What is Merchant Banking: Definition, responsibilities, careers, and more Merchant banking refers to a specialized area of banking that offers financial advice and solutions to individuals, corporations, and the government with a high net worth. They function slightly differently from conventional banks that are primarily involved in loans and deposits. This blog aims to provide a detailed merchant banking overview and help you understand how this can be a potential career option for you. How does Merchant Banking work? We learned briefly about what exactly merchant banking entails at the start of this blog. Let us now take a quick look at how it works. Merchant bankers essentially serve as mediators between their clients and financial markets. Their role is to assist the clients in functions like risk management, capital-raising, and investment decisions. Some of the core services they provide clients include syndication, portfolio management, financing projects, underwriting, acquisitions and mergers, and corporate restructuring. Functions of merchant banking Let us now understand some of the key functions of Merchant Bankers in India. Listed below are some of the top merchant banking responsibilities: Assisting with organizational restructuring of corporations Facilitating mergers and acquisitions of companies Guiding portfolio companies on value enhancement Helping to mitigate the risks involved in business operations Assisting companies in raising funds via equity share issuance Enabling conversion of foreign currencies and foreign exchange transactions Helping companies go public by providing underwriting services Offering expertise in financing industrial projects Providing corporate advisory services Managing investment portfolios for high net-worth clients Conducting a detailed analysis of industries, sectors, market trends, and economic conditions for making informed investment decisions How to establish a career in merchant banking? If the above profile description of a merchant banker sounds like you and you are keen on exploring the possibility of charting out a career path for yourself in the domain, here is a step-by-step approach to how to enter merchant banking careers: Get an undergraduate degree in one of the following domains – economics, accounting, finance, or business administration. You may consider pursuing an advanced degree or postgraduate qualification such as a Master’s or MBA in finance or a related field of study for skill enhancement. Work on earning the relevant skills and technical knowledge in tools such as Bloomberg and Excel. Also work on your soft skills such as communication, both written and verbal, to be able to convey complex financial information to customers in a more digestible way. Keep securing add-on certifications in the domain, for instance, CPA, CFA, and the relevant securities licenses. Work towards obtaining the desired professional experience by taking up internships or fresher roles in the finance or investment industries. Build your network. Join professional associations and attend industry events to network with experts. Build your niche. It could be a specialization in a specific industry or service such as capital-raising, M&A, and corporate restructuring. Stay abreast of the latest market trends and participate in continuous learning opportunities via webinars and knowledge workshops. Benefits of merchant banking Some of the top advantages of entering the domain and considering careers in merchant banking are listed as follows: Merchant bankers offer expert guidance and advice to organizations in matters like mergers, acquisitions, and investments. They help clients identify potential opportunities for investment and help them make informed decisions. They offer continual support to individuals and organizations in risk mitigation. They help ensure compliance with anti-money laundering laws, securities laws, and tax regulations. They help conduct a thorough analysis of the risks involved in client investments. Examples of merchant banking To help you better understand the merchant banking job roles and how they play an integral role in the banking and finance industry, let us take a few simple examples: Example 1: A startup tech company wishes to expand its operations in the market. A merchant banker can help in the following ways – Underwriting the IPO Ensuring compliance with laws and regulations Offering expert advisory services Helping market the company’s shares to potential investors to generate sufficient demand With the help of merchant bankers, the company is likely to go public successfully, raise the desired capital, and expand its wings in the targeted market. Example 2: A mid-sized firm is considering acquiring a relatively smaller competitor company to increase its market share. Here’s how merchant banking can play a vital role in this scenario: Identifying potential targets for acquisition that best align with the company’s objectives Assistance in negotiating the acquisition terms Identifying any potential risks involved in the acquisition Conducting a thorough evaluation of the target to determine a fair price for the acquisition Helping arrange the desired financing for the acquisition to happen, for instance, equity or loans As a result of the advice and expert guidance of the merchant banker, the company can successfully acquire its competitor and achieve its desired market share and objectives. Top 10 merchant banks in India If you’re keen on kickstarting your career in merchant banking, shared below is a comprehensive list of the top 10 merchant banks in India that you can consider working with: Axis Capital Limited A subsidiary of Axis Bank, it offers services such as mergers and acquisitions, structured finance, equity capital markets, private equity, and institutional equities. HDFC Bank Investment Banking Its investment banking division offers a host of services to clients, such as debt advisory services and advice on equity capital markets. SBI Capital Markets Limited One of the leading investment banks in India, it is a subsidiary of the State Bank of India. Services include project advisory, capital market advice, and M&A Avendus Capital Serving a variety of sectors with a strong presence in the Indian capital market, the bank is renowned for its robust advisory services, including in private equity, M&A, and debt capital markets. Motilal Oswal Investment Advisors The company offers a host of merchant banking services such as private equity, capital market advisory, and corporate restructuring. ICICI Securities Limited One of the top names in the investment banking sector, it is a subsidiary of the renowned ICICI Bank offering a wide range of services spanning institutional securities, financial advisory, investment banking, and retail and financial product distribution. Kotak Mahindra Capital Company Limited A subsidiary of Kotak Mahindra Bank, the bank offers M&A, capital-raising, and advisory services to clients. JM Financial Limited Services include M&A, corporate restructuring, capital raising, and advisory services. Edelweiss Financial Services Limited Serving a wide range of clients, its merchant banking services range from M&A and equity and debt financing to a host of advisory services to corporates. Yes Securities (India) Limited A fully-owned subsidiary of Yes Bank, its investment banking services include debt capital markets, equity capital markets, M&A, and structured finance. Conclusion Does the merchant banking profile excite you? Does it sound like you? If you’re ready to take the first step to this lucrative and profitable career, enroll in the online BCom and MCom programs by Sikkim Manipal University offered online on the Online Manipal platform. Equipping students with the necessary skills in finance and accounting, the online BCom program by Sikkim Manipal provides a strong foundation in the investment and banking industry. The MCom course builds on that foundation further, assisting students in finding the right roles for themselves in their merchant banking career trajectory.
