Top Business Analytics Projects To Enhance Your Resume & Portfolio Posted on July 30, 2023October 31, 2023 by Online Manipal Editorial Team The fascinating world of data and AI has brought forth many scientific tools, algorithms, processes, and knowledge extraction systems to identify meaningful patterns from structured as well as unstructured data. The boom in data analytics in the last couple of years is only growing and will reach the next level with so many innovations in the artificial intelligence domain. If Data Analytics is something you fancy and want to get a solid foundation on this topic, then you must have a portfolio of data analytics projects to showcase. If you are wondering how to start with data analytics, we have here data analytics project ideas that are good for beginners as well as those who are in intermediate or higher levels. If you are a student, then our ideas could also be used for data analytics projects for students. Data analytics projects (Easy, Medium, Hard) To get started with data analytics project topics, you would first need to understand what level you are comfortable in and then decide whether you want to get on with data analytics projects for beginners, intermediate, or higher levels. Let us take a look at what it entails to do a project in these 3 levels: Beginner level – If you are someone who is just starting with data analytics, you must go through the data analytics project examples in the beginner section. These projects do not employ heavy application techniques, and their simple algorithms would let you move forward smoothly. Intermediate – Here, medium to large data clusters are taken and you need to have a sound foundation of data mining projects along with machine learning techniques. If this is something you are well-versed with, then you can work on the projects outlined in the intermediate section. Expert – This section is for industry experts where neural networks and high-dimensional data are worked with. If you have the blend of creativity and expertise required for such projects, then the data analytics mini project in the advanced section is for you. Easy or Beginner level projects Intermediate Level Projects Advanced Level Project Easy or beginner level projects Fake News Detection –If you know python then you could develop this data analytics project in python which can detect a hoax or false news that is generated to fulfil some political agenda. This news is propagated through social media channels and other online media. The model is built using the python language which can accurately detect the genuineness of a news item. You could use a PassiveAggressiveClassifier to build a TfidfVectorizer which can classify news into “fake” or “real”. EDA or Exploratory Data Analysis Project – This is the first thing a data analyst needs to do as part of their job. In this project, we look into data to recognize and identify patterns. Using data modelling techniques, you can summarize the overall features of data analysis. EDA could be done with or without the help of graphics. You could also use univariate or bivariate quantities to perform EDA. IBM Analytics community is a valuable resource if you want to delve into an EDA project. Sentiment Analysis – This analysis is used widely in online communities for reputation management of any brand or to perform competitor analysis using the R framework. This data analytics project in r will try to understand the opinions and sentiments of viewers based on the words they use. In this classification, classes are either binary (positive or negative) or multiple (happy, angry, sad, confused, disgusted, etc.). You could use the “Jane Austen” package with a relevant dataset. Using general-purpose lexicons like bing, Loughran, and AFINN and performing an inner join you could build a word cloud for the final display of the data analytics project report. Color Detection Project – This is a good data analytics project for students where they can build an interactive app to detect the selected color from an image. Many of us can not recognize or remember the name of a color since there can be around 16 million colours based on RGB values. Forecasting Sales for a New Car Design – This project requires a thorough examination of consumer needs and desires. You can work on a project to see if a new automotive design, color, or form will appeal to the target demographic. There are numerous autos on the market to assist you in determining the most popular vehicle. Predicting a Product’s Success – In this project, you will use your analytical skills to analyze whether a specific product will sell well in each market. You may, for example, concentrate on the entertainment industry. With thousands of hours of content distributed daily, determining which music or movie will do well is difficult. To make forecasts, you will need to leverage previous data and models. Insights From Employee Performance and Resignation Statistics – In this assignment, you will provide statistics to a corporation that can explain why employees depart. The intent is to use these insights to improve the company environment. You can consider the employee’s proximity to home, work culture, or job description. It would be best to weigh each element concerning the likelihood of resignation. Intermediate level projects Chatbots – Chatbots are an extremely useful tool in businesses as the huge surge of customer queries and messages can be handled by chatbots without slowing down business. Artificial Intelligence, Data Science, and Machine Learning are the three pillars of designing a chatbot. Chatbots can be trained using recurrent neural networks and intent JSON datasets. The main implementation could be done in python. Handwritten digit recognition – Machine learning enthusiasts widely use the MNIST datasets of handwritten digits. You use convolutional neural networks and do the real-time prediction of digits drawn on a graphical user interface. Gender and Age detection – You can build this interesting data analytics project in python which can predict gender and age by analyzing just one image. To do this project, you would need to know about computer vision and its principles. Advanced level project Movie recommendation system – The concept of recommending movies is complex and is based on the abstract click method. It requires a huge implementation of machine learning and accessing humungous datasets that include users’ movie browsing history, preferences, etc. You would need to use collaborative filtering to get a hang of user’s behavior and the R Framework along with the MovieLens dataset is a good fit for such projects. To channel through the datasets, you could make use of surprise model selection and matrix factorization too. Brands like Netflix use this method and it is a lot of grueling work even for industry experts. Credit Card Fraud Detection – Another data analytics project in r will need you to work with decision trees, gradient boosting classifiers, logistic regression, and artificial neural networks. By using the card transactions dataset, you can classify transactions on a credit card into fraudulent or genuine categories. Customer Segmentation – This is one of the most popular data analytics projects for companies as they need to create various groups of customers at the beginning of any of their campaigns. This project is an implementation of unsupervised learning and uses clustering to identify different segments of customers so that companies can target the customer base they need to. Customers are divided into groups based on age, gender, preferences, spending habits, etc. This is done to market to each group more effectively. You can use K-means clustering and visualize gender and age distributions. Become a Business Analytics expert with MAHE MAHE, through Online Manipal, provides a two-year MSc in Business Analytics program to educate aspiring business analysts. There is also the Online MBA – Business Analytics which is another master degree on rapidly expanding subject of business analytics, and it is designed for professionals who want to advance their careers in it. Students will learn how to use data to create company strategies, solve organizational problems, and provide accurate, data-driven customer service during the program.
How to get a job in human resources without work experience Posted on July 30, 2023July 31, 2023 by Sagar Kumar Human Resources plays a critical role in managing an organization’s most valuable asset – its employees. As businesses recognize the significance of maintaining a skilled and motivated workforce, the demand for HR professionals continues to rise. This article explores the demand for HR jobs, discusses strategies to secure an HR position without prior work experience, and highlights how pursuing an MBA in HR can be an ideal pathway to kickstart a successful career in this field. Consider a career in human resources if you want a position with competitive pay, room for advancement, and an opportunity to employ your people skills. There’s a never-ending demand for professionals in this field because the HR department exists across all companies and industries. Check out: MBA HR course details: Quick guide Demand for HR professionals In recent years, the HR domain has experienced significant growth and transformation. Organizations realize that effective HR management is essential for fostering a positive work environment, employee engagement, talent acquisition, and retention. As a result, the demand for HR professionals has risen across industries, making it an attractive career path for individuals passionate about people management and organizational development. According to the US Bureau of Labor and Statistics, employment for human resources specialists is projected to grow by 8 percent by 2031 and human resources managers by 7% percent by 2031. Check out: How to choose between finance, marketing, and HR specializations in MBA? Reasons to choose a career in human resources Career advancement possibilities: The key benefit of establishing a career in human resources is the potential to assist people in advancing their careers. You would be working to grow your career and those you hire as an HR manager. Job stability: Companies will always require a human resources department, even though they may occasionally need to dissolve or change departments. Employees receive assistance from human resources not only throughout the hiring process but also during their full employment with the organization with any issues or difficulties. Higher than average pay: Another excellent motivation to consider a profession in that sector is the high compensation. If you’re looking for high-paying work with room for advancement, think about a career in human resources. Strong position: A career in human resources involves making important decisions every day. The performance of a firm is significantly influenced by the human resources division’s capacity to recruit, develop, and support personnel. Networking: Those working in human resources deal with and come across many applicants with interesting job search strategies and various skills and specialties. They can develop a strong network of business contacts as a result. Also read: Why is an MBA in HR a top choice for many students? Best HR jobs to look out for The field of human resources is constantly expanding. Learn about some of the top entry-level HR careers that don’t require any prior experience. Human Resources Assistant: An HRA’s function and duties include maintaining records of hiring, training, and benefits; safeguarding personnel files; posting job postings; dealing with potential applicants; aiding newly hired employees with benefits enrollment; and