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Got a low CAT score? You can still pursue an online MBA from a reputed college

Are you disappointed with your CAT score? Don’t let it dim your dreams of pursuing an MBA from a reputed college. In today’s digital age, the doors to quality education have opened wider than ever before. Online learning platforms have revolutionized the way we acquire knowledge, making top-notch education accessible to everyone, irrespective of their CAT scores. Imagine earning an MBA from a renowned institution, right from the comfort of your own home. With online MBA programs offered by prestigious colleges, you can unlock new opportunities, enhance your skills, and propel your career forward, regardless of your initial CAT results. It’s time to seize the power of technology and rewrite your success story. 

Check out: Everything you need to learn before appyling for CAT 

What is CAT? 

The full form of CAT is the Common Admission Test. CAT is a computer-based admission test for management programs. The exam is divided into three parts: verbal ability and reading comprehension, quantitative ability, data interpretation, and logical reasoning. The exam is conducted online, and the duration is three hours.  

The CAT exam for MBA is intended to shortlist highly qualified candidates based on their knowledge and skills. Previously, a low CAT score could be a hindrance to getting into a reputed MBA college, but things have changed with the rise of online MBA. Today, many reputed colleges offer online MBAs without CAT score.  

Also read: MBA without CAT: Top CAT exam alternatives 

Don’t worry if you can’t get into IIMs or other top B-schools! 

Most top business schools in India require high CAT scores for admission. If you don’t score well on the CAT, you may have to settle for second-tier MBA colleges. However, there are many reputable online MBA programs that individuals can pursue from reputed colleges, such as Manipal University Jaipur (MUJ), that do not require a CAT score. So, if you want to pursue an MBA in India without CAT, consider pursuing an online MBA program.  

You can also read the 10 best career options for you after an online MBA

Not sure if an online MBA is as good as an on-campus MBA? 

So, is MBA admission without the CAT exam possible? Yes, an online MBA from a duly recognized and accredited university like Manipal University Jaipur (MUJ) is treated equally to a traditional on-campus MBA as per the UGC guidelines and does not require a CAT score. Employers value and accept online MBA graduates as they are qualified and have the same skill sets as those who have completed their MBA from a traditional college. 

Advantages of doing an online MBA 

Here are some advantages of doing an online MBA: 

Flexibility and convenience: One of the most significant advantages of pursuing an online MBA is the flexibility it offers. You can study at your own pace and choose when and where to attend classes, fitting your education around your work and personal commitments. This makes it ideal for working professionals or those with busy schedules. 

Access to reputed Institutions: Online MBA programs have grown in popularity, leading many prestigious universities and business schools to offer their courses online. As a result, students can now access top-notch education from renowned institutions without the need to relocate or disrupt their lives. 

Diverse learning environment: Online MBA programs attract a diverse cohort of students from various backgrounds and regions. This exposure to different perspectives and experiences enriches the learning environment, allowing for valuable networking opportunities and cross-cultural collaboration. 

Cost-effective: Pursuing an online MBA can be more cost-effective compared to traditional on-campus programs. Students save on commuting, housing, and sometimes even textbook costs. Additionally, online programs offer the option to work while studying, potentially offsetting tuition fees. 

Employer recognition: An online MBA degree from reputable institutes is generally well-regarded by employers. 

Networking opportunities: An online MBA program gives you the opportunity to network with other professionals from around the world.  

You can also read Can an online MBA course get you a better salary? 

Is Online Manipal the ideal destination for a highly rated online MBA degree? 

Manipal University Jaipur offers a UGC-entitled online MBA program that is designed to provide students with the skills and knowledge necessary to succeed in today’s competitive business environment. The program features a curriculum that covers all aspects of business, including economics, finance, marketing, management, and more. The program is also flexible enough to allow students and working professionals to tailor their studies to their specific interests and career goals.  

Finally, the online MBA program by MUJ provides students with various benefits that include access to highly qualified and experienced faculty and mentors, exhaustive e-learning content, placement assistance, scholarship opportunities, and free access to paid Coursera content. But is an entrance exam necessary for MBA programs? Individuals without a valid CAT score have to pass an entrance exam conducted by MUJ to get into MBA programs.  

Eligibility for online MBA from Manipal University Jaipur 

  • Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognized university/institution or an equivalent qualification as recognized by the Association of Indian Universities with a minimum of 50% marks in aggregate in graduation (45% for reserved categories). 
  • Candidates must clear Manipal University Jaipur’s online aptitude test as part of the application process. 
  • Candidates with a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT) need not appear in the above test. 

Also read: MBA without CAT or MAT exams 

Fees for online MBA from Manipal University Jaipur 

Total course fee: INR 1,66,000 (all inclusive) 

Semester-wise fee: INR 41,500 

EMI options: Starting at INR 6,917/month 

How to apply for an online MBA on Online Manipal? 

The process of admission to online MBA courses on Online Manipal can be completed using the below-mentioned easy steps: 

  • Select the MBA program you wish to enroll in, provide your contact information, and pay the registration fee to register.  
  • Provide accurate information about your education and work history. 
  • Pay the program’s full or first semester/year admission fee according to your convenience. 
  • Upload all the supporting documents and submit your application to complete the procedure.  

Note: Each application will be reviewed by Manipal University Jaipur, who will then notify the individuals who are accepted. 

Conclusion 

There are many great programs out there that don’t require an exceptionally high CAT score to get in, so do your research and find one that’s right for you. You can also enroll in an online MBA program from Manipal University Jaipur (MUJ) on Online Manipal website to earn your MBA degree and achieve your goals without a CAT score. 

Can online courses in India help your career and get you salary hikes?

The relevance of continuous learning and professional development can’t be overstated, considering the pace at which today’s job market is transforming. Online courses have evolved into a feasible and practical choice for career advancement in today’s digital world. The virtual platforms provide individuals with an unparalleled opportunity for skill development and remain pertinent in their specific industries by providing an extensive array of courses and certifications. 

This article explores how online learning could assist individuals in acquiring novel skills, advancing their professional standing, and eventually establishing themselves as invaluable assets in the fierce job market. It also analyzes the potential impacts of online learning on salary hikes and professional growth.

Also read: How online courses help you to manage studies while working

Importance of continuous learning for professional development

Continuous learning is vital for professional growth since it empowers individuals to remain viable, adaptable, and relevant in the business world of today. Here are the crucial points emphasizing the significance of ongoing learning:

  • Staying current with industry trends: 

Technologies, industry developments, and consumer tastes all drive industries to evolve rapidly. Professionals that practice continuous learning are constantly aware of the latest advancements, best practices, and emerging trends in their line of work, enabling them to stay at the forefront of the competition while making savvy choices.

  • Adapting to change:

The sole constant in the fast-paced world of today is change. Continuous learning encourages adaptation, empowering professionals to take on new challenges, perform diverse roles, and maneuver effortlessly through upheavals.

  • Professional growth and advancement: 

Career advancement hinges on ongoing education. Employers prefer employees who invest in their career development since it indicates drive, commitment, and an ambition for personal growth. Promotions, salary hikes, and fresh opportunities are made possible as a result.

  • Building confidence and resilience: 

Continuous learning improves professionals’ confidence by honing their competence and skills. They are more inclined to take on challenges, address complex issues, and navigate adverse situations with perseverance and a positive outlook as they grow more proficient and knowledgeable.

Also read: Navigating the job market as an online degree student

How online courses help in career advancement?

