Online MBA from Manipal University Jaipur: Eligibility, fee, and admission process Manipal University Jaipur (MUJ) is a renowned institute acknowledged for its academic excellence and holistic approach. MUJ was established in 2011 and quickly built up an enviable reputation for offering high-quality learning and producing industry-ready graduates. In 2021, MUJ expanded its offers by incorporating online degree programs to adapt to the shifting educational scenario. MUJ’s online degrees adhere to equivalent stringent academic norms and coursework as their on-campus parallels, ensuring the degrees’ integrity and significance. Working environments are undergoing rapid shifts as an aftermath of tremendous advancements in technology. As a result, there is a higher demand for professionals in management and leadership roles. Businesses today are actively seeking employees with relevant management skills and expertise. Thus, an online MBA program is ideal for those who wish to step into the competitive business arena with confidence. MUJ offers an online MBA program through Online Manipal that uses the latest technologies and novel instructional techniques to support the acquisition of practical abilities and industry-relevant knowledge. Also read: Who will be my peers in an online MBA? Manipal University Jaipur online MBA Overview ParticularsDetailsProgram NameOnline Master of Business Administration (MBA)UniversityManipal University JaipurProgram FormatOnlineProgram LevelPostgraduateDuration2 years (4 semesters)SpecializationsFinance, Marketing, HRM, Analytics & Data Science, Retail Management,BFSI, IT & FinTech, Operations Management, International Business,Information System Management, Project Management, Supply ChainManagement, and Total Quality ManagementProgram FeeINR 1,66,000 (INR 41,500 each semester)Career OpportunitiesGeneral Manager, Finance Manager, Operations Lead, HR Associate,Digital Marketer, Territory Manager, Supply Chain Manager, Quality Controller, Regional Sales Manager, Entrepreneurship, and many others. Also read: International job prospects for online MBA graduates Eligibility criteria for online MBA from Manipal University Jaipur Manipal University Jaipur Online MBA eligibility for domestic and international students is given below. For domestic candidates Candidates must have a 10+2+3-year bachelor’s degree from an accredited university/institution or a comparable degree recognized by AIU (Association of Indian Universities). Candidates should have a graduation grade point average of at least 50% (45% for reserved categories). Candidates have to pass the online aptitude test administered by Manipal University Jaipur as per the application procedure. Candidates with a valid score (40 percentile) on any aptitude test (CAT/MAT/CMAT/XAT/GMAT) do not need to take the aforementioned test. For International candidates Candidates need to have a 10+2+3-year bachelor’s degree from an accredited university/institution or a comparable degree acknowledged by AIU (Association of Indian Universities). Aspirants who passed their 10+2 or graduate-level study outside of India must present a certificate of equivalence validated by Association of Indian Universities. Candidates need to have a minimum score of 50% overall in their graduation. Candidates need to clear the online aptitude test administered by Manipal University Jaipur as per the application procedure. Candidates who have earned an acceptable score (40 percentile) on any aptitude exam (CAT/MAT/CMAT/XAT/GMAT) do not need to take the aforementioned test. Candidates who aren’t Indian citizens or who are dwelling overseas and have NRE or PIO status will be charged an international fee for the respective degrees and might be asked for documents such as a CV, address proof, valid visa, PR card, and passport copy as a requirement of the application process. Also read: Got a low CAT score? You can still pursue an online MBA from a reputed college Manipal University Jaipur online MBA fee Students can pay the online MBA fees in convenient installments using flexible-payment options. Also, with the option of no-cost EMIs, MUJ enables your education to bloom without the worry of financing. Full course fee: INR 1,66,000 Each semester fee: INR 41,500 EMI starting at: INR 6,917 per month How to apply for Manipal University Jaipur online MBA program? Online MBA admission requirements are as follows: Select and register for a program: Choose the program you want to study and register by providing basic information and paying the registration cost. Provide educational information: Fill up information about your education and professional experience. Pay program cost: Pay the admission cost for the first semester/year or the entire program. Upload the documents and apply: Upload supporting documents and papers and submit your application to finish the process. What are the different online programs offered by Manipal University Jaipur? Manipal University Jaipur offers an array of online programs geared to provide students with the necessary skills and information in a myriad of fields. UG programs BBA (Bachelor of Business Administration): MUJ’s online BBA program focuses on building well-rounded business leaders by giving an in-depth grasp of multiple facets of business management. Students obtain a firm basis for topics like administration, finance, marketing, HR, and entrepreneurship through intensive coursework. The program encourages critical thinking, problem-solving ability, and strong communication skills, equipping students for a variety of careers in business. BCA (Bachelor of Computer Applications): MUJ’s online BCA program is intended to equip learners with the abilities needed to flourish in the arena of computer applications. Students obtain experience in fields including programming languages, software creation, managing databases, web development, and networking via the integration of conceptual knowledge and pragmatic practice. The program prepares students to become skilled computer specialists capable of fulfilling the ever-evolving needs of the IT sector. BCom (Bachelor of Commerce): The online BCom program from MUJ offers students an established basic education in finance and commerce. Accounting, taxation, corporate law, economics, and the administration of finances are among the areas covered in the course. It sharpens students’ intellectual and decision-making abilities by combining academic principles with real-world scenarios, thereby qualifying them for promising careers in financial services, accounting, auditing, or associated industries. PG programs MBA (Master of Business Administration): MUJ’s online MBA program is a way for individuals who want to improve their managerial abilities and advance their careers. Finance, marketing, human resources, operations, and business analytics are among the specializations available through the program. Students get a strategic attitude, leadership skills, and an extensive awareness of business activities via a dynamic curriculum. Also read: What are the electives offered in Manipal University Jaipur’s online MBA program? MCA (Master of Computer Applications): The online MCA program provides students with advanced proficiency and skills in computer applications, with a focus on developing applications, system architecture, and networking. Students acquire the real-world knowledge and critical thinking skills essential to deal with complex IT challenges using hands-on assignments and industry-relevant training. MCom (Master of Commerce): The online MCom program from MUJ aims to improve students’ comprehension of advanced topics in business, finance, and accounting. Financial administration, marketing management, business study methodologies, taxation, and international business are among the topics covered in the curriculum. The program focuses on analytical thinking, research abilities, and making strategic choices, preparing students for employment in finance, accounting, consulting, or academia. MA JMC (Master of Arts in Journalism and Mass Communication): MUJ’s online MA JMC program focuses on building skilled media professionals using a comprehensive understanding of journalism and mass communication practices. Students gain key skills in narratives, production of media, and communication strategy through real-life tasks, industry projects, and engaging discussions, equipping them for positions in journalism, radio, PR, or multimedia. Online Manipal is your best source for globally recognized online degrees Online Manipal is a premier platform through which Manipal University Jaipur provides a broad range of globally recognized online degrees. These degrees are UGC-entitled and are widely recognized by prestigious employers and higher education schools worldwide. Their steadfast commitment to quality guarantees that each program is designed to comply with stringent academic and industry norms. Students who choose to pursue their degree through Online Manipal receive access to a faculty of seasoned professionals and acknowledged subject matter experts. The cutting-edge virtual learning environment allows for dynamic and engaging sessions, promoting a collaborative learning environment. Enrolling in a program through Online Manipal ensures a route to success, allowing individuals to thrive in their chosen industries and opens up various professional possibilities with the placement assistance services. Also read: Benefits of pursuing an online MBA program with placement assistance Conclusion Although there are various online MBA courses available, selecting the best online MBA program depends on the person’s requirements and future objectives. Consider the curriculum when you’re considering the program, and make sure it corresponds with your career ambitions. You can enroll in MUJ’s UGC-entitled online MBA program designed for both working professionals and recent graduates seeking to advance their careers.