10 skills required for a Content Writer Thanks to the digital revolution going across the globe, content reigns supreme as the driving force behind engagement, brand awareness, and customer loyalty. Behind every captivating blog post, engaging social media update, and compelling product description lies the expertise of a skilled Content Writer. Content Writers are the architects of digital storytelling, who wield the power of words with precision to navigate the complexities of SEO and understand the psychology of the audience. To succeed in this dynamic field, one needs to master a set of Content Writer skills. Let us understand the essential skills for Content Writers and learn about the best degree to establish a career in content writing. Who is a Content Writer? A Content Writer is a specialized person who masters the art of creating engaging, informative, and valuable content for different niches and different digital platforms. Content Writers possess a diverse range of skills, and based on these skills, he/ she plays a crucial role in digital marketing strategies to help businesses attract and retain customers and improve their online presence. Strong writing skills are fundamental, and apart from that the main Content Writer competencies include proficiency in grammar, and style to produce clear and concise articles. Such a professional is also expected to excel in Search Engine Optimization (SEO) skills to optimize the content for search engines and improve its overall visibility. 10 key Content Writer skills No doubt, becoming a Content Writer offers a rewarding career filled with bright opportunities to showcase and develop a diverse set of skills. Adaptability, creativity, research, communication, writing, editing, proofreading, and time management are some of the Content Writer skills and we will be talking about 10 such key skills for Content Writers right away: Excellent writing skills Content writing is all about possessing the ability to write clear, concise, and engaging content. The scope is vast for a person, who has strong command over language, grammar, and style. Based on excellent writing skills, a person can produce content that is free of errors and readable by the readers. Understanding the audience Knowing who your readers are and what they are looking for in your content helps to generate better content for the target audience. This understanding of the audience helps in creating compelling and engaging content that is original and informative. Strong research skills Writing engaging and unique content is possible only after thorough research on the subject matter. Content Writers can add depth and value to their content by possessing strong research skills. They should be sharp in analysis to ensure that the content they produce is informative and knowledgeable. Creativity Whether you agree or disagree, creativity is the basic quality of a Content Writer. The skill to weave a story evoking emotions, driving engagement, and thinking outside the box using fresh ideas is what a Content Writer needs to connect with the audience. In short, creativity and storytelling are the skills that help a person stand out as a brilliant Content Writer. Proofreading skills As a Content Writer you must be able to review and edit content using the right grammar rules. This is what we term proofreading and it helps in identifying and correcting errors to improve the overall readability and quality of the content. Adaptability The digital content landscape is ever-evolving and hence, Content Writers need to be adaptable and flexible with the current trends and updates. They should be open to feedback and willing to adjust writing styles to suit the various mediums and formats. There should be a commitment to continuous learning to stay relevant in the field. SEO You can nail it as one of the top Content Writers in the industry by mastering the principles of Search Engine Optimization (SEO) and digital marketing. You must master the art of using keywords effectively and keep yourself updated with the algorithm updates. Familiarity with analytics tools and popular content management systems helps produce engaging and visible content on various search engines. Knowledge of marketing Remember, good command over marketing principles helps create content to support the main business objectives. It helps align the content with broader marketing strategies to contribute to brand awareness and lead generation. Knowledge of social media Content writing and promotion will be tough in the current social-media-powered digital world if you are not familiar with social media platforms and trends. So, one of the key skills of a Content Writer is to have updated knowledge of social media to maximize the content’s reach to the target audience. Effective communication skills Lastly and most importantly, to establish yourself as a successful Content Writer, you ought to work on your communication skills, both written and verbal. Effective communication ensures that the content aligns with the desired goals and is generated after collaborating with the clients, team members, and other stakeholders. Content writer scope in India In the digital era, most of us spend a lot of time reading online content, and imagining any online medium without content has become impossible. The person who conveys this content through the right words with creativity is a Content Writer. Hence, the scope of a career in content writing is immense and never-ending. Listed below are the best career opportunities open for Content Writers: SEO writing Blog writing Social media writing Copywriting Scriptwriting News writing Academic writing Technical writing Ghostwriting Corporate communications Content writer salary in India Like in any other profession, in content writing in India, salaries are based on certain factors such as experience level, skill level, industry, job profile, and location. As writers gain experience and develop their skills, they can progress to mid-level positions. The more experienced Content Writers hired for complex projects can earn a salary of up to INR 6,70,995 per annum. Best degree for a career in Content Writing For those looking to grasp Content Writing expertise, there are various degree courses to pursue that can provide a strong foundation to pave a path as a Content Writer. One such degree program that can develop all the skills that we just talked about in this post is an online MA in English. This 3-year post-graduation degree program not only deepens one’s understanding of the literature, and language but also develops great writing, critical thinking, research, and analytical skills. An online MA in English graduate can embark upon a variety of career opportunities, and content writing is one of the prime areas to try. It is because the person possesses practical content writing skills and can meet the diverse demands and standards of the industry. During the course, the person undergoes rigorous training in critical thinking and interpretation to create content that is creative, original, and authoritative. Conclusion Mastering the essential skills for content writing can significantly enhance your effectiveness and success in this dynamic field. To further elevate your content writing expertise, consider pursuing an online MA in English degree course from Sikkim Manipal University (SMU) through the Online Manipal platform. With the flexibility of an online program, you can balance your studies with your professional commitments, making it a convenient and impactful step toward advancing your career. Get yourself counted in the robust Manipal alumni and grab the opportunity to network globally to learn the latest trends in content writing with a UGC-entitled and NAAC-accredited MA English degree from SMU.
How an MBA prepares you for various HR functions As a career option, Human Resources or HR can be a very exciting and satisfying choice for many. The role involves direct human interaction, employee search, retention, redressal of grievances, and much more, to drive overall organizational success. Skilled professionals are always in demand to carry out complex HR roles with utmost ease and effectiveness, especially as companies increasingly realize and underscore the importance of human resources for growth. MBA degrees in HR are therefore designed to equip students with the desirable skills in the domain. This blog highlights the importance of an online MBA in HR, stressing how it helps prepare graduates for various HR functions in the industry. You may also like: Talent acquisition strategies you’ll learn with an MBA in HR Overview of HR Functions Let us begin with a brief overview of the core HR functions that are a part of the successful working of any organization: Recruitment and Staffing: This is one of the most conventional and primary roles that HR has been playing for decades for companies that they work for. Being responsible for the end-to-end cycle of identifying, selecting, and onboarding the right people for a specific role in the organization is what the HR department is always known for. It is a foundational step to building a strong workforce. Employee Relations: This also falls under the purview of HR and revolves around ensuring healthy and productive relations among employees, between the HR and employees, and between the employees and the organization, at all times. This includes timely resolution of grievances, complaints, queries, and conflicts, and conscious efforts to make employees feel valued. Compensation and Benefits: The salary structure is a huge incentive for employees working at any organization. The HR designs and offers proportionate compensation to the employee at the time of joining. They also make sure that appropriate incentives and rewards are offered to the employee as a recognition of their efforts. Core HR Skills Developed in an MBA Program We learned above the primary HR functions that are essential to the success of an organization. An MBA in HR can help equip students with the necessary skills to function in their respective roles effectively. Listed below are the key skills that an MBA in HR can impart to graduates: Strategic Thinking: MBA programs are designed to teach strategic planning and decision-making skills, crucial for aligning HR practices with organizational goals. They learn how to develop strategies for the long term, analyze industry trends, and come up with solutions to solve real-world challenges. Leadership and Management: Another important skill that reflects the scope of an MBA in HR is the development of leadership and management