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Top job roles in India and how to get them

Every year, India witnesses an influx of new job roles and opportunities in various sectors. While this provides ample scope for career growth, it can also be tricky to determine which jobs are in demand and how to land one. There are multiple job roles in India that are in high demand right now, and if you’re looking to make a career change or start your working life in this country, these are some of the best options to consider. Jobs in technology, engineering and management are all highly sought-after, while other popular choices include teaching and nursing. Read on for more information on job roles in demand for the future and how to get a job in top companies in India.

The Indian job market is constantly evolving, and new job roles are always cropping up. As a result, staying ahead of the curve and knowing which skills are in demand can be challenging. However, some role roles are consistently in need across all industries. Here are some of the top job roles in India, along with ways to upskill and land one of these coveted positions.

  • Business Analyst: Business analysts play a vital role in any organisation, as they are responsible for understanding and improving business processes. To land a job as a business analyst, it is essential to have strong analytical and problem-solving skills. Candidates with experience in data analysis and project management will be at an advantage.
  • Human Resources Manager: Human resources managers are responsible for recruiting, training, and managing an organisation’s workforce. To succeed in this role, candidates must have strong soft skills and experience in HR-related functions such as payroll and benefits administration.
  • IT Professional: With the rapid growth of the IT industry in India, there is always a demand for qualified IT professionals. To become an IT professional, you’ll need to complete a degree or diploma in Computer Science or Information Technology from an accredited university or institute. After completing your studies, you can look for jobs with Indian or multinational companies operating in India’s IT sector.
  • Engineer: India is the world’s leading engineering and technology talent destination. You must complete an accredited engineering course to become an engineer. Many universities in India offer engineering programs, so you’ll have plenty of options to choose from.

Highest paying jobs and how to get them

While many people dream of finding the perfect job, few stop to consider the highest paying jobs and how to get them. However, knowing which positions offer the highest salaries is essential for those looking to increase their earning potential. If you’re looking to begin your career in one of these fields, it is important to focus on getting the best education and a degree from a well-known, accredited university. 

Let’s look at some of the top 10 highest paying jobs in India, below:

Full-stack software developer

A full-stack developer is multi-talented when it comes to developing software applications. They are well-versed in front-end and back-end development, which means they can design and build user interfaces and write code that powers the application. In addition, full-stack developers often have a good understanding of DevOps (the process of developing, testing, and deploying software) and are comfortable working in a collaborative environment.

Many online courses can teach the skills needed to be a full-stack developer. The most important thing is to have a passion for coding and a willingness to learn new technologies. With that said, here are some steps you can take to become a full-stack developer:

  • If you’re new to coding, you’ll want to start by learning the basics. Fortunately, plenty of resources are available online that can help you get started.
  • As a full-stack developer, you’ll need to be proficient in front-end and back-end development technologies. Some popular front-end technologies include HTML/CSS, JavaScript, and React; for the back-end, common options include Node.js, PHP, Python, and Ruby on Rails. There are also many other specialised technologies used in software development (Databases: MySQL, MongoDB; Version Control: Git; Deployment: Amazon Web Services), so start exploring different options and find what works best for you.
  • Get experience building actual applications; the best way to learn full-stack development is by building applications from start to finish. This will give you first-hand experience with every aspect of the software development process and help you identify your strengths and weaknesses.
  • Another good way to learn full-stack development is by working with more experienced developers who can provide guidance and feedback. If possible, try to find a mentor at your job or in your network who can help you grow as a developer. Alternatively, there are many online communities (Slack channels, forums, etc.) where full-stack developers share tips and advice; participating in these communities is a great way to learn from your peers and get feedback on your work.
  • Technology is constantly changing, so there’s always something new to learn as a developer. Try to stay up-to-date on recent developments in the world of software development by reading blogs, attending conferences, or taking online courses. This will not only make you better at your job, but it will also make you more marketable as a developer.

Investment banker

An investment banker assists businesses in raising money by issuing and selling securities. They typically work for banks, but there is a growing number of independent firms that are also looking to hire such professionals. They help companies develop new investment ideas, negotiate loans, and advise on mergers and acquisitions. The investment banking industry is very competitive and challenging to break into. However, a few steps can increase your chances of landing a job.

  • First, get a degree from a good school. Investment banks prefer to hire candidates with degrees in business or economics.
  • Secondly, try to get an internship at an investment bank. This will allow you to learn about the industry and demonstrate your skills to potential employers.
  • Finally, networking is essential in the investment banking industry. Get connected with as many people as possible, and attend industry events. Following these steps will increase your chances of landing a job as an investment banker.

Check out the guide to become an investment banker

Data scientist

A data scientist is a professional responsible for collecting, analysing, and interpreting large amounts of data. They use their skills to find trends and patterns in data sets and predict future events. Data scientists typically have a background in math and statistics, and they use this knowledge to solve real-world problems. To become a data scientist:

  • One must first complete a bachelor’s degree in a field such as math or computer science.
  • After completing their undergraduate studies, data scientists typically complete a Master’s program in Data Science, which gives them the skills and knowledge they need to succeed in this field.
  • There are many jobs, and the steps to get these roles will vary depending on the specific position.
  • However, most data scientists will need to have strong analytical skills, as well as experience working with large data sets.
  • Those interested in pursuing a career in data science should consider taking courses in mathematics and statistics and classes focusing on computer science and programming. Anyone can become a successful data scientist with the right education and training.

Other related article: How to get into the Data Science industry?

Marketing manager

A marketing manager is responsible for planning and executing marketing campaigns. They help to develop strategies that align with the company’s overall objectives. Most top-level marketing managers have a bachelor’s degree in marketing or a related field.

  • They also have several years of experience in marketing or a related field, such as advertising, sales, or public relations.
  • In addition to experience and education, marketing managers must also have excellent communication, presentation, and analytical skills.
  • They must be able to lead and motivate team members and manage budgets and timelines. Marketing managers typically report to the Vice President of Marketing or the CEO.
  • To become a marketing manager, one would likely need to take on progressively more responsible roles within a marketing department over several years.
  • Most companies also require that their marketing managers have at least a bachelor’s degree in marketing or a related field.
  • Some large companies may even require that their marketing managers have an MBA.

Read the guide to become a marketing manager

Business Analyst

Business analysts play a vital role in organisations by helping to identify and solve business problems. To be successful in this role, business analysts must have strong analytical and problem-solving skills, along with the following qualities:

  • They must also communicate effectively with stakeholders to understand their needs and requirements.
  • In terms of education, business analysts typically have a bachelor’s degree in business or a related field.
  • Many also have experience working in the business before transitioning into a business analyst role.
  • Those interested in becoming business analysts should consider pursuing a bachelor’s degree in business or a related field.

Check this article about how to become a business analyst

Chartered Accountants

A chartered accountant provides financial and tax advice to businesses and individuals. They may also be involved in auditing financial statements and providing other financial services. 

  • To become a chartered accountant, you must complete an accredited accounting programme and pass the Chartered Institute of Accountants (CICA) exam.
  • Once you have met these requirements, you can use the title “Chartered Accountant” with your name.
  • In addition to providing financial advice, chartered accountants may also be involved in corporate finance, mergers and acquisitions, risk management, and other business areas.
  • With their deep understanding of financial principles, chartered accountants are prized members of any business team.

Machine Learning Experts

Machine learning experts are in high demand as more and more businesses look to harness the power of data. But what does a machine learning expert actually do? And how can you become one? A machine learning expert is responsible for developing and deploying algorithms that learn from data. To be successful, a machine learning expert, one needs to have strong mathematical and programming skills and a deep understanding of how machine learning algorithms work.

  • If you’re interested in becoming a machine learning expert, the first step is to obtain the necessary qualifications.
  • A degree in computer science or a related field is a good start, but there are also many online courses and boot camps that can teach you the basics.
  • Once you have the required skill set, it’s crucial to stay up-to-date with the latest advancements in the field and keep an eye on new datasets and problem domains where machine learning could be applied.
  • Finally, it’s also helpful to build a portfolio of projects showcasing your abilities. With the right skills and experience, you could soon find yourself in high demand as a machine learning expert.

Blockchain Developers

Blockchain developers are responsible for developing and implementing distributed ledger technology-based solutions to business problems. They work with clients to understand their needs and then design and build blockchain applications that meet those needs.

  • To become a blockchain developer, one must have strong programming skills and experience with distributed ledger technologies.
  • Many online courses can teach these skills, and most blockchain developers have at least a bachelor’s degree in computer science.
  • Once you have the necessary skills, you can apply for jobs at companies looking for blockchain developers. Many of these companies are startups, so you may need to be comfortable with a fast-paced work environment.
  • You will also need to work effectively as part of a team, as most blockchain projects require collaboration among multiple developers.
  • If you have the skills and experience required to be a successful blockchain developer, you can expect to find many opportunities in this growing field.

Cloud Architect

A Cloud Architect is responsible for designing, building, and managing an organisation’s cloud computing strategy. To succeed in this role, a Cloud Architect must deeply understand cloud technologies and how they can be used to meet an organisation’s business goals. They must also communicate effectively with both technical and non-technical teams.

  • There are a few different ways to become a Cloud Architect. One option is to pursue a degree in computer science or another related field.
  • Another option is to get experience working in IT or cloud computing roles and then transition into a Cloud Architect role. Many organisations also require Cloud Architects to have certifications from vendors such as Amazon Web Services (AWS) or Microsoft Azure.
  • Once someone has become a Cloud Architect, their job is to design and implement an organisation’s cloud computing strategy.
  • This includes determining which applications should be migrated to the cloud, designing the architecture of the cloud environment, and setting up processes and policies for using the cloud.
  • A Cloud Architect also needs to be able to manage and monitor the performance of the cloud environment. They may also be responsible for training other staff members on how to use the cloud platform.

Medical Professionals

A career in medicine can be both rewarding and challenging. Medical professionals play a vital role in the health and well-being of their patients. They may be responsible for diagnosing and treating illness, injuries, and chronic health conditions. They may also provide preventive care, including immunisations and health screenings. 

  • To become a medical professional, one must complete a rigorous education and training process.
  • The first step is to obtain a bachelor’s degree from an accredited college or university.
  • Once you have completed your undergraduate studies, you must obtain a medical degree from an accredited medical school.
  • After graduation, you will be required to complete a residency program to receive your licence to practice medicine.
  • In addition to completing your formal education and training, you will also need to pass a series of exams to become certified by the state where you wish to practice.

How online courses help you learn in-demand skills and make you job-ready

In recent years, online courses have become an increasingly popular way to learn new and job-ready skills. While traditional colleges and universities still offer a wealth of opportunities, online courses provide several advantages, especially for busy adults who may not have the time or resources to attend a traditional college or university. 

  • One of the most significant advantages of online courses is learning at your own pace. If you need extra time to understand a concept, you can review the material as often as you need. 
  • In addition, online courses often offer a more flexible schedule, allowing you to complete assignments and participate in discussion boards on your own time. 
  • Finally, many online courses are designed to teach in-demand skills relevant to today’s workforce. 
  • By taking advantage of the vast array of online learning resources, you can gain the skills you need to stand out in your field.
  • Best of all, many online courses are offered at a fraction of the cost of a traditional college education.
  • Whether you’re looking to learn a new programming language or brush up on your marketing skills, an online course can help you get ahead in your career. As a result, you can gain the skills and experience you need to succeed in your career.

Check out how online courses help your career and get better salary hikes

Know why Online Manipal is your destination for quality online education

With over 250 courses across 18 academic departments, Manipal University Jaipur (MUJ) offers something for everyone. Whether you’re looking to update your skills, learn a new subject, or pursue a course you’re passionate about, MUJ is the right choice. But what sets MUJ apart from other online education providers? Here are a few reasons why MUJ is your best choice for quality online education.

  • First, all the courses are designed and delivered by experts in their field. The faculty members are all experienced educators committed to providing a high-quality learning experience. In addition, the courses are constantly updated to ensure that they remain relevant and exciting.
  • MUJ’s online platform, Online Manipal, offers a wide range of support services to help you succeed in your studies. The student services team is available 24/7 to help you with everything from technical support to course advice. They also have a dedicated team of mentors who can provide one-on-one guidance and support.
  • Finally, MUJ offers flexible payment options to suit your needs. Whether you’re looking to pay in full upfront or spread the cost over time, there is a plan that’s just right for you.

So, if you’re looking for quality online education, look no further than Online Manipal. Their expert faculty, enhanced digital learning platform, abundance of learning content, and flexible payment options will help you get the most out of your studies.

With Online Manipal, you can get the education you need without sacrificing your busy lifestyle. Check out Online Manipal’s website and explore the various graduate and postgraduate programmes and enrol for the course that best suits your requirements.

Conclusion

In India, there are a vast range of fantastic career opportunities for candidates with the right knowledge and skill set. By staying up-to-date with the current technologies and trends, one can get into high-paying job roles and establish a secure future. Online courses are one of the best means for anyone to earn a degree or upskilling. Many reputed universities like Manipal University Jaipur (MUJ) offer UGC-entitled online degrees for students and working professionals and these degrees are valued highly by many renowned hiring companies.

How to switch your career: things to consider

The days of having a lifetime career with a single employer are long gone. You might think about changing professions at some point in your life, possibly several times. There are many reasons why people change careers, but whenever they do, it is essential to be proactive. A well-considered career shift will probably result in more job satisfaction. Individuals switch vocations for a diverse range of reasons, such as the need for future challenges and more fulfilment, the desire for flexible working hours and the adaptability of working from anywhere. Planning is crucial no matter what industry you are thinking about changing to. 

There is never a perfect time to look into new career opportunities or change professions. The pandemic brought on some modifications in the workplace and personal transformations, both positive and negative. Many professionals search for a revamped opportunity due to shifting aspirations and perspectives. The wisest course of action for employees in the current environment, where allowances are being eliminated, and performance expectations are rising, is to look for solutions that offer greater yields. In these trying situations, changing jobs has certain advantages. Due to a large number of layoffs, employers are increasingly seeking applicants with new knowledge of the sector.

Job searchers looking to change their career may take this opportunity to research and find businesses and sectors hiring right now and tailor their necessary documentation. It can be beneficial to shift into a career trajectory or field that is predicted to see substantial expansion and remain in demand as automation proceeds to alter employment and sectors, displacing employees. 

This article will cover the factors that lead to a career change as well as practical tips for switching careers in the future. You may expedite your process and explore a variety of career choices by using the tips outlined here.

It’s time to explore careers in high-demand industries

The pandemic and technological improvements have enhanced digitalisation across businesses, which has significantly altered the requisite skills for many business roles. Businesses had to quickly migrate their operations online and progressively rely on digital innovation to contact customers, comprehend their demands, and deliver services in a competitive and dynamic business climate.

It’s never late to consider making a career transition, even though switching careers can seem like an intimidating thought, notably if it’s midlife. It’s important to consider whether you intend to pursue a career move or a job change. The ability to absorb and learn new ideas and use them in rapidly evolving circumstances is a crucial skill that the pandemic has highlighted. Many businesses are currently looking for fresh talent with knowledge of digitisation, data analytics, IT, etc. Hone your soft skills, such as management, resiliency, customer focus, interpersonal skills, critical reasoning, problem-solving skills, innovation, rationale, brainstorming, etc., to be prepared for a career change. Technical prowess, including data analytics, cloud technology, online marketing, artificial intelligence, and cybersecurity, will improve your resume, especially for an IT career switch. These all are necessary talents for businesses to succeed in the globalised era and for employees to differentiate themselves. Individuals can shift to fast-evolving sectors like:

  • IT/ITES 
  • BFSI 
  • E-commerce
  • Healthcare
  • Fintech
  • Management
  • Marketing

A professional shift can provide you with a fresh start, whether you’re seeking something entirely different or realising long-held goals. Your contentment at work and productivity may increase if you take on a new responsibility. Even if you might be concerned about how to find work in the new normal, knowing your abilities and the various uses for them will be quite beneficial. Additionally, a fantastic strategy to begin your career shift is to grasp the skills and talents that companies of tomorrow will be looking for. It can be tricky to keep up to date with all the latest technologies coming into the workplace. Taking up online courses related to emerging technologies can help to push your career into exciting new directions. 

Know what are the in-demand job roles

Keeping up with all the new technologies entering the industry can be challenging. You can put yourself ahead of the competition and advance your career in fascinating new areas by enrolling in one of the below-mentioned programmes on emerging technologies.

