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How our learners found their “Jigri Dost” in Online Manipal  

What is your perception of a Jigri Dost? It could be someone who celebrates your small wins and every step of your journey. It could be someone who challenges you to be your best self and pushes you out of your comfort zone. It could also be a person who inspires you to be a better person every day.   

If it is the right time for you to get a Jigri Dost to fulfill your career aspirations, the online degrees accessible on Online Manipal can be your perfect #DegreeDost. If you want your degree to become your Jigri Dost, then you should look no further than Online Manipal. We’re not saying this without any backing. Here’s a glimpse into how our learners found their Jigri Dost through our online degrees.  

Flexibility to study  

Muthukrishnan S, a media professional who is pursuing his dream of getting a master’s degree online MA JMC from Manipal University Jaipur on Online Manipal. He is a media professional looking to explore job opportunities in the digital landscape.   

“As a media professional aspiring to pursue my childhood ambition of obtaining a master’s degree, I faced challenges due to my family situation. Despite being unable to continue my education after completing my bachelor’s degree in engineering, I discovered that Manipal University Jaipur offered regular master’s degree courses in the online mode.   

Through Manipal University Jaipur’s dedicated faculty members, mentors and supportive peers, Muthukrishnan is confident of fulfilling his goal of becoming a media researcher. “I can proudly say I got a valuable #DegreeDost whose guidance and assistance is helping me navigate my journey toward completing my master’s degree while effectively managing my work and family commitments,” he says.   

Equipping industry-ready skills  

Another learner, Virkar Sujit Dadasaheb, who is pursuing his online BCom from Manipal University Jaipur on Online Manipal, is an ambitious student looking to enhance his skills and knowledge through this program.   

“I had completed my education from a well-known institute but felt the need to gain additional expertise to stay ahead of their peers in an ever-evolving job market. I came across Online Manipal which offers a wide range of online degree courses designed to cater to various industries and career paths,” he says.   

Intrigued by the prospect of acquiring new skills from a reputed institution like Manipal University Jaipur without the limitations of geographical constraints, Sujit decided to pursue his online BCom degree through Online Manipal. He is now able to enhance his professional growth to remain competent in the ever-growing job market. Sujit is fulfilling his dream of upskilling by choosing Online Manipal as his #DegreeDost.   

Read more to find out why Online Manipal was the top choice among our learners 

Quality education at an affordable price  

Meet Shaurya Kumar Yadav, who found his ultimate Jigri Dost in Online Manipal. With the desire to pursue an online degree from a premium university, his aspirations were dampened by exorbitant fees, but only until he came across Online Manipal.  

“Online Manipal has opened doors for individuals like me to obtain a bachelor’s degree from a renowned university. The tuition fees for the courses provided by Online Manipal are affordable compared to traditional colleges. This allows students to pursue a degree from a prestigious institution without shouldering a substantial financial burden. Moreover, Online Manipal provides various scholarships and financial aid programs to deserving students, further easing the financial strain of education,” he says.   

He is now receiving quality education from a renowned university without burdening his financial situation. The flexible payment options offered by Online Manipal have made his higher education dream into reality.  

Pursuing higher studies without career break  

This is the story of Ojha Pawan Premshankar, an enthusiastic learner and a working professional, who is pursuing his online MCA degree from Manipal University Jaipur. He is a dedicated professional looking to expand his knowledge in the tech field.   

“I actively pursued opportunities to gain valuable experience. Balancing work responsibilities and my desire to continue my studies was a challenge, but I was determined to find a solution. Thankfully, a close friend recommended Manipal University Jaipur, which turned out to be an excellent choice. Among the various distance learning options available, MUJ stood out for its affordability and unique offering of access to the Coursera platform. This invaluable resource allowed me to delve into multiple technologies, equipping me with essential skills for the future,” he says.  

The unwavering support from mentors at Online Manipal has allowed Ojha to manage his work and studies simultaneously.   

Watch this video to find out how our learners are benefitting from Online Manipal 

Wrapping up  

Our very dear learners have been able to fulfill their academic aspirations by making Online Manipal their ultimate Jigri, and #DegreeDost. Whether you want to pursue higher education without quitting your job, study at a premium university at an affordable price, upskill without a career break or pursue an online degree with flexible learning, Online Manipal can be your ultimate Jigri.   

Core subjects in a data science postgraduate program

A postgraduate degree in Data Science is a specialized course that offers students a thorough understanding of the theories, methodologies, and tools utilized in data science. The purpose of such a program is to provide students with the knowledge and abilities required to become skilled data scientists. Then, the students apply their knowledge and skills to solve real-world challenges.

Data science postgraduate subjects include mathematics and statistics, data mining, programming, machine learning, data visualization, big data, and business intelligence. Students will learn how to acquire, clean, and analyze massive datasets, as well as how to develop prediction models and explain their findings to non-technical stakeholders.

The present data science scenario has grown increasingly crucial as businesses across all industries acquire and generate massive volumes of data. This data/information gives significant insights into customers, markets, and operations, allowing businesses to achieve a competitive advantage.

Data science postgraduate program structure

Online Manipal offers two data science postgraduate program structures. We provide an M. Sc. in Data Science and a PG certificate program.

The following are the duration, format, and outcome of the M. Sc. and PG certificate programs in Data Science:

  • M. Sc. in Data Science
DurationFormatOutcome
The M. Sc. program will last 24 months and consist of four semesters. A candidate must devote approximately 15-20 hours per week.The classes will be held online, and once the course is completed, the candidate will receive a completion certificate.You will learn how to work effectively in groups, generate strategic and tactical recommendations, and use a perfect blend of machine learning, big data analytics, and statistics.
  • PGCP
DurationFormatOutcome
The PGCP in Data Science & Machine Learning will last 9 months and consist of four courses.The PGCP in Data Science and Machine Learning is a self-paced online instructor-led program that may be attended from anywhere. This Data Science postgraduate coursework will include 7 micro-projects, mentorship sessions, and two capstone projects.A candidate should be able to understand cutting-edge Data Science & Machine Learning techniques and tools such as database management and SQL, Python programming, data science statistical methodology, and so on.

Data science postgraduate curriculum

Data science is a new field growing in prominence by the day. The need for enterprises to translate data into insights is driving an increase in demand for Data Scientists. That is why a comprehensive curriculum is required for students.

The candidate will benefit from the curriculum in the following ways:

  • Opportunities for networking

Our data science postgraduate curriculum lets you communicate with people from other cities, states, or nations. Meeting new people from different places with different growth and professional mindsets extends your thinking capacity and offers insight into how your peers in the same field think. The extensive networking opportunity will benefit your academic growth and lead to career-changing prospects.

  • Exposure to recent resources

An advanced Data Science Certificate Program exposes you to recent data science resources, tools, and technology. The course makes such resources available online, allowing the learner to access them anytime and from any location. As a result, online courses are preferred by students.