assisting current employees in making plan changes. The salary of a HR Assistant can go up to ₹707k/ year. Human Resources Recruiter: They seek out possible applicants via their extensive network of relationships in the business, trade groups, colleges, and social media. The salary of a Human Resources Recruiter is around ₹577k/ year. HR Specialist: An HR professional will frequently examine applications and supporting documentation. Once workers are hired, they arrange interviews and finalize contracts. Additionally, managing employee relations concerns, leading training, and assisting with pay and benefits may be expected of a human resources specialist. The salary of an HR Specialist can go up to a staggering ₹1m/ year with experience. Payroll Management Assistant: The responsibilities could be entering payroll information into the computer system and monitoring employee work hours, preparing tax returns, taking care of direct deposits, taking care of wage garnishments, and employee scheduling. They are required to adhere to secrecy due to the sensitive nature of the personal information that is available to them. A payroll assistant’s salary can go upto a good ₹450k/ year with relevant experience. Employee Relations Analyst: This person aids in supervising and managing the organization’s human resources policies and practices. When looking into employee complaints and recommending disciplinary actions based on the results, employee relations analysts are the go-to people. An employee relations analyst typically earns ₹5.94 Lakhs/ year in pay. How does an MBA in HR help you get a HR job without any experience? An MBA in HR helps you to develop your Communication and Interpersonal Skills, which are necessary to deal with clients and employees. HRs are recognized for their interpersonal abilities. They frequently communicate with employees at all organizational levels and do it in a polite, clear, and friendly way. An MBA in HRM will help you gain theoretical as well as practical knowledge, improve your verbal and written skills by allowing you to participate in several interviews, make presentations, and assist in conflict resolution. Also read: Important concepts to learn during Human Resource MBA MBA in HR: An ideal way to get an HR job An MBA in Human Resources can be an ideal way to break into the HR field without prior work experience. Here’s why: Comprehensive HR knowledge: An MBA in HR equips students with a comprehensive understanding of HR practices, employment law, talent management, and strategic HR planning. This knowledge gives them a competitive edge in the job market. Internship opportunities: Many MBA programs include internships as part of their curriculum. These internships allow students to gain practical experience in HR roles and establish connections with industry professionals. Placement opportunities: Reputed business schools often have tie-ups with companies and offer placement opportunities to their MBA graduates. This facilitates entry into HR positions even for those without prior work experience. Networking and alumni support: MBA programs provide an excellent environment for networking with peers, professors, and alumni. The alumni network can be a valuable resource in securing job referrals and insights into HR job openings. Pursue an online MBA in HR from the renowned Manipal University Jaipur Kickstart a career in human resources by pursuing an online MBA in HR from renowned Manipal University Jaipur. Benefit from an industry-relevant curriculum designed to meet evolving HR demands. Learn from experienced faculty who impart theoretical and practical insights. Access webinars by industry experts for real-world exposure. Explore exhaustive e-learning content to enhance your skills. Enjoy flexible class timings to balance work and study. Leverage the placement assistance to launch a successful HR career. Choose Manipal University Jaipur for an enriching online MBA experience that propels you towards professional excellence in Human Resources. Conclusion Landing a job in Human Resources without work experience may seem challenging, but with dedication, networking, and the right approach, it is certainly achievable. Pursuing an MBA in HR provides a structured path to gain relevant knowledge, experience, and connections in the industry. With the growing demand for HR professionals, aspiring individuals should explore various strategies to make their mark in this dynamic and rewarding field.
MBA in Healthcare Management course details Posted on July 30, 2023February 27, 2024 by Sagar Kumar As the healthcare industry continues to grow, so does the need for professionals who can keep up with the pace of change. A Master of Business Administration (MBA) in health management is a great way to prepare for this. Healthcare is one of the fastest-growing industries in the world and with that growth comes increased demand for high-quality care, which requires efficient management. An MBA in healthcare management is an ideal way to develop those skills. It helps you build your knowledge of health insurance, hospital operations, and other aspects of healthcare management while also preparing you for careers outside of healthcare (for example, within private companies). Find out the best MBAs for healthcare professionals. MBA healthcare management – Overview Aspect Details Degree level Post graduate Course fee 2-10 LPA. Varies based on the university/institution Duration 2 years (full-time) Eligibility Bachelor’s degree in any discipline. Some programs may require work experience Admission process Entrance Exam (e.g., GMAT, GRE), Application, Personal Interview Top job roles Healthcare Administrator/Manager, Hospital Operations Manager, Healthcare Consultant, Pharmaceutical Product Manager, Healthcare Financial Analyst , Healthcare Marketing Manager , Medical Practice Manager Top recruiting industries Hospitals and Healthcare Systems, Pharmaceutical Companies , Medical Device Manufacturers, Healthcare Consulting Firms, Health Insurance Companies, Government Healthcare Agencies Top employers Apollo Hospitals, Fortis Healthcare, Max Healthcare, Manipal Hospitals, Columbia Asia Hospitals, Narayana Health, Religare Health Insurance, Medanta – The Medicity What is an MBA in healthcare management? Healthcare management is a booming industry and one of the fastest-growing fields in the world. With that growth comes increased demand for qualified managers who can handle the complexities of healthcare organizations. An MBA in healthcare management is an excellent way to prepare for this opportunity. An MBA in healthcare management is a two-year degree program that focuses on equipping students with the skills and knowledge needed to lead and manage healthcare organizations effectively. It combines essential business administration concepts with an in-depth understanding of the healthcare industry’s unique challenges and complexities. The curriculum typically covers areas such as healthcare policy, healthcare finance, strategic planning, operations management, healthcare information systems, and healthcare marketing. Graduates of this program are prepared to take on leadership roles in hospitals, healthcare systems, pharmaceutical companies, consulting firms, and other healthcare-related organizations, driving innovation and making informed decisions to improve healthcare delivery and patient outcomes. For those who don’t have time to attend classes on campus or want additional flexibility from their learning experience, an online MBA in healthcare management. MBA healthcare management – Syllabus The MBA healthcare management course is designed to provide comprehensive knowledge about the various facets of the healthcare industry, including healthcare economics and finance, strategic planning for healthcare organizations, health policy and regulatory issues, corporate governance in healthcare organizations, ethical issues in healthcare management etc. The curriculum also covers operational aspects of public and private hospitals, such as hospital marketing strategies, patient satisfaction surveys and customer service management techniques. The online MBA in healthcare management offered by Manipal Academy of Higher Education has a curriculum that helps learners gain valuable skills like strategic planning, financial management, and leadership by learning health informatics, hospital planning, infrastructure management, quality management in healthcare, and other key subjects. Here’s the semester-wise break down of various subjects: Semester 1 Managing People & Organizations Financial Reporting & Statement Analysis Managerial Economics Business Statistics Business Communication Semester 2 Financial Management Marketing Management Strategic Management IT for Business Business Leadership Research Methodology Semester 3 Management Accounting Legal Aspects of Business Specialization Health Informatics Quality Management in Healthcare Health Insurance Mini Project Semester 4 Entrepreneurship and Innovation* Sustainability Specialization Health Education & Communication Hospital Planning & Infrastructure Management Healthcare Operations Management Capstone Project You may like to know how an MBA healthcare management helps doctors. Skills you will gain from an MBA in healthcare management Earning an MBA in healthcare management equips individuals with a diverse set of skills that are essential for success in leadership and management roles within the healthcare industry. Some of the key skills you’ll gain from this degree program include: Business acumen: Strong business skills encompassing financial management, marketing, operations, and strategic planning, vital for efficiently managing healthcare organizations. Leadership and team management: Developing the ability to lead diverse teams, foster collaboration, and inspire others to achieve common goals in a healthcare setting. Problem-solving and decision making: Enhanced analytical skills to identify challenges, devise solutions, and make critical decisions that optimize healthcare processes and patient care. Healthcare policy and ethics: Knowledge of healthcare policies, legal aspects, and ethical considerations to ensure compliance and uphold the highest standards of patient care. Healthcare finance: Understanding financial concepts and budgeting in healthcare to manage resources effectively and drive financial sustainability. Healthcare marketing and branding: Skills to develop effective marketing strategies to promote healthcare services and enhance the reputation of healthcare organizations. Healthcare operations management: Expertise in streamlining healthcare operations, improving efficiency, and enhancing patient experiences. Why choose an MBA in healthcare management? If you are looking for a career in the healthcare industry, an MBA in Healthcare Management is the best way to get started. With an online MBA in healthcare management, you can take what you’ve learned in a degree and apply it to real-world situations while also learning how to run a business and manage people. With an MBA in Healthcare Management, you can gain a vast exposure to the industry, as explained below – An in-depth understanding of the healthcare industry One of the most important things that an MBA in Healthcare Management can do is help you understand how the healthcare industry works. You will learn about everything from billing processes to insurance regulations and much more. This knowledge will help you make informed decisions as a manager or leader in your field. Gain leadership skills One of the main goals of an online MBA healthcare program is to teach students how to lead others and manage teams effectively. This is especially true when it comes to being