Contact Us
×

Tag: MBA career

What should you know about earning a second MBA degree?

Posted on by Imarticus Learning

Master of Business Administration, is a very demanding postgraduate curriculum in India and around the world. This management degree serves as a springboard to a myriad of jobs in the corporate sector. Over the previous two decades, the MBA program has grown in popularity in India.

All managerial level jobs across all domains and sectors want an MBA degree, which is why a big number of graduates now pursue an MBA as a career after graduation.

Best online MBA coursesA full-time MBA program normally lasts two years, while several expedited full-time MBA programs last only one year.

This style of fast-paced MBA is prevalent, particularly at non-US business institutions.

The length of part-time and executive MBA programs varies according to how many credits a student enrolls in each academic semester or quarter. Both executive and part-time MBA programs are designed for working individuals who want to continue their education while working full-time.

In India, getting a second MBA is fairly prevalent and a huge chunk of students pursue it as a career after graduation. Experts suggest that when it comes time to hunt for that promotion, industry leap, or new professional adventure, the first MBA may be lacking in postgraduate benefits such as a strong alumni network or brand recognition.

If someone meets this requirement and wants to work for Google in Europe, they will certainly have a more difficult time than someone who graduated from an internationally renowned program.

When do some people want to pursue a second MBA course?

MBA schools in some countries, like India, accept a large number of applicants directly out of college.

When you enter an MBA program with next to no professional experience, you are more likely to succumb to society’s expectations to land the ‘most prestigious’ job on campus, which is often sifted solely through compensation packages and brand names, rather than what you prefer or what fits your strengths and limitations. Eventually, with time people realize that this is not the right job for them.

  • Some career paths are harmed as a result of a poor employment market, being laid off, a failing business venture, or poor professional choices.
  • There are applicants, particularly from less prestigious MBA programs, who do not have the opportunity to recruit for the top organizations and must settle for whatever remuneration they can receive.
  • Some people want to settle elsewhere and their previous degree is not valid.

When it comes to accepting applicants with an MBA, top business schools have various policies. As a result, before beginning the application process, research the admission policies for second MBA programs at your preferred business schools.

Admission policies at business schools are continually being revised. As a result, before considering a second MBA, establish contact with the admissions office of your preferred business school. All B-Schools do not accept candidates who already have one MBA degree. There are some that accept candidates conditionally and some who accept students despite their having an MBA previously.

When you understand whether your desired business school would approve your application for a second MBA, the second phase is to reflect and determine whether a second MBA is a good fit for your professional goals. In case you lack time for a full-time degree, there are some of the best online MBA courses available on the internet and give you plenty of specializations to choose from.

One must delve deeper and explain why the first MBA did not provide them with the qualifications, abilities, or exposure they required for their professional objective.

In the application, it’s critical to explain why one needs the second degree, especially in the descriptive questions. Essay submissions should also include the short-term and long-term goals, as well as what one aspires to learn from the program.

Conclusion

The best online MBA courses will give you a clearer picture of the wants and needs of the corporate sector. MBA online courses help you juggle between your job and academics and might be a very good option for aspiring candidates.

7 Reasons Why a Distance MBA is Better than a Regular MBA

Posted on by Imarticus Learning

The MBA is the most sought-after graduate management degree in the world. Employers look forward to hiring more people with an MBA degree and students are enamored with it. Every year, a huge number of professionals apply to various sorts of MBA programs.

The MBA, as a generalist degree, provides you with essential management knowledge, which means you’ll gain a holistic understanding of the company across topics such as marketing, finance, and accounting, all while developing those important soft skills and leadership skills.

No matter what your experience is, if you want to develop management skills and advance your career, then MBA is the right option; whether you want to start your own business, rise within your existing firm, move functions, industries, or locations, or all three.

What is a distance MBA Course?

An Online MBA course is usually a two-year management curriculum intended exclusively for students or individuals who are unable to take up a full-time or traditional MBA degree. A variety of colleges and private institutions offer the MBA course part-time or online.

Several private and public universities in the country are stepping forward to provide the MBA degree to students via distance learning. After earning a master’s degree in business administration in any specialization, students can apply for lucrative jobs.