Online courses are essential for expanding one’s career since they offer a plethora of benefits that foster achievement and professional advancement. The following are some factors contributing to the impact of online learning on career growth

  • Acquiring new skills and knowledge:

Online learning offers an array of resources for learning and specialized training that individuals may employ to broaden their abilities and knowledge relevant to their fields of work. Learners may stay apprised of business developments, standard practices, and innovations via engaging and intriguing content, providing them with the expertise they require to succeed in their present roles while exploring more demanding career possibilities.

  • Flexibility and convenience of online learning:

Professionals may balance their professional commitments with personal responsibilities while seeking higher education, thanks to the inherent adaptability of online courses. The choice of setting up tailored study plans allows learners to pursue lifelong learning without interfering with their current professions. This flexibility is especially beneficial for working professionals looking to upgrade or re-skill to keep up with shifting job standards. 

  • Access to a wide range of courses: 

Online learning platforms feature a broad spectrum of courses encompassing various academic and business sectors. This wide range of accessibility fosters a multifaceted strategy for problem-solving and decision-making by allowing individuals to explore domains beyond their present areas of specialization. 

  • Enhancing your resume and marketability: 

Online course completion adds to an individual’s resume, thereby making them more appealing to potential employers since it exhibits their commitment to lifelong education and continual growth. Credible online certifications from renowned programs give potential employers tangible proof of a candidate’s skill set and devotion to ongoing career growth.

Leveraging online courses for salary hike

Leveraging online courses for career advancement can significantly increase earnings because of the following reasons:

  • Enhanced skill set: 

Online courses provide specialized training and current information in a broad spectrum of disciplines. Professionals can develop new skills or hone existing ones by enrolling in pertinent courses, increasing their value to employers. A person with a diverse collection of skills is better able to handle challenging jobs and take on new responsibilities, which can lead to pay raises or promotions.

  • Industry recognition:

A professional’s resume earns credibility by demonstrating the completion of valued online courses offered by renowned organizations or accreditation authorities. Employers value contenders that take the initiative to invest in their professional growth, showing a dedication to staying up to speed with market trends. Such acknowledgment may lead to improved job prospects, raises, and ultimately higher salaries.

  • Increased efficiency and productivity:

 Online courses usually focus on increasing efficiency and efficacy in specific industries. Professionals can speed up workflows and produce enhanced outcomes in shorter periods by acquiring novel technologies. Salary discussions might take increased productivity into account since it translates into a more significant contribution to the organization.

Also read: Stay recession-proof by upskilling with online courses

Identifying the right online courses for your career goals

Career development with e-learning starts by choosing the best online courses to help you reach your career objectives and takes a thorough and deliberate approach. The following are the steps you must take to ensure that you make informed decisions:

  • Assessing your current skill set and identifying skill gaps:

Start by performing a thorough evaluation of your current abilities relevant to your anticipated career path. Determine your positive and negative aspects to figure out where you must improve. Be truthful with yourself and seek guidance from mentors, peers, or acquaintances to acquire a more unbiased perspective.

  • Researching reputable online course providers and platforms:

Spend some time investigating and comparing various platforms and online course providers. Look for institutions that have a solid reputation, a tradition of delivering top-notch content, and raving student testimonials. Authentic platforms frequently offer programs developed and guided by professionals in the field, providing you with access to insightful information.

  • Selecting courses aligned with your career objectives:

Focus on programs that closely align with your career aspirations and fill up any skill gaps to narrow down your options. Look for explicit course results, syllabi, and reviews to be sure they comprise the necessary material for you to thrive in your chosen field. Take into account courses involving practical projects or applications to advance your learning.

  • Considering employer preferences and industry trends:

Keep abreast with current business trends and the qualifications hiring managers are looking for. Examine the job descriptions for the positions you are interested in, and make a note of the abilities and credentials that are frequently required. Aligning your degree choice to these demands may boost your employability by making you more appealing to employers.

Also read: 8 Non-technical online courses that help your career

Pursue online degrees and certifications from reputed institutes through Online Manipal

Reputed institutes like Manipal University Jaipur and Manipal Academy of Higher Education provide an eminent selection of online degrees and certifications through Online Manipal enabling individuals to attain prestigious qualifications without any physical constraints. The extensive list of online degrees and certifications provided include – BBA, BCom, BCA, MBA, MCA, MCom, MA-JMC, MSc-DS, MSc-BA, MBA-BKFS, PGCP-LSCM, PGCP-DSML, PGPC-BA.

Also read: What is the admission process for Manipal University Jaipur’s online courses?

Aspiring professionals can also acquire credentials that are pertinent to their sector through the courses offered on Online Manipal. Online Manipal provides a cutting-edge virtual learning platform, expert faculty, and flexible study schedules designed to meet the needs of working people. Take advantage of Online Manipal’s unrivaled reputation as you embark on a journey of professional development and knowledge acquisition, thus enhancing your career prospects with online courses.

Conclusion

The adoption of e-learning programs to advance one’s career and salary hike through online education is an intelligent move that may yield remarkable outcomes. Ensure to choose credible learning environments and courses that align with your professional goals and objectives as you commence your educational pursuits. Embrace the potential offered by e-learning and witness your career thrive as a result of your allegiance to personal and professional growth. Enrolling in online courses not only strengthens skills and knowledge but also paves the entrance to an astounding and rewarding professional trajectory.

Best career options after B.Com: Jobs, salary & PG courses 

Commerce has always been a field with immense demand and scope for students. In today’s dynamic business landscape, the demand for commerce graduates is soaring due to their diverse skill set and the wide range of opportunities available to them. A Bachelor of Commerce (B.Com) degree equips students with a solid foundation in business, finance, accounting, and economics, preparing them for lucrative careers in the commerce industry. 

One of the key advantages of pursuing a B.Com degree is that it provides students with a comprehensive understanding of financial management, cost accounting, taxation, business laws, and commercial transactions. This knowledge equips them with the skills necessary to make informed financial decisions, analyze market trends, and develop strategies for business growth. 

Check out: BCom course details: All you need to know  

Career prospects after B.Com 

Top jobs after B.Com and salary 

After completing a B.Com degree, graduates can explore a variety of career options. Here are eight top jobs that are popular among B.Com graduates and the salary details: 

Government jobs after B.Com 

Government organizations also offer various job opportunities for commerce graduates. Here are a few government job roles suitable for B.Com graduates: 

  • Income Tax Officer 
  • Accounts Officer in Government Departments 
  • Bank Probationary Officer (PO) 
  • Railway Accounts Officer 
  • Junior Accountant in Government Offices 

Higher education options after B.Com 

For those looking to enhance their knowledge and skills, pursuing higher education after B.Com can open up more advanced career opportunities. Here are some popular courses: 

  • MCom (Master of Commerce): MCom provides in-depth knowledge of advanced accounting, finance, and commerce subjects. It is beneficial for those seeking specialized knowledge in commerce. 
  • MBA in Finance: An MBA in Finance equips students with advanced financial management skills and prepares them for managerial roles in finance-related fields. 
  • MBA in IT & Fintech: The specialized MBA in IT & Fintech program focuses on the intersection of information technology and finance, preparing graduates for roles in fintech companies and financial institutions. 
  • MBA in BFSI (Banking, Financial Services, and Insurance): MBA in BFSI covers topics related to banking, financial services, and insurance, preparing students for leadership positions in these sectors. 
  • MBA in BKFS (Banking and Financial Services): The MBA in BKFS program provides specialized knowledge of banking and financial services, enabling graduates to pursue managerial roles in the banking industry. 
  • Chartered Accountancy (CA): CA is a professional accounting qualification that equips candidates with in-depth knowledge of accounting, taxation, auditing, and financial management. 
  • Certified Financial Planner (CFS): CFS certification focuses on financial planning and wealth management, preparing professionals to assist individuals in achieving their financial goals. 
  • Cost and Management Accountant (CMA): CMA is a professional certification that focuses on cost management, management accounting, and strategic financial management. 