Data scientist

Data scientists are among the most sought-after professionals as businesses transition to digital operations and generate massive amounts of data. This personnel with programming, data visualisation, and machine learning skills are in high demand by businesses who want to make data-driven business choices. 

AI specialist

The ultimate focus of an artificial intelligence specialist is to create AI models utilising deep learning and machine learning principles to derive actionable insights. To become an AI expert, you require an in-depth understanding of programming, maths, machine learning techniques, natural language processing, etc. In India, there is a vast imbalance between the supply and demand of artificial intelligence specialists. However, a shortage of knowledgeable AI specialists has forced businesses to compete for the best personnel. Thus, there is no doubt that all the top businesses are making rich offers to AI professionals, in addition to various perks. 

Full stack developer

The creation and upkeep of the entire web are the responsibilities of full-stack developers. Their ability to manage both the front-end and back-end functionalities of any application contributes significantly to their prominence in the tech department of any company. Startup businesses are increasingly hiring full-stack developers as they seek experts who can handle product applications from beginning to end. You can anticipate high-paying proposals from startups and leading MNCs if you prefer coding and have an excellent understanding of Java, CSS, Python, and other coding languages.

Data analysts

Data analysts earn high compensation and excellent benefits, even at the entry-level, due to the great demand for their services and the lack of competent applicants. Data analysts are necessary for any business that uses data to analyse it. Leveraging data to make investment choices, target clients, evaluate risks, or determine capital allocations are just a few top data analysis jobs. When working with core database infrastructures, you can expand your technical knowledge in related fields, like creating and developing data infrastructure. 

Digital marketer

There are numerous career options available in digital marketing, and it is developing quickly and into a promising sector with many new opportunities and possibilities. To assure the best revenue, digital marketing specialists plan and track their initiatives. The top ten most sought-after jobs, according to LinkedIn, include the position of “Digital Marketing Specialist,” which has 860,000 job opportunities and a shortfall of roughly 230,000 digital marketers. 

Machine learning engineer

The field of AI and ML is expected to grow dramatically. Experts in machine learning conduct statistical studies and create ML applications and algorithms that can be used for commercial requirements. To develop work-ready talents and become certified for the most excellent jobs in India, master the A to Z of machine learning. With their ability to create more personalised solutions for customers, AI and ML have revolutionised the world today. Professionals in machine learning assist brands in making more data-driven management solutions to minimise risk exposures. They have established themselves as significant assets to businesses, and demand for them is growing yearly. Your career can move into exciting new areas with the help of a machine learning certification or specialisation.

Financial manager

Financial managers are in charge of a company’s finances, such as its earnings and outlays. In addition to keeping track of the money coming in and going out of a corporation, they plan about wider financial choices to make the organisation financially successful. Financial managers must be excellent communicators, planners, and organisers because of the structure of their employment. To guarantee that the funds are used as effectively as possible, the person in charge must have a long-term perspective. Their activities directly impact the company’s profitability, expansion, and reputation. 

Market research analyst

A marketing research analyst develops and implements a company’s marketing plans to satisfy customer wants and increase revenue. They operate across all industry sectors, and the job opportunities are expanding quickly. To pursue a profession in marketing management, you must at least have a bachelor’s degree in business administration or marketing management. Marketing managers create cutting-edge goods and solutions to satisfy business goals and the customer wants, making it among the highest paying occupations in India. 

Steps to a successful career change

Even though there may be many hassles and complexities related to seeking a new job or switching careers, if you have decided to do so, start with some fundamental steps like making a list of possible jobs and careers. Your list can contain details on fresh businesses, opportunities, or professional options. Investigate the position’s needs, the candidate’s requisite skills, the value of your expertise to the position, etc. Consider these guidelines for determining your interests, looking into possibilities, examining potential career routes, and changing careers. 

The following pointers will give you a clear vision of the answer to the question “How to switch careers?”

Review your level of job contentment

Keep a record of how you feel about your job every day, and search for repeating patterns. Consider the characteristics of your present employer that you enjoy and dislike. Also, note if you are dissatisfied with the firm you deal with, the corporate culture, or the subject matter of your employment. When you’re doing so, you can do a few things at work to help you get ready to go when it’s time for a shift.

Self-assessment

An honest evaluation of oneself is a great way to proceed. When you change careers, you may face a variety of challenging problems, including having to answer probing inquiries about your prior work record and achievements. It will suit you best if you consider things before a recruiting manager asks you about them. 

Here are some inquiries you may want to make of yourself:

  • What are your professional goals?
  • What compromise are you willing to make to get there?
  • What are your strengths and weaknesses?
  • Evaluate your talents, values, and interests.
  • Examine past positions, projects, and professions to determine chosen pursuits and abilities. 

Evaluate alternative employment options

By investigating career opportunities, talking to colleagues, family, and social contacts about your fundamental beliefs and talents, and researching career options, you can come up with alternative employment options for yourself. You can consider consulting a career counsellor to seek guidance if you are struggling to come up with ideas. To find a few areas that need in-depth study, perform a preliminary comparative analysis of various disciplines. By just googling the jobs you are interested in, you can obtain a plethora of information online.

  • Choose an industry

You have the option of changing careers within the same industry or moving to a different one entirely. Since you probably already have expertise and experience in the field, switching careers inside the industry is frequently simpler.

  • Research the job market

You may get a sense of the jobs that are most and least in demand by researching the job market. 

  • Consider your aptitudes and experience

Consider your skillset, employment history, volunteer work, internships, and other relevant experience to ensure a smooth career transition. From there, determine which professions you could quickly transition to with your current knowledge, expertise, and enthusiasm.

Networking 

 Learn as much as you can regarding those industries, then get in touch with people you know who work there for informational inquiries. Your college’s alumni career network can be a valuable resource for information. Find people you know who are employed in the field or position you want to shift in. Tell them directly that you want to change careers, and be daring in your plea for support. Inquire with them if there is an availability of jobs in your preferred domain. Keep in touch with these people frequently if you are considering a career transition because they’re frequently among the best knowledge sources. Another excellent tool for locating contacts in particular job fields of interest is LinkedIn and other job hunting sites.

Set up a job shadow

Spend anything between a few hours and a few days working alongside individuals whose jobs interest you. Finding alumni volunteers who are ready to host job shadowers might be done by visiting your college’s career centre. Also, find volunteering and paid work in your target profession to gauge your interest. For example, if publishing is your dream job, attempt editing the PTA bulletin.

Upskill yourself 

Look into educational options that would connect your experience to a future field. Enrol in an online course to upskill yourself with relevant skills. Attend one-day or weekend seminars for a while. Get advice from professional organisations in your sector by contacting them. Find ways to advance your career by learning new skills at work. For example, if you are thinking “How to switch careers in IT”, you need to upskill yourself in the latest technologies like AI, ML, Cloud Computing, cyber security, and many others, depending on your chosen area. Enrol in as many classes as possible if your employer offers in-house training. 

Consider employment in your current industry

Think of alternate positions in your current field that would make use of your existing industry experience, such as if you’re a store manager for a big retail chain and you are sick of working nights and weekends, think about switching to a corporate recruiting role in the retail sector. 

Build a strong resume for a career change

Writing a strong resume for switching careers is the next and one of the most crucial tasks in achieving a successful career shift. If preparing an outline for a resume for a professional transition is confusing to you, the following pointers can assist you in preparing a CV that will land you a job even if you lack the necessary work experience.

  • Select the appropriate resume format.
  • Create a resume objective or summary.
  • Add a section listing your expertise.
  • Emphasise transferable skills in your professional experience section.
  • Include a cover letter for a job change.

Take online courses to upskill

E-learning is a revolution in the education industry that anyone can use to advance their career, regardless of the field they work in. The way processes are carried out in today’s corporate environment is continually evolving, necessitating a growing variety of talents. It implies that a talent gap could appear out of nowhere. For example, you feel pretty confident about your abilities and are skilled in several software programmes. Then you discover that several job listings need mastery of a program you are unfamiliar with. To deal with this, simply find an online programme on the topic you need to be familiar with and sign up to complete the course to become eligible to apply for your preferred post.

Why accept if you are unsatisfied in your current position or if you truly want to be doing anything else? The best part is that shifting careers nowadays does not always require putting your career on pause. Numerous online courses are available that might ease your shift from one career to another. 

Online education is extremely popular, and one out of every five students studies “off campus,” and online students typically report better overall satisfaction. Learning new skills and changing occupations have never been simpler. For instance, you can opt for an online MBA to switch careers in the field of management.

Let’s explore a few advantages of pursuing online courses:

  • Your present schedule can be adjusted for online classes. If you’re considering changing careers while you are still employed, you can start the transition immediately.
  • Employers frequently seek candidates with both technical and soft skills, most of which can be acquired by enrolling in an online programme.
  • A solid and comprehensive perspective of your potential professional option can be obtained by completing the course.
  • You can learn how to improve and adapt the talents you already have from past jobs in addition to picking up new ones.
  • By taking an online course, you can find that you stand out in interviews since they demonstrate your motivation, self-discipline, curiosity, and want to learn.
  • Additionally, online courses tend to be more “future-focused.” The abilities you acquire via online learning are more from modern ideas and business practices. Based on suggestions from the industry, online curricula are always altered and improved.
  • You might seek an online course covering subjects such as resume preparation, cover letters, and interview manners to ensure you professionally approach your career shift.
  • The completion of many online courses includes assistance with finding employment and other placement facilities. 

Taking a course can be helpful if you think that you are missing certain fundamental abilities or need a boost to meet your objectives. If you’re considering changing careers or starting the pursuit of your ideal career, have a look at the list of the most in-demand occupations. Thus, an online course is a terrific place to start, whether studying something entirely new or checking up on your current knowledge.

Not sure if an online degree is worth it, check this article.

Make your transition to a new career hassle-free with Online Manipal

Future success is heavily influenced by your decision regarding your educational career. Manipal University Jaipur offers online education courses through their platform Online Manipal that can help advance your career and equip you to handle any future work-related issues. The value of UGC-entitled online courses is comparable to that of traditional Indian courses or the on-campus degrees. Manipal University Jaipur also provides placement assistance to its graduates completing online courses. The placement cell works with leading organisations to identify suitable placement opportunities for students and help them land their dream jobs.

Also read: How worthwhile is Online Manipal for online education?

The diversity of online courses at Online Manipal has aided in providing learners with high-quality education and efficient training. As a result, it helps the students’ careers in their chosen industries. Check Online Manipal to enrol in several rewarding online courses if you are looking for a boost in your career. The online courses are a great option for working professionals to upskill without risking their current employment, MUJ offers top-class online programmes in various specialities. The online BCA, BBA, B.Com, MCA, MBA, and M.Com degree programmes offered here have received accreditation from organisations like UGC, AICTE, and IQAS, to name a few. These online courses provide more flexibility, better time management alternatives, and more affordable learning methods. 

Besides MUJ, the Manipal Academy of Higher Education (MAHE) offers online MBA, M.Sc and PGCP programmes for working professionals specifically. These programmes include MBA in Finance, Marketing, Healthcare Management, HRM, etc., M.Sc in Data Science, Business Analytics, and PGCP in Business analytics, supply chain, and cloud computing. 

Conclusion

The future for professionals looking for a career transition looks promising and all you need to do is acquire the knowledge and skills in the new domain you’re looking to thrive in. Learners can advance in their careers and move into higher job positions with growing opportunities by enrolling in the appropriate online courses and learning new skills.

So, don’t worry if you’re a computer programmer who wants to transition to UX design, an accountant who wants to work in advertising, or want a career switch from civil engineering or banking or big data. Everything is possible with the correct guidance and willingness to achieve your goals. Enrolling in an online course is helpful at any point in time, whether you are a novice or a seasoned professional. The curriculum for the online programs these days is created with innovation in mind and is the result of extensive study by subject matter experts and industry practitioners. You can register for online courses from a reputed platform such as Online Manipal to distinguish yourself in your chosen field.

Important concepts to learn during an MBA in Operations Management

Whether you are an aspiring student who wants to upskill or a working professional looking to explore new domains or job roles, a Master of Business Administration (MBA) is the most in-demand course you can consider doing. With the recent unprecedented outbreaks and the upgradation in high-speed internet technologies, most candidates are upskilling themselves by enrolling in online degrees like MBA and various popular master’s degree programmes. Online degrees will help you graduate in your desired career path from the comfort of your home 

MBA being the most sought-after online degree, comes with various specialisations. You can choose your desired major in MBA according to your interest in a specific field and relevant skills. Some popular MBA specialisations include finance, marketing, HRM, BFSI, Operations Management, etc. If you are interested in managing logistics, product development, supply chain management, customer relationship management, and other allied areas, an MBA Operations Management course will be perfect for you. This course is designed comprehensively and includes an extensive syllabus covering a wide range of subjects and important concepts. The Operations Management course not only gives you access to a variety of job roles but also the most required skills that make you stand out from others.

If you are wondering about the salary packages for an Operations Management graduate, it’s about time to take a look at the prospects. With the recent boost in the e-commerce industry and blockchain usage by top industry leaders like Amazon, the scope for Operations Management graduates is also relatively increasing. To grab the highest positions in the top MNCs and organisations, you must make sure to fit the job role and possess the required skills. Considering the changing trends and fast-growing e-commerce companies, it can be observed that there will be no near shortage in demand for Operations Management graduates and experts. 

The best part of an MBA in operations management is that it will open doors to employment options various industries. You will not be limited to a single sector and can choose from multiple options according to your interests. From pharma, automobiles, construction, e-commerce, aviation, and many more industries, you can switch job roles among industries based on your convenience. Public sectors as well as private sectors are also welcoming Operations Management graduates to manage their businesses and achieve business objectives with increased efficiency. 

Subjects covered in MBA Operations Management

The standard MBA in Operations Management is a 2-year course that imparts industry-ready knowledge and skills to the students. You must know the MBA Operations Management syllabus to score top grades and become a highly coveted Operations Management professional. With a brief idea about the overall course content and the subjects involved, you can hone your knowledge and skill set for the best career. However, it should be noted that the MBA Operations Management syllabus might vary across universities. You can also get hands-on experience on real-world problems and various webinars and interact with the industry leaders & professors throughout the course duration. There will be specific elective subjects from which you can pick the desired ones per your selected major. Here’s a look at the standard syllabus of Operations Management. Note that this can vary for each college or university. 

MBA Operations Management syllabus:

The syllabus is divided semester-wise, and candidates get in-depth specialisation knowledge with the progress in each semester. 

Semester – 1 Semester – 2 
Communication Skills Development Business Communication 
Business Skills Development Project Management 
Demand And Business Forecasting Production Management 
Organisation Management Business Policy and Strategic Management 
Accounting For Managers Business Process Modelling 
Managerial Economics Enterprise Resource Planning 
Corporate Environment Production, Planning and Control 
Quantitative Techniques and Methods Corporate Legal Environment 
Semester – 3 Semester – 4 
It (Information Technology) Seminar 
Finance Finance 
Marketing Sales 
Material Management Operation Management 
Logistics and Supply Chain Management (SCM) Information Management 
Operations Management International Business Management 
Project – 1 Project – 2 
Specialisation – HRM Specialisation – HRM 

MBA Operations Management subjects:

Students should focus on the essential MBA Operations Management subjects and electives. You can pick these elective subjects based on your field of interest. Besides these subjects, candidates must also equally focus on projects, workshops, tests, seminars, doubt sessions with experienced faculty, etc. Here’s a look into core subjects or topics along with the electives available. 

Core subjectsElectives
Corporate Legal Environment Enterprise Resource Planning (ERP) 
Corporate Environment Supply Chain Management (SCM) and Logistics 
Accounting For Managers HR Planning and Development Management 
Managerial Economics Retail Marketing Management 
Production Management Sales Management 
Project Management Sales and Distribution Management 
Business Skills Development Operations Management and Strategy 
Organisation Management Industrial Marketing 
Business Communication Consumer Behaviour 
Quantitative Techniques and Methods International Marketing Advertising 
Demand Forecasting Organisational Change and Development 
Business Forecasting HRM 

Learn how Supply Chain Management and Operations Management go hand in hand

Key Operations Management topics you must familiarise with

Here are some must-learn Operations Management topics that will help you understand this specialisation’s essence. Excellent knowledge of these concepts will aid in transforming any candidate into a top student and the desired employee by top recruiters. Students should also pay attention to acquiring the practical skills considering that theoretical knowledge alone is insufficient to thrive in this competitive market. Below are the top eight key concepts in MBA Operations Management that one must familiarise with throughout this course. 

