MBA or Business Certificate: What should you prefer? Posted on August 22, 2022November 16, 2022 by Online Manipal Editorial Team The path to achieving your career aspirations can frequently appear taxing. You might be unclear about which path to choose when deciding between a business certificate and an MBA while thinking about advancing your career. Which of these two options best suits your preferences? What is the most exemplary programme that provides the best investment return? The answers to these questions primarily depend on your objectives and career goals. Some factors to consider before making a choice are the course’s completion duration, fees, abilities and skills you’ll acquire, and the potential career options you’ll want to choose after completing the course. Let’s examine the specifics of these programmes and the benefits they provide. A business certificate and an MBA are both useful in various ways. A top online MBA programme can help you succeed if you wish to achieve proficiency across different business and management-related areas or pursue leadership and managerial positions. In contrast, a business graduate certificate could assist you in developing specialised abilities that will complement your existing knowledge. An MBA programme provides students knowledge across various business disciplines, while certifications concentrate on one specific discipline. A quality MBA course teaches soft skills, including communication, mentorship, work ethic, accountability, and business management information. The development of soft skills and leadership qualities in an MBA programme is usually lacking in most certifications. However, having specialised knowledge obtained through certifications improves your chances of landing a higher-paying job in various domains. The first step in earning qualifications is determining which educational background best fits your needs, preferences, and professional objectives. Some questions to consider are: Which speciality is most appropriate for you? Which degree appeals to you most? Which programme will assist you in getting a decent job? Your career objectives and goals will determine the answers to all of these questions. Candidates with a Certification or an MBA degree can distinguish themselves from others in a competitive employment market. But it can be difficult to make selections when it comes to picking the best vocation or course of study. Let’s examine the differences between an MBA and a business certification. You can choose the best job route with the following article’s assistance. The information provided is valuable, but it is crucial for you to grasp the advantages and disadvantages of each method to understand which suits your long-term professional objectives better. An Overview of MBA An MBA is a postgraduate business degree emphasising management, entrepreneurship, and business. It is typically regarded as a terminal degree, and most MBA grads do not continue their education after receiving one. However, a DBA (Doctor of Business Administration) or a PhD are other choices for MBA graduates who want to continue their education further. The MBA degree is occasionally regarded as the first step toward higher-level and more esteemed professions, like those with executive or managerial designations. Although an MBA aims to impart students a thorough knowledge of business management, most learners select a specialisation that enables them to focus their studies even more on particular skill sets. For instance, you might decide to pursue an MBA with an emphasis in marketing or a financial or technological specialisation. How much time does it take to earn an MBA? A full two years of academic dedication was once necessary for MBA programmes, and many MBA programmes still take this much to conclude. Since there are now opportunities for rapid, intensive study, you might be able to finish your MBA in as little as a year. You can also choose a full or part-time MBA course through some institutions. Full-time programmes demand a significant time commitment and are typically advised if you want to take a break from your work career to reset your vocation fully. Part-time courses are preferable if you wish to improve your abilities while holding your current job role. Furthermore, part-time programmes are beneficial if you want to keep the same job path instead of radically altering it. What will I explore in an MBA programme? Although the curriculum can differ from institution to institution, most programmes aim to train you to manage an organisation. As a result, courses frequently concentrate on how to lead others, manage a team, evaluate vast amounts of data, and manoeuvre through multiple business models and organisational hierarchies. In addition to more specialised topics like organisational psychology or business ethics, everything from finances and accounting to marketing can be covered in specific MBA courses. Useful articles: 10 best career options for you after an online MBA 10 ways how MBAs shape leaders Is an MBA worth it in 2022? Pros & Cons of doing an MBA Eligibility criteria for MBA aspirants After clearing the 10+2 examination, a minimum 3-year bachelor’s degree from a reputable university with a minimal total grade-point average of 50% (45 per cent for SC/ST/PWD).Aspirants in the last year of graduation can apply if they have confirmation from the academic administrator.A CAT/GMAT cutoff score that is legitimate. An Overview of a Business Certification Business Certification courses are usually seen as alternatives to conventional degrees. A Business Certification frequently emphasises the development of specific abilities, whereas degrees offer a more comprehensive background in a subject or field. What distinguishes a Business Certification? Business Certification can usually be completed online and at your speed, and they generally take less time and expense than degree programmes. Make sure to research the institutions and universities you want to enrol in in advance because not all of them offer Business Certification courses. Also, remember that graduate certificates often present opportunities to build your professional portfolio, which can be helpful when networking or actively seeking employment because they are focused on specific talents. Additionally, you can use your graduate certifications to upskill, which entails discovering new skills in your industry that will enable you to advance in your career or take on a more significant role in your existing position. What specialisations does Business Certification provide? Business Certification courses have always had a strong business focus because they provide a quick and affordable option for professionals to develop their abilities in preparation for management or executive-level employment. Corporate app development, business info systems, or cybersecurity are typical examples of business certificates. Who can enrol for a PGCP in Management? Graduates from reputable institutions with at least a 50% grade point are eligible to enrol for a PGCP in Management. Minimum one year of relevant working experience from reputable firms. Advantages of an MBA degree Advanced learning source Students that enrol in an MBA programme gain a diversified range of expertise. MBA courses offer students the chance to acquire business abilities through a thorough curriculum encompassing operational business disciplines, including accounting, data analysis, finance, and marketing. Graduates of MBA programmes can simultaneously gain the management and leadership abilities necessary to direct decision-making for various organisational structures. In contrast, most business certification courses will only cover one subject. Although they don’t require the same level of dedication as an MBA degree, certificate programmes allow students to hone in on particular skill sets. All round development An effective online MBA programme stands out for its capacity to cover a wide range of business-related subject areas while also fostering the growth of soft skills like mentoring, communication, work ethic, and accountability. Any MBA course can teach you business fundamentals, but only the finest ones can encourage the informal contacts and global collaboration that breed innovative leaders. Networking at its best Online MBA courses not only provide the freedom to complete the degree while advancing in your career but gives the opportunity to interact in-depth with other business executives worldwide. In reality, the top online MBA schools aid students in developing lifelong professional relationships. Top MBA programme administrators and faculty do not merely upload recordings of their lectures to online platforms; they also design the courses based on real-world business skills. It ensures that online students benefit from the flexibility of the programme while maintaining academic rigour and networking possibilities. Greater employment prospects All tiers of businesses can benefit from the information gained via an MBA degree, and recruiters are aware of the advantages MBA holders can bring to their businesses. So, firms intend to hire MBA graduates for full-time positions. Business certification programmes are helpful, but the benefit depends on whether businesses seek the particular skill set that the course offers. The certificate programme’s compatibility with the rest of your educational and working experience is another consideration. Better prospective salary In the long run, an MBA can significantly boost your earning potential, but a business certificate might be less expensive. There would be some pay differences between an individual with an MBA vs an individual with a business certification as leadership positions are open to MBA degree holders as opposed to certificate holders. However, sometimes, for the same roles, MBA grads usually garner better salary packages than experts with a business certificate. Also read: Employers explain why MBA salary packages are so high Benefits of Business Management certification programmes Expense Business administration certificate programmes are less expensive than MBA degree programmes since they are not full-time programmes, and fewer sessions are needed to complete them. Expertise in a specialised subject An online business certificate programme can be ideal if you are currently recognised in your field and want to develop specialised abilities. A certification in business analytics, for instance, can address the knowledge gap if you are the team leader for a marketing department and wish to increase your skills in a field like analytics. An MBA programme, however, would be a better choice if you’re hoping to entirely change your career or move to a leadership role because it will give you a more well-rounded practical education and more opportunity to polish your leadership abilities. Time Dedication Business certifications can be obtained in months, but an MBA degree takes one to two years. A business certificate might give you a quick return on your investment when you are trying to upgrade your current talents Check out how online certification courses can boost your resume MBA or Business Management certification? Many considerations must be made to understand the contrast between an MBA degree with a Business Management certification. Business certification is preferable for people in developing fields or those wishing to perfect a particular set of talents. An MBA is frequently a better value for individuals looking to qualify for executive or managerial-level positions over a more extended period. One of the simplest ways to assist you in making a selection when you consider the advantages and disadvantages of these options further is by researching institutions and comparing courses. Discover the opportunities and launch your career with an MBA degree or business credential as per your suitability. You might need to pursue further education after a business certification to adjust to changes in the employment marketplace. On the other hand, MBA graduates are well-equipped with a depth of knowledge in business operations and leadership capabilities. The outcome has been that there is a relatively high employment rate for professionals with an MBA degree. Planning out the knowledge and experiences you hope to acquire may be helpful when you think about your next professional move. A certificate course in business management might be the quickest option to make the process more manageable if you need expertise in a single, focused field. However, an MBA programme would probably provide a superior long-term payback if you are hoping to network with other business professionals, develop practical leadership abilities, and acquire interdisciplinary industry experience. The following inquiries will assist you in choosing between an MBA and business certification: How much will my income increase if I get an MBA versus a certification?Will the skills I acquire be useful for my career?Would I be qualified for a promotion or a career change (if necessary or desired) with the new skills?How much can I invest from my budget to learn something new? These inquiries are all related to Return On Investment which should be your first concern. It implies that investing money in a course should pay off in the long run by providing you with additional opportunities, resources, and skills. Additionally, ROI on an MBA from a prestigious university may be higher than ROI on a certificate programme. Job opportunities for MBA graduates and business certification holders One of the most important factors to consider as you compare the benefits and drawbacks of an MBA against a business certification is the kind of employment you will have access to. Jobs with a business certification You will have a wide variety of employment opportunities to pick from based on the precise field or skill set you pursue. For instance, obtaining a certificate in advertising or designing can assist you in locating employment as a web designer, social media promotion manager, or analytics specialist. Your ability to work in accountancy or budgeting divisions may be enhanced by having a certificate in finance. Business certifications are typically insufficient for executive-level roles or careers that need leadership and teamwork, as these positions are more suitable for MBA grads. Jobs with an MBA degree Many careers require an MBA degree to provide competitive salaries and leadership opportunities. The in-demand MBA degree professions include: Investment bankerMarketing managerBusiness operations managerInformation technology (IT) managerProject manager Remember that the MBA is frequently seen as a route to potential managerial or executive roles. After receiving your MBA, you might be eligible to seek a position as a Chief Financial Officer (CFO) or CEO. Online Manipal is your first choice for an online MBA or Certification Online Manipal is the online platform offered by Manipal University Jaipur that allows students to complete courses online. Manipal University Jaipur is a NAAC A+ accredited institution that offers UGC-entitled MBA programmes in various specialisations. Online MBA programmes offered by Manipal University Jaipur through Online Manipal help you to advance in your chosen field with the guarantee of career advancement. Get ready to excel in a leadership role with the accredited online MBA programmes from Online Manipal. The online MBA programme allows you to hone skills and expertise in your chosen sector and build relationships with other like-minded individuals who are constantly working to advance their careers as future leaders. Professionals might opt to specialise in advanced electives and learn skills that are relevant to the market. This interactive curriculum focuses on studying at one’s speed while being supported by live online sessions, self-learning resources, and more. MUJ’s online MBA programme offers education in intriguing fields like marketing, finance, human resources, retail management, etc. Real-world case studies are part of the online MBA programme’s pedagogy, which will help you improve and strengthen your critical thinking abilities. The outstanding faculty at Manipal University Jaipur will provide participants with high-quality mentoring that increases the value of real-world perspectives and enables them to forge new pathways to success. The professors at Manipal University Jaipur will assist students in developing rigorous professional self-expression in a fast-paced business environment. Students are prepared for interviews after completing the online MBA programme from Online Manipal through various placement assistance facilities. A broad range of placement assistance activities is provided, such as resume writing workshops and interview tips to help you land your dream job. Manipal University Jaipur also organises job fairs during the final year of the postgraduate programme, and many reputable companies participate in it to recruit suitable candidates. The TAPMI’s Postgraduate Certificate Programme in Management seeks to provide multidisciplinary and multi-sectoral business education in an applied context. This programme’s integrated learning approach and coverage of current management challenges, opportunities, and practices will help learners advance quickly in their management careers and leadership roles. Three specialisations focused on the industry are available to learners: Capital MarketsMarketing Business Analytics and AI These certificates assist individuals in gaining the necessary insights to make wise managerial decisions without leaving their professions. Governments, corporations, and higher educational institutions frequently accept TAPMI’s online certificates and degrees for employment, further study, and career opportunities. Conclusion The process of learning and gaining knowledge never ends. Individuals should be aware of some of the most recent and cutting-edge developments as technology is rapidly evolving. Getting an MBA degree or a business certification will prepare you to face challenges in climbing up the corporate ladder confidently. Both MBA and business certification aid in improving your career prospects. They help you hone your knowledge and skills and gain in-depth understanding of theoretical and practical concepts that help you thrive in your chosen domain of work. While an MBA is a good option for those who want to pursue a postgraduate degree and can allot two years of time for that, a business certification is right for someone who wants to climb up the ladder in their existing domain by enhancing their existing subject knowledge and skill set. Also, a business certification can be completed in less time compared to an MBA. So, it all narrows down to your individual requirements and preferences like your future goals, time constraint, budget, etc., that help you decide which is a better option for you.
