The dual expertise opens doors to diverse career paths, from technology entrepreneurship to managerial roles in tech-driven enterprises. This dual qualification offered at top universities such as BMU empowers individuals to thrive in an ever-evolving global marketplace, positioning them as invaluable assets in today’s dynamic professional landscape.

Understanding Computer Science Engineering: The Tech Foundation

Before we delve into the powerful fusion of Computer Science Engineering and an MBA, let’s first understand the robust foundation laid by a degree in Computer Science Engineering.

1. Core Technical Competencies

Computer Science Engineering imparts a deep understanding of core technical competencies. From programming languages to algorithms and data structures to system architecture, students gain a solid technical footing that is the bedrock for innovation.

2. Specializations in Emerging Technologies

The field of Computer Science Engineering constantly evolves with emerging technologies. Students get the opportunity to specialize in artificial intelligence, machine learning, cybersecurity, and data science, positioning themselves at the forefront of technological advancements.

3. Problem-solving and Critical Thinking

The essence of Computer Science Engineering lies in problem-solving and critical thinking. Graduates train to approach challenges analytically, devise efficient solutions, and think creatively—a skill set that transcends the boundaries of technology.

Decoding an MBA: Bridging Tech and Business

Now, let’s shift our focus to the MBA course syllabus and how it complements the technical prowess gained in Computer Science Engineering.

1. Business Fundamentals

An MBA curriculum introduces students to fundamental business concepts such as marketing, finance, operations, and strategic management. This broadens their perspective beyond technology, fostering a holistic understanding of the business landscape.

2. Leadership and Management Skills

Entrepreneurship demands not only technical expertise but also effective leadership and management skills. MBA programs nurture these skills, preparing graduates to lead teams, make strategic decisions, and navigate the complexities of the business world.

3. Entrepreneurship and Innovation Modules

Many MBA programs offer specialized modules in entrepreneurship and innovation. These modules delve into the intricacies of launching and managing a business, fostering an entrepreneurial mindset crucial for tech-driven ventures.

The Synergy Unveiled: Advantages of Computer Science Engineering + MBA

1. Holistic Skill Set

The combination of Computer Science Engineering and an MBA cultivates a holistic skill set. Graduates emerge with the ability to develop cutting-edge technologies and strategically position them in the market.

2. Catalyst of Innovation

The combination of technological expertise and business acumen acts as a catalyst for innovation. Graduates find themselves uniquely positioned to identify market gaps, envision tech solutions, and translate them into successful entrepreneurial ventures.

3. Strategic Decision-Making

The strategic decision-making skills honed through an MBA enable graduates to navigate the complexities of entrepreneurship. From market analysis to financial planning, B. Tech+MBA grads can make informed decisions that drive business success.

Navigating B.Tech and MBA Placements: A Launchpad for Entrepreneurial Journeys

1. Diverse Placement Opportunities

B.Tech placements for Computer Science Engineering graduates are diverse and abundant. From leading tech corporations to startups, graduates have the opportunity to kickstart their careers in roles ranging from software development to system architecture. However, when coupled with an MBA, engineering graduates end up being at the higher placement spectrum when compared to their peers due to their technical acumen.

2. Corporate Exposure

Employable in reputed tech companies, B. Tech + MBA placements provide valuable corporate exposure to these dual-degree graduates. Their course enhances technical skills and offers insights into how businesses operate, laying the groundwork for future entrepreneurial endeavours.

3. Networking Opportunities

B.Tech and MBA placements often open doors to extensive professional networks. Engaging with professionals in the tech industry provides invaluable connections and potential collaborators for future entrepreneurial ventures.

Success Stories: Know Entrepreneurs with a Tech + MBA Background

To further illustrate the potential of this winning combination, let’s explore some real-world success stories:

1. Sundar Pichai – Google CEO

Sundar Pichai holds a master’s degree in Computer Science from Stanford and an MBA from the Wharton School of the University of Pennsylvania. His combined technical expertise and business acumen played a pivotal role in his ascent to the position of CEO at Google.