  • Production, planning, and control

Also known as PPC, this is the predetermined process or technique used to plan every single step to be taken in the long-term production process. The main objective of PPC is to help the business make the right decision at the right time and place to achieve optimal or maximum efficiency. PPC is crucial to various business concerns as it enables the production units to manufacture within the planned schedule resulting in timely delivery of products to potential customers. 

There are multiple benefits of PPC, such as minimum wastage, high-quality products at minimum costs, optimal resource utilisation, increased labour productivity, and more. The outcomes of PPC include better CRM, improved customer satisfaction, decreased potential bottlenecks, reduced turnaround or lead time, optimum inventory, etc. 

  • Behavioural operations management 

BOM or Behavioural operations deals with the decision-making processes in which human emotions and behaviours are considered to thoroughly study the effect of these on complex decisions. This is one of the major subfields in Operations Management which is further subdivided into various key topics that enable the candidates to become better managers with a clear understanding of the decision-making process. Behavioural operations apply behavioural economics knowledge to manage business operations. Behavioural economics is the field of study in which economics and psychology are combined to study the information processed by people in roles such as managers, employees, consumers, etc., and decision outcomes. 

BOM aids in solving the operational bottlenecks by keeping them as low as possible. The main goal of BOM is to understand the deviation of people’s decisions from the optimal choices and the consequences of such deviations in business management and markets. BOM also influences supply chain management (SCM) as these subfields go hand in hand. 

  • Inventory management 

As the current assets for most manufacturing entities include inventory, it is important that businesses implement effective inventory management techniques. Inventory management is a vital part of SCM, which is responsible for the smooth functioning of logistics and the supply chain. Many small and medium businesses fail to promptly implement inventory management techniques, which leads to mishaps like inventory shortages, spoilages, and overstock. Various online inventory management softwares aim to assist businesses in the best possible ways.  

Inventory management controls inventory stock levels to minimise the relevant costs like ordering and carrying costs. The advantages of this management technique include minimal costs, smooth cash flow, improved profitability, and longevity. This helps the businesses to track the inventory stock levels and movement. The main types of inventories include raw material, work-in-progress (WIP), finished goods and loose tools or MRO (maintenance, repair and operations). Some of the famous and most implemented inventory management techniques include

  • Just-In-Time 
  • ABC Analysis
  • Economic Order Quantity (EOQ) 
  • Minimum Order Quantity (MOQ) 
  • Reorder Quantity
  • Safety Stock 
  • FIFO And LIFO 
  • Perpetual Inventory Management 
  • Consignment 
  • Dropshipping 
  • Six Sigma
  • Lean Manufacturing 
  • Cross-Docking 
  • Demand Forecasting 
  • Batch Tracking 

The main reason behind the increased importance of inventory management is to enhance overall business performance, customer satisfaction and profitability. The optimal inventory management technique differs for each business so businesses need to implement effective inventory management techniques to minimise errors and improve seamless logistics. 

  • Quality management 

Directed toward the achievement of common goals, quality management or total quality management (TQM) is the business management strategy that is customer-oriented. It is a process of supervising and overseeing the business activities to be fulfilled to maintain the desired quality. It requires the management’s commitment and all potential shareholders to work as a team to improve the products, processes, services, values and culture of the company as a whole. 

There are four main components in TQM: quality planning, quality control, quality assurance, and quality improvement. With a better TQM, the businesses will be able to provide best-in-class products and services that can satisfy customer needs, resulting in improved customer satisfaction. The above four stages are executed simultaneously to deliver the company excellence and trust to the customers. 

  • Assemble-to-order strategy

Similar to the make-to-order strategy, assemble-to-order is a business manufacturing strategy in which sub-assembled parts or components are brought together and assembled to arrive at a final product delivered to the customer. In the make-to-order strategy, the final product is made from scratch, not from sub-assemblies. The customer can order fully customisable products in a make-to-order strategy, and the product is made according to the customer’s specific requirements. However, the assemble-to-order strategy also includes customisation of the product according to customer needs, but less when compared to the make-to-order strategy. 

This strategy is implemented by companies that can assemble and deliver products in a minimal or quick time. The business entities use demand forecasting techniques, such as data analytics, market conditions, economic trends, past historical data, etc., to make the sub-assemblies and a final product. It can be observed that the assemble-to-order strategy is much faster than the make-to-order strategy. With this strategy, businesses can reduce the inventory holding or storing costs and warehouse space. The vital benefits of this strategy include reduced TAT, faster delivery, low business costs, etc. 

  • Six sigma

The six sigma process considers the data analysis and statistics to interpret and prevent product errors. It reduces the defects to a minimum acceptable level while at the same time improving cycle times. Six sigma shows its true results when implemented properly. The data-driven management tools and techniques increase business efficiency while decreasing product defects. The key principles of six sigma include customer focus, discovering the underlying root problems, fully eliminating the bottlenecks and related junk, implementing the structured business processes, and a responsive ecosystem involving seamless adoption of business changes. 

Six sigma aids in achieving a better CRM with the help of the DMAIC methodology. With this DMAIC or DMADV data-driven method, the company improves existing products and services by re-designing various product manufacturing processes or service delivery. The business transformation starts with the DMAIC method, an acronym for the five transformation phases: D – Define, M – Measure, A – Analyse, I – Improve, and C – Control. The popular six sigma techniques include the Kaizen principles, benchmarking, poka-yoke (mistake proofing), and value stream mapping, among others. 

  • Business process reengineering (BPR)

BPR is the multi-dimensional approach to improving business performance by eliminating the redundant or unwanted steps in the business processes that are of no use and do not add any value to the customer. It is a continuous improvement process that enables businesses to reduce TAT and cycle times. In simple words, BPR is deconstructing business processes entirely and radically redesigning them. 

BPR can be considered an unusual business improvement strategy that redesigns the critical business processes, which involves verifying and rethinking the basic process. Here the workflows both within and between the organisation are analysed thoroughly by considering minute details like why work is done, where and when it is done and who does it. It also involves redesigning processes between external parties like service providers, distributors, creditors, suppliers, etc. 

It is a 5-step redesigning process which includes:: 

  • Determining the required objectives that provide focus, direction, and motivation for redesigning.
  • Identifying customers and their needs to provide great value addition to them. 
  • Comprehending the existing business processes for clearly redesigning the new ones.
  • Designing and formulating the business re-engineering process plan. 
  • Implementing and reviewing the redesigned process. 

The main crux of the above-mentioned BPR steps is the designing and formulating BPR plan. With the sudden outbreak of unprecedented situations and emerging technologies, it is important that businesses consider BPR to adapt to the fast-changing market conditions for thriving and surviving in the cutthroat business competition. 

  • Agile Manufacturing

Agile manufacturing is the production method that focuses on providing a rapid response rate to customers as a business core competency. With this key competitive advantage, business establishments improve efficiency and decrease costs while being able to react to the fast-changing market conditions.  Any company with this core competency is sure to fulfil the ever-changing customer demands and take every possible opportunity. 

The key agile manufacturing elements include modular product design, IT, corporate collaborations, and knowledge culture. The popular lean manufacturing methodology also relates to the agile method. While the lean method minimises wastage with the same high quality and productivity, the agile method primarily focuses on satisfying customer demand in the minimum TAT possible. 

Explore the various opportunities in Operations Management – a booming sector

The ever-changing customer needs, fast-changing market conditions and technologies have increased the demand for MBA Operations Management graduates in various sectors. Various companies, irrespective of their industry, size and location, realise the importance of efficient Operations Management in this competitive business world. The aspirants should possess the in-depth knowledge and skill set to land high positions in the top companies. Most companies need Operations Management professionals indicating the rising demand for the MBA Operations Management specialisation. MBA Operations Management graduates and professionals are welcomed to a variety of diverse sectors such as: 

  • E-Commerce 
  • Manufacturing and Retail
  • Hospitality 
  • Information Technology
  • Consulting Firms 
  • Construction 
  • Pharmaceutical 
  • Warehousing 

MBA Operations Management is getting the recognition it deserves in recent years with the considerable mayhem that happened due to the lack of adequate planning and management. A career in MBA Operations Management gives you the key to entering diverse industries and job roles. An MBA Operations Management graduate is provided with various job roles such as:

  • Operations Manager 
  • Plant Manager 
  • Area Operations Manager 
  • General Operations Manager 
  • Manufacturing Consulting Manager 
  • Process Reengineering Manager 
  • Supply Chain Manager
  • Logistics Manager 
  • Consultant 
  • Business Analyst 
  • Chief Operating Officer 
  • Production Supervisor 
  • Quality Manager 

These are some of the job roles you can get across diverse industries. The career for MBA operations management graduates looks positive and is an excellent option for the candidates with exceptional planning and organisational skills. Get ready to enter the globally booming sector of Operations Management as jobs in this industry are expected to increase by 9.4% by 2030, according to a report by U.S. News. The top careers in MBA Operations Management include – business operations management, materials management, operations research, and purchasing management. 

According to PayScale, the average MBA Operations Management salary comes to around INR 9.4 lakhs and it varies with experience. You can land a top position in popular companies like Amazon, IBM, GE, Ford, JP Morgan Chase, The Boeing Company, Tech Mahindra, Wipro, Caterpillar, Blue Dart, DTDC, Maruti Suzuki, and more. 

Get to know the qualifications and skills you need to become a Operations Manager

How does an MBA in Operations Management make you future-ready?

An MBA in Operations Management allows you to enter your desired job role in a particular sector. The MBA in Operations Management is all you need to advance your career and secure a handsome salary package, drastically improving your earning potential. 

Following the completion of the Operations Management course, you will acquire knowledge and skills required for the most sought-after job titles. You can improve your strategic thinking and decision-making process, transforming you into becoming the best manager or analyst in this space. 

The theoretical knowledge combined with the skill set increases your job opportunities. The MBA in Operations Management imparts the crucial skills required, such as strategic planning, ability to develop new and innovative products, problem-solving and communication skills, organisational skills, analysis of potential risks, etc. However, you can enhance and sharpen your skills over time and according to experience. 

Climb up the corporate ladder with an MBA from Online Manipal

An MBA in operations management prepares you to get into management and other leadership roles in the domain. Whether you’re a student looking to pursue post graduation in operations management or a mid-career professional looking to climb up the corporate ladder, an online MBA will surely help your cause. Online Manipal offers a variety of specialisations in MBA including operations management. Once you enrol for a degree programme from Online Manipal, you get access to the extensive e-learning content including Coursera courses, webinars from industry experts, certification programmes, live and recorded classes, and more. Manipal University Jaipur’s enhanced digital platform offers a comprehensive and immersive learning experience for learners.

Online courses allow you to study on the go at your desired speed from anywhere and anytime. Now get an MBA in Operations Management or any other specialisation and achieve new heights in your career.. 

Get your course completion certificate from the renowned Manipal University Jaipur and increase your chances of being shortlisted by some of the popular companies. 

Conclusion

Take the leap and pursue the desired course to kick-start your career. Grab high-paying job  opportunities at the right time by pursuing the most in-demand online courses at MUJ. The MBA in Operations Management is the right course for candidates interested in managing, planning and reviewing business processes and manufacturing innovative products at minimal costs. 

Besides operations management, you can also explore a variety of courses in various topics like Management, Commerce, IT, Supply Chain, Data Science, Business Analytics, and more at Online Manipal, your one-stop online learning platform.

Important concepts to learn during an MBA in IT and Fintech

A Master of Business Administration (MBA) in Information Technology (IT) and Fintech is a postgraduate degree focusing on subjects relevant to Information Technology and Fintech. E.g., Financial Management, Digital Innovation and Transformation, Machine Learning in Financial Analysis, etc. The study of IT has been around for quite some time now, and financial technology (fintech) is a relatively new field that encompasses studying new technologies to improve financial operations. You can opt for an MBA in IT and Fintech from any of the recognised institutions that provide the option of taking this course online or on-campus.

The demand for innovative technologies and IT in the financial sector is growing faster than ever, and our systems need to be more efficient, secure and streamlined. Many employers prefer a candidate with an MBA in IT and Fintech for job roles like Business Intelligence analysts, Financial Analysts, Machine Learning Experts, etc. Read the article to learn what to study in an MBA Finance and IT and important MBA finance topics.

MBA in IT and Fintech subjects

  The common subjects in the MBA finance and IT course are:

  • Information security management: This subject teaches about the basic principles and concepts of information security and the various approaches to safeguard your digital assets and networks. It ensures the protection of the confidentiality, integrity and availability of financial assets that are accessed by digital means.
  • Financial management: It encompasses processes like planning, sorting, directing, and controlling the financial operations of an organisation. One of the essential financial management activities includes the collection and usage of funds efficiently. 
  • Web-based systems development: This subject aims to teach the students about the methods of designing and developing a web-based system. You will use the methods learned in this course to implement them in the financial sector.
  • Big data and machine learning: Big Data is a term that describes very large and difficult-to-manage data, and it could be structured or unstructured. On the other hand, Machine Learning deals with a component of Artificial Intelligence that enables computers to adapt, learn, and improve using the available past data.
  • FinTech: Fintech is short for Financial Technology and describes innovative technologies that aim to enhance and automate the usage and delivery of financial products and services. 
  • Corporate restructuring and Business valuation: Corporate Restructuring implies rearranging business operations and activities to increase profitability and efficiency. On the other hand, business valuation is the process of evaluating an organisation’s economic value or a unit.
  • Investment analysis and portfolio management: Investment analysis is the process of researching and assessing an industry or a stock to determine how it will perform and if it fits a certain investor. Portfolio Management is the process of building and assessing a set of investment products that aims to fit a particular investor’s long-term financial objectives and risk tolerance.
  • Banking and risk management: Many types of risk are associated with the banking industry. Some of the risks are credit risk, operational risk, liquidity risk, etc. This subject deals with the introduction to the types of threats and teaches about ways to mitigate them.
  • Financial modelling: It is an important subject in the MBA in fintech syllabus. This subject deals with summarising an organisation’s expenses and revenue in a spreadsheet which can be further used to predict the impact of a future event.
  • Strategy management: This subject deals with the process of planning, overseeing, analysing, and assessing an organisation’s important activities that are essential to achieving its overall objectives.

Get to know the complete syllabus of MBA IT and Fintech course

Some salient IT and Fintech concepts you must acquaint yourself with

Some of the top MBA in IT and fintech concepts that you must learn during your MBA programme are as follows:

Database management systems

Database Management Systems (DBMS) encompass modern ways of managing data storage requirements. With the advent of technological innovation and the internet, the rate of data generation has increased rapidly, and the data storage requirements have evolved from gigabytes to exabytes. To give you a perspective about it, one exabyte is equivalent to one billion gigabytes.

a database is an organised collection of data stored and accessed electronically. A Database Management System is the software technology used to create and manage these databases. It is also used to organise (retrieve, input, alter, delete, etc.) the data in a database. A few common examples of Database Management Systems are SQL Server, MySQL, Oracle, etc. A DBMS has the following major components:

  • Hardware: It is the computer system used to access the database. The hardware can range from mainframes to microcomputers.
  • Software: The software helps to set up a link between the database and the end users. 
  • Procedure: All the commands written on the DBMS software can be considered procedures.
  • Data: Data is the set of information that is stored and managed by the DBMS.
  • The language used to access the database: As with all other computer software, you need a specialised language to interact with the DBMS, known as the Database Access language. Using the database access language, you can perform functions on datasets like retrieve, input, alter, delete, etc. 

Technology management

Technology Management is an umbrella term for interdisciplinary fields that enable organisations to manage their technology assets for competitive advantage. Organisations need to recognise the role of technology in all the individual departments and as an entire entity. Organisations should also invest in obtaining new technologies and upgrading existing technologies to improve them. Technology Management heavily depends on the organisation’s comprehension of technical and business skills. 

Some of the advantages of investing in technology and technology management are as follows:

  • Security and support: Technological advancements enable companies to automate the process of data storage and inventory storage. It will lower costs and boost productivity. It also helps them to secure their information with the use of encryption.
  • Globalisation: Communication technologies enable businesses to have a global outreach and establish the commerce of products and services worldwide. Technological advancement is one of the significant causes of globalisation.
  • Cloud computing: This technology enables many organisations to outsource a significant chunk of their activities to other parts of the world via the internet. Organisations that rely on cloud computing do not worry about crashes, downtime, or data storage. 
  • Targeting customers: Technological advancements create a significant shift in consumer trends. E.g. The advancement of the internet has opened doors to online marketplaces, which have the potential to make more profits than traditional marketplaces generally.