All you need to know about Cloud Computing? Posted on August 21, 2022November 16, 2022 by Online Manipal Editorial Team Key takeaways: Cloud computing is a compilation of various internet services available at your fingertips. The advantages of cloud computing may overlap with its downsides, as every customer is entitled to their own experiences. The main two to blend are security and cost. It is extremely simple to use, now available even on smartphones to supply connections everywhere and at all times. No specific qualification is mandatory for a company to adapt to cloud computing. Any organisation or individual user can take it upon themselves to make this technological leap. What is Cloud Computing? Cloud Computing, to put it in simple words, is a collection of online services offered on the internet or the cloud. It essentially implies the replacement of local hard drives and personal data centres with remote servers for the purpose of storing, processing, managing and accessing data. It provides quicker innovation, more flexible delivery of resources, as well as scale economics. Usually, payment is only asked for your choice of services, which ultimately will reduce your operating expenses, assure the effective flow of your infrastructure and optimise as and when your business needs to modify. In this article, we shall discuss what is cloud architecture, what is cloud computing with examples, cloud applications examples, advantages of cloud computing, and much more. Types of cloud computing are explained below – Public cloudPrivate cloudHybrid cloudMulti-cloudThese are operated by third-party cloud providers. Services are delivered over the public internet. A single individual or business firm makes use of resources and storage. Users access private cloud services via a private internet which others in public servers cannot. It combines both private and public services. Organisations enjoy the freedom of choosing elements of the two types.Under multi-clouds, businesses prefer to use numerous third-party cloud providers in order to strengthen their cybersecurity systems. A brief history of cloud computing It was in the 1960s that the very first concept of time-sharing was well known, mostly with regard to one the largest vendors like IBM and DEC. Cloud as a term was used as a reference to distributed computing platforms in 1993 at the time of Apple’s spin-off General Magi along with AT&T applied it to describe their Telescript and PersonaLink technologies. In December 2019, Amazon declared AWS Outposts—a completely managed service extending AWS infrastructure and services, APIs, and tools for consistently authentic hybrid experiences. How does cloud computing work? The majority of today’s most sparkling names on the internet (example: Google, Microsoft, Amazon) are growing with the times by extending their services to both enterprises and consumers, aiming to make maximum use of the gravitating potential and flexibility it has to offer. The process of Cloud Computing is a rather simple one. It is programmed to start when computer-associated processes and calculations occur remotely. Listed below is a step-by-step information guide – Customers sign up/register to cloud services The user accesses them online through either of the two specialised computer programmes or in-web browsers Extensive and resourceful remote servers look after heavy lifting and number crunching Benefits of cloud computing A number of advantages of cloud computing can be enjoyed. Some of them are as follows- Performance As Cloud providers invest without holding back in the latest, best, and speedy hardware at hand, they can serve customers with constant upgrades in the system while offering maintenance when and where needed. To keep up to their high-performance status, they ensure that the least span of downtime is witnessed while offering the fastest access to all. Reliability A vast network of server farms enables the providers to bear a resilient presence all the time, despite the circumstance in which one server may fail. Server farms guarantee efficient load balancing and accurate scalability. Loss control and data recovery The backup system is so reassuring that with numerous replicated copies saved of any given file at many varying locations, it gives complete security against loss of data and damage. Usability Minimised setup is demanded from the users as the providers take care of managing their systems. With their mastermind teams of well-trained staff to handle technical glitches, customers can comfortably focus on their business without being bugged by complex support problems. Automated Updates On top of high-priority activities in your business, fretting over software updates only wastes time. With Cloud Computing, application updates are set to update and refresh automatically. Not only do you save up time, but external IT consultant expenses are also prevented. Automated updating privilege rids the users of any inputs and thus, warrants that they have access to the newest and quickest version. Insight Cloud-based storage features provide integrated cloud analytics with a microscopic focus. With it, you can easily trace and locate any misplaced information. Additionally, customised reports can be created for analysing the information across the organisation. You will no longer have to sift through mass data to find what you’re looking for. Disadvantages of cloud computing Similar to any other IT-based setup, it’s natural for the cloud to experience technical fallouts, such as – RebootsOutage of networkDowntimeGaps in security measures (example: Code Space shut down because of deleted database) Vulnerable to cyber attacksLimited controlData issues arising at the time of vendor lock-inExpense concerns What is cloud architecture? The combination of SOA (Service Oriented Architecture) and EDA (Event Driven Architecture) makes up the architecture of the cloud computing system. Components of cloud architecture are – Client Infrastructure ApplicationService Runtime cloudStorageManagementSecurity The cloud architecture is categorised as follows- FrontendBackendA component of Front-end is client infrastructure, that is consisting of user interface and applications a client utilises to successfully access the cloud computing servicesIt handles the sources along with managing them and offering security toolsClient side of the systemService provider side of the systemIncludes application, service, runtime cloud, storage, infrastructure, management, security, internet. Uses of cloud computing Usage of cloud computing can range from technical use to commercial use. Go through this list to learn more in-depth – Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS)Hybrid cloud Multi-CloudTestDevelopment Vast data Complex analyticsFile storageBackup data and archiving feature Communication File sharingData recovery Others like banking, email, services, media, streaming and e-commerce Who uses cloud computing? Organisations of any and every kind in terms of type, size, and not limited to industry type. Cloud computing users include Pinterest, Amazon, Spotify, Netflix, and Expedia, among others. How can I launch a career in cloud computing? Here’s a step-by-step guide to becoming a cloud professional – Graduate with a bachelor’s degreeStudy coding and programming languages Get applicable experience and certificates Make a resumeApply for cloud engineering positions Work on your hard skills and soft skills Where can I earn a cloud computing certificate? You can earn all the required cloud computing skills by enrolling in PGCP in Cloud Computing course at Online Manipal. Offered by Manipal Academy of Higher Education (MAHE), this six-month comprehensive programme covers all the components of cloud computing that enables you to become an in-demand cloud professional. ALSO READ: Cloud computing course details Benefits of learning cloud computing courses online Winding up If you are looking forward to pursuing an online PGCP in cloud computing, Online Manipal may be the right match for you. With an impressive variety of courses created by Manipal Academy of Higher Education (MAHE) along with seasonal resources to prepare you for your future cloud computing career.
Supply chain course details Posted on August 20, 2022February 7, 2023 by Online Manipal Editorial Team Supply Chain Management (SCM) is the management of the transportation of goods, data, and finances associated with a product or service – from raw material purchase to final product delivery. Supply Chain Management (SCM) covers all of the actions required to get the appropriate product into the hands of the right consumer in the right quantity and at the right time. The main areas of concentration for SCM are planning and forecasting, purchasing, product assembly, transportation, storage, distribution, sales, and customer service. Supply chain courses are intended for graduates and professionals who want to stand out and establish a name for themselves in this field. The curriculum strongly focuses on an effective supply chain’s theoretical and practical operation. Its goal is to develop qualified and self-driven individuals who can meet the difficulties of this dynamic field and help the business improve its operational efficiencies. Why should you do a supply chain course? If you are wondering, is supply chain management a good career? Then there are a few reasons that You must know before applying for a supply chain management course: High demand The course is in high demand because modern SCM systems are digitally based and incorporate material handling and software for all parties engaged in the creation of goods and services, order fulfilment, and information tracking, including suppliers, manufacturers, wholesalers, carriers, and retailers. Additionally, The current global business environment is characterised by intense competition and intelligent customers who need quick and inventive solutions. Success hinges on an understanding of and ability to optimise company processes, which explains why supply chain specialists are in high demand. Wide scope Professionals in supply chain management work in a wide range of enterprises, including manufacturers, merchants, transportation companies, third-party logistics firms, government agencies, and service corporations. Companies from various industries and sectors of the economy hire graduates of SCM. One could work in a variety of fields as a supply chain professional, including purchasing, logistics, new product development, international sourcing and procurement, quality management, inventory control or traffic analysis, operations, and supplier relationship management. Supply chain course – an overview What exactly are supply chain management and logistics? Students who complete Supply Chain courses will be highly qualified, knowledgeable, ethical, and responsible logisticians and Supply Chain Management specialists. In a logistics and supply chain management course, the forward and backward flow of services and goods from one location to another is managed, planned, and coordinated. It assists the learner in gaining a thorough understanding of how products and services are moved throughout a business in a chain style. Managers, logistic coordinators, business managers, and commercial managers are some of the jobs that the student may be placed in. Find the logistics and supply chain management course details – Courses Duration Eligibility BBA in supply chain management 3 years10+2 PGCP in supply chain management 12 monthsGraduate with minimum 50% from recognised universityMBA in supply chain management 2 years Graduate with minimum 50% from recognised universityCertificate courses in supply chain management 3/6/11 months 10+2 or Graduation Career options and salary Career optionsAverage salary (INR)Purchasing Manager 7 LPALogistic manager 6.8 LPASupply chain manager 13.6 LPAProcurement manager 12 LPASource: AmbitionBox READ MORE: Job opportunities for an supply chain management graduate Different courses in supply chain management Following are the varied courses in SCM – PGCP in Logistics & Supply Chain Management This postgraduate certificate programme in logistics and supply chain management aims to provide you with the abilities you’ll need in this dynamic field. The curriculum helps you excel in your job by giving a theoretical and practical grasp of supply chain operations. The programme lasts 12 months and is broken up into two semesters, each lasting six months. BBA in Supply Chain Management BBA in Supply Chain Management is a three-year full-time undergraduate course that requires a Senior Secondary Certificate (10+2) qualification with a minimum aggregate score of 50% from a recognised educational Board in any stream. The programme lasts three years and is broken up into six semesters, each lasting six months. Supply chain management certification programme It is a certification programme. The candidates can pursue this programme in either a regular mode or a weekend programme with a 3, 5, or 11-month duration. Candidates receive introductory training to help them understand supply chain management fundamentals. It is ideal for students looking for short-term supply chain management courses. Eligibility for supply chain course Following are the eligibility criteria for PGCP in Logistics & Supply Chain programme at Online Manipal – Graduates with at least 50% of the required marks or an equivalent grade in any discipline from accredited universities or institutions Holders of an equivalent certificate recognised by the Association of Indian Universities (AIU) Working experience is desirable Programme fee Program fee differs from institution to institution. The course Fee structure of PGCP at Online Manipal is INR 90,000 all-inclusive, INR 45,000 each semester, along with a non-refundable application fee of 1500 INR. Supply chain course subjects Supply chain management subjects that are mostly covered by various institutions are: Fundamentals of logistics management This subject provides an overview of the key processes, concepts, and methodologies of supply chain management. It emphasises the study of the impact that the supply chain management framework has on business and the economy. Supply chain management This subject provides an overview of Supply chain management or SCM, which is the process of directing how goods and services go from the production of an idea and raw materials to the final consumer product. Operations management Operations management is the study of producing goods and services effectively in order to meet the demands of certain consumer groups. The subject covers analytical reasoning, problem resolution, and continuous improvement. This subject gives an overview of managing operations in today’s changing business and industry environments. Supply chain course – semester-wise syllabus First semester Second semester Managing People and OrganisationQuality Management in Logistics and Supply ChainData Analysis for ManagersCapstone ProjectSupply Chain ManagementElective-1Fundamentals of Logistics ManagementElective-2Operations ManagementElective-3 Followings are the elective subjects from which you can choose – Transportation System Procurement & Purchasing EXIM Management Managing Business Process Flows Logistics and Distribution Management Project Management Key skills covered in a supply chain course By the end of the course, you will develop a full knowledge and the technical and soft skills required to enhance your career as a supply chain manager. Here are a few mentioned skills & qualities that you will acquire by the end of the course: Industrial knowledge Supply chain management professionals learn about the industrial sector. During the course, they study the latest innovations in order to stay current on new technologies, trends, and logistical tasks. You can boost your productivity and expand your work options in logistics by learning as much as you can about the industry. Interpersonal skills Teamwork is a crucial component of every supply chain management system, as each position in these processes complements the others. The course will help you develop Interpersonal qualities such as patience, empathy, and active listening. Additionally, it will help you effectively convey your ideas to superiors and create teamwork among your colleagues. Analytical skill Unexpected changes in logistics operations occur daily. Getting skilled in supply chain logistics can help people understand how to evaluate them, establish resolutions, and promptly apply them. Moreover, people in the logistics industry utilise analytical abilities to plan shipments, manage inventory, and respond to customer complaints. They frequently draw on their experiences to create new plans of action that will help them avoid similar problems in the future. Tech-friendly As a supply chain manager, you must know the instruments that help streamline and optimise the processes. Therefore, supply chain management courses help you understand software like warehouse management and enterprise resource planning (ERP) systems. Supply chain management requires you to be familiar with enterprise software programmes like TMS, WMS, and ERP. They also develop an understanding of how to use business intelligence software. Improved decision-making The job of a supply chain manager includes overseeing the mechanism of the flow of goods. As a result, there are a lot of decisions that are made by a supply chain manager in day-to-day activities. They also develop the ability to improve plans and layout whenever they spot any complications in the flow of goods. ALSO READ: Supply Chain Management and Operations Management go hand in hand Jobs roles and salaries in supply chain management If you want clarity on what jobs in supply chain management, we have covered a list of job positions that you could be hired for! Purchasing manager The role of a Purchasing manager is to monitor the purchasing officers and other parties involved in the acquisition of various materials, goods, and services. Additionally, the job includes planning and guiding the actions of the buyers. They frequently represent businesses during contract negotiations and policy development with various vendors. The average annual salary of a purchasing manager starts from Rs. 3L – 4L annually. Logistic manager Logistics managers organise and supervise an organisation’s purchasing, warehousing, distribution, forecasting, customer service, and planning operations in the supply chain process. They oversee the people, equipment, and procedures involved in an organisation’s everyday logistical operations. In order to maximise production and efficiency, you work with other departments as a logistics manager to connect logistics with corporate systems or processes. The average annual salary of a purchasing manager starts from Rs. 2L – 3L annually. Supply chain managers Supply chain managers manage costs and enhance accuracy while delivering customer service and security by directing and coordinating the supply chain processes. Moreover, they oversee projects and quotas to track changes and their effects on current supply chain management.The average annual salary of a purchasing manager starts from Rs. 6L – 7L annually. Procurement manager The procurement manager is responsible for sourcing items and services for a company. They develop a purchasing plan that considers the firm budget and required goods, after which they search for suitable vendors. The average annual salary of a purchasing manager starts from Rs. 4.5L – 12L annually. Therefore, there are ample job roles that you can take after the completion of this course. Let us look at the top recruiters hiring people from a supply chain management course. Top recruiters Top recruiters in Supply chain management courses are: Accenture Flipkart Capgemini Unilever Tata consultancy service Wipro Amazon Larsen & Toubro Can I pursue a supply chain course online? Yes, you can pursue a course in supply chain management through various online education platforms. For the best PGDCP in logistics and supply management, you can choose supply chain management graduate programmes online from Manipal Academy of Higher Education (MAHE) with Online Manipal. It offers a post-graduation in logistic and supply management, and the course is fully online, and it is a 12-month program. It also provides subject learning on supply management along with practical knowledge. Become a supply chain professional with Online Manipal With a plethora of course providers available in the market, it can be overwhelming to identify the one that best suits your requirements. Besides, it is also critical to go with a reputed institute in order to ensure that your certificate holds value across geographies. Manipal Academy of Higher Education (MAHE) provides top-notch instruction in a variety of fields. One of India’s top academic and research institutions and a university with a NAAC A++ rating, MAHE is a trusted choice for the youth to start their careers. Online Manipal with MAHE, offers the best supply chain management certification programmes, i.e. PGCP in Logistics & Supply Chain Management, with the world’s leading technology-aided teaching through online platforms. It covers a curriculum of supply chain management that utilises projects and modules that are industry-focused to get practical insights. Additionally, it provides you with a platform to interact with mentors and teachers to grasp the opportunities and problems unique to your sector. It is one of the best logistics and supply chain management courses in India. You can attend lectures and discussions that are live or recorded according to your schedule. Access study materials on a cutting-edge digital platform that you can use on your phone, laptop, or desktop, even if your internet connection has low bandwidth. Eligibility In order to be eligible for the course, the candidate requires 50% of marks secured through any recognised university by the Association of Indian Universities Fee structure The fee structure or supply chain management course at online Manipal is INR 45,000 each semester. Total fee: INR 45,000 x 2 Semesters = INR 90,000 (total) The application fee for the course is INR1,500 (Non-refundable) Bottom line There has been a drastic increase in demand for supply change management as a career. To sum up, supply chain managers can be hired in a variety of industries. There are so many types of courses for supply chain management, and there are a lot of institutions offering this course. Moreover, according to the reports, this job position will witness approximately 4.8% growth, so this is the right career choice. Therefore, the chances of growth and job prospects are high to build your career as a supply chain manager. Additionally, there are so many job roles and areas for a person to pursue his area of interest after having a degree in supply chain management. Online Manipal offers one of the best supply chain management courses to pursue your career in Supply chain management. It is the right choice as it provides an online interactive platform with a curriculum that makes you skilled to compete worldwide in this field. Key takeaways: Supply chain management entails streamlining the flow of goods and services. It covers the management of products from raw material to final delivery. The supply chain course is currently high in demand and has wide scope. There are a lot of courses and institutions that you can choose for completion of the course.