skills, essential for guiding HR teams and influencing organizational culture. HR professionals need to act as effective leaders in the organization, responsible for making critical decisions for the overall betterment of the company and its employees therein. They also need to have excellent management skills to productively lead the workforce. Analytical and Data-Driven Decision-Making: Analytical skills and data-driven decision-making are highly significant in HR functions, including workforce analytics and performance metrics. This helps professionals make informed decisions to improve the overall performance of the employees. Specialized HR Courses in MBA Programs There are specialized MBA degrees that are offered exclusively in the field of HR to aspiring professionals looking for a rewarding career in the industry. Let us take a quick look at some of these specializations: Talent Management: The courses focused on talent management teach the best practices for attracting and hiring the best talent in the market. They also provide the model for succession planning, preparing employees to assume leadership roles in the future and progress toward career development. Organizational Behavior: The study of organizational behavior enables learners to analyze how individuals and groups are impacted by people’s behavior in the organization. They further learn the impact of organizational behavior on workplace dynamics and employee performance, delving deep into how the personality traits of individuals have the potential to influence work performance. Labor Law and Ethics: Specialized MBA programs in HR study the importance of understanding labor laws, regulations, and ethical considerations in managing HR functions effectively. These include protection of employee rights, regulatory compliance, and maintaining ethical practices at the workplace. Practical Experience and Internships MBA programs in HR also equip students with hands-on experience and practical learning to give them an authentic feel of what lies ahead of them in the job market. Hands-on learning enables learners to gain practical experience through internships, projects, and real-world case studies, which are a part of the MBA program curriculum. The course also provides industry exposure to MBA students, giving them a chance to interact with HR professionals, attend industry conferences, and participate in networking events. Also read: Role of internships in landing your dream job Preparing for Advanced HR Roles Graduating with an MBA in HR helps prepare you for advanced roles in varied industries. Here’s a glimpse of the career opportunities after an MBA in HR: HR Business Partner: They collaborate with business leaders to drive organizational success. They are responsible for strategic alignment, workforce planning and talent management, and employee engagement and development. Change Management: MBA programs prepare graduates for roles in change management, helping organizations navigate transformations and improve efficiency. As the business landscapes evolve rapidly, it is essential to have the ability to adapt quickly. Professionals learn the skills of strategic leadership and management, organizational behavior, project management, and negotiation. Diversity and Inclusion: Most organizations today are driven by these two elements and strive to incorporate them into their HR policies. MBA HR programs therefore equip students with comprehensive learning on ethical and social responsibility, diversity and inclusion, and social impact. Leveraging Technology in HR Online MBA in HR management is a step forward in incorporating the use of technological advancements in making HR principles and knowledge easily accessible to students and working professionals alike. HR Information Systems or HRIS is used for data reporting and management. It helps HR professionals streamline work processes and, offer valued insights, and improve efficiency at work. MBA programs also teach the use of talent analytics to optimize hiring, performance management, and employee engagement. Students are taught how to gather, filter, analyze, and interpret collected data. Talent analytics helps use predictive models in recruiting the right talent, making decisions based on data, and offering 360-degree feedback to employees. You may want to learn more about HR Analytics: All you need to know Career Advancement and Opportunities An online MBA in HR can open a wide array of opportunities for graduates. Some of the potential career paths for MBA graduates in HR are outlined below: Recruitment Specialist: Responsible for acquiring talent, conducting interviews, and sourcing candidates HR Generalist: Handle several HR tasks like recruiting, onboarding, compliance, and maintaining employee relations HR Manager: Responsible for overseeing key HR functions like employee relations, recruitment, compliance, and performance management Director of Talent Management: Develop and execute strategies for acquiring talent, retaining it, and developing a strong pipeline of talent Continual learning is pertinent to professional development in the field of HR, enabling employees to smoothly transition from entry-level to advanced roles in HR. Take your career forward with Online Manipal Manipal University of Jaipur (MUJ) offers online MBA degree with a specialization in HR to help equip students with the necessary knowledge and skills that assist them in their career advancement. Students are taught organizational behavior, employee relations management, and strategic HR planning and management. Do you want to know about How to become an HR Manager: Job role and salary? Conclusion An MBA in HR can help prepare individuals for various HR functions by providing strategic, leadership, and analytical skills, as discussed in this blog. Online MBA programs add the advantage of convenience, flexibility, and self-paced learning. Take the next step to advance your HR career and contribute to your organizational success by enrolling in Manipal University Jaipur’s online MBA in HR today.
Why a political science degree is best for government jobs Working in the government sector can be extremely gratifying. It inculcates a sense of gratitude and belongingness and can be extremely rewarding too. But how to get a government job in India? A degree in political science is the first step. The course provides a comprehensive base for insights into public policy, governance, and political systems. Additionally, it helps prepare you for a wide array of government roles in the country. Take a deeper dig into the political science degree for government jobs and why it is an ideal choice for students. Benefits of pursuing a political science degree If you’re keen on taking up a government job, pursuing a professional degree in political science is the first step on the path. Here are some of the common political science degree advantages for government jobs: Provides efficient communication skills that can be particularly useful in government roles that require clear, articulate, and persuasive communication Offers a complete and detailed understanding of politics and the government, including public administration, the various political systems, and the different functions of the government at different levels Provides a keen understanding of international relations and the overall global political scenario Helps develop critical thinking and analytical abilities, which helps students assess complex situations in local, national, and international politics and evaluate their overall implications Offers training in carrying out research, data analysis, policy research, and decision-making Political science degree for government job Political science is considered the best degree for government jobs for some of the following reasons: A comprehensive curriculum that helps gain a sufficient understanding of both theoretical knowledge and practical skills that can be applied to public service Effective communication skills including writing detailed analytical reports for stakeholders, the public, and policymakers Real-world experience and networking with professionals via internships and placements in the public sector and NGOs Customized specializations to choose from, such as international relations, public policy, and public administration Continued professional growth due to the option to pursue a Master’s in Political Science and other related study programs What you learn in a political science degree Sikkim Manipal University offers you the opportunity to get a Master of Arts (MA) degree in Political Science online via the Online Manipal platform. Some of the key subjects covered in the program that lasts for 2 years are defined below: Semesters Subjects covered1Major Ideas and Issues in Public Administration, Political Theory, Interpreting Modern India, Indian Government and Politics, Comparative Politics: Concepts and Methods2Politics in India, Western Political Thought, Environment & Climate Change, International Politics: Theory and Issues, International Politics: Theory and Issues3Governance and Public Policy in India, Modern Indian Political Thought, India’s Foreign Policy, Research Methodology, Theory and Practice of Democracy4Indo-Pacific Emerging Trends, Dissertation and Viva Voce, Gender and Politics, International Political Economy Top government jobs after MA in Political Science Listed below are the top 5 government job opportunities with a political science degree: Expected job roleAverage annual salary (approx)Political analystINR 9.15 lakh per annumPolitical scientistINR 750,000 per annumJournalist INR 6,70,572 per annumPublic relations specialistINR 591,795 per annumLegislative assistantINR 4,25,041 per annum Pursue online MA in Political Science from SMU Sikkim Manipal University (SMU) offers a completely online and comprehensive Master of Arts (MA) in Political Science program to students who are keen on charting out their careers in the domain. The program is designed to offer an ideal flexibility of working while studying and gaining deeper educational insights suitable for professionals in related industries. The two-year course is imparted on the Online Manipal platform. Conclusion This blog highlighted the relevance and significance of political science for government careers. As a subject, it offers valued insights to students who aspire to work for the government, with a larger view to serving society. An online MA degree in political science from Sikkim Manipal University equips students with the requisite knowledge, skills, and networking opportunities for excelling in government roles.