Cryptocurrency and blockchain

Cryptocurrency and Blockchain are two of the biggest buzzwords of this decade. Blockchain is a distributed ledger system which is open to everyone. Once the information is recorded in a block, it is challenging to modify it. In other words, a Blockchain can be perceived as a chain of blocks containing data. This technology was created mainly to timestamp digital documents to enhance their security. However, it was not used until 2009, when Satoshi Nakamoto created Cryptocurrency (known as Bitcoin) using blockchain technology. 

cryptocurrency is an immutable, globalised, unbreakable and decentralised form of the existing currency system. It is a virtual currency that uses cryptography to work with the creator limiting the supply of cryptocurrencies. Bitcoin was the first cryptocurrency, and since then, several other cryptocurrencies (known as altcoins or alternative coins) have been created. E.g., Ethereum, Solana, Avalanche, etc.

IT strategy and management

IT Strategy (also known as technology strategy or IT technology strategic plan) can be defined as an elaborated plan that discusses how innovative technologies can be used to meet an organisation’s global business and IT objectives. It encompasses all the aspects of technology management, such as cost management, hardware management, software management, human capital management, vendor management and risk management. Planning and implementing an IT strategy in the financial sector requires lots of skills and expertise in the field of IT and Finance, and you can do so by pursuing an online MBA in IT and Fintech. 

On the other hand, IT Management encompasses the process of monitoring and administering the IT systems of an organisation. The IT system includes the hardware, software and network systems, and IT Management emphasises how to make these IT systems more efficient. An essential part of the IT Management process is to plan and implement an IT strategy for the organisation. 

Some other crucial tasks of an IT manager are:

  • Ensuring that all the departments are receiving the sufficient technical support they need,
  • Safeguarding the data and other digital assets of the company,
  • Being up to date with the latest developments in the IT industry, etc

Enterprise resource planning

Enterprise Resource Planning (abbreviated ERP) is a multidisciplinary software solution that helps organisations to manage the various aspects of their business, such as customer relationship management (CRM), accounting, procurement, etc. It is a business management solution that aims to manage all aspects of a business operation via a centralised database and to enhance the efficiency of business operations via a user-friendly application interface. 

Some of the advantages of Enterprise resource planning software are as follows:

  • Single and centralised management of data: When you use enterprise resource planning software to operate your business, your data is managed within a single platform. It helps improve the consistency, accuracy, and security of your data.
  • Data-driven decision-making: Enterprise resource planning software can also be used to create insightful, real-time, and analytical reports about your company. These reports contain metrics that can help you make data-driven decisions at all levels in your company.
  • Regulatory compliance: Some industry-specific enterprise resource planning software has integrated compliance data which can be used to ensure that your operations and products are compliant with government regulations. 
  • Cost savings: As mentioned earlier, ERP is a multidisciplinary software that can help reduce the miscellaneous costs for business operations. In other words, you will not have to buy or subscribe to multiple tools. Some ERP tools offer profit and cost tracking features to monitor your budget.
  • Streamlined operations and productivity: ERP software helps make business operations easier and more efficient. It aims to reduce repetitive activities and manual data entry tasks. 

Banking and risk management 

Risk management is the process of identifying, assessing, monitoring, and mitigating the risks that could affect the global objectives of an organisation. It is also one of the essential MBA finance topics that helps to reduce risks in the banking domain.

Risk management in the banking sector can be defined as developing and implementing a plan to mitigate the risks associated with banking activities. It can be summed up with the following steps:

  • Identification and evaluation of potential hazards in the banking sector
  • Development and implementation of an action plan to mitigate these risks that could incur potential losses
  • Assessment of the risk management process to make it better for future threats

Some of the risks associated with banking activities are as follows:

  • Credit risk: It is the risk associated with a borrower who will not be able to pay back their loans or meet other obligations according to the pre-agreed terms.
  • Liquidity risk: It is the risk of the bank’s inability to fulfil its cash and collateral commitments without bearing enormous losses.
  • Market or systematic risk: It is the risk of incurring losses on investments due to certain factors such as increments in the interest rate, etc., that impact the banking sector’s overall performance. 
  • Operational risk: It is described as the risk of incurring losses on investments due to inefficient internal processes, systems and people. It could also be a result of external factors.

Financial markets and services

Financial markets is an umbrella term for any marketplace where people can trade financial products such as stocks, forex, bonds, derivatives, etc. It is an essential part of the MBA finance syllabus. Some common types of financial markets are as follows:

  • Stock market: It is the most common type of financial market. These are the markets where businesses can list their company shares. Investors and traders can buy or sell these stocks to make money.
  • Over the counter (OTC) market: A decentralised market where participants trade securities without a broker. 
  • Forex market: The market where traders can buy, sell, speculate, and hedge on the exchange rate of two different currencies. 
  • Money market: It helps trade products with a higher degree of safety and lower return on investment.
  • Cryptocurrency market: It is the marketplace where cryptocurrency tokens are traded. These marketplaces offer digital wallets to traders to facilitate the exchange of cryptocurrencies. 

Digital Innovation and transformation

Digital innovation is the implementation of modern digital technologies to resolve critical issues of an organisation. These technologies help the organisation to optimise business operations, improve customer experience, develop new business strategies, etc. Some great examples of digital innovation are Big data, Blockchain, Virtual Reality (VR), Augmented Reality (AR), the Internet of Things (IoT), Artificial Intelligence (AI), etc. Some examples of typical applications of these technologies are as follows:

  • People use a mobile application that works on AR to measure distances between two points in the 3D space.
  • Medical organisations trying to use AI to diagnose patients’ illnesses better.
  • You can use a smartwatch to monitor your health-related metrics like daily steps, heart rate, etc.

Digital transformation, on the other hand, can be defined as the application of digital technologies in all business areas of an organisation. It helps to transform your business operations on every level and aims to provide greater value to your customers. It can also act as a cultural change that encourages businesses to promote innovations in their products by continually challenging the status quo, experimenting with new things, and learning from their failures.

Business intelligence and its tools

Business Intelligence (abbreviated as BI) is an umbrella term that consists of technology-driven processes used to analyse an organisation’s business data and gain valuable insights that the organisation can use to make data-driven decisions about its business operations. Some of the most important benefits of implementing business intelligence in your organisation are as follows:

  • An improved decision-making process
  • Streamlined business operations
  • Enhanced operational efficiency
  • A new source of revenue
  • Competitive advantage over business competitors, etc

There are plenty of excellent business intelligence tools available online that you can opt for. The most commonly used tools are Microsoft Power BI, Tableau, etc. These tools can handle vast amounts of data and create insightful dashboards to visualise the data to help make data-driven decisions.

Organisations hire professional BI analysts and experts to work with their business data and the BI tool. An MBA in IT and Fintech can teach you about these concepts and help you better understand them to prepare you for a role in the Business Intelligence domain.

Advantages of doing an MBA in IT and Fintech

As explained in the above section, Fintech is a relatively new field that promotes implementing digital technologies in financial industries to modify and enhance the way traditional financial institutions function.

  • An MBA in IT and Fintech prepares the students to understand how innovative technologies like Artificial Intelligence, Internet of Things (IoT), Cloud Computing, Data Analytics, Data Science, Blockchain, etc. will help financial institutions to offer better and more efficient solutions to the customer, investors, and other stakeholders. 
  • As an MBA graduate in IT and Fintech, you will be able to understand the applications of Robo-advisory, insure-tech, algorithm trading and peer-to-peer lending in improving the efficiency of financial services.
  • The MBA Fintech syllabus will train the students to develop all the essential skills and behaviours to pursue a career in the Fintech industry. There are many career opportunities that you can pursue after finishing an MBA in IT and Fintech. We have listed some of the most attractive job profiles you can choose from after an MBA in IT and Fintech:
  • Blockchain and Cryptocurrencies Developer
  • Mobile Application Developer
  • Cybersecurity Analyst
  • Quantitative Analyst
  • Risk and Compliance Officer
  • Data Scientist
  • Financial Analyst or Advisor
  • Artificial Intelligence Engineer or Expert
  • Product Manager

Learn how Fintech is transforming the Finance industry

In the earlier sections, we learned about some of the common products and services resulting from the developments in the Fintech industry. E.g., Digital Payments, Mobile-only (virtual) banks, Cryptocurrencies, etc. Statistically, it is estimated that two-thirds of the world’s adult population can manage to pay or receive a digital payment, with the share in developing economies growing from 35% in 2014 to 57% in 2021. The highest growth was witnessed in developing countries, with percentages of people using digital payment methods rising from 35 percent in 2014 to about 57 percent in 2021. It is just one example of the innovations driven by Fintech. Fintech is continuously transforming the Finance and Banking industry.

Now let us discuss how it is transforming the future of the finance and banking industry:

  • Greater customer satisfaction: Most digital innovations in the finance industry align with customers’ expectations to provide customer satisfaction. E.g. Digital Banking offers a seamless experience to the customers. These modern technologies fulfil customer expectations by replacing outdated solutions with innovative digital ones.
  • Enhanced compliance and security: Financial technologies can help banks and other financial institutions to navigate through rules, regulations and policies while safeguarding the assets and interests of all the stakeholders. For example, AI and machine learning help financial institutions detect anomalies and resolve them faster to ensure that cybersecurity is not compromised.
  • More convenient: The fintech industry has streamlined the processes and activities in the financial and banking sector. Spending time on the tasks associated with investments, insurance, banking, etc., has become significantly easier to complete. The customers can perform a high level of analysis of existing data before making a new investment or trade. It is all because of the strides in the Fintech Industry.
  • Possibility of decentralisation: The implementation of blockchain technology in the finance sector has given rise to the case of decentralised finance (abbreviated as DeFi). It is a system where an investor or trader, or consumer can interact with financial products and services on a decentralised blockchain network. It will remove the involvement of mediators like banks, broker-houses, and other financial institutions. 

Also read the guide to get a job in the finance sector

Step up your game with an online MBA in IT and Fintech from Online Manipal 

Online Manipal, the online platform by Manipal University Jaipur, offers an online Master of Business Administration degree with IT and Fintech as an elective. Manipal University Jaipur is a NAAC A+ accredited institution and offers UGC recognised courses. MBA in IT and Fintech from Online Manipal is a 2-year programme. The annual fee of this post-graduate course is INR 1,50,000, and you have the option to complete the payments in semester-wise instalments of INR 37,500. You can also choose other MBA electives, such as Human Resources Management (HRM), Marketing, Operations Management, Analytics and Data Science etc., as per your choice and interest.

After completing the MBA degree in IT and Finance, you will receive a course completion degree from Online Manipal that is rated highly by government institutions, private corporations, and startups. The institution offers placement assistance in the form of workshops to improve your CV, cover letter writing skills, and interview tips to land a lucrative job position. It also provides free access to Coursera so that students can learn and acquire all the necessary skills to succeed in their careers.

Conclusion

The demand for skilled professionals with a Master of Business Administration (MBA) in IT and Fintech has grown immensely in recent years. We see digital innovation in the field of finance in the form of cryptocurrencies, mobile payments, online banking, etc. You can learn the skills to pursue a career in Fintech by completing an online MBA from Online Manipal. You will learn about subjects belonging to both IT and Financial Technology, such as Information Security Management, Investment Analysis and Portfolio Management, Web-based systems development, Financial Management, etc.

What are the career options after completing a BCA? 

Bachelor of  computer applications (BCA) is among the highly popular graduation programmes that students opt for after they finish school. However, most candidates who have completed BCA are unaware of the career opportunities they have. The rapidly evolving technology and its impact on businesses has increased the demand for technically sound professionals. By acquiring the right knowledge and technical skills during your BCA degree opens up a vast range of employment opportunities. 

In this article, we’ll discuss the diverse career opportunities that a BCA graduate has and the various sectors they can work in. Students can pursue a BCA degree in offline or online mode depending on their requirement and convenience.

The various job roles a BCA graduate can land

Digital Marketer

This is one of the popular career choices after finishing your BCA course. As many businesses have started to shift online, the importance of digital marketing has increased more than ever. Digital marketers are professionals who promote a company’s products and services to expand the customer base and generate more sales.

BCA graduates can easily enter this lucrative field and establish a thriving career. There are several job profiles available in the digital marketing field such as content manager, SEO analyst, digital marketing manager, social media expert, UI/UX designer, and more. Whether it’s a startup business or a well established firm, every company needs digital marketers to promote their products or services and increase their brand value.

The average salary of a digital marketing executive ranges from INR 2 LPA and INR 6 LPA depending on the experience Whereas the average salary of a digital marketing analyst ranges from INR 3.6 LPA and INR 9.4 LPA. A digital marketing manager salary is an average of INR 6.2 LPA, which goes up to 18 LPA with experience. (Source).

Web developer

A web developer’s job is to create visually appealing and easy to navigate websites and ensure that the website is performing well. The various types of web developers include front-end, back-end, full-stack developers. The following the responsibilities of a web developer:

  • Design websites, user interfaces, and navigation menus
  • Write and review code for sites, typically HTML, XML, or JavaScript
  • Collaborate with designers and stakeholders
  • Integrate multimedia content onto a site
  • Test web applications
  • Troubleshoot problems

A Web Developer’s salary in India ranges between ₹ 1.2 Lakhs to ₹ 7.6 Lakhs. (Source)

Read: how you can get a job in Infosys after a BCA

Cybersecurity professional

Online BCA courses from a reputed university can equip the candidates with the necessary cybersecurity knowledge. Thus, becoming a cybersecurity expert is another good career option after BCA.

From large-scale multinational organisations to government establishments, everyone requires the services of skilled cybersecurity professionals. The demand for such experts is on a constant rise. There are many hackers out there who are continually preying on the weak points of organisations. Also since an increasing number of companies are shifting their transactions and resources online, the need for cybersecurity professionals has also surged.

To enter this field, you must learn a few critical skills such as application security, data secrecy, network security, and cryptography. A Cyber Security Consultant’s salary in India ranges between ₹ 4.2 Lakhs to ₹ 24.1 Lakhs (Source)

Some important BCA project topics that will help boost your resume

Blockchain developer 

After your BCA consider entering the blockchain industry. Although it is relatively new in comparison to other fields, it has generated a demand for skilled tech professionals.

A blockchain developer is responsible for developing and optimising decentralised applications (dApps) and smart contracts based on blockchain technology, and understanding the architecture and protocols of the blockchain system.

Digital transactions are becoming increasingly common and this necessitates the requirement of efficient infrastructure. This is where the blockchain industry comes in and many reputed companies like IBM, Accenture, and others are looking for blockchain managers and developers to join their team.

To become a blockchain professional, you need to understand the term and its various tools. You must grasp some skills required for the profession, such as java, core backend development, smart contracts, solidity, and more. A Blockchain Developer’s salary in India ranges from ₹ 2.3 Lakhs to ₹ 20.3 Lakhs. (Source)

Product manager

A career in Product Management is another great choice for BCA graduates. Product management is the study of the various stages of product development along with its advertisement. Product managers are professionals who help companies in identifying, developing, and delivering products based on the needs of the consumers. 

In the past few years, the business market has become extremely competitive and fast-moving. In order to stand out, businesses are looking to launch newer software products. Consequently, they are on the constant lookout for expert product managers who can help them create and deploy new products quickly.

This is a highly lucrative field so if you have a liking for software and management, pursuing a Product Management course can be your best bet. A Product Manager’s salary in India ranges between ₹ 6.0 Lakhs to ₹ 35.0 Lakhs. (Source)

Also read How to get a job at Google after BCA?

Higher education opportunities after BCA

If you’re looking to get into managerial roles or highly paid job positions after your BCA, you can pursue an MCA or MBA course as it helps in upskilling you and prepares you for the leadership roles in the IT and other related sectors. 

Master of Computer Applications (MCA)

As far as higher studies after BCA is concerned, the most natural thing for candidates is to opt for MCA. It is a post-graduate level course in computer applications. The programme enables the students to delve deeper into the field and acquire knowledge of the various software technologies and development tools needed to succeed in the field.

After MCA, you can apply for various jobs related to software development in top-tier organisations. The most common job profiles include network engineer, system analyst, database administrator, software engineer, etc. 

Master of Business Administration (MBA)

This is another popular course that can be pursued by a BCA graduate looking to increase their earning potential or land in managerial and other leadership roles. There are various specialisations in MBA including Finance, marketing, IT & Fintech, analytics and data science, etc., and one can choose any specialisation that they think boosts their career. 

