Upskill and level up your career with Manipal University Jaipur’s online degrees Imagine having the freedom to learn from anywhere, at any time, while accessing top-tier courses from prestigious international universities. Manipal University Jaipur (MUJ) is making this a reality. Apart from getting access to UGC-entitled online degrees on Online Manipal, MUJ’s online postgraduate learners get free access to more than 10,000 courses on Coursera! This empowers students to gain industry-relevant expertise and advance their careers in a rapidly evolving job market. Here’s a glimpse of the different skills you can learn through free access to Coursera courses along with your online master’s degree at Manipal University Jaipur. Management skills Strategic planning and execution By mastering strategic planning and execution, MBA students can enhance their leadership capabilities, make informed business decisions, and drive organizational growth. This course equips them with the tools to think critically and strategically, preparing them for senior management roles. Leading people Leadership and team management are essential skills for professionals in managerial positions. Learners can develop their leadership style, improve team collaboration, and refine their project management skills, making them more effective in dynamic business environments. Negotiation strategies Effective communication and problem-solving are essential in successful negotiations. Negotiation skills are essential in both professional and personal contexts. Online learners can develop their negotiation skills. Tech skills Oracle Database Foundations Database management is a critical skill for IT professionals. This course enhances students’ technical expertise, making them proficient in handling complex database systems and improving their employability in the tech industry. Microsoft Azure Machine Learning for Data Scientists As data science and machine learning become increasingly important, this course positions students at the forefront of technological innovation. They acquire skills that are in high demand, opening doors to lucrative career opportunities in data-driven industries. Information & Digital Literacy for University Success Digital literacy is essential in today’s digital age. This course empowers students to navigate the digital world confidently, enhancing their research capabilities and communication skills, which are vital for both academic and professional growth. Financial skills Corporate Finance: Know Your Numbers Proficiency in corporate finance is crucial for financial professionals. This course equips students with the analytical skills needed to assess financial performance, manage investments, and contribute to strategic financial planning. Python for Finance: Beta and Capital Asset Pricing Model Combining programming skills with financial knowledge is highly advantageous. This course prepares students for roles that require data-driven financial analysis, making them more competitive in the finance job market. Profit Analysis Using Economic Value Added Understanding EVA allows students to assess business performance more accurately. This skill is valuable for financial analysts and managers who need to make strategic decisions based on comprehensive profit analysis. The Online Manipal Advantage MUJ’s online degrees, enhanced by Coursera’s extensive course offerings, provide a unique opportunity for students to upskill beyond traditional academics. As an online learner at Manipal University Jaipur, you can access courses on Coursera offered by top international universities such as the University of California, Irvine, Michigan State University, the University of Maryland, College Park, the University of Virginia, and The University of Sydney ensures that learners receive a world-class education. By integrating these Coursera courses into their degree programs, MUJ allows students to: Gain Practical Skills: The courses provide hands-on experience and practical knowledge that complement academic learning, making students more versatile and job ready. Stay Current with Industry Trends: The courses cover the latest trends and technologies in various fields, ensuring that students are well-informed and prepared for modern workplace challenges. Enhance Employability: With skills in high demand, such as data analysis, strategic planning, and financial modeling, students become attractive candidates for top employers. Achieve Flexibility in Learning: Online learning allows students to study at their own pace and convenience, balancing education with personal and professional commitments. Access Global Expertise: Learning from top universities and industry experts provides students with diverse perspectives and insights, enriching their educational experience. Conclusion Manipal University Jaipur’s online degrees offer a comprehensive educational experience that goes beyond traditional academics. By providing access to cutting-edge courses from leading international universities, MUJ ensures that its students are well-equipped with the skills and knowledge needed to excel in their careers.
ESG funds: A step towards sustainable development ESG funds or investing is just another use for ‘sustainable investing,’ whereby one invests in companies that have a sustainable and holistic way of doing business. Let us break down the E, S, and G factors:\ Environmental (E): This factor affects the environment and considers the practices a company has in reducing carbon emission, having sound disposal of wastes, with much emphasis on the conservation of energy and water. Essentially, laboratory attention that is paid to a greener environment. Social (S): This parameter looks at the well-being of the staff within the company and society as a whole. An S-compliant company shall care for factors like welfare of employees, gender equality, pay parity, and would contribute periodically towards other relevant social causes. Governance (G): It lays emphasis on compliance with the regulations, redressal of grievances, robust whistleblower policies and ethical practices, and a firm structure of internal controls which protects it against wrong practices. What are ESG Funds? Environmental, Social, and Governance, or, in other words, ESG funds. These are a type of mutual fund that dealing investments in companies which have affirmations of being in compliance to ESG parameters and focusing on sustainable development. It is invested in a particular theme or sector like renewable energy, healthcare, technology etc.ESG funds are those funds that only invest in companies that readily display concern for the environment, show social responsibility, and are run by a clean and robust corporate Governance System. These funds give decent financial returns with a positive impact on the environment.Now, coming to the Indian context, it can be said that though ESG Funds are new to the market, they are pretty in demand. As of now, there are 9 ESG funds in our country. The AUM is as big as Rs 9,986 crore for sure. Types of ESG Mutual Funds There are numerous ESG mutual funds, all of which possess their distinct style of investment. A few of them include: Exclusionary Funds: They exclude investing in particular sectors or products, for instance, tobacco, weapons, and fossil fuel companies. Best-in-Class Funds: Invest in companies having the best ESG ratings within the industries. Thematic Funds: The category involves funds invested in companies focused on some certain sustainability themes. For example, clean energy, gender diversity, or water conservation. Impact Funds: Impact funds are funding products that endeavor to create positive social impact while giving higher returns to the investors. Why ESG Funds? Nowadays, investors have come to realize the importance of ESG parameters in making investment decisions. Some major reasons to the investors from investing in such funds are: Positive Impact: It results in one making a positive difference in the economy through ESG funds. This is because it results in investment in a company that has got good ratings in ESG factors.Portfolios diversification: It reduces the exposure to the traditional risks. It’s because it invests in companies after considering the environmental, social and governance factors. Risk Management: Companies with strong ESG practices are often better equipped to manage risks related to environmental regulations, social issues, and governance failures. Investing in these companies can potentially reduce the risk of negative financial impacts from these factors. Long-Term Performance: There is growing evidence that companies with strong ESG profiles tend to perform well over the long term. Therefore, this can be attributed to factors such as operational efficiency, innovation in sustainable technologies, and better relationships with stakeholders. Difference between ESG Funds and traditional Funds CriteriaESG FundsTraditional FundsInvestment CriteriaInvest in the companies that have received good ratings on the ESG factors and aim at sustainable growth.Invest in the companies’ profitability, past performance, growth, etc.Risk ManagementFocus on companies with strong ESG practices.Risk management varies by fund.Financial PerformanceMay prioritize sustainability over short-term gains.Primarily focus on financial returns.Impact on SocietyCreates positive social and environmental impact.Varies on the basis of investments. How and where do ESG Funds invest? ESG Mutual Funds are those thematic mutual funds invested in socially responsible companies. Wherein the investment process includes evaluation of factors like their environmental, social, and governance practices. Moreover, ESG funds invest in organizations that are ESG compliant, focusing on sustained growth. The companies have business models straddling sustainability requirements and, aid in the creation of wealth for investors through the long term. In line with the investment strategy, the fund can invest across market capitalizations and sometimes in overseas stocks, adhering to the ESG framework.The fund manager of the ESG Funds does not invest in companies whose products and services have socially and environmentally harmful outcomes.Some of the ESG mutual funds in India are the ICICI Prudential ESG Fund. Wherein one invests in local and global companies that have high ESG scores. However, the Kotak ESG Opportunities Fund merges exactly the very same ESG score with its indigenously developed Business, Management & Valuation approach.This can be forthcoming: ES-G has focused on finding responsible organizations with sustainable growth. But it does not come at the cost of the other major focus area: to help any investor build wealth. Neither of these two factors would be compromised in the evaluation. How Have ESG Funds Performed? The in-category funds’ historical performance is usually judged by looking at their past performances. The problem associated with ESG funds is that, as a category, they are very new to the market and investors. Hence, there might not be fund performance data to check for historic performances.The most followed and benchmarked Index for ESG Mutual Funds in India, however, is the NIFTY 100 ESG Index, which actually can tell us a story of how this has performed in the past few years. Infosys Ltd., Tata Consultancy Services Ltd., HDFC Bank Ltd., and Titan Company Ltd. constitute this Index. Moreover, to understand more about ESG funds enrolling yourself in B. Com/ M.Com courses that will help you to create the right understanding of it. Centre of Distance and Online Education, Manipal University Jaipur offers UGC entitled Online B. Com and online M.Com courses for all those who are interested in learning accounting and finance. Candidates enrolled in Manipal University Jaipur’s online Commerce program can take advantage of the program’s flexible schedule, excellent faculty, and extensive course material.