 Benefits of pursuing a distance MBA program

  1. What could be better than scheduling your studies and classes according to your convenience? A distance MBA is prefixed and follows a set schedule, but you can reschedule any classes you have missed.
  2. Going to college on a daily basis while also working a full-time job can become exhausting and stressful. Aside from the conflicting academic and office schedules, it is very tiresome. In the case of a distance MBA program, however, the situation is completely different. You can access the lectures whenever you want and your time spent traveling to college can be spent studying.
  3. There are numerous types of people in a country like India who have diverse financial conditions. Not all students can afford traditional MBA programs with exorbitant tuition fees. As a result, a distance MBA is ideal for students who are unable to pay expensive tuition and are looking for a low-cost and fair option. Most colleges charge modest costs for distance MBA courses, making them accessible to students from all walks of life.
  4. After obtaining an MBA through remote education, you will be qualified for any management position in a large corporation. You will be hired according to your specialization.The position and job description are also determined by the number of years of experience you have in the industry. You can apply for a variety of positions such as project manager, manager, brand manager, product supervisor, financial analyst, professor, and many others.
  5. In a traditional college, you have no choice of online classes. However, a distance MBA requires you to study online. You also do not need to be concerned about purchasing textbooks. The institute will supply you with reading material as well as online notes that you may quickly access.
  6. You can get admission anytime as there is no stipulated time within which you need to apply for admission into a Distance MBA program.
  7. There is a lot of leeway in terms of exam timing, venue selection, and online assignment submission in an online MBA course

Conclusion

The aforementioned points clearly indicate that taking up a distance MBA course is a very good option. It gives you a good deal of flexibility along with giving you a degree to kickstart your MBA career.

2021: The Year of Upskilling With Online MBA Courses Across FinTech and Investment Banking Sector

Posted on by Imarticus Learning

Introduction

In this economic crisis, there is a steep decline in the hiring of MBA graduates across the domains. For most students, this economic crisis is the time to pause their career growth and utilize this time to upskill themselves. The majority of the online business schools expect an increase in demand for online MBA courses in the year 2021.

The vaccination drives across the globe have raised the hopes for the return of campus teaching, but it would be too early to say when the same will be restored. Of course, the learning is faster with networking amongst peers and faculty, but till the pandemic situation gets back to normal, online education is the only way forward.

best online MBA coursesNot only for students but, for working professionals as well, it is the right time to upskill themselves and opt for the best online MBA courses along with their ongoing jobs.

 What is FinTech?

FinTech is the integration of finance and innovative technology that ensures efficient financial services to the customers. The continuously evolving world of financial technologies has changed the way businesses are modeled by various financial institutions.

To provide error-free services to the customers most of the companies are migrating to adapt the digital tools such as AI, cloud computing, data analytics, blockchain, etc. This advancement has rekindled the desire to opt for lucrative career prospects associated with financial services, of which FinTech is right at the top.

 MBA in Fintech

To cater to the increasing demand for talent and education in the finance world, MBAs in fintech is becoming the popular choice of students. An MBA in Fintech will enable students to have an in-depth understanding of cutting-edge technology and its application in the banking and financial sector.

The online MBA courses will enable students to strategize and develop the innovative model to use the appropriate tools at the right place.

This will help to build high-quality commerce products and leverage future trends in fintech. Students who will equip themselves with an understanding of the concepts such as Algorithm Trading, Robo-Advisory, Peer Peer Lending, Insure Tech, etc. will have an upper edge in fintech ventures.

The online MBA courses that include innovative techniques such as blockchain, digital advisory, and trading systems, design thinking artificial intelligence and machine learning, peer-to-peer lending, equity crowdfunding, and mobile payment systems, etc. which are the core of FinTech should be the key choice of the students.

What is Investment Banking?

The underlying difference between a normal bank and the investment bank is the customers. Any general bank serves the public, whereas the investment bank serves the corporations and enterprises. Investment banks advise corporations and governments in their stocks and bonds, mergers, and acquisition matters to raise the required capital and maximize profit.

Investment banking at a global level is growing after the recent financial crisis and getting back to normalcy, in terms of profitability.

 Investment bankers hold prominent positions in many financial institutions across the globe. The investment banker’s key role is to identify the finance-related risk with business operations in order to save time and money for the organizations. Besides the obvious accounting and financial skills, an investment banker should possess soft skills such as effective communication and seamless movement across the industry.