Core subjects in the Data Science Postgraduate Program

  1. Machine Learning

Machine learning is an important and time-consuming language to master while studying data science because it covers many topics. It is a discipline of data science that uses vectors and arrays to make interacting with datasets easier and is also useful for researching neural networks.

  1. Data Mining

Data mining is locating hidden insights (information) in a database and extracting patterns from it. Data mining is an automated technique exploring vast databases for patterns humans may miss.

  1. Statistics

Statistics is a set of mathematical ideas and tools that enable us to answer critical data questions. It teaches fundamental statistics topics, such as probability, distribution, hypotheses, and the CLT (Central Limit Theorem) theorem. These topics are necessary for understanding statistics for data science.

  1. Data Visualization

Data science is a diverse subject with numerous applications. Although many believe that machine learning and its algorithms are the most important aspects of data science, this is not the reality. Data visualization is just as vital as any other aspect of data science, especially regarding practical application. It is the representation of data or information in graphical or pictorial form to communicate insights and findings effectively.

  1. Deep Learning

Deep learning is an important component of data science, covering statistics and predictive modeling. It is especially useful for data scientists who must collect, analyze, and interpret vast amounts of data, as deep learning accelerates and simplifies these processes.

  1. Natural Language Processing

Natural language processing is significant because it helps resolve linguistic ambiguity and gives helpful quantitative structure to data for various downstream applications such as speech recognition and text analytics.

  1. Business Intelligence

Data and business analytics are incorporated into business intelligence. BI assists users in concluding data analysis. It is a multi-disciplinary approach to analyzing, understanding, and interpreting vast and complex data sets, utilizing various tools, technologies, and methodologies. These tools may include data warehousing, data mining, reporting, and dashboards to gain insights.

  1. Big Data

Big data analytics helps businesses leverage their data and uncover new opportunities. As a result, companies make better judgments, processes are more efficient, profitability is higher, and customers are happier.

Data science postgraduate program requirements

  • M.Sc. in Data Science

Indian applicants must have a graduation degree with a prerequisite in Mathematics/Statistics/Engineering/Computer Science/Technology or any other subject. They must also have a minimum of two years of learning Mathematics or Statistics.

International students applying for M. Sc. in Data Science must have a graduate degree in addition to the criteria specified above for Indian candidates.

  • PGCP

An applicant applying for PGCP must have a minimum of 50% marks in Bachelor’s degree from a recognized institute and have math, statistics, or programming as a major subject.

Conclusion

In conclusion, the core subjects in a data science postgraduate program play a crucial role in providing students with a comprehensive understanding of the field. By studying these subjects, students have the skills to collect, process, analyze, and interpret large data sets to extract meaningful insights. Moreover, a strong grasp of the core subjects is essential for success in various data science specializations such as predictive modeling, visualization, and big data.

Postgraduates in data science will be well-prepared to explore several positions in the area, encompassing roles in industry, government, and academia, where they can utilize their skills to promote innovation.

Check out MAHE’s online M.Sc. in Data Science program, which will teach you relevant data science tools, hands-on applications, and techniques through industry case studies.

Key takeaways:

  • Data is a valuable asset to any firm. It assists businesses in understanding and improving their processes, saving time and money.
  • Data science is important to any organization in any industry. From statistics and insights throughout workflows to hiring new applicants, data assists senior employees in making better-informed decisions.
  • If you want to become a Data Science specialist, we offer the right courses.

Importance of advanced LMS for successful online learning

You have undoubtedly heard a lot about learning management systems even if you are new to the field of e-learning.This is because it is one of the fundamental tools upon which all online courses and training modules are assembled. Research suggests 90% of pupils favor online learning over conventional teaching techniques.

Advanced LMS is vital for successful online learning because it enables to build a consistent learning environment through centralized content. This article discusses the benefits and importance of e-learning experiences utilizing learning management system features.

Introduction to Learning Management Systems (LMS)

A learning management system is a web-based technology used to organize, carry out, and evaluate a learning procedure. It is utilized for online learning procedures and consists of two elements in its most fundamental form: a server that regulates the essential operations and a user interface (UI) that teachers, learners, and administrators regulate.

An LMS gives a teacher a tool to develop and deliver curriculum, track student involvement, and evaluate student performance. It also gives students access to interactive elements like discussion boards, video conferencing, and threaded discussions.

Benefits of Using Advanced LMS for Online Learning

Learning management systems benefit various organizations, including higher education institutions and businesses. The online learning platform comparison and function vary depending on the organization’s training approach and goals.

  • Customization Possibility

A learning management system may be tailored to your institution’s unique teaching requirements. You may give personalized attention to each user with reminders, alerts, restricting tries, authentication, and more, and develop tailor-made courses for distinct classes. Personalization is also possible by putting photos, logos, and messages within the courses.

  • Interactive Education

Students are encouraged to express themselves openly in an online learning environment, helped by a user-friendly learning administration system. They can establish relationships with peers for educational objectives, exchange ideas, and work together on various assignments. Additionally, communication between teachers and students can be facilitated through integration with other platforms like live chat.

  • Flexibility in the Classroom

Online learning with a learning management system (LMS) empowers instructors to be creative with various pedagogical models, unlike traditional classroom-based teaching, where the teachers adhere to a predefined teaching technique. They can use strategies like blended learning, flipped learning, storytelling, gamification, quick learning, and social learning while using.

  • A centralized Pool of Information

One of the key advantages of employing a LMS for corporate or educational institutions is the creation of a centralized and unified repository of educational data. Using compatible devices, students can access all course materials at any time, from any location, and various locations. By doing this, the administrative cost of managing instructional materials spread across multiple places is reduced.

Features Of An Advanced Learning Management System  

A learning management system often allows an instructor to design and distribute curriculum, monitor student involvement, and analyze student performance. LMS features include interactive elements like threaded conversations, video conferencing, and student discussion boards.

  • Tracking of Data

By following a learner’s progress through saved data, learning professionals can better comprehend how the courses and learners function. This enables professionals to track better and plan their learning initiatives. The training process can move more quickly when instructors can see where students need to improve their skills or where they are succeeding.

  • Individual User Experience

A capable learning management system for corporates should offer information depending on a learner’s history with the program and its function to promote greater adoption. Users will be able to prioritize areas for improvement thanks to adaptive exams and quizzes that consider a student’s success over the course.

  • Online Learning Journals

A learning management system should enable professionals to record the outcomes of offline assessments to bring this offline learning back online. This is accomplished through producing electronic records and the capability to update and tailor assessment checklists to the precise capabilities or skills that call for an evaluation.

  • Centralized Educational Resources

Learning management systems aren’t simply for online education or online learning platform comparison. It should be competent to store knowledge resources in one convenient zone, including jotted-down instructions, slide decks, and videos.