International Branch Campuses: Transforming the landscape of higher education in India India’s education sector is experiencing a significant transformation in response to the evolving landscape of education, including the rise of EdTech and online learning. With the aim of making high-quality education more accessible and affordable, the National Education Policy (NEP) 2020 envisions the establishment of International Branch Campuses (IBCs) in India. In recent times, an increasing number of Indian students aspire to pursue higher education abroad. According to Statista, the number of Indian students migrated to foreign countries for higher studies has increased from 440k in 2021 to 750k in 2022, and the number is only going get higher in the coming years. Nevertheless, we are well aware of the challenges posed by educational loans and the emotional toll of relocating to a foreign land, far from family. But what if we revealed an alternative solution – a way to study at international campuses while staying in your own country? And the best part? It comes at nearly half the cost of studying abroad! What are International Business Campuses (IBCs)? International Business Campuses (IBCs) refer to educational institutions established by foreign higher educational institutions in a different country, typically in partnership with local authorities or universities. The purpose of these campuses is to provide high-quality higher education opportunities to students in the host country without the need for them to travel abroad. Key guidelines for establishing International Business Campuses (IBCs) in India The University Grants Commission (UGC) took a significant step on January 5 by unveiling draft regulations to enable the establishment and functioning of campuses of foreign higher educational institutions in India. This move signals India’s preparedness to welcome offshore campuses of globally acclaimed universities. As per the guidelines outlined in the regulations: Foreign institutions have the autonomy to set their fee structure, provided it is fair and transparent. The qualifications awarded to Indian students must be on par with those granted by prestigious foreign institutions in their home country. There are no restrictions on the recruitment of staff and faculty from both India and abroad. These campuses are not permitted to offer online or distance learning courses. Under the Foreign Exchange Management Act (FEMA), 1999, every foreign education institution will have the freedom to handle cross-border fund movement, maintain foreign currency accounts, adopt various modes of payments, and conduct remittance repatriation and sale of proceeds. How will foreign universities in India affect the country’s education system? These IBCs will provide Indian students with the opportunity to pursue world-class higher education without the need to travel abroad, alleviating the financial burden of education loans and the emotional strain of leaving their families behind. By allowing globally ranked universities to set up campuses in India, the country seeks to enhance its education ecosystem and attract a diverse pool of international students. International branch campuses bring global expertise and knowledge to the Indian education system. This allows students to benefit from a diverse range of academic programs, teaching methods, and research opportunities. It also promotes cultural exchange and fosters a global perspective among students. Highlights and challenges of International Branch Campuses The advantages of having campuses of foreign universities in India are manifold. Firstly, it provides Indian students with the opportunity to receive a world-class education without the need to travel abroad. This eliminates the financial burden of education loans and the emotional struggle of moving away from family. Additionally, international branch campuses bring global expertise and knowledge to the Indian education system. This allows students to benefit from a diverse range of academic programs, teaching methods, and research opportunities. It also promotes cultural exchange and fosters a global perspective among students. However, there are also potential disadvantages to consider. One concern is the potential dilution of the local education system and the dominance of foreign institutions. This could lead to a loss of cultural identity and a decline in the quality of indigenous educational institutions. Online learning – A better alternative to accessing world-class education The numerous benefits associated with the online courses and their global acceptance are making them the best alternatives to access world-class education from the comfort of your home. The prestigious Manipal institutes like Manipal University Jaipur (MUJ), Manipal Academy of Higher Education (MAHE), and T.A. Pai Management institute are now offering online degrees and professional certificates through the platform, Online Manipal. The classes are taught in a virtual setting by renowned faculty. Learners can access recorded lectures, extensive e-learning content, industry webinars, paid Coursera content, and benefit from scholarships, EMI options, and placement assistance services. Conclusion The establishment of International Branch Campuses in India has the potential to revolutionize the country’s education sector. While offering numerous advantages such as accessibility and affordability, careful consideration is required to address potential challenges and ensure the success of this ambitious initiative.
How to prepare an impressive CV for a business analyst role Companies want to constantly innovate and grow to ensure their survival in today’s competitive business environment or to expand their operations to a new level. A business analyst profile is brought in to engage with teams to develop solutions that bring value to the firm to achieve business outcomes to resolve this alignment challenge. Many organizations stake their chances on these professionals to identify market trends, maximize their efforts, and accomplish their objectives. Business analysts perform a wide variety of roles. They help their organizations understand what is needed for their business, and then they work with clients to determine how to meet those needs. As a result, they are often responsible for coming up with solutions that can be implemented within the company. What should a business analyst put on a resume? When applying for a business analyst job, it is essential to ensure your business analyst CV is in tip-top shape. Here are some tips to help you write a great CV: Make sure your CV is tailored to the specific job you are applying for. Highlight the skills and experience that are relevant to the position. Use keywords throughout your CV that are related to the job you are applying for. This will help your CV get noticed by applicant tracking systems (ATS). Keep your CV concise and easy to read. Use bullet points and white space to break up your text. Proofread your CV carefully before submitting it. Make sure there are no errors in grammar or spelling. By following these tips, you can write a business analyst CV that will help you stand out from the competition and land the job you want. Here are some components that can help your business analyst resume for freshers: Work experience The first thing that a potential employer will see on your resume is the section that lists your work experience. This is where you list the companies you’ve worked for and explain how long you were employed there, your job duties, and what you accomplished during your time there. Professional certifications Certifications play a key role in deciding your salary. If you have completed a certification course, you must mention it. This shows that you are qualified to do the job offered without taking additional classes or training programs first.” Key skills A business analyst resume’s key skills section can be beneficial in showing off what you’ve done before and what kind of job or career path you’re looking for next. You can include anything from professional certifications to hobbies and interests that have helped you grow professionally. Some of the skills you can mention in your business analyst resume for freshers as listed below. RoleSkillsData AnalysisInvestigation & reporting in businessVisualization of dataDevelopment of analytics reports and dashboardsManagement of productsStatistical analysisDatabase managementTools for statistical analysisProficiency in BA toolsPower BIMicro StrategyQilksenseTableauPythonSQLExcelLookerTechnical supportDevelopment of automationTroubleshootingAutomated technologiesDeveloping solutionsSystem evaluationCustomer service excellenceCollaboration across functionsGathering user requirementsClient needs evaluationRelationship management with stakeholdersManagement or leadership skillsMaking analytical decisionsTeamworkProblem-solving in a unique wayDelegationIT knowledge You must also highlight a few soft like like- Communication skills: A business analyst is an expert who interacts with different users and project stakeholders. So, a fundamental component of business analyst work is communication. You are expected to interact with others, pay attention to your coworkers, lead meetings, and much more. Your capacity for effective communication will be a key factor in determining the outcome of your project. As a result, you must be able to speak clearly, communicate effectively, and guarantee that your point is understood. Organizational skills: The organization is crucial to a business analyst’s work. You have access to a vast amount of data and documents that are crucial to the business. You should have a strategy for separating this information as a business analyst. Additionally, you should have access to the technology required to facilitate the prompt and efficient retrieval of any data. Problem-solving skills: Think differently if you want to succeed as a business analyst. Every project you work on will require problem-solving abilities. As a result, you must be able to use your imagination to reject convention and look for alternative solutions.A skilled business analyst should be able to provide innovative solutions inside the organization and be open to new concepts at all times. Strategic-thinking skills: This is possibly the most fundamental ability for a business analyst. You must be able to dissect a need into its parts to understand what a customer needs. Your primary responsibility is to analyze data, documentation, workflows, and user feedback surveys to develop solutions to business problems. You must possess strong analytical and strategic thinking skills to succeed as a business analyst. For people to network and share ideas, you should encourage meetings, workshops, and other gatherings. Presentation skills: You may have to lead a presentation or workshop in your capacity as a business analyst. You must be self-assured to speak in front of crowds about your initiative. Examine your language to show your audience that you know about the subject. You must be prepared to respond to questions because the information you will be in charge of presenting will be discussed at length. Educational qualification Education is one of the essential sections on a business analyst resume for freshers because it shows potential employers where you’ve been learning new skills required for a business analyst and gaining knowledge since high school or college—and where they might find more potential employees like themselves! Projects covered The projects covered are the projects you have worked on and your role in each. This section aims to show that you have been involved in projects similar to what your potential employer will be looking for. This can be an excellent place to include any certifications or training you have completed that is relevant to the position you are applying for. Contact information Your contact information is a key component of a business analyst resume for freshers and should be at the top of your resume so that a potential employer can easily find out how to get in touch with you. Make sure it includes your name, email address, and other contact information you think would be helpful. Cover letter The cover letter is one of the essential parts of your business analyst resume for freshers because it allows you to explain why you would be a good fit for the job, why they should consider hiring you, and how you plan on making a positive impact in their organization. Tips to prepare a Business Analyst CV Preparing a Business Analyst CV is more challenging than it seems. You need to ensure that your CV is up-to-date, relevant, and optimized for your desired job. Read more: Key questions a business analyst must ask Here are some resume tips for freshers to help you prepare your CV: Be genuine The most important thing to remember when writing your Business Analyst CV is that it should be genuine. You want to ensure that you aren’t trying to be someone you aren’t or exaggerating your business analyst’s essential skills and experience. The best way to do this is by ensuring that your business analyst’s CV reflects all of your accomplishments and qualifications as accurately as possible. The business analyst’s CV should reflect your personality and experience, so make sure you write it in a way that reflects who you are. You can do this by including some personal information, such as hobbies and interests. This can help the reader get to know you better and help them see why you’re a good fit for the role. Prepare a noticeable header Preparing a noticeable header for your business analyst CV is essential because this will help grab the reader’s attention. The header should clearly