All you need to explore a career in banking The banking and finance industry plays an integral role in the global economic scenario. In addition to fostering economic growth, the industry lends stability to the career trajectory of individuals working therein. Moreover, there is always a wide array of career prospects open for banking graduates and professionals. This blog details all you need to know about career growth in banking before venturing into the space. You may also like: Can I get a banking job after MCom? Overview of the Banking Industry Let us begin with a general overview of the banking sector in India. Listed below are the different types of banks that exist in the country and their corresponding roles in the economy: Commercial banks: These banks accept deposits from individuals, governments, and business organizations by way of check and savings accounts, and fixed deposits. Some of the other services they provide include insurance, wealth management, and investment advice. Investment banks: They assist governments and organizations raise capital by issuing securities like stocks and bonds and via underwriting. They also offer advisory services for corporate transactions, mergers, and acquisitions. Retail banks: They offer more personalized services like credit cards, personal loans, mortgages, and savings and checking accounts to individual customers. Their role is to encourage savings tendency among customers for future investments. Central banks: They are responsible for overseeing the banking system to ensure that it is sound and stable, and serves as a last resort for customers during financial contingencies. They are also responsible for controlling inflation. Career Opportunities in Banking The banking sector in India offers ample scope for professional growth and an ideal work-life balance to graduates and professionals in the industry alike. Noted below are some of the top career opportunities in banking that you can explore when venturing into the domain: Retail Banking: As stated earlier, retail banking offers financial services to individual customers. Some of the common services provided include personal loans, savings and checking accounts, credit cards, and mortgages. The popular job roles in this sector are defined in the table below: Expected job roleKey responsibilities Avg annual salary (approx)Bank TellerCustomer service, processing transactions, opening bank accounts, cash maintenanceINR 6,54,946 per annumPersonal BankerFacilitate planning for retirement, offer loan service, handle administrative tasks, open bank account, resolve customer complaintsINR 5,83,000 per annumCustomer Service RepresentativeHandle financial transactions for customers, complete money transfers, and cash cheques, open and close bank accounts INR 4,50,000 per annum Corporate Banking: Corporate banking refers to providing financial services to business corporations, such as managing cash, and offering loans, and treasury services. It offers corporate clients customized solutions for working capital management and mergers and acquisitions. Some of the top careers in corporate banking are: Expected job roleKey responsibilities Avg annual salary (approx)Loan OfficerIdentify opportunities for lending, complete credit documentation, and offer advice to loan applicants INR 10,51,593 per annumCredit AnalystEvaluates the creditworthiness of individuals and companies for loan approval or rejectionINR 900,000 per annumRelationship ManagerWork with individual/corporate customers offering services like loans, investments, deposits, and insuranceINR 6,37,00 0 per annum Investment Banking: Investment bankers offer services like advice, underwriting, and M&A assistance to governments and large corporations. Some of the top career roles in this domain are: Expected job roleKey responsibilities Avg annual salary (approx)TraderBuy and sell financial instruments such as bonds, foreign exchange, stocks, and commodities for an investment bank INR 9 lakh – INR 25 lakh per annumInvestment BankerHelp clients raise money and grow their business network, offering advice, facilitating negotiations, and financial transactionsINR 8 lakh – INR 23 lakh per annumFinancial AnalystOffer advice to companies on all financial matters, analyze financial data, and help make crucial investment decisions INR 2.1 lakh – INR 12.4 lakh per annum Risk Management and Compliance: This refers to identifying, evaluating, and mitigating financial risks, as well as ensuring compliance with regulatory standards. Some of the top roles in this field can be described as: Expected job roleKey responsibilities Avg annual salary (approx)Operational Risk ManagerAssess, report, measure, and control operational risks for a companyINR 21,96,750 per annumRisk AnalystHelp banks mitigate risks involved in business decision-makingINR 9,02,892 per annumCompliance OfficerMonitor reviews, train employees on regulatory standards, and research regulatory issuesINR 715,000 per annum Wealth Management and Private Banking: This area of banking offers personalized financial services to individuals with high net worth. A few examples of the services provided include estate planning, investment management, and tax advisory. Some of the popular career roles in this domain include: Expected job roleKey responsibilities Avg annual salary (approx)Portfolio ManagerManaging client investments and helping them attain their financial goalsINR 18,80,000 per annumPrivate BankerManage money and responsible for overseeing financial activities for clients with high net worth INR 14.8 lakh per annumFinancial AdvisorUnderstand the financial objectives of a client and offer assistance in formulating strategies to achieve those goalsINR 4.7 lakh per annum You may also want to read: How to get a bank job after BBA Educational Pathways and Qualifications If you are keen on pursuing a career in the banking domain, the first step is to earn the required learning skills. Given below are the desired educational qualifications for banking roles in India. You may earn a relevant degree in the following subjects: Finance Economics Business Administration Accounting Besides these, gaining some valuable certifications relevant to the domain can also be helpful. A few examples include: Chartered Financial Analyst (CFA) Certified Public Accountant (CPA) Financial Risk Manager (FRM) Skills Required for a Successful Banking Career In addition to educational qualifications and add-on certifications, there are some essential skills required for a banking career that can help progress towards a successful career path: Analytical and Quantitative Skills: Strong analytical and quantitative skills are required for roles involving financial analysis and risk assessment. Critical thinking can help interpret financial data, make informed decisions, and assess risks. Communication and Interpersonal Skills: There is a need for excellent communication and interpersonal skills for client-facing roles and teamwork within the bank. Effective communication helps convey information on policies, financial products, and investment strategies to colleagues and clients crisply and concisely. Attention to Detail: Focus on accuracy and attention to detail in managing financial transactions and compliance tasks is a must in the banking sector. There needs to be precision in analyzing and interpreting complex financial data, handling transactions, and ensuring compliance with regulations. Technological Proficiency: Tech skills are highly required in banking, particularly familiarity with financial software, data analysis tools, and cybersecurity measures. Also read: Top career paths to explore in new-age banking Career Advancement in Banking The career trajectory in the banking sector can gradually advance and enable you to climb the corporate ladder with the relevant qualifications, certifications, skills, and experience in the industry. Outlined below is the general career path in the industry: Entry-Level Positions: Some of the entry-level roles that provide foundational experience and skills to professionals in the industry include Bank Teller, Customer Service Representative, and Personal Banker. Working in these roles enables professionals to gain skills in customer interaction, exposure to industry knowledge, and diversify their skills. Professional Development: There is ample scope for professional growth through training programs, mentorship, and continuing education. These efforts help equip employees with the desired knowledge and skills required to excel in their current roles as well as prepare them for leadership roles in the future. Career Progression: Some of the potential career paths and advancement opportunities in the banking sector include moving from an analyst to a senior manager or executive role. This requires a combination of leadership skills, technical expertise, career planning, and continued learning. You may also like: Investment Banking vs. Corporate Banking: What’s best for you? Challenges and Rewards of a Banking Career Like any other profession, the banking industry is not devoid of its unique challenges. Likewise, efficient performance is rewarded proportionately as well. A quick look at both below: Work Environment and Hours: The work environment in banking is generally competitive and fast-paced, requiring bankers to remain quick and responsive at all times. Addressing client queries and grievances may also require working for long hours under high-pressure situations. Job Stability and Benefits: A banking job is generally considered more stable, with resilience against fluctuating economic situations. In addition, competitive salaries and other monetary and non-monetary benefits associated with banking careers make them a lucrative choice for students and professionals alike. Impact on Society: Banking professionals have a significant and crucial role to play in the economy and society at large, enabling business growth and financial inclusion. They offer financial advisory services and facilitate easy access to banking services for all. Take your career forward with Online Manipal If you are ready to be a part of this lucrative and rewarding career option, take the first step with an online MCom degree from Manipal University Jaipur. The university offers a two-year Master’s program on the Online Manipal platform. Offered in 100% online mode, the MCom course is designed to enable convenience and self-paced learning for students and working professionals alike. Some of the core skills that students are equipped with include corporate tax laws, cost analysis, international business, e-commerce, and more. Read more about Another Successful Convocation of Online Graduates of Manipal University Jaipur! Conclusion Banking is a lucrative career option, offering stability in jobs and the resilience to weather fluctuating economic conditions. Not to forget, the industry offers diverse career opportunities, all of which are rewarding, both professionally and personally. The scope of banking is diverse and immense. The necessary qualifications to take the first step in the sector is an MCom degree, a postgraduate program offered to help students learn the desired skills required for a successful career in banking. If you too are willing to explore this dynamic and rewarding field, consider your personal interests and career goals and sign up for an online MCom with Manipal University Jaipur. The online MCom program is designed for students with a keen interest in finance and accounting. Graduating with the degree makes them eligible for top roles in leading banks and other financial institutions in the country.
