Top government jobs for online BA graduates Posted on November 30, 2023December 3, 2023 by Online Manipal Editorial Team Bachelor of Arts or BA is one of the top bachelor’s degrees to choose after class 12th, and when pursued online, this degree can make an individual stand at the forefront of a digital revolution. As the boundaries between governance and technology blur, a host of enticing government job opportunities beckons these online BA graduates to apply their knowledge in real-world scenarios. From administrative roles to policy-making positions, there are numerous government job prospects for online BA graduates that can lead them from online BA classrooms to the corridors of various influential government positions. Stay tuned and read this complete article to learn about various job options for BA degree holders in the government sector. Top BA government jobs Online BA graduates can easily fit into impactful careers within the public sector. In short, the spectrum of career opportunities for online BA students in government is so wide that one may even get confused about choosing the best one for oneself. Legal Assistant, Administrative Officer, and Research Assistant are some of the exciting job profiles offered to online BA graduates at the central and state-level government departments. The table below enlists the interesting government positions accessible to online BA graduates and how to be eligible for the same: Job ProfileEligibility – Entrance ExamJob DescriptionApproximate SalaryIndian Administrative Service (IAS)UPSC CSEResponsible for governance and administration of the nationINR 6.73 lakh- INR 15.84 lakh per annumIndian Police Service (IPS)UPSC CSEMaintaining law and order to ensure public safety and the rule of law in the countryINR 6.73 lakh- INR 15.84 lakh per annumIndian Foreign Service (IFS)UPSC CSEResponsible for representing India’s interests on the global stage and managing diplomatic relations with other nationsINR 6.73 lakh- INR 15.84 lakh per annumIndian Revenue Service (IRS)UPSC CSETo manage direct and indirect taxes and ensure proper revenue collection for the governmentINR 6.73 lakh- INR 15.84 lakh per annumIndian ArmyUPSC CDSEResponsible for ensuring the defense and security of the nationINR 15.48 lakh per annumIndian NavyUPSC CDSETo safeguard maritime security and maintain the naval capabilities of the nationINR 6.73 lakh – INR 30 lakh per annumIndian Air ForceUPSC CDSEResponsible for air operations and national security INR 18.3 lakh per annumCentral Armed Police Forces (CAPF)UPSC CAPFTo ensure internal security by managing border areas and assisting in disaster responseINR 6.73 lakh- INR 15.84 lakh per annumRailway JobsRailway Recruitment Board or (RRB) Exams To manage, operate, and develop railway system in the countryINR 4 lakh per annumInspector, Income Tax Inspector, Auditor, Central Excise Officer, Upper Division Clerk, SSC CGLTo ensure the administration, and enforcement of central excise duties, audits, and tax collectionsINR 4 lakh – INR 7.57 lakh per annumIntelligence Bureau Jobs (JIO, SRO, ACIO, ASO)N/AResponsible for analyzing and providing data crucial for the security of the nationINR 6.4 lakh per annum Top government job entrance exams after online BA Once you complete an online BA from Sikkim Manipal University (SMU), you must appear for government job entrance exams to open a gateway for a promising career path. Some of the top government job entrance exams an online BA graduate must attempt are listed below: UPSC CSE: Candidates are evaluated on a range of general study topics in the UPSC Civil Service Exam (CSE) to determine how well-versed they are in the various current social and political issues. Candidates need to undergo a written exam, interview, and physical efficiency test in the UPSC CSE. To become an IAS, IPS, or IFS officer, one must pass this entrance exam. UPSC CDSE: Conducted twice a year, the UPSC Combined Defence Services Examination (CDSE) evaluates the military leadership abilities of the candidates through a written test, interview, and medical examination. Those who want to serve in the Indian Army, Navy, or Air Force must score well in this government entrance exam. UPSC CAPF: The UPSC Central Armed Police Forces Examination tests the candidates’ general ability and intelligence for leadership qualities required in paramilitary forces through a written test, interview, medical examination, and a physical efficiency test. Those who wish to join the BSF, CRPF, or CISF must pass this entrance exam. RRB: The Railway Recruitment Board or RRB Exam is for those who wish to make a career in railway. The three main types of RRR examinations are RRR Non-Technical Popular Categories (NTPC) for Station Master, Clerk, and Typist, RRR Assistant Loco Pilot (ALP) for Technician and Assistant Loco Pilot, and RRR Group D for Porter, Helper, and Track Maintainer. SSC CGL: The Staff Selection Commission (SSC) Combined Graduate Level (CGL) Exam can be your stepping stone to grab a fascinating job in Group B or C posts in government ministries or departments. Those who pass this entrance exam with good marks can become income tax inspector, auditor, central excise officer, etc. Why BA students are best suited for government jobs Curious to know why government job aspirants pursue a BA? A Bachelor of Arts (BA) degree can be your key to unlocking the doors of various interesting and high-paying government jobs for several compelling reasons, such as: Critical Thinking Skills: The primary factor contributing to online BA graduates’ superiority for government employment is the critical thinking abilities they acquire while pursuing this degree. They learn to evaluate circumstances, examine information, and make wise judgements. These are the essential abilities needed for any government position. Adaptability Skills: Whether it’s an online Bachelor of Arts in Political Science or Sociology, many Bachelor of Arts courses are designed to help students become more adaptive. As a result, they acquire greater flexibility to handle a wide range of responsibilities in diverse government positions. Effective Communication Skills: Whether you agree or not, to fit into a government job, an individual must be good at communicating policies, collaborating with stakeholders, and engaging with the public. Online BA degree courses enable a person to use effective communication skills. Multidisciplinary Knowledge: Students can learn about a variety of topics in online BA degree programs, including political, social, economic, and cultural issues. In government roles, this multidisciplinary knowledge is extremely valuable. Global Perspectives: Through a BA degree program, students are encouraged to understand international issues and global perspectives. This knowledge helps them play crucial roles in government jobs. Why pursue an online BA from Sikkim Manipal University? We assume by now you know about the various government departments with job openings for online BA students. So, it is time to understand where to pursue an online BA to get the best government job. Choose Sikkim Manipal University (SMU) to pursue an online BA in your preferred subject, be it English, Sociology, Psychology, Political Science, History, or Fine Arts. Accredited with an A+ grade by the National Assessment and Accreditation Council (NAAC), SMU offers UGC-entitled online degrees that are equivalent to campus degrees. Sikkim Manipal University takes pride in being counted among India’s top 101-150 universities in 2023 and is tagged as the top private university in the North East. Be a part of the robust alumni network and become future-ready by pursuing an online BA course from SMU that will be a gateway for diverse career options for you in the coming years. The university has onboard expert faculty to teach you with a fully online experience. Sikkim Manipal University also offers attractive scholarships to physically challenged students, defense personnel, and deserving candidates from Sikkim and Northeast regions of India. Conclusion To sum up, the horizon of government employment for online BA graduates is illuminated with promising career opportunities. Skills honed through online BA programs from prestigious universities like Sikkim Manipal University (SMU) through the Online Manipal platform will help individuals analyze data, foster public engagement, and make informed decisions. The journey from online classrooms to the various tiers of government positions awaits the arrival of online BA graduates. The choice is yours whether you wish to pursue an online BA in English, Political Science, or Sociology; through the Online Manipal platform. A degree from SMU will make you capable of getting the best government jobs for a booming career in the coming days.