state what position you are applying for and any other key information about yourself (e.g., years of experience). When preparing your heading, ensure it is concise and easy to read. Write an impactful resume summary and objectives If you’re applying for a job as a business analyst, your resume needs to be on point. The summary should be short and to the point, highlighting your key qualifications and relevant experience. The objectives section should highlight what you’re looking for in a role—what kind of company you want to work for, where you’d like to relocate, and what projects you want to work on. Describe your experience Include all relevant college and job experience in the work experience section. Make sure to include the title of each position (e.g., “sales associate”), dates worked, employer name, location, and description of duties and responsibilities. Showcase your domain expertise Business analysts are expected to understand their business deeply; it is essential to highlight that in your business analyst CV. This can be done by describing your achievements and experience in your work industry. For example, if you work as a software tester for an accounting software company, tell how you have helped improve the product’s quality by identifying bugs and coming up with solutions. Look out for errors and format properly When writing your business analyst CV, ensure it is formatted correctly, has no spelling or grammatical errors, and has no missing information. A well-formatted CV will make a good impression on anyone who reads it. Consult experts or seniors The business world is highly competitive, and it can be challenging to stand out from the crowd. If you’re looking for tips on preparing a business analyst CV, the next place to start is by asking an expert who has seen many examples of what works and what doesn’t. They will be able to give you a better idea of what employers are looking for and how to make sure your business analyst’s CV stands out from the rest. Review thoroughly before sharing You must thoroughly review your business analyst CV before sending it out. Make sure every detail is correct, and there are no spelling or grammatical mistakes that could cost you an interview opportunity! Tailor resume to the job before applying Make sure your CV is tailored to the position you’re applying for. If an employer is looking for someone with experience in data analysis or statistics, then make sure your education and experience show precisely that. If they’re looking for someone who can create prototypes quickly, then make sure your resume mentions any prototyping skills required for a business analyst or toolset that could help you develop prototypes rapidly (e.g., Axure). Become a Business Analytics expert MAHE, through Online Manipal, provides a two-year MSc in Business Analytics program to educate aspiring business analysts. The Certificate Program in Business Analytics is another 12-month course in the 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.
Important Business Analyst skills Business analysts are the glue that holds an organization together. They bridge the gap between different departments, understand complex business problems, and come up with effective solutions. In the multifaceted field of business analysis, having a clear understanding of the required skills can make all the difference. It not only helps you streamline your tasks and responsibilities, but also sets the stage for career growth and advancement. Whether you’re aspiring to step into this role or are an experienced professional seeking to elevate your performance, knowing the right skills to develop is essential. Here are some of the key skills that business analysts need: Strong analytical and problem-solving skills Excellent communication and interpersonal skills The ability to think strategically and creatively The ability to work independently and as part of a team The ability to manage multiple projects simultaneously The ability to stay up-to-date on industry trends and best practices If you have these skills, you’ll be well on your way to a successful career in business analysis. Top skills for a business analyst Business Analysts need a mix of both soft and technical skills to perform their roles effectively. Although the importance of specific technical skills can vary based on the industry, company, or specific role, some of the key skills generally required for a Business Analyst include: Understanding business objectives The scope of the business is usually defined first by business analysts. However, this may lead to complications. Before defining the project’s scope, it is more beneficial to ascertain the primary business objectives as mentioned below – Determining the expectations of the key stakeholders Combining opposing expectations Ensuring that the company’s goals are specific and reachable Making sure that the business goals serve as the foundation for determining a scope Cost-benefit analysis It is a method that business analysts employ to carry out an analysis of the project’s benefits and expenses. The cost-benefit analysis includes adding up all expenses associated with a project or decision and deducting that sum from all anticipated benefits. Documentation A business analyst must produce multiple documentation throughout the project’s life cycle. Even though a business analyst occasionally needs to create various business documents, the templates can differ from one organization to another. The domain, business analysis method, project complexity, project life cycle model, etc., are other factors that influence the document list. Depending on the situation, the business analyst must coordinate with the relevant project managers, stakeholders, and implementation team. There are review sessions at every level, which make it possible to assess the process more practically and update the documentation as needed. Here is a list of documents that are frequently requested across industries- Business plan Business analysis plan Business prerequisite documents Plan for managing stakeholder System requirement and specification plan Process/functional document Programming languages Business analysts should be skilled programmers and be able to analyze data more efficiently and swiftly. They should be proficient with prog languages such as R and Python. By writing effective codes, complex issues can be resolved. Several tools and packages for data wrangling, data manipulation, data visualization, and analytics are available in R and Python. Furthermore, proficiency with statistical programs like SAS and SPSS is advised. Massive data can be finely analyzed and visualized with these computer languages. Additionally, various programming languages can be used to build business models for forecasting company outcomes. Data visualization capabilities Transforming raw data into actionable digital representations necessitates the use of data visualization. Business analysts can use data visualization abilities to help clients understand data and make strategic decisions that match their needs. Scatter plots, time series sequences, polar area diagrams, timelines, line graphs, and other sorts of data visualization techniques are utilized by business analysts. A business analyst must be able to use all of these tools to create beautiful and thorough representations. Expertise in Microsoft Excel Expertise in Microsoft Excel is required for business analysts. Every business analyst should be proficient with the use of spreadsheets. Business analysts undertake several computations, data analysis, and budget analysis using Excel, one of the most established and powerful analytics and reporting applications. They produce pivot tables to summarize the data and create dynamic reports. Excel is used to organize an editorial calendar, list expenses for items, produce charts to indicate how near the product is to budget across each category, and construct revenue growth models for new products. Based on monthly purchase volume by product, business analysts utilize Excel to determine consumer discounts. To identify areas where it is necessary to develop deeper customer interactions, they even summarize client revenue by product. Database management & SQL Knowledge of databases and SQL is the next skill every business analyst needs to possess. They should be well-versed in relational databases like Microsoft SQL Server, MySQL, Oracle DB, and NoSQL databases to store and process this large amount of data. They can access, retrieve, manipulate, and analyze data using this. They must also create, delete, select, update, insert, and other data definition and data manipulation commands. Technical skills for business analysts Business analysts must possess some technical skills to effectively analyze and solve business problems. A business analyst salary depends upon the kinds of technical skills you possess. Here are a few to mention: Data Analysis Business Analysts often need to interpret a significant amount of data to make strategic decisions. Skills in data analysis, which might include knowledge of Excel or more advanced tools like SQL, Python, or R, are typically important. Business Intelligence Understanding and utilizing Business Intelligence tools such as Tableau or Power BI can be beneficial in turning raw data into actionable business information. Process Modeling & analysis Understanding of process modeling methodologies like BPMN (Business Process Model and Notation), as well as proficiency in using process analysis tools such as ARIS or Visio, are vital for business analysts. These capabilities enable them to diagram and scrutinize business procedures, spot areas of inefficiency, and suggest viable enhancements. Systems analysis System analysis is a crucial skill for Business Analysts because it allows them to understand and evaluate the technical systems that are in use within an organization. ERP & CRM systems Having knowledge of Enterprise Resource Planning (ERP) solutions such as SAP or Oracle, and Customer Relationship Management (CRM) platforms like Salesforce, is beneficial for business analysts. This comprehension assists them in collecting requirements, assessing needs for system integration, and aiding in the execution of implementation projects. Soft skills for business analysts A business analyst must execute several tasks. Hence they must have a solid skill set with both technical and non-technical skills. Below are some soft or non-technical skills required for a business analyst. Excellent communication skills Being understood is just as important as understanding. Clients and stakeholders should easily understand the needs of the business. A business analyst needs interpersonal and communication skills at various stages in a project, such as when it is being launched, gathering requirements, coordinating with the stakeholders, validating the final solution, and so forth. They communicate with stakeholders verbally and in writing to share various business ideas, information, and viewpoints. Additionally, a business analyst with strong communication and interpersonal skills will be more confident while leading meetings. Listening skills A business analyst’s role is to examine things, circumstances, people, and possibilities and use everything to advance the organization. Therefore, they must constantly exercise caution and observation to ensure no opportunity is lost. A business analyst’s excellent listening ability is a valuable quality. They are not merely passive listeners. They pay attention to comprehend and learn important facts and details from what they hear or are told. Additionally, they comprehend the context, tone, and body language to convey the message. So, start honing your listening abilities if you intend to pursue a career as a Business analyst. Decision-making skills A direct and indirect effect on the company’s operations results from the judgments made by a business analyst. As a result, they should consider all the factors before making their selection. A business analyst analyzes the problems and identifies potential business strategies before making a choice. They then put each alternative strategy to the test and decide based on their observations. Finally, they implement the solution that has been decided. They also make the final determination as to whether or not a specific technological design complies with the discussed business requirements. Time management Another skill required for the business analyst is the ability to manage their time is an essential personality trait. It helps improve efficiency and allows you to deliver greater customer satisfaction. For an individual, time value is highly significant. Making a daily schedule can help you avoid wasting time. How to become a business analyst? To become a successful business analyst, you will require to have a master’s degree. If you want to gain technical knowledge and business skills, then you can choose to pursue an online MBA in business analytics. If you want to gain in-depth knowledge in the subject, then an online MSc in business analytics can be the right choice. If you are already in the domain and want to upskill or refresh your knowledge, then you can go for an online certificate program in business analytics. A business analyst course allows you to gain the necessary knowledge and skills to excel in the domain. Read more: Become a domain leader after an MBA in Business Analytics Conclusion To gain extensive knowledge in business analytics and to become a future ready professional, look no further than Online Manipal. Get access to in-demand business analytics programs from Manipal Academy of Higher Education and explore job opportunities in top companies.