2. Satya Nadella – CEO of Microsoft

Satya Nadella pursued his MBA from the University of Chicago Booth School of Business and would travel between Seattle and Chicago every weekend to pursue his dream qualification. Satya believed that his MBA helped him easily tackle complex business problems at Microsoft.

Challenges and Strategies for Aspiring Tech Entrepreneurs

1. Bridging the Communication Gap

Tech entrepreneurs often face the challenge of effectively communicating their innovations to non-technical stakeholders. This emphasizes the importance of honing communication skills during the MBA program.

2. Staying Updated on Technological Trends

In a fast-paced tech landscape, staying updated on technological trends is crucial. Continuous learning and engagement with tech communities help entrepreneurs remain at the forefront of innovation.

3. Balancing Risk and Innovation

Entrepreneurship inherently involves risk. MBA programs instil a strategic approach to risk-taking, enabling graduates to balance innovation with calculated decision-making.

A Dynamic Future Awaits

BML Munjal University has always been at the forefront of education, equipping its graduates with cutting-edge skills that help them solve tomorrow’s problems with innovative ideas. The rich case- and experience-driven curriculum at BMU Business School helps students develop leadership and management skills that set a foundation for their future. Equipped with vital real-world knowledge acquired during practice school and BMU’s unique Global Leadership Program, students gain first-hand experience in solving the problems that businesses face and learn how to apply them in their entrepreneurial ventures.

Final Thoughts

Computer Science Engineering and MBA create a potent mix that propels individuals toward entrepreneurial success. As technology continues to reshape industries, those equipped with technical prowess and business acumen are poised to innovate and drive the next wave of transformative ventures. The dynamic future of entrepreneurship belongs to those who can navigate the intersection of technology and business, and the amalgamation of Computer Science Engineering and an MBA from BML Munjal University provides the winning formula for such trailblazers.

The post Unleashing Innovation: How Computer Science Engineering and an MBA Course Syllabus Fuel Entrepreneurial Success appeared first on BML Munjal University.

However, most law graduates opt for a BA LLB degree as their base law degree. Although this equips them with the necessary smarts to pursue a law career, they often find themselves looking for the services of those who understand how businesses work and the best way to help them maintain profitability and compliance. This is where unique programs such as BBA LLB come in.

Understanding the BBA LLB Programme: A Fusion of Law and Business Acumen

Offered by prestigious universities such as BMU, a BBA LLB degree helps law graduates build a foundation in business management, helping them gain insights into the dynamic blend of legal and business education and equipping them for success in a multifaceted professional landscape. Here’s how a BBA LLB degree helps law graduate students get an edge over traditional law degree holders:

1. Comprehensive Legal Foundation

A BBA LLB programme lays a strong foundation in both law and business. It encompasses core legal subjects such as constitutional, criminal, and contract law, providing students with a comprehensive understanding of the legal system.

2. Business Management Integration

What sets the BBA LLB apart is the integration of business management courses. Students delve into business ethics, organisational behaviour, and strategic management. This integration bridges the gap between legal principles and their practical application in the corporate world.

3. Practical Exposure through Internships

BMU’s BBA LLB programmes incorporate practice schools and international immersion programmes, offering students real-world exposure to legal and business environments. This hands-on experience prepares them for the complexities of legal practice in business contexts.

Advantages of BMU’s BBA LLB Over BA LLB Degrees

1. Holistic Understanding of Corporate Law

The BBA LLB programme offers a holistic understanding of corporate law, allowing students to navigate the intricacies of business regulations, corporate governance, and legal frameworks affecting commercial entities. This depth of knowledge provides a competitive advantage in corporate legal practice.

2. Business Strategy and Legal Compliance

Integrating business management courses equips BBA LLB graduates with insights into business strategy and legal compliance. This dual perspective enables them to provide legal counsel that aligns with broader business objectives, making them valuable assets in corporate legal departments.

