Distance MBA in Project Management Vs Post Graduate Diploma in Project Management: 5 Differences that can help to decide between the two

Post graduate diploma in Project Management

In a world of increasing competition and opening of various career domains, one is always baffled about choosing the right course that would take one closer to one’s aspirations. More often than not, career decisions are informed. It’s either inspired from a friend, relative or close acquaintance or encouraged by the online platform where websites, reviews and blogs dominate the students’ mind.

Sad thing is neither of these ways actually helps a person to choose a career that’s perfectly cut out for them. Presently, people have lots of sources to gather information but hardly any sources to get clarity on the available options. Therefore, before jumping into any career decision, it’s important to take out some time and see how one option is different from the other.

Distance MBA in project management and Post graduate diploma in Project management seem to be the same. However, there’s hell and heaven difference between the duos.

  1. Universities Vs Autonomous Institutions

    Firstly, one has to understand the concept of universities and autonomous institutions. The former is a larger educational body giving affiliations to many institutions. All these institutions make their curriculum and syllabus as recommended by the universities. They are bound to follow the university norms in every sphere of education. Further, only universities have the right to provide MBA degrees and conduct MBA-related programs.

    On the contrary, the latter is an independent educational body that is not associated with any university. Autonomous institutions make their own curriculum according to industry requirements. As they are not universities, they cannot conduct MBA courses and therefore opens platform for Post graduate diploma in Project management in distance learning.

  2. Outdated syllabus Vs Modern growth-oriented syllabus

    Secondly, universities hardly take the time to review their curriculum structure which also includes the syllabus. As a result, students study the same thing years after years and remain confined within an obsolete educational environment.

    This however does not happen in the PGDM model. Here, institutions make lot of efforts to understand the changing dynamics of project management and thus shapes their syllabus accordingly. There’s more up gradation and revisions, all aiming at updating students with the current scenario.

  3. Theoretical Knowledge Vs Industry-centric focus

    Universities always have a tendency to emphasise on theoretical knowledge and bookish education. Distance MBA in project management and any other discipline mainly comprises books and theoretical study materials, with no practical exposure. Students only read, mug up notes and appear for exam. However, they are not steadily prepared to face the real world.

    Independent institutions on the other hand exercise an industry-oriented education. In Post graduate diploma in Project Management the primary focus is on the industrial requirements. It considers the skill-set demanded by the industries, recent developments in technology and the professional expertise that needs to be inculcated in every candidate, prior to entering jobs. It is therefore a more industry-specific course that enables students to learn through experiences, case studies and practical assignments. At the end, candidates stay advanced, far ahead than their competitors in the trail.

  4. Entry-level skills Vs Senior level professional expertise

    Another significant difference is that of an entry-level guidance and an advanced senior level guidance. Universities, with their theoretical outlook, prepare students for entry-level jobs. After passing out from universities with a distance MBA in project management, candidates go through a yearlong training procedure and falls into the conventional scale of promotion. Naturally, career growth, promotional incentives and other lucrative benefits follow a long route.

    Post graduate diploma in Project Management takes the students to a higher level of preparation by equipping them with all the necessities of their industrial job. Such a course makes candidates fit for senior-level positions that further calls for faster promotions, quicker incentives along with other lucrative benefits.

  5. Rigidity Vs Flexibility

    Lastly, it’s all about confinement and openness. Universities confine students within a 360° theoretical domain. It has stricture norms and follows a rigid pattern of education. In sharp contrast, independent institutions are more flexible and dynamic. They take a modern approach towards study and ensure long-term growth and success to every Post graduate diploma in Project Management  student.

Career Opportunities after pursuing Post Graduation in Project Management

Distance MBA in project management

Project management is one such job that demands a multi-disciplinary approach in various professional responsibilities. From making client visits to coordinating among the inter-departmental teams, the project manager plays a crucial role in ensuring timely and successful completion of projects. In large MNCs, the viewpoints of the project managers are also considered for shaping future company policies. The position of a project manager is therefore of utmost significance and helps in all-round development of an organisation.

As a post graduate in project management, you can walk into any corporate sector of your choice. Today, there are many career opportunities that enable you to fulfil your dreams, achieve your ambitions and earn a lucrative professional life in the long-term. After finishing distance MBA in project management, you can aspire to be a:

  1. Project Manager
    The very first post that comes to you is that of a project manager. A company mainly runs by its projects. Each of its ventures requires a professional who will coordinate with clients, bridge the client-company gap and work in close collaboration with all the team members associated with the project. Punctuality, good discipline and perseverance are the key traits of a successful project manager. At the same time, good understanding of the client’s requirements and excellent communication skill are also essential for making a successful career in project management.
  2. Marketing Manager
    A company never happens to be a company until it propagates its goods and services. Marketing campaigns are consistent efforts driven by the company to bring more clients and end-users within its business circle. Here comes the role of a marketing manager where he/she is required to devise good marketing strategies and work in close collaboration with the management on 360° marketing of the business of an organisation. If you wish to become a marketing manager, all that you have learnt while pursuing distance learning MBA in project management, can be put into practice.
  3. Industrial Production Manager
    This is most suitable to the ones who come from technical backgrounds like Engineering, Supply Chain and other similar disciplines. A correspondence MBA in project management paves the way towards becoming a competent and efficient production manager for any industry. Here, the production managers are given the overall charge of looking after manufacturing, maintaining stocks and also ensuring that clients’ orders are produced and delivered on time. Production managers are often endowed with multiple projects requiring proper labour management, allocation of duties among the junior staff and maintain constant collaboration within the department.
  4. IT and Database Manager
    Ever dreamt of working in the IT industry and enjoying database? Well, Distance MBA in project management can make it happen. In present corporate world, IT and database managers are required to handle multiple projects simultaneously and mind you flawlessly. So, it calls for good project management skills and efficiency in handling project requirements. Presently, most of the project management candidates are making it big in the IT and database work culture.
  5. Team Leader
    Is any way a team leader less than a project manager? Surely not. The only difference is where project managers get into a bigger picture, team leaders are confined to their teams whatever be its size. It so happens that at the end of the day, team leaders have bigger projects to execute than their project managers. Thus, distance learning MBA in project management holds a plethora of scopes and opportunities as a team leader.

