How to choose between Marketing, Finance and HR specializations in MBA? Choosing between Marketing, Finance, and HR specializations in an MBA program depends on your career goals and interests. If you enjoy creativity, consumer behavior, and brand strategy, Marketing may be ideal. Finance suits those with a knack for numbers, investments, and financial analysis. HR is for individuals passionate about organizational culture, talent management, and employee development. Assess your skills, preferences, and long-term objectives to align with the specialization that aligns best with your aspirations, ensuring a fulfilling and successful career in the dynamic world of business. Read more: Most in-demand MBA specializations Why is it important to choose the right MBA specialization? Selecting the appropriate MBA specialization is crucial as it shapes one’s expertise and career trajectory. A well-suited specialization enhances job satisfaction and performance, aligning skills with industry demands. It maximizes opportunities for career advancement by focusing on specific knowledge areas. Choosing the right specialization facilitates networking within a targeted professional community, fostering relevant connections. Additionally, it optimizes return on investment, ensuring the acquired skills are in demand. This strategic decision empowers individuals to make impactful contributions in their chosen field, fostering long-term success and adaptability in the competitive business landscape. In essence, the right MBA specialization is a key determinant of professional fulfillment and achievement. What is an MBA in marketing? An MBA with a specialization in marketing focuses on business administration concepts, along with a deep dive into various aspects of marketing. This specialized program is designed to equip students with in-depth knowledge and skills in marketing, preparing them for leadership roles in this field. Professionals working in the marketing field are essentially responsible for bringing in more business to an organization, thus, contributing to its growth. Learning about how to ideate and develop products, pricing them, choosing the right distribution channels and developing strategies for their promotion prepares you for the rigmarole of the job. Important concepts you will learn in MBA marketing Sales distribution and supply chain management Consumer behavior Retail marketing Marketing research Sales management and business policy International business management Business leadership Services marketing and customer relationship management Advertising management and sales promotion E-marketing International marketing Read more: MBA in Marketing course overview Best jobs you can get after MBA marketing Here are some of the top career options you can explore after MBA in marketing Job role Highest salary Product Manager INR 40 LPA Brand Manager INR 32.5 LPA Marketing Manager INR 24 LPA Sales Manager INR 15.4 LPA Advertising Manager INR 20 LPA Digital Marketing Specialist INR 11.1 LPA SEO Manager INR 16 LPA Social Media Manager INR 10 LPA Marketing Research Analyst INR 8 LPA Source: AmbitionBox Key skills you’ll gain after MBA in marketing Here are some of the key skills you will learn with an MBA in marketing Market research and analysis Strategic thinking and planning Understanding consumer behavior Brand and product management Digital marketing Leadership and team management Communication and presentation skills Who should choose a career in marketing? A career in marketing is ideal for individuals with creative flair, strategic thinking, and strong communication skills. Those who enjoy understanding consumer behavior, shaping brand narratives, and adapting to market trends thrive in marketing roles. The dynamic nature of the field appeals to those who appreciate innovation, analytics, and building connections. Aspiring marketers should be adaptable, resourceful, and have a passion for storytelling, as they play a pivotal role in crafting and communicating a brand’s identity to engage and captivate target audiences. What is an MBA in HR? An MBA with specialization in human resource management emphasizes business administration concepts with a focus on human resource management. This program is designed to provide students with an in-depth understanding of the strategic role of HR management in modern organizations. The discipline of Human Resources (HR) deals with managing the workforce in an organization. This includes acquiring, retaining, and managing the employees, as well as ensuring a smooth implementation of work ethics, code of conduct and other rules. An HR manager acts as a bridge between the management and the employees in an organization. The crux of this job profile entails ensuring the smooth functioning of all the different departments. Students who opt for a specialization in HR, focus on areas such as training and development, recruitment selection, assessment and motivation, designing jobs, compensation, and health and safety. Core concepts you will learn in MBA in HR Manpower planning & sourcing Management & organizational development Employee relations management HR audit Strategic management & business policy Compensation & benefits Performance management & appraisal Talent management & employee retention Change management Read more: MBA in HR course overview Top jobs to explore after MBA HR Job role Highest salary Compensation & Benefits Manager INR 42 LPA Staffing Manager INR 21 LPA Talent Acquisition Manager INR 25 LPA Employee Relations Manager INR 20.5 LPA Human Resources Manager INR 18.2 LPA Human Resource Generalist INR 8 LPA HR Consultant INR 11.3 LPA Source: AmbitionBox Key skills you’ll gain after MBA in HR Here are some of the key skills you will learn with an MBA in HR Talent acquisition & management Employee relations Strategic human resource planning Training and development HR analytics Change management Labor law and ethics Who should choose a career in Human Resources? A career in Human Resources (HR) is ideal for individuals who excel in interpersonal skills, empathy, and organizational understanding. Those who enjoy fostering a positive work environment, resolving conflicts, and developing talent find fulfillment in HR roles. Strong communication, discretion, and the ability to navigate employee relations are essential. Aspiring HR professionals should have a genuine interest in the well-being and growth of individuals within an organization. Their role involves shaping company culture, talent acquisition, and ensuring the workforce’s overall satisfaction and productivity. What is an MBA in Finance? An MBA with finance specialization focuses on advanced business administration concepts with an emphasis on finance. This program is designed to provide students with a comprehensive understanding of the financial aspects of businesses and the broader economic environment. With this specialization, you’ll gain expertise on matters of assets, liabilities, uncertainties, and risks. The finance stream of a management degree is often further divided into sub-categories such as personal finance, public finance, and corporate finance. Opting for this specialization will polish your financial management skills and provide you with expert knowledge of aspects such as tax planning, budgeting, banking, tax planning, investment analysis, corporate restructuring, and portfolio management. Needless to say, this specialization and the jobs that come with it, involve a fair deal of number crunching and a deep understanding of the financial world. Key concepts you will learn in MBA in Finance Here are some of the key concepts you will learn in an MBA in finance Security analysis & portfolio management Mergers & acquisition Taxation management Internal audit & control Strategic management & business policy International business management Business leadership International financial management Treasury management Merchant banking & financial services Insurance & risk management Read more: MBA in Finance course overview Well-paying jobs after MBA in finance Job role Highest salary Investment Banker INR 50 LPA Corporate Finance Manager INR 33.5 LPA Financial Risk Manager INR 30 LPA Credit Analyst INR 15.5 LPA Private Equity Analyst INR 44 LPA Financial Analyst INR 12 LPA Financial Advisor INR 9 LPA Financial Accountant INR 11.5 LPA Source: AmbitionBox Who should choose a career in finance? A career in finance is well-suited for individuals with a strong analytical mindset, numerical acumen, and a keen interest in economic trends. Those who enjoy working with data, assessing risks, and making strategic financial decisions thrive in finance roles. Attention to detail, problem-solving skills, and the ability to navigate complex financial systems are essential. Aspiring finance professionals often possess a knack for investment strategies and are comfortable working with numbers to drive organizational success through effective financial management and planning. MBA in Marketing, HR or Finance: What’s best for you? Many institutions around the world are offering MBA specializations in marketing, finance, and HR. If you would like to pursue an Online MBA, choose Online Manipal, a platform that features some of the in-demand online degree programs from prestigious Manipal Academy of Higher Education (MAHE), Manipal University Jaipur (MUJ), and TA Pai Management Institute (TAPMI). Online MBA for working professionals from Manipal Academy of Higher Education offers specializations in marketing, finance, HRM, Operations Management, Information Systems, Business Analytic, Data Science, Healthcare Management, Pharmaceutical Management, and Fashion Management. Any professional with at least one-year experience in any leading organization can enroll in this program. Manipal University Jaipur’s online MBA is suitable for both fresh graduates and working professionals to learn modern management concepts at their convenience. Elective subjects with the online MBA are Finance, Marketing, HRM, Operations Management, IT & FinTech, Analytics & Data Science, Project Management, Supply Chain Management, and Information System Management. Enroll in any of these programs to level up your career. Conclusion Each of these specializations has its own benefits and perks. Your skills and aptitude for the job have to be the most important factors in your choice. If you are passionate and driven about your career, success will follow. In addition to your abilities, choosing the best university for MBA also makes a huge impact on your future prospects.
