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20 Best Career Options after B.Com 2024: What to do After B.Com? [updated]
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20 Best Career Options after B.Com 2024: What to do After B.Com? [updated]

Summary: In this article, you will learn the 17 Best Career Options to choose from after B.Com [2024]. Take a glimpse at the list of courses below. Master of Business Administration from Deakin Business School (MBA) Chartered Accountancy (CA) Company Secretary (CS) Master of Commerce (M.Com) Chartered Financial Analyst (CFA) Business Accounting and Taxation (BAT) Certified Management Accountant (CMA) US Certified Public Accounting (CPA) Financial Risk Manager (FRM) Association of Chartered Certified Accountants (ACCA) Certified Financial Planner Certificate in Investment Banking (CIB) Bachelor of Education (B.Ed) Digital Marketing Government Exams Insurance  Wealth Management Read the full article to get more course details such as career scope, job opportunities, and salary insights. “What to do after B.Com?” How many of you wonder which are all the best career options after B.Com? What are all the best courses after B.Com? How to achieve the best career after BCom? Bachelor of commerce or B.Com is among the most popular graduation courses that students take after completing school. Continue reading this blog to make the best decision for your life. Meanwhile, you can also check out our free courses. In today’s day and age, getting a B.Com degree is crucial for a commerce student, but it is not enough. It is not easy to find high-paying jobs for B.Com graduates if one has not chosen the right courses after B.Com. This article will help you know more about after-b.com jobs and salary details. Completing a degree can’t promise you a great career after b.com. One has to take up a post-graduation or professional certificate to have a well-established career after a B.Com degree.  There are plenty of short-term courses after B.com that you can pursue to further your chances of bagging high-paying jobs. There are several career options available to students after completing a graduate degree in B.Com, but not all students are aware of the different routes they can take to establish a successful career. Let’s discuss the available career options after B.Com that you might consider for a stable job opportunity in the future. Students who are apprehensive about “What can I do after BCom?” Will get their doubts cleared. Explore our course on Management Essentials from upGrad.  Why should you pursue B.Com? There are several B.com courses available in various streams to cater to the diverse interests of candidates. Let us now look at the positive aspects of pursuing B.com courses over other undergraduate degrees. B.com prepares candidates to become future entrepreneurs. Unlike BBA which focuses primarily on coaching students for managerial positions, the B.com degree prepares the candidates for both the corporate world and entrepreneurship.  Candidates gain great knowledge in business and finance that can be leveraged to advance in their careers or business ventures. B.com degree and short-term courses after the B.com list have a vast domain compared to other degrees and B.com degree holders can work in a range of sectors like marketing, accounting, consultancies, investment banking, banks, capital management, etc.  Many organizations prefer B.com graduates over others owing to their vast and diverse academic exposure. The entry-level package of B.com holders is much higher than other degree holders. Many short-term courses are specifically designed to help B.com graduates gain advanced and industry-relevant skills.  Bcom Scope You Must Know What to do after graduation in commerce? Following their BCom, the majority of candidates seek answers for after b.com which course is best to have a decent career. These days, having an after Bcom courses alone won’t get you far in your career.  One has to become an authority in the field of their choice to guarantee a solid start. Both academic and professional course after B.com are available for those looking to advance their knowledge and expertise in the field. You can get work in the banking, accounting, and finance sectors after earning a BCom degree.  For those wondering ‘after Bcom which course is best,’ there is a wide range of after graduation courses in commerce to choose from. Accounting and finance are applicable to all industries since they are two of the four pillars of any business organisation. Career After Bcom: Sector-Wise Categorization After Bcom which course is best or what to do after Bcom? Here are the different sectors where you can explore course after B.com in commerce: Banking Opportunities in the government sector are numerous, including working as an official at a government bank or in a company’s finance, accounting, or management department.  Suppose someone is passionate about starting their own business or going into government. In that case, they have the best career prospects after earning a BCom degree from any recognised school that has earned UGC-DEB certification. Finance A bachelor’s degree alone, such as a BCom, is insufficient for a stable career in the dynamic and constantly evolving modern labour market. Students require more than simply a BCom degree to compete in today’s competitive job market. So, after b.com which course is best to give you the career push you need? They require more abilities in addition to precise knowledge. After receiving your BCom, we’ll discuss how you can follow your aspiration of working in the finance sector. Working in finance is a fascinating industry. It is commonly acknowledged that obtaining a bachelor’s degree, especially a B. Com in the field of business, can be a prudent career decision and is the absolute minimum needed to secure regular employment. Looking to leverage your commerce background? Dive into the wide range of career options for commerce students and unlock the door to numerous opportunities that await you in the business world. Accounting Career after Bcom in accounting has a wide range of applications. The area has a lot of promise, and graduates are getting hired by respectable companies with good pay packages. That’s because finance, commerce, and other related fields are becoming widely accepted as a global language. As a consequence, BCom graduates in accounting have access to a variety of career options. Graduates usually earn about INR 4.78 LPA on average. Insurance The popularity of BCom Insurance Management among students is rising due to the market’s abundance of insurance companies presenting a range of life and non-life insurance products. After completing this course, candidates may work for banks, financial institutions, insurance organisations, or audit firms handling tax-related issues. Taxation People with a Bcom degree in Taxation can explore various job opportunities, such as those in teaching, finance, actuarial science, chartered accounting, tax consulting, tax specialists, senior tax management, tax compliance management, and insurance. Both the governmental and private sectors employ graduates.  With experience and skill levels increasing over time, freshmen in BCom. Taxation can anticipate earning an average of INR 2 to 4.5 LPA. Education Following your BCom degree, you can pursue the very simple but beneficial B.Ed. Program. Your career as a lecturer can benefit from the knowledge you have acquired as a B.com graduate. After receiving a BCom (B.Ed.), one of the simplest career paths is probably the Bachelor of Education. The greatest course offered after b.com is the two-year postgraduate teaching degree, or B.Ed., which was designed expressly to allow students to embark on an academic career.  If you graduated with a 50–55 percent mark from a recognized Indian university, you are eligible to participate in this course. Wealth Management & More As a wealth manager, you’ll offer financial services and advice to clients to support them in their financial ambitions. Wealth managers are responsible for managing relationships, providing account information to clients, and making investment suggestions. To succeed as a wealth manager, you must possess good sales and negotiating skills, be self-assured, and be able to convey complex information. Ultimately, a superior wealth manager should possess strong communication skills, a thorough understanding of wealth management, and an awareness of client relations tactics. Curious about the most lucrative career paths in commerce? Explore our detailed guide on the highest paid jobs in India in commerce, and aim for a prosperous future in the business world. Best Career Options After B.Com 1. Master of Business Administration from Deakin Business School (MBA) MBA is the most popular course available for students & one of the best courses after B.Com, not just graduating from commerce but any other field. In this course, you learn to manage all the aspects of a business based on the specialization you choose. For MBA, you need to clear CAT or Common Admission Test. Your CAT score determines which college you get into. It is one of the best career options after B.Com. It’s recommended to do MBA after completing 2-3 years of work. If you are not able to do a full-time MBA because of various reasons, you can take the MBA program from Deakin Business School offered by upGrad. Deakin is one of the top 10 B-Schools in Australia and offers the same degree as that offered to its full-time students on campus. Deakin MBA also offers dual credentials with an IMT Ghaziabad certification and a Deakin MBA degree. Various multinational companies hire fresh MBA graduates, and the starting salary ranges from 5 lakhs per annum to 25 lakhs per annum based on the Institute you graduated from and one of the best courses after b.com.  For those hoping to obtain an international degree from the comfort of their home country, upGrad brings you the Masters of Business Administration from GGU, created in collaboration with the Golden Globe University, San Francisco. The course is specifically designed for working professionals who aim to nourish their skills while working. This is one of the best after B Com courses. According to payscale, the average salary of MBA graduates is 7.2 LPA in India. List of popular companies for MBA graduates: Source Based on the specialization and domain the professional wish to pursue, the choices increase for them. Some of those are mentioned below- Job Role Average Salary Top Employers Marketing Manager  7.4 lakhs per annum Amazon Microsoft Google Dell Technologies Oracle  Meta Walt Disney Company Sales Manager 8 lakhs per annum  HDFC Bank Bharti Airtel Amazon TCS Wipro Tech Mahindra IBM Finance Manager 13 lakhs per annum Accenture Wipro TCS Infosys Genpact Capgemini ITC HR Manager 7.0 lakhs per annum Accenture Google Amazon Reliance Industries Mahindra & Mahindra Cognizant HCL Tech Project Manager 11.0 lakhs per annum TCS Ernst&Young IBM Wipro American Express Adobe Business Consultant  11.5 lakhs per annum Capgemini Ernst&Young Cognizant Infosys Consulting Accenture List of popular colleges to pursue MBA from has been mentioned below- India The United States of America The United Kingdom Canada Australia IIM Bangalore Harvard University Imperial College Business School Rotman School of Management University of Melbourne IIM Ahmedabad Stanford University Warwick Business School Smith School of Business University of New South Wales IIM Calcutta The University of Chicago London Business School Ivey Business School University of Queensland FMS Delhi MIT University of Cambridge Desautels Faculty of Management) Monash University IIM Indore Columbia University University of Oxford Schulich School of Business Macquarie University XLRI Princeton University Imperia College Business School John Molson School of Business Adelaide Business School ISB New York University Durham University Business School Alberta School of Business University of South Australia XLRI Yale University Lancaster University Management School Dalhousie University Griffith Business School Check out upGrad’s exclusive course on Management Essentials.  Featured Program for you: MBA from Golden Gate University 2. Chartered Accountancy (CA) The first course that generally comes to the mind of a commerce student as a career option is CA. CA is one of the best career options after B.Com. Unlike an MBA, students can enroll for CA right after completing high school. CA comprises three stages, namely CPT, IPCC, and CA Finals. Clearing all three stages along with an internship of 2.5 years makes you a certified chartered accountant. Arguably it is one of the best career options after B.Com. The duration of this course is three years, and this course can also land you jobs in multinational companies like EY or Deloitte. You can also open your own CA firm and practice your degree thus it is one of the best courses after B.Com. Top employers for CA graduates: Source Eligibility to pursue CA- Post completion of 12th or after Graduation Career Opportunities and Salaries are projected for Chartered Accountants- Internal Audit Tax Audit Forensic Auditing Treasury Statutory Audit Finance Controller Management Consulting Average CA Salary Source CA Salary Based on Cities City Salary Bangalore ₹11.4 Lakhs New Delhi ₹10.7 Lakhs Mumbai ₹11.1 Lakhs Hyderabad ₹12.1 Lakhs Pune ₹11.2 Lakhs Gurgaon ₹12.6 Lakhs Ahmedabad ₹10.5 Lakhs Kolkata ₹13.1 Lakhs How does experience affect CA salary? Experience Salary 1 Year ₹6.8 Lakhs 2 Year ₹7.1 Lakhs 3 Year ₹7.5 Lakhs 5 Year ₹8.6 Lakhs 7 Year ₹12.1 Lakhs How do Industries affect CA salaries? Industry Salary Accounting ₹12.4 Lakhs Financial Services ₹10.5 Lakhs Management Consulting ₹13.9 Lakhs IT Services ₹12.5 Lakhs Manufacturing ₹11.3 Lakhs Also Read: Career Options For Commerce Students 3. Company Secretary (CS) If you are wondering what to do after b.com, Company Secretary (CS) is one of the many pivotal job roles from the b.com courses list, in an organization. A company secretary is one of the key managerial positions of the C-suite, including the CEO and CFO. A CS is responsible for managing all the legal aspects of a firm/organization. Company Secretaries usually take care of a company’s tax returns, maintain tax records, offer actionable advice to the board of directors, and ensure that all the legal and statutory regulations are met with one of the best courses after b.com.  