Mind over matter Do you often get angry about small things? Feel depressed or start crying without really any big reasons? I often found myself stuck in past moments, but I turned it around. When I started to write this article, I wasn’t sure what to share but thought it best to start with my own experience. Most of us often suffer from trauma, depression, anxiety, low self-esteem, poor concentration, etc. We are always busy thinking about the past and the future but forget to think of our present. To cope with this, I decided to practice meditation and recently completed a 10-day meditation camp. Now after reading this, I’m sure a lot of you will have questions so here are some of the important details about meditation. How to practice meditation? It’s quite simple. All you have to do is sit still in a place of your comfort; keep your back and neck straight, close your eyes, and start observing your breath and the sensations around your upper lip. Why should you observe your breath and sensations? How does it help to be in the present? Breath and sensations are the two things that we can observe only in the present. We can’t observe breath and sensations of the past or future, and this helps us to be in the present. However, when we observe our breath, it helps us improve our past and future because activities we do in our past are the things we are currently doing (the present), and what we are doing now will be the future. We all know that our minds wander every now and then. But if you can control your mind, then you can win over the whole world. Simply changing your body will not make a difference, but consciously observing the changes brought about by the physical adjustments will change all things. Why is it important to meditate? We all have inner and outer worlds, but we usually only think about the outer world. We focus on external happiness and depend only on external things to make us happy. When we lose this thing, we get sad and often depressed. Meditation helps us to be happy in our inner world. If we are happy from the inside, we will be happy externally, and we will not depend on external things for satisfaction. It helps us to balance our life. It explains to us that we should not be over-excited in good times, and we should not get depressed at our bad times. What difference did it make for me? After practicing meditation, I got mental peace, was relaxed, and it made me calmer. I can control my anger, keep depression at bay, and be happier than I ever was. What are the perks of meditating? It helps us to be present, control our anger, increase concentration, improve self-esteem, and maintain mental peace.
Ways to optimize customer experience in retail industry What is customer experience? Customer experience, commonly known as CX, refers to all interactions a customer has with a brand or retailer. This includes various activities like searching products online, in-store shopping, contacting customer service, or getting products serviced. CX applies to both in-store and online interactions. Therefore, every single consumer touchpoint is a part of customer experience. Customer experience means “the internal and subjective response that customers have to any direct or indirect contact with a company.” Thus, it is evident customer experience is a psychological construct which is comprehensive, subjective reaction to customer’s interaction with any retailer and may involve varying degrees of customer involvement. Sales, e-commerce, and omnichannel are a small part of an experience-led consumer journey. Why should businesses improve their customer experience? Customer experience is undergoing continuous transformation from transactional process solely focused on shopping and purchasing to a model built on deep, enriching relationships at every step of the customer journey. Retailers and brands are integrating seamlessly into consumers’ lives. They must develop an understanding of the way the consumers live, eat, shop, work, and play and use this knowledge to deliver value at the right placeat the right time. An experience-led consumer journey is not simple task. It requires a digital ecosystem fuelled by real-time consumer data and a consumer-centred view of the entire organisation, from the operating model and supply chain to content and marketing. Today, consumers are surrounded by numerous options across many channels. Brands and retailers work to build connections between data, process, technology, and human interaction to uncover insights which create seamless experiences to boost conversion and foster loyalty. Such an ecosystem aids in harmonizing experiential marketing, agile supply chains, and personalized interactions, making it easier to turn touch points into trust points and create value which endures. As the retail industry is advancing into omnichannel solutions, there are proven strategies which need little tweaking to enrich customer-retail experience. Also read: What are the 7P’s of marketing Strategies that help in enhancing customer experience How do retail brands ensure that their customers must experience best shopping environment? Here are few tips: Offer customers what they want and need: Thorough research and sales data analysis help to decide which products are best to keep in stock. Companies can use point-of-sale system to send inventory notifications when items run low on stock. While doing research, ensure to identify trends early. For instance, when launching an e-commerce site, it’s important to stay up-to-date and ahead of trends to market them before they reach peak consumer popularity. By doing this, retail businesses can significantly outperform their online and offline competitors. To stimulate buyer interest and motivate them to purchase more, retailers can arrange store shelves with popular items and place it close to related categories. A seasonal planogram is often created by store owners to increase sales during certain holidays. Buyer choices may be influenced by product placement and space management. A planogram is useful for organizing products keeping the consumer psychology in consideration. A well-organized store will encourage customers to shop comfortably, spend long hours, and return visits. To give a wow factor, retailers can plan eye-catching displays for products. Personalize customer experience: Personalize customers’ shopping experiences by creating such unique service that allows them to shop on their own time and terms. It is crucial that each customer feels valued. Offering the individualized service is a key component of developing retail business with customer-centric approach. Staff must be trained and skilled to facilitate each customer by full attention. Thus, personalized tactic adds an edge to customer experience as interaction with sales associates and tangibility attached to brick-and-mortar stores yields retail success. You may like to know more about retail marketing strategies to succeed in the digital era. Build and sustain customer loyalty: Making shopping convenient for customers contributes to building customer loyalty, as repeat customers are often repeat purchasers. Discover more about target customers. send them mails about new merchandise, coupons, promotions, and personalized birthday email with a voucher often works. Additionally, retailers can engage their customers on social media by proliferating about new deals and freebies. If a customer comments on posts or story, promptly reply, and thank them. Customers who feel appreciated for shopping at store are more likely to return. Facilitate customers an efficient checkout experience: Retailers can provide customers with fast and efficient checkout experience by accepting multiple payment methods, including all major credit and debit cards and mobile payments, whereby customers can pay via store terminal, mobile device, or online. Start a cash discount program to entice customers who prefer to pay with cash. Customers will spend more time if it is easier for them to buy in store. Prioritize customer’s comfort above all: Customers often don’t remember every detail of their visits, but they always remember how being in store made them feel. Creating an excellent customer experience is simple to attain. Paying attention to and prioritizing consumers will go a long way toward customer retention, positive word of mouth, business growth, and long-term success. Excellent customer service: Providing best customer service helps in retaining the existing customers and bringing in more new customers. To provide customers with seamless shopping experience, businesses need such workforce who can assist them with any issues. So, what retailers can do to provide customers with the finest possible experience? Providing personalized shopping experience, making consumers feel like a priority and showing appreciation for loyal customers are few tricks which business can practice enriching customer experience. Check out: Why marketing could be your dream career How does an MBA in marketing help in understanding and improving customer experience? An MBA in marketing course helps in understanding consumer behaviour and develop strategies for improving their experience. It helps marketers gain insights into the factors that influence purchasing decisions. Through comprehensive courses and case studies, MBA students learn about psychological, sociological, and economic aspects that shape consumer choices. This knowledge equips marketers with a deeper understanding of customer needs, motivations, and preferences. Armed with this understanding, marketing professionals can develop effective strategies, tailor messages, and create compelling brand experiences that resonate with their target audience. Manipal University Jaipur offers an UGC-entitled online MBA degree with 13 popular and new-age electives including marketing. The online MBA allows students as well as working professionals to learn at their own pace and schedule. MUJ’s online MBA is treated equal to on-campus MBA and is a great way to upskill oneself. Whether you’re looking to get a PG degree in management to elevate your career prospects or want to switch to a different domain, you can do so by choosing the right MBA elective. Check out: MBA marketing course guide Conclusion The number of retail options for customers is increasing continuously. The businesses must find their own ways to prove why customers should choose their company and brand. Retailers must be proactive in listening and responding to customers’ feedback. They shouldn’t be afraid to try and test different strategies and find what works best for business.