Besides these core opportunities, correspondence MBA in project management can make you a social media manager, project supervisor, associate project manager, associate marketing manager, etc.

Benefits of Project Management Course for Software Engineers

Project Management Course

As a Software Engineer, you will often find yourself surrounded by high-impact projects that come with stringent deadlines apart from the fact that they earn significant revenue for your company. More often than not these aggressive timelines are non-negotiable for your clients since a lot is at stake for them, depending upon the timely completion of these projects. The slightest of delay on your part could lead to an inevitable deadline miss or an extension which, in turn, could potentially incur massive financial losses for your clients, disrupt their planned roll-outs and even hinder the smooth functioning of their businesses. Not to forget the loss of face in front of the client and the resulting client dissatisfaction which could make him or her suspend the project midways or could cause your company to lose the client forever.

Hence, it becomes imperative for you, as a Software Engineer, to keep a close watch on the project toll gates while you are busy applying your engineering principles to design, develop, test and implement complex software systems for your customers. This is where a distance course in Project Management can be beneficial for you as it empowers you with formalized project management skills that are necessary for realizing project goals in a planned and systematic manner.

Though every project has its own unique challenges and goals, yet the overall framework of project plan, project charter, stakeholder management etc. remains broadly unchanged for all. Hence, picking up these basic skills at an early stage can go a long way in ensuring that you are able to successfully deliver a variety of projects in accordance with the specified timeline and budget that have been agreed upfront before the initiation of the project.

Importance of Project Management for a Software Engineer

Project Management is a specialized discipline that deals with the fundamentals of managing a project strategically from its initiation to its closure. The niche field teaches you the basics of how to initiate, plan, evaluate, estimate, organize, delegate, execute, direct and control a project effectively so that the project goals are fulfilled according to predefined objectives. This know-how is crucial for a Software Engineer who has to ensure that the project at hand is able to meet the specific success criteria that have been agreed with the client.

Moreover, a Software Engineer is often entrusted with large-scale projects that require the involvement of multiple team members, each of whom have their designated roles to play in the timely fruition of the project.  Along with the development of distinct technical skills that are elementary to the successful completion of the project within the given constraints of scope, time, quality and cost, a project management course endows one with the key management strategies that come handy while working on a collaborative enterprise or when tasked with the responsibility of leading a team of software professionals who are working on a challenging software assignment.

Optimal allocation, co-ordination and management of resources, both human and material, are integral to an effective project management strategy. A correspondence course in project management can impart Software Engineers with the knowledge of creating a deliverable oriented WBS or a Work Breakdown Structure that helps them chalk out the quantum of effort required to achieve the objectives of their projects. Through hierarchical and incremental decomposition of the project’s scope into manageable components like tasks, sub-tasks and work packages, one is able to organize their teams’ work better. Likewise, one develops a sound understanding of how to make use of the allotted budget in the most efficient manner so that the team is never short on the resources that are mandatory for the build and deployment of a desired product.

Communication is another irrefutable feature of any software-related project. Regular status updates are a given as one has to keep the internal and external stakeholders well-informed about the progress of the project in its various phases. A post graduate diploma in project management incorporates powerful tools like Gnatt charts and PERT charts that can aid a Software Engineer to illustrate a project schedule in a graphical manner by mapping the amount of work done in a certain period in time against the planned output for the scheduled time period. Such visual representations are far more impactful than ordinary emails and dashboards.

Since development of software is usually synonymous with the creation of a novel product or application, hence, traditional approaches that work well with defined scopes may not yield satisfactory results in an environment dotted with a high level of uncertainty and fast-changing technologies and requirements. Such dynamic projects may require exploratory models such as iterative, incremental and critical chain approaches – topics which form an integral part of a standard project management curriculum.

Lastly, a specialization in project management can help you pre-empt, assess and proactively address the underlying risks and ambiguities that are commonly associated with any large-scale or complex software-related project that encompasses organization-wide integration or impact.

How Can a Distance Project Management Course Benefit A Software Engineer?

If you are a Software Engineer who is already employed with a firm or a business, then it is less likely that you would have the time or the flexibility to pursue a fulltime course in project management. A distance MBA in project management can be the best possible alternative for you if you want to perfect your project management skills in tandem with your existing job. Equally important is the selection of a credible institute that offers you a flexible course curriculum that is not bound by location constraints and can be pursued at a suitable time according to your convenience.

A one-year unique Post Graduate Diploma Course in Project Management from a UGC-DEB recognised institute like MIT School of Distance Education (MITSDE) can be a wise choice for you if you want enhance your awareness and understanding of the various concepts, terminologies and methodologies that are typical of this ever-evolving field in a way that doesn’t interfere with your existing work schedule and commitments. The exhaustive course content includes topics like Project Planning Concepts, Project Execution, Project Assessment, Project Administration, Project Report, Management Information Systems and Enterprise Resource Planning that are frequently used for managing large-scale projects. Post course completion, veteran Software Engineers will find themselves better equipped to front complex and time bound software projects while MITSDE’s dedicated placement support will particularly benefit those who are about to kick-start their career or those who are planning mid-career switches to land rewarding job opportunities at top-notch MNCs and corporate houses.

