High-paying jobs in the BFSI industry & how MBA-BKFS can help you For people with a variety of backgrounds and skill sets, the BFSI (Banking, Financial Services, and Insurance) industry provides a wide range of employment prospects. The top positions in the BFSI sector include investment banker, financial risk manager, and bank manager, among many others. By giving students a solid framework in finance, accounting, risk management, and other pertinent fields, TAPMI’s online MBA in BKFS can aid people interested in pursuing a career in the BFSI sector. The online program by TAPMI provides advanced knowledge in banking, insurance, and financial services to help working professionals advance in the BFSI sector. To know more, read How can TAPMI’s online MBA-BKFS candidates switch to managerial roles in the banking sector? Opportunities in the new-age BFSI sector The BFSI (Banking, Financial Services, and Insurance) industry is among the most rapidly expanding sectors worldwide, with numerous career opportunities. Here are some of the ways that the BFSI business is producing more job opportunities: Growing Demand for Financial Services: As more individuals use financial services, more job possibilities for customer service agents, financial advisors, and investment bankers have arisen. Digitalization: The BFSI industry is increasingly adopting digital technology to provide clients with seamless and convenient services. As a result, new professional roles have emerged, such as digital marketers, software developers, data analysts, and cybersecurity experts. Risk Management and Compliance: Because the BFSI sector is extremely regulated, experts must manage risks and follow the rules. As a result, new job roles have emerged, such as risk managers, compliance officers, and internal auditors. Globalization: As the BFSI industry expands globally, job opportunities for experts who can navigate multiple markets and cultures have arisen. Overall, the BFSI industry is expanding job possibilities in a wide range of activities and skill sets, from classic professions like banking and insurance to new roles like digital transformation, innovation, and risk management. High-paying in the BFSI industry Here are some of the top job profiles for MBA BFKS graduates in the BFSI industry: Bank Manager A bank manager is a person in charge of managing a bank’s day-to-day operations. They are often in charge of overseeing personnel, establishing financial objectives, creating and putting into practice policies and procedures, and making sure that legal and regulatory requirements are met. Bank managers are crucial to providing excellent customer service since they are in charge of preserving good connections with clients and resolving any problems that may emerge. Financial Risk Manager A specialist in identifying, evaluating, and managing financial risks is known as a Financial Risk Manager (FRM). They conduct market, and financial data analyzes to create solutions to lessen the effect of prospective losses. FRMs are in charge of spotting potential risks like credit risk, market risk, and operational risk, as well as creating strategies to lessen those risks. Additionally, they create risk management policies and processes and make sure requirements are followed. Investment Banker An investment banker is in demand as a profession nowadays and is accountable for handling initial public offerings (IPOs) and choosing the best mergers and acquisitions at a reasonable cost and value. With their analyses, they assist in raising capital. The development of financial risk models by investment bankers also aids in the organization’s decision-making and growth. Fund Manager A fund manager’s job is to develop, plan, and carry out investing strategies for a particular fund. Fund managers analyze markets, talk about customer needs, and adjust their investment strategy as they oversee the fund’s portfolio trading activity. According to the fund strategy, the fund managers conduct research on, buy, and sell the finest stocks, bonds, and other securities. Financial Advisor A financial advisor is a specialist who offers direction and counsel on wealth management, investment strategies, and financial planning. They assist people, families, and organizations in achieving their financial objectives, such as putting money aside for retirement, purchasing a home, or paying for a child’s education. To create a personalized financial plan, financial advisors evaluate a client’s financial condition, including their assets, obligations, income, expenses, and risk tolerance. Insurance Advisor An insurance advisor is a specialist who counsels both individuals and corporations on insurance plans. They assist clients in determining their insurance needs and make recommendations for suitable plans to guard against potential dangers, including property damage, bodily harm, or financial loss. Portfolio Manager Individuals are solely accountable for handling the finances of hedge funds as portfolio managers (pooled money of an enterprise). They must constantly research the state of the market and assist clients in attaining their defined financial goals. Credit Risk Analyst A credit risk analyst is a specialist who assesses a person or organization’s creditworthiness to determine the risk of lending them money. To assess the risk of a borrower defaulting on a loan, they examine financial data, credit reports, and other information. Credit risk analysts are employed in a range of sectors, such as banking, lending, and insurance. How TAPMI’s online MBA-BKFS helps you launch a career in the BFSI industry? Opportunities abound in the banking and financial services area for those who have access to the most recent technology and are knowledgeable about its details. Many career-focused people have chosen TAPMI’s online MBA – BKFS program as their top choice. The online program provides four relevant industry-oriented electives that open up several high-paying jobs in the BFSI industry. Online students can now achieve our flagship MBA BKFS degree and successfully move to a leadership position while remaining at home, working full-time at a discounted introductory batch fee. The strong industry connections and the alumni network of TAPMI can also offer students helpful career advice and networking possibilities. Overall, a TAPMI’s online MBA in BKFS can give students the information and abilities needed to succeed in the fast-paced and cutthroat BFSI sector. To know more, read Why are MBA-BKFS graduates sought after?
How can I enter the health insurance sector with an MBA? A health insurance policy is a type of policy that helps families or individuals cover medical costs and treatments. It works by having people or groups pay monthly fees to an insurer in exchange for reimbursement of expenses such as hospitalizations, doctor visits, prescription medications, and other healthcare services. Doing an MBA in the healthcare management can be a great way to hone your business expertise and experience within this sector. Before venturing into any field, it is essential to do your due diligence. Research various types of health insurance businesses, their business models, and the regulatory environment they operate within. Here are some ways you can break into this lucrative field: Develop specific skills for the industry: To succeed in the healthcare insurance business, you’ll need to be familiar with the fundamentals of healthcare financing, such as risk management and data analysis. Take courses or obtain accreditation related to these fields. Meet professionals in the field: Attend industry events, join professional associations, and contact professionals in the field for informal interviews. Networking can give you more insight into the field and even lead to employment opportunities. Internships and entry-level positions: Consider starting your career with an entry-level job or internship to gain experience within the field. Doing so can enhance your abilities and knowledge while building connections within the industry. Consider enrolling in a special MBA program: Many MBAs offer healthcare management and administration concentrations. By doing so, you will gain knowledge and abilities tailored specifically to the healthcare insurance sector. Include relevant experience on your resume: When applying for positions in health insurance, make sure to highlight any relevant experience you’ve acquired, such as courses, internships, or other projects related to financing healthcare and risk control. Here are the 10 reasons to choose an online MBA. Prospects in health insurance for MBA graduates MBA graduates interested in health business could find plenty of career opportunities within this rapidly growing industry. With the right combination of knowledge, experience, and connections, MBA graduates may be able to create lucrative careers within this growing sector. Here are some reasons why: As healthcare costs rise, demand for health insurance services is expected to increase. This presents an excellent opportunity for MBA graduates with expertise in healthcare management, finance, and strategy. Healthcare is highly regulated, and any changes in the law could have a major impact on insurance companies for health. MBA graduates with expertise in healthcare policy and regulation can assist businesses in navigating these shifts. Health insurance companies collect and analyze vast amounts of data to minimize risk and make strategic decisions. MBA graduates skilled in data analysis or business intelligence could be invaluable in this process. Health insurance is an ideal setting for innovation, particularly in telemedicine and digital health. MBA students with an entrepreneurial spirit and