How online MA Sociology from SMU helps you in UGC NET preparation Every year, numerous students from all parts of the country apply for UGC NET exams to stand a chance for recruitment as Assistant Professors and to receive the privileged Junior Research Fellowship. These candidates are allowed to opt for the subject of their choice for the exam, one which best aligns with their area of specialization at the Master’s level (minimum eligibility criteria to apply for UGC NET exams). Sociology is generally one of the most popular choices among UGC NET candidates, as nearly 100 questions in the exam are from Sociology, accounting for 200 marks. To facilitate your preparations for the competitive exam, Sikkim Manipal University offers an online MA Sociology program. With a host of common subjects in both the respective curricula, you can boost your chances at UGC NET success. Read more about how Sikkim Manipal University’s MA Sociology for UGC NET is an ideal choice for you. UGC NET preparation with Sikkim Manipal University’s MA Sociology There’s good news for all UGC NET entrants 2024! You can now boost your chances at UGC NET success with Sikkim Manipal University’s MA Sociology degree program. This is because the latter entails many subjects in its comprehensive curriculum, which are common to UGC NET Sociology exam preparation as well. Let us look at some of these: Sociological Theory Rural and Urban Transformations Family, Marriage, and Kinship Environment and Society Culture and Symbolic Transformations Research Methodology and Methods UGC NET Sociology syllabus – Paper 1 As stated above, most subjects covered in both UGC NET and MA Sociology courses are quite similar, which makes it fairly easy for students to cope with preparations. Pursuing an MA in Sociology from Sikkim Manipal University can be quite helpful for UGC NET exam candidates. You can understand for yourself by looking at the syllabus prescribed for the UGC NET Sociology exam’s Paper 1 below. Paper 1 is a more generic test evaluating the general aptitude and teaching skills of the candidates. There are 50 questions with multiple-choice answers with a total of 100 marks. The UGC NET Sociology syllabus is classified into 10 key units that are detailed in the table below: Units Name of unitTopics covered under each unit1Sociological theoryStructuralism and functionalism, post-structuralism, post-modernism, and post-colonialism, classical sociological traditions, interpretative and Hermeneutic traditions, and Indian thinkers2Research methodology and methodsFormulating research design, techniques, conceptualizing social reality, and quantitative and qualitative methods 3Basic concepts and institutions Social institutions, social change and processes, sociological concepts, and social stratification 4Rural and urban transformations Urban society, rural, and peasant society5State, politics, and development Social movements, protests and political processes in India6Economy and societyFactory and industry systems, gift, labor, exchange, capital, market, consumption, mode of production debates, tourism, property and property relations 7Environment and society Ecological degradation and migration, Social and cultural ecology: Diverse forms, environmental movements, agriculture, technological change, and biodiversity 8Family, marriage, and kinshipFamily and emotions, Theoretical approaches: Alliance, structure-functionalist, and cultural, honor killing, gender relations and power dynamics, domestic violence and crime against women9Science, technology, and societyE-governance and surveillance society, history of technological development, cyber crime, changing notions of space and time, food and technology, flows and boundaries10Culture and symbolic transformationsCommunalism and secularism, moral economy, culture and environment, culture and politics, new religious movements UGC NET Sociology syllabus – Paper 2 Paper 2 of the UGC NET Sociology exam covers the subject of Sociology in great detail, unlike Paper 1 which is more generic. There are a total of 100 questions asked in the paper with a combined score of 200 marks. The syllabus for Paper 2 is the same as the one tabulated above for Paper 1 Sociology UGC NET exam. However, there are some important topics that you can consider covering during your preparation, which are shared below. Note that most topics covered in the UGC NET Sociology syllabus are common to MA Sociology courses. Here are some key topics to particularly prepare for before the exam: Sociology of education Sociology of health and medicine Tribal and Dalit studies Sociological thinkers Rural and urban Sociology Industrial Sociology Sociology of globalization Social change and development Classical Sociological theories Research methodology and methods Social institutions Sociological concepts and perspectives Gender and society Social stratification and mobility UGC NET Sociology exam pattern To better understand the nature of the examination, shared below is the UGC NET Sociology exam pattern for your reference (Source: https://www.shiksha.com/sarkari-exams/teaching/articles/ugc-net-sociology-syllabus-blogId-142619). PaperNo. of questionsMarking parametersMarks givenTotal marks allotted 150Correct answer+21002100Correct answer+2200Total marks150––300 Note: There is no negative marking or mark deduction for any incorrect or unattempted answer by the candidate. Why pursue online MA Sociology As observed in this blog, most subjects taught in MA Sociology courses are common to those covered in UGC NET Sociology exams. This means that students appearing for UGC NET can get help from Sikkim Manipal University’s MA Sociology degree program offered online on the Online Manipal platform. A list of some of these common subjects has already been shared at the beginning of this blog for your easy reference. Covering these topics in the online MA Sociology course by Sikkim Manipal University can provide a boost to your UGC NET preparations, simplifying those topics for you and also helping you understand them better. Moreover, the MA Sociology degree prepares you to work in society upon graduation with a deeper understanding of the issues and problems concerning it – a valuable skill desirable in UGC NET exam candidates. Conclusion Sociology is one of the most popular choices for UGC NET examinations in the country, as it is also the highest scoring for students. Since one of the primary prerequisites for attempting the national competitive test is a Master’s degree, it can be helpful to pursue an MA in Sociology in parallel. Some of these reasons have been discussed in this blog. Most subjects in the course curriculum are similar to those you need to study for the UGC NET exam and this would be particularly helpful to you in your preparation process. Also, the MA Sociology program by Sikkim Manipal is designed to equip students with essential skills such as analytical thinking, critical assessment, and effective communication, all of which can come in handy in dealing with complex sociological concepts.