an effective leader within a healthcare organization because there are so many different departments involved that require different skill sets—and knowing how each one works will help you understand how best to motivate your employees and keep them engaged with their work. Understand how to manage and improve hospital operations With a focus on clinical, financial and administrative management, an MBA in Healthcare Management program will help you develop the knowledge and skills needed to optimize and improve business performance in healthcare organizations. You will learn about strategic planning, finance, human resources, information technology, marketing and management of healthcare organizations. Knowledge and skills needed to maximize success in healthcare organizations In addition to helping, you develop the knowledge and skills needed to optimize and improve business performance in healthcare organizations, the online MBA program will also prepare you for career advancement by providing an understanding of organizational behavior and leadership styles. Expand your global perspective through international study and internships The MBA in Healthcare Management can help you develop the skills that will enable you to lead a global healthcare system, whether it is in the US, Europe, or Asia. The curriculum includes a mandatory study abroad experience and an opportunity to travel the world while earning credits toward your degree. In addition to learning about other cultures and languages, you will also get valuable career experience from working alongside leaders from around the globe. Learn by doing with experiential learning projects An MBA in healthcare management offers experiential learning opportunities that allow you to apply what you learn in the classroom directly to real-world situations. You will engage in hands-on learning projects that will challenge you to think critically about healthcare management issues in your community or worldwide, so when you graduate with your MBA. Career options after an online MBA in Healthcare Management There are plenty of opportunities for you to work in the healthcare industry and improve people’s lives. Here are just a few of the most popular career paths: Hospital administrator It is a great option if you want to be in charge of major decisions at a hospital. You will need to have an understanding of the business side of healthcare, as well as the medical side. You will also need to be able to manage people and budgets effectively. Pursuing a hospital administration course or MBA healthcare management are best way to land in this role. Hospital CFO The Chief Financial Officer (CFO) manages all financial matters, including budgets, accounting and human resources. This position requires strong analytical skills and an ability to make difficult decisions under pressure. Pharmaceutical product manager Pharmaceutical Product Managers help bring new drugs from concept through commercialization by overseeing all aspects of drug development from idea generation through market launch. They must have extensive knowledge about pharmaceuticals and medicine and excellent interpersonal skills to work well with other team or department members. Healthcare management consultant A healthcare management consultant helps various organizations, including hospitals, clinics, and insurance companies, achieve their goals by offering services like strategic planning and system development. Healthcare executive A healthcare executive might work for a hospital or insurance company; they oversee all aspects of the company’s operations, from marketing to finance. Health information management director Health information managers manage all aspects of patient information systems at hospitals and other health organizations; they ensure that patient data is accurate and secure throughout the organization’s workflow processes. Healthcare financial manager Healthcare financial managers ensure that hospitals or clinics have enough money to pay bills without going into debt (or losing donors). Find out more careers after MBA in healthcare management. Who should choose an MBA in healthcare management? An MBA in Healthcare Management is for anyone who wants to work in a healthcare-related field but doesn’t want to go through the years of schooling required for a medical degree. If you are interested in working as a manager or administrator in a hospital, clinic, or healthcare facility, an MBA in Healthcare Management can help you achieve your goals. The MBA in Healthcare Management is the perfect path for you if you have a passion for healthcare management. You will learn how to manage complex organizations, develop strategic plans and implement them effectively, work with people from all walks of life and backgrounds, and more. Not only that, but a program from a reputed institution will teach you how to do it all with integrity and accountability. If you want to be your boss and run your own business, an MBA in Healthcare Management can help get you there. This program will equip you with the skills necessary to create new ventures or take over existing ones. It will teach you how to develop a business plan that works for your unique needs and goals – and then help you execute it flawlessly! Learn more about who should pursue an MBA in healthcare management. Eligibility criteria for MBA healthcare management Generally, to be eligible for the MBA in Healthcare Management program, you must have a bachelor’s degree from a recognized university with at least 50% marks. You must also have a good score in entrance exams and meet all other requirements. However, the eligibility criteria may vary based on the university you apply for. An MBA in Healthcare Management is not restricted by age and does not require prior work experience. However, we highly recommend applicants with relevant experience to help prepare them for the course. Admission process for MBA in Healthcare Management Register online: Begin the admission process by visiting the official website and registering by providing your basic details. Create a secure login ID and password for future access. Pay the application fee: Upon registration, you will be prompted to pay the application fee through a secure payment gateway. The application fee is necessary to process your application further. Complete application form: Fill in the application form with your educational background and work experience details. Provide accurate and up-to-date information to enable a comprehensive evaluation of your candidacy. Admission fee: Once your application is reviewed and accepted, you will receive an admission offer. Pay the admission fee for the first semester/year or for the entire program, as per the guidelines. Documents upload: Upload scanned copies of the required supporting documents, which may include: Academic transcripts and certificates Professional certificates and licenses (if applicable) Statement of purpose (SOP) detailing your interest in the program Resume/CV Any other documents specified during the application process Submit application: Carefully review all the provided information and attached documents. Submit your completed application to finalize the process. You will receive confirmation of submission. Selection: The university will thoroughly assess your application. Successful candidates will receive an official confirmation through mail or SMS. In case of any additional requirements, you will be duly notified. Can I pursue an MBA in Healthcare management online? Yes! The online MBA in Healthcare Management is designed for professionals who want to pursue or advance their career in healthcare management. With this program, you can earn your MBA without quitting your job. The online format offers flexibility, so you can study at your own pace and on your schedule. Additionally, they can use their new skills and knowledge to secure promotions and raises after completing this program. Online MBA in Healthcare Management | Online Manipal Which university offers the best MBA in Healthcare Management program? An online MBA program in Healthcare Management offered by Manipal Academy of Higher Education (MAHE) is one of the most popular programs for professionals who want to pursue a career in healthcare management. The program has been designed in such a way to help you gain an understanding of all aspects of health care, from patient care and hospital administration to insurance and regulatory compliance. It also allows you to develop strong business acumen and build your leadership skills through project management classes. With this knowledge, you will be able to make informed decisions about how best to manage your organization’s resources while ensuring the safety and well-being of patients. The flexibility of this program allows you to complete it at your own pace, so even if you have a busy schedule outside of class, you can still get everything done on time. You will also have access to expert faculty members who guide you through each course. You will receive top-class mentorship, get free access to webinars by industry experts, paid courses content, and extensive e-learning content. Here is the list of future prospects for graduates of MBA in healthcare management. Fee structure for online MBA in Healthcare Management Manipal Academy of Higher Education (MAHE) is one of the leading institutes in India and provides world-class education in the field of healthcare management. The fee structure for online MBA in Healthcare Management from MAHE is quite affordable, and the course curriculum is designed to meet the future needs of the healthcare industry. The fee for online MBA in Healthcare Management from MAHE is INR 2,60,000 which is INR 65,000 per semester. Deserving candidates can also avail scholarships and EMI options are also available to pay your fee in easy monthly installments. Frequently asked questions (FAQs) What are the best ways to use my MBA in healthcare management? The best way to use your MBA in Healthcare Management is to prepare for a career as a healthcare manager. Which degree is better for a career in health care: an MBA or a master of health administration? An MBA is a better choice if you are interested in a career in healthcare. While both degrees are designed to prepare graduates for jobs in the field, an MBA provides more comprehensive training. A master of Health Administration focuses on management and administration, while an MBA provides a solid foundation for leadership positions. Will earning an MBA increase my salary? Yes, earning an MBA is one of the best ways to increase your salary. Is MBA hard to study? The answer to that question is: it depends on you. If you are a fast learner and have the discipline to stay on track, then no. It is not hard to study for an MBA degree. Key takeaways The healthcare industry is constantly transforming, and staying on top of the latest trends and developments is crucial. An MBA in healthcare management will help you understand how to run your business in a way that makes it profitable and sustainable—and helps it thrive in the future. You will be able to make decisions for your organization based on data-driven insights about what’s working and what isn’t, which is essential when looking at big-picture goals like growth and sustainability in a rapidly evolving industry like healthcare management. An online MBA in healthcare management will give you the tools you need to succeed as a healthcare manager by introducing you to new concepts like leadership development, process improvement methodologies, best practices for developing talent within organizations, practical communication skills across departments and teams within organizations, among others.
