Psychology Education

Unveiling Excellence in Psychology Education

IILM University

Are you passionate about unravelling the mysteries of the human mind? Do you dream of pursuing a career in psychology? Look no further than IILM University, a distinguished institution that has been making waves in the field of psychology education. In this blog, we will delve into the reasons why IILM University is recognized as one of the best colleges for psychology in India.

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Academic Excellence:

IILM University is renowned for its commitment to academic excellence. The psychology program at IILM University offers a comprehensive curriculum that covers various aspects of psychology, providing students with a well-rounded education. The faculty members are highly qualified and experienced, ensuring that students receive the best guidance and mentorship throughout their academic journey.

Practical Learning Opportunities

At IILM University, the focus is not just on theoretical knowledge but also on practical application. The university provides students with ample opportunities to engage in hands-on learning experiences, such as internships, research projects, and fieldwork. This practical exposure enables students to develop the necessary skills and competencies required in the field of psychology.

State-of-the-Art Facilities

IILM University is equipped with state-of-the-art facilities that enhance the learning experience. The university has modern classrooms, well-stocked libraries, research labs, and dedicated spaces for counseling and therapy sessions. These facilities provide students with a conducive environment for their studies and research, fostering a holistic learning experience.

Industry-Integrated Curriculum

The psychology curriculum at IILM University is designed to align with industry requirements. The university collaborates with leading organizations and professionals in the field to ensure that students are equipped with the knowledge and skills demanded by the industry. This industry integration enhances students’ employability and prepares them for a successful career in psychology.

Holistic Development

IILM University recognizes the importance of holistic development. Along with academic learning, the university emphasizes the development of essential soft skills, critical thinking, and problem-solving abilities. Students have access to various co-curricular activities, clubs, and societies that foster personal growth, leadership skills, and a well-rounded personality

Placements and Alumni Network

IILM University boasts a strong placement record in the field of psychology. The university has tie-ups with leading organizations, providing students with excellent placement opportunities. Additionally, the extensive alumni network of IILM University opens doors to valuable connections and mentorship opportunities for aspiring psychologists.

Choosing the best college for psychology education is a significant decision that will shape your career. IILM University stands out as a beacon of excellence, offering a nurturing and academically stimulating environment for psychology enthusiasts. The university’s focus on academic rigor, practical learning, state-of-the-art facilities, industry integration, and holistic development sets it apart as one of the best colleges for psychology in India.

Embark on an enriching educational journey at IILM University and unlock your potential in the field of psychology. With a blend of academic excellence, practical exposure, and holistic development, IILM University equips students with the skills and knowledge necessary to make a meaningful impact in the field. Join IILM University and pave the way for a successful and fulfilling career in psychology

MBA in Finance Career, Salary, Job, Eligibility, Fees – 2023

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By H. Karan Kumar  | Dr. Taran Kaur

Why MBA in Finance?

An MBA in Finance combines business management principles with financial management and analysis, equipping students with the skills to effectively manage financial resources, track financial performance, and make informed, data-driven financial decisions. It serves as a guide for students, helping them understand how to navigate financial stability, growth, and risk management in organizations.

As the business environment becomes increasingly complex, the need for financial expertise in an organization is more crucial than ever. An MBA in finance equips the student to professionally interpret valuable insights on a company’s financial health, investments, and capital markets and strategize to increase the profitability of the company. Using these insights, companies can streamline their financial operations, optimize their financial resources, and make strategic decisions to drive growth and success. 

For the past +30 years, IILM has been training students to become proficient financial managers.

Also Read:

Application of MBA Finance in Industry:

Financial companies require professionals who can effectively manage their financial resources, analyze market trends, and make strategic financial decisions. Ever heard of Reliance Industries Limited, led by Mukesh Ambani, one of India’s most influential business magnates? The tremendous success of Reliance Industries can be attributed to shrewd financial management and investment strategies. 

They have proficiently managed their diverse portfolio of companies across sectors such as telecommunications, petrochemicals, textiles, and retail, ensuring financial stability and consistently strong performance. This is just one instance showcasing how proficient “financial management” can propel a company’s growth and confer a competitive advantage in the market.

Skill & Competencies of MBA Finance:

Here are a few key skills you’ll learn in this course and how these skills can help bolster an organization’s growth.

  • Financial Analysis: This involves the study of a business’s financial statements to assess its financial health and make informed investment decisions.
  • Investment Strategy: You’ll learn how to create a balanced investment portfolio that maximizes returns and minimizes risk.
  • Risk Management: This course will teach you how to identify, assess, and mitigate financial risks.
  • Corporate Finance: Understanding the principles of corporate finance is crucial to making strategic decisions about investments, capital structure, and dividend policy.
  • Financial Modeling: You’ll learn how to create financial models to predict a company’s future financial performance.

Industry Experience of IILM: The PG course at IILM is designed keeping in mind industry needs, and this course is constantly revised as per the needs of financial companies and market trends to keep pace with industry trends. As one of the leading PG universities in India, IILM is dedicated to equipping its students with valuable industry skills and preparing them for future challenges.

MBA Finance Salary:

Year

Highest

Average
2021 16 LPA 8 LPA
2022 18 LPA 8 LPA

Scope of MBA in Finance:

In our ever-evolving business landscape, finance reigns supreme. The PG course in finance opens a world of opportunities, from financial analysis and investment management to fintech and risk assessment. As businesses grapple with intricate financial decisions, the demand for experts who can navigate through these complexities is soaring. Professionals in finance are now strategic partners, guiding firms toward financial stability and growth. From orchestrating mergers and acquisitions, and managing portfolios, to harnessing the power of digital finance, they help steer the course of businesses.

Moreover, they’re vital in the public sector too, shaping economic policies and managing funds. With its wide application and impactful roles, a career in finance is not just rewarding but also pivotal in today’s business realm.

Eligibility for MBA in Finance:

To be eligible for admission, applicants should have a bachelor’s degree from a UGC-recognized university or equivalent institution, with a minimum aggregate score of 50% or an equivalent grade (CGPA/CPI, etc.). Candidates in their final year of the bachelor’s degree program can also apply, but they must provide the final year degree certificate/mark sheet later. Admission for these candidates will be provisional until they submit valid proof of passing the bachelor’s degree examination with the required percentage of marks before the prescribed last date. Failure to do so might result in the automatic withdrawal of admission without further notice.

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Career Opportunities after PG in Finance:

Having facilitated placements for PG students for years, IILM has a unique perspective on the various job profiles offered to PG Finance graduates:

Financial Services:

  • Financial Analyst
  • Investment Banker
  • Wealth Manager

Corporate Finance:

  • Corporate Finance Manager
  • Financial Controller

Risk Management:

  • Risk Manager
  • Insurance Manager

Capital Markets:

  • Equity Research Analyst
  • Portfolio Manager

Public Sector:

  • Financial Advisor
  • Budget Analyst

Commercial Banking:

  • Commercial Banker
  • Loan Officer
  • Credit Analyst

MBA Business Analytics Fee & Scholarship:

MBA Business Analytics Fee: IILM is known to have a competitive and justified fee structure, along with various scholarship programs to support the students who deserve it. Here’s the complete breakdown of the fee structure for the MBA in Business Analytics.