Importance of data visualization in banking & finance Posted on November 30, 2023December 6, 2023 by Online Manipal Editorial Team The banking and finance industry is a data-driven powerhouse where making timely and informed decisions is paramount. Data visualization serves as an indispensable asset within this domain that empowers professionals to transform intricate data into coherent visual formats. These visual representations, often interactive and informative, play a pivotal role in simplifying the comprehension of complex financial data and facilitating astute decision-making. In an environment where data intricacy is the norm, data visualization proves invaluable by providing a clear, concise means of analyzing patterns and trends. This comprehensive guide explores the pivotal importance of data visualization in banking and finance, its myriad applications, and the advantages it offers to professionals in this sector. Importance of data visualization in banking & finance Data visualization holds profound significance within the banking and finance sector due to its ability to distill intricate financial data into easily digestible and interpretable visuals. In this domain, where precision and comprehension are paramount, data visualization serves as a linchpin for improved decision-making. It empowers stakeholders to swiftly discern patterns, irregularities, and opportunities, facilitating more informed choices. Moreover, data visualization is instrumental in risk management, offering real-time insights into market dynamics and portfolio performance. This, in turn, allows for proactive risk mitigation measures. The tool’s contributions extend to regulatory compliance and transparency by presenting data in a manner that aligns with industry standards and helps maintain the integrity of financial systems. In essence, data visualization not only enhances operational efficiency but also enriches the client experience, offering intuitive dashboards for tracking financial activities and investments. The importance of data visualization in banking and finance is tremendous, making it a critical asset for enabling strategic agility and ensuring the highest standards of quality and performance. Also Read: How MBA-BKFS helps you transition into leadership positions in the BFSI sector. How is data visualization used in banking & finance? In the realm of banking and finance, data visualization is a strategic asset used across multiple dimensions, each serving a critical purpose. Here’s an overview of its applications: Risk reporting & analytics: Data visualization equips financial institutions with the ability to comprehensively understand and convey risk factors. It provides intuitive, real-time representations of market, credit, and operational risks, thereby aiding in more informed risk management and regulatory compliance. Client reporting & CRM: Data visualization is employed to create visually engaging reports for clients, offering them a clearer view of their investments, performance, and market insights. This fosters stronger client relationships. Moreover, it aids in CRM (Customer Relationship Management) by providing a holistic view of client interactions and preferences. Liquidity management: Visualizing liquidity data is crucial for optimizing capital allocation and managing cash flows efficiently. Through visual dashboards, financial professionals can closely monitor liquidity positions, forecast cash requirements, and make well-informed decisions regarding investments and debt management. Customer analysis: Data visualization enhances the depth of understanding of customer behavior and preferences. By representing customer data visually, financial institutions can customize their offerings, elevate the customer experience, and craft targeted marketing campaigns. Anomaly detection: Detecting irregularities in financial transactions is vital for fraud prevention and risk mitigation. Data visualization tools are deployed to spotlight unusual patterns or anomalies, enabling swift action to safeguard financial assets. Data sharing & collaboration: Data visualization streamlines the sharing and collaborative analysis of intricate financial data. It simplifies data interpretation, fostering improved cross-functional communication and informed decision-making within the organization. Read More: MBA in Banking & Financial Services vs. MBA in Finance Top data visualization tools for banking & finance professionals Every data related job in the banking sector nowadays requires sound knowledge of data visualization tools. These data tools provide banking and finance professionals with a range of options to create polished, professional, and highly informative visualizations. They empower users to make data-driven decisions, communicate insights effectively, and drive better financial outcomes. Let’s delve into the detailed discussion of the top data visualization tools: Tableau: Overview: This premier data visualization tool excels in delivering a comprehensive platform for developing spectacular visual articulations of financial data. It is widely acknowledged for its capacity to create interactive, user-friendly dashboards from intricate datasets. Key Features: Bar charts, line graphs, heat maps, and other visualization options are just a few of the many options that Tableau provides. Financial experts can choose from a variety of data sources with ease owing to its effortless integration capabilities. The tool’s powerful analytical features allow for in-depth data exploration and trend analysis, and its drag-and-drop interface makes it easier to create custom visualizations. Power BI: Overview: Power BI, developed by Microsoft, is a top-tier business intelligence and data visualization tool that is particularly suitable for financial analysis and reporting. Businesses that already employ Microsoft tools will favor it owing to its easy compatibility with those products. Key Features: Power BI offers a wide range of visuals and customizations, making it easy to design reports and dashboards that cater to specific financial metrics and KPIs. It supports data modeling, allowing finance professionals to create relationships between different data sources and build complex financial models. Moreover, it provides natural language querying for non-technical users to easily extract insights from the data. Pivot tables: Overview: Pivot tables are an integral part of Microsoft Excel, and they are indispensable for financial professionals. These tables enable users to reorganize and summarize large datasets, making them more manageable for analysis. Key Features: Pivot tables allow users to quickly dissect financial data, offering features like filtering, sorting, and calculations. They are highly efficient for tasks like creating financial statements, performing scenario analyses, and gaining deeper insights into transactional data. Heat maps: Overview: Heat maps are a powerful tool for financial professionals to visualize patterns and trends within data. They are particularly useful when dealing with risk assessment, portfolio performance, or market analysis. Key Features: Heat maps use color gradients to represent values, making it easy to spot hotspots and anomalies. Heat maps are a useful tool for managing risks and making investment choices since they allow finance professionals to illustrate spots of interest or concern within complex datasets. Stacked bar charts: Overview: Stacked bar charts are effective for displaying the composition of financial data over time or by category. They are excellent for illustrating the breakdown of revenue, expenses, or investment portfolios. Key Features: Stacked bar charts enable a clear comparison of different components within a dataset, making it easy to identify trends and proportions. They are a favored choice for financial presentations and reports, aiding in conveying complex financial data to stakeholders and clients. Read More: Best online degree courses in banking and finance Conclusion Data visualization is the lodestar that illuminates the path in banking and finance, offering a gamut of benefits that range from shrewd decision-making to heightened efficiency. Its applications are diverse, spanning from investment analysis to risk management, and it is enabled by a plethora of potent tools. For individuals seeking a data analysis job in the finance sector and aspiring to excel in the ever-dynamic banking and finance arena, TAPMI’s MBA in BKFS (Banking and Financial Services) is a gateway to a transformative career. This program not only equips you with a deep understanding of the intricacies of finance but also sharpens your skills in data-driven decision-making. TAPMI’s BKFS program offers the knowledge and experience needed to navigate the multifaceted financial world effectively. As data visualization continues to evolve and reshape the financial industry, TAPMI ensures that you are at the forefront of this transformation, poised to advance your banking and finance career to new heights. Also read: Top job roles TAPMI’s on-campus MBA-BKFS alumni are working in
All you need to explore a career in banking Posted on November 30, 2023December 4, 2023 by Online Manipal Editorial Team The banking industry offers a dynamic and rewarding career path that holds enduring appeal. If you think that careers in banking are about numbers only, you might want to think again. They’re much more than just professional pursuits since banks contribute to economic development. The industry provides an extensive spectrum of careers, including wealth management, investment banking, retail banking, and more. The enduring allure of this industry lies in its resilience. Even in turbulent times, banks remain pivotal, guaranteeing job stability and long-term financial growth. Thus, a career in banking stands out as a prudent choice, offering not only financial prosperity but also the promise of a satisfying and lasting professional journey. To embark on this path, it is essential to consider many factors, such as educational prerequisites and career development steps. Let’s delve into the intricacies of a career in the banking sector, as this article provides insights and details. Steps to explore a career in banking Although there are multiple opportunities in banking, it takes meticulous planning and preparation to start and grow a career in banking. The following are some essential steps to consider a career in banking: Pursue a relevant degree: In the intricate realm of finance, a successful career necessitates solid academic grounding. Degrees such as a Bachelor’s in Business Administration (BBA), Bachelor’s in Economics, or Bachelor of Commerce (BCom) are a great place to start. This undergraduate education encompasses finance, accounting, management, marketing, and business law, among other business and finance-related subjects. You will graduate from these extensive programs with a complete understanding of business fundamentals—a valuable skill in the banking industry. Your undergraduate studies lay the groundwork for specialized knowledge and skills necessary for a career in banking. Pursue a master’s degree: The pursuit of a master’s degree is not merely a choice but often a necessity to excel in the competitive realm of banking. Some of the most esteemed master’s degrees to consider include: MBA with specialization in BKFS (Banking and Financial Services): This program provides a deep dive into the intricacies of banking. It explores vital subjects such as financial analysis, risk management, banking regulations, investment strategies, and the broader financial ecosystem. Earning an MBA with this specialization bestows you with a specialized knowledge base that is highly sought after by employers in the banking sector. Read more: Career opportunities after an MBA in BKFS MBA in finance: While this is a broader specialization, it is closely aligned with banking. This program delves into financial markets, portfolio management, corporate finance, and advanced financial modeling. The strong financial foundation gained here is exceptionally valuable in banking. MBA in BFSI (Banking, Financial Services, & Insurance): If your interests encompass not only banking but also the wider financial services and insurance domains, this program offers an expansive perspective. It equips you with insights into the interplay between banking, insurance, and the financial markets. Get your basic skill set right: Banking is a field that demands a multifaceted skill set. A robust grasp of the following competencies is essential for success: Financial skills: Gain a thorough understanding of financial principles, including risk assessment, financial modeling, investment techniques, and financial statements. This knowledge is the cornerstone of portfolio management, client interaction, and decision-making. Mathematics & accounting: Proficiency in mathematics and accounting is non-negotiable in banking. The industry requires you to