Certifications you can take up

A Cisco Certified Network Professional or CCNP is an IT certification by Cisco systems. It is great for network engineers and administrators and network operations specialists. These certifications can add increased value to your resume and help you land lucrative jobs.

You can check out 10 reasons you should enrol for an online BCA degree course

Online Manipal is your first choice for top-grade online degree programmes

Online courses have gained tremendous popularity in recent years and many esteemed universities and learning platforms have started providing online degrees and certifications that help individuals to complete their studies from the safety and comfort of their homes. Manipal University Jaipur (MUJ) provides online graduate and postgraduate degree programmes in various specialisations. The university is NAAC A+ accredited and all the courses offered are UGC entitled. 

Learn about  Online Manipal’s online degree courses

Online Manipal has state-of-the-art Learning management system (LMS) where learners can access a vast e-learning content, live and recorded classes, interact with expert faculty, attend webinars from renowned scholars and so on. Online Manipal’s degrees are widely accepted by many hiring companies and institutions providing higher education.

 

 

Job roles in MBA Operations Management

Operations management is the regulation of business practices and operations to maximise organisational efficiency. It forms the most important component and aspect of any business. The person in charge of the operations department is responsible for ensuring the quality and output of the product in the manufacturing facility and the regulation of the processes involved to maximise the organisation’s profit. Future prospects for graduates with an MBA in Operations Management are expanding with industry advancements, and new opportunities in the sector will keep increasing in the years to come.

The MBA in Operations Management programme aims to spread information about the working of an organisation and the development and administration of resource capabilities employed by a company to produce goods or services. MBA in operations management scope is very high because this programme prepares students to take on difficulties in supply chain management and logistics. Students who complete their MBA with a specialty in operations management have huge growth chances in the management and planning sectors of any corporation.

Operations management deals with a variety of duties connected to commercial concerns, including forecasting, product designing, supply chain processes, inventory, maintenance, and quality control. Individuals are usually hired for roles in resource management and operations handling. Another important reason behind the popularity of this career field is an MBA in Operations Management graduate’s handsome salary package. The average salary of an Operations Manager in India is around ₹ 7.5 LPA. 

Objectives and applications of Operations Management

Many top recruiting companies offer excellent opportunities to MBA candidates with the Operations Management specialisation. 

The major objectives of Operations Management are:

Customer service: The main goal of operations management is to use organisational resources to provide goods and services that meet customers’ expectations by delivering the “right thing at the appropriate price, place, and time.”

Resource Utilisation: Another important goal of operations management is to utilise the organisation’s resources as efficiently as possible to meet the standards and customer demands.

In operations management, various inputs, including the capital, labour, material, machinery, and information, are integrated and used to create output in the form of products and services. The organisation measures several process points and compares them to the established standards to determine whether corrective action is necessary.

Applications of operations management are:

Operations management is the decision-making and problem-solving method followed during the creation of goods and services. It involves all the processes while producing goods which entails planning, organising, coordinating, and controlling the resources required for the production of the goods and services of a company. Operations management has a wide range of applications..

Project allocation and distribution:

  • Allocating resources, such as people, materials, machinery, time, and money, to projects in the best way possible.
  • Selection and use of the appropriate personnel.
  • Project planning, oversight, and management.

Planning for production and facilities:

  • The choice of factory size and location.
  • Calculating the approximate number of facilities needed.
  • The creation of projections for the different inventory products and the calculation of reasonable order quantities and reorder points.
  • Scheduling and ordering production runs using the appropriate machine allocation.
  • Selecting a warehouse location.
  • Decisions about maintenance policy.

Career after MBA in Operations Management 

The operations of any firm or business depend on efficient operations management, including product quality and pricing. The knowledge of maximising resources, products, policies, design flows, establishing the supply chain, and logistics concerning the product will be taught to students studying in an MBA in Operations Management programme. Individuals with an MBA in Operations Management degree can easily apply their skills and experience to help organisations achieve their goals. 

There is an availability of various jobs in operations for freshers in the field. The subfields of operation management, including retail, hospitality, logistics, transportation, construction, financial institutions, information technology, management consulting, and others, are where individuals can develop their careers. Some of the common job roles offered to individuals with this specialisation are:

  • Supply Chain Manager
  • Logistics Manager
  • Inventory Control Manager
  • Project Manager
  • Operations Manager

People specialising in operations management in their MBA programme are more prepared to face issues in supply chain management, design, and logistics. Operations management deals with a variety of strategic concerns, such as deciding the size of industrial facilities, project management techniques, and putting information technology networks into place. Other operational concerns include work-in-process levels, raw material acquisition, quality control, material handling, maintenance procedures, and inventory management.

Here are the various job roles that you can land after an MBA in Operations Management 

Operations Executive

The Operations Executive is the office team member who directly controls operations and facility upkeep. Although the Operations Executive typically has direct access to senior management, they can report to numerous departments within the organisation, including the Facilities Executive, Chief Financial Officer, or Chief Operations Officer.

The following duties are part of the Operations Executive role:

  • Interacting with senior management to establish strategic, operational objectives.
  • Creating long-term strategic plans to accomplish strategic goals.
  • Creating and managing the budget for the organisation’s financial, operational and capital projects.
  • Monitoring the performance of internal and external service providers in terms of operations.
  • Monitoring the state of the facilities and performance of the environment, suggesting or approving funding amounts and spending schedules
  • Creating an environment at work that encourages productivity.
  • Keeping an eye on occupant contentment.
  • Keeping an eye on rehabilitation and construction projects.
  • Tracking performance indicators.
  • Obtaining clearances and notices and responding to them.

The average salary of an Operations Executive in India is ₹ 2.6 LPA.

Area Operation Manager

The Area Operation Manager controls and successfully manages labour, productivity, quality assurance, and safety standards as developed and set for the operations department. They manage overall operations processes. The Area Operation Manager represents the corporation in governmental matters. They are usually in charge of the areas of information management, business processes, improved management reporting, and system expansion, improved operational procedure, systems, and principles. They fulfil their supervisory duties in accordance with the company’s rules and relevant legislation.

Some of the duties and responsibilities of an Area Operation Manager are:

  • Interviewing, choosing, and hiring employees.
  • Training new and existing employees.
  • Planning, allocating, and directing workflow.
  • Authoring and discussing performance appraisals with employees to motivate and reward employees.
  • Addressing employee performance and corrective action plans.
  • Coordinating with the director to plan the company’s budget.

The average annual salary of an Area Operation Manager is ₹ 7.1 LPA.

Deputy Manager

A Deputy Manager is a senior executive who works in an organisation directly under the manager and supports the manager in carrying out their responsibilities. Deputy managers support the creation, development, and implementation of numerous firm initiatives and programmes. They collaborate with other divisions to guarantee efficient business operations. Additionally, they communicate with senior management before making important choices pertaining to numerous departments. Their precise role and responsibilities may change depending on their function and the organisation they work in. For instance, the duties of a Deputy Manager employed by a marketing firm will differ from those of a Deputy Manager employed by a bank. The salary package will also vary based on the organisation and work sector. The average salary of a Deputy Manager in India is ₹ 7.2 LPA.

Operations Manager

Operations Managers are in charge of all levels of an organisation’s operational activities and are also responsible for hiring, training, and overseeing quality control initiatives. An operations manager develops a process improvement strategy to guarantee that everyone completes their job on time. The average salary package of an Operations Manager is ₹ 7.5 LPA.

General Operations Manager

The General Operations Manager manages several departments or locations while planning, directing, or coordinating the activities of public or private sector organisations. The General Operations Manager creates policies, manages daily operations, and plans the use of materials and human resources. However, these duties and responsibilities are too varied and general to be categorised in any one functional area of management or administration, such as personnel, purchasing, or administrative services. The average annual remuneration of a General Operations Manager in India is ₹ 18.5 LPA.

Plant Manager

A manufacturing plant’s operations and processes are under the control of the Plant Manager. To consistently maintain good performance and production entails managing and coordinating everyday tasks. 

Other responsibilities of a Plant Manager include:

  • Make sure corporate policies and procedures are followed.
  • Helping new workers get settled in.
  • Giving employees access to training and educational resources.

A plant manager’s professional growth could lead to a directorship or executive post, depending on the business. The average annual remuneration of a Plant Manager is ₹ 10.6 LPA.

Manufacturing Consultant

Manufacturing consulting’s role is to advise on and implement manufacturing initiatives from the sales floor to the boardroom. Manufacturing consultants take a holistic view of the business, ensuring that all operational functions are understood and acknowledged. The goal of a Manufacturing Consultant is to offer clients answers for their evolving business demands. The scope of the engagement is extremely flexible and may involve developing the fundamental strategy, implementing it on a big scale, optimising processes, managing change, and introducing new technologies. The average salary package of a Manufacturing Consultant is ₹ 16.3 LPA.

Know the prerequisites to become an operation manager

Top companies that hire candidates with an MBA degree in Operations Management are:

  • Accenture 
  • MEIL 
  • L&T
  • KPMG 
  • ICICI Lombard 
  • Flipkart 
  • HDFC Bank
  • IBM
  • Casting Networks
  • EY
  • Randstad
  • Optum Global 
  • Myntra
  • Amazon

Online Manipal’s MBA programmes allow you to dream big 

Manipal University Jaipur is a NAAC, A+ accredited institution that offers UGC recognised MBA courses to applicants. The online learning platform, known as Online Manipal, provided by Manipal University Jaipur, enables students to enrol and complete courses online from anywhere in the world. Online Manipal’s online MBA programme gives you all the exposure you need to thrive in your career. The programme will help you in honing your skills to become a skilled professional. The course mainly focuses on developing the managerial and critical skills of the candidate. The course has many case studies to help candidates better understand the concepts of the programme. Online Manipal also provides placement assistance and provides free access to courses on Coursera. Thus, Online Manipal’s intricately designed MBA programmes allow you to dream big and land your dream job.

Conclusion

Operations management forms one of the basic components of businesses. Careers in operations management are thriving in today’s time with the requirement for more skilled people in operations management. Many UGC-recognised institutions offer online MBA degrees with multiple specialisations to individuals interested in advancing their careers in a particular field. Manipal University Jaipur is one such esteemed institution that offers a variety of online degree programmes in various fields.

How an MBA in Creative Economy will help you?

Creative Economy is a new evolving concept, and the term was first popularised by John Howkins in 2001. He used it in relation to arts, cultural goods, services, games, research and development. Creative Economy doesn’t have a fixed or single definition as such. It is an economy that combines human creativity and management aspects. It includes creativity, intelligence and ideas with the finance and revenue aspects. 

You might have heard the term creative industry and wondered what it meant. In simple terms, it means the commercialisation of creative art. It is doing business that involves art and intellectual property. An artist creates art, but the process of finalising the creative product and making it available in the market for final buyers involves various steps and people. 

MBA in Creative Economy combines the creative part along with the management aspect of the creative industry. It provides a great opportunity to work with creative people. An MBA in Creative Economy will equip you with the necessary skills required to manage and handle licensing, promotion, retail and marketing of your client. You will be able to effectively use your communication and managerial skills in the creative industry. 

Anyone who has an interest in the creative industry and wants to make a career in it can enrol in a two years MBA programme. The candidate either should have a relevant undergraduate degree or have relevant work experience in the creative field to enrol in the programme.

What are different creative industries?

The Creative Economy is one of the most important factors in a nation’s Economy. It has different industries, and each industry is unique and special. Let’s look into some of the types of creative industries.

  • Arts: Art is the application of human creativity and imagination. It includes paintings, scriptures, cartoons etc.
  • Music: Digitalisation has equally impacted the music industry. There is a shift from physical music cassettes and records to digitally downloadable formats. The launch of music streaming services has further revolutionised the industry.
  • Digital Marketing: It is a type of marketing that uses digital media. The aim is to promote brands and accrue potential customers from the internet.
  • Social media Apps: Social media has become an integral part of our daily lives. We use social media to connect with our loved ones to search for our next best job. It has made our life convenient. Creating and maintaining new social media apps is also a blooming career choice.
  • Fashion Management: Fashion keeps changing from time to time and one has to come up with new designs and ideas to stay ahead of the competition. Fashion industry is one of the trending creative industries across the world.
  • Publishing: This industry primarily consists of publishing houses, writers, editors and a marketing team. Self-publishing is a new concept that gives writers greater creative freedom, but they still need a team to reach the final stage. The new technology era has introduced digital forms of publications like ebooks, audiobooks etc. 
  • Architecture: It includes interior designing, building planning, structure development, town planning and preservation of monuments. 
  • Media: Media and entertainment industry has an extensive area of operation. It includes films, TV shows, radio, documentaries etc. This industry is dynamically evolving with streaming services and the launch of different production houses. We are in the era of the best creative media products.
  • Advertising: Every company will have a team of dedicated creative employees that will design and plan advertisement campaigns. It is a continuous process that companies undertake. It could be in-house or can be hired from outside. Their responsibility is to create good appealing advertisements.
  • Entrepreneurship: It is the art of setting up and running a business. Planning, organising and managing a business along with uncertainties need lots of creativity and skills. 

Stay ahead of the competition with an MBA in Creative Economy

Whether you are a student or someone working in the creative industry, an MBA in Creative Economy will give you that career growth advantage over other candidates. As it is a relatively new programme, the pioneer students will have an advantage over others. The benefits are numerous; let’s look into a few of the benefits of the MBA in Creative Economy programme.

  • Existing professionals: If you have experience working in the creative industry, this MBA will help you climb the corporate ladder. The combination of degree and experience will provide various new opportunities in industries like music, tv, publishing house, etc. 
  • Increase your earning potential: An MBA holder generally is highly paid compared to his contemporaries. So enrolling in a master’s in the creative industry will increase the chances of getting high-paying jobs. 
  • Sharpen your skills: The programme is designed to provide real-life experiences and case studies from the industry’s current scenarios. These case studies prepare students for the future. They will be able to apply the knowledge gained during the course and effectively perform their duties. 
  • Network expansion: The MBA programme will provide an opportunity to network with industry personnel. The course content is designed by experts and industry leaders. It is a great opportunity to interact with them. Many universities conduct project trips to help better understand and develop relations that will help in the future.
  • Enhance knowledge: Life is a continuous learning process. Nothing can beat the experience one gains in the field. It is very crucial to stay up-to-date with the latest developments in any field. Pursuing a degree in the creative economy will surely enhance your knowledge base. 
  • Emerging domain: Creativity has become one of the core aspects of the economy. Companies like Netflix, Hulu etc., are hiring efficient candidates to manage their different fronts. So there is a requirement for the professionals that can apply a combination of managerial and creative skills simultaneously. 
  • In-demand skills: The MBA in Creative Economy course is packed with skills and experiences that are widely popular among employers. Gaining these in-demand skills will make you a desired candidate in the eye of the prospective employer.
  • Professional development opportunities: The MBA programme enhances the overall personality of the student. It helps individuals develop a proper professional outlook. 
  • Varied job roles with lucrative salaries: The MBA degree will open doors to new opportunities. The candidate will be able to explore new job roles and profiles which might not have been available without this specialisation. 

Uninterested in regular domains of work? Choose the right creative specialisation

There are numerous advantages to pursuing an MBA in the Creative Economy.

  • Managerial skills: It will provide necessary skills and training to facilitate managing creative work. The product of creative work is similar to other products, and they need to be marketed and managed just like any other goods or services.
  • New industry: Creative industry is evolving at great speed, as MBA in the Creative Economy is not yet popular. There are untapped opportunities that one can explore with higher education. 
  • Excellent communication skills: Working as a manager for a singer or painter, or any creative person, you will mostly interact with different people and represent your client. The MBA course will help you develop the required communication skills. 
  • Opportunity to work with creative people: The creative industry is loaded with creative people and famous personalities. This MBA programme will open new avenues and opportunities for individuals to work with them. 
  • Creative thinking: Working in this field will help in developing innovative and creative thinking. As the industry is evolving and changing rapidly, candidates must be updated with the changing industry. The MBA will develop and train important industrial skills. 
  • Career change: If you are someone looking to take a leap and want to try something different, the creative industry provides amazing and challenging opportunities. To start a career in this field, an MBA in Creative Economy will provide the necessary platform to launch your career. 

Art director

The art director is responsible for the visual elements such as images and graphs. Their main motive is to create a visual aesthetic component that properly resonates with the theme of the topic. 

