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Rahul Karthikeyan

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He is working as Associate Director of Digital Marketing at upGrad. Apart from marketing he is a crazy and courageous traveler. He has traveled from Kashmir to Kanyakumari through his bike(bullet).

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Top 10 Highest Paying HR Jobs in India [A Complete Report]
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Introduction Human Resources (HR) is a core business area and profession which has risen in stature and demand over the years. Most of the highest paying HR jobs in India are also the most rewarding in job satisfaction and professional growth.  In recent years, the practice of strategic human resource management has gained prominence across industries. It is all about effective planning for organizational HR needs, managing the workforce, and supporting employee development in a way that improves business performance. Also, Check out our free courses What is HR?  If you want to build an HR career path in India, first you need to understand what is HR and what does it do. If you are targeting some of the good companies for HR jobs, you need proper knowledge and understanding of human resources.  The human resource department of an organization performs HR functions such as finding, recruiting, training, and assisting employees. People working in HR, have different designations. Some HR professionals are also responsible for administering compensation benefits.  Human resources determine the success and failure of any enterprise, driving its vision and profitability. Therefore, the management of this business function is critical to creating a sustained competitive advantage in the industry. Moreover, the corporate culture expressed in the mission and value statements can be reinforced through the training, communications, learning and development, and performance management processes. Also, check Advanced Certification in HRM from LIBA Organizations are supposed to be harmonious and integrated spaces where goal-sharing and team-orientation hold fundamental significance. This standpoint makes the task of human resources personnel all the more relevant.  Our Learners also read: Best HR certification courses online! Now, before we talk about the potential career options and highest salary HR jobs in India can get you, let us first list the primary HR activities: Human resource planning Job design and analysis Recruitment and selection Compensation and employee welfare Performance management Training and development Maintenance of managerial and labor relations With this in the backdrop, let us look at some possible career paths you can take after earning a degree in this domain. Based on your profile and aspirations, you can shortlist and come down in favor of the roles that generate your interest. Check out Management Essentials Bootcamp from upGrad So, let us describe the different job prospects one by one. We have also mentioned the median annual compensation associated with these positions in India, estimated by the salary search platform PayScale.  Check out the scope and career options in HR in the USA. Highest paying HR Jobs in India 1. HR Manager Human Resource Managers are generalists who act as links between the directors and the executive level of corporate management. They spearhead teams of recruiters and other specialists to tackle particular HR-related problems and deliver successful projects. They also ensure that all procedures are in line with business laws and company policies. Additionally, HR managers look after staffing, compensation and benefits, training, and labor relations. Since they have to juggle multiple HR components, having effective communication and time management skills is vital to do this job. Moreover, you would need to develop your analytical skills and a team-oriented mindset to facilitate productive workplace solutions. Although a business administration background is not essential for an entry-level job, specialized credentials can improve your chances of getting an interview call. Organizations that offer lucrative managerial remuneration prefer individuals who exhibit the required knowledge and competencies and have three to five years of industry exposure.  In India, HR managers can earn an average salary of Rs 7,09,361 per annum, depending upon the company and the city.  They look after the tasks performed by the HR team. Their key tasks include interviewing, recruiting new staff, and providing consultation on planning with top executives. Fulfilling the following roles and responsibilities helps you to explore HR scope in India. Supervising the coordination and administration of the HR team. Assessing human resources programs and plans. Create and supervise the HR plans and procedures. Plan, consolidate, and regulate the activities of the HR department. Assist in the development of HR department objectives and systems. Also visit upGrad’s Degree Counselling page for all undergraduate and postgraduate programs. 2. Training and Development Manager These HR professionals work involves supporting the employees through education, training, and career planning interventions. These activities range from organizing orientation sessions for new employees to facilitating in-person workshops for existing staff to conducting personal and professional development courses.  Training and development managers are adept at composing training collaterals, such as booklets and manuals. They hold meetings to gauge employee interests and motivations and interact with external trainers, experts, and agencies. Therefore, they need excellent people skills to do their job effectively. Besides, they must be abreast of regulatory procedures and compliance requirements and communicate the same to employees.  According to PayScale, mid-career training and development managers in India are paid total compensation of Rs 7,76,418 per year.  Usually, corporate trainers are self-employed and partner with businesses on a contractual basis. They instruct a company’s team of employees. They track all the training materials, employee hiring, and training. Furthermore, they impart necessary skills to employees and familiarise them with the trends in a relevant area. The answer to how much HR earn in India depends on their skills and experience. Roles and responsibilities of Training and Development Manager: Join forces with other administrators, executives, and coaches Administer and compile data. Share training requirements and accessible online tools before designing training materials, plans, and programs. Test and review the prepared review materials. Track all the training materials, and perform employee hiring and training. Read: Best Online MBA Courses in India 3. Compensation and Benefits Manager This HR managerial position involves the preparation of compensation and benefits programs for organizations. Their work includes selecting and implementing plans by synchronizing their company’s budgetary constraints with the employees’ demands. The end goal is to pick the remuneration policy that allows for attracting and retaining talent.  As a compensation and benefits manager, you would be required to have a grasp of pay and perks, allowances, pension, insurance, corporate policy, and employment and compensation laws. Modern and globalized workplaces also necessitate that managers understand the fundamentals of strategic management. While developing compensation and benefits plans, you would be faced with assessing factors like the region’s general economic conditions, acceptable standard of living, political and social environment, and competitors’ paying capacity.  In India, the average annual salary of compensation and benefits managers is estimated at Rs 12,99,064. These managers are needed in every company. They get offers from some of the best companies for HR jobs.  There will always be demand for compensation and benefits manager. Business growth is guaranteed when employees work efficiently. Organizations need to look after their employees. Hence, they hire a compensation and benefits manager to ensure employee compensation is unbiased and valid. These managers manage bonuses, regular wages, pensions, stock options, and other types of benefits. They directly communicate with the employees to assess their salaries and mention their expectations. They handle plenty of challenging tasks, so their HR scope in India is wide. Roles and responsibilities of compensation and benefits manager: Design compensation packages. Identify trends and implement new practices for engaging and encouraging employees. Guaranteeing that the benefits and salaries adhere to the existing legislation about human rights. Performing research on employee satisfaction. Track existing pay rates. Get best MBA certifications from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career. 4. Recruitment and Placement Manager The person at the helm of hiring new employees in a corporate is generally given the Employment, Recruitment, and Placement Manager title. The primary job duties include directing the team in: Selecting sources of recruitment Screening qualified candidates Deciding which individuals to pursue  These managers typically work under the guidance of HR managers or directors. Moreover, they have to communicate with the hiring managers of different departments to get an idea about their personnel needs and vacancies. The terms placement manager and recruitment manager are often used interchangeably. The ultimate goal of both is to hire eligible candidates, however, there are some minor differences in their responsibilities.  A placement manager works closely in relation with representatives from different colleges. These professionals are responsible for organizing placement drives in colleges to hire fresh eligible graduates.  Apart from working with teams, recruitment managers should have an eye for detail and good interviewing skills. They should be trained in recognizing high potential candidates from a pool of applicants and discern how they fit within the corporate culture.  The expected pay for this position in India is about Rs 4,97,351 annually. The earnings increase as you move up the corporate chain to occupy senior roles.  5. HR Consultant HR consultants are skilled in analyzing a company’s human resources situation and devising policies, employment structure, benefits packages, performance incentives, and many other issues. These experts usually work in a contractual capacity, helping HR managers with specific tasks. They study the existing employment and provide recommendations to bring about the desired changes and maximize the advantages. For example, they advise the leadership and suggest how to deal with labor-management conflicts.  To work as an independent consultant, one needs to have accumulated years of experience working in-house in an HR role. In India, you can make Rs 4,00,852 per annum on average with a private HR consulting practice. And as you take up more assignments, you can expect to get a higher salary. They ascertain that the department is updated with HR practices. They streamline the processes of recruiting and managing the best candidates for the organisation. They participate in the recruitment process to help the company attract and recruit top talent. They use trademarked databases, shortlist skilled candidates, upload job ads to pertinent platforms, and assess different social media channels. All these tasks are aimed at recruiting the best candidates. Commonly, HR consultants work with applicants all through the recruitment process. For that, they meet with them, do a background check, participate in interviews, discuss compensation packages, and send the job offer. The average salary of HR in India is determined by considering all the tasks they handle. List of common tasks that HR consultants perform: Recruit employees Provide training and development Assist with legal compliance Establish benefits and compensation Guarantee health and well-being in the workplace Also Read: Highest Paying Cities for MBA 6. Executive Recruiter Executive recruiters or headhunters are responsible for finding senior executives to fill leadership roles in corporations and large nonprofits. They need to have some idea about the hiring industry to convince prospects to join their client organization. It is a high-responsibility job as it requires you to develop a plan for why a senior professional should leave their current place of work and work for the competitor. Other than identifying the appropriate skill and culture match from the job market, presenting top talent to the employer company is another vital aspect. Successful executive search professionals enjoy a handsome remuneration. They get paid on a retainer basis, in full upon a candidate’s presentation, or a portion/percentage of the hired executive’s compensation. PayScale estimated the starting annual earnings of an executive recruiter in India at Rs 4,50,000.  An Executive Recruiter with some years of experience is offered a decent average salary of HR in India. Roles and responsibilities of executive recruiter: Identify and recruit potential candidates through various channels. Evaluating candidates based on their qualifications, culture, and compatibility. Organizing confidential interviews, scrutinizing references, and credit Skills and requirements to become an Executive Recruiter: Work experience in recruiting In-depth understanding of recruitment processes Knowledge of applicants’ selection methods Knowledge of market trends and best practices Expertise in using recruiting software, candidate databases, and applicant tracking systems (ATS) Experience with candidate sourcing tools and methods Relationship building skills The ability to acquire precise business insight and market insight Negotiation and communication skills Maintain integrity and privacy 7. International HR Associate As the title suggests, this HR position comes with global responsibility. International HR associates perform generalist tasks, such as posting jobs, screening applicants, reviewing compensation and benefits packages, and so on. For a multinational corporation, these standard activities have to be adjusted according to the employment markets around the world. Therefore, their role encompasses fine-tuning HR strategies accordingly.  The pay grade for international associates is slightly higher than their national peers. Moreover, multilingual individuals who have lived experience in certain countries may have an advantage in landing this job position.  The median annual salary is approximated at Rs 4,65,434.  HR Associates are responsible for acquiring, recording, and communicating HR transactions within the company. They manage company HR records and assist new employees with staffing procedures. The increasing need to handle human resource-related tasks leads to an increased average salary of HR in India. Roles and responsibilities of International HR Associate: Communicate with prospective job applicants. Contact candidate references, verify their academics records, and allot employment contracts Manage HR statistics, including worker forms, applicant logs, and resumes Issue enrollment documents to new employees Conduct employees orientations Explain employee benefits Respond to HR-related queries in the organization Maintain employee confidentiality. 8. Employee Relations Specialist These specialists act as a bridge between management and labor unions in large corporations. They draw up employment contracts adhering to labor regulations and demands. They also represent their client company in any legal action and sometimes serve as public relations specialists.  To work as a labor relations specialist, you need to have a sound understanding of the laws, politics, and other issues at the local, state, and national levels. Other must-have competencies include excellent negotiation and communication skills and the ability to write and interpret legal documents. So, Law graduates may find this career path particularly attractive.  This is one of the high paying human resource jobs. PayScale reports the average total compensation for employee relations professionals in India to be Rs 4,54,505 a year. Understanding the following responsibilities of an Employee Relations Specialist helps you to embark on the corresponding HR career path in India. Collect employee data, organise employee files, and oversee employee training Communicate policies related to human resources, benefits, and compensation Organise exit interviews Use relevant data to prepare employee profiles Create and update employee files Abide by regulatory standards Supervise employee orientation and training Advertise the services of the company at college campuses and job fairs 9. HR Director An HR Director is the person-in-charge of the company-wide policies on recruitment, compensation, promotion, termination, and other human resource areas. It is a senior-level position concerned with setting the tone for all HR activities in the organization.  Directors are responsible for designing the overall compensation and benefits policy to keep the employee morale and motivation intact. Additionally, they keep a finger on the industry’s pulse and analyze the employer’s paying capacity for different positions. Therefore, budget management, logical reasoning, and leadership qualities are central to their role. The salary of an HR director is one of the HR highest salary in India.  HR Directors in leading companies can earn as high as Rs 27,50,196 per annum.  Many people are confused about how much HR earn in India. Well, they are paid a decent salary based on their HR management skills and experience. Roles and responsibilities of HR director: Develop plans and policies for employee benefits, compensation, safety, and health Develop and execute strategies for training, development, staffing, and performance evaluation Supervise HR staff’s performance and provide guidance Supervise all HR activities, systems, initiatives, and strategies. Establish employee relations and communicate with labour unions. Guarantee compliance with all the applicable legal aspects. Sustain and synchronise all activities in the HR department. Guarantee grievance redressal and implement disciplinary actions when needed. Guarantee compliance with all internal policies and principles. Investigate data and report to the senior managers using HR Metrics. Participate in company staff meetings and seminars. Communicate with external service providers like transport, insurance, housing, etc. Create policies to control employee turnover rate and absenteeism. Plan policies and programs to improve employee satisfaction and performance 10. Vice President of Human Resources The Vice President of Human Resources may be referred to as the Chief Human Resources Officer (CHRO) in some situations. As a member of executive management, they are closely involved in setting the company’s strategic direction. CHROs oversee every aspect of the HR department and report directly to the CEOs.  Generally, it would be best if you had at least a decade of progressively responsible work experience to work at this senior position. If you aspire to advance to this stage, master the intricacies of corporate human resources and focus on building your decision-making and judgment skills.  The job of a CHRO is one of the HR highest salary in India. According to PayScale, a VP position in Corporate HR pays about Rs 21,60,616 yearly.  The HR career path in India includes developing HR strategies to ensure all HR operations are accomplished efficiently. Roles and responsibilities of Vice President of Human Resources: Develop and deliver project briefs to executives Supervise an organisation’s staffing, interview, selection, and hiring procedures Plan employee compensation, payroll, health and safety programs Supervise the execution of uniform human resource processes Abide by all internal policies and legal principles. Update old systems like paper-based timesheets and grievance procedures Organise benefits programs to appeal to and preserve the best talent Collaborate with the technical team to design, incorporate and execute HR software systems for improved efficiency Endorse new and enhanced measures for performance assessments. 11. HR Generalist These professionals generally undertake several HR responsibilities rather than specializing in just one line of work.  Their responsibilities include many HR functions such as hiring, talent attraction, employee engagement, training and development, and many more. Human resource generalists also help leaders in making decisions related to people and are a part of every step of the employee life cycle.  The responsibilities and priorities of these professionals depend largely on the everyday needs of the company. However, as the company grows, the HR department divides the duties of these professionals into more specialized roles.   If you are looking for the best companies for human resources jobs, starting as an HR generalist can be a good place to start. You will get to learn and work your way up the ladder. The average salary of an HR generalist in India is INR 4.8 lakh per annum.  Roles and responsibilities of HR Generalists  Sourcing candidates Screening resumes  Guiding salary negotiations  Managing the onboarding process Checking if all the laws are being retained Handling employee benefits such as pension, retirement plans, healthcare, and vacation.  Conducting investigations for any complaints filed.  If you want to work as an HR generalist, there are some skills that you must have. Some of them are as follows:  Observational skills: One of the main responsibilities of these professionals is to source qualified candidates, shortlist the best ones, and decide if the candidate’s skills and behavior are a fit for the organizational culture. This is why, HR generalists must have excellent observational skills to spot the ideal candidates.  Communication skills: These professionals spend a lot of time working closely with both employees and stakeholders. To build good relations, they must have strong communication, emotional intelligence, empathy, and the ability to communicate with individuals at all levels of business.  Data management skills: HR generalists, like any other HR professional, must have a strong command of technology. All information about employee recruitment, performance, payroll, and benefits needs to be stored in the Human Resource Information System (HRIS). This is why these professionals should be able to interpret the data they get.  12. Performance manager  A performance manager is responsible for creating a systematic process to help the employees align their goals with the organizational goals. These professionals offer employees the coaching, feedback, and recognition they deserve for successes and achievements.  These managers measure the performance of employees by reviewing and assessing their work patterns. It is a part of their responsibility to create a working environment where employees are motivated to meet and exceed the business standards.  Performance managers have the freedom to decide how often they should meet with particular employees, who might benefit the most. They also conduct annual performance reviews where they address issues such as quality of work, punctuality, ability to meet set goals, problem-solving skills, etc. The average salary of performance managers in India is INR 11.6 lakh per annum.  The objectives of these professionals are as follows:  Improving communication at every level of business.  Providing facts for management decisions regarding letting go or hiring employees.  Enhancing employee ability with feedback and coaching.  Being enthusiastic to motivate the employees.  Establishing the expectations from employees.  Skills necessary for an HR professional  Is HR a good career in India? The answer to that question is yes, HR is an excellent career in India. There are many high paying human resource jobs in India. The specific skills required for an HR professional can vary according to the designation that they have.  Here are some of the general skills valued in HR jobs.  Communication: In the HR department, you are going to spend a large amount of time talking to people during interviews, training sessions, feedback, etc. You will also be writing emails, letters, handbooks, and various other documents.  Active listening: This is a subpart of the previous point. If you are not a good listener, you cannot be a good communicator. As an HR professional, you will need to pay attention to important details and decide the right and the wrong for the company.  Analytical: As an HR professional, you will have to often evaluate important information from available data. This is why you will need excellent analytical skills which will help you interpret the data.  Multi-tasking: Working in the HR department, you will often have several responsibilities on your plate, and you will have to juggle all these duties. To become a successful HR professional, you will have to multitask and manage your time between all your responsibilities.  If you are looking for the highest paying jobs in HR, you must work on the skills listed above. This will help you get employed with some of the highest paying companies for HR in India.  What to do to build a career in HR? You can opt for a Global MBA and specialize in a relevant area like Human Resource Management or Strategic Management. It comes with dual certification from LBS and IMT and a week-long immersion program at the university campus. Here is an overview of what these courses intend to teach you:  Introduction to HR for Non-HR managers Organizational Behaviour as a discipline Workforce Planning and Recruitment Employee Training and Development  Employee Engagement, Retention, and People Performance Business Laws and Ethical Concepts Business Communication Decision Science  Enterprise Management Business Strategy and Leadership Digital Business Innovation Change Management for Sustainable Futures Case studies from Harvard Business Publishing While selecting a suitable program, it is best to evaluate the alternatives based on the syllabus, pedagogy, faculty profile, networking opportunities, and career support. Enrolling in an online degree can offer a cost-effective and flexible way to get the same experience as the traditional on-campus counterpart. So, it is advisable to carefully discern your strengths and weaknesses and then choose the route that best aligns with your needs.  Highest paying companies for HR in India The salary of an HR professional depends not only on the HR designations in India but also on the company that they are working for. Let us draw a comparison between some of the best companies for HR jobs. Here are some of the highest paying HR jobs in India. Company  Designation  HR Manager TCS INR 13.7 lakh per annum Reliance Industries INR 13.8 lakh per annum Cognizant INR 16.9 lakh per annum Genpact INR 12.8 lakh per annum Wipro INR 18.4 lakh per annum   Company  Designation  HR Director Confidential INR 40.2 lakh per annum PwC INR 64 lakh per annum Cognizant INR 66.5 lakh per annum Atos INR 45 lakh per annum Wipro INR 23.3 lakh per annum   Company  Designation  CHRO Confidential INR 54.4 lakh per annum Gujarat Heavy Chemicals INR 1 crore per annum Roadis Group INR 98.5 lakh per annum Sunbeam Auto INR 98 lakh per annum Wipro INR 6.3 crore per annum These are some of the best companies for human resources jobs in India. The modern relevance of the HR profession Strategic management, in essence, is about decision-making with a long-term perspective. It focuses on taking actions that lead to superior performance, continually adjusting the three poles of senior management, external environment, and internal resources. The Harvard Framework on HRM says that organizations need to form a comprehensive view of human resources as viable assets instead of variable costs. And an entity that succeeds in doing so would develop such attributes that allow it to outperform its competitors.  The coronavirus outbreak in 2020 has highlighted the link between HRM and business goals. Moreover, it has always been a challenge for companies to build and retain a strong talent pipeline. Employers need to adjust to the shifting workforce requirements and give preference to revitalize their organizations with the use of new technologies and capacity building initiatives.  Closing Remarks  Are you wondering ‘is HR a good career in India?’ The answer is yes. There are several good companies for HR jobs where you will be offered lucrative salaries. There are many areas where you can have expertise as an HR. You could work as an HR generalist, have to take your time to find your expertise. Or you could work as a CHRO, the highest HR position in a company. However, a lot depends on your skills, knowledge, and experience. The above information on the highest paying HR jobs in India would assist you in your career planning process. You now understand what to expect from a learning program and make an informed choice regarding your higher studies. If you are a job-seeker, knowing about the highest salary HR jobs in India pay to qualified candidates would be useful. And if you are already working, you can use the details to identify your skill gaps and advance up the professional ladder. The takeaway here is that we need to be aware of the industry requirements, adapt according to the situation, and realize our true potential by staying curious! 
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by Rahul Karthikeyan

