Why is doing an MBA after BCom a good idea? BCom is one of the most sought-after under graduation courses for students after 12th, especially those from commerce backgrounds. BCom graduates can find employment in finance, banking, accounting, auditing, and other popular fields. Candidates looking to up their career or switch their domains or gain advanced knowledge and skills in their preferred field of interest can pursue one of the most common postgraduation options, MCom or MBA. In this article, we’ll discuss the benefits of pursuing an MBA after BCom, what MBA specializations students should choose, and career options available after an MBA. Can I do an MBA after BCom? Is it a good option? MBA is one of the most preferred professional choices after BCom. An MBA after BCom can take your career to new heights. It levels up your skills, and those with this master’s degree can have the upper hand in job opportunities. MBA enhances provided advanced knowledge of finance, accounts and business, and it offers an overall understanding of business as a whole. The two-year program sharpens leadership, communication, problem-solving, and critical thinking skills. Read more: How an online MBA can help your career Advantages of doing an MBA after BCom Pursuing an MBA after completing your BCom can be a smart move for several reasons. Career advancement: Getting an MBA can help you move up the career ladder faster. You’ll gain valuable skills and knowledge that are highly regarded by employers. Professional growth: It’s like a turbo boost for your professional growth. An MBA program exposes you to real-world business scenarios, enhancing your decision-making abilities. Career transition: If you want to switch to a different field or industry, an MBA can help. It equips you with a versatile skill set that’s applicable in various sectors. Management roles: With an MBA, you’re well-prepared for managerial positions. You’ll learn leadership skills, making you a strong candidate for roles like team leader or department head. Better pay packages: Generally, MBA graduates command higher salaries. The investment you make in your education often pays off with better earning potential. Diverse career options: An MBA opens doors to a wide array of career paths. You can explore areas like finance, marketing, entrepreneurship, or even non-profit management. Networking: You’ll have the chance to build a robust professional network during your MBA program. These connections can be invaluable for future job opportunities or business ventures. Entrepreneurship: If you dream of starting your own business, an MBA provides the knowledge and skills needed to run a successful venture. It’s like a crash course in entrepreneurship. An MBA after your BCom can significantly boost your career prospects, increase your earning potential, and open up exciting new opportunities in the business world. Learn why an MBA is still a winner among graduates What are some of the suitable MBA specializations for BCom graduates? BCom graduates have a wide range of MBA electives/specializations to choose from. Here are some suitable options: MBA in Finance: This focuses on financial management, investments, risk assessment, and banking. It’s ideal for those interested in roles such as financial analyst, investment banker, or corporate finance manager. MBA in BFSI (Banking, Financial Services, and Insurance): BFSI MBA combines finance with an emphasis on banking and insurance sectors. It’s tailored for those aspiring to work in these industries, including roles like investment banking, risk management, or insurance underwriting. MBA in Information Systems: This specialization bridges the gap between business and technology. It prepares graduates for careers in IT management, business analysis, and data analytics, making it a great fit for the tech-savvy. MBA in Marketing: For those with exceptional creativity and communication, marketing specialization focuses on brand management, market research, digital marketing, and advertising. It opens doors to roles in product management, marketing strategy, and sales. Additionally, if candidates are looking to switch domains or explore other options, they can consider Retail Management, Operations Managment, International Business, Supply Chain Managment, Project Management, and Total Quality Management. Jobs that BCom graduates can get after doing an MBA Job role Highest annual salary Investment Banker 40 LPA Management Consultant 40 LPA Financial Manager 30 LPA Marketing Manager 23 LPA Supply Chain Manager 26 LPA E-Commerce Manager 19.3 LPA International Business Manager 28 LPA Source: AmbitionBox How to prepare for an MBA after BCom? You have to follow simple steps. Students have to appear for an MBA entrance examination after their graduation in B.Com. There are different MBA tests shown below: GMAT– for pursuing an MBA in India or abroad CAT/ XAT/ CMAT/ SNAP/ CET/ MAT– for pursuing an MBA in India After clearing one of these entrance exams, students move on to group discussions and personal interviews. Manipal University Jaipur offers online MBA admission to students as well as working professionals even if candidates don’t appear for these exams or get a good score, provided they meet the university’s eligibility criteria. Eligibility for MUJ’s online MBA Candidates must have completed their bachelor’s degree with a 50% aggregate from a recognized university Candidates must clear the university’s admission test Candidates who have a valid score from any entrance test like CAT/MAT/GMAT/XAT/CMAT need not appear for the admission test MUJ’s online MBA fee and duration Total course fee – INR 1,66,000 Semester fee – INR 41,500 EMI options: Starting from INR 6,917 Candidates who want to enroll for Manipal University Jaipur’s online MBA can do so by applying through the Online Manipal website. Live and recorded lectures, user-friendly LMS, free and readily accessible online learning materials, expert faculty, industry webinars, attractive scholarships, and placement assistance are some of the key benefits that students get. Read more – Top CAT exam alternatives for MBA Conclusion MBA is one of the best courses after BCom in India. It opens a more extensive scope of abilities to students and trains them positively for business management. MBA impacts the entire viewpoint of an individual about business and its activities. Therefore, doing an MBA after BCom will help you reach greater heights.