Why is an MBA in Business Analytics a great career option? Posted on July 29, 2023July 31, 2023 by Sagar Kumar Business analytics is the practice of using data analysis and statistical methods to make informed business decisions and improve overall performance. It involves the collection, processing, and interpretation of data to identify trends, patterns, and insights that can be used to optimize business processes, enhance strategies, and drive growth. Business analysts play a crucial role in the field of business analytics. They bridge the gap between business objectives and data-driven solutions. Their responsibilities typically include: Gathering and interpreting data from various sources. Analyzing data to identify trends and patterns. Creating reports and visualizations to communicate findings. Developing recommendations and actionable insights. Collaborating with stakeholders to implement data-driven solutions. Monitoring and evaluating the performance of implemented strategies. Check out: How to get into the business analytics industry? Why should you choose a career in business analytics? The growing emphasis on data in firms and large government entities has opened doors to high- paying career opportunities in this field. Professionals who can interpret large amounts of data are greatly in demand and are paid lucratively for their services. High demand: Businesses across various industries are generating vast amounts of data, leading to an increased demand for professionals who can analyze and extract valuable insights from this data. Strategic importance: Business analysts contribute directly to an organization’s strategic decision-making process, making their roles critical to achieving competitive advantages and operational efficiency. Versatility: Business analysts can work in diverse industries, such as finance, marketing, healthcare, retail, technology, and more, allowing them to explore various domains. Continuous growth: As technology evolves, the need for professionals who can interpret and leverage data to drive innovation will continue to grow. Also read: MBA Business analytics course details What is an MBA in Business Analytics? An MBA in Business Analytics helps you upskill and stay up to date with the latest concepts in business analytics such as big data analytics, R-programming, Python, etc. The course covers data-driven studies along with business ethics, organizational behavior, business and management principles, and marketing management. During the course, students will acquire the knowledge and skills required to collect and analyze data and present the data as easily identifiable trends and patterns. Statistical analysis, quantitative analysis, explanatory modelling, predictive modelling, etc., are some of the skills you can acquire by enrolling for an MBA in Business Analytics. The role of an MBA in Business Analytics in establishing a lucrative career A master’s degree in business analytics like an MBA can assist you in comprehending the significance of data in business and how it can be used to improve corporate performance. Candidates who earn this degree will also be better equipped to learn about analytics approaches, which are crucial to any industry’s decision-making procedures. Here’s how an MBA in business analytics can help your career: Advanced knowledge: Pursuing an MBA in Business Analytics equips you with a blend of business acumen and analytical skills. It deepens your understanding of data-driven decision-making, preparing you to solve complex business challenges. Competitive advantage: An MBA in Business Analytics sets you apart from candidates with a general business degree. Your specialized knowledge makes you more attractive to employers seeking professionals who can leverage data for strategic decision-making. Leadership roles: An MBA in Business Analytics can open doors to leadership positions, where you can lead data-driven initiatives and influence an organization’s direction. Higher earning potential: With specialized skills and a strategic outlook, MBA graduates in Business Analytics may command higher salaries compared to those with only undergraduate degrees. Networking opportunities: MBA programs often provide ample networking opportunities with industry professionals and fellow students. Building a strong network can lead to job opportunities and professional growth. Internships and projects: Many MBA programs offer internships and real-world projects that allow you to gain hands-on experience, making you more job-ready upon graduation. Check out: How an MBA in business analytics can land you a job in MNCs? Jobs you get with an MBA in Business Analytics Here’s a list of top jobs you get with an MBA in business analytics and the salary details: Business Analyst: A business analyst uses both business and technology tools to review a company’s operational procedures and design improvements. They analyze current business processes and provide suggestions for improvement based on recent industry trends. This job role is of high demand in today’s fast-evolving business world as most companies need to make data-driven decisions to improve their performance and stay on par with other competitors in the industry. Business analysts can earn a salary of up to INR 15 lakhs per annum. Big Data Analyst: A Big Data Analyst studies the market trends by identifying, collecting, analyzing, and visualizing data that help in making future business decisions. A Big Data Analyst is responsible for multiple tasks ranging from conducting market research to mining data for information. Big data analysts can earn an annual salary of up to 16.9 lakhs. Market Research Analyst: A market research analyst gains insights into current market trends by collecting and evaluating performance reports, surveys, customer feedback, etc. Based on their analysis and interpretation they recommend to the organizations the best possible strategies that help improve their market standards and performance. A market research analyst can earn an annual salary of up to 7.5 lakhs. Data Architect: Data architects are in charge of creating the models, policies, procedures, and technologies that will be utilized to gather, organize, store, and retrieve information for the company. A data architect is a specialist who develops the corporate data strategy, including the requirements for data quality, data movement within the company, and data security. Data architects can earn a salary of up to INR 45 lakhs per annum. Supply Chain Analyst: A supply chain analyst gathers information, analyses it, and then recommends changes to the supply chain system. They strive to encourage top-notch performance from employees and reduce the price of materials utilized in projects. Supply chain analysts can earn an annual salary of up to INR 12.3 lakhs. Predictive Modeler: A predictive modeler creates meaning and order from the disarray of enormous datasets. Data can be utilized in a business setting to acquire information on goods, clients, and rivals. The work of the modeler yields objective data with recognized patterns. A predictive modeler can earn an annual salary of up to 16.3 lakhs. In general, the job responsibilities of business analytics aspirants may include working with data derived through statistical analysis, market research, customer feedback, revenue or sales trends, etc., as well as compiling datasets, analyzing historical and current trends. A few of the senior job roles might require you to create effective operational strategies for improving customer service, marketing, finance, supply chain management, and more. Elevate your career with an online MBA in Business Analytics from MAHE When you consider pursuing an online MBA, it’s best recommended that you choose an esteemed university which provides quality online education. Manipal Academy of Higher Education (MAHE) is one such university which has NAAC A++ accreditation and provides UGC-entitled courses via its online platform Online Manipal. MAHE’s online MBA in Business Analytics is aimed at upskilling working professionals with the latest tools and skills in business analytics. The curriculum of this program is designed with the latest market trends in mind by experts. Once you enroll for the online MBA program from MAHE, you get free access to Coursera courses, live and recorded classes, online learning material, etc. MAHE’s integrated learning management system (LMS) is advanced and user friendly. Online degree and certification programs from MAHE are no less than the on-campus programs as they are widely recognized by many reputed hiring companies and educational institutions. Bottom line You may expect a significant return on your investment from an MBA in Business Analytics because of the positive effects it can have on your career, the improved compensation and employment options, the skills and knowledge you’ll gain twill only benefit in your career progression.
10 best career options for you after an online MBA Posted on July 29, 2023March 13, 2024 by Online Manipal Editorial Team An MBA degree is a fantastic option if you’re thinking about changing careers. You’ll get the skills, network, and knowledge that is necessary to land a new job after graduating from a business school. But what if you cannot take a two-year break from work? Some online MBA degree courses in India can help with this too. What is the future scope after online MBA? An online MBA prepares learners to excel in any job role. A wide-range of prospects available after successful completion of online MBA. You can find many options such as jobs in the leading companies and higher education at the top universities in India and abroad. Graduates of online MBA programmes go on to work in a variety of fields. 5 unique MBA specialist for a successful career: Data Science: Data Science is a rapidly growing field, and an MBA in Data Science equips you to occupy a unique place in any growing organization. It will help you gain the necessary managerial skills to lead data-driven decision-making processes in organizations. You’ll learn to extract valuable insights from data, optimize business strategies, and identify opportunities for growth and efficiency. With the increasing demand for data-driven professionals, this specialization can open doors to diverse career opportunities across industries. Business Analyst: An MBA in Business Analytics prepares you to analyse complex business problems, make data-driven decisions, and develop actionable insights to drive business growth. As a business analyst, you’ll bridge the gap between business needs and technical solutions, enabling organizations to improve efficiency, optimize processes, and gain a competitive edge. Healthcare Management: An MBA in Healthcare Management focuses on the business aspects of the healthcare industry. You’ll gain a deep understanding of healthcare systems, policy, finance, and operations. This specialization can lead to management roles in hospitals, pharmaceutical companies, healthcare consulting firms, and other healthcare-related organizations. Pharmaceutical Management: Pursuing an MBA in Pharmaceutical Management equips you with the knowledge and skills to lead pharmaceutical companies, manage drug development processes, and navigate the regulatory landscape. This specialization combines business acumen with the intricacies of the pharmaceutical industry. Information Systems: An MBA in Information Systems prepares you to manage technology-driven business processes and align IT strategies with overall organizational goals. This specialization is valuable in today’s technology-driven world, where businesses heavily rely on IT infrastructure and digital transformation. So, what are the most popular job opportunities for online MBA graduates? Career options after online MBA Management Consultant One of the most popular employment paths for MBAs is consultancy. In recent years, big three consulting firms such as McKinsey & Company have increased their recruiting of MBA students, indicating that there are lots of chances for online MBA graduates. Some of the most critical skills for consulting are applying theoretical models to real-world problems and building and implementing business solutions, which may be learned through online MBA programmes. You can also learn to balance various responsibilities and communicate successfully in an online situation by learning remotely. Entrepreneur To enter the world of entrepreneurship, you don’t need a typical MBA. Online MBA courses in India cover the same entrepreneurial themes as a regular MBA with respect to innovation, strategy, and finance, giving you the well-rounded knowledge to start an enterprise after graduation. You’ll also gain flexibility, which will allow you to transition from a full-time job to starting your own business. Project Manager Being a project manager may be the ideal fit for your skills if you excel at both organisation and communication. Throughout the project life cycle, these individuals often oversee company projects and tough group tasks. As a result, project managers must possess a diverse skill set that they should demonstrate to potential employers. For this position, you should highlight your professional experience in starting, planning, and implementing projects. Operations Management This position, like project managers, is in charge of overseeing a significant workflow within the company. Operations managers, in particular, are in charge of overseeing activities linked to the production and supply of goods and services. They plan, design, and manage operations to ensure