How to become an IT Project Manager? A Project Manager is undoubtedly one of the strongest links in any organization, binding together the team and the higher management, ensuring timely and quality delivery of all deliverables for the achievement of overall organizational goals. In the case of the technology-driven IT industry, their significance grows manifold, which in turn boosts demand for skilled IT project managers across various organizations and sectors. This blog discusses in detail the exact professional skills needed for project managers in the IT domain and how to become one. You may also like: Key skills required for an Information System Management career Understanding the role of an IT Project Manager Let us briefly understand the key role of IT project managers in various organizations and the primary responsibilities they are entrusted with. Project managers in the IT domain are responsible for 3 key stages of a project, namely: Project planning – This involves understanding the objectives, scope, and exact requirements of the project, designing effective strategies, schedules, and budgets, identifying potential risks/challenges in project completion, and communicating the same to the concerned stakeholders. Project execution At this stage, project managers delegate responsibilities and assign tasks to team members. They also manage the availability of resources following the defined budget and maintain reports and documentation to ensure seamless execution of the project. Overseeing project progress This includes tracking and monitoring the stage-by-stage implementation of the project, right from its inception through its successful completion. They evaluate team performance, resolve any challenges that may emerge en route, boost team morale, and communicate with the team members and other stakeholders to maintain transparency in project completion and expected success. To be able to effectively carry out the above responsibilities, IT project managers are required to possess a few specific skills and competencies, as highlighted below: Leadership: It is vital to inspire and motivate the team toward the achievement of overall organizational objectives. Communication: Effective written and verbal communication goes a long way in conveying expectations clearly, both to the team and the other stakeholders, such as the organization and clients. Technical proficiency: IT project managers are required to have a good knowledge of computers and possess the ability to understand and interpret complex technical issues. This enables them to proceed with seamless progress in project execution and completion. Problem-solving skills: A good manager should be able to identify any potential issues or challenges arising in a project on time and take the necessary steps to overcome or resolve them. Educational pathways Now that we know which skills are desirable in the IT industry for the position of a project manager, let us explore the various educational pathways that can lead us to this rewarding role: Undergraduate Degree: The first step is to obtain a relevant Bachelor’s degree in relevant fields such as Computer Science, Information Technology, or Engineering. A BCA or BTech degree can provide the necessary technical proficiency as well as equip students with other sought-after soft skills like effective communication, problem-solving ability, and teamwork coordination. Advanced Degrees: After graduating with a relevant undergraduate program, you may move on to pursuing an advanced degree in a related domain, such as an MBA in Project Management or a Master’s in IT Management. These degrees pave the path for career advancement and professional development, along with upskilling you to seek higher pay scales and leadership roles in the IT industry. Gaining relevant experience After acquiring the necessary professional degree to make a headstart in the world of IT, students need to gain relevant work experience in the domain to make their way up the ladder. Graduates can begin their career journey with entry-level positions that provide the much-required foundational experience in areas like IT support, software development, or system administration. Graduates also have the opportunity to gain professional experience through internships and co-operative education programs designed to help students gain hands-on experience and industry exposure. All of these are a significant step towards career growth in IT project management. Certifications and Training Continual upskilling is imperative and inevitable to career growth and advancement in any domain, and the IT sector is no exception. Some of the following certifications can help achieve professional growth and enable you to assume the role of an IT project manager: Project Management Professional (PMP): It enhances the skills and knowledge base of a professional in the field of project management, opening avenues for better career prospects and higher earning potential. Additionally, the certification is recognized globally and holds immense potential in the IT industry, placing project managers over their peers for career growth. Certified ScrumMaster (CSM): The certification provides students with the desired knowledge they need for managing agile projects. Scrum is one of the most popular and highly demanded frameworks in agile project management and gaining the CSM showcases your proficiency in the methodology. Additional Certifications: In addition to the above certificates, you can seek some other valuable certifications as well. These include the Information Technology Infrastructure Library (ITIL), Projects IN Controlled Environments (PRINCE2), and CompTIA Project+, the only certification for IT professionals that teaches them the basic skills needed to manage small to medium-sized projects effectively. Developing Key Skills Apart from professional certifications, some specific skills and competencies can come in handy to enhance the scope of IT project managers across industries. These include: Technical Skills: IT project managers must have technical proficiency in areas like software development, networking, and cybersecurity. Leadership and Team Management: A good project manager must be able to develop and showcase leadership qualities, and manage diverse teams. Communication and Interpersonal Skills: They must also have effective written and verbal communication skills to interact with stakeholders, team members, and clients. Building a Professional Network Along with upskilling, it’s important to network to advance in your career. Make sure to join relevant industry associations and groups such as the Project Management Institute (PMI) as well as local IT networking groups. This would help you get in touch with industry experts and more knowledgeable peers, allowing you the chance to learn from them and make advances in your career path. Staying Current with Industry Trends Considering that the IT industry is changing by the minute, thanks to rapid technological changes and innovations, it helps to stay on top of your game by engaging in continual learning. It can help stay updated with the latest technologies, methodologies, and best practices followed in IT project management. Job Search and Career Opportunities The last step on the path to becoming an IT project manager is to actively engage in the job hunt and be on the constant lookout for lucrative career opportunities that best align with your career goals. For this, you’d need to craft a strong resume and portfolio by showcasing some of the best projects that you worked on. Make sure to highlight your technical and soft skills and any other key achievements relevant to your job hunt. Find suitable job opportunities relevant to your skills and experience on job boards, company websites, and by networking with industry peers on various professional platforms. Take your career forward with Online Manipal Step up the career ladder with an MBA in Project Management from Manipal University Jaipur, offered completely online, ensuring convenience in learning, without disrupting your normal work schedules. The university is accredited A+ by NAAC and all its online degrees are UGC-entitled. The online MBA degree is offered in several domains, including project management and the two-year PG course is designed to equip students with the necessary advanced knowledge and skills in the domain of handling projects professionally. Students can utilize these skills in the IT domain, as in several other areas of work, and advance on their respective career paths. Conclusion This blog highlighted the scope of an online MBA in Project Management and its potential to enable graduates to take the first step to becoming an IT Project Manager. The path involves an ideal combination of education, experience, certifications, and continuous learning, as detailed in this blog. With the right guidance and support from Manipal University Jaipur’s online MBA in Project Management degree, you can take proactive steps toward your career goals, achieving new milestones.