BCom vs BBA: What to choose after 12th? Choosing the right degree option, right after completion of their 12th can be a challenging task for students. One should make an informed decision by weighing in many factors as it is a crucial decision that defines your career trajectory. BCom and BBA are the two most common choices that students are usually presented with after their 12th. BCom offers a comprehensive understanding of commerce, economics, and finance while BBA program focuses on business management and administration. The career prospects vary too. BCom graduates often find themselves in roles like accountancy, banking, or finance, while BBA graduates lean towards managerial positions. This article delves into each degree, its scope, career prospects, and higher education possibilities. What is BBA? Bachelor of Business Administration (BBA) is an undergraduate program that focuses on business management and administration. It provides students with a comprehensive understanding of various facets of the business world, including marketing, finance, human resources, and entrepreneurship. The BBA course duration is typically 3 years and is divided into 6 semesters. What is the scope of BBA? BBA offers a wide range of opportunities and a strong foundation in business-related disciplines. Diverse career options: BBA graduates are well-equipped to pursue careers in various industries such as finance, marketing, human resources, and operations. Entrepreneurship: BBA programs often include coursework in entrepreneurship, making it an ideal choice for aspiring entrepreneurs. Managerial skills: The curriculum emphasizes developing leadership and managerial skills, which are valuable in any organization. Global perspective: BBA programs often incorporate international business concepts, preparing graduates for global careers. Career options after BBA Top jobs after BBA Sales & marketing manager They are responsible for leading a team of professionals who are involved in the sales and marketing activities of an organization. They must track market developments, develop marketing opportunities, create strategies, set up sales plans and ensure they’re implemented. They must possess in-depth knowledge and understanding of sales and marketing and have effective communication and leadership skills. Management consultant Management consultants help an organization solve issues, maximize the growth of a company and improve business performance. They perform quantitative and qualitative analysis to drive proposed solutions to various issues within the company. They can work in various sectors like banking, healthcare and engineering. Business development manager They are responsible for contacting potential clients and developing a strategy focused on financial gain. They identify new markets and satisfy customer needs. They keep a record of sales, revenue, invoices etc. They set goals for the development team and ensure the business is growing. Operations manager An operation manager is a key part of the management team. They oversee the operational activities of an organization such as recruitment, training, and other day-to-day operations. They also oversee financial planning, management, budgets, product delivery and strategy. Product manager Product managers are go-to people for a product. They identify customer needs and the larger business objectives that need to be fulfilled and build a strategy. They are heavily involved in a wide range of responsibilities like planning, delivery, and marketing throughout the product life cycle. They prioritize customer needs, work with sales and marketing teams and define the product vision. Find out more about the skills required for a career in product management. Read more- Top career options after BBA Higher studies after BBA BBA graduates who wish to further their education and expand their career prospects can consider various postgraduate options. Here are some common paths they can pursue: Master of Business Administration (MBA): Pursuing an MBA is a popular choice, as it provides advanced business knowledge and can lead to higher-level management positions. Master of Science in Management (MSM): This program focuses on advanced management concepts and is suitable for those seeking specialized knowledge. Master of Human Resource Management (MHRM): Ideal for those interested in specializing in human resources. Master of International Business (MIB): Suitable for those who want to focus on global business and international markets. Master of Finance (MFin): For individuals interested in finance and investment management. Master of Marketing (MM): Designed for those aiming to specialize in marketing and branding. You may like to know more about BBA degree program details. Skills developed with a BBA degree Analytical skills As part of your education, a BBA degree needs you to complete a lot of analysis. You will also master sophisticated analytical software, which is now a need for most management roles. Presentation skills Making presentations is an essential aspect of BBA degree programs and all connected jobs. Presentations are a common and efficient form of visual communication in the business. Accounting skills As part of the BBA program, you will learn about all areas of running a company, including accounting. To succeed, you must be naturally gifted with numbers. Management: BBA graduates learn fundamental principles of management, including organizational behavior, resource allocation, and project supervision. Financial acumen: BBA students gain a strong foundation in finance, accounting, and economics, enabling them to understand financial statements, perform financial analysis, and manage budgets effectively. Marketing skills: Understanding consumer behavior, market research, and marketing strategies is essential in various business roles. BBA programs often include coursework in marketing. Entrepreneurial mindset: Many BBA programs foster an entrepreneurial mindset, encouraging graduates to think creatively, take calculated risks, and explore opportunities for innovation and entrepreneurship. What is BCom? Bachelor of Commerce (BCom) is an undergraduate program that offers a broad foundation in commerce-related subjects, including accounting, finance, economics, and business management. It typically spans three years which is divided into 6 semesters. Know more about B.Com course details. What is the scope of BCom degree? Graduates with a BCom can pursue careers in various sectors, including accounting, finance, banking, marketing, and business management. They are equipped with skills in financial analysis, accounting principles, and business operations, making them valuable assets in both private and public organizations. BCom graduates can also choose to further their education through postgraduate programs like Master of Commerce (MCom) or Master of Business Administration (MBA) to specialize further and enhance their career prospects. Career options after BCom Top jobs after BCom Accountant An accountant is required in every organization, irrespective of which sector you choose. An accountant is responsible for making critical financial decisions for the company by collecting, tracking, and correcting the company’s finances. They are also responsible for financial audits, and ensuring that the organization’s financial records are accurate. Financial analyst The job of a financial analyst involves analyzing financial data, analyzing past results, identifying trends, and making recommendations for improvement. They are also responsible for evaluating the financial performance of the company and maintaining a strong financial analysis foundation creating forecasts and models. Business manager A business manager must oversee the activities and performances of other workers, hire and train new employees, and ensure that each department in the company is contributing to financial goals. They also ensure whether there are enough resources for workers and prepare reports for the management. Investment banker An investment banker is responsible for raising capital for businesses and individuals by issuing debt and selling equity. They develop various financial models to value debt and equity, mergers, acquisitions and capital-raising transactions. They also develop relationships with new clients to expand business. Financial risk manager A financial risk manager is responsible for identifying threats to assets of the company, analyzing business risks and offering a solution. They must possess knowledge in managing financial risks and work with banks, insurance companies and accounting firms. They work in various fields from financial services to marketing. Higher education after BCom BCom graduates seeking to enhance their qualifications and career prospects can consider pursuing higher studies. Here are some common postgraduate options: Master of Commerce (MCom): Provides in-depth knowledge in commerce-related subjects and is an ideal choice for those looking to specialize further. Master of Business Administration (MBA): An MBA can open doors to leadership roles and offers a broader understanding of business management. Chartered Accountancy (CA): Ideal for those interested in pursuing a career as a chartered accountant. Certified Management Accountant (CMA): Focuses on management accounting and financial management. Company Secretary (CS): For those interested in legal and corporate governance aspects of businesses. Master of Finance (MFin): Suitable for individuals looking to specialize in finance and investment. Skills developed with a BCom degree Computer skills All professional learning, including BCom, is now computer-based. You must be adept in the use of computers and other software programs that will benefit you in your studies. Accounting skills Accounting is a vital component of BCom. There are several jobs in accounting to explore after a BCom degree, so it is important to acquire accounting skills. To thrive in your job, you must be strong with numbers. Taxation skills Another vital element in BCom is taxation. You must have a strong knowledge of the country’s tax system, including laws and regulations and their applications. Tax knowledge will offer you a variety of professional opportunities. Analytical skills Analyzing figures, laws, and regulations, as well as utilizing analytical software, are significant parts of the course and professions, therefore you must be able to do analyses. Research skills BCom is a theoretical subject that necessitates extensive