Online BBA from Manipal University Jaipur: Eligibility, fee, and admission process A BBA (Bachelor of Business Administration) represents an invaluable asset for individuals aspiring to delve into the complexities of the corporate landscape. This program imparts multifaceted insights into business management, strategy, and leadership – skills in high demand across industries. Manipal University Jaipur (MUJ) holds a legacy of academic excellence and a commitment to delivering world-class education. In extending its reach to the online sphere, MUJ maintains an unwavering commitment to educational quality, ensuring that its online BBA adheres to the same standards as its on-campus offerings. This guarantees that students, regardless of their geographical location, receive a qualitatively superior education. Opting for an online BBA at MUJ is an investment in a prestigious qualification that seamlessly integrates into one’s existing commitments, offering the convenience of virtual learning without compromising on academic standing. This post explores the intricacies of eligibility criteria, online BBA fees, and admission process at Manipal Jaipur. Also read Online BBA from MUJ: Realizing dreams from the comfort of your home! Manipal University Jaipur online BBA overview Here’s an overview of Manipal University Jaipur’s Online BBA program in a table format: ParticularDetailsFieldInformationDegree LevelBachelor of Business Administration (BBA)Duration3 years (Full-time)Fee structureINR 1,35,000 (INR 22,500 each semester)Skills gainedLeadership, Management, Marketing, Finance, Communication, Problem-Solving, Decision-Making, Data Analysis.Top jobsBusiness AnalystMarketing Manager Financial AnalystHuman Resources ManagerSales ManagerEntrepreneur Project ManagerOperations ManagerTop RecruitersAccenture DeloitteInfosysTCSICICI BankHDFC BankAmazonFlipkartReliance IndustriesAditya Birla GroupAccreditationRecognized by the UGC (University Grants Commission) and approved by the AICTE (All India Council for Technical Education). Also read: How to build a successful career in finance after a BBA degree Eligibility criteria for online BBA from Manipal University Jaipur Manipal University Jaipur Online BBA eligibility is as follows: Eligibility for domestic students: Candidates must have completed 10+2 education from a recognized national or state board institution or 10+3 diploma from a recognized national or state institute. Candidates must have at least 45% marks in aggregate in 10+2 / diploma (40% for reserved categories). Eligibility for international students: Candidates must have completed 10+2/ intermediate/ senior secondary education from a recognized board, or an equivalent qualification as recognized by the Association of Indian Universities, in any discipline. Candidates who have completed 10+2 education or graduate level education outside India must produce a certificate of equivalence issued by the Association of Indian Universities. Candidates must have at least 45% marks in aggregate in 10+2/ intermediate/ senior secondary. Candidates who are not Indian citizens or residing outside India and holding NRE or PIO status will be billed an international fee for respective degrees & may need to submit documents mentioned but not limited to CV, address proof, valid visa, PR card & passport copy as part of the application process. Program duration: 36 months (6 semesters) Program fee: For Indian Students: INR 1, 35,000 (INR 22,500 each semester) For Non- resident Indians: USD 2046 (USD 341 each semester) For Foreign Nationals: USD 2388 (USD 398 each semester) Scholarships available The scholarships offered by MUJ support a diverse range of students and provide financial assistance to help them achieve their academic goals. Here are the details of the scholarships available at MUJ: Divyang scholarship (for persons with disabilities): MUJ offers a scholarship of 20% to students who have a Divyang certificate. This support is aimed at facilitating the education of individuals with disabilities, enabling them to pursue their academic goals effectively. Defense personnel scholarship: For the brave men and women in the defense services, MUJ provides a 20% scholarship. To secure this scholarship, eligible candidates need to submit their Personnel/Service/IC number as proof of their service to the nation. Government employees scholarship: MUJ values the service of government employees and extends a 10% scholarship to them. To secure this scholarship, government employees are required to provide their identity card as proof of their employment. Merit scholarship: Students who have excelled academically with a score of 80% or higher in their class 12 or 10 3 diploma exams are eligible for a 10% merit-based scholarship. This scholarship recognizes and rewards the hard work and dedication of high-achieving students. EMI options To provide students with convenient and flexible payment options, it offers the EMI (Easy Monthly Installments) option, along with other concessions. EMI (easy monthly installment) Option: MUJ recognizes the financial concerns that students and their families may face when pursuing higher education. To address this, the university offers a flexible EMI facility. This allows students to divide their tuition fees into convenient installments, ensuring that the financial aspect of education does not impede their learning journey. The no-cost EMI option provides a stress-free financing solution, enabling students to focus on their academic pursuits without financial worries. Other concessions: In addition to EMI options, MUJ provides additional concessions to support students in managing their educational expenses. Fee concession (10%): Eligibility Criteria: MUJ offers a 10% fee concession to students who make an upfront payment of the full program fee. This concession significantly reduces the overall cost of education, making it a more manageable and affordable investment in one’s future. Fee concession (5%): Eligibility Criteria: For those who prefer an annual payment approach, MUJ extends a 5% fee concession to students who make an upfront payment of the annual fee. This concession aims to ease the financial burden and streamline the payment process for these students. How to apply for the Manipal University Jaipur online MBA program? The admission procedure for Online BBA program at Manipal is explained below: Program selection and registration: Select the program you wish to enroll in, then register by providing your contact information and making the registration fee payment. Give educational specifics: Provide information about your education and professional background. Upload mandatory documents: Upload supporting documents & submit your application to complete the process. Program fee: Pay the admission charge for the first semester/year or the entire program. Is an online BBA the same as a regular BBA? Indeed, an online BBA program offered by MUJ through Online Manipal (OM) is commensurate in prestige and educational value with a traditional on-campus BBA. This program is meticulously designed to adhere to the exacting standards set by the UGC (University Grants Commission). The online mode of instruction does not compromise the academic rigor or the curriculum’s depth. The faculty members engaged in these programs maintain the same high standards of teaching and evaluation as their counterparts on campus. Graduates of the online BBA program from MUJ through OM are conferred degrees that are universally recognized, granting them equal access to the same opportunities and professional growth as graduates from the on-campus BBA program. The distinction lies not in the mode of delivery but in the quality of education and the resulting competencies. Read more: Reasons to consider an online degree this academic year Advantages of online BBA over regular BBA Here are the key advantages of pursuing an online BBA compared to a traditional in-person BBA program: Flexibility and convenience: Online BBA programs offer students the ability to tailor their learning to their schedules. Working professionals who can continue their employment while obtaining a degree would particularly benefit from this flexibility. It allows students to balance work, family, and education commitments effectively. Unlike traditional programs with fixed class timings, online BBA programs often provide on-demand access to lectures and materials. Cost-effective: Pursuing an online BBA can be more cost-effective in several ways. Online programs frequently have lower tuition costs than their on-campus equivalents. Online learners also save money on transportation, lodging on campus, and other costs connected to on-campus attendance. Diverse learning environment: Online BBA programs attract a diverse student body from various geographic locations. This diversity enriches the learning experience by bringing together a wide range of perspectives, backgrounds, and experiences. Students might potentially enhance their professional contacts by interacting with peers from around the globe, which presents unique networking opportunities. Self-paced learning: Many online BBA programs offer self-paced learning options. This means that students can progress through the coursework at a speed that suits their learning styles and capabilities. It allows students to delve deeper into complex subjects or accelerate through material they find more familiar. Such adaptability can lead to a more thorough understanding of the curriculum. Access to resources: Online BBA students have access to an array of digital resources, including recorded lectures, e-books, online libraries, and interactive discussion forums. These resources are readily available, which improves the educational process and makes it simpler for students to study content, get assistance, or collaborate with peers. This can be particularly beneficial for students who prefer multimedia or digital learning tools. Global accessibility: Students can enroll in programs offered by prestigious institutions from anywhere in the world. This eliminates geographical constraints and allows individuals to access high-quality education that might not be available in their immediate vicinity. It opens up opportunities to learn from renowned professors and institutions, regardless of one’s location. Read More: What is the best career move after a BBA, job or MBA? Why is Manipal University Jaipur’s online BBA one of the best? Online BBA offered by Manipal University Jaipur is distinguished as a premier choice owing to its remarkable attributes. It boasts a meticulously crafted curriculum that seamlessly integrates theoretical foundations with practical applications, fostering a comprehensive understanding of business dynamics. The faculty, comprising seasoned experts, imparts invaluable knowledge and industry insights to nurture the leaders of tomorrow. Moreover, the program’s technology-driven approach leverages interactive virtual classrooms and an extensive e-library, guaranteeing a rich and immersive online learning experience. The program’s rigorous assessment and feedback mechanisms ensure a continuous and substantial educational journey. In sum, Manipal University Jaipur’s online BBA program exemplifies a holistic, industry-centric education, solidifying its position as a top-tier option for aspiring business professionals. Read More: Which BBA electives have good scope? Conclusion In summary, the Online BBA program at Manipal University Jaipur stands as a beacon of quality education and career prospects. By fulfilling the eligibility criteria for Manipal University’s Online BBA and engaging in the meticulous admission process, students open doors to a world of knowledge and opportunities. The dynamic fee structure, coupled with scholarship options, ensures that financial constraints do not hinder your educational aspirations. We passionately advocate for aspiring minds to seize this chance by enrolling in Manipal Jaipur’s Online BBA course. So, sign up for this program at MUJ where academic excellence meets real-world skills, propelling you towards a future filled with success and innovation in the ever-evolving landscape of business and management.
Unlocking high-paying career opportunities with a business degree A business degree offers an exclusive passage to a realm of potentially substantial financial rewards, making it a prudent investment for those with aspirations of achieving both prosperity and professional advancement. Whether one opts for a BBA (Bachelor of Business Administration) or advances further with an MBA (Master of Business Administration), these qualifications stand as symbols of distinction within the corporate sphere. Job opportunities for business degree holders are abundant, and graduates can explore high-income prospects across various sectors, leveraging their comprehensive grasp of business fundamentals. Opting for a business degree undoubtedly represents a wise decision, equipping individuals with the essential knowledge and skills to thrive in a fiercely competitive job market and reap the rewards of a financially enriching career. Let’s explore some of the most coveted and financially rewarding career paths that individuals with a business degree can pursue, along with business degree job prospects and earnings potential. Also read: Are you eligible to study MBA online? Benefits of getting a business degree A business degree positions you as a strong contender in the competitive job market and equips you to excel in various professional environments. Below mentioned are the benefits of a business degree: Enhanced career opportunities: A business degree broadens your career horizons. It equips you with a thorough understanding of core business principles and makes you employable in an extensive list of sectors. You could find employment in diverse fields, including HR, business management, marketing, finance, and many more. There’s no way this flexibility will limit you to a specific role or industry. Higher earning potential: Business degree employment options and salaries are substantial. The specialized knowledge and skills acquired during your education are highly valued by employers. Consequently, you’re in a stronger position to negotiate competitive salaries and, over time, access higher-paying positions. Entrepreneurial skills: If one’s goal is to launch a firm, a business degree provides the resources one needs to achieve it. Individuals gain knowledge about risk assessment, marketing tactics, financial management, and business strategy. These are critical components for anyone looking to start and manage their own business effectively. Networking opportunities: Business schools provide an ideal environment for building a robust professional network. Professors, successful alumni, and fellow students can become invaluable contacts throughout your career. Networking can lead to mentorship, partnerships, job referrals, and collaborative opportunities that might not be as readily available without a business degree. Read more: 10 signs you’re best suited for an online MBA Critical thinking: Business programs foster advanced critical thinking and problem-solving skills. You will come across intricate, real-world situations and gain knowledge about data analysis, risk assessment, and decision-making. These skills are not only crucial for business but also for everyday life, enhancing your ability to tackle various challenges with a logical and strategic mindset. Leadership development: Leadership is a core element of any business education. You’ll gain a deep understanding of leadership theories, styles, and practical leadership skills. This prepares you to step into leadership roles in organizations and effectively manage teams and projects. Global perspective: As our world becomes more interconnected, understanding international business is vital. Many business degree programs integrate global perspectives, helping you comprehend the intricacies of international markets, trade, cultural diversity, and global business strategies. This knowledge is invaluable as businesses expand into the global arena. Adaptability: Business graduates are known for their adaptability. They can easily switch between roles and sectors, thanks to their diverse skill set. This ability to adapt makes professionals extremely valuable since it enables them to prosper amid rapidly changing marketplaces. Read more: How an MBA impacts your career In-demand job roles for business graduates Graduates in business comprise an extensive spectrum of roles with different responsibilities and skill sets, all of which are essential to the development and success of businesses and sectors. Let’s get detailed insights into high-paying careers with a business degree: Business analyst: Business analysts are meticulous data experts who dig deep into the wealth of data an organization generates. Utilizing sophisticated analytical tools and methodologies, they reveal significant patterns, trends, and correlations. These insights serve as the foundation for strategic decisions, helping organizations identify areas of improvement, optimize processes, and streamline operations. Business analysts are akin to data archaeologists, uncovering valuable treasures hidden within data. Highest salary: ₹15.5 lakhs per year Marketing manager: Marketing managers are masterful storytellers who craft and execute comprehensive marketing strategies. They analyze market research, consumer behavior, and competitor activities to design compelling marketing campaigns. These campaigns encompass various channels, from traditional advertising to digital and social media. The goal is to create a strong brand image and increase product or service awareness, ultimately driving customer engagement and revenue. Highest salary: ₹23.0 lakhs per year Financial analyst: Financial analysts are the financial navigators of the business world who meticulously dissect financial statements, study market dynamics, and evaluate economic conditions. Their insights are instrumental in guiding investment decisions, risk assessment, and the identification of strategies to optimize financial performance. Financial analysts act as financial sherpas, guiding businesses through the treacherous