Top government jobs for political science graduates Getting a government job is a matter of prestige for many and also offers a deep sense of security to professionals. Additionally, it can inculcate a sense of belongingness and gratitude towards the country and provide an opportunity to give back to society and contribute to its overall growth. The first step to entering a rewarding job role in the government is to pursue a political science degree. Graduates of this course are easily eligible to apply for government jobs as they gain a comprehensive understanding of politics and the government as well as its functioning at various levels. This blog highlights some of the top government jobs for political science grads in India. Government jobs for political science graduates Graduates in Political Science find it easier and also rather lucrative to apply for jobs in the government sector. This can be because of several reasons, some of them being job security, the interest of the student in public administration and related roles, and promising salary offers. Listed below are the top 8 roles in political science government careers that you can apply to after graduation in the domain. The corresponding job responsibilities and average annual salaries are also mentioned for your reference: Civil Servants: They are responsible for implementing all laws and policies designed by the government. They also help ensure law and order and serve as a mediator between the government and society. Avg Annual Salary (approx): INR 11,10,000 per annum Assistant Audit Officer: They take care of all accounts of the organization and are also responsible for auditing tasks and drafting documents and reports. Avg Annual Salary (approx): INR 11.3 lakh per annum Policy Analyst: He/she assesses the potential implications of adopting a policy, researches the existing problems that the government faces, and also identifies possible solutions to address the problem. Avg Annual Salary (approx): INR 9,11,345 per annum Assistant Section Officer: A job position at the clerical level, the person appointed for this role is responsible for carrying out all documentation work in the concerned government department. Avg Annual Salary (approx): INR 9.5 lakh per annum Bank Manager: They oversee the complete routine operations in a bank, handles complaints of customers, manages the entire branch, hires and trains branch employees, manages the budget, and allocates funds for the smooth functioning of the branch. Avg Annual Salary (approx): INR 8.8 lakh per annum Bank Clerk: They are responsible for accurate entry of all data related to government documents and policies as well as guiding customers, as required. Avg Annual Salary (approx): INR 4.5 lakh per annum Research Analysts: They help with gathering data, analyzing it, and generating reports based on the data collected. Avg Annual Salary (approx): INR 4,44,357 per annum Legislative Assistant: They are responsible for performing legislative duties for members of the parliament and other elected representatives of the government. They work closely with MPs to conduct research on policy issues and any pending legislation, maintain data, prepare reports, and communicate the same to other concerned officials within the jurisdiction of the MPs who they work for. Avg Annual Salary (approx): INR 4,25,041 per annum Benefits of getting a government job We looked at the various government job roles and their corresponding annual pay scales after graduating in political science courses in India. But what is the advantage of getting government jobs for political science graduates? Let us look at some of the key benefits: A government job assures a fixed and timely monthly income, which lends a sense of security about a private sector job. The salary is also competitive in the market based on your qualifications and experience. There is immense job security in a government job which can never be the case with a private sector job. Once you get a job in the government, you can look forward to continuing in the organization until your retirement without any fear or worry. A government job is also a prestigious status symbol for many in society. People holding government job titles are held in high regard. You can expect an ideal work-life balance in a government job as against the undue pressure and stress in private jobs. Government jobs offer a host of other benefits additional to the income. Government professionals are entitled to enjoy perks like travel allowance, retirement benefits, housing allowance, medical benefits, and more. Why political science is the best degree for government jobs Now that we have established the advantages of working in the government sector, let us look at the path that you can pursue to start your career in the domain. Taking up a professional degree program in political science is indeed the first step to land your dream job in the government sector. Here are some reasons why students aiming for a government job should pursue a political science degree: The course provides a comprehensive curriculum that enables students to delve deeper into concepts like politics, the functioning of various government departments, public administration, and the like. It is a blend of both theoretical and practical knowledge that students can apply in real-world jobs after graduation. Students are encouraged to opt for specialized courses that are customized to meet student preferences. These include public policy, international relations, and public administration. The course focuses on imparting effective communication skills, both written and verbal, including preparing analytical reports for all stakeholders, policymakers, and the public. Students can choose to advance their careers in government roles with a Master’s in Political Science after completing their undergraduate degree in the domain. This can help open up more promising prospects in political science public sector jobs. Pursue an online political science degree from Sikkim Manipal University. Ready to start your career as a responsible government professional with an aspiration to contribute to the growth of the nation, take the first step with a political science degree from a recognized university. Sikkim Manipal University is one of the very popular universities offering both undergraduate and postgraduate programs in the subject on the Online Manipal platform. The courses are provided in complete online mode, ensuring flexibility and convenience to the students. Start with a Bachelor of Arts or BA from Sikkim Manipal University, which is offered with a combination of Political Science, English, and Sociology on the Online Manipal portal. The course starts preparing students with a foundational knowledge of political science, along with other basic areas in sociology and English as well. You can then choose to specialize only in the political science domain for a more comprehensive understanding of the subject with a Master of Arts or MA in Political Science. Also offered by Sikkim Manipal, the program enables you to advance your career in the field of politics and the government by gaining deeper insights into related concepts. Conclusion We discussed the various careers in government for political science students and also how pursuing a course in the subject can open up more lucrative avenues for career advancement in the world of politics and the government sector. Promising job security, gratification, and a steady income, jobs in the government sector are highly preferred by most graduates in India. With a professional degree in political science, such as that offered by Sikkim Manipal University, you can move on to finding credible and recognized job roles in the sector at attractive pay scales. Register for a BA with combinations of Political Science, Sociology, and English, and an MA in Political Science from Sikkim Manipal and tread on to a rewarding career path today.
Stand out in the global job market with an MBA in project management Among the various professional skills in demand today in the business area, project management stands as one of the most sought-after. This is because projects can be completed timely and with utmost quality and efficiency only when there is a powerful force driving those projects, ensuring that the people involved deliver their best and on time. This is why professional degrees like an MBA in Project Management are in high demand today, as they hold the potential to provide a competitive edge in the international job market. The degree equips students with much-desirable skills in managing projects, people, and time. This blog looks at the importance of pursuing the degree in today’s competitive world and the lucrative job opportunities after an MBA in project management. You may also like: Top 25 interview questions for a project manager job The role of Project Management in modern business As stated above, project management is integral to achieving business objectives and driving organizational success. Effective management of projects is key to boosting employee morale, team productivity, and efficiency by optimal utilization of resources, and ensuring minimal delay or disruptions in the timely completion of projects. For this reason, there is a consistent demand for skilled project managers in diverse industries. A few examples include IT, construction, healthcare, finance, and the like. These sectors require professionally skilled individuals to effectively handle the entire lifecycle of a project, right from the inception through its execution and successful completion. Key skills acquired in an MBA Project Management program Now that we have established that project management is one of the top desirable skills in any industry today, it helps to upskill yourself with this competency, if you haven’t already. An MBA in project management can help with this. This is what the program can equip you with: Leadership and Team Management: Leadership skills are critical for effectively managing diverse teams and ensuring overall project success. A good leader can motivate and inspire the team, identify challenges, boost morale, resolve conflicts, encourage, foster productivity and creativity, and guide the team toward achieving common organizational goals with ease. Risk Management: Risk assessment and mitigation strategies are the key skills acquired in MBA project management and are particularly helpful in the timely identification and redressal of any potential challenges in project implementation. Besides, effective risk management skills also help managers lower the potentially damaging impact of risks and avert the possibility of their occurrence. Budgeting and Cost Control: Financial management skills are equally important in enabling effective budgeting and cost control in projects. MBA project management programs teach students how to estimate, budget, and keep control over the costs incurred throughout the lifecycle of a project. Communication and Negotiation: These are two very important skills of a good project manager. Through clear, concise, and transparent communication, they can effectively handle the expectations of stakeholders and the overall team dynamics. Additionally, their ability to negotiate comes in handy for bolstering healthy relationships among team members as well as between the team, the organization, and their respective clients. Career opportunities with an MBA in Project Management Upon graduating with an MBA in project management, numerous career pathways are likely to open up for promising and rewarding roles in various business industries. A few examples are below to help you understand the scope of an MBA in project management for your career trajectory: Project Manager: They are the primary person responsible for ensuring that a project is executed with the highest quality standards possible. Adhering to the defined budgetary resources, and completed within the specified deadline. Program Manager: They manage multiple related projects and drive strategic initiatives to ensure hassle-free completion of all these projects in the best possible manner. They essentially plan and organize all programs within the company and oversee all program