Why BFSI professionals must possess analytics skills Over the past decade, data analytics has emerged as a major buzzword. The BFSI industry is experiencing a spike in data generation in today’s unpredictable business landscape. Thus, making it necessary for individuals in this sector to be adept at strong analytical skills. This sector has witnessed an upsurge in the adoption of analytics, which can be attributed to assisting businesses in deriving insightful conclusions from enormous quantities of data. Professionals can analyze client behavior patterns, evaluate risks, spot market trends, and optimize corporate processes thanks to analytics. Personnel in the BFSI sector who hold expertise in analytics can efficiently evaluate large data sets, implement data-driven initiatives, improve consumer experiences, mitigate risks, and grab novel opportunities. Read more: Decoding the impact of big data analytics in the banking sector Advantages of possessing analytics skills for BFSI professionals Professionals in the BFSI sector can benefit from having analytics skills in several ways. A few of the advantages of possessing analytics skills for BFSI professionals are explained below. Analyzing large volumes of data: BFSI personnel with analytics skills can quickly analyze and decipher massive amounts of data. Professionals can learn significant details regarding risk profiles, market dynamics, and client behavior by skillfully analyzing this data. This analysis aids in pinpointing trends, patterns, and oddities that can impact business strategy and decision-making. Data-driven decisions: Professionals in the BFSI sector can leverage data analytics tools to guide their decision-making processes. Experts can identify potential threats, streamline operational processes, and create effective strategies by using statistical frameworks, predictive analysis, and machine learning techniques. This data-driven methodology improves decision accuracy and lowers the probability of making expensive mistakes. Product development: Professionals can pinpoint unmet needs, preferred options, and new business prospects by analyzing consumer data and industry trends. They can then employ these insights to generate fresh offerings that are tailored to specific customer categories. Additionally, analytics aids in the optimization of product attributes, pricing, and distribution plans based on data-driven conclusions. It can lead to improved client satisfaction and business expansion. Staying competitive in the industry: Organizations in the BFSI sector that successfully apply analytics to derive valuable insights from data acquire a competitive advantage. Professionals are better able to provide personalized services, improve client experiences, and proactively handle risks if they have a better understanding of customer behavior, market conditions, and risk profiles than their opponents. This exalts the organization to the forefront of its domain and enhances its potential to adapt to shifting market dynamics. Read more: Thriving in the BFSI Industry: Essential skills for today’s professionals Application of analytics in banking and finance The use of analytics in banking and finance has risen. From detecting fraudulent activities, risk management, business optimization to credit risk analysis, analytics is used in the BFSI industry for multiple reasons. Fraud detection and risk management: Analytics assists financial institutions in spotting and intervening in fraudulent actions by analyzing massive volumes of data and identifying trends or discrepancies. Machine learning algorithms can continuously monitor transactions, detect suspect patterns, and generate alerts for further inquiry. Analytics can help banks proactively manage risks, safeguard client funds, and uphold the reliability of financial systems. Credit risk analysis: Analytics assist banks and lenders in managing credit risk by evaluating creditworthiness. Banks can assess the risk of default and establish reasonable loan limits by examining historical data, financial documents, credit scores, along with other pertinent indicators. Advanced analytics models can additionally incorporate other data sources, like macroeconomic indicators or market trends, to raise the precision of credit risk assessments. This allows banks to manage an intact loan portfolio while making wise lending choices. Customer insights and personalized services: Banks can uncover valuable insights about the behavior, preferences, and demands of their customers thanks to analytics. Banks can segment their clientele to develop individualized services by analyzing transaction data, demographic data, and client interactions. Cross-selling opportunities, custom product or service recommendations, and personalized marketing campaigns can all be accomplished with analytics. AI-powered virtual assistants: AI and analytics collaborate to facilitate the development of chatbots or virtual assistants that can assist consumers with their banking inquiries and activities. These AI-powered advisors leverage ML algorithms and NLP (Natural language processing) to comprehend consumer requests, respond precisely, and carry out tasks. Virtual assistants can keep learning from client conversations, increase their accuracy, and offer more tailored and effective services via analytics. Business performance optimization: Banks can pinpoint inefficient regions, restructure procedures, and cut expenses by analyzing internal data, market dynamics, and industry standards. The efficacy of risk management, channel success, product profitability, and client acquisition and retention can all be gleaned from analytics. Banks can improve resource allocation, increase operational effectiveness, and provide better financial results by using this data-driven decision-making strategy. Read more: How will digital transformation reshape the future of banking in India? Top analytics job roles in banking and finance Discussed below are some of the top analytics job roles available in banking and finance, along with their highest estimated salaries:: Credit risk analyst The assessment and management of credit risks related to lending and investing activities are under the purview of a credit risk analyst. They examine financial information, assess creditworthiness, and offer suggestions to lessen prospective losses. They also create risk models and keep track of portfolio performance. The highest estimated salary of a credit risk analyst is ₹ 20.0 Lakhs. Compliance manager A compliance manager makes certain that a financial institution abides by all applicable laws, rules, and internal procedures. They create compliance programs, carry out audits, and offer direction on compliance-related issues. They also keep a gaze on modifications to regulatory standards while making the necessary adjustments. The highest estimated salary of a compliance manager is ₹ 25.0 Lakhs. Big data analyst Big data analysts leverage data analytics approaches to extract information from huge databases. They gather, filter, and analyze financial data to uncover patterns, indications, and correlations. Additionally, they create predictive analytics models, design data models, and offer data-driven suggestions to enhance company decision-making. The highest estimated salary of a big data analyst is ₹ 17.0 Lakhs . Fraud prevention analyst Fraud prevention analyst focuses on recognizing and terminating fraudulent activity within a financial organization. They perform an analysis of transactional data, seek out patterns and abnormalities, and put fraud control mechanisms in place. In addition, they investigate shady operations in conjunction with police enforcement. The highest estimated salary of a fraud prevention analyst is ₹ 8.0 Lakhs. Pursue an online MBA in BKFS from TAPMI Professionals have the opportunity to keep up with the rapidly evolving developments in the BFSI industry with the MBA in Banking and Financial Services (BKFS) program offered by T.A. Pai Management Institute through Online Manipal. Analytics for Banking and Finance is a noteworthy elective in this program that imparts participants with the expertise and skills needed to make data-driven conclusions. The most recent pedagogy used by TAPMI emphasizes combining theoretical understanding with real-world applications to create a well-rounded educational experience. Read more: How analytics in banking and finance opens doors to lucrative job roles in banks Professionals obtain an in-depth knowledge of analytics techniques and their relevance in the banking and finance business via immersive online sessions, case studies, and industry collaborations. This program ensures that learners become well-equipped to deal with the BFSI industry’s complexity while utilizing the latest analytical resources and techniques.
