Climbing the IT career ladder in the UAE while keeping your job Due to rapid technological breakthroughs, the demand for skilled IT experts is rising at an unprecedented rate. Numerous multinational corporations have established regional headquarters in the United Arab Emirates (UAE), transforming the country into a center for IT specialists. Climbing the IT career trajectory in the UAE while maintaining employment is difficult but not impossible. Let’s examine the UAE IT industry, career advancement, and job security prospects. Overview of the IT industry in the UAE The United Arab Emirates has become a focus for many multinational IT companies, such as Microsoft, Oracle, and IBM, as well as homegrown companies, including Dubizzle, Careem, and Souq.com. The country’s advantageous business climate, strategic location, and advanced infrastructure have made it an attractive location for IT companies. The nation’s workforce is highly educated and bilingual, and several colleges offer IT programs to prepare students for success. The government has launched several initiatives to support the expansion of the IT industry, including Dubai Internet City and Abu Dhabi’s Technology Park. These initiatives provide businesses with world-class infrastructure, favorable tax policies, and streamlined government procedures to encourage innovation and investment in the sector. Despite the COVID-19 pandemic’s challenges, the IT industry in the UAE continues to expand and remains a significant contributor to the national economy. With the increasing demand for technology and innovation in various industries, it is anticipated that the IT industry in the UAE will continue its development trajectory and offer professionals intriguing career growth. Let’s have a look at the different IT job opportunities in UAE: Job NameAverage SalarySoftware Developer/EngineerAED 10,000 per monthData Scientist/AnalystAED 22,750 per monthCloud EngineerAED 13,082 per monthUX/UI DesignerAED 13,000 per month You may also like to know if online degrees from Manipal University Jaipur valid in UAE. Leveraging learning and development opportunities Learning and development opportunities are indispensable for UAE IT professionals seeking to advance their professions. To remain relevant and competitive in the job market, professionals must perpetually study and develop their skills due to the rapid evolution of technology. Acquiring certifications pertinent to your area of expertise is one method to maximize learning and development opportunities. Attending industry conferences and seminars is another method for maximizing learning and growth opportunities. These events provide an opportunity to learn about the most recent IT industry trends and advancements, network with other professional development, and receive exposure to new technologies and tools. Numerous events also feature seminars and training sessions providing participants with hands-on experience. You can also take advantage of learning and development opportunities through mentorship and coaching. Mentors and coaches can provide guidance, support, and constructive criticism, enabling you to identify areas for improvement and acquire new skills. Building professional networks and relationships To advance their professions in the UAE, IT professionals must develop professional networks and relationships. A robust network can provide invaluable opportunities for professional growth, employment, and referrals. Attending industry events like conferences, workshops, and seminars is one way to build professional networks. These events allow you to meet other IT professionals, exchange ideas and expand your professional network. Volunteering and participation in industry organizations and associations can be an excellent way to develop relationships and network with other professionals. Networking via social media platforms like LinkedIn is also effective for establishing professional connections. Professionals may network, join industry groups, and exchange material and ideas on LinkedIn. Regularly engaging with your connections and sharing insightful information can help you establish yourself as a thought leader and grow your network. Developing new skills and capabilities To remain relevant and competitive in the job market in light of the rapid evolution of technology, it is essential to acquire new skills perpetually. Studying online courses and tutorials is one method to develop new skills. These courses are self-paced, flexible, and often free. Attending industry events and conferences is another method to acquire new skills. These events offer the chance to learn about recent IT industry trends and developments, receive exposure to new technologies, and network with other professionals. You can also acquire new skills by pursuing challenging initiatives and assignments within your current role. Taking on new duties or joining cross-functional teams can provide opportunities to acquire new skills, collaborate with diverse teams, and receive exposure to various business functions. Balancing work and career growth IT professionals in the UAE may find it difficult to balance work and career development. While balancing their caseload and responsibilities, numerous professionals struggle to find the time and means to invest in their professional development. Online courses offer a convenient and adaptable way to pursue career advancement while working. Online Manipal is an excellent resource for IT professionals in the UAE who are interested in skill development and career advancement. Various top-class institutions such as Manipal Academy of Higher Education (MAHE), and Manipal University Jaipur are offering a variety of programs, including a online Master of Computer Applications, a Master of Data Science, a Master of Science in Business Analytics, and a Postgraduate Certificate in Business Analytics. These courses are intended to equip professionals with the most up-to-date skills and knowledge in their respective disciplines and are taught by industry experts and seasoned faculty. In addition, the these institutions also offers online MBAs in data science, business analysis, IT & FinTech, and information systems. Conclusion Keeping your employment while climbing the IT career ladder in the UAE requires diligent work, dedication, and a commitment to ongoing professional development. You can improve your career prospects and ascend the IT career ladder by taking advantage of learning and development opportunities, building professional networks, and acquiring new skills and abilities. Enrolling in online courses is one method to acquire the skills necessary for success in the fast-paced world of IT. Online Manipal is an excellent resource for IT professionals wishing to upgrade their skills and maintain market competitiveness. To advance your IT career, consider enrolling in an online course offered by world-class universities at Online Manipal. With our flexible and convenient learning models, you can advance your IT vocation while maintaining your current position. Key takeaways: Climbing the IT career ladder in the UAE can be difficult, particularly when attempting to reconcile work and career advancement. Online Manipal, a prominent e-learning platform, provides various industry-relevant, high-quality programs in data science, computer applications, and business analytics. These courses are designed to be interactive, flexible, and convenient, allowing professionals with demanding schedules to upgrade their skills and remain competitive while maintaining their employment.