  • Hosting alternatives for security

Regardless of the LMS vendor, data security procedures need to be set up to guarantee that company data is secure. Single-tenant solutions can give you protection  while reducing your risk of data breaches.

Is online learning effective?

More About Online Manipal’s Learning Management System 

The objective of the Manipal Academy of Higher Education is to create a sustainable education ecosystem utilizing cutting-edge learning technologies that will facilitate students to boost their knowledge and skills in a virtual environment. To nurture our students’ with advanced and comprehensive learning, MAHE has spread its knowledge passageways to the student community by extending learning outside the typical classroom through Lumen.

To keep your online learning on track, Lumen offers an AI-powered nudge engine that sends reminders via SMS, WhatsApp, apps, and notifications. UNext Labs is a special online lab that allows you to learn various programming languages and practice cutting-edge technologies like blockchain, AI modeling, and the metaverse.

Online learning: Pros and cons of online education

Conclusion

An advanced learning management system (LMS) plays a pivotal role in the success of online learning. Its myriad benefits, including enhanced organization and efficiency, personalized learning experiences, and data-driven decision-making, empower educators and learners to thrive in the digital realm. The LMS streamlines administrative tasks, fosters engagement through personalized content, and provides valuable insights for continuous improvement. 

To experience the power of an advanced LMS firsthand, take the next step in your online learning journey and explore the offerings at Online Manipal. Visit our website today and unlock a world of knowledge and opportunities.

MBA after B.Tech: Is it a good idea?

An MBA (Master of Business Administration) program covers a wide range of subjects and teaches students various aspects of business and management. MBA programs focus on developing leadership skills and managerial competencies. Students learn principles of effective leadership, decision-making, organizational behavior, and team management. Many MBA programs offer courses on entrepreneurship, teaching students the fundamentals of starting and managing a business venture. But, is it a good idea to pursue an MBA after completing your BTech?

Benefits of pursuing MBA after BTech

MBA has emerged as one of the most preferred choices for BTech graduates today. Graduates who have completed their BTech can find a wide range of job opportunities in IT, e-commerce, BFSI, healthcare, education, and more. However, at one stage in your career it becomes important to learn key managerial and leadership skills, despite which industry you are working for. The perk of pursuing an MBA after BTech is that you can demand higher salaries straight away. Here’s how pursuing an MBA after BTech opens doors to a world of job opportunities. 

Enhance your managerial skills

MBA programs focus on developing leadership and managerial skills. BTech graduates learn effective communication, team management, problem-solving, decision-making, and strategic thinking. These skills are essential for managing teams, coordinating projects, and leading organizations. An MBA program equips BTech graduates with the ability to think strategically and develop business plans. They learn to assess market dynamics, identify competitive advantages, analyze industry trends, and formulate strategies to achieve organizational goals. This strategic mindset helps them become valuable contributors to the overall business strategy.

Improved career prospects

One of the greatest benefits of pursuing MBA after BTech is you can explore a wide range of lucrative career opportunities. Most multinational companies today hire candidates who possess a sound technical background with business management skills. Naturally, MBA graduates are in high in-demand in today’s job market as they are well-versed in the nitty-gritty of the business domain. 

Higher earning potential

With the increasing demand of MBA graduates, BTech graduates can pursue this degree to explore lucrative careers. It is a well established fact that engineers with MBA degrees usually command higher salaries. Candidates possessing both a B.Tech and MBA degree demonstrate a significantly broader understanding of business concepts and a higher level of competence compared to those without such qualifications. 

Launchpad for entrepreneurship

An MBA degree opens doors to your entrepreneurial journey. Many MBA programs offer courses in entrepreneurship and innovation. This exposes BTech graduates to the principles of starting and managing their own businesses. They learn about opportunity assessment, business planning, market analysis, financing options, and risk management. This knowledge can empower them to pursue entrepreneurial endeavors or contribute to innovation within existing organizations.

Personality development

Along with building management skills, MBA graduates also develop a host of soft skills like effective communication, presentation skills, organizational skills, leadership skills, and more. By enrolling in an MBA program, students can enhance their confidence levels, preparing them to face real-world challenges.

Different kinds of MBA engineers can pursue

Regular MBA

This is the most common type of MBA that is offered in India and it can be the right choice for students who are willing to invest in a two-year full-time course. This MBA is a preferred choice for fresh graduates, as they have the time to attend regular classes, unlike working professionals who cannot attend college everyday. 

Online MBA

An online MBA program is more or less a virtual replica of an on-campus MBA program. Online MBA programs are UGC-entitled and some universities are also NAAC accredited. Online MBA programs are more affordable, flexible and convenient. Learners can study at their convenience, progress at their own pace and explore varied career opportunities after completion of the program. Online MBA is the most preferred choice for working professionals who want to upskill or advance in their careers without quitting their job.

Distance MBA

Distance MBA is a two-year long correspondence master’s program, where candidates can study remotely at a convenient time. In distance MBA, the program is delivered in a hybrid format, where learners may have to attend physical classes during weekends. Study material would be given to them, and they can choose to learn at their own pace. In distance MBA, students will be allotted dedicated centers to appear for examinations. 

Part-time MBA

In part-time MBAs, candidates take classes outside of business hours, either in the evenings or during weekends. This MBA is a preferred choice for employees working full time and yet don’t hold leadership positions in organizations. Part-times usually have under 8 years of experience, and aim to move up the career ladder after completing the MBA program. The main challenge for part timers is managing to go to the office and attending college. 

Executive MBA

The Executive Master of Business Administration (EMBA) shares similarities with a standard MBA program, but it is specifically designed to cater to the requirements of corporate executives and senior managers. Generally, EMBA participants possess a minimum of 8-10 years of professional experience. The primary objective of EMBA programs is to augment domain expertise and address knowledge deficiencies.

Eligibility to pursue MBA after B.Tech

  • Engineers who want to pursue MBA in India must take up common management examinations such as CAT, MAT, XAT, GMAT, etc, depending upon the requirement of the university they are applying for
  • A minimum of 50% aggregate marks from recognized universities 
  • Some universities and institutes require minimum work experience to be eligible to apply for an MBA program. 

Check the eligibility criteria to study an MBA

Job prospects for BTech students after MBA

BTech graduates who have completed their MBA can choose to pursue diverse career options depending on the domain they have expertise in. Here are some of the top job roles engineers can pursue after MBA.

  • Financial Analyst
  • Operations Manager
  • IT Manager/ Consultant
  • Data Processing Manager
  • Business Analyst
  • Data Scientist
  • Product Manager
  • Human Resource Manager
  • Management Consultant
  • Entrepreneur

Top companies hiring BTech graduates with MBA

  • Microsoft
  • JP Morgan 
  • Goldman Sachs
  • Mckinsey & Co
  • Amazon
  • Flipkart
  • Deloitte
  • Citi
  • Genpact
  • Adobe

Conclusion 

Pursuing an MBA after completing a BTech degree offers numerous advantages for graduates. It provides a unique blend of technical and managerial skills that are highly sought after in today’s competitive job market. By combining their engineering background with business knowledge, BTech graduates can position themselves as versatile professionals capable of bridging the gap between technology and management. 