Increasing demand for business education and non-tech jobs The labor market in India is evolving, thanks to the growing interest in business education and non-tech jobs in the country. This trend can be seen in both students and professionals alike. The blog looks deeper at the consistently increasing demand for business education in India. Also read: Do I need an MBA to become a CEO? Trends in Business Education Let us take a look at some of the changing trends in the domain of business education. There has been a consistent increase in enrollment rates in business schools and programs, including undergraduate, MBA, and specialized Master’s degrees. Additionally, there is a wide choice of business education programs today for students. These include finance, human resources, marketing, and entrepreneurship. These courses are designed to equip students with the desirable skills to help them excel in their chosen work areas. You may also like: Government jobs for MBA graduates Driving Factors for the Demand in Non-Tech Jobs Some of the key factors responsible for driving non-tech job demands among students and professionals alike are outlined below: Economic Diversification: This is leading to the growth of non-tech sectors in the country, such as healthcare, finance, and hospitality. An increase in the aging population is causing an inevitable growth in demand for efficient healthcare. Digital banking has resulted in fintech innovations, and the constant rise of the global middle class has facilitated easy access to disposable incomes, thereby a greater demand for tourism. Shifts in Consumer Behavior: Changes in consumer preferences are creating new opportunities in non-tech industries. People are shifting focus towards health and wellness, which is responsible for the growth in the healthcare sector. Likewise, consumers prefer innovative fintech solutions like online banking over traditional bank visits, which has increased the demand for these services. Regulatory Changes: New regulations and policies are driving demand for professionals in fields like compliance, environmental sustainability, and public health. Skilled professionals are required in these domains to ensure privacy of data, internal auditing, environmental compliance, health and safety standards, and the like. Key Non-Tech Sectors Experiencing Growth As explained above, a wide array of non-tech roles and professionals are gaining demand and popularity in the job market. Some of the most popular non-tech sectors experiencing growth in India are highlighted below: Healthcare and Biotech: There is a growing demand for business roles in these sectors, some of which include: Job roleAvg annual salary (approx)Venture CapitalistINR 39,00,660 per annumPortfolio ManagerINR 18,80,000 per annumPharmaceutical Product ManagerINR 12,70,000 per annumHospital Administrator INR 10,323,823 per annum Financial Services: Equally prospective opportunities can be found in finance, accounting, and investment management, emphasizing the need for business acumen. These include: Job roleAvg annual salary (approx)Investment BankerINR 17,60,000 per annumFinancial ManagerINR 17,00,000 per annumAuditorINR 7,00,000 per annumFinancial Analyst INR 5.6 lakh per annum Retail and Consumer Goods: This industry is witnessing a surge in demand for marketing, supply chain management, and business strategy roles. A few examples include Job roleAvg annual salary (approx)Product ManagerINR 18,00,000 per annumBrand ManagerINR 15,00,000 per annumSupply Chain AnalystINR 7,17,000 per annum Education and Training: The growing need for administrators, curriculum developers, and educational consultants can also be felt in the education sector: Job roleAvg annual salary (approx)Educational ConsultantINR 20.8 lakh per annumAdministratorINR 10,15,668 per annumCurriculum DeveloperINR 6,45,000 per annum You may want to learn more about: What are the high-paying non-technical job roles? Skills and Competencies for Non-Tech Careers Let us now look at some of the core skills and competencies that graduates need to enter non-tech career roles: Leadership and Management: This is perhaps the most important skill that can drive organizational success in non-tech fields. You must have the ability to motivate, lead, and guide your team through all challenges toward organizational success. Analytical and Strategic Thinking: Strong analytical and strategic thinking skills help make data-driven decisions in an organization. A person’s ability to identify complex problems and find creative solutions can go a long way in ensuring success. Communication and Interpersonal Skills: These skills are essential in managing teams and effectively engaging with the concerned stakeholders. Impact of Business Education on Career Advancement Graduating with a degree in business education can help open up a wide array of lucrative career prospects in non-tech job roles. Here are some other advantages of pursuing business education courses: Career Flexibility: Business education offers flexibility to switch between different industries and roles. You need not restrict yourself to working for one specific technical domain; instead have the freedom to experiment with varied roles and find your best niche and fit. Networking Opportunities: Students gain exposure to various seminars, workshops, and industrial internships as part of the business education curriculum, where they get to network with professionals and industry experts. This helps them gain valuable insights and experience in their respective domains. Practical Experience: A lot of emphasis is placed on internships, projects, and real-world case studies in preparing students for non-tech careers. Online MBA provides a perfect blend of theory and hands-on learning for students, giving them the right exposure to learn and grow as they move along. Challenges and Considerations We looked at how business education can help promote growth in non-tech career roles. Let us now take a keen look at some of the popular challenges along the way: Balancing Tech and Non-Tech Skills: It is essential to have a balanced skill set that includes both technical and non-technical competencies. Stay attuned to digital technologies and tools relevant to your industry, even in non-tech roles. Continuous Learning: There is a consistent need for lifelong learning and professional development to stay relevant in the evolving job market. The competition is ever-increasing and gets tougher by the day. It helps to stand out with the skills you possess and work on your branding and development for overall professional growth. Read more on The Art of Self-Promotion: Leveraging Online Platforms for Career Success Take your career forward with Online Manipal As we realize the relevance of business education and non-tech jobs in the market, along with the rapidly growing demand for tech skills and job roles, it helps to understand that education plays a key role here. One of the key reasons for the rising demand for non-tech jobs is that students and professionals are abreast with the changing trends in their respective fields of work. An MBA degree can significantly help increase your value and equip you with the desired skills and knowledge to move forward in your career. Manipal University Jaipur presents an exclusive opportunity to pursue an online MBA with the chance to hone non-tech skills and choose a domain of your choice to specialize in. The course offers a wide array of electives to choose from as per your interests – marketing, human resource management, project management, and more. All these electives are primarily career-focused and aim at charting out a rewarding career path for you. Conclusion The growing demand for business education and the increasing opportunities in non-tech jobs are encouraging students and professionals alike to consider the diverse career paths available. Additionally, acquiring a well-rounded education is a sure-shot path to success in today’s dynamic job market. Restricting yourself to only technical knowledge and skills may result in monotony and career stagnation after a while. However, with business education and learning imparted through MBA programs, such as the online MBA degree by Manipal University Jaipur, you gain a diverse set of knowledge and skills that can be very helpful in your career trajectory. Manipal University Jaipur offers an online MBA in varied domains to enable students to choose a career of their choice. Additionally, the course focuses on imparting business education and practical skills to students, empowering them to take charge of non-tech jobs in the market upon graduation.