investigation. To perform well in the course, you must have solid research skills. You may be interested to know about the skills required for a BCom fresher. Eligibility criteria for BCom & BBA programs 10+2 from a recognized National or State board institution 10+3 diploma from a recognized national or state institute At least 45% marks in aggregate in 10+2 / Diploma (40% for reserved categories) (The above information is based on eligibility criteria for online BBA and BCom programs at Manipal University Jaipur) Read more about Common Universities Entrance Test (CUET) examination details. Course curriculum: BCom Vs BBA Course curriculum BCom BBA Semester 1 General English Economic theory Fundamentals of accounting I Business organization Principles of business management Communication skills & personality development Organizational Behavior Business environment Marketing management Computer fundamentals Semester 2 Computer awareness & internet Marketing management Fundamentals of accounting II Business law Fundamentals of entrepreneurship & innovation Economic environment in India Business communication Financial accounting Human resource management Quality management Retail management Semester 3 Business communication Financial management Cost accounting Business statistics Financial statement interpretation Legal & regulatory framework Quantitative techniques for management Research methodology Financial management Advertising & sales Semester 4 Indirect taxes Corporate finance Corporate accounting Environmental science Human resource management Business strategy Management information systems Management accounting Environmental science International marketing Rural marketing Semester 5 Management accounting Investment options and mutual funds Money & banking eCommerce International trade & finance Consumer behavior Business analytics Elective- General management Elective- Retail management Semester 6 Entrepreneurship development Principles & practice of auditing Business environment Direct taxes Dissertation Customer relationship management Digital marketing Elective- General management Elective- Retail management BCom or BBA: What’s best for you? The Online Manipal advantage Online degrees are definitely the way forward in today’s world. Be it flexibility, accessibility, or cost-effectiveness, there are several factors that have made online degrees more desirable. In that sense, pursuing a degree from top universities like Manipal University Jaipur (MUJ) and Manipal Academy of Higher Education (MAHE) through the Online Manipal platform can secure your future. MUJ’s online BCom degree is designed to build competencies required in the field of commerce. On the other hand, the online BBA program is attuned to the latest pedagogy and prepares you for many contours your professional life might take. So, make the right decision for a bright future in these in-demand programs. Both these online undergraduate programs come with a plethora of exceptional benefits. Students can apply for scholarships, avail easy financing options for fee payment, access live as well pre-recorded lectures, online learning materials, attend webinars from industry experts, and get placement support
BCA final year project topics and ideas The BCA (Bachelor of Computer Applications) is a three-year undergraduate degree program that prepares students to work as software developers, systems designers, computer programmers, and other professionals in the tech world. A syllabus gives students all-encompassing expertise spanning the techniques and key domains of computer science in theoretical and practical ways to achieve this goal. Such a course framework also encompasses the BCA final year project which is aimed to integrate practical and theoretical knowledge to solve real-world challenges. This final year project is quite important in a student’s life. Many things depend on it, and hiring managers also use it as a benchmark. There will be several bends in the path during the duration of your project. This post will assist you in gaining powerful insight into how to proceed with your BCA project topics. We’ve put together important ways to assist you in acing the final year assignment. Also read: How BCA helps you launch a career as IT consultant Pick your project topic carefully Selecting the correct topic for your final year project is critical. With so many options accessible nowadays, making this selection might be difficult. Pick a suitable project topic that applies to your area of interest. It is also recommended that you choose a topic with powerful motivation. For example, a project that benefits humanity will be unrivalled. Another thing to remember is to choose themes that aren’t overly popular. Select the appropriate project mentor Project mentors heavily influence the process and outcome of your final year project, and they should be fantastic instructors and subject matter experts. It will be helpful if your mentor is undertaking experiments on the same topic or has previously written research articles. By employing your guide’s experience and expertise, you can add tremendous value to your BCA project. If you’re working on a collaborative project, you’ll need to pick the right team to work with besides the practical project guide. It is critical to select project participants that are amicable and consistently dedicated. Make a thorough project plan It is as basic as it seems, yet it’s crucial. Once you’ve decided on a proposed BCA final year project and a mentor, you’ll need to establish detailed plans for the entire procedure. A BCA project plan covering the aim, study, specifications, cost estimates, execution, and presentation is ideal. Plan and stick to it, maintaining timeframes in mind; this will assist you to optimise and avoid last-minute uncertainty. The best strategy is to split up your development schedule and then execute them. A well-thought-out project strategy can perform more effectively than one might expect. Examine the published research papers If you read research papers directly relevant to your subject, you will gain various benefits. For example, you’ll see what information is already accessible and what isn’t. In this manner, you may validate that your project provides data not found in other projects. Reviewing research articles might provide suggestions, a solid basis, and a plan for completing your final year project. Prepare and submit a research report Among the few strategies to give your project more legitimacy is to submit a research paper for review. This boosts your self-assurance when you deliver your product. Research articles frequently provide new prospects. When you’ve finished your research article, ensure to reference it, review it, and change it properly. Evaluate your document for redundancies, grammatical mistakes, and adherence to quote guidelines. Publishing a research paper in peer-reviewed publications that provide global recognition to students, organisations, and institutions is strongly advisable. This also aids in the enrollment of students for higher study at reputable institutions. Test and execute your project It is vital to test and execute your final year project before delivering it. This gives you a chance to correct any inaccuracies that may have occurred. You can undergo the cycle using trials and experiments. You might use test scenarios to see if your product is producing the desired outcomes. Ensure the outcome is in line with the project’s objective and that there are no variances. Presentation If you can’t execute it successfully on the last day, it’s worthless to have worked so hard on your final year project. As a result, it is critical that you are well-versed in your topic and can provide an engaging, in-depth, and engaging demonstration about it. You can communicate the project findings effectively if you use data visualisation in your presentations. Make preparations to address the panel’s queries thoughtfully and quietly throughout your session. With a great deal of effort, you can perfect the art of giving a presentation. Those were the essential project tips for the easy completion of your year-end project. Now that you better understand the best project suggestions, you can plan around them and strive hard to finish a fantastic final year project. Check out: BCA: A flexible and affordable way for a tech career Top BCA Project Ideas Let’s look at the top 10 ideas for the BCA final year project. 1. Sales forecasting system fore-commerce food products E-commerce has progressed to help people find and buy things through online stores and platforms; because of factors such as the latest trends, quality of food, and so on, online food sellers’ sales chart changes. The forecasting system assists by preserving historical sales data and estimating future sales based on recent sales. Admin and User are the two modules in this sales forecasting programme. Admin can insert goods, view products, users and view the generated sales predictive analysis report. Users can examine the products added by the administrator, add products to their cart for purchase, track orders, and view past order history. 2. System to detect fake logos online Every year, unlicensed knockoffs and counterfeits cost brands a large number of their revenues. Because fake goods are typically lower quality, they end up tarnishing the brand’s reputation. Consumers are frequently defrauded of their hard-earned money when paying an extravagant price for a bogus product. This Logo Detection software for the final year project in BCA assists buyers in distinguishing frauds from genuine products. A consumer can use this approach to determine whether a product is genuine. This tool can also assist brands in their fight against counterfeit goods. By evaluating the logo on the goods, this Logo Detection project seeks to assist users in identifying frauds. 