If you are looking to pursue an online MBA from a premium university, the Online Manipal can be the right pick for you. Get access to online MBA programs offered by Manipal University Jaipur, Manipal Academy of Higher Education and T.A. Pai Management Institute (TAPMI). Choose an MBA program that suits your schedule and explore a wide range of career opportunities. 

BCA Course Details: Syllabus, Fees, Careers [2024 Updated]

What is a BCA course?

BCA, which stands for Bachelor of Computer Applications, is an undergraduate degree program centered around the realms of computer science, software development, and computer applications. Through BCA programs, students acquire a well-rounded comprehension of computer systems, programming languages, algorithms, software development methodologies, and database management. These courses equip individuals with the necessary knowledge and skills to excel in the dynamic field of technology and its diverse applications.

Modes of doing BCA course

There are multiple modes of pursuing a BCA degree, depending upon your schedules and commitments. 

Regular BCA

Students enrolled in the full-time regular mode of BCA dedicate their time solely to their studies and attend lectures, practical sessions, and other activities as per the prescribed schedule. This mode allows for immersive learning and interaction with faculty and peers.

Distance BCA

Distance BCA degree is a hybrid format, where learners can study remotely. Students can study at their own pace, but they might have to attend physical classes once in a while. Distance BCA programs suit the schedule of professionals who want to study without quitting their jobs. 

Online BCA

With online BCA, students can pursue their studies without the need for regular physical attendance at a college or university. In this mode, coursework and study materials are provided through online platforms, and students have the flexibility to learn at their own pace and convenience. 

What is an online BCA?

An online Bachelor of Computer Applications (BCA) degree is similar to that of an on-campus program, except that the program is offered in the online mode. One of the most popular undergraduate degree programs, an online BCA degree is flexible, accessible, and affordable when compared to a traditional on-campus degree. If you want to build a career in the IT sector, an online BCA degree is the perfect choice. 

Is Online BCA valid in India?

Yes, online BCA degrees are valid and credible in India. Online BCA are UGC-entitled and are accepted by government organizations and institutions. Recruiters today value online BCA degrees just like on-campus ones.

BCA course structure

The online BCA degree is a three-year undergraduate program divided into six semesters. The course curriculum is similar to that of any regular BCA degree. The program covers key concepts like programming languages, data structures and algorithms, database management systems (DBMS), computer oriented numerical methods, system software programming and more. Through Manipal University Jaipur’s online BCA program, you will also get to learn tools like Oracle, SQL, VisualStudio, Eclipse and more. 

Benefits of pursuing online BCA

An online BCA degree is equally valued as an on-campus degree. The online BCA degree offered by MUJ is UGC-entitled and offers flexible learning opportunities. Here are the benefits of pursuing an online BCA degree. 

Recognition & accreditation

The online BCA degree offered by Manipal University Jaipur, which is a NAAC A+ accredited university, is UGC-entitled. The degree is valid and credible worldwide. Employers these days value an online degree equivalent to an on-campus degree. 

Flexibility & accessibility

You can pursue an online BCA degree from the comfort of your home, or while traveling. You can study at your own pace and access e-learning material anywhere, anytime. With Online Manipal, you can attend live classes or access recorded sessions anytime. If you’re a working professional, you can pursue an online BCA degree without quitting your job. 

Affordability

Our online BCA program is affordable, when compared to an on-campus degree, so you don’t face cost as a barrier.

Enhanced digital learning platform

Through Online Manipal’s enhanced learning management system, you can interact with peers and faculty through live classes and discussion forums. You can access 1000+ hours of cutting edge tutorials and learn with online quizzes and practice tests.

Access to current technology

Pursuing an online BCA from MUJ gives students the opportunity to gain hands-on experience with the tools like Oracle, Visual Studio, Eclipse, MySQL and more. 

Job opportunities and career growth

BCA graduates can explore a plethora of job opportunities, especially in the IT sector. You can explore top job roles like software developer, software engineer, programmer, systems analyst among others. 

To know more, read the difference between online BCA and offline BCA

Eligibility to apply for MUJ’s online BCA program

Indian students

  • 10+2 from a recognised National or State board institution, or
  • 10+3 diploma from a recognized national or state institute
  • At least 45% marks in aggregate in 10+2 / Diploma (40% for reserved categories)

International students

  • 10+2 / intermediate / senior secondary from a recognized board, or an equivalent qualification as recognized by the Association of Indian Universities, in any discipline with at least 45% marks in aggregate
  • Candidates who have completed their 10+2 or graduate level education outside India must produce a certificate of equivalence issued by the Association of Indian Universities. 

Click here to know more about the online BCA course curriculum.

Top jobs for BCA graduates in 2023

Software Developer

The role of a software developer involves designing, developing and testing software applications for computers. They use their knowledge of programming languages to design software programs. They are also responsible for troubleshooting, debugging and improving existing software. The average salary of a software developer in India is INR 5.5 LPA, which depends on the experience of the professional and the company you are working for.

Systems Analyst

System Analysts maintain and improve computer systems according to the business needs of organizations or clients. They develop specifications and requirements for developers and programmers. They are also responsible for troubleshooting business applications, organizing requirement specifications and implementing best practices for system performance. The average salary of a systems analyst in India is INR 6.3 LPA

Web Developer

A web developer develops software solutions and web applications by designing and building websites. They identify bugs and create effective solutions. They are responsible for developing or validating test routines to ensure the quality of internal and external interface. The average salary of a web developer in India starts from INR 3 LPA- INR 4 LPA, and increases further with experience and organization. 

Full Stack Developer

Full stack developers work on both front-end and back-end development processes. They test software and ensure the responsiveness of applications and sometimes work with data scientists to improve software. The average salary of a full stack developer in India is INR 5.5 LPA.

Data Scientist

A data scientist collects large amounts of data and analyzes it using statistical and programmable skills. They have a wide range of technical competencies like coding, databases, machine learning and more. They coordinate with various functional teams and monitor outcomes. The average salary of a data scientist in India is INR 10 LPA.

Cybersecurity Expert

The major role of a cybersecurity expert is to provide security to an organization’s IT systems. They are responsible for discovering risks during software developments, monitor network data and ensure software and hardware applications are updated. They conduct periodic audits to determine security violations and inefficiencies. The average salary of a cyber security expert in India is INR 11 LPA.

Conclusion

Pursue a flexible and affordable online BCA degree from Manipal University Jaipur, which is a NAAC A+ accredited university. Learn on-the-go through an enhanced digital learning platform and study at your own pace. Our online program also offers free access to Google Cloud Computing Foundations curriculum that introduces you to the breadth of cloud technology. Enroll now to explore lucrative career opportunities. 