activities to ensure that they meet the desired objectives. Operations Manager: They are integral to streamlining processes and improving overall team efficiency within organizations. They identify and convey the most economical way of achieving company objectives. They also ensure that all processes and activities are effectively streamlined to stay within the prescribed budgets. Consulting Roles: In addition to the above, MBA graduates can apply for work as project management consultants. In this role, they can provide their expertise to various businesses in parallel without necessarily being employed by any one of them. This flexibility enables individuals to utilize their skills and demand an independent pay rate for their services. It can be a lucrative career option for many MBA graduates in project management. Global demand for Project Managers Considering the vital role they play in any industry, there is a growing demand for skilled project managers. Specially with desirable qualifications like MBA in project management. Regions such as North America, Europe, Asia-Pacific, and the Middle East create a high demand for project managers across industries and sectors. The increasing need for specialized skills, the desire to improve processes, and the vast pool of skilled and talented professionals with an aspiration to advance in their careers explain the reason for the high demand in these areas. Apart from specific international regions, there is a sharp rise in the demand for skilled project managers owing to significant industry growth in various sectors. These include IT, finance, energy, construction, healthcare, engineering, and law, among many others. Advantages of online learning for MBA in Project Management We learned about the various benefits of pursuing an MBA in project management, including a wide-open global job market for project managers. For working professionals, there is the option of pursuing the MBA online. That too without the need for disrupting your regular work schedule or commitments. Here are some advantages of pursuing an online MBA in project management to help you make an informed decision: Flexibility and Accessibility: Online degree programs offer flexibility in choosing the time, location, and the option of self-paced learning. This ensures a perfect work-life balance, making it easier for working professionals to pursue an MBA. Global Networking: The online MBA degree in project management allows you the opportunity to connect with a diverse cohort of peers from around the world. It helps in enhancing global perspectives and opening career pathways into the international job market. Cutting-Edge Curriculum: Online programs often incorporate the latest industry trends and tools. It allows the students to be updated and relevant to the skills that are currently in demand for employment. Remarkable MBA Project Management case studies Online MBA project management programs also prepare students to deal with real-world business challenges. The course helps students with various technical and soft skills. Which includes effective management, to cope with any issues impacting the business in real work environments. Listed below are a few of such real-life case studies where an MBA in project management helped come up with effective strategies and solutions to overcome them: Airbus A380 Production of the largest commercial aircraft in the world was not devoid of any challenges. There were huge delays in the project. It included problems in outsourcing, manufacturing and delivery, and project coordination, which raised costs to over USD 6 billion. However, with strategic project management initiatives, the Airbus A380 was finally launched successfully, at par with customer expectations. London 2012 Olympics One of the very successful project management case studies reflecting successful management techniques for a large-scale global sporting event. The London 2012 Olympics project required the construction of a new sports infrastructure facility and also faced some security issues. With effective management methods though, the project was completed and a captivating event was launched. Sydney Opera House The world-renowned Sydney Opera House in Australia underwent numerous hurdles during the construction stage. Some of them included overspending, change management, and failure in design. Thanks to some brilliant project management methodologies, the project persevered through the various challenges and was completed in 1973, though a decade later than originally planned. Boston Central Artery A large-scale project for the underground construction of a tunnel witnessed many challenges along the way. Difficulties like technical failure, media lash, and overbudgeting. It finally saw success in 2007 by addressing the issue of traffic congestion, one of the primary hurdles delaying its progress. Deepwater Horizon Oil Spill Response As the name suggests, the project was designed as an appropriate response to the largest oil spill in 2010 ever known to the US. An explosion by an offshore drilling assembly caused the spill. The project made use of an effective project management strategy called the ‘waterfall approach’. It involved the project team to plan, execute, oversee, and close all stages of the project in a systematic pattern. (Source: https://www.upgrad.com/blog/project-management-case-studies-with-examples/) Take your career forward with Online Manipal Since MBA holds the key to your future success. Gear up for a rewarding and promising career ahead with an MBA degree under your belt. Manipal University Jaipur offers online MBA degrees in varied domains to suit students’ academic interests and career aspirations. Pick a subject of your choice and sign up for the two-year postgraduate degree on the Online Manipal platform. You may also like: Online Manipal – Providing incredible learning opportunities for learners from all walks of life! Conclusion An MBA in Project Management is one of the most valuable degrees. It has the potential to make you stand out and increase your demand in the international job market. Manipal University Jaipur’s online MBA in Project Management equips you with the right knowledge and skills to look forward to a global career opportunity in project management.
9 Priorities of Union Budget 2024-25 The budget for the union of Bharat is an expansion of the interim budget that was given by the government at the beginning of 2024. Its primary focus is on four major classes: the Garib (the poor), the Mahilayen (the women), the Yuva (the youth), and the Annadata (the farmers). This time around, compared to the previous budget that was given with the theme of Sapatrishi, it has focused on four major classes, as noted above, for the purpose of “Viksit Bharat,” while also spreading is concerned over micro, small, and medium-sized enterprises (MSME), skill enhancement, special packages and initiatives, and nine priorities of the government. Here are the nine priorities of Union Budget 2024-25: Productivity and Resilience in Agriculture: The primary focus is on increasing productivity and developing new high-yielding field and horticulture crops. Priority is given to natural farming, and farmers will have access to a variety of initiatives that will allow them to learn about and go forward with natural farming. It is planned to provide seeds and the necessary support in order to accomplish the goal of creating “Atamnirbhar Bharat.” The relationship between the center and the state will also be taken into consideration for the same. Continued use of the Kisan Credit card and crop insurance will be implemented. Employment and Skilling: On the basis of enrolment in the EPFO, the Prime Minister’s package, which includes three different programs, will be available for employment-related incentives. The engagement of women in the workforce will also be encouraged through the implementation of assistance programs such as creches and hostels for women. The foundation for carrying out the purpose will consist of the development of skills, the loaning of model skills, and partnership with industry. Check out higher education in Union Budget 2025 Inclusive Human Resource Development and Social Justice: Economic activities such as craftsmen, artisans, self-help groups, SC/ST/Women entrepreneurs, and street vendors will be supported through various schemes such as PM Vishwakarma, PM SVANidhi, National Livelihood mission, start-up India, and PM Janjatiya Unnat Gram Abhiyan, among others. This will be done in order to promote inclusive human resource development and social justice. The eastern region was given a package as part of the Purvodaya plan. Manufacturing & Services: The Mudra loans limit extension to 20 lakhs is the highlight in the category for raising entrepreneurs. It has been allocated to providing young people with the opportunity to participate in internships at prestigious companies. Support will be provided to the MSME sector in a variety of forms. In order to facilitate the access of micro, small, and medium-sized enterprises (MSMEs) and traditional craftspeople to foreign markets, e-commerce export hubs will be implemented. Urban Development: This includes provisions for urban development, which includes provisions for urban housing, water supply, and sanitation. In order to revitalize existing cities, brownfield redevelopment will be carried out. In few cities, it is planned to construct weekly haats or street food hubs in the cities. Housing for industrial workers in metropolitan areas will be made available using the public-private partnership (PPP) model. Energy Security: The Prime Minister’s Surya Ghar Muft Bijli Yojana was the most prominent program in the priority sector for the installation of rooftop solar pellets. The policy of storage encompasses the storage of power as well as the incorporation of renewable energy sources into the overall energy mix. The research and development of nuclear reactors and small reactors will be improved. Infrastructure: The expenditure on infrastructure will amount to 11,11,111 crores, which is equivalent to 3.4% of GDP. Providing state governments with loans that are free of interest in order to facilitate the construction of infrastructure. For the purpose of attaining enhanced connectivity across the nation through the construction of several expressway projects, the Pradhan Mantri Gram Sadak Yojana shall be maintained. The infrastructure of states that have been affected by natural disasters such as flash floods, landslides, and cloud bursts will receive support of centre in that regard. The states of Bihar and Andhra Pradesh receive special financial assistance. Innovation Research and Development: When it comes to innovation research and development, the ‘Anusandhan’ National Research Fund will offer help to basic research and prototype development programmes. Private sector-driven research and innovation at commercial scale will get financial support. This support will be extended to the private sector. Additional funding has been dedicated to the expansion of the space economy. Next Generation Reforms: Furthermore, the digitalization of the economy is the primary focus of this segment, which is titled “Next Generation Reforms.” The most important aspects of this agenda are the Jan Vishwas bill and the reforms to the corporate sector. Providing incentives to states in order to encourage them to execute business reform action plans and digitalization. It is planned to enhance the sectoral database in order to better data governance and administration. The committee that has been established is going to perform an evaluation of the new pension scheme. In addition, labour reforms are implemented; the Shram Suvidha and Samadhan portals would be redesigned and maintained in order to ensure compliance. NPS Vatsalya (for minors), Foreign Direct Investment, and NPS also featured in the framework. The budget for the union appears to be a continuation of the budgets for the past few years, with a few endorsements into the same. As a result of the fact that the number 9 is seen as extremely auspicious in Indian culture, and in light of all of these schemes and policies, the objective is to attain the goal of “Viksit Bharat.”