expertise in health innovations can assist businesses in staying ahead of the competition. MBA professionals with experiences in the insurance industry have many career options, such as managerial roles like business development or consulting. You may be interested to know more about career opportunities for MBA graduates in healthcare management in UAE. Duties and responsibilities of MBA graduates in health insurance The duties and responsibilities assigned to MBA graduates from health insurance may differ depending on their role and employer, but here are some general examples: Planning for strategic growth: MBA students in the health insurance field may be responsible for devising and executing business strategies. This may entail researching market trends and potential growth avenues, then crafting tactics to boost profitability. Finance management: MBA students in health insurance may be accountable for managing the company’s financial resources, including forecasting, budgeting, and analysis. This may involve finding cost savings opportunities, managing investment portfolios, and ensuring the business complies with regulations. Risk management: Healthcare insurance companies face major risks, such as rising healthcare costs, regulation changes, and increased competition. MBA graduates skilled in risk management can assist businesses in identifying and managing these danger factors. Business development: MBA graduates in business development with a specialty in health insurance may be responsible for uncovering new business opportunities and cultivating relationships with healthcare providers and other stakeholders. This could involve conducting market research, negotiating contracts, and connecting to key decision-makers. Data analysis: Health insurance companies generate vast amounts of data, so MBA graduates skilled in data analysis and business intelligence are invaluable to helping businesses make informed decisions. This could involve creating strategies for data analytics, like creating dashboards and reports to monitor patterns and trends within healthcare use. Role of MBA healthcare management in health insurance An MBA healthcare management offers numerous advantages for professionals in this health insurance field. Here are a few major advantages that an MBA health management program can bring to those working within this space: Understanding of the healthcare industry: Earning an MBA medical management can provide professionals with a deep comprehension of the healthcare sector, including financing mechanisms and regulations. This knowledge is especially advantageous in insurance firms where an in-depth familiarity with healthcare systems is paramount. Business skills: MBA healthcare management programs typically equip students with strong foundations in business, such as marketing, finance, and strategies. These abilities can be used within the healthcare insurance industry by helping companies optimize their operations and boost profits. Leadership skills: MBA healthcare management programs typically include classes on management and leadership, equipping professionals with the abilities necessary to lead teams and make strategic decisions. This can be especially advantageous in healthcare insurance, where leadership abilities are essential for success. Opportunities for networking: MBA healthcare management programs typically allow students to network with professionals from the industry, such as alumni, guest speakers, and faculty members. This is an excellent way for individuals to connect and form relationships within health insurance. Career advancement: An MBA medical management program can allow professionals to progress in their careers within the health insurance sector. With the skills, knowledge, and networks acquired through this degree program, students are equipped with various career options, such as management positions, business development, or consulting roles. Conclusion Overall, an MBA in Health Management offers many advantages to professionals in this dynamic industry. By equipping you with detailed knowledge of the health industry and business-related skills such as leadership and networking opportunities, along with career advancement prospects through your MBA medical management program, you will be well on your way to success in this challenging yet rewarding sector. To apply for an online Master of Business Administration from MAHE, visit our website.
MAHE’s online programs: Benefit for Nepal & Bhutan students Students can benefit from online programs in several ways. The flexibility offered by online courses from MAHE for Nepal and Bhutan students is one of them. Students can complete coursework and attend classes from anywhere with an internet connection. By doing so, students can balance their education with work and family commitments. The cost of online programs is often lower than that of traditional programs. Students can save money on commuting, housing, and textbooks. Keep reading to learn more about the MAHE online programs admission process for Nepal & Bhutan. Online programs from MAHE for Nepal & Bhutan students MAHE offers a variety of online programs for students from Nepal and Bhutan. Some of the popular programs are: MBA for working professionals MAHE offers various online courses for Nepal and Bhutanese students such as an online MBA. Designed to provide students with a high-quality management education, this MBA program allows them to advance their careers while balancing work and other obligations. M.Sc. in Data Science Through Online Manipal, MAHE offers an online Master of Science (M.Sc.) in Data Science degree program. It provides students with advanced knowledge and skills in data science, including statistical analysis, machine learning, data mining, and extensive data analysis. Each semester lasts six months, and the curriculum consists of four semesters. M.Sc. in Business Analytics MAHE offers an online Master of Science (M.Sc.) in Business Analytics program. In addition to data mining, statistical modeling, and data visualization, students will gain advanced knowledge and skills in business analytics. Studying from anywhere worldwide is possible thanks to the program’s online delivery. Four semesters are offered, each lasting six months, as part of the program’s curriculum. PGCP in Business Analytics MAHE offers a one-year postgraduate certificate program in Business Analytics through its online platform. The curriculum includes business statistics, data visualization, data mining, predictive modeling, machine learning, and big data technologies. Know more about the scope of business analytics in emerging markets. PGCP in Logistics & Supply Chain PGCP in Logistics & Supply Chain from MAHE provides students with a comprehensive understanding of logistics and supply chain management. This completely online program has a flexible schedule and a one-year duration. Lectures, case studies, and interactive sessions with industry experts comprise the curriculum’s four modules. MAHE’s online programs’ eligibility criteria for Nepali & Bhutanese students MAHE offers online programs in management, data science, and business analytics. The university also provides scholarships for Nepal and Bhutan students along with MAHE’s online programs. Nepalese students who wish to apply to MAHE’s online programs must meet the following criteria: Educational qualification: MAHE’s online programs require a bachelor’s degree or equivalent as the minimum educational requirement. Degrees should be from a recognized university in Nepal or elsewhere. Work experience: MAHE offers some online programs requiring work experience, especially in management and business. Depending on the program, a minimum of work experience may be required. Internet requirement: The applicant should have access to a computer with a reliable internet connection to participate in online classes and complete assignments. You should check the eligibility requirements to apply for scholarships for Nepal and Bhutan students in MAHE online programs. Students from Nepal must also meet the requirements for obtaining an Indian student visa. Following Indian government policy includes providing passports, academic transcripts, and financial documents. Also read: How Online Manipal is helping learners from Nepal MAHE online programs admission process for Nepal & Bhutan The MAHE online programs admission process for Nepal & Bhutan is as follows: Complete the application form by paying the application fee of INR 2000 and filling in your basic details, education details, and work experience Submit the application by paying the semester fee and uploading documents required to validate your education, work experience, and other details Upon successful submission, your application for the online program will be evaluated by the Admissions team of MAHE. In case the university requires further clarification on your eligibility documents, you will be intimated via email You will get to know the status of your admission within 5-7 working days after submitting the application Once a decision is taken on the application, the admissions team will intimate the candidate via email on the status of their admission Before applying to MAHE’s online programs, check each program’s application process and the documents required. Do you know that Satya Nadella, CEO of Microsoft, is an alumnus of MAHE? Learn more about the the notable alumni of MAHE. Benefits of online learning for Nepal and Bhutan students There are several benefits of online learning for Nepal and Bhutan students, some of which are: Flexibility: Online learning allows students to learn at their own pace and according to their schedule. Nepalese and Bhutanese