 MBA in Investment Banking

best investment banking courses with placement in IndiaTo pursue a career in investment banking in the recent recession, an online MBA in investment banking is the preferred choice of students and working professionals. MBA graduates from well-recognized institutions have an upper edge when it comes to hiring in investment banks.

It is very important to check the richness of the finance curriculum along with other courses of the college when looking at MBA.

While studying a finance curriculum students should take other courses such as marketing, human resources, and technology into consideration. It is always better to research the placements of the college before enrolling yourself in the course.

5 Tips to Writing an MBA Statement of Purpose: Format, Structure & Samples

Posted on by Imarticus Learning

Acquiring a Master of Business Administration (be it an online MBA course or offline), can help people advance in their careers, receive more pay, and receive job promotions. A regular MBA, as well as a distance MBA, can provide the skills and information required to launch a new firm, and many organizations require an MBA for certain managerial or leadership roles.

Accounting, statistics, economics, communications, management, and entrepreneurship are among the topics included in MBA training. MBA programs not only equip students to work for financial institutions, but also for managerial positions or as start-up company founders.

Here are 5 tips for your SOP which will help you outperform others and secure a position in a good MBA institute:

An SOP, or Statement of Purpose, is essentially a paper that explains to the university why you are applying to that specific program at that university. It also demonstrates whether you have what it takes to pursue a course at that particular university.

Tip 1: You must realize that the statement of purpose works as a vehicle for conveying your attitude, personality, and character. Here are a few points that you must include:

  • You are a bright student who can handle the academic demands of a graduate degree.
  • That you are academically and personally prepared, and willing to learn new things.
  • You are really enthusiastic about the field of study you have selected.
  • Your capability of overcoming the difficulties of studying at graduate school.
  • Your capability of establishing and maintaining positive relationships with teachers and fellow graduate students.

Tip 2: The format of your  MBA SoP format should be crisp, with vital messages distributed among logical paragraphs.

You must address the following questions and maintain this format:

What is your educational background?

What achievements have you made in your working life?

What are your professional objectives?

Why pursue an MBA? Why do you feel the need to pursue higher education?

Why do you believe our university is the ideal place for you to attain your goals?

Tip 3: It is often seen that the exact word count you need to hit is not always specified by the university. In such a case it is ideal to keep it within 1000 words and not include unnecessary things and make it boring and lengthy.

Tip 4:  While writing your SoP you need to be careful about being accurate about what you say. You need to conduct a good amount of research before starting anything. Whatever you write must be substantiated by case studies, statistics, or real-life examples. Also, remember to break your essay into paragraphs so that it is easier to read and comprehend.

Tip 5: Don’t restate everything on your resume. The admissions committee has already reviewed it, so there is no need for you to go over it again. Add something new to your SoP.

Conclusion

Whether you are pursuing a full-time MBA degree or a distance MBA degree, you must remember that this degree will shape your career, so make sure you give it your best shot.

MBA online coursesIn case you have other commitments and financial problems you can always take up an online MBA course. There are quite a few online programs that may help you get your dream job while balancing your work life and other responsibilities.

 [gravityform id=”83″ title=”true” description=”true”]

Investing in an MBA| Employment Outcomes

Posted on by Imarticus Learning

A person’s investment in an MBA is a huge decision; however, the benefits can be worth it. According to Business Insider, those with MBA degrees have higher wages than people without them and are more likely to get hired for top managerial positions or high-paying professions like FinTech.

In addition, business schools also offer alumni networking opportunities that could help graduates find new job openings outside of their company and mentorships where they might learn how best to use their skillsets on future projects, which increases employment options even further.

In this article, we will cover how to get an MBA online, the top accredited online MBA programs, and why you would want to pursue distance learning.

How to do MBA Online?

The first step towards your MBA is to decide what kind of degree you are looking for. A few options are available depending on the career path that interests you, such as an Executive MBA (EMBA) or international program. These programs require some work outside of class time and may have different costs associated with them, but they can be worth it to get ahead early on in your career!