18 Feb 2024

12 Best Career Options after M.Com: What to do After M.Com? [2024]
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Summary In this article, you will learn about the 12 Best Career Options after M.Com. Take a glimpse below. Enrol in an MBA Program Become a Chartered Accountant Consider doing the ACCA course Pursue Company Secretaryship Earn the CMA credential Complete the CFA course Obtain a CPA license Become an FRM-certified professional Crack the CFP exam Get into digital marketing Get CIB certified Pursue a career in teaching and research Read the full article to know more details like Salary Range, career scope etc. What to do after M.Com? How many of you wonder which are all the best career options after M.Com? Master of Commerce (MCom) is a popular two-year postgraduate degree offered by several recognized universities in India. Its curriculum is a level up from the concepts that you learn about in a BCom program. Typically, students opt for an MCom qualification to delve deeper into the professional spheres of accounting, taxation, banking, finance, and insurance. But choosing a career path from a variety of alternatives without any guidance can prove tricky. It is not easy to find high paying jobs for M.Com graduates if one has not chosen the right courses after M.Com. One has to know the list of all job opportunities after M.Com to select the right one. You can also check out our free courses offered by upGrad in Management, Data Science, Machine Learning, Digital Marketing, and Technology.  Learners receive an average Salary hike of 58% with the highest being up to 400%. If you, too, are a young graduate and wondering what jobs to do after M.Com, this article is for you. As a commerce student, you get exposure to a plethora of business and management-related subjects. So, you would have gained the foundational knowledge upon which you can build a dynamic career. We have compiled a list of prospective work lines below that you can explore after attaining an MCom degree.  Enrol on digital marketing programs and dive into the digital era. Career Options After MCom Below is a list of some great courses after M.Com job opportunities which you can choose. 1. Enroll in an MBA Program MBA is the most popular course available for students & one of the best courses after M.Com, not just graduating from commerce but any other field. An MBA degree finds a place among the most preferred options among candidates who want to qualify for managerial positions and advance their careers. While studying MCom, you learn about business, economics, stock markets, accountancy, among other things. But when you pursue higher education in business administration, you also learn how to apply your technical know-how to solve problems and help organizations grow.  After earning an M.Com, enrolling in an MBA program has several appealing advantages that make it a wise decision for both professional and personal development. Statistics reveal that the employability of Indian MBA graduates has increased to 60% in 2023. The jobs after M.Com added with an MBA give wider opportunities to the aspirant, for instance:  Expanded Career Prospects Managerial Roles: An MBA prepares you for managerial and leadership roles in a variety of industries by giving you the know-how to successfully manage teams and negotiate challenging business situations. Versatility: An MBA gives you a broad skill set that allows you to choose a job that permits you to switch between different industries or roles. Developing Leadership Strategic Thinking: MBA programs place a strong emphasis on problem-solving, critical thinking, and strategic decision-making. These skills develop your capacity to assess situations and make well-informed managerial decisions. Team Management: Mastering interpersonal skills, communication, and team management—all crucial components of good leadership—is the main emphasis of leadership courses in MBA programs. Check out our programs  – MBA from Golden Gate University, MBA from Deakin Business School & Post Graduate Diploma in Management From BIMTECH Most MBA programs follow a case study pedagogy to equip students with the critical thinking and decision-making capabilities. Nowadays, leading academic institutions are offering Global MBA degrees online on platforms like upGrad. These are accredited courses that allow you to continue your academic pursuits and get mentored by industry experts in a flexible learning environment. Additionally, you can specialize in a particular field such as business analytics, digital finance, and banking, etc.  According to payscale, the average salary of MBA graduates is 7.2 LPA in India. List of popular companies for MBA graduates: Source Read: 14 Best Career Options after B.Com: What to do After B.Com? 2. Become a Chartered Accountant Chartered Accountancy or CA has proven to be one of the top-most career options after MCom. You are eligible to take the exam right after high school, but it demands dedicated preparation. After qualifying the three stages of CPT, IPCC, and Finals, you will need to complete an articleship of 2.5 years to practice professionally. Many talented CA graduates find employment in the ‘Big 4’ accounting firms—namely Deloitte, KPMG, EY, and PwC—earning an average annual salary of INR 8 lakh. CA is one of the best courses after M.Com for getting good jobs and salaries. Average salary of CA graduates is Rs. 7.9 LPA in India Top employers for CA graduates: Source Becoming a Chartered Accountant (CA) presents a number of noteworthy benefits and chances for career advancement. After M.Com job opportunities for a CA depends heavily on his skills. The following are strong arguments in favor of obtaining a CA certification after M.Com courses: Domain-Specific Knowledge Accounting Knowledge: Greater depth in accounting principles, taxation, auditing, and financial management is provided by the CA program, which offers specialized knowledge not covered by M.Com. Practical Training: Articleship component of the CA program gives students hands-on experience in accounting, auditing, and taxation procedures in the real world, which boosts their employability. Elevated Industry Need Coveted Qualification: In the corporate, public, consulting, finance, and other sectors, the CA designation is highly valued and in demand. Numerous Career Paths: Certified Public Accountants (CAs) can pursue a wide range of careers, from positions in senior finance in corporations to positions in Big 4 accounting firms. Flexibility and Range Worldwide Recognition: The CA credential is accepted around the world, opening doors to employment in international markets and conglomerates. Different Roles: Certified Public Accountants (CPAs) have a wide range of career options, including roles in accounting, auditing, taxation, financial management, consulting, and advisory. 3. Consider doing the ACCA course If you wish to work in accounting and finance, you can also consider pursuing the ACCA Course (Chartered Certified Accountant) qualification provided by the Association of Chartered Certified Accountants (ACCA) institute. The two-year course is highly valued in multinational corporations. But before you become an official ACCA member, you will also need to complete three years in a practical setting. The minimum eligibility is a 10+2 educational qualification with at least a 65% aggregate score in Math, Accounts, and English and 50% in other subjects. So, many students from the commerce stream enroll in the program during their undergraduate studies only. But even if you are an MCom student, your sound understanding of accounting concepts will help you in clearing the exams. ACCA is one of the most preferred courses after M.Com. Still wondering after M.Com which course is best? Enrolling in the ACCA program might be the best answer. With its many benefits, it will improve your professional prospects and fit in with your career goals. The following are compelling reasons to go after the ACCA certifications for your career after M.Com: Recognition on a Global Scale Global Acceptance: ACCA is respected and well-known throughout the world, providing employment opportunities in a number of nations and multinational companies. International Accounting Standards: By providing you with knowledge in line with these standards, ACCA allows you to pursue career opportunities that transcend national boundaries. All-encompassing Skill Set Curriculum Variety: ACCA offers courses on financial accounting, management accounting, taxation, auditing, and strategic business management, among other accounting and finance subjects. Practical Applications: The program places a strong emphasis on practical application, equipping you with the skills necessary to handle real-world situations and obstacles in accounting and finance roles. Multinational companies have a high demand for the graduates of this course and pay a salary ranging from 5 to 16 lakhs. Top companies hiring ACCA Source 4. Pursue Company Secretaryship If you are wondering what to do after M.com for good job opportunities, Company Secretary (CS) is one of the many pivotal job roles in an organization. A Company Secretary (CS) looks after the legal compliance and regulatory requirements of public and private sector companies. The three stages of the CS course include a Foundation, Executive, and Professional. The candidates also have to undergo 15 months of practical training, after which they become an Associate CS and earn an ICSI membership. ICSI refers to the Institute of Company Secretaries of India, which is the only recognized body providing the CS course in the country, boasting of more than 62,000 members.  Pursuing a career as a company secretary is one of the best courses after M.Com for the following reasons: Harmonious Skill Set Legal and Corporate Expertise: In addition to the financial expertise obtained from an M.Com, company secretaryships offer specific knowledge in corporate laws, governance, compliance, and secretarial practices. Comprehensive Understanding: CS courses extend your knowledge beyond accounting and finance by covering legal, secretarial, and administrative topics. Knowledge of Corporate Governance Regulation Adherence: CS qualifications emphasize upholding corporate laws and governance practices, which equips you with the skills necessary to keep organizations compliant with laws and regulations. Board Advisory Role: CS specialists frequently serve as counselors to the board of directors, offering advice on corporate strategy, legal issues, and compliance needs. The salary range of CS in India ranges between Rs 4 – 10 LPA. According to PayScale the average salary of CS is Rs. 5.8 LPA. Source Also Read: Career Options For Commerce Students 5. Earn the CMA credential Certified Management Accountant (CMA) is a professional course requiring aspirants to complete two stages of examination and gain two years of work experience. This prestigious credential is offered by the IMA, an association based in the United States, and enjoys global recognition which made this one of the best courses after M.Com. CMA-certified individuals are acknowledged for their expertise in two core areas – management accounting and financial management. They are expected to be knowledgeable in financial analysis, planning, control, and decision support. You will find that corporate recruiters prefer hiring CMA holders for such profiles. CMA is one of the preferred courses after M.Com. If you are still wondering, ‘what can i do after M.Com?’, obtaining the Certified Management Accountant (CMA) credential can greatly enhance your career prospects within the financial management industry. The following reasons show how: Expertise in Management Accounting Focused Expertise: The CMA gives you specialized knowledge in management accounting with a focus on cost control, performance assessment, and strategic financial management. Decision-Making Skills: The main goal of CMA courses is to improve your capacity to make data-driven financial decisions, essential for the success of organizations. Demand in the Industry and Professional Growth High Demand: Because of their proficiency in cost management, strategic planning, and financial analysis, jobs after M.Com for CMA qualified professionals are in high demand. Career Progression: CMA credentials open doors to senior managerial roles in accounting and finance departments, providing ample opportuniy for professional growth. Average salary of CMA is Rs. 8.1 LPA in India List of top employers for CPA Source Also read: Career options in science after graduation 6. Complete the CFA course CFA is one of the best courses after MCom. CFA stands for the Chartered Financial Analyst program. Offered by the US-based CFA institute, it presents a great doorway into the world of investment and finance. The program covers topics related to financial analysis, bonds and derivatives, portfolio and investment management, etc. Once you are through with the three tiers of CFA, you can be hired by some of the top global financial firms, such as Goldman Sachs, JP Morgan, Royal Bank of Canada, and Morgan Stanley.  Also, Check out online degree programs at upGrad. To be eligible to take the Level-I exam, you should be in the final year of your undergraduate degree. Although the duration of the course is 2.5 years, it takes an average of four years to attain the tag of a CFA Charter.  Are you still worried about which M.Com specialization is best after earning an M.Com? Take a look at the advantages CFA certification offers to make up your mind. Comprehensive Financial Understanding Extensive Curriculum: The CFA program offers a deep understanding of financial concepts by delving into financial analysis, investment management, portfolio management, ethics, and economics. Quantitative Skills: It places a strong emphasis on quantitative analysis, giving you the tools you need to successfully assess and manage investment portfolios. Emphasis on Investment and Portfolio Management Specialized Knowledge: The CFA program prepares candidates for positions in investment banking, asset management, and financial planning by concentrating primarily on investment analysis, asset valuation, and portfolio management. Risk Managerial Skills: The program strongly emphasizes risk assessment and management, which are essential in modern day intricate financial markets. Average salary of Chartered Financial Analyst is Rs. 6.6 LPA How the city you work affects your pay: Source Checkout: Highest Paying Commerce Jobs in India 7. Obtain a CPA license One of the most prevalent career options after M.Com is the Certified Public Accountants certification. CPAs attain their designation from the American Institute of CPAs or AICPA. Individuals who possess a CPA license have an in-depth understanding of the Generally Accepted Accounting Principles (GAAP) and a robust accounting background. To acquire the certification, you will have to take a rigorous four-part exam.  Now, let us understand what CPAs do in a company. Basically, they perform the financial statements auditing and attestation functions, helping investors know about the financial health of a firm. They also provide taxation and financial planning advice to individuals and organizations.  CPA is one of the many courses you can pursue if you are looking for answers to which courses are available after M.Com. Earning a Certified Public Accountant (CPA) license has many benefits and opportunities in accounting, finance, and auditing. Professional Trust and Credibility Credibility and Trustworthiness: Professional competence, adherence to high ethical standards, and a commitment to upholding financial integrity are all indicated by holding a CPA license. Client Confidence: Because of their knowledge of finances and adherence to accounting rules, CPAs are frequently trusted by both employers and clients. Practice privileges and regulatory requirements Regulatory Requirements: To ensure adherence to legal standards, several jurisdictions mandate a CPA license for specific accounting and auditing roles. Practice Privileges: Signing and certifying financial statements is a common privilege for CPAs, which strengthens their role in assurance and auditing services. The average salary of CPAs in India is Rs. 6.9 LPA. Source 8. Become an FRM certified professional Still, need options for jobs after M.Com with a good salary? Risk Management is a thriving industry in today’s dynamic financial market. FRM is an excellent option for those looking for short-term courses. To earn the designation, you have to undergo a nine-month program facilitated by the Global Association of Risk Professionals or GARP. The examinations are conducted in two rounds, in May and November. An FRM certification is an indicator of your ability to identify and analyze potential financial threats. As a financial risk manager, you can offer your services in diverse domains like credit and market risk, financial services, trading, sales and marketing. Payscale assesses the average salary of FRM professionals to be between 10 to 18 lakh per annum. After M.Com, which course is best? In the field of risk management and finance, earning an M.Com grants you access to various benefits, one of which is becoming a certified Financial Risk Manager (FRM) professional. The following are strong arguments in favor of obtaining the FRM certification: Proficiency in Risk Assessment Comprehensive Understanding: Having earned an FRM certification gives one access to extensive knowledge of market, credit, operational, and liquidity risk as well as financial risk management. Analytical Skills: FRM gives you the sophisticated quantitative abilities you need to recognize, evaluate, and control the many kinds of financial risks that businesses face. Practical Skills Relevant to the Industry Real-World Application: Case studies, simulations, and hands-on exercises are all part of FRM programs, which give students practical experience managing actual financial risks. Quantitative Techniques: Because FRM is centered around quantitative analysis, you can make use of advanced risk management models and tools. 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 9. Crack the CFP exam One of the most popular career options after M.Com is doing CFP course. CFP is another short-term course that can help you find avenues in the finance and insurance sectors. Although the course duration is six months, you need to perform well in other parameters to practice as a Certified Financial Planner. These requirements include your educational performance, demonstrated work experience, and professional ethics. With a CFP certification, you can take up assignments in tax planning, insurance decisions, estate planning, investment management, retirement, etc. If you are still looking for answers to which courses are available after M.Com, the Certified Financial Planner (CFP) course can be the best fit. Passing the CFP exam can be beneficial for a number of reasons. Comprehensive Financial Planning Expertise Comprehensive Understanding: A variety of topics related to financial planning are covered in CFP education, such as investments, risk management, insurance, taxes, retirement planning, estate planning, and risk management. Client-Centric Approach: Earning a CFP gives you the tools to give thorough financial advice that is customized to meet the needs of each client. Credibility as a Professional and Client Trust Trusted Financial Advisor: Having a CFP certification shows clients that you are dedicated to upholding professional standards and ethical behavior, which fosters client confidence. Comprehensive Financial Planning: Because CFP specialists are knowledgeable in a wide range of financial topics, clients frequently turn to them for all-encompassing financial advice. Average salary of certified financial planners is Rs. 3.9 LPA in India How it increases with years of experience: Source 10. Get into digital marketing For all the students who are wondering what to do after Mcom, If you are not interested in working in the realm of finance and accounting, deciding what to do after MCom can be challenging. It comes as no surprise that many commerce students choose creative occupations as well. One of these innovative pursuits includes digital marketing. It is a component of marketing that uses digital technologies to promote products and services. Modern-day businesses cannot neglect the power of the internet, and thus, this field has gained immense popularity in recent years.  Digital Marketing Free courses to Learn Influencer marketing free course Introduction to advertising free course Influencer marketing right free course SEO basics free course SEM basics free course Email marketing free course Social media marketing introduction free course How to leverage user generated content free course Content marketing free course Fundamentals of marketing free course Brand marketing masterclass free course Also read, Career options in medical for non-commerce students There are numerous digital marketing courses in the market, with their duration varying between 3 months and 11 months. The coursework emphasizes teaching topics like Search Engine Optimization (SEO), Pay Per Click (PPC), content marketing, social media management, marketing analytics, digital branding, etc. You can check out the online PG certification in digital marketing and communication by reputed institutes like MICA on upGrad.  Knowledge of digital marketing can lead to a highly promising career in the current work environment where everyone, from corporate bigwigs to ad agencies and startups, is on the lookout for digital marketers and managers. According to Payscale, a digital marketing professional in India can earn a starting salary of around INR 5 lakh per annum. And digital marketing managers can get paid as high as 15 lakh per annum, depending on their job profile. Check out digital marketing jobs. How your pay increases with years of experience: Source 11. Get CIB certified CIB is short for Certificate in Investment Banking, a six-month course for graduates who want to raise capital for companies by selling equity and issuing debt. It is a globally recognized examination that tests whether you can employ systematic and strategic methods to establish the valuation of listed and unlisted companies. Determining the right valuation forms a crucial part of investment decisions relating to Initial Public Offerings, mergers, acquisitions, and other corporate actions.  You can go for the CIB course right after your BCom. But having an MCom degree will make it easier for you to grasp the coursework, which contains themes of asset management, equity research, hedge funds, corporate finance strategy, and private wealth management. Payscale estimates an investment banking career can get you an average annual salary of INR 9.6 lakh in India.  12. Pursue a career in teaching and research If Business and Commerce interest you as academic disciplines, you can even enter the research field. A doctorate or Doctor of Philosophy (Ph.D.) is awarded in majors like Finance, Statistics, Operations Research, Organizational Behavior, Human Resource Management, and many others. You can also look for a suitable program of study abroad provided that it meets your research interests. It is one of the best career options after MCom. If you want to gain skills into various facets of business and trade through research, embarking on a PhD journey in one of these fields could be a desirable path. To initiate this journey, look for a suitable international research program aligned with your interests could be a fantastic initial step to know after M. Com which course is best. Apart from JRF, there are a number of national and international fellowships available for students exhibiting high research aptitude in Commerce, Economics, and Management. If you want to become a university lecturer, studying your way to a Ph.D. degree is highly recommended. But if you are more inclined towards teaching school students, you can opt for the two-year B.Ed program.  Here are some bonus jobs you can take after doing M.Com. Candidates with an M.Com degree are prepared for careers as auditors, business analysts, company secretaries, consultants, tax accountants, finance officers, stock brokers, sales analysts, and economists. An M.Com graduate might also go for government exams to gain jobs in the public sector. Following are a few of the well-paying jobs after m.com with a high salary. 1. Cost Accountant A cost accountant is a financial professional who analyses the expenses related to providing a service or producing it. A cost accountant’s main responsibilities include analysing a position and establishing a budget to make it profitable, as well as examining the total profit and loss statement. A cost accountant also accounts for the expenses related to administration, shipping, and production. A person can pursue professional courses to gain a deeper knowledge of Cost and Management Accounting, even though the knowledge acquired during an M.Com degree course is likely to land them a solid position as a cost accountant. 2.Tax Consultant Looking for post M.Com job opportunities? Become a Tax Consultant. A tax consultant or job in taxation centres on specialists assisting people with their tax-related questions and assisting them in both short- and long-term tax optimisation. The majority of tax advisors have degrees in law, accounting, finance, or a closely connected discipline. Understanding accounting theory, practise, and laws, as well as tax laws and financial management, are prerequisites for establishing a profession as a tax consultant. One can work in a tax consulting firm with an M.Com degree, however, tax consulting organisations prefer people having an LLB degree to handle legal tax concerns. 3. Sales Analyst After M.com courses, you can choose to become a sales analyst. A sales analyst is a specialist employed by a company to assess and pinpoint historical sales trends. By analysing market data, sales analysis will help businesses grow. Sales analysts provide a clearly defined plan in the form of weekly or monthly reports and offer it to the upper management and sales staff. A sales analyst’s duties also include conducting significant marketing campaigns and spotting emerging market trends in sales. When analysing the flaws, a sales analyst reflects the supply chain, marketing, and manufacturing systems of the organisation. Candidates with an M. Com degree and a strong interest in sales and marketing are a perfect fit for the position of sales analyst. The M.Com degree holder has sufficient financial understanding to create an appropriate plan of action. 4. Investment Banker After M.Com, there are many job opportunities on your way. One such option is Investment Banker. Investment bankers are experts who assist businesses, governments, and other entities in raising funds from a variety of sources. Investment bankers are the specialists that financial institutions hire to assess an organisation’s financial standing, capital requirements, and goals. The main responsibility of an investment banker is to serve as a liaison between entities that raise funds and those willing to make financial investments, in addition to outlining issues and offering potential solutions. Wrapping up The above is a list of some great career options after M.Com. We hope it will answer your question “What to do after M.Com?”. You can determine your interest based on your career choice that you would like to opt for after your graduation. For all young minds, wondering what to do after M.Com, you need to check the amount of time, the difficulty level, and the price of the course, before deciding which course to opt after your graduation. Any of the above best courses after M.Com are sure to land you a great job so that you can happily start your journey in the professional world. Now that we have detailed a range of different career options after MCom, it would be relatively easy for you to locate your interests. So, gather some more information about your preferred choices and follow the path you desire! Also Read: Top 10 Highest Paying Jobs in India Wrapping up The above is a list of some great career options after M.Com. We hope it will answer your question “What to do after M.Com?”. You can determine your interest based on your career choice that you would like to opt for after your graduation. For all young minds, wondering what to do after M.Com, you need to check the amount of time, the difficulty level, and the price of the course, before deciding which course to opt after your graduation. Any of the above best courses after M.Com are sure to land you a great job so that you can happily start your journey in the professional world. Now that we have detailed a range of different career options after MCom, it would be relatively easy for you to locate your interests. So, gather some more information about your preferred choices and follow the path you desire!
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by Rahul Karthikeyan