Product Company vs. Service Company: Which is better for MBA graduates? An MBA degree is the key that holds the potential to unlock a wide range of lucrative career avenues for graduates. Among the options available before them, MBA graduates often face the dilemma of choosing between product and service companies. Both have their unique set of advantages and some not-so-favorable traits for employees. It is therefore important to clearly understand the exact distinctions between the two to make an informed career decision. This blog aims to help you decide whether a product company for MBA graduates is the best choice or a service-based firm. You may also like: Steps to get a job in a product-based company Understanding Product Companies Let us begin by learning more about a product-based company first. As can be evident from its name, a product company is one engaged in the manufacture and sale of ‘products’ to end users or customers. By product, we mean a physical, tangible object or an intangible one. A few examples of well-known product-based companies in various industries are shared below for your reference: Footwear: Adidas, Nike, Puma Automobiles: Volkswagen, Ford, Toyota Education (intangible): Online Manipal, Coursera, Udemy It is worth noting here that the typical work environment and culture in product companies can be described as motivational and inspiring. These companies stress innovation in product development and have a more customer-centric approach. Understanding Service Companies Going by definition, a service company offers a certain type of service to its clients, which enables the latter to achieve objectives for which they may not have either the time or the necessary skill. These clients therefore engage the time and services of skilled professionals who work for service companies to get those tasks done. A few examples of service-based companies include housekeepers, doctors, lawyers, software firms, and the like. Shared below are some top service companies for MBA graduates: Deloitte Google JPMorgan Chase Wipro Amazon The work environment and culture in service companies gets defined by their intense focus on maintaining strong client relationships, effective project management, and timely service delivery. Also read: Increasing demand for business education and non-tech jobs Career Opportunities in Product Companies Let us now move on to understanding the types of job prospects that are available in product-based companies, particularly the scope after an online MBA. Some of the key roles and responsibilities available for MBA graduates in product companies are defined as follows: Product Manager – Responsible for strategizing product creation and its distinctive features Business Analyst – Responsible for conducting market analysis to assess the competition, gathering and analyzing data, understanding the exact requirements of the stakeholders, and maintaining communication with them Marketing Manager – Responsible for planning and developing marketing campaigns across all mediums – print, digital, and events, designing marketing strategies for product promotion, and managing marketing budgets by tracking Return on Investment (RoI). Some of the core skills required from MBA graduates working in product companies, which are highly valued, include technical knowledge, the ability to innovate and think out-of-the-box, and strategic analysis and thinking. Career Opportunities in Service Companies As we looked at the career scope for MBA graduates in product companies, let us now take a quick look at the various job opportunities after an online MBA in service-based companies. Some of the top roles that MBA graduates can apply for in-service companies include the following: Consultant – Responsible for designing a strategy to meet client requirements, developing strategies for change management for seamless transitions, maintaining healthy relationships with clients, and conducting regular evaluations of client requirements and their fulfillment from time to time Project Manager – Design project plans, and budgets, oversee the timely completion of service deliverables from the start through completion, monitor stage-by-stage progress, and address challenges, if any. Client Relationship Manager – They are the primary point of contact for all client queries, issues, and challenges, and are responsible for maintaining strong client relationships. They also ensure clear communication between the client and all stakeholders. Some of the key competencies that come into play for the above-mentioned roles include client management, effective written and verbal communication, and problem-solving skills. MBA graduates applying for these positions in service companies should possess these skills. Comparative Analysis We studied in detail the meaning of product and service-based companies and the career prospects each of them presents to MBA graduates. For your better understanding and easy reference, shared below is a summative comparative analysis of the two: Work Culture Product company: The focus is always on the product and how it can be creatively and innovatively designed or improved to make it stand out from the competition. The company’s work culture reflects the development of technical skills, team collaboration, and research and development activities that support the entire lifecycle of the product – from inception through completion, launch, and post-launch support to customers. Service company: The client is always supreme, understanding, and successfully meeting their requirements of primary focus. All work processes flow toward the timely delivery of high-quality services, which are consistent and guarantee overall client satisfaction. Also, service companies value soft skills in employees and their work culture reflects that focus – on effective interpersonal communication and pressure-handling ability to successfully achieve timely targets. Also, the work environment is more flexible and agile to adapt to changing client needs. Professional Growth Product company: Since product companies’ prime focus is product design and development, they emphasize more on the professional skill development of their employees. This includes providing opportunities for technical training, enabling employees to work with diverse teams for enhanced exposure, encouraging them to obtain relevant skill certifications, and participating in leadership programs. Additionally, these companies also work on fostering creativity and innovation among employees by providing challenging tasks and attractive incentives for motivation. Service company: Since service companies provide direct client-facing roles to employees, they focus on recognizing efforts and appreciating them to foster increased productivity, efficiency, and overall client satisfaction. Recognition programs and incentives are designed for exceptional service delivery by employees. Additionally, they are provided access to senior leadership roles in managing client accounts directly. MBA graduates aspiring for leadership and managerial positions can find their objectives align with the opportunities provided by both product and service companies. While the focus may be different in both types of organizations, both provide ample room for the all-rounded professional development of MBA professionals working therein, offering equal opportunities for growth and advancement. Job security Product company: Job stability in a product company is based more or less on the demand for the specific product in the market. This means that those companies offering products in high demand generally offer a higher job security compared to the others. Examples include technology firms such as Google, Apple, Amazon, etc. Additionally, those companies that are successfully able to adapt to evolving industry trends and market demands generally tend to fare better, guaranteeing job stability to their employees. Service company: Job stability is relatively more consistent in these companies since the demand for services in sectors like banking and finance, healthcare, beauty, and other essential services is generally consistent. Besides, companies adopting modern service-delivery models utilizing digital technology and remote delivery emerge successful, beating conventional service models bound by physical limitations. You may want to read: Job Security in the Age of Artificial Intelligence: Fact or Fiction? Personal and Professional Fit Joining a company after graduating with an MBA degree isn’t just about alignment of professional goals. The organization you choose to work with must align with your values and objectives just as equally. This alignment can influence your decision between product and service companies. A healthy work-life balance is one of the most vital considerations for MBA graduates in both types of companies. This includes the standard working hour requirements, travel requirements and frequency, and flexibility in work schedules and delivery. In addition to this, prospective employees should evaluate whether the potential company has a cultural fit. This is essential for long-term career success since it’s important that you do not feel like a misfit in the group/team that you work with and that your cultural value system more or less aligns with that of the organization at large. Lastly, overall job satisfaction is of prime importance and is often a consideration by MBA graduates in determining their preferences among product or service-based companies. Based on the nature of everyday work, the pay offered, whether it is proportionate to the amount of effort required, and long-term career growth, students completing MBA programs can make their choice. Take your career forward with Online Manipal Whether you choose between a product or service company is completely your preference; however, a professional degree like an MBA can help you move in the right direction – one that heads toward professional growth and skill development. And, with the added convenience of pursuing the degree online via self-paced learning, you can work on your professional upskilling anytime, anywhere. Manipal University Jaipur offers UGC-entitled online MBA degrees to help learners excel in the domain of business administration and grow further to assume leadership roles and management positions in their respective fields. Manipal University Jaipur is accredited in A+ grade by NAAC and its online degrees are evaluated by WES. Conclusion This blog simply aims at highlighting the key traits and features of a product and service company to enable MBA graduates to make an informed decision upon completion of their professional degree program. Which among the two you prefer is an individual choice, based on a host of factors, as also addressed in this blog. We also discussed the advantage of an online MBA in the current scenario where the need for professional upskilling is felt more than ever to stay relevant and in demand in the rapidly evolving market exposed to digital technological changes. In light of this is an online MBA program by Manipal University Jaipur that offers a postgraduate course to students and working professionals alike on the popular Online Manipal portal.