students can study and complete assignments conveniently and adjust their learning schedule to accommodate work and family commitments. Accessibility: Nepal and Bhutan may not have access to high-quality education, which online learning provides. Cost-effective: Unlike traditional on-campus programs, online programs are typically more affordable since students don’t have to pay for travel, accommodation, or other related expenses. Students who cannot afford to study abroad will find it attractive since it is an affordable alternative. Diverse learning environment: In online learning, students can interact with students from other parts of the world, gaining a deeper understanding of diverse cultures and perspectives. Develops digital skills: With online learning, students must use digital tools and platforms, which helps them develop digital skills and familiarity with technology, which is increasingly essential in today’s market. Check out to find out the reasons why MAHE is the best institution for online learning. Job roles & salaries after online programs from MAHE Students from Nepal and Bhutan who complete online programs from MAHE may have different job roles and salaries based on the program, the industry, and experience. Different industries have different job roles and salaries. Here are some examples: Management: Graduates of online MBA programs may land jobs such as Business Development Manager, Marketing Manager, Human Resources Manager, Operations Manager, etc. Nepali salaries may range from 50,000 NPR to 150,000 NPR per month, while Bhutanese salaries may range from 50,000 BTN to 150,000 BTN per month. Engineering: Civil Engineers, Mechanical Engineers, Electrical Engineers, Software Engineers, and others can be found as graduates of online engineering programs. These roles are estimated to earn between NPR 30,000 and NPR 100,000 per month in Nepal and between BTN 30,000 and BTN 100,000 per month in Bhutan. Healthcare: Online healthcare graduates may find employment as Nurse Practitioners, Healthcare Managers, Medical Transcriptionists, Health Informatics Specialists, etc. In Nepal, salaries for these roles may range from NPR 20,000 to NPR 80,000 per month, while in Bhutan, salaries may range from BTN 20,000 to BTN 80,000 per month. Finance: Students who graduate from online finance programs may find employment as Financial Analysts, Investment Bankers, Financial Planners, Accountants, etc. There is an average salary between NPR 30,000 and NPR 120,000 per month in Nepal and between BTN 30,000 and BTN 120,000 in Bhutan for these roles. Conclusion Among the benefits of online learning for Nepalese and Bhutanese students are flexibility, accessibility, diversity, cost-effectiveness, self-paced learning, technology skills, and global exposure. MAHE’s online programs provide a high-quality education that can prepare students for various career paths, and this can be a way for how online education from MAHE helps Nepalese and Bhutanese students to study abroad. Students should carefully research and select the program that aligns with their career goals and interests to maximize their success. To know more about the MAHE online programs admission process for Nepal & Bhutan, visit the Online Manipal website. Note: Please ensure that the online program you enroll in is recognized by the higher education regulator in your country, as the approval of online programs is subject to their recognition.
Key skills required for an Information System Management career Information System Management (ISM) involves the study of persons, technology, and organizations, as well as their interactions. ISM specialists assist businesses in getting the most out of their investments in people, technology, and operational procedures. For the management of data, they develop information systems. ISM experts can play a significant role in areas like information security, integration, and exchange by cooperating with other members of their work group as well as with their customers and clients. Scope for a career in Information System Management The vital function that ISM plays in the operations of a business is a great boon for individuals entering the industry. Business managers can use technology to apply information to decision-making by using MIS tools. Organizations require ISM specialists who can maintain their networks and databases and convert the data from these systems into useful business insights as they continue to move more and more of their activities on digital platforms. An overview of the skills needed in this field The following are some of the skills required for success in the field of Information System Management: 1. Technical skills for ISM Knowledge of information technology (IT) systems and software: It is crucial to possess a strong basis of understanding and expertise in information technology (IT) systems and applications to flourish in a career in information system management. Ability to analyze and interpret data: Making informed decisions that will benefit your organization requires careful data analysis and interpretation. Understanding of network and database management: Information system managers are in charge of making sure that the network infrastructure of their company is safe, reliable, and stable Experience with coding and programming languages: Information System Managers can interact with IT specialists more effectively if they have some coding and programming experience. 2. Management skills for ISM Ability to lead and manage teams effectively: To ensure that the organization’s IT systems are operating effectively, you will be responsible for organizing and leading teams of IT specialists. Strong communication and interpersonal skills: Working with stakeholders from different organizational departments and levels will be a requirement of your job as an information system manager Knowledge of project management methodologies: Information system managers are in charge of overseeing intricate IT projects with several stakeholders and a lot of planning. Strategic thinking and decision-making abilities: Information system managers need to adopt a strategic attitude to match IT with the organization’s business goals. 3. Analytical skills for ISM Ability to identify problems and find solutions: The organization’s IT problems will be your responsibility as the information system manager to resolve. Strong critical thinking and problem-solving skills: Information system managers need to be adept at deciphering complicated data to find patterns and trends that will guide their choice of IT solutions for the firm. Attention to detail and accuracy in data analysis: Information system managers must ensure data accuracy and completeness. Ability to use data to make informed decisions: Information system managers need to be adept at deciphering complicated data to find patterns and trends that will guide their choice of IT solutions for the firm. 4. Business skills for ISM Understanding of business operations and strategy: To make sure that the IT systems and procedures are in line with the organization’s objectives, information system managers must be familiar with the business operations and strategy of the organization. Knowledge of financial management and budgeting: Information system managers are in charge of overseeing IT initiatives, which necessitate cost monitoring and budgeting. Ability to align technology solutions with business objectives: For an organization to grow and succeed, information system managers must be able to match technological solutions with its business goals. Ability to communicate technical information to non-technical stakeholders: To guarantee that IT systems meet their demands and objectives, information system managers must be able to explain technical concepts to non-technical stakeholders. Check out: Role of information system management in digital age Develop essential skills with an online MBA in ISM You can acquire the necessary skills for a job in information system management by earning an online MBA in information system management (ISM) from Manipal University Jaipur (MUJ). The following are some advantages of earning an online MBA in ISM from MUJ: Advanced curriculum: Students can gain in-depth knowledge and skills in ISM through the online MBA in ISM program offered by MUJ as it covers key concepts such as software engineering, network management, cybersecurity, and database management. Flexibility: It allows students the flexibility and convenience to attend other personal and professional commitments. Employment opportunities: MBA ISM graduates are prepared for professions in various industries with the necessary knowledge and abilities. Networking opportunities: The online MBA in ISM program allows students to interact with peers, teachers, and business leaders, enabling them to create a professional network in the sector that’ll help them get a broader perspective of the industry and career opportunities. Also read: What can I do with an MBA in information system management? Conclusion Information System Management professionals are in great demand as they help optimize the value of information management solutions and reduce costs while boosting process integrity and efficiency. With this degree, you can become a leader in any organization that uses information and technology. It enables you to design and deploy innovative technologies, lead initiatives to expand organizations’ information management capabilities, and successfully satisfy users’ information needs. It also equips you with the skills and expertise you need to operate high-value information resources. Go ahead, and check out Online Manipal website for the best online ISM program.