Also read: Best PG courses for B.Com graduates 

Top industries that hire commerce graduates 

Commerce graduates are in demand across various industries. Here are some top industries that hire commerce graduates: 

  • Banking and Financial Services 
  • Accounting and Auditing 
  • Consultancy Services 
  • E-commerce and Retail 
  • Insurance 
  • Information Technology 
  • Manufacturing and FMCG 
  • Hospitality and Tourism 
  • Government Organizations 
  • Education and Research Institutions 

Top companies that hire commerce graduates 

Some of the top companies that hire commerce graduates in India include: 

  • Deloitte 
  • Ernst & Young (EY) 
  • PricewaterhouseCoopers (PwC) 
  • KPMG 
  • ICICI Bank 
  • HDFC Bank 
  • TCS (Tata Consultancy Services) 
  • Infosys 
  • Wipro 
  • Amazon 

Is it good to pursue an online B.Com? 

Yes, pursuing an online B.Com degree from a duly recognized institute holds the same value as an on-campus degree. Online degrees are valid for employment and higher education opportunities. Online Manipal offers UGC-entitled online courses from reputed universities/institutes known for providing quality education. 

Check out: Six reasons why you should opt for an online B.Com 

Choose Online Manipal for recognized online degrees 

Online Manipal provides numerous advantages for students pursuing online degrees: 

  • Quality education: Online Manipal provides access to courses from reputed universities/institutes known for their quality education. 
  • Live and recorded classes: Students can attend live classes and access recorded lectures for flexible learning. 
  • Flexible schedules: Online courses on Online Manipal allow students to study at their own pace and convenience. 
  • Free access to Coursera: Students gets complimentary access to a wide range of Coursera courses to enhance their knowledge. 
  • Scholarships: Scholarships are provided to deserving students to support their education. 
  • Easy payment options: Students can choose from various payment options, making it convenient to manage finances. 
  • Highly qualified faculty: Courses on Online Manipal are taught by experienced and highly qualified faculty members. 
  • Placement assistance: Online Manipal offers placement assistance for students enrolled in any online degree program, helping them to land a job right after completion of their degree. 

Conclusion

A B.Com degree equips students with a strong foundation in commerce-related subjects, enabling them to embark on rewarding careers in various industries. The skills acquired during their studies prepare them for lucrative positions and provide a solid platform for further education and professional growth. Commerce graduates are well-positioned to contribute effectively to the ever-evolving commerce industry and carve a successful path in their chosen careers. 

What can you do with a PGCP course?

The PGCP program has a lot to offer students interested in pursuing a career in business, management, supply chain, business analytics or other fields. The program covers everything in the domain, allowing you to pursue your interests through various subjects including electives. 

With this degree, you’ll be prepared to take on any role in the field—from junior accountant to senior financial analyst to CEO. You’ll also have an edge regarding promotions or job applications because you’ll know what’s expected of you in any position.

If you’re interested in pursuing a career in management but don’t have time for an MBA or other postgraduate degree program, a postgraduate certificate program may be a great option. It provides the education in lesser time than any postgraduate program.

What is a PGCP course?

A postgraduate certificate course can significantly increase your chances of landing an entry-level job. The course will prepare you for a career as an executive, and it can also help you move up the ladder if you’re already working in the field.

What makes a PGCP so valuable? It’s a unique form of education that allows you to learn at your own pace while still receiving the guidance and support of an instructor. You’ll have access to course materials and can connect with other students through various social media platforms. The certificate course will also provide you with hands-on experience by giving you real-world situations that require problem-solving and critical thinking skills. The duration of these programs varies, but most take about one year to complete. 

This program is online to give you all the benefits of attending class in person without requiring you to do so full-time. Many choose this option because it allows them to continue working while studying at night or on weekends.

Careers with a certificate

Career PositionsStarting salary 
Business ConsultantINR 2.6 LPA
Business AnalystINR 3 LPA
Data AnalystINR 1.9 LPA
Project ManagerINR 5 LPA
Operations ManagerINR 9 LPA
Risk ManagerINR 13 LPA
Operations Research AnalystINR 5,9 LPA 
Management AnalystINR 10.5 LPA
Product ManagerINR 5 LPA
Source: AmbitionBox & Glassdoor

You may be interested to know who should pursue PGCP in Business Analytics.

PGCP scope: What jobs you can get with a certificate program

  • Business Consultant

A business consultant helps businesses identify and solve problems and improve their performance. They work with small and large companies alike.

Business consultants don’t have to be experts on a given topic; they’re trained to identify problems in business operations, analyze them, and create solutions. This can mean working in finance, marketing, information technology (IT), human resources (HR), sales, operations, or strategy. The starting salary of a business consultant is INR 2.6 LPA.

  • Business Analyst

Business analysts use their knowledge of business processes to help companies make decisions about how they operate and improve their efficiency. They may also help companies develop software applications used by employees or customers. The starting salary of a business analyst is INR 3 LPA LPA.

  • Data Analyst

Data analysts are responsible for analyzing large amounts of data and turning it into helpful information for their organizations. They usually work with specific data types like customer information or product sales figures to help businesses make better decisions about operating and growing their bottom line. The starting salary for a data analyst is INR 1.9 LPA.

  • Project Manager

A project manager is responsible for planning and organizing the resources necessary to complete a specific project. This can include managing teams, planning timelines and budgets, and ensuring that all tasks are completed within the allotted time frame. Project managers generally work in an office but may need to travel for large projects. The starting salary of a project manager is INR 5 LPA.

  • Operations Manager

An operations manager oversees the day-to-day operations of a company or department. They are responsible for supervising employees and ensuring that they are working efficiently. Operations managers also monitor budgets, make sure that products are being made correctly, and effectively manage supply chains. The average salary for an operations manager is INR 9 LPA.

  • Risk Manager

A risk manager identifies potential risks to an organization’s mission or operations and develops plans to minimize these risks. Risk managers work with executives at companies to identify potential dangers that could impact the company negatively and make recommendations about how these threats can be avoided or mitigated by taking action such as appointing a security team or moving certain assets out of harm’s way. The average salary of a risk manager is Rs. 13,17,738 yearly.

  • Operations Research Analyst

Operations research analysts apply mathematical models and statistical techniques to analyze business processes. They use their analysis to suggest ways to improve efficiency, quality, or customer service.

Operations research analysts may work in many industries and for various companies, including manufacturing companies, food service providers, and logistics companies. Most operations research analysts have advanced degrees in mathematics or engineering, although some may be self-taught or have earned an undergraduate degree in business administration. The average salary for an operations analyst is INR 5,93,577 annually.

  • Management Analyst

Management analysts are often referred to as consultants because they advise businesses on how best to operate or manage their activities. Management analysts typically work for consulting firms that specialize in helping companies improve their performance through strategy development and implementation of new initiatives. 

Management analysts work with businesses across many different industries and help them develop organizational strategies that are more effective and efficient than what they currently have in place. The average salary for a management analyst is INR 10.5 LPA.

  • Product Manager

Product managers oversee all aspects of developing a product from concept through final production stages before it goes into the marketplace for sale by its manufacturer or distributor. Product managers must ensure that all aspects of development are completed successfully within budgeted costs while meeting all requirements set forth by customers. The starting salary of a product manager is INR 5 LPA.