3. Entrepreneurial Edge

For those aspiring to enter the entrepreneurial sphere, the BBA LLB programme offers a unique edge. Graduates understand the legal aspects of business creation and operation and the strategic and managerial considerations vital for entrepreneurship.

Navigating the BBA LLB Programme: Key Components

1. Legal Research and Writing Skills

BBA LLB programmes emphasise the development of solid legal research and writing skills. BMU’s Graduates can quickly analyse complex legal issues, communicate effectively, and draft legal documents with precision—all of which are essential skills for success in legal practice.

2. Moot Courts and Mock Trials

BMU’s BBA LLB programmes include moot courts and mock trials to hone advocacy skills. These simulated legal proceedings allow students to apply theoretical knowledge in a practical setting, preparing them for the challenges of courtroom practice.

3. Business Ethics and Corporate Governance

Courses on business ethics and corporate governance provide BBA LLB students with a nuanced understanding of ethical considerations in the business world. This knowledge is invaluable when advising businesses on legal and ethical best practices.

Career Trajectory: Where BBA LLB Graduates Shine

1. Corporate Legal Practice

BBA LLB grads are highly sought after in corporate legal practice, where their dual expertise in law and business management is most needed. They are crucial in ensuring legal compliance, negotiating contracts, and providing strategic legal counsel to businesses.

2. In-House Counsel Positions

Many BBA LLB graduates find fulfilling careers as in-house counsel. Their ability to understand the business intricacies enables them to serve as trusted advisors within organisations, addressing legal challenges in alignment with broader business objectives.

3. Legal Consultancies and Entrepreneurship

The entrepreneurial perspective gained in the BBA LLB programme opens doors to legal consultancies and entrepreneurship. Graduates may establish their legal practices or consultancy firms, leveraging their dual expertise to provide comprehensive legal and business solutions.

Comparative Analysis: BBA LLB vs. BA LLB

1. Enhanced Business Acumen

While BA LLB programmes focus primarily on legal studies, BBA LLB programmes provide an enhanced understanding of business acumen. This distinction positions BBA LLB graduates as versatile professionals capable of navigating complex legal and business landscapes.

2. Practical Relevance

The BBA LLB programme’s emphasis on internships, practical training, and business-related courses enhances its practical relevance. Graduates are well-versed in legal theory and equipped to apply that knowledge in real-world scenarios.

3. Broader Career Opportunities

The integrated approach of BBA LLB expands career opportunities beyond traditional legal roles. Graduates can seamlessly transition into business management, corporate governance, and entrepreneurial ventures, leveraging their multifaceted skill set.

Challenges and Strategies for BBA LLB Graduates

Corporate law evolves rapidly, requiring commitment to stay informed about legal developments and business trends. Given the dynamic nature of law, BBA LLB graduates must engage in continuous legal education to keep abreast of regulatory changes and legal precedents. This commitment to lifelong learning ensures sustained professional relevance. Building a network across legal and business circles through industry events, legal forums, and business conferences is crucial for BBA LLB graduates to expand their professional connections, which is vital in corporate law.

Success Stories: BBA LLB Graduates Making an Impact

To inspire and illustrate the potential of BBA LLB graduates, let’s explore the success stories of individuals who have leveraged their dual expertise:

1. Ritu Kumar – Corporate Lawyer and Entrepreneur

With a BBA LLB background, Ritu Kumar has excelled as a corporate lawyer and ventured into entrepreneurship. Her legal acumen and business insights have positioned her as a trailblazer in both realms.

2. Alok Prasanna Kumar – Legal Consultant and Policy Analyst

Alok Prasanna Kumar, a BBA LLB graduate, is renowned for his contributions as a legal consultant and policy analyst. His ability to navigate legal intricacies with a business-oriented mindset has made him a respected figure in the legal and policy domain.