Best Online MBA Courses

So, you want to get a good MBA but are too lazy or busy with work and family. One solution is the best online MBA courses out there! With these programs, students can earn their degree from home without ever setting foot on campus (or even leave your bedroom)! These programs also offer opportunities that traditional schools do not such as flexible course schedules. Those who have children can attend classes during school hours while others may take night classes, which enable them to achieve graduation in less time than four years. Sounds like an idea worth exploring?

Imarticus Learning, an internationally recognized online institute for MBA in FinTech, is the best place to study this popular field. Imarticus learning offers flexible programs and courses that are designed especially with young professionals like you in mind.

Many people don’t know what a “FinTech” degree even means; Imarticus Learning takes it upon themselves to provide students who want hands-on experience with various industries of business management skills while earning their graduate degrees–a one-stop shop. As part of our program, we’re also giving you access to top industry leaders such as IBM or Chase bank executives and professors from Oxford University right at your fingertips!

Why should one opt for Distance MBA?

The reason to opt for Distance MBA is that it offers incredible flexibility. It’s an option if you have a job but are looking to expand your skillset or take on more responsibility in the workplace. If you’re already working full-time and don’t want anything else weighing down your schedule, this may be perfect for you!

Distance learning can bring tremendous benefits with minimal cost and time commitment so long as one knows what they need from their career future beforehand.

Conclusion:  If you’re looking to invest in an MBA, you must know what the future could look like for your career. You may be considering if now is the right time and wondering about how much of a return on investment (ROI) you can expect from your degree.

In this article, we’ve provided some insights into employment outcomes based on different academic programs below. This should help with understanding potential ROI figures when investing in an MBA or graduate education program. Enquire now to get more information on the best online MBA courses.

 

 

Newly Minted MBA? It’s The Best Job Market In Years.

Posted on by Imarticus Learning

For decades, a simple mindset was prevalent across the world that an MBA is the most obvious step to rise up the career ladder. Several business schools garnered a reputation hereof, promising a bright future for their alumni in the job market.

Students and working professionals hustled their way into these courses to learn core business values and network with the business world. All, to fulfill the most coveted goal of bagging top-tier management positions and earn a substantial income.

MBA online coursesAnd then came the Covid-19 pandemic and altered significant aspects of our lives, including work and education, seemingly forever.

In this article, we address pertinent questions about the MBA degree. Is an MBA still relevant? How to do an MBA online? Read on to know more.

Why an MBA is beneficial even in 2021

Post-Covid, the nature of work has radically changed. According to a study by Bain, businesses are embracing automation at an accelerated rate because of the improved accuracy and compliance and shorter process cycles (Even tech jobs are not automation proof anymore!) Similarly, outsourcing has cut costs by promoting virtual workspaces and scattered teams.

Under such circumstances, management skills are more important than ever because these are the only roles that cannot be easily altered. Managers who are in tune with the changing work dynamics are the links keeping the extended workforce together.

An MBA from a well-regarded business school benefits you by:

  • Aiding the development of advanced and flexible management skills
  • Helping achieve long term career success
  • Building proficiency to explore new industries or functions

Why should one opt for a distance MBA?

Whether to go for an MBA is not the question in the post-pandemic world. The real question is whether a spend of over $200,000 for a degree abroad, along with the loss of two years as an active professional in the current times, is the optimum choice. It might not be.

Let’s face it. With the pandemic governing our lives for the foreseeable future, a business school experience is just not the same anymore. In reality, even the most top-notch business schools in the world are struggling to attract talent and provide internships to their students.

The courses being offered by them still focus on business trends from a decade ago rather than adapting to the models that make sense for the future. Legacy is given precedence over innovation and that just doesn’t cut in the current world. To achieve long-term career success, being topical and relevant is important. This is why one should opt for a distance MBA.

How to do an MBA online?

Some of the best online MBA courses are new, experimental and offer a wide range of specializations pertaining to different management niches. Classes are conducted online with no on-campus requirements. Course materials are available 24 hours which means working professionals can take it up alongside their day job. They are economical, flexible, and convenient and offer the same advantages as a traditional MBA degree.