Is a PGCP course worth it?

A  PGCP is an excellent choice for those who want to pursue a successful managerial career. It can help students develop the skills they need to succeed in this competitive field, including solid communication and analytical skills.

While the requirements vary from employer to employer, most jobs require that candidates have at least 2 – 3 years of professional experience and hold a bachelor’s degree from an accredited institution. Some financial service institutions may also require that candidates take preliminary courses.

Students should start by taking courses covering basics. They will also learn leadership development and communications skills since these are important for jobs in the workplace.

About the PGCP programs at Online Manipal platform

The PGCP courses from top-notch institutions available at Online Manipal offers a unique combination of industry experience and academic knowledge. Currently, Manipal Academy of Higher Education (MAHE) offers PGCP in Business Analytics and PGCP in Logistics & Supply Chain Management. These online programs help provide the right mix of theoretical and practical learning that will help students build a strong foundation in the management field.

The course structure is designed in such a way that it addresses the needs of students who are looking to pursue their careers in different sectors and fields. The curriculum covers various domain-related topics.

The teaching methodology used by MAHE is based on experiential learning through case studies, projects, and case discussions, enabling students to apply what they learn in class directly to real-world scenarios. All the faculty members are industry experts with years of experience working for leading organizations across India and abroad. 

Wrapping up

The PGCP courses designed by MAHE through Online Manipal is a great way to get a broad overview of all the different aspects domains. It will help you understand the principles, as well as how to apply them in the real world. The course will also introduce you to various tools and methods to help you become a successful manager.

Key takeaways:

  • PGCP courses will help you gain a deeper understanding of the chosen domains. You’ll learn how to apply the principles of management in your own life and work.
  • In this course, you will understand what it means to be a manager and what it takes to manage others successfully. You’ll also learn how to create a vision for your organization and turn your ideas into actionable plans. This makes you a leader—someone who can make things happen!
  • In addition, you will learn how to manage change effectively by developing a plan for dealing with unexpected events and motivating people toward achieving goals. The course will also cover ethics in management, including conflict resolution and how to evaluate yourself as a manager.

How Online Manipal can fuel your entrepreneurial dreams 

Hello, aspiring business mavens! In today’s ever-evolving business environment, the good news is that you don’t need to go to a university to improve your knowledge and build connections. In our increasingly digital era, the accessibility and flexibility of online education have broken down the traditional barriers to knowledge. As an entrepreneur, you’re no stranger to the art of capitalizing on opportunities. However, in your quest to innovate, disrupt markets, and build a successful enterprise, do you sometimes feel like you’re missing a piece of the puzzle?  

Enter the world of online degrees. They’re not just for corporate ladder-climbers anymore. Today’s entrepreneurs are turning to online education as a valuable resource to enhance their skills, broaden their understanding, and spark creativity without compromising on their enterprising endeavors. With a wealth of courses in business management, digital marketing, data analysis, and beyond, online degrees can be the key to unlocking an entrepreneur’s full potential. 

By providing access to a wide range of online courses from premium universities, Online Manipal can play a valuable role in the life of entrepreneurs. So, whether you’re an aspiring entrepreneur with a million-dollar idea but not quite sure where to start, or a seasoned business owner looking to inject some fresh knowledge into your venture, here’s why you should join us on this enlightening journey. 

Learn remotely 

As an entrepreneur, you will have multiple commitments and attending university to get a degree is not even an option. This is where Online Manipal comes to the rescue. Degrees available on Online Manipal are flexible and help you progress at your own pace. Irrespective of your geographic location, you can learn from wherever you are and earn a valuable degree.  

Turn your weaknesses to strengths 

As an entrepreneur, you are required to possess versatile skills and knowledge to understand every aspect of your business. You might have some weak areas that affect your business in ways you may not even realize. It is important to build the essential knowledge you need to run your business successfully. An online degree in your chosen field allows you to gain the necessary knowledge you require and help you improve your business. With Online Manipal, you can get access to extensive e-libraries consisting of over 2,00,000+ e-books. 

Gain valuable skills 

Becoming a successful entrepreneur might be natural for some, others need to ace some key skills to lead a successful business. Successful entrepreneurs must possess both hard skills and soft skills. Here are some key skills that entrepreneurs must have. 

Business management skills: Entrepreneurs must ensure their business goals are met, for which they require business management skills. They must be able to operate across departments and ensure each department contributes to business growth and development. 

Communication skills: Effective communication is a must have for every entrepreneur. When you communicate well about your business, you should be able to convince your clients and customers to buy your product. 

Negotiation: Whether it’s securing deals with vendors, negotiating contracts, or resolving conflicts within the team, effective negotiation skills are a must for any entrepreneur. 

Leadership skills: As the driving force behind your businesses, entrepreneurs must be effective leaders. This includes being able to inspire and motivate a team, manage resources efficiently, and make strategic decisions that move the business forward.  

Networking: Building relationships with other entrepreneurs, potential investors, customers, and other stakeholders is a key part of entrepreneurship. Strong networking skills can open doors to new opportunities and partnerships. 

Pursuing an online degree helps you gain these key skills that create the pathway for a successful business.  

Find potential clients 

Meeting new people is essential in every entrepreneur’s life. You need to constantly connect with people to gather potential clients and customers who will contribute to your business and recommend your brand to their contacts. Building a solid contact base is essential for every entrepreneur, and with Online Manipal, you can network and connect with peers, faculty, industry leaders, and experts. As an entrepreneur, you can build valuable connections that may come in handy when you are looking to expand your business. You can expand your professional network, get industry insights, and access the alumni network- all of which will benefit the growth of your business. 

Hire valuable people 

While connecting with peers, you may find a person you want to hire for your business. You can lookout for newcomers who are looking for job opportunities to enter the market. With the growing popularity of startups, you may get several interests to join your organization. Since your peers are from diverse backgrounds and industries, you will have a pool of options to choose from. 

Study at an affordable price 

Some entrepreneurs might find it hard to manage funds at times and spending a lot of money on a degree might not be always possible. But why worry when you can access online degrees? Online courses cost a fraction of what it would cost to get a regular on-campus degree. You can learn key skills and improve your knowledge at a valuable price. Moreover, Online Manipal offers easy financing options and a wide range of scholarships, that will help you reduce your financial burden. 

Read more: Top scholarships offered by Online Manipal 

Why entrepreneurs must do online MBA 

Online MBA programs are specially designed to suit the schedules of working professionals or entrepreneurs, who cannot devote too much time into academics. Pursuing an online MBA allows entrepreneurs to study at their own flexibility and convenience, expand their domain knowledge, gain key business skills, build valuable networks, and earn a degree at an affordable price. Online MBA helps them keep up with the latest trends, skills, and strategies to build and grow their business successfully. Completing an MBA can give entrepreneurs a significant confidence boost. It can also add to their credibility when dealing with investors, partners, and clients, showing that they have a thorough understanding of business management principles. 

Read more: Value of MBA for entrepreneurs 

Top degrees for entrepreneurs on Online Manipal 

If you are an aspiring entrepreneur or already running your business, here are some of the online programs you can pursue to enhance your business skills.

Bachelor of Business Administration (BBA) 

A Bachelor of Business Administration (BBA) degree can be an excellent foundation for aspiring entrepreneurs. It provides a broad understanding of business principles and practices, equipping students with the necessary skills to start and manage a business successfully. 