To become a Company Secretary, you must study corporate law. This is a 3-year long degree comprised of three stages – Foundation, Intermediate, and Finals. Learn MBA Courses from the World’s top Universities. Earn Master, Executive PGP, or Advanced Certificate Programs to fast-track your career. Eligibility to pursue Company Secretary- Graduation Some of the job opportunities after the company secretary course- Job Opportunities Arbitration and Conciliation Financial Management Due Diligence Corporate Restructuring Project Planning Foreign Collaborations Capital Market and Investor Relations Top employers recruiting Company Secretary Adidas Coal India Limited Lenovo Cure. fit (cult. fit) Piaggio Group Average Company Secretary Salary Company Secretary Salary Based on Cities City Salary Bangalore ₹9.5 Lakhs New Delhi ₹8 Lakhs Mumbai ₹9.7 Lakhs Hyderabad ₹9 Lakhs Pune ₹8.4 Lakhs Gurgaon ₹7.8 Lakhs Ahmedabad ₹8 Lakhs Kolkata ₹6.9 Lakhs Source How does experience affect Company Secretary salary? Experience Salary 1 Year ₹4.6 Lakhs 2 Year ₹4.8 Lakhs 3 Year ₹5.4 Lakhs 5 Year ₹7.2 Lakhs 7 Year ₹9 Lakhs How do Industries affect Company Secretary salaries? Industry Salary Engineering ₹10.2 Lakhs Financial Services ₹10.1 Lakhs Internet ₹11.8 Lakhs IT Services ₹11 Lakhs Manufacturing ₹10.1 Lakhs 4. Master of Commerce (M.Com) M.Com is a master’s course in commerce. This degree is 2 years long in duration and can be attained through any government-recognized university or college in India. This course helps you master the concepts you learned as a B.Com student and apply them in the professional world. M.Com is a postgraduation degree in commerce. Apart from commerce, this specialization also focuses on fields of accounting, business management, economics, banking & finance, finance & control, and taxation, to name a few. M.Com is the ideal course for aspirants who wish to build a career in the BFSI (banking financial services and insurance) sector or the accounting and taxation sectors. List of top companies hiring M.Com graduates: Source The career opportunities and salaries may differ for M.Com graduates who have experience and who do not have any experience. The average salary for the M.Com graduates is mentioned below. Average M.Com Salary Source M.Com Salary Based on Cities City Salary Bangalore ₹2.8 Lakhs New Delhi ₹3.2 Lakhs Mumbai ₹1.9 Lakhs Ahmedabad ₹2.3 Lakhs Pune ₹2.1 Lakhs Jaipur ₹2.2 Lakhs Kurnool ₹2.4 Lakhs Chennai ₹2 Lakhs How does experience affect M.Com salary? Experience Salary 1 Year ₹1.8 Lakhs 2 Year ₹2.2 Lakhs 3 Year ₹2.4 Lakhs 5 Year ₹2.5 Lakhs 7 Year ₹2.7 Lakhs How do Industries affect M.Com salaries? Industry Salary Financial Services ₹2.5 Lakhs Education ₹1.8 Lakhs Internet ₹2.1 Lakhs Banking ₹2.6 Lakhs BPO ₹2.6 Lakhs Checkout: Best Online MBA Courses in India 5. Chartered Financial Analyst (CFA) The Chartered Financial Analyst (CFA) is a globally recognized professional designation offered by the CFA Institute. Generally, the CFA course duration is 2.5 years, and it is designed to measure and certify the competence and integrity of financial analysts. CTA is a great choice if you are concerned about post-b.com jobs and salary. The CFA course includes a wide range of topics in the domain of advanced investment analysis, including statistics, economics, probability theory, corporate finance, security analysis, financial analysis, fixed income, derivatives, alternative investments, and portfolio management, among other things which made this one of the best courses after B.Com. To accomplish the designation of a CFA, you must pass a three-tier exam. Since CFA is considered to be the highest standard in the industry, CFAs are recruited by some of the top players like JP Morgan, Goldman Sachs, UBS, BlackRock, Morgan Stanley, and Royal Bank of Canada. The average salary of a Chartered Financial Analyst is Rs. 6.6 LPA which makes it one of the most fascinating career after B.Com. How the city you work affects your pay: Source Explore our Popular MBA Courses Master of Business Administration from Golden Gate University Master of Business Administration (MBA) Liverpool Business School MBA from Deakin Business School MBA in Digital Marketing from Dekin University Executive MBA from SSBM View all MBA Courses 6. Business Accounting and Taxation (BAT) Still, need options before deciding what to do after B.Com? Business Accounting and Taxation (BAT) Course is a program that is meticulously designed by industry experts to groom aspirants to become industry-ready for accounting job roles. It is an excellent career option for B.Com graduates. In this program, you will not only engage in practical and experiential learning but also master some of the most in-demand tools of the accounting and taxation industry and one of the best courses after B.Com.  The course learning modules comprise topics like financial reporting using ERP software, finalization of financial statements, goods and service tax (GST), direct taxation, payroll components ESIC, and Excel and MIS reporting. After completing this intensive course, you can choose from an array of promising job profiles, such as tax consultant, corporate legal assistant, company law assistant, finance manager, accounts executive, and tax analyst, to name a few. The students who are confused about after b.com which course is best should be assured that Business Accounting and Taxation is one of the best courses. The average salary for BAT skills usually ranges between Rs. 4 LPA. Top employers Source 7. Certified Management Accountant (CMA) CMA is the answer if you are thinking about a career after b.com in abroad. In this course, you will have to clear two stages of examination along with a work experience of 2 years. The Certified Management Accountant (CMA) is another globally acknowledged professional certification credential that is offered by the Institute of Management Accountants in the USA. It focuses on two fields – management accounting and financial management. If you possess this certification, it means that you are competent and knowledgeable in areas like financial planning, analysis, control, decision support, and professional ethics. To be a CMA-certified professional, you must clear two stages of examination and also have a work experience of two years. After obtaining the CMA certification, you can find employment opportunities in organizations of all sizes and across all industries. From public and private enterprises and not-for-profit organizations to academic institutions, Government entities (USA), and MNCs – CFA-certified professionals are always in-demand. The individuals apprehensive about after B.Com which course is better should be aware that CMA is one of the best. List of top employers for CMA Source Average CMA Salary CMA Salary Based on Cities City Salary Bangalore ₹4 Lakhs Ahmedabad ₹6.5 Lakhs Pune ₹5.8 Lakhs Hyderabad ₹6 Lakhs Chennai ₹10.5 Lakhs How does experience affect CMA salary? Experience Salary 1 Year ₹5.5 Lakhs 2 Year ₹5.8 Lakhs 3 Year ₹6 Lakhs How do Industries affect CMA salaries? Industry Salary Engineering ₹8.5 Lakhs Analytics ₹6 Lakhs Manufacturing ₹5.5 Lakhs IT Services ₹8.6 Lakhs Internet ₹4 Lakhs Source 8. US Certified Public Accounting (CPA) Another globally-recognized professional designation in our list is Certified Public Accountant. It is offered by the American Institute of Certified Public Accountants (AICPA) and is one of the best courses after b.com. To pursue this course, you must possess in-depth knowledge of generally accepted accounting principles (GAAP). To obtain the CPA license, you must have a solid background in accounting, along with extensive education (at least 150 hours), and pass a rigorous four-part exam.  CPAs are responsible for preparing financial statement audits and other attestation services to help inform investors about the financial health of companies and firms. Also, they offer advice on taxes and financial planning to both corporations and individuals. Their primary duty is to provide financial reporting and advisory services to encourage informed decision-making and foster financial growth. Average CPA Salary CPA Salary Based on Cities City Salary Bangalore ₹2.2 Lakhs New Delhi ₹2.2 Lakhs Mumbai ₹2.2 Lakhs Ahmedabad ₹2.4 Lakhs Pune ₹2.3 Lakhs Jaipur ₹2.3 Lakhs Chandigarh ₹2.3 Lakhs Chennai ₹2.1 Lakhs How does experience affect CPA salary? Source Experience Salary 1 Year ₹1.8 Lakhs 2 Year ₹2.2 Lakhs 3 Year ₹2.4 Lakhs 5 Year ₹2.5 Lakhs 7 Year ₹2.7 Lakhs How do Industries affect CPA salaries? Industry Salary Financial ₹2.3 Lakhs Banking ₹2.3 Lakhs Internet ₹2 Lakhs IT Services ₹1.7 Lakhs Recruitment ₹2 Lakhs 9. Financial Risk Manager (FRM) For a recognized degree in banking and finance, FRM is an excellent option. The designation of Financial Risk Manager (FRM) is offered by the Global Association of Risk Professionals (GARP®). It is the gold standard in the financial and risk management industry. If you obtain this certification, it indicates that you have a sound understanding of risk management concepts in the present dynamic financial market. This is a relatively short-term course of nine months. To become an FRM-certified professional, you must complete GARP’s FRM Program. Exams are usually conducted in two parts May and November. FRM is one of the best courses after b.com.  A Financial Risk Manager’s primary job duty is to identify and analyze threats to the company’s assets, earning capacity, and performance or success in the market. Financial Risk Managers can work in sales, private banking, loan origination, credit/market risk, trading, marketing, and financial services. After completing this course, your average salary range will be anywhere between Rs 10 – 18 LPA in India. Top employers for Risk Manager in India Source Employers for the financial risk manager J.P Morgan & Chase HSBC ICIC Bank Ltd. Amazon Career opportunities in the financial risk management Manager- Capital Markets Valuation Risk Manager Lead Assistant Manager Manager- Risk Investigations Enterprise Risk Manager Risk Consulting 10. Association of Chartered Certified Accountants (ACCA) For all the students who are wondering what to do after b.com, this popular course is well known in 173 countries and is opted for by thousands of students worldwide. There are 14 papers that you need to clear in this course, and the duration of this course is two years. Multinational companies have a high demand for graduates of this course and pay a salary ranging from 5 to 16 lakhs making it one of the best careers after BCom. Top companies hiring ACCA Source Job Opportunities available after ACCA Average Salary Collections Specialist 5.0 lakhs per annum Management Accounting 9.4 lakhs per annum Business Analyst 7.0 lakhs per annum Corporate Finance Expert 5.7 lakhs per annum Auditor 5.0 lakhs per annum Tax Consultant 5.8 lakhs per annum 11. Certified Financial Planner CFP is one of the best courses after BCom. It has a duration of 6 months and avails career options like a financial consultant and insurance consultant for its graduates. A certified financial planner provides services to his clients with expertise on topics like investment plans, insurance decisions, tax issues, and personalized financial advice.  The CFP certification is a recognition of expertise in fields like financial planning, taxes, insurance, estate planning, and retirement. To earn this certification, you must meet four formal requirements – education, performance on the CFP exam, relevant work experience, and demonstrated professional ethics Average CFP Salary CFP Salary Based on Cities City Salary Bangalore ₹3.4 Lakhs New Delhi ₹3.5 Lakhs Mumbai ₹4.4 Lakhs Jaipur ₹3 Lakhs Kolkata ₹3 Lakhs Chennai ₹3.6 Lakhs How does experience affect CFP salary? Experience Salary 1 Year ₹3.4 Lakhs 2 Year ₹3.8 Lakhs 3 Year ₹4.9 Lakhs 5 Year ₹7.1 Lakhs 7 Year ₹7.9 Lakhs Source How do Industries affect CFP salaries? Industry Salary Financial ₹4.3 Lakhs Accounting ₹3.8 Lakhs Internet ₹3.6 Lakhs IT Services ₹3.6 Lakhs Banking ₹4 Lakhs 12. Certificate in Investment Banking (CIB) To get a certificate in investment banking, you’ll have to take the CIB course for six months.  The investment banker position is one of the best career options after b.com. The average salary for this course is very high.  In this job, your role will be to provide your clients with your expertise in raising capital by selling equities and issuing debts in the company. Investment banking is one of the fastest-growing fields worldwide, and certification in investment banking can be an excellent addition to your resume.  Investment banking is one of the fastest-growing fields worldwide, and certification in investment banking can be an excellent addition to your resume.  The Certified in Investment Banking (CIB) is an intensive global certification exam specially designed to evaluate your knowledge, understanding, and skills in investment banking. The CIB program is usually six months long, and it tests your ability to create a systematic and strategic approach to determine the valuation for both listed and unlisted companies in the context of Mergers and Acquisitions, LBOs, IPOs, corporate actions and restructuring, financial statement analysis, and other crucial investment decisions. After completing the CIB course, you can build a career in investment banking, private equity, equity research, hedge funds, asset management, private wealth management, and corporate finance and strategy. Average Investment Banking Salary Source Investment Banking Salary Based on Cities City Salary New Delhi ₹20 Lakhs Lakhs Pune ₹20 Lakhs Lakhs Mumbai ₹15 Lakhs Lakhs Bangalore ₹9 Lakhs Lakhs Chennai ₹8 Lakhs Lakhs Hyderabad ₹10 Lakhs Lakhs Gurgaon ₹15 Lakhs Lakhs Noida ₹14 Lakhs Lakhs 13. Bachelor of Education (B.Ed) A very simple but beneficial course you can opt for after B.Com is B.Ed. The knowledge that you have acquired as a B.com can be used in your profession as a lecturer. After completing B.Com, perhaps one of the most straightforward career paths is the Bachelor of Education (B.Ed). B.Ed is a 2-year long postgraduate teaching program that is explicitly designed to allow students to build a career in academics which made B.Ed one of the best courses after BCom. If you secure around 50-55% in your graduation from a recognized university in India, you are eligible for this course.  Usually, the course structure of B.Ed. programs include coursework in pedagogy, educational psychology, educational policy and leadership, instructional technology, assessment, social justice, special education, curriculum development, and lesson planning. Although it seems like a simple choice, after obtaining a B.Ed degree, your average annual salary package can range anywhere between Rs. 2.5 – 4 LPA. Commerce graduates can build a successful career for themselves post-completion of their undergraduate. There are various opportunities available to pursue B.Ed.  