures by diligently reviewing credit scores, financial statements, and relevant data. Credit risk analysts assist financial entities in executing fully apprised lending selections, preserving the authenticity of their credit portfolios by using advanced statistical techniques and extensive industry knowledge. Their comprehensive insight and acute analytical skills serve as essentials to sustaining financial stability and curbing adverse implications in an uncertain economic climate. Educational qualification of a credit risk analyst Most organizations seeking credit risk analysts prefer applicants to have an undergraduate education in a quantitative business-related discipline comprising finance, accounting, economics, or an equivalent field. It is typically essential to have a bachelor’s degree along with significant relevant work experience to become a credit risk analyst. However, the majority of financial institutions favor recruiting personnel with a master’s degree in business administration, finance, or comparable fields. T.A. Pai Management Intitutes’s online MBA in Banking and Financial Services (BKFS) stands out as an exemplary choice in the context of setting up a worthwhile trajectory toward becoming a credit risk analyst. This revered program offers a rigorous and tailored curriculum to empower aspiring credit risk experts with an in-depth grasp of the complexities inherent in managing risks and credit evaluation. Its efficacy is driven by its inclusion of innovative industry practices and conceptual frameworks, which are imparted by an illustrious faculty of seasoned executives and academicians. Participants will acquire the competencies imperative for analyzing intricate financial data, evaluating risk profiles, and coming up with prudent loan decisions, thanks to the coursework and hands-on projects. Individuals can gain a significant competitive advantage by enrolling in TAPMI’s online MBA in BKFS, demonstrating their commitment to professional development and venturing their comprehension of credit risk analysis. With this advanced degree, they become more marketable and sought-after assets for businesses and financial institutions seeking knowledgeable credit risk specialists. Also read: Why are MBA-BKFS graduates sought after? Credit risk analyst roles and responsibilities The key roles and responsibilities of a Credit risk analyst are as follows: Credit risk assessment: Credit risk analysts are in charge of evaluating an individual’s and a business’s creditworthiness. This entails examining financial records, credit history, and other pertinent data to identify the odds of debtors defaulting on their debts. Determining the risk involved in granting credit to different customers or borrowers depends extensively on their expertise. Financial analysis: These professionals execute in-depth financial evaluations of prospective clients or borrowers. This implies perusing their income statement, balance sheet, and cash flow projections to gain insights into business stability and financial health. Accurate financial data interpretation can assist them in generating sensible choices about managing risks and granting credit. Risk mitigation strategies: Credit risk analysts are responsible for devising and proposing risk-mitigation measures that minimize prospective credit losses. These strategies can involve proposing acceptable lending conditions, collateral demands, or credit limits based on their evaluation of credit risks. The organization’s business interests can be preserved by deploying optimal risk mitigation strategies. Portfolio management: This personnel is tasked with proactively monitoring credit portfolios to keep the business’s risk exposure within acceptable bounds. The key to upholding a healthy credit portfolio is to constantly evaluate the performance of the current loans and uncover preliminary indications of credit issues. Credit policy development: Credit risk analysts play an integral part in the formulation and advancement of credit practices and regulations in this capacity. Their expertise can contribute to creating the firm’s credit risk administration policies, ensuring that they abide by legal requirements and industry standards. Data analysis and modeling: Credit risk analysts leverage statistical and financial modeling tools to project credit risk patterns and outcomes. Building and upkeep of credit risk models could enhance the organization’s capacity for proactive credit risk management. Skills required for a credit risk analyst A credit risk analyst must have a broad skill set, including financial acumen, analytic prowess, and potent communication skills, to thrive in this profession. Let’s delve deeper into Credit risk analyst skills: Data analysis: Credit risk analysts have access to enormous amounts of data; thus, they require good data analysis skills to derive insightful inferences from various sources. They use statistical methods, data modeling, and predictive analytics to discover patterns, trends, and potential hazards. Credit scoring models: Credit risk analysts employ credit scoring models to quantify risks. Generating objective and accurate credit decisions demands proficiency with various credit scoring methodologies in addition to experience building or deploying these models. Regulatory compliance: A credit risk analyst must keep abreast of financial guidelines, credit regulations, and compliance requirements. They need to make sure that every credit decision complies with the relevant regulations and corporate guidelines. Problem-solving: Credit risk analysts deal with challenging situations that call for innovative problem-solving techniques. They ought to be competent in figuring out potential hazards, assessing competing perspectives, and proposing practical risk-reduction solutions. Solid communication: A credit risk analyst’s job requires seamless interaction. They have to present their interpretations, risk analyses, and recommendations to various stakeholders, notably upper management and credit panels. It’s