Total quality management tools and techniques you should know In today’s competitive business climate, upholding rigorous standards is paramount to long-term success. Organizations may offer superior products and services, elevate client satisfaction, spare expenses, and boost overall productivity by implementing comprehensive quality management tools and techniques into practice. Thus, the relevance of quality has evolved into a fundamental principle across all industries and has driven up the need for qualified personnel with the ability to successfully execute quality management tools and processes. Gaining proficiency in these methods and tools unlocks the avenues to pursue rewarding jobs and opportunities for professional advancement. An MBA in TQM (Total Quality Management) provides a holistic development and opens up various opportunities in the field. Graduates are well-equipped to steer initiatives toward enhancing quality, guide cross-functional teams, and foster overarching organizational excellence. Acquiring an in-depth knowledge of quality management practices through specialized training offers various lucrative career opportunities in a continually shifting job market. Also read: Why choose an MBA in Total Quality Management? Importance of quality management Any organization aiming to deliver exceptional services and products while establishing a revered brand must prioritize quality management. Application of TQM in business leads to the below-listed upsides. Enhanced product or service quality: Organizations can identify and address breakdowns or flaws right away via stringent quality control procedures, eliminating issues in the finished product. Companies may foster trust and loyalty by continually exceeding customer expectations, which will promote repeat business and favorable word-of-mouth recommendations. Increased efficiency and cost savings: Quality management provides efficiency by optimizing operations, eliminating waste, and cutting down on slips. It is more economical to fix flaws and address consumer complaints when products and services are superior from the outset. Furthermore, smoother operations spurred on by productive procedures free up time and resources to ensure the organization can zero in on innovation and expansion. Regulatory compliance and risk mitigation: Quality management assures adherence to pertinent standards and rules for industries governed by regulatory regulations. Organizations that perpetually comply with these criteria avoid the legal and financial consequences of non-compliance. Furthermore, organizations can lower the risks of product recalls, liability lawsuits, and impairment to their brand’s reputation by proactively detecting and addressing any quality issues. Also read: What can I do with an MBA in Total Quality Management? Effective tools and techniques in quality management Effective tools and practices in quality management are essential to ensure the regular provision of high-quality offerings. Eight key TQM tools and techniques for MBA students are listed below, each with a brief description. Six Sigma: Six Sigma is a thorough and data-driven approach that strives to boost process efficiency by alleviating errors and variances. A defect prevalence of 3.4 parts per million (PPM) or less is normally the aim, with the emphasis being on obtaining a high level of process capability. The methodology uses the DMAIC (Define, Measure, Analyze, Improve, Control) paradigm to discover challenges, gauge process performance, dig into the causes, place solutions into place, and set up controls. Six Sigma equips businesses with the tools they need to make data-driven decisions that raise productivity, cut down on waste, and raise customer satisfaction. Pareto Analysis: The Pareto principle, frequently referred to as the 80/20 rule, asserts that a sizable fraction of issues are frequently brought on by a small number of underlying factors. A Pareto chart, which graphically displays the frequency or impact of numerous issues in descending order, is created as part of the Pareto analysis process. Organizations may effectively manage resources and address the core reasons causing the most profound impact on quality by emphasizing the most crucial components, which may culminate in significant improvements. Root Cause Analysis (RCA): RCA is a methodical process for uncovering the root causes of issues or flaws. It entails continually asking “why” to find the root of crises. Organizations can prevent reoccurring issues and improve the product’s quality and process productivity by targeting fundamental roots rather than merely symptoms. Techniques, including the 5 Whys, Fishbone Diagrams, and Fault Tree Analysis, are examples of RCA approaches. Kaizen: The Japanese concept of kaizen emphasizes the ongoing development of systems, goods, and services. It encourages employees across all ranks to routinely find and put into practice minor incremental modifications. This tenet fosters an environment of ongoing learning and provides teams with the autonomy to take responsibility for quality enhancement. These subtle modifications build up into substantial positive outcomes over time, enhancing productivity and client satisfaction. Control Charts: Control charts, commonly referred to as Shewhart charts/process-behavior charts, are visual aids for tracking the efficacy of processes over time. These graphs show data points paired with the upper and lower control boundaries generated from prior data. New data points that deviate from these bounds or display particular patterns indicate potential modifications in the process. Control charts assist organizations in identifying irregularities early, allowing for prompt corrective action and process stability maintenance. Fishbone Diagram (Ishikawa Diagram): This is a visual tool for investigating probable factors that could potentially be driving a particular issue or effect. The illustration mimics the skeleton of a fish, with the “head” standing in for the problem and the “bones” standing in for other groups of probable causes, including people, processes, tools, the environment, and materials. This method promotes team problem-solving and brainstorming while facilitating an in-depth analysis of all potential variables influencing quality. Statistical Process Control (SPC): SPC is a collection of statistical approaches utilized to monitor and regulate processes to ensure they adhere to predetermined bounds. SPC assists in identifying trends, variations, and irregularities that could result in flaws or non-conformance by gathering and analyzing real-time data while a process is being carried out. Employing SPC enables businesses for proactive measures to combat process deviations and resolve quality concerns before they escalate. Quality Function Deployment (QFD): QFD is an organized approach for translating customer demands and requirements into particular technical details and design elements. It makes sure that the finished good or service meets customers’ needs by establishing a matrix that matches consumer expectations with organizational capabilities. QFD promotes cross-functional cooperation and customer attention during the development process leading to products that precisely satisfy customer needs and display higher levels of quality. Also read: What will you learn in an MBA in Total Quality Management? Master key quality management tools and techniques with an MBA in Total Quality Management The pursuit of an MBA in Total Quality Management (TQM) provides a transformative learning opportunity while offering learners a broad range of quality management tools and practices. Students explore the foundational ideas of TQM throughout the curriculum, comprehending its importance to accomplish operational excellence and client fulfillment. The curriculum places considerable value on thorough instruction in several quality improvement approaches, including Six Sigma, Kaizen, and Total Productive Maintenance (TPM). The tools of statistical analysis and data-driven decision-making are additionally presented to participants, allowing them to recognize process disparities and make data-supported adaptations. Additionally, the MBA in TQM places a strong emphasis on change management abilities, preparing graduates to successfully lead quality projects and support a culture of constant enhancement. The program also promotes practical application via real-world scenarios and case studies, giving participants a chance to refine their execution skills for quality management initiatives. Also read: Top 10 reasons to choose an online MBA in Total Quality Management Pursue an online MBA in Total Quality Management from the prestigious Manipal University Jaipur The acclaimed Manipal University Jaipur (MUJ) delivers an online MBA in TQM (Total Quality Management) through Online Manipal for driven individuals seeking careers in the domains of quality management. Participants acquire a comprehensive grasp of TQM principles, enabling them to boost organizational effectiveness, raise customer satisfaction, and gain an edge over their peers. Flexibility, an industry-focused curriculum, and the globally acknowledged MUJ certification are among the program’s primary perks, all of which substantially expand career possibilities. Students enrolling in the program will also have free access to Coursera’s courses. The university also offers flexible methods for paying fees and one can choose to use simple, cost-free EMIs or apply for various scholarships. Also read: Top careers in quality management in India and abroad Program duration: 24 months – 4 semesters (Maximum duration 4 years) Program fee: INR 1, 66,000 (INR 41,500 per semester) EMI options: Starting at INR 6,917 per monthg The following are some essential Quality Management concepts you’ll learn in the MBA in TQM: TQM tools and techniques Understanding ISO 9001 Managing quality in the organization Quality Standards and Models Quality concepts tasks and development Foundation of Quality Management Quality in Service Industries Statistical Process Control Program eligibility: Candidates should have a 10+2+3-year bachelor’s degree from an accredited institution or a degree of comparable level acknowledged by the AIU (Association of Indian Universities). Candidates need to have at least 50% overall aggregate in their undergraduate degree program (45% for reserved categories). Candidates are required to clear the online aptitude test administered by MUJ as per the application procedure. Candidates who have passed any aptitude examination (CAT/MAT/CMAT/XAT/GMAT) with an acceptable score (40 percentile) need not take the aforementioned exam. Conclusion An organization’s success or failure heavily relies on its standard of quality, delivering the highest quality products to customers while cutting production costs and waste at the same time. The management of a corporation is also responsible for waste control, quality management, and assurance of quality. Total Quality Management is becoming more and more significant in direction and every organization will place more emphasis on quality control and management in the future. Individuals can seize new chances by earning an online MBA in Total Quality Management from MUJ.
