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

Posted on by Imarticus Learning
Reading Time: 3 minutes

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
Reading Time: 3 minutes

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.

 

Financial Analysis Quiz

Future of Financial Accounting from 2021: How will Digital Transformations Impact Accountants?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Change is inevitable when it comes to the world of business. Especially so when it comes to financing, and accountants are a major if not the main part of it. Finance has been one of the foremost career prospects for students for a long time.

banking and finance coursesThis is why banking courses in India after graduation have never lost their place in the trends. MBA and diploma in banking and finance is a popular choice for students all over the world.

Imarticus Learning has a lot to offer in this department with its diploma certificate courses and PG programs.

However, with the progress of AI tools, along with a lot of other professions, accountants also faced the potential threat of going out of jobs. However, that is not the case as accounting is not merely made up of bookkeeping, but also strategy forming, and other creative aspects. AI simply can not keep up.

A support tool, not a replacement

With the evolution of new and improved AI technology, accountants all over the world were worried about where it would leave them. Along with that, the unforeseen disruption caused by Covid-19 caused panic amongst the community.

However, as days passed, it became evident that AI works as a support tool for accountants that benefits them immensely. Technology has taken over the grunt work so that accountants can pour over the finer aspects of the industry. Namely, creativity, and strategy forming. Which, as of now, AI is not developed enough to approach.

The constant evolution of technology has changed the way any sort of professionals, be it accountants or otherwise, approach their work. There are lots of people and lots of projects to work on. As a result, the flow of data has become immense. This is why it is a need now to rely somewhat on technology to share some of the burdens so that accountants can do what AI can not.

 AI makes future accountants more relevant

The use of AI has considerably lessened costs and waste of time as well as smoothened the terms of communication as well as collaboration. It makes the system a lot more comprehensible by dismantling data silos. As a result, the quality of the data rises along with the quantity.

This works as leverage for the accountants as the tedious work gets done a lot faster and there is little space for human errors to occur. There are a few key things that need to be kept in mind, however, such as:

  • As accounting becomes more about the finer aspects of financial strategies, accountants will need to be well versed in those aspects as well. This can only happen through a proper degree from an MBA or diploma in banking and finance.
  • With a higher level of skills, accountants will be able to be of aid to other units of a company. Such as setting budgets or providing them with other types of financial intelligence.
  • Future accountants might play the role of an advisor as their job descriptions might evolve with the help of AI.

 Conclusion

AI is supposed to provide accountants with much-needed technical support so that the system can run smoothly. It is not here to replace them. However, future accountants evidently will need a much higher level of skills that can only be obtained by a proper course. Many institutes offer banking courses in India after graduation, like that of Imarticus Learning’s PG programs. Check them out to get a boost to your career.

Difference Between MBA & Business Management

Posted on by Imarticus Learning
Reading Time: 3 minutes

What is Masters Of Business Administration (MBA)?

With a Masters in Business Administration, one can learn technical skills as well as skills in management and leadership. It is a general business degree for graduates. Earning it would equip students with valuable skills and information and help increase the size of their professional network while also creating a large number of novel opportunities.

It helps students in transitioning to a completely new industry, creates opportunities for aspiring entrepreneurs, and increases the rate of success in their careers.

What is a Masters in Business Management (MiM)?

A Masters in Business Management is a postgraduate degree that targets individuals who have recently graduated or young professionals. It equips students with information about a variety of streams in management. These include streams like finance, marketing, entrepreneurship, and so on. It is a perfect degree for people looking and aspiring to work in a management field. It also gives leverage to people who wish to change from one stream to another early on.

What Are the Differences Between MBA and Business Management?

In top MBA Universities, there are a large number of criteria and high requirements that their students must reach in order to get in. These include job experience, professional achievements, academic achievements, and so on. Even though this raises the quality of applicants for an MBA course, it also leaves a large number of younger and smarter students behind.