The minimum eligibility to pursue B.Ed is graduation. The duration of the course is 2 years. There are numerous career paths one can choose post-completion of B.Ed. Some of those are mentioned below. Job Opportunities Primary School Teacher Secondary School Teacher Private Tutor Subject Matter Expert Counselor Content Writer Instructor There are numerous options to pursue a B.Ed education. Some of those are mentioned below- University of Delhi  Jamia Millia Islamia Loreto College University of Lucknow MSU Baroda IGNOU Delhi The salary after B.Ed ranges from 2 lakhs to 7 lakhs per annum. Average B.Ed Salary Source B.Ed Salary Based on Cities City Salary Bangalore ₹2.4 Lakhs New Delhi ₹2.1 Lakhs Mumbai ₹2 Lakhs Gurgaon ₹1.5 Lakhs Pune ₹3.2 Lakhs How do Industries affect B.Ed salaries? Industry Salary Education ₹2.4 Lakhs Internet ₹2.1 Lakhs Financial Services ₹2 Lakhs Edtech ₹3.2 Lakhs IT Services ₹2.4 Lakhs 14. Digital Marketing If you are looking for a creative job, digital marketing is your go-to course. You can learn what’s and how’s of the digital business world through this course. Digital marketing courses can last from 3 to 11 months. Many multinationals, as well as native companies hire for this job. Since digital marketing is one of the hottest fields right now, it would be wise to take up a digital marketing program after completing B.Com. Digital Marketing is one of the best courses after B.com. Since it is a trending industry with dynamic job roles, you can land exciting jobs with a hefty annual package. The essence of a digital Marketing course is to introduce you to the world of digital marketing, its core concepts, and techniques for building a digitally sound brand. Digital marketing courses focus on topics like SEO, SEM, SMM, email marketing, content marketing, PPC, web design, etc. The courses can last from 3 to 11 months. Digital marketing is one of the best courses not just for BCom students but for almost anyone. The essence of a digital Marketing course is to introduce you to the world of digital marketing, its core concepts, and techniques for building a digitally sound brand. Digital marketing courses focus on topics like SEO, SEM, SMM, email marketing, content marketing, PPC, web design, etc. The courses can last from 3 to 11 months. Digital marketing is one of the best courses not just for BCom students but for almost anyone. Considering that digital marketing is one of the hottest fields right now, it would be wise to take up a digital marketing program after completing B.Com. Digital Marketing is one of the best courses after b.com. The essence of a digital Marketing course is to introduce you to the world of digital marketing, its core concepts, and techniques for building a digitally sound brand. Digital marketing courses focus on topics like SEO, SEM, SMM, email marketing, content marketing, PPC, web design, and so on. Digital marketing courses can last from 3 to 11 months. Digital marketing is one of the best courses not just for BCom students but for almost anyone. As more and more companies are looking to establish their brand in digital domains, digital marketing is a highly promising career choice today. After completing a digital marketing course, you can choose from job roles like digital marketing executive, digital marketing manager, SEO executive, social media marketing expert, content writer, search engine marketer, and much more.  If you’re considering the digital marketing line, check out MICA’s Digital Marketing and Communication course which offers one-to-one with the industry’s best experts, MICA alumni status, and more. Average Digital Marketing Salary Source Digital Marketing Salary Based on Cities City Salary Bangalore ₹5.5 Lakhs New Delhi ₹4.2 Lakhs Mumbai ₹3.7 Lakhs Hyderabad ₹4.8 Lakhs Pune ₹4.6 Lakhs Chennai ₹4.1 Lakhs Noida ₹3.7 Lakhs Ahmedabad ₹3.9 Lakhs How does experience affect Digital Marketing salary? Experience Salary Fresher ₹2.7 Lakhs 1 Year ₹2.8 Lakhs 2 Year ₹3.5 Lakhs 3 Year ₹3.9 Lakhs 5 Year ₹6 Lakhs How do Industries affect Digital Marketing salaries? Industry Salary IT Services ₹6.8 Lakhs Internet ₹6.7 Lakhs Software Product ₹5.1 Lakhs Financial Services ₹6.7 Lakhs KPO ₹5.1 Lakhs 15. Government Exams The graduates can sit for various exams. The subject of commerce would inculcate basic numeral and analytical skills. This helps the learners in getting an edge over other candidates. Some of the exams are UPSC, SSC CGL, IBPS PO, etc.  The salaries after these exams are lucrative and provide job security. The young candidates passing these exams, eventually get promoted to higher positions, thus bringing respectability to the profession. 16. Insurance The insurance business is enormous in the market. The insurance business provides various life and non-life insurance products. The study of Insurance Management is seeing a spiked interest among BCom students. The students can get various good opportunities post-completion of the course, and working for an audit firm, bank, financial firm, and insurance companies are one of those. It is one of the sought-after BCom courses and is considered one of the best course after b.com. Average Insurance Manager Salary Insurance Manager Salary Based on Cities City Salary New Delhi ₹3.8 Lakh Mumbai ₹3.5 Lakh Bangalore ₹3.7 Lakh Pune ₹3.4 Lakh Chennai ₹3.6 Lakh Gurgaon ₹4.9 Lakh Hyderabad ₹4.4 Lakh Kolkata ₹3.4 Lakh Noida ₹3.5 Lakh How does experience affect Insurance Manager salary? Experience Salary 1 Year ₹2.8 Lakh 2 Year ₹3.1 Lakh 4 Year ₹3.7 Lakh 6 Year ₹4.0 Lakh 7 Year ₹4.2 Lakh 10 Year ₹5.0 Lakh 15+ Year ₹7.2 Lakh Source How do Industries affect Insurance Manager salaries? Industry Salary Financial Services ₹3.8 Lakh Automobile ₹3.4 Lakh Manufacturing ₹3.3 Lakh Insurance ₹3.8 Lakh Internet ₹4.3 Lakh Retail ₹5.3 Lakh Healthcare ₹6.8 Lakh Banking ₹4.9 Lakh Power ₹12.2 Lakh Food Processing ₹7.4 Lakh 17. Wealth Management A wealth manager is responsible for overseeing the financial services the organisations provide to their clients, which is helpful for their financial endeavours. The managers assist and guide their clients with various account and financial information and give recommendations to recommend them for their investing expenditures. The students confused about after BCom which course is best should be assured that after B.Com courses like Wealth Management are best. Average Wealth Manager Salary Wealth Manager Salary Based on Cities City Salary Bangalore ₹7.6 Lakhs New Delhi ₹7.4 Lakhs Mumbai ₹7.4 Lakhs Hyderabad ₹7.4 Lakhs Pune ₹7.6 Lakhs Kolkata ₹7.4 Lakhs Gurgaon ₹7.5 Lakhs Chennai ₹7.4 Lakhs How does experience affect Wealth Manager salary? Source Experience Salary 1 Year ₹6.2 Lakhs 2 Year ₹6.3 Lakhs 3 Year ₹6.3 Lakhs 5 Year ₹7 Lakhs 7 Year ₹7.6 Lakhs How do Industries affect Wealth Manager salaries? Industry Salary Financial ₹6.2 Lakhs Banking ₹6.3 Lakhs Internet ₹6.3 Lakhs IT Services ₹7 Lakhs Investment ₹7.6 Lakhs 18. Product Management  In addition to overseeing the entire product team, a product manager is supposed to conduct the final product inspection. A product manager ensures the product fulfils all specifications while staying within the allocated budget as it goes through several stages of development. This course lasts for eighty hours. A typical package contains INR 5-7 LPA. Check out Upgrad’s certification program for product management if you’re ready to begin your career as a product manager. Average Product Manager Salary Product Manager Salary Based on Cities City Salary Bangalore ₹23 Lakhs New Delhi ₹20.4 Lakhs Mumbai ₹19.8 Lakhs Hyderabad ₹22.3 Lakhs Pune ₹20.4 Lakhs Gurgaon ₹23.3 Lakhs Noida ₹23 Lakhs Ahmedabad ₹17.6 Lakhs How does experience affect Product Manager salary? Experience Salary 2 Year ₹15.1 Lakhs 4 Year ₹18.5 Lakhs 5 Year ₹19.4 Lakhs 7 Year ₹20.3 Lakhs 10 Year ₹23 Lakhs Source How do Industries affect Product Manager salaries? Industry Salary Internet ₹24.5 Lakhs Financial Services ₹17.8 Lakhs IT Services ₹24.4 Lakhs Software Product ₹26.2 Lakhs Manufacturing ₹19.5 Lakhs 19. Entrepreneurship For those not-so-interested in knowing pg courses after bcom yet searching courses in peer pressure, pursue entrepreneurship as your next career path. This might be starting your own business or working for a startup. There is much room for advancement following the Bcom option, which makes it fascinating. These are only a handful of the numerous career paths graduates with a BCom can take. Thus, don’t limit yourself; consider alternatives and choose the post-BCom career that best suits your needs! 20. Supply Chain Management What should I do after Bcom? SCM is the greatest job choice for those seeking one-year diploma programs following a b.com. Work about supplies, finished items, inventories, procurement, dispatching, etc., is included in this field. Upon finishing this course, you can work in the same capacity for different companies.  Job roles to pursue after Supply Chain Management: Operations Manager Purchasing manager Logistician Production, planning, and expediting clerk Purchasing agent Logistics analyst Supply chain manager Logistics manager Storage and distribution manager Average SCM Salary SCM Salary Based on Cities City Salary Bangalore ₹14.7 Lakhs New Delhi ₹12.9 Lakhs Mumbai ₹14.8 Lakhs Hyderabad ₹12.2 Lakhs Pune ₹11.9 Lakhs Kolkata ₹13.6 Lakhs Noida ₹9.2 Lakhs Chennai ₹11 Lakhs How does experience affect SCM salary? Experience Salary 3 Year ₹8.6 Lakhs 5 Year ₹9.9 Lakhs 7 Year ₹11.2 Lakhs 9 Year ₹12.4 Lakhs 11 Year ₹13.7 Lakhs Source How do Industries affect SCM salaries? Industry Salary Manufacturing ₹17.7 Lakhs Retail ₹14.9 Lakhs Internet ₹13.6 Lakhs Engineering ₹17.6 Lakhs Automobile ₹14.9 Lakhs Top job options after B.Com Some of the top job opportunities after B.Com are- Accountant Account Executive  Financial Risk Manager  Business Analyst  Digital Marketer Competitive exams for B.Com graduates RBI Grade B Officer SBI PO LIC AAO UPSC CSE/IAS SSC CGL  RRB NTPC IBPS Clerk  IBPS PO  Career Switch Courses To Pursue After Bcom Find your passion because information technology offers a wide range of career options. Remember to be precise when determining ‘after Bcom which course is best’ for the ideal IT career path. Artificial Intelligence  Artificial intelligence talents are highly sought after in the IT business. An artificial intelligence architect could use a state-of-the-art AI technological framework to address real-world problems. A career in AI needs the following abilities: Languages of programming (Python, R, Java, etc.) Statistics and probability distribution Algorithms and frameworks Neural networks and deep learning Augmented and Virtual Reality  The advancement of augmented and virtual reality has raised the bar for the digital world. Real-time environment interaction is possible with the best 3D virtual technology. The following skills are necessary for employment as an AR or VR engineer: Programming languages like JavaScript, C#, Swift, and Java. Have an understanding of 3D game engines and UI/UX designers. Big Data   Big data applications and technologies enable organisations to aggregate and analyse their massive industrial data sets. This contributes to the expansion and financial success of the companies by yielding positive outcomes.  But the IT sector has been lacking in Big Data experts, so now is the right moment to develop the necessary skills to work as a Big Data Engineer. These are the skills you need to work on developing:  Technologies like Hadoop, Spark, and NoSQL  Data Lake  Coding abilities (Python, R, SQL, Scala, etc.)  Big Data structures  In India, a Big Data Analyst typically earns ₹8,24,103 per year, whereas a Data Scientist earns ₹12,00000.  Cloud Computing   Job oriented courses for commerce graduates is cloud computing. It is an online service that provides a range of features, such as storage, networking, software, analytics, servers, and intelligence, to enable businesses to develop more quickly and profitably. Both the cloud’s promise and the job chances that follow a BCom are significant in the IT industry.  By mastering these skills, you can become an expert in cloud computing:  a basic understanding of computer languages such as Java, PHP, and.NET  familiarity with cloud architecture, and practical knowledge of cloud computing platforms such as Azure, AWS, etc.  For those with experience in cloud computing, the average yearly salary in India is ₹5,73,772.  Blockchain   If you’re wondering what should i do after bcom for a career switch, then Blockchain is a trendy thing to pursue. A blockchain developer should be able to create and execute a safe Blockchain-based system.  The following are the tools you’ll need to include on your resume to become a blockchain developer:  Languages such as Python, C++, and Java.  The cryptography and architecture of Blockchain.  A fundamental comprehension of web programming. A blockchain engineer in India must expect to make about ₹ 7.8 LPA.  DevOps DevOps is a highly sought-after professional courses after bcom since it necessitates being both a developer and an operator. Becoming a DevOps Engineer requires not just the technical skills stated below but also excellent communication skills and a strong sense of teamwork:  Programming languages for DevOps tools (such as Jenkins, Docker, Puppet, and Git).  A DevOps Engineer in India makes ₹7,75,000 per year as their beginning salary.  Use agile management to increase your team’s productivity. Feel the difference that agile training makes in your results. Future Scope of B.com A B.com degree helps students grasp the fundamentals of accounting, economics, taxation, business law, management, and insurance. Hence, B.com graduates have a wide career scope. However, it is crucial to remember that graduates from top universities and colleges have greater chances of landing a top-grade job for B.com graduates. Thus, it is recommended that you carefully choose your institute while enrolling in a B.Com program to open doors to opportunities like B.com graduate jobs. As a B.com graduate, you can either choose to work in the private or public sector or apply for high-end roles in the government sector by pursuing UPSC or bank studies.  So, it is crucial to scope out the career pathways and jobs for B.Com graduates so that you can plan your higher studies or job hunt accordingly. Being prepared will ensure that you aren’t blindsided by anything or miss out on lucrative opportunities. The market is seeing a tremendous shift, and almost over a thousand new jobs are created every five years. B.com also makes you eligible to pursue advanced career paths like Chartered Accountant (CA) and Company Secretary (CS). Make sure to invest your time in exploring all possible options and brainstorm on what’s suitable for you after the B.com degree. The current market trend shows a great career prospects and jobs for B.com graduates, provided they are willing to study further and stay updated with the trends in the market. Understandably, the pay varies for different streams, starting from 2 LPA and going up to 8 LPA based on your skill sets and experience. Conclusion The above is a list of some great career options after B.Com. We hope it will answer your question “What to do after B.Com?” and got clarity on career after bcom jobs and salary details. You can determine your interest based on the career choice that you would like to opt for after your graduation. For all young minds, wondering what to do after B.Com, you need to check the amount of time, the difficulty level, and the price of the course, before deciding which career after bcom you want to pursue. Any of the above best courses after B.Com are sure to land you a great job so that you can happily start your journey in the professional world.  If you are keen on upgrading your career with an Executive MBA course, upGrad is offering MBA From Golden Gate University. The program has been designed to stand at par with the best on-campus Executive MBA programs across the globe.