terrain of financial markets. Highest salary: ₹11.5 lakhs per year Supply chain manager: Supply chain managers, the architects of efficient logistical processes, oversee a complex web of suppliers, manufacturers, distributors, and retailers, ensuring products flow smoothly from origin to destination. Their role involves optimizing the supply chain to reduce costs, minimize lead times, and enhance responsiveness. They act like conductors of a finely tuned orchestra, ensuring that each element harmonizes to create an efficient, cost-effective, and customer-centric supply chain. Highest salary: ₹29 lakhs per year Human resources manager: This personnel oversees every facet of the employee lifecycle, including hiring, onboarding, training, development, and appraisal reviews. They set and enforce policies and procedures, creating a welcoming, compliant, and healthy workplace that enhances worker engagement and satisfaction. HR managers take on the role of protectors of an organization’s most precious resource: its workforce. Highest salary: ₹18.0 lakhs per year Management consultant: Management consultants are the strategic architects who help businesses thrive. They conduct thorough assessments of an organization’s operations, pinpoint inefficiencies, and design strategies for improvement. These strategies can range from process optimization to structural changes. Management consultants act as transformational architects, reshaping organizations to become more competitive and adaptive in today’s ever-evolving business landscape. Highest salary: ₹40.0 lakhs per year Sales manager: Sales managers are the captains of revenue generation, motivating, and empowering sales teams to meet or exceed targets. Their role is a dynamic blend of data analysis, strategic planning, and relationship management. Sales managers oversee the entire sales process, from lead generation to closing deals, ensuring a continuous stream of revenue. They act as the navigators, steering the ship through the turbulent waters of the market to achieve sales success. Highest salary: ₹15.5 lakhs per year Project manager: Project managers are facilitators of complex projects. They coordinate every facet, from project initiation and planning to execution, monitoring, and closing. They’re responsible for defining project scope, allocating resources, managing budgets, and mitigating risks to ensure projects are delivered on time and within budget. Project managers keep all elements in harmony to achieve the required outcomes. Highest salary: ₹28.0 lakhs per year Business development manager: Business development managers are skilled in leveraging opportunities. They analyze market trends, identify growth prospects, and craft strategies for business expansion. These strategies often involve creating partnerships, entering new markets, or introducing new products and services. They act as pioneers, charting new territories and building pathways for business growth. Highest salary: ₹16.0 lakhs per year Choose Manipal University Jaipur for recognized online business degrees Manipal University Jaipur (MUJ) is a distinguished institution offering prestigious online business degrees, BBA and MBA. These business academic programs give students a solid understanding of the fundamentals of business along with the skills and information essential for success in the competitive arena of business. Also, the online format offers a fantastic way for individuals to acquire excellent business training from the convenience of their homes. BBA program at MUJ: Eligibility: Candidates must have completed 10+2 education from a recognized national or state board institution or 10+3 diploma from a recognized national or state institute. Candidates must have at least 45% marks in aggregate in 10+2 / diploma (40% for reserved categories). Program fees: INR 1,35,000 (INR 22,500 each semester) Program duration: 36 months MBA program at MUJ: Eligibility: Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognized university/institution or an equivalent qualification as recognized by the Association of Indian Universities. Candidates must have a minimum of 50% marks in aggregate in graduation (45% for reserved categories). Candidates must clear Manipal University Jaipur’s online aptitude test as part of the application process. Candidates with a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT) need not appear in the above test. Program fees: INR 1,75,000 (INR 43,750 each semester) Program duration: 24 months Benefits of online business degrees at Manipal University Jaipur Manipal University Jaipur distinguishes itself through a set of remarkable benefits. Its stellar reputation and accreditations ensure a commitment to academic excellence. The university’s cutting-edge infrastructure and facilities provide students with an optimal learning environment. Moreover, the institution’s faculty comprises seasoned experts who impart practical insights. Advanced Learning Management System (LMS, webinars by industry experts, and placement assistance are some of the highlights of online degrees at Manipal University jaipur (MUJ). Also Read: Differences between Regular MBA, Online MBA, and Distance MBA – Which Is Better? Conclusion In conclusion, earning a business degree can lead to a variety of lucrative job paths, each of which offers a distinct combination of financial gain and intellectual challenge. This degree’s versatility offers diverse lucrative professions for business degree graduates. Enrolling in Manipal University Jaipur’s online MBA program is a great chance for individuals who want to reach their maximum potential and advance their business knowledge. These courses offer a smooth transition between high academic standards and practical application, preparing you for success in the cutthroat business world of today. It’s time to invest in your future with an online BBA or MBA from Manipal University Jaipur and set yourself on a trajectory toward a high-paying and fulfilling career. Read More: Top online MBA programs for working professionals
How to prepare for an MBA program In the contemporary professional landscape, pursuing an MBA has emerged as a compelling imperative. The demand for this advanced degree is symbolic of its relevance and transformative potential. An MBA equips individuals with a multifaceted arsenal of skills, including strategic acumen and leadership proficiency, making it a coveted asset in the competitive job market. As businesses face increasingly complex challenges, the need for individuals who can think innovatively and tackle these issues head-on is on the rise. Consequently, getting ready for an MBA course entails honing one’s analytical abilities, strengthening interpersonal communication, and cultivating practical experience. For a successful entry into the field of MBA education and job progress, this preliminary guidance is essential. The road to success in an MBA program is not without challenges, though. This post will provide prospective MBA candidates with a detailed roadmap for preparing for an MBA program, along with the factors to be considered while preparing for an MBA. Read More: How an MBA impacts your career How will an MBA help your career? Let’s delve into the key benefits of pursuing an MBA. Enhanced knowledge and skills: MBA programs provide an in-depth and practical understanding of various aspects of the business. Participants gain a thorough understanding of finance, management, marketing, and strategy via demanding coursework, research projects, and real-life applications. This is not just conceptual understanding; learners may utilize it as a toolset to make well-informed decisions, analyze complicated business situations, and lead efficiently. Career advancement: Career advancement is a primary motivation for many MBA aspirants. Employers find great demand for graduates owing to their leadership abilities, specialized knowledge, and skill set acquired during the program. They frequently advance to higher positions within their firms and are in an ideal spot to take on leadership roles in other sectors of the marketplace. An MBA can act as a powerful catalyst for professional growth. Networking opportunities: MBA programs offer a fertile ground for building a robust professional network. Students interact with a diverse group of individuals, including fellow students, faculty, industry experts, and alumni. These connections are instrumental in advancing one’s career. The relationships formed during your MBA journey can be a lifelong asset, opening doors to collaborations, mentorships, and business partnerships. Entrepreneurial skills: For aspiring entrepreneurs, an MBA can be a significant catalyst. MBA programs often include courses and resources dedicated to entrepreneurship and innovation. You’ll learn the intricacies of business planning, strategy development, financial management, and risk assessment. Moreover, you may have access to incubators, mentors, and venture capital networks within your MBA institution. These resources can be instrumental in launching and scaling your own business successfully. Global perspective: In our