engage in intricate calculations, financial analysis, risk evaluation, and portfolio optimization. A solid foundation in these areas is indispensable. Analytical skills: Banking professionals are frequently confronted with complex data and multifaceted problems. Robust analytical skills enable you to dissect data, recognize trends, and make informed, data-driven decisions. These skills are pivotal for effective problem-solving and strategic planning. Digital skills: Banking is rapidly evolving with technological advancements. Fintech innovations, digital tools, and online platforms are integral to modern banking operations. Staying abreast of these digital trends and acquiring proficiency in their use is imperative. Communication skills: Effective communication is the linchpin of a successful banking career. You will need to convey intricate financial concepts to clients, collaborate seamlessly with colleagues, and articulate ideas persuasively. Sharpening your verbal and written communication skills is indispensable for navigating the nuances of the banking world. Read More: Why banking professionals must master in AI Establish a network with industry professionals: Building a substantial network of connections within the banking industry is a strategic move. The value of these connections cannot be overstated. Industry connections can provide you with insights, mentorship, internship opportunities, and even job offers. TAPMI’s MBA BKFS program, for instance, serves as an ideal platform for cultivating relationships with seasoned professionals. This program likely facilitates networking events, guest lectures, and industry interactions, offering you direct access to the wealth of knowledge and experience that industry veterans possess. These connections can significantly enhance your understanding of the sector, guide career choices, and potentially open doors to fulfilling roles in the banking industry. Launching a career in finance and banking necessitates a meticulous approach that includes building a solid educational foundation, relentless skill development, and the cultivation of a thriving professional network. By thoughtfully adhering to these steps and choosing the right educational programs, you position yourself for a dynamic and rewarding journey in the multifaceted world of banking. Top careers to explore in banking The banking careers are highly specialized and require advanced education and professional development. Staying updated with evolving financial regulations, market dynamics, and industry trends is crucial for sustained success in these roles. The following is a detailed explanation of each of these banking careers. Investment banker: Investment bankers are financial experts who collaborate with corporations and governments on intricate financial transactions. They assist in capital-raising activities like Initial Public Offerings (IPOs), mergers, and acquisitions. Investment bankers meticulously analyze financial data, market conditions, and industry trends. They also provide strategic advice to clients. This role demands exceptional analytical, negotiation, and communication skills. It often involves long hours and the need to build and maintain strong client relationships. Highest annual salary: ₹40.0 lakhs Read More: A guide to becoming an investment banker Financial analyst: Financial analysts are pivotal in guiding individuals and organizations in their financial decision-making. They meticulously examine financial data, evaluate investment opportunities, and deliver insightful recommendations. They may be in charge of financial modeling, risk analysis, and portfolio management. A thorough understanding of financial markets, strong analytical skills, and meticulousness are necessary for success in this position. Highest annual salary: ₹ 11.5 lakhs Bank manager: Bank managers regulate the day-to-day activities of a bank branch and ensure that the branch operates smoothly, offers superior customer care, and accomplishes its financial goals. They play a crucial role in managing and motivating their staff. Excellence in customer service, outstanding managerial skills, and a solid grasp of industry regulations and banking standards are vital for this position. Highest annual salary: ₹16.0 lakhs Financial risk manager: These experts identify and mitigate risks that could pose a threat to a bank’s financial stability. Examining market risk, credit risk, and operational risk cautiously, they formulate plans to manage and mitigate these risks. Risk managers play a critical role in protecting the financial stability of banks and require a deep awareness of regulatory requirements, a thorough comprehension of financial instruments, and sophisticated analytical and problem-solving skills. Highest Annual Salary: ₹ 24.0 lakhs Equity analyst: Equity analysts are specialists in the analysis of stocks and securities. They conduct in-depth research on companies and industries to provide investment recommendations. This entails assessing financial statements, studying industry trends, and evaluating market conditions. Equity analysts must possess superior analytical skills, strong research acumen, and the ability to make accurate predictions about market movements. Their insights are invaluable for investors. Highest annual salary: ₹ 18.0 lakhs Wealth manager: These professionals provide tailored financial portfolio administration, investment techniques, financial strategy, and estate planning solutions for affluent individuals and families. In this position, building and sustaining solid client connections is essential. They ought to be highly competent communicators with a thorough understanding of investment strategies and their clients’ financial objectives. Their expertise ensures the growth and protection of their clients’ wealth. Highest annual salary: ₹11.9 lakhs Credit analyst: Credit analysts focus on evaluating the creditworthiness of individuals or businesses seeking loans or credit. They scrutinize financial statements, credit reports, and various data sources to assess the risk associated with lending money. Precision and attention to detail are imperative in this role, along with robust analytical skills and a comprehensive grasp of lending and credit principles. Credit analysts help banks make sound lending decisions while managing risk. Highest annual salary: ₹15.1 lakhs Read More: Top career paths to explore in new-age banking Why pursue an online MBA BKFS from TAPMI Pursuing an online MBA in Banking and Financial Services (BKFS) from TAPMI is a prudent choice for several compelling reasons. TAPMI’s sterling reputation as a premier business school ensures high-quality education and an extensive alumni network. The online format provides the flexibility required for professionals to elevate their careers without disrupting their work commitments. TAPMI’s rigorous curriculum integrates theoretical knowledge with real-world applications, enhancing students’ ability to excel in the ever-evolving financial industry. With a strong emphasis on leadership and ethics, TAPMI equips graduates to navigate the complexities of the financial sector with confidence. The program’s AACSB accreditation further validates its academic excellence, making it a top choice for aspiring financial professionals. Read More: How TAPMI online MBA-BKFS electives help professionals tailor their career paths Conclusion In conclusion, a career in banking is a rewarding path that commences with the appropriate training, competencies, and well-defined plans. If one is prepared to study and adjust, the banking profession, with its many areas of expertise, presents a world of possibilities. Land yourself in a promising position for a lucrative and fulfilling career by adhering to the aforementioned steps. Keep in mind that your efforts have the power to influence the financial prospects of individuals, businesses, and the community overall, making it an extremely worthwhile and significant career choice. Enroll in an online MBA in BKFS from TAPMI Institute without a second thought. A career after MBA in banking offers a rich landscape of opportunities for individuals who invest in their skill development and professional growth. So, hurry! Enroll now.
Wealth Manager career path Posted on November 30, 2023December 6, 2023 by Online Manipal Editorial Team Enter the captivating world of wealth management, where financial acumen and personalized relationships converge to shape the financial destinies of high-net-worth individuals and institutions. In this dynamic arena, you wield the power of financial insight, forging deep connections with clients and navigating the complexities of wealth growth and preservation. It is a career of profound trust and ethical responsibility, offering not only the potential for substantial financial rewards but also the rare privilege of guiding clients toward their financial dreams. If you often ponder “Is wealth manager a good career?”, read on to get answers to all your queries. This post outlines the Wealth manager career path, highlighting the essential steps, qualifications, and skills required to succeed in this rewarding profession. What does a wealth manager do? A Wealth Manager is a seasoned financial professional who specializes in serving individuals and families with substantial financial resources. They play a pivotal role in crafting and executing tailored wealth management strategies to achieve their clients’ financial goals. This multifaceted role encompasses a thorough analysis of a client’s financial situation, risk appetite, and long-term objectives. These experts curate diversified investment portfolios, implement tax-efficient strategies, and delve into complex estate and retirement planning. Their expertise extends to staying abreast of market trends, identifying lucrative investment opportunities, and making data-driven decisions on behalf of their clients. Ultimately, the core mission of a Wealth Manager is to safeguard and augment their clients’ wealth while minimizing financial risks and optimizing overall financial well-being. Wealth manager career progression Let us explore the distinct roles that constitute the career path in wealth management, ranging from entry-level positions to prestigious senior roles. Associate/analyst level: This is the foundational stage of a career in wealth management. Associates or Analysts often hold roles that involve financial analysis, market research, and client support. Their responsibility is to acquire comprehensive knowledge of financial markets, investment products, and the subtleties of wealth management. Building a strong knowledge base and acquiring expertise in the field are critical at this level. Relationship manager: With accumulated experience and expertise, professionals move up to become Relationship Managers. Their primary responsibility is to cultivate and nurture client relationships. They engage in in-depth discussions with clients, assess their financial goals, and tailor investment strategies accordingly. Relationship managers, frequently working one-on-one with clients, are essential in comprehending and meeting their financial demands. Director of business development: As wealth managers progress in their careers, some may transition into the role of a Director of Business Development. This role shifts the focus from managing individual clients to growing the client base of the firm. Directors of Business Development devise and execute strategies to attract new high-net-worth clients. They often lead a team of Relationship Managers, guide them in client acquisition, and create business growth opportunities. Successful networking and strategic planning are key aspects of this role. Portfolio manager: Portfolio Managers are responsible for the strategic management of investment portfolios. They make critical decisions on asset allocation, investment selection, and risk management. They continuously monitor portfolio performance and adjust strategies as needed to meet clients’ financial objectives. This role demands a profound understanding of financial markets, risk assessment, and investment analysis. It is where professionals use their expertise to optimize client portfolios and generate returns. Private wealth manager: Private Wealth Managers operate at the top of the wealth management hierarchy. They cater to ultra-high-net-worth individuals or families with substantial financial assets. Their role goes beyond investment management, encompassing comprehensive wealth planning. This includes estate planning, tax optimization, succession planning, and asset protection. Private Wealth Managers collaborate with a team of specialists, such as tax advisors, estate planners, and legal experts, to offer holistic financial solutions to their elite clientele. Also Read: Best colleges for MBA in Banking & Finance Wealth manager salary A Wealth Manager’s compensation is subject to a multitude of intricate factors that reflect their expertise and