18 Feb 2024

MBA Salary in India in 2024 [For Freshers & Experienced]
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Wondering what is the range of MBA salary in India? If you see the job listings today, you will see many jobs marked as ‘MBA preferred.’ This trend has been increasing over the last five years. MBA graduates have better ability and skill when it comes to thinking logically in critical situations and solving complex problems. The MBA Salary in India offered is, naturally, directly proportional to the qualification and experience. Hence, if you have the right qualifications you can get a MBA average salary in India. Master of Business Administration (MBA full form) is a prestigious academic program designed to provide a holistic understanding of business strategies and management principles. Popular among undergraduate and postgraduate students alike, the diverse curriculum of an MBA covers vital areas like finance, marketing, operations, and entrepreneurship.  Anticipated to reach a valuation of USD 83.08 billion by 2032, the global MBA education market size reaffirms the steady demand MBA still holds. Employers highly regard candidates with an MBA due to their demonstrated readiness for navigating complex business challenges in executive roles, consulting, investment banking, and management. Check out our free courses to get an edge over the competition. If you have the required skill set and are ready to keep yourself updated, your career is expected to keep growing onwards and upwards. There are plenty of MBA jobs in India but on certain conditions. This line stands true especially when we consider that an MBA salary in India is directly or indirectly dependent on how upskilled and updated they are. Thus there can be some myths and misconceptions that you might have heard regarding MBA degree salary. With industries changing dramatically and perspectives of business taking new shapes, the demand and scope for MBA for professionals has undergone a radical shift. Companies now want multi-skilled talents that have niche domains skills as well as leadership and management skills. You can also consider doing our Management Essentials Bootcamp if you are interested. Featured Program for you: Business Analytics Certification Programme Often MBA aspirants get confused regarding which MBA specialization is best paid? Let’s take a look at what is a typical highest paying jobs after MBA in India? MBA Salary in India: Based on Specialization Streams Let’s see how the MBA salary in India varies according to the specialization streams 1. MBA in Finance After completing an MBA in Finance, one can find a job in the following sectors – Corporate Finance –This field involves managing a company’s financial activities, including budgeting, financial planning, investment decisions, and capital structure management. Job roles with high MBA salary may include financial analyst, financial manager, or CFO (Chief Financial Officer) in corporate settings.  Corporate Banking –Involves providing financial services to corporations, including loans, credit, treasury, and advisory services. This sector offers some high paying jobs after MBA, like relationship manager, credit analyst, or corporate banker. Credit Risk Management –Professionals in this field usually get a hefty salary as they shoulder responsibilities like assessing and mitigating credit risks for banks, financial institutions, or corporations. They analyze creditworthiness, develop risk management strategies, and assess loan portfolios. Job titles might include credit risk analyst or credit risk manager. Asset Management –Involves managing investment portfolios for individuals or institutions, including mutual funds, pension funds, or insurance companies. As one of the highest paying MBA jobs in India, asset management roles like portfolio manager, investment analyst, or fund manager require expertise in managing diverse investment portfolios for institutional or individual clients.  Hedge Fund Management –Involves managing investment funds that use various strategies to generate returns for investors. Jobs in this field might include hedge fund manager, research analyst, or quantitative analyst. MBA packages in India in this field are highly rewarding due to the demanding nature of the roles. Private Equity –Involves investing in private companies by acquiring stakes, restructuring them, and eventually selling for a profit. These job roles, including private equity associate, analyst, or partner, come with a significant salary package.  Treasury –Professionals in treasury manage a company’s finances, including cash flow, liquidity, and risk management. Jobs could include treasury analyst, treasury manager, or treasurer. Sales and Trading –This area involves selling and trading financial instruments such as stocks, bonds, currencies, and commodities. The average salary of MBA in India for roles like sales trader, trader, or investment banker is relatively high. Our learners also read: Career after MBA! The average salary for MBA fresher in India is Rs. 678,000 per annum. The MBA salary after 10 years in India increases with growing experience and knowledge. Source EY, HDFC BAnk, Accenture, TCS, ICICI Banks are the top recruiters for MBA Finance candidates. Read: Career in marketing and its scope in the USA. 2. MBA in Business Analytics MBA graduates in Business Analytics can find jobs in various sectors like Information Technology, Healthcare, Financial Institutions, E-Commerce, etc. Thanks to the growing importance of analytics in business, the average salary of  MBA Business Analytics professionals in India is Rs. 11 lakhs p.a. While freshers can make around Rs. 5 – 8 lakh p.a., experienced professionals in the field can earn between Rs. 10 – 18 lakhs p.a. Those at a senior level can draw a salary between Rs. 30 – 55 lakhs annually. Read: Check out the Scope of MBA for IT industry 3. MBA in Marketing After completing an MBA in Marketing Management, one can find a job in the following sectors – Competitive Marketing –This involves analyzing competitors’ strategies, market trends, and consumer behavior to develop and implement strategies that give a competitive edge. Job roles may include competitive intelligence analyst, market research analyst, or marketing strategist. MBA salary in India for competitive marketing can be quite rewarding because these roles involve analyzing markets and competitors to gain an edge. Business Marketing –Focuses on marketing products or services to other businesses. MBA package in India for business marketing graduates is quite competitive as they would work in either business development, B2B marketing, account management, or sales management targeting corporate clients.  Online Marketing –Involves using digital platforms and tools to promote products or services. Roles may include digital marketing manager, social media strategist, content marketer, or search engine optimization (SEO) specialist.  Analytical Marketing –Centers on using data analytics and market research to make informed marketing decisions. Job roles in this field come with hefty MBA business analytics salary. Some probable positions include marketing analyst, data analyst, or marketing research manager, focusing on extracting insights from consumer data. Customer Relationship Marketing –Revolves around building and maintaining relationships with customers through personalized marketing strategies. Jobs may include CRM manager, loyalty program manager, or customer experience analyst. These job roles offer lucrative salaries, as building strong customer connections is crucial for businesses to thrive in this overtly competitive digital era. Advertising Management –Involves planning, creating, and managing advertising campaigns across various media channels. Advertising manager, creative director, media planner, or account executive in advertising agencies or marketing departments are some of the roles available in this sector. Product and Brand Management –Involves managing the marketing strategy, development, and promotion of specific products or brands. Job roles may include product manager, brand manager, or brand strategist, responsible for creating and maintaining brand identity. Retailing Management –Focuses on managing retail operations, merchandising, and customer experiences in retail environments. Jobs in this sector may include retail, store operations, or retail marketing managers. An MBA in Marketing can help you get a job promotion and qualify for management and executive positions in your current company. Since postgraduate business programs emphasize developing leadership and communication skills, graduates can advance to marketing positions with great ease. Read: What is business analytics – Its Career scope, Salary & Job Roles. Whether you are interested in sales, business development, media and entertainment, advertisement, brand management, or even general management, these skills form the heart of any senior-level role. Technology has further augmented the marketing world, adding new creative areas and innovative job profiles to the mix. Also read, Business analyst career path and professional roles. Marketing Management professionals can find job opportunities in Advertising Agencies, Marketing Companies, FMCG Sector, Financial Services, IT, etc. According to payscale, MBA Marketing candidates average salary is Rs. 752,000 per annum. Source 4. MBA in Human Resource Management Recently, the job of HR professionals has gained increasing traction across all parallels of the industry. Hence, HR Management professionals can find plenty of employment opportunities in IT companies, law firms, advertising firms, retail companies, media houses, newspapers, etc. MBA HR candidates earn Rs. 603,000 per annum. The average yearly salary of an MBA HR Manager is Rs. 756,000 and the Senior HR Manager salary is close to Rs. 1,000,000 per annum. 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 5. MBA in Operations Management Graduates with this specialization usually bag jobs in product/service based units, including – Retail -Jobs in retail can involve working in store management, merchandising, marketing, or operations within retail stores or chains. MBA graduates in retail management often earn good salaries because of the demanding nature of their role, especially in management and strategic decision-making. Logistics -Logistics job opportunities encompass supply chain management, transportation, warehouse operations, inventory control, and distribution. Salaries for MBA holders in logistics can be rewarding due to the dynamic nature of the job. Hospitality -In the hospitality sector, graduates might pursue careers in hotel management, event planning, restaurant management, or tourism-related services. The exponential growth of the hospitality sector ensures graduates with an MBA in hospitality can gain enough opportunities to land well-paying jobs. Transportation -Responsibilities in transportation involve managing transportation networks, logistics planning, fleet management, or operations in airlines, railways, shipping companies, or logistics firms. Salaries for MBA graduates in transportation management can be appealing as they have to oversee logistics and transportation operations. Manufacturing -MBA graduates can work in manufacturing industries, overseeing production processes, quality control, operations management, or supply chain roles within factories or production units. They can earn competitive salaries by optimizing production processes and supply chains. Construction -Job roles in construction may include project management, site supervision, construction planning, or operations management in the building and infrastructure sectors. Efficiency in overseeing construction projects and operations and the right MBA specialization can help attract lucrative salaries. Financial Institutions -Opportunities in financial institutions might involve roles in banking, investment management, financial analysis, risk assessment, or corporate finance. MBA in finance salary in India can be competitive, given the financial analysis and risk management skills required for the roles. Management Consulting -Graduates might work as consultants, providing strategic advice, market analysis, process optimization, or management solutions to various industries and businesses. They often earn well, providing strategic advice and cost-effective solutions to businesses. Information Technology -In the IT sector, opportunities can include roles in project management, IT consulting, software development, business analysis, or technology-related services across different industries. MBA professionals in IT can earn well by using their project management skills and driving technological innovation in businesses. Damco, Blue Dart, First Flight, GAIL, ONGC, and NHPC are among the major recruiters for Operations Management professionals in India. MBA average salary in India on the post of Operations Manager candidate is Rs. 802,000 per annum. Apart from Operations Manager, there are different MBA jobs as well which pay well. A management consultant gets an average of Rs. 1345,000 per annum. Source Checkout: Best Online MBA Courses in India 6. MBA in Management Consultant One of the most versatile job profiles, a career in management consulting will basically entail working with clients from several different professional industries from corporate to IT to investment banking, and several others. There are several facets to this job; it’s not just about solving your client’s problems but also about backing up your decisions or guidance with thorough analytical research and critical strategizing. Average Management consultant salary in India is Rs. 1,144,591 Per annum. EY, Accenture, Deloitte, KPMG, Infosys are some of the top recruiters. Source The location also determines the salary scale of Management Consultants. For instance, Management Consultants in Delhi earn about 21.0% more than the national average. The average annual salaries are also pretty high in Gurgaon (14.5% more) and Bangalore (9.8% more). Pune (24.1% less) and Chennai (12.6% less) record the lowest salary for Management Consultants. As for skills, a select few skills pay higher than the national average. These include Business Strategy, Business Analysis, and Project Management. Reputed companies like Accenture, Ernst & Young, PwC, Deloitte, KPMG, and Infosys, pay hefty yearly compensation to Management Consultants. Also visit upGrad’s Degree Counselling page for all undergraduate and postgraduate programs. 7. MBA in International Business  An MBA in International business can open up major pathways for you in the country and beyond; this obviously gives you an edge as the course familiarises you with global market demands and business trends. This is the reasons why entrepreneurs need an MBA degree also makes you a terrific business planner which eventually helps business development and growth. Some of the top roles open to MBA graduates in the field of international business are-   International Business Development Manager Responsible for identifying and developing business opportunities in global markets, creating strategies for market entry, forming partnerships, and expanding the company’s international presence. Global Marketing Manager In charge of developing and executing marketing strategies on a global scale, including market research, product localization, brand management, and advertising campaigns tailored to diverse international markets. International Financial Analyst Analyzes global economic trends, currency fluctuations, financial risks, and investment opportunities across different countries, providing insights to support financial decision-making for multinational corporations. International Supply Chain Manager Manages the global supply chain operations, optimizing logistics, procurement, inventory management, and distribution strategies across borders to ensure efficient and cost-effective movement of goods and services. International Trade and Compliance Manager Ensures compliance with international trade regulations, manages import/export processes and navigates legal complexities related to global trade agreements and customs regulations. Global Operations Manager Oversees operations in multiple countries, coordinating production, quality control, and supply chain activities to ensure consistency and efficiency in operations across different international locations. International Business Consultant Provides advisory services to companies expanding internationally, offering insights, strategies, and solutions to address challenges related to global expansion, market-entry, and cross-cultural management. Foreign Market Research Analyst Conducts market research on foreign markets, analyzing consumer behavior, market trends, and competitive landscapes to provide actionable insights for companies planning international expansion or market entry. According to payscale, average MBA in International business candidate salary is Rs. 788,000 per annum. TCS, JP Morgan, Standard Chartered Bank, Accenture & Capgemini are some of the top recruiters. Hope this brief discussion has helped you get an overview of which MBA specialization is best paid.  Future of MBA People often question whether MBA is still relevant or worth it in 2024; the answer is yes. As we move towards the future, the number of startups and business ventures keeps increasing. Hence, MBA can become more valuable than other mainstream degrees to succeed in such circumstances.  Due to the variety of courses that an MBA provides, starting from finance to analytics, the demand for MBA is expected to rise in the future. Earlier industries had no choice but to hire PHDs and post-graduates to manage data and analytical aspects. Unfortunately, coming from academia, they lacked practical knowledge and implementation. This is where MBA students get the lead.  MBA graduates can choose to specialize in multiple fields, such as finance, investment, analytics, and so forth while getting practical knowledge of the business based on their capabilities and interests. This increases their values from a business perspective. However, MBA can offer a wealth of advantages if it is done from a reputed institution.  