by Keerthi Shivakumar

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16 Apr 2024

Top Executive MBA Colleges in India 2024
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5037

Top Executive MBA Colleges in India 2024

Over the past few years, there’s been a noticeable shift in India where more working professionals are eagerly signing up for Executive MBA in India programs. This surge in interest comes from seasoned employees aiming to sharpen their management skills and push their careers to new heights in their chosen sectors. The beauty of an Executive MBA lies in its design – it’s specifically tailored to meet the individual needs of professionals, offering a learning experience that’s both adaptable and focused. This program stands out from traditional MBAs by fitting seamlessly into the hectic lives of full-time workers, allowing them to juggle their job duties alongside their pursuit of higher education. By choosing to pursue an Executive MBA in India, professionals are setting themselves up to expand their strategic outlook, hone their leadership abilities, and enhance their standing within their companies.   What is an Executive MBA?    Established in 1943 by the University of Chicago, Booth School of Business, the Executive MBA (EMBA) is a specialized program designed for working professionals. The primary objective of an executive MBA is to enhance the managerial and leadership skills of existing working professionals.   Generally, a 2-year degree course, the EMBA mandatorily needs working experience to be eligible. One of the main benefits of an executive MBA course is the exchange of ideas among different working professionals, thus increasing the students’ problem-solving skills.   Completing an executive MBA in India offers a wide range of benefits such as professional network building, career development, and mentorship to advance the careers of the students.   Advantages of Executive MBA in India   In this era of globalization, an executive MBA is very beneficial for working professionals to navigate through the intricacies of the business world.   Some of the benefits of doing an executive MBA from Indian colleges are:  Advancement of Career  One of the most basic yet important advantages of doing an executive degree is the immense career development opportunities it provides. If you are a working professional at a fairly high level, you will get to know various managerial ideas and skills for better handling of your role and responsibilities.    Increased Networking  Pursuing MBA from top executive colleges in India helps students to expand their professional network. Top B-schools in India attract professionals from all over the country, thus creating an atmosphere of knowledge from diverse backgrounds.   You as a working professional can connect with your peers, alumni, and faculty to forge new business relations and promotional aspects.   Flexibility  Another important aspect of an Executive MBA is its flexible class scheduling options. Most EMBA programmes in India are conducted on the weekends and evenings to help accommodate the work-life balance of the professionals. If you are looking for an executive course that will take less than a year, without neglecting your professional life and 41% salary hike, get your Advanced General Management Program from IMT Ghaziabad today.  Thus, you can continue developing your skills without taking any career breaks or leaves from your company. As an additional benefit, you can continue your studies without stopping the steady flow of salary.   Global Exposure  Almost all MBA colleges offering executive MBA in India and internationally accept students / professionals from all around the world. Some top-tier colleges even offer study tours and international collaborations to ensure that their students get an idea about international business practices and markets.   You, as a working professional, can gain insight into the international markets and ongoing trends while examining the interconnected global economy. This helps you in developing a global mindset which in turn will always benefit you personally and your company.   Practicality EMBAs in India are designed to be extremely practical, to the point, and relevant for working professionals only. Unlike the MBA degree dedicated for graduates, an executive MBA in India integrates real-world problems and solutions into its curriculum.  If you are continuing your job while pursuing the EMBA, you can implement various skills and knowledge you get in real time. This practical and real-world integration of knowledge makes executive MBA degree holders more adept in handling and solving complex issues in the modern business market.   Top 5 Executive MBA Colleges in India – Full-Time Residential Executive MBA Programs   If you are planning to start your MBA journey, you can choose a wide range of colleges based on their faculty, median salary, course fees, average package and more. Some of the premier B-schools for executive MBA are IIMs and ISB, whereas the cheapest executive MBA in India in terms of return on investment is offered by the University of Delhi at a total course fee of ₹1,02,000.  The top 5 B-schools for an executive MBA in India are: 1. Indian Institute of Management, Ahmedabad Course name: Post Graduate Programme in Management for Executives (MBA-PGPX)  Course Details: The course curriculum includes an International Immersion Programme (IIP) where students gain exposure to the international business scenario by visiting various international universities. The program is designed for executives and has a full-time residential program of 1 year.   Admission Criteria: To be eligible for the PGPX programme, you must hold a Bachelor’s Degree or an equivalent in any discipline, with a minimum of 15 years of study as per the education system in India (i.e. 10 + 2 + 3 or 4, as the case may be). Additionally, you must be at least 25 years of age, as of 31st March of the year, when the programme commences, with no upper age limit. A valid GMAT/GRE score is also required, with scores valid for five years from the date of the application deadline of the round in which you are applying. Finally, you should have a minimum of four years of full-time work experience after graduation.   Course Fees: SSH (Single Accommodation) costs INR 33 lakhs and MSH (Married Student Housing) costs 35 Lakhs. The International Immersion Programme (IIP) is available at an additional cost, excluding travel and stay expenses.  Placement: As of 2023, the highest package was 1.08 crore per annum with the average package being 35.68 LPA, median package of 33.05 LPA and lowest package of 18 LPA.   2. Indian Institute of Management, Calcutta  Course name: Post-Graduate Programme in Management for Executives MBAEx  Course Details: The IIM Calcutta Post-Graduate Programme in Management for Executives or MBAEx is a full-time, one-year program.  Admission Criteria: You need to have a bachelor’s degree (minimum 10+2+3 years of formal education) or equivalent in any discipline. Moreover, candidates must have accumulated at least five years of full-time managerial or professional experience after completing their qualifications by March of the relevant year. Additionally, a valid GMAT Score obtained within the last 36 months of the application date is necessary.  Course Fees: The fee for the academic year 2024-25 program is ₹31,00,000/- or equivalent USD, payable in four installments. This includes tuition fees, books, course material, accommodation, economy airfare, and some incidental expenses of the immersion program. Expenses related to electricity, food, and personal items are not covered and will need to be covered by you.   Placement: As of 2023, the highest package was 1.25 crore per annum with the average package being 26.98 LPA and a median package of 23 LPA.   3. Indian School of Management, Mumbai, Maharashtra  Course name: Post Graduate Programme in Management for Senior Executives PGPMAX  Course Details: The PGPMAX program offered by ISB is a 15-month executive MBA designed for experienced professionals and business owners/entrepreneurs with more than 15 years of work experience.   Admission Criteria: To apply for the programme, you need a bachelor’s degree or equivalent qualification. The Admission Committee will determine if your qualification is equivalent, which may include CA, ICWA, etc. You should have a minimum of 15+ years of full-time work experience post-bachelor’s degree as of the programme start date. You must submit a letter of consent from your current employer during the application process or once admission has been secured.  Course Fees: Around ₹41,78,000 excluding taxes. The course fee includes tuition fees, course material, and residential charges for most days.  Placement: The average salary for the 2023 batch was 34.21 LPA.  4. SP Jain School of Global Management  Course name: SP Jain Executive MBA (EMBA)  Course Details: An 18-month part-time online MBA program through Engaged Learning Online (ELO) technology.  Admission Criteria: To apply for this programme, you must have a Bachelor’s degree or equivalent qualification in any discipline. If you are a diploma holder with ten years of experience, you may also apply. You should also have a minimum of five years of work experience after graduation and a consistent academic record with at least 50% marks at graduation.  Course Fees: Total fees of ₹14,86,800 which can be paid in equal monthly installments of ₹76,044 or lump-sum during the time of admission.   Placement: As of 2022, the average placement was around 25.89 LPA  5. Symbiosis Institute of Business Management, Pune  Course name: SIBM MBA (Executive)  Course Details: SIBM Pune offers 2-year weekend programs (Sat & Sun) with specializations in Marketing, Finance, Operations & Supply Chain, and Analytics & Information Technology at its Lavale campus.  Admission Criteria: To be eligible for MBA (Executive) admission, you need to have a minimum of 50% marks in graduation from a recognized university/institution of national importance. For SC/ST candidates, the minimum percentage required is 45%. Distance education graduation must be approved or recognized by either the UGC or AICTE to be considered. Additionally, a minimum of one year of full-time work experience is required. Selection criteria include personal interviews.  Course Fees: Total course fee is around ₹6,93,000 payable in 4 equal installments of ₹1,73,250.  Placement: As of 2021, the average package of an executive MBA candidate was around 23.06 LPA, with the median and highest being 20.80 LPA and 45.50 respectively.   Top Executive MBA Colleges in India – Non-Residential Executive MBA Programs 1. IIT Bombay – Washington University Executive MBA  Course name: IIT Bombay – Washington University in St. Louis Joint Degree Executive MBA Program.   Course Details: Considered as one of the best executive MBAs in India, the ‘Modular General Management Program’ is designed for professionals who want to transition from domain expertise to a leadership role. The program spans 18 months and offers convenient class structures, with classes held for four consecutive days every month from Thursday to Sunday. The program includes a total of 17 Residency Teaching Modules in India and 3 in Washington, D.C. & St. Louis.  Admission Criteria: You must hold a Bachelor’s degree from a UGC-recognized university. You should also have 7+ years of work experience, including 5 years of managerial experience, and strong English language skills.  Course Fees: 42 Lakhs  Placement: The average package a student gets after getting placed from this college is 19.8 LPA.    2. Indian School of Business (ISB)  Course name: PGPMAX  Course Details: The Post Graduate Programme in Management for Senior Executives (PGPMAX) is a specialized course designed for busy Senior Managers who cannot pursue a full-time MBA programme because of their work schedules. The program spans 15 months, with classes convening for one week every five weeks. Participants must travel to the ISB campus in Hyderabad or Mohali, depending on the class schedule for that module (week). Once admitted to the programme, participants start the preparatory courses. The course consists of ten modules in India and two modules in international immersion.  Admission Criteria: You must be an experienced professional or a business owner with over 15 years of work experience  Course Fees: 41.78 Lakhs (plus taxes)  Placement: For the 2022 MBA graduates from ISB, the yearly compensation package averaged at approximately 34.07 lakh Indian Rupees.  3. XLRI – Xavier School of Management  Course name: Postgraduate Certificate in Business Management (PGCBM)  Course Details:  The programme is a hybrid consisting of five days of on-campus sessions at XLRI Jamshedpur over 12 months.   Admission Criteria: You must be a graduate (10+2+3) with over 2 years of working experience.   Course Fees: 4 Lakhs  Placements: At XLRI Jamshedpur, the annual compensation for graduates saw a notable rise in 2022, climbing to an average of 32.7 lakh per annum from the previous 30.7 lakh, marking a commendable increase in earnings for its alumni.  4. Narsee Monjee Institute of Management Studies (NMIMS)  Course name: Executive MBA  Course Details: This program is AICTE-approved and offered in ODL mode. It provides a broader view of business and equips you with innovative solutions to unstructured problems. You can choose from 5 specialization tracks, including Marketing, Leadership and Strategy, Operations & Supply Chain, Digital Marketing and Applied Finance. The program helps you develop cross-functional skills and understand the selected functional area in-depth. The Capstone Business Simulation Project in Term 6 enables you to apply concepts and techniques.  Admission Criteria: You must have a bachelor’s degree with a minimum of 55% and a minimum of 3 years of working experience or 2 years of experience if completed post-graduation.   Course Fees: 4.75 Lakhs  Placement: The average package a student gets after getting placed from this college is 18.91 LPA.  Nowadays, there are a few MBA Online Courses available that provide an executive degree to professionals.   Full-Time MBA vs Executive MBA   Although both full-time and executive MBAs are designed to increase the managerial acumen of students, some of the basic differences between them are:  Course Curriculum  Full-time MBAs focus on developing a wide range of business-related disciples among the students. Students get comprehensive knowledge of all business-related topics starting from finance to marketing and strategy. This enables students to choose from the diverse range of opportunities available to start their corporate career. An executive MBA in India focuses on a single topic and implements various skill development courses to increase the decision-making, and organizational strategy of the professional. The course curriculum for EMBAs in India address the different challenges faced by companies and try to increase the problem-solving skills with case studies and real-world examples.   Program Structure  A full time MBA degree is primarily aimed towards fresher graduates to increase their business knowledge and gain more career enhancing prospects. Normally, MBAs in India are a rigorous 2-year degree wherein a student gets an overall knowledge of how business functions in the open market. Executive MBAs are designed for working professionals and hence classes are held in hybrid mode or in the evening. This helps professionals develop the necessary skills without hampering their work commitments.   Career Implications  A full-time MBA degree trains students with the necessary skills and knowledge to gain entry to different sectors of business. On the other hand, executive MBA colleges in India help you gain valuable insights and skills that can fast-track your corporate career into new heights. The practical training and knowledge a working professional gets while doing their EMBA, empowers them to implement various strategic insights within their work and increase efficiency.   Future Trends in Executive MBA Programs   Some of the future trends that can be integrated into executive MBA courses are:  Customization and Flexibility  One of the key trends that will shape the future of EMBA programs is customization and flexibility. With modular formats, tailored concentrations, and elective courses, participants will be able to personalize their learning experience according to their career goals, industry trends, and areas of interest. This level of flexibility ensures that executives can acquire the skills and knowledge that are relevant to their professional aspirations.  One of the best-reviewed executive courses you can pursue online with the best ROI is MBA from O.P.Jindal Global University.  Integration of Technology  Another important trend is the integration of technology. As digital transformation continues to reshape industries and business operations, EMBA programs will increasingly incorporate technology into their curriculum. Virtual classrooms, online simulations, and interactive learning platforms will enhance accessibility, collaboration, and engagement among executives.   Embracing Sustainable Business Practices  Moreover, sustainability and corporate social responsibility (CSR) will become integral components of MBA programs in the future. As ethical leadership and sustainable business practices are gaining more attention, curricular modules on sustainability, environmental stewardship, and social impact will equip you with the tools to integrate sustainability into business strategies and decision-making processes. Experiential learning projects focused on addressing global challenges such as climate change, poverty alleviation, and social inequality will empower you to drive positive change in society.  Conclusion   If you are a mid-career professional who aspires to climb the ladder of success, pursuing an Executive MBA in India can offer you a plethora of benefits. These programs provide career advancement opportunities, enhanced leadership skills, expanded professional networks, and practical relevance. Additionally, if you are not interested in taking a career break, you can opt for an MBA (Global) from Deakin Business School.   Executive MBAs in India continue to evolve in response to changing business landscapes, technological advancements, and shifting demographics. As organizations seek leaders equipped with specialized skills to navigate complex challenges, EMBA programs must adapt to meet the evolving needs of executives.  

by Keerthi Shivakumar

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28 Feb 2024

What are Motivation Theories? Top 5 Motivation Theories Explained
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10274

