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Discover Kolkata's Top Business Analytics Institutes. Boost your career with data analysis and market research skills. Click to read more.

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All About Business Analytics And How The Tools Are Used

Let's start by defining the differences between traditional analytics and data analytics. Although there is a difference, the terms are frequently used interchangeably. Traditional data analytics is the process of delving into vast amounts of gathered data in order to derive conclusions and forecasts. 

Using prebuilt business content and instruments that speed up the analysis process, business data analytics (also known as business analytics) with a PGDM in Business Analytics degree takes that concept and applies it to the context of business insight.

Business analytics with a PGDM in Business Analytics degree specifically refers to:

Collecting and handling old business data.

Examining that information to find trends, patterns, and underlying causes.

Utilizing those insights to inform data-driven business decisions.

In other words, the term "data analytics" refers to the modern analytics process more broadly. As the overall volume of data has increased, business analytics, which implies a more focused approach, has functionally become more common and more significant for organizations all over the world.

Organizations can combine data from various departments, including sales, marketing, HR, and finance, using cloud analytics professionals with a Postgraduate Diploma degree and knowledge of tools to create a unified view that illustrates how the performance of one department can affect that of the others. In addition, tools like visualization, predictive analytics, and scenario modeling provide a wide range of original insights throughout the entire organization. 

Using tools for business analytics taught in the PGDBA course

The many separate elements of Post graduate in Business Analytics come together to produce insights. The process actually begins with the infrastructure for bringing that data in, even though business analytics tools handle the aspects of crunching data and generating insights through reports and visualization. The following is a typical business analytics process workflow taught in PGDM in Business Analytics:

Data collection: All data must be gathered and centralized for access, regardless of where it originates, including from IoT devices, apps, spreadsheets, and social media. The collection procedure is made noticeably simpler by using a cloud database.

Data Mining: Data must first be sorted and processed before being stored (typically in a data lake) and used in data mining. Data scientists can concentrate more on developing insights rather than manual logistical tasks by using machine learning algorithms to accelerate this process by identifying patterns and repeatable actions, such as creating metadata for data from specific sources.

Descriptive analytics: What is happening and why is it happening? Descriptive analytics These queries are addressed by descriptive data analytics to develop a deeper comprehension of the data's narrative.

Predictive analytics: With sufficient data and descriptive analytics processing, business analytics tools can begin to create predictive models based on trends and previous data. Thus, decisions in the future involving organizational and business choices can be informed by these models.

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[nl-dalmia-institute-nldimsr]

From Aspiration to Achievement: Meeting PG Diploma in Finance Eligibility Standards

Embarking on a journey towards advancing your career with a Postgraduate Diploma in Finance is an exciting decision. It's a path that opens doors to vast opportunities in the financial sector, equipping you with the skills and knowledge essential for high-level positions. Understanding the eligibility criteria for enrolling in a PG Diploma in Finance is the first step in turning your aspirations into achievements. This guide aims to simplify the PGDM course eligibility, making it easier for prospective students to prepare and apply confidently.

Understanding PGDM Course Eligibility

Eligibility criteria for a Postgraduate Diploma in Finance may vary slightly from one institution to another. However, there are common requirements that most institutions agree upon. Let's break these down into simple, easy-to-understand points:

Educational Qualification: The foundational requirement is a bachelor's degree in any field from a recognized university. Whether you come from a commerce, science, arts, or engineering background, as long as you have a graduation degree, you are a step closer to qualifying.

Minimum Marks Requirement: A common criterion across many institutions is the minimum marks threshold in your undergraduate studies. Typically, this is around 50% aggregate for general category students and a slightly relaxed percentage for SC/ST candidates. This ensures a fair chance for all applicants, maintaining a standard of quality and competence among students.

Entrance Exams: Most institutes require scores from entrance exams like CAT, XAT, GMAT, CMAT, or MAT. These exams assess your quantitative ability, logical reasoning, language skills, and general awareness. Achieving a good score in any of these exams demonstrates your readiness for the rigorous curriculum of a finance diploma.

Work Experience: While not always mandatory, some institutions value work experience. It can be a bonus point for your application, especially if your experience is relevant to finance or management. However, fresh graduates without work experience are also warmly welcomed and considered on the strength of their academic achievements and entrance exam scores.

Personal Interview: Finally, the personal interview round is where you get to showcase your passion, motivation, and personality. It's an opportunity for the institute to assess your suitability for the program and for you to express why you're keen on pursuing a PG Diploma in Finance.

Preparing for Eligibility

Meeting the PGDM course eligibility requires preparation and strategy. Here are a few tips to ensure you're well-prepared:

Focus on Graduation Scores: If you're still pursuing your undergraduate degree, aim for the best possible scores. It forms the basis of your eligibility and can set a strong foundation for your application.