Advertising manager

They are responsible for managing the advertising strategy of the company. They focus on developing company-specific and brand-specific advertisements. They work with other staff members and set visions and goals for the team. They are responsible for directing, controlling and monitoring the operations of the advertising department. 

UX designers 

They are responsible for designing the user experience of any app, website or product to make it smooth, enjoyable and accessible. They are responsible for overall user satisfaction. Their key responsibilities involve:

  • Understanding the user: It is like stepping in the shoes of the users and thinking about what problems a user might face and how to solve them. 
  • Conduct research: They conduct research about users’ needs, demands, preferences and behaviour. 
  • Analyse the data collected in the previous step.
  • Design: At this stage, the UX designer will build a design, prototype, site map, etc., which will help the team better understand the final product. 
  • Testing: it is a test run of the product. It helps in finding out how a real user will interact with the product and tracking any problems.
  • The final stage is submitting the final product to the company. 

Interior designer

Interior designers use their creativity in managing and designing the interior of a home, office, or any commercial space. They create aesthetic and pleasing indoor spaces. Their main aim is to make the available area functional, comfortable, and visually appealing as per the client’s needs. They discuss with the clients and understand their requirements and expectations and use their creativity to deliver the final product.

Marketing director

A marketing director is the head of the marketing department. They provide guidance and make all important decisions for the marketing team. They continuously evaluate and coordinate different marketing projects. They are responsible for making marketing strategies for promoting products and services. They organise trade events, meetings, promotional events etc. 

PR director

They interact with media persons and are representatives of their client or company. It is their responsibility to maintain a positive image for their clients. They conduct conferences and interaction events to build a favourable reputation in the market.

Brand manager

The brand manager studies the target market and consumers and designs brand strategy accordingly. They aim to capture maximum attention and use tactics that make potential customers relate to the brand. 

Front-end web developers

A front-end developer creates websites and web applications using web technologies. Their main objective is to ensure that the website visitors can easily understand and interact with the website.

Online Manipal leads the way for online MBA aspirants

Online Manipal, the online platform offered by Manipal University Jaipur, lets you pursue an online MBA degree from the comfort of your home with a wide range of specialisations. You can select the specialisation as per your interest from the available options. The Online MBA degree from the UGC accredited and NAAC A+ rated Manipal University Jaipur opens up doors of new opportunities. The MBA programmes are designed to impart the necessary skills and training for students to help them excel in their career. Online Manipal provides various specialisations for their MBA programme, such as Finance, Marketing, Retail Management, Human Resource Management, Analytics and Data Science, BFSI, IT & Fintech. 

Individuals who want to advance their careers can opt for online MBA programmes. Once you enrol for the MBA programme, you get trained by the best faculty at Online Manipal, gain free access to Coursera courses, attend webinars of highly-qualified industry experts, interact with alumni and other advisors for career guidance The real-life based case studies will prepare students to face any challenges in the the future. 

Online Manipal provides placement assistance for students to help them land their dream jobs through internal skill assessment exams, resume building workshops, and interview preparation. The online MBA course fee is very affordable and varies from specialisation to specialisation. The University also runs various scholarship programmes, thus making MBA accessible for everyone. 

Conclusion

We are living in an era that sees continuously evolving trends and technologies, and it is the best time to embark on a career in a creative industry. A career in creative avenues might initially sound intimidating, considering it is an unconventional career prospect. But with the right degree, one can surely excel in this new evolving domain. Join an online MBA programme from a reputable organisation such as Manipal University Jaipur and add relevant skills, experience, and credentials to your resume.

Important concepts to learn during an MBA in BFSI

A career in the banking, financial services, and insurance (BFSI) sector can be immensely rewarding. This sector offers huge opportunities for growth and advancement, and the work can be both challenging and exciting. For those considering a career in this field, an MBA in BFSI can be an excellent way to gain the skills and knowledge needed to succeed. An MBA in BFSI covers a wide range of topics, from finance and accounting to risk management and insurance. As a result, students who complete this programme will be well-prepared for a variety of roles within the BFSI sector. In addition, an MBA in BFSI can help students to develop essential soft skills, such as team-building, leadership, and communication. These skills will be invaluable in any career, but they are especially important in the fast-paced and ever-changing world of BFSI.

A few important concepts you’ll learn during your studies are: Asset management is a key concept that all MBA students in the BFSI specialisation must master. It includes understanding how to effectively manage different types of assets, such as stocks, bonds, and real estate. You’ll also learn about risk management and how to minimise the potential for losses. In addition, you’ll gain an understanding of financial analysis and financial modelling, which will be essential in making investment decisions. With a comprehensive understanding of these concepts, you’ll be well-prepared for a successful career in the financial services industry. Read along to understand in-depth the subjects taught in an MBA in BFSI programme, the core concepts you need to master and the career options you can choose after completing the programme.

Which subjects are taught during an MBA in BFSI?

The MBA in BFSI course is designed to meet the increasing demand for professional management in the banking, financial services and insurance sector. The course covers a wide range of subjects, including economics, finance, accounting, marketing and management. In addition, students are also required to complete a project on a topic related to the banking and financial services sector. Admission to the course is generally based on the candidate’s performance in an entrance test such as the CAT or GMAT.

The MBA in BFSI is a 2-year full-time postgraduate course; the minimum eligibility to enrol in the course is a bachelor’s degree in any field from a recognised university. The syllabus of the MBA BFSI programme is divided into 4 semesters spread over 2 years, with each semester focusing on different aspects of the banking and financial services industry. Some of the banking and finance subjects covered in the MBA BFSI syllabus are:

  • Financial Markets and Institutions
  • Banking Management
  • Principles of Insurance
  • Risk Management
  • Investment Analysis and Portfolio Management
  • Financial Planning and Wealth Management
  • Tax Planning and Estate Planning
  • Retirement Planning and Employee Benefits. 

Among the various subjects covered in the MBA BFSI syllabus, the important ones include macroeconomics, microeconomics, commercial banking, insurance, risk management, financial markets and institutions, investment analysis and portfolio management. In addition, students are also exposed to topics such as corporate governance, taxation and the regulatory environment. 

MBA in BFSI is a specialised course designed to meet the ever-growing demand for skilled professionals in the banking and financial services industry. Upon successfully completing the course, students can find employment in various positions such as bank managers, investment bankers, insurance analysts, etc. The MBA in BFSI course aims to provide students with a comprehensive understanding of the functioning of the banking and financial services sector. After successful completion of the course, students can find employment opportunities in banks, insurance companies, asset management firms and other financial institutions.

Topics one must master for a successful career in BFSI

If you’re looking for a successful career in the Banking, Financial Services and Insurance (BFSI) sector, there are a few key topics you’ll need to master. 

Firstly, it’s essential that you have a strong understanding of financial accounting and reporting. It will enable you to effectively manage the finances of your company or clients. 

Secondly, you’ll need to be well-versed in risk management, as this is a key area of responsibility for those working in BFSI. 

Finally, it’s also important to have excellent communication and relationship-building skills, as much of the work in this sector involves communicating with clients and others in the industry. If you can master these topics, you’ll be well on your way to a successful career in the BFSI sector.

Given below is the list of some of the important concepts you would need to master for a successful career in the BFSI sector.

Finance risk management

A career in BFSI (Banking, Financial Services and Insurance) can be very rewarding. It offers the opportunity to work with some of the biggest names in the industry and to be at the forefront of economic change. However, it is also a highly competitive field and those who want to succeed need to be able to master a number of different topics; one of the most important concepts among these is finance risk management. Risk management is all about identifying, assessing and mitigating risks. It is an essential skill for anyone working in the financial sector, as it can help to protect both banks and investors from losses. Those who want to make a successful career in BFSI need to be able to identify risks, assess their impact and develop strategies for mitigating them. With a strong understanding of risk management, individuals interested in the domain will be well-positioned to build a successful career in this exciting industry.

Managerial economics

A career in the BFSI sector is one of the most sought-after career options these days. The reason is the mammoth growth of this industry in India. To have a successful career in the BFSI sector, one must have sound knowledge of various subjects like Managerial Economics. Managerial Economics is a subject that deals with the application of economic concepts and principles to real-world business scenarios. It helps managers make better decisions by understanding how economic factors impact business operations. Some key topics covered in managerial economics are demand analysis, supply and demand curves, pricing strategies, market structures, game theory, etc. A strong understanding of these concepts is essential for individuals aspiring to build a career in the BFSI sector. So if you want to make a career in this industry, ensure you have a firm grip on Managerial Economics.

Banking and insurance marketing

Marketing in the banking and insurance sector has undergone a sea of change in the past decade. With the advent of technology, BFSI marketing strategies have emerged as a dynamic and complex concept. To succeed in banking and insurance marketing, one must be well-versed in topics such as digital marketing, customer experience, data analytics, and product management. One must understand certain topics to master the concept of banking and insurance marketing. 

  • Firstly, an understanding of the banking sector is necessary. It includes an overall understanding of the various types of banks, their functions, and the products they offer. 
  • Secondly, one must have strong knowledge of financial products and services. It includes an understanding of how different financial products work, as well as the risks and benefits associated with them. 
  • Thirdly, one must be able to effectively market banking and insurance products to potential customers. It involves creating compelling sales pitches and developing marketing strategies that target the right audience. 
  • Finally, one must be able to build and maintain relationships with clients. It includes providing excellent customer service and keeping up-to-date with the latest industry news. 

Finance modelling

A career in the BFSI (Banking, Financial Services, and Insurance) sector is one of the most lucrative and secure career options. The sector has been growing at a rapid pace and offers plenty of opportunities for those who are skilled in banking and finance services and have commercial and financial acumen. 

When it comes to a successful career in this sector, there are some specific vital topics that one must master. These include financial modelling, risk management, investment banking, and commercial banking. A thorough understanding of these topics is essential for anyone looking to build a successful career in the BFSI sector. Financial modelling is used to forecast the financial performance of a company or investment. It is the process of estimating a project’s or business’s financial performance by considering all relevant factors such as growth and risk assumptions and interpreting their impact on the assets. It helps gain a concise understanding of all the parameters involved in financial forecasting. A sound understanding of this concept is essential for anyone looking to make a successful career in BFSI.

Financial institutions and services

Financial institutions and services require one to master a number of topics. Firstly, it is essential to have a good understanding of the different types of financial institutions and the services they offer. It includes banks, insurance companies, investment firms, and so on. Secondly, it is important to be familiar with the various financial products and services available. These include savings accounts, loans, credit cards, and so on. Finally, it is necessary to have a sound understanding of the regulatory environment in which the BFSI- financial institutions and services operate. It includes an overall knowledge of monetary policy, banking regulation, and securities regulation. 

Merchant banking

Merchant banking is an important concept that one must master to have a career in the BFSI sector. It includes topics like capital markets, derivatives, implementing hedging strategies, etc. A strong understanding of these topics is essential to provide guidance to clients on the best way to grow and protect their assets. Merchant bankers also need to be well-versed in the regulatory environment surrounding the financial sector. They must keep up to date with changes in regulations and know how they will impact their clients’ businesses. By staying ahead of the curve, merchant bankers can provide valuable insights and advice that helps their clients navigate the ever-changing landscape of the financial world.

Besides a thorough knowledge of financial regulations and compliance, merchant bankers also need to have a keen understanding of risk management. As advisors to some of the wealthiest people and organisations in the world, they must be able to advise their clients on the best ways to mitigate risk and protect their assets. As the ultimate risk takers who often deal in very high-risk investments, merchant bankers must know how to manage risk for their clients and their businesses.

E-banking

The banking, financial services, and insurance (BFSI) sector is one of India’s most rapidly growing industries. In order to have a successful career in this field, you also need to master and understand the concept of e-banking. E-banking refers to the use of electronic channels, such as the Internet, to provide banking services. It includes a wide range of activities and functions, such as online banking, mobile banking and point-of-sale transactions. With the development of technology in this field, you need to have a good understanding of how all these various channels work and how they can be used to provide banking services efficiently. You also need to be able to effectively use them to meet the needs of your customers. 

Retail banking

There are a few topics which are very important for a career in Retail Banking in the BFSI sector. Firstly, it is important to have a good understanding of the various products which banks offer to retail customers. It can include savings accounts, current accounts, fixed deposit accounts, credit cards and personal loans. It is also essential to be familiar with the KYC (Know Your Customer) guidelines that banks follow to comply with anti-money laundering regulations. 

Additionally, one must also have a good understanding of financial concepts such as interest rates, inflation, etc. As retail banking is all about providing banking services to individuals and small businesses, it is also vital to have strong interpersonal skills and be able to build relationships with customers. Finally, it is also important to be updated on the latest developments in the banking sector so that you can provide the best possible service to your customers.

Get to know the complete course details of MBA BFSI programme

How does an MBA in BFSI land you managerial roles in the banking or finance sector?

The MBA programme with the BFSI specialisation is designed to prepare students for managerial roles in the banking and finance sector. The programme curriculum covers topics such as financial accounting, investment banking, risk management, and financial regulations. 

  • MBA BFSI students gain practical experience through internships and case studies. As a result of their studies, graduates are well-prepared for careers as bank managers, financial analysts, and other leading positions in the banking and finance industry. This specialisation provides students with the skills and knowledge they need to succeed in this rapidly-growing industry. With an MBA in BFSI, you can land a managerial role and other higher-level positions in various organisations like banks, financial institutions, and other businesses. 
  • An MBA in BFSI also provides graduates with the opportunity to develop a network of contacts within the financial community. These connections can be invaluable when seeking employment or advancing one’s career. In addition, an MBA can give graduates the confidence and ability to start their own businesses or ventures in the banking and finance sector. With an MBA, the sky’s the limit when it comes to career possibilities in banking and finance.
  • Individuals with an MBA in BFSI can land various job roles with the skills and experiences they gather from the programme. They can land a role as a trading analyst, investment banker, portfolio manager or analyst. These professionals typically report directly to a department or division manager within the organisation and play a key role in making crucial business decisions. In addition, they are often responsible for coming up with new ideas and strategies that can help them grow the business.
  • Another benefit of an MBA in BFSI is that it provides you with the critical skills and understanding of important concepts needed to succeed in this field. For example, banking and financial services professionals need strong analytical skills and the ability to think critically and analytically while facing any problems. They also need to be able to communicate well with clients and have strong leadership skills because they are often involved in making crucial business decisions.

Thus, an MBA in BFSI specialisation equips individuals with the relevant skills, understanding and experience to land managerial roles in the BFSI sector.

Increase your job opportunities with an MBA from Online Manipal

An MBA from Online Manipal is a great way to increase your job opportunities and advance your career. With an MBA, you’ll be able to pursue a variety of different job roles, from management to consulting and can expect to earn a very competitive salary. 

An MBA from Online Manipal can help increase your job opportunities in several ways. Firstly, it will give you the theoretical knowledge and practical skills needed to perform effectively in a management role. Secondly, it will allow you to network with other professionals and better understand the business world. With an MBA from Online Manipal, you can significantly increase your job opportunities and potential earnings.

Here are just a few of the job roles with the annual average salaries you could pursue with an MBA in BFSI specialisation: 

Job positionJob descriptionAverage annual salary
Investment BankerInvestment bankers work in a specific area of finance to help companies raise money by issuing and selling securities. They also advise companies on mergers, acquisitions and capital raising.INR 6 lakhs
Investment AssociateThey provide relevant banking and financial information to stockbrokers, traders, and managers. They get this information from the analysis of the global investment data.INR 13 lakhs
Accounts AssistantThey provide clerical support to the accounts. They partake in jobs like filing/compiling documents, handling emails and phone calls, etc. They also aid the managers in dealing with external agencies. INR 2.2 lakhs
Financial ManagerThey are in charge of investigating and recommending methods to increase profitability. They are responsible for analysing markets for expansion, mergers & acquisitions, and business opportunities. Their main objective is to review financial reports, monitor accounts, and prepare financial reports & forecasts.INR 13 lakhs
Business AnalystThey are responsible for developing technical solutions to financial problems. They help in the identification of goals, development of best data collection practices, and analysis of collected data to make data-driven decisions.INR 7 lakhs
Market AnalystThey are in charge of analysing data to determine consumer behaviour and trends to further improve the company’s marketing strategy.INR 8 lakhs

An MBA from Online Manipal will help you learn to be a better leader, improve your communication skills, and be more confident when interacting with others. One of the major benefits of an online MBA is that you can complete it from anywhere in the world, and it can help increase your job opportunities. You will also be able to save money on tuition fees as well as living expenses if you live outside of India.