What are some key skills for a B.Com fresher? A Bachelor of Commerce (BCom) is an excellent degree option for students after 12th grade, providing a strong foundation in business and finance. Key skills for BCom freshers include financial analysis, accounting, communication, and problem-solving. This degree suits candidates with an aptitude for numbers, analytical thinking, and an interest in the business world. BCom graduates enjoy diverse career prospects, with opportunities in accounting, finance, marketing, and more. The degree prepares individuals for roles in both corporate and entrepreneurial settings, making it a versatile choice for those seeking a dynamic career in the business domain. READ MORE: Guide to B.Com course details: All you need to know Important skills that can be developed with a BCom degree BCom is a very versatile and dynamic degree. It imparts knowledge about various topics like business management, marketing, taxation, risk management, etc. Apart from the core knowledge, BCom develops job-oriented skills. Analytical skills: Analytical skills provide the ability to study, analyze and interpret data. As part of their job, a commerce graduate will be required to review the finances of a company. They would be required to study, critically analyze the data, and prepare reports. These reports will be used by the management for decision-making and taking corrective actions. A BCom program will help develop analytical skills in the students. Innovation skills: Innovation is the future. Companies are looking for candidates who are fresh in their ideas and opinions. People who can innovatively solve a problem, make suggestions for developing a product or contribute to the business process are in demand. BCom provides knowledge about economics management, finance and accounts, thus giving a very large turf and scope for innovations. Financial Analysis: The roles like Investment Banker, Portfolio Manager, Asset Manager or corporate finance essentially need financial analysis skills. BCom will impart training and provide statistical skills that are a must for financial analysis. Moreover, the program is designed to provide knowledge about the derivative market, equity market, portfolio management etc. Problem-solving: It is a skill of arriving at a solution that is cost-efficient and provides benefit to the organizations. Every commerce graduate will encounter difficulties and dilemmas in their work, and the person who can find solutions to a problem will have an edge. Numeracy skills: it is a crucial skill for a commerce graduate. The jobs in banking, taxation and data management are primarily based on the quantitative aptitude of the person. Few recruiters conduct aptitude tests to assess the numeracy skill of the candidate. The BCom program is designed to hone the aptitude skill of the students. Accounting skills: accounting is the maintenance of the books of accounts of an organization. It is required by every organization irrespective of the nature of business. A large number of jobs are available for people who have accounting skills. Accounting skills primarily are knowing the principles and rules of accounting and proper record keeping. BCom has accounting as one of the core subjects and develops appropriate accounting skills in the students. Communication skills: It is not only an essential skill for commerce graduates; it is required in almost all jobs. A good communicator will be able to create a balanced relationship among different roles. He would be able to communicate well with the organization’s vendors or sellers. He would be able to close profitable deals for the company. BCom specially develops interpersonal skills and communication skills among its students. Leadership skills: Individuals need to interact continuously and work as a part of a team, and sometimes they lead the team. A leader must be patient, encouraging, innovative, skillful, optimistic and possess excellent team management skills. Knowledge about taxes: Apart from accounting, another core subject of BCom is Taxation. Taxation is yet another field that has enormous scope. A person knowing direct and indirect tax is quite in demand by the corporate houses. Tax consultants are required to calculate taxes and, by using the law, find ways for proper tax management of the organizations and clients. Excel: Software like MS Excel and google sheets has changed the way work used to be done. Corporates and organizations widely use them for managing business operations. A BCom holder will do tasks like accounting, data analysis, management, tracking cost and budgeting. All these work domains use spreadsheets. Spreadsheets help in managing massive data that otherwise will be complicated to handle. Also read: Is pursuing BCom along with CA a good idea? How can you earn a BCom degree? To earn a Bachelor of Commerce (BCom) degree, candidates can opt for on-campus, distance, or online modes of study. The online mode has gained preference due to its flexibility and convenience. Online BCom programs offer the same curriculum and recognition as on-campus options, making them suitable for both students and working professionals. This mode allows individuals to balance education with other commitments, providing access to lectures and materials from anywhere. The advantages of online learning, such as self-paced study and accessibility, make it an excellent choice for those seeking a BCom degree without compromising their schedule or location. What do you learn in a BCom degree program? A Bachelor of Commerce (BCom) degree program is designed to provide a comprehensive understanding of various aspects of business and commerce. The curriculum typically includes a diverse range of subjects, aiming to equip students with the knowledge and skills needed for success in the business world. Core Business Disciplines: BCom programs often cover fundamental business disciplines such as accounting, finance, marketing, and management. These courses lay the groundwork for a well-rounded business education. Economics: Students delve into economic principles, learning how economic factors influence business decisions and market dynamics. Business Law: Understanding legal aspects of business is crucial. BCom programs may include courses in business law, contract law, and commercial law. Statistics and Quantitative Methods: Analytical skills are honed through courses in statistics and quantitative methods, preparing students for data-driven decision-making. Information Technology: With the increasing role of technology in business, BCom programs often incorporate IT-related courses to enhance digital literacy and technology integration skills. Business Ethics and Corporate Social Responsibility: BCom programs emphasize the importance of ethical considerations in business practices and explore the concept of corporate social responsibility. Organizational Behavior: Understanding how individuals and groups function within organizations is essential. BCom programs often include courses on organizational behavior to address interpersonal dynamics and leadership. Entrepreneurship: Some programs may offer courses in entrepreneurship, guiding students through the process of starting and managing their own businesses. Check out: Best career options after BCom Pursue UGC-entitled online BCom through Online Manipal The online BCom program offered through Online Manipal stands out as one of the most sought-after online degrees. As a UGC-entitled degree, this program ensures high-quality education that is on par with traditional on-campus degrees. The reputed Manipal universities, Manipal University Jaipur (MUJ) and Sikkim Manipal University (SMU) offer online BCom programs through Online Manipal. Online Manipal is committed excellence in online education and provides students with a flexible and accessible learning experience, maintaining the same academic standards and curriculum as their on-campus counterparts. This recognition underscores the credibility and equivalence of online BCom, making it a reputable choice for individuals seeking a flexible yet rigorous education in the field of commerce.