Things You Should Know Before Going for Distance MBA Course in HR

Distance MBA Course in HR

In an era of rapid industrialization that is characterized by a burgeoning workforce, it would not be wrong to say that the timeless Human Resource (HR) function has evolved itself dramatically over the years to emerge as one of the most integral departments of a company – one that plays a vital role in the smooth operation of an organization by ensuring that the latter is never short of skilled and knowledgeable manpower and via the effective management of its most important asset – its human resources.

If you have been contemplating a career in Human Resource Management (HRM) and are wondering if it is the right career path for you, then here are few facts that warrant a careful consideration before you decide to specialize in this domain with a Distance MBA course in HR.

A domain that transcends industries and sectors – Often considered as the backbone of any people-driven organization or business firm, the versatile HR function has a vital role to play in the success and the overall growth of any organization across business sectors and verticals. Since there is hardly any field or industry that can function without the able assistance of a robust HR department, job opportunities always abound in this challenging yet fulfilling domain. According to the U.S. Bureau of Labor Statistics, there is a projection of a 9% and 5% growth rate respectively through 2024 for jobs pertaining to the role of an HR Manager and an HR Specialist. Considering the fact that a perennial need exists for trained and qualified HR professionals, it is not surprising that a functional concentration like an MBA in HR is one of the most preferred options for many aspiring candidates who dream of landing a high-paying job with a reputed MNC or an illustrious corporate house by venturing into a generalist domain that is relevant to diverse industries and sectors.

A function that is largely people oriented – A foray into the Human Resource function will require you to deal with people extensively. Hence, it is essential that you introspect if you have an innate knack of interacting with people and whether you possess a genuine interest in looking after their welfare and development. As an HR Personnel, you will be expected to embrace unyielding integrity and demonstrate a kind and a caring attitude towards your employees so that they find you approachable and can trust you enough to be able to walk up to you with their issues and concerns without the fear of any retaliation or rebuke. Sound interpersonal and communication skills are non-negotiable in this role if you want to deliver and drive key organizational messages and strategies in an effective and impactful manner. Needless to say, if you are an introvert who prefers keeping to himself or herself and is more interested in an individual contributor (IC) role, then a career in HR is not meant for you.

A multifarious department with far-reaching impact – Gone are the days when the role of HR was more clerical than strategic and mainly hovered around negotiation of salary packages, generation of offer letters and enforcement of an organization’s policies. Back then, the HR department was treated more as a cost centre with its efforts centred on cost containment which ultimately did not yield significant results – quite akin to a race car spinning its wheels with a lot of effort but with barely noticeable output. Often, it was not enough to believe that HR activities and programs could actually prove to be effective since one had to make concerted efforts to demonstrate to the critics’ gratification that HR involvement was crucial to an employee’s efficiency and to an organization’s growth and profitability.

With rapid industrialization and increasing market competition, the HR function’s priority has shifted from mere curtailing of expenses to a focussed drive for boosting the revenue of an organization. Additionally, the scope of the HR division has expanded manifold to encompass diverse responsibilities that include hiring, management, training and development of talent, providing compensation and benefits (C&B) to the workforce, addressing their C&B-related grievances, promoting healthy relationships between the employees and the organization, facilitating people engagement activities to ensure that the employees are happy, connected and motivated enough to deliver their optimal best, rolling out periodic assessments to measure the performance of employees and managers, crunching huge volumes of data to gather key business insights and making sure that an organization is compliant with critical labour laws and other statutory/regulatory rules and regulations that govern the health, safety and welfare of its employed staff.

Fostering a positive work environment and helping an organization’s labour force to acclimate to its vision and culture are few of the other deliverables that comprise the exhaustive job role of the present-day HR Manager or HR Analyst.

A strategic role that is not defined by administrative tasks only – If you are a dynamic individual who yearns to go beyond his or her administrative responsibilities and partner with business leaders with an aim to add value to an organization’s strategy formulation and decision-making processes, then a career in HR will satisfy you immensely.

In your role as an HR Manager, you will be required to stay abreast of the latest market trends and changing industry landscape in order to be able to contribute to the design and roll out of game-changing business strategies that can provide your business with an edge over its competitors. Often, you will be partnering with cross-functional teams such as Operations and Finance to devise roadmaps that cater to urgent business needs such as facilitating mass recruitment drives in view of the upcoming growth and to keep a tab on the organization’s budget while undertaking staff welfare initiatives like organising of team outings, revising existing C&B policies in accordance with industry standards etc. Awareness of cutting-edge HR management tools and applications is also desirable so that you have the necessary know-how to align and harness appropriate software and technology that can help your business become more efficient by streamlining its various HR activities such as payroll, tracking of employee attendance and leaves, performance evaluation, bonus calculation etc. in a manner that is smart and cost-effective.

Prior work experience is essential – Most top-notch B-schools will insist upon prior work experience for you to be eligible for an MBA program. This is to make sure that you are able to relate to the concepts in a seamless manner with your first-hand experience. MIT School of Distance Education has an eligibility criterion that mandates a minimum educational qualification of a graduate or a diploma degree along with a minimum of 3 years of work experience for a candidate to be able to pursue its Post Graduate Diploma courses in Human Resource Management.