Maximizing medical reps’ career growth The pharmaceutical industry is a sector of the economy devoted to researching, developing, producing, and distributing medications for human or animal consumption. Government agencies such as the Ministry of Health & Family Welfare and the Department of Pharmaceuticals oversee drug approvals and safety. Pharma companies continue to substantially impact healthcare, even in the face of numerous difficulties and obstacles. Their products provide vital treatment for various illnesses and conditions. Who are medical representatives? Medical representatives also referred to as pharmaceutical sales reps, are professionals employed by pharmaceutical companies as they have learned pharma sales manager skills. They are responsible for marketing and selling prescription medications, medical devices, and other health products to healthcare professionals such as nurses, doctors, and pharmacists. Medical representatives’ duties include informing healthcare professionals on the advantages, risks, and proper usage of specific products they carry out. Furthermore, they help build connections with these professionals and identify potential clients. Medical representatives learn pharma sales manager skills to promote their products to medical professionals, which can result in new sales and increased market share. In sum, medical representatives play a vital role in ensuring pharmaceutical products are advertised, sold, and used safely and securely. Learn more about the top 5 reasons to choose the MAHE MBA program. Growth potential for medical reps Medical professionals with pharma sales manager skills have enormous growth potential within the pharmaceutical industry. Some possible careers for medical representatives within this field include: Medical representatives: Medical representatives are typically entry-level positions in medical sales. Their responsibilities include marketing and selling medicines to healthcare professionals such as nurses, doctors, and pharmacists. Senior medical representative: In this position, they are accountable for managing an area or even a team, creating and executing sales growth strategies, and training and supervising younger employees. Sales managers: In this role, employees are accountable for supervising medical personnel and creating strategies and targets to drive sales growth. Furthermore, they must recruit and educate new hires on company policies and procedures. Regional sales manager: Regional sales managers are accountable for overseeing sales within a given geographic region. Furthermore, they manage multiple sales teams and guarantee that regional targets are achieved. Director of sales: As director of sales, you are accountable for creating and implementing strategies to drive sales throughout the organization. You may oversee multiple teams and be held accountable for exceeding sales objectives while creating new business opportunities. Vice-president of sales: In this position, they are accountable for creating and implementing sales strategies across their organization, managing large teams of sales professionals, and driving growth in revenue. You may be interested to learn more about MBA Pharmaceutical Management. Will an MBA in Pharmaceutical Management be a game changer for medical reps? Here are some ways an MBA may benefit in achieving career progression for medical representatives: Develop business skills: An MBA program provides a thorough education in business topics like marketing, accounting, finance, and strategy. Medical representatives with pharma sales manager certification can gain a comprehensive insight into how their company runs and make informed business decisions. Gain expertise: An MBA in Pharmaceutical Management provides specialized knowledge of this sector, covering topics like drug development, regulatory affairs, and healthcare policy. Expand your career options: An MBA with a concentration in Pharmaceutical Management can offer medical representatives many career prospects, such as positions in marketing, medical affairs, market research, and business development. Increase earning potential: Medical reps with MBA degrees typically have higher earnings than their non-MBA counterparts due to their superior business skills and knowledge. Build a professional network: An MBA program offers medical professionals the chance to cultivate their professional network, which can be extremely beneficial when looking to advance their careers. What you can learn from an MBA in Pharmaceutical Management Here are a few major topics and subjects that could be covered in an MBA Pharmaceutical Management course: Management Principles: This course introduces general management concepts such as leadership, organizational behavior, human resources management, and marketing. Pharmaceutical Marketing and Sales: This pharma sales manager certification examines the sales and marketing tactics utilized within the pharmaceutical industry, such as branding, market research, pricing, distribution, and promotion. Regulatory Affairs: This course will provide an overview of the policies and regulations governing the pharmaceutical industry, such as FDA approval procedures, patent law, as well as international laws. Pharmaceutical Supply Chain Management: This course examines the pharmaceutical industry’s supply chain and logistics aspects, such as distribution, inventory control, and quality assurance. Healthcare Policy and Economics: This class provides an introduction to economics and healthcare policy, covering financing costs, reimbursement processes, as well as cost-efficiency analyses. Pharmaceutical Product Development: This course will provide an overview of the drug development process, from pre-clinical research to clinical trials and obtaining drug approval. Pharmaceutical Operations Management: This course explores the operational and manufacturing elements of the industry, such as production scheduling, quality control procedures, and safety regulations. Biostatistics: This course examines the statistical techniques utilized in clinical trials and other pharmaceutical research, such as study design, hypothesis testing, and data analysis. Ethics and Social Responsibility: This course emphasizes ethical concerns and social responsibility within the pharmaceutical sector, such as drug prices, access to healthcare, and corporate social responsibility. Scope of MBA in Pharmaceutical Management MBA graduates with a concentration in Pharmaceutical Management have numerous career options within the pharmaceutical industry. Top paying industries are healthcare and biotechnology, where a pharma sales manager can receive a handsome salary. Some of the most sought-after career prospects for medical representatives include: Sales and Marketing: MBA graduates in Pharmaceutical Management often find employment in marketing or sales roles that involve promoting pharmaceutical products to healthcare professionals and creating marketing strategies. A Pharma sales manager’s salary is around 5 lakhs. Business Development: MBA graduates may get a salary between 2 to 15 Lakhs in roles of business development, which involve identifying and assessing potential business opportunities, making agreements, and creating new partnerships. Research and Development: MBA Graduates with a science background are qualified for roles in research and development, where they develop new drugs or medical equipment. Salary in pharma research & development is between 2 to 7 lakhs depending on experience and skills. Regulatory Affairs: MBA graduates with pharma sales manager certification may find employment as regulatory affairs professionals and earn between 1.5 to 7 lakhs. They ensure that pharmaceutical products adhere to government guidelines and regulations. Conclusion Medical reps possess specialist knowledge about a particular therapeutic area or product category, allowing them to offer healthcare professionals valuable information while distinguishing themselves from competitors. To achieve amazing career progression for medical representatives, one may pursue advanced degrees like MBA in pharmaceutical management, healthcare management, or marketing. Manipal Academy of Higher Education (MAHE) is offering an online MBA with a specialization in Pharmaceutical Management, providing a convenient career advancement option for working professionals, such as medical representatives, in pharmaceutical sales and related fields. If you want to know how to become a pharma sales manager, visit the Online Manipal website.