How much you can earn across roles in new-age banking and finance The business landscape in India fosters all the positives for the expansion of the BFSI sector at a commendable pace. The BFSI sector has witnessed substantial growth lately owing to a multitude of interlinked factors. Modern banking practices have been revolutionized by technological breakthroughs, which have additionally introduced forth innovative solutions. With the rise of mobile banking, e-payments, and automated financial guidance services, consumers now have more accessibility and convenience. The proliferation of fintech companies, which leverage technology like blockchain and artificial intelligence to provide individualized, secure, and effective financial services, has also been spurred by shifting customer needs. This rising phenomenon in financial services and banking within the BFSI sector heralds a disruptive era driven by new prospects, better operational effectiveness, and a customer-centric mindset. Pursuing a master’s degree like an MBA in banking and finance will help you explore lucrative career opportunities in the BFSI sector. Top jobs in banking and finance In the BFSI industry, job postings soared by about 53% between 2022 and 2023, as per a survey by Indeed. Investment banking, risk management, and portfolio management positions earned the most in the BFSI industry. The positions of financial manager, wealth manager, and credit manager were next. Here is a brief description of roles and responsibilities along with the earning potential of different roles in the banking and finance sector. Chief financial officer (CFO) A CFO manages all financial operations and is essential in the development and execution of financial strategies, financial risk administration, and the maintenance of the organization’s overall financial stability. Budgeting, dealing with investors, treasury management, financial evaluation and strategy, financial reporting, and shareholder interactions typically fall under the CFO’s purview. The highest estimated salary of a chief financial officer can go up to ₹ 101 Lakhs. Key skills required: Financial management Strategic planning Leadership Risk management Compliance officer The compliance officer is in authority to ensure that the bank or other financial institution abides by all relevant laws, rules, and internal procedures. They establish and enforce compliance initiatives, carry out routine audits, and keep an eye on internal procedures to reduce legal and regulatory risks. They collaborate closely with regulatory organizations and external auditors to ensure compliance and address any prospective compliance concerns. The highest estimated salary of a compliance officer can go up to ₹ 15 Lakhs. Key skills required: Knowledge of regulatory frameworks Risk assessment Attention to detail Strong ethics Financial advisor These professionals offer specialized financial counsel to clients, who can be individuals, firms, or institutional investors. They evaluate their clients’ risk tolerance and monetary objectives before creating extensive financial strategies to assist them in achieving their goals. Financial advisors offer advice on wealth administration, retirement strategy, tax reduction, and investment approaches. The highest estimated salary of a financial advisor can go up to ₹ 8 Lakhs. Key skills required: Financial planning Investment knowledge Client relationship management Investment banker An investment banker is a major player in facilitating diverse financial transactions and serves in the investment banking section of a financial institution. They provide their clients with capital raising via IPOs (Initial public offerings), equity or debt issuances, and acquisitions and mergers. Financial analysis, assessments, and due diligence are performed by investment bankers to gauge investment prospects and offer customers strategic counsel. The highest estimated salary of an investment banker can go up to ₹ 40 Lakhs. Key skills required: Strong analytical skills Financial modeling, Negotiation Market knowledge Chief risk officer (CRO) The CRO is accountable for identifying, evaluating, and mitigating the risks confronted by banks or other financial organizations. They develop and place into practice risk management frameworks and strategies to ensure that the firm proceeds within acceptable risk constraints. The CRO is in charge of managing several risk-related tasks, including credit risk, market risk, operations risk, and liquidity risk. They collaborate closely with top management to determine risk tolerance, track risk exposures, along with implementing risk-reduction strategies in place. The highest estimated salary of a chief risk officer can go up to ₹ 101 Lakhs. Key skills required: Risk management Financial analysis Regulatory compliance Strategic thinking Credit analyst A credit analyst assesses an individual, enterprise, or institution’s credibility to figure out whether they are financially able to pay back loans or other financial obligations. They examine financial records, credit scores, and other pertinent data to assess the risk involved with disbursing funds or granting credit. Credit analysts also consider market conditions, industry trends, and collateral to make wise credit choices. The highest estimated salary of a credit analyst can go up to ₹ 15 Lakhs. Key skills required: Credit analysis Financial statement analysis Risk assessment Attention to detail Fund manager A fund manager is in the role of regulating and tracking the performance of investment funds including hedge funds or mutual funds. They conduct the necessary investigations, analysis, and research to figure out potential investment opportunities and develop investment strategies compatible with the fund’s targets. These experts are liable for making buy/sell decisions, evaluating portfolio performance, and adhering to regulations. They also oversee the fund’s assets to generate favorable returns, interact with clients, and deliver regular updates. The highest estimated salary of a fund manager can go up to ₹ 93 Lakhs. Key skills required: Investment management Portfolio analysis Market research Decision-making Portfolio manager A portfolio manager is obligated for managing all kinds of assets, such as bonds, equities, or additional financial instruments, on behalf of individuals or institutional customers. Investment strategies that are tailored to the client’s goals, degree of risk aversion and period are devised and executed into action by these professionals. Portfolio managers perform research, keep watch on market trends, and arrive at investment choices to maximize portfolio performance. The highest estimated salary of a portfolio manager can go up to ₹ 30.5 Lakhs. Key skills required: Portfolio management Asset allocation Risk assessment Financial forecasting Factors influencing salaries in banking and finance roles Multiple factors affect compensation in the financial services industry for various roles. These aspects influence the salary packages offered to practitioners in this industry. Here are the key factors influencing salaries in new-age banking and finance. Relevant master’s degree/Certificate course The salary range in new-age banking and finance can be substantially raised by pursuing a pertinent master’s degree or earning a professional certificate program. For instance, a Master’s in Finance, MBA with a finance focus, or the Certified Financial Analyst (CFA) accreditation can improve your credentials and demonstrate to prospective employers your level of expertise. Industry-specific knowledge Professionals aiming to boost their earning potential must have extensive knowledge of the banking and financial sector. This entails comprehending intricate financial tools, guidelines, risk-management strategies, and market dynamics. You can earn better compensation by staying current with market trends, modifications in financial laws, and advances in technology via ongoing learning and professional credentials. New-age skills Professionals with new-age skills are highly desirable as the banking and financial sector continues to evolve. Skills in data analysis, FinTech (Financial technology), AI, ML, blockchain, and digital advertising can have a significant impact on earnings. With the use of these capabilities, professionals can leverage technology to spur innovation, promote operational effectiveness, and arrive at data-driven choices. Professional connections Establishing links with influential practitioners, industry experts, and mentors can lead to valuable counsel, job prospects, and access to better-paying choices. A strong network could assist you in gaining access to insider details regarding job openings, raise your profile among employers, and possibly even influence salary negotiations in your favor. While these elements are crucial, it’s also vital to take into account other elements that can have an impact on income levels, such as prior experience, work performance, the company’s financial situation, and geographic variations in pay. Also read: How TAPMI online MBA-BKFS electives help professionals tailor their career paths Emerging technologies in banking and finance The banking and financial industry has seen a tremendous transformation recently, driven by novel technologies. These developments have transformed how financial institutions function, engage with clients, and oversee their procedures. The following are some of the acknowledged emerging technologies currently reinventing the banking and financial sector: Artificial intelligence (AI) and machine learning (ML): AI and ML are redefining banking and finance by automating procedures, optimizing fraud detection, enhancing the client experience, and offering tailored financial proposals. They analyze massive quantities of data to uncover patterns, forecast market developments, and deliver customized fixes. Blockchain: Decentralized, open, and reliable transactions are made feasible by blockchain technology. It promotes data security, facilitates effective cross-border payments, and slashes transaction expenses. The blockchain’s smart contracts eliminate the need for middlemen by streamlining processes like loan approvals. Robotic process automation (RPA): RPA raises operational efficiency and lowers error rates by automating repetitive operations like data entry and report production. Banks and financial organizations can streamline their operations since it opens up staff members for more demanding and value-added services. Internet of things (IoT): Real-time data gathering from multiple sources, including wearables and connected gadgets, is made possible by IoT devices. Banks and financial institutions can use this data to deliver customized services, risk analysis, and insurance underwriting. IoT also facilitates seamless transactions and improves fraud detection. Biometrics: Customer identification employing biometric technologies, such as voice authentication, facial recognition, and fingerprint scanning, is reliable and practical. These