Fee

Total
Year 1 5.4 Lakh 10.8 Lakh
Year 2 5.4 Lakh

Scholarship:

MBA students can get 10-40% of fee concession at IILM University here’s the detail about the scholarships:

Percentage

Eligibility
40% 80% in 12th + 70% in bachelor + 700 in MAT or 300 in CMAT or 240 in NMAT
20% CAT/XAT percentile between 71 to 79
10% 60% above in B.Tech. or B.E.

MBA Marketing Career, Salary, Job, Eligibility, Fees – 2023

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MBA in Marketing At a Glance:

MBA in Marketing is a program that combines business management with marketing strategies. Its aim is to help businesses understand their target audience, create compelling campaigns, and utilize innovative tools for effective marketing of products and services. This program acts as a creative hub and operational engine to drive an organization’s marketing efforts towards optimal results, expanding its reach and influence.

In today’s highly competitive markets, it is essential for companies to differentiate themselves from their competitors. An MBA in marketing provides organizations with valuable insights into consumer behavior, market trends, and effective communication strategies. Armed with this knowledge, businesses can develop impactful campaigns, enhance their brand image, and make strategic decisions that contribute to their growth and success. IILM has been preparing students to excel as marketing professionals for the past 10 years.

How Marketing Helps Companies:

You may be familiar with companies like Apple, Nike, or Starbucks, renowned for their marketing strategies. Ever wondered how these companies managed to gain such a solid foothold in their respective markets? They owe it all to their innovative marketing approaches.

For instance, Apple’s marketing strategy revolves around creating a lifestyle and a strong brand image rather than just selling products. They used innovative advertising campaigns and product presentations to create a cult-like following, turning their customers into brand ambassadors. This smart marketing move has significantly contributed to Apple’s revenue and dominance in the technology industry.

This is just a glimpse of how effective “Marketing Strategies” can amplify a company’s growth and provide them with a competitive edge in the market.

MBA marketing

What will you learn in an MBA in Marketing:

Here are some crucial skills that you’ll acquire in this course and how these skills can help escalate an organization’s success.

  1. Consumer Behavior: You’ll learn how to understand and predict consumer behaviors and use this information to make strategic marketing decisions.
  2. Brand Management: This course will teach you how to build and maintain a strong brand image, ensuring a lasting impression on your target audience.
  3. Digital Marketing: In the Internet age, it’s crucial to master digital marketing strategies, including SEO, content marketing, social media marketing, and email marketing.
  4. Market Research: You’ll learn to conduct thorough market research, identify trends, and leverage these insights to make data-driven marketing decisions.
  5. Advertising and Promotion: Understanding different advertising platforms and promotion techniques to increase product awareness and sales.

Industry Experience: As one of the leading MBA universities in India, IILM is committed to providing its students with valuable industry skills and preparing them for future challenges.

MBA Marketing Salary:

Year

Highest

Average
2021 16 LPA 8 LPA
2022 18 LPA 8 LPA

Scope in MBA Marketing:

The company’s need for adept “marketing professionals” is ceaseless. Given today’s hyper-connected landscape, consumers are continually influenced by various channels of communication, which companies use to articulate their brand narrative and promote their products/services compellingly. None of these narratives can be effectively constructed without the involvement of a marketing professional, who can craft strategic marketing plans and execute them innovatively.
Beyond just brand communication and promotion, a marketing professional has immense potential in areas like market segmentation, consumer behavior analysis, brand positioning, and so much more.

Further in the article, we’re going to discuss in detail the diverse job roles that marketing professionals often secure.

Eligibility for MBA in Marketing:

To be eligible for admission, applicants should have a bachelor’s degree from a UGC-recognized university or equivalent institution, with a minimum aggregate score of 50% or an equivalent grade (CGPA/CPI, etc.). Candidates in their final year of the bachelor’s degree program can also apply, but they must provide the final year degree certificate/mark sheet later. Admission for these candidates will be provisional until they submit valid proof of passing the bachelor’s degree examination with the required percentage of marks before the prescribed last date. Failure to do so will result in the automatic withdrawal of admission without further notice.

Applicants should have valid test scores in one of the following national-level tests conducted in the current year: CAT (conducted by IIMs), XAT, MAT, NMAT, CMAT, or GMAT. It’s important to note that IIMs and XLRI have no involvement in the selection process or the program’s conduct. GMAT scores are valid for 5 years, so please ensure that your scores remain valid until the enrollment date specified in the schedule.

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Job Roles Offered after doing MBA in Marketing:

IILM has been facilitating placements for MBA students for several years, and being a part of this institution, I am well-positioned to provide an exhaustive list of job profiles offered in different areas:

Sales and Business Development:

  • Area Sales Manager
  • Business Development Executive

Marketing and Branding:

  • Brand Manager
  • Product Manager

Digital Marketing:

  • Digital Marketing Manager
  • SEO Manager
  • Content Marketing Manager

Advertising and Media:

  • Media Planner
  • Advertising Manager

Public Relations (PR):

  • Public Relations Officer
  • Corporate Communication Manager

Market Research:

  • Market Research Analyst
  • Consumer Insight Manager

MBA Marketing Fee & Scholarship:

MBA Business Analytics Fee: IILM is known to have a competitive and justified fee structure, along with various scholarship programs to support the students who deserve it. Here’s the complete breakdown of the fee structure for the MBA in Business Analytics.

Fee

Total
Year 1 5.4 Lakh 10.8 Lakh
Year 2 5.4 Lakh

Scholarship:

MBA students can get 10-40% of fee concession at IILM University here’s the detail about the scholarships:

Percentage

Eligibility
40% 80% in 12th + 70% in bachelor + 700 in MAT or 300 in CMAT or 240 in NMAT
20% CAT/XAT percentile between 71 to 79
10% 60% above in B.Tech. or B.E.

MBA Business Analytics Career, Salary, Job, Eligibility, Fees – 2023

Career Development (Placement)

What is MBA Business Analytics:

MBA in Business Analytics combines business management with data analysis. It assists businesses in assessing their performance, locating areas for improvement, and making data-driven decisions to achieve their objectives. 

It serves as a map and compass to steer the corporate ship towards goals, avoid dangers, and make the most use of resources. 

With every passing day, the markets are becoming more and more competitive. The company has to stay updated with all the happenings in the industry as well as within the company, so that’s where a Business analyst comes in. An MBA in business analytics can help companies gain valuable insights into their operations, customers, and markets. With these insights, businesses can identify areas for improvement, optimize processes, and make informed decisions that can drive growth and success.

IILM has been preparing students to become great business analysts for the past 10 years.