Final Thoughts: The Strategic Advantage of BBA LLB

BBA LLB emerges as a strategic advantage for individuals seeking to navigate the intersection of law and business. Its unique legal and business education blend equips graduates with a multifaceted skill set that transcends traditional legal roles. BBA LLB graduates stand at the forefront of legal practice in business contexts, offering strategic counsel that aligns with broader organisational objectives. As the professional landscape evolves, BBA LLB graduates find themselves well-positioned for success in diverse and dynamic career paths. For those aspiring to bridge the gap between legal expertise and business acumen, the BBA LLB programme at BML Munjal University offers a transformative journey, opening doors to a world where the strategic intersection of law and business creates limitless possibilities.

The post The Alliance of Law and Business: Unveiling the Advantages of a BBA LLB Programme Over BA LLB Degrees appeared first on BML Munjal University.

Understanding Liberal Arts Education: Beyond the Norm

A degree in Liberal arts embraces diversity and inclusivity, offering a curriculum that spans engineering, humanities, social sciences, natural sciences, and the arts. This interdisciplinary approach fosters critical thinking and a holistic understanding of the world.

Emphasising Critical Thinking and Communication

At the core of liberal arts education is cultivating critical thinking and communication skills. Students learn to analyse information, articulate ideas effectively, and engage in meaningful dialogue—a skill set indispensable in any professional domain.

Exploration of Human Experience

Liberal arts degrees encourage the exploration of the human experience through literature, philosophy, history, and the arts. This exploration provides a deep understanding of societal dynamics, cultural contexts, and the ethical considerations that underpin technological advancements.

The Role of Liberal Arts in Technology and Innovation

1. Bridging the Gap Between Humanities and Technology

In the fast-paced world of technology, the integration of humanities becomes crucial. Liberal arts graduates bring a nuanced understanding of human behaviour, ethics, and societal impacts, bridging the gap between technological innovation and its human consequences.

2. Human-Centered Design and Innovation

Liberal arts education fosters a human-centred approach to design and innovation. Professionals with a BA in Liberal Arts contribute to creating technology that aligns with human needs, values, and experiences.

3. Ethical Considerations in Technology

As technology evolves, ethical considerations become paramount. Liberal arts graduates, well-versed in ethical reasoning, play a vital role in ensuring that technological advancements align with moral principles and contribute positively to society.

Liberal Arts and the Tech Industry: A Symbiotic Relationship

1. Communication and Collaboration Skills

Communication, collaboration, and teamwork are essential skills in the tech industry’s collaborative landscape. Liberal arts graduates excel at interpersonal skills and interdisciplinary teamwork, fostering innovation and problem-solving at every level.

2. Adaptability in the Face of Change

Change and agility are the hallmarks of the dynamic tech industry. Liberal arts education instils adaptability, enabling graduates to navigate the ever-evolving technological landscape and embrace new challenges with resilience.

3. Innovation through Diversity of Thought

Liberal arts degrees celebrate diversity of thought. In the tech industry, where innovation thrives on diverse perspectives, liberal arts graduates bring unique insights that drive creativity and contribute to groundbreaking solutions.

The Versatility of Liberal Arts Graduates: Beyond Technology

1. Entrepreneurship and Startups

Liberal arts graduates often venture into entrepreneurship and startup culture as they can think critically, communicate effectively, and understand human behaviour. This positions them as innovative entrepreneurs capable of addressing real-world challenges.

2. Policy and Advocacy Roles

With a profound understanding of societal dynamics, liberal arts graduates find fulfilling careers in policy-making and advocacy. They contribute to shaping regulations and policies that govern the ethical use of technology.

3. Education and Public Engagement

Liberal arts graduates play vital roles in education and public engagement. They communicate complex technological concepts to diverse audiences, fostering digital literacy and ethical awareness in society.