success in the field. The salary range for this role is ₹ 2.8 Lakhs to ₹ 11.9 Lakhs, with an average of ₹ 7.2 Lakhs per year. However, the salary may vary with experience. It is imperative to recognize that compensation in this domain often encompasses performance-linked incentives, commissions, and profit-sharing arrangements, which can substantially enhance a Wealth Manager’s overall income. Furthermore, supplementary benefits like stock options, retirement packages, and other incentives are typically integral to their compensation packages. In essence, the salary potential of a Wealth Manager is intricately linked to their aptitude for attracting affluent clientele and adeptly overseeing their investments. Also Read: Employers explain why MBA salary packages are so high How to advance as a wealth manager Advancing as a Wealth Manager requires a comprehensive approach, encompassing a deep understanding of financial intricacies and the cultivation of a strong professional presence. Here are the key elements: Keep pace with financial trends: Continuously educate yourself on the dynamic financial landscape. Devote time to comprehending market trends, economic shifts, and global influences. Your ability to make wise decisions and provide clients with insightful information is enhanced by this knowledge. Subscribing to financial publications, attending industry seminars, and collaborating with research experts can aid in maintaining your expertise. Improve technical skills: Technical prowess is a hallmark of a successful Wealth Manager. Sharpen your skills in financial software, data analysis, and advanced investment strategies. Mastery of portfolio management, risk assessment, and asset allocation is essential. Pursue advanced training, certifications, and professional development opportunities to stay at the forefront of your field. Build connections: Networking is the cornerstone of client acquisition and career progression. Cultivate relationships with high-net-worth individuals, colleagues, and industry influencers. Actively participate in networking events, join professional associations, and leverage digital platforms to broaden your reach. Strong connections can result in client referrals, partnership opportunities, and career advancement. Get a certification: Earning a recognized certification, such as the Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA), adds a layer of credibility and expertise to your professional profile. These designations signify your commitment to the highest ethical and professional standards, instilling trust in clients and employers. Invest in continuing education: Wealth management is a continuously evolving field. Make a conscious effort to invest in ongoing education and development. Enroll in advanced courses, attend specialized workshops, and seek mentorship from industry veterans. Staying well-informed about the latest industry knowledge and best practices is vital for career advancement. By diligently following these steps, you can elevate your career as a Wealth Manager, delivering exceptional service and attracting a discerning and affluent clientele. Success in this domain hinges on a blend of technical expertise, market acumen, and a robust professional network. Also Read: Top online MBA programmes for working professionals How TAPMI’s online MBA-BKFS can boost your wealth management career TAPMI’s online MBA in BKFS (Banking and Financial Services) emerges as an invaluable asset for elevating your career in wealth management. This meticulously designed program encompasses an extensive array of advanced financial concepts, including portfolio management, risk analysis, and cutting-edge investment strategies. With a distinguished faculty and access to industry thought leaders, you will not only develop profound expertise but also expand your professional network. The TAPMI brand, known for its excellence in management education, bestows unmatched credibility, setting you apart in the competitive financial services landscape. Moreover, the flexibility of online learning enables you to tailor your education to your existing commitments, making it a prudent choice for ambitious wealth management professionals paving their way ahead in Finance Career Paths. Read More: Which is better, MBA in Finance or MBA in BFSI? Conclusion We hope you have found the answer to the question “How To Become a Wealth Manager?” In wrapping up the journey through the world of wealth management, it is clear that this career is a blend of expertise and empathy. By upholding ethical values and mastering financial knowledge, you become a guide for clients as they navigate the complexities of investments and financial security. This path is all about learning, adapting, and the potential for financial success. Beyond the money, it is a fulfilling journey that connects people’s financial dreams with reality and allows you to have a meaningful impact on their lives. To kickstart a fulfilling and financially rewarding career in wealth management, consider enrolling in the online MBA program in BKFS from TAPMI via Online Manipal. This program not only equips you with the necessary knowledge and skills but also provides valuable practical experience. Choosing TAPMI’s BKFS program could be your stepping stone to a prosperous future in the world of finance and wealth management. Don’t miss the chance to shape your financial destiny; seize this opportunity today. Read More: MBA BFSI course details
Credit Risk Analyst vs Financial Analyst: What’s best for you Posted on November 30, 2023December 6, 2023 by Online Manipal Editorial Team In the ever-evolving landscape of finance, two distinct career paths beckon those with a passion for numbers and economics: credit risk analysis and financial analysis. These roles serve as the bedrock of informed financial decision-making, yet they embody strikingly different responsibilities and opportunities. Aspiring professionals are presented with a pivotal choice – to embark on the meticulously focused journey of a credit risk analyst or the multifaceted world of a financial analyst. This decision, laden with implications for one’s career trajectory, demands a comprehensive understanding of the roles, their prerequisites, and the dynamic prospects they offer. Let’s delve deep into the key aspects of each role, which will enable you to make an informed choice, setting the course for a successful and fulfilling career in finance. Also read: How to decide on your MBA specialization? What is a credit analyst? A credit analyst is a financial professional tasked with evaluating the creditworthiness of borrowers. They are essential to the lending industry since they carefully evaluate an array of financial factors, including income, debt, and payment histories to establish the risk level associated with extending credit or loans. They prepare detailed credit reports, provide recommendations, and set credit limits, all while ensuring that lending remains a profitable yet prudent undertaking. When making lending decisions for individuals, businesses, or other organizations, banks, and other financial institutions mostly rely on the advice of credit analysts. What is a financial analyst? As a professional in the subject of finance, a financial analyst analyses financial data to offer insights that facilitate investment decision-making. These personnel delve into economic trends, company financial statements, and market conditions, utilizing their findings to make informed recommendations regarding investments, mergers, or financial strategies. Their analyses are essential for optimizing returns and managing risks, benefiting both individual investors and businesses seeking to make well-informed financial decisions. Differences between a Credit Risk Analyst & Financial Analyst Here is a detailed comparison of Credit Analysts and Financial Analysts that elaborates on their roles, responsibilities, the nature of their jobs, and the skills necessary for each position. Credit Risk Analyst roles and responsibilities: Credit Analysts are professionals with a specialization in evaluating and managing credit risk. Credit risk analyst job role and responsibilities encompass: Credit risk assessment: A credit risk analyst cautiously assesses the financial stability of individuals, firms, or organizations that apply for credit or loans. They scrutinize credit records, and financial accounts, in addition to financial data to assess the likelihood that these borrowers will pay off their loans on time. Loan approval: These experts offer recommendations about whether to approve or deny loans and credit applications based on their comprehensive analysis. They also decide on the loan’s terms and conditions, such as interest rates and payback plans. Account monitoring: After the approval, Credit Analysts continue to monitor the financial performance of borrowers. This continuous oversight is essential to evaluating the evolving credit risk and making sure borrowers follow the conditions of the loan agreement. Risk mitigation: In cases where there is higher credit risk, Credit Analysts may propose collateral or other risk mitigation measures to protect the interests of the lending institution. Credit reports: They prepare comprehensive credit reports that serve as vital decision-making tools for lending institutions. Nature of job: Credit Analysts are predominantly employed by financial organizations, including credit rating agencies, credit unions, and banks. Their primary responsibility is to evaluate and control credit risk, which is crucial to preserving these organizations’ financial security and stability. Key skills: To excel in the role of a Credit Analyst, individuals should possess the following key skills: Adeptness in financial analysis and a thorough comprehension of accounting concepts Expertise in risk assessment and the ability to devise effective risk mitigation strategies Thorough knowledge of financial markets and regulatory frameworks Exceptional attention to detail, as the accuracy of their assessments is critical Effective communication skills, as they frequently need to convey complex financial information to non-experts Financial analyst roles and responsibilities: Financial Analysts have a broader and more diversified set of responsibilities, covering various financial aspects for individuals or businesses. Financial analyst job role include: Financial planning: Financial Analysts play a central role in formulating financial plans and strategies. They analyse financial data to provide recommendations for optimizing financial health. Investment analysis: Evaluating investment opportunities, including stocks, bonds, and other assets, is a critical responsibility. They assist clients or their organizations in making informed investment decisions. Budgeting: Financial Analysts are deeply involved in creating, managing, and tracking budgets. They provide insights to improve financial performance by optimizing expenses and revenues. Forecasting: Developing financial models and forecasts is a common practice to predict future trends and outcomes, enabling better decision-making. Reporting: Financial Analysts prepare reports, presentations, and recommendations for management or clients to facilitate strategic financial decision-making. Read More: How to become a financial analyst Nature of job: Financial Analysts can be found across various industries, including corporate finance, investment banking, asset management, and consulting. Their role is more expansive and comprehensive compared to Credit Analysts and involves financial planning, investment analysis, and budget management. Key skills: To succeed as a Financial Analyst, individuals should possess the following critical skills: Proficiency in quantitative and analytical techniques, enabling them to analyse complex financial data effectively. Strong knowledge of financial modelling and the use of data analysis tools. Expertise in market research and investment analysis to provide valuable insights. Clear communication and presentation skills to convey complex financial insights to various stakeholders. A deep understanding of economic and industry trends is crucial for making informed financial recommendations. The primary distinction between these roles lies in their focus and scope. Credit Analysts are primarily dedicated to assessing credit risk and facilitating loan approvals, whereas Financial Analysts have a broader mandate, encompassing financial planning, investment analysis, and budget management. Both positions demand exceptional analytical and communication skills, but their work scope and the industries they serve are markedly different. Also read: Motivate yourself while pursuing an online degree! Credit analyst career path A career trajectory in credit analysis commences with an entry-level position as a Credit Analyst. Here, individuals receive comprehensive training in financial analysis, risk evaluation, and credit underwriting. Accumulating