How Business Analytics Help Companies:

Do you know, all the digital services like Netflix, Zomato, Amazon Shopping, Make My Trip, etc. that we are using today, are running on cloud services that are provided by Amazon. But have you ever wondered how come Amazon became a monopoly in providing cloud services despite IT giants like Google, Microsoft, etc. in the market? The company gives all its thanks to business analytics.

Amazon did market research, studied the pattern of technological advancement, and identified the growth potential in the market for cloud services. They launched AWS, and it became an instant hit in the market, and today AWS contributes a significant amount of revenue to the company. 

This is just one example of how “Business Analytics” skyrocketed the growth of a company and gave them a competitive edge in the market.

What will you learn in MBA Business Analytics:

Here are a few key skills that you’ll learn in this course and how these skills will help you grow an organization.

  1. Data Analytics: It helps you make more logical and data-driven decisions, for example, a tea stall chain owner can use data analytics to identify places with more customer footfalls, do customer segmentation & design its services accordingly, etc.
  2. Predictive analytics: This course teaches you how you can logically predict/estimate/calculate the future of the market or how your product or service will perform in the market in the upcoming years.
  3. Data Management and Security: Business analytics is all about the data, so it is very important to not let your customers’ data get into the wrong hands and keep it updated and safe.
  4. Big Data Analytics: Here you’ll learn how to work with huge data sets with the help of software like Hadoop, Spark, NoSQL databases, etc.
  5. Statistics: Understanding statistical concepts, hypothesis testing, and regression analysis to extract insights from data.

Industry Experience: Being one of the best MBA universities in India, IILM is dedicated to equipping its graduates with relevant industry skills and preparing them for upcoming challenges.

MBA Business Analytics Salary:

Year

Highest

Average
2021 16 LPA 8 LPA
2022 18 LPA 8 LPA

Scope in Business Analytics:

The company’s thirst for skilled “business analysts” will never end. Because in today’s digital landscape, everyone is continuously generating their data footprints, which companies use to precisely recommend the most relevant products/services to them. None of these recommendations can be made without the involvement of a business analyst, who can collect the data and extract useful insights from it.

Other than just making recommendations, a business analyst has huge scope in predictive analysis, risk analysis, operation analysis, financial analysis, and much more.

Further in the article, we’re going to talk more about the job roles that business analysts get offered.

Eligibility for MBA Business Analytics:

To be eligible for admission, applicants should have a bachelor’s degree from a UGC-recognized university or equivalent institution, with a minimum aggregate score of 50% or an equivalent grade (CGPA/CPI, etc.). Candidates in their final year of the bachelor’s degree program can also apply, but they must provide the final year degree certificate/mark sheet later. Admission for these candidates will be provisional until they submit valid proof of passing the bachelor’s degree examination with the required percentage of marks before the prescribed last date. Failure to do so will result in the automatic withdrawal of admission without further notice.

Applicants should have valid test scores in one of the following national-level tests conducted in the current year: CAT (conducted by IIMs), XAT, MAT, NMAT, CMAT, or GMAT. It’s important to note that IIMs and XLRI have no involvement in the selection process or the program’s conduct. GMAT scores are valid for 5 years, so please ensure that your scores remain valid until the enrollment date specified in the schedule.

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Job Roles Offered after doing MBA in Business Analytics:

IILM has been conducting student placements for MBA students for a very long time, and being an integral part of this organization, I feel myself to be the most eligible person to answer this question. So here’s the complete breakdown of all the various job profiles offered in different profiles:

Finance Profile

  • Financial Analyst
  • Risk Analyst
  • Financial Consultant

Marketing Profile

  • Marketing Analytics Manager
  • Customer Analytics Manager
  • Product Manager

Sales Profile

  • Sales Analyst
  • Business Development Manager

Digital Marketing

  • Digital Marketing Analyst
  • SEO Analyst
  • Social Media Analyst

Human Resources (HR)

  • HR Analytics Specialist
  • Talent Acquisition Analyst

General Management

  • Operations Manager
  • Strategy Manager
  • Business Intelligence Manager

MBA Business Analytics Fee & Scholarship:

MBA Business Analytics Fee: IILM is known to have a competitive and justified fee structure, along with various scholarship programs to support the students who deserve it. Here’s the complete breakdown of the fee structure for the MBA in Business Analytics.

Fee

Total
Year 1 5.4 Lakh 10.8 Lakh
Year 2 5.4 Lakh

Scholarship:

MBA students can get 10-40% of fee concession at IILM University here’s the detail about the scholarships:

Percentage

Eligibility
40% 80% in 12th + 70% in bachelor + 700 in MAT or 300 in CMAT or 240 in NMAT
20% CAT/XAT percentile between 71 to 79
10% 60% above in B.Tech. or B.E.

Top 5 MBA Specializations for 2023

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By H. Karan Kumar  | Dr. Taran Kaur

Making the wrong choices might seriously delay your career and make it difficult for you to recover and compete with your peers – I’m speaking from personal experience here. Therefore, logically correct selections are critical in order to construct a good future for oneself.

Now that you have chosen MBA as your career path, the next step is to determine which specialization you want to pursue in the MBA/ PG course. Setting your preferences and priorities beforehand will give you clarity and prepare you for the upcoming challenges that you will be facing.

Exclusivity of IILM University: Faculty at “IILM University” conduct mentor-mentee meetings as a regular practice for career counselling to help students choose the right career path for themselves. At IILM, we have a separate unit dedicated to the Mentor-Mentee program, which helps students clear their career-related doubts and gives them counselling that digs out the talent within them and shows students the career opportunities they have.

Top Specializations in MBA:

  • Marketing
  • HR
  • Operations
  • Entrepreneurship
  • Finance

Also Read:

Specialisations at IILM that can get you success in job market

MBA specializations in Business analytics

  1. MBA in Operations & Business Analytics:

Skilled MBAs in business analytics who can help companies skyrocket their revenue, improve customer experience, (or) reduce their costs with data-driven decisions have a very high demand in the market, and companies crave candidates with good skills in Data/business analytics.

In business analytics, you’ll learn a variety of topics, including statistics, predictive modeling, and machine learning, along with business-related concepts such as strategy, leadership, and management. 

Opt for this if:
If you want to know how businesses like Zomato and Swiggy are able to earn well by showing you the most relevant food items and advertisements that excite customers, then you should check this career stream out and develop your skills in this specialization.

MBA marketing

  2. MBA in Marketing and Innovation:

MBA in marketing and innovation grads. help companies stay relevant in such market condition where change is the only constant. In this field, you’ll learn how to create and implement strategies that can help businesses develop new products, improve their market position, and reach new customers.

In this specialization, you’ll learn about various topics, including consumer behaviour, branding, digital marketing, product development, innovation management, etc. along with critical business concepts such as leadership, finance, and strategy.

Opt for this if:
If you ever get fascinated by Cadbury marketing campaigns and how they handle branding and their product placement then MBA in marketing and innovation is just the right course for you.