The dynamic interplay between social media and globalization In an increasingly interconnected world, the advent of social media has revolutionized the way we communicate, share information, and interact. Social media platforms have transcended geographical boundaries, reshaping the landscape of globalization in profound ways. This blog explores the intricate relationship between social media and the impact it has on the process of globalization. Check out: Role of social media in education Impact of social media on globalization The global reach of social media: One of the most remarkable aspects of social media is its ability to transcend physical borders. People from diverse corners of the globe can connect instantaneously, sharing experiences, thoughts, and cultures. This instant connectivity has accelerated the pace of globalization, fostering a global community that transcends traditional limitations. Cultural exchange and diversity Social media acts as a virtual melting pot where cultures, languages, and traditions converge. Users have the chance to learn about customs and practices from around the world, fostering cultural exchange and understanding. This exchange not only enriches personal perspectives but also promotes empathy and tolerance on a global scale. Information dissemination at the speed of light The speed at which information spreads on social media has transformed the way we receive news and stay informed. News stories, trends, and events can go viral within minutes, reaching audiences far beyond their geographical origin. This immediate dissemination of information has challenged traditional media and allowed marginalized voices to be heard on a global stage. Amplifying social movements Social media has proven to be a powerful tool for activism and social change. Movements such as the Arab Spring, Black Lives Matter, and climate activism have gained momentum through social media platforms. Hashtags and viral challenges galvanize global attention, mobilizing individuals and generating awareness of important issues. Economic impact and business expansion Globalization isn’t just about culture and activism; it also has significant economic implications. Social media has enabled businesses, regardless of size, to reach international audiences. Entrepreneurs can market their products and services globally, connecting with consumers in ways that were previously unimaginable. Language and communication Language barriers used to hinder effective global communication. However, social media platforms offer translation tools and algorithms that make it easier for users to communicate across languages. This fosters cross-cultural dialogues and enables collaboration on a global scale. Challenges and caution While the impact of social media on globalization is overwhelmingly positive, there are challenges to consider. The rapid spread of misinformation and fake news, cultural appropriation, and the potential for surveillance and privacy breaches are real concerns that must be addressed to ensure the responsible use of social media on a global scale. Check out: Is social media marketing a good career option? The future of globalization in digital age In this digital age, the intertwined relationship between social media and globalization continues to evolve. As technology advances, we can expect even more innovative ways for people to connect, collaborate, and contribute to the global community. Social media’s role in shaping the future of education, diplomacy, business, and cultural exchange is bound to grow exponentially. In conclusion, social media has transformed the landscape of globalization, enabling us to communicate, learn, and engage with the world like never before. It has dismantled barriers, fostered understanding, and empowered individuals and communities to drive positive change on a global scale. However, it’s crucial that we navigate this digital landscape responsibly, ensuring that the benefits of social media are harnessed while addressing its challenges. The future of globalization is undeniably intertwined with the evolution of social media, and the possibilities for a more connected world are both exciting and limitless. Top of Form Check out: Popular trends in digital marketing Social media – An effective marketing tool Social media serves as a potent marketing platform due to its wide reach, targeted audience engagement, and real-time interaction. The online MBA in marketing from Manipal University Jaipur comprehensively covers critical marketing concepts. It equips students with the knowledge to strategically employ social media for marketing purposes. The program delves into understanding consumer behavior, crafting compelling content, analyzing metrics, and devising data-driven strategies. By incorporating case studies and industry insights, Graduates emerge equipped to navigate the dynamic digital landscape, developing skills to create impactful marketing campaigns and ensuring a successful career in the field. Also read: How to start a career in performance marketing
Online MBA doesn’t require CAT or MAT scores If you’re interested in pursuing an MBA online but haven’t scored a good percentile in the entrance exams like the MAT or CAT or haven’t registered for them, this article will assist you and provide information on what is necessary for an online MBA as well as the top colleges that offer online MBA without a MAT or CAT requirement. The online MBA is one of the greatest programs for professionals in the workforce because it offers admission without the requirement to take entrance examinations like the CAT or MAT. Various universities are offering online MBA courses in India. The best candidates for this program are individuals who are currently employed and want to continue working while obtaining a master’s degree. An online MBA can help you develop all the abilities and skills needed to excel in the management sector. A working professional can learn about strategic decision-making, the foundation of business management, and many other skills by enrolling in online MBA programs. You can also check out, How can an online MBA help working professionals? The sole distinction between an online MBA and a standard MBA is that classes can be taken at home instead of on campus. Professionals should take an online MBA program since it allows them the flexibility and time to work and study simultaneously. Compared to individuals doing a traditional MBA, the candidates save money on relocation and lodging expenses. What is the eligibility for an online MBA? Continue reading to get a good sense of the eligibility requirements for an online MBA, which are listed below. Graduation is one of the fundamental educational requirements for enrollment in any of the online MBA programs. The required minimum aggregate varies between institutions. This needs to be done by a reputable university in any discipline. Candidates may apply for online MBA programs even if they are in their final year of graduation or working. Applicants from the General Category (UR) must receive a minimum of 50%, and candidates from the Reserved Category (SC, ST) must receive a minimum of 45% to qualify. Candidates with prior work experience will have a better advantage. A person of any age can apply for an online MBA. Also read: 10 best career options after an online MBA Top colleges that offer online MBA without CAT or MAT requirement If you’re seeking direct admission to the MBA program without CAT or MAT, you can have a look at the list of some of the colleges mentioned below. Let’s check out the MBA colleges without CAT or MAT requirements: Manipal University Jaipur: With an online MBA from NAAC A+ Manipal University Jaipur, you may advance your profession. No matter where you are, take live and recorded lessons. Learn whenever it is most convenient for you from the best-experienced instructors. The Symbiosis Centre for Distance Learning (SCDL): One of India’s largest independent distance learning schools, SCDL, has made rapid advancements in delivering top-notch education. Even though it only has one AICTE clearance, it claims to provide its distance learners with good placement options and provides an excellent online MBA program. IGNOU: To accommodate students who wish to enroll in an online MBA program but did not take the entrance exam, IGNOU (Indira Gandhi National Open University) has decided to grant admission to online MBA programs. The authorities established eligibility requirements must be met by interested candidates. The AICTE has approved the IGNOU’s whole online MBA program in its entirety (All India Council for Technical Education). NMIMS Global Access: The online MBA program offered by NMIMS Global Access (Narsee Monjee Institute of Management Studies) has received all necessary accreditations, including UGC-DEB, NAAC A, and a NIRF ranking. The university says it offers top-notch education and offers placement assistance for its online and distance learners. Amity University Distance Learning: • Amity University, which provides distance learning, was created by state legislators and the University Grants Commission (UGC). According to QS rankings, Amity Education Group is the largest private education provider in India and one of the top 200 institutions in Asia. Chandigarh University: This University offers you an online MBA program and has received clearance from the UGC. It is also a NAAC-accredited institution with an A rating. Additionally, the university has a high NIRF ranking and offers effective placement support. What makes Manipal University Jaipur’s online MBA program superior to others? Some of the features of Manipal University Jaipur’s online MBA program are listed below: It is designed for you to study effectively & get a career boost. They have an advanced digital learning platform. Candidates get insights from the top Industry leaders. They have many dedicated course mentors. They also assist in career counseling and placement. Course overview MUJ provides excellent mentoring, and the faculty highlights the importance of practical knowledge so you may confidently create your career path. The program introduces real-world case studies to aid in developing and honing your critical thinking skills. You can study the courses and complete them at your own pace. You can access your course materials anytime and wherever you want by navigating the enormous e-libraries. Attend seminars and lectures that fit into your schedule, whether they are live or recorded, and participate in discussions to enrich your knowledge. The course permits immersive learning as well as responsive, straightforward accessibility to online schooling. Online examinations and quizzes help keep your knowledge up-to-date. You may learn on the go and keep in touch with your classmates and professors via discussion boards and other resources. The mentors are experts in the discipline with valuable experience. The majority of the instructors are experts in the subjects they teach. They boost the value of good counsel and provide you with the confidence you need to firmly chart your road towards success. The faculty will help you communicate effectively in a society where self-assurance and communication are essential. Interested candidates can submit their applications together with identification proof, proof of eligibility, and personal and academic information on the official online platform. If