Entrance Exam Preparation: Start preparing for the entrance exams early. Choose the ones that align best with your strengths and the requirements of your preferred institutions. Utilize resources like coaching centers, online courses, and study groups to enhance your preparation.

Gain Practical Experience: If possible, gain some practical work experience, even if it's through internships or part-time jobs in the finance sector. This not only strengthens your application but also gives you a taste of what to expect in your future career.

Prepare for the Interview: Work on your communication skills and be ready to discuss why you want to pursue a PG Diploma in Finance, your career goals, and how you believe the program will help you achieve them.

N.L. Dalmia and PGDM in Finance

When talking about institutions that offer an esteemed PG Diploma in Finance, N.L. Dalmia Institute of Management Studies and Research stands out for its commitment to excellence and innovation in education. The institute offers a PGDM program that is specifically tailored to meet the demands of the dynamic finance sector.

Curriculum: The PGDM course at N.L. Dalmia is designed to provide a deep understanding of financial concepts, tools, and applications. It blends theoretical knowledge with practical exposure, preparing students for real-world challenges.

Faculty: The institute boasts a faculty of seasoned professionals and academicians who bring a wealth of knowledge and experience to the classroom, enriching the learning experience.

Infrastructure: State-of-the-art facilities and resources support the learning journey, including a well-stocked library, modern classrooms, and advanced financial labs.

Placement: With a strong placement record, N.L. Dalmia ensures that its graduates are highly sought after by top companies in the finance sector, helping them kickstart their careers with promising opportunities.

Eligibility Criteria: Aligning with the standards discussed, N.L. Dalmia maintains a clear and accessible set of eligibility criteria for its PGDM in Finance program, inviting a diverse and talented pool of applicants.

Conclusion

Achieving your dream of holding a Postgraduate Diploma in Finance is within reach if you understand and meet the eligibility requirements with institutions like N.L. Dalmia PGDM offers a nurturing environment and a robust curriculum.

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Advance your career with VJIM's PGDM in Business Analytics. Located in Hyderabad, we offer cutting-edge curriculum and experienced faculty to guide your journey. Dive into data-driven success at https://vjim.edu.in/.

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Join our PGDM in Business Analytics and unravel the incredible potential of data. Be at the forefront of the analytics revolution and make smarter business choices.

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[vbs2022]

From the latest industry trends and technologies to hands-on training and real-world experience, a PGDM in Operations and Supply Chain Management provides the ideal platform for individuals looking to build a dynamic career in this field. This article explains why pursuing a PGDM in Operations and Supply Chain Management can lead to a successful and lucrative career. 

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[firebirdmba]

DIFFERENCE BETWEEN PGDM AND MBA

Confused about what are the options after graduation if you plan to make your career in management? The best options would be PGDM or MBA. Now the difference if you want to know about MBA and PGDM would be, MBA will offer you a degree which is much more of a technical and theoretical aspect of management wherein the PGDM offers you a program which has more of practical exposure in terms of current industry driven curriculum.

COURSE OFFERED

The Courses offered through PGDM is through Autonomous college, recognised by AICTE whereas MBA is offered through colleges affiliated to universities.

COURSE TYPE

The PGDM course syllabus is updated as per the needs of the industry and MBA is updated less frequently.

COURSE FEE

The course fee is higher for a PGDM programme as it is provided by autonomous colleges whereas MBA is affordable as provided by central/state universities.

PLACEMENTS

PGDM offers better placement record than MBA

TEACHING METHOD

The teaching pedagogy of PGDM will be superior, flexible and innovative and MBA will be average, rigid and routine.

PGDM and MBA are both business-orientated courses. The main aim of the course is to equip a person who wants to move up in the hierarchy and enter into the management field.

Both MBA and PGDM courses have common core subjects. However, some experts claim most MBA courses focus more on theoretical and technical aspects of management rather than adopting a practical approach. PGCP or PGDM courses have an industrial orientation and focus on skills based on market requirements.

MAJOR DIFFERENCES BETWEEN MBA AND PGDM

Though both the courses conduct knowledge grounded on the same content, that is, business, both take a different approach towards it and therefore a lot of differences between the two courses can be observed. The scholars have to choose between the two, as per their preferences and according to what suits their requirements. The differences are mentioned below

1. Form of the Course - MBA is a degree course, offered by universities and are UGC combined, whereas PGDM is a parchment course offered by private business institutions. While MBA has a more theoretical approach to the content, PGDM Course (Degree) offers a more practical approach.

2. Curriculum - As the MBA syllabus is substantially determined by the university, it can be taken that the syllabus and the curriculum for the course, in two colleges under the same university, will be the same. The syllabus nearly stays the same for 3- 7 years. In PGDM still, the syllabus and curriculum are decided by the individual institutions and therefore no two colleges have the exact same PGDM syllabus. also, the syllabus is subject to change every year, as per the decision of the council.