increasingly interconnected world, global perspectives are highly valued. Many MBA programs incorporate an international component into their curriculum. This exposure helps students develop a more profound understanding of global markets, cross-cultural communication, and international business practices. Such insights are invaluable for professionals working in multinational corporations or those seeking to expand their businesses internationally. Higher earning potential: While not the sole motivation for pursuing an MBA, the financial rewards are noteworthy. Graduates often command higher salaries, bonuses, and job offers compared to their non-MBA peers. The investment in an MBA program tends to yield a significant return throughout one’s career. Beyond immediate financial gains, an MBA instills a sense of confidence and financial security. Check out: How can an online MBA help your career Things to consider while preparing for an MBA Preparing for an MBA is a significant undertaking that demands a high level of consideration and planning. Here’s a guide on the MBA program readiness tips to take into account: Assess your skills: Starting on your MBA journey? It’s imperative to conduct a comprehensive self-assessment. This involves identifying your strengths, weaknesses, and current skills. Recognize both hard skills (technical competencies) and soft skills (communication, leadership, teamwork) that are crucial in the career path you wish to take. This self-evaluation will serve as the foundation upon which you’ll build your MBA experience. Know your career aspirations: Clearly defining your long-term career goals is a cornerstone of MBA preparation. Consider what specific roles or industries you aim to pursue post-MBA. Understanding your career aspirations will help you tailor your program selection, specialization, and networking efforts toward achieving those objectives. Weigh pros and cons: Enrolling in an MBA program requires a significant financial and time commitment. So, carrying out a cost-benefit analysis is crucial. Weigh the potential career benefits, salary increases, and networking opportunities against the financial costs and time commitment required. Assess your readiness for these sacrifices and evaluate the return on investment in your unique context. Choose a suitable mode of study: MBA programs are available in various formats, such as full-time, part-time, online, and distance learning. Carefully consider which mode aligns best with your lifestyle and objectives. While part-time or online programs let you learn while being employed, full-time programs offer a more comprehensive educational experience. Your choice should support both your professional and personal objectives. Select the right college: Research and select the business schools that best match your career goals. Consider factors like school reputation, faculty expertise, available resources, location, and alumni networks. Top-tier schools often provide a broader range of opportunities and networks but don’t overlook the specific strengths of lesser-known institutions that may align more closely with your interests. Opt for the suitable field of study: MBA programs offer a myriad of specializations, from finance and marketing to entrepreneurship and healthcare management. Select a specialization that fits both your interests and career objectives. Your chosen field will shape your coursework, internships, and job prospects post-graduation. Read More: Differences between Regular MBA, Online MBA, and Distance MBA – Which Is Better? Get ready for entrance exams: Standardized assessments such as the Graduate Management Admission Test (GMAT) and Graduate Record Examination (GRE) are required for many MBA programs. Preparing for these exams is crucial. Enroll in test preparation courses, study sample questions, and take practice tests. Adequate preparation can significantly impact your chances of gaining admission to your desired program. Prepare for admission interviews: Admission interviews are a critical part of the application process and MBA program preparation strategies. Practice your responses to common interview questions, emphasizing your achievements, leadership experience, and how you’ll contribute to the school’s community. Showcase your genuine passion for the program and your alignment with its values and culture. Get an online MBA degree of the highest standard The educational institutions within the Manipal Group, notably Manipal University Jaipur (MUJ) and Manipal Academy of Higher Education (MAHE) offer online MBA programs that adhere to the highest standards of excellence, aligning seamlessly with their traditional MBA counterparts. These UGC-entitled online MBA programs offered through Online Manipal (OM) stand out for their extensive spectrum of specializations and elective courses, allowing students to customize their academic journey to suit their specific interests and career objectives. What elevates the Online Manipal experience is its innovative educational methodologies, which leverage state-of-the-art technology and a dynamic e-learning platform, creating an immersive and intellectually stimulating learning environment. Further enhancing this journey is the faculty, composed of industry luminaries, and a robust support system designed to empower students to navigate the competitive business landscape effectively. Online Manipal’s online MBA programs represent an ideal choice for those seeking the utmost prestige and flexibility in their pursuit of a world-class MBA education. Also read: Best MBAs for working professionals Conclusion Preparing for an MBA program is an undertaking of profound significance, one that can significantly shape your career and personal development. This journey necessitates astute choices, rigorous preparations, and a relentless commitment to growth that equips you with the skills and knowledge to thrive in a competitive world. Following the aforementioned steps to prepare for your MBA journey will be of great help. To expedite this journey, consider enrolling in online MBA programs from Manipal University Jaipur, a distinguished institution that combines academic excellence with flexibility and accessibility. Your future awaits – seize it with unwavering determination. Also read: 10 reasons why should you choose an online MBA in India
Navigating Career Growth with Manipal University Jaipur’s Online MBA Programs In the pursuit of career advancement, strategic decisions often play a pivotal role. Manipal University Jaipur’s online MBA programs have proven to be transformative for professionals seeking to enhance their skills and knowledge. Let’s delve into the personal experiences of three individuals who, each with a distinct background, found their career paths flourishing through the flexibility and relevance offered by Manipal University Jaipur’s online MBA programs. Rajeev Raushan – Marketing maven Having started pursuing MBA to realize his dreams of promotions and a lavish career, Rajeev Raushan says “After completing my engineering degree in 2017, I moved to a sales & marketing job. A couple of years into my job, I realized I wasn’t able to grow because I didn’t have an MBA. This online MBA from Manipal University Jaipur is flexible and allows me to improve my knowledge and write exams conveniently.” Kamalesh Debnath – IT & FinTech trailblazer Knowledge is the core of owning any successful happy career. Realizing the same, Kamalesh Debnath says “As an engineering graduate, I believe that an online MBA with a specialization in IT & FinTech will help me boost my career further. Moreover, I can get a master’s degree that will add more value to my professional advancement. A few subjects covered in this program curriculum will help me enhance my knowledge in the field of IT, and I believe it will help improve my knowledge on the job.” Saurabh Singh – Bridging technical and managerial excellence Being a niche domain, Operations Management is not an easy domain to succeed in. Determined to make it big on the same, Saurabh Singh, says “As a mechanical engineer, I decided to pursue an MBA degree in Operations Management to gain technical knowledge and improve my management skills. Business and management skills have become essential in today’s world. With a combination of technical and business knowledge, I believe I will be able to explore better job opportunities in various industries.” Conclusion The testimonials of Rajeev Raushan, Kamalesh Debnath, and Saurabh Singh underscore the transformative impact of Manipal University Jaipur’s online MBA programs. These professionals found tailored solutions to their career aspirations, whether it be flexibility in marketing, specialization in IT & FinTech, or bridging the gap between technical and managerial expertise. Manipal University Jaipur serves as a guiding light, illuminating the path to career growth through innovative, flexible, and industry-relevant online MBA programs. The journey towards professional excellence is not just about acquiring a degree but about gaining the knowledge and skills that catalyse meaningful career advancements.