Benefits of pursuing an M.Com degree in 2023 A PG degree in commerce is a popular professional path for those interested in pursuing a master’s degree following graduation. A Master of Commerce is a prestigious two-year postgraduate degree having an advanced curriculum offered by many renowned Indian institutions. An M.Com degree is typically pursued by students who want to better comprehend the fields of accounting, taxation, banking, finance, and insurance. They can earn specialized knowledge in their chosen sector and enhance their abilities in finance management through this curriculum. M.Com career prospects are diverse, making you eligible for lucrative positions across several industries. Also, many students opt for it because of the simplicity of finding a college that offers the degree. There are many ways to pursue an M.Com, including through distance learning, online learning, and traditional classroom methods. Online M.Com is the best choice for working professionals Working professionals who aspire to uplift their career paths whilst sustaining their professional and personal obligations should strongly consider an online M.Com degree. The following are the advantages of taking an online M.Com route: Flexibility Flexible scheduling and geographical options are available with online M.Com programs. Working professionals could access courseware and manage assignments at their preferred schedule, balancing their studies with their work and other responsibilities. Interactions on a global scale Students in online M.Com programs can interact with teachers and classmates from around the world. Working professionals can establish an invaluable connection with others in their industry with the aid of this networking. Cost-effective The cost of earning an online M.Com is frequently lower than that of a typical on-campus program. It is a more cost-effective choice for working professionals because it negates having to commute and lodging expenses. Access to quality curriculum Prestigious institutions and colleges frequently offer online M.Com degrees, giving working professionals access to high-quality and industry-relevant curricula from the convenience of their own homes. Customization Several online M.Com programs provide a wide variety of elective courses, enabling students to customize their PG degrees to their unique interests and professional goals. The skill sets that working professionals would need to thrive in their present or future employment can be acquired with the aid of this customization. Also read: How B.Com students impact e-commerce industry Advantages of doing an M.Com degree Anyone, from a young graduate to a practicing attorney, can now enroll in an M.Com course in line to get specific knowledge and abilities that can increase your competitiveness as a job applicant. The benefits of pursuing an M.Com degree are as follows: Gain advanced knowledge M.Com offers advanced expertise in several business-related fields, including accountancy, banking, taxation, finance, economics, and management. Students can better comprehend these topics and become more prepared for higher positions in business, thanks to M.Com specializations. Personal and professional growth The pursuit of an M.Com degree demands commitment, control, and labor. Students gain a variety of skills that they can use in both their private and professional lives, including the capacity to articulate effectively and analytically. Students can experience an overwhelming feeling of achievement and self-improvement. from an M.Com degree program. Competitive edge An advanced degree like an M.Com can illustrate proof of your dedication to your field and financial commitment to your study. This can be particularly useful in fields with fierce competition where specialized credentials are frequently required or favored. You can gain the specialized knowledge, expertise, and credentials you need to thrive in your chosen field and offer yourself a competitive advantage when seeking employment. Broader career prospects Many employment options in the public and commercial sectors are available to those with an M.Com degree. Graduates can work in a variety of related professions, including accountancy, auditing, banking, finance, and insurance. Students can advance in their existing careers with the aid of an M.Com degree. Higher earning potential An M.Com degree might result in higher earnings and improved employment opportunities due to its high level of specialization. Those with an M.Com qualification are highly sought after and can earn more money than those with bachelor’s degrees in commerce. M.Com salary expectations vary from one job to another. A chartered accountant in India, on average, earns 6.3 lakhs per annum. An investment banker earns around 4 lakhs a year in India. Average salary is 7 lakhs per annum for a Marketing Manager. Develop research and analytical skills Coursework in research technique, statistical analysis, and data interpretation is frequently included in M.Com degrees. These sessions give students the information and abilities needed to conduct the research efficiently and analyze data. Also, students with M.Com degrees must often do a research study or thesis. This entails deciding on a research topic, investigating, analyzing the data, and outlining the conclusions. It aids students in developing their research and analytical abilities by using them in a practical setting. Check out: Top job roles to explore after M.Com Top companies that hire M.Com graduates M.Com grads may find work opportunities in a range of sectors, including banking, consulting, accounting, finance, and more. The following are a few of the top employers of M.Com graduates: Deloitte EY (Ernst & Young) PwC (PricewaterhouseCoopers) KPMG Accenture Wipro Infosys TCS (Tata Consultancy Services) IBM Amazon It’s crucial to keep in mind, however, that hiring procedures might differ by field and geography, and job chances may also be based on a person’s specific talents, experience, and qualifications. Researching job openings in your chosen field and area is usually a smart idea to locate the ideal match for your abilities and professional aspirations. Note: The Information about the companies listed above is subjective and is not an indication of their current hiring status. Applicants must do their research and check for openings in the respective companies. Upskill and advance your career with MUJ’s online M.Com degree The online M.Com program offered by Manipal University Jaipur gives students a thorough grounding in all business, financial, and commerce subjects. You’ll gain a deep understanding of important business concepts, enabling you to address issues in the real world and offer resourceful solutions. Also, you can develop a deeper understanding of key business processes by taking courses that address technical accounting and financial processes, the company’s legal framework, export and import legislation, economic planning, and other business-related topics. The university’s highly qualified professors design the online M.Com coursework and study materials and deliver the sessions. The e-learning material can be accesses from any location at any time using an internet-connected device thanks to the state-of-the-art LMS (Learning management system). Governments, businesses, and academic institutions all recognize Manipal University Jaipur’s online M.Com degree as a requirement for employment, higher education, and prospective opportunities. Conclusion The world of commerce is incredibly intriguing and diversified. Anyone who wishes to work for the top organizations and industries in the business may find getting a degree in commerce to be a wise decision. M.Com is a superior option for people aspiring for the greatest positions in the industry. As a result, this two-year master’s degree has been added to the educational offerings of all of India’s top management institutes. Look for the best online M.Com profession prospects in this quickly evolving market to assist you and earn top grades. We hope this article has answered all your questions about the advantages of an M.Com degree. Participate in an online M.Com program at Online Manipal to stay current and guarantee yourself a successful prospective career.
International job opportunities after BBA Ever wanted to join the management team of a company or business abroad but didn’t want to wait till you obtained your MBA? Getting a BBA (Bachelor of Business Administration) is the simplest way to get started. While most degrees, particularly those at the bachelor’s level, focus primarily on theory, BBA degrees combine theory with applying practical knowledge and personality development. This program can prepare you for a prosperous future if you think you have a mindset that can generate a business model or focus on streamlining corporate operations. In addition to teaching students about the complexities of management, a BBA degree is highly respected both domestically and internationally. A BBA degree might be helpful for job seekers looking for chances abroad because it offers a firm foundation in business management, administration, and managerial skills, which are important in many international corporations. If the learners have a penchant for management, this is among the few degrees that enable them to secure high-paying management jobs abroad immediately after receiving their bachelor’s. What skills will help you get international business jobs after BBA? A BBA degree holder must balance skills, knowledge, and experiences to land a job overseas. Some of the abilities that might be useful include the following: Administration skills International businesses seeking employees who can administer and execute their operations efficiently place a high value on administrative skills. Managing teams and overseeing projects are frequent duties of administrative positions. Strong communication and interpersonal skills Good interpersonal and communication abilities can help you forge bonds with peers and customers when dealing with individuals from various linguistic and cultural backgrounds. Adaptability and flexibility You are equipped to overcome obstacles and perform well in your career overseas if you can adapt to diverse cultures, working conditions, and processes. Language proficiency You can interact more efficiently with teammates, employers, and customers if you are proficient in the tongue of the nation where you