High-paying jobs in the insurance industry Determining whether a job in the insurance sector is worthwhile is crucial. A career in life insurance offers you the chance to work for yourself as an independent insurance agent or a salaried business employee. It also offers you job security, a good salary, a flexible schedule, and the chance to work for yourself. Employers seek graduates who are committed and demonstrate a high level of professionalism. Companies will prioritize soft skills and look for new workers with good lateral thinking, negotiation, and communication skills. Outstanding customer service and client connection skills are just as important as having good math skills. Benefits of choosing a career in the insurance industry The insurance sector in India is predicted to grow at a 5.3% CAGR up to 2023, and India is ranked 11th in the global insurance industry. So, the scope for a career in this field is immense, as are the career opportunities. Choosing a career in the insurance industry comes with several benefits. Firstly, the insurance industry provides stability, as insurance remains a critical aspect of modern economies. Secondly, professionals have diverse career paths, spanning underwriting, claims, sales, and management. Additionally, the industry offers opportunities for continuous learning, with a growing focus on technology and data analytics. Insurance careers also contribute to societal well-being by providing financial security and aiding economic recovery after unforeseen events. With global relevance, the insurance sector provides a platform for professionals to make a meaningful impact, enjoy financial rewards, and engage in a constantly evolving, intellectually stimulating environment. Check out: What will you earn in new-age banking and finance? Top jobs in the insurance sector Below is a list of a few of the top positions in the insurance industry with their pay ranges. Actuary: An insurance actuary evaluates financial risks to establish the proper premium for insurance policies. To lower risks for insurance companies, these professionals calculate appropriate premiums utilizing mathematical theories and financial facts. Salary: The annual salary of an actuary can go up to INR 12.4 LPA. Underwriting Manager: Underwriting managers lead underwriting teams, ensuring the proper evaluation of risks and setting appropriate premiums. This role involves decision-making that directly impacts the company’s profitability. Salary: An underwriting manager can earn an annual salary of up to INR 19 lakhs. Claims Manager: Claims managers or directors oversee the claims department, ensuring efficient and fair claims processing. Their responsibility includes managing claims adjusters and making decisions on complex or high-value claims. Salary: They earn an annual salary of up to INR 11 lakhs. Insurance Product Manager: Product managers in the insurance sector are responsible for developing and managing insurance products. This includes analyzing market trends, creating new products, and optimizing existing ones. Salary: They earn an annual salary of up to INR 26.5 lakhs. Risk Manager: After assisting in the analysis of potential risks, a risk manager makes suggestions on how to eliminate or reduce risks. They might assist in identifying, evaluating, and alerting different parties to threats. This group may include underwriters, loss assessors, and senior staff members. Salary: Risk manager salary in insurance industry can go up to INR 19.5 LPA. Insurance Broker: Brokers help clients find suitable insurance coverage and negotiate with insurance companies on behalf of their clients. They may specialize in specific types of insurance, such as health or commercial insurance. Salary: They earn an annual salary of up to INR 8.6 lakhs. Insurance Sales Manager: Sales managers in the insurance sector lead sales teams, set sales goals, and develop strategies to meet targets. Their compensation often includes a combination of salary, commissions, and bonuses tied to team performance. Salary: Insurance sales managers typically earn an annual salary of around INR 5.5 Lakhs. Also, read B.Com vs BBA: Which is better after 12th? Insurance companies in India that offer well-paying jobs Life Insurance Corporation of India (LIC): LIC is a state-owned insurance company and the largest life insurance provider in India. ICICI Prudential Life Insurance: A leading private life insurance company, a joint venture between ICICI Bank and Prudential Corporation Holdings Limited. HDFC Life Insurance: Another major private life insurance company, a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Aberdeen. SBI Life Insurance: A joint venture between State Bank of India (SBI) and BNP Paribas Cardif, offering a range of life insurance products. Max Life Insurance: A leading private life insurance company in India, known for its various life insurance products. Bajaj Allianz Life Insurance: A joint venture between Bajaj Finserv and Allianz SE, offering life insurance solutions. Kotak Mahindra Life Insurance: A subsidiary of Kotak Mahindra Bank, providing a range of life insurance products. Reliance Nippon Life Insurance: A part of the Reliance Capital group, offering life insurance and related products. Aditya Birla Sun Life Insurance: A joint venture between Aditya Birla Group and Sun Life Financial Inc., providing a variety of life insurance products. New India Assurance Company: One of the largest and oldest general insurance companies in India, offering various non-life insurance products. United India Insurance Company: A government-owned general insurance company, providing various insurance solutions. Oriental Insurance Company: Another government-owned general insurance company, offering a range of insurance products. Bharti AXA General Insurance: A joint venture between Bharti Enterprises and AXA, providing general insurance products. Prepare for a career in the insurance industry with an MBA in finance Earning an MBA in finance helps you to excel in the insurance industry. This program equips you with a comprehensive understanding of financial markets, risk management, and insurance operations. Develop critical skills in analytics, leadership, and strategic decision-making. Network with industry professionals and gain hands-on experience through internships and industry projects. The MBA in finance positions you for leadership roles in insurance companies, brokerage firms, and financial institutions, providing a solid foundation for a successful and rewarding career in the dynamic and evolving landscape of the insurance sector. Also read: Best online degree courses in banking and finance Get into well-paying jobs in the insurance industry with MUJ’s online MBA in finance An online MBA in finance from Manipal University Jaipur (MUJ) assists individuals in enhancing their knowledge and skills and land a well-paying job in the finance or insurance industry. If you are looking for an online MBA program that is at par with the on-campus program, enroll in the UGC-entitled MBA finance program from Manipal University Jaipur. You can benefit from live and recorded classes, experienced faculty and course mentors, free e-learning content, free access to Coursera, excellent student support, and placement assistance. Conclusion The BFSI industry is growing quickly, creating a great need for qualified employees. You can develop the industry’s required skill sets and further your career by completing an MBA with BFSI as an elective. This will increase your earning potential and offer you the necessary access to the Insurance industry.
Top 8 job roles for a great career in human resources Human Resources (HR) stands as a dynamic and indispensable career choice, thriving on the essence of workforce management. The demand for HR professionals remains high, fueled by the evolving complexities of workplace dynamics and employee well-being. Beyond traditional roles in recruitment and employee relations, HR offers a spectrum of opportunities, encompassing talent development, organizational strategy, and diversity and inclusion initiatives. In an era prioritizing employee experience, HR professionals play a pivotal role in shaping workplace cultures, fostering productivity, and ensuring organizational success, making it an enriching and impactful career path with boundless prospects. You can also check out: Why choose an MBA in HR? Given the nature of their positions, HR practitioners have a peculiar outlook on the organizations they work for. They not only comprehend a company’s aspirations and constraints well but also have the capability to impact the direction of the business through their hiring choices. As they expand, employers will always require recruiters, benefits experts, and other HR employees. HR’s basic function in a company’s operations is unlikely to transform anytime soon. Benefits of choosing a career in human resources Choosing a profession in human resources has several benefits, which are listed below. Versatility and diverse roles: A career in human resources offers a diverse range of roles, from recruitment and talent management to employee relations, training, and organizational development. This versatility allows professionals to explore various facets of HR and find their niche. Strategic impact: HR professionals contribute strategically to organizational success by aligning human capital with business goals. They play a pivotal role in shaping company culture, improving employee engagement, and driving initiatives that enhance overall organizational performance. People-centric focus: Those drawn to working with people find fulfillment in HR, where they can impact individual careers and foster a positive work environment. HR professionals often serve as advocates for employees, addressing concerns and facilitating communication between staff and management. Continuous learning and adaptation: The HR landscape is dynamic, with evolving laws, technologies, and workplace trends. This necessitates continuous learning and adaptation, providing HR professionals with opportunities for personal and professional growth throughout their careers. Global opportunities: As businesses expand globally, HR professionals with international expertise are in high demand. Managing diverse workforces, understanding cross-cultural dynamics, and ensuring compliance with global employment regulations offer HR practitioners the chance to work in diverse and exciting environments. Contributing to employee well-being: HR professionals contribute to the well-being of employees by implementing programs related to health, wellness, and work-life balance. They play a crucial role in fostering a positive and inclusive workplace culture that values the overall welfare of the workforce. You can also read MBA HR course details: A quick guide. Skills needed for HR jobs Human resources professionals must have the management and leadership skills needed to develop the abilities businesses are searching for. Here are a few of the crucial abilities to list on your resume if you plan to explore a career in HR: Strong verbal and written communication HR executives must have excellent communication skills to convey information effectively, from verbal and nonverbal communication to effective listening and convincing. Organizational abilities To stay productive, HR teams need good organizational abilities. They must cram in other crucial activities, such as organizing corporate events and setting up staff training and development, between meetings with coworkers and executives. Teamwork and collaboration The smooth operation of an organization depends on everyone’s ability to work well together and assist one another in day-to-day operations. Decision-making It takes insight, expertise, and tactics to determine who has the finest talent or prospect. Your decision-making abilities demonstrate your capacity to choose wisely