Challenges and Strategies for Liberal Arts Graduates in Tech

1. Continuous Learning in Technology

One challenge for liberal arts graduates entering the tech industry is the need for continuous learning in rapidly evolving technological fields. Engaging in ongoing professional development and upskilling helps bridge this gap.

2. Advocating for the Human Element

In a tech-centric environment, liberal arts graduates may face the challenge of advocating for the human element in innovation. Effective communication and showcasing the value of a human-centred approach become crucial strategies.

3. Building Technical Competencies

While liberal arts graduates bring valuable skills to the table, building foundational technical competencies is essential. Pursuing additional certifications or collaborative education and experience helps bridge the technological gap.

Success Stories: Leading Tech Innovators with Liberal Arts Backgrounds

To exemplify the success of liberal arts graduates in the tech industry, let’s explore the stories of individuals who have made significant contributions:

1. Stewart Butterfield – CEO of Slack

With a BA in Philosophy, Stewart Butterfield has shaped communication and collaboration in the tech industry. As the CEO of Slack, he emphasises the importance of diverse perspectives in driving innovation.

2. Susan Wojcicki – CEO of YouTube

Susan Wojcicki, the former CEO of YouTube, has a BA in History and Literature. Her background in liberal arts has contributed to the platform’s success by prioritising user experience and content relevance to the hugely popular video streaming platform.

Why Pursue a Degree in Liberal Arts from BML Munjal University?

We cannot deny the enduring relevance of liberal arts education in the digital age. As technology reshapes the world, the human element becomes more critical than ever. A BA in Liberal Arts from BMU offers a unique lens through which you can approach technology and innovation—infusing it with ethical considerations, human-centred design, and a deep understanding of the human experience. Additionally, liberal arts degrees catalyse a future where technology serves humanity in meaningful and positive ways. For those considering a BA in Liberal Arts from BMU, the journey is not just about acquiring knowledge; it’s about becoming a well-rounded, adaptable, and ethically conscious professional ready to shape the future of technology and innovation.

The post The Human Element in the Digital Age: Unveiling the Significance of a BA in Liberal Arts for Technology and Innovation appeared first on BML Munjal University.

The Digital Economy and the Rise of Tech-Centric Entrepreneurship

The digital economy, characterised by the widespread use of digital technologies in economic activities, has redefined how businesses operate. Entrepreneurs leverage technology to disrupt traditional industries, create innovative solutions, and reach global markets. This paradigm shift necessitates a new breed of business professionals who understand the intricacies of commerce and are adept at navigating the complexities of the digital landscape.

The Tech-Driven Evolution of B.Com Courses

B.Com courses are transforming to integrate technology seamlessly into their curricula. This evolution is driven by the imperative to produce graduates who are not only well-versed in foundational business concepts but also proficient in leveraging technology for strategic advantage.

1. Digital Literacy as a Core Competency

In the digital economy, basic digital literacy is no longer sufficient. B.Com courses at world-class universities such as BMU emphasise advanced digital literacy to ensure the proficiency of students in using a range of digital tools and platforms. From data analytics to cloud computing, BMU equips its graduates with the skills needed to analyse complex business data and make informed decisions in real time.

2. Integration of Fintech and E-Commerce

Technological innovations have particularly impacted the finance and commerce sectors. Our faculty ensures that B.Com courses incorporate modules on financial technology (fintech) to familiarise students with blockchain, digital currencies, and algorithmic trading. Similarly, students explore e-commerce in-depth, gaining insights into online marketplaces, digital marketing strategies, and the logistics of running an online business.

3. Entrepreneurial Mindset and Innovation

Entrepreneurship is a key focus of modern B.Com courses. Recognising that many graduates aspire to be entrepreneurs, these programs instil an entrepreneurial mindset at the outset. Students are encouraged to think creatively, identify opportunities for innovation, and develop business plans that leverage technology for competitive advantage.