that processes and supply chains run smoothly. This is faster than the average growth for all occupations, which is encouraging for new graduates interested in this field. This expansion is ascribed to the development of new organisations and the extension of current ones, but you should nonetheless promote yourself for this position. Discuss your operations management experience and any processes you helped to improve. If you want to work in a specific area, such as healthcare management, keep your subject matter expertise up to date to expand your professional networks and job opportunities. Financial Analyst If you’ve decided to pursue a career in finance, becoming an analyst is an excellent next step after earning your MBA. Financial analysts operate in a variety of industries, but banks, investment firms, and enterprises are the most in need of their services because this position is critical in assisting organisations in making profitable investment decisions and reducing financial risk. This job option also has a promising future. A financial analyst with an MBA can promote their finance and accounting talents, as well as their investment strategy knowledge. Human resources Human resource management is an even more profitable career path because practically every organisation needs someone to run and supervise employee programmes. A human resource manager with an MBA keeps up with evolving labour rules to ensure that the company follows them. They also understand how to use employee incentives and rewards programmes to recruit and retain top employees. It is essential for HR managers to strike a balance between creativity and compliance in their roles and to demonstrate these abilities to potential employers. Information technology You definitely have a passion for technology and business management if you hold an MBA in IT. An IT manager, according to Indeed, is someone who plans, directs, and oversees a company’s computer and information systems. They know everything about the business and the technology it requires, so they work to coordinate jobs involving hardware, software, and business users. An IT professional, like other management roles, must be able to address problems and maximise an organisation’s information systems in the long run. Digital Marketing Manager There are lots of ambitious online MBA graduates who make their mark in this developing field. Many online MBA courses in India specialise in digital marketing. The course delves into a variety of topics, including social media marketing. Graduates of the programme frequently go on to work as digital marketing managers. Marketing management Every company’s marketing department is crucial, and the manager is in charge of making sure everything is in order. Marketing managers are in charge of managing a full campaign and general strategy from start to finish, from branding and messaging to channels and target audiences. They must not only come up with innovative ways to position the company, but they must also handle marketing resources carefully. Because you would be accountable for the entire company’s brand as a marketing manager, you must have a distinct personal brand. Check to see if your resume, cover letter, and internet presence all match. Branded imagery is advantageous, as this position necessitates some ingenuity. Data Analyst For MBA grads, data analytics is a rapidly expanding field. Following your Online MBA, work as a data analyst for some of the world’s largest corporations. Global technology companies such as Google and Amazon employ a huge number of MBA graduates and have large analyst teams. Pursue an online MBA from Manipal University Jaipur Manipal University Jaipur is one of the first universities that started online degree courses in India. These degrees including online MBA are UGC entitled and designed with inputs from industry to prepare future ready professionals. Delivered through Online Manipal, the online education portal of Manipal group, the online MBA is affordable for working professionals and fresh students. The total fee of the online MBA course is INR 1,50,000, that can be paid semester-wise (INR 37,500) or through no-cost EMIs. The university provides attractive scholarships to eligible students to enrol in the programme. Moreover, you can access Coursera for free and e-learning courses worth INR 50,000. Eligibility requirement to get admission in MBA at Manipal University Jaipur The eligibility criteria for two-year online MBA course at Manipal University Jaipur are as follows: Candidates must have a 10 + 2 + 3 year bachelor’s degree from a recognised university/institution or an equivalent qualification as recognised by the Association of Indian Universities Candidates must have a minimum of 50% marks in aggregate in graduation (45% for reserved categories) Candidates need to clear the online aptitude test conducted by Manipal University Jaipur as per admission norms to the MBA programme (part of the application form) Candidates with a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT) need not appear in the above test You can enrol in the course by applying on the Online Manipal portal. Our admission counsellor will contact you to help in completing the admission process. Conclusion This concludes our article on career opportunities after completing online MBA programmes. Most employers prefer candidates who have finished their postgraduate education. We hope that this article has given you a better understanding of the various career opportunities open to you within a few specialisations.With an online MBA, you will certainly have a bright future. Upgrade your skills with online MBA courses in India and take the first step toward your dream job today.
Stay ahead in the job hunt: New ways and tools in placement training Posted on July 28, 2023July 28, 2023 by Online Manipal Editorial Team Staying on top of the game is crucial to securing promising employment opportunities in today’s fiercely competitive job market. This can be accomplished by leveraging new strategies and tools during placement training. You can improve your chances of getting your dream job by adopting these strategies. This thorough guide will give you insightful advice on how to successfully navigate your job hunt with the aid of cutting-edge methods and resources. Also read: How placement training can help you choose the right career path How to stay ahead in the job hunting process Some of the ways to stay ahead of the job hunt process are discussed below: Understanding the evolving job market Embracing change: The constantly shifting job market demands adaptation and a readiness to embrace transition. Be open to exploring novel strategies and realize that standard job-hunting techniques might not be as efficient as they once were. Industry research: Perform a thorough study on the businesses and industries that interest you. Keep up with shifts in the sector, emerging innovations, and skill requirements to align your skills to market demands. Developing a strong foundation Defining your goals: Clearly state your aims and goals for your career. Determine the essential abilities, credentials, and experience necessary for your targeted roles. Self-assessment: Conduct a detailed assessment of your strengths, flaws, and potential improvement areas. You can discover skill gaps and areas you need to focus throughout your placement training using this technique. Skill development: Invest in learning new skills or enhancing those you already hold. Think about enrolling in online platforms that provide resources for skill development, attending professional courses, or joining workshops. Leveraging placement training tools Virtual boot camps: Take part in virtual boot camps that are geared towards a particular industry or set of job-related skills. You can learn valuable skills and network with professionals thanks to the mentorship and hands-on experience that are frequently offered by these intense training programs. Skill assessments: Leverage online skill assessment platforms like HackerRank, Codility, or Skillshare that involve technical examinations, tests, and coding challenges to gauge your skill level. You may demonstrate to potential employers your skills by doing well on these tests. Networking and building connections Professional networking: The significance of networking in the job search remains intact. Take advantage of websites like LinkedIn to expand your professional network, contact people in your field, and join groups that resonate with you. Participate in discussions, share savvy content, and engage in dialogues to position yourself as an apprised professional. Industry events and webinars: Attend online seminars, webinars, and industry events to remain current on the latest developments and advancements. These events frequently offer chances to network with industry experts while gaining valuable details about particular niches. Also read: Preparing for success: The key steps in placement training Placement training tools that can be helpful in job hunting Several tools can substantially help job seekers in their job search during the placement training process. These tools make use of modern technologies and approaches to improve career preparation and raise the likelihood of landing relevant employment. Here are some noteworthy examples: Virtual reality (VR) career simulations: VR technology offers immersive experiences that replicate working conditions in the real world. Job seekers can interact with virtual settings related to their field of interest, allowing them to gain useful insights and hone crucial skills. VR career simulations assist individuals in generating better decisions and performing better through realistic practice. Tech-enabled assessments: Tech-enabled assessments leverage technology to assess an applicant’s knowledge, aptitude, and abilities in specific areas. These evaluations are made feasible by virtual environments or software tools, and they may include coding tasks, psychometric testing, or simulation-based situations. Tech-enabled evaluations give recruiters unbiased information about an individual’s skills and assist them in choosing the best candidates for open positions. Resume optimization tools: These resources help job seekers create compelling resumes that are tailored to specific employment criteria. They examine resumes for keywords, layout, and overall content quality, offering recommendations for refinement to raise the likelihood that recruiters will pay heed. Candidates may present their skills and expertise on their resumes engagingly and appropriately with the aid of resume optimization tools. Job seekers can improve their preparedness, successfully promote their skills, and confidently negotiate the challenging job market by availing of these resources. It is crucial to strategically research and utilize these resources to increase the chances of landing suitable job opportunities. Also read: The impact of placement training on employability skills Importance of exploring new ways and tools in placement training Placement training must constantly experiment with new approaches and technologies to help individuals stay abreast of the dynamic job search environment. Individuals can get relevant expertise and skills beyond conventional educational institutions by embracing emerging training methods, including online boot camps, webinars, and workshops. These frequently provide specialized training, giving applicants an upper hand and the skills needed to effectively confront current market challenges. Also read: The role of placement support services in bridging the job readiness gap Job candidates that actively seek out novel strategies and tools throughout placement training demonstrate that they feel committed to developing their careers and are adaptable. In addition to broadening their skill set, embracing innovation enables job seekers to keep one step ahead of the competition, increasing their appeal to potential employers. Those that always seek improvement and adopt new technology will be better able to manage the changing job environment and land satisfying career chances in a dynamic job market. Enhance your employability with Online Manipal’s Placement assistance services Pursuing a degree is one thing and getting a job is another. Students should be thoroughly prepared on the various aspects of employability to help them secure a good job. To ensure this, students pursuing online degrees through Online Manipal are offered placement training. From industry-readiness sessions and skill assessments to resume building and mock interviews, Online Manipal’s placement team provides various training services to make students job ready by the time of completion of their degree. Conclusion It takes constant learning and agility to stay ahead in the job search in today’s competitive work market. You could substantially boost your chances of landing the job you’re seeking by comprehending how the job market is evolving, developing a solid foundation, employing placement training resources, networking successfully, exhibiting your talents and expertise, and getting prepared for interviews. Throughout your job search, keep in mind to remain dedicated to lifelong learning, adjust for shifting scenarios, and maintain an optimistic and proactive mindset. Good luck! Also read: Importance of career readiness in online education: How placement drives can help