  3. MBA in HR Analytics:

Companies want skilled HRs to help them manage their workforce effectively and hire the right person who can drive the organization toward profitability. This field teaches you how to create and implement strategies that can help businesses attract, and retain quality workforces within their organizations.

In this field, you’ll go through various topics, including talent management, recruitment, compensation and benefits, organizational behaviour, and employee relations. You’ll also learn critical business concepts such as leadership, finance, and strategy.

Opt for this if:
If you are a “people person” who doesn’t have any problem communicating with people, building teams, and creating a positive work environment, then MBA in HR would be just the course for you.

  4. MBA in Entrepreneurship:

Companies are searching for MBA graduates with innovation in manufacturing processes, strategic modelling, entrepreneurial skills to streamline their operations, reduce costs, improve quality, and innovate their products. 

In this field, you’ll be given the challenge of optimizing production processes, managing supply chains, developing sustainable manufacturing practices, and other similar tasks. 

Opt for this if:

If the story of Toyota’s “Just in Time” strategy gets you excited about working on manufacturing plants and optimizing their efficiency, then this course is going to elevate your career.

  5. MBA in Financial Technology (FinTech):

Companies want skilled financial technology MBA grads to leverage technology and business analytics to improve their services. You’ll be working on developing/implementing innovative financial technology (fintech), solutions that can help businesses improve their efficiency, reduce costs, and enhance their customer experience.   

In this field, you’ll learn topics like blockchain technology, digital currencies, financial data analysis, and risk management, along with critical business concepts such as finance, marketing, and strategy. 

Opt for this if:

If you get mesmerized by seeing how companies like Zerodha, Bharat Pay, etc. have just revolutionized the way investment & transactions used to work traditionally. If you want to be the part of this revolution and get ahead in your career then Fintech is just the right field for you. 

Top Career Hunts for MBAs with the highest paying positions

Career Development (Placement)

In today’s cutthroat work environment, having an MBA can be quite beneficial to raise your salary package and gain an in-depth knowledge on business skills. With so many high-paying employment alternatives available, MBA graduates must know the top job options that can result in high wages and long-term success given the growing need for skilled professionals. This post will take you through 5 lucrative job positions that an MBA holder can pitch to showcase their business management skills, and the role of IILM University in helping MBA students to sharpen their business analytical skills which can help pitch their dream jobs.

Top 5 High-Paying Careers after MBA:

1. Investment Banking (Specialization Finance):

Fresher Salary: ₹6-12 Lakhs

One of the most sought-after professions for MBA graduates is investment banking. In this job role, you’ll be instrumental in securing funding for businesses, advising on mergers and acquisitions, and offering customers strategic financial guidance. You can succeed in this industry and get a substantial wage if you have a solid grasp of finance and great analytical abilities.

2. Marketing Management:

Fresher Salary: ₹7-12 Lakhs

For MBA graduates with excellent communication and analytical skills, marketing management is a well-liked job path. You’ll be in charge of creating and implementing marketing strategies as a marketing manager to boost sales, increase brand recognition, and increase your company’s market share. Marketing management is a desirable job path for recent MBA graduates due to the possibility of high earnings and career advancement.

3. Management Consulting:

Fresher Salary: ₹8-12 Lakh

Another frequent employment choice for MBA grads is management consulting. As a management consultant, you will work with companies to analyze their operations and suggest suggestions for change in order to help them perform better. You can have a major impact on your clients’ company while earning outstanding pay thanks to your knowledge of several management disciplines.

4. Private Equity:

Fresher Salary: ₹10-15 Lakh

Private equity specialists collaborate with investment firms to buy, run, and ultimately sell businesses across a range of industries. Having an MBA enables you to take advantage of your financial and analytical abilities to spot possible investment opportunities, assess their potential returns, and negotiate deals that are advantageous to your business and the firms you invest in. For MBA grads looking for a professional path, private equity is recognized for its high pay and bonuses.

5. Data Analytics Manager:

Fresher Salary: ₹7-14 Lakh

For companies trying to use data to drive decision-making and boost performance, data analytics has become a crucial area of focus. You may assist organizations in making data-driven decisions, creating data-driven strategies, and improving their operations as an MBA graduate with a background in data analytics. Excellent career prospects and earning potential are available in this profession.

Requisite Skills sets for each career path:

You’ll need to build a strong set of abilities and attributes if you want to excel in any of the high-paying aforementioned professions. Here are a few abilities that can help you secure a successful career in MBA:

  • Outstanding analytical and problem-solving skills (transdisciplinary; management skills- majors finance/marketing).
  • Excellent interpersonal and communication abilities (communication, writing skills & organizational behavior).
  • Possessing both leadership and team management skills (trans: op, management, strategic, OB).
  • Thorough knowledge of corporate operations and strategy.
  • Open to learning and adapting to the changes.

What we offer at IILM:

The MBA program at IILM University is designed accurately to make its students succeed in every aspect of their careers by teaching them real-time, industry-oriented concepts and equipping them with the skills high in demand in today’s job market.

Salary potential and growth opportunities

Depending on the industry, region, and years of experience, the typical compensation for these high-paying occupations after an MBA might vary significantly. However, these professions are renowned for providing competitive pay and lots of room for development as your career advances.

Summarizing:

Thus, completing an MBA can help you maximize your earning potential and professional development by opening up a wide range of high-paying work options. Investment banking, management consulting, private equity, data analytics, product management, marketing management, and entrepreneurship are among the most profitable and satisfying employment options for MBA graduates.

Building a strong skill set and remaining adaptable in the always-changing corporate environment are crucial for success in these sectors, and that’s where IILM University is stepping in to give MBA aspirants a brighter future and enhance their overall personality.

"This article is written by H. Karan Kumar in association with Prof. Taran Kaur."

How to Become a Lawyer at Judicial Court in India – 2023

Career Development (Placement)

Introduction:

Amid crores of pending court cases, India is witnessing a huge demand for skilled lawyers, advocates, and judges. A lawyer is a crucial part of the Indian judicial system, dedicated to maintaining harmony in society. However, none of this would be possible without the knowledge centers of our country, which are working tirelessly to provide law students with cutting-edge legal education and all the necessary practices required to mold them into successful lawyers. One such educational center is IILM University, which brings accomplished lawyers into the classroom to teach law students and provide them with real-life experiences with one of the biggest moot courts in the field.

In this article, I am going to guide you through the entire process of becoming a lawyer from scratch. You can also use this as a roadmap for your law journey.

Also Read:

Law as a career:

A job in law is very fulfilling because it gives lawyers the ability to change people’s lives and run the path of justice more effectively. They have the skill to represent clients, make arguments, and negotiate agreements as legal experts, having a big impact on people and communities. This line of work also provides access to powerful networks that link lawyers with other senior lawyers, judges, public servants, and corporate executives, establishing beneficial connections and providing chances for collaboration. A lawyer can also have a significant impact on society by promoting social reform, standing up for marginalized people, and helping to create fair and just laws. In short, a profession in law offers a special combination of benefits, authority, and the chance to have an enduring impact on society.