One of the major differences between a Masters’s in Business Administration and a master’s in Business Management is work experience. When we talk of a master in Business Management, work experience is not as important even though appreciated, solely because of the nature of the degree. Hence it does not play a very important role in the eligibility of a candidate for the degree.

As mentioned above, even though work experience is not important at all when it comes to being eligible for a management degree, work experience of even six months is appreciated. If one has collected more work experience than this, it is suggested that they apply for an MBA. A large number of institutions create a cut-off of one year for work experience when considering management applicants.

MBA, on the other hand, looks for a job experience of three or more years. Fresh graduates and candidates holding lesser than two years of job experience are urged to apply for a Masters in Business Management. By taking a Business Management an applicant would be able to have a stronghold on the information required to start their business career.

The various other differences between the two are listed below:

  1. Due to the years of work experience, the average age of applicants for an MBA is 27 and ranges between 25-32 years of age. On the other hand, Masters of Business Management applicants have an average age of 23 with an age range of 21-25 years of age.
  2. The teaching methods vary as well with MBA using a practical orientation method involving case studies and thus deepening the learning experience for applicants. It also focuses on equipping students with knowledge about the application of various business techniques. For those taking a Masters of Business Management course, however, uses a more theoretical approach involving group projects and lectures focusing on the theoretical basics of business.
  3. Another difference is the duration of each course. It is one or two years for MBA courses and around ten months for a Business Management course.
  4. MBA students tend to earn more than management students later on.
  5. People with an MBA degree tend to occupy mid-level positions in a company while MiM (Business) students tend to occupy entry-level positions.

Investing in an MBA| Employment Outcomes

Posted on by Imarticus Learning
Reading Time: 2 minutes

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.

 

 

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

Posted on by Imarticus Learning
Reading Time: 3 minutes

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
Reading Time: 3 minutes

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
Reading Time: 3 minutes

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.

Imarticus Learning Launched an MBA in Investment Banking and Equity Research in Collaboration with JAIN Online

Posted on by Imarticus Learning
Reading Time: 2 minutes

Imarticus Learning, one of the leading vocational training companies in India, is cooperating with JAIN (Deemed-to-be University) to launch MBA training programs in the field of investment banking and equity research. The recently launched program aims to further strengthen JAIN (Deemed-to-be University)’s strong MBA programs in the field of investment banking.

Therefore, all paradigms of the new investment banking business are covered. The MBA aims to give students a deeper understanding of the key elements of the investment banking field and provide practical training for industry experts. The unique program will also provide an immersive educational experience.

MBA in Investment Banking and Equity ResearchEnable students to apply what they have learned to actual business scenarios and prepare for the future.

Through a unique investment banking pedagogy, industry associations, and extensive professional support, MBA Online programs provide students with 5 LinkedIn courses, e-learning methods, JAIN Alumni Connect, extensive guidance, and career advice to obtain a world-class learning experience.

Nikhil Barshikar, the founder of Imarticus Learning, said: “The world of Banking and Finance is evolving rapidly, driven by the next generation of transformative technological innovations. The complexity and dynamics of the new investment banking business have also adapted to this progress. “We recently launched. The investment banking MBA course and its 360-degree teaching method will enable students to keep up with investment banking trends and become future-oriented professionals.

The MBA program provides students with a comprehensive learning experience and is a catalyst for building a successful career. “We are very happy to work with a renowned institution like JAIN (Deemed-to-be University), which is known for its emphasis on teaching, entrepreneurship, research, and sports, and we look forward to further strengthening the MBA program while building a strong relationship,” Barshikar said. …Dr. Raj Singh, Vice President of JAIN (Deemed-to-be University) said: “With the rapid development of the banking and financial industries, high-quality professionals are needed.

The new investment banking MBA program provides students with a 360-degree perspective. “I am very happy to work with an excellent institution like Imarticus Learning and look forward to fruitful cooperation,” Singh said.