Read more: How a BBA degree helps in entrepreneurship 

Master of Business Administration (MBA) 

An MBA degree can be the perfect pick for an entrepreneur because you will learn various aspects such as marketing, sales, management and accounting. You can choose to pursue an MBA degree with any specialization of your choice, that will help you run your business better. MBA in Marketing, MBA in Finance, MBA in Entrepreneurship are some of the programs you can choose. 

Data Science & Business Analytics 

If you are running a business largely driven by tech, then you can pursue an online degree or certificate course in data science or business analytics. You will learn the skills to analyze large volumes of data and make informed business decisions. You will learn how to leverage data modelling tools in ways that will benefit your business. 

Conclusion 

The revolution of online education has thrown open a world of opportunities for entrepreneurs of today. So, whether you’re a budding entrepreneur preparing to launch your dream, or a seasoned business owner seeking to refresh your knowledge and skills, online degrees can be a powerful resource. Stay curious, stay dedicated, and keep learning. Here’s to your entrepreneurial success! 

Data Visualization Specialist: Roles, Responsibilities, and Salary

In today’s data-driven era, data is being generated at an unprecedented rate. As the data landscape evolves, it has become important to leverage accessible ways to view and understand data. Data visualization comes to the rescue in such situations.

Data visualization is pivotal in making sense of all this information and turning it into actionable insights. Considering the current pace, the global data visualization market will grow at a CAGR of 9.69% from 2020 to 2027.

As big data and technology industries continue to grow and evolve, customized reports and dashboards will become integral to businesses, implying increasing demand for data visualization professionals.

What is Data Visualization?

Data visualization means transforming data from numbers and figures into a beautiful visual representation, making the data more understandable. The tool assists businesses in identifying factors affecting customer behavior, indicating areas that require improvement, and making data more memorable.

Benefits of data visualization include:

  1. Simplifying large and complex data: Data visualization creates small ‘packages’ (units of information) to convey ideas that can be stored in your viewer’s short-term memory.
  2. Accelerate decision-making process: Decisions may be made more quickly with data visualization, and viewers can see patterns and trends much more clearly.
  3. Discover hidden patterns and outliers: With data visualization, businesses can discover trends, patterns, and relationships that are not easily discernible from numerical data.

Also read: PGCP in Data Science & Machine Learning (PGCP-DSML)

Who is a Data Visualization Specialist?

Data visualization specialists are professionals who can represent raw, scientific data as images and provide a clear and intuitive approach to processing big data analytics.

The key responsibilities of a data visualization specialist are:

  • Generating visual depictions of text-based or numeric data to reveal patterns, trends, or correlations between different points
  • Creating dashboards to showcase information
  • Creating and editing visual content such as maps, charts, scatter plots, and graphs
  • Helping decision-makers gain an overview of patterns, trends, and insights and draw actionable conclusions

Skills and Qualifications

A bachelor’s degree in information technology, computer science, data analysis, computer science, data science, statistics, or mathematics is recommended for pursuing a career in data visualization. A master’s degree or a certification course in data visualization can get you better, higher-paying jobs.

Technical skills required for a Data Visualization Specialist

  • Proficiency in data visualization tools – As a data visualization scientist, it is very important to select the right software tools (Tableau, Power BI, etc.) to highlight the objectives best when presenting data. 
  • Knowledge of data manipulation and cleaning techniques – Ability to detect outliers and remove multicollinearity.
  • Understanding of design principles and aesthetics – Ability to select the right color and contrast to enhance your visual content and eliminate obscure visual elements.

Analytical and communication skills required for a Data Visualization Specialist

  • Strong storytelling and presentation skills – Drafting a compelling narrative using storytelling.
  • Ability to analyze complex data sets and identify key insights – Proficiency in data analytics, recognizing patterns, and developing audience understanding.
  • Collaboration and teamwork abilities – Coordinating with a team to refine and streamline the process.

Industry Applications

From healthcare and finance to hospitality, professionals work with data visualization scientists to gain important data insights. Here are a few real-world examples of data visualization use cases:

  • Healthcare: Data visualization finds use in analyzing costs and claims, clinical information, understanding patient behavior, and pharmaceutical information. Example: Apollo Hospitals, for example, use a combination of data analytics and visualization to work on their HIS (Hospital Information System).
  • Retail: Data visualization can provide insight into customer behavior. It can help businesses better anticipate customers’ demand and supply products accordingly. Reliance Group formed a private cloud with a visualization technique (tableau) to gain a competitive edge for its entertainment arm – Reliance Games.
  • Finance: Data visualization tools can help forecast market fluctuation in the stock market, develop instant products, and present a clearer picture of your cash flow. For example, ICICI Bank uses data visualization to facilitate better targeting and product alignment.

Also read: Role of Data Science in Stock Market Trading

Customized data visualizations can provide a tailored view of a specific topic based on the industry’s requirements. It involves modification of the dashboard per individual preferences and requirements.

Career Prospects for Data Visualization Specialists

The data visualization industry is expected to grow steadily and provide competitive salaries while ensuring good career advancement. An associate degree may be helpful, but a master’s or doctoral program can provide even more opportunities to achieve supervisory roles and better pay.

Data Visualization Specialist roles include the following:

  • Data Visualization Specialist
  • Data Scientist
  • Business Intelligence Analyst
  • Data Engineer

Also read: Master’s in Data Science: Key to UAE’s data economy

Data visualization is a skill that demands constant upgradation. To continuously sharpen your lifelong learning as a data visualization scientist, check out the MSC in Data Science program by MAHE.

Remuneration and Salary Range

The average yearly Data Visualization Specialist salary in India is 6.0 Lakhs, with salaries ranging from 2.1 Lakhs to 17.0 Lakhs. The salary for these professionals is mainly based on their qualification level, work experience, and data processing, analysis, and presentation abilities.

Job TitleAverage Annual Salary
Data Visualization Scientist₹ 8,00,000
Data Visualization Engineer₹ 9,76,133
Data Visualization Analyst₹ 6,02,784

Source

The benefits and perks commonly associated with a data visualization role:

  • Always high in demand
  • Scope for career advancement
  • High earning potential

Challenges and Best Practices

Managing data complexity and volume is the biggest challenge in data visualization. However, professionals can overcome these difficulties by managing incoming data quality, avoiding data duplication, and ensuring referential integrity.

Here’s how to protect data against misuse:

  • Having a robust data governance policy addresses this data privacy challenge.
  • An effective data governance program assures your organization the confidence to make data widely accessible yet secure.
  • Always use tools with end-to-end encryption, authentication, authorization, and backup features.

The best practice for effective data visualization and storytelling is focusing on four elements of effective storytelling:

  • Character – Target audience
  • Setting – Current scenario (such as a drop in sales figures)
  • Conflict – Identifying the root cause (such as product price or packaging)
  • Resolution – Propose a solution

Also read: The impact of business storytelling in the digital world

Tools and Resources

Here are some commonly used data visualization tools:

  • Tableau: Allows users to create visually appealing and highly interactive reports and charts.
  • Infogram: A visualization tool for social media to create infographics, charts, dashboards, and interactive reports.
  • Plotly: An open-source module of Python, Plotly can help create aesthetically pleasing, interactive plots.
  • Google Charts: A cloud-based data visualization tool to add interactive charting capability and enhance web applications.

Learning Data Visualization with MAHE

The Manipal Academy of Higher Education (MAHE) offers a 24-month online  M.Sc Data Science program that covers machine learning, big data analytics, statistics, and visualizations. The online degree course equips you with the knowledge and skills to deal with real-world data. Students will also learn to develop strategic and tactical recommendations without pausing their work schedule & other commitments.