Other related articles:

How Google Cloud Computing Foundations helps BCA students

Why pursue an online MCA after BCA

Ways to improve your interview skills – How placement training helps

In today’s corporate world where there is cutthroat competition in the job market, having the required education isn’t enough to land a job. Companies are putting more and more relevance into the interview process to assess individuals’ abilities, potential, and cultural compatibility within their organization. As a result, perfecting interviewing skills is essential for individuals who want to stand out from the crowd. Placement training is one efficient approach to do this. Placement training provides people with the skills and strategies they need to master interviews, thereby improving their chances of getting the job of their dreams. In this article, we’ll look into how placement training might help people succeed and examine numerous methods for enhancing interview abilities. 

Also read: Strategies for overcoming placement-related anxiety

Top ways to improve your interview skills

Some of the ways you can improve your interview skills are provided below:

  • Research and preparation: Researching and preparing for interviews is one of the key aspects of enhancing your interview abilities. It is important to research the firm, its goals, values, services, and most recent successes before appearing for an interview. With this information, applicants can better match their replies to the company’s aims, exhibiting their fit in the organization while also demonstrating their interest. Placement training gives individuals advice on the crucial elements to concentrate on during preparation and assists in the development of efficient research skills. 
  • Mock interviews and feedback: Mock interviews are a great approach to improving your interviewing abilities. Mock interviews are a key component of many placement training programs. Candidates can experience the interview setting through these simulations, practice responding to typical interview questions, and get helpful feedback. Individuals can learn about their skills and limitations, improve their replies, and build confidence in their abilities to manage real interviews by taking part in mock interviews. 

Also read: The role of career guidance in helping students achieve their professional goals

  • Building up effective communication skills: Effective communication skills are essential to successfully crack an interview. Interviewers look for applicants who possess certain qualities, including the capacity to explain ideas clearly, think logically, and answer questions clearly. Placement training provides training on strengthening communication abilities, including expanding vocabulary, engaging in active listening, and displaying the right body language. These abilities not only help you respond to questions well, but they also help you connect with the interviewer. 
  • Developing a personal brand: It is crucial to set oneself apart from other applicants in today’s competitive employment market. Making a personal brand for oneself could help a person stand out in interviews. Placement training helps individuals to recognize their distinctive talents, abilities, and experiences while assisting them in developing a strong personal brand. This entails presenting accomplishments, exhibiting one’s capacity for problem-solving, and showcasing relevant competencies that fit the desired employment role. Candidates are better able to make a positive impression on interviewers by having a distinct personal brand. 
  • Handling behavioral questions: Interviewers commonly examine a candidate’s prior experiences and responses to certain situations with behavioral questions. Candidates receive techniques from placement training programs to answer these types of questions successfully. Candidates who master the STAR (Situation, Task, Action, Result) approach can organize their replies, give concrete examples, and show that they can deal with difficulties and produce desirable results. Irrespective of the candidate’s existing job experience, placement training emphasizes the value of displaying transferrable abilities through behavioral questions. 
  • Navigating technical interviews: In technical interviews, applicants are assessed on their practical knowledge and problem-solving skills. Placement training programs provide advice on how to prepare for technical interviews, including reviewing pertinent ideas and working through case studies. These programs give applicants access to tools and practice exams so they can become comfortable with the kinds of questions they could be asked, giving them the confidence they need to go into technical interviews. 
  • Building confidence: Making a good impression during interviews depends primarily on confidence and proper body language. Placement training lays a strong emphasis on the value of displaying confidence by keeping eye contact, sitting up straight, and speaking with conviction. Additionally, candidates receive training on how to deal with anxiety and nervousness, enabling them to stay collected and peaceful during the interview process. Placement training programs assist applicants in making a positive impression on interviewers by boosting confidence and demonstrating appropriate body language methods. 
  • Being aware of industry trends: Individuals must keep up with the latest industry developments and current events to successfully crack an interview. Employers frequently evaluate a candidate’s sector expertise and knowledge. Placement training allows participants to keep up with industry news, technical developments, and new trends. Candidates can exhibit their enthusiasm and dedication to professional development by showcasing a thorough knowledge of the field and the ability to converse on pertinent subjects. 
  • Emotional intelligence and cultural fit: Employers evaluate candidates for more than just their technical abilities and credentials; they also consider how well they would fit in with their organization’s culture and emotional intelligence. Placement training puts a strong emphasis on educating participants on how to recognize and successfully control their emotions. It helps candidates to develop the ability to show empathy, work as a team, and gracefully handle difficult situations. Placement training programs often stress the significance of learning about the culture of an organization and its values in order to demonstrate your dedication and interest during interviews. 

Also read: Top qualities employers look for in candidates during placement interviews

Placement assistance provided by Online Manipal helps students prepare for interviews effectively

Reputed institutions such as Manipal University Jaipur, Manipal Academy of Higher Education and T.A. Pai Management Institute are now offering online courses through Online Manipal. Online Manipal provides various career and placement assistance services for all students enrolling in the online courses offered. Online Manipal aims to increase the employability of students by preparing them for the current job market. The placement assistance services include – employability assessments, skill-enhancement training, resume and LinkedIn profile building, mock interviews, virtual placement drives, and career counseling sessions.

Also read: Are you industry-ready? How placement training can help you stand out

Conclusion

In today’s competitive employment market, developing interview skills is a crucial step in landing a job. Programs for placement training provide people with the skills, strategies, and direction they need to prepare for interviews and master them. Placement training provides applicants with the skill set necessary to master interviews, from planning and preparation to honed communication abilities. In the end, placement training programs provide the skills and information required to succeed in the interview process, acting as a step towards realizing one’s professional ambitions. Enroll in your preferred courses through Online Manipal and start your journey towards a successful career ahead by building up your skills and abilities and preparing for future roles.


Also read: Importance of career readiness in online education: How placement drives can help

The impact of placement training on employability skills

Having the appropriate set of professional abilities is essential for anyone looking for job opportunities in the present-day competitive workforce. Employers prioritize individuals with employability skills in addition to appropriate qualifications. These talents cover a wide variety of competencies, including management, collaboration, interpersonal skills, and problem-solving. Numerous educational institutions and organizations have been implementing placement training programs to improve their students’ job prospects.

Also read: The role of career guidance in helping students achieve their professional goals.

Understanding employability skills

The abilities that allow people to get hired, stay in, and advance in the job are known as employability skills. They are necessary for finding employment as well as succeeding in a professional environment. While technical skills are exclusive to certain professions or businesses, employability skills are applicable to a variety of industries. Since they place a greater emphasis on personality traits than on technical knowledge.