Role of MBA in today’s world In today’s rapidly changing professional world, where everyone seems to be in a race to show off their skills and experience, it’s more important than ever to keep learning and growing. Upskilling has become more a need of the hour than a voluntary option. A Master in Business Administration (MBA) is one of the top choices for several students looking to upskill themselves to the next level of education and learning. The best part? The degree can now be pursued online, adding convenience and flexibility to your learning schedule. This blog explains the role of online MBA in today’s professional arena. You may also like: Why BBA graduates should pursue an MBA in International Business Evolution of the MBA Program Let us quickly examine how the MBA program has evolved over the years. The first MBA course was delivered at Harvard University as early as 1908 and has come a long way since then. From emphasizing on practical learning, MBA degree programs have gradually evolved into focusing more on corporate social responsibility, sustainability, and ethical leadership. The programs also regularly introduce revisions in their curriculum to ensure that students are equipped with the desired relevant skills. The modern curriculum comprises subjects such as data analytics, digital marketing, and global business strategy, some of the essential skills developed with an MBA degree in the modern learning scenario. Skill Development through an MBA How does an MBA degree help equip students with the right and relevant skills that are high in demand in varied industries? Let’s find out: Leadership and Management: MBA programs develop essential leadership and management skills, preparing graduates for executive and strategic roles in diverse sectors and industries. The curriculum is designed to enable students to choose from a wide array of electives that best align with their overall career objectives. Practical case studies and real-world projects help students apply theoretical knowledge in leadership and management to real-time business challenges. Analytical and Critical Thinking: These are some of the most important skills required in any job industry and the modern MBA academic curricula provide ample scope to develop these essential skills. Students learn the importance of making informed decisions, solving complex business problems, planning strategically, managing risks, adapting to continuously changing scenarios, effective communication, and persuasion. Career Advancement and Opportunities MBA is one of the key drivers of career growth, creating numerous profitable opportunities for graduates in diverse sectors. Students are eligible to explore a wide array of career opportunities, from finance and consulting to entrepreneurship and technology. The table below details the scope of online MBA in today’s world in the form of expected job roles and average annual salaries: Expected job roleAvg annual salary (approx)Technical Product ManagerINR 10,83,523 per annumIT ConsultantINR 10,72,838 per annumProject ManagerINR 839,881 per annumInvestment ManagerINR 8,32,116 per annumDigital MarketerINR 7,50,000 per annum Note that MBA graduates have increased potential for higher income earning and better career advancement opportunities. Networking and Professional Growth One of the best parts about doing an online MBA SMU is the chance to network and grow professionally. Imagine being part of a strong alumni network that offers valuable mentorship, job opportunities, and lasting professional connections. For example, Manipal University Jaipur’s alumni network regularly hosts events and reunions, bringing together graduates from various batches. It’s a fantastic way to meet people who can guide you and open doors to new opportunities. Plus, the alumni network’s job portal helps graduates find suitable work opportunities and internships. MBA programs also immerse students in different industries through internships, guest lectures, and live projects. This hands-on experience is invaluable for gaining the knowledge and skills needed to excel in various fields. Do you know the role of internships in landing your dream job? Harnessing Technological Trends Online MBA programs are designed to keep you ahead of the curve with the latest technology trends. Think about how exciting it is to learn about artificial intelligence, blockchain, and digital transformation—these are the tools shaping modern business leadership. Staying on top of these advancements not only gives you a competitive edge but also helps drive innovation and future-proof your career in our rapidly evolving world. Manipal University Jaipur includes several tech-focused electives in its online MBA curriculum, like Analytics & Data Science, IT & FinTech, and Information System Management. These courses are perfect for diving into the tech side of business. MBA programs also nurture innovation and entrepreneurial thinking. They equip you with essential skills like critical thinking, leadership, problem-solving, teamwork, and risk management. Whether you dream of starting your own venture or driving innovation within an organization, these programs set you up for success. Cultivating a Global Business Mindset MBA programs add a global perspective to student learning by way of including international study trips, global case studies, and diverse student cohorts in their curriculum. These projects encourage students to analyze and find innovative solutions to real-world business problems in a global arena. Students also gain exposure to diverse international markets and a culturally rich learning exchange is encouraged to enhance the overall learning experience. Manipal University Jaipur’s online MBA with the International Business elective primarily focuses on MNC management, international marketing, foreign trade, export-import management, and the practices and operations of business among nations. The course aims to hone students’ skills, enabling them to gain promising job roles in the international job market. Learn more about why is an MBA in International Business worth the investment. Take your career forward with Online Manipal As stated above, online MBA from Manipal University Jaipur is the first and the best step forward in the domain. You are likely to find plenty of career opportunities after an online MBA from the university, which is offered in 100% distant learning mode on the Online Manipal platform. Traditionally seen as a pathway to upper management and executive positions, an MBA now serves as a versatile degree equipping graduates with a diverse skill set that applies across various industries. Moreover, an MBA degree helps students gain a variety of soft skills such as effective communication, leadership, and strategic thinking, all of which are held in high value in the business market. Additionally, cross-cultural communication and a fair understanding of the global markets, which MBA graduates are equipped with, can go a long way in fostering their professional growth and helping them find a strong footing in the global marketplace. As highlighted in this blog, an MBA plays a multifaceted role in current times. You are free to choose one of the many online MBA specializations by Manipal University Jaipur, all of which are designed to equip professionals with the skills, knowledge, and network needed to find one’s way and succeed in the modern business environment. Understand the transformative potential of an MBA degree for your career path and tread forward with your head held high.