Conclusion

The future of data visualization is brimming with opportunities. With interactive visualization, machine learning, and effective data storytelling, data visualization tools are expected to become even more powerful at simplifying complex information for a wide audience. As more and more companies seek to utilize the power of data, honing your data visualization skills can boost your career.

Popular Questions About a Career in Business Analytics

Business analytics (BA) is the art of leveraging data analysis, statistical modeling, and other quantitative methods to solve business problems. It entails a rigorous examination of an organization’s data, focusing on statistical analysis to inform decision-making. Successful business analytics relies on three key factors: high-quality data, knowledgeable analysts with industry and technological expertise, and a commitment to utilizing data to drive informed business decisions.

There are many career prospects in business analytics today because of the increased demand for data-driven decision-making across organizations. These include data and business analysts, data scientists, and so on. Students contemplating pursuing this esteemed course must read ahead to bust some myths and gain perspective about common questions regarding MSc in BA.

Frequently Asked Questions on MSc in Business Analytics

  1. What is the job outlook for professionals in the field of business analytics?

Business analytics professionals have a very promising future in terms of employment. Finding trained employees who can efficiently analyze and understand data is challenging for many organizations. This talent gap opens up many work opportunities for those with the necessary skills and expertise. According to recent projections, the analytics market in India will grow at a CAGR of 33.5% and generate over $3 billion in revenue yearly.

  1. What are the typical job roles and responsibilities in business analytics?

Depending on the organization and industry, specific job positions and duties in business analytics may differ, but the following are some typical roles and their duties:

  • A data analyst’s primary obligation is to connect data to choices that will increase the company’s production and efficiency.
  • A business analyst’s duties include evaluating and identifying potential improvements to the organization’s business processes.
  • Business analysts collaborate closely with stakeholders to identify business issues, collect and analyze data, and offer suggestions for decision-making based on that data.
  • A data engineer creates, updates, maintains, and tests new technology to ensure it can handle the algorithms created by previous data scientists.
  1. What industries and companies hire business analytics professionals?
SectorFirmExamples
TechnologySoftware development firms E-commerce platformsTechnology consultanciesGoogleAmazon Microsoft IBMOracle
FinanceBanksInsurance companiesInvestment firmsVisaGoldman SachsJPMorgan ChaseCitigroup 
HealthcareHealthcare technology companies Pharmaceutical companiesHospitalsJohnson & JohnsonPfizerUnitedHealth Group
  1. What qualifications and educational background are required for a career in business analytics?

Many companies lookout for candidates with at least a bachelor’s degree; however, some may hire applicants without an undergraduate degree. Additionally, you can study business principles and computer programming and pursue a minor in one of business analytics’ core areas to further your understanding. An advanced degree can lead to greater employment prospects and higher income.

  1. What technical skills are important for a successful career in business analytics?

To transform data sources into practical solutions, you must have a conceptual and practical understanding of tools and computer languages. The technical skills required for business analytics career include the following:

  • Structured Query Language (SQL)
  • At least one computer language, like Python or R
  • Statistical programs like SPSS, SAS, Sage, Mathematics, and Excel
  1. How can a fresher gain experience in business analytics before enrolling in the course?
  • Look for companies or organizations in your region that provide internships or co-op programs. These programs give you practical experience and let you work on actual tasks while being guided by experts.
  • Start working on personal projects that require you to analyze data and solve business problems. Choose a real-world business issue or difficulty, collect pertinent data, and use your analytical abilities to gain understanding and create solutions.
  • Enroll in online programs or boot camps that include real-world assignments in the curriculum.
  1. What is the average salary range for professionals in business analytics?

There is much lucrative salary potential in the business analytics field, the average being INR 6,25,000. A fresher business analyst can make up to INR 3,00,000 per year. Experienced analysts with over 15 years of experience can earn up to INR 12,90,000 annually.

  1. What are the potential career growth opportunities in business analytics?

As the need for people with strong analytical and strategic skills increases, business analytics provide several prospects for career progression.

A business analyst may advance to a senior-level position as they gain knowledge and experience. In this role, they may oversee teams, direct analytical projects, and work directly with stakeholders to promote data-driven decision-making.

Business analytics professionals skilled in data visualization and dashboard creation may choose to become business intelligence (BI) managers.

  1. What certifications or additional training can enhance my prospects in business analytics?

There are many business analytics certification options to learn BA basics for a headstart in the field. Look for business analytics certification programs or degrees that fit your job objectives. Consider obtaining business analyst qualifications to differentiate yourself from other job applicants and rise the corporate ladder faster. An active or most recent credential can demonstrate to employers that you possess the abilities, expertise, and track record necessary to succeed in a position.

The list of beneficial certifications you can obtain as a business analyst is provided below:

  • Certified Analytics Professional (CAP)
  • Entry Certificate in Business Analysis (ECBA)
  • Certification of Competency in Business Analysis (CCBA)
  • Certified Business Analysis Professional (CBAP)
  • Certification in Business Data Analytics (CBDA)
  1. How does business analytics contribute to the decision-making process in organizations?

Business analytics uses data analysis, statistical techniques, and predictive modeling. This is further used to produce insightful data that helps organizations make better decisions. It aids in the discovery of patterns, trends, and possibilities, enabling data-driven choices that improve performance, streamline operations, and drive corporate expansion.

How does MAHE’s MSc in Business Analytics help you?

MAHE’s MSc in Business Analytics aims to create business analytics specialists who want to establish themselves in the incredibly promising analytics and data science industries. The business analytics market sees a huge demand for qualified professionals across corporate sectors. The program will prepare candidates to apply analytics in functional business areas such as Finance, Operations, Human Resources, and Marketing. The course is interdisciplinary and application-oriented, built based on industry inputs.

Increased earning potential, employable business analytics abilities, and learning in-demand analytics tools are some of the program’s advantages and benefits.

Conclusion

In sum, business analytics uses data analysis, statistical models, and quantitative techniques to aid in decision-making inside organizations. It offers priceless insights that support business growth, process improvement, and strategic decision-making. Students who complete the MAHE MSc in Business Analytics program are prepared to succeed in the analytics sector, expanding their job options and raising their earning potential.

Top 5 Reasons Why MBA is the Best Through Online Manipal

An MBA is a postgraduate degree that offers students advanced management and business skill sets. It prepares students for leadership roles in both corporate and entrepreneurial settings by covering various topics like finance, marketing, operations, strategy, and leadership.

An MBA is essential for broad business understanding, problem-solving abilities, and educated decision-making. It provides chances for cooperation, networking, and hands-on learning. It also benefits professional development by raising earning potential and expanding career opportunities for senior-level positions.

An increasing number of students are pursuing online master’s degrees due to the development of faster internet technologies, contemporary integrated communications systems, and the coronavirus pandemic. Manipal Educational and Medical Group is renowned for its prestigious management programs, and it provides an online MBA program through Online Manipal to give working professionals and people who cannot attend on-campus lectures flexibility and accessibility.

To build successful career paths in the field and industry of their choice, learners can select from 13 career-focused electives, including HR, Finance, Marketing, Operations, International Business, and Analytics & Data Science. Let’s explore the top benefits of earning an MBA from Online Manipal.

Flexibility and Convenience

Two important elements that increase the benefits of an MBA through Online Manipal are flexibility and convenience.

  • Students can study at their speed and convenience with an online MBA program.
  • They can review materials, participate in conversations, and work with peers, thanks to the availability of video lectures, online discussion forums, and digital resources.
  • There are no geographical restrictions with an online MBA.
  • With a strong internet connection, students can access the program from anywhere in the world. This makes it ideal for people who cannot or do not want to relocate for their education.
  • Moreover, it allows students to customize their learning to fit their specific needs, making it a perfect option for those aiming to advance their careers while managing other responsibilities.