The World Cup of online education In the not-so-distant past, the pleasure of witnessing one of the finest sports – CRICKET, was only limited to the crowds that could make it to the stadiums. Earlier, cricket matches were recorded, and parts of the match were stitched together in the form of reels, as we call it today, and were played in theatres before the movies. However, cricket managed to reach millions of Indian households through Bombay Talkies, a pioneering studio based out of Mumbai, that was founded in 1934. The arrival of television only accelerated the fandom for the Cricket World Cup, by bringing the matches into the living rooms of millions. The most memorable moment for a cricket fan must be India’s tour of Pakistan in 1978-79 which was directly telecasted on TV resulting in a rapid increase of Television sales. Thanks to satellite television in the 1990s, cricket became the most viewed show in the country. Read more: The financial dynamics of the ICC World Cup 2023 Just like it is a dream of every Indian cricket enthusiast to witness a live cricket match with legends making/breaking records, it is a non-negotiable aspiration for us Indians to make it big in education. Completing high school, opting for an under-graduation and even completing a post-graduation is as much a part of our DNA as the love for cricket is. From gurukuls to home video screens, our education system has come a really long way. What was once considered a privilege blessed upon a very few and achieved by otherwise outstanding individuals, has now become a basic right of every Indian. As the education system continued to try and accommodate more learners, the whole landscape of online learning just made the process of accessing quality education a lot more realistic. Today, education is as much a global spectacle as cricket and is at the doorstep of anyone with an internet connection. Let’s delve into the intriguing parallels between the evolution of these two seemingly disparate entities. Cricket & education: An elite affair back in the days Once upon a time, cricket was a sport that only a privileged few could witness live. The stadiums echoed with the cheers of the elite, and the World Cup was an exclusive affair, limited to those who could afford the time and expense of attending matches. Did you also know that even education was largely accessible only to the privileged. For instance, in Europe, schools were run by Churches and were reserved only for the elite! Accessibility: From elite to everyone From what was accessible only to those who could afford the time and expense of watching live cricket matches in stadiums, cricket soon became more accessible to people from all walks of life. Thanks to television, cricket was viewed with utmost passion by every household. Also, the idea of online learning came about much before you thought it did. In 1994, the first teleconferencing facility at IGNOU (Indira Gandhi National Open University) offered a one-way video and two-way audio communication through phone lines. However, things went down south due to lack of technology. After Covid, technology was put to its best use by way of online learning. You may like to know about the business model of IPL. Live telecast of cricket & classes After televised cricket became a democratic experience, live telecast of cricket made it possible for ardent fans to watch their favorite players from the comfort of their homes. All they had to do was switch on their television sets, subscribe to the channel and enjoy the match! Similarly, online education united learners from different backgrounds, providing them with equal opportunities to pursue knowledge and skills, all from the comfort of their homes. Live cricket or live classes: All at your fingertips The parallels between cricket’s journey and the rise of online degrees deepen with the role of technology. Cricket live streaming soon reached mobile phones and digital broadcasts have brought cricket matches to our fingertips. Missed a live match? Worry not! You can watch match highlights online too. Read more: Everything you need to know about the Tech Marvel at ICC Cricket World Cup 2023 On the other hand, whether you want to attend live classes or study, you can do it anywhere, anytime, on your mobile phone. DRS = online proctored exams DRS has been such a savior for cricketers as it has helped umpires make more accurate decisions. There might be a slight chance for an umpire to make a wrong call, but one cannot mess with technology. In the same way, if you think writing exams in the online mode is easy, you’re wrong. The concept of online proctored exams has made it difficult for learners to engage in malpractices, allowing for an ethical online examination process. Conclusion From exclusive spectacles limited to the elite, both cricket and education have evolved into global phenomena, accessible to anyone with a desire to participate. The democratization brought about by television in cricket and online platforms in education has broken down barriers, creating a more interconnected and inclusive world.
What is the scope of an MBA in IT and FinTech? The FinTech sector has been rapidly expanding in recent years, witnessing a substantial expansion in the number of startups, investments, funding, and users worldwide. The sector offers several Fintech job opportunities to develop, innovate, and flourish. The global finance business is redefined by artificial intelligence, machine learning, and blockchain technologies, and an MBA degree equips students with these emerging technologies. As more renowned banks, venture capitalists, and asset management companies are now welcoming digital disruption; there is a need for skilled individuals in the FinTech sector. Therefore, an MBA in IT & FinTech can provide a variety of employment opportunities for individuals. You can also read Important concepts to learn during an MBA in IT and Fintech. Jobs you can get after an MBA in IT and FinTech Here are a few of the most in-demand roles you can explore after an MBA in IT & FinTech. Financial Analyst Financial analysts organize and assess a company’s finances to help the organization make wise business decisions. They analyze past financial data, predict future outcomes, and propose procedural and policy improvements. Credit Analyst Credit analysts assess a borrower’s prior financial and credit records to ascertain their current financial situation and their capacity to pay back credit that a lender has extended to them. Venture Capital Analyst The venture capital analyst’s responsibility is to determine which companies are worthwhile investments. They establish connections with venture capital firms, collaborate with them to determine the market’s need for potential startups, and then fund those startups so they can grow. Chief Financial Officer The chief financial officer’s responsibilities include analyzing the company’s financial merits and flaws and suggesting corrective measures. They are in charge of overseeing the accounting and finance departments and making sure that the company’s financial reports are precise and finished on time. Financial Risk Manager Financial risk managers are experts at understanding and managing financial risks. Their duties may also include analyzing risks, recognizing menaces to assets, and providing solutions to risks. They are also responsible for creating plans to offset the effects of changing market conditions on enterprises and their financial affairs. Blockchain Developer Blockchain developers create systems to collect and preserve blockchain data in a manner that hinders alterations or hacking, enabling secure digital transactions. They create application functionality and interfaces, safeguard blockchain technologies, and client and server-side apps. Data Scientists Data Scientists collect data and analyze it to extract information that can be used to forecast financial information. They assess and analyze data from various sources to find solutions to financial challenges. Cybersecurity Experts Cybersecurity Experts carry out investigations, create a plan of action, and build security solutions using scenario-based testing. They use smart encryption to protect data and systems and find and fix flaws to thwart future assaults. Must read: FinTech: Changing the way we bank Job rolesAverage salaryFinancial Analyst₹ 4.0 LPACredit Analyst₹ 5.2 LPAFinancial Risk Manager₹ 9.2 LPABlockchain Developer₹ 6.5 LPAData Scientist₹ 10.2 LPACybersecurity Expert₹ 14.2 LPA Sectors in which FinTech professionals can get jobs FinTech is a competitive industry and is growing rapidly with new innovations and technologies. There is no better time than now to enter this technologically advanced industry and begin your career in various sectors after MBA in IT & FinTech. FinTech professionals can work in various sectors, such as: Banks Financial institutes Insurance companies Marketing agencies Research institutes Consulting agencies IT firms How does an MBA in IT and FinTech pave the way for a lucrative career? Manipal University Jaipur offers an online MBA in IT & FinTech course through Online Manipal,to provide in-depth exposure to pivotal FinTech domain components. This program is designed for experts who desire to hold managerial roles in the FinTech sector. Candidates who have enrolled in this program get access to live and record classes from expert faculty, attend career-oriented webinars from industry experts, and get placement assistance after completion of the program. To know more about the syllabus of the program, read MBA IT & FinTech course syllabus. Eligibility Criteria Candidates must have a 10 + 2 + 3 year bachelor’s degree from a recognized university/institution or an equivalent qualification as recognized by the Association of Indian Universities Candidates must have a minimum of 50% marks in aggregate in graduation (45% for reserved categories) Candidates need to clear the online aptitude test conducted by Manipal University Jaipur as per admission norms to the MBA program (part of the application form) Candidates with a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT) need not appear in the above test Conclusion The current market offers thriving chances for an MBA professional skilled in digital finance and banking studies. Pursue an online MBA in IT & Fintech from Manipal University Jaipur if you want to advance your career and are intrigued by the field of Fintech. This course gives individuals a better understanding of industrial policies and standards in the FinTech sector, making them more ready for potential employers and the marketplace.