experience and expertise can lead to progression as Senior Credit Analysts, where they tackle more intricate credit assessments and offer recommendations to higher management. Advancement opportunities may encompass positions such as Credit Risk Manager or Portfolio Manager, overseeing the credit risk of an entire portfolio or a specific sector. With considerable experience, some credit analysts transition into roles like Chief Credit Officer or Director of Credit, holding pivotal roles in establishing credit policies and strategies within their organization. Continual professional development and certification, such as the CFA (Chartered Financial Analyst) or CRC (Credit Risk Certified), can significantly elevate one’s career prospects in this domain. The average salary of a Credit Risk Analyst in India is INR 15 LPA. Financial analyst career path The career progression for a financial analyst is characterized by a well-defined path requiring education and dedication. The individuals usually secure entry-level positions such as financial analysts or research assistants. In these roles, they develop essential skills in financial analysis, data analysis, and financial modeling. As experience is gained, financial analysts often opt to specialize in areas like investment analysis, risk management, or corporate finance. Career advancement can be expedited by obtaining professional certifications such as the CFA (Chartered Financial Analyst) designation. Mid-level roles may encompass positions like portfolio manager or senior analyst, while senior financial analysts often transition into managerial roles, overseeing teams of analysts. Ultimately, this career path can lead to executive positions like CFO (Chief Financial Officer) or CIO (Chief Investment Officer) in larger organizations. The average salary of a Financial Analyst in India is INR 11.5 LPA. Similarities between a credit analyst & financial analyst Credit analysts and financial analysts, despite their distinct focuses, share fundamental similarities in their roles within the financial realm. Both professions are integral to the assessment and management of financial risks. They engage in in-depth evaluations of financial data and statements, albeit with varying scopes. Credit analysts primarily delve into the creditworthiness of borrowers, while financial analysts have a broader purview encompassing financial markets and investment opportunities. Both positions require a profound command of analytical skills, a comprehensive grasp of financial statements, and the ability to decipher economic trends. Effective communication is a shared requirement, as both professionals often need to convey their findings to senior management or clients. In essence, their common ground is rooted in their analytical prowess and their shared commitment to facilitating well-informed financial decision-making, albeit within somewhat distinct domains. Credit analyst or financial analyst: What’s best for you? Credit risk vs. financial analyst—The decision between a career as a credit analyst or a financial analyst should be a well-considered one, guided by a deep understanding of your strengths and interests. If you possess an innate ability for meticulous scrutiny, an affinity for risk assessment, and a preference for structured financial environments, the path of a credit analyst may align with your strengths. Conversely, if you are drawn to the complexities of financial markets, have a passion for strategic investment analysis, and thrive in a more dynamic, ever-evolving setting, the role of a financial analyst might be the better choice. Ultimately, your decision should be rooted in your intrinsic abilities, affinities, and long-term career aspirations, as both paths offer distinct and rewarding opportunities within the financial sector. Also read: Choosing an MBA specialization depending on your skill set Why choose TAPMI’s online MBA BKFS TAPMI’s online MBA program, with a focus on Banking and Financial Services (BKFS), is an exceptional choice for those seeking a program of the highest caliber. This offering is meticulously crafted to provide a profound understanding of financial intricacies and strategic management. TAPMI’s distinguished faculty, cutting-edge curriculum, and commitment to excellence ensure graduates are equipped for success in the complex world of finance. The online format combines convenience with unwavering professionalism, making it a great choice for working professionals seeking to enhance their financial acumen. Opting for TAPMI’s online MBA BKFS is a strategic step towards a flourishing career in finance. Conclusion In the dynamic world of finance, choosing between a career as a Credit Risk Analyst or a Financial Analyst is a significant decision. Both roles offer exciting prospects, but they cater to different interests and skill sets. Assess your long-term objectives, abilities, and aspirations to make an informed decision that will set you on the trajectory to a rewarding financial vocation. As you embark on your professional journey, remember that TAPMI’s online MBA program in Banking and Financial Services (BKFS) is an excellent gateway to success in both roles. Enrolling in this program equips you with the knowledge and expertise necessary to excel in the dynamic world of finance. Choose your path wisely and take the first step towards a rewarding and prosperous future by joining TAPMI’s BKFS program. Also read: 15 useful tips to choose the best online MBA
Industries you can consider after an MSc in business analytics Posted on November 30, 2023January 16, 2024 by Online Manipal Editorial Team In this digital age, every action we perform produces fresh, raw data that businesses utilize. This past or present data is then used to build sophisticated models for driving success, fostering growth, and gaining a competitive edge. That is why business analytics jobs are becoming extremely prominent. Interested aspirants can expect abundant post-MSc business analytics career possibilities that are solid and fulfilling. The responsibilities of business analysts change from domain to domain. However, almost every business domain necessitates having business analysts, whether IT, manufacturing, E-commerce, or BFSI. If you wish to use data-driven methods to solve business problems, you can pursue various career opportunities for business analysts after MSc. Let’s examine the benefits of this course and Industries seeking MSc business analytics skills. Trending Industries You Can Work after an MSc in Business Analytics The evolving landscape of business analytics careers clearly shows that concrete careers can be built in the industry. The U.S. Bureau of Labor Statistics (BLS) predicts that the business analytics sector will rise by 25% by 2030. This rise states that business analytics graduates can find employment in various fields, such as IT, Ecommerce, logistics, banking, and marketing. Here are some potential Job sectors for MSc business analytics graduates to consider. Also Read: MBA in Business Analytics Course Guide IndustryAverage SalaryFinance₹8.40LPAAgriculture₹ 14.60LPAEducation and Training Sector₹ 7.8 LPAMedia and Entertainment₹ 19.40LPARetail Industry₹ 8.20LPATransport and Tourism Sector₹ 8.60LPALogistics₹ 10.5LPAHealthcare₹6.60LPA 01. Finance Finance is the first industry to fully utilize big data to boost commercial efforts. Financial business analysts help shape business strategy, identify patterns, and make forecasts to make informed decisions. Finance roles, particularly in fintech, are quite profitable and fulfilling for data specialists. Finance organizations like investment banks, venture capital firms, and consumer banks use business analytics. 02. Agriculture Agriculture industry employs a wide range of innovative technology and procedures, including big data and business analytics. From optimizing irrigation systems to improving supply chain efficiency, business analysts are a part of every face of the agriculture industry. Companies can benefit by giving crucial data to farmers, which can help them enhance output and productivity. Companies and buyers of these crops use business analytics to optimize their raw material warehousing, storage, and transportation. 03. Education and Training Sector The pandemic made the need for greater technological adoption in the education industry even more pressing since the market for online learning solutions grew quickly. Businesses in the education sector utilize business analytics to optimize their learning strategies and course materials. They may provide insightful data using business analytics, which helps them improve their teaching strategies and enrich student learning. Big universities and colleges are starting to use business analytics to enhance enterprise management and streamline bus routes. Also Read: Top companies that hire Business Analysts! 04. Media and Entertainment The OTT platforms like Netflix, Amazon Prime, and Disney+ Hotstar leverage big data and business analytics to enhance user experiences. They gather and analyze data from their millions of users to customize suggestions and enhance consumers’ experiences on the website. Recommendation systems are improved by using additional relevant data and the genre a user has selected to watch. For instance, a well-known music streaming service, Spotify recommends songs and playlists based on the artists, albums, genres, and songs a user has engaged with or listened to. 05. Retail Industry E-commerce is the most prominent application of business analytics in the retail industry. Prominent e-commerce giants like Amazon use business analytics to customize customer recommendations and maximize sales. Personalized recommendations increase sales since they make it easier and faster for customers to find their needs. Retail businesses can optimize other items by using business analytics to determine which products sell the best and why, in addition to personalization, these products should be optimized. 06. Transport and Tourism Sector Business analytics is used in various aspects of the transportation and travel industry. First, business analytics is used by governments to track and manage traffic. It aids in developing intelligent transportation systems and route planning optimization for efficient general traffic management. There will be a greater need for business analytics in traffic management as governments integrate more technology. On the other hand, travel agencies employ business analytics to develop client profiles and identify opportunities for improving user experiences. Also Read: Why is the MSC in Business Analytics best done with Online Manipal? 07. Logistics There are numerous use cases for business analytics in logistics. Supply chain analytics is a well-known subfield of business analytics that analyzes an organization’s supply chain (warehousing, transportation, logistics, etc.) to identify its weak points. Businesses utilize business analytics to find ways to enhance their transportation strategies and make them more effective and efficient. Using a more efficient transportation system, the business will save much time and money when transferring raw materials, completed goods, and manufacturing components. 08. Healthcare Business analytics is rapidly being employed in healthcare, a sector that has depended entirely on paper data systems for generations. Data in this context can provide insights into systemic resource waste, measure practitioner performance, calculate medicine compositions, classify clinical data, detect illnesses in photos, assess patient behavior, and much more. Here is Why doing an MSc in Business Analytics from MAHE is the Best! Manipal Academy of Higher Education (MAHE), often called the institution of eminence, offers real-world business analytics skills and abilities with practical applications. The university has AIRIIA and NAAC accreditation with an A++ grade. NIRF Ranking 2023 ranks MAHE as the 6th biggest premier university in India. There is a huge need for qualified analysts in all business sectors. This program helps you gain the skills that employers are looking for so you may succeed in the changing workplace by integrating analytics with business domain knowledge. The program aims to nurture business analytics experts who want to work in the enormously profitable analytics and data science sectors. MAHE is also home to top-notch educational resources that turn learning into a joyful experience. Conclusion Masters in business analytics explore big data, artificial intelligence, and data analytics. Business analytics offers abundant opportunities for business analysts after MSc to create a rewarding career. MAHE’s MSc in Business Analytics provides students access to top-notch facilities, resources, and experiences. Our partnerships with academic institutions, governmental bodies, and organizations in the fields of study, research, and service help and empower students to succeed in the real world.