among several options. Strategic thinking HR professionals must be aware of the company’s strategic requirements across all levels and divisions and be able to find and keep employees who can meet those requirements. Multi-tasking The responsibilities in the realm of human resources are diverse and can alter daily. Multitasking skills and active engagement are frequently crucial to success while simultaneously handling grievances, training programs, remuneration, job adverts, and interviews. Risk management For organizational success, it is crucial to concentrate on managing risks related to compliance, hiring practices, and employee development. Emotional intelligence HR can more effectively handle disagreements and encourage and motivate employees. They can foster traits like teamwork and synergy with coworkers and prevent personal feelings from interfering with professional interactions. Analytical abilities Analytical proficiency is one of the important HR talents that will give the company a competitive advantage. Solutions improve and become more simplified as HR procedures become more analytical. What are some of the most in-demand HR job roles? Look at some potential job pathways and job titles in human resources (HR) you can follow obtaining a degree in this discipline. You can shortlist potential roles and decide to apply for them based on your profile and career goals. Following is the list of careers in human resources: HR Manager HR managers are professionals who serve as a bridge between the director and the executive levels of organizational administration. They make sure that all practices adhere to corporate guidelines and legal requirements. These personnel also oversee labor relations, training, salary and benefits, and staffing. A HR manager can earn an annual salary of up to INR 22.4 lakhs. HR Director The HR Director is in command of the company’s overall hiring, remuneration, promotion, and other human resource policies. It is a senior-level job and among the top roles in the hierarchy in the HR department, establishing the pace for all HR initiatives within the company. They monitor the state of the market and assess how much an organization is willing to pay for multiple roles. The HR director role is one of the top and highly paying job roles. HR directors can earn an annual salary of up to INR 97 lakhs. Recruiting Manager The post of Recruiting Manager is typically given to the person in charge of recruiting new personnel for a company. They should interact with the recruiting managers of various divisions to learn about their staffing requirements and job openings. Recruitment managers must have attention to detail, use effective interviewing techniques, and collaborate with teams. The annual salary of a recruiting manager can go up to INR 18 lakhs depending on the candidates’ skills and experience. HR Consultant HR consultants are adept at analyzing a business’s human resources position and developing regulations, staffing structures, benefits packages, rewards programs, and many other aspects. These specialists typically assist HR managers with particular tasks while working in a contractual role. They examine the current workforce and suggest enacting the needed reforms and maximizing the benefits. A HR consultant’s annual salary can go up to INR 11.1 lakhs. Compensation and Benefits Manager Compensation and benefits managers must choose and carry out strategies while balancing employee needs with the financial limits of their business. One would need to be knowledgeable about salaries and bonuses, allowances, pensions, insurance, business policy, and employment and remuneration legislation to be successful in this role. These personnel can earn annual salary as high as INR 42 lakhs. Employee Relations Specialist This designation in HR serves as a liaison between the administration and labor unions. They create employment agreements by labor laws and requirements. They occasionally work as public relations experts and advocate for their client corporation in legal proceedings. To operate as a labor relations expert, you need to have a solid awareness of the laws, legislation, and other aspects at the regional, statewide, and federal levels. Strong negotiation and communication abilities and the capacity to draft and comprehend legal documents are additional prerequisites. An employee relationship specialist can earn an annual salary of up to INR 24.5 lakhs. Learning and Development Manager These HR specialists entail assisting the workforce through initiatives in career guidance, training, and development. These duties include planning orientation events for new hires, leading in-person sessions for the existing workforce, and leading personal and professional growth programs. They are skilled in writing training materials like booklets and manuals. They can earn an annual salary of up to 24.6 LPA. How to get a job in human resources? Embarking on a career in human resources often begins with a bachelor’s degree, such as a BBA, offering a holistic understanding of business facets like finance, HR, and marketing. Elevating your prospects, an MBA in HR opens doors to well-paying roles in esteemed companies. If you’ve finished, you’re bachelor’s and looking to do an MBA in HRM consider pursuing an online MBA in HRM offered by the renowned Manipal University Jaipur (MUJ) can be a great option as it not only offers the same quality of education as that of a on-campus degree but also offers more flexibility and affordability for learners. One can manage their personal and professional commitments and can still complete their MBA. Additionally, those who have enrolled for these programs get placement assistance services and will be provided opportunities to participate in virtual placement drives. To know more, check out Important concepts to learn during an MBA in Human Resource Conclusion Human resources is an evergreen field of work that offers numerous opportunities in a wide range of industries. Businesses of all kinds, start-ups or MNCs need HR professionals to hire and manage the workforce of the organization. By pursuing a degree in HR, one can get a comprehensive understanding of HR concepts and can develop the essential skills to navigate the HR landscape and thrive successfully in their career.
Why should CA aspirants consider earning an alternate degree? Chartered Accountancy (CA) is a tough course and often requires many tries to pass. The pass rate is low, making success uncertain. That’s why having a backup plan, like a Bachelor of Commerce (BCom) degree, is smart. In this blog, we’ll talk about whether a low CA pass rate means students should consider a different degree. We’ll also discuss the idea that an online BCom can be a great choice. Online classes offer flexibility, helping students balance CA preparation with their studies. Let’s explore how having a backup plan and choosing online BCom can make the journey smoother. Last few years, the CA pass percentage has been as follows: May 2023 is 10.36% May 2022 – 12.59% Dec 2021 – 15.31% July 2021 – 11.97% Jan 2021 – 6% Nov 2020 – 14.47% Nov 2019 – 15.12% A BCom degree will act as a backup option for students who have failed to crack the CA exam. This degree will give you the flexibility to decide on your career path and take up full-time or part-time jobs to earn money while still preparing for CA. So, if you’re planning on pursuing CA and aren’t sure whether you’ll be able to achieve success in it this time around, then consider taking an online BCom course. CA after BCom is a great option because it allows students to plan their learning schedule in accordance with their CA preparation schedule without disrupting their social life or lifestyle too much. You can check the details for “Is pursuing an online B.Com along with CA a good idea?” here. Why is CA a tough course to pass? The pass percentage of the CA exam has been dropping over the past few years, and this trend may continue with more and more applicants taking the test each year. This low CA pass percentage could be due to several reasons, including Lengthy and difficult syllabus: Most students do not have the required time to prepare for the exam. The syllabus is too long, and it is difficult to cover everything. This can lead to a student cramming for a few days or weeks before the exam date. By then, students are fatigued and may not perform well on the test. Poor study habits: Students who do not study adequately and consistently may find it difficult to deal with the stress of taking tests. They also tend to procrastinate when studying for exams because they are afraid that if they put off studying until later, they might forget everything by the time they sit down for their final exam. Poor time management skills: Students who do poorly on their CA exams typically suffer from poor time management skills because they are unable to manage their time effectively when preparing for exams and studying for them in general. Lack of focus: A lack of focus can cause a student to procrastinate in his studies and thus fall short of his goals. This is especially true in cases where students have other things on their minds, such as work or family commitments, which may distract them from studying for exams. Benefits of pursuing online BCom while preparing for CA The online B.Com degree is a great backup degree option for CA aspirants. BCom with CA offers an excellent opportunity to learn and grow in an environment that matches your own preference and pace of learning. It’s a great way to pursue your goals and build upon your existing knowledge and skills. Additionally, it will help you build an experience that will help you get a better job when you graduate. The course is affordable, especially if you compare it with the cost of pursuing a similar degree in the classroom setting. It also provides flexible delivery options so that students can study at their own pace and choose when they like the most convenient times for lectures or assignments. The B.Com subject for CA can be beneficial in many ways. Here are the benefits of pursuing online B.Com: You can learn at your own pace, whenever and wherever you want, with no time and location constraints. The learning materials for this course are always available online so that if a student needs them, they can access them easily from anywhere and at any time, thus avoiding unnecessary delays when working on assignment deadlines. You are the one who decides when and where you want to study online so that it is convenient for you. You get to learn the different aspects of business and how they work together to make a company successful. Learn about the top companies that hire B.Com graduates. Why should you pursue an online BCom through Online Manipal? An online B.Com degree from Manipal University Jaipur (MUJ) provides you with the necessary knowledge and skills to establish a good career after the completion of the program. Manipal University Jaipur has been providing top quality education to learners across the world for many years and the online degrees it offers are also of the same standard, The coursework includes online lectures, discussions, and assignments that are provided through interactive their user-friendly LMS. Students have access to all of their course materials at any time of day or night, and they can work independently or collaborate with other students during class time using discussion boards or chat rooms. Conclusion In conclusion, a low CA pass percentage indicates that students need an alternative degree. An online BCom degree will act as a backup option for students who have failed to crack the CA exam. This degree will allow you to decide on your career path and take up full-time or part-time jobs to earn money while still preparing for CA. Online Manipal is the best choice for flexibly completing your BCom without letting go of your other responsibilities.