Real-world Applications: Case Studies and Industry Collaborations

Today, B.Com courses increasingly incorporate real-world case studies and foster collaborations with industry leaders to bridge the gap between theory and practice. These initiatives expose students to the practical applications of technology in solving business challenges. Industry collaborations also provide students with opportunities for internships and hands-on experience, ensuring they are well-prepared for the demands of the workforce.

The Role of Technology in Enhancing Entrepreneurial Ventures

In addition to preparing graduates for traditional roles in finance, accounting, and business management, B.Com courses are now equipping students to harness technology for entrepreneurial ventures. Here’s how technology is enhancing entrepreneurship within the B.Com landscape:

1. Digital Marketing and Branding

Entrepreneurs today rely heavily on digital marketing strategies to reach their target audiences. B.Com courses now include modules on social media, digital marketing, management, and search engine optimisation (SEO). BMU’s  B.Com Graduates are well-versed in traditional marketing principles and understand how to leverage digital channels to build and promote a brand effectively.

2. E-Commerce and Online Business Management

The rise of e-commerce has transformed the way businesses operate. B.Com courses prepare students to navigate the intricacies of online business management, covering aspects such as website development, online payment systems, and e-commerce analytics. This prepares graduates to either launch their own online ventures or contribute meaningfully to existing ones.

3. Financial Technology (Fintech) Entrepreneurship

The fintech sector is experiencing exponential growth, and B.Com courses are at the forefront of preparing graduates for opportunities within this space. From understanding the nuances of blockchain to exploring the potential of digital currencies, BML Munjal University equips its B. Com students to innovate and lead in the rapidly evolving world of financial technology entrepreneurship.

Challenges and Opportunities for B.Com Graduates in the Digital Economy

While integrating technology into B.Com courses presents numerous opportunities and challenges that learners must address throughout their careers. The digital economy is dynamic, and graduates must be adaptable to stay relevant. Continuous learning and staying abreast of technological advancements are imperative for success in a rapidly evolving landscape.

Final Thoughts: Shaping Future Entrepreneurs for a Digital Tomorrow

As we navigate the transformative landscape of the digital economy, B.Com courses stand as a beacon of preparation for the entrepreneurs of tomorrow. By embracing technology and fostering innovation, BMU’s B. Com programs are both relevant and essential in shaping graduates who can drive positive change in the business world.

The synergy between entrepreneurship, technology, and B.Com courses is a testament to the adaptability of education in the face of societal and technological shifts. Graduates with a B.Com degree incorporating the latest technological trends are poised to make significant contributions to the entrepreneurial landscape, leading us into a future where innovation knows no bounds.

The post Empowering Future Leaders: How Technology Is Revolutionizing Entrepreneurship in the Digital Economy and B.Com Courses appeared first on BML Munjal University.

Understanding MBA in Finance as A Gateway to Strategic Leadership

An MBA in Finance equips individuals with a comprehensive understanding of financial principles, strategic decision-making, and leadership skills. For engineering professionals, this program becomes a catalyst for expanding their horizons beyond technical domains.

Strategic Financial Management

A key component of the course syllabus is strategic financial management. This module empowers learners to make informed business decisions that align with organizational goals, a skill set crucial for engineering professionals seeking leadership roles.

Investment Analysis and Portfolio Management

Engineers venturing into finance benefit from modules on investment analysis and portfolio management. These topics provide insights into optimizing investment strategies and managing financial portfolios effectively.

Engineering and Finance: A Unique Career Trajectory

Engineers, known for their analytical prowess, find an MBA in Finance enriching as it hones their analytical skills in a financial context. This blend of technical and economic analysis becomes a powerful asset in decision-making.

2. Leadership Development
An MBA in Finance from BMU emphasizes leadership development, equipping engineering professionals with the skills to lead financial teams, make strategic decisions, and drive organizational success.

3. Financial Modeling for Engineers

The course often includes training in financial modelling, where engineers can leverage their quantitative skills to create accurate economic models—a much-needed skill in financial firms.