Here are some factors you should consider when choosing the best online MBA courses:

  • Make sure to get your online MBA degree from an accredited school
  • Do thorough research of the curriculum and faculty before enrolling
  • Understand the education dissemination format of the specific course
  • Compare tuition fees and schedules of your shortlisted courses

Conclusion

The pandemic may have significantly altered work but it hasn’t stopped us from seeking new opportunities. If you are looking to boost your career prospects in higher-paying jobs and better management roles while also averting the uncertainties of the times, then a distance MBA is the best choice for you. There are nearly 150 accredited distance MBA courses available to prospective students offering a variety of benefits and advantages.

A reputed online MBA course is generally  tailor-made for any working professional seeking an opportunity in the world of banking and finance.

Preparing To Lead in Fintech? Here’s Why You Should Consider MBA in Fintech!

Posted on by Imarticus Learning

The financial markets are always evolving. Day by day, the latest technologies are getting incorporated into various banking services to make it more efficient in every possible way. Financial Technology, otherwise known as Fintech is basically making these changes into reality. As the name suggests, Fintech is an emerging area in the finance sector that integrates finance and technology.

An innovative problem-solving perspective using cutting-edge technologies is the driving force behind Fintech. Fintech can potentially change the way banks, insurance firms, non-banking finance companies, payment banks, stock trading, and investment advisory firms used to operate traditionally.

Why should you consider an MBA in Fintech?

Major technological moves have already started in financial markets. Financial sectors are improvising their finance operations and services using technologies like Artificial intelligence (AI), Big data, Cloud computing, data science, the Internet of Things (IoT), and Machine learning.

Now if you have a knack for both technology and finance, an MBA in Fintech could be an amazing choice for you. Many businesses have either already changed the way they used to operate and become more technology-driven or are planning to do so. Hence it’s quite understandable that there is already a huge market for Fintech MBA scholars which is not going to decline any time soon.

JAIN online MBA correspondenceFintech is relatively fresh in the market, especially considering the list of brand new technologies it deals with, the Fintech market is far from saturated.

A lucrative combination of finance expertise with knowledge of the latest technologies makes a Fintech MBA a prized asset for most finance organizations.

Outsourcing IT services are expensive, especially when you are looking for the latest in market technical solutions. But when technical and financial expertise is at their disposal, the organization’s IT outsourcing cost drastically reduces. This is why in the finance sector the demand for Fintech MBAs is sky-high.

How to choose your MBA in Fintech course?

When you are looking for an offline or online MBA course in Fintech you should be careful enough to choose a course that is adequately robust to cover various aspects of the Fintech world. Industry expert faculty is always a plus. Real-world case studies, projects involving technologies like Artificial intelligence (AI), Big data, Cloud computing, data science, the Internet of Things (IoT), and Machine learning, interaction opportunities with the Fintech industry leaders, and hands-on training programs are a few of key features a good Fintech MBA course should offer.

The right course should cover traditional business management areas like economics, accounting, finance, quantitative study, management skills, human resource management, marketing, market study, and also added Fintech areas like Blockchain, Cryptocurrencies, Cloud Computing, Robotic Process Automation, Machine Learning, Artificial Intelligence, and also various implementation techniques of Fintech. Course matrix should be dynamic enough to accommodate changes per industry trends.

Key Points:

  • Core topics and subjects must be covered diligently. Building a strong foundation is uncompromisable.
  • Hands-on training is absolutely essential to learn and implement all the technologies that are part of the Fintech world.
  • Along with in-depth knowledge sharing, providing the understanding of the strategic practical implementation of Fintech is important to make a candidate job-ready.
  • Course curriculum should be elaborate and should be tailor-made for a Fintech specialist.
  • Course curriculum should be industry standard, that helps to grow professionally and technically and makes the candidate job-ready.
  • Group projects and well-designed assessments help to grow a candidate as a team player and better decision-maker and also push to maximize the knowledge.

Conclusion

An MBA degree is a great way to keep yourself future-proof in the world of finance. However, it is also important to choose an MBA degree that gives you a holistic overall learning of the subject. So, if you are looking for an online MBA course in Fintech, you should keep these pointers in mind.

Earn Your Globally Recognized Online MBA And Upgrade Your Career In The Most Convenient Way Possible

Posted on by Imarticus Learning

Many people strive to obtain an MBA in this day and age. However, is it worthwhile to enroll in an online MBA course for working professionals, even though it appears to be an excellent alternative for young graduates looking for a decent career start? We understand your concerns regarding your professional advancement, especially in these uncertain times. That’s why we’ve compiled this comprehensive MBA manual.

