Another successful Convocation of online graduates of Manipal University Jaipur! It was a hot summer morning in Jaipur on 25th May 2024, when the online graduates of Manipal University Jaipur, who travelled from different corners of the country gathered in the sprawling MUJ campus to attend their Convocation ceremony. In the life of an online learner, Convocation marks a significant milestone. After days of pure dedication and staying motivated in a virtual classroom, an online learner sets foot to experience the real world. A Convocation in the college campus makes it even more special. This was the second successful in-person Convocation held by Manipal University Jaipur for its online graduates. A total of 1,308 students of MBA (Master of Business Administration), MCA (Master of Computer Applications), MCom (Master of Commerce), and MA JMC (Master of Journalism and Mass Communication) marked this milestone in their academic journey. The rest of the achievers, who couldn’t make it in person, will receive their well-deserved certificates both digitally and in hard copy. Inspired by the success of the first Convocation, online learners, dressed in their best attires, brimming with excitement reached the campus on the morning of May 25th, Saturday. They took their time to look around the picturesque campus, met up with their friends, interacted with faculty and waited with excitement to receive their certificates. Soon after they were served a lavish buffet lunch, students headed to a state-of-the art auditorium, all set to receive their degree certificates. The convocation kicked off with a procession by the dignitaries- Dr G K Prabhu, President, Manipal University Jaipur, Cmde (Dr) Jawahar M Jangir, Pro President, MUJ, Dr Mallikarjuna Gadapa, Director, Center for Distance and Online Education, MUJ, and Mr Ambrish Sinha, CEO, UNext Learning. The chief guest of the event was Gautam Khanna, Senior Vice President, M&A, Wipro Digital & Cloud. Dr G K Prabhu, President, Manipal University Jaipur, addressed the first batch of online graduates and said, “In a world where technology continues to revolutionize every aspect of our lives, online education stands at the forefront of innovation. Our online degree programs have empowered individuals from diverse backgrounds to pursue higher education without the constraint of time and space. Hope you continue to strive for excellence, uphold the values instilled in you and make a positive impact on society.” Speaking about the grand success of the convocation, Dr Mallikarjuna Gadapa, Director, Centre for Distance and Online Education (CDOE), Manipal University Jaipur, said, “In today’s digital age, online degrees from Manipal University Jaipur enable students to realize their full potential without sacrificing their current responsibilities and jobs. By providing high-quality education online, we are transforming the lives of students by helping them become future-ready professionals who can compete in the evolving job market. We are happy and proud to see our students performing well in their respective fields and we wish the graduating batch all success in their future endeavors.” Congratulating the online graduates, the Chief Guest, Gautam Khanna, Senior Vice President, M&A, Wipro Digital & Cloud, said, “Grit & resilience, curiosity & adaptiveness, and having a strong moral compass are the key attributes to one’s success. We live in an extremely fast paced and evolving world and online education is the best tool in the hands of learners. As online learners, you have been spending your weekends in learning and I would encourage you all to continue doing that to be lifelong learners.” For graduates who were present on campus, the day was filled with excitement of walking across the stage, shaking hands with faculty, and receiving their well-deserved degrees. Not only that, students from various walks of life came together, creating lifelong bonds and memories.
What can I do with a political science degree? If you are an avid follower of Indian and world politics and love to contribute your opinions to the political scenario around you, getting a professional degree in political science is one of your best choices. The domain holds immense scope for students and graduates in the field, as it allows opportunities that overlap with other study areas, such as sociology, anthropology, economics, history, and public policy. Moreover, a professional degree in political science opens doors to diverse job roles, owing to the ever-changing political landscape globally. This blog dives deeper into the varied political science degree careers and opportunities for graduates. Subjects covered in a political science degree Before talking more about careers with a political science degree, let us first understand what the study program entails. Listed below are the primary subjects that the course curriculum of political science covers: Western political thought: The subject primarily focuses on the history of the Western part of the world and the various issues facing it. Governance & public policy in India: It explains the importance of good governance in implementing public policies in the country effectively. It also talks in detail about the different governing bodies in India, namely the bureaucracy, judiciary, and local governments. Interpreting modern India: This subject analyzes the political opinions floating around in the contemporary Indian political scenario. Political sociology of India: It reflects on the events that emerged after India attained independence and became a