want to work. Leadership skills Leadership and cooperation abilities are crucial in today’s globalized workplace since employees frequently collaborate in varied teams across multiple time zones and locales. Cross-cultural awareness and sensitivity This is the ability to adapt to many cultures, interact efficiently, and form bonds with people from various racial, ethnic, and socioeconomic origins. This skill is useful while working with clients and coworkers from various cultural backgrounds. International job roles you can get after online BBA Graduates of an online BBA program might be prepared for a range of positions abroad. These are a few of the most sought-after overseas employment positions for BBA graduates: Business Development Manager Business Development Managers find and create new commercial prospects for a company across international borders. They must conduct market research and analysis, create and implement entrance strategies, and cultivate connections with possible partners and clients in various geographical areas. Online BBA helps you prepare for international business analyst jobs. Marketing Manager A Marketing Manager develops and implements marketing plans for a business or organization that conducts business internationally. They design and carry out marketing strategies that are catered to various markets and cultures to advertise the business’s products and services and raise the brand image. Human Resource Manager An international HR manager manages human resource activities for a global company that conducts business across borders. Their job comprises managing the hiring, training, and advancement of staff members throughout several regions in ensuring adherence to regional labor rules and regulations. Financial Manager The task of overseeing the financial operations of a global corporation or organization falls under the purview of International finance careers. Financial experts make sure that financial objectives are reached while adhering to global laws and standards by supervising financial operations in many nations. Sales Manager An international sales manager manages a company’s sales activities across various nations or regions. Their main duty comprises creating and implementing sales plans that support the company’s worldwide sales objectives. International Business Consultant An international business consultant offers knowledgeable counsel and direction to companies wishing to grow their operations internationally. They collaborate with businesses to create and put into action strategies that aid in achieving their global goals. Foreign trade and commerce jobs also include navigating the intricacies of global markets. Steps to find international jobs after BBA Following completion of your BBA, you can comply with these steps to get International business jobs abroad: Networking and building professional relationships Interact with your professors, peers, and alumni who are employed in the profession you seek. Make new relationships by attending conferences, employment fairs, and other meet-ups. You can find out about open roles and receive recommendations for job openings by establishing connections with experts in your sector. Researching and applying for jobs Explore the job market in the nations where you want to work. Utilize online job portals, social networking sites for professionals, and job-hunting engines to locate job openings and find possible employers. Put in applications for employment that fit your interests and talents. Preparing for interviews and assessments If you get called for an interview, prepare by researching the company, practicing your answers to common interview questions, and familiarizing yourself with the culture of the country where the job is located. You must prepare for interviews and other assessments to show your interest, dedication, and suitability for the work. Obtaining necessary visas and work permits Possible employers can verify that you’re legally eligible for employment in their country by seeing that you have the required visas and work permits. This may enhance the likelihood of being taken into account for job openings. Enhance your chances of getting a high-paying job abroad after an online BBA Manipal University Jaipur’s online BBA program is a perfect choice for students who choose to complete their BBA degree in the convenience of their own homes. Its online BBA curriculum is up-to-date and equips you for a variety of high-paying International careers abroad. Students who wish to pursue an online BBA from Manipal University Jaipur must have scored at least 45% in their 12th. You can take advantage of the cutting-edge and user-friendly LMS, FREE access to Coursera, first-rate student support services, and career support services when you enroll in any online degree program via Online Manipal. Key Highlights: A UGC-entitled degree from a NAAC A+ accredited university Free access to Coursera courses Duration – 36 months (15-20 hours/week) Course Fee – INR 1, 20,000 (INR 20,000each semester) Attractive scholarships EMI options for fee payment The bottomline Obtaining a Bachelor of Business Administration degree may be the best choice if you consider all of these factors and conduct some preliminary soul-searching. You will have access to a wide range of rewarding work opportunities in India and overseas following a BBA that will position you for career success and lead you in the proper route. So, prepare for an amazing educational and professional experience abroad by pursuing an online BBA degree. Online Manipal is the best platform to acquire a BBA degree as it equips you with in-depth business knowledge and skills necessary to land international business jobs.
Scope for business analytics grads in emerging economics Business analytics’ job in emerging markets is to analyze data and extract insights to enhance business operations, make better decisions, reduce costs, and boost profits. It involves cleaning, collecting, organizing, and visualizing information to draw meaningful conclusions. Businesses employ business analytics across different industries to detect trends, craft strategies, and optimize processes for increased efficiency. Analytics in business has seen massive growth over the last several years as companies seek ways to gain an edge. This amazing future of business analytics in emerging markets can be seen through an increasing need for analysts who can convert data sets into actionable information to make better decisions. Emerging countries are witnessing an increasing need for business analysts. As more and more companies in these nations adopt data-driven decision-making techniques and processes, there is an increasing demand for qualified specialists in this field. Check out to learn about key concepts in Business Analytics. Adoption of business analytics in emerging markets Business analytics is becoming more critical in emerging markets as companies strive to gain an edge over the competition and base decisions on data. A few factors are driving business analytics’ jobs in emerging markets. Increased availability of data: The rapid adoption of digital technologies, such as mobile devices and social networks in emerging markets, has resulted in business analytics job opportunities in developing countries. Rising competition: Market segments are becoming increasingly competitive as more companies enter the space. Companies must be able to analyze data quickly and make educated decisions based on that insight to stay ahead of competitors. Rising customer expectations: Customers in the emerging market have increasingly high expectations and that’s why the future of business analytics in emerging markets is secure. Business analytics can help companies better understand their customers to offer more pertinent offerings and services. Cost savings: Business analytics offers businesses the potential to save money through improved efficiency in their processes and procedures, leading to lower costs and greater profitability. Initiatives by Governments: Government agencies in emerging economies encourage businesses to use data analysis to stimulate economic development and growth. They offer incentives and financial assistance to firms that adopt data-based decision-making processes. You may like to know more about the job of an entry-level business analyst. List of emerging economies Business analytics job opportunities in developing countries are increasing in emerging nations as data analytics becomes increasingly crucial across numerous industries. Here is a list by experts of some of the growing economies that will probably soon need the services of business analysts: China: China has become a major force in the international economy. It increasingly turns to data-driven decision-making for the banking, e-commerce, and healthcare sectors. India: India boasts an expanding tech sector, and data analysis is finding widespread adoption across various fields, such as healthcare, finance, and eCommerce. Indonesia: Indonesia is home to an estimated 700 million citizens and is the 4th largest country globally. As its digital economy blossoms rapidly, Indonesia urgently requires experienced data analysts. Brazil: The largest economy in Latin America and is seeing increasing adoption of data analytics across industries like banking, e-commerce, and healthcare. Mexico: Mexico’s economy is one of the key components in Latin America, and they see an uptick in analytics-based decision-making across sectors such as manufacturing, finance, and e-commerce. Turkey: Turkey’s economy is expanding rapidly, leading to an expansion of data analytics across industries such as finance, retail, and healthcare. South Africa: It is one of the biggest economies in Africa and is seeing an exponential rise in data analytics applications across industries like healthcare, finance, and e-commerce. The Philippines: The Philippines’ economy is rapidly developing, driven by a rapidly developing digital economy that requires experienced data analysts. Know more about the future of business analytics in grown up markets like Canada. Sectors that are pioneering business analytics jobs in emerging markets Graduates in business analytics should look for job opportunities in developing countries, particularly: Retail and e-commerce: The rise of e-commerce and its increasing popularity in emerging economies have created a need for specialists who can analyze customer data, sales