3. Chances of Fraud - numerous a time it happens, that colourful independent small institutions declare that they offer PGDM courses, without making proper accommodation for the same. therefore, the scholars have the chance to suffer from fraudulence. On the other hand, MBA courses are substantially offered by famed universities, and therefore the chances of fraudulence are comparatively less. One thing to avoid this is to check for delegation from authorised signatories and bodies governing the educational regulation.

4. Aim - Although the core subjects are nearly the same, the approach is different. PGDM from a good institution teaches the scholars a lot of other effects from outside the book. The syllabus contains case studies, videos from the field, rearmost developments, to explain the generalities more easily to the scholars. Innovative curriculum organised by the scholars help them to vitalise their logical, directorial and leadership traits, which are demanded for the important positions in the field. Whereas, MBA concentrate more on books.

5. Cost of Pursuing (freights and Return on Investment) - MBA courses have comparatively lower freights than PGDM. The universities admit aid from the government, and therefore the scholars have to bear smaller freights. still, the private sodalities offering MBA courses, charge much advanced. While considering the freights criteria, scholars should take into consideration the overall return on investment on both these courses, which means getting a better understanding of which course will snappily cover the freights paid through average payment and the time involved, which would work more in long term.

6. Duration of the Course - Both the courses have a duration of 2 times, but MBA follows a semester pattern, while PGDM follows a trimester pattern.

7. Average payment after the course - It has been observed that scholars with a PGDM degree have an advanced payment than scholars with MBA. The starting payment for MBA graduates is Rs 7- 10 lakhs per time, whereas the average starting payment for PGDM graduates is Rupees 12-15 lakhs per annum.

8. Career openings - After completing an MBA One can work as an HR director, Business Critic, Marketing director, Finance Advisor, Investment Banker and after completing a PGDM course, one can work as a Project Manager, Data Scientist, Auditor, Tax Specialist, Advisor.

9. Admission through Entrance Examinations - Both the programs accept scores on tests like CAT, MAT, ZAT, etc. Universities offering MBAs also accept scores from state- position examinations. PGDM institutions, unlike MBA, don't have any specific cut- off, but the selection depends on factors similar as once academic performance and achievements, piecemeal from the test score.

10. Modernised Curriculum - During the selection of curriculum/ syllabus for PGDM courses, the authority seeks advice from experts to design a course best suited for the corporates, which isn't the case in MBA.

WHICH SHOULD ONE GO FOR — MBA OR PGDM?

According to the current scenario, it'll be more profitable for the students to conclude for PGDM courses, as the course is concentrated on practical assignments and is more practical/industry-applicable, as per the current job request. As the syllabus is customized every time, there's a possibility that the student will learn and gain experience with a wider variety of business generalities than an MBA. Also, PGDM prepares you for facing real- life field challenges through its eschewal- of- the- book tutoring methodology, unlike MBA. Still, if there are enterprises regarding the generally high freights of operation programs, one should choose MBA.

CONCLUSION

This article can be used as a guide for the students who want to pursue one of the mentioned programs, but are having difficulty in choosing which one will suit them the most. This blog contains the major differences between the two programs, according to what the courses have in the pail for the scholars pursuing them. We've mentioned all points of difference that separate one course from the other. As mentioned, the prospect of pursuing PGDM as per the business trends in 2022 is better. Nevertheless, scholars can more understand the essentials and unborn advantages of both these courses through this article and pick a career more rightfully suited for them.

Composed by, Dr. S.Anjali Daisy, Associate Professor, Firebird Institute of Research in Management.

FULL TIME RESIDENTIAL PROGRAMME PGDM IN GENERAL MANAGEMENT PGDM IN BUSINESS ANALYTICS PGDM IN FINTECH PGDM IN DIGITAL MARKETING

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INTERNATIONAL INSTITUTE OF MANAGEMENT STUDIES

The PGDM program at IIMS take a long-term view of business education and prepare students for long and fulfilling careers. Our multi-disciplinary, application based curriculum provides life skills and practical knowledge that allows us to create innovators, thought-leaders, and entrepreneurs who can reinvent the future of doing business in new ways. Through these programs, we enable our students to become business ready and to lead from the day they step into industry.

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Begin your PGDM journey at ABBSSM, the best PGDM college in Bangalore . Our program sharpens both hard and soft skills, molding you into an industry-ready professional. Enroll now!

Address: Begin your PGDM journey at ABBSSM, the best college in Bangalore. Our program sharpens both hard and soft skills, molding you into an industry-ready professional. Enroll now!

Number: 9141707070

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