Responsibilities and role of a brand consultant Posted on November 30, 2023March 1, 2024 by Online Manipal Editorial Team In this ever-evolving market, how you sell matters more than what you are selling, and the branding stands in the middle of it all. The buyer no longer looks only for the product or service but the brand that is selling and how they are interacting. To shape a brand identity that is easily recognizable and vibrantly memorable, organizations work toward creating solid branding, and this is where they turn to a brand consultant. From developing brand strategies to designing brand communications, a brand consultant performs an in-depth analysis of the company’s marketing and branding materials. They help create a solid brand reputation and image that sets the business apart from the competition. Let’s understand what is brand consultant and how they help in business development. For your intrest: How to become a brand manager? Defining the role of a brand consultant As important as they are, the question remains: Who is a brand consultant? Brand consultants are specialists in the field of branding who use their skills and knowledge to help companies develop long-term branding strategies that will differentiate them from competitors. The apt answer to ‘What does a brand consultant do?’ is that they assist companies in developing and maintaining their brand identity. They also conduct market research, identify target audiences, create brand guidelines and standards, and more. Brand StrategistBrand ConsultantDevelop and maintain an effective brand identityCreate a brand strategy to develop and promote brandConduct market researchProtect and defend the brandDevelop brand guidelines and messagingCreate and maintain an image or identityCreate marketing campaigns for brand awarenessDevelop a marketing campaign Brand analysis and strategy development A brand consultant’s main duty is to pinpoint the issues with the business’s operations, sales force, advertising techniques, branding strategies, and competitiveness in the market. A brand consultant identifies and analyzes the issue to offer practical solutions. Upon auditing a company, consultants assist brands in creating more effective tactics to enhance their reach and reputation. For you: 8 ways for successful brand management The difference between a brand strategist vs brand consultant is that a strategist develops and maintains a strong brand identity, whereas a consultant is an expert in branding and creating a certain image or identity for a company. Example: LEGO faced problems in the early 2000s that endangered its reputation. Poor sales and extreme competition also slowed the company’s recovery. The company reintroduced themes like City, Castle, and Space to reshape its brand. The themes were hit with the consumers and restored its reputation as a company encouraging play-based learning and creativity. Target audience and market research The ability to research companies, marketplaces, audiences, segments, and rivals gives a brand consultant the necessary tools to understand the industry and discover opportunities. Brand consultants research current consumers’ demographics and interests to determine the business’s ideal target market. They further divide the target market into manageable segments per data analysis based on shared needs, preferences, or characteristics. They survey the market to evaluate competitors and examine the information to determine effective strategies. Once the brand strategy consultant has a firm grasp of the company and its competitors, they will begin looking for information that helps guide the company’s branding approach. Example: Redefining beauty and reinventing its brand were the two main objectives of Dove’s 2004 Real Beauty campaign. The main objective of repositioning was to redefine the brand to stand out from competitors and appeal to a wider audience with a more positive and inclusive message. Dove is now using regular people to highlight the value of authenticity. Brand communication and messaging Sharing brand stories makes an emotional connection with potential clients easier. If businesses are clear about brand identity, customers trust and believe more in their product or service. A thorough awareness of the target audience, creativity, and sincerity are necessary for effective brand storytelling. Brand strategy consultants establish long-lasting connections with the target audience by incorporating the mentioned features in the branding strategy. Top pick: Mindful marketing and emotional well-being: A customer-centric approach of brands It’s the skill of communicating your brand’s core, mission, and unique selling propositions in a way that touches customers’ emotions deeply. A brand’s message has power when it can establish quality, convey its worth, and build emotional connections with customers. A well-written brand message can help the business stand out from the competition and win over customers. Example: American Express’s old infamous slogan was “Don’t leave home without it,” which is revised to “Don’t live life without it”. However, the message stays the same: owning an AmEx card is necessary. AmEx’s brand communication strategy has placed a strong emphasis on uniformity and consistency. Due to the ongoing usage of taglines across all advertising mediums, there is a consistent voice and message that creates an image that an AmEx card is required. Also Read: Important concepts to learn in MBA Marketing Collaborative leadership and implementation Collaboration between teams and brand advisors is necessary to create successful brand strategies across different channels and marketplaces. Brand consultants maintain constant and open lines of communication with the team to share updates on progress, roadblocks, and feedback. Ensuring all firm members understand and adhere to brand standards is beneficial in coordinating brand strategy with business objectives. A brand consultant must explain and keep track of the rules, including those pertaining to logos, colors, fonts, tone, and messaging. Employees and partners should get brand-related education and training so they know how to apply the guidelines. Example: Brand collaborations are all that Fragment Design engages in. It operates like a product drop consultancy for design and streetwear. However, Fragment’s owner, Hiroshi Fujiwara, is the key to its success. It’s common to refer to Fujiwara as the “Godfather of streetwear.” In the early 1990s, he developed the product drop trend. MAHE’s MBA in marketing: A revolution in education An MBA in marketing is one of India’s most desirable and in-demand degrees that open doors to various domains. Manipal Academy of Higher Education (MAHE) offers comprehensive online MBA programs to all graduates that provide you with: Opportunity to grow your professional network by hosting frequent webinars and guest lectures where you can engage with leading industry figures, eminent professors, and professionals. Freshmen can acquire cutting-edge management strategies and business concepts from knowledgeable faculty members. MAHE employs a state-of-the-art learning management system (LMS) designed by prominent faculty members and business experts to deliver its MBA programs. The reading materials, quizzes, short films covering different topics, and recorded lectures are available to students. Conclusion Today’s quickly expanding commercial landscape depends highly on branding and marketing for success. Every business requires a branding and marketing expert that helps the business grow. Their growing demand makes the MBA marketing career a desirable one. Through Online Manipal, MAHE offers an online MBA program with nearly all specializations. The program embraces interactive learning experiences and meeting sessions for deeper learning. Benefits like flexible study schedules, self-paced learning, affordability, an innovative methodology, and international recognition are all available to you.