trends, and market conditions to make informed decisions. Finance and banking: Developing economies’ financial and banking sectors are rapidly digitizing. There is an urgent need for professionals with data analytics capabilities to reduce fraud risk, detect it early and improve customer service levels. Healthcare: Emerging countries are employing data analytics to enhance patient outcomes, reduce costs and better allocate resources. Manufacturing: There is an increasing need for experts who can apply data analytics to enhance supply chains, increase production efficiency and reduce costs. Public sector and government: Emerging economies are adopting data-driven decision-making methods for improved service provision, greater transparency, and reduced corruption. You would like to understand how MAHE’s online programs help students from Nepal & Bhutan. Demand for business analytics talents Over the past few years, India’s demand for skilled business analysts has grown rapidly. Here are some factors contributing to this surge: Growing digital economy: India is witnessing a meteoric rise in its digital economy, as internet users are predicted to surpass 90 million by 2025. This has created an exponential surge in business data, necessitating data analysts with expertise who can understand it all. Increasing adoption of data analytics: As more enterprises in India begin to recognize the power of data analytics for driving growth and improving efficiency, a need has arisen for more experts in business analytics who can assist them with interpreting information and making sense of it. Government initiatives: The Indian government is launching several initiatives to promote data analytics. One such program, Digital India, seeks to transform India into an increasingly digitally connected society and knowledge-based economy. Shortage of skilled professionals: India currently faces a shortage of highly competent business analytics specialists, necessitating skilled personnel. This shortage is expected to persist into the foreseeable future, creating fantastic opportunities for those with the right expertise. Opportunities for business analytics graduates As a highly sought-after field, business analytics offers many exciting career prospects for graduates with relevant experience and skill sets. Here are some potential career avenues for those in the field of business analytics in India: Consulting firms: India boasts an abundance of consulting firms that offer business analytics solutions to clients from various sectors. Graduates trained in business analytics can find employment as analysts or consultants within these organizations, helping their clients make data-driven decisions and enhance operations. IT and software companies: Software and IT firms in India now provide business analytics services to their customers. Positions available within these firms include data scientist, data analyst, or business analyst working on projects involving data analysis for their clients. Finance: India’s financial sector utilizes data analytics to promote expansion and enhance processes. Business analytics graduates can find positions within this sector as business analysts or data analysts working on projects based on data such as fraud detection, risk management, and customer analytics. E-commerce: Online retailers in India rely heavily on data analytics to gain insight into customer behavior and improve business operations. Business analytics graduates often work as business analysts or data analysts at these firms, helping optimize marketing and sales strategies. Healthcare: India’s healthcare sector increasingly relies on data analysis to improve patient outcomes and operational efficiency. Business analytics graduates may find employment as business analysts or data analysts who work on projects involving patient outcomes analysis, supply chain optimization, revenue cycle management, etc. Learn more to know about top business analytics jobs in 2023. Salaries in business analytics Business analytics’ salary in emerging markets is decided on experience, job title, industry, and location. Here is an overview of the typical pay rates for various positions within this field in India: Data analysts: In India, data analysts can earn anywhere from INR 300,000 to INR 800,000 annually, with an average salary of around INR 500,000 annually. Business analysts: In India, business analysts earn an average wage of approximately INR 800,000. Data scientist: Data scientists in India typically earn between INR 600,000 and INR 2,000,000 annually – or an annual salary of up to INR 1,200,000. Conclusion Overall, enterprise analytics across emerging markets has been spurred on by various factors such as increased access to data, increasing competition, rising customer expectations, and cost-saving initiatives from government initiatives. Business analytics’ salary in emerging markets is also growing with their demand in different industries. With data usage set to grow exponentially over the coming years, we expect even greater increases in enterprise analytics use across these emerging markets. As business analytics certifications are in high demand, Online Manipal University provides courses like MSc in Business Analytics and PGCP in Business Analytics.For improved business analytics jobs and professional development in emerging markets, consider the Manipal Academy of Higher Education’s (MAHE) online M.Sc in Business Analyst or PGCP in Business Analytics program.
Major differences between Business Analysis & Business Analytics Business Analysis and Business Analytics are similar terms but vary in their core meaning. Business Analysis is the qualitative and quantitative examination of a business requirement by splitting it into smaller problems and then recombining all the results to conclude. It is popularly known as the divide and conquer strategy. To understand the difference between business analysis and business analytics, experts suggest that Business Analytics is the study of business analysis and its every aspect. It deals with studying the processes involved in the analysis and the methods incorporated. Though many things are in common such as the key fuel for them is only and only data. Therefore the quote ‘Data is the new oil’ is apt here. Both are guided by facts and figures rather than intuitions and blind forecasts. This article will show the similarities, differences, applications, and key skills required to excel in Business Analysis and Business Analytics. What is business analysis? Business analysis is an explorative study of the business demands and ways to fulfill them feasibly. It involves identifying a business plan’s problems, possible loopholes, and shortcomings by keeping a futuristic vision based on past data and experience. The business analysis evaluates an organization’s operations, goals, and resources to identify problems and opportunities for improvement. The business analysis aims to understand a business’s current state and determine the changes needed to achieve its desired future. Business analysts use various techniques such as data analysis, process modeling, and stakeholder interviews to identify business needs and define requirements. These requirements can include changes to business processes, organizational structure, or technology solutions. Business analysis ensures that the organization’s resources are utilized effectively and efficiently to achieve its strategic objectives. Business analysis is analogous to the self-introspection of a business, which can assist in finding solutions to very tedious business issues. Click here to learn most popular Business Analytics techniques Applications of business analysis The business analysis finds its applications in every successful business model. The SWOT analysis of a company is done through the conclusions of business analysis. It does the (SWOT analysis is a procedural technique for finding a subject’s Strengths, Weaknesses, Opportunities, and Threats.) It is also used in government departments like railways and healthcare for requirement gathering and planning. It is used to document every detail and to make a report of the whole project by the team. What is business analytics? Business analytics uses statistical and quantitative analysis, data mining, predictive modeling, and other analytical techniques to extract insights from data and make informed business decisions. Due to the similarities, it is sometimes called the alias of data analytics. It is the procedural method of dealing with the huge amount of data collected in a business. It involves the steps such as fetching data, performing evaluation on it using the various data and business analytics tools, and then bringing out the conclusive insights from the data. Here the data is from the previous year’s performance relevant to the field of interest. ‘Those who do not learn from the past are bound to repeat it in the future’. Therefore business analytics is used to derive insights for the coming years’ plans and business models. The primary goal of business analytics is to use data to identify patterns and trends, understand customer behavior, and predict future outcomes. Business analysts use various data analysis tools and software platforms to collect and analyze large data sets and present the results in an easily understandable format. The insights generated from business analytics can optimize business processes, improve decision-making, and develop data-driven strategies for growth and success. Business analytics vs. Data Analytics Data analytics and business analytics are two connected but different disciplines. Data analytics: Large data sets are analyzed using statistical and computational methods to find patterns, trends, and insights that might guide decision-making. Such methods include predictive analytics, machine learning, and data mining. Data analytics can be applied to various industries, including marketing, finance, healthcare, and sports. Business analytics: On the other side, business analytics is a subset of data analytics concerned with using data to enhance company procedures and make data-driven decisions. Techniques like financial modeling, forecasting, and data visualization can be used. Businesses trying to boost revenue, save costs, and enhance operational efficiency find business analytics helpful. Read this article to know more about the difference between business analytics and data analytics. Applications