Business Analyst vs Project Manager Posted on July 28, 2023July 27, 2023 by Online Manipal Editorial Team Business analyst and project analyst carry similar titles, but have distinct responsibilities, skill requirements, and impacts on a business’s success. Both play significant roles in shaping the direction of a project or a company, but they do so in different ways. Some may think of these roles as interchangeable, but scratch beneath the surface and you’ll quickly find that’s not the case. In this blog post, we’re going to delve into the world of Business Analysts and Project Analysts. We will uncover the nuances that set these roles apart, explore the commonalities they share, and provide an insight into the unique responsibilities each position holds. Who is a business analyst? A Business Analyst (BA) is a professional who plays a key role in guiding a business to improve its processes, services, products, or software through data analysis. Business Analysts are essentially bridges between the management and the operational team, effectively translating business needs into practical and efficient solutions. Some of the core responsibilities of a business analyst include requirement analysis, data analysis, change management, solution development, and recommendation. Who is a project manager? A Project Manager, sometimes called a project analyst or program analyst, is a professional who is responsible for leading a project from its inception to completion. This role involves planning, executing, and overseeing the project to ensure it is completed on time, within budget, and according to the specified quality standards. Project managers exist in virtually every industry, from IT and construction to healthcare and finance. Some of the key responsibilities of a project manager include project planning, team leadership, risk management, quality control, stakeholder communication, and more. Roles and responsibilities: Business Analyst vs Project Manager Both business analysts and project managers have distinct roles and responsibilities that differentiate the nature of the job. Let’s explore the responsibilities of each of these roles. Responsibilities of a business analyst Business analysts gather data on a client’s business processes to understand how their organization works, identify areas for improvement, and make recommendations for change. Business analysts primarily focus on improving an organization’s efficiency or effectiveness by identifying opportunities to increase revenue or decrease costs. Defines the scope of work to be done by the team. Business analysts must think outside the box and develop innovative ideas for products or services. Business analysts have more freedom than project analysts because they aren’t required to stay within strict guidelines set forth by management. Business Analysts are instrumental in gathering and synthesizing vital business data that can guide managerial decision-making towards beneficial modifications. This data can encompass a broad spectrum of information, such as customer feedback, financial statements, assessments, production rates, profitability metrics, and existing company policies. Responsibilities of a project manager Project Managers frequently conduct a comprehensive analysis of projects to ascertain necessary resources, cost implications, labor requirements, and the extent of the project’s scope. Additionally, they assess the suitability of a business’s existing resources for meeting the demands of the project, and identify if there is a need for additional resources. These experts play a crucial role in project planning from inception to completion. They outline the project’s trajectory and set critical milestones to measure progress along the way. Project managers must follow through on those ideas and implement them properly. Project analysts also play a crucial role in risk management, identifying and evaluating potential project risks. They keep relevant team members and management informed about these risks, enabling the implementation of preventative measures or the management of risks as they occur during the project’s development. Skills required: Business analyst vs project analyst Both job roles require some distinct skillset to excel in each. Skills for a business analyst Analytical skills Programming knowledge Data analysis Data visualization Knowledge of business structures Expertise in data research Skills for a project manager Project initiation Project management Risk management Negotiation skills Organization skills Salary: Business analyst vs project managers In India, Business Analysts earn an average salary of INR 8.5 lakhs per annum. However, it’s important to note that actual earnings can vary significantly based on several factors. These include the possession of an advanced degree, technical expertise, specific skill sets, and the particular organization that employs you. Looking beyond India, opportunities for Business Analysts exist globally. For example, in the United States, a Business Analyst can expect to make an average annual salary of USD 94,425. Read more: Business analyst job in Canada Meanwhile, the average salary of a project manager in India is INR 19 lakhs per annum. If you want to explore this job role abroad, for instance, a project manager can earn up to USD 96,998 per annum in the USA. How to become a business analyst? Embarking on a career as a Business Analyst often begins with acquiring a degree in a business-related field. Both undergraduate and postgraduate degrees can provide the foundational knowledge needed for this role. However, in India, it may be challenging to secure a high-quality Business Analyst position with just an undergraduate degree. Consequently, many individuals choose to enhance their qualifications with a master’s degree, a postgraduate diploma, or an online certification or degree, to improve their job prospects in this field. The following educational qualifications can help you to become a business analyst: MBA in business analytics MSc in business analytics PGCP in business analytics Read more: Concepts in business analytics How to become a project manager? To become a project manager or a program manager, you can pursue an online MBA in project management. This program will help you gain all the necessary skills you need to boost your career and explore leadership positions. You can acquire key skills like strategic alignment, contract management, quality assurance, risk management, and more. Read more: MBA in project management syllabus Conclusion Whether you want to become a business analyst or explore a career as a project manager or program manager, look no further than Online Manipal. You can attend live classes scheduled at convenient timings, access e-learning material that are readily available anytime, become a part of a global classroom with learners from diverse backgrounds, and become an integral part of Manipal’s University’s prestigious alumni network.
Is getting an MBA worth it for working professionals? Posted on July 28, 2023October 9, 2023 by Sagar Kumar Are you a working professional aiming to take your career to new heights? The question on everyone’s mind is, “Is an MBA worth it for working professionals?” Well, let’s cut to the chase and dive right in! You’re on a fast-paced career journey, but you know there’s more to conquer. You crave those leadership roles, the strategic decision-making power, and the chance to shine in the corporate spotlight. That’s where an MBA comes into play – a game-changer that can redefine your professional trajectory! “But I already have a job, how can I possibly make time for an MBA course.” Online MBA for working professionals is the answer. With prestigious institutions offering world-class education at your fingertips, you can pursue your MBA dreams without hitting pause on your current responsibilities. You might wonder, “Can an online MBA truly match up to the on-campus experience?” From top-notch curriculum to unwavering mentorship, and from engaging learning material to dedicated student support – it’s all there, just a few clicks away! Also read: Top reasons to consider an online MBA Why should a working professional pursue an MBA? An MBA is a good career option because if you want to grow as a working individual. A Master of Business Administration (MBA) degree is in higher demand than ever, and more people opt for it because of the real-world skills students can acquire. Many recruiters consider an MBA degree holder a great asset to the company due to the knowledge and skills they possess. MBA is highly important and useful to advance your career or for better job prospects. You can pursue an MBA right after you finish your undergraduate degree or a full-time job. An MBA degree helps improve certain important skill sets that recruiters are looking for in their employees. An MBA degree in your resume will easily help you stand out from your competitors and gain a complete advantage over them. Check out: Top MBA programs for working professionals How will an MBA help in the career of a working professional? Pursuing an MBA helps the most in the career of a working professional as it accelerates the career path of the working individual. Many companies require the individual to hold an MBA degree to hire you in a mid-management role. MBAs can completely change the direction of your career path for good, and it comes with several advantages as well, especially if it is from a recognized business school. Here are a few key benefits of an MBA for working professionals: Skill enhancement: An MBA program equips working professionals with a diverse set of skills, including leadership, strategic thinking, problem-solving, communication, and decision-making. These skills are essential for career advancement and personal growth. Career advancement: An MBA can significantly boost career prospects and open up opportunities for higher-level management positions. The knowledge gained in areas such as finance, marketing, and operations management can make professionals more competitive in the job market. Networking opportunities: MBA programs often provide ample networking opportunities with fellow students, alumni, faculty, and industry professionals. Building a strong network can lead to valuable connections and potential job offers. Entrepreneurial endeavors: For those interested in starting their own business or venture, an MBA can provide the necessary knowledge and skills to succeed as an entrepreneur. Higher earning potential: On average, MBA graduates tend to earn higher salaries compared to those without an MBA, especially as they progress in their careers. Global exposure: Many MBA programs offer international study trips, exchange programs, or global business projects, which provide exposure to different markets and cultures, enhancing a professional’s global perspective. Career switching: An MBA can facilitate a smooth transition to a different industry or function, allowing professionals to pivot their careers effectively. Credibility and prestige: Holding an MBA from a reputable institution can enhance an individual’s credibility and prestige in the eyes of employers, clients, and colleagues. Is work experience necessary for an MBA? No, most business schools in India don’t require work experience to start your MBA program. However, a few years of work experience gives you an added advantage over freshers. But if you have a fixed career goal and are ambitious enough to pursue further knowledge in your field of interest, then you should opt for the MBA program right after your undergraduate degree. By the end of your two-year MBA course, you will have a clearer idea of your career goals and quickly find jobs. Read more – What kind of work experience is required for an MBA Is it a good idea to pursue an MBA after gaining some work experience? It is a good idea to pursue an MBA after gaining work experience as there are numerous advantages. Concerning your career, your experience in the field holds much more importance than a degree. So, by gaining work experience, you are already a few steps ahead of your peers. Below are some of the advantages of pursuing an MBA with work experience – Better clarity You will have clearer goals regarding where you are heading and your career path with some years of work experience in hand. Once you have a better and solid career plan ready, you can move on to pursue an MBA to strengthen your chances of excelling in your field. Improved skill set After working in a corporate environment, you will develop certain soft skills that will prove to be highly valuable for you in the future. You will be acquainted with some real-world skills such as communication and interpersonal skills that, along with an MBA course, will easily land you your dream job in the future. Practical experience An individual with work experience will understand the practicality of the concepts taught in the MBA programs, which will help them better understand the problems and offer sensible solutions. Having a practical viewpoint is important to grasp the teachings better and to understand the real-world applications of the same. Fast-tracked career After you have gained a few years of work experience, it will be easier for you to land jobs of your interest right after you have finished your MBA, and there is no doubt that you will have a better hold in getting a job with the MBA certification and the previous work experience. Also read: How to get an MBA while working full-time Is MBA a good career option for you? An MBA can significantly impact the careers of working professionals. It opens doors to higher-level management positions, enhances leadership abilities, and increases earning potential. The program