more details are needed, an admissions counselor will get in touch with you. Once the applications have been reviewed for eligibility, the team will inform the selected candidates. If you are thinking, is the entrance exam necessary for MBA? Then the answer is no. You can enroll in an MBA program from MUJ and MAHE without an entrance exam. Both MUJ and MAHE provide MBA admission without the CAT exam. Check out: Why you should choose Manipal University Jaipur for online degrees? Online MBA electives provided by Manipal University Jaipur (MUJ) The MUJ’s online MBA program includes electives in Finance, Marketing, Operations Management, IT and FinTech, Analytics and Data Science, Human Resource management, International Business, Total Quality Management, Project Management, Supply Chain Management, and Information System Management. To know more, you can check out the MBA course guide: All you need to know. Manipal Academy of Higher Education’s (MAHE) online MBA program The online MBA program from MAHE has been created for working professionals looking to get into leadership roles in the expanding global economy. With the appropriate blend of technical knowledge, soft skills, and experience-based learning, this curriculum will equip students for managerial and leadership positions across sectors. Students will gain expertise in making expert business decisions through addressing business challenges, working in teams, making tactical and strategic recommendations, and managing businesses, processes, work, and people. Data Science, Business Analytics, Finance, Marketing, Information Systems, Human Resource Management, Fashion Management, Healthcare Management, Operations Management, and Pharmaceutical Management are among the specializations that are the best-suited MBA courses for working professionals. Governments, corporations, and institutions of higher education accept MAHE’s online degrees and certifications for employment, higher education, and career opportunities. Conclusion This concludes our discussion of the online MBA program without any entrance exams like the CAT or MAT. Due to the availability of numerous MBA specializations in the online MBA course, MBA aspirants can follow their preferred path while pursuing their degree from MUJ. The knowledge in this post should be helpful to you, and hopefully, you will be able to make the most of the information.
Best marketing jobs & careers to pursue in 2023 Marketing is among the most sought-after carers options today. The marketing sector is a vibrant and dynamic environment filled with exciting opportunities for career growth. Irrespective of which industry or sector you look for, marketing is a must. It allows you to convey a brand’s identity, mission, and offerings that make it stand out for competitors. In this blog, we uncover the most in-demand and sought-after marketing job roles that can help you explore lucrative career options. Best marketing job roles 2023 Here’s a list of top marketing job roles you can explore across sectors along with salaries. Product Marketing Manager The role of a product marketing manager involves crafting strategies aimed at showcasing products to prospective customers in manners that elevate profits and enhance brand identity. This involves the evaluation and examination of company products to grasp their functionality. They may also be responsible to convey product advantages or attributes in a clear and captivating manner, cooperating with design, development, and acquisition teams to adeptly market products, and leveraging prevailing market trends to position products triumphantly. The average salary of a product marketing manager in India is INR 21 LPA. Digital Marketer A digital marketer’s primary role involves growing a brand’s online presence, reaching target audience, and driving engagement and conversions. They use email marketing, affiliate marketing, SEO, social media, and analytics tools to analyze web traffic. They identify opportunities to improve website user experience and increase conversion rates. The average salary of a digital marketer in India is INR 9 LPA. Brand Manager Brand managers are architects of promotional strategies for businesses. Their primary aim is to expand the audience base and enhance brand recognition. Additionally, they might undertake tasks such as analyzing consumer behaviors and market patterns, defining a brand’s demeanor, manner, and expression, devising strategies that augment brand profitability and perception, as well as furnishing reports on product sales, market penetration, and the efficacy of campaigns. The average salary of a brand manager in India is INR 14 LPA. Chief Marketing Officer Chief Marketing Officers (CMOs) oversee the creation and execution of diverse advertising, marketing, and promotional campaigns. They usually hold the responsibility of evaluating and improving existing marketing endeavors, conveying marketing plans and outcomes to executive teams and stakeholders, and devising inventive strategies. The average salary of a chief marketing officer in India is INR 36 LPA. Marketing Analyst A Marketing Analyst is responsible for assessing and interpreting data to inform marketing strategies and decisions. They use data-driven insights to optimize campaigns, target audiences effectively, and contribute to overall business growth. They monitor the effectiveness of brand campaigns, measure key performance indicators like CTR, research about customer preferences, and concise reports and visualizations to communicate insights to stakeholders. The average salary of a marketing analyst in India is INR 10 LPA. Content Marketer A Content Marketer is an expert who crafts content aimed at captivating the audience of their employer or client. Their role includes generating content in various formats such as video, audio, print, or visual materials. Their primary emphasis lies in producing informative content that facilitates audience understanding and fosters a connection with the product or service. The average salary of a content marketer in India is INR 6 LPA. Top Digital Marketing jobs 2023 Digital marketing alone has plenty of job opportunities to offer, and here are a few to mention. Digital Marketing Manager A digital marketing manager oversees the operations of the digital marketing team. They must be familiar with digital marketing aspects, campaigns, affiliate marketing, performance marketing, and more in order to measure results. They oversee digital marketing campaigns and ensure marketing goals are met. The average salary of a digital marketing manager in India is INR 8.3 LPA. SEO Specialist An SEO specialist analyzes trends to implement the best search engine optimization process for company websites. They are a crucial part of the digital marketing team, since they focus mainly on greater brand visibility and customer reach. They focus on both on-page and off-page strategies, keyword research, and closely monitor web traffic. The average salary of a SEO specialist in India is INR 7.2 LPA. Email Marketing Manager An Email Marketing Manager promotes the company or brand by sending emails to customers who have subscribed to the company’s newsletter. These emails encompass digital marketing initiatives that inform customers about offers, promotions, and company updates. The average salary of an email marketing manager in India is INR 24 LPA. Social Media Marketing Manager A Social Media Marketing Manager manages the brand’s presence on social media and actively engages with the audience. They post engaging content on social media to voice out a brand’s message and tone. They also come up with social media campaigns aligned with their brand strategy to increase follower base and improve brand presence. The average salary of a social media marketing manager in India is INR 12 LPA. Read more: Why digital marketing is a hot career choice Top skills required for a marketing job A marketing job role requires a set of skills required to gain expertise in this field. Let’s take a look at the key skills required for a marketing job. Marketing strategy skills Marketers have to constantly develop strategies to improve their brand presence and awareness. Developing marketing strategies is a key responsibility for a marketer. Management skills Employers are looking out for professionals not just with marketing knowledge, but also skills like management, leadership, communication & project management. Digital marketing skills As a marketer, you must know to use basic tools like Google Analytics in order to measure how your website is performing. Content management Content writing and management is an essential part of marketing to get organic leads and drive organic traffic. As a marketing, it is important for you to possess basic content marketing skills to excel. Marketing career scope The scope of a career in marketing is vast and evolving, offering a wide range of opportunities across industries and sectors. Diverse industries Marketing is a fundamental aspect of almost every industry, including technology, healthcare, finance, entertainment, hospitality, and more. This means that marketers can find opportunities in various sectors that align with their interests and expertise. Global reach In today’s interconnected world, marketing has a global reach. With digital platforms and communication tools, marketers can target audiences worldwide, expanding the scope for international careers. Digital transformation The rapid shift to digital platforms has transformed the marketing landscape. This has led to the emergence of digital marketing, data analytics, and online customer engagement as key components of modern marketing strategies. Data-driven decision making Data analytics plays a critical role in modern marketing. Marketers can analyze consumer behavior, preferences, and trends to make informed decisions, optimize campaigns, and measure success. Personalization and customer experience Marketers are focusing on providing personalized experiences to customers. This involves understanding customer journeys, tailoring messages, and creating meaningful interactions across various touchpoints. Steps to explore a career in marketing Here is a quick guide for you to explore a career in marketing Get an undergraduate degree Pursue an undergraduate degree related to business or management like a BBA or B.Com, so it sets the foundation for you to gain expertise. Pursue a master’s degree Pursuing a master’s degree like an MBA in Marketing allows you to gain in-depth knowledge and skills that you require to explore a lucrative career in marketing. Determine your area of interest Marketing is a domain that offers a wide range of career opportunities like digital marketing, content marketing, social media marketing, performance marketing, and more. Choose your area of interest to find the right career path. Learn new skills Once you have understood which marketing landscape you want to navigate through, learn relevant skills that you need for the job. Read more: Easy guide on how to enter the marketing sector Conclusion If you’re looking to explore a career in marketing, then check out the online MBA program offered by Manipal University Jaipur. This online MBA program allows you to enhance your knowledge, gain marketing skills, and become a future ready professional. Gain extensive knowledge through our industry-oriented curriculum and study with utmost flexibility.