Online MBA Course?

MBA online Courses

After getting sufficient managerial experience, an online MBA course prepares individuals to take on professional and leadership responsibilities in local, foreign, and government organizations to become a business management expert.

While fresh graduates can attend an MBA correspondence program of their choice, working professionals can rarely leave their jobs to obtain an MBA. The Online MBA is an excellent option for such skilled people.

How To Choose The Right Online MBA?

You should be cautious about the course’s reputation and recognition because you don’t want to squander your money and time on a degree with no market worth.

Second, if you want to further your career in the same industry, consider an MBA Correspondence (General). Finally, if you’re going to shift industries, enroll in an online distance MBA program specializing in that subject.

Why Choose Imarticus?

Imarticus is the country’s first institute that imparts information through dynamic technologies and training methodologies and a cutting-edge Learning Management System that seamlessly integrates online and live learning.

MBA online coursesThe Imarticus online distance MBA program takes a novel approach to business education. You’ll take courses that help you acquire essential abilities while learning about the frameworks and models that will help you think critically about emerging business technologies to become a business management expert.

Live worldwide classrooms through video conferencing, collaborative projects, and personal connection with instructors during virtual office hours are all part of their best online MBA courses.

Program Highlights

  • UGC approved
  • Extensive career support
  • Convenient weekend batches
  • Flexible hours

What Are The Subjects In MBA?

There are several specializations offered for online MBA courses by Imarticus, the list below is the answer to your question “what are the subjects in MBA?” with some of the most popular courses offered:

  • Finance Management
  • International business
  • Infrastructure & Development
  • Fin-tech
  • Investment Banking & Equity Research

Is It A Right Time To Start An Online MBA Program?

Given how rapidly the world is changing during these moments of transition, pausing and thinking about one’s professional strategy can be highly beneficial. This is why we believe that enrolling in an online MBA program amid the COVID-19 pandemic is a good idea.

The Bottom Line

An online MBA program is a more advanced kind of distance learning that is more comfortable. These programs allow students and professionals to learn at their own pace, without feeling rushed. The course can help you in many ways. It can help you gain extensive knowledge, develop soft skills, advance your career path, expand your professional network, and find a high-paying job.

Enrolling in the best online MBA courses at Imarticus will offer you the necessary information and abilities and assist you in fitting in best with the business world, which is a fantastic choice.

Fintech a Wintech in India?

Posted on by Imarticus Learning

Fintech is a new-age industry that runs on technology, delivering better financial services to consumers. It provides varied technological solutions to improve the financial sector through innovation with the help of the internet. This often gives birth to innovative models of business and new businesses.

online MBA coursesFintech is bringing a revolution in the financial sector worldwide with its innovation. Financial accounting has been an integral part of financial operations; since the inception of fintech, there have been many changes in the way financial accounting is carried out.

An online MBA course can be a great way to learn more about Fintech.

Technologies used in Fintech Companies

Fintech uses technologies like Artificial Intelligence, blockchain, robotic process automation. Artificial Intelligence or AI is used in predicting and analyzing the expenses of customers, which further enables companies to have a better understanding of their clients. Artificial Intelligence is also used in providing customer services through Chatbots.

Robotic Process Automation or RPA is a technology that automates accounts payable and receivable more accurately, eliminating manual labor and error. Through this technology, invoices are sent to the customers quickly, which further eliminates chances of delay in getting payments.

Big Data is used to apprehend the investment habits of clients and turbulence in the market, creating new business models and strategies. This technology helps in detecting fraud and making better marketing strategies.

Blockchain is used by the finance industry to do away with third parties to carry out a transaction. It is estimated that there will be a 22% CAGR in the Fintech market within 2025. As per the data of May 2021, UPI participation has increased by almost 15x from 2018 with 2.6 billion transactions, approximating around $68 billion.