An online MBA also allows you to customise your experience. You can choose which classes and assignments to take, how much time you want to spend on each one, and how much time you want to study for each class. It means that you can tailor your learning experience according to your needs and interests.

Online MBA in BFSI from Online Manipal is an excellent choice

Today’s business world is more competitive than ever, and the competition will only keep increasing with time, and an MBA in BFSI from Online Manipal can give you the edge you need to succeed. Online Manipal is the online platform offered by Manipal University Jaipur that allows students to take up and complete courses online. Manipal University Jaipur is a NAAC A+ accredited institution that offers applicants UGC recognised MBA programmes in various specialisations. 

An MBA in BFSI degree programme provides comprehensive training in all aspects of the financial services industry, from banking and investment to insurance and risk management. 

  • The curriculum is designed to give you a solid foundation in the core subjects while also allowing you to choose electives that match your interests and career goals. Plus, with the online format, you can complete your degree according to your time and schedule without having to sacrifice work or family time. 
  • Manipal University Jaipur also provides placement assistance to its graduates. The placement cell works with leading organisations in the retail BFSI sector to identify suitable placement opportunities for students. MBA graduates from Manipal University Jaipur have been placed with renowned companies such as Amazon, Flipkart, HSBC, ICICI Bank, Kotak Mahindra Bank, and more.
  • The ever-changing landscape of the business world has made it essential for professionals to continuously upskill themselves. The BFSI sector, in particular, is subject to constant flux, making it necessary for employees to have a deep understanding of the latest trends and developments. Recognising this need, Manipal University Jaipur has introduced and developed an online MBA BFSI programme. 
  • This course curriculum covers a wide range of topics, including retail banking, insurance, and investment management. It also provides students with a solid foundation in financial accounting and risk management. And because it is offered entirely online, it is flexible enough for the schedules of working professionals. 

Moreover, the course comes with comprehensive placement assistance and free access to Coursera courses, so students can be sure of acquiring in-depth subject knowledge and practical expertise. The online MBA BFSI elective from Online Manipal is the perfect way for professionals to stay ahead of the curve, with its cutting-edge curriculum and convenient delivery model.

Conclusion

The concepts and subjects taught during an MBA in BFSI programme are essential for individuals looking to pursue a career in this field. Risk management is one of the most critical aspects of the BFSI sector. Students who understand this concept will be better equipped to handle the financial risks associated with this industry. In addition, students should also have a strong understanding of financial regulations and compliance issues. Those who are able to navigate these complex issues will be in high demand by employers in the BFSI sector. Finally, students should also be familiar with the latest technology and data analysis tools, as these will be essential in this rapidly changing industry. Individuals who can master these concepts will be well-positioned and have a successful career in the BFSI sector.

The MBA programme with the BFSI specialisation provides students with a comprehensive understanding of the financial services industry. In addition to traditional business concepts, students learn about the unique aspects of the financial services sector, such as risk management and compliance. The programme also focuses on innovation and technology, two areas that are critical to the future of the financial services industry. As a result, the MBA programme with the BFSI specialisation provides students with the skills and knowledge they need to succeed in today’s dynamic and ever-changing banking and finance industry.

How to become an Operations Manager?

Operations management is a field that deals with the efficient and effective production of goods and services. It is concerned with converting materials and labour into goods and services as efficiently as possible to maximise the profit of an organisation. So who is an Operations Manager? An Operations Manager is responsible for ensuring that all aspects of the production run smoothly and efficiently. Operations managers typically work in manufacturing or service industries but can be employed in any sector that relies on the production of goods or services. 

The scope of an Operations Manager’s job varies depending on the size and type of organisation but usually includes planning and organising production schedules, overseeing the day-to-day running of operations, and maintaining quality in both manufacturing and service industries. In manufacturing, Operations Managers are responsible for the efficient flow of materials through the production process. In service industries, operations managers are responsible for effectively managing resources such as employees, equipment, and technology. 

There are many job opportunities available for Operations Managers. They can work in a variety of industries, including manufacturing, healthcare, retail, and logistics. Operations Managers typically have a bachelor’s degree in business administration or a related field, and some companies may require a master’s degree for the position. 

Operations Managers generally earn high salaries. Salaries for operations managers vary depending on the industry and level of experience. The average salary of an Operations Manager in India is ₹ 7.5 LPA and ranges from ₹ 3.0 Lakhs to ₹ 18.5 Lakhs based on skills and experience. 

Becoming an Operations Manager is a great way to start a career in business administration. Operations Managers play a vital role in ensuring that businesses run smoothly and efficiently. They are well-compensated for their work and often have many job opportunities. If you are interested in becoming an Operations Manager, be sure to research the educational requirements and industry expectations for this position.

Requirements to become an Operations Manager

Individuals who want to pursue their career in operations management might often wonder, “How to become an Operations Manager?” The answer is becoming an Operations Manager generally requires a combination of education and experience. Most Operations Managers have at least a Bachelor’s degree in business administration or a related field.

In India, the eligibility requirements for becoming an operations manager varies depending on the organisation. However, there are some general qualifications that are usually required. For example, most operations managers have at least a bachelor’s degree in business or a related field. 

In addition, many Operations Managers have several years of experience working in an operational role within an organisation. However, some employers may prefer candidates with a Master’s degree in business administration (MBA) or a Master of Science (MSc) in management. In addition to education, many operations managers have several years of experience working in various operations and management roles. Strong communication and problem-solving skills are essential for success in this role.

Some Operations Managers may also be certified through professional organisations such as the American Production and Inventory Control Society (APICS) or the International Organisation for Standardisation (ISO). These credentials can demonstrate to potential employers that a candidate has the necessary skills and knowledge to be successful in an operations manager role.

Operations managers must be able to effectively coordinate with their team in order to achieve organisational goals. They must also be able to quickly adapt to changes and solve problems as they arise. As a result, Operations Managers must have both analytical and interpersonal skills. Those interested in becoming Operations Managers should consider pursuing a degree and/or gaining relevant experience to improve their chances of success.

Roles and responsibilities of an Operations Manager

Now let’s answer the next question, “What are the roles and responsibilities of an Operations Manager?” An Operations Manager is responsible for the day-to-day running of a company or organisation. They ensure that all departments are working efficiently and that resources are used in the most effective way possible. They also develop plans to improve operational effectiveness and solve problems within the organisation.

Here are some key points that summarise the roles and responsibilities of an Operations Manager

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  • Operations Managers are responsible for the day-to-day running of a company or organisation.
  • They ensure that all departments are working efficiently and that resources are being used in the most effective way possible.
  • They also develop plans to improve operational effectiveness and solve problems that arise within the organisation.
  • As Operations Managers typically have a broad range of responsibilities, they must be able to prioritise their workload, delegate tasks effectively, and have strong decision-making skills.
  • They must also be able to work well under pressure and meet deadlines.
  • Additionally, operations managers need to be excellent communicators and have good interpersonal skills in order to liaise with other departments and build strong working relationships.
  • They should also be proactive in their approach and be able to think creatively in order to come up with new solutions to problems.
  • The role of an Operations Manager is to oversee the implementation of key processes within an organisation. The job may also require you to monitor personnel, oversee quality assurance, and create workflows across an organisation.
  • Operations managers, also known as chief operating officers, are responsible for improving the productivity and efficiency of employees and processes within their organisations. Their work may also involve mapping strategies and enhancing performance, as well as ensuring legal compliance.
  • The role of an Operations Manager can be demanding. Although the job description will differ with industry and company, the primary responsibilities are the same: to oversee the business operations.
  • As the leader of the organisation, an Operations Manager is responsible for managing all aspects of an organisation’s business. It can include overseeing a wide range of departments, hiring employees, implementing quality assurance programmes, and reviewing current business practices.
  • The role of an Operations Manager calls for constant monitoring of every process and procedure within the organisation. An Operations Manager should be able to communicate effectively and multitask to stay on top of everything. Ultimately, it is their job to monitor everything.
  • A successful Operations Manager will possess a mix of soft skills and hard skills. They may need mechanical aptitude or even expertise with manufacturing equipment. In addition to the necessary knowledge, they must be able to effectively work with people and develop relationships with them.
  • Good interpersonal skills are also necessary, as an Operations Manager must be able to effectively motivate employees. As such, they need to have excellent communication skills and be good listeners and communicators.
  • Aside from being responsible for daily operations, an operations manager also needs to be responsible for the coordination of resources, activities, and time. Coordination involves carrying out specific activities at the same time, switching between them, and dealing with crises and interruptions.
  • Managing operations effectively can help an organisation achieve its goals, so a successful Operations Manager must be familiar with its various functions. 
  • As the role of Operations Manager involves overseeing manufacturing processes, they must also be knowledgeable about how production systems are set up.
  • Moreover, they must be able to devise schedules, source third-party service providers, and manage employees responsible for certain projects. Quality control refers to ensuring that products are of high quality and meet customer needs.
  • An Operations Manager must also be familiar with recent technological innovations and utilise them to enhance internal processes.
  • An Operations Manager is responsible for the entire supply chain process. During this time, they will be evaluating the number of products that can be produced in a period.
  • They must also evaluate human resources and assess market demands. On the other hand, inventory management involves implementing a streamlined manufacturing system. It is also referred to as inventory control or supply chain management. 

What impact does an efficient Operations Manager have on a company?

An Operations Manager is an individual who is tasked with managing the processes and resources that are needed to support a company’s day-to-day operations. They must understand how the company’s processes work, and they must be able to communicate effectively with employees so that everyone knows what needs to be done and when.

  • An Operations Manager’s main responsibility is to ensure that all of the processes that support the company run smoothly, but there are also other important tasks that they need to perform. For example, an Operations Manager can help train new employees so that they become proficient in the company’s processes as soon as possible.
  • Similarly, an Operations Manager can also help improve the workflow processes and ensure that everyone knows what needs to be done and when. By doing these things, an Operations Manager can help ensure that every employee feels valued and clearly understands what needs to be done.
  • An effective Operations Manager optimises resources and processes, reducing costs per unit and increasing the bottom line. These managers must be effective communicators and motivate employees to increase their productivity, and they must also understand how to improve processes and measure their results.
  • Here are a few tips for effective Operations Managers. These managers have the power to make a significant impact on their companies. They can reduce production times, increase goods produced, and more.
  • First, you need to understand why your employees aren’t executing well. For example, when you are working to improve production time, an operations leader might directly communicate with employees about a slowdown in production. An effective Operations Manager will explain why production isn’t meeting expectations and help develop alternate solutions. When you have an efficient operations manager, everyone will be more productive and happier.
  • Next, the Operations Manager must understand how to address issues of concern among their team. It is particularly important to know why the team is underperforming and what needs to be done to get back on track.
  • An Operations Manager must be able to identify the problem and address it quickly and effectively, without provoking fear of losing one’s job. Ultimately, a strong operations leader will encourage the top performers while finding ways to bring underperforming team members up to standards.

How does an MBA in Operations Management be beneficial to you?

An MBA in Operations Management is a great way to start your career in the field of operations. It gives you a broad knowledge of all the different aspects involved in operations and equips you with the skills necessary to excel in any role. It also prepares you for a wide range of career opportunities in operations, such as roles at start-ups, multinationals, and even consulting firms. 

  • If you want to advance your career and are interested in managing businesses, an MBA in Operations Management could be a perfect choice. With this degree, you will learn how to manage a company’s operations and ensure that the entire business is running as smoothly as possible. In addition to this, you will gain a better understanding of different business sectors and be able to apply this knowledge to the needs of your company.
  • It’s important to remember that an MBA in operations management isn’t just about learning the technical aspects of running an operation. It’s also about learning how to lead and manage people. This can be invaluable when you’re looking for a position as an Operations Manager.
  • An MBA in Operations Management is also a great way to help improve your CV, especially if you want to apply for positions within large organisations. Having a solid background in operations will give you an advantage over other candidates who may lack this crucial knowledge.
  • An MBA in Operations will expose you to the different sectors of the business, enabling you to gain a broad understanding of the process of manufacturing and dispatching an end product. You will also gain an understanding of the competition in a variety of industries, giving you the flexibility to switch between job roles in the future. This degree is highly valuable in the current job market. You can even get a job in the field of operations management if you want.
  • In addition to expanding your network, an MBA in operations management can also help you land a job in the field of your choice. Today, the skills needed to run a business are critical, and you can learn how to manage resources, manage teams, and deliver products to global customers. 
  • An MBA in Operations Management provides job flexibility between sectors. You will learn how to manage the entire production process, from sourcing raw materials to the final delivery of the product. There are many opportunities in the field of operations management, and an MBA can help you find them. 
  • An MBA degree will give you the skills to lead an organisation. In business, the goal is to maximise profits by doing things better. This requires a diverse background and will work with a variety of people. For example, if you are working in the field of sports shoes, you will have to work closely with a variety of people, including seamstresses making sneakers and materials scientists developing new fabrics for sneaker production.
  • As an MBA student, you can expect to get a job in the fast-growing industry of operations management. This career field is one of the highest-paying in the country and is projected to grow rapidly. So, an MBA in operations management could help you land a good job with a better salary.

Learn about the MBA in Operations Management course details

Online Manipal is your ideal choice for any online MBA degree

Manipal University Jaipur is a NAAC A+ accredited institution that offers applicants UGC recognised MBA programmes. Online Manipal is the online platform offered by Manipal University Jaipur that allows students to enrol in and complete courses online from the comfort of their homes. Online Manipal provides its students with a world-class online learning environment with the most flexible options for their degree programmes.

Online Manipal’s online learning environment is an ideal choice for any student planning to pursue an online MBA degree. The flexibility of online classes allows students to study at their own pace, while the high-quality teaching and industry experience ensures that you learn what you need to succeed in your MBA programme and build a stable career for yourself. Students can complete the course from anywhere in the world according to their time and availability.

Online Manipal’s MBA programme is designed by professionals who understand the needs of today’s business leaders and firms. Students are offered a broad range of course options that allow them to focus on what matters most to them. A variety of specialisations are also offered so one can choose to do an MBA course in the field of their interest. Course fee details for MBA in Operations Management offered by Online Manipal is given below:

Total course fee- INR 1,50,000/- Inclusive of all taxes

Fee per semester- INR 37,500/- Inclusive of all taxes

You can also take advantage of the unique scholarship programmes and no-cost EMIt payment options. Online Manipal also provides placement facilities with a broad range of placement assistance activities, such as resume writing workshops and interview tips. Online Manipal can help you reach your goals and advance your career. So if you’re ready to take your career to the next level and make a name for yourself in today’s competitive business world, consider one of the online MBA degree programmes today!

Conclusion

The Operations Manager role is responsible for all aspects of running an organisation. As the Operations Manager of a firm, you need to make sure that everything runs smoothly at all times while being able to adapt your approach to keeping up with changes. You will need to have a broad knowledge of all areas that make up an organisation and work well with other departments such as marketing, human resources, and finance. At the same time, you will need to be able to work on your own and in a team and speak to people from different backgrounds. 

A skilled Operations Manager can make all the difference to a business. While an Operations Manager is primarily responsible for the operations of the business, it’s important to remember that it’s not just about the numbers. It is essential to consider how the business is positioned for the future and where it needs to be heading. Being able to communicate this effectively to a range of people is a significant part of the job role and is crucial for building a strong team.

Important concepts to learn during an MBA in Analytics and Data Science

The integration of data and analytics is essential for sustaining a market edge and economic relevance in a digitally revolutionised industry. Our world generates, uses, and absorbs an infinite amount of data every moment. The transmission and retrieval of data have evolved to be among the most lucrative 21st-century businesses as every smartphone has internet access. It has fostered the expansion of existing industries in addition to helping to generate new ones. Data is now a key tool for businesses and organisations, regardless of their industry, to fine-tune their operations and increase profit. The way that existing businesses function and formulate their strategies has also been significantly impacted by data analytics.

You may now find data analytics being employed worldwide, from airline route management to advanced predictive analysis in production plants, thanks to its adoption in a variety of diverse industries. Even sectors like retail, which you might not typically identify with big data, are joining in, using analytics to increase consumer loyalty and customise special promotions. As more firms and industries join the trend, the significance of these abilities will only increase in the coming years, which explains why there is currently such an emphasis on data analytics in higher studies. Data Science and Analytics are quickly moving to the top of the list of preferred MBA specialisations in India as individuals join MBA programmes predominantly to leverage the advantages of their degrees to advance their careers.