Asset Manager vs Wealth Manager: What’s best for you? Navigating the realm of financial management prompts a crucial decision: whether to consider becoming an asset manager or a wealth manager. Both roles play pivotal parts in stewarding financial well-being, yet their distinctions merit thoughtful consideration. Asset managers focus on optimizing investments, while wealth managers adopt a broader perspective, incorporating comprehensive financial planning. As you stand at this crossroad, it is not just about labels; it is about figuring out whether you want the precision of asset management or the all-encompassing approach of wealth management to steer your career in the right direction. This article explores the subtleties, duties, potential routes, and factors to consider when making this crucial choice by delving into the specifics of each career choice. Read More: Importance of management in an organization What is an Asset Manager? Let us start with “Who is an asset manager?” An Asset Manager is a financial professional entrusted with the strategic management of assets within an investment portfolio. Tasked with optimizing returns and managing risks, asset managers meticulously analyze market trends and economic indicators. Whether overseeing individual or institutional funds, their expertise lies in crafting diversified portfolios and adapting strategies to meet specific financial goals. An in-depth knowledge of financial markets and effective communication are essential to their position. What is a Wealth Manager? Conversely, a Wealth Manager operates as a comprehensive financial advisor, guiding clients through a spectrum of financial decisions. Beyond investment management, wealth managers delve into tax planning, estate management, retirement strategies, and more. Their holistic approach ensures a nuanced understanding of a client’s financial landscape, facilitating the creation of bespoke, long-term wealth management plans tailored to individual needs and aspirations. Differences between Asset manager & Wealth Manager Asset Manager: Nature of Job The nature of an Asset Manager’s job revolves around the precision and agility required in navigating the financial markets. It is a role entrenched in data analysis, strategic decision-making, and constant adaptation to market dynamics. Asset managers operate in a fast-paced environment, leveraging their analytical prowess to make informed investment decisions. Their focus is on optimizing portfolios to achieve specific financial goals, necessitating a keen understanding of risk management and a continuous commitment to staying ahead of market trends. The nature of the work requires not only technical proficiency but also the capacity to confidently and concisely convey to clients complex financial insights. Also Read: What you can earn across job roles in asset management? Roles & Responsibilities: Portfolio optimization: Asset managers engage in the meticulous construction and optimization of investment portfolios. This involves a rigorous selection process, balancing risk and returns to align with specific financial objectives. Risk analytics: Asset managers employ advanced analytics to assess and mitigate risks associated with various investment instruments, ensuring the preservation and growth of assets through data-driven decisions. Market intelligence: A constant vigilance over market trends and economic indicators is paramount. Asset managers conduct thorough research, utilizing sophisticated tools and models to identify opportunities and threats in the dynamic financial landscape. Client engagement: Regular and transparent communication with clients is pivotal. Asset managers must articulate complex financial insights in a comprehensible manner, fostering confidence in their decision-making. Skills: Quantitative proficiency: Asset managers require a high degree of quantitative skills to analyze vast datasets and make precise investment decisions. Strategic thinking: The capacity to create and carry out winning investment plans that are in line with client objectives and market conditions. Technological competence: Familiarity with advanced financial technologies and analytics tools is crucial for efficient portfolio management. Regulatory expertise: Staying abreast of evolving financial regulations and ensuring compliance is paramount. Wealth Manager: Nature of job A Wealth Manager’s role is characterized by a holistic and client-centric approach to financial well-being. It involves in-depth engagements with clients, understanding their unique financial aspirations, and crafting comprehensive plans that extend beyond mere investment portfolios. The nature of the job requires a blend of financial acumen, interpersonal skills, and a deep commitment to the long-term financial success of clients. Wealth managers navigate not only the intricacies of investment strategies but also the complexities of estate planning, taxation, and retirement. This role is inherently client-focused, demanding strong interpersonal relationships and effective communication to guide clients through the complexities of their financial journeys. The nature of a wealth manager’s job is marked by a personalized and strategic approach to financial planning tailored to individual client needs. Roles & Responsibilities: Holistic financial planning: Wealth managers operate on a comprehensive scale, meticulously planning investments, retirement, estate, tax, and more. Client-centric approach: Central to the role is the cultivation of deep and enduring relationships with clients. Wealth managers must understand not just financial goals but also the unique preferences and values of their clients. Diversification mastery: Crafting a diversified portfolio is a skill for wealth managers. They navigate a multitude of investment options to build a robust strategy aligned with the client’s risk tolerance and overall financial objectives. Estate architecture: Wealth managers delve into the intricacies of estate planning, ensuring seamless transitions and tax-efficient structures for the transfer of assets to future generations. Skills: Interpersonal skills: Wealth managers require exceptional interpersonal skills to establish trust and understanding with clients, often dealing with sensitive and personal financial matters. Strategic financial planning: A profound understanding of financial planning principles, taxation, and legal frameworks is essential for crafting holistic financial plans. Adaptability: The financial landscape and client circumstances are ever-evolving; wealth managers must adapt strategies accordingly. Communication proficiency: Clear and effective communication is crucial for translating complex financial concepts into actionable insights for clients. Asset manager career path A career in asset management typically evolves through distinct stages. Starting at entry-level positions, such as financial or investment analysts, individuals gain foundational knowledge and analytical skills. Progressing to portfolio manager roles, they become responsible for constructing and overseeing investment portfolios. Advancement into senior or executive positions involves broader oversight of asset management, client relations, and organizational strategy. Continuous learning, industry certifications, and a proven track record contribute to career growth. Successful professionals in asset management exhibit effective communication, adaptability, and strategic thinking as they navigate the dynamic landscape of financial markets and investment management. Highest Salary of Asset Manager: ₹ 15.0 Lakhs Check out: Asset manager career path Wealth Manager career path The trajectory of a wealth manager’s career typically initiates in entry-level positions, such as financial advisor or associate, where foundational financial planning and client relationship skills are honed. Advancing to roles like senior financial advisor or wealth advisor, professionals take on more nuanced portfolios and strategic financial planning responsibilities. Progression may lead to leadership positions, such as vice president or director of wealth management, involving team management and business development. Further advancement to executive roles, including Chief Wealth Officer, signifies overseeing the entire wealth management division and contributing to the strategic direction of the firm. Continuous learning, client satisfaction, and a commitment to ethical financial practices are pivotal elements shaping the success of a wealth manager’s career. Highest Salary of Wealth Manager: ₹11.7 Lakhs Also Read: Advantages of online learning: How to make the most out of it Asset Manager or Wealth Manager: What’s best for you? Choosing between a career: asset vs. wealth manager involves considering personal inclinations. Asset Managers often thrive in analytical environments, drawn to market intricacies and investment strategies. On the flip side, wealth managers flourish in client-centric roles, building relationships and offering comprehensive financial guidance. Determining the best fit requires introspection—whether one is more drawn to the quantitative aspects of a market analysis or finds fulfillment in understanding clients’ financial aspirations and tailoring solutions. Reflecting on innate strengths and preferences aids in aligning with the unique demands of each role, guiding individuals toward a career path that resonates with their intrinsic motivations and professional goals. Why choose TAPMI’s online MBA BKFS TAPMI’s online MBA in BKFS (Banking and Financial Services) is an unrivaled choice for those aspiring to excel in the dynamic finance landscape. Renowned for its academic rigor, TAPMI ensures a cutting-edge curriculum that aligns with industry demands, offering a deep dive into financial principles, risk management, and emerging trends. The program boasts a faculty comprising industry experts and provides a robust platform for networking and skill development. TAPMI’s commitment to fostering leadership and innovation, coupled with its flexible online format, makes it an ideal choice for individuals aiming to advance their careers in the dynamic realm of banking and financial services. Also Read: Differences between MBA in BFSI & MBA in BKFS Conclusion We hope this article helped you answer the question, “Who is a wealth manager and asset manager?” In the dynamic world of finance, this choice is not just a career decision; it is a strategic alignment with your professional identity and goals. Armed with this knowledge, you can undertake your career journey with confidence, knowing that your chosen path aligns with your unique skills, aspirations, and the financial landscapes you aim to navigate. To excel in both spheres, consider the strategic advantage of TAPMI’s online MBA in Banking and Financial Services (BKFS). This program provides a well-rounded education, combining the analytical prowess needed for asset management with the comprehensive skills essential for wealth management. Elevate your professional journey and position yourself for success in both fields. Choose TAPMI for a transformative educational experience that equips you to face the ever-changing demands of the finance sector.