A specialized field that demands the proficiency of a professional MBA courseFor those who envision a rewarding career in Human Resource, enrolling in an MBA course in HR is a must if they want to sharpen their existing domain-specific competencies and acquire other skills that are rudimentary to the HR function. Equally important is the need to discern a renowned educational institution that imbibes a modern pedagogical approach and that offers you the flexibility to pursue an MBA course from any location and at any time, keeping in mind your time constraints and/or your need to hone your skills without having to let go of your existing job.

A prestigious institute like MIT School of Distance Education (MITSDE) is accredited by the Distance Education Bureau (DEB) & the University Grants Commission (UGC) Govt. of India and is renowned globally for its comprehensive one and two year Post Graduate Diploma courses in Human Resource Management. Both the Distance MBA programs permeate into every aspect of the aforementioned requirements with an up-to-date and interactive course curriculum that has been structured by leading industry veterans. Designed for excellence, the self-explanatory course modules stimulate your strategic thinking while endowing you with the key concepts of Human Resource Management, Legal Framework and Business, Corporate Communications, Management Information Systems, Strategic HR, Enrichment – Training & Development, Recruitment, Selection & Retention, Enterprise Resource & Planning, Labour Laws etc. to make you industry ready and to groom you for a variety of roles that are prevalent in the HR space.

5 Reasons to Pursue Career in Wealth Management

Wealth Management

One of the popular fields within the financial sector, Wealth Management is a specialized investment-advisory discipline that primarily focuses on offering financial services to high-net-worth and ultra-high-net-worth individuals as well as to small business owners and families. Such individuals seek the professional assistance of a high-level financial advisory specialist to address their multifarious financials needs pertaining to their personal retail banking, legal planning, business succession, financial planning, investment portfolio management, portfolio diversification, investment management, after tax returns etc. The niche field also offers expert financial & investment advice to the less wealthy individuals who aspire to join the elite league of the ultra-rich in the days to come.

With the evolution of a client-centric model that aims to touch upon all aspects of a client’s financial life by delving deeper into their life goals, spending patterns etc., wealth management has gradually outgrown its one-time distinction as a purely investment-advisory discipline to subsequently become a ‘financial life management’ speciality that offers sophisticated and personalised financial solutions to its affluent clientele.

If you are in the midst of a mid-life career switch and are contemplating a futuristic career move that is gratifying and well-paying, then a career in the high-performing field of Wealth Management suits you. Still unsure of whether you should take this quantum leap? Read on to uncover 5 compelling reasons

How Wealth Management Can Make Your Career Transition ?

  1. Empowerment to Make a Real Difference
    As a Wealth Manager, you have a rare chance to contribute to your country’s economic upturn through profitable investment options and adapted offerings that are attuned to diverse customer segments. Additionally, your role gives you a sneak peek into your clients’ personal aspirations, their dreams & apprehensions and their long-term & short-term priorities in life. These clients are real people who bank upon your sound judgement and advice for matters related to their precious wealth. Everything that you recommend as their trusted advocate and advisor, directly impacts them and their immediate family. Hence, your effect on your clients’ lives is far-reaching. As Shelley O’Connor, Managing Director, Head of Wealth Management says, “A career in wealth management can be extraordinarily fulfilling. You have the opportunity to leverage a vast range of products and resources to deliver solutions that meet the unique financial needs and goals of individuals and families – and increasingly are in alignment with their personal and social priorities. What you do for clients can make a critical difference in their lifestyles and their legacy. ”
  2. Interactions That Help You Develop Valuable Professional & Life Skills –
    A career in wealth management will give you ample chances to amplify your communication and interpersonal skills since you will be harnessing them quite often in your day-to-day interactions with your clients. As a Wealth Manager, your role will also require you to sharpen your influencing, persuasion and negotiation skills in order to come across as convincing enough to be able to make your clients overcome their fears and subscribe to your prescribed products or financial solutions that are best suited for them keeping their financial background and life goals in mind. Trust building is equally important and so are savvy financial skills and the ability to handle difficult customers in a calm and assured manner. Consulting, leadership, entrepreneurship, teamwork and problem-solving are few of the other life-changing skills that you can acquire and enhance when you embark on a career in wealth management.
  3. Opportunity to Innovate Creative & Diverse Solutions –
    Making a foray into wealth management implies limitless creativity and undying passion to constantly explore and innovate a diverse range of financial products and solutions such as managed account services, discretionary investment accounts, provision of brokerage accounts, initial public offerings (IPOs), secondary stock issuances, tax planning, estate planning, retirement planning, accounting services and financial advice pertaining to money management and mergers & acquisitions. It won’t be wrong to say that this career is not for those who prefer a routine life as one will be exposed to umpteen action-packed days with a lot to manage and execute!
  4. Establish Lasting Relationships with Clients
    Working in the capacity of a Wealth Manager or a Financial Advisor/Financial Consultant would mean that you will be guiding clients from various backgrounds and industries on how to maintain and maximise their wealth based on their lifestyle, financial situation, life goals and risk-taking abilities. Consequently, you have a unique opportunity at hand to foster rewarding and lifelong relationships with your customers by uncovering their implicit and explicit wants and offering appropriate financial products that are specifically tailored to their financial situations. The fact that you get to generate a lifetime’s worth of value for them by providing them with additional products and services and with periodic review and modification of their existing financial portfolio, makes wealth management an extremely dynamic and exciting career choice for you.
  5. Growing Space with Potential to Earn Handsomely –
    Wealth Management is a rapidly growing field with a promising future that boasts innumerable job openings in the near future with many global firms constantly on the lookout for seasoned financial advisors. James Gorman, Chairman and CEO of Morgan Stanley, predicts that as the population ages and the middle class grows, there will be a heightened demand for asset managers who can invest the large pool of savings for retirement. According to the U.S. Bureau of Labor Statistics, 60,300 additional jobs will be available for financial advisors by 2022. Deutsche Bank too aims to hire 300 people in asset management by 2020 and many other illustrious names like JPMorgan have rolled out asset management jobs globally.