of Business Analytics Business analytics tools are an important part of modern business operations, particularly in industries that generate large volumes of data, such as finance, healthcare, and e-commerce. Similar to business analysis, business analytics is applied in various domains, such as: Finance Government projects Human resources Banking etc You may like to know more about the applications of business analytics. Similarities of business analysis and business analytics Though both have some critical differences, they share some common things. Business-oriented: Both methods aim to evaluate, examine and improve the businesses. Every analysis is useless if it does not bring value to a business. Solution focused: Whatever process is done in a business has two main reasons. One is to increase the value, and the other is to find a solution. Based on data: Both are based on the data. The analysis results are proportional to the quality of the data fed. Difference between business analysis and business analytics The difference between business analytics vs. business analysis can be understood with the following points: Focus: Business Analysis is focused on processing and functioning, while Business Analytics focuses on data and statistics. Domain: Knowledge of the businesses and related domains is needed for Business Analysis, while knowledge of statistics and mathematics is required for Business Analytics. Outcome: Business Analysis improves quality by defining standards for different methods, while Business Analytics discovers the things that help improve the process. Know about the future of business analytics in Canada. Skills to excel in Business Analysis Following are the skills that are good to have for Business Analysis: Soft skills: Good speaking skills, managing teams, a research-oriented mindset, and good problem-solving qualities are needed to make a mark in Business Analysis. Good knowledge of tools: One should possess a basic knowledge of software development, maintenance, updating, etc. Document the details: Documentation, creatively presenting, and comprehending the analysis topic. Skills to excel in Business Analytics Following are the skills that are good to have for Business Analytics: Statistics: Business analytics has an optional prerequisite of the knowledge of statistics as it will help give an edge over others. Mathematical knowledge: Having good knowledge of mathematics and basic theorems related to statistics is a plus. Skilled presentation: Presentation of data and visualizing it in charts, graphs, etc., gives a better showcase to the business client. Read more about the must-have business analytics skills Conclusion To successfully operate a business, it is important to understand the difference between business analysis and business analytics. The blog suggests that business analysis primarily concerns identifying the business needs and requirements that will provide value to stakeholders. Conversely, business analytics primarily focuses on examining previous business performance, identifying issues, and predicting future outcomes to aid in making informed business decisions. If you’re keen to earn a formal degree in business analytics, enroll in online M.Sc. in Business Analytics program from Manipal Academy of Higher Education (MAHE). Offered on Online Manipal, the program covers various concepts in-depth. MAHE also offers a one-year online PGCP in Business Analytics. Check out the details and enroll!
The importance of building a strong LinkedIn profile for job seekers LinkedIn gives job seekers an unrivaled chance to present their abilities and interact with potential employers as the largest professional networking site in the world. A well-crafted LinkedIn profile can be a powerful tool in your job hunt, allowing you to emphasize your expertise, credentials, and achievements in a style that recruiters and hiring managers will find appealing. Building a good LinkedIn profile can raise your exposure and reputation and demonstrate your dedication to your field. Let’s find out more about the importance of building a strong LinkedIn profile. Importance of building a strong LinkedIn profile Listed below are some of the importance of creating a strong LinkedIn profile: Create a strong professional digital profile Your LinkedIn profile acts as a digital portrayal of your professional identity. It’s a chance to highlight your abilities, accomplishments, and experience. A compelling profile helps you to stand out from the crowd and catch the attention of potential employers. The primary advantage of having a solid LinkedIn profile is that it allows you to develop a professional online presence. The first thing recruiters and potential employers see when they search for your name online is your LinkedIn page. You can establish your professional credibility and develop trust with potential employers by creating a strong LinkedIn profile. Connect with industry professionals and experts LinkedIn is a professional networking site where you can connect with professionals in your sector. By developing a solid network, you can stay updated on current market trends, job vacancies, and other possibilities. With a solid LinkedIn profile, you can grow your professional network. You can access career prospects, market insights, and possible collaborators by networking with other experts in your sector or adjacent subjects. You can join LinkedIn groups relevant to your industry or hobbies to grow your network and interact with other professionals. Creating a solid LinkedIn profile can help you identify as an industry thought leader and enhance your exposure among potential employers. Feature your experience and skills You can present your abilities and expertise in a compelling and aesthetically appealing manner by building a solid LinkedIn profile. You can provide proof of your achievements and skills using multimedia, pictures, videos, and presentations. Also, post your professional accomplishments on LinkedIn, such as awards, publications, and certifications. By emphasizing your talents and expertise, you can boost your chances of recognition by recruiters and potential employers. Prospects for various jobs offers The possibility of work opportunities is one of the essential advantages of having a solid LinkedIn profile. Employing managers and recruiters frequently use LinkedIn to look for applicants with specific qualifications. You can boost your chances of getting discovered by potential employers by having a thorough and engaging LinkedIn profile. You can speed up the application process and enhance your chances of getting an interview by applying for jobs directly through LinkedIn or reaching out to potential employers or recruiters. Check out: Navigating the job market as an online student Essential components of an effective LinkedIn profile There are a few crucial elements that you must include in your LinkedIn profile to build a strong impression among recruiters or potential employers. These elements will assist you in developing your professional identity, highlighting your abilities and expertise, and increasing your exposure to potential employers. The following are the fundamental components of a successful LinkedIn profile: Professional headline: Your LinkedIn profile’s professional headline is just below your name. It should be a brief statement that outlines your professional experience and promotes your unique selling offer. Your title should be catchy and pique the interest of recruiters and hiring managers. Profile photo: A profile photo is essential to your LinkedIn profile. It should be a professional headshot that conveys the image you want potential employers to see. Your photograph should be of good quality, well-lit, and sharp. Background photo: Your LinkedIn profile’s header features a sizable banner image as your background photo. It should be an image relevant to your profession and reflects your brand. You can use this space to highlight your work, accomplishments, or personal interests. Professional summary: Your summary is a chance to describe your narrative and emphasize your professional experience. It should be a brief statement summarizing your professional objectives, experience, and unique value offer. Your summary should be entertaining and appealing, highlighting your most noteworthy accomplishments. Professional experience: Your job history and accomplishments are displayed in your experience area. Your job title, the name of the business where you worked, the dates of employment, and an outline of your principal duties and achievements should all be included in each job posting. To emphasize your most noteworthy accomplishments, use bullet points and, wherever you can, have numbers for your outcomes wherever you can. Education and certificates: Your academic accomplishments should be listed in the education part of your application. Include your degree and the institution’s name. You can also include any accolades or prizes you have achieved in school. Skills: Your skills area allows you to emphasize your strengths and the talents you wish to be recognized. Mix hard and soft abilities that apply to your career into your resume. Your best abilities should be included first since they will be the ones that stand out to potential employers. Recommendations: Referrals from coworkers and superiors can help you build a more assertive profile and demonstrate your abilities to others. Get advice from previous coworkers or managers, and make sure to reciprocate by providing references for them. Also read: How to leverage your online degree for career advancement Conclusion In conclusion, it is important for job seekers to have a significant LinkedIn presence in the digital era. It enables you to create a professional digital presence, highlight your talents and expertise, grow your professional network, and look for various career prospects. By incorporating essential aspects such as a professional headline, profile photo, summary, experience, education, talents, and recommendations, you can develop a captivating and engaging LinkedIn profile that attracts potential employers and helps you stand out in the competitive job market. Online Manipal provides various placement assistance to learners like resume building workshops and how to create strong LinkedIn profiles to help them become successful in their careers. Enroll for any online program on Online Manipal and pave your path towards success.