Apart from that, for those who completed graduation in different subjects and now want to pursue their career in business yet have no practical knowledge or guidance in the field, MBA will be invaluable for them. Why These Days Startups Are Hiring MBAs? The top reasons why more startups are now eager to bring MBAs on board: 1. Strategic Thinking and Problem-Solving MBAs are known for their rigorous critical thinking, strategic planning, and problem-solving training. Startups often face complex challenges that require a well-thought-out approach. MBAs bring these skills to the table, helping startups navigate uncertainty and make informed decisions. 2. Business Acumen Startups need individuals who can quickly grasp the financial aspects of the business and make sound financial decisions. MBAs receive comprehensive finance, accounting, and economics training, making them valuable assets for startups looking to manage their resources efficiently and make data-driven financial choices. 3. Networking Opportunities Many MBA programs provide extensive networking opportunities. Startups can tap into this network to gain access to potential investors, advisors, mentors, and partners. MBAs often have connections to venture capitalists and angel investors, which can be instrumental in securing funding for startups. 4. Market Research and Analysis Understanding the market and target audience is crucial for startup success. MBAs are trained to conduct market research, analyze industry trends, and identify growth opportunities. This skill set helps startups fine-tune their business strategies and market positioning. 5. Leadership and Team Management Effective leadership is essential for startups to thrive. MBAs receive leadership and team management training, which is valuable for building and leading diverse teams in the fast-paced and dynamic startup environment. 6. Innovation and Entrepreneurship Many MBA programs now offer courses specifically focused on entrepreneurship and innovation. This education equips MBAs with the mindset and tools necessary to create, manage, and scale new ventures – skills that align with the goals of startups. 7. Access to Resources MBA programs often provide access to libraries, research databases, and other resources that can benefit startups. This access can be particularly valuable when conducting market research, analyzing competitors, or developing business plans. 8. Multidisciplinary Skills MBAs often possess various skills across various business functions, including marketing, operations, and human resources. This multidisciplinary knowledge is valuable for startups, which may have limited resources and require team members who can wear multiple hats. 9. Adaptability and Learning Agility MBA graduates are trained to adapt to changing business environments and embrace continuous learning. Startups operate in a volatile landscape where pivoting and adapting to new circumstances are often necessary. MBAs are well-prepared to handle these challenges. 10. Branding and Credibility MBAs can enhance a startup’s credibility, especially when dealing with potential investors, partners, or clients. The prestige associated with MBA programs can open doors and establish trust. 11. Global Perspective In an increasingly globalized world, startups may aspire to expand internationally. MBAs often have a global perspective and a better understanding of international markets, which can be invaluable for startups with global ambitions. 12. Business Development and Sales Skills Many MBA programs include coursework related to sales and business development. This expertise is critical for startups looking to scale quickly and acquire new customers. 13. Access to Talent Pool MBA programs attract a diverse group of students with various backgrounds and experiences. Startups can tap into this talent pool to find individuals with expertise in specific industries or markets. 14. Mentorship Potential Experienced MBAs may offer mentorship to startups, providing valuable guidance and insights. These mentorship relationships can be instrumental in helping startups navigate challenges and make informed decisions. 15. Long-Term Vision MBAs often bring a long-term perspective to startups, helping them set strategic goals and develop sustainable business models. This focus on long-term sustainability can be crucial for a startup’s survival and growth. Highest Paying Jobs for MBA Candidates Let’s talk about jobs which are offering the highest paying jobs after mba in India. These are not the only MBA jobs that pay high but are the ones where you can expect to be paid higher from the very beginning. It should be noted that despite an MBA degree, industry experience matters a lot in deciding compensation.  1. Investment Banker Investment bankers is one of the highest paid jobs after mba in finance that are involved in raising money in capital markets and providing financial advice for both private companies and the government. You can count on them to help out with mergers, acquisitions and staying informed about great investment options. Investment banking is the one of the highest MBA salary in India you can get. MBA graduates who wish to pursue this career path would have to choose their subjects with a focus on finance. And while the pressure might be immense, those who roll with it enjoy the job for the thrill of it all and the paycheck that comes with it. An average salary for MBA fresher in India as an investment banker earns around Rs.680,000 per year. Early career below 4 years experience earns approximately Rs. 870,000 per year. A mid-level employee with 5-9 years experience earns an average of Rs. 1,500,000 per year. An experienced investment banker with more than 10 years experience earns nothing less than Rs.3,000,000 per year. It is to be noted that this particular MBA jobs salary, unlike the others, has gone down by 37% and 16% for entry-level and early career, respectively, while showing a steep growth of 89% for mid-career. Source 2. Project Manager Most MBA graduates are hired as project managers in top companies. A project manager is required to be involved in all aspects of a project. Right from planning and strategizing to making financial projections and building a team, the complete and proper execution of a project rests in the hands of a project manager, and therefore, MBA graduates are usually the first choice. For this particular role, a Project Manager will need to have at least the following skillset – and the specificity of the project will decide which quality requires a greater focus: Effective communication skills Project managers must communicate efficiently and clearly with stakeholders, team members, clients, and others involved. They need to convey ideas, expectations, progress, and issues comprehensibly to ensure everyone is on the same page. Team building and motivation Building a cohesive and motivated team is crucial for project success. Project managers need to create a positive work environment, motivate team members, resolve conflicts, and foster collaboration to achieve project goals. Efficient Planning and Strategising Project Managers are responsible for planning project timelines, setting achievable goals, allocating resources effectively, and devising strategies to overcome obstacles. They need to develop comprehensive plans and adapt them as needed throughout the project lifecycle. Zeal for unparalleled growth Having a drive for continuous improvement and growth is essential. Project managers should seek innovative solutions, encourage innovation within the team, and constantly look for ways to enhance project efficiency and outcomes. Adequate financial understanding for projections, and more. Understanding financial aspects related to the project, such as budgeting, cost estimation, financial projections, and return on investment (ROI), is crucial. It helps make informed decisions and ensures the project stays within budgetary constraints. An entry level Project Management Manager earns around Rs.160,000 per year. Early career below 4 years experience earns approximately Rs. 480,000 per year. A mid-level employee with 5-9 years experience earns an average of Rs. 8,500,000 per year. An experienced investment banker with more than 10 years experience earns nothing less than Rs.1300,000 per year. Source 3. Consulting Business Consulting and Strategy Consulting are two of the hottest jobs in the market for MBA graduates and also the highest paid jobs after mba in finance. Forecasting trends, analysing numbers, pitching to the client and the demands of the job are quite exciting and varied. What’s more, there is a very well-defined career path to follow. Unlike Project Managers and Investment Banker jobs, salary after MBA in this field has seen some growth compared to last year. An entry level Business Consultant earns around Rs.437,000 per year. Early career below 4 years experience earns approximately Rs. 700,000 per year. A mid-level employee with 5-9 years experience earns an average of Rs. 1,050,000 per year. An experienced investment banker with more than 10 years experience earns nothing less than Rs.1360,000 per year. Source 4. Business Development Manager A role that allows you to put your best managerial skills forward lives up to that MBA fame. A business development manager is responsible for the planning and strategies that assist the growth and expansion of a business. An entry level Business Development Manager earns around Rs.340,000 per year. Early career below 4 years experience earns approximately Rs. 450,000 per year. A mid-level employee with 5-9 years experience earns an average of Rs. 700,000 per year. An experienced investment banker with more than 10 years experience earns nothing less than Rs.988,000 per year. Source 5. Marketing Manager With this job role, an MBA graduate will look after all the marketing efforts of a particular organization, whether it is online or offline, and will make sure that they get a fair return on their investment, based on whatever metrics are decided beforehand. Moreover, a Marketing Manager will also be responsible for designing, perhaps even planning and executing effective marketing strategies to propel the company forward. An entry level Marketing Manager earns around Rs.421,000 per year. Early career below 4 years experience earns approximately Rs. 510,000 per year. A mid-level employee with 5-9 years experience earns an average of Rs. 708,000 per year. An experienced investment banker with more than 10 years experience earns nothing less than Rs.980,000 per year. Source In brief it can be said that, consulting and marketing sectors are seeing some tremendous growth. Especially in the marketing sector, young talents are much appreciated, which makes it golden opportunity to get into this field right now. Learn MBA Courses from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career. Factors Affecting MBA Salary in India MBA degree salary is not uniform across the globe. MBA salary in India can be affected by multiple factors. Let’s see some primary salary affecting factors: Job Role Location Job Role Company MBA Salary in India: Based on Job Role Let’s see how the MBA salary in India varies based on the job role. Most professionals pursue an MBA to jump the corporate ladder up a few steps. If you are doing an MBA by staying in your current career path, you are most likely to end up in a middle management position. As per the reports, below are the MBA salaries for different job roles. Source The “Operations Manager” is the highest-paid role getting around Rs 744,930 – Rs 1,206,777. A Quality Control Manager gets approximately Rs 549,320 – Rs 877,720. There is a rising demand for Sales Managers and Marketing Manager, and both salaries range from Rs 450,000 to Rs 1,850,000. Accounts Manager get Rs 574,110 – Rs 1,267,777 while a Human Resource Manager gets Rs 508,220 – Rs 1,231,280. Project Managers are required in different fields like IT, construction, healthcare. Project managers at the middle management level get to draw anywhere between Rs 585,000 and Rs 1,815,000. With the IT sector booming and many IT companies starting up in India, IT manager with an MBA degree can demand salaries ranging from Rs 545,000 to Rs 1,200,000. Business Development Manager is yet another role that is high in demand right now with salaries ranging from Rs 475,000 – Rs 845,000. Business Analyst gets to draw around Rs 500,0000 – Rs 950,000. Featured Program for you: MBA from Golden Gate University Procurement, Purchase, or Vendor Management folks in the middle management level may get anything between Rs 445,000 to Rs 880,000. Though limited to the pharmaceutical industry, Pharma Product Manager is another job role that draws handsome figures ranging from Rs 450,000 – Rs 1,050,000. MBA Salary in India: Based on Location Let’s see how the MBA salary in India varies based on location. Though MBA salaries depend on the job role, different cities are seen to be offering different salaries based on the cost of living and the value of the market. Gurgaon, Haryana is the highest paying market with MBA graduates being offered salaries averaging Rs 750,000. Bangalore, the Silicon Valley of India, is the second most paying market, with MBA graduates being offered salaries averaging Rs 730,000. In Mumbai, MBA graduates get an average salary of Rs 732,000, while in Delhi, around Rs 690,000 is given. What is the best time to do an MBA? Chennai and Pune are comparable offering MBA graduates a salary of Rs 600,000 and Rs 620,000, respectively. As per the reports, MBA graduates in Hyderabad get the lowest average wages, i.e., around Rs 590,000 Source MBA Salary in India: Based on Experience Let’s see how MBA salary in India varies based on experience. MBA salaries in India will depend on your experience level. The higher you go up on the ladder, your experience increases, and you are paid higher. Early Career MBA Salary In India The average salary of entry-level MBA salary in India is of Rs 290,000. But with just 1 to 4 years experience, Early career MBA Salary in India can grow up to Rs 390,000 or more. Generally, the salary of MBA graduates in India grows up exponentially with experience. Mid-level MBA Salary in India So, if you have 5 to 9 years of experience, mid-level MBA Salary in India can rise to Rs 720,000 Experienced MBA Salary in India If you have 10 to 19 years of experience, your average MBA Salary is Rs 1,400,000. If you are 20 years of experience or more, your average MBA salary in India give in to the senior level of management like director, senior director, Vice President, and the salaries offered average at Rs 2,550,000. These are just the average salaries, but if you have the niche domain skills with excellent exposure to the working environment, you can demand much higher than these averages. Source These are the major factors impacting MBA jobs salary. However, the institution you choose also plays a massive role in opening up new opportunities, if you are just setting out. MBA Salary in India: Top Recruiters MBA jobs salary widely differ if you plan to settle aboard. Let’s see how the MBA salary in India varies based on the recruiter. Depending on the revenue and requirement of the company, some of them pay higher. For example, big giants like Amazon and Facebook tend to say that they are a technology firm, and there is no value that an MBA graduate can add to them. While companies like Microsoft and DELL value the technical, management, and leadership skills that an MBA graduate possesses and are ready to pay them higher. Source Let’s look at a list of companies that pay high for MBA graduates in India. Engineers India tops the list with MBA graduates getting from Rs 860,168 to Rs 2,800,000 per annum. Larsen & Toubro (L&T) pays anywhere from Rs 840,320 to Rs 2,480,940. Hindustan Unilever, Asian Paints, Whirlpool are companies that value MBA degree and pay salaries ranging from Rs 780,000 to Rs 2,000,000. Amazon though hires fewer people to management, still pays Rs 815,000 – Rs 1,930,000 for MBA graduates. Besides these, there are several IT firms and startup companies the pay lump sum figures to MBA graduates from entry-level to senior-level positions. In the IT industry, a Vice President (VP) is usually offered a whopping 70L to 1 Cr annual package. MBA Salary in Other Countries Let’s look at the MBA salary in other countries: MBA Salary in The UK: $88,000 Source MBA Salary in The US: £52,000 Source 3 Top Reasons You Should Pursue MBA Apart from the fact that your salary after MBA will get a significant boost, here are some other reasons why you should go for an MBA. Rise Above Entry Barriers Several blue-chip organizations take only MBA graduates (even at its entry-level positions) in its hiring policy. Such organizations promote a costly development scenario where you can quickly move up the ladder once you’re in! Learn High-End Management Skills MBA applicants are considerably younger in their starting and come with a maximum of two years of professional experience. An MBA specialization would help you know the Nuances of the company’s operations. Going Places – Literally! If you’ve always wanted to work in new places, then choosing a good MBA program can be a great start to a long term view of settling down in a home for work post-graduation. Apart from the high MBA salary in India, this is definitely a deal-maker. 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 MBA is in high demand in India, with the economy rising at a fast pace.  The whopping salaries mentioned above are proofs for the same. Many companies are establishing their base in India. Most of them need MBA graduates to their leadership and management levels. These companies are mainly from the IT sector and others like consumer goods, financial services, and consulting. We hope you liked our article on MBA salary in India. These numbers above are not set in stone. The real influencer of your salary is the skills you have, the mastery you have attained over them, and how quickly you grow and make the company grow as well. So here, we have discussed the average MBA salary in India looking at it from different angles. We hope this article has shared some excellent insights into MBA salary trends prevailing in India.  If you are keen on upgrading your career with an Executive MBA course, upGrad is offering the MBA from Liverpool Business School. And the cherry on top – upGrad’s excellent flexible and interactive learning and evaluation systems allows you to balance your personal and professional life in a hassle-free manner. Check out for more information & let our student counselor help you with your questions.
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by Rahul Karthikeyan