innovations improve the safety of financial transactions, prevent fraud, and optimize authentication procedures. Cloud computing: Banks and other financial institutions can store and manage massive amounts of data safely, thanks to cloud computing. It improves cost effectiveness, scalability, and flexibility. A faster decision-making process and enhanced customer service are made feasible by cloud-based solutions that provide real-time collaboration, remote management, and data analytics. Open banking: Open Banking leverages Application APIs (Application Programming Interfaces) to promote safe financial data exchange between different organizations. It fosters innovation by enabling third-party developers to come up with novel financial apps and services, boosting competition while improving the user experience. Big data analytics: Data proliferation in banking and finance necessitates advanced analytics skills. Large datasets can be analyzed using big data analytics to gain insightful data that assists with handling risks, identifying fraud, segmenting consumers, and customized marketing. It aids financial firms in making data-driven decisions while improving overall performance. Read more: Top emerging technologies in financial services and how to upskill in them Become job-ready with tapmi’s online MBA BKFS The online MBA in BKFS (Banking and Financial Services) offered by TAPMI will help you gain the knowledge and skills you need to succeed in the financial industry. This extensive program is meticulously developed to prepare you for the job market with the acumen and expertise demanded by the sector. You will be involved in an interactive and dynamic learning experience via cutting-edge virtual platforms under the tutelage of renowned educators and industry experts. An online MBA in banking and finance will help you master the nuances of investment banking, risk management, economic analysis, and more while refining your management and decision-making skills. You will graduate from TAPMI’s online MBA in BKFS as a honed finance expert equipped for a successful career in the corporate world. Read more: MBA in finance vs MBA in banking and finance
Data scientist job role and description Who is a data scientist? A data scientist is a professional who analyzes and interprets complex data sets to uncover insights, patterns, and trends that can inform business decisions and strategies. They use a combination of statistical analysis, machine learning techniques, and programming skills to extract meaningful information from large and diverse data sets. Data scientists’ role is also to help companies make decisions based on the analysis of data. Data scientist roles and responsibilities The roles and responsibilities of a data scientist can vary depending on the organization and specific job requirements. However, here are some of the common responsibilities that data scientists are in charge of. Data analysis Data scientists are responsible for collecting, cleaning, and organizing data from various sources. They perform exploratory data analysis to understand the data, identify patterns, and determine the appropriate analytical approaches. Data scientists perform Exploratory Data Analysis to gain a deep understanding of the data. They use descriptive statistics, visualizations, and data profiling techniques to identify patterns, trends, and relationships within the data. EDA helps them uncover insights and formulate hypotheses for further analysis. Machine learning model development Data scientists apply various machine learning algorithms and techniques to develop predictive or descriptive models. They select appropriate algorithms based on the problem type (classification, regression, clustering, etc.) and the available data. They train the models using historical data, optimize the model parameters, and evaluate their performance using suitable metrics. Using statistical methods Statistical analysis techniques play a crucial role in data science work, enabling data scientists to examine datasets, uncover hidden patterns, and gain insights. These techniques are an integral part of the data scientist’s toolkit, facilitating exploration and interpretation of data to identify trends and patterns. Data storytelling Employers often require data scientists to possess excellent communication skills and the ability to convey data insights to business executives, managers, and employees using data storytelling techniques. In addition, data scientists are expected to demonstrate leadership skills and business acumen to effectively guide decision-making processes that rely on data analysis. Key skills required for data scientists A data scientist is a professional who leverages their knowledge of various fields, including computer science, mathematics, and business, to interpret complex data and drive valuable insights. Here are some of the key skills a data scientist should possess Programming Skills Data scientists need to be proficient in at least one programming language, typically Python or R, which are widely used for data analysis. Possessing programming skills in a data science job allows them to manipulate data, conduct analysis, and implement machine learning algorithms. Machine Learning Knowledge of machine learning is vital for many data science roles. This includes understanding different types of learning (supervised, unsupervised, reinforcement, etc.), the theory behind various algorithms (linear regression, decision trees, neural networks, etc.), and how to use these tools to solve real-world problems. Data Wrangling This involves cleaning and transforming raw data into a more suitable form for analysis. Data often comes from various sources in different formats, and it’s the data scientist’s job to ensure this data is cleaned, validated, and correctly formatted. Data Visualization The ability to present complex results in a visually intuitive form is crucial. Tools like Matplotlib, Seaborn, ggplot, or Tableau are often used for this purpose. Good data visualization helps to communicate findings effectively to both technical and non-technical audiences. Big Data Platforms Familiarity with big data platforms like Hadoop, Spark, or Hive is beneficial, as data scientists often work with large datasets that cannot be processed using conventional methods. Read more: Tools covered in MSc Data Science Top companies hiring data scientists Here is a list of some of the top companies hiring data scientists in India Fractal Analytics Deloitte Tiger Analytics Accenture Analytics IBM MuSigma LinkedIn Wipro Splunk Numerator How to start a data science career You need the right knowledge and skillset to start a career in data science. Here’s how you too can become a data scientist. Earn a relevant degree or certification To become a successful data scientist, you require analytical and mathematical skills to work with complex data sets. Additionally, you should have programming knowledge. For all this, you will ideally need a data science degree or a certification course. Nowadays, there are plenty of online courses available on data science, which you can pursue from the comfort of your homes. If you want to gain in-depth technical knowledge, then an online MSc in data science can be the perfect pick for you. This program will help you master in-demand tools like Hadoop, TensorFlow, Python, R, etc, and help you gain in-demand skills by learning subjects like linear regression models, deep learning & text mining, Bayesian statistical modeling, programming with R & Python, and stochastic processes. If you want to get a blend of data science and business knowledge, then pursuing an online MBA in data science can be the right choice. This program will help you acquire the latest skills and find lucrative jobs in top organizations. You can also choose to pursue an online professional certification in data science, if you are looking to upskill in the domain and explore better career opportunities. Gain key skills Apart from mastering various programming languages, it’s essential for a Data Scientist to be proficient in several tools used for data visualization, machine learning, and big data. Knowing how to manage, cleanse, arrange, and interpret sizable datasets is a vital skill when dealing with substantial amounts of data. Internships Internships are a great way to kickstart your career in data science. If you are just entering the domain, then internships can give you the right push to explore the right career opportunities. As an intern, you can work on various roles that will help you understand your strengths and weaknesses. Get an entry-level job You can kickstart your career with entry-level roles like data scientists, data engineer, or data analyst to gain the necessary skills and knowledge required to explore better roles through your career path. Frequently asked questions about data science jobs Can anyone do a data science course? Data science is an emerging domain in today’s digital world, and with the help of a degree or certification, anybody can do a data science course. The eligibility for a master’s degree in data science is 10 + 2 + 3-year bachelor’s degree from a recognized university/institution. However, some universities may require students with a minimum of two years of learning Mathematics or Statistics. Does data science require coding? Coding is very necessary for a data science job. Coding is essential to data science as it possesses a learning bend. Coding skills allow data scientists to manipulate and clean data, create models, and automate processes, all of which are critical to the data science process. Is it good to pursue a 2-year data science program? Pursuing a 2-year program like an MSc in data science allows you to gain in-depth knowledge about data science concepts and tools, which will help you gain key skills. What are the key concepts taught in a data science program? You will learn how to work effectively in groups, generate strategic and tactical recommendations, and use a perfect blend of machine learning, big data analytics, and statistics. You will learn key data science concepts like linear regression models, deep learning & text mining, Bayesian statistical modeling, programming with R & Python, and stochastic processes, and tools like Hadoop, TensorFlow, Python, R, SPSS, SAS, Matplotlib, NumPy, OpenCV, Pandas, Apache Spark, Apache Hive, SQL, Google Colab, KNIME, and WEKA. What are the programming languages a data scientist should know? Data scientists must have knowledge in programming languages like Python, R, SQL, C++, MATLAB, Scala, Go, SAS, and Java. What are the jobs you get after MBA in data science? Pursuing an MBA in data science helps you explore high paying job roles like data science managers, product analysts, data architects, market research analysts and more. What are the jobs you get after MSc in data science? After pursuing an MSc in data science, you can explore job roles like data scientist, machine learning engineer, data analyst, statistical analyst, research scientist and more.