essential to be able to proficiently and convincingly convey complex financial facts. Decision-making: Decisions involving funding approvals or risk control strategies tend to be time-sensitive for credit risk analysts. One needs to have strong decision-making abilities that are prompted by statistics and in-depth analysis. Attention to detail: The position necessitates meticulous attention to detail. The preciseness of risk assessments can be substantially impacted by finding discrepancies, inaccuracies, or anomalies in financial data. Technology proficiency: Credit risk analysts leverage a broad range of software and tools to analyze data, estimate risks, and deliver reports. One must be adept in these technologies to manage and analyze massive datasets effectively. Also, familiarity with certain basic operations, including sorting, basic arithmetic operations, charts, graphs, and financial modeling, will give them an edge in the industry. Credit risk analyst salary In India, the salary of a credit risk analyst can go up to ₹20 Lakhs. The salary of credit risk analysts can vary based on various factors such as location, employer, years of experience, and skills. Conclusion In conclusion, becoming a risk analyst in finance calls for an amalgamation of formal education, specialized training, and real-world financial industry experience. You can have a lucrative professional journey as a credit risk analyst by continually improving your skills and expertise. TAPMI’s online MBA in BKFS program provides a game-changing entry point for driven individuals striving to succeed as credit risk analysts. The program’s extensive curriculum provides an unparalleled chance to discover one’s potential and achieve exceptional results in the fast-paced field of credit risk evaluation and management. Also read: Core concepts you will learn in an online MBA in BKFS
Online Manipal’s role in redefining independence in the lives of online learners What does Independence mean to you? Expanding your domain knowledge & skills from the comfort of your cozy home, making a career switch without quitting your current job or pursuing a degree at an affordable price with scholarship opportunities? Well, if Independence means any of this or otherwise, we have you covered. This Independence Day is not just a time for celebrations, but also for reflection on the essence of freedom and empowerment. In a world driven by technology and innovation, Online Manipal perfectly encapsulates these ideals through its #DrivingTheChange campaign, revolutionizing education and providing learners with the freedom and independence they deserve. Online Manipal has redefined the traditional boundaries of education by offering online degrees that are not only flexible but also widely recognized and valued in various industries. In a rapidly evolving job market, where skills and adaptability are paramount, Online Manipal allows learners to tailor their education around their lives, rather than the other way around. This unique approach liberates them from the constraints of a rigid classroom setting, empowering them to learn at their own pace and according to their individual schedules. #DrivingTheChange for your freedom The #DrivingTheChange campaign is a testament to Online Manipal’s commitment to fostering independence among learners. This campaign isn’t just about obtaining a degree; it’s about gaining the skills and knowledge needed to drive positive change in one’s life and the world at large. By offering a diverse range of online degrees, from business and technology to healthcare and more, Online Manipal enables learners to choose a path that resonates with their passion and aspirations, giving them the tools, they need to thrive in their chosen fields. Here’s how our Online Manipal has paved way for the freedom in our learners’ journey. The freedom to connect with diverse people Prof Alisha Shaw, online MBA An architect by profession, Prof Alisha Shaw is also a professor. With an aim to improve her management & people skills, she chose to pursue her online MBA from Manipal University Jaipur. “Online Manipal has given me the freedom to connect with learners from different states & countries, which has given me the confidence to communicate with different kinds of people,” she says. Online Manipal has also facilitated her professional growth, allowing her to improve her overall personality. The freedom to study anywhere, anytime Shivani Dewada, online MSc in Data Science Shivani has some experience in the field of statistics and wants to explore career opportunities in data science. She says, “Online Manipal has given me the freedom to study at my own pace and work on projects & assignments flexibly.” She not only took up this online program because it allows her to maintain work-life balance, but also because of the brand value of Manipal University. The freedom to study from home Sneha Jangir, online B.Com For Sneha, pursuing a flexible degree was the utmost priority. So, she discovered the perfect online degree in Manipal Uni “Online Manipal has given me the flexibility to study from my home, instead of attending college regularly in an on-campus setting.” Through Online Manipal, Sneha is able to write exams at her own convenience. The freedom of time Manjinder Pal, online B.Com Manjinder’s aim is to pursue his higher education abroad. He is preparing for several exams to fulfill that dream. “Online Manipal has given me the freedom to study for competitive exams to pursue my higher education abroad.” The online lectures and recorded video content have helped him grasp concepts in a better way. Online Manipal’s contribution to education resonates strongly with the ideals of Independence Day. Through their #DrivingTheChange campaign, we are not only providing education but also fostering independence, flexibility, and credibility for learners worldwide. As we revel in the festivities of the season, let’s also celebrate the freedom that comes from being educated and equipped to make a meaningful impact on our lives and the world.