Mental well-being – A necessity for continuous learning and upskilling In today’s business world, organizations require employees who are creative, vocal, and highly self-monitored so they can contribute continuously towards the achievement of organizational goals. It is clear that these characteristics of employees are helpful for an organization’s growth. However, these traits also involve different interpersonal risks, which need to be supported by the work environment to ensure that employees enthusiastically contribute to the work. Also read: What is the job market for online MBA graduates? Mental well-being for a conducive work environment To stimulate continuous learning and innovation in an organization, mental well-being is an essential requisite. It will ensure that employees present their opinions regarding the projects, processes, timelines, and work to their seniors and peers without any hesitation or fear. In a psychologically safe workplace, staff feels accepted and respected, and above all, they feel that they will not be chastised and embarrassed for speaking up their minds. With this kind of work environment, people do not worry about the negative consequences of communicating a novel idea or thought freely. Mental well-being at the workplace is the most important factor for building high-performance work teams that are driven by creativity. It is also considered as one of the factors for instilling innovativeness. A stress-free and pleasant work environment encourages learning from mistakes, employee engagement, team creativity, and transparency. Check out Skills and tools to become recession-proof Importance of continuous learning and upskilling It is a harsh truth that despite giving our best at work today and earning accolades for our performance, we still might not live up to the expectations of a company in 10-15 years down the line if we are not in the continuous process of learning. To stay updated and make a place in this highly competitive era, one must come up with something innovative and out of the box. For this, essential steps are to be taken to make one feel secure, so he or she can express their ideas. Knowledge enhancing and upskilling are the best ways to stay relevant in today’s cutthroat job market. Online courses are the best ways in which working professionals can skill up without having to quit their personal and professional commitments.
Fiscal policy of India – Budget 2023-24 In India’s parliament, the Union Budget for the financial year 2023-24 has already been presented. In this article, we’ll discuss the Indian Finance Minister’s stance on the country’s fiscal policy. While it has brought about significant improvements, just a handful of those modifications have been implemented so far. What is fiscal policy? Why is it important? A nation’s fiscal policy describes the means through which the government may collect and spend money. Taxation, public spending, and public borrowing are the mechanisms used to ensure that economic policy objectives are achieved. In other terms, the growth of the economy depends on the government’s income and expenditures for its continued survival. Capital expenditure refers to the funds spent by the government of a country to enhance, sustain, and expand the economy. The difference between the government’s total revenue and total expenditures is known as the fiscal deficit. The extended capital investment in the budget was a highlight, as it shows a 33% increase, a jump of 10 lakh crore, while registering a significant reduction in bank non-performing assets. This was observed with the increase in NPAs on the lower and improving banks. Compared to the present fiscal deficit rate of 6.4% of GDP for the fiscal year 2022-23, it is predicted that the fiscal deficit for the fiscal year 2023-24 will be 5.9% of GDP. Check out: Emerging trends in the BFSI industry Tax deductions as per the new tax regime The government obtains revenue from a variety of sources, including taxes and borrowings. The Individual Income Tax is anticipated to experience the most dramatic change. The following are the amended income tax brackets under the new tax regime: Governments get their funds through income tax, capital gains, and borrowing. 15% of the government’s total revenue comes from personal income tax, making it one of the main revenue streams. The government has continued to provide refunds on tax brackets. It is expected to provide an effective solution for controlling inflation and any kind of economic recession. Citizens will benefit from a decrease in income tax and an increase in capital expenditure as those with lower incomes will have more purchasing power and an improved quality of life. Also read: What does the career path of financial advisor look like? Pursue a career in the in-demand finance sector with an online degree from MUJ Finance professionals can better comprehend the finance policies and budget of the nation. Finance is one of the most crucial and in-demand sectors in the country and choosing a career in finance can be lucrative for anyone. While B.Com will be the most suited UG degree for finance aspirants, even students from other graduation backgrounds also can pursue a career in finance by taking up relevant PG degrees. These days, most students and working professionals are opting for online PG courses as they are treated at par with the on-campus degrees and are much more flexible and affordable. Manipal University Jaipur offers online PG degrees like M.Com, MBA in Finance, MBA in BFSI, and MBA in IT & Fintech, which are a great way for candidates to equip themselves with the knowledge and skills to become a successful finance professional.