democratic republic. Political theory: It entails a detailed study of concepts of politics and the history of political ideas and opinions of leaders from the olden times to the present era. Gender and politics: This area of study examines the relationship that exists between gender and politics in India, focusing research on representation and how the gender of people shapes their participation in political events. As the political strategy takes the center stage in Indian and world politics, political science students have a lot to learn from Lok Sabha elections. Diverse job profiles in Political Science Graduates with a degree in political science are equipped with the desired skills which they can apply in a variety of career profiles. Some of the top job opportunities for political science grads are: Consulting: Political consultants help create a positive image for candidates before the public. Data Analytics: Political analysts gather and analyze data and provide interpretations to predict political and socio-economic trends. Media: Political science graduates are eligible to apply for a variety of media roles, including journalism, public relations, and social media management. Business: Students with a degree in political science can also consider some business opportunities such as starting their political consultancy, offering research and analysis for organizations, and providing public relations services to political parties or the government. Finance: Political science graduates can also consider a lucrative career in the finance industry with their key skills in research and analysis of large data sets that come in handy with numbers and finance as well. Career options after a political science degree We discussed the various political science degree pathways for future career prospects in the section above. Let us now look at the top 5 high-paying job roles for political science graduates in India: Expected job roleJob description Average annual salary (approx)Political AnalystEvaluate the effectiveness of a policy INR 9.15 lakh per annumPolitical ScientistAssess political concepts, developments, and policiesINR 750,000 per annumPublic Relations SpecialistInfluence public opinion about their clients in a positive way INR 591,795 per annumPolitical JournalistCover political events, news, and stories, and present them accurately to the massesINR 4.6 lakhs per annumLegislative AssistantHelping government officials carry out day-to-day administrative dutiesINR 4,25,041 per annum Conclusion A professional degree in political science is a stepping stone to a lucrative career in diverse job roles, as can be seen from this blog. It is an ideal course for those interested in the world of national and international politics and who wish to contribute to the larger good of society. Sikkim Manipal University offers online BA courses with combinations of Political Science, English, and Sociology. After graduating with the BA program, students can move on to pursuing an online MA in Political Science to gain advanced skills and knowledge in the domain and to step up their career paths.
Business of entertainment cricket: Unveiling the IPL 2024 financial model The Indian Premier League (IPL) has revolutionized cricket, transforming it from a beloved gentleman sport into a multi-billion-dollar entertainment extravaganza. Every year, the world watches in awe as cricket’s biggest stars battle it out for glory. But what drives this financial juggernaut? This blog delves into the intricate business model of the IPL 2024, exploring the various revenue streams that fuel this cricketing spectacle, while also dissecting the expenses incurred by key stakeholders at different stages. IPL expenses and revenues Here’s a breakdown of the expense and revenue streams at different stages: Stage Expenses Revenues Pre-season Franchise: Player auctions, team building, merchandise production. BCCI: Marketing & advertising campaigns, broadcast rights negotiations, central sponsorship deals. Franchises: Limited sponsorship deals, merchandise sales (pre-season orders). BCCI: Broadcast rights fees, central sponsorship deals. During the season Franchise: Operational costs, stadium management, match-day expenses (security, catering, etc.). BCCI: Production costs for broadcast, managing the tournament infrastructure. BCCI: Broadcast rights fees shared with franchises. Franchises: Ticket sales, gate-sharing agreements (if applicable), premium seating revenue, additional merchandise sales, in-stadium food & beverage concessions (if applicable). Post-season Revenue Sharing: BCCI distributes prize money and the remaining shared revenue to franchises. Here are the financial aspects of ICC World Cup Cricket 2023 A franchise frenzy: Ownership & expenses Unlike traditional sports leagues, the IPL operates on a franchise model. Wealthy consortiums purchase the rights to own and operate teams in specific cities. These franchises, like the Mumbai Indians or Chennai Super Kings, are independent entities with significant financial responsibilities. Currently, there are 10 teams that represent different top-tier cities or states. There was inclusion and exclusion of a few franchises in its 17-year journey. Here are the current teams and its owners TeamsHome groundOwnersSponsorsChennai Super Kings M. A. Chidambaram Stadium, Chennai Chennai Super Kings Cricket Ltd Kit: SEVEN Shirt (Front): TVS Eurogrip Shirt (Back): Etihad Airways Chest branding: Gulf Oil Royal Challengers Bengaluru M. Chinnaswamy Stadium, Bengaluru United Spirits Kit: Puma Shirt (Front): Qatar Airways Shirt (Back): KEI Chest branding: Delhivery Sunrisers Hyderabad Rajiv Gandhi International Cricket Stadium, Hyderabad Kalanithi Maran, Sun TV Network Kit: Wrogn Shirt (Front): Dream 11 Shirt (Back): BKT Chest branding: Kühl Mumbai Indians Wankhede Stadium, CCI-Brabourne Stadium Reliance Industries Limited Kit: Skechers Shirt (Front): Slice Shirt (Back): DHL, PRAN-RFL Group Chorki Chest branding: IDFC First Bank Gujarat Titans Narendra Modi Stadium, Motera, Ahmedabad CVC Capital Partners Kit: EM Shirt (Front): Dream11 Shirt (Back): BKT Chest branding: Capri Loans Kolkata Knight Riders Eden Gardens, Kolkata Shah Rukh Khan, Jay Mehta, Juhi Chawla, Red Chillies Entertainment Shirt (Front): Dream11 Shirt (Back): BKT Chest branding: Lux Cozi, PRAN-RFL Group Chorki Rajasthan Royals Sawai Mansingh Stadium, Jaipur Manoj Badale, Lachlan Murdoch Kit: Alcis Shirt (Front): Luminous Shirt (Back): BKT Chest branding: Neom Lucknow Super Giants Ekana Sports City, Lucknow RPSG Group Shirt (Front): My11Circle Shirt (Back): BKT Chest branding: Greenply Delhi Capitals Arun Jaitley Stadium, New Delhi GMR Group, JSW Group Kit: Puma Shirt (Front): Hero FinCorp Shirt (Back): DP World Chest branding: Greenpanel Kings XI Punjab I.S. Bindra Punjab Cricket Association Stadium, Mohali, Punjab Preity Zinta, Ness Wadia, Karan Paul, Mohit Burman Shirt (Front): Dream11 Shirt (Back): BKT Chest branding: Kent RO Franchise revenue streams Central pool share: A significant portion of the total revenue generated by the IPL (broadcasting rights, sponsorships, etc.) is shared equally among all franchises. This ensures financial stability even for teams with lower on-field performance. Match day earnings: Ticket sales (including premium seating and VIP experiences) remain a vital revenue stream. Additionally, franchises may have gate-sharing agreements with stadiums, generating income from food and beverage concessions. Sponsorship deals: Teams secure independent sponsorship deals, allowing them to leverage their brand image to attract companies seeking regional or national exposure. Merchandise sales: Team jerseys, caps, and other memorabilia are a major source of income. Franchises can further capitalize on fan loyalty by expanding merchandise offerings to include lifestyle products. Franchise expenses Player acquisition: Franchises participate in auctions to acquire players for their squad. Retaining star players and acquiring promising talent can be a significant expense. Player salaries & staff costs: Franchises pay hefty salaries to players, coaches, support staff, and administrative personnel. Operational costs: Travel, logistics, accommodation, training facilities, equipment, and marketing activities all contribute to operational expenses. Broadcast bonanza: The lifeline of the IPL The IPL’s crown jewel is undoubtedly its broadcasting rights. The Board of Control for Cricket in India (BCCI) auctions these rights to television and digital platforms, generating a colossal sum. This revenue is then shared between the BCCI and the franchises. BCCI revenue Broadcast rights: The BCCI receives a significant portion of the revenue generated from selling broadcasting rights. BCCI expenses Tournament organization: The BCCI shoulders the responsibility of organizing the entire tournament, including logistics, scheduling, staffing, and infrastructure development. Player compensation: The BCCI allocates prize money for the winner, runner-up, and other playoff participants. Development initiatives: The BCCI invests in grassroots cricket development programs to nurture future talent. What’s common in cricket and online learning? Read this blog that compares cricket world cup and online learning. Sponsorship symphony: A chorus of big brands Sponsorships are another significant revenue stream for the IPL. Companies across various sectors vie for brand visibility during matches. Sponsorships can be categorized into two main segments: IPL-level sponsors: These sponsorships involve brand association with the entire league, ensuring maximum visibility throughout the tournament. The BCCI manages these high-value deals. Franchise-level sponsors: As mentioned earlier, franchises secure independent sponsorship deals specific to their team, further amplifying their revenue streams. IPL 2024 sponsors This table has the list of sponsors with their level of partnerships. Partnership Sponsors Name Price (Rs) Title Sponsor Tata 2,500 crore Associate Partners My11Circle, Angle One, Rupay, Ceat 1,485 Crores Official Broadcasters Disney Star Network 23,575 crores Digitial Streaming Partner Jio Cinema 23,758 crores Source: InsideSports Sponsor revenue Brand visibility: Sponsors gain significant brand exposure through on-ground activations, logo placements on team jerseys and branding during matches. Target audience reach: The IPL’s massive viewership allows sponsors to directly reach their target audience. DLF, India’s largest real estate developer, held the title sponsorship for the IPL, securing the rights for five seasons with a bid of INR 200 crore (USD 25 million) from 2008 to 2012. Following the 2012 season, PepsiCo acquired the title sponsorship rights for the subsequent five seasons with a bid of INR 397 crore (USD 50 million). However, PepsiCo terminated the deal in October 2015, two years ahead of schedule, citing the suspension of the Chennai and Rajasthan franchises. The BCCI then transferred the title sponsorship rights for the remaining two seasons to Chinese smartphone manufacturer Vivo for INR 200 crore (USD 25 million). In June 2017, Vivo