What are Motivation Theories? Top 5 Motivation Theories Explained

Introduction to Motivation Theories Motivation is a phenomenon that drives our behaviour, thoughts, and emotions. But have you wondered how some people have abundant motivation while others struggle endlessly for an ounce of it? The answer lies in Theories of Motivation.  Motivation theories have practical applications in the workplace, helping employees and managers work towards business goals effectively. By understanding these theories, managers can appropriately support their team members. Furthermore, professionals and management students can also benefit from understanding these theories.  Research suggests that employees motivated in the workplace are 12% more productive than the rest.  So, let’s dive into the world of motivation and understand what is motivation theory. What are Motivation Theories? Theories of motivation are like maps that explore why we behave in a certain way and what drives us to pursue our goals. They show us that our needs, desires, and goals all play a role in motivating us. Think of theories of motivation as a toolbox that we can use to unlock our inner drive and achieve our goals. They give us insights into what motivates us, how we can increase our motivation, and how we can support others to reach their potential. Many theories of motivation in psychology have been developed over the years, each with its unique perspective on what drives human behaviour. These theories consider various factors, such as – Personal needs External rewards  Internal drive Whether you’re a student, a professional, an athlete, or a manager, understanding motivation theories can help you to achieve your goals and succeed in your endeavours. Importance of Motivation Theories Here are some key reasons why various theory of motivation are important: Understanding Human Behaviour Motivation theories help us understand why people behave in a certain way and what factors influence their behaviour. By understanding these theories, we can gain insights into our own motivations and behaviours and those of others. Improving Workplace Productivity  Motivated employees are more productive and engaged in their work. Motivation theories help managers to understand what motivates their team members and how to provide the right incentives to increase motivation and productivity. Enhancing Personal Growth By understanding motivation theories, individuals can gain insights into their own motivations and how to increase their drive to achieve personal goals. These theories can help individuals to set and achieve goals and to grow and develop as individuals. Improving Education Outcomes Motivation theories can be applied in educational settings to improve student engagement and academic achievement. Teachers can provide appropriate incentives and support to enhance learning outcomes by understanding what motivates students. Achieving Sports Performance Motivation theories are essential for athletes and coaches to understand what encourages athletes to perform their best. By applying these theories, coaches can provide the right incentives and support to enhance athlete motivation and performance. Check out our free courses and upskill yourself. Maslow’s Hierarchy of Needs Theory Maslow’s hierarchy of needs is a content-based motivational theory that categorises needs into five levels: Physiological needs: The basic needs for survival, such as food, water, shelter, and clothing. An employee’s salary may fulfil their physiological needs in a work setting. Safety needs: The need for security and protection. This may align well with an employee’s expectation of job security. Social needs: The need for belonging and connection with others. Employees may develop friendships at work, and management can fulfil this need by creating opportunities for bonding. Esteem needs: The need for recognition and respect from others. Recognising a professional’s achievements and providing positive feedback can help build their self-esteem. Self-actualisation needs: Personal growth and reaching one’s full potential. Employees may try to achieve long-term goals to reach this level, and self-actualised employees can encourage themselves to accomplish workplace goals effectively. By understanding these needs, managers can motivate employees by fulfilling them through satisfactory pay, job security, social activities, recognition, and growth opportunities. This can create an environment conducive to cooperation and collaboration, leading to better job performance and personal growth. Learn Management Courses from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career. Herzberg’s Two-Factor Theory Herzberg’s two-factor theory outlines two sets of factors that lead to either satisfaction or dissatisfaction: Hygiene factors These relate to the following –  Working Conditions  Professional Relationships Office Policies  Rules of Conduct Supervisors’ Attitudes  Improving hygiene factors can decrease dissatisfaction and improve motivation among employees. Motivating factors These include the following –  Professional Achievements Recognition Responsibility Career/personal growth.  Addressing motivating factors increases job satisfaction. To implement this theory, management can reform company policies, offer competitive wages, provide effective supervision and job security, and offer autonomy. Administrative professionals can take a proactive role in employee welfare initiatives, while companies can reduce dissatisfaction by offering professionals a sense of purpose, both professionally and personally. Our Top Management Programs & Articles Product Management Certification Program from Duke CE Leadership and Management in New-Age Business from Wharton Online Top 4 Functions of Management Process Explained Leadership and Management in New-Age Business from Wharton PG Program in Management from IMT 5 Key Skills Required for Successful Management Career & How To Achieve Those Skills? 8 Crucial Business Management Skills Every Manager Should Have Why Should You Consider Product Management as a Career Option? Top 7 Career Options in Management To Choose [For Freshers & Experienced] Expectancy Theory Vroom’s expectancy theory of motivation is a process-based theory where individuals consciously make choices from multiple alternatives. Three factors motivate individuals: Expectancy: A belief that harder work leads to greater success. Instrumentality: A belief that meeting performance expectations lead to reward. Valence: The importance placed on the expected outcome. According to this theory, achievable tasks may motivate employees to work harder, while unrealistic goals can lead to demotivation. Managers can assess employee understanding of their role in achieving organisational goals and provide training to help align performance with goals. Self-Determination Theory Self-Determination Theory is a motivational theory that focuses on the innate psychological needs that drive human behaviour. According to this theory, humans have three innate needs: Autonomy: The need to control their own life and decisions. Competence: The need to feel capable and effective in their actions and behaviours. Relatedness: The need to feel connected to and valued by others. Self-Determination Theory proposes that individuals are more likely to be motivated when they feel their actions are freely chosen.  Explore our Popular Management Courses Leadership and Management in New-Age Business Post Graduate Certificate in Product Management Executive Post-Graduate Programme in Human Resource Management Professional Certificate Programme in HR Management and Analytics Executive Post-Graduate Programme in Healthcare Management Executive Management Programme in Strategic Innovation Digital Marketing and Business Analytics Certificate Programme in Finance for Non Finance Executives Certificate Programme in Operations Management and Analytics Global Master Certificate in Integrated Supply Chain Management upGrad's Job Linked Advanced General Management Program from IMT Ghaziabad Global Professional Certificate in Effective Leadership & Management Advanced General Management Program Strategic Human Resources Leadership Cornell Certificate Program Digital Transformation Cornell Certificate Program Executive Leadership Cornell Certificate Program Management Essentials Management Courses Equity Theory Equity theory is a process-based motivation theory that focuses on how individuals perceive the fairness of their treatment compared to others. According to equity theory, employees will compare their inputs (e.g. effort, skills, knowledge) and outputs (e.g. salary, benefits, recognition) with their colleagues. To address equity issues in the workplace, managers can ensure that their employees are compensated fairly. This can help to promote a sense of fairness among employees and increase motivation and job satisfaction. Comparing and Contrasting Motivation Theories Let’s compare the abovementioned theories and understand their key differences –  Theory Main Idea  Motivational Factors  Limitations Maslow’s Hierarchy of Needs Theory Individuals have a hierarchy of needs that must be fulfilled. Basic needs Safety Social needs Esteem Self-actualisation The theory assumes that needs are fixed, that cannot be changed and that everyone follows the same hierarchy. Herzberg’s Two-Factor Theory Two sets of factors lead to either satisfaction or dissatisfaction in the workplace. Hygiene factors are related to working conditions, while motivating factors are related to personal and professional growth. Hygiene factors Motivating factors The theory does not account for individual differences in what motivates employees. Expectancy Theory of Motivation Motivation involves conscious choices from alternatives. Expectancy is the belief that hard work leads to success.  Expectancy, Instrumentality Valence. The theory assumes that individuals make rational choices and may not consider emotions or other decision-making factors. Self-Determination Theory Individuals have innate psychological needs for autonomy, competence, and relatedness, and cause these needs must be fulfilled for motivation. Autonomy Competence Relatedness The theory does not account for external factors, such as social or cultural pressures, that may affect motivation. Equity Theory Individuals compare their inputs and outcomes to those of others, and this comparison determines motivation. Perception of fairness and equity in comparison to others. The theory does not account for individual differences in what is perceived as fair or equitable. It may not account for the role of societal or cultural factors in shaping perceptions.   Other Similar Theories to Learn Here are a few other motivational theories you may find useful: Goal-Setting Theory This suggests that specific and challenging goals lead to higher employee performance and motivation. Reinforcement Theory This focuses on how consequences shape behaviour. It suggests that behaviour can be influenced through rewards and punishments. Self-Efficacy Theory This theory proposes that an individual’s belief in their ability to succeed in a task or situation influences their motivation and performance. Cognitive Evaluation Theory This proposes that extrinsic rewards can decrease intrinsic motivation if perceived as controlling rather than supportive. Achievement Motivation Theory This theory suggests that individuals have an innate desire to achieve, which can be influenced by the level of success and failure they have experienced. Conclusion Motivation theories are essential for understanding what drives human behaviour and how to create a motivated and engaged workforce. These theories offer valuable insights into the complex nature of motivation. By applying these aforementioned theories in practice, managers and leaders can create a more fulfilling and productive workplace.  The Management Essentials program from upGrad is a great option if you’re looking to enhance your management skills. With case-based learning and live sessions, students will experience positive career development, which will help them grow in all aspects of life.  So what are you waiting for? Enrol now!

by Keerthi Shivakumar

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23 Jan 2024

What is Scrum Project Management? Techniques, Tools, Pros & Cons, Applications
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1595

What is Scrum Project Management? Techniques, Tools, Pros & Cons, Applications