On my 50th Birthday, I gifted myself an online MBA: Sarina D’Silva Menezes “It was always a heartfelt desire to pursue a Masters Degree in Business from a reputed University and I am pleased to have chosen Manipal University Jaipur. They have a good understanding of busy work lives and this for me was an opportunity to fulfil a desire right where I am,” says Sarina D Menezes, Head & Vice President- Brand Marketing & Corporate Communication at Oberoi Realty Ltd who has had an illustrious career of over 30 years with multiple hospitality and real estate luxury brands. (Receiving the distinguished alumnus award from Welcome Group School of Hotel Administration, Manipal University, 2018) Sarina started her BA degree in Economics, Psychology and Sociology at St Xavier’s College Mumbai but soon realized she wanted to pursue a professional course and stumbled upon WGSHA at Manipal University (now MAHE) that offered a degree in hotel management & hospitality in collaboration with ITC Hotels. Making her a former Manipal University Alumnus too. (Sharing a moment with renowned chef Vikas Khanna) The initial stages of her career were focused on developing business skills and finding opportunities to grow as a leader. However, having always known that she enjoys working and interacting with people – be it customers or colleagues in the service industry, she picked roles that involved plenty of opportunities for human interaction and connectivity. “I started off in Sales and Business Development in the luxury hospitality industry. Starting with ITC Hotels and then moving to Oberoi Hotels. Being a very demanding and fast paced industry, I did not have the time to think or pursue an MBA. Besides I was enjoying the steep learning curve and every aspect of the industry. In 1996, I was approached by a hospitality veteran who was starting India’s first private membership club and that was an opportunity to make my foray into Branding and Marketing. I realized that my strength was in using storytelling, creativity and innovation as a Brand Custodian. In 2020, Sarina moved to an International Property Consultancy and into Prime Real Estate. My role was to market Branded and Prime residential properties located in New York, London, and Dubai. Later, I moved to Oberoi Realty Ltd as Vice President – Brand Marketing and Corporate Communication. An exhilarating journey so far and an opportunity to work with the best in the luxury real estate and hospitality segment,” she says. (With her colleagues in England) Throughout her career, surprisingly, she was never questioned for not having an MBA degree. Speaking about why she did not pursue one, Sarina says, “Looking back, I feel my entire career span has been like an MBA learning as I worked with the best and some fabulous Leaders. India was at the cusp of liberalization in the early 90’s. There was lots happening at the work place. And in those days, the halls of MBA schools were the likes of IIMs, Bajaj and NMIMS – which were for the far and few toppers. Business schools had a very tough and rigorous entrance process.” She enjoyed working closely with Leaders who invested in her. Having to juggle work and family life, there was no time to give up work and go back to University. However, as her career progressed, the desire to acquire a Masters degree surfaced and grew stronger again. After much searching and years of waiting for a flexible learning opportunity, she came across Manipal University Jaipur when they announced their two-year online MBA degree in 2021. “It’s amazing to see Universities now come home. I found the curriculum designed very well to provide flexibility, cater to different learning styles and the convenience to plan study times considering I am a self-study person. So in 2021, I decided to gift myself an MBA course on my 50th birthday,” she says. The biggest learning or takeaway for Sarina in these two years was the discipline of leadership and how it affects and percolates down to different business functions and finally the stakeholders. (With children Naomi and Nathan) “There were challenging times when I did feel like giving up” “I enrolled for the program in April 2021 during the second lockdown. Things were still slow but soon India opened up, business started accelerating and I changed jobs. It was the most challenging time for me to manage the transition, demands of a new job and exams. Some exams were on the day of the product launch. I would give my exam in the morning and rush for the launch in the afternoon,” Sarina says. Sarina diligently listened to lectures every weekend. “As an auditory learner, I like to learn by listening and reading. I also used my work experiences to illustrate and write my papers. Lunch times at work, evenings and weekends were all dedicated to studying as we approached exam dates and submissions.” she says. “The program curriculum is beautifully designed” Throwing some light on the online MBA course structure, she says, “It’s a well-designed program because of the flexibility it offers. If I’m not able to make it for a particular session or lecture, there’s a recording I can listen to in the car during travel times on my phone. There is good reading and listening material to study when I wanted so even when I was in London, I could read my notes.” “One must upskill and work on further qualifications” Sarina believes that young people at mid-management level must consider an MBA after a few years of work life if you want to grow to lead a department and a business. “Fortunately my experience was different. I was never asked me why I did not have a Masters degree. I was never declined a promotion or a leadership role because of a lack of a MBA degree. But those times were different, I have worked with businesses at a time when India was on the brink of opening up. And now, of course, this whole journey of becoming one of the fastest growing economies. Hence, it is imperative to qualify yourself and not rest on the fact that if I am not asked, there is no need to qualify.” she explains.
Importance of AMBA accreditation for online MBA In the contemporary landscape of higher education, the pursuit of an MBA (Master of Business Administration) has never been more accessible, thanks to the availability of online programs. These digital pathways to advanced business knowledge offer the promise of a flexible and convenient learning experience. However, amid this proliferation, a critical question emerges: How does one discern between the multitude of online MBA offerings to ensure that they are convenient and of the highest quality and prestige? This is where the AMBA (Association of MBAs) accreditation emerges as the ultimate standard of excellence, a beacon guiding seekers of virtual education toward programs that not only meet but exceed the most stringent criteria. Understanding the profound significance of AMBA accreditation for online MBA programs is pivotal for both prospective students and institutions offering these programs. In this post, let’s uncover the significance of AMBA recognition in online MBA education, exploring what it means, why it matters, and how it can impact your career and educational experience. Read More: MBA course guide: All you need to know What is AMBA? The Association of MBAs (AMBA) is a prestigious, internationally recognized certifying organization that only evaluates and accredits MBA (Master of Business Administration) programs and associated postgraduate business degrees. Since its founding in 1967, AMBA—along with AACSB and EQUIS—has solidified its position as one of the “big three” global accreditation associations for business education. AMBA accreditation is the hallmark of educational quality in the business realm, signifying that an MBA program surpasses demanding global standards of excellence. This meticulous accreditation approach entails a thorough assessment of an array of program facets, including the standard of the curriculum, the proficiency of the faculty, the inclusion of support resources for students, and the entire educational experience. Achieving AMBA accreditation demonstrates an institution’s relentless dedication to providing exemplary business education and equipping graduates to prosper in the rapidly transforming global business environment. Why is AMBA accreditation important? The importance of AMBA accreditation in online MBAs is paramount owing to several compelling reasons listed below. Highest standard of achievement in PG business: AMBA accreditation stands as the zenith of achievement for postgraduate