Navigating career growth with Manipal University Jaipur’s online MBA program Regardless of the career path one chooses, growing in that path is critical to financial stability, overall personal and professional satisfaction, and the motivation to continue working. Career development is known to have improved employee productivity, engagement, and retention, reducing attrition rates in organizations. Upskilling is one of the most significant keys to help unlock professional career growth. It helps them stay relevant to the industry they work in and find more rewarding career prospects ahead. An online MBA program is one of the most popular choices made by working professionals today in this regard. Providing them a perfect balance with managing their work priorities, Manipal University Jaipur (MUJ) offers online MBA programs to working professionals, offering flexible learning methods. This blog looks at the promising career opportunities after an online MBA from Manipal University Jaipur. You may also like: Role of MBA in today’s world Overview of Manipal University Jaipur’s Online MBA Program Master of Business Administration or MBA is a postgraduate degree that aims at equipping students (including working professionals) with the desirable skills of leadership and management to climb the corporate ladder. Let us now take a quick look at Manipal University Jaipur’s online MBA program: The course is designed for 2 years and students are provided the option to choose from 10 electives, each of them with a primary focus on career growth and development. The course electives include the following: Finance Operations Data Science & Analytics Human Resources Management Marketing International Business Fintech & IT Information System Management Supply Chain Management Project Management The curriculum of the online MBA program by Manipal University Jaipur is specifically designed to equip students with essential business skills. The 24-month course, divided into 4 semesters, it covers over 15-20 hours per week. Some of the key subjects covered as part of the course are: Business communication Managerial economics Marketing management Operations research Legal aspects of business Research methodology International business management Business leadership Manipal University Jaipur’s online MBA program is accredited A+ by NAAC and is also Rajasthan’s first university to receive this accreditation status. MUJ’s online MBA degree enjoys UGC entitlement and evaluated by World Education Services (WES). The course is also accredited by the NBA and enjoys industry-wide recognition from private organizations and governments alike. This further ensures the credibility of the degree. Key Benefits of the Online MBA Program As we know already, pursuing an MBA in a specialization of your choice is an added value asset to your curriculum vitae. It unlocks lucrative career prospects ahead and opens avenues for growth and development. Here are some top benefits of an online MBA from Manipal University Jaipur: Flexible learning One of the best advantages of pursuing an online degree is the ability to manage your time and choose when to study, where, and how. This is particularly helpful for working professionals who often find it difficult to keep their work commitments along with parallel study schedules. Online MBA from Manipal University Jaipur ensures complete flexibility and convenience of choosing self-paced learning so you don’t feel overwhelmed and also continue on your progress path. Access to quality education Time to put any concerns you may have about pursuing an online degree to rest because Manipal University Jaipur allows you complete access to high-quality education and resources, and equivalence in academic standards to a traditional campus degree. The university is replete with experienced faculty, interactive learning materials, and virtual classrooms, making online learning a complete campus-like experience from the comfort of your home. You may also want to read: Advantages of online learning for working professionals Developing Essential Business Skills The course is designed to empower students with leadership and management skills, which are essential for their career advancement. Professionals learn to be effective leaders and managers in their respective organizations, fostering teamwork and higher productivity among co-workers, thereby helping in the achievement of common objectives. The online MBA program also emphasizes on enhancing analytical and strategic thinking abilities, preparing students to make informed business decisions. Networking and Professional Connections One of the key steps to career advancement is tapping into your existing professional network and working on building a new network that can help unlock newer opportunities. Manipal University Jaipur has an extensive alumni network that you can tap into, to find opportunities for networking, mentorship, and career support. Additionally, the university partners with several leading industry leaders, and students get substantial exposure to real-world business environments and potential career opportunities. Also read: How our graduates are leveraging online learning for professional networking Career Support and Opportunities To help ensure that you don’t feel completely lost at this new stage of your career trajectory, waiting to transition to the next level, Manipal University Jaipur offers a host of career support services to graduates. These include professional assistance with resume building, interview preparation, and job placement assistance. The online MBA program by the university is designed to help students secure internships and job placements in reputable companies, thereby enhancing their career prospects. Upon graduation, students can apply for internships or training opportunities to gain real-world experience. Global Perspective and Opportunities Manipal University Jaipur’s online MBA is designed to provide an overall global perspective to students, making room for opportunities to work on international projects, engage in global collaborations, and pursue inter-country study tours. All this provides students with much-needed international exposure, instilling confidence in students to tread forward on their career paths. Moreover, there is ample scope after an online MBA for graduates to pursue career opportunities across the globe. This happens because the degree is recognized internationally by various sectors and industries, making it easier for graduates to find employment anywhere in the world. Success Stories and Testimonials The best way to believe the truth in the immense potential that Manipal University Jaipur’s online MBA holds for you is to hear it out from those who have graduated with the degree and achieved significant career growth after completing the online MBA program from the university. As Aman Rawat, an online learner with Manipal University Jaipur puts it, “As a software developer with 4 years of experience, I faced limitations in job opportunities due to the lack of a master’s degree. Discovering MUJ’s online platform was a game-changer for me. The exceptional faculty, timely updates on live classes and assignments, and the unique virtual lab experience enhanced my learning journey significantly. I am grateful for the opportunities MUJ has provided me and would highly recommend it to fellow professionals seeking career advancement.” Pragya Gupta shares yet another success story with completing her online MBA from Manipal University Jaipur, pointing out guided support by experienced faculty for seamless career advancement as the highlight of the course. There are many more such success stories and you can make your own by signing up for the program and elevating your career to the next level. Conclusion An online MBA from Manipal University Jaipur is the perfect stepping stone to career success, irrespective of the job role or the industry that you work in. The program is tailored to meet the varying requirements of students per their differing career aspirations and dreams. The comprehensive support and opportunities provided by Manipal University Jaipur’s online MBA program make the whole experience completely worthwhile, ensuring a hassle-free career elevation or even transition to a completely different career path, as suits you fine. This program is a strategic step towards achieving your career goals and advancing in your professional journeys. Take this step today for a brighter tomorrow for you and your loved ones.