won the rights for the next five seasons from 2018 to 2022 with a bid of INR 2,199 crore (USD 280 million). However, on 4 August 2020, Vivo withdrew from the sponsorship due to the military tensions between India and China at the Line of Actual Control, as well as market losses incurred during the COVID-19 pandemic. Dream11 stepped in as the title sponsor for the 2020 IPL for INR 222 crore. Vivo returned as the title sponsor for the 2021 IPL season but withdrew again, leading to the Tata Group taking over for the next two seasons. InsideSport reported that the BCCI would receive IN 498 crore (USD 62 million) for the 2022 and 2023 seasons from the title sponsors. Due to the new deal’s structure, Tata would pay INR 335 crore (USD 42 million) per year, while Vivo would cover the deficit of INR 163 crore (USD 20 million) per season. IPL title sponsors from 2007 to 2024 Sponsor Period Annual sponsorship fee DLF 2008–2012 ₹40 crore Pepsi 2013–2015 ₹79.2 crore Vivo 2016–2017 ₹100 crore 2018–2019 ₹440 crore Dream11 2020 ₹222 crore Vivo 2021 ₹440 crore Tata 2022–2023 ₹335 crore 2024–2028 ₹500 crore Source: Business Standard Sponsor expenses Sponsorship fees: Companies pay a premium to secure sponsorship rights at either the IPL or franchise level. Activation costs: Sponsors invest in creating engaging activations and marketing campaigns to maximize the impact of their sponsorship. You may also like to read about the sponsorship of FIFA world cup 2022. Merchandise mania: Tapping into fan passion The passionate fan base of the IPL fuels a thriving merchandise market. Team jerseys, caps, bats, and other memorabilia are highly sought-after by fans, generating significant revenue. Revenue streams Official merchandise sales: The IPL and franchises collaborate with licensed vendors to sell official merchandise through online and physical stores. Fan-made merchandise: While unofficial merchandise sales are not directly controlled by the league, they still contribute to the overall IPL ecosystem and fan engagement. Expenses Production & licensing: Costs associated with designing, manufacturing, and licensing official merchandise. Distribution & marketing: Expenses related to distribution channels, marketing campaigns, and promotions. Ticketing triumphs: The allure of the live experience While the pandemic has impacted attendance, ticket sales remain a vital revenue stream. Franchise expenses Ticket printing & distribution: Costs associated with printing tickets and managing the distribution process. Stadium management: Expenses related to maintaining the stadium and ensuring a smooth fan experience. Franchise revenues Ticket sales: Revenue generated from selling tickets to fans for matches. Premium seating & VIP experiences: Offering premium seating options with exclusive benefits can generate higher revenue per ticket. Beyond the glitter: The digital domain In-app purchases: Selling virtual merchandise, exclusive content downloads, or access to special features within the app. Digital advertising: Utilizing the IPL app and website to display targeted advertising from various brands. Player powerhouse: The engine that drives it all Players are the heart and soul of the IPL. They shoulder the responsibility of delivering on-field entertainment and attracting fans. Player expenses Maintaining fitness: Players invest in personal training, nutritionists, and physiotherapists to stay in peak physical condition. Travel & accommodation: During the tournament, players incur personal expenses for travel and comfortable accommodation. Player revenues IPL contracts: Salaries and bonuses earned through their IPL contracts form the primary source of income. Endorsement deals: Popular players attract lucrative endorsement deals with brands looking to leverage their fame. Prize money: Winning teams and outstanding individual performers share prize money allocated by the BCCI. The final frontier: Emerging revenue streams The IPL constantly seeks innovative ways to expand its financial reach. Here are some potential future revenue streams: In-play betting (Subject to legalities): The introduction of regulated in-play betting could generate significant revenue, though legal hurdles exist. Metaverse & NFTs: The IPL could explore creating a virtual IPL experience in the metaverse, potentially involving NFTs for digital collectibles or exclusive fan experiences. Strategic international partnerships: Collaborations with other cricket leagues worldwide could open new sponsorship and broadcasting opportunities. Conclusion: A well-oiled machine, ready to roll The business model of IPL is a carefully crafted symphony, with each stakeholder contributing to the financial success of the league. By understanding the intricate workings of the IPL’s business model, we gain a deeper understanding of the forces that drive this cricketing phenomenon. As the IPL 2024 unfolds, it will be fascinating to witness how the league continues to evolve and adapt, solidifying its position as a global sporting and entertainment powerhouse. Online Manipal, one of the leading online leading platforms in India, enables hassle-free education to students from various backgrounds. India’s top-rated universities such as Manipal Academy of Higher Education (MAHE), Sikkim Manipal University (SMU), and Manipal University Jaipur (MUJ) are offering undergraduate and postgraduate degrees online that helps learners pursue their education at their convenience. Like IPL, the bite-sized learning resources through an AI-enabled learning management system (LMS) makes the education more fun.