6 Steps to Become a Lawyer:

Here’s a full comprehensive guide to making a successful career in law:

1. Obtain a Law Degree (LL.B.)

You must first earn an undergraduate law degree (LL.B.) before you can practice law in India. The two main paths to earning an LL.B. are as follows:

1. Integrated Law Degree (5-year program):

This program is for students who have completed their 10+2 education. In India, a number of universities like (IILM University) provide integrated law programs like B.A. LL.B., B.Sc. LL.B., B.Com. LL.B., and B.B.A. LL.B.

2. 3-year LL.B. program

Graduates with a bachelor’s degree in any field are eligible for this program. The three-year LL.B. program offers comprehensive legal knowledge and only focuses on legal topics.

2. Clear the All India Bar Examination (AIBE):

You must pass the All India Bar Examination (AIBE) after earning an LL.B. in order to practice law. After passing the AIBE, you will receive the “Certificate/license of Practice,” which entitles you to represent clients in any court in the nation.

3. Gain Practical Experience:

You need to develop your practical legal experience if you want to advance in the legal field and become a judge. This includes working for law firms, running your own business, or giving corporations or government organizations legal advice. Concentrate on honing your legal skills in this phase, particularly those related to research, drafting, negotiation, client counseling, etc.

4. Prepare for Judicial Services Examinations

In India, you must pass the relevant State Judicial Services Examination or the Higher Judicial Services Examination in order to become a judge. The High Courts or Public Service Commissions of the relevant states are responsible for administering these tests.

1. State Judicial Services Examination

Eligibility: LL.B. degree and a minimum of 2-7 years of experience (varies by state)

2. Higher Judicial Services Examination

Eligibility: LL.B. degree and an age between 35-45 years.

5. Clear the Judicial Services Examinations

These tests are divided into three parts: the preliminary, mains, and interview. Civil and criminal laws, the Indian Constitution, the Indian Penal Code, the Code of Civil Procedure, the Code of Criminal Procedure, and other pertinent laws are frequently covered in the course curriculum. To perform well on the exams, it is essential to gain a thorough understanding of these subjects and practice frequently.

6. Undergo Judicial Training

You will be appointed as a judge (civil judge, junior division, or judicial magistrate, first class) after passing the judicial services examination, and you will go through a rigorous training program at the relevant state judicial academy. This training will equip you with the skills and knowledge necessary to perform your judicial duties effectively.

FaQs:

How long does it take to become a full-fledged lawyer:

To become a licensed lawyer, it can take you 6-7 years after your 10+2.

How much money can it take to become a lawyer?

The price may fluctuate at different colleges, but in IILM, it takes INR for your bachelor’s in law.

The best specializations to opt for in law are:

Here’re the most well-payed specializations in LAW: Corporate Law, Intellectual Property (IP) Law, International Law, Tax Law, Labour & Employment Law.

How much do lawyers earn?

Well, it depends on various factors but, here’s an average calculation: For entry-level: 5-8 LPA, For Experienced: 18-50 LPA, For Senior: 1 crore per Annum.

Read Related Content:

What to do if you score low in JEE mains 2023 | What Next?

Exam Watch

You gave it your all, took coaching at the best institute, and did everything in your control, but you missed it. I can 100% relate to you, and so can 800,000 other students too, who could not make it to JEE 2023. But it’ll be so silly of you if you think that it’s “the end” and you can’t do anything better in your life. As a failed IIT aspirant and a successful blogger, I can assure you that your 12th class is just one of the many beautiful phases of your life, and countless others have been through the situation you are in and made it great in their lives. 

However, I won’t keep you in a fairy tale by saying that “you are at no loss by failing JEE,” but instead tell you the real market condition and how you can get ahead of your peers who fortunately made it into the IITs or other good colleges. In this article, I’ll tell you what to do if you failed JEE or couldn’t score a good percentile in JEE Mains and how you can make good fortune despite being from a very ordinary college.

Accept the truth:

Be brave enough to accept that you didn’t do well in the exam, and the only major reason behind this failure is you. If you don’t change yourself, you are not going anywhere ahead in your life.

Many students play the blame game after failing the JEE, and their words are like, “I couldn’t get good teachers,” “The coaching environment was bad,” “If I’d have joined another coaching, my score would be better”, “My neighbors never stopped shouting,” or “My luck was bad.” All of these are excuses, and even if any such problem did exist, it would have become invisible if you had taken a firm stand.

You must have turned 18 by now, and you have to drink the bitter sip of reality that, because of your own decisions, you can no longer get the prestigious IIT brand behind your name. 

But wait, is getting a brand name that important?

The Reality of Getting into IIT:

Doing your B-tech at IIT or any other prestigious college does come with a lot of perks, but it doesn’t make you a god. Here, let’s evaluate the true value of getting into IIT.

If you manage to get a score high enough to make it into IIT or any good college, it tells us that the student has the caliber and mental capacity to penetrate the toughest and most crowded competitive exam in the whole country, but it doesn’t mean they are a god level intelligent being and no ordinary student can match their level of intelligence. Students in IIT have reported being unhired by any company during on-campus placements, and most importantly, an IIT degree can’t 100% guarantee a successful career.

Got a low score in JEE, now what:

As I said in the first paragraph, it’s not the end of your career but the beginning of the most interesting journey of your life. Now, in reality, you have many options and career paths to follow that can lead you to a bright future. Here’s the complete list of all the career options you have after failing JEE exam

  • Try Bitsat exam
  • Try your local state government college entrance exam
  • Try the good private college nearest to you.

Now you may question why I didn’t suggest attempting entrance examinations for other popular private colleges like VIT. See, in my opinion, all the private colleges are more or less the same, or at least are of the same kind. You couldn’t find any major differences between the two private colleges except for the size of the campus, fee structure, or other external factors. Whether it’s a highly reputed private college or the one nearest to your home, both will contribute the same to your career. So, in my opinion, paying an extremely high college/hostel fee to a private college will not add any extra value to your academics or career that an average private college can. One thing is for sure is that such huge colleges will give you a lot of freedom to fully enjoy your four years of college life.

How to choose the best private college for yourself:

You should be serious while selecting a college, as your career will be heavily impacted by it. You must do good research based on your interests, market demand, and future scope while selecting a college or opting for a course.

Also Read:

See, a college is made by students studying there. So, the most crucial step in the college search is alumni research and student reviews. Here are a few steps that you can take as a guide while searching for the right college for you:

  • Consider the location: You’ll be spending 4 years in your college and if reaching your campus itself is a matter of great trouble for you then you’re gonna have a hard time being in your college.
  • College fee matters: If your college fee is way too high, then it could be a red flag for you, and at the same time it shouldn’t be too low either. In general, a golden number could be 7lakh for your whole college fee. Because paying an extremely high fee for your B-Tech may not be worth the money because in the end its knowledge and skills that matter and a good college with a fee of around 7-9 lakh can deliver you good results.
  • Campus Environment: As I already mentioned, college is made of its students and your 4 years B-Tech journey will be highly dependent on how uplifting or downgrading your college environment is. 
  • Check Accreditations & Collaborations: A college can offer a good placement or internship only if it has good industry-level collaboration and company visits. Nowadays many colleges are getting in direct contact with companies to teach their students real-time industry-oriented skills. 