How a degree in journalism would benefit in a fast-changing media scenario The media landscape is ever-evolving and rapidly changing, thanks to the multifarious technological advancements, evolving industry standards, and changing consumer behavioral trends. The advent and growth of social media platforms, coupled with the hogging of the digital space by Artificial Intelligence and Data Analytics, has helped reshape the media scenario completely. In this ever-changing landscape, the one thing that continues to hold strong ground is a degree in Journalism. A professional qualification helps keep in tune with the skills required for continual advancement in the field and also allows for quick adaptability to the changing domain. This blog highlights the top benefits of getting a journalism degree online. You may also like: Role of Podcasts in modern journalism education Understanding the Modern Media Landscape Let us take a minute to understand how exactly the modern media landscape is changing by the day: Technological Advancements: Technology has transformed media consumption and production considerably. There has been a steady rise in digital media, social platforms, and multimedia storytelling, marking a shift from traditional print and broadcast media to online platforms. Changing Audience Preferences: The audience is also gradually shifting toward personalized and interactive content. Streaming services like Netflix and YouTube, on-demand audio podcasts, and interactive social media platforms have enabled real-time interactions between content creators and their respective target audiences. Learn more about the Career in Journalism: How an online MA is an ideal option Core Skills Developed through a Journalism Degree: Considering the ever-changing media landscape, a journalism degree tends to stay constant in terms of equipping students with a wide array of core skills that prepare them for varied roles in the fields of public relations, communications, digital media, and marketing. Given below is a list of some of the key skills that can help improve your employability for career opportunities after a Journalism degree: Research and Analytical Skills: Journalism programs teach students to conduct thorough research, analyze data, and verify information, which are critical in producing accurate and credible news. Students learn the key fundamentals of research, identify credible information sources, and conduct interviews to gather information. Writing and Communication: Strong writing and communication skills, such as storytelling techniques that help engage diverse audiences, are equally important and taught in journalism courses. The program imparts learning in linguistic precision and clear articulation, professionalism and credibility, and cultural sensitivity and inclusivity. Adaptability and Versatility These are the two other core skills developed through a journalism degree. Here’s what the program imparts: Multimedia proficiency: Students of journalism learn to create content over varied media formats and channels. A fine blend of theory and practice helps students gain the desired experience in the domain. Adaptability to change: Students are equipped with adaptability skills to new tools and technologies in the media industry, which is reflected in the evolving curriculum, and the desire to make students technically proficient in video editing software such as Adobe Premiere Pro, CMS WordPress, and Google Analytics evaluation platforms. Check out the article on the impact of AI in the media industry. Ethics and Credibility Along with proficiency in various other skills, students of online journalism degrees are taught the valued skills of ethics, trust, and integrity: Journalistic ethics: The special focus is on covering topics like media ethics, accuracy, honesty, objectivity in reporting, transparency, legal compliance, and ethical practice. Building trust: A strong ethical foundation can help journalists build trust with their audience, which is crucial in an era of misinformation. The students’ commitment to checking factual accuracy, ensuring source credibility, fair and unbiased reporting, and accountability to their target audience keeps them grounded and ethical in day-to-day activities. You may also like Evolution of Journalism in the Digital Era Career Opportunities in the Evolving Media Industry We took a closer look at the modern media landscape and the journalism degree’s contribution to its ever-evolving structure. Let us now review some of the top career prospects in this booming sector: Traditional roles: Listed below are some of the conventional roles found in this industry: Job roleAverage annual salary (approx)BroadcasterINR 16,64,410 per annumEditorINR 6.15 lakh per annumReporter INR 4,20,800 per annum Emerging roles: As the above roles continue to evolve to keep pace with the changing media landscape, some of the new and emerging career paths are tabulated below: Job roleAverage annual salary (approx)Digital Content CreatorINR 4 lakh per annumSocial Media ManagerINR 4,50,000 per annumData Journalist INR 8,25,000 per annum Networking and Professional Growth Like any other industry, it is important to network for professional growth and career development. Making the right industry connections and continual learning to upskill yourself is key to keeping pace with the rapidly evolving media industry. Online journalism programs provide ample opportunities for networking via internships, workshops, and alumni networks. In addition to this, the importance of lifelong learning and professional development in staying relevant in the fast-changing media landscape must be underlined here. This helps adapt to technological advancements in the domain and helps stay relevant to industry trends. Upskilling also enables gaining specialization in a specific domain area which in turn facilitates career advancement. Read more about the 7 advantages of mobile journalism – MoJo Take your career forward with Online Manipal Ready to take the first step in the rewarding media industry? An online MA in Journalism and Mass Communication (JMC) from Manipal University Jaipur can help you take your career forward in the domain. The two-year program is designed to create leaders in the field of journalism and mass communication by equipping skills that provide learners with hands-on experience in scriptwriting, screenwriting, photography, mobile editing software, and writing for new media. The Master of Arts degree can be pursued in 100% online mode on the Online Manipal platform without disturbing your continuing work commitments and other engagements. Conclusion This blog stresses how a degree in journalism can help students keep pace with the fast-changing and ever-evolving media landscape in India. Additionally, pursuing the degree online is equally beneficial in imparting the required skills and enabling students to study and work alongside others. If you’re looking for a viable and rewarding career option in today’s fast-paced media world, an online MA-JMC from Manipal University Jaipur can be the perfect answer. The degree lends a strong foundation in establishing research and investigative skills, enabling students to unearth and factually report complex stories that inform and influence public opinion and policy. The program also facilitates a deeper understanding of media laws and ethics, ensuring that students always uphold integrity and accountability in their work. It also provides hands-on experience with the latest digital tools and multimedia, preparing students for excellence in roles that require technical proficiency.
Why is online BCom the best option for CA aspirants? If you are aspiring to be a professional Chartered Accountant but are not sure which qualification to pursue at your undergraduate level, this blog can help. A Bachelor of Commerce or BCom is the ideal qualification to pursue if you’re interested in treading the Chartered Accountancy (CA) path in your career. Pursuing BCom online can be even more advantageous as it gives you the perfect balance of managing your studies alongside preparing for the CA entrance test. This blog advocates the importance of taking up an online BCom for CA aspirants. What is online BCom? Bachelor of Commerce or BCom, as it is popularly known, refers to an undergraduate degree program in the field of commerce. The degree is now offered online via several platforms, allowing students the convenience and flexibility of self-learning at their own pace. Some of the primary subjects covered as part of the online BCom degree include finance, accounting, economics, marketing, management, and business law. Benefits of CA aspirants pursuing online BCom Elaborating further on how studying BCom can be useful for students wanting to pursue CA, let us look at some of the top online BCom advantages for CA students: Flexibility: Pursuing a degree online immediately brings a world of convenience to learning. With an online BCom degree, you can easily manage time to pursue your preparation for CA, as online degrees allow self-paced learning. Convenience: Studying a course online enables easy access to lectures, course materials, and assignments without needing to be physically present on campus. All you need is a portable electronic device with an internet connection and you can easily study from home or any other convenient location without having to commute. Common subjects: Both BCom and CA courses share some common subjects that are covered as part of both curriculums. For instance, finance, accounting, economics, and business law have direct relevance to CA courses. Facilitates time management: Studying remotely and at their own pace enables students to manage their time effectively. They can maintain an ideal balance between the BCom studies and the CA exam preparation while achieving an ideal balance with their engagements as well. Reduced stress: The pressure of managing two study areas can be quite overwhelming. However, the flexibility of online learning makes the overall experience less stressful for the students, allowing them to give better performance in both areas. Why pursue BCom along with CA? It is recommended to pursue a BCom degree in parallel with preparing for CA as it contributes to an all-rounded personality of the students and also enhances their career prospects in the relevant industries. Given below are some more benefits of online BCom for CA aspirants: Flexible career prospects: Graduates in BCom and CA can look forward to a host of career opportunities in sectors like finance, banking, management, and marketing. Complete knowledge base: A BCom degree offers a comprehensive understanding of commerce subjects like finance, accounting, economics, business law, and management. All of these subjects are similar and complementary to the specialized knowledge imparted to students in CA courses. Recognition in the professional domain: Both BCom and CA are equally recognized and held in high regard in the professional arena. This gives graduates in both degrees a general competitive edge in the job market. Higher payscales: A dual qualification attracts higher starting salaries and better compensation packages compared to those with just one qualification. Common subjects in BCom and CA As stated earlier, the curriculum of BCom and CA courses have common subjects, which can be very helpful to students. Here are some subjects that are common in both the degree programs and can assist your CA preparation with online BCom: Cost Accounting Corporate Law Auditing Economics Information Technology and Systems Financial Accounting Management Accounting Taxation Financial Management Business and Commercial Knowledge Choose online BCom from Sikkim Manipal University Considering opting for a BCom degree in parallel to your CA preparation? Sikkim Manipal University can help. Its online BCom degree programs are a boon for CA aspirants, allowing them ample bandwidth to devote their energy to preparing for competitive CA examinations. Sikkim Manipal is a NAAC-accredited university that offers its online BCom degree on the Online Manipal platform. The degree is entitled by the UGC and is widely recognized by higher education institutions and employers around the world. Conclusion Online BCom courses offer a unique blend of easy accessibility, convenience, and flexibility. Pursuing them with CA courses provides comprehensive learning that makes the graduates of these two courses highly employable in the industry. Sikkim Manipal University offers the best online BCom for CA students on the Online Manipal platform. You may easily pursue the course remotely from anywhere while continuing with your CA preparations.