What is the Consumer Protection Act? The Consumer Protection Act was introduced in 1986 to provide customers with fast and appropriate compensation against their complaints and grievances. As the name suggests, the Act is meant to protect consumers, the end-users of any product/service, against flaws or quality complaints in the goods and services being used. The Act further provides consumers with the right to raise their voices against manufacturers practicing trade via any illegal means. It is a common forum for both the consumers and the traders to address their concerns, receive adequate aid and support, and also remove the need for unnecessarily long-stretched lawsuits. The Consumer Protection Act 2019 replaced the 1986 Act, introducing many provisions to safeguard the rights and interests of consumers. This blog provides further details on the Consumer Protection Act overview and how it helps both parties. Features of the Consumer Protection Act The Consumer Protection Act is designed to cater to the varied needs of consumers and to safeguard their interests against any malpractices of manufacturers and traders. Some of the salient features of the Act are defined as follows: Three-tier grievance redressal: All consumer complaints are addressed and resolved via a three-tier grievance-redressal mechanism under the Act. This covers the district, state, and national levels respectively. Wide scope: The Act covers the entire private, public, and cooperative sectors and applies to all goods and services provided by these sectors to end users. Consumer education: Efforts are made to educate and inform consumers under the Act, empowering them to make guided and informed decisions for their overall well-being. Broader definition of the term ‘consumer’: The Act not only defines a consumer as the person who purchases goods or services but also those who use those goods and services. However, the goods and services so defined should be used with the approval of the original buyer in this scenario. Safeguard against illegal trade practices: The Act protects all consumers against unfair and illegal trade practices, such as misleading or deceiving consumers. Regulations for e-commerce: The Consumer Protection Act also covers e-commerce transactions to equally protect the rights and interests of online customers. All businesses operating on online platforms are required to maintain complete disclosure about their products, and services, grievance redressal policies, and refund policies (if applicable). What are consumer protection rights and responsibilities? The above sections had the Consumer Protection Act explained in detail, defining its core meaning and essential features. Let us now move on to understanding the Consumer Protection Act in detail by learning more about the rights it grants to consumers and the responsibilities that tag along with them, since each right has an added responsibility as well. Consumer protection rights empower consumers with informed choices, upholding the accountability of businesses for the products and services they offer to their customers. Consumer Rights Let us first look at the various rights that the Act empowers consumers with: Right to information: The Act provides all buyers access to complete information regarding the details of the product, its ingredients, manufacturing, and expiry dates, and any other vital details concerning the buyer directly or indirectly. This helps the buyers make informed decisions at the time of purchase. Right to safety: This enables the consumer to insist on the quality of the product at the time of buying. They can ask to check for product quality certifications such as AGMARK or ISI. Right to be compensated: A consumer has the right to be compensated (monetarily or otherwise) against any unfair or illegal trade practices carried out by the manufacturer or trader. This includes consumer exploitation in any form, wherein they have the right to seek complete redressal and compensation for the grievance raised. Right to choice: The Consumer Rights Protection Act further enables all customers to choose from a wide array of goods and also to purchase goods at competitive prices in the market after evaluating the cost of each. They can freely reject products that do not meet their budget or other requirements. Right to be heard: The consumer is entitled to receive full attention at an appropriate forum when they highlight their grievances. The forum shall hear the consumers’ plea and take the necessary action accordingly for prompt redressal. Right to consumer education: All consumers have the right to be educated or made aware of their rights as buyers to avoid exploitation from traders or manufacturers. Responsibilities of a consumer Any right is incomplete without the due responsibility required from a person, which they must perform on their part. The Consumer Protection Act therefore entrusts buyers or users with certain responsibilities as well, while granting them the above-mentioned rights. Let us look at some of these below: Responsibility to express: Whenever a buyer faces any concern or grievance against any malpractice, they should promptly and fearlessly speak their mind and inform the concerned traders of their exact issues. This can help in the timely and adequate redressal of customer grievances and save unnecessary inconvenience to both parties involved. Responsibility to be informed: Just as a trader is entitled under the Act to provide complete information about the product to the consumer, the latter too is responsible on their part to be fully aware of the products that they choose to buy and ensure their quality and safety at the time of buying. Responsibility to be ethical: Fairness is a two-way street. Just as the consumer demands the right to raise their voice against trader malpractices, he/she is equally responsible for ensuring that they do not engage in any unfair or deceptive practices on their part at the time of purchase. This may include stealing, lying, deceiving the seller, and the like. Responsibility to make independent choices: Under the Act, customers are advised to be clear about their exact needs and wants, and make independent, uninfluenced choices for their well-being. Importance of Consumer Protection Act We already covered the key features, rights, and responsibilities of consumers as covered under the Consumer Protection Act, of 1986, in the sections above. Let us now quickly look at why the Act is important and its relevance in the current times: Protection against monopoly: The Consumer Protection Act keeps monopoly by certain businesses under check and protects consumer interests. Educating consumers of their rights: With the introduction and implementation of the Act, many consumers who were ignorant, uninformed, or misinformed about their rights have been educated and enabled to secure their interests and rights as buyers. Protection against misleading ads: Creating deceptive ads to lure consumers is not an uncommon practice by several business enterprises in India. Some traders intentionally trick consumers via misleading or inaccurate information contained in their ads. The Consumer Protection Act shields consumers against such exploitative practices. Guarantee consumer safety: The Act assures the good health of customers by informing them regarding any adulterated products that can potentially harm their health in the long run. Protection against malpractices: Consumers are safeguarded from biased trade malpractices and illegal activities that can be potentially harmful. Improve accountability: The Act has been effective in improving the accountability of businesses, manufacturers, sellers, and service providers toward their end users, ensuring adherence to fair practices and the highest quality standards in both goods and services offered. Conclusion This blog is an effort to present a detailed Consumer Protection Act guide to help you understand the meaning of the Act, its features, importance, and relevance in the current times, and how it has been implemented to benefit consumers. Without the Act, our interests as consumers would not be safeguarded and exposed to suspicious and malicious practices of certain business enterprises establishing a monopoly in the market. The Act has been carefully designed to address consumer grievances in a marketplace that is evolving rapidly. It provides a strong network for not only grievance redressal but also consumer rights and accountability, creating fairness and transparency for both consumers and businesses.