business programs. It embodies a commitment to the utmost standards of academic excellence, an unwavering dedication to the cultivation of advanced managerial knowledge, and an unequivocal focus on intellectual rigor. Programs that secure AMBA accreditation transcend mediocrity, positioning themselves as the best of all. Quality assurance in business education: AMBA accreditation serves as a meticulous quality control mechanism. Business schools comprehensively assess every aspect of their programs to attain and maintain this accreditation. This includes curriculum rigor, faculty qualifications, research productivity, and the ability to produce graduates who meet industry demands. It ensures that students are exposed to the most current and relevant knowledge and skills, fostering their readiness for a rapidly evolving business landscape. Recognized by employers: Employers, whether they are multinational corporations or startups, hold accredited online MBA options in high regard. They recognize it as a symbol of excellence and a reliable indicator of the caliber of graduates produced by accredited institutions. Graduates with an AMBA-accredited degree are often sought after by employers who are confident in their ability to contribute effectively to their organizations from day one. International credibility: AMBA accreditation transcends national borders, offering international credibility to business programs. It bestows upon the accredited institution a global cachet that resonates with prospective students worldwide. When an institution achieves AMBA accreditation, it is an affirmation that it aligns with and often surpasses international benchmarks. Consequently, it draws an international cohort of students seeking a truly global educational experience. An affirmation by the AMBA signifies a dedication to quality in all facets of business education. It shows that an academic institution is committed to turning forth graduates who are knowledgeable in business philosophy and have the practical abilities and global perspective vital to flourish in the cutthroat environment of modern business. It demonstrates the institution’s vow to produce elite future business leaders. Also Read: Pros & cons of online MA for working professionals AMBA-accredited colleges in India The list of academic institutes in India that offer online MBA programs with AMBA accreditation includes: T A Pai Management Institute Goa Institute of Management Great Lakes Institute of Management, Chennai (including Gurgaon campus) International Management Institute (IMI) – New Delhi (incl. Bhubaneswar & Kolkata campuses) Indian Institute of Management Rohtak Indian Institute of Management Calcutta Indian Institute of Management Indore Indian Institute of Management Kozhikode Indian Institute of Management Lucknow Indian Institute of Management Tiruchirappalli Indian School of Business MDI Management Development Institute SP Jain Institute of Management & Research XLRI Xavier School of Management TAPMI’s online MBA in BKFS in AMBA Accredited T. A. Pai Management Institute’s online MBA in BKFS (Banking and Financial Services) offered through Online Manipal is distinguished by its accreditation from the AMBA, a hallmark of academic excellence and global recognition. This accreditation underscores TAPMI’s commitment to delivering a program of the highest quality. Opting for an online MBA from TAPMI provides students with a flexible and accessible path to acquiring specialized knowledge in finance while maintaining their professional and personal commitments. The AMBA accreditation adds a significant advantage to graduates, as it signifies alignment with international standards and enhances their career prospects in the dynamic banking and financial services field, opening doors to top-tier opportunities and leadership roles. Read More: How to choose the right online MA course for your career goals Conclusion In conclusion, the benefits of pursuing an AMBA-accredited online MBA are massive, as this accreditation serves as a beacon of quality, global recognition, and a commitment to educational excellence. When selecting an online MBA program, prospective students must prioritize those who have earned the prestigious AMBA accreditation. This status enriches the educational process and profoundly impacts employment prospects. Earning an MBA from an accredited program can be your passport to success, offering a world of opportunities and ensuring you remain competitive in the global job market. Visit Online Manipal to learn more about AMBA-accredited TAPMI MBA in Banking and Finance.
Unlocking Success: Online MBA at MAHE through the eyes of learners Embarking on the journey of education is akin to laying the foundation for a prosperous future. In the digital age, the landscape of learning has expanded beyond the traditional confines of brick-and-mortar institutions. MAHE, a pioneer in education, has seamlessly embraced this transformation, offering an Online MBA in Healthcare Management that has garnered praise from learners across diverse professional backgrounds. Debabrata Das: A Doctor’s Perspective Debabrata Das, a seasoned professional in the healthcare sector, emphasizes the impeccable quality of education offered by MAHE’s online platform. Speaking of the same he says “I heard about online MBA- (Healthcare Management) from a senior of mine (Debashish Das) who himself is a doctor and an alumnus of the Manipal group. Being a director of BP Buddha Hospital, I felt I should gather knowledge to lead. Faculty, quality of lectures, and the communication system are 5/5, allowing us to work and learn.” Ankita Pal: Navigating Career Transitions A dental professional aspiring for career diversification, Ankita Pal, highlights the transformative potential of MAHE’s online MBA and says “I’m a dental student and working as an assistant professor in the dental department. However, I’m looking to make a career switch since I’m looking for a high-paying job. I believe this MBA degree can add great value to my career as I can explore job opportunities in healthcare or corporate. Overall, my experience has been great. The online classes are very flexible, and the faculty members are supportive. The LMS is easy to use, and I can watch recorded lectures if I miss live classes.” Sagar Sharma: Balancing a Career and Studies While praising the curriculum’s clarity, Sagar another enthusiastic learner says “I work in Manipal Hospital, practicing for 15 years, and decided to move to the administration side. Used to do administration in small hospitals. Need degrees in corporate hospitals. I study for an hour every day and on Sundays. It is a great experience learning with online MBA. The cost is very affordable. The course curriculum is easily followable. It’s online, making it easy and comfortable for me to attend. The way to contact administration is a tedious process. It’s complicated and makes the whole thing difficult.” Advantages of studying online with MAHE The above statements collectively emphasize the numerous benefits associated with undertaking an Online MBA in Healthcare Management with MAHE. The program’s exceptional flexibility empowers professionals to effortlessly incorporate education into their current commitments, allowing for a harmonious balance between work and academic pursuits. The testimonials consistently highlight the program’s strength in accommodating diverse schedules. Our learners commend the supportive faculty, who play a pivotal role in enhancing the overall learning experience. The faculty’s commitment to student success is evident in their guidance and mentorship, contributing to a positive and collaborative academic atmosphere. Additionally, the intuitive Learning Management System (LMS) further enriches the educational journey, providing a user-friendly platform that enhances accessibility and engagement. The combination of flexible scheduling, supportive faculty, and an intuitive LMS not only facilitates educational pursuits but also acts as a catalyst for career growth and transitions within the dynamic field of healthcare management. Conclusion MAHE’s commitment to excellence in education is evident in the testimonials of these learners. The Online MBA in Healthcare Management emerges not only as a bridge to academic success but also as a catalyst for professional transformation. As learners navigate the digital realm of education, MAHE stands as a beacon, illuminating the path to success in the dynamic landscape of healthcare management and administration.