Cloud computing course details Posted on August 19, 2022September 25, 2023 by Online Manipal Editorial Team Key takeaways: Due to the ongoing need for services and updates concerning technology and computer networking systems, demand for employees in the cloud computing industry has grown over time. Courses in cloud computing are available in various configurations and at different levels. The requirements for admission change depending on the course type, including certificates, diplomas, PG diplomas, electives or specialisations in various bachelor’s and master’s degree programmes. Learn the skills you need to develop a lucrative career as a cloud computing administrator with top recruiters globally with online cloud computing courses. The management of data in different industries has undergone a major revolution because of cloud computing. Cloud computing is the practice of processing and storing data on an internet server focusing on computer science and engineering. Also, this technology has been used to access computing resources such as servers, data storage, application tools, networking capabilities, and other resources. Renting and subscribing to pay-as-you-go services have largely replaced the requirement to virtually download and own every piece of software and technology as the internet has developed, significantly increasing the cloud computing salary in India. It is used by businesses of all sizes to cut maintenance costs and maximise resources. Businesses may meet their hardware, software, and infrastructure needs with the assistance of cloud computing. But, what is a cloud computing course? The course will guide you through every stage of developing and deploying your apps to cloud foundry, enabling you to become familiar with everything you need to build your apps from scratch. By becoming familiar with the principles of one of the most well-known PaaS web services available, you can enhance or improve your skills in cloud development. Cloud computing services demand will continue to grow increasingly popular due to the evolving business model, which calls for organisations to collaborate to become integrators of the best-of-breed services. If you are interested in pursuing this as a career, cloud computing course details have been discussed below. Significance of cloud computing By more easily supplying world-class, scalable technological infrastructure and capabilities, cloud computing has significantly changed the technology landscape for small and medium-sized enterprises (SMBs). This is a paradigm change where even the smallest businesses may access cutting-edge software and computing capabilities on a pay-per-use basis. Cloud computing has made technologies, hardware or software—that were previously only accessible to huge corporations easily accessible to small firms. Some of the advantages of cloud computing are – Cost Savings A company can share the cost of their computing infrastructure owing to cloud deployments. It can be substantially less expensive to share servers, network infrastructure, and CSP services than to deploy the same capabilities in an on-premises data centre. By using the cloud, you’ll be able to start initiatives more rapidly and affordably, owing to easy access to your company’s data Security Cloud Computing is the fundamental key to improved security (Encryption of data) stored in databases and transmitted over networks. Information is made less vulnerable to hackers and other individuals who are not authorised to read your data by employing encryption. With most cloud-based services, various security settings can be adjusted based on the user as additional security protection. Flexibility Businesses have more flexibility when using the cloud than hosting on a local server. Moreover, a cloud-based solution may rapidly match your demand for additional bandwidth rather than requiring a complicated (and costly) update to your IT infrastructure. The overall effectiveness of your organisation may significantly improve thanks to this increased freedom and flexibility. Sustainability Multiple businesses share cloud-based infrastructure, and these organisations are driven to operate it as efficiently as possible. Compared to a potential underutilised or inefficient onsite data centre, cloud infrastructures support the environment, which makes this option far more environmentally friendly. Increased collaborations If your company has two or more employees, they may see and exchange information quickly and securely. You should give collaboration top attention as cloud-based data storage can increase data accessibility within a business. These capabilities make it possible for partners and workers to collaborate more quickly and readily. However, collaboration may be possible without a cloud computing solution, but it will never be as easy or effective. Application of cloud computing Although millions of people use many desktop and smartphone programmes every day that incorporate cloud computing, this technology is sometimes difficult for beginners and non-techies to understand. Here are five real-world uses for cloud computing to help you grasp the idea – Educational institution The advantages of cloud computing, such as the capacity to handle billing, access data from anywhere, or store a large volume of information with lower costs, have also been quickly acknowledged by educational institutions. Cloud computing is also beneficial to education because students now have access to resources, websites, and communities that share knowledge in the cloud, enabling them to advance their learning and development. Online streaming entertainment The cloud has transformed the way that entertainment is supplied to us. Netflix allows us to watch any show we want on demand, while music streaming services like Apple Play let us listen to any song we desire. These all use the cloud to bridge the gap between the users and the content. Chatbots Using sophisticated algorithms, you can utilise cloud computing job roles to build interactive chatbots. It is a low-cost technology that enables organisations to modernise online assistance services and sales funnels, making them more automated and simple. E-government software The government can save money by using cloud computing to manage, install, and upgrade apps more efficiently while providing public services. Development and testing Cloud computing offers the most practical way to design, test, and deploy using IT resources at the least expense. Because it offers scalable and adaptable cloud services for product creation, testing, and deployment, businesses value it more. Cloud computing courses All the cloud computing courses details, such as cloud computing course duration and fee, eligibility criteria, average cloud computing salary in India, etc., have been discussed below – Cloud Computing course details Courses under cloud computing Certificate Courses/Undergraduate Degree/Post-graduate/Certificate Courses Duration Few months/ 3-4 years/ 2 yearsEligibility criteria 12th class/ Graduation/ Post-graduationCourse feeINR 1.64 Lakhs – INR 8.44 LakhsCareer options Cloud ArchitectCloud Service DeveloperInformation Technology ArchitectCloud Network EngineerCloud marketingAutomation EngineerAverage salary 10 Lakhs per annumMajor employers (Recruiters) Amazon Hanu Software SolutionsTata Consultancy ServicesWiproIBMMicrosoft Azure Eligibility for cloud computing courses Candidates for cloud computing must have prior technical education or the intent to do so. Each institute has a separate set of requirements for applicants to its programme in cloud computing. The selection of students is heavily influenced by prior recognition and grades. Each institute has its own set of requirements for eligibility, but most have embraced a common framework. The following qualifies a student for the course on cloud computing – Diploma Candidates must have received a 50% or above on the 12th-grade exam. 12th-grade certificate required, with science and maths as the primary subjects. Depending on the university, the admissions procedure is either exam-based or based on merit. Undergraduate degree Candidates must have received an overall Bachelor’s degree grade of between 55% and 60%. A Bachelor of Science degree in computer science or a related field is required. Depending on the institution or college, the admissions procedure is either exam- or merit-based. Postgraduate degree Candidates must have secured a B.Sc. degree from a recognised institution. Candidates must receive overall grades of between 55 and 60 per cent in their UG course. Depending on the university being referred to, entrance is contingent upon the results or merit list of the admission examinations. Programme fee Cloud computing course fees may vary from Rs. to 3,000 or as much as Rs. 5,000. Details regarding the cloud computing course duration and fee are provided in the table below. Programme NameCloud Computing course durationCloud computing courses feesCertificate Course Few hours – 8 monthsINR 1,000 – 2,00,000DiplomaFew months -12 monthsINR 50,000 – 3,00,000Undergraduate Course 3 – 4 yearsINR 1,00,000 – 6,00,000Postgraduate Course2 years INR 1,00,000 – 5,00,000 Leading cloud computing institutions Many universities across the nation provide cutting-edge Cloud Computing courses that cover all key concepts in this field. Graduates from these institutions have the chance to land jobs with domestic and foreign companies. Here are the top universities that offer courses in cloud computing: College nameCloud Computing course durationCloud Computing course feeCloud Computing Course Operation Cities Manipal Academy of Higher Education 15-20 hours per week₹ 1,50,000Online NIT Trichy2 years₹ 1,11,000Tiruchirappalli, Tamil NaduSRM University Chennai2 years₹ 1,000,000 Chennai Cloud computing course syllabus The offered course subjects will differ from university to university based on their variants of courses. There are three main models {Infrastructure as a Service (IaaS), Application as a Service (PaaS), and Software as a Service (SaaS)} that the cloud computing courses syllabus is based on. Virtualisation concepts Cloud fundamentals Private cloud environment Public cloud environment Auto-provisioning Cloud as PaaS, SaaS Cloud computing securitisation Ethics and standards of cloud Key skills you will learn from a cloud computing course Enrolling yourself in a top institution will help you learn these skills, which increase your chances of landing a job for yourself in specific domains. Let us learn about the domains in detail. Cloud load balancing Cloud load balancing is the process of carefully balancing network traffic accessing those resources while dispersing workloads among computer resources in a cloud computing environment. Mobile cloud computing Mobile cloud computing technology combines cloud computing and mobile computing over a wireless network. Using this innovative technique, high-quality programmes may be delivered and run on mobile devices regardless of their operating system, storage capabilities, or computing needs. Big data It is a group of organised, semi-structured, and unstructured data that has been gathered by organisations and utilised for information mining in machine learning initiatives, predictive modelling, and other advanced analytics applications. DevOps The ability of an organisation to provide applications and services quickly is improved by the integration of cultural concepts, practices, and tools. Cloud cryptography The encryption employed to safeguard data kept in the cloud is known as cloud cryptography. Cloud cryptography is being used in several ways to add a robust layer of security to secure data and keep it from being penetrated, hacked, or impacted by malware. Now, these skills under cloud computing are required by many big corporations. So, how to learn cloud computing? To learn, enrol yourself with online cloud computing courses! Jobs roles and salary in cloud computing Cloud computing job roles and average cloud computing salary in India have been discussed in the table below. Job rolesResponsibilitiesCloud Computing salary range in India (per annum)Cloud EngineerTask planning, technical testing, design, and upkeep are all technical duties.INR 3 Lakhs to INR 12 Lakhs Cloud Security ProviderCreate tools for underlying cloud services that are customer-facing. preserving and watching the cloud Creating workflows, procedures, and document integration strategies.INR 4 Lakhs to INR 11 LakhsCloud Service DeveloperConduct technical research, assess business needs, and monitor the effective use of cloud computing services.INR 2.5 Lakhs to INR 24.5 LakhsConsultantCreate and put into practice cloud-based initiatives, Realise business objectives while ensuring system security and reliabilityINR 4.8 Lakhs to INR 25 Lakhs Cloud ArchitectManage every facet of cloud security, evaluate security management software, safeguard cloud data, and determine risk.INR 8.5 Lakhs to INR 39.3 Lakhs Automation EngineerTo carry out software delivery procedures, Scripting and coding support for management Install automation testing procedures and then track the outcomes.INR 4 Lakhs to INR 33 LakhsSource: AmbitionBox Career progression in cloud computing The employment prospects offered by cloud computing range from administrative positions to those geared toward advancement. Here are a few of the top jobs in cloud computing right now. System engineer System engineers develop and build innovative cloud-based solutions to satisfy certain business needs. They also administer, install, test, configure, and maintain operating systems and applications to guarantee the maximum level of operation. In essence, this makes it easier to manage cloud infrastructure as efficiently as possible. Software engineer The development of software based on cloud service architecture and its supporting systems is a speciality of cloud software engineers. Database administrator Database development, deployment, configuration, general database management, including updates and troubleshooting, database migration and protection, and developer support, have historically been under the purview of cloud database managers. Security administrator Protection is crucial because cloud-based systems store enormous volumes of data. Roles typically involve creating and enforcing security measures internally and in cooperation with cloud service providers and monitoring networks for potential threats. Top recruiters Individuals’ talents, knowledge, experience, and level of expertise in the subject of cloud computing may affect the top recruiters mentioned below – Top Recruiters Amazon Hanu Software SolutionsTata Consultancy ServicesWiproIBMMicrosoft Azure Upcoming trends in cloud computing Businesses in India and overseas need IT expertise to help them work around the clouds. Due to the increasing demand for workers’ skills in this industry, many students receive employment offers in India and overseas by completing their master’s degrees. The technology currently rules the discussion wasn’t even around ten years ago. That’s why it makes sense to be optimistic about the future. Every year, new trends appear. Therefore it’s critical to stay current with them. But the shifting environment is anticipated to be driven by cloud computing. It is exceedingly improbable that our reliance on the cloud can be removed. Experts have concluded that the future is software-based on Cloud Computed Games and Cloud-based renderings. Can I learn cloud computing online? Yes, you can learn cloud computing online. Manipal Academy of Higher Education (MAHE) offers six-year PGCP in Cloud Computing through Online Manipal. It will benefit your career growth and equip you with industry-relevant knowledge. Why is learning cloud computing online a must? Here’s why it is important to learn cloud computing online – Job safety Since the cloud computing market is young, fast increasing, and has an endless lifespan, and since the IT industry is particularly sensitive to even minor changes in business or trends, having a certification in cloud computing increases the security and stability of your career. High demand Many international organisations have established certification requirements for cloud computing aspirants before applying for jobs. It has been observed that Amazon Web Services and Microsoft Azure have grown significantly in recent years, and their top clients report that finding the ideal cloud computing professional has been very difficult. So getting a cloud computing certification is a must-have before the interview. Futuristic approach Everyone wants to shift their firm to cloud technology since it will be the most in-demand technology in the future. Every company wants to undergo digital transformation in the current digital era because doing things the old way was time-consuming, uneconomical, and exhausting. However, doing things the new way will allow you to access any information from anywhere with the highest level of security in a shorter amount of time. Interview selection An online cloud computing course certificate will make an individual eligible for interviews, as many multinational companies accept it. Certification exams and training are especially created to provide practical insights, which are important from the perspective of interviews. ALSO READ: Benefits of learning cloud computing courses online Frequently Asked Questions (FAQs) Can I take classes in cloud computing online? Yes, there are many online courses accessible in cloud computing. Several providers provide online certificate and diploma programmes. What is the cloud computing duration? It can last for several hours to a few weeks, depending on your selected cloud computing course. While the diploma programmes last a few months, the bachelor’s and master’s programmes last four and two years, respectively. What will be my average cloud computing salary once I have completed the Cloud Computing course? The average salary for cloud computing courses is INR 7 Lakhs. Cloud support engineers make an average of INR 7.37 Lakhs, while cloud architects make an average of INR 16.46 Lakhs per annum. Is it beneficial to take a course on cloud computing? Unquestionably, cloud computing training is valuable. Professionals with experience in cloud computing are in more demand. What is the salary of a cloud security engineer? A Cloud Security Engineer in India might make around INR 12 Lakhs a year. And, the average salary for the same will be in the UK (£72,212 PA) and the USA ($131,409 PA) is way higher. Conclusion PGCP in Cloud Computing will prepare you to implement its numerous services and understand its key concepts. To address any issues with corporate infrastructure, you will have a thorough grasp of cloud hosting service providers and their design, deployment, services, and more. Learn more about cloud computing to stand out in the IT sector and become certified to land one of the best jobs in India.