3. Wishlist products price comparison Since the e-commerce revolution, price comparison websites have grown in popularity. Price comparison services provide data and values that help users save money while buying online. Several price comparison sites compare product prices, but none compare the prices of items in the wishlist. This topic aims to develop a price comparison mechanism that compares the prices of only the products that customers are interested in buying. The system contains an advanced feature that sends notifications when the price of a product that has been added to a wishlist changes. This price review site is quite useful for frequent online buyers who want to compare costs from many online businesses in one spot. 4. Project on image mining It focuses on improving image search. Typically, we find solutions that give an effective data mining capability. This includes looking for information by comparing it to text data. We can easily mine this text data because we just match the words to the words in the databases. For photos, most systems rely on data mining to find images using the image alt property or title, which is the text linked with the image. This system compares images visually to establish a connection between image colour values, using image pattern and graphic approaches to locate a fit. This effective image mining system uses graphical pattern matching approaches and algorithms for rapid and approximation image retrieval. 5. Smart health advisory system Such a project topic helps to build a tool to keep patients’ medical data and even schedule visits with different providers for appropriate treatments. The user must become a member of the system to keep her/his medical information up to date. Patients can then choose from a list of expert doctors at specific locations for certain treatments, such as dentists, skin specialists, ENT specialists, cardiologists, and so on. Patients can also choose when they want to meet and when they don’t want to meet. 6. Project for advanced video surveillance This BCA final year project is a novel approach to video surveillance software development. Video cameras are commonly found in strategic areas and even in residential buildings, which record and keep surveillance video for days or months at a time. A considerable battery capacity and storage capacity are required to save these huge video clips. This project focuses on developing a video surveillance programme that is an improved version for security to watch and record only odd changes. When the system detects odd behaviour, it takes action and notifies the user by: Sending a text message to the user informing them of unusual activity Sending an image of the action to the user’s email address so that he can assess the severity of the problem and respond appropriately The system’s key benefit is that it immediately warns the user if there is any suspicious behaviour at the location and needs considerably less storage space than typical surveillance systems. 7. Mobile quiz through Wi-Fi Mobile quizzing is an Android gaming app that introduces a new way to play quizzes on mobile phones. It presents the gamer with a worthwhile challenge, and the software comes with an admin login that has complete control over the server’s quiz system. The query and answers are entered into the system by the admin. These questions are chosen at random and delivered to users’ Android handsets. To play the quiz, users must first register an account with the system. The system will check all the answers at the finish of the quiz and provide a brief report with feedback. 8. Secure ATM using card scanning plus OTP This project presents a secured ATM system that includes a card scanning system coupled with an OTP password system through SMS for better security. For money withdrawal, standard ATM systems do not include the OTP capability. This suggested system includes both an ATM card reading process and an OTP. Users can log in to the system by scanning their cards. However, once the users have completed the authentication process, they can read details but will be prompted to enter an OTP as soon as they select the cash withdrawal choice. The user’s password is set and given to their phone. To withdraw money, she/he must now enter the OTP into the system. With two levels of protection, this system offers a comprehensive, secure way to conduct ATM transactions. 9. Stream analysis for career choice aptitude tests The necessity for such an online IQ test emerged primarily because of the current system’s shortcomings. Here, the major goal is to provide users with more dynamic and user-friendly software. The IQ test creates a more enjoyable working environment, increases the clarity with which appropriate information is presented to the user, and allows for faster access to and retrieval of data from the database. Questions can be saved and retrieved using this system, eliminating the need to prepare question papers each time. The system verifies the answer by comparing it to the database’s predetermined answers. If the candidate receives a high score, the algorithm will switch the queries to expert level and ask questions about the candidate’s subject of interest. Admins can add and remove queries from the database. Each user’s results are saved in the database, and the system produces a spreadsheet report from them. 10. College bot project The college bot BCA final year project is powered by artificial intelligence algorithms that evaluate user searches and comprehend their messages. This programme is a web application that responds to the student’s questions. Students only need to ask a question through the bot used for talking. They can chat in any format they want; there is no need to adopt a thematic structure. The system’s built-in artificial intelligence answers the queries and gives responses. The system allows the user to inquire about any college-related activity. The user is not required to visit the college in person to get information. Read more – B.Com final year project topics and ideas Conclusion Design your BCA project for the sake of learning, not for the sake of getting good grades only. If you don’t put your effort layered with problem-solving skills, you may develop the project, but you won’t be getting something valuable out of it. Define yourself with the habit of discovering and exploring something new. No one is extraordinary, but the ones who know how to work smart, if not harder. We have provided you with information regarding the latest BCA project topics through this post. Select the suitable BCA final year project topic as per your interest and keep pushing yourself to learn new things. Read more – 5 reasons to study online BCA at Manipal University Jaipur
Custom mobile application development Creating Mobile applications can be an overwhelming undertaking. Nonetheless, the expense and time spent fostering an application are substantially less when you know your organization’s requirements and objectives a long time before plan and improvement occur. Custom mobile application development might appear to be a great deal of work at first, however it is definitely worth the venture in light of its drawn-out benefits. Why choose Custom Mobile App Development? There are a few benefits of settling on custom Mobile app development rather than outside versatile application improvement stages. The absolute most significant advantages are recorded underneath: It gives you the opportunity to plan and create your application without any preparation- There is a compelling reason to keep inflexible rules set by a stage. In the event that there is a need to change something in your application, you can do it without stressing over the stage’s specialized particulars and limitations. It permits you to foster a custom application for your organization You can utilize the application for building a strong brand presence on the lookout. You can likewise involve it as a showcasing device to hold clients and increment deals. It assists you with making applications of top Caliber Organizations that put resources into custom Mobile application development recruit engineers who have critical experience and abilities, which eventually expand the pace of the application they produce. It sets aside time and cash At the point when you create an application with custom versatile application advancement, it requires less investment to arrive at consummation than outsider stages since there is no requirement for customization or joint effort. Advantages of Custom Mobile App Development There are many advantages of custom Mobile app development some of them are recorded beneath: It assists you with acquiring an upper hand on the lookout It permits you to make applications for your organization that are remarkable and better than those created by outsider stages. This expands the likelihood of progress for your application and assists you with acquiring an upper hand over contenders. It expands the possibilities of maintenance Best of all, it expands the possibilities of holding clients in light of the fact that the applications created for your organization will be bound to be enjoyed by clients and increment maintenance. It assists you with further developing memorability It very well may be utilized as a showcasing instrument for your organization. On the off chance that a client loves your application, she may be leaned to purchase your organization’s items. It advances client maintenance Clients are probably going to utilize the versatile application made by the organization they like, which will assist them hold their commitment with the brand. It increments degrees of consistency The main justification behind picking custom Mobile app development is that it expands the degree of client maintenance and dependability, which assists you with acquiring clients than clients who utilize outsider stages. Building a strong brand can be utilized You can utilize your custom Mobile app development to make a strong brand and feature your organization’s capacities. It increments piece of the pie At the point when you create an application for an organization, it will assist you with further developing your piece of the pie due to its uniqueness and prevalent highlights. It shows that your image is significant about the market- This gives clients the feeling that your organization is significant about showcasing and marking itself. It prompts expanded deals At the point when clients use applications created by the organizations they like, they are probably going to purchase their items all the more frequently as a result of their experience with the brands of the organizations which fostered these applications. It expands the possibilities getting more recurrent business- At the point when clients utilize your custom Mobile app development, they are probably going to require it again later on, and making additional buys from your company will be conceivable. It helps increment online deals You can utilize custom Mobile app development to change overseas guests into clients. This is a magnificent approach to expanding on the web deals and expanding your organization’s income through this channel. It brings down support