In a field riddled with aging financial advisors with the average age of current advisors hovering at 50.9 years, there is an increasing need to hire young talents who can take over the estimated USD 30 trillion in wealth that will be handed over to the upcoming generation of investors. Moreover, one can also fuel their entrepreneurial spirit and launch their own financial/wealth management consulting firm or fintech start-up while pursuing their current employment in a renowned firm. Apart from the fact that one gets to experiment with multiple career trajectories, a lucrative base salary and high performance-driven incentives & bonuses are some of the other perks that make Wealth Management a career path that’s worth traversing!

Conclusion:

Give your career a much-needed thrust by pursuing MITSDE’s PGD in Wealth Management. The comprehensive one-year course will provide you with in-depth insights into Managerial Economics, Risk Management, Financial Planning, Retirement Solutions, Security Analysis, Portfolio Management, Financial Plan & Wealth Management, Banking & Mutual Fund Products and many other vital concepts that are essential for making a seamless move to this dynamic space.

How Can A Distance Post Graduate Diploma In Information Technology Shape Your Career In Software Industry?

Information Technology

For many working professionals and young graduates, India’s Information Technology & software industry is the perfect launch pad to embark on a rewarding career that promises astounding growth opportunities, enviable onshore stints and hefty pay checks at the end of the month. Look back couple of years from now and you will marvel at the unprecedented growth of this high potential and fast-paced industry. Not only has the booming segment provided employment to innumerable freshers but it has also been responsible for offering many a lucrative career switches to experienced professionals who come with diverse skill sets and varied educational backgrounds.

With increasing disposable income of the average Indian household, one can hardly undermine the pivotal role played by the flourishing Information Technology & software sector in uplifting the socioeconomic status of the country’s growing middle class population and in triggering an economic transformation of the country. Considering that the Indian government is aggressively promoting the growth of IT and ITES sectors with various countrywide initiatives like ‘Digital India’, ‘Startup India’, ‘Skill India’, ‘Make in India’ and ‘Smart Cities Mission’, one would be wise to consider the long-term prospects of a career in this ever-evolving field that boasts a far-reaching impact on human lives and the society at large.

Career prospects in the Indian Software Industry

Employing a staggering workforce of around 10 million people, India’s IT industry comprises of both core IT and IT-enabled services (ITES) and accounts for approximately 67% of the USD 124-130 billion market. Putting India on the global map, the largely export dominated IT industry has been responsible for changing the perception of the country within the global sourcing market that now considers India as a formidable software development and consulting hub and not just a cost-effective provider of skilled and English-speaking low-cost labour. With a predictive growth rate of 12-14% in FY 2016-17 and contributing to approximately 9.5% of the country’s GDP in FY15, the Indian IT industry has metamorphosed to become the largest sourcing destination in the world for IT & software services. This has grabbed the attention of several global Information Technology firms who have flocked the shores of the country to establish their presence here. The revenue of the thriving sector is expected to reach USD 350 billion by FY 2025 – almost three times its current annual revenue!

With increasing cost pressures and the relentless focus on driving efficiency and visibility in existing processes, MNCs and corporate giants are increasingly looking forward to improve their bottom-line by automating their mundane and repetitive activities. Hence, trained and qualified software professionals are very much in demand across a host of functional areas and industries such as HR, Payroll, Finance, Healthcare, Banking, Retail and E-commerce as they continue to invest in technologies to digitize and simplify their existing payroll systems, payment systems, patient information management processes and data mining approaches amongst others. Likewise, those who equip themselves with niche skills in robotics, artificial intelligence, biotech, nanotech etc. will continue to reap the benefits of this high-paying industry, long after many others have been shown the door!

Future of the Software Industry in India

With the latest buzzword of Robotics and Artificial Intelligence, protectionism and tighter visa rules doing the rounds, one may be tempted to think that the golden run of India’s Information Technology & software industry has finally come to an end. However, the reality is far from the truth as the IT industry in India is gearing up for another bout of resurgence with plenty of exciting opportunities waiting to unfold in the near future as segments like SMAC (Social, Mobile, Analytics and Cloud), social media and e-commerce continue to grow & create new employments avenues for India’s IT population while automation and innovative technologies up the requirement for a skilled and reskilled IT workforce.

According to the Electronics and Information Technology Minister Ravi Shankar Prasad, a whopping 20-25 lakh jobs will be created in a span of 4-5 years. A positive outlook is also echoed by former Infosys leader, TV Mohandas Pai. He remarks that out of the top 10 software service companies that have been globally ranked by market cap, five are Indian. Within this illustrious list of top 10 software service companies, the top 5 names include three Indian companies. He further adds that 70% of the total population of nearly 2 million employees that belong to these top 10 companies are either based in India or travel out of India. Mr. Pai strongly feels that the Indian offshore software industry dominates the software services world and has no parallel.

Why Should You Opt for a Distance Post Graduate Diploma In Information Technology?