From application to offer: Navigating online job postings Navigating the intricate landscape of online job postings within the ambit of today’s fiercely competitive job market necessitates a systematic approach, one that encompasses a comprehensive spectrum of stages ranging from the initial application phase to the culmination marked by a coveted job offer. The contemporary milieu, characterized by digital proliferation, demands an elevated level of finesse and ingenuity to effectively distinguish oneself amidst a sea of candidates vying for attention. Understanding the current job landscape In today’s technologically advanced world, the job search process has undergone a digital transformation. Job seekers now have access to a plethora of online platforms where they can explore job opportunities, research companies, and submit applications. Many companies are using ATS systems to manage their recruitment process, which helps employers streamline the hiring process by automatically scanning and filtering resumes based on specific keywords and criteria. To ensure your resume makes it through the ATS, tailor your application to include relevant keywords from the job description. Companies are increasingly emphasizing diversity and inclusion in their hiring practices. Research the company’s diversity initiatives and incorporate any relevant information into your application. Emphasize how your skills and expertise complement their steadfast commitment to diversity and inclusion. Also read: The importance of building a strong LinkedIn profile for job seekers Exploring the steps from application to offer Crafting a stellar application Tailoring your resume and cover letter: Create a unique CV and cover letter for each job you apply for by accentuating your relevant abilities, experiences, and milestones that precisely meet the job specifications. Tailoring your application demonstrates your genuine interest and attention to detail. Showcasing relevant skills and achievements: Highlight specific skills, certifications, and achievements that are directly related to the job role. Use quantifiable data whenever possible to showcase the impact you’ve had in previous roles. Highlighting cultural fit and soft skills: Employers favor individuals who not only exhibit relevant technical abilities but also mesh well with the workplace culture. Incorporate soft skills such as communication, teamwork, and problem-solving in your application. Provide examples of how you’ve successfully demonstrated these skills in past experiences. Leveraging online platforms Exploring job search engines and websites: Utilize job search engines and websites to discover a wide range of job opportunities. Websites like LinkedIn, Indeed, and Glassdoor allow you to search for positions, set up job alerts, and research companies. Utilizing professional networking sites: These days, the market is brimming with powerful tools for networking and job searching. Connect with professionals in your industry, join relevant groups, and engage in conversations to enhance your visibility and expand your network. Monitoring company career pages: Many companies post job openings on their career pages before listing them on external job boards. Regularly visit the career pages of companies you’re interested in to stay ahead of the competition. Also read: 5 must-visit websites for effective job search: A placement training guide Making the initial connection The art of personalizing your application: It’s crucial to address the hiring manager directly in the cover letter. Research the company’s values, mission, and recent achievements, and incorporate this information into your application to demonstrate your genuine interest. Following application guidelines and deadlines: Comply with the company’s application guidelines. Pay close attention to deadlines and submission requirements to ensure your application is considered. Submitting a strong online portfolio (If applicable): If your profession involves a portfolio (e.g., design, writing, programming), create an online portfolio that showcases your best work. Provide clear explanations of your contributions to each project and how they align with the job you’re applying for. Preparing for virtual interviews Mastering video interview etiquette: Virtual interviews have become commonplace. Dress professionally, choose a quiet and well-lit space, and test your technology beforehand to ensure a smooth interview experience. Showcasing your adaptability and tech skills: Virtual interviews offer the opportunity to demonstrate your adaptability and tech proficiency. Learn how to use video conferencing technologies and be poised to troubleshoot any potential technological issues. Conducting thorough company research: Research the company’s history, values, products, and recent news. Use this information to formulate thoughtful questions and show your interviewer that you’re genuinely interested in the organization. Nailing the technical assessment Practicing coding challenges and tests: For roles involving technical skills, such as coding, practice coding challenges and tests. Websites like LeetCode and HackerRank offer a variety of coding problems to help you sharpen your skills. Demonstrating problem-solving abilities: Approach technical assessments methodically. Explain your thought process aloud, even if you encounter challenges. Candidates with strong critical thinking and problem-solving skills are in high demand by employers. Effectively communicating your thought process: As you work through technical problems, articulate your thought process clearly. Explain why you’re taking specific steps and how you’re arriving at your solutions. Effective communication is essential, even in technical assessments. Showcasing soft skills Emphasizing communication and collaboration: Highlight instances in your past experiences where you effectively communicated with team members, stakeholders, or clients. Showcase your ability to collaborate and contribute positively to team dynamics. Highlighting leadership and emotional intelligence: Share examples of times when you demonstrated leadership qualities and emotional intelligence. Employers value candidates who can lead by example, manage conflicts, and motivate others. Sharing success stories that demonstrate soft skills: Craft compelling stories that showcase how your soft skills led to positive outcomes. These stories provide concrete evidence of your abilities and leave a lasting impression on interviewers. Also read: Navigating placement drives: Tips to stand out and secure your dream job Negotiating compensation and benefits Researching salary expectations: Research industry-standard salaries for your role and location. This information will empower you to negotiate confidently and ensure you’re being compensated fairly. Articulating your value to the company: During salary negotiations, focus on the value you bring to the company. Highlight your skills, experience, and potential contributions that align with the role’s responsibilities. Negotiating remote work and flexibility (If desired): If remote work or flexible hours are important to you, discuss these preferences during negotiations. Be prepared to explain how you can maintain productivity while working remotely. Sealing the deal Sending a thank-you email after interviews: Following 24 hours of the interview, send a bespoke thank-you note. Acknowledge them for the opportunity, reiterate your interest in the position, and briefly outline what makes you ideal for the opening. Expressing enthusiasm for the position: Throughout the interview process, consistently convey your enthusiasm for the position and the company. Enthusiasm signals your genuine interest and commitment to contributing to the organization. Following up on the decision timeline: If the company provided a decision timeline, wait until that timeframe has passed before inquiring about the status of your application. Respect their process while expressing your continued interest. Also read: From student to professional: A guide to placement after an online course Online Manipal assists learners with regular job postings and placement drives Students who have enrolled for various online degrees and certifications on Online Manipal get placement assistance services including resume building, mock interviews, skill assessments, industry-readiness sessions, and more. Additionally, all students in the final semester of their respective programs can access the various job postings on the placement portal and apply for the ones they’re interested in. This makes their job search much easier. Wrapping Up In summation, excelling in today’s online job market necessitates a disciplined, well-calibrated approach. By applying meticulous research, tailoring applications, honing interview skills, and engaging thoughtfully at every step, you position yourself as a standout candidate. This systematic approach not only maximizes your chances of success but also showcases your professionalism and adaptability in the dynamic landscape of modern job seeking. Also read: The impact of placement training on employability skills