Quality Education and Accreditation

When assessing an online MBA program’s value and reliability, criteria like accreditation and recognition, highly qualified professors, and a practical and industry-relevant curriculum are crucial. You can acquire all three at Online Manipal.

  • When a program is accredited, it guarantees that it adheres to established academic criteria.
  • It ensures that employers and other academic institutions will accept and recognize the degree it confers.
  • The caliber of the teachers also greatly influences the total learning experience of an online MBA program. Leading academics from Online Manipal teach the courses to its pupils to ensure real-life learning beyond books.
  • Moreover, the online MBA program at Manipal is developed with practical application in mind and as per market demands.

Thus, you can make the most of your master’s experience with the flexibility of an online MBA through Manipal.

Key Highlights of Online Manipal’s MBA
Strong Placement Record
UGC-entitled
NAAC A+ accredited
Superior Placement Assistance

Networking Opportunities

An online MBA program through Online Manipal provides several advantages in networking with diverse students and professionals, collaborating online, and accessing alumni networks and industry connections.

  • It has a large alumni network for its online MBA learners as well. Accessing this alumni network might open up networking, career mentoring, and counseling options for students. Alumni can discuss job possibilities, provide helpful industry insights, and offer support as you progress through your professional life.
  • Students can contact industry leaders and experts through an online MBA at Manipal. This can be done through guest lectures, workshops tailored to particular industries, or university-sponsored networking events.
  • The online Manipal community is diverse, bringing a range of viewpoints, life experiences, and cultural insights to the classroom. Your horizons can be opened up, and interaction with a diverse cohort can improve your comprehension of international business procedures.
  • A helpful alumni network and meaningful friendships with alumni often lead to them referring MBA students for good job opportunities. It can help you land your first job and start your corporate career easily based on merit.

Cost-Effectiveness

The affordability of online MBA programs is one benefit that is frequently mentioned and what usually attracts students toward choosing these programs.

  • Tuition costs for online MBA programs are typically lower than those of their conventional on-campus counterparts.
  • Institutions may find it more cost-effective to conduct courses online, and these savings are often a blessing  to the students.
  • With an online MBA, you can study from the comfort of your home or any other convenient location. This saves you money on transportation expenditures.
  • Additionally, there is no need to spend money on housing on campus or moving closer to the university.
  • Traditional MBA programs frequently demand additional expenses, including meal plans, textbooks, parking, and utility fees. Conversely, there are fewer or no additional costs of this kind for online MBA programs.

Online MBA through Online Manipal brings you all of these savings.

Career Advancement and Global Opportunities

There are several benefits to earning an online MBA from Online Manipal, including prospects for job progression and travel.

  • Moreover, you can develop strategic thinking, decision-making, problem-solving, and team management knowledge and skills through specialized courses. 
  • Students will gain hands-on learning industry experiences through case studies and real-world projects.
  • Through its online MBA program, Online Manipal provides students access to job openings, career tools, and professional development services.
  • Job boards, aid with resume writing, interview coaching, and career counseling are a few examples of these services.

These tools can assist you in discovering new job avenues, moving up the corporate ladder, or even switching industries.

Conclusion

Online Manipal’s online MBA program provides convenience, flexibility, and a useful curriculum. It offers chances to collaborate online, meet people from other backgrounds, access alumni networks, and make contacts in the industry. With cheaper tuition costs and savings on travel and lodging, the program is more affordable than standard MBA programs. It improves managerial abilities, offers employment chances, and creates pathways for international career progression. Enroll in our courses today!

Business Analyst vs Financial Analyst: Find the ideal career

With titles like Business Analyst and Financial Analyst, it’s easy to find oneself confused. Although they might sound somewhat similar, each carries a unique set of responsibilities, skill sets, and perspectives that cater to distinct aspects of a business. Despite both titles containing the word ‘analyst,’ these professionals operate in different spheres, each contributing to the overall success and prosperity of an organization in their unique way. 

Who is a business analyst?

A business analyst is a professional who uses data to assess the processes, systems, and operations of a business and identify areas that can be improved. They are instrumental in guiding businesses in improving processes, products, services, and software through data analysis. Some of the roles of a business analyst include requirement gathering & analysis, business process improvement, data analysis, project management, risk management, and more. 

Who is a financial analyst?

A financial analyst is a professional who studies various financial data and uses their findings to help companies make business decisions. They work in a variety of sectors, including banking, insurance, investment services, manufacturing, and healthcare. Their analysis forms the basis for strategic planning, investment activities, risk management, and financial forecasting.

Roles & responsibilities: Business analyst vs financial analyst

Before we see how to become a business analyst in India, let’s discuss the roles and responsibilities of a business analyst

Business Analyst roles & responsibilities

  • Analyzing and evaluating a company’s current business practices to identify possibilities for improvement
  • Research and evaluate current company practices as well as new IT advances to make systems more modern
  • Attending meetings and presenting ideas and conclusions
  • Staff members are educated and coached
  • Creating initiatives based on the company’s needs and requirements
  • Creating projects and keeping track of their development is a must
  • User and stakeholder participation
  • Working with partners, clients, senior management, and technicians

Also read: Important business analyst skills

Financial analyst roles and responsibilities

  • Creating metrics to identify the company’s financial performance
  • Drafting the company’s financial reports and discussing them with the stakeholders
  • Analyzing and forecasting financial trends to initiate the budget of the company
  • Keeping track of investment trends to help the company make upcoming investments
  • Recommending and implementing various strategies for improving the company’s finances
  • Auditing the discrepancies and miscalculations in the financial statements of the company

Read more: Easy guide on how to become a financial analyst

Skills: Business analyst vs financial analyst

Business AnalystFinancial Analyst
Understanding of statisticsBusiness valuation & financial modeling
Knowledge of business structuresCorporate finance and accounting
Needs analysisSolid understanding of equity research, hedge funds, bonds, securities, etc
Expertise in data research Proficiency in Tally, Hyperion, SAP, SQL, QuickBooks
Expertise in Microsoft Excel, Word, PowerPoint, PowerBIData analysis
Excellent communication, problem-solving, decision makingKnowledge of financial markets

Salary: Business analyst vs financial analyst

The average salary for a business analyst in India is INR 8.5 LPA. However, your salary will depend on various factors like master’s degree, technical knowledge, relevant skills, and the company you work for. You can also explore business analyst jobs abroad. In the US, the average salary for a business analyst is USD 94,425 per annum.

The average salary of a financial analyst in India is INR 5.7 LPA. If you want to explore this job opportunity in the US, the average salary is USD 74,647 per annum.  

Educational qualification: Business analyst vs financial analyst

Business analyst educational requirement

To become a business analyst, having a business-related degree is helpful. You can be a business analyst with an undergraduate or a postgraduate degree. However, the chances of landing a good job as a business analyst after an undergraduate degree are very low in India. Hence, many people opt for a master’s degree, a PG diploma, or online certification or degree. 

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

Financial Analyst educational requirement

A financial analyst needs to have a lot of quantitative skills, so pursuing a degree in a related field can help you. The following educational qualifications can help you to become a Financial Analyst:

  • MBA in Finance
  • B.Com Hons (Eco/ Accounting/ Finance)
  • BCom (Financial Markets)
  • PG Diploma in Finance/ Accounting/ Economics/Statistics/ Mathematics

Conclusion

If you are looking to become a business analyst, then you can enroll for an online MSc in Business Analytics offered by Manipal Academy of Higher Education, through Online Manipal. You can also choose an online MBA in Business Analytics

If you are looking to explore a career as a financial analyst, you can pursue your online MBA in Finance offered by Manipal University Jaipur. 