If you are an aspiring for a fulfilling career in the vibrant IT & software industry, then you must make yourself industry-ready by enrolling for a Distance MBA in Information Technology from a widely acclaimed institute like MIT School of Distance Education. MITSDE brings to you flexible Distance MBA courses such as the one-year PGD in IT and the two-year PGDBA in IT in order to ensure that you do not have to let go of your learning needs due to time constraints. Depending upon the program that you choose to pursue, you get to upskill yourself on varied industry-related topics such as Operating Systems, Networking Concepts, C++ Programming, Java Programming, Object Oriented Analysis & Designing and Database Management System – essential concepts that can help you become an expert in your chosen field of Software Developer, System Analyst, Software Analyst, Software Consultant, Business Analyst, Computer Programmer etc.

Apart from getting a chance to be trained and groomed by the stellar faculty of a reputed UGC-DEB recognised institute, you also get to avail yourself of customised courses & modules and an interactive & self-explanatory online learning system that makes it possible for you to sharpen your skills both in the comfort of your home and in the confines of your workplace.

Top 5 Advantages of Pursuing Distance PGDBA Course from MIT School of Distance Education, Pune

Distance PGDBA Courses from MIT School of Distance Education

Everyone aspires for a fulfilling professional career that promises them job satisfaction by allowing them to pursue a role in their area of interest and rewards them with a handsome pay check that makes it possible for them and their families to indulge in a luxurious life. However, mere educational qualifications may not be enough to accomplish such wishful thinking. In order to give wings to their aspirations, one needs to back their academic credentials with the competitive edge of an MBA programme.

How Can an MBA Enrich Your Professional Career?

Apart from broadening your outlook with industry insights and dynamics of the global marketplace, an MBA increases your employability by endowing you with sound business and management skills that are highly sought after in the job market. Additionally, you get to exploit innumerable opportunities to network and interact with industry experts from the larger business community and gain access to the prestigious alumni network of your chosen MBA programme. The probability of landing a high-paying job and higher-level positions greatly increase as many top-notch MNCs and corporate giants prefer qualified MBAs for their challenging roles and do not mind paying lucrative packages to the deserving candidates.

Why is MIT School of Distance Education the Right Choice to Pursue an MBA?

Along with one’s commitment and the grit to see through the end, an exhaustive degree like a Master of Business Administration entails significant investment of time and money on one’s part. Hence, it is wise to explore a reputed B-school or a premium educational institute that is accredited by an established statutory body and stands out for its globally recognised and flexible course curriculum. An illustrious institute like MIT School of Distance Education, Pune can bit the bill here due to the following reasons:

  1. Specializations in Diverse Domains and Industries
    MIT School of Distance Education brings to you a compelling range of comprehensive two-year Distance PGDBA courses in areas as diverse as Human Resource, Operations, Marketing, Finance, Supply Chain Management, Materials Management and Information Technology. Such specializations help you master the key nuances of a particular function or industry while teaching you the basics of Managerial Economics, Corporate Communications, Leadership & Organizational Behaviour, Financial Reporting & Controls and many other important concepts that are relevant to almost any sector or domain.
  2. Flexibility to Pursue Your Course Anytime and From Any Location – MITSDE’s Distance Management Courses are completely flexible and enable you to pace your studies according to your work schedules and other commitments. Since you do not have to let go of your job, you can continue to earn while you are honing your skills with the detailed two-year PGDBA programmes. Location is not a constraint as the learning mode is 100% online/distance. A highly interactive and self-explanatory study material further ensures that your distance learning curriculum is as robust and effective as the full-time classroom sessions from any other traditional MBA institute.
  3. Innovative and Latest Course Content
    Designed by industry veterans and some of the well-known faculties of the prestigious MIT Group of Institutions, MITSDE’s Distance MBA programmes are high in demand owing to their cutting-edge course modules that expose you to the latest industry trends and market scenarios while sharpening your business acumen and managerial skills. The customised courses touch upon all the essentials of a particular business segment or industry to help you kick-start your mid-career changes in a seamless manner and/or land a dream job in a high-performing company.
  4. UGC-DEB Certified
    Tracing its roots to the well-known MIT Group of Institutions that enjoy countrywide fame for their stellar educational programmes, MITSDE is a premier MBA institute that is accredited by none other than the Distance Education Bureau (DEB) of UGC (University Grants Commission) and is a member of ICDE (International Council for Open & Distance Education). Thus, MIT School of Distance Education’s Distance MBA courses are globally recognised and are the preferred options for many aspiring managers and budding professionals.
  5. Dedicated Placement Support –
    MIT School of Distance Education, Pune has a dedicated placement support team that provides the necessary guidance to its students by assisting them with their preparation for various competitive exams and placement interviews. Students are proactively informed about various job openings that exist in leading firms and companies, thereby giving them a unique chance to exploit the vacancies faster than many other job-seekers in the market.

Career Options after Distance MBA Course in Retail Management

Career Options after Distance MBA Course in Retail Management

Retail Management is one of the fastest growing sectors in India and across the globe, the retail industry is a dynamic sector that has rapidly evolved over the years to establish itself as a lucrative career option – one that attracts many ambitious students and working professionals alike. The vibrant industry is much sought after by job seekers who desire a fulfilling career in the days to come by exploiting the e-commerce boom that has taken the world by storm. Embracing cutting-edge tools and technologies that offer deeper insights into consumer behaviour and spend patterns, the service-oriented retail sector of today is a sophisticated and technology-enabled field that is constantly on the lookout to innovate avant-garde processes that are well-adapted to the fast-changing buying needs of the urban consumer with an aim to bring them to the retail stores and transform their shopping experience from a stressful affair into one that is unbelievably seamless and pleasurable.