17 Feb 2024

Top 10 Highest Paying IT Certifications in India in 2024 [Astonishing]
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Summary: In this article, you will learn about the top 10 highest-paying IT certifications in India. Take a glimpse below. Business Intelligence (BI) Big Data and Data Science Project Management Web Development Software Development DevOps Blockchain  Cloud Computing Cybersecurity Machine Learning & Artificial Intelligence Read the complete article to know more in detail. Nearly 75% of the global digital talent is in India, making the country a hub for IT services. The core competencies and strengths of the workforce have also attracted significant FDI inflows. From the industry perspective, leading tech firms are accelerating their R&D efforts and innovation to create differentiated offerings. And major government initiatives are providing a much-needed impetus to the industry. Check out our free courses to get an edge over the competition. Therefore, the demand for skilled professionals and specialists is on the rise. In this article, we will be discussing some of the top-paying IT certifications that can help you build a competitive profile with the desired aptitude. IT field is rising because of its applied significance in the industry as it is projected to grow to US$ 19.93 billion by 2025 IT is not restricted to only one domain where the employment seems to be crowded rather it has multiple sub-domains under it where each sub-domain is serving an important purpose to solve the business problems, some of the sub-domains are mentioned below. Digital transformation can be said to be the reason behind the IT sector’s growth. The world was going digital at its own pace but after the pandemic, there was a sudden shift of operations to digital. With this came the need to digitally operate the tasks smoothly and as a result, various new jobs in IT were created. It sector would continue to be growing as the businesses are now evolving because of artificial intelligence and as the organisations grow they seek to achieve automation, more data handling, insights for business decision making, etc. The professionals are bestowed with the responsibility of handling these important tasks and that’s another reason why the IT sector is growing.  The IT industry has various advantages that it serves, such as- Accuracy Time efficient Cost efficient Faster decision making Security enhancement Flexibility Profitability Enhanced productivity Real-time Data An accredited certification program can prove immensely useful if you contemplate a career transition or simply want to stand out in the competitive job market. It is a recognition of your technical competency and professional commitment. You can also consider doing our Management Essentials Bootcamp if you are interested. Learners receive an average Salary hike of 58% with the highest being up to 400%. Best IT Certifications in 2024 1. Business Intelligence (BI) The significance of BI in making data-driven decisions is growing across industries in today’s technology-led environment. Modern workplaces have an increasing demand for skilled personnel who can handle analysis and data modeling. These tasks involve working with central warehouses and databases and extracting data for reporting, among other purposes.  With a BI certification, IT professionals can fine-tune their skills in data planning, metadata systems development, ERP, systems analysis, programming, and technology management. Typically, the credential demonstrates one’s competency in data management, building dashboards (using relational data and uploaded files), and managing advanced reports. Some of the prominent options include: Microsoft BI IBM Cognos Analytics Tableau Training and Certification SAS Certification Informatica ETL Certification Aspirants who wish to master Business Intelligence can take up short-term certification courses like the Business Analytics Certification Program. This program covers topics like Predictive Modelling and Statistics & Optimisation, along with case studies and projects, to help students build real-world skills. Such certifications prepare you for roles like Business Analyst, Data Analyst, and other senior-level management roles in a company. BI is growing as the volume of data the organisations are dealing with on a day-to-day basis. This data needs to be documented and interpreted well in order for the organsiation to grow. To analyse this data in order to make effective decisions that are good for the business, it is important for the organisations to have those professionals who have the knack for business intelligence. As these BI professionals through their accurate and quick interpretations help the organisations to achieve profitability as well as move to smarter decisions. The Business Intelligence skill has a process of functioning, one needs to polish these skills in order to be good at it. Some of those skills are depicted below- Business Intelligence is a high-paying career, which is reflected in the competitive salary it pays. The salary ranges from 2.5 LPA to 28.3 LPA and the average salary is 8.0 LPA. With the increasing experience, the salary grows and the constant upskilling is definitely the major driving factor behind it as well. That is why it is highly recommended to invest the time into top paying IT certifications. 2. Big Data and Data Science The curriculum of big data certifications emphasizes on building the candidates’ foundational knowledge in the following areas: Overview of data science Mathematical and statistical applications (such as Python and R) Data visualization and using predictive analytics Techniques of classification, clustering, regression, evaluation, anomaly detection, and many others Big data analytics using Hadoop, Spark, Hive, Impala, etc.  upGrad has three excellent data science certification programs – PG Certification in Data Science, PG Diploma in Data Science, and Master of Data Science. These certifications range from 7 – 18 months, encompassing topics like Python Programming, Predictive Analytics, Machine Learning, Data Visualization, Basic & Advanced SQL, Basic & Advanced Machine Learning Algorithms, and Big Data Analytics.  After completing such certifications, you’ll be eligible for roles like Data Scientist, ML Engineer, Data Analyst, Product Analyst, Business Analyst, Data Engineer, Product Analyst, and Machine Learning Engineer. Big Data and Data Science are in demand field because of their significance in the growing industry. Companies today use big data in order to improve their businesses such as to provide better customer experience, and operations, personalise the products, target the customers through marketing campaigns, etc. These actions need to be performed in a quicker manner in order to deliver the results on a real-time basis. Similarly, Data Science is also in huge demand due to the capability it gives businesses to analyse and track the data. Data is the new oil and it begins from one click to the huge sets of data that companies require to track, analsye, and serve their customers. Both Data Science and Big Data Analytics are high-paying careers. The average salary of a data scientist is 10.5 LPA 3. Project Management The project management scope includes strategic design, project planning, budget management, program implementation, and reporting. Since project management is a crucial component of the business infrastructure, project management certifications have become a popular choice, both among students and professionals. Project management courses like PG Program in Management and Job Linked Management Program with PGP teach students concepts like Business Growth Strategies, Marketing Strategies, Leadership, Structured Thinking, Problem Solving, Interpersonal and Communication Skills, Strategic Thinking, and Time Management and Project Management Skills.  Usually, such courses offer integrated learning options through live projects, case studies, and industry-partnered content. IT professionals can sign up for a project management certification to advance their careers. Here are some examples of potential job titles: Associate Project Manager Certified Project Manager Certified Project Director Agile Certified Practitioner Many Project Leads to working in the IT industry also take up certification in product management. These courses typically cover the technicalities of product planning, market research, product development, and user design. If you want to occupy positions like Product Head and Product Marketing Manager, you can look at this option. like Product Head and Product Marketing Manager, you can look at this option. The project manager is an upcoming field, which is a chance to get a fat paycheck in tech fields for people coming from a non-tech background. There are certain advantages to project management, such as- Timeline management Budget management Stakeholders satisfaction Risk Management Quality Control Resource Allocations Documentation 4. Web Development If you want to become a web developer or designer, you would need to be well-versed in HTML, CSS, and JS. You can master these languages with the help of online tutorials and pursue online courses to differentiate your candidature for specific job posts. Adobe, Google, Zend, and Microsoft have individual certified tracks for web developers, PHP engineers, and solutions developers.  Besides development and design, some web development certifications focus on Angular and React training, which entails creating dynamic web pages and UI components.  Web development courses like PGC in Full Stack Development and PG Diploma in Full Stack Development are two fantastic options for people who wish to master web development. These courses teach candidates to build robust and scalable websites, back-end APIs, and rich and interactive Web UIs. Students also learn about Data Structures and Algorithms, Java programming best practices, HTML, CSS, Javascript, Object-Oriented Analysis & Design, Object-Oriented Programming, Design Principles, SQL, Oracle, Test-Driven Development, and DOM Manipulation, to name a few. What’s best is that candidates get placement opportunities and job interviews with reputed companies! Web development is one of the highest-paying careers in the IT world. The Bureau of Labour Statistics has projected the web development industry to grow by 8% from 2019-2029 (Source). There are various types of web applications some of them are mentioned below- E-commerce Apps Content Management or CMS Web App Portal Web Apps There are big giant companies that recruit web developers such as TCS, Accenture, Wipro, IBM, etc. There is a reason why web development is considered one of the highest paying IT certifications. 5. Software Development IT professionals looking to enter software development careers should not overlook the importance of having programming dexterity. Some examples of popular and in-demand programming languages are Python, Java, C#, R, SAS, Scala, Swift, JavaScript, and TypeScript. Having professional certifications in multiple programming languages can help you showcase your preparedness for: Writing efficient computer programs, and Building high-quality mobile and web applications.  upGrad offers a Advanced Certificate Programme in Big Data from IIIT Bangalore.with a special focus on Big Data. Needless to say, this course is extremely relevant to the modern data-driven industry. Data Processing, Data Warehousing, Real-time Processing, Big Data Processing on the Cloud, and Big Data Analytics, are some of the areas covered in this comprehensive course. By completing this course, you’ll be ready to take on roles like Big Data Engineer, Big Data Architect, and Big Data Analyst.  The Software Development market is expected to grow to 21% by 2028 . Today the software industry has become an indispensable resource as software is required in every field today and this amounts to software development becoming high-paying and in demand. Software development is important because it helps in testing, developing, maintaining, fixing, and securing the applications.  There is no shortage of big companies recruiting the software developers, such as LinkedIn, Google, Indeed, etc. A software developer gets a good paycheck, the average salary of a software developer is 5.0 LPA and the salary ranges from 2.2 LPA to 12.5 LPA. The developers get more than that as well but there are various contributing factors to it such as their experience, skillsets, projects are undertaken, and upskilling history.  Also visit upGrad’s Degree Counselling page for all undergraduate and postgraduate programs. 6. DevOps DevOps involves going beyond the traditional practices of software development and infrastructure management. It is concerned with delivering applications and services in a fast-paced setup, thus responding to the demands of the evolving world of tech. Here is a snapshot of the takeaways from a standard DevOps certification: Agile methodology (for integration and deployment of applications) Creation of the Software Development Life Cycle of SDLC SDLC as a process CI/CD pipeline for automating software delivery Additionally, DevOps comprises multiple tools like Jenkins, Puppet, Docker, Kubernetes, and Chef. So, beginners can opt for distinctive certifications, such as Jenkins Engineer, Puppet System Administrator, Chef Developer, and so on.  Graduates from Engineering and Computer Science background can opt for PG Diploma in Software Development (DevOps specialization). The course guarantees job interviews and exclusive access to upGrad’s Data Science & Machine Learning content, completely free! Students get to learn about Agile Methodology for Integration & Deployment, Software Lifecycle, SDLC Processes, and CICD Pipeline. Candidates are encouraged to work with more than ten programming languages and tools. On completion, they receive the status of IIIT-B Alumni.  DevOps market is expected to US$ 37,227 million dollar by 2030.  DevOps facilitates organisations and delivers high-quality products at a faster pace. It is important to the business environment in today’s age as it provides an environment filled with easy collaboration, faster communication, and integration among the IT teams across the geographies. Big companies like Netflix, Google, Amazon, Flipkart, etc have a robust DevOps ecosystem. DevOps is considered to be a high-paying career where the average salary of a DevOps Engineer is 6.0 LPA and the salary ranges from the4.2 LPA to 12.2 LPA. The engineers do get higher salaries than this as well owing to their experience, skills, and upskilling. 7. Blockchain  A Blockchain certification coursework aims to equip tech practitioners with a basic understanding of Blockchain technology, how it functions, and what are its core concepts. Although Blockchain is a relatively new technology, the demand for skilled Blockchain experts is at an all-time high in the present industry. Short-term certification courses like PG Certificate in Blockchain Technology and Executive Program in Blockchain Technology Management are great for both students and working professionals. Whether you are a fresh engineering graduate or already working in a tech company, you can enroll in a certification program to validate your network administration skills.  These courses teach you how to approach real-world business problems by thinking like a Blockchain Consultant. You will learn how to use Blockchain tools like Ethereum, Hyperledger, Fabric, Composer, Advance JavaScript, and NodeJS. Also, you will learn how to develop Smart Contracts.  Blockchain is a highly demanded field where the industry is expected to grow to 163.83 billion by 2029. The reason why the blockchain is in demand is that it gives users to do transactions that are secure and are used for other purposes as well. The industry demand for blockchain developers is BFSI, Healthcare, SCM, etc. Majorly its scope is in the cybersecurity sector to keep the space safe The encryption of data in the blockchain is done through cryptography which eliminates the chances of unauthorized access and malfunctions.  It is a high-paying field where the average salary of a blockchain developer is 6.5 LPA and the salary ranges from 2.3 LPA to 20.9 LPA. The developers get a salary more than this as well which owes to the developers’ experience, skillset, and upskilling history. 8. Cloud Computing Training in cloud computing stresses on building expertise in Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, etc. upGrad’s PG Diploma with specialization in Cloud Computing is a great choice for IT Professionals, Project Leads/Managers, Data Professionals, and Software Developers. The course that spans for 12 months teaches on matters like Cloud Infrastructure, Services, and Business, Virtualization, Virtual Machines, Microservices, Cloud-Native Applications, and much more. Apart from this, the course includes real-world projects and assignments.  The common thread of all cloud computing certification programs is cloud development skills. You would generally learn about cloud infrastructure and services in postgraduate level courses, virtual machines, microservices, and non-native applications. With this knowledge, you can qualify for the posts given below. Cloud Engineer Cloud Architect Cloud Software Developer Cloud Administrator Cloud Computing is expected to grow to USD 791.48 billion in 2028 (Source). With organisations taking the online route, the need to have robust software has become a necessity. Cloud computing has made the response time for companies quicker and more accurate. With the rising trends and growing market, the companies need to respond to the trends quickly to keep up with the market trends. And cloud computing integrates these resources which are available in the span of a few minutes. It is reliable, cost-effective, budget-friendly, and provides efficient storage of data. It is a high-paying career that provides the cloud engineer with an average salary of 5.4 LPA and the salary ranges between 3.0 LPA to 12.8 LPA. The engineers could get more salary than what is mentioned owing to their experience and upskilling history. 9. Cybersecurity A cybersecurity certification can supplement your resume’s qualifications with specialized learning in subjects like cryptography, computer networks, and application security. The PG Diploma with specialization in Cybersecurity is a 12-month course that focuses on Application Security, Data Secrecy, Cryptography, Network Security, and other cybersecurity-related concepts and skills. This is an ideal certification for candidates who aspire to be Cybersecurity Expert or Cybersecurity Engineer.  Software developers, tech managers, testing, and coding professionals find this course of study relevant to their line of work. Those interested in becoming cybersecurity experts or cybersecurity engineers can also earn credentials like CISSP, CISM, CEH, CISA.  The cybersecurity market is expected to grow to 376.32 billion by 2029. With the advent of the online movement of organisations, the need to protect the data become pertinent. The digital infrastructure of the companies needs to be protected from unauthorised access and security. Cybersecurity is not only important for businesses but also of major importance for the nation as well. Data of all sorts need to be protected from theft and misuse. To protect the data, there is a need for professionals who are skilled in cybersecurity. This domain is important globally and is continuously growing. 10. Machine Learning & Artificial Intelligence Leading tech advisory firm Gartner claims that data analytics combined with AI will be paramount in the aftermath of COVID-19. Proactive prediction, preparation, and response to sudden outbreaks and disasters would require the best technological applications. But currently, there is a shortage of talent in the ML and AI space. So, getting a hands-on experience of these concepts can help you accelerate your career.  Advanced certifications are well-suited for professionals having acquaintance with any programming language. upGrad’s PG Diploma in Machine learning and AI and Master of Science in Machine Learning and AI are two such certification courses that can help you master ML and AI concepts. The course curriculum includes a mix of theoretical and practical topics such as Statistics and Exploratory Data Analytics, Machine Learning, Deep Learning, Reinforcement Learning, Natural Language Processing. Students will also work on Deployment and Capstone projects. Since they’ll learn from the leading instructors and industry experts, they’ll be equipped to enter the real-world right after course completion. In addition to this, upGrad also offers a coveted certification from the world-renowned IIT Delhi through its Advanced Certificate Programme in Machine Learning spanning 7 months. By dedicating 4 to 6 six hours per week for 30 weeks, students can develop a strong understanding of ML and data mining models and leverage the knowledge to solve real-world problems through useful data insights. In this self-paced learning environment, you interact with top ML faculties from IITD who are committed to providing you a meaningful learning experience. The course covers core data science subjects like Unsupervised Learning, Supervised Learning, Large Scale Machine Learning, Querying and Indexing, Data Streams, and Introduction to Deep Learning. There are also 3 assignments built into the course for hands-on experience in implementing ML algorithms and concepts. The Artificial Intelligence market is expected to grow at a compound annual growth rate (CAGR) of 38.1% from 2022 to 2030 (Source).AI and ML are useful for mostly every field such as healthcare, BFSI, marketing, etc. It brings precision, accuracy, and productivity to the industry. With the big data becomes the need to lessen the scope of inaccuracy and this is also where the AI/ ML is helpful as it increases the automation in the operations. In the data-driven models, the AI and ML algorithms quickly analyse the data at a large scale bringing effective results. This is a high-paying industry, as the ML Engineer procures a salary of 7.3 LPA on average, and the salary ranges between 3.5 LPA to 21.1 LPA. With more scope for upskilling one can increase their salary bracket faster.  Check out the IIT Delhi courses.  Why should you consider IT certifications in the year 2024? In today’s rapidly evolving technological landscape, doing top IT courses in India has become a valuable and strategic step for professionals seeking to advance their careers and stay relevant. These certifications prove your skills, knowledge, and commitment to continuous learning. Here are several compelling reasons why you should consider pursuing top IT courses in India. 1. Validation of Expertise Best it courses in India provide third-party validation of your skills and expertise in specific technologies, platforms, or methodologies. They demonstrate to employers and clients that you possess the necessary knowledge to excel. 2. Career Advancement Many organizations require or prefer candidates with relevant certifications when filling advanced positions. These certifications can open doors to promotions, higher salaries, and increased responsibilities, enabling you to climb the career ladder more swiftly. 3. Industry Recognition Certifications are often recognized and respected within the industry. They showcase your dedication to staying current with industry trends and best practices, boosting your professional reputation. 4. Competitive Edge In a competitive job market, certifications can give you an edge over other candidates who lack them. They provide a clear differentiator that can help your resume stand out. 5. Skill Enhancement Preparing for and obtaining certifications requires in-depth studying and practical experience. This process deepens your understanding of the subject matter and enhances your skills, making you more proficient. 6. Adaptation to Technological Changes It is a rapidly evolving field with new technologies emerging frequently. Certifications require you to stay up-to-date with the latest developments, ensuring your skills remain relevant and applicable. 7. Global Recognition Many top IT courses in India are recognized internationally, making them valuable if you want to work in different countries or collaborate on global projects. 8. Client Confidence For consultants or freelancers, certifications can instill confidence in clients. They can be reassured that you possess the required knowledge to deliver high-quality work. 9. Structured Learning Path Many certification programs offer a structured curriculum that guides your learning journey. This can be especially helpful if you want to learn systematically and comprehensively. 10. Networking Opportunities Certification programs often have associated communities, forums, and events where you can connect with fellow professionals, share insights, and learn from others’ experiences. 11. Resume Enhancement Certifications can significantly bolster your resume, showcasing your professional growth and development commitment. This can be particularly beneficial for those transitioning into the IT field from other industries. 12. Employer Investment In many cases, employers are willing to sponsor or reimburse the cost of certifications. This underscores their commitment to employee development and can reduce your financial burden. 13. Higher Earning Potential According to various studies, certified professionals earn higher salaries than their non-certified counterparts. This increase in earning potential can make the certification investment well worth it. 14. Specialization Best it courses in India often allow you to specialize in areas such as Cybersecurity, cloud computing, data analytics, and more. This specialization can lead to niche roles and exciting opportunities. 15. Personal Fulfillment Acquiring certifications can be personally fulfilling. It’s a tangible achievement representing your dedication to mastering a particular technology or skill set. IT certifications benefit your professional growth, marketability, and long-term success. They validate your skills, provide a competitive edge, and keep you current in an ever-changing field. By investing in certifications, you invest in yourself, positioning yourself as a knowledgeable and valuable asset within the IT industry. Essential IT Skills to Master in 2024 A report by the Ministry of Electronics & IT and McKinsey projects India’s digital economy to reach USD one trillion by 2025. On the services front of the economy, the IT sector is also one of the largest contributors to export. According to NASSCOM, the industry is experiencing year-on-year growth of about 7 percent.  Moreover, the tech industry currently employs a significant chunk of the country’s workforce and is expected to add more jobs in the coming years. Some global IT giants like HCL, Cisco, Accenture, IBM, and TCS hire certified professionals for various prestigious tech roles.  Here are some of the standard requirements of these careers: Python Mobile development UX design Amazon web services Virtual reality Internet of Things (IoT) Analytical reasoning Business analysis Artificial intelligence Blockchain Organizational and communication skills With this, we come to an end of our discussion on the best IT certifications 2024. Each one of these courses is an excellent learning option for beginners and working professionals. Happy learning!  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]
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by Rahul Karthikeyan