Trending industries you can consider after an MSc in Data Science Posted on November 29, 2023January 3, 2024 by Online Manipal Editorial Team Data scientists are in high demand in today’s data-driven world as more and more firms have started leveraging data for growth and expansion. Data scientists provide insightful analyses that support greater investigation by various organizations and individuals. In addition to being financially lucrative, emerging trends in data science career options also foster intellectual development. This growing trend is fueling numerous opportunities for data scientists after MSc. Between 2022 and 2032, opportunities for data scientists with an MSc are predicted to increase at a rate that is 35% faster than the average for all jobs. These job opportunities range from data scientist to machine learning scientist. Let’s explore the most trending career options for MSc data scientists. Trending industries you can work after an MSc in Data Science Modern businesses rely heavily on data to identify patterns, insights, and methods for streamlining operations. All this makes data science one of the top careers with the highest-paying potential. Let’s dive deep into the post-MSc data science industry options. IndustryAverage SalaryBFSI and Financial Services₹5,46LPAInformation Technology₹35.0LPAHealthcare Services₹17.4LPAAutomotive₹15.8LPARetail Industry₹21.8LPAEntertainment and Media₹14.0LPADigital Marketing₹4.2LPATelecommunications Industry₹ 14.1LPANote: All the numbers mentioned above are only indicative and may vary based on the industry. 01. BFSI and Financial Services In the Banking, Financial Services, and Insurance industries, increased use cases have resulted in a tremendous rise of data to be examined and used. That is why there is a high demand for data scientists in the BFSI industry. The professionals help detect fraud and dangers, identify income possibilities, manage loan appraisal, and secure customer data. In-demand Career Paths: Financial data scientists, financial analysts, risk managers, and big data analysts Also Read: Data Science Use Cases in Finance 02. Information Technology The tech industry is one of the most popular destinations for aspiring data scientists. They help produce tech products and services, manage cyber security risks, predict customer trends and patterns, and generate actionable tech strategies. Data science take numerous responsibilities in industry that range from building machine learning model to making accurate data-relied predictions. In-demand Career Paths: Data scientist, data analyst, database administrator, and machine learning engineer 03. Healthcare Services Data science has wide applications in healthcare that range from medical image analysis to predictive analytics. It also helps uncover, analyze, and produce actionable insights from raw data. It also helps in mapping the spread of viral infection, increasing efficiency in hospitals and healthcare institutions, improving diagnosis and treatment methods, and more. In-demand Career Paths: Analytics manager, data scientist, medical imaging, predictive analysis, and business analyst 04. Automotive Automotive is the one industry that data science has helped maintain its competitive edge. It is helping enhance everything from research to design, production, and marketing processes. The use of sophisticated analytics has resulted in the development of autonomous automobile systems such as sensors, cameras, and radar. In-demand Career Paths: Data analyst, data engineer, and data scientist 05. Retail Industry Data scientists are in high demand in the retail industry due to their competence in processing and interpreting enormous data sets acquired from various sorts of consumers. They assist retailers in better understanding market trends as well as consumer behavior, demands, and interests. They use data insights to improve a retail business’s products, services, and revenues. Data science is helping firms better understand their customers. In-demand Career Paths: Business analyst, statistician, data architect, analytics manager, and business intelligence analyst Also Read: How Does an MSc in Data Science Help You in the AI Era? 06. Entertainment and Media The major media and entertainment companies employ data scientists to learn more about the audience, their interests, and preferences. OTT platforms use data science to provide their audience with the most relevant and personalized suggestions. Data scientists create calculated suggestions for pages, videos, and more. This information is also utilized to increase brand recognition as well as product and service consumption. In-demand Career Paths: Forecasting analyst, business intelligence developer, people analytics partner, junior data scientist, and content analyst. 07. Digital Marketing Digital marketing firms leverage data science to make better business decisions by predicting user behavior. The rise in demand for data scientists is because of the increasing number of social networks, search sites, online traffic display networks, movies, and web pages. Analysis of such large amounts of data necessitates a high degree of business intelligence, which can only be obtained via the proper use of data science approaches. In-demand Career Paths: Database developer, statistician, business intelligence analyst, data analyst, and data engineer 08. Telecommunications Industry Every minute, the telecommunications business creates vast volumes of data, including customer information, call details, and network statistics. This vast data necessitates employing a data scientist who can process and simplify it. It necessitates having a deep understanding of the various domains of data science, as well as significant industry knowledge, which will vary widely depending on the organization you work for. In-demand Career Paths: BI developer, analytics manager, data manager, and business analyst Also Read: Exploring new opportunities with MAHE’s Online MSc in Data Science Here is why doing an MSc in Data Science from MAHE is the best! Although data scientists can work on nearly any project in any industry, those who hold a master’s degree may be able to choose from a wider range of post-MSc data science industry options. A master’s degree is also useful if you wish to shift careers and work in data science. Obtaining an MSc in data science from the Manipal Academy of Higher Education (MAHE) is thus one of the best and wisest options. Here are some reasons why an MSc in data science from MAHE is the best option. The curriculum includes the proper blend of machine learning, big data analytics, and statistics to help you become competent at exploiting real-world data to solve issues. Both diverse training in data-centric research and solid methodological foundations in the decision sciences are provided. At MAHE, students receive insightful direction, coaching, and support from extraordinarily qualified faculty members. Through MAHE’s online webinars and seminars, students can receive practical guidance on real-world projects and scenarios. MAHE provides outstanding placement support in addition to workshops, alumni engagement, portfolio preparation, virtual recruitment drives, and other services. Conclusion One of the most popular courses to take in 2024 is data science. Given the enormous career potential and strong need for qualified data scientists, many professionals and students are becoming more interested in this field. Higher education and more skill development can be beneficial to seek greater opportunities for data scientists after MSc. If you want to improve your skills, getting a master’s degree in data science might be a worthwhile investment, as it can provide you with numerous career options for MSc data scientists. Getting an MSc in Data Science from the MAHE is a crucial move towards a lucrative and successful profession. MAHE’s competitive curriculum, knowledgeable professors, and cutting-edge tools offer an ideal professional and personal development environment. Opt for MAHE’s MSc in data science to succeed in future data science careers.
Importance of AACSB accreditation for online MBA Posted on November 29, 2023 by Online Manipal Editorial Team The landscape of education is undergoing a profound transformation, with online MBA programs becoming increasingly prevalent. As demand for remote and flexible learning options continues to surge, ensuring the quality and credibility of these programs becomes increasingly vital. This is precisely where Association to Advance Collegiate Schools of Business (AACSB) accreditation emerges as a crucial pillar of support. With global recognition and a reputation for producing graduates of exceptional caliber, AACSB accreditation is the golden seal that propels online MBA programs into a league of their own, fostering unmatched trust and opening doors to a future brimming with boundless possibilities. If you are pondering “Does AACSB accreditation matter for MBA?” or “Is AACSB accepted in India?”, this post is for you. Let’s delve into the significance of AACSB accreditation for online MBA programs, along with its implications, benefits, and the rigorous standards it sets. Read More: Online degree vs. regular degree: Which is a worthy investment in 2023? What is AACSB? Let’s start with “What is AACSB Accreditation?” AACSB, the Association to Advance Collegiate Schools of Business, is a distinguished international accrediting organization that specializes in the evaluation and accreditation of institutions offering business and accounting programs. With its inception dating back to 1916, AACSB has been instrumental in establishing and upholding stringent criteria for excellence in business education. It meticulously assesses institutions based on factors such as curriculum quality, faculty expertise, research accomplishments, and their engagement with the business sector. Earning AACSB accreditation represents a profound commitment to maintaining the utmost educational standards and a continuous pursuit of excellence. It signifies that students undergo a high-caliber business education, preparing them for successful professional endeavors. This accreditation is widely regarded and coveted in the world of academia and corporate recruitment, serving as a hallmark of global eminence in business education. How does a business school become AACSB accredited? Here are the primary AACSB accreditation standards explained: Strategic management: This standard necessitates that a business school create a well-defined strategic plan that articulates its mission, vision, and long-term goals. The plan should be adaptable to changing educational landscapes, showing a commitment to continuous improvement in line with its strategic objectives. Learner and stakeholder focus: Accredited institutions must prioritize the needs and expectations of their students and stakeholders. They should continuously assess and adapt their programs to meet these evolving demands effectively. Intellectual contributions: Faculty members are expected to actively engage in impactful research and intellectual contributions. This means publishing research in prestigious academic journals and participating in conferences, demonstrating the institution’s contributions to the field of business and management. Academic and professional engagement: Schools must establish active connections with the business world, fostering partnerships and collaborations. This ensures students gain practical experience and exposure to real-world challenges, making their education relevant and applicable. Curriculum development and teaching: Accredited institutions maintain high teaching standards and offer a well-structured curriculum. Faculty should be academically qualified and capable of delivering effective and up-to-date instruction aligned with industry trends. Student success: Schools establish robust methods to assess and enhance student learning outcomes, ensuring that students not only enter but complete their education, fully prepared for their future careers. Why is AACSB accreditation important? AACSB accreditation holds paramount significance for various compelling reasons. The advantages of AACSB-Accredited Online MBA Programs are as follows: Global prestige: AACSB-accredited schools are esteemed on a global scale. This recognition grants graduates the advantage of having their degrees universally respected, offering them the flexibility to pursue opportunities worldwide while showcasing the institution’s commitment to maintaining high standards of education. Exemplary curriculum: AACSB accreditation is synonymous with a rigorous and exceptional business curriculum. These accredited institutions are consistently at the forefront of academic excellence, offering students access to innovative coursework and the expertise of accomplished faculty members, ensuring they are well-prepared to navigate the complexities of the ever-evolving business landscape. Recruitment access: Institutions with AACSB accreditation benefit from a broad network of corporate recruiters and industry connections. This, in turn, provides students with abundant opportunities to engage with potential employers, including internships, job fairs, and other recruitment avenues, thus enhancing their