costs-If a custom Mobile app development isn’t utilized by the clients to an extreme, then it may not be excessively expensive contrasted with different sorts of applications utilized consistently. Key features of custom apps They are of great value -You can foster a top-notch application that is profoundly utilitarian and beautiful on the grounds that you have total opportunity to plan and make without observing any rules set by a stage. They are easy to use -When you construct the application yourself, you realize your objective client’s needs and inclinations well. Subsequently, your versatile application will be easier to understand than applications created by outsider stages. They make brand dependability -Your marked versatile application can be a strong promoting instrument for your organization. It assists with expanding client commitment and maintenance, which builds the likelihood of client devotion towards your image. They are of flawless quality-If you have put resources into custom Mobile application improvement, it will convey preferred quality outcomes over applications created by outsider stages. They upgrade your image picture you can utilize custom Mobile app development to construct major areas of strength for a picture and make your organization more famous on the lookout. Instructions to develop custom applications Mobile Apps can be made by versatile application designers utilizing various apparatuses and advances. Some of them are Cross breed applications The greatest aspect of cross breed applications is that they are created as local applications, yet at the equivalent is time, it is not difficult to port them to different stages like Android, iOS, or others. They are convenient for more modest organizations that don’t have a monstrous financial plan for Mobile app development and need to test things out in the market prior to putting resources into the advancement of completely useful applications. Local Apps These are the best kind of versatile applications you can create as they are made utilizing code well defined for stages like Android or iOS and can be utilized on the two work areas and cell phones effortlessly. The stage for custom applications developments are: HTML The most well-known and popular stage for making custom versatile applications is not difficult to utilize, and you can make an application that is sharp, practical, and easy to understand. Xcode This is the best spot to foster an Apple application as it permits you to make local Android applications with practically no problem. On account of iOS advancement, it will empower you to make iPhone applications with practically no difficulties. Adobe AIR This is an astounding stage for designers who need to make versatile applications for Microsoft stages like windows iOS or Mac OSX NET The most well-known stage for Microsoft designers utilizes C# language and .NET system to make Mobile applications. How much does it cost to develop a custom application The expense to make a custom Mobile application relies upon the accompanying elements: Cost of advancement This can fluctuate contingent on the sort of application you need to create and the accessibility of assets. In the event that you will make a basic application, it very well may be modest when contrasted with an application that is convoluted and requires more exertion and time, however it will likewise cost more when contrasted with straightforward applications Stage for development The stage you decide for Mobile application development can influence the expense since certain media are relatively less expensive than others. Subsequently, on the off chance that you utilize a cheap stage for application engineers, your Mobile app development will be more reasonable than picking a scene that costs significantly more. Cost of devices Most stages are outfitted with the essential instruments to assist designers with making a custom Mobile application with practically no Hardship. The most outstanding aspect of these apparatuses is that they will be accessible in all dialects, so you don’t need to stress over the language you are utilizing for the turn of events Cost of plan This really relies on how elaborate you maintain that your application should be, yet it shouldn’t go excessively modest as it adds to the general expense We can say that custom versatile application improvement is stylish among IT organizations since it assists them with making a Mobile application for their business to build their piece of the pie and grow the business. Aside from this, custom Mobile application advancement likewise has numerous different advantages. It will assist you with building client commitment and maintenance; further develop client reliability towards your image and company, support online deals, and other things like this. Read more such interesting and insightful articles written by the online students at Manipal University Jaipur on Online Manipal.
What is Budget Marketing? Budget marketing refers to the process of creating a marketing strategy and implementing tactics with limited financial resources. This can be especially important for small businesses or startups that may not have a large marketing budget. Budget marketing involves finding cost-effective ways to promote your brand, attract customers, and increase sales without overspending on traditional advertising channels such as television, radio, or print media. Budget marketing strategies typically involve leveraging digital marketing techniques such as social media marketing, email marketing, content marketing, and search engine optimization (SEO) to reach target audiences. These tactics are often less expensive than traditional advertising and can be highly effective in engaging customers and generating leads. Tips for effective Budget Marketing Focus on your target audience: Understanding your target audience is essential for effective marketing. By knowing who your ideal customer is, you can create content and campaigns that are more likely to resonate with them. This can help you attract more qualified leads and increase conversions, without spending a lot of money on advertising. Leverage social media: social media is a powerful tool for reaching customers and building brand awareness. By creating engaging content and sharing it on social media platforms like Facebook, Twitter, and Instagram, you can connect with your audience and promote your brand for free. You can also consider using paid social media advertising, which can be less expensive than traditional advertising channels. Utilize email marketing: Email marketing is a cost-effective way to communicate with your customers and promote your brand. By building an email list and sending regular newsletters or promotional emails, you can keep your brand top of mind and drive traffic to your website. There are several free or low-cost email marketing platforms available, such as Mailchimp and Constant Contact. Partner with other businesses: Collaborating with other businesses in your industry can be a great way to reach new customers and expand your reach. By partnering with complementary businesses, you can cross-promote each other’s products or services and tap into each other’s customer bases. Focus on word-of-mouth marketing: Word-of-mouth marketing is one of the most effective forms of marketing, and it’s completely free. Encourage your satisfied customers to leave reviews on sites like Yelp or Google My Business, and offer referral incentives to encourage them to spread the word about your business to their friends and family. Conclusion Overall, there are many cost-effective marketing strategies that small businesses can use to grow their brand and attract customers. By focusing on your target audience, leveraging social media and email marketing, partnering with other businesses, and encouraging word-of-mouth marketing, you can create a successful marketing plan on a budget. Read more such interesting and insightful articles written by the online students at Manipal University Jaipur on Online Manipal.
MCom final year project topics The Master of Commerce or MCom is a two-year postgraduate degree course which can be pursued after BCom. Students who wish to pursue their careers in finance and accounting can go for this degree. This course builds on the concepts learned in a BCom degree and provides more advanced knowledge of the subject. The course curriculum includes subjects like financial accounting, cost accounting, economics, statistics, etc. After completing this course, students can find employment in various fields, such as banking, insurance, and taxation. They can also work in government organizations and multinational companies. With the growth of the economy, there is a huge demand for skilled MCom graduates in India as well as abroad. The scope of MCom is vast, providing ample opportunities for students to grow in their careers. There are many colleges and universities in India which offer this course in both online and offline mode. With the advent of online education, students can now pursue this course from the comfort of their homes. Online MCom programs are designed keeping in mind the needs of working professionals who cannot attend regular classes. These programs are very flexible and offer a lot of freedom to students in terms of time and place of study, and students can pursue this course at their own pace and complete it within a stipulated time frame. Also read: Top 10 highest paid jobs in India for commerce graduates What is the importance of a project for final-year MCom students? A project can be defined as an endeavor with a specific objective undertaken with a set of deliverables in mind. It is generally given to students in order to achieve certain objectives within a specified timeframe. It requires the coordinated efforts of individuals to plan, execute and monitor a project’s progress. A project for final-year MCom students is an opportunity to showcase your knowledge and skills. It is a chance to demonstrate your ability to conduct research, analyze data, and draw conclusions. A well-executed project will impress potential employers and help you stand out from the competition. Additionally, a project can give you a sense of accomplishment and pride in your work. It is an opportunity to show the world what you are capable of and to make a difference in your field of study. So, if you are considering a career in commerce, make sure to put your best foot forward with a stellar final-year MCom project. Many students find themselves