The importance of employability skills

The development of an individual’s employability skills is essential for their professional success. They help with professional growth and work happiness in addition to improving one’s chances of landing a job. Employers want potential employees who are adaptable to changing situations, work effectively in teams, communicate clearly, and think analytically in today’s quickly changing work environment. Individuals who possess these abilities can succeed in their positions and favorably impact the performance of the organization. Additionally, employability skills are not restricted to a particular profession or sector, which makes people more flexible and versatile throughout their careers. 

Also read: How online learning bridges the skills gap and improves placement outcomes

Placement training and employability skills

Placement training encompasses the activities and programs created to improve students’ and job seekers’ employability. The purpose of these programs is often to close the knowledge gap that exists between academic disciplines and the demands of the workplace. They are typically conducted by colleges and universities, professional education facilities, or organizations. Placement training is focused on giving people the skills, knowledge, and perspectives they need to be successful in the job. 

Skill development: Programs for placement training provide participants with the chance to improve a variety of employability skills. Participants may improve the way they communicate, teamwork, management, problem-solving, and time-management skills via engaging seminars, hands-on activities, role plays, and simulations. Through exposure to real-world situations and challenges, individuals are able to obtain practical experience and form a professional perspective. 

Industry exposure: Programs for placement training frequently incorporate industry exposure components, such as internships, site visits, and guest lectures by industry professionals. People gain important insights about the working environment, marketplace standards, and current developments as a result of this exposure. Participants may better connect their expertise and experience with industry-specific criteria and practice, increasing their perceived value to employers. 

Networking opportunities: Programs for placement training encourage networking among students, instructors, and business people. A crucial part of professional growth is networking since it enables people to build relationships, learn about industries, and look into employment prospects. Through placement training, people may widen their professional networks, which can greatly improve their chances of finding employment. 

Confidence building: The growth of confidence is one of the key benefits of placement training. People gain confidence in their skills when they participate in a variety of activities and overcome challenges. Employers find them more enticing as a result of their increased confidence, which is shown in their job interviews, interactions in the workplace, and general professional demeanor. 

Personal branding: Personal branding and professional conduct are frequently stressed in placement training Programs. Participants gain knowledge on how to polish their resumes, write compelling personal statements, and carry themselves with assurance during interviews. These abilities are essential for impressing employers and distinguishing yourself from the other applicants. 

Realizing career aspirations: Placement training enables people to match their skill set and professional goals. Participants build ways to attain their professional objectives and get clarity about their aspirations through career counseling and coaching. Programs for placement training provide people with the tools and assistance they need to explore several career options, identify their strengths and limitations, and make decisions concerning their future. 

Also read: From student to professional: A guide to placement after an online course

The impact of placement training on employability 

Let’s examine how placement training impacts employability:

Enhanced employability: The improvement of employability is the primary benefit of placement training. Comprehensive placement training Programs give participants better preparation for adjusting to meet employers’ expectations. They are well-rounded professionals since they have a variety of employability skills in addition to the requisite technical knowledge. As a result, even in extremely competitive labor marketplaces, their chances of finding employment rise significantly. 

Competitive advantage: Placement training provides individuals with a competitive advantage over their contemporaries. Participants are viewed as more valuable assets by prospective employers since they possess a variety of employability skills. They stand out throughout hiring procedures by showcasing their capacity to significantly advance organizational objectives. People may stand out and position themselves as suitable prospects for work by having a solid foundation of employability skills. 

Smooth transition to the workplace: The change from a classroom setting to a professional environment is one of the difficulties new graduates and prospective employees confront. Courses for placement training assist people in navigating this shift by equipping them with the required abilities and information. Participants are more equipped to manage professional expectations, fit into organizational cultures, and interact and cooperate with coworkers in productive ways. This seamless transition leads to higher productivity and a quicker move into the workforce. 

Long-term career success: Programs for placement training not only emphasize short-term employability but also support long-term professional success. These Programs equip participants with a solid foundation of employability skills, laying the groundwork for future professional progress. The abilities gained via placement training are transportable and useful at all stages of a person’s career. People are able to adjust to shifting work functions, industry standards, and technology developments, assuring their long-term adaptability and professional promotion. 

Also read: The role of placement support services in bridging the job readiness gap.

Conclusion

By helping students and job seekers to develop their interview skills, creating compelling resumes and online profiles, and providing expert career guidance, placement training programs play a crucial part in improving their employability. Beyond securing a job right away, placement training has an influence on long-term professional performance.. People present themselves as appealing prospects for employers as they continue to make investments in their employability skills with placement training, boosting their chances of landing lucrative and rewarding professions. Online Manipal offers various placement assistance services such as employability assessments, skill-enhancement training, virtual placement drives and career counseling sessions to prepare students for the professional world and increase their employability. Enroll in an online course through Online Manipal and carve your path to success in today’s dynamic job market.


Also read: Importance of career readiness in online education: How placement drives can help.

Preparing for success: The key steps in placement training

In today’s competitive job market, you need more than simply a degree or certification to secure a job. Employers are seeking applicants that are equipped with the necessary abilities and are ready to get started from day one. Researching diverse industries, job functions, and new trends is required for this. Students can determine the skills and competencies that are in demand by researching industry-specific information, ensuring that they are well-equipped to fulfill employers’ expectations. By giving students the abilities and information to succeed in their chosen industries, placement assistance becomes an essential part in training them for the professional world. 

Also read: Why placement assistance is crucial for online students: Support and guidance in landing the right job

Key steps in placement training

Let’s examine the main steps of placement training along with how they might assist individuals in laying the foundation for success. 

Self-assessment: 

Every step towards achievement must begin with self-evaluation. The first step in placement training is to determine your strengths, limitations, and potential areas for growth. Spend some time analyzing your abilities, passions, and professional aspirations. Recognize what makes you stand out and the talents that employers in your field are looking for. This self-awareness will assist you in making sensible judgements and identifying certain growth areas during your training. 

Resume building: 

The first thing prospective employers will notice about you is your resume. It should be well-written, concise, and showcase your most important accomplishments. Placement training programs frequently include assistance in creating resumes, including pointers on layout, choosing content, and customizing your CV to certain job specifications. You can learn how to properly communicate your abilities and expertise on paper by attending workshops and role-playing interviews. 

Soft skills development: 

Employers prefer individuals with good soft skills in addition to technical talents. Soft skills such as leadership, problem-solving, collaboration, interpersonal skills, and time management are just some examples of how they can help you stand out in the workplace. Training sessions, seminars, and other activities are provided by placement training programs to improve these abilities. These activities aid students in developing effective teamwork, active listening, and both verbal and nonverbal communication skills. They also grasp the ability to deal with difficult circumstances, communicate their ideas clearly, and develop professional connections. Soft skills development offers chances to form relationships, practice good communication, and adopt a professional demeanor. 