Placement training: Your bridge from education to employment In the journey from the hallowed halls of academia to the bustling corridors of the professional world, a critical juncture emerges that often determines the trajectory of one’s career – placement training. This precise guide attempts to provide insight into the significant role of placement training as the bridge that seamlessly connects education to employment. Let’s delve into the multifaceted significance of placement training, replete with its nuanced benefits, strategic imperatives for success, and the enduring, profound impact it etches upon the trajectory of one’s professional growth. Also read: How placement training can help you choose the right career path Deciphering the essence of placement training Placement training, a notable domain, epitomizes a specialized program that adroitly equips aspirants with a panoply of skills, knowledge, and the unassailable confidence requisite for transitioning seamlessly from the academic realm to the competitive milieu of the professional sphere. Beyond mere facilitation, placement training assumes the mantle of a transformative conduit, substantively augmenting the educational foundation with the practical finesse indispensable in the professional panorama. The benefits of placement training Placement training provides a comprehensive corpus of knowledge and skills that not only prepares you for the hiring process but also imparts vital lifelong skills to thrive in your career. It empowers you to present yourself as a capable and confident candidate, ready to contribute effectively to the workforce. Let’s have a sneak peek at the upsides of placement training. Crafting competence: In the sublime crucible of placement training, an extensive repertoire of skills burgeons. These encompass not merely technical prowess but the art of effective communication, the acumen to navigate intricate problems, astute critical thinking, and the quintessence of interpersonal refinement. Through immersive workshops, simulated interviews, and intellectual symposia, participants crystallize into versatile individuals and develop a well-rounded skill set that is valued by employers across industries. Real-world exposure: A significant advantage of placement training lies in its ability to expose students to real-world scenarios. Case studies, industry simulations, and hands-on projects provide a glimpse into the challenges and dynamics of the professional landscape, preparing candidates for the practical challenges they are likely to encounter. Insights into industry trends: Placement training, often graced by the knowledgeable insights of industry experts, impart participants with a clear idea of industry-specific trends, technological frontiers, and emerging paradigms. This empowers individuals to proactively align their skill matrix with the ever-evolving vistas of professional aspirations. How to get your first job: A guide to placement training for freshers Strategies for success in placement training Here are the key strategies to excel in placement training Holistic skill cultivation: Prioritize the acquisition and refinement of multifaceted skill sets that align with the demands of your chosen industry. This encompasses technical proficiencies as well as cognitive and soft skills that are integral to addressing complex challenges and fostering effective collaborations. Strategic resume refinement: Undertake a strategic approach to curating your resume, transforming it into a dynamic representation of your academic achievements, experiential endeavors, and accomplishments. Emphasize projects that demonstrate the application of theoretical knowledge to real-world scenarios, showcasing your capacity to contribute substantially to prospective employers. Interview mastery through deliberate practice: Delve into deliberate practice to cultivate an adeptness in handling diverse interview formats. Engage in simulated interview scenarios that encompass behavioral, situational, and technical inquiries, thus cultivating your ability to eloquently articulate your experiences, perspectives, and value proposition to potential employers. Rigorous company assimilation: Perform exhaustive research into the organizations that pique your interest. Acquaint yourself with their corporate ethos, market positioning, product or service offerings, and pivotal milestones. This in-depth comprehension will empower you to tailor your responses and questions during interviews to reflect a genuine alignment with the company’s trajectory and vision. Engagement with mock assessments: Immerse yourself in mock assessment exercises that closely replicate the evaluative procedures often deployed during placement procedures. These encompass a spectrum of aptitude evaluations, coding challenges, case studies, and problem-solving scenarios. You cultivate the dexterity required to navigate and excel in the diverse evaluative dimensions that placement processes entail by actively participating in these simulations. Also read: Preparing for success: The key steps in placement training The enduring impact of placement training The impact of placement training extends far beyond securing immediate employment. It serves as an investment in long-term career growth and development. Here’s how: Nexus of networking: Placement training helps develop your professional network with erudite industry stalwarts, peers, and alumni. This network develops into an invaluable asset for collaborations, mentorship opportunities, and updates on market shifts. The integrity of this network enhances the potency of future vocational possibilities. Directing adaptability: The variegated milieu of placement training inculcates a penchant for adaptability within participants. This attribute assumes relevance within a world characterized by flux. The ability to transform and embrace change is acquired, providing individuals with the resilience required to thrive in challenging environments. Perpetual arc of learning: The ethos of perpetual learning, pervasively imbibed within the precincts of placement training, evolves into a compass for continual upskilling. The program’s commitment to self-improvement and the development of new skills, which serves as its guiding principle, ensures its continued applicability in the workplace. Also read: The role of placement support services in bridging the job readiness gap Placement training services by Online Manipal Prestigious institutions like Manipal University Jaipur and Manipal Academy of Higher Education, offer an extensive selection of online courses via Online Manipal. Notably, Online Manipal stands out for its comprehensive placement training services, strategically designed to empower students to make informed career choices and achieve notable success in their professional pursuits. Also read: Importance of career readiness in online education: How placement drives can help This distinguished suite of placement training offerings encompasses multifaceted components such as meticulous employability assessments, skill-enhancement regimens, virtual placement drives, and more. Furthermore, Online Manipal extends industry-centric preparatory programs that effectively groom students for seamless integration into their respective sectors. Conclusion In the ever-evolving landscape of education and employment, placement training stands as a beacon of guidance and preparation. It transforms students into confident, capable professionals who are not merely equipped to survive but to thrive in the competitive world of work. It transforms students into confident, competent professionals who are not only geared up to endure but to flourish in the cutthroat workplace. Placement training bridges the discrepancy between education and employment, enabling individuals to take command of their destinies while making worthwhile contributions to the entities they serve.