Types of data analysts Posted on August 19, 2022August 7, 2023 by Online Manipal Editorial Team Key takeaways: Data analysts can be classified into quantitative, qualitative and business intelligence. The quantitative type of data analysis focuses on collecting data and analysing it using mathematics, statistics and other quantitative methods. The qualitative data analyst focuses on collecting and analysing data using qualitative methods such as interviews and surveys. The business intelligence type of data analyst focuses on collecting, analysing and reporting information to aid decision-making by executives within companies or organisations. Data analytics is a hot topic in the modern industry, and it is gaining more importance with time. To keep your business ahead of the curve and make sure you are making the right moves, you need to have data analysts on your team. Data analysts are often tasked with many different responsibilities. They work to analyse large amounts of data and turn it into actionable insights for their companies. Each type of analyst has its responsibilities, skills, and personality traits that make them unique. There are two main types of data analysts: business intelligence analysts and predictive analysts. Business intelligence analysts focus on gathering data from multiple sources and putting it together to better understand how specific processes are performing within an organisation or company. Predictive analytics focuses on concluding historical data trends so businesses can predict future outcomes based on what has happened before. Different types of data analysts and what they do Type of data analystsWhat they doQuantitative analystThey use tools like Excel, Python, and R to analyse large datasets and find patterns within them.Market research analystThey work with quantitative analysts to help businesses understand the market they operate in.Business analystThey focus on using data as part of their job duties, but they are not necessarily focused on finding trends or interpreting data in any specific way.Business intelligence analystThey work specifically with large datasets that are provided by companies—often through partnerships between them and third-party analytics firms.IT systems analystThey use data to help create and maintain computer systems.Operations research analystThey use data to make decisions about operations, such as if a company should open or close a branch location.Medical and healthcare analystThey use data to analyse medical outcomes and improve patient care.Intelligence analystThey use data to analyse trends that could affect national security, like terrorist activity or the spread of disease. Quantitative analysts Quantitative analysts use mathematical models, statistical methods and computer programmes to analyse data. They may work in various industries such as finance, healthcare and telecommunications. The type of data they study depends on the industry they work in. For example, a financial analyst may analyse stock prices while an insurance analyst might look at claims data. Business analyst A business analyst researches to find out how a company’s operations could be improved or if there are any problems in its operations. Business analysts collect data from various sources, such as interviews with employees and customers, surveys, market research reports and internal records. They then analyse this information and present it to management so they can make informed decisions on improving the company’s processes or implementing new policies. Market research analyst Market research analysts gather information about consumers’ buying habits, preferences and behaviours through surveys or focus groups so companies can develop marketing strategies that appeal to their target audience. Market research can also be conducted online by monitoring social media activity around specific topics or brands. Hence, businesses know what their target customers are talking about online and offline. Business intelligence analysts Business intelligence analysts study the company’s data, including customer and employee information and financial records. They use this information to identify trends and make recommendations for improving business operations. Business intelligence analysts may also be responsible for creating reports or presentations that summarise these findings. For example, if they find that sales are declining in one region of the country, they might make an animated map showing how sales have changed over time so that executives can easily see what’s happening with their business. IT systems analysts IT systems analysts work with IT professionals to ensure that computers and software are working correctly. They perform maintenance on existing systems and install new software and hardware when necessary. This role requires a high level of technical knowledge because most businesses rely heavily on technology for operations. Therefore, IT systems analysts need to understand how different systems work together so they can make changes quickly when problems occur. Operations research analyst Operations research analysts (ORA) use mathematical models and statistical methods to find solutions to problems within businesses or organisations. An ORA might work in marketing by determining which marketing campaigns will most effectively bring in new customers. They might work in finance by finding ways to reduce costs without compromising the quality of service or products. Medical and healthcare analysts Medical and health care analysts are responsible for analysing medical data to help doctors and other healthcare professionals make informed decisions about patient care. They may be responsible for reviewing data from clinical trials, monitoring the outcomes of a drug or treatment, or reviewing the results of a clinical trial to determine whether it met its goals. Intelligence analyst Intelligence analysts analyse intelligence data to assess potential threats, determine whether there is evidence that an attack has occurred or is about to happen, or determine whether there are any indications that an attack will appear soon. They may also use their expertise in statistics and mathematics to develop new methods for gathering information about specific threats or potential attacks. What does a data analyst do? Data analysts are responsible for analysing data, making sense of it, and presenting it clearly. Following are the six most important responsibilities of a data analyst – Create actionable insights and ensure that data is collected, stored, and analysed in an easy way. A data analyst is responsible for creating actionable insights and ensuring that data is collected, stored and analysed in a way that makes it easy for non-technical users to access. The first step in this process is collecting data from multiple sources. Data analysts can pull information from internal databases or external sources like financial statements or social media posts. They then combine this information into spreadsheets which they save as data tables on their computer system. Data tables should be organised to make sense to users unfamiliar with programming languages or software engineering concepts like SQL queries. Interpret data and draw conclusions about what it means. Data analysts are responsible for interpreting data and drawing conclusions about it. They identify trends in the data and patterns and anomalies that may indicate problems or opportunities. Data analysts work with business leaders to help them make decisions that impact their organisations. They typically use software tools to analyse large amounts of data from multiple sources, such as customer surveys and sales records. Data analysts must also have strong analytical skills, as well as excellent communication skills. The ability to interpret complex information and present it clearly is essential for success in this role. Identifying trends in the data and patterns and anomalies that may indicate problems or opportunities. Data analysts work with data to help companies understand their customers, identify trends and patterns, and find improvement opportunities. Data analysts usually have one of two types of data analyst jobs – Work as part of a team that assesses data collected by other departments within an organisation (for example, marketing or sales). Work independently on projects related to collecting and analysing data on behalf of an organisation. ALSO READ Here’s how to become a business analyst?Data Analyst vs Business Analyst: What’s the difference? Data analytics tools If you are looking for the best Data analytics tools for your business, the following information can significantly help you. Google Analytics Google Analytics is free and easy to use. It has got multiple valuable features that make it easy for you to track everything from how many people are visiting your website to where they are coming from, and so much more. Adobe Analytics Adobe Analytics is another great option for businesses looking for a data analytics tool that’s both powerful and affordable. It has all of the features that one might expect from an enterprise solution at only half the cost. It also has some great integration capabilities with other Adobe products like Campaign Manager, which allows users to connect easily with other Adobe products to access all of their data in one place. Tableau A tableau is an all-in-one tool that lets you create data visualisations and dashboards that are easy to understand and easy on the eyes. The software has an intuitive interface that lets you focus on what matters most—your data while providing powerful features like advanced filtering and drill-down capabilities. Alteryx Alteryx is another excellent option for businesses looking for an easy way to start their analytics efforts. Alteryx offers three products: Data Preparation Toolkit, Data Quality Toolkit, and Modelling & Forecasting Toolkit. How to become a data analyst? Becoming a data analyst can be a challenging and exciting journey. But it is not something you just get by snapping your fingers. There are steps you need to take and skills you need to acquire before you can call yourself a data analyst. Here’s how to get started – Choose your path Data analysts come from all backgrounds, and many different paths can lead you to the same destination. You could choose to major in a quantitative discipline like statistics, computer science, or mathematics, or you could study business and focus on analytics as part of your degree programme. Build your skills Make sure that while you are still in school, you are doing projects and taking courses to help build your data analysis skill set. If possible, get involved with some volunteer work or internships where you can apply what you’ve learned. This will make it much easier for potential employers to see how well-rounded your skillset is! Find an internship opportunity One of the best ways to prepare for life after graduation is through internships—so once you’ve graduated from school (or even while still attending), find an internship with a local company or non profit organisation that does fantastic work with data analysis! READ MORE: How to become a data analyst Conclusion Enrol in the Data Science programme at Online Manipal to gain the required skills to make sense of data and act on it. Offered by the prestigious Manipal Academy of Higher Education (MAHE), an institute of eminence with NAAC A++ rank, online M.Sc. in Data Science is the best suit for students who want to kick start a successful career. MAHE also offers online MBA with Data Science specialisation for those who have considerable work experience. These programmes will help you learn how to collect, manage, and analyse data using tools such as SQL and Python.You will also get hands-on experience with real-world datasets in your lab work. And when you finish the course, you will be prepared for a decent data analytics role in any industry.