The specialised curriculum of the MBA in Data Science and Analytics programme prepares students to take on complex business issues in the future that require the incorporation of data-driven decision-making components into IT, modern technology, and mobile apps. This MBA specialisation is more than worthwhile, given the potential career benefits, improved salary and employment options, and skills and information you’ll gain that will only become more valuable in the future. You will have a variety of possibilities once you earn this postgraduate business degree, as it will improve your knowledge of advanced analytics and help you start a job in the data science domain. Read on to learn more about the important topics of data science and analytics.

What are the subjects covered in an MBA in Analytics and Data Science?

 

The three primary curriculum elements of the MBA in Data Science and Data Analytics course are the core subjects, elective subjects, and lab subjects. The core subjects are mandatory, while the students can choose the elective subjects based on their field of interest and the practical work. The course structure is as follows:

  • Core subjects
  • Elective subjects
  • Lab 
  • Seminars
  • Workshops
  • Research paper analysis
  • Internship
  • Project work

The core MBA in Analytics and Data Science subjects that are taught over a period of 2 years include:

Year 1Year 2
EconometricsApplied Business Analytics
Financial Analysis and ReportingFoundation Course on Predictive Analysis
Macroeconomics in the Global EconomyFoundation Course in Descriptive Analysis
Foundation course in Business AnalyticsStochastic Modelling
Spreadsheet ModellingEthical and Legal Aspects of Analytics
Applied Statistics for Decision MakingSAP FICO
Organisational BehaviourSocial and Web Analytics
Applied Operations ResearchSAP HCM
Project ManagementR Programming
Research MethodologyProject Work

Check out the complete MBA in Analytics and Data Science syllabus 

Key concepts one needs to learn during an MBA in Analytics and Data Science

 

With the progress of the digital era, it is possible to collect and analyse enormous amounts of data. The dependence of businesses on data as a resource is growing rapidly along with the need for individuals who are specialists at producing valuable outcomes by processing and analysing raw data. An MBA in Analytics and Data Science equips you with the conceptual knowledge and understanding of the latest technologies and tools employed in this rapidly changing industry. The following are some of the key concepts and topics for data science and analytics you need to learn during your MBA course.

Managing data structures

Management of data structures is among the key data science concepts. It is essential to structure the data to improve the efficiency and speed of your searches and complete the analysis as quickly as possible. Because of this, managing data structures is very important in analytics. Data structures provide a method for gathering and organising data so that you can use it to take action. Most crucially, data structures frame how information is organised so that machines and people can understand it. It enables the efficient usage, persistence, and exchange of data by logically combining the data parts. It also serves as the foundation for more complex applications and offers a formal model that outlines the arrangement of the data items. An MBA in Analytics and Data Science makes you well versed with this concept with practical case studies and illustrations.

Cluster analysis

A multivariate data mining approach termed cluster analysis groups items (such as goods, responders, or other entities) depending on a collection of user-selected traits or features. It is the first and most crucial step in data mining and a widely used method for statistical data analysis. It is employed in a range of fields, including data compression, machine learning, pattern recognition, information retrieval, etc. Any firm that intends to identify distinct groupings of clients, sales transactions, or other types of behaviours and items can find cluster analysis to be a compelling data-mining method. For instance, banks employ cluster analysis for credit rating, and insurance providers use it to spot fake claims. 

Machine learning

Machine learning enables computer programmes to forecast outcomes more accurately without being expressly taught to do so. Machine learning algorithms forecast new outcomes using previous data as input. Business process automation (BPA), predictive maintenance, spam filtering, malware attack detection, and fraud are a few additional typical applications. It is significant because it aids in the creation of new goods and provides businesses with a perspective of evolving customer behaviour and operational business trends. A considerable portion of the operations of many of today’s top businesses, like Facebook, Google, and Uber, revolve around this concept. Also, for many companies, it has emerged as a key competitive differentiation. With an MBA in the Analytics and Data Science specialisation, you can have a more practical and deeper understanding of such important topics in the data science and analytics domain.

Predictive and prescriptive analytics

Predictive and prescriptive analytics can help analyse the vast amounts of data that firms routinely accumulate. It is seen as crucial to managing a small firm effectively. In contrast to prescriptive analytics, which examines prospective outcomes and uncovers additional possibilities, predictive analytics aids in identifying potential outcomes. Any small firm may stay on top of the game by using either sort of analytics. They are instruments for transforming descriptive measures into perceptions and choices. 

However, you shouldn’t rely on just one kind of analytics; by combining them, you can change your business plan and achieve the greatest results. Predictive modelling, decision analysis, optimisation, and transactional profiling are the cornerstones of predictive analytics. This strategy uses trends in transactional and prior data to find possibilities and related risks.

Big data

Big data is a grouping of organised and unorganised data that businesses collect for knowledge and insights to utilise cutting-edge analytics tools like machine learning and predictive modelling. It is used by businesses to enhance operations, deliver better customer experience, develop individualised marketing strategies, and carry out other tasks that can eventually enhance the revenues and profits of the organisation. Businesses that  effectively use it have a prospective competitive edge compared to those that don’t can act more quickly and decisively. 

Big data, for instance, offers insightful information about customers that businesses can utilise to improve their marketing, advertising, and promotions and boost customer involvement and conversion levels. Firms can be more reactive to customer demands and needs by examining past and real-time data to gauge the changing consumers’ preferences or corporate clients. Big data is a vast field encompassing an array of components that affect the working of businesses. One can master this concept with an MBA in Data Science and Analytics course.

Data Scraping

The process of “data scraping,” sometimes known as “data extraction,” allows for the automatic extraction of data from websites, databases, business applications, and legacy systems. Large volumes of pertinent information, including product reviews, contact details for specific companies or people, posts on social media, and online content, can be gathered for use by businesses through data scraping. Web data is gathered and exported by custom software into a programme, where it is then integrated with the assets and processes of your business. 

Professionals can use a variety of tools to deal with data using the data scraping technique, including tools for obtaining, analysing, and integrating data. Data scraping is a productive method for replacing time-consuming and frequently ineffective programmes or tasks that humans are currently carrying out. It can be used to proficiently retrieve data from various websites or to pull information from an existing system if no API is available. Data and web scraping are used by many businesses across various industries for market analysis and content, making it an effective business automation tool for today’s business owners, who use it to boost efficiency and drive the advancement and profitability of their organisations.

Big data analytics

Big data analytics is the extremely intricate technique of poring over large amounts of data to find information such as patterns and insights, correlations, market dynamics, and consumer expectations that might assist businesses in making wise decisions about their operations. It is a type of complex analytics which includes advanced features that incorporate aspects like statistical algorithms, what-if analysis, and predictive models. Big data analytics technologies and software can help organisations make data-driven choices that can enhance the results of their business operations. 

The advantages of using big data analytics may include enhanced consumer personalisation, increased operational effectiveness, and more successful marketing. Applications using big data analytics frequently incorporate information from both internal and external sources, such as weather information or customer demographic data gathered by outside information service providers. As users want to execute real-time insights on data streamed into Hadoop systems via stream processing engines, like Spark, Flink, and Storm, streaming analytics apps are also becoming more prevalent in big data contexts.

Business analytics

Business analytics (BA) is the systematic, iterative examination of data within an organisation with a focus on statistical analysis. This thorough, iterative investigation of data within an organisation places a focus on statistical analysis. It is a collection of approaches and tools for applying data analysis, statistical modelling, and other quantitative techniques to address business issues. Data-driven businesses proactively seek out ways to use their data as a strategic edge and consider it a valuable corporate asset. 

Business analytics’ success depends on high-quality data, knowledgeable analysts who comprehend the industry and technologies, and a dedication to leveraging data to uncover conclusions that guide business choices. Every area of the company will benefit from business analytics and can reap profits. Everyone involved in the end-to-end process is in sync when data from several departments are combined into a single source. Ensuring there are no information or communication gaps opens the door to advantages like easy visualisation and data-driven decisions.

Database management system

It is among the essential MBA data science topics you need to grasp to work in the data science domain. DBMS is the system software used to create and administer databases. End users can create, protect, read, update, and remove data in a database with the help of a DBMS. It serves as a connection between databases and individuals or application programmes, assuring that data is uniformly organised and is always accessible. 

The database engine, which enables data access, locking, and modification, and the DBMS, which controls data management, define the logical organisation of the database. The DBMS can provide logical and physical data independence to shield applications and users from having to comprehend where data is kept or from worrying regarding modifications to the physical structure of the information. Developers won’t have to adjust programmes merely because modifications have been made to the database if programmes use the application programming interface (API) for the database that the DBMS provides.

Data scientists and analysts currently have one of the strongest career prospects in the field and are among the top-paid professionals in India’s corporate companies. Rising startups and businesses that offer digital services via smartphones are particularly looking for highly qualified applicants with an MBA in Analytics, a Diploma or Certificate in Data Science, or any other relevant or comparable course. Candidates who are skilled in data management and analysis can use their abilities to assist companies and institutions in developing better strategies and decisions based on feedback or survey results. There are many opportunities to work in the business and marketing industries because they are fields that are constantly evolving with new opportunities. The best plan of action for those who wish to make a career in the analytics or data science domain would be to get an MBA degree in Analytics and Data Science. Graduates with an MBA in Data Science and Analytics are in charge of data analysis and making critical business choices. The following are some of the crucial reasons why one should pursue an MBA in Analytics and Data Science:

  • Emerging business data roles 

There is a tremendous need for Business Analysts and Data Scientists with an MBA degree since the quantity of data that businesses collect is continually and quickly expanding. Organisations must be able to investigate, identify, interpret, and display data patterns to analyse the benefits of data. An MBA in Analytics and Data Science equips and trains students in applying statistical methods, using technology to extract useful data, and employing data to improve overall productivity.

  • Proficiency in related skills 

Excellence as a business analyst and data scientist depends on having a thorough awareness of the sector you operate in, expertise in your field, an understanding of the critical performance measures that must be considered, and the capacity to assess the task’s intended outcome. Some of the highly important yet non-technical skills needed in this sector include business sense, communication abilities and interpersonal skills. You will receive training and certification for these abilities in addition to theoretical understanding if you pursue an MBA in Analytics and Data Science course.

  • Opportunities for professional growth

Working in analytics and data science entails daily hurdles. Depending on the requirements of the client, you learn how to function and respond to various situations and roadblocks. You must maintain communication with individuals from numerous other departments and fields, each with their own special set of abilities and knowledge. Thus, it broadens your horizons and provides room for professional development by giving you the chance to learn about every department and how the company runs.

  •  Career options 

Opting for an MBA in Data Science and Analytics provides you with an array of job prospects at your disposal. There are several career options, ranging from business intelligence executives to analyst-level employment. Some of the popular career opportunities include the following:

  • Management Analyst/Consultant
  • Data Analyst/Scientist
  • Business Intelligence Analyst
  • Market Research Analyst
  • Operations Research Analyst, and many more
  • Higher salaries

With the development in the data science domain, there is a fast-rising demand for data scientists and business analysts. But there is a dearth of business analytics and data science specialists in the market while people are increasingly turning to data for decision-making. Thus there is a potential for higher salaries and increased wages for skilled individuals in the domain because the sector is lacking these individuals.

  • Multidisciplinary course structure 

Data science is becoming more relevant in all parts of various industries, and organisations are seeking experts who can analyse anomalies and offer insights that call for quick responses and workable solutions. The programme’s course structure is created to meet the industry’s present needs and anticipated future demands. Keeping in mind the impact that these innovations will have on how the business operates in the future, various topics related to analytics and data science are becoming popular. Artificial intelligence, machine learning, the internet of things, “R” analytics, Python programming, design thinking, fintech, and sector-specific (retail, sports, and healthcare) analytics are among the topics that are increasingly gaining importance.

Vast job opportunities for MBA in Analytics and Data Science graduates

 

The MBA in Analytics and Data Science degree aims to establish solid conceptual and application design underpinnings that will allow learners to rethink their career paths and open up new career growth options. The curriculum will equip graduates for various positions such as data analysts, business analysts, data engineers, and data scientists. Graduates with an MBA in Data Science have a plethora of employment options, and corporate demand in the field is only growing as the worldwide data analytics market is predicted to rise exponentially in the coming years. Organisations are increasingly eager to use data to forecast the future and make wiser decisions and are looking for capable individuals with knowledge and relevant skills. Some of the frequently sought-after job positions by business analytics graduates are.

  • Business intelligence analyst
  • Big data analyst
  • Management analyst/consultant
  • Market research analyst
  • Data scientist
  • Marketing Manager

The table below shows some of the job roles with te average salaries that an MBA in Analytics and Data Science graduate can pursue:

Job role
Salary
Data Analyst₹ 4.7 LPA
Data Science Manager₹ 30.0 LPA
Senior Product Analyst₹ 12.5 LPA
Data Science Consultant₹ 19.0 LPA
Business Analyst₹ 7.0 LPA
Data Engineer₹ 8.1 LPA
Data Architect₹ 23.0 LPA
Business Intelligence Analyst₹ 7.0 LPA
Database Administrator₹ 10.2 LPA

An MBA also increases your chances of landing high-level management positions across industries because data comprehension is appreciated regardless of your position within an organisation. Students who enrol in the MBA in Analytics and Data Science programme are prepared for careers in corporate management and data analytics. Due to the rapid job growth in data analytics, the MBA programme’s scope is vast. The course provides exciting career opportunities in a variety of industries, including IT, advertising, and sales, product-based enterprises, aviation and banking, among others. Employing data handlers is necessary because every organisation has a data management division to store its content. The employment market in this area will have a lot of vacancies as demand rises. Below are some of the sectors where graduates with an MBA in Analytics and Data Science are actively recruited:

  • Hotels and restaurants
  • Product-based companies
  • Banking sector
  • IT companies
  • Hospitals
  • Retail stores and shops
  • Educational institutions

Pursue an online MBA from a reputed university like Online Manipal

Online Manipal is the online platform offered by Manipal University Jaipur that allows students to take up and complete courses online from the comfort of their homes. Manipal University Jaipur is a NAAC A+ accredited institution that offers UGC-recognised MBA programmes in various specialisations. A 2-year online MBA programme in the Analytics and Data Science specialisation from Online Manipal can help you launch your career in data science and analytics. The approach used for this programme is a combination of theoretical principles, case studies, projects, simulation, and hands-on practical sessions. Interactive live lessons provide you with the opportunity to interact with your peers and the professors in real-time, creating a lively and engaging learning environment. Self-paced education is the most efficient way to adapt the material to your learning style and offers a training experience with detailed illustrations giving you complete control over how frequently you read the content.

An online MBA in data science programme builds leadership, analytics, and data science skills to prepare you for any managerial role. The course will be helpful to both entrepreneurs who seek to create tech products and learners who want to begin careers in tech fields. Professionals who want to change careers or advance into management positions should enrol in this programme. Graduates from any field are eligible to enrol in this course, which has a total fee of INR 1,50,000 for 2 years, that is INR 37500 each semester. After completing the online MBA programme from Online Manipal, students are prepared for interviews through their placement assistance programme. Online Manipal also organises job fairs during the final year of the postgraduate programme and many reputable companies participate in it to recruit suitable candidates. 

Conclusion

The field of analytics and data science is currently experiencing a surge. Today, we have access to a wealth of data, and there has never been a better time to use that data to get insights. It will lead to improved work possibilities and alternatives for career advancement. In India, the discipline of data science and business analytics is still considered to be in its infancy. Even though the topic has recently gained popularity among management aspirants and many Indian universities have begun to offer data science degrees, there is still a significant need for Data Science and Business Analytics graduates in India. Thus, this provides space for growth in the number of colleges that deliver top-notch data science and business analytics courses and the number of students opting to sign up for these courses.

Data has become the new fuel for organisations’ operations, and it has become essential to stay up to date on business trends and job opportunities. An MBA in Analytics and Data Science seeks to provide students with the knowledge and understanding necessary to interpret data and use various communication, statistical, human behavioural, and cognitive models, as well as information technology and analytical tools, in functional areas or domains of their choice. Even though pursuing an MBA will give you the fundamental management skills you’ll need to move to leadership positions, concentrating in business analytics is a terrific approach to future-proof your career and gain insight into how businesses use data. So, without any second thoughts, enrol in an online MBA in Analytics and Data Science from a reputable institute like Manipal University Jaipur, and carve a niche for yourself in this competition-driven world.