Traditional project management approaches often struggle to keep up with the pace of innovation and shifting market demands of the modern business landscape. This is where Scrum management plays an important role, offering organisations a structured yet flexible framework to navigate the complexities of modern project execution. In this blog, we delve into the fundamental concepts and principles of the Scrum methodology in project management, uncovering how it empowers teams to adapt, collaborate, and deliver value in a more responsive and efficient manner.  What is Scrum Project Management? Scrum Project Management is a widely adopted and highly effective Agile framework designed to facilitate the management, organisation, and successful execution of complex projects. The core philosophy of Scrum revolves around flexibility, collaboration, and continuous improvement, allowing teams to adapt and respond swiftly to changing requirements and market dynamics. What is Agile Project Management With Scrum? Agile Project Management with Scrum is a dynamic and iterative approach to managing projects that embraces the principles of agility, adaptability, and collaboration. It combines the Agile methodology’s core values and principles with the Scrum framework’s structured practices to deliver value to stakeholders in a flexible and efficient manner. Agile Project Management emphasizes customer satisfaction, teamwork, and the ability to respond to changing requirements. Scrum, one of the most popular Agile frameworks, provides a structured way to implement Agile principles. Check out Free Management Courses at upGrad.  Who is a Scrum Master Project Manager? A Scrum master and project manager have similar responsibilities. However, the Scrum master plays a role within the Scrum framework that focuses on facilitating and enabling the Scrum process. The key responsibilities and characteristics of a Scrum Master are: Facilitator: Guides Scrum events, promotes discussions, and encourages collaboration. Servant Leader: Puts the team’s needs first, removes obstacles, and provides support. Coach: Teaches Scrum principles, aids self-organisation, and fosters improvement. Obstacle Remover: Identifies and resolves issues to ensure smooth progress. Collaborator: Cultivates teamwork, open communication, and trust. Metrics Tracker: Monitors progress through visuals like burn-down charts. Improvement Advocate: Guides reflection and change for ongoing enhancement. What Are the Techniques That Scrum Masters Use? Here are some of the techniques commonly used by Scrum Masters: Facilitation: Scrum Masters facilitate Scrum events such as sprint project management, daily stand-ups, sprint reviews, and retrospectives.  Coaching and Mentoring: Scrum Masters coach and mentor team members, the Product Owner, and stakeholders on Scrum practices, Agile principles, and collaboration techniques.  Obstacle Removal: Scrum Masters identify and eliminate obstacles that hinder the team’s progress. They work closely with the team to address issues and ensure a smooth workflow. Metrics and Data Analysis: Scrum Masters help the team track and interpret relevant metrics, such as burn-down charts or velocity, to gain insights into their performance and identify areas for improvement. Continuous Improvement: Scrum Masters guide the team in conducting regular retrospectives to reflect on their processes and outcomes. They help identify areas for enhancement and support the implementation of changes. Innovation and Experimentation: Scrum Masters encourage experimentation and innovative approaches to problem-solving.  Training and Workshops: Scrum Masters organise training sessions and workshops to enhance team members’ understanding of Scrum concepts, Agile techniques, and relevant skills. Consider taking an MBA from O.P. Jindal Global University to learn more about Scrum, its principles and implementations What Is the Scrum Framework? The Scrum framework is a widely used Agile methodology for managing complex projects, primarily in software development but also applicable to various industries. It provides a structured approach to project management that emphasizes adaptability, collaboration, and iterative development. The key elements of the Scrum framework are: Roles: Product Owner: Represents the stakeholders and defines the product backlog, prioritising features and requirements. Scrum Master: Guides Scrum activities, clears hurdles and ensures team adherence to Scrum principles. Development Team: Multifunctional unit accountable for product design, development, testing, and incremental delivery. Artifacts: Product Backlog: The Product Owner prioritises a dynamic list of features, enhancements, and tasks. Sprint Backlog: The subset of items from the product backlog the team commits to completing during a sprint. Increment: The sum of all completed product backlog items at the end of a sprint. Events (or Ceremonies) Sprint: A time-boxed period (typically 2-4 weeks) during which the team works on selected backlog items. Sprint Planning: A meeting where the team defines the work during the upcoming sprint. Daily Stand-up: A brief daily meeting for team members to synchronise, share progress, and discuss any obstacles. Sprint Review: A session at the end of a sprint to demonstrate the completed work to stakeholders and gather feedback. Sprint Retrospective: A reflection meeting to assess the team’s performance and identify improvements. Principles and Values: Transparency: All aspects of the project are visible to the team and stakeholders. Inspection: Progress and outcomes are regularly reviewed and evaluated. Adaptation: The team makes adjustments based on feedback and changing conditions. Empirical Process Control: Decisions are made based on observed outcomes rather than predefined plans. Collaboration: Effective communication and teamwork are essential. Learn more about Agile project management with Scrum by enrolling on an MBA from upGrad School of Management and Technology, UK. Pros and Cons of Scrum Project Management Pros of Scrum Project Management: Flexibility and Adaptability: Scrum’s iterative approach allows teams to adapt to changing requirements and market conditions more effectively, ensuring that the project remains aligned with stakeholder needs. Customer-Centric: Scrum emphasises delivering value to customers early and frequently, leading to higher customer satisfaction and better alignment with user needs. Faster Delivery: Scrum’s short sprint cycles enable teams to deliver working increments of the product at the end of each sprint, allowing for quicker releases and feedback. Continuous Improvement: Regular retrospectives encourage teams to reflect on their processes and outcomes, driving continuous improvement and efficiency gains. Enhanced Team Collaboration: Cross-functional teams work collaboratively, promoting shared responsibility and leveraging diverse skills for better results. Explore our Popular Management Courses Leadership and Management in New-Age Business Post Graduate Certificate in Product Management Executive Post-Graduate Programme in Human Resource Management Professional Certificate Programme in HR Management and Analytics Executive Post-Graduate Programme in Healthcare Management Executive Management Programme in Strategic Innovation Digital Marketing and Business Analytics Certificate Programme in Finance for Non Finance Executives Certificate Programme in Operations Management and Analytics Global Master Certificate in Integrated Supply Chain Management upGrad's Job Linked Advanced General Management Program from IMT Ghaziabad Global Professional Certificate in Effective Leadership & Management Advanced General Management Program Strategic Human Resources Leadership Cornell Certificate Program Digital Transformation Cornell Certificate Program Executive Leadership Cornell Certificate Program Management Essentials Management Courses Cons of Scrum Project Management: Complexity: Scrum can be challenging to implement correctly, requiring a deep understanding of the framework’s principles and practices. Inaccurate Estimates: Estimating work accurately in terms of time and effort for each sprint can be challenging, leading to potential overruns or scope creep. Limited Predictability: The flexible nature of Scrum can make long-term project planning and predictability more difficult, especially in situations with highly uncertain requirements. Transition Challenges: Transitioning from traditional project management methods to Scrum may require significant cultural shifts and adjustment periods for both teams and stakeholders. Overemphasis on Short-Term Goals: Focusing on short sprint cycles might lead to overlooking long-term strategic goals or architectural considerations. The Application of Scrum Methodology in Project Management Scrum methodology is versatile and applicable across diverse project management domains. They include:- Software Development: Delivering functional software in short cycles. Marketing Campaigns: Adapting strategies based on real-time feedback. Research and Development: Testing hypotheses and refining solutions iteratively. Event Planning: Organising events with efficient logistics and coordination. Construction Projects: Adapting to design changes and unforeseen challenges. Education and Training: Developing curriculum, e-learning, and training materials. Healthcare Projects: Developing medical devices and healthcare solutions. Consulting Services: Enhancing client projects through collaboration and transparency. The Best Scrum Tools To Use Numerous Scrum tools are available to support teams in implementing the Scrum framework effectively. Here are some popular ones that are commonly used:- Jira Software: A widely used tool by Atlassian, Jira offers comprehensive Scrum functionality, including backlog management, sprint planning, tracking, and reporting. Azure DevOps: Microsoft’s toolset provides features for backlog management, sprint planning, version control, continuous integration, and reporting. Scrumwise: A tool specifically designed for Scrum, it provides backlog management, sprint planning, and real-time tracking. GitScrum: Tailored for Agile and Scrum, GitScrum offers sprint planning, task boards, burndown charts, and integrations with version control systems. ScrumDo: Focused on Agile methodologies, ScrumDo offers backlog management, sprint planning, and progress tracking. Top Management Skills to Learn SL. No Top Management Skills to Learn 1 Consumer Behaviour Online Courses Financial Analysis Courses FinTech Courses Online 2 HR Analytics Courses Online Communication Courses Online Effective Communication Courses 3 Research Methodology Courses Mastering Sales Courses Business Communication Courses 4 Fundamentals of Journalism Courses Economics Masterclass Online Courses Three Pillars of Scrum 1. Transparency Transparency is the foundation of Scrum. It ensures that all aspects of a project are visible and understandable to everyone involved. This includes clarifying the project’s progress, processes, and challenges to the team, stakeholders, and customers. Transparent communication promotes trust, collaboration, and informed decision-making.  2. Inspection Regular inspection is essential for maintaining control and achieving success in a Scrum project. It involves consistently evaluating the work being done, the processes being followed, and the product being developed. An inspection helps identify deviations from the plan, assess the quality of the work, and detect potential risks early, allowing for timely adjustments and improvements. 3. Adaptation Adaptation goes hand in hand with inspection. Once the team has inspected the project’s progress and identified areas for improvement, they must take action to adapt their approach. Adaptation ensures that the team remains responsive to changing circumstances, embraces lessons learned, and continuously enhances performance to achieve better outcomes. The Scrum Process in 6 Steps The Scrum process comprises six key steps for iterative and incremental development: Product Backlog Creation: The Product Owner and stakeholders prioritise features, forming a dynamic project roadmap. Sprint Planning: Teams select tasks from the backlog for the upcoming sprint during a collaborative session. Sprint Execution: The development team completes chosen tasks, holding daily stand-ups for updates and issue resolution. Sprint Review: Stakeholders and the Product Owner assess the sprint’s completed work, offering feedback to refine the backlog. Sprint Retrospective: The team reflects on the sprint’s successes and challenges, devising strategies for future improvements. Backlog Refinement: The Product Owner continuously enhances the backlog, collaborating with the development team for clarity. Explore the array of  Management Courses offered by upGrad. What Role Does Scrum Play in Change Management? Scrum is pivotal in change management by providing a structured framework that embraces flexibility, collaboration, and iterative progress. It also provides:- Agility: Scrum’s adaptable approach supports swift adjustment to changing circumstances, aiding smoother transitions. Transparency: Clear processes enhance communication, helping manage resistance and address concerns effectively. Incremental Implementation: Iterative cycles allow gradual changes, gathering feedback and fine-tuning strategies. Stakeholder Engagement: Scrum’s collaboration promotes stakeholder involvement, aligning teams and minimising disruption. Continuous Improvement: Scrum’s iterative nature fosters a culture of ongoing enhancement, ensuring successful change adoption. Conclusion Scrum project management is a beacon of innovation and efficiency in project delivery. Agile principles, iterative cycles, and collaborative frameworks empower teams to navigate complexity, embrace change, and deliver value in a rapidly evolving landscape. By breaking down projects into manageable sprints and promoting transparency, Scrum fosters a culture of adaptability and continuous improvement. Take your project management skills to the next level with a comprehensive understanding of modern management practices through an MBA (Global) Deakin Business School. With this comprehensive and professional course, you can equip yourself with in-depth knowledge of using tools and Agile methodologies like Scrum to lead in today’s dynamic business environment. FAQs