Digital transformation in the world of Securities and Capital Markets This article will shed light on digitization in capital and securities market. How technological advancements are likely to open more avenues of revenues, drive up profitability along with highly efficient algorithms which will enable companies to analyze huge data at a much faster pace. The market regulator SEBI is taking steps to regularize and streamline the changes and protect the general traders and investors. Despite the risks involved, the Indian securities and capital market needs to adopt the technological changes and be in line with the global standards to attract new clients, capture new geographies and improve the quality of the industry and the market. Introduction The world is undergoing digitization at a rapid pace. The application of technology to create new software, business models, processes, and systems that result in increased efficiency, competitive dominance, more profitable revenues, high-performance IT systems, and highly efficient algorithms that allow for the exploration of large amounts of data is known as digital transformation. Data security issues are also particularly taken care of under data protection using more powerful sensors. Digitalization has manifested to be the global drift with an enormous sequel for economy, politics and society. As a result of digitalization, gainful employment and work-oriented society were the major concur for the transpose in the various other subareas. Future capital markets will be technologically enabled. The technologies such as AI, Cloud Computing, Big Data Analysis, and Robotic Automation are considered major technological forces in the current times. Companies need to adapt to technology before being pushed aside by new aged technologically advanced competitors. Existing operating strategies and the continuous usage of obsolete technologies will not help organisations stay afloat in the long run. Also read: Increase in demand for business education and non-tech jobs Major risks to be addressed by securities’ firms Digitization – A game changer for Indian securities and capital market The Indian capital market has come a long way from its inception in the nineteenth century, and today, it is considered to be in a good stage with a well-established framework. Financial products and services have become more available to a broader spectrum of customers thanks to the internet, which has also removed regional barriers. Previously, investors were completely influenced by their brokers, but today, they are actively involved in buying and sale of stocks over the internet. E-trading is saving time, energy, and money by allowing traders to access the market from anywhere at any time. The E-payment system, which is driven by expectations, has hit a new high with benchmark performance. Many economic experiments have been conducted, ranging from e-wallets to insurance technology, e-funding to Agrotech, and blockchain to cryptocurrencies. These financial innovations stepped forth with a firm economic base, ensuring that digitization becomes an inseparable part of our economy. Check out: How to make a career transition with online degree Conclusion Securities markets are going digital, and business processes are transforming. Accepting and adapting to the changes is the key. In this digital conversion, all securities markets’ members must partake their contribution. While clients require more online services, securities markets must contemplate the regulation strand of transformation, together with providing ways to use online services smoothly. This swap is providing immense opportunities for developing a broad range of services. E-trading has saved a lot of time, money, and energy as one can ingress the market anytime from anywhere. The rural purchasers can also access data and services smoothly and effectively through digital commerce. Creation of robust and prudent infrastructure for carrying out this activity of users though mobile gateway or online mode is required. An MBA in finance will help in acquainting yourself with extensive knowledge of securities and capital markets. The online MBA offered by the prestigious Manipal University Jaipur (MUJ) is at par with the on-campus MBA program and has a meticulously designed course curriculum. MUJ offers 13 popular and new-age electives to choose from. Candidates enrolled for online MBA from Manipal University Jaipur can benefit from the flexibility of the program schedule, exceptional teaching staff, course mentors, exhaustive-learning content, and placement training.