Academic Bank of Credits (ABC): All you need to know The Academic Bank of Credits (ABC) is a game-changing concept introduced under the National Education Policy (NEP) 2020, by the Ministry of Education, Government of India, to enable academic flexibility and students’ mobility across multiple Higher Education Institutes (HEIs). ABC is a digital storehouse of the credits earned by students in various courses during their academic journey. It serves as a credit bank for students that allows them to accumulate, verify, transfer, and redeem their credits. ABC aims to create a seamless credit transfer system across Higher Education Institutions (HEIs) in India, ensuring flexibility and enhancing learning opportunities for students. Also read: What is the importance of WES evaluation for degrees? Significance of Academic Bank of Credits (ABC) The ABC system helps streamline credit accumulation, transfer, and recognition, enabling students to pursue interdisciplinary learning and customized academic pathways. This system empowers students by giving them the freedom to learn at their own pace, break away from rigid course structures, and accumulate credits from multiple institutions. Moreover, it plays a crucial role in promoting lifelong learning and promoting the continuous pursuit of knowledge. Key features and functions of ABC ABC account is mandatory for all students pursuing various courses, whether distance or online. The Academic Bank facilitates the creation, validation, and closure of student’s academic accounts. It is responsible for maintaining the authenticity and confidentiality of the credits. All academic institutions must register on ABC through the National Academic Depository (NAD). Only credits awarded by registered and verified institutions can be deposited into students’ accounts. ABC will only accept credits from institutes and not directly from the student. The credits earned by students will be valid for 7 years during which they can redeem these credits at any time. It allows students to drop out any year from their current institute and get admission into another by just transferring their credits. Check out: How online education breaking traditional barriers in education? Steps to create an Academic Bank of Credit (ABC) ID While it is the responsibility of the respective higher education institutes to create ABC IDs for their students by collecting relevant information like the student’s name, date of birth, and Aadhar details, they can create one using the following steps: Login to DigiLocker: As a student, start by logging in to your DigiLocker account using your registered credentials. If you do not have a DigiLocker account, create one first. Search for Education: In the DigiLocker dashboard, navigate to the “Education” section to explore various educational services and offerings. Academic Bank of Credits Service: Within the Education category, you will find the “Academic Bank of Credits” service. This service facilitates the creation and management of your ABC ID. Create ABC ID: Click on the “Academic Bank of Credits” service, and you will be directed to the ABC portal. Here, you can create your ABC ID by following the necessary steps and providing the required information. Select your university: After creating your ABC ID, you will be prompted to choose your Higher Education Institution from the available options. Generate ABC ID: Upon selecting your University, click on the “Generate ABC ID” button to complete the process. Your ABC ID will now be linked to your DigiLocker account. For more information and to create your ABC ID, visit the official Academic Bank of Credits website: abc.gov.in. How to accumulate and check your credits in ABC? Accumulate credits: Once your ABC ID is created and linked to your DigiLocker account, you can start accumulating credits by enrolling in various courses and successfully completing them at any recognized Higher Education Institution. Check your credits: To check your accumulated credits, you need to log in to the official ABC portal at abc.gov.in using your ABC ID and associated credentials. Accessing credit details: Upon successful login, you will have access to a comprehensive overview of your academic performance, including the credits earned in each completed course. Also read: International branch campuses and their impact on India’s education system Academic Bank of Credits (ABC): What does it mean for students and Institutes For students: Flexible learning pathways: ABC enables students to choose courses based on their interests and skills, allowing them to explore diverse courses and create personalized learning paths. Quick and easy credit accumulation and transfer: Students can accumulate credits from different institutions, reducing redundancy and saving time and effort. Recognition of prior learning (RPL): ABC acknowledges prior learning and work experiences, allowing students to gain credits for skills acquired outside the traditional classroom setting. You may like to know more about DEB ID creations. For Higher Education Institutions (HEIs): Increased enrollments: With the credit transfer system, HEIs can attract more students seeking flexible learning options and credit recognition. Enhanced collaboration: It fosters collaboration among HEIs by facilitating the exchange of academic credits, joint research programs, and student mobility. Quality enhancement: The system encourages HEIs to develop relevant and up-to-date course offerings to attract students from various backgrounds. Check out: What is CUET and how does it help students? Introducing the Automated Permanent Academic Account Registry (APAAR) ID In addition to the Academic Bank of Credits (ABC), the Ministry of Education, Government of India, has introduced the Automated Permanent Academic Account Registry (APAAR) ID. The APAAR ID system is an identifier that is 12 digits., which is a part of the ‘One Nation, One Student ID’ initiative under the National Education Policy 2020, that serves as a complete digital repository of a student’s academic diplomas, certificates and extracurricular victories. The APAAR ID represents one place where such electronic documentation can be consolidated and then used for transactions such as credit transfers, admissions, and job applications, which run smoothly because of their compatibility with the ID system. This also reinforces admitting some teachers and schools to enhance transparency and accountability within the education system by tracking students. For more details, read the article: What is APAAR ID? Why is it significant in your academic pursuit? Conclusion The Academic Bank of Credits (ABC) ID is a great initiative that can transform the higher education landscape in India. With an ABC ID, students can unlock the potential of their academic credits, explore diverse learning opportunities, and shape their educational journey according to their interests and aspirations. The ABC ID is a powerful tool that empowers students to become skillful professionals and prepares them for a future that values multidisciplinary expertise.
Global capital markets industry trends you should know Although the marketplaces can have substantially stabilized by the end of 2022, an unpredictable setting exists owing to factors including labor market supply and demand challenges, the turmoil in Ukraine, the natural gas crisis in Europe, and the odds of a further Covid-19 surge. Although there is little chance of a full-scale recession occurring, one must have the agility to be prepared for a range of situations related to capital markets and economic shifts. Stakeholders must remain cognizant and adaptive to the perpetual metamorphosis that characterizes global capital markets to optimize competitive edge and capitalize on emergent opportunities. Also read: Top emerging technologies in financial services and how to upskill in them Global capital markets overview The global capital markets, encompassing equity, debt, and derivative markets, serve as the backbone of the world’s financial system. The global capital market took a drastic turn in 2022. Stocks suffered their worst year since 2008; the S&P 500 dropped by 19.4%, while the Nasdaq by 33.1%. However, prominent indicators, including the S&P 500 and FTSE 100, which represent the equity markets, had consistent advances owing to technological developments and the economy’s post-pandemic recovery. The bond markets experienced varying trends, with some countries witnessing declining yields amid accommodative monetary policies while others faced rising interest rates due to inflationary pressures. The derivatives markets continued to be extremely active, and trade volumes reflected investors’ interest in risk management and hedging techniques. The global capital markets became increasingly dynamic as emerging markets, notably those in Asia, continued to grow. Regulations like Dodd-Frank in the United States and MiFID II in Europe are still impacting market dynamics and strengthening transparency. Global capital market trends to watch out Some of the latest global capital market trends to watch out are discussed below: Rising interest rates: When interest rates rise, it serves to dampen inflationary pressures and regulate economic growth. Consequently, this upward movement in interest rates bears profound implications for the global capital markets. Heightened borrowing costs can impact investment decisions, consumer spending, and the overall cost of capital for businesses. Furthermore, such fluctuations can alter the attractiveness of various asset classes, prompting a realignment of investment preferences among investors seeking optimal returns amidst evolving financial conditions. Monetization of data: In this era of unprecedented data proliferation and advanced analytics, data has emerged as a valuable asset with the potential to cause substantial value for enterprises. Companies are progressively devising strategies to monetize data through avenues such as data-driven insights, data-based products, and enhanced decision-making processes. For investors, harnessing data-driven insights grants a competitive advantage by enabling evaluation of companies’ performance, identification of salient market trends, and formulation of strategic investment decisions based on robust data-driven reasoning. FinTech & innovation: The swift and relentless progress of FinTech (Financial Technology) has instigated a paradigm shift within the financial services sector. By orchestrating the disruption of traditional financial models, FinTech companies have engendered innovative products and services that challenge the supremacy of established financial institutions. This wave of transformative technologies has not only redefined the dynamics of financial service offerings but also cultivated novel investment opportunities for astute investors who seek to capitalize on the unfolding FinTech revolution. Booming insurance sector: The insurance industry is currently experiencing unprecedented growth and undergoing a profound transformation driven by a confluence of diverse factors. The proliferation of emerging risks, including climate-related hazards and cyber vulnerabilities, has generated new opportunities and complexities for insurers. Concurrently, the advent of cutting-edge technologies such as telematics and AI has given rise to a new generation of insurance products and personalized customer-centric offerings. Digitization of operating model: Businesses are progressively integrating digital technologies into their operational frameworks across diverse industries. Companies endeavor to streamline their processes, optimize efficiency, and enhance the overall customer experience through the strategic adoption of cloud computing, artificial intelligence, and blockchain. Also read: Emerging trends in the BFSI sector Future of global capital markets Capital markets’ outlook and future exhibit optimistic prospects, driven by an amalgamation of flourishing technological advancements and dynamic regulatory paradigms. The pervasive integration of automation and artificial intelligence is set to redefine trading operations and risk management, imparting unparalleled efficiency gains and comparable reductions in operational overheads. Moreover, blockchain technology’s imminent predominance holds the promise of endowing the financial ecosystem with augmented transparency and fortified transactional integrity, thereby catalyzing investor confidence to unprecedented levels. Associated with this transformative evolution, a palpable increase in the demand for adept and skilled professionals is anticipated in the domain. The requisite expertise to tackle and navigate the new-age requirements will emphasize the relevance of accomplished personnel in safeguarding the market’s resilience. Notwithstanding the associated challenges, investing in global capital markets is a wise move as the future panorama of global capital markets resplendently summarizes growth, innovation, and exciting employment opportunities worldwide. Get a job in capital markets with an MBA in BKFS The pursuit of a career in capital markets through an MBA in BKFS (Banking and Finance) from T.A. Pai Management Institute involves engaging into the intricacies of financial instruments, trading methodologies, risk mitigation strategies, and comprehensive market analysis. Upon successful completion of the program, one gains proficiency in handling an array of capital market roles, spanning investment banking, portfolio management, financial analysis, derivatives trading, and risk management. Also read: Core concepts you will learn in an online MBA in BKFS These coveted positions require a profound comprehension of global financial markets, regulatory frameworks, and the acumen to make judicious strategic investment decisions which are equipped through the program.The capital markets elective within the program, help candidates enhance their professional prowess and aptly position themselves for significant roles within the dynamic financial landscape. Also read: Why are MBA-BKFS graduates sought after? Conclusion Resilience in the face of these transformative shifts necessitates sharp vigilance and adaptive strategies from investors, businesses, and financial institutions alike. By astutely monitoring these trends, stakeholders can acquire a comprehensive understanding of the nuanced intricacies shaping the market landscape, fostering informed decisions, capitalizing on emerging opportunities, and effectively managing potential risks.