Skills required for a career in Product Management Posted on August 19, 2022November 16, 2022 by Online Manipal Editorial Team Product management is one of the most important and challenging roles in any company. A product manager is responsible for a product’s strategy, roadmap, and execution. They must work closely with engineering, design, and marketing teams to ensure the product meets the needs of the customer and the business. They must communicate effectively with stakeholders to ensure everyone is aligned on the product vision. To be successful in product management, you must have strong strategic thinking skills. You must understand the customer’s needs and translate them into features that will meet their needs. You must also be able to think about the long-term vision for the product and how it will evolve over time. In addition, you must be able to execute quickly and efficiently. You must be able to prioritise and manage a backlog of features. And finally, you must be able to work well under pressure and handle multiple projects simultaneously. An MBA will teach you how to think strategically about businesses and products. You will learn how to conduct market analysis, develop go-to-market strategies, and launch new products. And finally, an MBA programme will allow you to network with other experienced professionals and make connections that can help you in your career. Product management is a high-demand field with a lot of potential for career growth. If you have the skills and drive to succeed in this field, an MBA can give you the edge you need to stand out from the competition. If you have the right mix of skills and experience, a career in product management can be immensely rewarding. What is the qualification to become a product manager? A product manager organises and manages the product development process for a company. They are responsible for ensuring that the product development is successful and meets all requirements. Product managers often have a background in engineering and/or software development. They are responsible for determining the product’s features and leading the team during development. They work closely with customers during the product development process, helping to determine what features to include and what should be prioritised. While no specific educational qualification is needed to become a product manager, it is highly beneficial to have some experience. The job requires a broad set of transferable analytical, organisational, and communication skills. Undergraduate degrees in economics, engineering, or marketing can prepare a person for the job. Additionally, a product manager can choose to complete a product management certification programme. After completing the training, they can apply for product management jobs. One of the qualifications for a product manager is the ability to work with a team of engineers, designers, and other professionals. A person with this level of responsibility must be adept at working with multiple teams and meeting deadlines. It is also essential to have the ability to think like a customer when developing a product. This ability to identify with customers and understand their problems will help create solutions. Empathy will also help you cultivate effective partnerships with other teams. The most common product manager eligibility is a bachelor’s degree in business management or a closely related field. Many employers look for candidates with a background in economics, mathematics, public relations, or communications. You should research current product managers to know what skills they need to succeed. If you are passionate about the job, you can work your way up to it. When you’re ready to take the next step, make sure to pursue your career in product management! Related article: Check out the important concepts in Operations management Major roles and responsibilities of a product manager Product management is a role that encompasses many different activities. It is important to remember that product management isn’t just about creating products. It’s also about managing all aspects of a company’s product development process, from recruiting new team members and raising money to keeping an eye on costs and market trends. You’ll need to be skilled in several different areas to do this effectively. First and foremost, you’ll need to be an expert in your field. You must be a good communicator, able to work well with others and build strong relationships with customers and vendors. Finally, you’ll need to be able to handle the pressure and stay motivated throughout the entire process. A product manager must constantly stay abreast of the latest trends and changes in the industry. They must also take a position on the future of the industry. Listed below are some of the Product Manager’s roles and responsibilities: Product managers should conduct market research to understand and determine what customers want. They must also create a roadmap that clearly defines product features, deadlines, and stakeholders. A product roadmap should include valuable features and benefits to the customer and the business. A product manager must work with engineers and designers to determine the best way to achieve each goal. Product managers must also be able to coordinate with other stakeholders. In short, they must have the expertise to manage the entire product lifecycle.A product manager’s role includes researching what products customers want and what competitors are doing. They should be able to analyse problems in the market and devise strategies to overcome them. Product managers should have strong analytical and interpersonal skills. Besides that, they must be adept at coordinating and collaborating with various stakeholders. Finally, a product manager should be able to manage time well.The role of a product manager includes creating a product strategy, guiding team during development, and bridging the gap between engineering and other departments within the company. In addition, they oversee the entire creation process, from idea generation to product launch. The job of a product manager is exceptionally complex and requires a high level of empathy. Empathy is a fundamental part of the product management process. It is critical to gain an understanding of the customers’ needs and the products that target those needs. The product manager will meet with actual customers and attend sales calls. Obtaining a deep understanding of a customer’s needs and problems will take many months, but displaying a sense of curiosity can help you achieve progress quickly.A product manager is responsible for developing, marketing, and selling a company’s products. They are responsible for defining and understanding the customer’s needs and ensuring the product meets the specifications and expectations. They also analyse competitors’ products and other proposed products. They should be good at strategic planning, inventory control, and team management. The job also involves overseeing the entire process from concept to completion.A product manager should have strong analytical and problem-solving skills. In addition, a product manager should have a background in design, marketing, or technical work. These skills are essential for the job, but the job also requires emotional intelligence and the ability to communicate effectively with all stakeholders. Furthermore, the product manager should have excellent relationship management skills and be able to inspire people. A product manager should also be adept at managing conflicts. Check out the job roles for MBA operations management Skills needed for a successful career in product management Knowledge of web development Web development is one of the essential skills needed to be a successful product manager. It encompasses the skills needed to build web applications, and it’s also required to understand how users view these applications. Web development can be divided into two main areas: front-end and back-end. Front-end development involves coding HTML, CSS, and JavaScript to create websites, and back-end development involves programming servers, databases, and other web-related tasks. Product managers with a solid understanding of web development are in high demand for startups and established companies alike. Consequently, to be a successful product manager, you should ensure that you possess the skills necessary for web development. Writing technical requirements and specs If you’re in the business of making products, then you are in the business of managing the product development process. This means that you have to take on the product manager role at some point. To be a successful product manager, you must have a solid understanding of product management and technical writing. Today, many different kinds of products are being made and sold on the market. While different companies make all these products, they all follow the same basic process: They start as ideas and eventually become something tangible. The process looks something like this: Idea > Prototype > Test > Validation > Production > Marketing > Return > Repeat. So, if you’re going to be involved in any way with any kind of product, then you should know how to write technical documentation. It’s important to understand each stage of the process so you can be prepared for anything that might come up along the way. You also need to know what kind of documentation is required for each stage so that you can make sure that it’s ready when it’s needed. Keep in mind that not all products need to be written from scratch. Sometimes, it makes sense to hand off some of the documentation to an external company for specific stages in the process. Communication skills Communication skills are essential for a successful career in product management. Your ability to communicate effectively helps you build rapport and forge partnerships and plays a crucial role in your ability to clearly define your role and responsibilities and your impact on the organisation. In addition, effective communication is also key to building good interpersonal relationships and building trust among colleagues. Furthermore, even beyond the workplace, good communication skills can be critical for connecting with people outside of work. For example, it’s important to present yourself confidently and effectively if you’re looking to network with potential clients or investors. Strategic thinking Product management is the process of bringing a product to market. It encompasses all aspects of the product life cycle, from research and development to marketing and sales. As such, product managers play an essential role in ensuring that products meet customer needs and are successful in the marketplace. One of the crucial skills for product managers is strategic thinking. This involves understanding the big picture, setting objectives, and making decisions that will positively impact the business. In addition, product managers need to be able to think creatively and come up with innovative solutions to problems. They also need to be able to effectively communicate with other members of their team, as well as customers and stakeholders. By developing these skills, product managers can ensure that their products are successful in the marketplace. Market research Product management is about creating and delivering products that customers want and need. As such, it requires a broad skill set that includes everything from market research to product development to sales and marketing. Perhaps one of the most important skills for any product manager is market research. After all, if you don’t know what customers want, it will be challenging to create a successful product. Market research can help you to understand customer needs and pain points, identify market trends, and assess competitor products. With this valuable information, you’ll be better positioned to develop a product that meets customer demands. So if you’re interested in becoming a product manager, make sure you brush up on your market research skills. Analytical ability: Product management is a field that demands a wide range of skills, from strategic thinking to creative problem-solving. However, one of the most important product manager skills is analytical ability. This involves the ability to collect and interpret data, identify trends, and make sound decisions based on evidence. With so much data available today, product managers need to be able to sift through information and find the needles that will help them improve their products. Those who excel at analytical ability can use data to drive product development, making them an invaluable asset to any organisation. Management skills Product managers are responsible for leading the development and execution of a product strategy that meets the needs of both the market and the company. They play a key role in every product lifecycle stage, from initial concept to launch and post-launch operations. As such, product managers need to be excellent communicators, able to articulate the vision for a product and build consensus among stakeholders. They also need to be highly organised, with the ability to juggle multiple priorities and deadlines. Furthermore, they must have a keen understanding of both the market and the technology. In today’s fast-paced business environment, product management is a critical function that requires a unique set of skills. Problem-solving skills Product management is a complex and challenging field that requires various skills to succeed. One of the most important skills for product managers is the ability to solve problems. Problems can arise at any stage of the product life cycle, from conception to launch to post-launch support. Product managers need to be able to identify issues early on and then work with their team to find creative solutions. It requires not only analytical skills but also creativity and out-of-the-box thinking. In addition, product managers need to effectively communicate with all stakeholders, including customers, developers, and upper management. They must clearly articulate the problem and the proposed solution to gain buy-in and support. Whether it is a technical issue or a customer complaint, product managers need to be able to find the root cause of the problem and then devise a plan to fix it. Practical problem-solving skills are essential for any successful product manager with many moving parts. A/B testing: A/B testing is an essential skill for product management. It allows you to test different product versions to see which performs better with your target audience. A/B testing can be used to test anything from the design of your product to the copy on your website. To be successful with A/B testing, you need to have a good understanding of data and analytics. You also need to be able to work with different teams within your company, as A/B testing usually requires collaboration between the marketing, product, and engineering teams. If you’re interested in a career in product management, honing your A/B testing skills is a great way to give yourself a competitive edge. Product roadmap development Product management is a process that starts with an idea and ends with the delivery of a finished product. In between, many steps are required to ensure the product is successful. One of the essential skills for product management is the ability to develop a robust product roadmap. A product roadmap is a high-level view of the planned development of a product. It includes major milestones, features, and release dates. The roadmap provides direction for the team and helps to ensure that everyone is working towards the same goal. A good product roadmap is essential for keeping the development process on track and ensuring that the final product meets customer needs. It is essential to have strong roadmap development skills to be successful in product management. This means being able to understand customer needs, identify key features, and map out a plan for delivering a great product. With a well-developed roadmap, product managers can keep their team focused and on track to success. How can you develop the skills required to become a Product Manager? Most Product Managers have a background in business, with many holding an MBA degree. The skills required to become a Product Manager include strategic thinking, business analysis, and project management. An MBA degree enhances the chances of launching a career as a Product Manager by providing training in these areas. In addition, an MBA degree allows students to network with other business professionals. Many MBA programmes also include an internship, which can give students the chance to gain real-world experience in product management. MBA graduates can position themselves for success in this exciting and fast-paced field by developing the skills required to become a Product Manager. There is no one-size-fits-all answer to how to become a product manager. However, certain skills and abilities are essential for success in this role. Firstly, a good product manager must be an excellent communicator. They need to be able to articulate their vision for a product clearly, and also to listen to and incorporate feedback from stakeholders. Secondly, they must have strong organisational skills, as they will be responsible for coordinating the efforts of multiple teams.Furthermore, they must be analytical, as they will need to constantly assess the performance of their product and make decisions accordingly.Finally, they must be proactive and able to think and act quickly, as the product management role often requires quick decision-making. These are just some skills required to become a successful product manager. However, the most important thing is to have a passion for the role and a willingness to learn. Hone your Product Management skills with the right course from Online Manipal Online Manipal is the online platform of Manipal University Jaipur that provides full-time courses in an online mode. Manipal University Jaipur is a NAAC A+ accredited institution that offers UGC-entitled MBA programmes in various specialisations. Product Management is an important subject in the MBA operations management course. The subject covers a broad range of topics, from product strategy and development to marketing and sales. Acquiring an in-depth knowledge of the subject improves your chances of achieving the product manager role. Online courses from Online Manipal are advantageous for students and working professionals. The quality of the programmes can be seen from its faculty, student reviews, and placement records. Students can choose a specific programme focus or take a broad approach based on their professional goals. Learners will also benefit from the wide variety of resources, including access to a world-class business school faculty, experienced mentors, and a strong alumni network. In addition, students who complete the programme will be eligible for placement assistance. Conclusion Working in product management requires a unique combination of skills. On one hand, you need to be creative and have the ability to come up with new ideas. On the other hand, you also need to be very organised and detail-oriented to execute those ideas and bring them to life. In addition, being good at problem-solving and customer service is also essential in this role. Ultimately, if you have the right mix of skills and are passionate about your work, you can become successful as a product manager