The Indian Retail Industry

Dubbed as one of the fastest growing retail markets worldwide, the Indian retail market is all set to witness phenomenal growth in the coming years with an estimate of doubling to USD 1 trillion+ by 2020 from USD 600 billion+ in 2015. Once a largely unorganised sector in India in the form of kirana stores, pavement vendors, local corner shops, owner manned small shops etc., the country’s present day retail market is dotted with the presence of several supermarket and hypermarket giants, shopping malls, retail chains and privately owned large retail houses that have mushroomed all over the country and provided the employment to many.

Featuring in the list of the top five retail markets in the world, the Indian retail market today accounts for over 10% of the country’s GDP and around 8% of its employment. With a projection of 16-18% of the total retail market share for India’s organised retail sector in the upcoming years, it goes without saying that multifarious job opportunities exist for those who aspire to establish their career in this emerging space.

Job Prospects Post Specialization in Retail Management

Since Retail Management is a far-reaching field that encompasses diverse sectors like fashion & clothing, home furnishing, food & grocery, banking, automobile, insurance, healthcare, luxury goods, electronics and home appliances to name a few, hence, there are choices galore for ambitious candidates who aim to look beyond a traditional domain and venture into a niche space that allows them to explore career options in their preferred sectors and industries. Moreover, with India’s consumer expenditure projected to rise to USD 3.6 trillion by 2020 along with a prognosis of online retail to be at par with brick-and-mortar stores within the next 5 years with the former’s revenue expected to increase from USD 6 billion in 2015 to USD 70 billion by 2020, the employment prospects look promising in the fashion, apparel, e-commerce and electronics sectors as well as in the FMCG market that is estimated to amplify to USD 103.7 billion in 2020 as opposed to USD 47.3 billion in 2015.

According to a report by Indian Staffing Federation (ISF), FDI has the potential to create around 10 million jobs in the retail sector within a span of 10 years. Of this, approximately 4 million would be direct jobs and the remaining would comprise of the indirect ones. Thus, qualified and skilled retail professionals will be much in demand as the retail industry grows by leaps and bounds and one will have the choice to explore a multitude of job openings in the realm of supervision, administration, sales, client communication & management and merchandise shipment. It won’t be far-fetched to say that a certified retail management professional can look forward to employment opportunities with various e-commerce biggies, top multi-format retailers and Indian multinationals & supermarkets such as Flipkart, Amazon, Walmart India, Aditya Birla Group, Reliance Group, ITC Retail, Tata Groups, Future Retail Ltd., Big Bazaar, Foodworld, Metro Cash & Carry, FabMart, Lifestyle, Shoppers Stop, Spencer’s etc. and exploit a plethora of aspirational roles that exist with these illustrious players in the retail space.

Typically, a career in retail management opens up umpteen employment avenues for you in the garb of industry-specific job roles such as Retail Manager, Store Manager, Brand Manager, Inventory Manager, Sales Manager, Warehouse Manager, Department Manager, Operations Manager, Marketing Executive, Customer Care Executive and Retail Analyst to name a few.

Competitive Edge of a Distance MBA in Retail Management

Needless to say, in order to position yourself as a proficient retail management professional, you must be abreast of the latest industry trends and bottlenecks that are unique to this challenging yet exciting domain. A PGD course in Retail Management from a reputed institute like MITSDE can empower you with eye-opening industry insights in the form of a compelling course curriculum that emphasizes on essential topics like Retail Marketing, Strategic Retail Marketing, Retail Sales & Customer Service and Retail Personnel Management. Moreover, MITSDE offers Distance MBA courses that are UGC-DEB approved, recognised globally and are flexible enough to allow you to hone your skills at your own pace and in tandem with your existing commitments

Benefits of Pursuing Distance Management Course in Retail Management

Distance Management Course in Retail Management

Whether you are a fresher who is aspiring for a management specialization with lucrative long-term prospects or a working professional who is looking to pursue a Distance MBA in a rapidly evolving field that promises exciting roles and responsibilities along with a gratifying pay package, a Distance Management Course in Retail Management can fit the bill for you. Apart from allowing you to choose from a broad range of career options in market segments such as food and grocery, apparel, electronics, healthcare, banking, insurance, fashion and lifestyle, the retail sector in India is also poised for greater growth which, in turn, implies umpteen job prospects and dizzying heights in career for you.

Indian Retail Market – Present Scenario

India’s retail sector is one of the fastest growing retail markets in the world, primarily driven by the e-commerce boom which has led to immense popularisation of online shopping in the country. Moreover, positive FDI policies undertaken by the Government of India have resulted in huge amount of investments from foreign investors who eye the Indian retail market as an attractive proposition owing to the country’s burgeoning population and growing consumerism. Other factors such as a rapidly growing Indian economy, urbanisation, increased disposable income and purchasing power of the country’s middle class segment, heightened awareness amongst the average Indian consumer regarding premium and international brands, easy access to the Internet and social media along with an attitudinal change towards adoption of online services have collectively contributed to the growth of the fast-paced Indian retail sector which makes up for almost 10% of the country’s GDP.

Future of the Indian Retail Market

While the organised retail sector took the world by storm several decades ago, India is a relatively late entrant in the dynamic retail world. Hence, its nascent retail space is a largely untapped domain and one that is waiting to be fully unfurled in the days to come. With a projected annual growth of 12%, it is estimated that India’s retail market will nearly double itself to approximately USD 1 trillion by 2020 while its shopping population will expand by leaps and bounds to reach up to 530 million by 2025! With such phenomenal growth in pipeline, it is quite obvious that a Distance Management Course in Retail Management will hold you in good stead if you desire to exploit the huge potential that exists in the burgeoning Indian retail industry.