The one-year MBA in banking provides students with various career opportunities, including financial analysts, investment banking executives, and risk management. Consultants, money market analysts, global financial researchers, money market analysts, financial market consultants, corporate bank treasurers, and money laundering prevention experts.

Including Latari’s outstanding career, the total amount of the program is 190,000 Indian rupees, and a one-time registration fee is 2,000 Indian rupees and the exam pension is 3,000 Indian rupees. The plan also offers EMI-based payment options.

Therefore, if you are looking for an entry-level job and have a relevant academic background, then you do not need an MBA in Investment banking.

However, if you are looking for a highly professional job, then an MBA is definitely for you. help you. Increase the credibility of your personal information. If you don’t have a relevant academic background and want to switch from another industry, MBA courses will definitely help.

For more brief, you can explore –

https://mediabrief.com/imarticus-learning-jain-launch-mba/

All You Need To Know About Operation Management And Its Scope!

Posted on by Imarticus Learning
Reading Time: 3 minutes

Every firm runs through processes, suppliers, and customers, so career opportunities for operations and supply chain professionals exist in every economic sector. Service firms in information technology, healthcare, and hospitality management need serious planning, organizing, and coordinating.

This blog outlines operations management, the career scope, and the responsibilities of professionals in this field.

What is operation management?

Operations management is a broad term that can encompass many different areas of business. Marketing management, Business Strategy management, and Operation Management are all part of the same discipline in some way or another. Operations Management is an area of study that focuses on understanding how companies can improve their efficiency and effectiveness through processes such as production line analysis.

What involves general business operations?

The most important factors when planning operations are following:

Processes

This includes the alignment of tasks, personnel, & equipment to ensure an effective product or service delivery. Operations managers design and document processes separately to easily track, detect and resolve obstacles and streamline activities.

Personnel

Processes determine the number of skilled employees required. Some may need a few highly skilled specialists; others may employ teams to complete basic tasks. The quality and number impact operations & profit margins.

Equipment and technology

Apt use of technology increases productivity & profitability for any business.

Location

The geographical location influences operations and profitability, especially when selling goods & services from a physical establishment. Staff transportation, customer accessibility, rent, safety, and materials are some key factors to consider.

How does operations management work?

Supervising processes: The primary function is to plan, organize, track, and optimize business processes. This involves the alignment of processes across various departments.

Curtail operational costs: Operations management keeps activities within a monetary limit. Be it buying cost-effective materials, streamlining business environment management, or investing in upgraded assets, both men and material.

Broaden strategies: Operations management is all about developing strategies and optimize resources. This includes changes to supply chain configurations or organizing human resources to improve employee accessibility.

Product designing: Ensuring products or services cater to market trends and customer needs is a part of operations management.

What are the primary duties of operations managers?

  • Analyze financial markets and data to preparing budgets
  • Strategic decision making about specific methodologies
  • Designing, implementing, and managing business operations
  • Coordinating production processes of departments
  • Managing distribution of goods & technical support
  • Assisting senior management on strategic plans
  • Meet client demands
  • Stay up-to-date with industry trends while considering cost-effectiveness & optimal utilization of resources.

Getting Career Started with Online MBA Course:

To make a career in operations management, getting proper education is essential. The most common way is to graduate in a business discipline, followed by the best online MBA courses. Business operations management, purchasing management, materials management, operations research, or investment banking are some branches that may help you carve a path for a successful career.

Operation Management CoursesImarticus Learning offers a range of courses in online distance MBA, which you can check out. The institute partners with London Stock Exchange to offer CIBOP, which fast-tracks students’ careers in investment banking operations.

The course is designed to fit the learning needs of freshers and professionals. Courses at Imarticus Learning fully equip students with skill-sets required to begin a career in investment banking operations, treasury & clearing services.

Every new-age firm prefers hiring applicants with an advanced degree; thus, an online MBA course becomes imperative. Live instruction, networking opportunities, and placement support is another reason why to rely on Imarticus Learning.

Contact today through the Live Chat Support system and seek virtual assistance for further details!