13 Sep 2023

How to Answer “Why MBA after Engineering?” [Both Short & Detailed Answers]
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Have you ever been part of an interview where you were stumped about how to answer “why MBA after Engineering?” In this article, we have compiled the best answers for why an MBA after Engineering. It also highlights some of the best answers for can we do MBA after BTech. Yes, the most direct and straightforward answer would be that, after years of studying technology, you are now looking to create solutions in the form of machines that enable life to become easier. An MBA is an essential degree required to escalate your professional life with requisite managerial and leadership skills. Source Your BTech degree has already enabled you with the technical armory, but pestering relatives will keep asking “why MBA after Engineering?” The best answer for why MBA after engineering will be that it will further empower you to lead in managerial fields, making you doubly armed in technical and managerial aspects. Today, the job market is brimming with students like you who have attained their basic qualification of technology. It is, however, not a great platform to progress in your career. When companies hire, they prefer candidates who have a specialization and can lead to managerial tasks. Therefore, you have to be prepared with how to answer “why MBA after engineering?” to make the employer confident about their decision to hire you. Learn MBA Courses from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career. While applying for an MBA course is not easy, your BTech degree makes you eligible. However, top universities often have their criteria in areas such as GPA scores and work experience. One of the best answers for “why MBA after engineering” is that it has a holistic syllabus directed to create job-ready candidates who can handle all kinds of situations in any business environment. You could also mention that you are excited to learn from a syllabus that is designed to impart students with lessons in topics such as accounting and finance, business analytics, and human resources. Read more: Why MBA after B.Tech? 5 Practical Reasons So, how to answer “why MBA after Engineering?”  Top Reasons For Why MBA After Engineering 1. To enhance your managerial skills As a qualified engineer, you already have an in-depth understanding of how to utilize technology. While your study has sharpened your logical reasoning and rationale, an MBA kick starts you to resolve real-world issues. It will help you identify and improve on communication, allocate and manage human resources, and efficiently devise time management. These critical skills will come handy when you lead in any managerial enterprise. Moreover, the pay package also heightens with an engineering-MBA combination and acts as a motivation towards productivity. Do mention that as an engineering student, you will be able to strategize and systematize business structures better. Our learners also read: MBA job opportunities! 2. To develop business ideas Highlight that an MBA helps an engineering student to envision a deeper perspective towards complicated work-related problems. In a real-world business environment, an MBA will arm you with strategies to solve problems. This is why most colleges ask for work experience before joining the MBA program. The cohort is a great place to exchange ideas of practical problems and solve them with new and creative theories. 3. To step-up your career It is common knowledge that an engineering education followed by an MBA escalates your career. With the required managerial skills, engineers can rise higher in the hierarchy into supervisory and visionary roles. If you only had an Engineering background, it would take you years to reach the pinnacle of corporate success. Read: Check out the Scope of MBA for IT professionals. 4. For personality development If, as an engineering student, you have chosen to undertake an MBA course, mention that you look forward to developing into a future leader. An MBA course structure gives a lot of importance to presentations and projects, group discussions, and visits to industry sites, which in turn hones your personality by developing confidence and building you into an effective communicator – all skills necessary to become a leader. Additionally, as engineering students, extensive networking will help you gain a varied perspective concerning business problems. Naturally, such exposure allows the student to increase their intellectual and cultural horizons. 5. A Gateway For Entrepreneurs Yet another reason why MBA after engineering is considered to be extremely beneficial as it gives you an upper hand in learning how to conduct a streamlined business. MBA has been the stepping stone to successful careers for many entrepreneurs. An MBA degree gives you all the necessary knowledge required for managing finances, planning, executing, and organizing. 6. No Age Limit Last but not least, perhaps one of the biggest reasons why MBA after engineering is sought-after so much is its unlimited age limit. Anyone, at any point in their life, can easily enroll in an MBA and can land their dream job with the right steps. Be it a student who is looking for a career upgrade or an engineering graduate who, after working for a few years, has decided to pursue MBA, the list goes on.  Read: Career Options After MBA Which specialization is best in MBA after engineering? If you are an engineer and pondering can I do MBA after MTech and want to take your career to new heights? Pursuing an MBA after MTech is the perfect option. Engineering graduates can choose the following specializations MBA after mechanical engineering and MTech based on their interests, skills and career goals: Business Analytics: Turning Data into Actionable Insights Companies all around the world are pouring funds into analytics to gather and extract insights from the 2.5 quintillion bytes of data devised every day. To address this issue, businesses hire data professionals to understand the technical elements of analytics and data and their applications. It is an ideal specialization for engineers as it combines their technical expertise with the ability to make data-driven decisions.   Job Profiles in MBA after Mtech: Data Scientist Business Analyst Analytics Manager Data Engineer Market Research Analyst MBA after engineering salary: According to PayScale, Business analysts can expect an average salary of INR 605,143 yearly. Operations and Supply Chain Management: Optimizing Efficiency and Productivity The specialization focuses on improving the efficiency and productivity of business operations. It necessitates an in-depth understanding of product creation, design, and process optimization. It assists students to acquire a set of general procedures and strategies for proper management of production and quality.  Job Profiles in MBA after Mechanical Engineering: Operations Manager Quality Control Manager Project Manager Logistics Manager Salary: According to Payscale, professionals in the field of Operations and Supply Chain Management can earn an average salary of INR 943,036.  Finance: Navigating the World of Investments and Financial Management  An MBA in Finance equips engineers with the financial knowledge and analytical skills necessary to make informed business decisions. This specialization is attractive for engineers interested in the investments and financial management domain. Job Profiles: Financial Analyst Corporate Finance Manager Investment Banker Risk Manager Chief Financial Officer (CFO) Salary: According to Payscale, financial analyst professionals can expect an average salary of ₹481,684 annually. Marketing: Bridging the Gap between Engineering and Consumer Behavior Engineers with a specialization in Marketing can leverage their analytical and problem-solving skills to understand consumer behavior and develop effective marketing strategies. This specialization opens up opportunities in product management, brand management, and market research.  Job Profiles: Product Manager Brand Manager Market Research Analyst Digital Marketing Manager Sales Manager MBA after engineering salary: According to Payscale, marketing managers in India make an average salary of ₹702,935 yearly. International Business: Navigating the Global Arena With globalization on the rise, an MBA in International Business equips engineers with the skills to navigate the complexities of the global market. This specialization focuses on international trade, cross-cultural management, and global business strategies.  Job Profiles: International Business Consultant Export Manager Global Sourcing Manager International Marketing Manager International Trade Analyst MBA after engineering salary: According to PayScale, International marketing managers earn ₹900,000 yearly. Consulting: Providing Strategic Advice to Businesses Consulting is a highly sought-after field that offers engineers the opportunity to work with top-tier companies and provide strategic advice on various business challenges. This specialization requires strong analytical and problem-solving skills, ideal choice for engineers.  Job Profiles in MBA after Mtech: Management Consultant Strategy Consultant Operations Consultant Technology Consultant Financial Consultant Salary: According to Payscale, professionals in the field of financial Consulting can expect an average salary of INR ₹712,407. Jobs you can join if you can answer “why MBA after engineering?” As an engineer and MBA holder, you could try out various jobs.  Source Your interview answer would matter, but the degree combination will open up avenues in high posts, such as: Private Equity Market Data Analytics Information Technology Human Resource Management Finance Head Head of Marketing and Sales How to answer “why MBA after engineering?” Suppose you are still looking for the best answers for why MBA after Engineering, we have a gist for you. As engineers with comprehensive technical know-how, getting a job in your core specialization like civil, electronics, mechanical or computer feels like the right answer. However, midway into your career, there will come a time when you will have exhausted your knowledge as a technical specialist. Your career growth will reach a point where the ‘curve will flatten’ (to borrow a phrase from Covid19 times), and there will be no further scope of rising. At this point, any management skills will add to your technical armory. An MBA degree will help you to connect the dots between science, technology, engineering, and a professional who can handle the human elements of a business environment. It will prepare you to give the best interview answers, become an efficient communicator to lead your team, overcome challenges, innovate resolutions to technical problems and be able to place it in the right space in the real market. Once you are a skilled leader with the requisite engineering learning and leadership skills needed for any business, you will be able to successfully bridge the connection in these areas and take off for individual and community success. We hope you have found out how to answer “why MBA after engineering?” Thus, as an engineer, you will collaborate with other business leaders and integrate into successful management roles. Also Read: What is the Best Time to do an MBA in India? Wrapping up What is it that you are waiting for? Why not get ready with all the confidence and will to make the difference to get you that job you have been eagerly waiting and gearing up for!  If you are keen on upgrading your career with an Executive MBA course, upGrad is offering the MBA from Liverpool Business School. And the cherry on top – upGrad’s excellent flexible and interactive learning and evaluation systems allows you to balance your personal and professional life in a hassle-free manner. Check out for more information & let our student counselor help you with your questions.
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by Rahul Karthikeyan

30 Aug 2023

24 Things To Do in Quarantine – For Professional Growth
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“Crisis either causes regress or progress depending on the will of the people.” ― Abhijit Naskar (Neuroscientist, Author, Speaker) As the grasp of coronavirus continues to increase exponentially across the globe, people everywhere are forced to stay within the confines of their homes. According to Google, mobility trends for places of residence has increased by 30% compared to baseline. Now that all public spaces are closed to us (including offices, educational institutes, malls, shops, and parks), and we are stuck inside, it is easy to become a victim of overthinking and depression. With all that’s going around the world right now, we cannot help but feel blue. As countries around the world are putting up a steady fight against the pandemic, we are all fighting our own battles. And that’s precisely why we have to take charge of our lives and health (both physical and mental) and find productive ways to stay engaged during this home quarantine phase.   Since we still have a long way to go in this uphill battle, why not take this self-quarantine as a blessing instead of a bane and turn it into something good? Why not invest your time on productive things and energy into creating a productive atmosphere in your home? We have gathered up a list of productive things to do in quarantine to make your lockdown time little fun and productive, if not easy!  Let’s talk about some productive things to do in quarantine that can help you grow professionally. Instead of considering this quarantine as free time, let’s take this as a time for ourselves that we are hard-pressed to find in our everyday lives. Things to do for better career options 1. Take up a machine learning course Another hot trend in the industry right now is Artificial Intelligence and Machine Learning. ML is fast becoming a staple in mainstream tech and business applications. You, too, can learn ML skills to revamp your resume by taking up upGrad’s free ML course.  2. Learn Java When it comes to Java, do we even need to remind you that it is one of the most widely used programming languages in the world? You can create and build a variety of things using Java, from web-based and mobile apps to sophisticated cloud-based applications. This is the perfect time to get handsy with Java and experiment with your development skills. You can checkout upGrad’s Java programming course, which is a part of its in its lifelong learning initiative. 3. Enroll for Deep Learning Program Just like AI and ML, Deep Learning is a tech trend that’s fast catching on. It is a subset of ML, and once you enroll in a DL course (like upGrad’s), you’ll see how fun, deep learning is and how much you can create using your DL knowledge. 4. Master Excel  Now that you have all the time in the world, you should invest some of your time to learning Excel. Chandoo is the best site for getting Excel tips, tutorials, templates, and much more. With enough dedication and effort, Chandoo can help you master Excel in no time. 5. Gain Blockchain  This will excite all the tech lovers out there, and rightly so. After all, Blockchain is a relatively new and revolutionary technology that is replete with tremendous possibilities. Also, the demand for Blockchain experts is at an all-time high right now. So, you should think about acquiring Blockchain skills. upGrad has a fantastic free course on Blockchain. 6. Learn business analytics This tip is dedicated to all the budding and established entrepreneurs out there. If you’re in the enterprise sector, you must gain a comprehensive understanding of business analytics. It is a tool that offers actionable business insights based on real-world data and statistics, thereby encouraging data-driven decision making. upGrad’s Business Analytics Starter Pack is a good place to start. Things to do that will help you make money online 7. Start blogging Writing is a proven way to get your juices flowing. Learning to write for blog is considered as one of the most productive things to do in quarantine. If you don’t want to try a hand a fiction, blogging is the way to go. It is the best space to vent out your thoughts, feelings, and passions. Blogging can be a space for creative release for you. Learn more about steps to launch your blog. 8. Learn Web Designing Nobody can deny the power of a good looking website, and hence, Web Designers are always in demand. Websites like freelancer, upwork offer freelance work to professionals, and there are numerous projects listed for logo design, creative design, web design, etc which can be done by someone with sufficent knowledge of the subject. This is one of the many skills that never loses relevance in the industry. So, you could opt for learning web designing in this lockdown and add a new skill to your resume. upGrad is offering a fantastic course on front end development as a part of its lifelong learning initiative, and what’s best is – you can avail this course for free! 9. Learn Digital Marketing It’s never too late to learn digital marketing. Ever since online and digital platforms have become ingrained in every aspect of our lives, digital marketing has skyrocketed. Once you enroll in a digital marketing course, you will see how interesting and thrilling the world of digital marketing is. If you are looking for a free program, try upGrad’s short-term digital marketing course. 10. Learn how to Photoshop An excellent way to pass your time is to learn how to photoshop. There’s plenty to learn about design, illustration, photo manipulation, and so on. Naturally, when thinking of photoshop, Adobe Photoshop comes to mind. Tut Plus is just the platform you need to work on your Adobe Photoshop skills.  Things to do that will improve your tech understanding 11. Host a digital book club While its exciting to get your friends together and host a book club at home, that’s a luxury that we can no longer afford. But do you have to give up on your book club meets altogether? No! Host a digital book club instead. 12. Explore art galleries If you are wondering how much and what you can do while sitting at home, you can check out Google Arts & Culture! This platform lets you take a tour of some of the most reputed and renowned museums and even explore their art collections along with the explicit details on every piece of art. 13. Take a tour of exotic cities Before you can chuck this suggestion aside, allow us to remind you of Google Street View. Thanks to this invention, you can take a virtual tour of some of the most exotic places and locations on earth. 14. Play online games Who doesn’t love to play games? Thankfully, the PlayStore and Apple Store are buzzing with a host of cool online games that you can play along with your friends and family members. Not only will it lighten your mood, but it will also help maintain solidarity with your loved ones in this difficult time. We know you’re thinking PUBG, but there’s also online chess, ludo, sudoku, as well. 15. Get your adrenaline pumping with virtual rides So what if you cannot go bungee jumping or hop up on a rollercoaster? You could always get the thrill of it through virtual trips! Granted that it will be nowhere near the real experience, but it is the best you can make out of a bad situation. TheCoasterViews has a variety of breathtaking experiences lined up for you! Things that you should organise 16. Organize your inbox Your email can become highly cluttered over time, especially if the tags aren’t sorted. Take out some time to file and delete your emails, and you’ll see how much space you can make in your inbox in just 15 minutes! Make it a weekly thing for now.  17. Organize your bookcases If you are a book lover, you must have multiple bookshelves stacked up with books ranging from all genres. Now’s the time to clean, organize, and declutter your bookcases. Go through your books and set aside all the books that you can give away, and later you can donate them to a library for others to read. Things to do that will help grow oneself 18. Learn a new language Everyone has thought at least once in their life that learning a new language would be super cool. However, our professional and personal schedule hardly leaves any time to materialize such wishes. Now that you’re stuck at home, you have all the time to learn a new language. Be it French, or Italian, or Danish, or Spanish, Duolingo can help you master any language you want. The app has a vast pool of online tutorials, quizzes, and YouTube videos to help you learn the language of your choice. 19. Read free books While you cannot order books and magazines at the moment, you can always visit online sites for free books. If you are an avid reader, you must check out Project Gutenberg. 20. Gain new ideas – fast If new ideas excite you, Ignite is the place to be. Ignite is “a series of speedy presentations” – the aim is to express and spread ideas like wildfire. Each Ignite presentation lasts only for five minutes, thus, going for precision and simplicity. 21. Listen to podcasts Listening to podcasts is a habit worth inculcating in your lifestyle. These audio stories and interviews help you overcome creative blocks, inspire you, teach you how to make use of your time, educate you, and stay updated on the latest happenings around the world. Spotify and JioSaavn are two excellent sites for finding podcasts.  22. Start Writing – Begin with fiction  Yes, it is only a start, but a start nonetheless. We are not asking you to turn into Paulo Coelho or J.K. Rowling right away, but we’re only asking you to give shape to your random thoughts and carve a story out of it. Writing has been known to be a therapeutic experience, and who knows, you might create something beautiful out of your thoughts! You can check out FutureLearn to get started on writing fiction.  23. Get inspired by TED talks If there’s anything that can truly inspire, it is listening to the stories of industry leaders and radical innovators on TED. The best part about TED talks is that you can find plenty of inspiring stories on a host of topics including technology, science, business, social change, health, environment, activism, innovation, and much more.  24. Set new goals Now that things around us have changed drastically, it is time to make necessary changes in our lifestyle. Start by making small changes like eating healthy, regularly exercising, sleeping on time, and little things like that. Make family your priority, and align your goals around that. It is the things that we take for granted that become our biggest weakness in desperate times like this. So make sure to take care of those little things in your life. 25. Create a new hobby While in quarantine, you can explore new interests or hone in on current ones. Think of pursuits like crafting, knitting, cooking, gardening, or playing an instrument. Stress can be reduced, and a sense of achievement can be obtained by engaging in creative activities. 26. Engage in mindfulness and meditation Being in quarantine can be psychologically taxing. Mindfulness and meditation can be good options while looking for things to do in quarantine. Daily engage in guided relaxation techniques, mindfulness meditation, or deep breathing exercises. These techniques can aid in lowering anxiety while boosting concentration and mental clarity. 27. Establish a virtual exercise routine Keeping physically active while in quarantine is essential for upholding a healthy lifestyle. Explore online yoga courses, training programs, or fitness apps that provide activities you can do at home.  28. Pick up a new instrument Have you always wished you could play the guitar or piano? The ideal time to start studying a musical instrument is during quarantine. There are many online resources, video classes, and applications that may assist you in beginning your musical adventure. 29. Volunteer virtually While abiding by the quarantine guidelines, helping remotely can positively influence your life. Many businesses and NGOs seek online volunteers to help with content development, social media administration, online mentorship, and virtual tutoring. Contribute to a cause you care about using your expertise. 30. Create a blog or diary Writing may be a good way to relieve stress while in institutional quarantine. Consider keeping a diary to record your ideas, feelings, and experiences throughout this period. Consider beginning a blog where you may share your ideas, interests, or creative projects with others if you like writing and want to share your experiences. 31. Develop your finance knowledge Investigate any online tools, publications, or educational opportunities that might aid in your understanding of debt management, investing, and budgeting. Your financial well-being may improve in the long run by developing sound financial habits. 32. Designate a home workout area Designate a certain region of your house as a workout area. Get rid of the clutter, get inexpensive exercise gear like weights or resistance bands, and set up a yoga mat. You may stay motivated and maintain a regular fitness regimen by designating an area for your workouts. 33. Educate yourself on sustainable living Take this opportunity to learn about sustainable living principles and how to apply them to your everyday activities. Examine composting, minimizing plastic use, recycling, and sustainable clothing.  34. Enroll in online courses for personal growth Various online resources provide psychology, personal growth, photography, and creative writing courses. Take advantage of this opportunity to engage in your development and learn new things in your areas of interest. 35. Practice self-care Establish a self-care regimen that includes taking long, soothing baths, engaging in mindfulness exercises, enjoying a favorite pastime, reading a book, or treating yourself to a spa day. 36. Improve your cooking abilities and learn about nutrition Use seclusion to develop a healthy eating routine, try new dishes, and learn about nutrition. Investigate internet resources, watch culinary demonstrations, and prepare wholesome meals using fresh ingredients.  Conclusion These are a few easy & productive things to do in quarantine to help lighten the mood at your home. Every cloud has a silver lining, and remember, this too shall pass! The big challenge in life is to convert the barrier into an opportunity. Lockdown is the best time to upskill yourself with latest technologies. Checkout upGrad’s top courses in Data Science, Machine Learning, Digital Marketing, MBA from LBS & Full Stack Management.
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by Rahul Karthikeyan