by Keerthi Shivakumar

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27 Sep 2023

How To Remove Excel Duplicate: Deleting Duplicates in Excel
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1466

How To Remove Excel Duplicate: Deleting Duplicates in Excel

Ever wondered how to tackle the pesky issue of duplicate data in Microsoft Excel? Well, you’re not alone! Excel has become a powerhouse tool, especially in Business Analysis, empowering users to handle vast amounts of information effortlessly. However, as the datasets grow, so does the likelihood of encountering duplicate entries. This can lead to redundancy, confusion, and inaccurate analyses. You need to know more Excel shortcuts to work efficiently and with ease In this article, we’ll walk you through the step-by-step process of identifying and deleting duplicates in Excel, streamlining your data, and saving you precious time and effort. So, let’s get started on our journey to a cleaner and more efficient Excel experience! Find Duplicates in Excel Duplicate data can be both useful and burdensome, but it often hinders data understanding. Before removal, reviewing and finding duplicates in Excel is better than deleting it immediately. To identify duplicates in Excel, use conditional formatting as follows: Select the data you want to check for duplicates. From the Home tab, go to Conditional Formatting > Highlight Cell Rules > Duplicate Values. In the Conditional Formatting window, choose a colour scheme to highlight duplicates (opt for high contrast colours like Light red fill for better readability). Click “Done” to apply the formatting. Review the highlighted duplicate data and decide whether to remove any redundant information. This process ensures a more informed decision regarding data cleanup. How to Remove Duplicate Values? Here’s a step-by-step guide on how to remove Excel duplicates: Step 1: Open your Excel file and select the cell or cell comprising the dataset from which you wish to eliminate the duplicate details. Step 2: Navigate to the DATA tab at the top of the Excel window. Step 3: Look for the “Remove Duplicates” option in the Data Tools section and click on it. Step 4: A dialogue box will open, showcasing your dataset’s detailed list of columns. Here, you can choose the columns in Excel where you wish to identify and remove duplicates. If your data has headers (column names), check the “My data has headers” option. Step 5: After selecting the appropriate columns, click on the “OK” button to proceed. Step 6: Excel will now analyse your data depending on the specifically selected columns and eliminate the duplicate rows. Once the process is complete, a dialogue box will pop up, summarising the number of duplicate values found and removed and the count of unique values. Step 7: Congratulations! Your duplicate records have now been successfully removed, leaving you with a cleaner and more streamlined dataset. Let’s now explore another method for deleting duplicates in Excel by utilizing the Advanced Filter option.  Understand Filtering for Unique Values or Removing Duplicate Values in Excel Before proceeding to remove duplicates, it is highly recommended to double-check your data. You can use filtering or conditional formatting to identify unique values and ensure you get the expected results before making any changes to your dataset. This cautious approach will help maintain data accuracy and prevent unintended data loss. How to Filter Specific Unique Values in Excel Here’s a detailed guide on how to filter unique values in Excel: Step 1: Select the column or columns comprising the data you aim to filter for unique values in your Excel sheet. Step 2: Visit the “Data” tab in the Excel ribbon, and select the “Filter” button present within the “Sort & Filter” section. This will update filter arrows to the column headers. Step 3: Click on the filter arrow in the column header to open the filter options for that column. Step 4: Take your cursor to the “Number Filters,” “Date Filters,” or “Text Filters” options depending on the type of data you are working with. Step 5: Select “Does Not Equal” in the pop-out menu. If you don’t find this option, choose “Custom Filter”, located at the bottom part of the menu. Step 6: A new dialogue box will appear. Ensure that the initial drop-down shows the message “does not equal,” then fill in the specific value you want to filter out in the box on the right. Step 7: Click “OK” to apply the filter. Step 8: Your Excel sheet will now display only the data containing the unique values based on your filter criteria. This means you’ll see data that does not match your specified value. Step 9: When you’re done using the filter, click the “Filter” button again in the Excel ribbon to turn it off. The sheet will return to its normal view, showing all the data without filtering. Using the Advanced Filter Option The Advanced Filter option in Excel is a powerful tool that allows you to filter duplicate values and extract unique values to a different location. Here’s a step-by-step guide on how to use the Advanced Filter: Begin by selecting a cell or range within the dataset from which you want to remove duplicates. If you select a single cell, Excel will automatically determine the range when you access the Advanced Filter. Locate the Advanced Filter option in the DATA tab under the Sort & Filter section. Click on “Advanced” to open the dialogue box containing various options for advanced filtering. In the dialogue box, choose the “Copy to another location” option. This selection will enable you to copy the unique values to a different location. Verify that the “List Range” field contains the correct range for your records. In the “Copy to:” field, specify the range where you want the resultant unique values to be copied. Crucially, inspect the box with the label “Unique records only.” This step ensures that only the unique values will be copied to the new location. Click “OK” to apply the Advanced Filter. After executing the filter, you will find the unique values copied to the specified location, such as cell G1. These built-in functionalities in Excel effectively remove duplicates and work with unique data. Now, let’s move on to explore how to use formulas to remove excel duplicates.  Learn data science courses online from the World’s top Universities. Earn Executive PG Programs, Advanced Certificate Programs, or Masters Programs to fast-track your career. How to Use Formulas to Delete Duplicates in Excel? Removing duplicates in Excel can be easily accomplished using built-in options in the Excel ribbon.  Simply go to the “Data” tab and select “Remove Duplicates” in the “Data Tools” group. This method works well for a one-time operation. However, if you want a dynamic solution that automatically updates when you insert or delete values in the table, consider using the =UNIQUE() function. This formula takes a range of values and returns only the unique values, eliminating the need to redo the operation every time. Another approach involves identifying duplicate values using the IF() and COUNTIF() functions. You can create a formula like =IF(COUNTIF($A$2:$A$7, A2) > 1, “Duplicate”, “Unique”) to mark duplicates as “Duplicate” and unique values as “Unique”.  After finding the duplicate values, you can use the Home tab’s Filter option to segregate, delete, or save them separately. Check out our free datascience courses to get an edge over the competition. Conditionally Format Unique or Duplicate Values To highlight duplicate cells in Excel, follow these steps: Select the data you wish to check for duplicates: a single column, a row, or a range of cells. Visit the “Home” section, and in the “Styles” group, select the “Conditional Formatting” option. After that, select “Highlight Cells Rules” and click on “Duplicate Values.” The “Duplicate Values” dialogue box will open, with the default format of Light Red Fill and Dark Red Text already selected. Click “OK” to apply this default format. Alternatively, choose other predefined formats from the dropdown list or click “Custom Format” to select your desired fill and font colours. If you want to highlight unique values instead, choose “Unique” from the left-hand box in the “Duplicate Values” dialogue box. The built-in rule can highlight duplicates in one column or across multiple columns. Note that when using the built-in rule for multiple columns, Excel highlights all duplicate instances in the range without comparing values in those columns. To highlight duplicate rows or find matches and differences between two columns, you must create custom conditional formatting rules based on specific criteria. Remember that the built-in rule highlights all duplicate occurrences, including their first instances. You can create a conditional formatting rule based on a formula if you want to highlight duplicates except for the first occurrences. Read our popular Data Science Articles Data Science Career Path: A Comprehensive Career Guide Data Science Career Growth: The Future of Work is here Why is Data Science Important? 8 Ways Data Science Brings Value to the Business Relevance of Data Science for Managers The Ultimate Data Science Cheat Sheet Every Data Scientists Should Have Top 6 Reasons Why You Should Become a Data Scientist A Day in the Life of Data Scientist: What do they do? Myth Busted: Data Science doesn’t need Coding Business Intelligence vs Data Science: What are the differences? How to Use the Power Query Tool to Remove Duplicates in Excel? Power Query is an advanced Excel tool for Extract, Transform, and Load (ETL) operations. With Power Query, you can import data from various sources and apply transformations, including data cleansing and reshaping. Here’s a step-by-step guide on removing duplicates using Power Query: Step 1: Create a table by selecting the rows you want to work with, then go to the “Insert” tab and choose “Table.” Alternatively, you can press “CTRL+T” to create a table and make sure to check the option “My table has headers.” Step 2: Now, navigate to the “Data” tab and click on “Get & Transform Data,” then select “From Table/Range.” Step 3: The Power Query Editor will open, allowing you to perform the necessary data transformations. Step 4: In the Power Query Editor, go to the “Home” tab and click on “Remove Rows,” then choose “Remove Duplicates.” Step 5: After removing duplicates, you’ll see a “Query Settings” message stating ‘Removed Duplicates.’ Step 6: Once you’ve confirmed the duplicates are removed, click “Home” again and select “Close & Load.” Step 7: Power Query will load the cleaned data into a new sheet, with the duplicates successfully removed. Following these steps, you can efficiently clean your data and remove duplicate records using Power Query in Excel. This helps ensure data accuracy and enhances your data analysis and reporting capabilities. Top Data Science Skills to Learn Top Data Science Skills to Learn 1 Data Analysis Course Inferential Statistics Courses 2 Hypothesis Testing Programs Logistic Regression Courses 3 Linear Regression Courses Linear Algebra for Analysis Conclusion Microsoft Excel is an indispensable tool that offers a multitude of functionalities, making it highly useful for various sectors. Its ability to handle complex data, perform calculations, and visualise information efficiently benefits businesses, students, and professionals alike.  To unlock the full potential of data management and analysis, upGrad presents you with the opportunity to pursue a Master of Science in Data Science from Liverpool John Moores University. This comprehensive program equips students with advanced skills and knowledge to excel in the dynamic field of data science opening doors to exciting career opportunities.   FAQs