With Online Manipal, you can attend classes scheduled at convenient timings, access extensive e-learning materials and e-books, study at your own pace, interact with peers & faculty, and get placement assistance services, all at an affordable price.

How an MBA Helps Healthcare Entrepreneurs

MBA benefits for healthcare entrepreneurs include access to resources like libraries and industry conferences, as well as essential business skills and knowledge, strategic thinking and planning abilities, valuable networking opportunities, understanding of healthcare systems and regulations, financial management expertise, marketing and branding insights, and leadership and team management abilities.

With the help of these benefits, healthcare entrepreneurs can successfully run their businesses, deal with the complexity of the healthcare sector, make wise decisions, and promote long-term success. The future of healthcare will be shaped by entrepreneurship, promoting innovation, and patient care. It increases public access to healthcare services, boosts economic growth, and answers changing healthcare demands.

Understanding the Healthcare Industry

Hospitals, clinics, medicines, biotechnology, medical equipment, digital health, and health insurance are just a few industries that make up the healthcare sector. Complex regulatory structures, quick technical breakthroughs, changing patient expectations, and financial limitations define the sector.

However, this field faces a particular set of difficulties that must be overcome:

  • Healthcare businesses frequently need large sums of money for R&D, clinical testing, regulatory approvals, and market penetration. 
  • The effectiveness, efficiency, and patient experience of healthcare are all significantly improved by technology. However, interoperability, data security, regulatory compliance, and reluctance to change present difficulties for integrating technology in healthcare.
  • Another potential challenge is healthcare entrepreneurs’ difficulty accessing the market and receiving fair remuneration for their innovations.

Healthcare entrepreneurs can help address some of these issues and positively impact patient outcomes in the following ways:

  • Innovative technologies, goods, and services that improve patient outcomes are being developed at the forefront by business people in the healthcare industry. Businesses develop innovative treatment techniques, diagnostic instruments, medical devices, and digital health solutions to increase the precision, efficiency, and efficacy of healthcare delivery.
  • Entrepreneurs in the healthcare industry offer procedures and technology that improve the provision of medical care, ease administrative burdens, and cut costs.
  • Healthcare entrepreneurs use data analytics and artificial intelligence to extract insights from healthcare data. Patterns and trends can be analyzed to find chances for improvement.

Business Management Skills

An MBA program provides individuals with core business management abilities that are highly relevant and important in the healthcare profession. Entrepreneurship opportunities with an MBA are plenty, partly because of the business skills gained from an MBA. These skills include the following:

  • Financial Analysis and Performance Measurement

MBA programs teach financial analysis techniques that help business owners evaluate the viability of their businesses, monitor performance indicators, and make informed decisions. This entails assessing return on investment (ROI), performing financial forecasting, and analyzing key financial statistics.

Healthcare entrepreneurs must have strong financial management abilities to obtain funding, utilize resources wisely, and maintain the success of their businesses.

  • Strategic Planning

Entrepreneurs must establish a long-term vision and strategic business goals. Entrepreneurs may better define their mission, create a roadmap, and match their activities with their goals using strategic planning abilities.

The ability to strategically plan allows healthcare entrepreneurs to successfully negotiate the complicated healthcare landscape, adjust to shifting market conditions, and set up their businesses for long-term success.

  • Operations Management

To supply services more successfully, entrepreneurs need to have the ability to analyze processes, spot bottlenecks, and put process improvement plans into place.

Delivering high-quality, effective healthcare services requires operations management expertise. Entrepreneurs may enhance patient experiences, save costs, and promote operational excellence by enhancing processes, streamlining supply chains, and ensuring quality.

Eligibility Criteria and Educational Requirements

Refer to the following table to know about the requirements for pursuing an MBA in healthcare:

Educational RequirementsGraduation from a recognized university
Minimum Marks50%
EntrancesCAT, XAT, SNAP, CMAT

Building a Strong Network

  • In the ecosystem of healthcare entrepreneurship, networking is crucial since it offers priceless chances for cooperation, mentorship, information sharing, and resource acquisition. Entrepreneurs in the healthcare sector can create a strong network by enrolling in an MBA program.
  • Entrepreneurs in the healthcare sector can connect through networking with experts in the field, thought leaders, and seasoned professionals with in-depth information and insights. These relationships can offer direction, mentorship, and insightful counsel on negotiating the challenges of the healthcare sector, the regulatory environment, and market trends.
  • The industry’s stakeholders, such as healthcare providers, research institutes, and technology firms, can network with healthcare entrepreneurs.
  • Entrepreneurs in the healthcare industry can connect with possible investors, venture capitalists, and funding prospects through networking.

Developing a Business Mindset

By promoting the critical thinking, problem-solving, and decision-making abilities necessary for success in healthcare entrepreneurship, MBA programs help students develop an entrepreneurial attitude.

Entrepreneurs may evaluate information, analyze difficult circumstances, and make informed judgments using critical thinking abilities. Entrepreneurs in the healthcare sector must evaluate patient demands, regulatory restrictions, and market trends closely to find novel business prospects.

Healthcare entrepreneurs must have strong problem-solving abilities to overcome obstacles, including regulatory complications, resource limitations, and shifting patient expectations. An MBA program equips students to pinpoint underlying issues, develop plans, and implement solutions for healthcare issues.

Making wise decisions is essential to running a successful healthcare business. MBA programs for healthcare entrepreneurs provide analytical skills, financial knowledge, and risk assessment frameworks especially useful in the healthcare industry. Entrepreneurs must choose wisely and quickly when entering new markets, finding funds, forming alliances, and allocating resources.

Access to Resources and Support

Healthcare entrepreneurs need resources and support networks like incubators, accelerators, and entrepreneurship centers to get advice, mentorship, and access to various resources. 

Thanks to healthcare-specific incubators, entrepreneurs can build their businesses in real space, with infrastructure, and in a helpful environment. These programs provide access to industry experts, networking opportunities, and mentoring.

Accelerators for the healthcare industry offer comprehensive programs designed to hasten the growth and development of healthcare companies. These programs often provide access to industry networks, coaching, educational sessions, and mentoring. Additionally, accelerators offer chances to get capital and make pitches to possible investors.

Healthcare entrepreneurs can receive various support from entrepreneurship centers housed within universities or other organizations.

Here is why MAHE’s MBA in healthcare is your best option!

  • The MBA in Healthcare program by MAHE will give students the know-how, abilities, and experience necessary to succeed in leadership and management positions in the healthcare industry. 
  • The program provides a thorough overview of the healthcare sector, covering various topics, including healthcare systems, legislation and regulations, finance, operations, etc.
  • MAHE’s MBA in Healthcare program faculty comprises seasoned professionals and subject matter specialists.
  • MAHE supports healthcare-related research and invention.

Conclusion

In conclusion, an MBA program offers healthcare entrepreneurs several advantages, such as developing business skills, the capacity for strategic thinking, and beneficial networking opportunities. These advantages help business owners successfully negotiate the healthcare sector’s complexity. Moreover, healthcare entrepreneurs may promote innovation, enhance patient outcomes, and meet the changing demands of the healthcare sector by fusing business savvy with sector-specific knowledge. Students can enroll in MAHE’s MBA program to gain these abilities and succeed in the industry.

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