Technical skills enhancement: 

For many work assignments, having a strong foundation of technical abilities is just as important as possessing soft skills. Courses that offer placement training provide specialized instruction to build technical abilities pertinent to the industry you work in. These programs offer practical instruction and hands-on experience with tools and technologies that are used in the domain, whether the subject is coding, statistical analysis, marketing tactics, or financial modeling. This improves both your employability and your confidence in using these skills in practical situations. 

Mock interviews and group discussions: 

Group discussions and mock interviews are common aspects of the placement process. Practice is essential for success in these domains. Mock interviews and group talks are held as part of placement training programs to replicate genuine interview situations. They provide you with helpful criticism of your performance, assist you in identifying areas for development, and give you the tools you need to ace these situations. In addition to boosting your self-assurance and lowering anxiety, these practice sessions prepare you for real interviews. 

Industry exposure and networking: 

Often sessions with guest speakers, industry tours, and networking gatherings are organized as part of placement training to help students gain significant insights into their industries. These opportunities allow students to network with professionals from numerous sectors, learn about current developments, and comprehend what prospective employers are looking for. Networking events are a great way to meet with recruiters, alumni, and industry experts and learn about new career prospects. Increasing your professional network can greatly improve your job prospects. 

Personal branding and online presence: 

A powerful individual brand and online footprint are essential in the digital era. Your social media presence can be improved with the help of placement training programs, and you will learn how to use websites like LinkedIn for interaction and job hunting. This step emphasizes how crucial it is to keep a good online reputation and successfully market your abilities and accomplishments to recruiters. 

Also read: From student to professional: A guide to placement after an online course

Online Manipal offers placement assistance services to make students job ready

Online Manipal has emerged as a reliable platform for students to enroll in online courses offered by respectable institutions such as Manipal University Jaipur, Manipal Academy of Higher Education, and T.A. Pai Management Institute. Online Manipal offers a wide range of essential placement assistance services to prepare students for the highly competitive job market. The wide range of placement services provided by Online Manipal includes – employability assessments, skill-enhancement training, virtual placement drives, career counseling sessions, industry readiness programs, interview preparation sessions, and professional mentorship. The carefully curated placement training program prepares students for the dynamic job market and equips them with the essential abilities to become successful professionals.

Also read: The role of placement support services in bridging the job readiness gap

Conclusion

Placement training is crucial in helping students get ready for success in the workplace. Students can acquire the skills, expertise, and confidence they need to stand apart in an increasingly competitive job market by following the crucial steps indicated above. A meticulous placement training program should include understanding the industry, developing abilities to compose resumes and cover letters, enhancing interpersonal and communication skills, acquiring technical knowledge, preparing for interviews, as well as acquiring real-world experience through internships. Keep in mind that placement training is to lay a solid foundation for a rewarding and successful career, not only to help you land a job. Accept the opportunities provided by placement training programs, make an investment in your personal development, and clear your way to success. Enroll in an online course through Online Manipal to prepare for success and launch your career in your preferred field.


Also read: How online learning bridges the skills gap and improves placement outcomes

How placement training can help you choose the right career path

Selecting a suitable career is a significant decision that may have a big influence on both a person’s professional and personal life. For students and young professionals newly entering the workforce, the process can be intimidating. However, placement training is a useful way to gain clarity and make judgements that are well-informed. The process of preparing people for the job market by strengthening their employability skills and giving them opportunities to engage with potential employers is referred to as placement training. It provides people with the resources and information needed to make wise professional decisions. 

Also read: Importance of career readiness in online education: How placement drives can help.

Ways placement training can help you choose the right career path

The article will examine the numerous ways that placement training can help people choose the best employment option. 

Understanding self and identifying interests 

Individuals get the chance to better grasp who they are and what interests them, which is one of the main advantages of placement training. People can discover their strengths, limitations, talents, and interests through various kinds of assessments. They get insight into their preferences and propensities for particular professional pathways through the self-evaluation process in placement training. 

Assessments of personality, aptitude, and job interests are a common component of placement training. These tools let people explore their personality traits, discover their inherent talents, and discover their hobbies. Understanding oneself better enables one to match their work choices with their natural talents and passions, boosting the chance of both employment success and satisfaction with one’s job. 

Exploring career options 

The exposure to a wide range of employment opportunities that placement training offers is another important benefit. Participants get the chance to learn about numerous job roles, industries, and professions through seminars, workshops and industry encounters. Individuals are better able to comprehend the demands, difficulties, and potential for advancement involved with various job roles because of this experience. 

Professionals from a variety of sectors are frequently invited to contribute their experiences and views in placement training programs. Individuals can learn useful knowledge about various businesses, career opportunities, and the abilities necessary to be successful in each profession through such exchanges. It enables students to investigate their areas of expertise and take into account potential career paths. 

Also read: The role of career guidance in helping students achieve their professional goals.

Skill enhancement and professional development

Placement training is essential for improving an individual’s employability skills and advancing their professional knowledge. Individuals can develop a variety of transferable abilities that companies greatly value through seminars, training sessions, and practice interviews. Placement training concentrates on fostering abilities, including critical thinking, teamwork, communication, and problem-solving. These abilities are essential in any field and greatly increase a person’s performance at work. By developing these abilities, individuals gain the self-assurance and capacity to take on a variety of professional challenges helping them to succeed in their chosen field of work. 

Industry exposure and practical experience

Placement training often provides chances for internships, industrial visits, and practical projects. These opportunities provide people with hands-on exposure to the working world and the chance to put their knowledge to use in real-life situations. By evaluating whether the working environment and the job requirements match their expectations, people are better able to make decisions regarding their career pathways. 

Networking and mentoring opportunities

Additionally, placement training gives individuals the possibility to network with influential people in their respective fields. People get the opportunity to meet with business professionals, ask for advice, and gain knowledge from their experiences through networking events, job expos, and mentoring programs. 

Individuals gain knowledge about market trends, employment requirements, and new prospects by networking. Mentorship programs also provide personalized assistance, advice, and direction from seasoned experts. The ability to explore professional possibilities, obtain access to employment prospects, and receive mentorship along one’s career journey can all be facilitated by these relationships. 

Exposure to industry trends and job market insights

Industry experts frequently give their opinions on current developments, market demands, and upcoming career prospects during sessions included in placement training programs. Through this exposure, individuals can keep up with changes in the labor market and make wise judgements regarding their future options. In order to make sure students choose a profession that is in line with future market demands, placement training allows students to find sectors and employment roles that have excellent development prospects. 

Gaining confidence and overcoming career-related challenges 

Overcoming self-doubt and failure anxiety is one of the major obstacles people encounter while selecting a career path. Programs in placement training offer a safe setting where people can hone their abilities, get constructive criticism, and learn from their mistakes. This approach fosters self-assurance, adaptability, and the capacity to manage difficulties that can develop in the workplace. It gives people the freedom to choose their careers without being limited by anxiety or self-doubt. 