IILM is one of those colleges which has its curriculum designed for real-time demanded skills in the companies.

  • College infrastructure: This is a no-brainer, and obviously college infrastructure matters for a lot of reasons. However, having a good infrastructure is very common and you’ll find it in most colleges.

Red flags that you should be aware of:

There are many factors that you shouldn’t ignore in your college search. Here are a few of them:

  • Poor student review: The marketing team is always gonna applaud the college, but the students are gonna give an unbiased review of the college, always try connecting to students studying or have studied in the college you’re looking for and just ask them for an unbiased opinion about the college.
  • Limited courses: If the college is not teaching a wide range of courses or specializations it tells that the college may not have many connections with the industry and you should reconsider going to college.
  • Poor Graduation Rate: The graduation rate must be high for every college, and if this percentage is low, you should stay miles away from such colleges. Because it tells that the college isn’t providing adequate academic support to its students.

Summarizing :

Sometimes it may feel like you are running in a crowd headed nowhere and you are lost. But believe me, your future holds a shining bright light at the end of the tunnel, but it requires sacrifice, hard work, and consistency. Just believe in yourself, because you have the potential to overcome anything.

Taking the right steps along the way will come in handy and help you achieve your goal quicker, We can help you pave your path to success. If you loved this blog post and need more questions answered, feel free to ask us in the comments and follow us for more insightful content. 

Future Scope of CSE (Computer Science Engineering) – 2023

Career Development (Placement)

Introduction:

The IT sector boom started in India with the globalization of the Indian economy, and we started selling out Indian IT talent as a service to other tier-1 countries like USA, Canada, UK, etc. This boom started giving us employment opportunities and filling our reserves with dollars. This made India the world’s biggest exporter of IT talent, and today the CEOs of the major companies that are ruling the world are Indians. 

So in this article, we are going to talk about the scope of pursuing computer science in 2023 in India, what its advantages and disadvantages are, and how IILM University can help you pursue your dream career in computer science.

The Impact of Computer Science:

According to statistics and market research, computer science is a safe and evergreen career option for the younger generation. 

The skill of coding/programming gives you the superpower to create and maintain digital products or services. But it’s not easy to attain this superpower; you need to put in hours practicing in the right direction and have the technical knowledge to execute things in the world of computer science. But worry not; help has arrived. IILM University is providing escalators of success to thousands of students who want to make a fruitful career in computer science. Here’s how you too can get into these elevators.

The field of computer science is adding a lot of value to society and helping our country grow drastically faster.

The Future of Computer Science:

Here’s why experts call computer science, the fuel of tomorrow:

Every business needs customer’s attention to thrive in the market, and now that everyone is shifting their attention to digital platforms, businesses need to go online, and they desperately need the assistance of people who can code and take their business online. So, this need for skilled professionals isn’t going away from the market any time soon.

Another reason why IT is one of the most promising sectors is, its low investment cost. Unlike some core engineering fields like mechanical, civil, and electrical engineering, starting a business or being self-employed in the software engineering field requires less cost and is relatively easier. 

So if you pursue software engineering, you have higher chances of leading a successful and more promising career due to market forces, entry barriers, and the ease of starting a business.

Disadvantages of pursuing a career in computer engineering:

Well, everything has its flipside. If you want to make more money doing a job that doesn’t require you to get your hands dirty, CSE is the right choice for you. But here are some cons to pursuing a career in the field of computer science and engineering:

  • include less social interaction
  • Not everyone likes desk jobs.
  • The workload never meets the deadline.
  • Rapid updates in the market
  • Be unique or get outthrown.

Now, these points are quite subjective, and everyone may not agree with them, but you must have gotten my point.

Conclusion:

So, this was my unbiased blog post on the future of computer science engineering from a career standpoint, and how premium Universities like IILM can help you make a good career in CSE. Summarizing my whole blog post, I can say, computer science engineering is a promising career from all perspectives, but one should first evaluate their own career goals and future plans before choosing any career.

I hope you found this blog post interesting and that it added some value to your life. If you love consuming such insightful content, then do follow us.

iilm-ubs-blog-post

Best Future Ready Specialization To Take in BTech CSE in 2023

Career Development (Placement)

  1. Introduction
  2. Importance of Specilizations in B-Tech
  3. Top 7 Specilizations to take in CSE
    1. Cyber Security
    2. Data Science
    3. AI and ML
    4. Graphics and Gaming
    5. Internet of Thing
    6. Blockchain Technology
    7. Cloud Computing
  4. Tips to Choose the best Specilizations for You
  5. Conclusion

Introduction:

Market dynamics are changing rapidly, and we’re living in such a fragile era where being ordinary is not enough. But don’t worry; standing out from the crowd doesn’t require you to be born extraordinary but a consistent effort to get better at your skills. Right now, you would have just passed your 12th-grade boards or gotten done with your JEE examination, which tells you that you have time, energy, and enough mental capacity to work on your primary skill and get good enough at it to overpower the majority of your peers.

At this point, any mistake in choosing your career path would cost you a lot of time and effort, and you can even feel burned out after a while and may get a feeling of low motivation to enter and conquer your field.

So, in this article, we are going to talk. What are some of the best, future-ready, and AI-proof specializations to pursue with B-tech CSE, and how can you choose the best one for you? We’ll also see case studies of one of the many high achievers from IILM and how choosing the right specialization helped them make a great career. 

Importance of Specialization in B-tech:

It’s no secret that the job market is in an economic crunch and companies are laying off their employees. The reality of the job market is that the competition is huge, and if you possess an outdated skill or don’t have in-depth knowledge in any particular field, you’ll be crushed brutally. However, such conditions aren’t going to last, and circumstances are going to change soon, but we still have the AI wave to see, and god knows how many jobs it will scoop away. But one thing is for sure if you are really good at what you do, you don’t belong to the crowd, and being unique comes with the perk of irreplaceability. Now, achieving excellence in any skill requires you to have a specialization along with your ordinary degree. That’s why specialization is so important if you want to pursue your bachelor’s in computer science. 

At IILM, we have live examples of students who achieved unimaginable success with our industry-oriented curriculum and specializations.

https://www.youtube.com/watch?v=Jee-qPDpCKw

Top 7 specializations to take in BTech CSE:

In this section, we’ll see what are the most demanded and industry-oriented specializations in B-tech CSE that are future-proof, have demand in the market, and can offer you a high package job.

1. Cyber Security:

I don’t feel the need to tell you how important this field is, both in terms of financial and security purposes. To give you an idea of the depth of my statement, all I need to quote is;

“World War III will consist of cyberattacks.”