provides a versatile skill set, global exposure, and networking opportunities, enabling professionals to pivot industries or launch entrepreneurial ventures. With its credibility and problem-solving focus, an MBA empowers individuals for long-term career success. Best careers after an MBA for working professionals Senior Product Manager Investment Banker Management Consultant Director of Operations Business Development Manager Data Scientist Supply Chain Manager Marketing Director IT Manager Human Resources Director Financial Manager Financial Analyst Healthcare Administrator Sales Director Also read: How working professionals are upskilling with Online Manipal Why is an online MBA a great choice for working professionals? As for pursuing an MBA while working a full-time job, an online MBA is an ideal solution. Reputed institutions today offer online MBA programs that are equivalent in quality to on-campus programs, ensuring that working professionals can access the same level of education, curriculum, and support. Here’s how online MBA programs cater to the needs of working professionals: Flexibility: Online MBA programs offer flexibility in terms of class timings, allowing professionals to attend live classes during evenings or weekends when they are available. Live and recorded classes: One can benefit from the live online classes that are usually held in evenings and weekends. If someone misses a live session due to work commitments, they can access recorded classes later, ensuring they don’t fall behind in their studies. Work-life balance: Online MBA programs enable working professionals to manage their job and studies effectively, striking a better work-life balance. Learning material: The learning material provided in online MBA programs is comprehensive and on par with on-campus programs, ensuring the same level of academic quality. Mentorship and support: Online MBA students receive mentorship and support from experienced faculty members, just like their on-campus counterparts. Interaction and collaboration: Virtual classrooms facilitate interaction and collaboration among students, providing a dynamic learning experience. Placement assistance: Reputed online MBA programs often offer placement assistance and support, helping graduates secure career opportunities. No geographical constraints: Online MBA programs allow professionals to enroll in top institutions worldwide without the need to relocate, broadening their options for education. Overall, an online MBA offers working professionals a convenient and effective pathway to acquire valuable skills, enhance their career prospects, and achieve their professional goals without compromising their current job commitments. Check out: Common doubts about online MBA Do an online MBA without quitting your job Now you don’t have to quit your job to pursue an MBA online. You can easily juggle work and MBA studies with time management and planning. Moreover, the online MBA courses are designed to keep in mind the stresses of managing the work environment with studies. So the road is straight and clear. If you are passionate about building a strong career, don’t think twice and sign up for the online MBA course to advance your career and reach greater heights. Choose Manipal Academy of Higher Education for a recognized online MBA The Manipal Academy of Higher Education (MAHE) offers an online MBA course that is at par with other on-campus MBAs. It is the right choice if you are a working professional. The online MBA program from MAHE lets you choose from a wide range of specializations and offers high-quality business education. As a working individual, you can focus on your job fully and study at your own pace, and the course is designed to allow flexibility in choosing when to study. This will ensure no interruptions with your busy work schedule. Upon completing the online MBA program, you will receive a certificate from one of India’s leading educational institutes, Manipal Academy of Higher Education (MAHE). This will be a great addition to your list of qualifications in your resume. The curriculum of the online MBA program is designed in such a way that it benefits the pressure-filled lives of working individuals. Moreover, you will get the opportunity to interact with, learn from and gain insights from the top experts in Business Management directly, which will enhance your skills and give clarity to your career goals ensuring growth in your career after your MBA. MAHE Goes Online! Bottom line You might ask yourself, is MBA required for career growth? The answer is Yes. Today nearly every undergraduate degree holder is looking to complete an MBA, and it is a major requirement for almost all high-level positions in the corporate world. MBA enhances your career and offers numerous opportunities that will help you improve your job prospects and grow in your career. MAHE’s online MBA program will prepare you for the ever-changing business world and improve your skill sets. See how an online MBA will add value to your career by learning from the top experts, gaining insights and applying the knowledge for your career growth. Key takeaways: A Master of Business Administration (MBA) degree is a postgraduate degree that provides theoretical and practical knowledge of business management. MBA is a great career option for students and working individuals to advance their careers and have better job prospects. You do not have to quit your current job to pursue an MBA. You can easily manage both work and MBA if you enroll for an online MBA
Managing Digital Transformation: Strategies and Skills Taught in an MBA Program Posted on July 28, 2023August 3, 2023 by Online Manipal Editorial Team Technology is reshaping business processes and operations across every domain in the evolving digital world. A recent survey has indicated that expenses on digital transformation services and technologies are expected to grow to more than $1 trillion by 2024. This is why enrolling in an MBA focusing on digital transformation proves fruitful in navigating technological change. Digital transformation strategies in an MBA program encompass the methods an entrepreneur can implement to transform the business landscape. It will help a business plan, predict, and address the challenges of building a new business process, customer experience, and culture. What Is Digital Transformation? A proactive and effective digital transformation strategy consists of a comprehensive roadmap for implementing innovative methods to transform your business. This is also important to ensure you can achieve your goals seamlessly and digitally without much hassle. Digital transformation in business involves using digital tools to improve speed and value while creating new growth opportunities for the firm. Why Is Digital Transformation Important for Businesses? According to a recent survey, internet users worldwide will reach 5.3 billion in 2023. Moreover, as we accommodate technological practices and advanced tools in our day-to-day life, businesses stay at the forefront to keep peace with the digitizing world. Here are some benefits that highlight the importance of digital transformation in business: Also read: How will digital transformation reshape the future of banking in India? Digital transformation transforms the customer experience by aligning expectations with the latest technology. Digital transformation in business builds new and modern channels, including emails, mobile apps, and chatbots, to facilitate consistent and effective communications. Digital transformation promotes business innovation by future-proofing the business process through high-end technologies and agile workflows. Role of MBA Programs in Teaching Digital Transformation MBA programs aim to equip students with the necessary business and strategy skills to lay a solid foundation and prepare them to emerge as the digital leaders of tomorrow. Also read: Exploring career opportunities in business management: What you need to know An MBA in digital transformation focuses on learning to utilize technology effectively to drive a business toward success. The curriculum also focuses on various digital transformation case studies worldwide to detail real-world successes. For instance, a successful example is Netflix, the global entertainment giant, which was initiated as a DVD rental organization. However, they adapted to the latest technology to create a unique experience in streamlining movies online. The result? It is now trending as the no. 1 online streaming service, generating $31.6 billion in revenue in 2022. Digital Transformation Strategies Taught in MBA Programs Here are some emerging digital transformation strategies taught in MBA programs: Developing a digital vision and strategy With the rising importance of digital transformation in business, MBA graduates will learn to develop a digital vision and strategy by leveraging the right tools, data analysis, and automation. Implementing agile methodologies and innovation management Agile methodology and innovation management become a competing approach to staying successful in facing a fierce digital transformation amidst escalating customer expectations. MBA graduates will learn to install this iterative design process to promote flexibility and continuous improvement, allowing the organization to stay at the forefront of the trends. Harnessing big data and analytics for decision-making Big Data analytics have become a coveted management skill in the landscape that is becoming increasingly digitized. An MBA program will help the students learn how to extract exact patterns and identify ideas from the gathered big data. Embracing cloud computing and digital platforms An MBA focuses on equipping learners with relative knowledge to deploy applications to the cloud, enabling remote work in an organization. Moreover, they will also be exposed to learning advanced strategies to establish security protocols regarding cloud storage. Incorporating artificial intelligence and automation AI is now deployed across various domains, including national security, healthcare, education, and logistics. MBA programs assist students in learning about machine learning, natural language processing (NLP), data mining, algorithms, and more. Enhancing customer experience through digital channels The average digital customer’s need for instant response has forced businesses to create seamless digital channels. It helps them facilitate real-time and personalized communication. An MBA program equips the students with excellent communication skills to engage with modern buyers and offer a smooth experience. Skills Developed through MBA Programs for Digital Transformation An MBA graduate should have a diverse skill set to succeed in the evolving business landscape. Let us explore some essential skills students can develop through MBA programs for digital transformation: Strategic thinking and problem-solving skills The curriculum will instill strategic decision-making and problem-solving skills in the learners, guiding them to find new opportunities, optimize processes, and implement digital solutions to every challenge. Leadership and change management abilities Strong leadership and management abilities are paramount for MBA graduates as they have to inspire and encourage corporate teams. It will also enable you to adapt to the evolving environment and embrace new tools and platforms. Data analysis and interpretation skills These skills include collecting, organizing, and interpreting data to make better decisions by identifying patterns and opportunities. Technological literacy and digital fluency It includes merging technologies, digital marketing, e-commerce, data analytics, and the potential impact of AI on every business model. Collaboration and cross-functional communication MBA graduates will have excellent collaboration skills, allowing them to opt for cross-functional communication across various platforms, departments, and channels. It helps increase teamwork between remote teams. Also read: Top tech courses that help you get well-paying jobs Future Trends and Emerging Technologies Whether AI or quantum computing, there has been a constant hunt for the next big thing in digital transformation. Let’s explore some crucial emerging technologies: Artificial Intelligence – AI has become a priming application for various business sectors because it focuses on creating intelligent and innovative solutions. The adoption of AI has tripled in the last year, where around 37% of organizations use AI in some form. Internet of Things – IoT is achieving more than simply building connections between devices and systems. The technology can help you find, capture, and act on different data sources from various platforms to understand customer requirements and gain insights to improve their experience. Big Data – Today’s businesses employ analytical tools to interpret data from various sources to make better decisions and personnel services/ products to the consumers. Conclusion There is growing demand for MBA graduates in the corporate domain, and it will only surge more in the future. Moreover, as technology grows, we increasingly rely on digital platforms in every aspect of modern life. Businesses across industries demand professionals who can navigate the business through the complexities of digital translation and assure holistic growth in the digital age.To satisfy this growing demand, aspiring professionals can enroll in one of the best MBA courses on managing digital transformation to equip themselves with the essential skills to excel in the dynamic field.