Data science projects you should try Posted on August 19, 2022November 16, 2022 by Online Manipal Editorial Team Key takeaways: Data science is thriving as a great career path in the market. Data science projects can be the best way to upskill yourself and make you a better data scientist. With the help of data science projects, scientists can learn, deal and solve real-life problems. Data science is the study of large amounts of data using advanced tools and techniques to discover previously unseen patterns, elicit meaningful information, and make business decisions. The data used for analysis can come from various sources and be presented in various formats. Data Science is now one of the most sought-after fields in today’s data-driven world. A Data Science programme is not enough to become proficient in Data Science. So what other option do you have? One of the best ways to improve one’s performance is to practise the skills one has learned. Working on data science projects is a perfect solution as you get a chance to learn and hone your skills. It gives you a good insight and appreciation of key concepts in Data Science, regardless of whether you are a beginner or an experienced professional. Importance of data science projects A data science project allows you to put your skills in data collection, cleaning, analysis, visualisation, programming, machine learning, and other areas to good use. It enables you to apply your knowledge to real-world problems. After completing the data science projects, you can add them to your portfolio to demonstrate your skills to potential employers. Data science project ideas Data science projects are undoubtedly beneficial for data scientists as they get a chance to enhance their skills. Increase productivity Data scientists can process data in various forms to receive the information needed by the company. Using data science projects helps data scientists make decisions and gives them confidence because statistics and details back them up. This gives them a competitive advantage and boosts productivity. Fewer possibilities of errors It is essential to ensure that data collection, facts, and figures are completed quickly and accurately. Data science projects help data scientists hone their skills, which means there will be fewer errors in the future. Data science projects have a low to negligible possibility of errors or mistakes. ALSO READ Data scientist job role and descriptionDifference between a data scientist and a data engineerRising demand for data science in India Best data science projects for beginners You can use your data science expertise to solve real-world data science issues with such data science projects for beginners. Fake news detection Fake news does not need an overview. It is very easy to spread false information across online platforms in today’s interconnected world. Fake news is sometimes spread via the internet by unauthorised sources, causing problems for the targeted person, causing panic and even crime. To counteract the spread of fake news, evaluating the legitimacy of the information is vital, which this Data Science project can help with. Python can accomplish this, and a model was developed using TfidfVectorizer. PassiveAggressiveClassifier can be used to classify between real and baseless news. Python packages suitable for this project include Pandas, NumPy, and scikit-learn, and the dataset can be News.csv. Sentiment analysis The sentimental analysis assesses words to identify sentiments and viewpoints that may be optimistic or pessimistic in polarity. This is a type of segmentation in which the classifications are either binary (optimistic or pessimistic) or multiple (positive and negative) (happy, angry, sad, disgusted, etc.). The project is written in R, and the dataset from the Janeausten R package is used. It is one of the best data science projects for beginners. Forecasting web traffic Forecasting time series can be a significant subject in machine learning. It is a popular aspect of time series prediction because it allows web servers to better manage accessible resources and avoid shutting down. Web traffic forecasting could be even more efficient if wavelengths were used instead of neural networks. The power of a wavelength is found in “causal dilation convolution,” which is liable for increasing the efficiency of any neural network. Detecting breast cancer Breast cancer cases have increased in recent years, and the best way to tackle it is to detect it early and take appropriate preventive measures. To create such a system in Python, the model can be trained on the IDC dataset, which contains histology images of cancer-inducing malignant cells. Convolutional Neural Networks can be used in this breast cancer detection project. You can include and try this as a data science mini project. Creating a chatbot Chatbots are useful for businesses because this project can answer all client queries and provide information without slowing down the operation. The procedures that are fully automated have reduced the customer support workload. This process is simple to achieve by utilising Machine Learning, Artificial Intelligence, and Data Science techniques. Recurrent Neural Networks trained on the intentions JSON dataset can be used to train the chatbot, which can then be implemented in Python. The chatbot’s goal will determine whether it is domain-specific or open-domain. Data science projects in Python Python has achieved fame in data science over the years. It is popular among data enthusiasts because it provides a simple introduction to data science and machine learning. Here are some data science projects in Python: Detecting credit card fraud Credit card scam is more common than you might think, and it has recently increased. By 2022, we will have metaphorically crossed a billion credit card users. However, thanks to technological advancements such as Artificial Intelligence, Machine Learning, and Data Science, credit card companies have successfully identified and intercepted these frauds with high accuracy. Simply put, the idea is to examine a customer’s regular spending pattern, including the location of such spending, to classify fraudulent and non-fraudulent transactions. For this project, R or Python programming languages can be used to ingest the customer’s recent transfers as a dataset into decision trees, Artificial Neural Networks, and Logistic Regression. Insurance claim severity Insurance claim severity is a prominent data science project for data analysts and data scientists to practise their skills. It enables predicting the types of claims received by an insurance company almost daily. This data science project with source code is written in Python and includes machine learning algorithms. Face recognition system Facial recognition software generates numerical depictions of human faces and compares them to other human faces to verify a person’s identity. It employs machine learning techniques to recognise, collect, store, and analyse face characteristics to match them to photos of people in a database. Machine learning algorithms, for example, can quickly find, capture, collect, analyse, and retrieve various facial features and nuances to match them with pre-existing images and form a connection. Machine learning in face recognition has already proven its worth in a variety of fields, including but not limited to security and biometrics. E-commerce product reviews Since the early 20s, the eCommerce industry has grown in tandem with the expansion of internet services. Using data science to learn about customer shopping habits and product reviews is a great way to boost sales. When working on e-commerce data science projects, you already have access to internal data. However, holistic data collection necessitates collecting both internal and external data. The augmented data could be stored in a data lake or a data warehouse, where you can perform your analysis and train your machine learning models. Detecting banking fraud Banking is one of the fortunate industries that has historically collected a large amount of structured data and is one of the first to apply data science technologies. Data science is a requirement for banks to compete, attract more customers, increase the loyalty of existing customers, and make more efficient data-driven decisions. Fraud detection refers to proactive steps to detect and prevent fraudulent activities and financial losses. Machine learning is a critical component of fraud detection. Data science projects with source code Trying to create some data science projects to boost your resume but feeling overwhelmed by the size of the code and the proportion of concepts used? If so, here are some data science projects complete with source code. Chatbot with Python Chatbots are an important part of any business. Many businesses must provide their customers services, which requires a significant amount of manpower, time, and effort. Chatbots can automate customer interactions by answering some of the most frequently asked questions. You must smartly customise it to work effectively in your domain. Because open-domain chatbots can be asked any question, massive amounts of data are required to train them. Stock market prediction Stock price analysis has become a significant area of investigation and is one of the top machine learning uses. Stock Price Prediction with Machine Learning facilitates you in determining the future value of a company’s stock and other economic assets traded on an exchange. The entire point of predicting stock prices is to make large profits. It is difficult to predict how the stock market will perform. Other factors influencing prediction include physical and psychological factors, rational and irrational behaviour, and so on. All of these factors work together to make stock prices dynamic and volatile. This makes accurate stock price forecasting extremely difficult. Wine quality prediction Wine quality prediction is one of the most popular data science projects using the R programming language. The primary goal of the wine quality project is to investigate the various chemical properties that influence the quality of red wines. One can also brush up on data science concepts such as exploratory data analysis, dataset components, data munging, and many more. Detecting Parkinson’s disease Parkinson’s disease is a cognitive disorder of the brain. It causes shaking of the body, hands, and stiffness of the body. At this advanced stage, no proper cure or treatment is available. The project will be created using the Python programming language. Python libraries such as scikit-learn, NumPy, pandas, and XGBoost will be used in this. The XGB Classifier model is designed to work on the goal. A UCI ML Parkinson’s dataset can be downloaded for free from the internet. To classify the datasets, gradient boosting algorithms are used. The project’s accuracy is calculated, and thus the outcome is determined. The project will analyse data from patients’ symptoms to predict strokes. Steps to preparing a data science project No one appears to be able to provide a solid answer to how the overall process works when we talk about data science projects. Hence from data collection to analysis and presentation of results, we’ve got you covered here. Look for interesting questions Begin writing down questions, irrespective of whether you believe the data to answer them exists. You may ask a question and instantly think to yourself, “No, this can’t be solved,” and then cross it off your list. But don’t do it! Put it on your list. Gather the data Once you’ve decided on a question to focus on, it is time to search the world for data that might be able to solve it. As mentioned above, data can come from various sources; thus, this step can be very creative! Explore the data Once this step is completed, the analyst typically spends several hours learning about the domain, manipulating and exploring the data with code or other tools, and has a good sense of what the data is trying to tell them. Model the data This step entails the application of statistical and machine learning models. Here, we not only fit and select models but also implement mathematical verification metrics to quantify the models’ potency. Conclude and visualise This is, without a doubt, the most important step. While it may appear obvious and simple, the ability to summarise your findings in a digestible format is far more difficult. READ MORE: The data science roadmap explained Bottom line With the right set of expertise, guidance, and tools, you can learn to deal with any type of data science project. No level is too difficult for students to master. As a result, these projects are ideal for honing one’s skills and making rapid progress toward mastery. If you are new to the Data Science field and want to learn and build a stunning career in this promising domain, we recommend online master’s programme in Data Science offered by the Manipal Academy of Higher Education (MAHE). Delivered through Online Manipal, M.Sc. in Data science helps you acquire all the data skills to emerge as an in-demand professional. For working professionals, who are interested in ascending to managerial roles, Online Manipal offers an MBA with Data Science.
How to switch your career: things to consider Posted on August 18, 2022September 25, 2023 by Online Manipal Editorial Team The days of having a lifetime career with a single employer are long gone. You might think about changing professions at some point in your life, possibly several times. There are many reasons why people change careers, but whenever they do, it is essential to be proactive. A well-considered career shift will probably result in more job satisfaction. Individuals switch vocations for a diverse range of reasons, such as the need for future challenges and more fulfilment, the desire for flexible working hours and the adaptability of working from anywhere. Planning is crucial no matter what industry you are thinking about changing to. There is never a perfect time to look into new career opportunities or change professions. The pandemic brought on some modifications in the workplace and personal transformations, both positive and negative. Many professionals search for a revamped opportunity due to shifting aspirations and perspectives. The wisest course of action for employees in the current environment, where allowances are being eliminated, and performance expectations are rising, is to look for solutions that offer greater yields. In these trying situations, changing jobs has certain advantages. Due to a large number of layoffs, employers are increasingly seeking applicants with new knowledge of the sector. Job searchers looking to change their career may take this opportunity to research and find businesses and sectors hiring right now and tailor their necessary documentation. It can be beneficial to shift into a career trajectory or field that is predicted to see substantial expansion and remain in demand as automation proceeds to alter employment and sectors, displacing employees. This article will cover the factors that lead to a career change as well as practical tips for switching careers in the future. You may expedite your process and explore a variety of career choices by using the tips outlined here. It’s time to explore careers in high-demand industries The pandemic and technological improvements have enhanced digitalisation across businesses, which has significantly altered the requisite skills for many business roles. Businesses had to quickly migrate their operations online and progressively rely on digital innovation to contact customers, comprehend their demands, and deliver services in a competitive and dynamic business climate. It’s never late to consider making a career transition, even though switching careers can seem like an intimidating thought, notably if it’s midlife. It’s important to consider whether you intend to pursue a career move or a job change. The ability to absorb and learn new ideas and use them in rapidly evolving circumstances is a crucial skill that the pandemic has highlighted. Many businesses are currently looking for fresh talent with knowledge of digitisation, data analytics, IT, etc. Hone your soft skills, such as management, resiliency, customer focus, interpersonal skills, critical reasoning, problem-solving skills, innovation, rationale, brainstorming, etc., to be prepared for a career change. Technical prowess, including data analytics, cloud technology, online marketing, artificial intelligence, and cybersecurity, will improve your resume, especially for an IT career switch. These all are necessary talents for businesses to succeed in the globalised era and for employees to differentiate themselves. Individuals can shift to fast-evolving sectors like: IT/ITES BFSI E-commerce Healthcare Fintech Management Marketing A professional shift can provide you with a fresh start, whether you’re seeking something entirely different or realising long-held goals. Your contentment at work and productivity may increase if you take on a new responsibility. Even if you might be concerned about how to find work in the new normal, knowing your abilities and the various uses for them will be quite beneficial. Additionally, a fantastic strategy to begin your career shift is to grasp the skills and talents that companies of tomorrow will be looking for. It can be tricky to keep up to date with all the latest technologies coming into the workplace. Taking up online courses related to emerging technologies can help to push your career into exciting new directions. Know what are the in-demand job roles Keeping up with all the new technologies entering the industry can be challenging. You can put yourself ahead of the competition and advance your career in fascinating new areas by enrolling in one of the below-mentioned programmes on emerging technologies. Data scientist Data scientists are among the most sought-after professionals as businesses transition to digital operations and generate massive amounts of data. This personnel with programming, data visualisation, and machine learning skills are in high demand by businesses who want to make data-driven business choices. AI specialist The ultimate focus of an artificial intelligence specialist is to create AI models utilising deep learning and machine learning principles to derive actionable insights. To become an AI expert, you require an in-depth understanding of programming, maths, machine learning techniques, natural language processing, etc. In India, there is a vast imbalance between the supply and demand of artificial intelligence specialists. However, a shortage of knowledgeable AI specialists has forced businesses to compete for the best personnel. Thus, there is no doubt that all the top businesses are making rich offers to AI professionals, in addition to various perks. Full stack developer The creation and upkeep of the entire web are the responsibilities of full-stack developers. Their ability to manage both the front-end and back-end functionalities of any application contributes significantly to their prominence in the tech department of any company. Startup businesses are increasingly hiring full-stack developers as they seek experts who can handle product applications from beginning to end. You can anticipate high-paying proposals from startups and leading MNCs if you prefer coding and have an excellent understanding of Java, CSS, Python, and other coding languages. Data analysts Data analysts earn high compensation and excellent benefits, even at the entry-level, due to the great demand for their services and the lack of competent applicants. Data analysts are necessary for any business that uses data to analyse it. Leveraging data to make investment choices, target clients, evaluate risks, or determine capital allocations are just a few top data analysis jobs. When working with core database infrastructures, you can expand your technical knowledge in related fields, like creating and developing data infrastructure. Digital marketer There are numerous career options available in digital marketing, and it is developing quickly and into a promising sector with many new opportunities and possibilities. To assure the best revenue, digital marketing specialists plan and track their initiatives. The top ten most sought-after jobs, according to LinkedIn, include the position of “Digital Marketing Specialist,” which has 860,000 job opportunities and a shortfall of roughly 230,000 digital marketers. Machine learning engineer The field of AI and ML is expected to grow dramatically. Experts in machine learning conduct statistical studies and create ML applications and algorithms that can be used for commercial requirements. To develop work-ready talents and become certified for the most excellent jobs in India, master the A to Z of machine learning. With their ability to create more personalised solutions for customers, AI and ML have revolutionised the world today. Professionals in machine learning assist brands in making more data-driven management solutions to minimise risk exposures. They have established themselves as significant assets to businesses, and demand for them is growing yearly. Your career can move into exciting new areas with the help of a machine learning certification or specialisation. Financial manager Financial managers are in charge of a company’s finances, such as its earnings and outlays. In addition to keeping track of the money coming in and going out of a corporation, they plan about wider financial choices to make the organisation financially successful. Financial managers must be excellent communicators, planners, and organisers because of the structure of their employment. To guarantee that the funds are used as effectively as possible, the person in charge must have a long-term perspective. Their activities directly impact the company’s profitability, expansion, and reputation. Market research analyst A marketing research analyst develops and implements a company’s marketing plans to satisfy customer wants and increase revenue. They operate across all industry sectors, and the job opportunities are expanding quickly. To pursue a profession in marketing management, you must at least have a bachelor’s degree in business administration or marketing management. Marketing managers create cutting-edge goods and solutions to satisfy