The most important part is that this field is yet untouched by most of the Indian students, which means the market for cyber security is very less crowded, unlike just another software engineer in India. If you have a specialization in cybersecurity, you are already ahead of the crowd. 

Skills Require

To be a cyber security expert who is good at securing their company’s crucial data, here are a few skills that you need to possess:

  •  A deep understanding of networking, operating systems, programming languages, and software development.
  • Be up-to-date with the latest threats and vulnerabilities. They should have the ability to identify, analyze, and respond to potential security threats.
  • Must be able to analyze data, detect patterns, and identify anomalies that may indicate a security breach.
  • Cybersecurity professionals need to adhere to ethical principles, as they have access to sensitive information and play a critical role in protecting their organization’s assets.
  • The cybersecurity landscape is constantly evolving, and professionals must continuously update their skills and knowledge to stay current with the latest trends and technologies.

 Remember, being a cyber security expert comes with a huge responsibility, and you need to be personally a little composed and careful of your communications.

Job Prospect:

As I mentioned earlier, cybersecurity has a healthy demand but a poor supply. You have a large opportunity in this field where you don’t have to face a huge crowd of people. Even in such a stiff market condition, companies are willing to pay 50,000–60,000 INR on average for freshers in India.

Industry trend:

The cybersecurity sector is expanding and is anticipated to do so in the years to come. Cybersecurity has become a crucial area of emphasis for businesses and organizations due to the rise in cyber attacks, data breaches, and our increasing reliance on technology. The worldwide cybersecurity industry is anticipated to increase from $173 billion in 2020 to $270 billion in 2026, at a CAGR of 9.7%, according to research by Cybersecurity Ventures.

2. Data Science

Clicks, impressions, reach, performance, and customer retention drive this digital world. Now, to succeed in the world of such diverse data sets, it’s crucial for companies to analyze this huge pile of data and get useful insights out of it. Data analytics taps into the exact needs of data science. In today’s market, there’s a huge demand for good data analysts who can dig into data and fetch useful insights for the company’s benefit.

Skill Requirements:

  • Data analysts need to have strong analytical skills to be able to analyze and interpret large datasets. They need to be able to identify patterns, trends, and correlations in data to provide insights and recommendations.
  • Strong command of technologies such as SQL, Python, R, and data visualization tools.
  • They should be able to identify key business metrics and how they relate to data analysis.
  • They should be able to identify and analyze data-related problems and develop solutions that are data-driven and aligned with business goals.

Job Prospect:

Businesses and organizations need qualified professionals to analyze vast amounts of data, which makes data analytics a highly sought-after field. Data analysts are key players in this process, assisting businesses in better understanding their clients, streamlining processes, and gaining a competitive edge.

  • Healthcare uses data analytics to examine patient data and enhance patient outcomes. 
  • It is applied in finance to manage risk and find investment opportunities. 
  • It is applied to online shopping to give customers a more tailored experience. 
  • Additionally, it helps marketers target the appropriate audience with the appropriate message. 

This indicates that there are numerous job openings for data analysts across a variety of industries.

Companies are comfortable paying 35,000-40,000 INR for any fresher in the data analytics field.

Industry trend:

Data analytics is a fast-expanding area. The size of the worldwide data analytics market is anticipated to increase at a compound annual growth rate (CAGR) of 22.3% over the forecast period, from USD 49.2 billion in 2020 to USD 132.9 billion by 2025. Also, as organizations look to make wise choices in these unsettling times, the COVID-19 epidemic has pushed the use of data analytics.

3. Artificial Intelligence and Machine Learning:

The world is well aware of the capabilities of AI, and the imagination of sci-fi movies that we used to talk about is here. Today, you can get a 99% precise answer to all your most complex questions within a snap, and this is all possible thanks to AI and software trained on ML programs. Also in electric vehicles AI and ML programs are widly used. Many Gen Z’s today are scared that AI is gonna take their job but always remember 

“AI will not take your Job the Person using AI will”

So to stay ahead of the generation and keep your profession AI proof you should either be in the top 1% of your job or do the job that AI couldn’t. 

Now, making AI or working on ML programs are the kinds of stuff that only human intelligence can do ‘till now’. That’s why learning AI is so crucial in today’s competitive world.

Skill Requirements:

As Python, R, and Java are frequently used for data analysis, creating predictive models, and creating algorithms, having a solid foundation in these languages is essential for success in the field of artificial intelligence (AI). 

Moreover, as AI specialists must be able to evaluate data and create prediction models, a strong foundation in statistics and mathematics is required. Lastly, understanding machine learning is essential since it entails teaching algorithms for computers to learn from data and make judgments. Deep learning, natural language processing, and data visualization are additional crucial abilities for AI workers.

Job Prospect:

Professionals in artificial intelligence (AI) have excellent employment prospects in India. The need for AI specialists has risen by 76% in the last year alone, according to a survey by Analytics India Magazine. This is a result of the growing use of AI in various sectors, including healthcare, banking, and retail. Data scientists, AI researchers, and machine learning engineers hold the most in-demand positions in the field of artificial intelligence.

AI specialists in India may anticipate earning respectable compensation. The average income for an AI expert in India, according to Payscale, is roughly INR 800,000 per year, with entry-level jobs earning about INR 500,000 and senior-level jobs paying over INR 2,000,000.

Industry trend:

A lot of data shows how artificial intelligence (AI) is developing and becoming more significant. From 2021 to 2026, the worldwide AI market is anticipated to expand at a CAGR of 42.2%, according to research by ResearchAndMarkets. According to PwC research, by 2030, AI will be worth up to $15.7 trillion to the global economy. 

During the past four years, there has been a 74% yearly rise in the number of AI-related job ads on LinkedIn, showing a rising need for AI specialists. These figures highlight the demand for people with AI knowledge and abilities in the labor market and the huge growth potential and growing relevance of AI across several industries.

4. Graphics and Gaming:

The previous ten years have seen significant advancement in gaming and visuals in the entertainment industry. Modern software and technology have enabled game developers to build remarkably lifelike virtual worlds that immerse players in alternate realities. Modern video games’ visuals and movement are so lifelike that it may be challenging to tell them apart from reality, whether you’re playing on a console or a mobile device.

The need for experts with knowledge of graphics and games has grown dramatically as technology has advanced. For people with a passion for creativity and technology, the gaming industry provides a wide range of job prospects, from game design to animation, graphics programming, and visual effects.

Skill Requirements:

A strong background in computer programming languages like C++, Java, and Python is the key qualification needed for a career in graphics and games. It’s essential to have knowledge of visual design programs like Adobe Photoshop, Blender, or 3D Studio Max in addition to programming.

Also, experts in this industry must be well-versed in computer graphics, data structures, and algorithms. It’s also crucial to be familiar with gaming engines like Unity, Unreal Engine, or CryEngine. Moreover, experts in data science, machine learning, and artificial intelligence may use their skills to further improve the gaming experience.

Job Prospect:

One of the fastest-growing industries in the world is the graphics and gaming business. A Newzoo analysis projects that by 2024, the global gaming business will be worth $218.7 billion. The gaming sector now offers more job possibilities as a result of this expansion.