Subjects you should keep pace with as banking professionals Embarking on a career in banking is a sensible choice presenting a plethora of opportunities for those seeking intellectual challenges and professional growth. As aspiring banking professionals, it is mandatory to keep pace with an array of pivotal subjects that underpin this dynamic industry. Acquiring an in-depth comprehension of intricate financial principles, encompassing multifaceted concepts of accounting, economics, and risk management, empowers us to navigate the complexities of contemporary financial transactions. Embracing the latest technologies and leveraging digital advancements is indispensable as the banking landscape undergoes a radical metamorphosis driven by innovation and fintech disruptions. Moreover, honing interpersonal skills to foster robust client relationships and cultivate seamless communication within professional circles is paramount to driving collaborative success. Concurrently, an astute grasp of regulatory compliance and legal frameworks ensures ethical conduct and fortifies the institution’s reputation. Thus, relentless pursuit of knowledge and unwavering adaptability are the hallmarks of thriving banking professionals, paving the way for a compelling and impactful career trajectory in this dynamic domain. Maintaining an in-depth comprehension of a multitude of pertinent subjects as a banking professional is essential for job advancement while offering clients exceptional service. The critical subjects addressed in this article will assist you in keeping the upper hand in the competitive world of banking. Also read: Why today’s banking professionals must master the applications of AI Key subjects to learn as a new-age banking professional It is indispensable for a contemporary banking expert to acquire insight into the vital subjects that dominate the digital disruption in the BFSI sector. The MBA in Banking and Financial Services (BKFS) program offers thorough insights into BFSI digital transformation trends and an advanced curriculum designed to meet the standards of the present-day banking context. Provided below are the key subjects you should learn as a new-age banking professional: AI in banking: The topic of artificial intelligence in banking digs deeply into cutting-edge technology, including ML (Machine learning), NLP (Natural language processing), and predictive analytics. Students nurture competencies to leverage AI applications to reinforce risk mitigation strategies, elevate fraud identification techniques, and optimize consumer experiences via this domain. Banking personnel can generate data-driven decisions while enhancing operational efficiency with the help of AI. Analytics for banking & finance: Individuals pursuing analytics for finance and banking acquire advanced data analysis skills. They can detect intricate trends, derive insightful knowledge, and arrive at fully apprised strategic decisions, thanks to data analysis abilities. A profound grasp of data analytics makes it simpler to gauge risk, deliver tailored customer care, and capitalize on financial data in the organization’s favor. TAPMI’s online MBA in Banking & Financial Services program offers this as a major elective basket that learners can specialize in. IT in banking: Comprehending information technology’s impact on banking in the digital age is essential. IT in banking explores the complicated structure of core banking systems, cybersecurity checks, and technological advancements, including mobile banking and blockchain. Competence in this field guarantees the ability to adapt to technological changes, delivering a secure and user-friendly banking experience for customers. International banking & foreign exchange: Proficiency in foreign currency and international banking matters as economic systems become more integrated. This subject includes a thorough understanding of cross-border transactions, foreign exchange markets, and global financial transactions. By pursuing international banking, learners acquire the skills necessary for effectively navigating convoluted exchange rates, hedging techniques, and regulatory structures. Credit analysis: The study of credit analysis centers on honing the skill set essential to evaluate a person’s or an organization’s creditworthiness. Analysis of financial statements, credit risk assessment, and loan structuring are all topics that individuals can learn. Credit analysis expertise ensures sensible lending decisions, protecting the bank’s financial health and fostering profitable client relationships. Also read: Top emerging technologies in financial services and how to upskill in them How to start a career in banking? You can take the following steps to get started with a career in banking: Pursue a relevant bachelor’s degree: Start by obtaining a bachelor’s degree in a field that pertains to banking, for instance, economics, finance, accounting, or business management. This will furnish you with a solid foundation of skills and expertise in the banking industry. Get a master’s degree: A master’s program in finance, business administration, or an associated discipline offers you an edge in the marketplace while opening up greater career possibilities within the banking industry. Consider pursuing a master’s degree if you want to improve your knowledge and raise your prospects of job advancement. Programs like MBA in Banking & Financial services will give you the right knowledge and skills to excel in banking. Write a bank exam if necessary: Some banking positions can need you to clear a bank test depending on the nation or region you want to work in. The purpose of these examinations is to evaluate your expertise and fitness for various roles in the banking sector. Identify the precise needs of the area you want to work in, then plan accordingly. Additionally, increasing your likelihood of landing a job in the banking sector by taking on internships or entry-level roles can be extremely helpful. Networking and building connections across the banking industry can also be valuable since it can culminate in career opportunities and insightful knowledge regarding this industry. Also read: Why BFSI professionals should stay abreast of trends in banking Top careers in banking 2023 Here are the top banking job roles in banking for 2023, along with descriptions of each position: Investment banker: An investment banker provides complex financial transaction counsel to businesses, governments, and other organizations. They assist clients in raising capital via a variety of strategies, including IPOs, bond issuances, mergers, and acquisitions. They also perform extensive analysis and due diligence to evaluate potential risks and opportunities for their clientele. The average salary for this role can go up to ₹40 Lakhs. Credit risk analyst: Assessing the financial standing of individuals, organizations, or institutions that are seeking loans or other credit facilities falls within the purview of a credit risk analyst. They evaluate financial data, examine credit histories, and employ statistical models to ascertain the probability of loan payback. They aid in the overall financial health of the bank by reducing credit risks. The average salary for this role can go up to ₹20 Lakhs. Bank teller: Bank’s frontline representative, a bank teller, assists clients with routine banking tasks like cash withdrawals, deposits, and cheque cashing. They also respond to consumer inquiries, give details on bank services and products, and keep precise track of transactions. The average salary for this role can go up to ₹8.7 Lakhs. Internal auditor: Examining a bank’s internal procedures, policies, and controls is an essential obligation for an internal auditor. They undertake unbiased, independent reviews to verify regulatory compliance, spot potential fraud, and gauge the success of risk management practices. Their work contributes to the improvement of the bank’s internal management and risk administration processes. The average salary for this role can go up to ₹12 Lakhs. Corporate banking: Professionals in corporate banking interact with corporate customers to deliver an array of financial services catered to their unique needs. This can entail offering credit facilities, treasury offerings, money-management solutions, and counsel solutions to aid firms to grow financially and profitably. The average salary in corporate banking can go up to ₹37.5 Lakhs. Private Banking: Private banking provides specialized financial services to high-net-worth clients. Private bankers build long-lasting relationships with their customers by learning about their specific financial objectives and offering customized wealth management, estate planning, and investment advice. The average salary in private banking can go up to ₹25 Lakhs. Pursue an MBA in BKFS through Online Manipal Pursuing an online MBA in Banking and Financial Services (BKFS) from T.A. Pai Management institute through Online Manipal is a prudent step toward a highly rewarding banking career for working professionals wanting to advance their careers. The MBA in BKFS program offers a challenging and extensive curriculum that imparts participants with a solid grounding in risk management, financial markets, and strategic decision-making. The platform of Online Manipal promotes flexibility without compromising educational quality by leveraging cutting-edge online learning systems. Also read: Core concepts you will learn in an online MBA in BKFS This prestigious program equips graduates to thrive in a variety of banking positions, notably corporate banking, wealth management, and investment analysis. Aspiring bankers are better equipped to take advantage of lucrative opportunities and strike an indelible mark in the fast-paced world of finance owing to professional networks and hands-on training received through this program. Conclusion The ability of banking professionals to thrive and grow in this dynamic field hinges on their expertise, adaptability, and commitment to continuing education regarding crucial subjects. Investing in the latest technological skills and expertise will not only promote their careers but also the overall progress and resilience of the banking sector. Pave your way ahead towards a rewarding banking career by enrolling in the online MBA in BKFS program from TAPMI.