business goals and the customer wants, making it among the highest paying occupations in India. Steps to a successful career change Even though there may be many hassles and complexities related to seeking a new job or switching careers, if you have decided to do so, start with some fundamental steps like making a list of possible jobs and careers. Your list can contain details on fresh businesses, opportunities, or professional options. Investigate the position’s needs, the candidate’s requisite skills, the value of your expertise to the position, etc. Consider these guidelines for determining your interests, looking into possibilities, examining potential career routes, and changing careers. The following pointers will give you a clear vision of the answer to the question “How to switch careers?” Review your level of job contentment Keep a record of how you feel about your job every day, and search for repeating patterns. Consider the characteristics of your present employer that you enjoy and dislike. Also, note if you are dissatisfied with the firm you deal with, the corporate culture, or the subject matter of your employment. When you’re doing so, you can do a few things at work to help you get ready to go when it’s time for a shift. Self-assessment An honest evaluation of oneself is a great way to proceed. When you change careers, you may face a variety of challenging problems, including having to answer probing inquiries about your prior work record and achievements. It will suit you best if you consider things before a recruiting manager asks you about them. Here are some inquiries you may want to make of yourself: What are your professional goals? What compromise are you willing to make to get there? What are your strengths and weaknesses? Evaluate your talents, values, and interests. Examine past positions, projects, and professions to determine chosen pursuits and abilities. Evaluate alternative employment options By investigating career opportunities, talking to colleagues, family, and social contacts about your fundamental beliefs and talents, and researching career options, you can come up with alternative employment options for yourself. You can consider consulting a career counsellor to seek guidance if you are struggling to come up with ideas. To find a few areas that need in-depth study, perform a preliminary comparative analysis of various disciplines. By just googling the jobs you are interested in, you can obtain a plethora of information online. Choose an industry You have the option of changing careers within the same industry or moving to a different one entirely. Since you probably already have expertise and experience in the field, switching careers inside the industry is frequently simpler. Research the job market You may get a sense of the jobs that are most and least in demand by researching the job market. Consider your aptitudes and experience Consider your skillset, employment history, volunteer work, internships, and other relevant experience to ensure a smooth career transition. From there, determine which professions you could quickly transition to with your current knowledge, expertise, and enthusiasm. Networking Learn as much as you can regarding those industries, then get in touch with people you know who work there for informational inquiries. Your college’s alumni career network can be a valuable resource for information. Find people you know who are employed in the field or position you want to shift in. Tell them directly that you want to change careers, and be daring in your plea for support. Inquire with them if there is an availability of jobs in your preferred domain. Keep in touch with these people frequently if you are considering a career transition because they’re frequently among the best knowledge sources. Another excellent tool for locating contacts in particular job fields of interest is LinkedIn and other job hunting sites. Set up a job shadow Spend anything between a few hours and a few days working alongside individuals whose jobs interest you. Finding alumni volunteers who are ready to host job shadowers might be done by visiting your college’s career centre. Also, find volunteering and paid work in your target profession to gauge your interest. For example, if publishing is your dream job, attempt editing the PTA bulletin. Upskill yourself Look into educational options that would connect your experience to a future field. Enrol in an online course to upskill yourself with relevant skills. Attend one-day or weekend seminars for a while. Get advice from professional organisations in your sector by contacting them. Find ways to advance your career by learning new skills at work. For example, if you are thinking “How to switch careers in IT”, you need to upskill yourself in the latest technologies like AI, ML, Cloud Computing, cyber security, and many others, depending on your chosen area. Enrol in as many classes as possible if your employer offers in-house training. Consider employment in your current industry Think of alternate positions in your current field that would make use of your existing industry experience, such as if you’re a store manager for a big retail chain and you are sick of working nights and weekends, think about switching to a corporate recruiting role in the retail sector. Build a strong resume for a career change Writing a strong resume for switching careers is the next and one of the most crucial tasks in achieving a successful career shift. If preparing an outline for a resume for a professional transition is confusing to you, the following pointers can assist you in preparing a CV that will land you a job even if you lack the necessary work experience. Select the appropriate resume format. Create a resume objective or summary. Add a section listing your expertise. Emphasise transferable skills in your professional experience section. Include a cover letter for a job change. Take online courses to upskill E-learning is a revolution in the education industry that anyone can use to advance their career, regardless of the field they work in. The way processes are carried out in today’s corporate environment is continually evolving, necessitating a growing variety of talents. It implies that a talent gap could appear out of nowhere. For example, you feel pretty confident about your abilities and are skilled in several software programmes. Then you discover that several job listings need mastery of a program you are unfamiliar with. To deal with this, simply find an online programme on the topic you need to be familiar with and sign up to complete the course to become eligible to apply for your preferred post. Why accept if you are unsatisfied in your current position or if you truly want to be doing anything else? The best part is that shifting careers nowadays does not always require putting your career on pause. Numerous online courses are available that might ease your shift from one career to another. Online education is extremely popular, and one out of every five students studies “off campus,” and online students typically report better overall satisfaction. Learning new skills and changing occupations have never been simpler. For instance, you can opt for an online MBA to switch careers in the field of management. Let’s explore a few advantages of pursuing online courses: Your present schedule can be adjusted for online classes. If you’re considering changing careers while you are still employed, you can start the transition immediately. Employers frequently seek candidates with both technical and soft skills, most of which can be acquired by enrolling in an online programme. A solid and comprehensive perspective of your potential professional option can be obtained by completing the course. You can learn how to improve and adapt the talents you already have from past jobs in addition to picking up new ones. By taking an online course, you can find that you stand out in interviews since they demonstrate your motivation, self-discipline, curiosity, and want to learn. Additionally, online courses tend to be more “future-focused.” The abilities you acquire via online learning are more from modern ideas and business practices. Based on suggestions from the industry, online curricula are always altered and improved. You might seek an online course covering subjects such as resume preparation, cover letters, and interview manners to ensure you professionally approach your career shift. The completion of many online courses includes assistance with finding employment and other placement facilities. Taking a course can be helpful if you think that you are missing certain fundamental abilities or need a boost to meet your objectives. If you’re considering changing careers or starting the pursuit of your ideal career, have a look at the list of the most in-demand occupations. Thus, an online course is a terrific place to start, whether studying something entirely new or checking up on your current knowledge. Not sure if an online degree is worth it, check this article. Make your transition to a new career hassle-free with Online Manipal Future success is heavily influenced by your decision regarding your educational career. Manipal University Jaipur offers online education courses through their platform Online Manipal that can help advance your career and equip you to handle any future work-related issues. The value of UGC-entitled online courses is comparable to that of traditional Indian courses or the on-campus degrees. Manipal University Jaipur also provides placement assistance to its graduates completing online courses. The placement cell works with leading organisations to identify suitable placement opportunities for students and help them land their dream jobs. Also read: How worthwhile is Online Manipal for online education? The diversity of online courses at Online Manipal has aided in providing learners with high-quality education and efficient training. As a result, it helps the students’ careers in their chosen industries. Check Online Manipal to enrol in several rewarding online courses if you are looking for a boost in your career. The online courses are a great option for working professionals to upskill without risking their current employment, MUJ offers top-class online programmes in various specialities. The online BCA, BBA, B.Com, MCA, MBA, and M.Com degree programmes offered here have received accreditation from organisations like UGC, AICTE, and IQAS, to name a few. These online courses provide more flexibility, better time management alternatives, and more affordable learning methods. Besides MUJ, the Manipal Academy of Higher Education (MAHE) offers online MBA, M.Sc and PGCP programmes for working professionals specifically. These programmes include MBA in Finance, Marketing, Healthcare Management, HRM, etc., M.Sc in Data Science, Business Analytics, and PGCP in Business analytics, supply chain, and cloud computing. Conclusion The future for professionals looking for a career transition looks promising and all you need to do is acquire the knowledge and skills in the new domain you’re looking to thrive in. Learners can advance in their careers and move into higher job positions with growing opportunities by enrolling in the appropriate online courses and learning new skills. So, don’t worry if you’re a computer programmer who wants to transition to UX design, an accountant who wants to work in advertising, or want a career switch from civil engineering or banking or big data. Everything is possible with the correct guidance and willingness to achieve your goals. Enrolling in an online course is helpful at any point in time, whether you are a novice or a seasoned professional. The curriculum for the online programs these days is created with innovation in mind and is the result of extensive study by subject matter experts and industry practitioners. You can register for online courses from a reputed platform such as Online Manipal to distinguish yourself in your chosen field.
Important concepts to learn during an MBA in IT and Fintech Posted on August 17, 2022November 16, 2022 by Online Manipal Editorial Team A Master of Business Administration (MBA) in Information Technology (IT) and Fintech is a postgraduate degree focusing on subjects relevant to Information Technology and Fintech. E.g., Financial Management, Digital Innovation and Transformation, Machine Learning in Financial Analysis, etc. The study of IT has been around for quite some time now, and financial technology (fintech) is a relatively new field that encompasses studying new technologies to improve financial operations. You can opt for an MBA in IT and Fintech from any of the recognised institutions that provide the option of taking this course online or on-campus. The demand for innovative technologies and IT in the financial sector is growing faster than ever, and our systems need to be more efficient, secure and streamlined. Many employers prefer a candidate with an MBA in IT and Fintech for job roles like Business Intelligence analysts, Financial Analysts, Machine Learning Experts, etc. Read the article to learn what to study in an MBA Finance and IT and important MBA finance topics. MBA in IT and Fintech subjects The common subjects in the MBA finance and IT course are: Information security management: This subject teaches about the basic principles and concepts of information security and the various approaches to safeguard your digital assets and networks. It ensures the protection of the confidentiality, integrity and availability of financial assets that are accessed by digital means.Financial management: It encompasses processes like planning, sorting, directing, and controlling the financial operations of an organisation. One of the essential financial management activities includes the collection and usage of funds efficiently. Web-based systems development: This subject aims to teach the students about the methods of designing and developing a web-based system. You will use the methods learned in this course to implement them in the financial sector.Big data and machine learning: Big Data is a term that describes very large and difficult-to-manage data, and it could be structured or unstructured. On the other hand, Machine Learning deals with a component of Artificial Intelligence that enables computers to adapt, learn, and improve using the available past data.FinTech: Fintech is short for Financial Technology and describes innovative technologies that aim to enhance and automate the usage and delivery of financial products and services. Corporate restructuring and Business valuation: Corporate Restructuring implies rearranging business operations and activities to increase profitability and efficiency. On the other hand, business valuation is the process of evaluating an organisation’s economic value or a unit.Investment analysis and portfolio management: Investment analysis is the process of researching and assessing an industry or a stock to determine how it will perform and if it fits a certain investor. Portfolio Management is the process of building and assessing a set of investment products that aims to fit a particular investor’s long-term financial objectives and risk tolerance.Banking and risk management: Many types of risk are associated with the banking industry. Some of the risks are credit risk, operational risk, liquidity risk, etc. This subject deals with the introduction to the types of threats and teaches about ways to mitigate them.Financial modelling: It is an important subject in the MBA in fintech syllabus. This subject deals with summarising an organisation’s expenses and revenue in a spreadsheet which can be further used to predict the impact of a future event.Strategy management: This subject deals with the process of planning, overseeing, analysing, and assessing an organisation’s important activities that are essential to achieving its overall objectives. Get to know the complete syllabus of MBA IT and Fintech course Some salient IT and Fintech concepts you must acquaint yourself with Some of the top MBA in IT and fintech concepts that you must learn during your MBA programme are as follows: Database management systems Database Management Systems (DBMS) encompass modern ways of managing data storage requirements. With the advent of technological innovation and the internet, the rate of data generation has increased rapidly, and the data storage requirements have evolved from gigabytes to exabytes. To give you a perspective about it, one exabyte is equivalent to one billion gigabytes. a database is an organised collection of data stored and accessed electronically. A Database Management System is the software technology used to create and manage these databases. It is also used to organise (retrieve, input, alter, delete, etc.) the data in a database. A few common examples of Database Management Systems are SQL Server, MySQL, Oracle, etc. A DBMS has the following major components: Hardware: It is the computer system used to access the database. The hardware can range from mainframes to microcomputers.Software: The software helps to set up a link between the database and the end users. Procedure: All the commands written on the DBMS software can be considered procedures.Data: Data is the set of information that is stored and managed by the DBMS.The language used to access the database: As with all other computer software, you need a specialised language to interact with the DBMS, known as the Database Access language. Using the database access language, you can perform functions on datasets like retrieve, input, alter, delete, etc. Technology management Technology Management is an umbrella term for interdisciplinary fields that enable organisations to manage their technology assets for competitive advantage. Organisations need to recognise the role of technology in all the individual departments and as an entire entity. Organisations should also invest in obtaining new technologies and upgrading existing technologies to improve them. Technology Management heavily depends on the organisation’s comprehension of technical and business skills. Some of the advantages of investing in technology and technology management are as follows: Security and support: Technological advancements enable companies to automate the process of data storage and inventory storage. It will lower costs and boost productivity. It also helps them to secure their information with the use of encryption.Globalisation: Communication technologies enable businesses to have a global outreach and establish the commerce of products and services worldwide. Technological advancement is one of the significant causes of globalisation.Cloud computing: This technology enables many organisations to outsource a significant chunk of their activities to other parts of the world via the internet. Organisations that rely on cloud computing do not worry about crashes, downtime, or data storage. Targeting customers: Technological advancements create a significant shift in consumer trends. E.g. The advancement of the internet has opened doors to online marketplaces, which have the potential to make more profits than traditional marketplaces generally. Cryptocurrency and blockchain Cryptocurrency and Blockchain are two of the biggest buzzwords of this decade. Blockchain is a distributed ledger system which is open to everyone. Once the information is recorded in a block, it is challenging to modify it. In other words, a Blockchain can be perceived as a chain of blocks containing data. This technology was created mainly to timestamp digital documents to enhance their security. However, it was not used until 2009, when Satoshi Nakamoto created Cryptocurrency (known as Bitcoin) using blockchain technology. cryptocurrency is an immutable, globalised, unbreakable and decentralised form of the existing currency system. It is a virtual currency that uses cryptography to work with the creator limiting the supply of cryptocurrencies. Bitcoin was the first cryptocurrency, and since then, several other cryptocurrencies (known as altcoins or alternative coins) have been created. E.g., Ethereum, Solana, Avalanche, etc. IT strategy and management IT Strategy (also known as technology strategy or IT technology strategic plan) can be defined as an elaborated plan that discusses how innovative technologies can be used to meet an organisation’s global business and IT objectives. It encompasses all the aspects of technology management, such as cost management, hardware management, software management, human capital management, vendor management and risk management. Planning and implementing an IT strategy in the financial sector requires lots of skills and expertise in the field of IT and Finance, and you can do so by pursuing an online MBA in IT and Fintech. On the other hand, IT Management encompasses the process of monitoring and administering the IT systems of an organisation. The IT system includes the