Professionals in the gaming and graphics industries may expect to work in a variety of positions, such as those for game designers, animators, UI/UX designers, game developers, and graphics programmers. Depending on the position and amount of expertise, the typical remuneration for a graphics and gaming specialist in India ranges from INR 400,000 to INR 2,000,000.

Industry trend:

The growing acceptance of virtual reality (VR) and augmented reality (AR) is one of the most important developments in the gaming sector.

By 2024, the VR/AR market is projected to be worth $72.8 billion, according to a MarketsandMarkets analysis. Games like Pokemon Go and Minecraft Earth leverage augmented reality (AR) to improve the gameplay experience, demonstrating the significant momentum that these technologies have already achieved in the gaming industry.

The expansion of mobile gaming is another trend in the gaming sector. According to Newzoo research, there will be 2.7 billion mobile gamers worldwide by 2023. As mobile gaming gains in popularity, game designers and developers now have more chances to make games that are optimized for mobile devices and provide a smooth gaming experience.

5.  Internet of Things (IoT):

The Internet of Things, or IoT, has completely changed how we interact with our environment. The Internet of Things (IoT) is a network of hardware, software, and sensors that are linked to the Internet and capable of sharing data and making decisions in real-time. We can manage our houses, automobiles, and even our health thanks to the Internet of Things (IoT).

Skill Requirements:

You’ll need a solid grasp of hardware, software, networking, and security standards in order to succeed in the IoT. It is crucial to be proficient in programming languages like Python, C++, and Java. Knowledge of data analytics and cloud computing platforms is also advantageous. With the IoT, it is also crucial to have the capacity to analyze and comprehend enormous volumes of data.

Job Prospect:

IoT experts will be in high demand as the IoT market is expected to develop dramatically in the upcoming years. The global IoT market is anticipated to develop at a CAGR of 25.68% from 2019 to 2026, reaching $1,386.06 billion, per research by Allied Market Research.

IoT is a fast-expanding sector in India, where both established businesses and numerous startups are making significant investments. IoT specialists are in high demand, with positions like IoT architect, IoT developer, and IoT consultant being among the most sought-after.

Industry trend:

Rapid IoT industry growth is having an influence on a number of industries, including healthcare, agriculture, transportation, and smart cities. With the development of 5G technology, which will offer faster and more dependable internet access, and the rise of edge computing, which will allow devices to process data locally rather than relying on the cloud, the expansion of the IoT is anticipated to continue in the upcoming years.

The worldwide edge computing market is anticipated to reach USD 43.4 billion by 2027, rising at a CAGR of 34.1% from 2020 to 2027, according to a MarketsandMarkets analysis. IoT devices will be able to process data more quickly and effectively as a result of the rise in edge computing.

6. Blockchain Technology:

Blockchain technology is a ground-breaking innovation that has the power to completely revolutionize how we trade, distribute, and keep data. It is a distributed ledger system that is decentralized and enables safe transactions without the use of middlemen.

Skill Requirements:

One has to have a solid background in computer science, cryptography, and data structures in order to succeed with blockchain technology. It is crucial to be proficient in programming languages like C++, Python, and Solidity. It’s also essential to be familiar with networking, distributed systems, and consensus techniques.

Job Prospect:

In recent years, there has been an increase in the need for blockchain experts, with positions like blockchain developer, architect, and consultant among the most sought-after. The fastest-growing career role in 2018 and 2019 was blockchain developer, according to LinkedIn research.

The blockchain market is expanding quickly in India as well, with several startups and well-established businesses making significant investments in the technology. Professionals in the blockchain business are in high demand, and their pay is among the highest in the IT sector.

Industry trend:

Several industries, including banking, supply chain management, healthcare, and voting systems, stand to benefit from the use of blockchain technology. In the upcoming years, it is anticipated that blockchain will continue to expand as new use cases and applications are created.

The size of the worldwide blockchain market is anticipated to increase from $3.0 billion in 2020 to $39.7 billion by 2025, at a CAGR of 67.3% over the course of the forecast period, according to an analysis by MarketsandMarkets. The expansion of the blockchain sector has also been aided by the advent of non-fungible tokens (NFTs) and decentralized finance (DeFi).

7. Cloud computing:

In recent years, virtualization and cloud computing have been major forces behind the digital revolution, allowing companies to operate more effectively, safely, and affordably. These technologies have made it possible for businesses to virtualize their IT infrastructure and move workloads to the cloud, enhancing their flexibility, scalability, and agility.

Skill Requirements:

It is crucial to be knowledgeable about cloud computing platforms like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). Moreover, understanding virtualization technologies like VMware, Hyper-V, and KVM is essential. Knowledge of containerization tools like Docker and Kubernetes is also becoming more and more crucial.

Job Prospect:

Professionals in the fields of cloud computing and virtualization are in more demand than ever; among the most sought-after positions are those for cloud architects, cloud engineers, and virtualization engineers. Cloud computing positions were among the top-growing employment titles in 2019 and 2020, according to LinkedIn research.

The cloud computing market is expanding quickly in India as well, with both new and well-established businesses making significant investments in cloud technology. Professionals in the field of cloud computing are in high demand, and their pay ranks among the best in the computer sector.

Industry trend:

Businesses are now more nimble and able to respond to shifting market conditions thanks to cloud computing and virtualization technology. In the upcoming years, it is anticipated that cloud computing will continue to expand as new use cases and apps are created.

The global public cloud services market is anticipated to expand by 18.4% in 2021 to reach $304.9 billion, up from $257.5 billion in 2020, according to a Gartner analysis. The expansion of the cloud computing sector is also being fueled by the emergence of multi-cloud and hybrid cloud systems.

5 Tips to Choose the Best Specialization for You:

We are bringing you these specialization tips from the most experienced counselor of IILM. Follow them all to choose the best specialization.

  1. Identify your personal interest: Now, for some people knowing their own passion in itself is a huge task, and I’ll be “writing a dedicated blog post on that topic. But for an instance, you can take some ideas from your childhood, friend circle, and school memories and identify what were the things that made you curious or grab your attention for a longer time. Make a list of all the Ideas and refine the 3 most interesting things out of them. 
  2. Now read about all the 3 topics you’ve chosen and dig and little deeper into all of them. Identify what’s that one thing to which you can devote the most energetic years of your lifetime.
  3. Look at the topics and do your own research about future prospects.
  4. Now you must be able to find out the best option for you.
  5. If you still can’t you should be consulting a good career councilor who can guide you to the right path for your career plan.

Conclusion:

The market trends will keep changing, but if you want to excel in your career, you have to develop a learning habit and the ability to adapt to this changing world. Most importantly, you must do your own market research and explore other fields. At this age, you have plenty of time and energy that you can devote to learning new skills and excelling in your career. I hope these specializations can give you an idea of where the market is going and what stream will hold the technology of tomorrow.

If you love reading such insightful content, do follow us.