Know the difference between B.Com and B.Com Honors Choosing the right academic path can be an exhilarating yet perplexing decision, especially when it comes to higher education. For those aspiring to embark on a journey in the realm of commerce and business, the Bachelor of Commerce (B.Com) and Bachelor of Commerce (Honors) degrees emerge as two prominent options. While both programs offer a solid foundation in business and finance, there are subtle yet significant differences that set them apart. In this blog, we will dive deep into the realm of B.Com and B.Com (Honors), shedding light on their respective characteristics, curriculum, career prospects, and other vital aspects. Whether you’re a prospective student eager to make an informed choice or someone seeking to enhance their understanding of these programs, this comprehensive exploration will help you navigate the nuances and make an informed decision. What is B.Com? Bachelor of Commerce is an undergraduate degree in commerce and other related subjects. A B.Com degree provides students with a wide range of managerial skills and understanding in streams like finance, accounting, taxation, and management. While undergoing this course, students also get to learn about the economic aspect of the business world, trading aspects, functions and policies of commerce, etc. Read more: Benefits of pursuing an online B.Com degree What is B.Com Honors? B.Com honors is a more specialized version of the BCom degree. Typically a year longer than the general BCom program, it allows students to specialize more deeply in a particular area of interest within commerce, like finance, accounting, marketing, etc. In this course, students generally study more advanced topics in greater detail. The curriculum is usually research-oriented and project-based, enabling students to gain in-depth knowledge in their area of interest. Eligibility: B.Com vs B.Com honors Eligibility for B.Com Candidates must have completed 10+2 from a recognized national or state board institution or 10+3 diploma from a recognized national or state institute. Candidates must have at least 45% aggregate in 10+2 / diploma (40% for reserved categories). Candidates must have studied Commerce as their stream in Class 11 and 12. Candidates should have studied compulsory subjects like Accountancy, Business Studies, and Mathematics/Economics in their 10+2 education. Eligibility for B.Com Honors Candidates must have completed 10+2 from a recognized national or state board institution with at least 50% aggregate. Candidates must have studied accounting, business & math in 11th and 12th Most reputed universities administer entrance exams to admit candidates to B.Com Honors degree courses. Note: Eligibility criteria may vary with university Course curriculum: B.Com vs B.Com honors B.Com course curriculum Semester 1Semester 2Semester 3Semester 4Semester 5Semester 6General EnglishComputer Awareness and InternetBusiness CommunicationIndirect TaxesManagement AccountingEntrepreneurship DevelopmentEconomic TheoryMarketing ManagementFinancial ManagementFinancial ServicesInvestment Options & Mutual FundsPrinciples & Practice of AuditingFundamentals of Accounting IFundamentals of Accounting IICost AccountingCorporate AccountingMoney and BankingBusiness EnvironmentBusiness OrganizationBusiness LawBusiness StatisticsEnvironmental ScienceE-CommerceDirect TaxesPrinciples of Business ManagementFundamentals of Entrepreneurship and InnovationFinancial Statement InterpretationHuman Resource ManagementInternational Trade and FinanceDissertationEconomic Environment in India B.Com Honors course curriculum Semester 1Core papers-Financial Accounting -Business Laws Generic elective (Any one)-Basics of Accounting -Business Organization and Management Semester 2Core papers-Corporate Accounting-Corporate LawsGeneric elective (Any one)-Entrepreneurship-Finance for Non-finance Executives Semester 3Core papers-Human Resource Management-Income- Tax Law & Practice-Management Principles & ApplicationsGeneric elective(Any one)-Investing in Stock Markets-Human Resource Management-Fundamentals of MarketingSkill Enhancement Course (Any one)-E-commerce-Training & Development-Digital Marketing-Personal Tax Planning-Communication & Documentation Business-Personal Finance & Planning Semester 4Core papers-Cost Accounting -Business Mathematics-Computer Applications in BusinessGeneric elective(Any one)-Insurance & Risk Management-Project Management & TechniquesSkill Enhancement Course (Any one)-Computerized Accounting System-Business Research Methods & Analytics-Leadership and Team Development-Collective Bargaining & Negotiation Skills-E-Filing of Returns-Cyber Crimes and Laws Semester 5Core papers-Principles of Marketing-Financial ManagementGeneric elective(Any one)-Management Accounting-Organizational Behavior-Macro- Economics-Entrepreneurship DevelopmentDiscipline-specific Elective-Corporate Tax Planning-Financial Markets, Institutions and Services -Advertising and Personal Selling-Business Statistics Semester 6Core Papers-Auditing & Corporate Governance-Goods & Service Tax (GST)Discipline-specific Elective (Any one)-Fundamentals of Investment-Compensation Management-Business Tax Procedures and Management-Consumer Affairs and Customer Care Discipline-specific Elective (Any one)-Financial Reporting & Analysis -Banking and Insurance -Project Management & Techniques -International Business-Industrial Relations and Labor Laws Note: This course curriculum is of Delhi University & is only indicative. Curriculum may vary with university. Also read: B.Com project ideas Career opportunities: B.Com vs B.Com Honors Truth to be told, there are no major differences between the kind of career opportunities you will find after completing either a B.Com or B.Com honors. However, B.Com honors is a more specialized degree, that focuses on the electives and subjects that you choose to specialize in. We’ve tried to jot down the most common careers that you can explore after pursuing these degrees. Jobs after B.Com Here are some the top jobs after B.Com Accountant The primary role of an accountant is to prepare and examine financial records. They ensure that financial records are accurate, that taxes are paid correctly and on time, and assess financial operations to help organizations run efficiently. Tax Consultant A tax consultant advises businesses and individuals with issues related to their taxes. They help clients navigate complex tax regulations, ensure compliance with tax laws, and seek deductions and credits. Auditor Auditors examine and prepare financial records while checking for their accuracy, then explaining their findings to key stakeholders. Internal auditors check for mismanagement of an organization’s funds and identify ways to improve processes for eliminating waste and fraud. Banking Jobs With a B.Com degree, you can get entry-level positions in private and public sector banks. Jobs can range from bank teller to bank manager. Read more: How to get a banking job after B.Com Human Resources (HR) Manager Although it may not directly relate to commerce, many B.Com graduates find successful careers in HR. HR Managers are responsible for coordinating an organization’s administrative functions and ensuring smooth communication between employees and management. Jobs after B.Com Honors Chartered Accountant (CA) This is one of the most sought-after professions for commerce students. Chartered Accountants work in all fields of business and finance, including audit, taxation, financial and general management. Financial Analyst Financial Analysts assess the performance of stocks, bonds, and other types of investments. They guide businesses and individuals in making investment decisions. Company Secretary (CS) Company Secretaries deal with the legal activities of any business. The role of a CS is to keep the company’s records, advice on governance and statutory compliance, and implement corporate strategies. Investment Banker Investment Bankers help companies, governments, and other groups plan and manage large projects, saving their client time and money by identifying risks associated with the project before the client moves forward. Tax Auditor/Consultant They help their clients with their financial and income tax statements. This can be at the federal, state, and local level. Their goal is to help clients minimize their tax liabilities. B.Com vs B.Com Honors: What’s best for you? If you want an overview of all commerce-related subjects, then you must take up a B.Com degree. If you are looking to study in-depth and gain extensive knowledge in commerce, then you can choose to pursue B.Com (Hons). If you’re looking for a more general education that still offers a wide range of career options, a regular B.Com degree will suffice. If you’re certain about building a career in the field of commerce – for example, becoming a Chartered Accountant, Company Secretary, you might benefit from B.Com (Hons). The admission process and eligibility criteria for B.Com (Hons) can be more stringent than for the regular B.Com program. You typically need a higher percentage in your Class 12 exams to qualify for B.Com (Hons). If you’re planning to pursue higher studies, consider which program will better equip you. Conclusion If you are looking to pursue a B.Com degree online, look no further than Online Manipal. The online B.Com degree offered by Manipal University Jaipur is flexible, affordable, and accessible from anywhere. You can get to interact with peers from world over, faculty, industry leaders and experts.