The financial dynamics of the ICC World Cup 2023 The ICC Men’s Cricket World Cup is a highly anticipated event in the world of cricket, and the 2023 edition is no exception. Notably, this tournament is unique as it marks the first time India is hosting a One-Day World Cup Cricket entirely on its own. While India has previously co-hosted this prestigious event in 1987, 1996, and 2011, this time, it stands as the sole host nation, attracting significant attention to the financial aspects of the tournament. In addition to the thrilling performances of teams and players, there’s a growing curiosity surrounding the expenses, revenues, and financial intricacies of the ICC World Cup 2023. People are keen to understand who benefits the most, who bears the expenses, and what advantages accrue to India as the host nation. The primary motivation for countries to host such global events is to bolster their economies by attracting foreign visitors and investments. According to news reports, India is poised to gain a substantial USD 2.6 billion boost to its GDP by hosting the ICC World Cup 2023. Key Stakeholders in the ICC World Cup Cricket To comprehend the financial underpinnings of this event, we must first identify the three major stakeholders involved: The International Cricket Council (ICC): The ICC is the global governing body for cricket and plays a pivotal role in regulating and organizing international cricket competitions, including the ICC Cricket World Cup. The ICC establishes the rules, regulations, playing conditions, equipment standards, and anti-corruption measures for the game. Host Nation – India: The ICC selects the host nation on a rotational basis from its 12 full-time member countries. Ideally, one ODI World Cup should be conducted in a member nation every 20 years, though powerful nations often take the lead in hosting the tournament. In this case, India is the current host nation for the ICC World Cup Cricket. Cricket Control Board of the Host Nation – Board of Control for Cricket in India (BCCI): The BCCI is another significant stakeholder in the ICC World Cup. As the governing body for cricket in India, it plays a vital role in the event’s organization. Financial Aspects: Expenses and Revenues Let’s delve into the financial aspects by examining the expenses incurred by each of the primary stakeholders. Expenses and Revenues of the International Cricket Council (ICC) Expenses of the ICC for the World Cup include: Prize Money: The total prize money allocated for the tournament amounts to USD 10 million. The winner receives USD 4 million, the runner-up gets USD 2 million, and the losing semi-finalists earn USD 800,000 each. Teams eliminated in the first round (group stage) receive USD 100,000, and winning teams in group stage matches collect USD 40,000. A total of 45 matches are scheduled in the group stage for the ICC World Cup 2023. 2. Salary for Match Officials: The ICC’s elite list comprises 12 umpires responsible for monitoring the World Cup matches. Each umpire receives USD 3,000 per match, in addition to other fixed remunerations. Match referees and official commentary panelists also receive compensation. Revenues of the ICC from the World Cup 1. Broadcasting and media rights: A significant portion of ICC’s profits from the ODI World Cup Cricket comes from broadcasting and media rights. ICC grants broadcasting rights to sports channels from various countries to telecast live matches. Currently, Star Sports is the official broadcaster of all ICC events, having secured the broadcasting rights for USD 1.8 billion in 2015 for an eight-year period (until 2023). It is estimated that ICC earns approximately USD 534 million (approximately INR 4,400 crores) from broadcasting rights during the ongoing ICC World Cup Cricket 2023. Additionally, channels generate revenue from advertisements during the event, attracting companies from various sectors to market their products and services to a global audience. As per Disney Star announcement, 26 brands are associated with the official broadcasters – Star Sports network on TV and Disney+ Hotstar in the digital streaming. The full list of advertisers – PhonePe, Mahindra & Mahindra Ltd, Dream11, Hindustan Unilever, Coca-Cola, Havells, IndusInd Bank, Pernod India, Booking.com, Peter England, Kingfisher Packaged Drinking Water, Mondelez, Emirates, Diageo, Jindal Panther, MRF Tyres, LendingKart, BPCL, Herbalife, Haier Appliances, AMFI, Google Pay, Polycab, Amul, VIDA by Hero Motorcorp, and Amazon. 2. Sponsorships: ICC secures a variety of sponsors for the World Cup Cricket, including global sponsors, social media sponsors, and category-specific sponsors. Each sponsor is estimated to contribute around USD 30 to 40 million to ICC. Sponsors prominently display their logos and advertisements in various locations within the stadium and on the ground. List of brands that are sponsoring ICC Cricket World Cup 2023 Global partnersOfficial partnersCategory partnersAramcoBira91Royal StagMRFCoca-ColaJacob’s CreekBooking.comUpstoxDream11Byju’sOppoFanCrazeEmiratesPolycab BharatPeNium Nissan Source: www.icc-cricket.com You may also like to read a blog on sponsorships in FIFA World Cup Football. 3. Miscellaneous revenues: This category includes official merchandise sales by ICC during the World Cup tournament. ICC also receives a share of the match ticket sales revenue. Expenses and Revenues of the Host Nation Expenses incurred by the host nation, in this case, India, include: 1. Spending on infrastructure development: The host nation must allocate funds for the development of critical infrastructure such as stadiums, transportation facilities, and more. 2. Tax exemptions: Host nations often provide full or partial tax exemptions to facilitate the seamless organization of global events. In India’s case, while full tax exemptions were granted for the 2011 World Cup, only a 10% tax exemption was allowed during the 2016 Twenty20 World Cup Cricket. Interestingly, no tax exemptions have been extended to ICC during the current World Cup, and an additional 21.84% surcharge has been imposed on broadcasting rights by the Indian government. Revenues for the host nation, India, primarily revolve around: 1. Travel and tourism: Hosting the ICC World Cup attracts cricket fans and enthusiasts from around the world to India. The Indian economy benefits from their expenditures on travel, accommodations in various cities where matches are held, and tourism-related activities. Indian nationals also travel to different locations to witness matches, contributing to the economy. Hotels, airlines, and local businesses in cities hosting matches also experience increased business, as was the case in England during the previous World Cup, where reports indicate USD 350 million in revenue was generated. 2. Tax revenue: As previously mentioned, India imposes an additional 20% surcharge on broadcasting rights. The host nation also collects taxes from various sources, including ticket sales, merchandise sales, Goods and Services Tax (GST) on airline tickets, hotels, restaurants, and food delivery services. The World Cup may contribute to inflationary pressures, evident in the increased costs of airline tickets and hotel rentals in the ten cities hosting the matches. Collectively, these factors contribute to an augmented tax revenue for the nation. Explore the details of the tech used in the ICC World Cup Cricket. Expenses and revenues of the Cricket Control Board of the host nation (BCCI) Expenses of BCCI Expenses incurred by the BCCI for the ICC World Cup 2023 include: 1. Host fee to ICC: BCCI is required to pay a host fee (approximately INR 200 crore) to host the tournament in India. 2. Contribution for upgrading stadiums: BCCI contributes INR 50 crore for the renovation of each of the 10 stadiums where matches are played, totaling INR 500 crore. 3. Remuneration to Indian players: BCCI covers the salaries and other remunerations of players representing the Indian team. 4. Travel and accommodation expenses for foreign players: BCCI bears the expenses for the travel and accommodation of foreign players during their stay in India. Revenues for the BCCI are sourced from: 1. Sponsorship for the Host Team: BCCI secures sponsorship deals for the Indian team, with sponsors such as Dream11, Adidas, and IDFC First Bank. 2. A Share from ICC revenue: ICC shares revenue with the cricket board of the host nation. The IPL, annual national cricket league, is conducted by BCCI. Read the business model of the IPL. Challenges in organizing Cricket World Cup in 2023 The Indian government seeks to earn tax revenue from hosting the ODI World Cup in India, making it imperative for the BCCI to manage the taxes imposed on the ICC. Failure to obtain tax exemptions from the government results in the ICC deducting the taxed amount from the BCCI’s annual revenue share. Currently, the BCCI faces potential losses, with reports indicating that it may lose INR 955 crore if the Indian government refuses tax exemption. A legal battle is ongoing in the ICC tribunal regarding an extra tax burden of INR 190 crore that the BCCI incurred when the government allowed only a 10% tax exemption during the T20 Cricket World Cup in 2016. The BCCI is actively working to secure at least a 10% tax exemption to reduce the burden to INR 430 crore. Conclusion In conclusion, the ICC World Cup Cricket 2023 is a complex financial endeavor involving multiple stakeholders. While the host nation and the ICC can realize substantial profits from the event, the BCCI faces financial challenges and potential losses as it navigates the intricate financial landscape of organizing a global sporting spectacle. Alongside Men’s ODI World Cup Cricket 2023, Online Manipal also celebrate this cricket extravaganza by empowering online learners to become all-rounders in their career fields by delivering UGC-entitled online degrees that are recognized at par with on-campus programs. If you have liked to read this blog, you may be interested in reading another blog on world cup of online education.