at a loss when they need to complete a project for their final year of study. After all, a project is not simply a school assignment – it’s an opportunity to showcase your knowledge and skills to potential employers. Learn why project work is important MCom students: A project reflects your ability to research and present information coherently and concisely. A project allows you to display your analytical and problem-solving skills. A well-executed project demonstrates your proficiency in using various software applications and tools. A project allows you to work independently and manage your time effectively. A successful project showcases your team-working skills and ability to collaborate with others. A good project highlights your creativity and resourcefulness. Completing a challenging project instills confidence in your abilities and demonstrates your commitment to achieving results. Working on a project allows you to gain valuable industry experience and knowledge. A good final-year project can help you stand out from the competition when you enter the job market. Ultimately, completing a final-year project is an excellent way to prepare yourself for the real world of work. Check out: M.Com degree course benefits Learn how an effective project can help you secure a job An employer wants to know that you are capable of not just completing a task but can also take the initiative and see projects from start to finish. Effective project work can help demonstrate these qualities and can help secure you the job. Work to develop an innovative or interesting project to impress your potential employer. Make sure you are clear about your role in the project and take ownership of your responsibilities. Applying for a job can be daunting, but there are ways to make your application stand out from the rest. One way to do this is to create a compelling and innovative project. Here are ten ways to make your project stand out: Do your research: Make sure you understand the project topic well before starting your project. Be original: Employers are looking for creativity and outside-the-box thinking. Be relevant: Ensure that your project is relevant to the job role you’re applying for. Make it professional: Even if it’s a personal project, present it in a professional manner. Pay attention to details: Attention to small details can make a big impression. Be passionate: Employers want to see that you’re excited about the project. Follow instructions: Follow the instructions carefully while doing your project closely. Get feedback: Ask for feedback from friends, family, or mentors before submitting your project. By following these tips, you can create an effective and impressive project that will help you secure the job you want. Things to consider before you start your project Before you start your project, there are several things you should keep in mind. First, what is the scope of your project? What are your goals and objectives? etc. Once you have a clear understanding of the scope of your project, you can begin to develop a plan. How will you go about accomplishing your objectives? By developing a well-thought-out plan, you can increase the chances of your project being successful. Starting a project can be exciting. But before you begin, there are a few things you should keep in mind. Here are a few points to consider before you start your project: Define your goals. What do you want to achieve with this project? Be as specific as possible. Plan your timeline. How long do you need to complete the project? Make sure to allow for unforeseen delays. Choose your format. How will you deliver this project? Will it be a presentation, a report, or something else entirely? Create a schedule. Work out when each task needs to be completed in order to meet your deadline. Make sure to allow for breaks and downtime too! Prepare for the unexpected. Things never always go according to plan- so be prepared for disruptions and curveballs. Consider these points before choosing your project topics for commerce students. List of project ideas for MCom final-year students Few commerce-related project topics for MCom are given below: Future of public sector banks in India – For M.com final year students, researching the future of public sector banks in India can be an interesting project idea. After all, these banks play a vital role in the country’s economy. In recent years, however, they have faced several challenges. For example, non-performing assets have been increasing, and there has been a lot of consolidation in the banking sector. As a result, it is essential to understand the factors that will shape the future of public sector banks in India. It could include looking at the government’s policies toward these banks, the competitive landscape, and the evolving needs of bank customers. By understanding these factors, MCom students can gain insights into the challenges and opportunities that public sector banks will likely face in the years ahead. A study on equity analysis: Finance & banking sector – As an MCom final year student, you will be required to present a thesis proposal for your final project. The topic can be related to any aspect of the financial services sector, such as stock market analysis and equity analysis. You need to do some research on your topic and develop a brief proposal on it before presenting it to your supervisor. With a finance and banking background, you are expected to understand financial concepts like risk management and capitalization well. You should also understand the basic principles of accounting, like accrual accounting, cash flow statement, and income statement. You can use tools like Bloomberg terminal or Quandl for financial data extraction and analysis to achieve this. You need to know how the financial services sector works and how the various players in this industry interact. You should be able to explain how investors invest in stocks and bonds, how these investments affect the markets, and how they are valued. Equity analysis is one way that you can study the financial sector. Equity analysis looks at how companies allocate resources and analyze how this affects their financial performance. It includes looking at things like profit margins, return on investment (ROI), cost of goods sold (COGS), and working capital management (WC). The effect of value added tax on the price stability of the Indian economy – MCom final year students can explore the effect of value added tax on the price stability of the Indian economy in their project work. They can study India’s present value-added tax system and its effects on the prices of goods and services. They can also find out whether value-added tax has helped maintain price stability in the Indian economy. MCom final-year students can collect data from various sources like government websites, newspapers, books, etc. and analyze it to reach a conclusion. They can also interview people who are knowledgeable about the topic to get first-hand information. MCom final-year students can submit their project report to their teacher or professor, who will evaluate it and give feedback. Ultimately, MCom final-year students will learn a lot about value-added tax and its effects on the Indian economy through their project work. Impact of covid-19 on India’s economy – The outbreak of covid-19 has significantly impacted India’s economy. The lockdown imposed to prevent the spread of the virus has led to a sharp decline in economic activity, with many businesses shutting down and people losing their jobs. The fall in demand has also hit exports, exacerbating the effects of the pandemic. The government has taken several measures to lessen the impact of the crisis, including providing financial assistance to businesses and households. However, it will take time for the economy to recover fully from the shock of the pandemic. M.com final-year students can undertake research projects on the impact of covid-19 on various sectors of the economy, such as manufacturing, agriculture, tourism, and transport. Such projects would help provide valuable insights into the nature of the crisis and the factors contributing to its severity. In addition, they would also be timely and relevant in today’s rapidly changing economic landscape. A study on comparative analysis of insurance companies – MCom, final year students often face the dilemma of what project to undertake for their degree. A comparative analysis of insurance companies is one such project idea that would be beneficial for students. It would involve studying the financial statements of different insurance companies and then comparing and contrasting them. It would give insights into the overall performance of the companies and help identify any trends. Furthermore, it would also help to develop an understanding of the various accounting and financial reporting standards used by different insurers. Such a project would be informative and enjoyable, as it would require working with real-life data. Hence, it is an ideal choice for MCom final-year students. Impact of foreign direct investment on India’s economic growth – The impact of FDI on economic growth is widely debated among economists. Some argue that FDI leads to job creation and economic development. Others argue that it leads to ‘Dutch Disease ‘, where the inflow of foreign capital causes the local currency to appreciate, making exports less competitive. However, there is evidence to suggest that FDI can have a positive impact on economic growth. Therefore, MCom’s final year students should consider studying the impact of foreign direct investment on India’s economic growth as their project topic. Forex market and how it works – For MCom students looking for a final year project idea, researching and writing about the forex market could be an excellent option. There are many different aspects of the market to explore, such as how it works, the main players involved, and the factors that drive currency movements. By understanding how the forex market works, students could gain valuable insights into one of the most important financial markets in the world. A study on mutual funds: Investor awareness – If you’re struggling to come up with an idea for your MCom final year project, consider studying mutual funds. Mutual funds are a type of investment that allows individuals to pool their money together and invest in a variety of different securities. This can provide individuals with a more diverse portfolio than if they were to invest on their own. There are many different