27 May 2023

Top 15 Highest Paying Jobs in Finance in India [A Complete Report]
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In any job search, you have to sift through several postings and identify the roles that match your profile and aspirations. When you are interested in entering a specific field, you may want to know about the lucrative career opportunities in that particular domain. In this article, we would cover the highest paying finance jobs in India.  A specialization in financial management can get you some of the highest salary finance jobs in India entail. Here are the broad categories where you can find employment: Accounting Investment Lending Fintech Advisory services Corporate finance  With this perspective, let us look at some well-paid job titles and understand their work requirements. We have also provided a ballpark figure of the annual compensation associated with every role, as reported by Payscale.  Read: Career scope in finance Role of the Finance Sector in the Country’s Economy Throughout my extensive career in the financial sector, I’ve witnessed the profound impact it has on a country’s economy. It truly serves as the lifeblood, facilitating economic activities and fostering growth. Finance institutions, including banks and stock markets, are instrumental in mobilizing and allocating capital, supporting businesses and individuals with essential financial services, investments, and loans, thus promoting entrepreneurship and wealth generation.  Efficient financial markets play a pivotal role in maintaining economic stability and attracting investments. The sector’s robust risk management strategies are crucial safeguards against economic downturns. In essence, the finance sector in India is the driving force behind economic development, job creation, and overall prosperity, cementing its position as a cornerstone of the nation’s financial well-being.  For professionals seeking the highest paying jobs in finance in India, this sector offers abundant opportunities for growth and success.  What is the demand for finance professionals in India? Throughout my extensive career in the financial sector, I’ve witnessed the profound impact it has on a country’s economy. It truly serves as the lifeblood, facilitating economic activities and fostering growth. Finance institutions, including banks and stock markets, are instrumental in mobilizing and allocating capital, supporting businesses and individuals with essential financial services, investments, and loans, thus promoting entrepreneurship and wealth generation.  Efficient financial markets play a pivotal role in maintaining economic stability and attracting investments. The sector’s robust risk management strategies are crucial safeguards against economic downturns. In essence, the finance sector in India is the driving force behind economic development, job creation, and overall prosperity, cementing its position as a cornerstone of the nation’s financial well-being.  For professionals seeking the highest paying jobs in finance in India, this sector offers abundant opportunities for growth and success.  Highest paying finance jobs in India 1. Financial Analyst Job responsibilities: Financial analysts look after company finances, poring over data, and supporting financial management decisions. They also evaluate the possible outcomes of business and investment recommendations. Typically, they are hired in junior and senior capacities in banks, insurance companies, funds, and other financial institutions. Apart from basic financial literacy and accounting skills, these practitioners must possess critical thinking and communication skills. Average salary: INR 4,09,903 p.a. Skills required for Financial Analyst Accounting Interpersonal  Problem-solving Financial literacy Problem-solving A career in finance in india as a Financial Analyst is promising as the individual gets 4.6 lakhs per annum as they get more skilled and experienced. 2. Compliance Officer Job responsibilities: Compliance officers or analysts work in public or private companies, and sometimes in established nonprofit organizations, to ensure that all activities are carried out as per the guidelines set by the governance agencies. Since the long-term financial growth depends upon the established standards and regulations, these professionals play a crucial role in the finance industry. Their work involves aspects of data analysis and reviewing processes and related infrastructure to achieve compliance.  Average salary: INR 5,39,500 p.a. It is one of the highest-paying finance jobs in India. Skills required for Compliance Officer Law Data handling Entrepreneurial Find Best MBA Programs from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career. 3. Financial Advisor Job responsibilities: These professionals identify short-term and long-term financial goals for their clients and recommend the most suitable products and services to achieve them. For example, the primary duty of an insurance advisor is to research and suggest insurance offerings and interact with underwritings and risk managers for implementing their various job-related tasks. They are also responsible for providing direction to individual customers regarding the purchase of appropriate life, automobile, housing, and other insurance types.  Average salary: INR 6,00,000 p.a. This is one of the highest-paying finance jobs. Skills required Client relationship management Business development Research Wealth Management Analytical  Detail orientation 4. Senior Accountant Job responsibilities: Like any accounting job, this role involves recording entries related to assets, liabilities, revenue, and expenditure of a firm. Senior accountants are at the top of the rung, overseeing and analyzing the financial information and statements, maintaining balances, and resolving discrepancies.  Average salary: INR 4,12,977 p.a. Skills required Detail orientation Organisational Financial literacy Collaborative Self-starter 5. Loan Officer Job responsibilities: Loan officers approve, authorize, and process applications for real estate, business, or credit loans. They assess candidates’ financial status or creditworthiness and subsequently interview them. Setting up plans for debt payment and evaluating applicable metrics and ratios are some of their other duties. You can work as a loan officer in a mortgage company, a commercial bank, or a credit union.  Average salary: INR 4,60,000 p.a. (starting). It is one of the high-paying finance jobs where the salary keeps increasing with time and experience. Skills required Experience in the field of loans Financial understanding Understanding of direct and indirect lending Customer satisfaction 6. Information Technology Auditor Job responsibilities: IT auditors work in government departments or private companies to attain synchrony between the technology infrastructure and enterprise needs. They also look after IT compliance and digital security to enable smooth functioning of all organizational processes. So, the audit review procedures can extend to software programs, computer networks, communication systems, and security setup. This job necessitates an adequate understanding of physical IT controls within the company and requires knowledge about the business operations and financial practices.  Average salary: INR 10,74,419 p.a. It is one of the highest-paid finance jobs in India.  Skills required Knowledge of technical applications System Security Knowledge Knowledge of auditing 7. Financial Software Developer Job responsibilities: As the finance industry embraces technology and the internet, the demand for software developers has experienced a sharp rise. These employees design, develop, test, and maintain software and other programs that align with the company and end-users’ needs. Fintech is an emerging space for software developers as it envisions efficient delivery of financial services and associated activities. Some examples include mobile payments, stock trading applications, budgeting apps, and cryptocurrencies.  Average salary: INR 7,06,919 p.a. It is one of the in-demand finance careers in India. Skills required Computer skills  Programming languages Self-development skills 8. Investment Banker Job responsibilities: As an investment banker, you are responsible for managing an investing entity’s investment portfolio. In other words, you keep track of the money invested by your client in different businesses to optimize the return and achieve the predetermined financial goals.  Investment bankers handle stock and bond issues and also arrange for debt financing. Additionally, they are well-versed in managing merger and acquisition deals that bring in the most financial gains for investment banks. Investment banking is among the highest paying finance jobs in India, where candidates with significant experience can earn a total remuneration of Rs 16.5 lakh a year.  Average  investment banker salary: INR 8,71,972 p.a. Skills required  Communication Self-starter Research and analysis  Presentation skills Securities Mergers and acquisitions 9. Hedge Fund Manager Job responsibilities: High net worth individuals who are enthusiastic about investing often hire hedge fund managers to monitor markets and maximize their earnings. The job functions are similar to that of investment banking, except for the higher risk-reward portfolios of hedge fund managers. Investors pool their capital to make investments, and the fund manager protects them. Due to the intense working hours and technical nature, this career comes with a high entry-level salary of Rs 7.5 lakh a year.  Average salary: INR 24,00,000 p.a. It is one of the highest-paying jobs in finance in India.  Skills required Investment knowledge Finance understanding Financial Modelling  Quantitative Legal  10. Private Equity Associate Job responsibilities: Private equity and venture capital funds provide finance to early-stage ventures and growing businesses. This funding comes in exchange for profit participation or equity stake in the investee company. Like hedge fund managers, private equity associates liaise with the investor firms/individuals and apply their capital to business ventures having growth potential.  Average salary: Rs 32,38,889 p.a. It is one of the high-paying finance jobs salaries in India. Skills required Financial Modelling LBO Modelling M&A Modelling Financial Analysis  11. Chief Financial Officer Job responsibilities: The Chief Financial Officer or CFO has the duties of managing a company’s capital structure and cash flow and planning for its future growth. Therefore, the CFO must have in-depth knowledge of accounting and financial modeling, among other skill sets. These executives also oversee the work of analysts, manage financial teams, and make decisions related to costing and technology infrastructure. The CFO title is particularly prominent in the retail and commercial banking sector in India. Average salary: INR 1,550,480 (mid-career); INR 37,03,135 (senior). It is one of the highest finance jobs salaries. Skills required  Deep financial understanding Problem- solving skills Decision-making People Management 12. Chief Compliance Officer Job responsibilities: As the title suggests, this job is a top-notch role in compliance monitoring and policy management. CCOs apply their education and experience to eliminate non-compliance fees for the firms. Before landing this coveted spot, they may work as analysts, managing directors, and other positions to master the ropes and legal standards.  Average salary: INR 15,75,000 p.a. Skills required  Understanding of law Entrepreneurial  Analytical Data handling Communication  13. Chief Risk Officer Job responsibilities: Chief Risk Officers or CROs work in financial firms, looking out for any events that may threaten the company’s profitability or financial solvency. They monitor investments, interact with the CCO, and assess risks by applying their superior analytical and problem-solving skills. This is one of the best paying jobs in finance in India. Average salary: INR 13,00,000 (mid-senior); INR 50,86,824 (senior) Skills required Leadership  Relationship building Risk Managemen 14. Management Analyst Job responsibilities: Management consultants and analysts work to improve business performance. They examine specific issues and develop solutions to boost efficiency. To work as a management analyst, you should be able to interpret data and information and use your findings to create proposals for the company. Professional certification in business analytics can help you become more job-ready for management analyst positions. Alternatively, you can consider applying for a specialized MBA program. Average salary: INR 4,66,853 p.a. (entry level) Skills required Analyst skills Communication Time Management Problem-solving Interpersonal Also Read: MBA in Finance Future Scope 15. Personal Finance Advisor Job responsibilities: Personal financial advisors provide their services in diverse areas, ranging from life insurance, estate planning, investments, taxes, retirement planning to personal budgeting assistance. You can also start a practice or consulting firm for this purpose. It would be ideal to have a background in accounting or finance, followed by an MBA or MSc. in Finance.  Average salary: INR 4,90,565 p.a. Skills required Excellent communication skills Financial literacy Ability to explain articulately Research Analytical Must Read: Top 10 Highest Paying Jobs in India Highest Paying Banking Jobs in India Jobs in finance sector in India can be very well paid. There are many jobs that you can consider with the correct qualifications. Here is the list of best paying jobs in finance – Personal Banker – They assist clients and customers in every detail related to their bank accounts, like opening and managing their accounts and safe deposit boxes. Average salary – INR 3,84,000 p.a. 2. Bank Auditor – They review all the financial statements of the client. They can check if the risk management procedures of the bank are effective. They can assist in investigations the report the faults to higher authorities. Average salary – INR 5,04,000 p.a. 3. Credit Analyst – Whenever an individual or business seeks credit from a bank, a credit analyst analyzes their financial information. They are responsible for checking whether the client is creditworthy or not. Average salary – INR 6,18,000 p.a. 4. Fund Manager – The role of a fund manager is one of the highest paying banking jobs in India. This job involves extensive research, planning, and implementation of various financial strategies. They are also responsible for buying and selling the best stocks and bonds as well. Average salary – INR 15,00,000 p.a. 5. Finance Manager – They manage different types of financial tasks and projects. They can prepare financial statements, estimates, budget plans, and risks. Average salary – INR 10,05,108 p.a. The Future of Finance in India It seems like digital is catching the attention of finance leadership every day; use cases for digital are constantly evolving. As digitization transforms how we work, live, and relax, the stimulus often comes from the front end of the business. With the younger generation becoming more active, there is an increasing demand to make the financial sector more agile, friendly, and straightforward, extending diverse jobs in finance sector in India. Digital finance is the main requirement for the future. Digital revolutions and innovations are what the financial sector has been witnessing for the last couple of years since finance is the fastest growing sector in all aspects of the economy. In a concise period of time, fintech has totally transformed the way people make monetary transactions. In the world of digitization, India is bringing the format of ‘cashless’ alive. Business owners in India are bringing in customers from all across the world based on this digitization. Finance Minister of India, Nirmala Sitaraman, stated in an interview that the finance industry of India will surge from $50-60 billion in 2020 to $150 billion in 2025. All the latest financial models for the country include the latest technologies like Artificial Intelligence (AI), Internet of Things (IoT), Cloud Computing, and Machine Learning (ML). This has also managed to gain the customers’ trust and has the potential to transform and develop new financial services in India. Fintech has been gaining popularity worldwide because of its integration of technology and financial services and has attracted a considerable amount of investment from different verticals of business, resulting in better business performance and greater research and innovation collaboration. Here is how the different technologies have helped the industry evolve – Machine Learning and Artificial Intelligence – AI and machine learning solutions can transform regulatory compliance, financial fraud, and cybercrime. The fintech industry can also tailor products and services to the needs of each consumer by utilizing customer data as a means of personalization. Internet of Things – With IoT, finance companies can gather and transfer data more efficiently, saving them time and money. Information is collected and processed efficiently, allowing core processes to be automated. Financial institutions can also benefit significantly from IoT by improving customer service. Cloud Computing – Online resources, applications, or storage are provided through cloud computing as an on-demand service. As opposed to storing and processing data locally, financial institutions can store and process data remotely. Blockchain – Digital lending is now safer, thanks to blockchain technology. As a distributed, public, decentralized ledger, transactions are recorded across many computers to prevent tampering. Fintech institutions will significantly improve their operational efficiency through blockchain as the focus shifts from payments to securities and trade finance. The Way Forward In a growing economy like India, BFSI (Banking, Financial Services, and Insurance) is a critical section contributing close to 6 percent of the annual GDP. By 2022, the BFSI sector would require an additional 1.6 million skilled workforce, as estimated by the National Skill Development Corporation (NSDC). If you are looking to upskill, you can consider taking up an advanced certification course or a PG diploma that meets your learning goals. It would be best to select a program after going through its syllabus, duration, financial commitment, and accreditation status.  You can go for education programs like upGrad’s MBA – Finance (Liverpool Business School). It aims to familiarize you with the fundamentals of Accounting Statements, Risk Management, Working Capital Management, Marketing, HR, Economics, Project Evaluation, etc. Besides the in-class content, entrepreneurs and mid-stage career professionals can also gain from industry projects and mentorship sessions. Moreover, you can enroll while working, devoting about 10-12 hours per week for 20 months. Upon completing the program, you would earn dual credentials from LBS and IMT Ghaziabad.  Future-oriented online courses like MBA in Digital Finance and Banking can help make your candidature more attractive for existing and new job positions in the BFSI sector. The curriculum aims to equip you with the knowledge of fintech ecosystems, applications of AI in business, blockchain and cryptocurrencies, financial valuation, data visualization, fraud and risk analytics, and business leadership.  This course is available on upGrad’s platform and accredited by the Jindal Global Business School. JGBS alumni have been employed in companies like Amazon, Deloitte, Barclays, ICICI Bank, Yes Bank, Philips, GSK, ITC, Dabur, and many other corporate giants.  This brings us to the end of this article on the highest paying finance jobs in India. We identified specific positions, described their job specifications, and also detailed the highest salary finance jobs in India can get you. The current landscape of the Indian financial sector is highly competitive. This information would not only guide you while job-hunting but also streamline your preparation in reaching your desired career path.
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by Rahul Karthikeyan