career prospects. Elevated earnings: Graduates from AACSB-accredited programs generally enjoy higher earning potential. The comprehensive education and industry ties offered by these institutions equip students with the skills and knowledge needed for success in their professional journeys, translating into better financial prospects. Why do employers value AACSB-accredited MBA programs? Employers place a premium on AACSB-accredited MBA programs due to their distinct merits. This accreditation guarantees a robust and comprehensive business education, instilling graduates with a deep reservoir of knowledge and skills that are pivotal for success in the corporate realm. Furthermore, AACSB-accredited programs frequently emphasize hands-on experiential learning, honing leadership qualities, and fostering adept problem-solving capabilities, thus aligning graduates closely with the demands of real-world business challenges. This adaptability and commitment to constant improvement signaled by accreditation reassure employers that MBA graduates are adept at navigating the ever-evolving business landscape. Consequently, employers highly value AACSB-accredited MBAs for their mark of excellence, practicality, and enduring relevance in the fiercely competitive job market. Read More: Best online degree courses in banking and finance AACSB-accredited colleges in India Here is a list of the AACSB-accredited colleges in India: T. A. Pai Management Institute XLRI – Xavier School of Management, Jamshedpur K J Somaiya Institute of Management, Mumbai Management Development Institute, Sukhrali S. P. Jain Institute of Management and Research Jagdish Sheth School of Management (JAGSoM), Bengaluru Indian Institute Of Management–Lucknow (IIM–Lucknow) Indian Institute Of Management–Kozhikode (IIM–Kozhikode) Globsyn Business School XIM University TAPMI’s online MBA in BKFS in AACSB accredited T.A. Pai Management Institute is among the distinguished few in India to achieve AACSB accreditation, a recognition that reflects its unwavering commitment to maintaining the highest standards in business education. This esteemed accreditation underscores TAPMI’s dedication to providing a top-tier learning environment. The online MBA program in BKFS (Banking and Financial Services) at TAPMI is a testament to this commitment. Students enrolling in this program benefit from a comprehensive curriculum designed to instill in-depth knowledge and practical skills in the dynamic world of finance. With the AACSB accreditation backing the program, graduates receive not only a prestigious degree but also a competitive edge in the job market, making them equipped to excel in the financial services industry. Read More: How TAPMI online MBA-BKFS electives help professionals tailor their career paths Conclusion AACSB accreditation serves as the cornerstone of credibility and quality in the realm of online MBA education. For students, it opens doors to a world of opportunities, ensuring a transformative learning experience that goes beyond textbooks and lectures. The AACSB seal not only validates their efforts but also empowers them to navigate the complexities of the global business landscape with confidence. For institutions, it is a badge of honor, signifying their dedication to shaping future business leaders. In a rapidly changing digital landscape, AACSB-accredited online MBA programs stand as beacons of education, illuminating the path toward a brighter, more prosperous future for students and institutions alike. You may count on the affordable AACSB Online MBA Programs offered by TAPMI for a successful professional career. So, hurry! Enroll now. Read More: MBA in Banking & Financial Services vs. MBA in Finance
Crafting an impactful online portfolio: showcasing your skills in the digital era Posted on November 29, 2023 by Online Manipal Editorial Team In the contemporary job market, where first impressions are often made online, an online portfolio stands as a powerful means to showcase your skills, experiences, and achievements. This post explores the key elements and strategies to create a compelling online presence that not only reflects your professional competence but also sets you apart in the competitive digital landscape. 1. Introduction: The digital calling card Your online portfolio serves as a digital calling card, a virtual representation of your professional identity. It is the virtual gateway through which individuals, employers, and collaborators gain insight into your professional identity. This introductory section provides a concise yet impactful overview, encapsulating the essence of your journey, expertise, and unique contributions. Think of it as the initial handshake in the digital space, where first impressions matter profoundly. Crafting a compelling introduction sets the tone for the entire portfolio, inviting visitors to delve deeper into the narrative of your skills, experiences, and the value you bring to the professional arena. 2. Selecting the right platform: Tailoring your presence Choosing the appropriate platform for your online portfolio is a strategic decision that directly influences your digital presence. Tailoring your presence involves aligning the chosen platform with the nuances of your industry and personal brand. Whether opting for specialized platforms like Behance and Dribble or leveraging broader networks such as LinkedIn, the goal is to seamlessly integrate your unique professional identity. Customization is paramount—harmonize the design and features of the platform with the aesthetic expectations of your field. This ensures that your portfolio not only stands out visually but also caters specifically to the expectations of your target audience, creating a cohesive and memorable online representation of your skills and expertise. Also read: The importance of building a strong LinkedIn profile for job seekers 3. Curating your best work: Quality over quantity When showcasing your work, quality should always take precedence over quantity. Carefully selected projects should not merely showcase technical proficiency but also convey the depth of your problem-solving skills and the tangible impact of your contributions. Each inclusion should read as a strategic choice, providing a comprehensive narrative of your capabilities. By presenting a curated collection, you invite your audience to delve into detailed case studies, offering insights into your creative process and demonstrating the caliber of your work. This approach ensures that your portfolio becomes a compelling showcase of your skills, leaving a lasting impression on those who explore it. 4. Crafting a compelling ‘About Me’ section: Connecting on a personal level The ‘About Me’ section serves as a bridge between your professional persona and personal identity that creates a genuine connection with your audience. Share insights into your professional journey, values, and motivations, offering a nuanced understanding of the person behind the work. This narrative depth not only humanizes your portfolio but establishes a personal connection with those exploring it. By weaving a story that goes beyond the professional realm, the ‘About Me’ section becomes a compelling avenue for building trust, resonating authenticity, and making a lasting impression on potential collaborators or employers. 5. Showcasing skills and endorsements: Building credibility Dedicated to showcasing your skills and endorsements, this section is a cornerstone in fortifying your professional credibility within the digital realm. It goes beyond a mere listing of competencies, providing a nuanced portrayal of your abilities. Include both hard and soft skills relevant to your industry, complemented by endorsements or testimonials from peers, clients, or industry experts. This not only validates your proficiency but also adds a personal touch, offering a glimpse into the impact you’ve had on others in your professional journey. By presenting a comprehensive and endorsed skill set, you elevate your credibility, instilling confidence in those who engage with your portfolio and reinforcing the authenticity of your professional narrative. 6. Responsive design: Accessibility across devices Ensuring a responsive design is imperative in the digital age, where accessibility across various devices defines the user experience. Your online portfolio should seamlessly adapt to different screen sizes, from desktops to mobile devices, providing an optimal viewing experience. A responsive design not only demonstrates a commitment to user accessibility but also acknowledges the prevalence of mobile browsing. This adaptability enhances engagement by catering to a diverse audience. Test extensively to guarantee that visual appeal and functionality remain intact across all platforms. By prioritizing a responsive design, you not only showcase technical proficiency but also create a positive and user-friendly impression, reinforcing your commitment to professionalism and attention to detail. 7. Regular updates: Staying relevant The practice of regular updates within your online portfolio is synonymous with a commitment to staying dynamically relevant in the professional landscape. An ever-evolving portfolio not only reflects your ongoing growth but also communicates a dedication to staying abreast of industry trends and advancements. By consistently infusing fresh content, such as new projects, acquired skills, or recent achievements, you signal to your audience that your professional journey is dynamic and progressive. This approach not only proves your adaptability but also positions you as a professional who actively contributes to and thrives in the ever-changing dynamics of your field, reinforcing a contemporary and forward-thinking professional image. Also Read: 5 must-visit websites for effective job search: A placement training guide 8. Engaging visuals and media “Engaging Visuals and Media” constitutes the cornerstone of a compelling online portfolio, transcending mere aesthetics to become a dynamic storytelling mechanism. The strategic integration of high-quality images, videos, and graphics is instrumental in conveying the depth and impact of your work. Each visual element serves as a narrative, providing a nuanced understanding of your projects. Striking a delicate balance between aesthetic appeal and functional clarity is paramount, ensuring that visuals not only captivate attention but also enhance comprehension. In a digital landscape dominated by rapid information consumption, leveraging engaging visuals becomes a potent tool for leaving a lasting impression, underscoring the professionalism and meticulous craftsmanship evident in your digital narrative. 9. Search Engine Optimization (SEO): Enhancing visibility Search Engine Optimization is the strategic compass guiding your online portfolio through the vast digital landscape. This essential practice involves embedding targeted keywords, crafting descriptive meta tags, and structuring your content to align seamlessly with search engine algorithms. By adopting a proactive approach to SEO, you propel your portfolio into the spotlight of relevant online searches, maximizing its discoverability. This intentional optimization not only increases visibility but positions your professional narrative at the forefront of industry-related queries. Mastering SEO techniques becomes a potent tool for ensuring that your portfolio is not just a static entity but a dynamic, discoverable representation of your skills, ultimately expanding your reach within the professional domain. 10. Social media integration: Extending your reach Social Media Integration serves as a strategic bridge, connecting your online portfolio to a broader professional ecosystem. By thoughtfully incorporating links to platforms like LinkedIn, Twitter, or Instagram, you amplify the reach of your digital narrative. Consistent branding across these channels not only reinforces your professional identity but also enhances your online presence. This integration transforms your portfolio into a dynamic hub for real-time updates, industry insights, and engagement. It goes beyond a static display, allowing you to actively participate in conversations, showcase ongoing projects, and connect with a global audience. Conclusion: Elevating your professional presence In the digital era, your online portfolio is a dynamic tool that can significantly impact your professional journey. By carefully curating your best work, presenting yourself authentically, and staying current with industry trends, you’ll be well-positioned to showcase your skills effectively and make a lasting impression on those who explore your digital portfolio. Your online portfolio is an evolving representation of your professional identity. Regularly revisit and refine it to align with your growth, ensuring that it remains a compelling reflection of your skills and achievements. Leveraging this understanding, Online Manipal goes beyond education, offering placement assistance services that include online portfolio building. This tailored approach ensures not just knowledge acquisition but a seamless transition from learning to a fulfilling career in today’s competitive digital landscape. Read More: Overcoming common placement challenges: Tips for success