aspects of mutual fund investing that could be explored in a final year project, such as investor awareness, performance analysis, and risk management. By choosing to study mutual funds, you can gain a better understanding of this important investment vehicle while also completing your MCom degree requirements. Tech trends revolutionizing the financial sector in the country – The financial sector in India is undergoing a major transformation, driven by a number of new tech trends. Here are some project ideas for MCom final-year students who want to explore this exciting field: Blockchain: Blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. It has the potential to revolutionize the financial sector by streamlining processes and eliminating the need for intermediaries. Artificial Intelligence: AI is being used in a variety of ways in the financial sector, from fraud detection to automated customer service. MCom students can explore how AI is being used to improve efficiency and accuracy in the sector. Big Data: Big data analytics is another area where the financial sector is benefiting from new technology. By collecting and analyzing large amounts of data, institutions are able to make better-informed decisions and improve their operations. Cybersecurity: MCom students can research how different organizations are protecting their data and systems from cyberattacks. These are just some of the many ways that new technology is transforming the financial sector in India. MCom students can use these project ideas as a starting point for their own research into this rapidly changing field. Working capital management of SBI – Students pursuing their MCom degree can find many interesting project ideas in the field of working capital management of SBI. SBI is India’s largest bank and a leading financial institution in the country. The bank has a vast network of branches across the country and manages a large amount of working capital on a daily basis, and MCom students can study the working capital management practices of SBI and prepare a report on the same. They can also recommend ways to improve the efficiency of working capital management at SBI. It will be a valuable project for MCom students as it will provide them with an insight into the working capital management practices of a leading bank in India. Pursue an Online MCom degree from Manipal University Jaipur – A renowned educational institute Pursue an online MCom degree from Manipal University Jaipur – which is one of India’s top renowned educational institutes. Manipal University Jaipur is known for its quality teaching and research. The university offers a two-year full-time online degree. The course curriculum is designed to provide in-depth knowledge of finance, economics, and accounting and equips students with the skills required to pursue a career in the field of their choice. Considering an online degree? Here are a few reasons why you should choose Manipal University Jaipur: Recognized and accredited: MUJ is recognized by the University Grants Commission (UGC) and has a NAAC A+ accreditation. It also has recognition and accreditation from regulatory organizations such as AICTE, ICES, ACU, etc. Experienced and qualified faculty: The faculty includes experienced educators as well as practicing professionals in various respective fields. They’re all dedicated to helping you succeed in your studies. Affordable rates: Online courses offered by MUJ are affordable compared to traditional courses. Support services are available: Online students have access to a wide range of support services, including academic advising, technical support, tutoring, and more. Flexible learning options: The online courses are designed to fit your busy schedule. You can study at your own pace and complete courses on your own timeline. You may like to read top blogs on online degrees. The university also provides ample opportunities for students to interact with industry experts, which enhances their learning experience. Students pursuing an online M.com degree from Manipal University Jaipur can avail various benefits such as scholarship programs, placement assistance, and career counseling and can receive certificates on successful completion of the course. The online M.com degree from Manipal University Jaipur prepares students for a successful career in the field of commerce and management. Choosing MUJ means choosing a recognized and accredited institution with experienced faculty, affordable rates, and flexible learning options. Check out: Online M.Com vs conventional M.Com Conclusion Choosing the right M.Com final year project topic can be daunting, but it is important to select a topic that is both interesting and relevant to your field of study. There are a number of factors to consider when making your selection, but it is ultimately up to you to decide which topic best suits your needs and career goals. Once you have narrowed down your options, it is time to start conducting research and writing your paper. Remember to consult with your supervisor throughout the process to ensure that you are on the right track. With hard work and dedication, you can be sure to produce an impressive final project that will make a great addition to your portfolio.
Motivate yourself while pursuing an online degree! First and foremost, let’s acknowledge that pursuing an MBA online requires a certain level of self-motivation and discipline. Unlike a traditional classroom setting, we have the flexibility to create our own schedules and study at our own pace. While this may seem liberating, it also means that we need to be proactive and take ownership of our learning journey. Here are some motivational tips that’ll help you focused and motivated throughout my online MBA program: Set clear goals: Start by defining what you want to achieve with your MBA. Is it to gain new skills, advance your career, or start your own business? Having a clear vision of your goals will give you a sense of purpose and drive. Create a study schedule: Plan your study time in advance and stick to a schedule. Treat your online MBA program like a job and allocate dedicated time for coursework, assignments, and exams. Consistency is key to success. Stay engaged and participate: One of the benefits of an online MBA program is the opportunity to interact with a diverse group of fellow students from all over the world. Take advantage of this by actively participating in online discussions, group projects, and virtual networking events. Engaging with your peers will enrich your learning experience and keep you motivated. Seek support: Online learning can sometimes feel isolating, so it’s important to seek support when needed. Reach out to professors, mentors, or fellow students for guidance or clarification on course material. Join online forums or discussion boards to connect with like-minded individuals who can provide motivation and encouragement. Stay organized: Keep track of assignments, due dates, and exams using a digital calendar or task management tool. Stay organized and manage your time effectively to avoid last-minute cramming or missing deadlines, which can lead to unnecessary stress. Embrace challenges: Pursuing an MBA online may come with its own set of challenges, such as managing work-life balance, dealing with technical issues, or adapting to a virtual learning environment. Embrace these challenges as opportunities for growth and learning. Remember, success often comes from overcoming obstacles. Take care of yourself: Lastly, don’t forget to prioritize self-care. Take breaks, exercise, get enough sleep, and maintain a healthy work-life balance. Taking care of your physical and mental well-being will ensure that you are in the best mindset to tackle your online MBA program with energy and enthusiasm. Conclusion In conclusion, pursuing an MBA online can be a rewarding experience if we approach it with the right mindset and motivation. Let’s stay focused, stay engaged, and support each other as we navigate this exciting journey towards success. Read more such interesting and insightful articles written by the online students at Manipal University Jaipur on Online Manipal.
Tips for lifelong learning As we continue to navigate the changing landscape of the modern workplace as a person or as a student, it has become increasingly clear that adaptability is key to success. In order to thrive in the face of uncertainty and evolving technology, individuals must be able to pivot and learn new skills quickly. One of the way to build this adaptability is through lifelong learning. By continuously seeking out new knowledge and experiences, we can remain competitive and resilient in the face of change. However, with so many options for learning available, it can be difficult to know where to start. Few tips for effective lifelong learning Set clear goals: Determine what you hope to achieve through your learning. Whether you’re looking to enhance your skills in a specific area or pursue a new career path altogether, having a clear objective can help guide your efforts. Seek out a variety of learning opportunities: Learning doesn’t have to be limited to traditional classroom settings. Consider attending workshops and conferences, reading books and articles, or even learning through online courses and tutorials. Embrace discomfort: Learning can be challenging, and it’s natural to feel uncomfortable or out of your depth at times. However, it’s important to embrace this discomfort as an opportunity for growth and development. Build a network: Learning is often more effective when done in collaboration with others. Seek out mentors, colleagues, or other like-minded individuals who can offer support and guidance as you pursue your learning goals. Reflect on your progress: Take time to reflect on what you’ve learned and how it has impacted your personal and professional growth. This can help you identify areas where you may need to adjust your approach or seek out new learning opportunities. Ultimately, the key to effective lifelong learning is a willingness to be curious, adaptable, and open to new experiences. By embracing a growth mindset and committing to ongoing learning, individuals can position themselves for success in an ever-changing world. In the end here is an amazing quote by Peter Drucker –“Learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.” – Peter Drucker So Keep learning and Keep Sharing. Read more such interesting and insightful articles written by the online students at Manipal University Jaipur on Online Manipal.