In-demand skills BFSI professionals will acquire after an MBA in BKFS In the current era of financial intricacies and technological advancements, the demand for professionals with an MBA in BKFS (Banking and Financial Services) is pronounced. This specialized program is designed to meet the evolving needs of the industry, offering a blend of traditional financial expertise and contemporary strategic acumen. As businesses navigate complex economic landscapes, the skills acquired through this MBA become paramount. From honing analytical skills for astute decision-making to fostering adaptability in the face of technological disruptions, graduates are well-prepared for the challenges of the financial world. This program equips professionals with an extensive set of skills, ensuring them a successful and influential career in the fast-paced banking and financial services industry. This post delves into the intricate details of the in-demand skills professionals can expect to cultivate through an MBA in BKFS. Check out: Thriving in the BFSI Industry: Essential skills for today’s professionals Key skills you will get with an MBA in BKFS The MBA in BKFS not only imparts theoretical knowledge but also provides a practical, skills-oriented education. Graduates emerge equipped with a sophisticated understanding of financial intricacies and a diverse skill set that positions them as adept leaders in the dynamic landscape of banking and financial services. Advanced Financial Management The MBA in banking and financial services delves into advanced financial management, encompassing intricate concepts such as capital structure optimization, financial modeling, and risk mitigation strategies. Through case studies and simulations, students gain hands-on experience in navigating the complexities of financial decision-making within an organizational context. Financial Reporting & Analysis Rigorous coursework covers the nuances of financial reporting standards, enabling students to interpret and analyze financial statements effectively. This includes a deep dive into ratios, cash flow analysis, and the ability to discern the financial health of a business. Graduates emerge with the proficiency to communicate complex financial information with clarity and precision. Corporate Restructuring The program offers an in-depth examination of corporate restructuring, exploring the intricacies of mergers, acquisitions, and divestitures. Through case analyses and strategic simulations, students learn to assess the financial viability of restructuring initiatives, considering factors such as synergy, integration challenges, and stakeholder impact. Investment Analysis The curriculum places a strong emphasis on investment theory and practice. Students engage in comprehensive analyses of securities, evaluating risk and return profiles. The program incorporates real-world investment scenarios, allowing students to construct and defend investment strategies based on thorough analyses of market trends, economic indicators, and company performance. Portfolio Management Students are exposed to the principles of portfolio construction and optimization. Through simulations and practical exercises, they develop the ability to balance diverse assets, manage risk, and adapt portfolios to changing market conditions. The emphasis is on constructing portfolios that align with clients’ financial goals while optimizing performance. Analytic skills The program sharpens analytical skills through quantitative methods, statistical analysis, and financial modeling. Students tackle complex financial problems, honing their ability to synthesize information, identify trends, and make data-driven decisions. Case-based learning enhances critical thinking and problem-solving skills in diverse financial scenarios. Also Read: Why BFSI professionals must possess analytics skills Digital skills Recognizing the increasing role of technology in finance, the MBA program integrates digital skills training. This encompasses familiarity with financial software, data analytics tools, and an understanding of blockchain and fintech innovations. Graduates are well-versed in leveraging technology to enhance operational efficiency, risk management, and customer experience within the financial sector. Acquiring this skill after an MBA positions individuals as strategic leaders capable of not only understanding but also shaping the intricate dynamics of the financial world. TAPMI’s online MBA BKFS curriculum TAPMI’s online MBA BKFS curriculum stands out by incorporating avant-garde subjects tailored to cultivate pivotal skills in the ever-evolving financial landscape. With a focus on emerging trends like fintech, blockchain, and data analytics, the program ensures participants acquire a profound understanding of contemporary financial dynamics. The curriculum not only meets the demands of the current financial industry but also proactively prepares students to thrive in an environment where innovation is key. TAPMI’s commitment to integrating new-age subjects underscores its dedication to producing graduates equipped with the expertise needed to excel in today’s dynamic financial services sector. The semester-wise syllabus of the program is as follows: Semester 1 Financial Accounting Corporate Finance – I Managerial Economics Business Statistics Marketing Management Organizational Behavior Indian Financial System & Financial Markets Storytelling with Data Strategic Decision Making and Value Creation IT In Banking Semester 2 Financial Statement Analysis Macroeconomics Management Accounting Corporate Finance- II Financial Econometrics Insurance Management Human Resource Management Financial Product Selling Economic Policy Analysis Operations Management Semester 3 FinTechs & Role of Emerging Technologies in Finance Analytics in Finance & Banking Financial Engineering & Structured Finance Financial Modeling Using Excel & VBA Treasury & Asset Liability Management Fraud Risk Management & Forensic Accounting International Banking & Foreign Exchange Risk Management Mergers & Acquisitions Fixed Income Securities Semester 4 Financial Derivatives Global Capital Markets Technical Analysis Market Microstructure Investment Management Business Analysis & Valuation Corporate Restructuring Behavioral Finance Private Equity & Venture Capital Investment Banking & Value Investing Also read: What is TAPMI’s MBA-BKFS? Is it available online? Top jobs you will get after an MBA in BKFS The roles within this sector involve navigating complex financial landscapes, contributing significantly to the success and stability of financial institutions and the wealth management industry. The jobs after MBA in banking and financial services include: Wealth Manager: Wealth managers operate at the intersection of finance and personalized service. They engage high-net-worth clients to comprehend their financial goals, risk tolerance, and investment preferences. Crafting tailored investment strategies, wealth managers navigate diverse asset classes, including equities, fixed income, and alternative investments. Continuous monitoring of market trends and reassessment of portfolio allocations ensure clients’ financial objectives are met. Highest Annual Salary: ₹11.7 Lakhs Credit Risk Analyst: Credit risk analysts are pivotal in maintaining the financial health of lending institutions. They meticulously evaluate the creditworthiness of borrowers by analyzing financial statements, credit histories, and economic indicators. Utilizing sophisticated risk models, they quantify potential risks and recommend risk mitigation strategies. Collaborating with underwriters and other stakeholders, credit risk analysts contribute to sound decision-making, balancing lending opportunities with risk management imperatives. Highest Annual Salary: ₹21.0 Lakhs Investment Banker: These architects of financial transactions advise corporations and institutions on mergers, acquisitions, and capital raising. Conducting thorough financial analysis, investment bankers assess valuation metrics, negotiate terms, and structure deals. Relationship-building is crucial as they interact with clients, legal teams, and regulatory bodies. Proficiency in financial modeling, keen market awareness, and adeptness in navigating intricate legal and regulatory environments are essential for this position. Highest Annual Salary: ₹51.0 Lakhs Asset Manager: Asset managers are stewards of capital entrusted by clients. They conduct in-depth market research, evaluating risk-return profiles across diverse asset classes. Portfolio optimization involves strategic asset allocation and periodic rebalancing to align with the client’s investment objectives. Asset managers stay attuned to global economic trends, geopolitical events, and emerging opportunities. Effective communication and transparent reporting foster trust, as clients rely on asset managers to navigate market uncertainties and deliver consistent returns. Highest Annual Salary: ₹14.6 Lakhs Financial Risk Analyst: Financial risk analysts play a critical role in safeguarding an organization’s financial stability. They identify and assess various risks, including market volatility, credit defaults, and operational inefficiencies. Utilizing quantitative models, financial risk analysts quantify potential impacts and develop risk mitigation strategies. Communication skills are essential as they convey risk assessments to key stakeholders, supporting informed decision-making. Highest Annual Salary: ₹15.5 Lakhs Also Read: Managerial roles to explore in the new-age BFSI sector Why pursue TAPMI’s online MBA in BKFS TAPMI’s online MBA in BKFS (Banking and Financial Services) emerges as an unparalleled choice for career elevation in finance. This AACSB-accredited program’s distinction lies in its commitment to fostering holistic financial leaders. With a faculty of seasoned experts and a robust industry network, TAPMI facilitates immersive learning experiences. The emphasis on real-world applications and case studies cultivates critical thinking and strategic decision-making skills. The dynamic online platform ensures flexibility without compromising the quality of education, making it an ideal choice for working professionals. Choosing TAPMI’s online MBA in BKFS not only signifies a commitment to excellence but also positions individuals for success in the competitive realm of banking and financial services. Also Read: Importance of AACSB accreditation for online MBA Conclusion In the competitive landscape of banking and financial services, professionals seeking career advancement recognize the transformative impact of an MBA in BKFS. The skills acquired through such programs extend beyond traditional financial expertise, encompassing strategic management, technology integration, and ethical decision-making. This multifaceted skill set positions professionals as agile and capable leaders, ready to navigate the complexities of the financial world. As the demands of the industry evolve, so does the preparedness of those equipped with such a comprehensive education. For those seeking a pathway to success in the financial sector, consider the Online MBA in Banking and Financial Services at TAPMI—a program designed to shape professionals into leaders, ensuring a prosperous and fulfilling career in the ever-changing landscape of finance. So, enroll right away and define your future with TAPMI’s Online MBA BKFS.