Realistic expectations and understanding of job roles

Individuals are exposed to the reality of various job responsibilities during placement training, which helps them form reasonable expectations. They get the chance to learn about everyday responsibilities, working conditions, and difficulties related to various professions. With this knowledge, individuals can assess how well their abilities, passions, and personality traits match the requirements of a particular professional role. This can help them avoid making rash professional decisions based only on idealized ideas. 

Self-marketing and job search strategies

Along with enhancing skills, placement training teaches people effective job-search and self-promotional tactics. They get knowledge on how to build their personal brand, write captivating cover letters, and design appealing CVs. Placement training also offers advice on how to conduct a successful job search using networking, internet resources, and job portals. This information and useful advice considerably raise people’s chances of locating suitable work possibilities that fit their career objectives. 

Also read: The role of placement support services in bridging the job readiness gap

Placement training services offered by Online Manipal 

Prestigious institutions like Manipal University Jaipur and Manipal Academy of Higher Education offer various online courses through the digital platform of Online Manipal. Online Manipal provides a comprehensive placement training that allows students to choose the right career path and be successful in their professional careers. The various placement training programs offered by Online Manipal include – employability assessments, skill-enhancement training, virtual placement drives and career counseling sessions. Various industry readiness programs are also offered to students to prepare them for their respective industries. Students are guided with interview preparation and mentorship to help them crack interviews easily and land their dream jobs. 

Also read: Virtual placement drives: Breaking barriers for online students

Conclusion

A critical choice that needs considerable thought and in-depth self-evaluation is choosing the best career path. Placement training may be quite helpful in assisting people in making wise career decisions by giving them the resources, exposure, and support they need. When looking for advice on how to choose the best professional path, people can benefit greatly from placement training. Individuals can arrive at educated judgments, match their career choices with their skills and passions, and start on a rewarding professional path by taking advantage of the many possibilities and resources made available through placement training programs. Start your journey towards a successful career by enrolling in a course through Online Manipal.


Also read: Why placement assistance is crucial for online students: Support and guidance in landing the right job

Role of Data Science in Stock Market Trading 

Data science has transformed our economy. The best example of data science is the disruption it had on the Indian stock market. As one of the major segments of a country’s economy, the stock market has used this digital revolution to go from strength to strength. From analyzing market trends and predicting stock prices to identifying potential trading opportunities in the stock market, data science provides invaluable financial business intelligence. 

Read ahead to learn everything you need to know about data science and its significance in the stock market.

Role Of Data Science In Stock Market Trading

Data science is the study of data, primarily focusing on extracting insights and understandings and using them to make informed decisions. Here is some data science application that is critical in stock market trading.

Benefits Of Data Science In Stock Market Trading

With top-tier financial data analysis with data science, it is possible to make smart split-second investment decisions, protect existing portfolios, or even identify potentially fraudulent behavior. Let us check out some benefits of using data science in stock market trading:

  • Capital Market Insights In Real-Time

Traders and investors can combine historical data with the real-time movements of financial markets to predict patterns and refine their portfolio strategies based on whichever stock performance criteria they choose.

  • Algorithmic Trading

Algorithmic trades help rebalance investment portfolios automatically. For example, after analyzing a portfolio and allocating shares and bonds, it can sell stocks to purchase more bonds whenever the conditions are favorable.

  • Identify Fraudulent Behavior

By understanding the money (in the form of data) pattern, regulators may be able to identify which specific investors were able to make a profit from the price fluctuations and audit their accounts accordingly.  

Challenges And Risks Involved With Data Science In Stock Market Trading

Despite obvious advantages, data science has a few risks and challenges. Some of the risks are:

  • Fraud Risks

It would be wrong to completely underestimate the malignancy of results the fraudulent activities have the potential to cause. Fake accounts or identity theft are some frauds that may hinder the progressive nature of data science. 

  • Data Security

Integrating third parties, such as data scientists, can raise serious questions on permanent security and compliance with data protection regulations. It can lead to financial penalties and audits by regulatory bodies costing a fortune.

What Types Of Analysis Are Used In Stock Market Trading?

  • Predictive Modeling For Stock Trading:

Predictive modeling uses statistics, data mining, and artificial intelligence to analyze data and predict future outcomes and performance. It can help identify stocks that are undervalued or overvalued and identify potential earnings surprises.

  • Sentiment Analysis:

In the stock market, sentiment analysis has been particularly helpful in identifying trends, sentiments, and opinions of investors, which can then be used to predict stock price movements and identify trading opportunities.

  • Machine Learning For Stock Market:

Machine learning involves using self-improving algorithms to forecast the future value of stocks and other financial instruments. For example, machine learning algorithms such as classifiers and regression can help predict stock market fluctuation.

How does machine learning work in stock market trading {Infographics}

The machine learning algorithm – LSTM (Long short-term memory neural network) works in a three-step process.

  • First step: A sigmoid function decides which information should be removed from the cell during that time. 
  • Second step: The sigmoid function determines which values to allow through. Second, the tanh function assigns weightage to the items supplied, determining their relevance.
  • Third step: A sigmoid layer is run to determine which elements of the cell state make it to the output. And then, the cell state is put through the tanh function to determine the outcome.
  • Deep Learning:

Deep learning in the stock market helps to analyze large amounts of financial data and identify patterns that are not easily identifiable by humans but can be identified by Artificial intelligence. It can thus help predict stock prices, refine investment portfolio quality and reduce financial risks.

Tools Used For Data Science In Stock Market Trading

There are many tools that data science uses to predict ups and downs in the stock market and help investors build smart trading strategies. Some of the popular tools are:

  • Tableau: It helps to create impactful visualizations of stock data to identify opportunities and risks. For example, candlestick charts using Tableau can enable traders to perform price and volatility analysis in one view.
  • Splunk: A powerful platform, Splunk is used for big data collection and analytics. It is primarily used to derive insights from huge volumes of machine data.
  • Python: Python can help discover the best stock trading methods. It offers practical, predictive analytical insights into the dynamics of specific markets.

Learn Data Science From Top Faculty At MAHE

Nowadays, businesses have become all about analytics and metrics. And hence, data scientists can play a vital role in the organization creating stock market data science strategies and a clear picture of the health of a business. They can help leaders and executives make decisions supported by data to propel the company’s growth. A well-devised course in data science from MHAE can help and focus on upskilling to remain in demand in the industry. 

Conclusion

Data science applications in trading are becoming increasingly important as traders seek to use advanced analytics to gain a competitive edge in a complex and fast-moving market. Data scientists can identify potential opportunities and mitigate risks by analyzing vast amounts of historical and real-time market data. 

To thoroughly understand data science in finance and advance your skills in this field, consider enrolling in online courses offered by the Manipal Academy of Higher Education (MAHE) through their online platform, Manipal ProLearn. Visit our website to explore the range of data science courses available and take a step towards enhancing your knowledge in stock market trading.

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