hardware, software and network systems, and IT Management emphasises how to make these IT systems more efficient. An essential part of the IT Management process is to plan and implement an IT strategy for the organisation. Some other crucial tasks of an IT manager are: Ensuring that all the departments are receiving the sufficient technical support they need,Safeguarding the data and other digital assets of the company,Being up to date with the latest developments in the IT industry, etc Enterprise resource planning Enterprise Resource Planning (abbreviated ERP) is a multidisciplinary software solution that helps organisations to manage the various aspects of their business, such as customer relationship management (CRM), accounting, procurement, etc. It is a business management solution that aims to manage all aspects of a business operation via a centralised database and to enhance the efficiency of business operations via a user-friendly application interface. Some of the advantages of Enterprise resource planning software are as follows: Single and centralised management of data: When you use enterprise resource planning software to operate your business, your data is managed within a single platform. It helps improve the consistency, accuracy, and security of your data.Data-driven decision-making: Enterprise resource planning software can also be used to create insightful, real-time, and analytical reports about your company. These reports contain metrics that can help you make data-driven decisions at all levels in your company.Regulatory compliance: Some industry-specific enterprise resource planning software has integrated compliance data which can be used to ensure that your operations and products are compliant with government regulations. Cost savings: As mentioned earlier, ERP is a multidisciplinary software that can help reduce the miscellaneous costs for business operations. In other words, you will not have to buy or subscribe to multiple tools. Some ERP tools offer profit and cost tracking features to monitor your budget.Streamlined operations and productivity: ERP software helps make business operations easier and more efficient. It aims to reduce repetitive activities and manual data entry tasks. Banking and risk management Risk management is the process of identifying, assessing, monitoring, and mitigating the risks that could affect the global objectives of an organisation. It is also one of the essential MBA finance topics that helps to reduce risks in the banking domain. Risk management in the banking sector can be defined as developing and implementing a plan to mitigate the risks associated with banking activities. It can be summed up with the following steps: Identification and evaluation of potential hazards in the banking sectorDevelopment and implementation of an action plan to mitigate these risks that could incur potential lossesAssessment of the risk management process to make it better for future threats Some of the risks associated with banking activities are as follows: Credit risk: It is the risk associated with a borrower who will not be able to pay back their loans or meet other obligations according to the pre-agreed terms.Liquidity risk: It is the risk of the bank’s inability to fulfil its cash and collateral commitments without bearing enormous losses.Market or systematic risk: It is the risk of incurring losses on investments due to certain factors such as increments in the interest rate, etc., that impact the banking sector’s overall performance. Operational risk: It is described as the risk of incurring losses on investments due to inefficient internal processes, systems and people. It could also be a result of external factors. Financial markets and services Financial markets is an umbrella term for any marketplace where people can trade financial products such as stocks, forex, bonds, derivatives, etc. It is an essential part of the MBA finance syllabus. Some common types of financial markets are as follows: Stock market: It is the most common type of financial market. These are the markets where businesses can list their company shares. Investors and traders can buy or sell these stocks to make money.Over the counter (OTC) market: A decentralised market where participants trade securities without a broker. Forex market: The market where traders can buy, sell, speculate, and hedge on the exchange rate of two different currencies. Money market: It helps trade products with a higher degree of safety and lower return on investment.Cryptocurrency market: It is the marketplace where cryptocurrency tokens are traded. These marketplaces offer digital wallets to traders to facilitate the exchange of cryptocurrencies. Digital Innovation and transformation Digital innovation is the implementation of modern digital technologies to resolve critical issues of an organisation. These technologies help the organisation to optimise business operations, improve customer experience, develop new business strategies, etc. Some great examples of digital innovation are Big data, Blockchain, Virtual Reality (VR), Augmented Reality (AR), the Internet of Things (IoT), Artificial Intelligence (AI), etc. Some examples of typical applications of these technologies are as follows: People use a mobile application that works on AR to measure distances between two points in the 3D space.Medical organisations trying to use AI to diagnose patients’ illnesses better.You can use a smartwatch to monitor your health-related metrics like daily steps, heart rate, etc. Digital transformation, on the other hand, can be defined as the application of digital technologies in all business areas of an organisation. It helps to transform your business operations on every level and aims to provide greater value to your customers. It can also act as a cultural change that encourages businesses to promote innovations in their products by continually challenging the status quo, experimenting with new things, and learning from their failures. Business intelligence and its tools Business Intelligence (abbreviated as BI) is an umbrella term that consists of technology-driven processes used to analyse an organisation’s business data and gain valuable insights that the organisation can use to make data-driven decisions about its business operations. Some of the most important benefits of implementing business intelligence in your organisation are as follows: An improved decision-making processStreamlined business operationsEnhanced operational efficiencyA new source of revenueCompetitive advantage over business competitors, etc There are plenty of excellent business intelligence tools available online that you can opt for. The most commonly used tools are Microsoft Power BI, Tableau, etc. These tools can handle vast amounts of data and create insightful dashboards to visualise the data to help make data-driven decisions. Organisations hire professional BI analysts and experts to work with their business data and the BI tool. An MBA in IT and Fintech can teach you about these concepts and help you better understand them to prepare you for a role in the Business Intelligence domain. Advantages of doing an MBA in IT and Fintech As explained in the above section, Fintech is a relatively new field that promotes implementing digital technologies in financial industries to modify and enhance the way traditional financial institutions function. An MBA in IT and Fintech prepares the students to understand how innovative technologies like Artificial Intelligence, Internet of Things (IoT), Cloud Computing, Data Analytics, Data Science, Blockchain, etc. will help financial institutions to offer better and more efficient solutions to the customer, investors, and other stakeholders. As an MBA graduate in IT and Fintech, you will be able to understand the applications of Robo-advisory, insure-tech, algorithm trading and peer-to-peer lending in improving the efficiency of financial services. The MBA Fintech syllabus will train the students to develop all the essential skills and behaviours to pursue a career in the Fintech industry. There are many career opportunities that you can pursue after finishing an MBA in IT and Fintech. We have listed some of the most attractive job profiles you can choose from after an MBA in IT and Fintech: Blockchain and Cryptocurrencies DeveloperMobile Application DeveloperCybersecurity AnalystQuantitative AnalystRisk and Compliance OfficerData ScientistFinancial Analyst or AdvisorArtificial Intelligence Engineer or ExpertProduct Manager Learn how Fintech is transforming the Finance industry In the earlier sections, we learned about some of the common products and services resulting from the developments in the Fintech industry. E.g., Digital Payments, Mobile-only (virtual) banks, Cryptocurrencies, etc. Statistically, it is estimated that two-thirds of the world’s adult population can manage to pay or receive a digital payment, with the share in developing economies growing from 35% in 2014 to 57% in 2021. The highest growth was witnessed in developing countries, with percentages of people using digital payment methods rising from 35 percent in 2014 to about 57 percent in 2021. It is just one example of the innovations driven by Fintech. Fintech is continuously transforming the Finance and Banking industry. Now let us discuss how it is transforming the future of the finance and banking industry: Greater customer satisfaction: Most digital innovations in the finance industry align with customers’ expectations to provide customer satisfaction. E.g. Digital Banking offers a seamless experience to the customers. These modern technologies fulfil customer expectations by replacing outdated solutions with innovative digital ones. Enhanced compliance and security: Financial technologies can help banks and other financial institutions to navigate through rules, regulations and policies while safeguarding the assets and interests of all the stakeholders. For example, AI and machine learning help financial institutions detect anomalies and resolve them faster to ensure that cybersecurity is not compromised. More convenient: The fintech industry has streamlined the processes and activities in the financial and banking sector. Spending time on the tasks associated with investments, insurance, banking, etc., has become significantly easier to complete. The customers can perform a high level of analysis of existing data before making a new investment or trade. It is all because of the strides in the Fintech Industry. Possibility of decentralisation: The implementation of blockchain technology in the finance sector has given rise to the case of decentralised finance (abbreviated as DeFi). It is a system where an investor or trader, or consumer can interact with financial products and services on a decentralised blockchain network. It will remove the involvement of mediators like banks, broker-houses, and other financial institutions. Also read the guide to get a job in the finance sector Step up your game with an online MBA in IT and Fintech from Online Manipal Online Manipal, the online platform by Manipal University Jaipur, offers an online Master of Business Administration degree with IT and Fintech as an elective. Manipal University Jaipur is a NAAC A+ accredited institution and offers UGC recognised courses. MBA in IT and Fintech from Online Manipal is a 2-year programme. The annual fee of this post-graduate course is INR 1,50,000, and you have the option to complete the payments in semester-wise instalments of INR 37,500. You can also choose other MBA electives, such as Human Resources Management (HRM), Marketing, Operations Management, Analytics and Data Science etc., as per your choice and interest. After completing the MBA degree in IT and Finance, you will receive a course completion degree from Online Manipal that is rated highly by government institutions, private corporations, and startups. The institution offers placement assistance in the form of workshops to improve your CV, cover letter writing skills, and interview tips to land a lucrative job position. It also provides free access to Coursera so that students can learn and acquire all the necessary skills to succeed in their careers. Conclusion The demand for skilled professionals with a Master of Business Administration (MBA) in IT and Fintech has grown immensely in recent years. We see digital innovation in the field of finance in the form of cryptocurrencies, mobile payments, online banking, etc. You can learn the skills to pursue a career in Fintech by completing an online MBA from Online Manipal. You will learn about subjects belonging to both IT and Financial Technology, such as Information Security Management, Investment Analysis and Portfolio Management, Web-based systems development, Financial Management, etc.
What are the career options after completing a BCA? Posted on August 17, 2022July 20, 2023 by Online Manipal Editorial Team Bachelor of computer applications (BCA) is among the highly popular graduation programmes that students opt for after they finish school. However, most candidates who have completed BCA are unaware of the career opportunities they have. The rapidly evolving technology and its impact on businesses has increased the demand for technically sound professionals. By acquiring the right knowledge and technical skills during your BCA degree opens up a vast range of employment opportunities. In this article, we’ll discuss the diverse career opportunities that a BCA graduate has and the various sectors they can work in. Students can pursue a BCA degree in offline or online mode depending on their requirement and convenience. The various job roles a BCA graduate can land Digital Marketer This is one of the popular career choices after finishing your BCA course. As many businesses have started to shift online, the importance of digital marketing has increased more than ever. Digital marketers are professionals who promote a company’s products and services to expand the customer base and generate more sales. BCA graduates can easily enter this lucrative field and establish a thriving career. There are several job profiles available in the digital marketing field such as content manager, SEO analyst, digital marketing manager, social media expert, UI/UX designer, and more. Whether it’s a startup business or a well established firm, every company needs digital marketers to promote their products or services and increase their brand value. The average salary of a digital marketing executive ranges from INR 2 LPA and INR 6 LPA depending on the experience Whereas the average salary of a digital marketing analyst ranges from INR 3.6 LPA and INR 9.4 LPA. A digital marketing manager salary is an average of INR 6.2 LPA, which goes up to 18 LPA with experience. (Source). Web developer A web developer’s job is to create visually appealing and easy to navigate websites and ensure that the website is performing well. The various types of web developers include front-end, back-end, full-stack developers. The following the responsibilities of a web developer: Design websites, user interfaces, and navigation menus Write and review code for sites, typically HTML, XML, or JavaScript Collaborate with designers and stakeholders Integrate multimedia content onto a site Test web applications Troubleshoot problems A Web Developer’s salary in India ranges between ₹ 1.2 Lakhs to ₹ 7.6 Lakhs. (Source) Read: how you can get a job in Infosys after a BCA Cybersecurity professional Online BCA courses from a reputed university can equip the candidates with the necessary cybersecurity knowledge. Thus, becoming a cybersecurity expert is another good career option after BCA. From large-scale multinational organisations to government establishments, everyone requires the services of skilled cybersecurity professionals. The demand for such experts is on a constant rise. There are many hackers out there who are continually preying on the weak points of organisations. Also since an increasing number of companies are shifting their transactions and resources online, the need for cybersecurity professionals has also surged. To enter this field, you must learn a few critical skills such as application security, data secrecy, network security, and cryptography. A Cyber Security Consultant’s salary in India ranges between ₹ 4.2 Lakhs to ₹ 24.1 Lakhs (Source). Some important BCA project topics that will help boost your resume Blockchain developer After your BCA consider entering the blockchain industry. Although it is relatively new in comparison to other fields, it has generated a demand for skilled tech professionals. A blockchain developer is responsible for developing and optimising decentralised applications (dApps) and smart contracts based on blockchain technology, and understanding the architecture and protocols of the blockchain system. Digital transactions are becoming increasingly common and this necessitates the requirement of efficient infrastructure. This is where the blockchain industry comes in and many reputed companies like IBM, Accenture, and others are looking for blockchain managers and developers to join their team. To become a blockchain professional, you need to understand the term and its various tools. You must grasp some skills required for the profession, such as java, core backend development, smart contracts, solidity, and more. A Blockchain Developer’s salary in India ranges from ₹ 2.3 Lakhs to ₹ 20.3 Lakhs. (Source) Product manager A career in Product Management is another great choice for BCA graduates. Product management is the study of the various stages of product development along with its advertisement. Product managers are professionals who help companies in identifying, developing, and delivering products based on the needs of the consumers. In the past few years, the business market has become extremely competitive and fast-moving. In order to stand out, businesses are looking to launch newer software products. Consequently, they are on the constant lookout for expert product managers who can help them create and deploy new products quickly. This is a highly lucrative field so if you have a liking for software and management, pursuing a Product Management course can be your best bet. A Product Manager’s salary in India ranges between ₹ 6.0 Lakhs to ₹ 35.0 Lakhs. (Source) Also read How to get a job at Google after BCA? Higher education opportunities after BCA If you’re looking to get into managerial roles or highly paid job positions after your BCA, you can pursue an MCA or MBA course as it helps in upskilling you and prepares you for the leadership roles in the IT and other related sectors. Master of Computer Applications (MCA) As far as higher studies after BCA is concerned, the most natural thing for candidates is to opt for MCA. It is a post-graduate level course in computer applications. The programme enables the students to delve deeper into the field and acquire knowledge of the various software technologies and development tools needed to succeed in the field. After MCA, you can apply for various jobs related to software development in top-tier organisations. The most common job profiles include network engineer, system analyst, database administrator, software engineer, etc. Master of Business Administration (MBA) This is another popular course that can be pursued by a BCA graduate looking to increase their earning potential or land in managerial and other leadership roles. There are various specialisations in MBA including Finance, marketing, IT & Fintech, analytics and data science, etc., and one can choose any specialisation that they think boosts their career. Certifications you can take up A Cisco Certified Network Professional or CCNP is an IT certification by Cisco systems. It is great for network engineers and administrators and network operations specialists. These certifications can add increased value to your resume and help you land lucrative jobs. You can check out 10 reasons you should enrol for an online BCA degree course Online Manipal is your first choice for top-grade online degree programmes Online courses have gained tremendous popularity in recent years and many esteemed universities and learning platforms have started providing online degrees and certifications that help individuals to complete their studies from the safety and comfort of their homes. Manipal University Jaipur (MUJ) provides online graduate and postgraduate degree programmes in various specialisations. The university is NAAC A+ accredited and all the courses offered are UGC entitled. Learn about Online Manipal’s online degree courses Online Manipal has state-of-the-art Learning management system (LMS) where learners can access a vast e-learning content, live and recorded classes, interact with expert faculty, attend webinars from renowned scholars and so on. Online Manipal’s degrees are widely accepted by many hiring companies and institutions providing higher education.