How to become a financial manager? Finance plays a crucial role in any organization. It is integral to the long-term sustenance of the company. A financial manager is responsible for ensuring that the company’s financial health is stable at all times. He/she offers advice to the senior management on generating more revenue, making informed investment decisions, and working toward financial stability. They make use of tools such as financial forecasting, data analysis, profit and loss analysis, and ratio analysis to get a better understanding of the efficiency of the company. They also help determine potential opportunities for improvement and maximize profits for the company. This blog entails comprehensive details on how to become a financial manager in India. You might like to read: Can I do an MBA in finance without a bachelor’s in commerce/commerce background? Understanding the Role of a Financial Manager As stated above, financial managers are overall responsible for the financial health of an organization. They work toward the overall financial sustenance of the company in the long term. Some of the key roles they plan in the organization are: Financial analysis: They collect data and analyze it to identify the risks involved and the prospective improvement areas for the company. Legal compliance: They ensure that the company’s working is per legal regulations on reporting and filing of income tax. Investment decisions: They assist the management in making informed decisions on payroll deposits and investments. Suggesting improvements: They are always on the lookout for introducing and implementing changes to policies, procedures, and systems to further enhance accounting practices in the company. Financial planning: They formulate short- and long-term plans to manage the overall financial expenses for various departments in the company. To be successful in this role, a financial manager is required to possess the following skills: Analyzing and interpreting financial data Communicate all financial goals and plans to achieve them to all concerned stakeholders in the organization Ability to solve problems during crises and come up with innovative solutions for the overall good of the company Also, learn more about the skills you need to land high-paying jobs in the BFSI sector Educational Pathways The first step to assuming the role of a financial manager is pursuing the relevant undergraduate and advanced degrees, such as the ones listed below: Bachelor’s or undergraduate degree in finance, accounting, and business administration. These include a Bachelor’s in Finance, a Bachelor’s in Accounting, and a Bachelor of Business Administration or BBA. Master’s or postgraduate degrees in the relevant domains, such as Master of Business Administration or MBA, and Master of Commerce or MCom Professional certifications and courses such as Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) Gaining Relevant Experience Among the other popular strategies to become a financial manager is gaining relevant professional experience that helps earn practical hands-on knowledge in the domain. You may apply for some of the following roles depending on your qualifications: Entry-level positions such as financial analyst and accountant Mid-level positions like accounting manager and senior financial analyst Look for on-the-job training and professional development opportunities such as internships that allow you to gain the required practical experience in your domain of interest. Learn more about how to become a financial manager Developing Essential Skills It is important to keep upgrading yourself with financial manager skills to progress in your career path. Some of the key skills required are: Analytical and critical thinking skills: They are particularly useful for interpreting large sets of complex data and understanding unpredictable changes in finance and stock markets. Effective communication skills: You should be able to understand complex financial reports, and interpret and communicate them in a simplified manner to the team. Technical skills: Proficiency in financial software such as Oracle, SAP, QuickBooks, and Excel can be helpful in understanding and executing complex financial data and information with ease. Networking and Professional Organizations Networking in the finance industry offers a host of advantages. Interacting with notable experts in the industry helps expand your knowledge base and can pave the way for career progression in the future. Additionally, earning relevant certifications from recognized professional organizations can help stay attuned to the latest industry trends and skill requirements. Also, read how our graduates are leveraging online learning for professional networking Job Search Strategies How to start your career as a financial manager? Shared below are a few tips that can help you land your dream job: Create a strong resume and cover letter: Your resume is your identity, your reflection to the prospective employer. Make sure that it looks professional, is clear and crisp, and is well formatted, ensuring easy readability. It should highlight all your skills and achievements. Choose your job-search platforms well: Where to look for a job is as important as the kind of job looking for. Work on building your online presence by way of starting a professional blog or building your LinkedIn profile. Leverage job search platforms like specialized finance job boards and company websites, and set job alerts for financial manager roles. Additionally, network with professional associations and alumni groups to learn more about any prospective job opportunities in the industry where you could be a suitable fit. Prepare for interviews and potential questions: The next step after applying for a job is to start preparing for interviews. Interview preparation is vital as it helps lay the ground for what a prospective employer might be looking for. Try and get some idea of the potential questions that can be asked during the interview and keep your answers ready. Career Advancement Progressing from an entry-level position to the role of a financial manager is a step-by-step process. You need to have the right blend of qualifications, professional experience, and networking skills, all of which can contribute to growth. Advancing in a financial career would need you to follow these steps: Consider pursuing an advanced degree or certification like a Master’s in Finance or an MBA in Accounting. Gain relevant professional experience via internships, entry-level roles, and part-time jobs. Develop key skills like technical expertise and soft skills to climb the career ladder. Pursue professional certifications such as CFA and CPA. Review your career path regularly and make improvements, as needed. Challenges and Opportunities Some of the most common challenges faced by financial managers include: Non-compliance with industry regulations Poor decision-making ability can result in huge financial losses Lack of skilled professionals Unmanaged risks Poor cost control Explore some of the best analytical roles in the financial industry Take your career forward with Online Manipal Interested in pursuing the career of a financial manager? Enrolling in Manipal University Jaipur’s online MBA can help you take your career forward in the domain. The program is designed to help you become job-ready with the desired business skills in the domain of finance and accounting. Additionally, the entire learning experience is delivered online, offering flexibility and convenience in the form of self-paced education. Conclusion Becoming a financial manager requires qualifications, relevant work experience, and the desired upskilling for a progressive career trajectory. As for the education part, Manipal University Jaipur can be your perfect partner online to provide the right qualifications in the domain of finance with its online MBA program. Offered on the Online Manipal platform, the course is aimed at helping students gain the desired skills on the road to becoming a successful financial manager in India. Manipal University Jaipur is accredited by NAAC and its online MBA course is entitled by the UGC. The course holds validity and recognition across the country and other parts of the world. It is equally accepted by governments, private corporations, and NGOs, and paves the way for a lucrative career in financial management. Online MBA in Finance by Manipal University Jaipur is designed to help students get acquainted with advanced concepts in the world of finance and accounting. Students are also provided with a hands-on learning experience in financial management and learning skills to handle crises in real-world business environments.