Competitive Edge of a Distance Management Course in Retail Management

First and foremost, it is important that you possess a customer-centric attitude coupled with patience and strong interpersonal and communication skills in order to succeed in your career in retail management. Next, you must bear in mind that retail management is a broad field that encompasses different aspects such as Retail Marketing & Buying, Category Management, Strategic Retail Management, Retail Personnel Management, Retails Sales, Customer Service, Consumer Preferences & Buying Behaviour, Retail Distribution & Logistics, Visual Merchandising, Retail Supply Chain Management etc. Hence, it is quintessential that you enrol for a first-rate MBA programme in Retail Management in order to enhance your understanding and awareness of these industry-specific fundamentals if you want to stay ahead of the pack.

MITSDE’s Distance Management Course in Retail Management is a well-structured programme that helps you acquire and master the aforementioned skills in a proficient manner and under the able guidance of thorough study material designed by industry experts and veteran professionals. Moreover, MITSDE’s correspondence MBA provides you with the flexibility to keep yourself abreast of the latest trends in the fast evolving retail sector at a pace that is attuned to your demanding work schedules and is equally well-suited to your non-negotiable personal commitments.

How Distance MBA Can Help You Become A Better Manager?

How Distance MBA Can Help You Become A Better Manager?

Warren Bennis once said, “Success in management requires learning as fast as the world is changing”.  Indeed, in the fast-paced and rapidly evolving business environment of today, a manager’s job role is one of the most demanding and challenging ones as he or she has to constantly juggle a myriad of roles and responsibilities that include strategic decision making, tapping potential growth opportunities, fostering long-term client relationships, anticipating threats and taking proactive measures to prevent disruptions and operational surprises, managing financials, driving continuous improvements, participating in various business forums, maintaining high team morale, reporting and a host of other deliverables, all of which need to be accomplished without compromising on the primary task of managing people, performance and operational delivery.

Hence, it is not surprising that managers are touted as one of the most critical components of any organization and the success of an enterprise is largely dependent on the competence of its managers.

Role of Distance MBA in Sharpening Management Skills

In order to succeed as a manager, one has to demonstrate diverse skills and traits, some of which are inherently present in one’s personality and quite a few that can be acquired in tandem with one’s existing job by virtue of an intensive and an all-pervading management programme such as a Distance MBA from a premier institute like MIT School of Distance Education (MITSDE). The latter offers a vast range of professional courses that are meticulously designed to provide you with a holistic view of multifarious business concepts and cutting-edge management skills while keeping you abreast of the latest industry trends and emerging market scenarios.

If you are an aspiring manager and wondering if a correspondence MBA can benefit you in your professional career, then here’s a quick gist of how you can harness the exhaustive course curriculum of an MBA programme to extract vital skills that can help you outshine in your managerial role and aid you in becoming a better manager in the days to come.

Operation Management Skills – As a manager, you will have to ensure smooth functioning of day-to-day operations while ensuring that your resources are made use of in an efficient and optimal manner. Moreover, timely delivery of services is of utmost importance and so is the quality of work that has to match the set benchmarks. To hone your ability to manage operations in a profitable and smart way, you can enrol for a correspondence MBA with a specialization in Operations. In order to benefit working professionals with time constraints, MITSDE offers novel one and two year flexible PGD courses in Operation Management that impart essential know-how on Operations Management, Legal Framework & Business, Project Management, Risk Management, Production/Planning/Control, Managing E-Business, Enterprise Resource and Planning and various other critical aspects that form the foundation of an organization’s operational excellence strategy.

People Management Skills: Needless to say, people are one of the most important assets of any organization as they are the ones who perform the actual task at hand and deliver the end product or service. What makes a manager’s job most exciting and arduous is his or her ability to build trust within the team and direct the team effectually to get the work done as per the expectations of the clients and key stakeholders. Likewise, a manager is also actively involved in the coaching, mentoring and career progression of his or her team members and is responsible for motivating and inspiring them enough to draw optimal performance out of them.  A Distance MBA in Human Resource Management is a viable option for budding managers as it empowers them with strong personnel management, training & development, recruitment/selection/retention and several other skills that are necessary for effective people management.

Project Management Skills: Overseeing projects with tight deadlines and stiff budgets is not uncommon to a manager. Sound planning, robust time management and impeccable execution skills are essential to accomplish the assigned projects within the given timelines and with matchless quality and precision. By opting for MITSDE’s one year unique PGD course in Project Management, you will not only be able to imbibe the aforementioned skills but also get a one of a kind opportunity to brush up on your ability to analyse, organise, delegate, evaluate and estimate accurately.

In-depth Industry Knowledge and Business Acumen: It goes without saying that a manager cannot lead the team well if he or she lacks a firm grasp on the key business fundamentals and the latest industry insights. A manager must endeavour to widen his or her perspective on various matters that are relevant to one’s chosen domain and strive continuously to augment his or her awareness of the emerging tools and technologies that can change the way the world does business today. These days, one has the option to specialize across a breadth of industries and niche fields by pursuing a Distance MBA in areas such as Retail Management, Business Administration, Information Technology, Telecom, Marketing, Finance, Supply Chain etc. A thorough understanding of your domain will hold you in good stead when you have to guide your team in overcoming complex process-related bottlenecks and/or are called upon to provide expert industry insight in matters pertaining to upcoming business ventures or growth strategies.

Networking & Collaborative Skills:

Last but not the least, a correspondence MBA will provide you with a rare chance to join your MBA alumni network and forge valuable partnerships with your peers, many of whom may eventually become your working colleagues or business partners. Such associations will help you enhance your networking, teamwork and collaboration skills which are non-negotiable in your role as a manager.