High-paying finance roles to explore after MBA BKFS Pursuing an MBA in BKFS (Banking and Financial Services) sets forth a transformative journey, one that not only enriches your understanding of the financial landscape but also propels you into a realm of high-paying finance roles. This specialized program delves deep into financial strategies, risk management, and cutting-edge technologies shaping the industry. As the financial industry continues to evolve, the demand for skilled professionals with a nuanced understanding of economic intricacies is on the rise. With a focus on cultivating leadership and analytical prowess, an MBA BKFS positions graduates as sought-after professionals in roles such as Investment Banking, Corporate Finance, and Financial Consulting. The program not only hones financial acumen but also instills strategic thinking and effective decision-making, making it a pivotal stepping stone for those aspiring to excel in lucrative finance careers. This post explores the diverse array of high-paying finance roles that await those armed with the strategic insights and analytical acumen honed through an MBA BKFS. Also read: Top emerging technologies in financial services and how to upskill in them Top finance jobs to explore after MBA BKFS Embarking on a post-MBA journey in Banking and Financial Services unveils a landscape of impactful roles, each contributing uniquely to an organization’s financial success. In each of these finance roles, individuals must possess a blend of strong analytical skills, financial acumen, strategic thinking, and effective communication. The key job roles in the career after MBA in banking and finance include: Chief Risk Officer (CRO): In an organization, the Chief Risk Officer is in charge of managing the risk management system, making it a vital position. This entails locating, assessing, and reducing risks that might affect the organization’s bottom line. In addition to implementing risk management methods and working with several departments to maintain regulatory compliance, the CRO offers strategic advice for navigating a complicated risk landscape. Highest Annual Salary: ₹ 102.0 Lakhs Chief Financial Officer (CFO): The Chief Financial Officer oversees an organization’s operations and financial strategy. CFOs are essential in capital allocation, strategic decision-making, and upholding efficient stakeholder communication. Planning, budgeting, analyzing, and reporting finances are all facets of this role. Their duties also encompass investor relations, where they convey updates on the organization’s economic health and prognosis. Highest Annual Salary: ₹101.0 Lakhs Investment Banker: Investment bankers assist firms and governments with complex financial transactions. These personnel conduct comprehensive financial analysis and due diligence and provide strategic advice to clients, enabling them to make informed decisions in dynamic financial markets. Their areas of competence include capital raising, IPOs, and mergers and acquisitions. Highest Annual Salary: ₹ 51.0 Lakhs Financial Risk Manager: Specializing in risk management, Financial Risk Managers focus on identifying and mitigating various financial risks. This includes market risk, credit risk, and operational risk. Utilizing sophisticated models and risk management techniques, they aim to ensure the organization can navigate turbulent financial environments while optimizing returns on investments. Highest Annual Salary: ₹ 24.0 Lakhs Financial Analyst: Financial analysts carry out in-depth financial analysis, which is vital to decision-making. They create projections, analyze investment prospects, and analyze an organization’s financial performance. Through data-driven insights, Financial Analysts provide recommendations that assist organizations in making informed and strategic financial decisions. Highest Annual Salary: ₹ 12.0 Lakhs Asset Manager: Asset Managers are entrusted with the responsibility of managing investment portfolios on behalf of clients. It entails selecting a wide range of investments, monitoring their performance, and making calculated updates to optimize returns. Asset Managers leverage their deep understanding of financial markets and investment opportunities to align portfolios with clients’ financial goals. Highest Annual Salary: ₹ 14.6 Lakhs Read More: Asset manager career path Top companies you can work for after MBA BKFS Here’s a glimpse into the professional landscapes of select companies that stand as beacons of excellence in this dynamic sector. Goldman Sachs: An eminent player in global finance, Goldman Sachs offers MBA graduates in Banking and Financial Services a stimulating platform to engage in intricate financial transactions and contribute to the firm’s distinguished legacy. Morgan Stanley: Acknowledged for its prowess in financial services, Morgan Stanley provides MBA professionals with an intellectually challenging environment, allowing them to participate in sophisticated financial endeavors and strategic initiatives. Boston Consulting Group: As a premier management consulting entity, BCG beckons MBA graduates to immerse themselves in high-profile projects, navigating complex business challenges, and shaping strategic decisions for a diverse clientele. TATA Capital: Affiliated with the esteemed TATA Group, TATA Capital beckons MBA professionals to contribute to a spectrum of financial domains, leveraging their skills to drive economic growth and innovation within India’s financial landscape. Capgemini: Leading the world in technology services and consulting, Capgemini provides MBA graduates with an intellectually stimulating platform to apply strategic insights, contributing to digital transformation and pioneering solutions in the business landscape. Alstom: A global leader in sustainable transportation, Alstom presents MBA professionals with the opportunity to shape the future of mobility, engaging in projects that align with the company’s commitment to innovative and eco-friendly transportation solutions. Deloitte: As a preeminent professional services firm, Deloitte offers MBA professionals diverse opportunities in audit, consulting, tax, and advisory, empowering them to navigate the dynamic business terrain and drive client success. ICICI Bank: A key player in the banking sector, ICICI Bank invites MBA graduates to apply their financial acumen, contributing to the strategic growth and operational excellence of one of India’s leading private banks. Also read: Why BFSI professionals should stay abreast of trends in banking Why you should pursue an MBA in BKFS from TAPMI Opting for an online MBA in the BKFS program at TAPMI provides a strategic foundation for professionals seeking lucrative roles in the financial sector. TAPMI’s curriculum is meticulously designed, encompassing key subjects that deliver a nuanced understanding of contemporary financial complexities. The program’s distinctive approach integrates real-world case studies and practical applications, fostering critical problem-solving skills essential for high-paying financial roles. It maintains adaptability, incorporating insights into technological advancements and industry transformations. TAPMI’s significant industry affiliations distinguish it as a prime choice for aspiring finance professionals. Internships, live projects, and placement opportunities with prominent financial institutions are facilitated, enhancing graduates’ practical insights and employability. The faculty, composed of seasoned professionals, contributes invaluable practical wisdom derived from navigating the financial landscape. TAPMI prioritizes leadership development. Graduates not only acquire financial expertise but also cultivate an extensive set of skills after MBA in banking and finance. The extensive alumni network further augments career prospects, connecting graduates with influential professionals and creating pathways to high-paying positions within the financial services sector. In summary, TAPMI’s online MBA program serves as a comprehensive investment, positioning graduates for success in the competitive and rewarding field of finance. Read More: Unlock opportunities in the BFSI sector with TAPMI’s online MBA-BKFS Conclusion Embarking on a post-MBA journey in Banking and Financial Services unfolds a myriad of possibilities within the domain of high-paying finance roles. Whether steering the financial strategies of corporations, providing strategic consultancy, or navigating the intricate world of investments, the skills acquired through an MBA BKFS pave the way for a rewarding and financially successful career. The financial industry, driven by complexity and change, values expertise, and as an MBA BKFS graduate, you not only possess the key to unlocking career satisfaction but also a future marked by substantial financial success. As you envision your trajectory, consider the transformative power of TAPMI’s online MBA BKFS. With a legacy of excellence and a commitment to shaping financial leaders, TAPMI provides the comprehensive toolkit needed to thrive in the competitive world of finance. Seize the chance to excel, embrace the journey, and let TAPMI be your cornerstone while building a successful and prosperous career by undertaking high-paying finance roles. Also read: Core concepts you will learn in an online MBA in BKFS