31 Mar 2023

What Is The Digital Economy? Everything to know
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Exploring the Broad World of Digital Economy Digital transformation has taken the world by storm. The adoption of digital technology for transforming businesses and services has massively helped improve and enhance customer experiences. As per the latest reports, in 2022, the digital transformation market size reached USD 594.5 billion, further extending robust estimates that by the end of 2027, this figure will reach almost USD 1548.9 billion at a CAGR of 21.1%.  Source As the digital transformation market is experiencing a boom, the digital economy is walking hand-in-hand to experience its favourable impact. Also known as the internet economy or web economy, the digital economy covers all the transactions taking place on the internet, merging conventional and digital economies into one unit.  Learn Management Courses from the World’s top Universities. Earn Master, Executive PGP, or Advanced Certificate Programs to fast-track your career. This article covers the digital economy meaning and its various associated aspects.  What is a digital economy? When digital transformation takes over traditional economic activities, a digital economy is formed, powered by the internet and other electronic means. The financial activities in a digital economy emanate from innumerable online connections that occur daily among businesses, processes, data, people, and devices. Hyperconnectivity is the pillar on which the digital economy stands strong. Hyperconnectivity refers to the growing volume of interconnectedness between organisations, people, and machines resulting from mobile technology, the internet, and the Internet of Things (IoT).  Interestingly, this new economy is taking good shape. Conventional notions regarding business structures and firm interactions are taking a backseat, making way for technologically advanced business models and markets. Consumers are also learning to obtain goods, services, and information from this new economy, making things easier and more convenient.  The main factors which are driving this digital transformation include the following: Electronic means Electronic means like smartphones, computers, and other devices like wearables and smart TVs are powering the digital economy.  Internet It is needless to say that the internet has changed our lives massively and transformed our daily activities to a great extent, from how we live to how we entertain ourselves. With the advent of the internet, companies can now reach all corners of the world, defying geographical barriers and boundaries. All goods and services now have a global market and global customers.  Data Businesses can no longer undermine the importance of data. A significant part of the digital economy, data helps make informed decisions regarding the business, designing and developing new services and products, getting insights about the target audience and so on.  Considering all these factors, reports say that the global investment in digital transformation will almost double between 2022 and 2026. From USD 1.85 trillion in 2022, the figure is expected to reach USD 3.4 trillion by 2026.  Three Important Things About the Digital Economy Connecting to a global environment has become a cakewalk for people with the help of various devices like tablets, smartphones, smartwatches and other mobile internet devices. With internet connectivity, customers can become a part of the digital world anywhere and anytime.  The digital economy is open for companies across the globe to sell their products or services. Customers worldwide can access these products and services to become an integral part of the digital economy. The transactions for these purchases take place online via different platforms.  Here are three important things that make a digital economy different from a regular economy: E-business Various online tools, computer applications and digital platforms play an important role in carrying out business processes in the digital economy.  Infrastructure  In the digital economy, businesses have various technological resources, including software and hardware. Along with this, there is also the need for specialised and skilled human resources.  E-commerce E-commerce refers to the buying and selling of goods and services online. Generally, the goods and services are delivered to the customers’ doorstep in e-commerce.  Along with these, e-banking and e-governance are also integral parts of the digital economy.  Notable Characteristics of The Digital Economy Now that we have a basic idea about the digital economy, let us focus on the notable characteristics which make this economy so popular. Some of the characteristics are as follows: Round-the-clock availability A digital economy is not time-bound and is available 24/7. This means that businesses can carry out their operations on a round-the-clock basis. They can reach their customers anywhere at any time of the day.  Data-driven One of the main components of a digital economy is data. Enterprises leverage benefits from the massive volumes of generated data for making decisions, targeting audiences, and creating new services and products for the business.  Completely internet-driven The Internet is the main pillar on which the digital economy stands. The internet brings the whole world to your fingertips. Organisations can reach out to new customers and venture into new markets for business expansion.  Fast-paced The speed at which the digital economy operates is surprising. Businesses use and implement the latest upgraded technologies to provide the best services to customers. Organisations are on a constant lookout for innovations to make their business better in all aspects.  Global reach and approach  One of the prominent characteristics of a digital economy is its global reach and approach. There are no confinements of geographical boundaries. The economy is interconnected, and businesses can reach new customers globally.  Highly competitive zone A digital economy is a highly competitive arena. There are huge options and choices of products and services on online platforms. Customers can browse through different platforms before they make a purchasing decision. Businesses have to do something unique and different to grab the eyes of customers.  How does a business benefit from the digital economy? Overcoming the limitations of a conventional economy is possible with a digital economy in all aspects – including marketing, production, sales, and so on. Customers are also empowered to make choices from the abundant varieties available.  Here are some reasons why the digital economy seems to be crucial: Innovation is the key Digitising business processes and businesses as a whole is an innovation in itself. Opting for the digital mode opens up many opportunities for businesses. They have the scope to experiment with new technologies and ideas to take their business to a new dimension. Organisations can work on ways to better their produce and market value and boost the sale of their products and services.  Helps in reaching more customers The success of a business depends on its customer base. Along with getting new customers, businesses concentrate on retaining the old news. With the digital economy, businesses can reach new markets globally. A business’s products and services reach customers anywhere in the world, boosting the consumer base significantly. Customer retention is also a crucial part of the digital economy.  Source Helps in increasing business efficiency  There is no doubt that the digital economy helps in improving business efficiency manifold times. Users can avoid the majority of glitches they usually face in conventional businesses by participating in a digital economy. A digital economy has access to technologically advanced tools and techniques, which help improve business operations. Moreover, businesses can now leverage the benefits from the generated data and make informed decisions accordingly.  Helps in reducing costs in various departments Traditional production, marketing and distribution methods in a business are expensive compared to the digital mode. With the implementation of new technological tools and techniques, marketing, advertising, sales, production and distribution costs have come down. Along with lowered costs, the working of these departments has also become efficient in the digital economy.  Generates new job opportunities One of the reasons why the digital economy is becoming popular among people is that it creates new job opportunities. There is an influx of startups and new businesses in the digital economy, with job roles spanning digital marketing, data mining, big data analysis, and various other domains. Professionals are learning new technologies to fit into these job roles, enabling aspirants to significantly boost their skill sets.  Helps in making faster transactions Gone are the days when businesses had to wait months to settle and clear their payments. With the digital economy, transactions take place almost instantly. You can choose from innumerable online payment methods for making and receiving payments.  Improved communication and personalisation The connectivity quotient is high in the digital economy, improving communication significantly. Businesses can communicate with their customers conveniently to understand their needs and preferences. Once businesses have that idea, they can personalise the services and products per customers’ requirements and demands.  Explore our Popular Management Programs 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 Programs Conclusion Business experts across the globe agree that the digital economy is the future of business. With increasing competition in this arena, organisations of all kinds – government institutions, private organisations, non-profits, as well as service-centric entities, will require employees and leaders keen on embracing innovation and changes.  If you’re aiming to become a part of this breakthrough with services best suited to traditional and digital platforms, then enrol for upGrad’s Duke Corporate Education Post Graduate Certificate in Product Management! Master product management skills along with developing a product mindset with the course.  The programme offers 200+ hours of learning with 30+ live sessions and 15+ personalised industry sessions. Special mention needs to be made of the 10-week product mindset boot camp, mock interviews, and interview preparations, along with a skilled faculty of industry experts to fuel your growth towards a bright future.  Apply now to sharpen your skills and become a part of the skilled community under upGrad! Top Management Skills to Learn SL. No Top Management Skills to Learn 1 Consumer Behaviour Online Programs Financial Analysis Programs FinTech Programs Online 2 HR Analytics Programs Online Communication Programs Online Effective Communication Programs 3 Research Methodology Programs Mastering Sales Programs Business Communication Programs 4 Fundamentals of Journalism Programs Economics Masterclass Online Programs Our Top Management Articles Top 7 Career Options in Management To Choose [For Freshers & Experienced] Online Product Management Courses to Kickstart your Career Top 10 Career Options in Business Management in India 8 Crucial Business Management Skills Every Manager Should Have Future Scope of Management: Scope, Salary, Career Opportunities Career Options After MBA – Highest Paying Management Jobs 5 Key Skills Required for Successful Management Career & How To Achieve Those Skills? What is The Nature and Scope of Management? Importance of Management in Every Organisation – [A Complete Guide] You can also check out our free courses offered by upGrad in Management, Data Science, Machine Learning, Digital Marketing, and Technology. All of these courses have top-notch learning resources, weekly live lectures, industry assignments, and a certificate of course completion – all free of cost!
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by Rahul Karthikeyan

29 Mar 2023

What Is Project Portfolio Management?
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Companies today need someone who comes with the skill of project portfolio management. Therefore, it is important to develop a project mindset and develop a product through different techniques and elements of project management.  Source It is vital for all the companies out there to manage their project portfolio. The entire activity helps the company categorise the portfolio into different groups and then try to align them with the common and overarching goals of the company.  With project portfolio management, you will know about the current project you should focus on. If you are new to PPM project management, you are in the right place.  Study Marketing Management Courses online from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career. The article sheds some light on what project portfolio management is and what are its advantages of the same.  What is Project Portfolio Management (PPM)? Project portfolio management, also known as PPM, is a very important concept for companies operating in an agile environment. It refers to the overall management of a company’s projects at any time. While these projects might serve different purposes, they all come under the company’s portfolio and use the same resources.  With PPM project management, the company manages all the projects together, and it also decides the allocation of the resources to each project depending on the need of the hour. Apart from allocating resources, managing of project portfolio also includes identifying opportunities that can be translated into projects and then assigning project managers who will act as custodians of their projects.  Why is Project Portfolio Management Important? With portfolio management, the company implements all the strategies created on paper. The main objective of PPM is to ensure that the company takes up the right projects at the right time and maximises the returns of the company. Today, companies have multiple projects running parallelly. However, the resources are limited.  With PPM, companies try to evaluate all the projects and then decide on the ones that need their maximum attention.  Factors Affecting Project Portfolio Management Project portfolio management comes with its own set of objectives that the company aims to meet to ensure that all the projects are executed well. To meet these objectives, there are certain factors that you should consider before you begin with the PPM project management process: The project document: It is important to create a document that outlines all the information related to different projects running in the company. The document should highlight the project’s name, objective, and timeframe. Evaluation: Every project needs to be evaluated regularly to ensure it meets the required targets and is going as expected.  Team creation: The project team manages all the projects end-to-end. Therefore, creating a team that will tirelessly work to achieve all the project objectives is important.  What Types of Industries Should Invest in Project Portfolio Management? Project portfolio management has found its utility across sectors. According to research, around 71% of companies have a PPM system. With the increasing number of projects a company handles, they seek people proficient in PPM.  Let’s have a look at some of the industries where PPM is of great use: IT Information technology is one such sector where project portfolio management is essential. Companies in the IT sector generally have small teams, but the individuals who are a part of the team are highly contributing individuals. In these companies, project portfolio management involves forecasting the demand and updating the skill inventory accordingly. Project managers use data-driven forecasting to select people for the right projects. Also, they help understand the burden a team member can take, and then they divide the responsibilities accordingly.  Construction Construction is one such industry where different projects operate parallelly, and the tenure of all these projects is quite long. By the time a construction project ends, a lot of things change.  Some of the major challenges that construction companies face daily include the increasing prices of raw materials, employee turnover, and a change in the company’s important stakeholders. Hence, with project portfolio management, the company can move past these changes and stay in line with the overall objectives of the projects.  Financial Services While companies in the financial services sector only have a few major projects, they have several mini-projects running simultaneously. Also, this is one sector where accuracy beats all the other elements of the business.  Hence, with PPM, companies can stay on par with the industry and keep up with their performance metrics. With PPM, they are abreast with all the changing trends, which helps them stay ahead of their timelines and complete the projects more efficiently.  Marketing Marketing teams, too, have multiple projects running at the same time. However, unlike the construction sector, marketing projects differ greatly, so they have different requirements.  For instance, one project might involve deliverables related to billboard advertising, while the other might be related to the launch of a new product. With PPM, marketing teams can prioritise the projects that contribute more to the company’s overall goals.  With PPM, companies can standardise the workflow of both small and large projects. Also, a project manager becomes equipped to forecast the demand for a particular project.  Why Should PM Work on PPM? The primary KPI of a project manager is project portfolio management. With PPM, project managers can analyse the progress of the projects and can work on any bottlenecks that might be hampering the projects.  There are several cases where a project gets halted due to a lack of planning. These projects are sometimes withdrawn as they no longer remain strategically important to the company. Project managers are primarily responsible for ensuring adequate resources for business initiatives.  If a project manager applies PPM, the project will be finished on schedule and delivered without sacrificing quality. Also, it is a project manager’s job to understand which initiatives are more important to the company so that they can start working on them.  Advantages of Project Portfolio Management A company achieves several benefits by implementing project portfolio management. Some of these benefits are highlighted below: Brings the projects in line with the objectives of the company Several surveys suggest that most projects fail because the project in question loses track and fails to meet the company’s objectives. With project portfolio management, companies bring teams to a single table where the future of a project can be discussed. Hence, the company’s goals align with the project’s objectives.  Focus on the goals of the company Several individuals work on a single project. Hence, there are high chances of personal biases in the decision-making process. The subjectivity element of projects is taken care of by PPM as it focuses on the goals of the company during the prioritisation of the projects. Instead of intuition, PPM uses different statistical models to rank the projects based on different factors and then make a choice.  Source Easy Decision-Making As several projects are running within the company simultaneously, companies might struggle to allocate resources to projects as a company has limited resources. With PPM, companies can evaluate different projects and decide which ones should be prioritised from the lot. The entire process has made decision-making easy.  Brings in Governance  Governance is a very important aspect of projects, but most projects fail to incorporate the same. With the help of project portfolio management, project managers can incorporate governance into different projects. Project managers can develop a backup plan, use data-driven methods, and guide the business properly. Steps for PPM There are five important steps to implementing project portfolio management. These steps are discussed below in detail: Step 1: First, try to understand the objectives of the company and how the direction they want their business to progress in.  Step 2: Conduct thorough research before deciding on the project’s inception. Formalise the entire process of addressing and translating the ideas into a project.  Step 3: After analysing the resources’ cost, duration and availability, you must choose the projects in the company’s best interests. Step 4: Check the feasibility and launch the project once all the stakeholders are on board.  Step 5: Once the project is launched, PPM helps manage the project and take measures if things are not going as planned. Explore our Popular Management Programs 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 Programs Important Tools Different tools can contribute to project portfolio management. Some of these widely used tools include the following: Decision tree analysis: Decision tree analysis is one of the most popular ways to analyse projects. It comes into the picture when a particular situation is affected by several subjective factors. The model evaluates different ways of solving the same problem.  Cost-benefit analysis: The cost-benefit analysis refers to a method where a project’s risk and reward aspects are analysed before a particular project is selected.  Objectives matrix: This tool helps break down the business’s objectives into smaller ones. Post the division, small projects are created to meet the smaller company objectives.  Scoring model: This is one of the most widely used tools in project portfolio management. It helps the project managers balance the qualitative and quantitative factors, after which several weights are allotted to these factors. The best projects are selected based on the total score.  Top Management Skills to Learn SL. No Top Management Skills to Learn 1 Consumer Behaviour Online Programs Financial Analysis Programs FinTech Programs Online 2 HR Analytics Programs Online Communication Programs Online Effective Communication Programs 3 Research Methodology Programs Mastering Sales Programs Business Communication Programs 4 Fundamentals of Journalism Programs Economics Masterclass Online Programs Conclusion PPM, or project portfolio management, has become very important given companies run several projects parallelly. Therefore, project managers must upskill themselves to effectively carry out the project portfolio management process.  upGrad’s Post Graduate Certificate in Product Management can be an excellent choice to get started! Co-anchored by Duke Corporate Education, the course will help you develop a product mindset and help you prioritise the projects that contribute more to the organisation.  The program is ranked second among all executive education programs and is ideal for people working in the project management space. You can also take up the course if you want to enter the world of project management.  Enrol today to become proficient in product management.  You can also check out our free courses offered by upGrad in Management, Data Science, Machine Learning, Digital Marketing, and Technology. All of these courses have top-notch learning resources, weekly live lectures, industry assignments, and a certificate of course completion – all free of cost! Our Top Management Articles Top 7 Career Options in Management To Choose [For Freshers & Experienced] Online Product Management Courses to Kickstart your Career Top 10 Career Options in Business Management in India 8 Crucial Business Management Skills Every Manager Should Have Future Scope of Management: Scope, Salary, Career Opportunities Career Options After MBA – Highest Paying Management Jobs 5 Key Skills Required for Successful Management Career & How To Achieve Those Skills? What is The Nature and Scope of Management? Importance of Management in Every Organisation – [A Complete Guide]
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by Rahul Karthikeyan

28 Mar 2023

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