Factors that have led to the growth of Fintech start-ups in India:

  • Capital is present in abundance, along with a very lucrative investment ecosystem
  • Technology is rapidly advancing in the country
  • Almost everyone has access to the internet and smart-phones
  • There is a hunger for new technology and innovation in people
  • Establishment costs and transactions have been reduced to a significant level through the use of cloud services
  • Initiatives from the side of the government
  • There is still a huge rural population that lacks access to financial services

The number of Fintech start-ups has risen to 2,565 from 737 in the last 7 years. Fintech Companies like Paytm, Razorpay, Cred, Pine Labs, Capital Float, Mobikwik have emerged as giants in the Indian Fintech market.

Conclusion

The initiatives taken by the government to penetrate smartphones and internet in the society have given a boost to fintech start-ups and technology in the country. A huge population has switched to digital modes of payment. Fintech has also boosted insurance companies and has made all the formalities hassle-free. It has also enabled these companies to predict the requirements of their clients better.

This has helped them provide better customer satisfaction and support. After analyzing the trends in recent years, it must be acknowledged that the Fintech industry has a huge number of jobs to offer. An MBA in Fintech can prove to be a good choice for people trying to seek jobs in this sector.

An MBA in Fintech helps to understand technologies such as Blockchain, Artificial Intelligence, and Cloud Computing using coding.

online MBA courses in IndiaGaining deeper insights into these technologies will increase the chances of getting better jobs. There are many online MBA courses available on the internet.

These online MBA courses are also cost-effective during this pandemic when most institutes charge a hefty amount.

Evolution of Fintech: Innovation and Technology! A Must Read for MBA Aspirants

Posted on by Imarticus Learning

Fintech is the combination of two words – finance and technology. The fintech industry has come a long way. It has gone through hundreds of years of evolution to get where it is today. The following points will help you understand better how fintech has evolved:

How Fintech Evolved Over the Years?

Stage 1: The Early Days

Fintech started when technologies started globalizing financial processes. Before the introduction of technology in the financial sector, it was highly inefficient to collaborate and share information. The productivity of most financial processes relies on how quickly the information is shared.

That is why we can say that the introduction of the first transatlantic cable started the era of fintech. Another revolutionary technology that made the financial industry better is Fedwire. It was the first electronic money transfer system and used Morse code and telegraph to transfer data.

Afterward, credit cards entered the market in the 1950s. This was another revolutionary concept that transformed modern living and its relationship with banking. Now, credit cards are an integral part of our daily lives. The early era of fintech started in 1866 and lasted up until 1967.

Stage 2: Transforming Banking

We can say that the second era of fintech started after the arrival of the first handheld calculator. Jack Kilby changed the financial world completely through his invention. Handheld calculators made it significantly easier to perform calculations on the go, allowing people to perform and verify complicated computations quickly and efficiently.

Apart from the calculator, this era saw the introduction of automated teller machines, also known as ATMs in short. ATMs allowed consumers to withdraw funds from their bank accounts without visiting a branch. They automated the withdrawal process and were one of the first banking processes that required minimum human intervention.

In the final decades of this stage, the financial sector saw the arrival of the digital stock exchange, computers, and the internet. All of these technologies had huge impacts on the financial world. While stock exchanges allowed investors to trade more efficiently, computers simplified many processes in banking and finance that required a lot of effort beforehand. This era lasted from 1967 to around 2007.

Stage 3: Fintech Now

Since 2008, we have been in the third stage of the fintech industry. Modern fintech is vastly different from its initial days. Now, we have smartphones that allow users to share innumerable data with each other in multiple ways. Fintech of today relies on startups that innovate continually and come up with new ways to make finance more accessible and automated.

One of the most significant technologies we have seen in this era is the introduction of e-wallets. Not only do they simplify banking substantially but also make it more transparent.

How to Start a Career in Fintech?

A career in fintech can be extremely beneficial. It is an evergreen industry that is constantly evolving and keeping up with the changes in time. To pursue a career in this sector, you should enroll in an online MBA course.

An online MBA course will help you learn the necessary concepts such as financial accounting and blockchain safely and comfortably. Getting an MBA in fintech will help you stand out from your peers in this industry too, and make it easier for you to bag high-paying jobs.

Modern fintech requires you to be an expert in the oldest financial concepts as well as the latest technologies. You should know about financial accounting and at the same time, have knowledge of data science. If you want to get an MBA in fintech that covers these concepts, you can go here.