Why AI skills are critical for today’s finance experts Artificial intelligence- a topic that no one can stop talking about, has taken the world by storm. The proliferation of AI skills has become a pressing need for today’s professionals in every field, and the financial landscape is no exception. The profound footprint of AI on the modern financial ecosystem can’t be overstated since it has drastically reshaped how financial firms operate, interpret data, and make substantial decisions. Finance professionals are better equipped to traverse the enormous volume of data, thanks to the integration of AI technologies, which also allows them to acquire deep insights into market dynamics, consumer behavior, and risk assessment. Additionally, AI-driven automation alleviates recurring processes, lowering expenses and accelerating workflows. Finance specialists versed in AI can embrace innovations with confidence and lead radical shifts within their corporations as fintech insurgents continue to surface. Also read: Why today’s banking professionals must master the applications of AI Why Finance experts should Know AI AI training for finance experts is a must to stimulate innovation, maintain competitiveness, and ethically navigate the complexities of the contemporary financial world. Here are just a few of the most prominent AI applications in the finance sector with their profound impact on the following. Risk management: AI’s emergence has brought in a major transformation in risk management. It transcends conventional processes by employing ML (Machine learning) algorithms to analyze copious data, including market trends, economic indicators, and unstructured information like news sentiment. Consequently, AI-driven models can detect intricate patterns and interrelationships, empowering astute risk assessment and bolstering resilience to dynamic market fluctuations. Fraud detection: The potency of AI in detecting financial fraud cannot be understated. Through advanced analytics and machine learning, AI detects irregular patterns in transactional data. AI systems rapidly adapt to novel fraud tactics, preventing false positives and enhancing the precision of fraud identification by imbibing a continuous learning process. Portfolio management: AI has revolutionized portfolio management by endowing it with unparalleled precision and personalization. Leveraging historical market data and multifarious indicators, AI algorithms offer insightful investment insights and facilitate optimized asset allocation tailored to individual investor objectives and risks. Personal finance: AI has ushered in an era of sophisticated personal finance tools and virtual financial advisors. Budgeting apps endowed with AI analyze expenditures, observe consumption patterns, and offer bespoke recommendations for saving and investment. Virtual financial advisors, fortified by AI algorithms, evaluate personal financial circumstances and devise custom-tailored investment strategies, fostering individualized wealth management. Corporate finance: AI’s assimilation into corporate finance has streamlined financial analysis and reporting. AI algorithms deftly process large volumes of financial data, unveiling salient indicators and trends. Furthermore, AI-driven forecasting models predict cash flows and revenue projections, equipping businesses with data-driven insights to refine financial strategies and optimize performance. Process automation: The transformative role of AI in process automation is indisputable. RPA (Robotic process automation) mechanizes repetitive tasks, such as data entry and reconciliation, while NLP (Natural language processing) facilitates seamless communication and information retrieval, augmenting overall operational efficiency. Credit scoring: AI’s disruption of credit scoring arises from its ability to amalgamate non-traditional data sources and sophisticated machine learning models. This affords lenders a more nuanced and accurate assessment of creditworthiness, integrating alternative data like utility bill payments and social media behavior. The result is expanded access to credit for individuals with limited credit histories. Trading: AI has engendered a profound transformation in trading strategies and execution. AI-powered trading systems promptly analyze real-time market data, news, and social media sentiments to identify opportunities and execute trades with accuracy and precision. This capacity to detect market inefficiencies and adapt to dynamic conditions enables traders to generate alpha and optimize trading outcomes. Loan underwriting: AI has bestowed immense improvements upon loan underwriting processes. Machine learning models adeptly analyze vast datasets, including credit scores and borrower characteristics, enhancing the speed and accuracy of credit risk assessment. Expedited and informed loan decisions ensue, fostering a streamlined underwriting process that serves both lenders and borrowers efficiently. How AI is shaping the financial services industry Artificial intelligence is reshaping the realm of financial services owing to its unrivaled upgrades in efficiency, handling risks, and customer-centricity. The confluence of AI’s analytical prowess, automation capabilities, and predictive aptitude indicates boundless potential for financial institutions and individual consumers, charting a course toward unprecedented innovation and transformation in the financial landscape. The potential of AI to streamline workflows while enhancing processes underscores the significance of the technology in the financial sector. Automated processes and AI-powered algorithms are revolutionizing operations like fraud detection, loan approval, and credit scoring, leading to more rapid, more precise conclusions. Additionally, AI-driven customization is redefining how clients interact with businesses. Engaging chatbots, tailored financial advice, and customized product recommendations are increasing retention and trust. Also read: Emerging trends in the BFSI sector Institutions can estimate potential risks and simulate probable scenarios for risk management, which strengthens resilience and decision-making. The financial services sector must navigate challenges, including privacy, ethical issues, and regulatory compliance, as it progressively employs AI technologies. Unleashing AI’s maximum potential while upholding transparency and confidence with stakeholders and customers entails striking a suitable balance between innovations and ethical AI deployment. How Fintech firms are using AI Fintech companies are strategically implementing AI technologies to overhaul the context of finance. These firms are now able to arrive at data-driven decisions, thanks to the incorporation of AI-driven techniques in investment management, which has boosted portfolio optimization and risk management. Furthermore, robo-advisors enabled by AI provide automated, affordable financial planning offerings to a larger clientele. NLP (Natural language processing), which analyzes extensive regulatory documents to ensure compliance with complicated legal requirements and reduce expenses, is another way AI is improving compliance operations. Also read: How will digital transformation reshape the future of banking in India? The synergy of AI and big data analytics has augmented the retention and acquisition of client initiatives by enabling more precise consumer segmentation and tailored marketing strategies. Careers in data analytics, algorithm growth, AI ethics, and regulatory compliance are in high demand as AI persists to spur breakthroughs in the Fintech industry. Finance professionals with AI skills are in high demand, which is fueling an upbeat labor market and the proliferation of this innovative sector. Pursue an online MBA in BKFS The T.A. Pai Management Institute offers an esteemed and exclusive online MBA program focusing on Banking and Financial Services (BKFS), through Online Manipal that is tailored to cater to the dynamic demands of today’s financial ecosystem. Aspiring finance professionals can better understand complex financial markets and manage risk effectively while creating strategic decisions with the utmost confidence thanks to this pioneering program’s advanced curricula, industry-aligned perspectives, and comprehensive skill development. Also read: Top emerging technologies in financial services and how to upskill in them The program is ideal for working professionals with at least a year of experience. The program will help professionals be future-ready by equipping them with knowledge about recent digital transformations in the banking sector, cryptocurrency & blockchain, AI in banking, and other innovations in the new-age BFSI environment. Participants also receive an immersive learning experience through Online Manipal. The seasoned faculty will help refine their leadership acumen and shape their skills to excel in the combative financial industry. As we can see, there are numerous and indisputable advantages of AI in financial services. Finance professionals can position themselves at the vanguard of innovation by adopting AI, fostering excellence for both their personal careers and professional development.