Roles, Responsibilities & Remuneration: Supply Chain Consultant Posted on July 28, 2023August 3, 2023 by Online Manipal Editorial Team Supply chain management is the coordination and amalgamation of numerous activities in producing, distributing, and delivering goods or services from raw materials to final products. Employees working in supply chain management improve how the company maximizes productivity, sustains production, and grows in the competitive market, satisfying customer experiences. Effective supply chain management is necessary for every business because supply chains can break down and delay production when not managed properly. This causes internal stress and loss of revenue in the company. As the complexity of the global supply chains has been expanding in recent years, there has been a high demand for supply chain consultants. The COVID-19 pandemic exposed several complexities and vulnerabilities in supply chains. Resultantly, companies are now looking for consultants to redesign and strengthen their supply chain strategies. With the advancement of technology like AI and data analytics, companies leverage these tools to improve operations. Keep reading to know the roles and salaries of SCM consultants. What is a Supply Chain Consultant? A supply chain consultant is an expert providing guidance and expertise in improving supply chain efficiency and effectiveness. These experts analyze the existing supply chain processes, mark areas of improvement, and explore strategies to enhance the company’s performance. The responsibilities of a supply chain consultant encompass numerous responsibilities and require a detailed understanding of supply chain principles and practices. Effective supply chain management is essential for every business company to achieve operational excellence and gain a competitive edge. Here’s why effective supply chain management is important for businesses: Supply chain process optimization saves cost in business operations through streamlining operations, reducing inventory levels, and improving transportation efficiency. A well-managed supply chain boosts timely product delivery and services to customers by fulfilling their orders, reducing lead times, and enhancing communication. Businesses respond quickly to changing market demands, improving forecasting accuracy, implementing flexible production processes, and establishing supplier relationships. Skills and Qualifications for a Supply Chain Consultant To become a supply chain consultant, you should pass 10+2 with commerce subjects having business with at least 66% aggregate marks. Then, get a bachelor’s degree with at least 55% marks in aggregate with subject specialization in operation management, logistics, or supply chain from a well-recognized university with accreditation. Several supply chain consultants focus on manufacturing, transportation, retail, or government projects. Additionally, students or working professionals can advance their careers through an online MBA or PGCP in logistics or supply chain management from the Manipal Academy of Higher Education (MAHE). Below are some of the skills required for a supply chain consultant: Communication SkillsCustomer interactionsPresentations EmailsReporting Analytical SkillsData analysis and assessment Statistics Warehouse management and ERP, WMS, TMSExcel spreadsheetsProblem-Solving SkillsSynthesizing data and informationRisk mitigation Flexible and adaptive mindsetSupply Chain Logistics SkillsProduction planningProcurementLogisticsQuality managementWarehousingInventory managementVendor and supplier relationshipsCollaboration SkillsWorking with cross-functional teams and stakeholdersBuild relationships Role of Consultants in Supply Chain Management To ensure smooth and efficient operations, different companies rely on the expertise of supply chain consultants. Let’s discuss their roles in supply chain management: They evaluate the flow of materials, information, and finances across the supply chain network through comprehensive analysis. Supply chain consultants redesign the supply chain networks, improve inventory management practices, and implement advanced technologies through collaboration between suppliers and customers. Consultants are responsible for establishing key performance indicators (KPIs) to measure the supply chain processes through monitoring metrics. They analyze data trends to make informed decisions regarding supply chain efficiency. Career Opportunities and Growth in Supply Chain Sector If you are considering a lucrative career in the supply chain sector, below are the insights into the career prospects for supply chain consultants and growth prospects: Supply Chain Consultant roles in the Supply Chain Sector RoleResponsibilitiesSupply Chain ConsultantAnalyze and improve supply chain process.Identify bottlenecks, develops strategies for optimization, and reduce cost.Logistics ManagerOversee the movement of goods and materials to customers.Manage transportation, warehousing, and order fulfilment.Procurement SpecialistSource and purchase goods and services for an organization.Negotiate contracts, evaluate suppliers, and ensure timely delivery.Inventory AnalystMonitor and analyze inventory levels.Ensure optimal stock levels, forecast demand, and track inventory metrics.Operations Manager Oversee the overall functioning of the supply chain.Coordinate with different departments, manage resources, and implement strategies. Source Salary Ranges in Supply Chain Sector Given below is the chart of different roles in the sector along with supply chain consultant salary in India: RoleSalary (INR)Operations Manager7 LPASupply Chain Consultant13 LPALogistics Manager6.5 LPAProcurement Specialist5.3 LPAInventory Analyst5.8 LPASupply Chain Manager 13.3 LPADeputy Manager – Supply Chain10 LPA Source Tools and Technologies Supply chain management can be greatly benefited by the use of latest technologies. Following are some ways in which technology improves the functioning of supply chain: Artificial Intelligence A business can make its supply chain more efficient by harnessing the power of AI to better manage its inventory, forecast demand, optimize transportation, automate warehouse operations, and provide better customer service. Tracking the movement of goods and shipments across the world have become easier due to the application of AI and automation at every stage of the supply chain. Benefits of Automation Warehouse management system provides real-time visibility into inventory levels, facilitates order fulfillment, and optimizes warehouse layout and storage. Transportation management system performs route planning, carrier selection, load optimization, and freight tracking. Electronic Data Interchange (EDI) eliminates manual data entry by speeding up the flow of information between supply chain partners. Software Tools Infor SCM is a software built on ERP and data analytics, which helps in connecting real-time with suppliers and consumers by synchronizing their efforts E2OPen provides tools to forecast and manages all the drop-shipping, inventory, invoicing, and cost management. Oracle SCM manages finances and operations with its intelligent track and trace technology for the products and also provides deep insights into the performance of supply chain. Why choose MAHE to become the ultimate Supply Chain Expert? Manipal Academy of Higher Education (MAHE) offers PGCP in Logistics & Supply Chain Management (SCM), which helps working professionals gather knowledge and skills in the dynamic field of supply chain management. MAHE’s curriculum includes supply chain strategy, procurement management, inventory optimization, transportation planning, etc. MAHE is the best choice for becoming a supply chain expert because of its strong reputation for academic excellence and expertise. The institution has highly experienced professionals with a detailed understanding of the intricacies of supply chain management. We provide practical insights on software tools and guidance to students, ensuring they are well-prepared to tackle real-world challenges. Moreover, we have strong industry connections and collaborations, providing students with ample opportunities for internships and placements in leading companies. They are offered various roles like supply chain manager, demand planner, purchasing manager, transportation analyst, etc. The PGCP course is around INR 1,00,000 for 12 months (two semesters). Conclusion In conclusion, studying supply chain management from Online Manipal offers a unique and valuable opportunity for all aspiring professionals. Graduates from MAHE are well-prepared to tackle the challenges and seize the opportunity within the dynamic field with a focus on innovation, technology, and sustainability. So, are you ready to step into the world of supply chain management? Enroll in the course today and advance your career to the path of professional development.