Indo-Canadian relations: A closer look at the challenging dynamics The relations between India and Canada may have an impact on citizens of both nations and raise concerns about national security. Trade, immigration, cultural exchanges, and diplomatic exchanges are a few things that can be impacted by bilateral relations. It’s crucial to consider that relationship between two countries is multifaceted and subject to change over time due to changing political, economic, and social circumstances. Likewise, the relationship between India and Canada has indeed seen various shifts and challenges over time, involving multiple dimensions. Check out: Increasing demand for business education and non-tech jobs Factors contributing to the complexities of Indo-Canadian relationship Trade & economy: Trade disputes, barriers, or disagreements over trade policies are few issues which can get impacted and affect economic ties. Divergent perspectives of both nations over trade policies affect jobs, investment, and economic stability. Immigration and visa issues: The ease with which nationals of one country can travel, study, work, or immigrate to another can be influenced by diplomatic ties. Any change in immigration or visa regulations may influence people and families who want to move to either of the two countries. Cultural and educational exchanges: Such exchanges help individuals from different cultures understand one another, work together, and build lasting relationships. Research collaborations, scholarships and programs, exhibitions and cultural events, artistic exchanges, and similar initiatives are among the areas that could be impacted. Security issues: Allegations related to espionage, terrorism, or other security risks involving citizens of either country cause strain diplomatic relations or impact international cooperation. To establish a balance between diplomatic relations and security interests, it is necessary to maintain open communication and collaboration when addressing security challenges. Diaspora communities: Indeed, the significant Indian diaspora in Canada is highly influenced by the relationship between India and Canada. The diaspora’s opinions, activities, and concerns are often intertwined with the diplomatic ties between the two nations. As a bridge between the two countries, the Indian diaspora in Canada greatly enhances people-to-people interactions, economic ties, and cultural exchanges. Their activities and opinions often reflect the state of bilateral relations and can, in turn, influence public discourse and policies concerning both countries. While strained relations might affect how the community is perceived, positive relations can foster sense of pride and identity. International arrangements and cooperation: The efficacy of Canada and India’s cooperation on a range of international issues is significantly influenced by the strength of their bilateral relations. Effective cooperation on global concerns requires smoother communication, mutual trust, and understanding between the two countries, all of which can be facilitated by robust and positive bilateral relationship. In the context of climate change, strong bilateral ties can facilitate the sharing of technological innovations, the exchange of best practices, and the coordination of efforts to achieve climate goals, including the reduction of carbon emissions and the promotion of renewable energy. Similarly, in the realm of global health, collaboration can involve sharing expertise, resources, and research findings to combat diseases, improve healthcare systems, and respond effectively to pandemics or health crises. A solid bilateral relationship fosters cooperation in these critical areas, enabling quicker responses and better allocation of resources. Legal Implications: International law and extradition agreements can be greatly impacted by the legal ramifications which follow an incident. Several legal factors, including investigations, trials, and possible extradition demands, are involved when an incident happens involving people from different countries or jurisdictions. The legal procedures and investigations conducted by the involved countries can affect how extradition requests are processed. Cooperation in sharing evidence and information is crucial in building a strong case for extradition. If the incident leads to trials in one or both countries involved, the legal proceedings, fairness of trials, and adherence to international legal standards become paramount. Legal aspects shape how countries collaborate in legal matters, respect each other’s legal systems, and uphold the principles of justice and fairness in cross-border cases is must in bilateral ties. Public attitude: Media coverage and political discourse can heavily influence how people perceive the incident and subsequently shape their attitudes and opinions. Politicians often leverage such incidents to advance their agendas or policies. Incidents involving two nations can evoke a sense of national pride or identity among citizens. Depending on how the incident is portrayed, it can either strengthen or strain the relationship between the nations involved, impacting public sentiment towards the other country. Public opinion can influence policy decisions. If an incident captures public attention and creates strong emotions, governments will be pressurized to take specific actions, whether in terms of imposing sanctions, altering trade relations, or re-evaluating diplomatic ties. Overall, incidents between nations can significantly change public attitudes through media portrayal and political discourse. These attitudes can, in turn, influence the direction of policies, diplomatic relationships, and public sentiment towards the countries involved. Human rights concerns: Political activism or separatist movements might involve expressions of dissent or advocacy for certain causes. Any restrictions on freedom of expression or peaceful assembly in these contexts can draw attention to potential human rights violations. Separatist incidents sometimes stem from grievances of marginalized or minority groups. If these groups face discrimination or violations of their rights, it can lead to international scrutiny and calls for protection of minority rights. Human rights concerns stemming from separatist or activist incidents may trigger diplomatic discussions, resolutions at international forums, or calls for investigations by human rights bodies. Addressing human rights concerns in these situations often requires a subtle balance between maintaining law and order and respecting fundamental human rights. International scrutiny serves as a mechanism to ensure that states uphold their obligations under international human rights law and respect the rights of individuals and groups involved in such incidents. The role of External Affairs Ministry (EAM) or the High Commission in such circumstances become paramount to sustain global peace and harmony. However, nationals of both nations must be informed about state of local security through official channels or embassy. The sense of connect with government agencies can be beneficial for networking, social support, and getting access to services and events. This could preserve safety and wellbeing of nationals and facilitates communication & assistance in case of emergencies or other undesirable circumstance. Also read: Why choose an MBA in international business Explore the intricacies of global business and relations with a business degree For those fascinated by the dynamic world of domestic and international business, a business degree like a Bachelor of Business Administration (BBA) sets the stage. Embark on this journey with Manipal University Jaipur’s online BBA degree, offering a comprehensive understanding of diverse business concepts. This program enables learners to navigate the evolving business landscape effectively, opening doors to various career options aligned with their passion and skillset. Uncover the potential of global business and relationships while gaining the skills needed for a successful career in this dynamic field.
Marketing 6.0: Captivating the future The evolution of marketing Being at the cusp of a new age, Marketing 6.0, in the ever-changing field of marketing, has traveled from conventional ideas to state-of-the-art technology through Marketing 1.0 to 5.0. Marketing has evolved rapidly over the years. From talking about products (1.0) to interacting with people (2.0), adopting human values (4.0), embracing digitalization (4.0), to even mingling with artificial intelligence (5.0).. Marketing 6.0 engages customers, with the significance of sustainability themes and cutting-edge technologies. It also addresses global concerns and evolving customer expectations. Although omnichannel and multichannel marketing is now commonplace, Marketing 6.0 goes one step further with Meta Marketing, which blurs the lines between the digital and physical worlds to offer a seamless and immersive customer experience. Also read: In-demand digital marketing skills What is marketing 6.0? Meta Marketing, a term derived from the Greek word “meta,” which means beyond or transcending, is the central idea of Marketing 6.0. Customers can have an immersive experience with meta-marketing that transcends traditional and digital barriers, making it impossible for them to distinguish between the real and virtual worlds. The building blocks of Marketing 6.0 Extended realities, metaverses, and technology enablers are the cornerstones of Marketing 6.0. The first layer is made up of technological enablers that connect digital and physical experiences. The second layer is made up of two distinct environments: metaverses (virtual worlds that mimic the actual world) and extended realities (digitally enhanced physical spaces). The top layer includes digital experiences, marketing in metaverses, multimodal customer engagement and spatial 3D experiences. Check out: Augmented reality: The future of marketing Marketing 6.0 is powered by five advanced technologies. With the help of cutting-edge technologies, Marketing 6.0 creates immersive experiences. Internet of Things (IoT) – Real-time data from physical surroundings is captured via the Internet of Things (IoT), allowing for location-based and timely client engagement. Artificial intelligence (AI) – By mimicking human cognitive abilities, artificial intelligence (AI) enables customized one-to-one marketing campaigns based on current data from Internet of Things (IoT) sources. Spatial computing – The integration of digital and physical experiences is made possible by spatial computing, which makes digital interaction possible in real-world settings. VR & AR – Virtual reality (VR) and augmented reality (AR) allow customers to examine products through immersive and interactive experiences that revolutionize customer engagement. Blockchain Technology – Content creators now have ownership and control over their work through blockchain technology, a revolutionary decentralized internet technology that paves the way for community-driven metaverses with their currencies and trading networks. This smooth technological integration characterizes the marketing environment. By delivering more engaging and interactive consumer experiences in both digital and physical venues, meta marketing facilitates a true convergence of the physical and digital worlds. Organizations must embrace meta-marketing since it is becoming crucial for interacting with Generation Z and Generation Alpha. Also read: What are the 4As of marketing? Delve into interesting marketing concepts with MUJ’s online MBA in marketing Manipal University Jaipur (MUJ)’s online MBA in Marketing offers an immersive exploration of contemporary marketing concepts. The program delves into strategic marketing, brand management, consumer behavior, and marketing strategies. MUJ focuses on real-world applications, providing insights into market analysis, product development, and effective communication strategies. With an emphasis on industry-relevant case studies, students gain practical insights into marketing challenges. The online format ensures flexibility, enabling working professionals to enhance their skills and stay current with the latest marketing trends. MUJ’s program not only equips students with theoretical knowledge but also encourages critical thinking and creativity, preparing them for dynamic roles in the ever-evolving field of marketing. Join MUJ’s online MBA in Marketing to advance your career and become a strategic marketing leader.