Is an MBA in business analytics a good option for a product management career? Product management plays a vital part in perfecting the central marketing strategy of an organization. The primary objective of the role is to assure the success and sustainability of the product or service in the market. In such a scenario, an MBA in business analytics is one of the best decisions you can make if you want to expand your career in product management. The course will prepare you for the key position as a prospective product manager in an enterprise. Read more: How an MBA fits into your product management career What is an MBA in business analytics? Data is the most important element in today’s business environment. An MBA in business analytics focuses on analytics and covers the business fundamentals, enabling you to view the business from a data-driven perspective. This academic program deals with administering a business and helps one establish the best business practices with a stronger knowledge of data analytics tools. With this course, you will be provided with high-level management career opportunities across various sectors. What is product management? Product management defines the organization’s role and function, responsible for a specific product’s overall success. The skilled professional as a product manager collaborates with teams inside and outside the enterprise to develop and execute a plan, ensuring the product meets the company’s customer needs and strategic goals. Simply put, it can make a potential impact on the growth of the company. As a centric driving role, it covers all the aspects of the business, including customers, competitors, trends, strategy, market, models, and so on. Also read: Difference between product management & product marketing How an MBA in business analytics help in product management career The concept of business analytics is customer-centric. It is concerned with how users interact with the product to help the product manager gain precise insights into improvement instead of relying on instinct and guesswork. This will, in turn, help you make a better strategy for the product management cycle, making your product a huge success. Here’s how an MBA in business analytics can help your product management career. Data-driven decision making Product managers need to make informed decisions based on data analysis. An MBA in business analytics equips you with the skills to collect, analyze, and interpret data, enabling you to make data-driven decisions to enhance your products. Market Analysis Business analytics skills allow you to analyze market trends, customer behavior, and competitor strategies effectively. Understanding market dynamics is crucial for identifying opportunities and threats, which is vital in product management. Customer Insights Business analytics can help you gather and analyze customer data to gain valuable insights into customer preferences, behaviors, and needs. This understanding is invaluable when designing and improving products to meet customer demands effectively. Predictive Analytics Predictive analytics techniques taught in a business analytics program can be applied to forecast market trends and customer behavior. Predictive models can help in anticipating customer needs, enabling you to proactively adjust product strategies. Read more: Importance of Predictive Analytics Similarities between business analytics and product management With business analytics, product management can be improved by creating better plans of action and leading teams toward success. Here let us explore some similarities between business analytics and product management. Develop an understanding of the market Besides the marketing team, product management, with the help of business analytics, tends to develop a better understanding of the current market trends. This will help businesses to understand why their customers are interested in buying a specific product. Understanding the requirements of a business or product Business analytics helps collect the requirements of a business or products that will help the product manager to align its design with the needs of the customer and current scenario. Analyze customer behavior Researching the customer’s behavior and interests is the most important part of the process. You can get to know your customers using data-driven methods, allowing you to build a successful product at the right time. Help in product strategy Analytics tools will help in defining the product strategy. With this, a product manager can position the product in the market and also aids in the development of additional products for the future. Product management With predictive analytics, you can capture and explore patterns from digital products. This data will improve the product experience among users and drive positive business outcomes. Predicting the future of a business/product A product manager can also forecast the future of a business or a specific product based on the patterns acquired from past data. This will help you to apply new strategies and optimize sales. Skills required to become a product manager As a product manager, one needs to oversee the development of products for a brand. They hold the responsibility for leading cross-functional teams and progressing the project. AHere we have compiled the essential skills required to become a proficient product manager. Data analysis skills As we mentioned before, product management is data-driven nowadays. Hence the best product manager should have the expertise in analyzing various types of data and how they use the insights to make smart decisions. This will also help uncover issues, measure performance, and progress the product to new heights. Product research skills Product research is a key skill set that determines the efficiency of a product manager. They have to perform comprehensive research to learn about the needs of customers and competitor performance. This will keep them updated about trends and threats, making them envision a productive product. Product roadmap development A product manager should have product roadmap-making skills to help lay out the product strategies and assist in its design, release, and expansion. This will help you decide on the properties and whether they suit the team. Strategic thinking From market analysis to launching a new product, a product manager should have the capacity for strategic thinking. The strong professional will have a solid understanding of the entire product lifecycle, the target customers, the management process, and the forecasting of future sales. Business intelligence A product manager should have the fundamental business intelligence to carry out daily tasks. For instance, if it’s about product roll-out, they should know how sales projects, budgets, cash flow, and profiles have a vital role in product management. Marketing skills Marketing is the most vital skill for product managers, which involves promoting and delivering products and services. You should know how to market your product according to the changing demands through effective strategies and pricing frameworks. Read more: Skills required for a career in product management Why choose MAHE’s online MBA in business analytics The online MBA in Business Analytics offered by Manipal Academy of Higher Education can be the perfect push for your career. With the help of an industry-oriented curriculum, expert faculty, and flexible learning opportunities, you can explore lucrative career opportunities. This program allows you to expand your professional network and you get the prestigious Manipal alumni status. Explore this program on Online Manipal now! Read more: Other MBA specializations for a product management career
Importance of digital skills in today’s competitive world In today’s rapidly evolving world, digital skills are becoming increasingly important for individuals and organizations alike. With the rise of digital technologies, those who lack the necessary digital skills may find themselves struggling to keep up with the fast-paced demands of the modern workforce. In this article, we’ll explore the importance of digital skills and how individuals and organizations can develop them. Why are digital skills important? Digital skills are essential in today’s world for a variety of reasons. Firstly, digital skills are crucial for employability. Many employers now require candidates to have a basic understanding of digital technologies, and some jobs even require advanced digital skills such as coding or data analysis. Without these skills, job seekers may find themselves at a disadvantage in the job market. Additionally, digital skills are necessary for personal and professional growth. From online banking to social media marketing, digital technologies have transformed the way we live and work. Those who lack the necessary digital skills may find themselves struggling to navigate these changes, which can impact their personal and professional lives. Finally, digital skills are essential for staying competitive in today’s market. Organizations that embrace digital technologies can gain a competitive advantage by streamlining processes, improving customer experiences, and reducing costs. Without digital skills, organizations may struggle to keep up with competitors who have invested in digital technologies. How can individuals develop digital skills? There are several ways that individuals can develop digital skills. Firstly, individuals can take advantage of online learning Platforms and resources. There are many online courses available that cover a variety of digital skills, from coding to digital marketing. These courses are often affordable or even free and can be completed at the individual’s own pace. Secondly, individuals can seek out opportunities to apply their digital skills in real-world settings. This could involve volunteering for a nonprofit organization or starting a personal project that requires digital skills. By applying their digital skills in real-world settings, individuals can gain valuable experience that can be leveraged in their careers. Finally, individuals can seek out mentorship opportunities. Mentors can provide guidance and support as individuals develop their digital skills, offering advice and feedback along the way. Mentors can also provide networking opportunities, connecting individuals with others in their field who may be able to offer additional support and guidance. Conclusion In conclusion, digital skills are becoming increasingly important in today’s world, and individuals and organizations alike must take steps to develop these skills. By investing in digital skills development, individuals can improve their employability, personal and professional growth, and competitiveness. Organizations that embrace digital skills can gain a competitive advantage by improving their processes, customer experiences, and reducing costs. Read more such interesting and insightful articles written by the online students at Manipal University Jaipur on Online Manipal.