by Keerthi Shivakumar

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26 Sep 2023

Career Development in HRM: Meaning, Stages, Process, Skills
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10557

Career Development in HRM: Meaning, Stages, Process, Skills

In the vast world of business, the role of Human Resource Management or HRM goes beyond just hiring, training, and managing employees. One of the most pivotal aspects of HRM is career development– a continuous journey that shapes an individual’s professional path and growth within an organisation.  Career management in HRM is not just about climbing the corporate ladder. It’s about equipping employees with the skills, knowledge, and experience they require to thrive in their current and future roles.  Whether you’re an HR professional, a manager, or an employee on your way to becoming an industry leader, this article will provide you with valuable information into the world of career development in HRM.  What is Career Development in HRM? Every individual understands the need for career development when it comes to implementing career goals. It refers to the systematic process of planning, managing, and fostering the growth of an individual’s career within an organisation. In terms of HRM, it comprises more than just personal growth but a range of activities, strategies, and practices designed to align an individual’s skills, aspirations, and growth potential with the strategic goals and needs of the organisation.  Importance and Objective of Career Planning and Development in HRM Career planning and development in HRM is of utmost importance, here’s why –  Growth – Modern organisations understand the trend of frequent job changes. The HRM team can help the organisations cultivate a growth-centric environment, which will help the employees envision a long-term journey within the company. Relevance – As the business landscape shifts, employers and employees need to become adaptable. Employees should constantly enhance their skills to remain relevant, and employers should maintain a workforce ready for future evolving challenges. New Opportunities – New hires need to be informed about the growth paths available within the organisation. This will help them have a clear road map to their career aspirations and future in the company.  Strategic Edge – An organisation that prioritises and understands the nuances of career development often enjoys a competitive advantage in the market. Employers need to invest in development strategies and employee growth to expect heightened productivity and, consequently, better financial outcomes. Employee Assessment – Career development is not just about training but also honing skills for current and future roles. Thus, every employee should undergo an assessment to help them understand where they stand and what they need to do for growth.  Role of HRM in Career Development Wondering how HRM works its magic to ensure career development for employees? Let’s explore how! Career Pathing: HRM plays a pivotal role in defining clear career paths for employees, ensuring they understand the progression opportunities within the organisation. Training & Development: HRM is responsible for identifying skill gaps and organising training sessions to enhance employees’ skills, ensuring they are prepared for future roles. Performance Appraisals: Through regular evaluations, HRM identifies high-performing employees and provides them with opportunities for growth and advancement. Succession Planning: HRM identifies potential leaders within the organisation and prepares them for future leadership roles, ensuring smooth transitions. Employee Engagement: HRM ensures employees are engaged and motivated by addressing their career concerns and aspirations, leading to higher job satisfaction and retention. Feedback Mechanism: HRM establishes a two-way communication channel where employees can voice their career aspirations and receive feedback on their performance and potential. Alignment with Organisational Goals: HRM ensures that individual career development plans align with the organisation’s broader objectives, ensuring mutual growth. Check out our free courses to get an edge over the competition. Career Development Methods HRM professionals employ sophisticated methods to assist employees in their career development methods. Let’s see some of these methods.  Engaging with Experts: Collaborative discussions between subordinates and superiors help outline the most suitable career development activities. In academic settings, specialised career guidance is often provided by professors or dedicated counsellors, ensuring students are well-prepared for their future endeavours. Participating in Workshops: Organisations frequently host multi-day workshops, enabling employees to align their career goals with the company’s objectives. Some workshops even extend beyond the organization, offering community-level insights and opportunities. Utilising Organisational Resources: Many companies craft specific materials tailored to their needs, aiding in employee development. Job descriptions, for instance, offer insights into role requirements, helping employees gauge if their skills align with internal job opportunities. Explore our Popular MBA Courses Master of Business Administration from Golden Gate University Master of Business Administration (MBA) Liverpool Business School MBA from Deakin Business School MBA in Digital Marketing from Dekin University Executive MBA from SSBM View all MBA Courses Stages of Career Development in HRM HRM navigates through an array of detailed stages, paving the way for consistent development. Here’s what these steps look like: Self-Assessment: Purpose: Helps employees understand their strengths, weaknesses, interests, and values. Methods: Use of psychometric tests, interest inventories, and self-reflection exercises. Personal development can help freshers create a positive work environment in the workplace. Consider upGrad’s Executive Post-Graduate Programme in Human Resource Management. It covers areas like HR analytics, people management, reward management, performance, and much more. Career Exploration: Purpose: Provide employees with information about various career paths and opportunities. Methods: Career workshops, job shadowing, informational interviews, and industry research. Goal Setting and Career Planning: Purpose: Employees set career goals based on their self-assessment and exploration and then create a roadmap for achieving those goals. Methods: SMART goal setting, individual development plans, and development of a career action plan. Skill Development: Purpose: Equips employees with the necessary skills and competencies for their desired career path. Methods: Training programs, workshops, e-learning courses, and mentorship programs. Performance Evaluation and Feedback: Purpose: Assesses the employee’s progress toward their career goals and provides feedback for improvement. Methods: Regular performance reviews, 360-degree feedback, and self-assessment tools. Top MBA Skills MBA in Finance MBA in HR MBA in Marketing https://www.upgrad.com/mba-course/mba-in-international-business/ MBA in Operations Management MBA in Business Analytics MBA in IT MBA in Healthcare Management MBA in General Management MBA in Agriculture MBA in Supply Chain Management MBA in Entrepreneurship Challenges in the Career Development There are multiple challenges in career development –  Lack of Clear Direction: Many individuals are uncertain about their true passions and career aspirations, leading to confusion about their career path. Rapid Technological Changes: The swift evolution of technology can make certain skills obsolete quickly, necessitating continuous upskilling and adaptation to remain relevant in one’s field. Limited Growth Opportunities: In certain organizations or sectors, there might be a scarcity of opportunities for advancement, causing career stagnation. Mismatch of Skills and Job Requirements: There can be a gap between an individual’s skills and what employers demand, leading to difficulties in securing desired roles. Balancing Work-Life Priorities: As professionals advance in their careers, they often grapple with managing increasing responsibilities at work while maintaining a healthy personal life, potentially leading to burnout. Looking for an opportunity to become a business analytics expert? Dive into the Executive Post Graduate Programme in Business Analytics by upGrad. This course offers an immersive experience of data-driven decision-making that will make students industry leaders.  Career Anchors in HRM Career anchors in HRM are a concept developed by Edgar Schein, a professor at the MIT Sloan School of Management. They represent an individual’s self-perceived talents, motives, and values related to their work. Career anchors are deeply embedded aspects of our professional identities that guide our career decisions and influence our satisfaction with different job roles. Technical/Functional Competence: Individuals with this anchor derive satisfaction from being excellent in a specific technical or functional area. General Managerial Competence: These individuals aspire to manage and are motivated by the challenges of coordinating people and resources. Autonomy/Independence: Individuals with this anchor value freedom and independence in their jobs. Security/Stability: These individuals prioritise job security and long-term stability. Entrepreneurial Creativity: Individuals with this anchor are driven by the desire to create something new or run their own business. Service/Dedication to a Cause: These individuals are motivated to make a difference in the world. Pure Challenge: Individuals with this anchor are driven by overcoming seemingly insurmountable challenges. Lifestyle: These individuals prioritise work-life balance and seek roles that allow them to integrate their personal and professional lives.  Read Our Popular Articles Related to MBA Financial Analyst Salary – Freshers and Experienced Top Interview Questions and Answers for HR MBA Marketing Career Options in US Best Career Options In USA After MBA In Human Resource Top 7 Career Options in Sales Highest Paying Finance Jobs in the US: Average to Highest Top 7 Career Options in Finance in the USA : Must Read Top 5 Marketing Trends MBA Salary in USA [All Specializations] .wpdt-tc-F44336 { color: #F44336 !important;} Conclusion Career development in HRM is a dynamic and integral aspect of an organization’s growth and success. It encompasses an individual’s journey from the initial stages of understanding their professional aspirations to mastering the skills required for their desired roles. The structured career development process ensures that employees are aligned with the organization’s goals and empowered to achieve their personal career milestones.  As the world of work continues to evolve, the importance of acquiring new skills and competencies cannot be overstated.  For those looking to further enhance their career trajectory, especially in product management, upGrad’s Post Graduate Certificate in Product Management course offers a comprehensive curriculum tailored to meet the demands of today’s competitive marketplace.  FAQs

by Keerthi Shivakumar

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24 Sep 2023

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