Building Blocks for Success with an MBA in Finance

1. Financial Reporting and Analysis
Understanding financial statements is foundational. The course syllabus includes financial reporting and analysis modules, providing insights into interpreting financial statements critical for decision-making. Additionally, engineers exploring finance-based courses benefit from studying corporate valuations, which deepens their understanding of how businesses are valued.

2. Risk Management and Derivatives
Risk management and derivatives are integral components. Engineers are accustomed to risk analysis and find these modules valuable as they delve into managing financial risks and understanding derivative instruments.

3. Business Ethics and Financial Regulations
An emphasis on ethical considerations and financial regulations ensures that engineering professionals entering the financial sector are well-versed in ethical practices and compliance.

Career Opportunities: Engineering Professionals in Finance-Driven Industries

1. Investment Banking
Engineers play pivotal roles in shaping financial transactions, from mergers and acquisitions to financial advisory. The analytical skills of engineers, coupled with financial insight gained through an MBA, make them well-suited for roles in investment banking.

2. Financial Consulting
Engineers often transition into financial consulting roles. Their problem-solving abilities and financial expertise provide valuable insights and solutions to clients facing economic challenges.

3. Corporate Finance Management
Leading corporate financial teams becomes a natural progression for engineering professionals with an MBA in Finance. They contribute to strategic financial planning, budgeting, and overall financial health.

4. Entrepreneurship and Financial Startups
The fusion of engineering and finance is essential for those venturing into entrepreneurship, especially in financial startups. The ability to innovate coupled with financial savvy positions engineers as impactful entrepreneurs in the fintech landscape.

Navigating the Crossroads of Engineering and Finance—Strategies and Challenges

1. Bridging the Communication Gap
Engineers must develop strong communication skills to convey complex financial concepts to diverse stakeholders, including non-finance professionals.

2. Continuous Learning and Adaptability
The financial landscape is dynamic, and staying abreast of regulatory changes and market trends is crucial. Engineers must adopt a mindset of continuous learning to navigate the evolving economic environment.

3. Networking in Finance Circles
Building a robust professional network within the finance industry is vital. Engineers can leverage industry events, networking platforms, and mentorship opportunities to connect with finance professionals and stay informed about industry trends.

Success Stories: Engineers Leading in Finance

An MBA in finance has immense possibilities for engineering professionals. Here are some well-known engineering professionals who have successfully navigated the intersection of engineering and finance:

1. Arvind Krishna – Chairman and CEO of IBM
Arvind Krishna has a background in electrical engineering and holds an MBA in finance. He exemplifies how engineering prowess and financial understanding can lead to leadership roles in technology and finance-driven corporations.

2. Abigail Johnson – CEO of Fidelity Investments
Abigail Johnson, an MIT graduate with a degree in electrical engineering, pursued an MBA in finance from Harvard. Her journey exemplifies how engineering and finance can seamlessly intertwine to lead a major financial institution.

Final Thoughts

The fusion of engineering and finance through an MBA opens up a world of possibilities for professionals seeking to broaden their horizons. BMU’s MBA in Finance acts as a transformative bridge, enhancing the analytical, leadership, and financial skills of engineering professionals. As technology continues to shape the economic landscape, individuals with a unique combination of engineering and finance expertise are poised to lead and innovate. The journey of bridging the gap between engineering and finance is not just a career trajectory; it’s a powerful combination that propels professionals toward impactful roles in finance-driven industries. Aspiring engineering leaders with an MBA in Finance can easily navigate the crossroads of technology and finance, shaping the future of both fields with ingenuity and strategic insights.

The post Bridging the Gap: Elevating Careers with an MBA in Finance – Exploring the Synergy of Finance and Engineering Expertise appeared first on BML Munjal University.

In an era of rapid technological advancements, globalisation, and unpredictable market shifts, businesses must constantly evolve, pivot, and be agile. To flourish in this dynamic environment, graduating students need more than just a degree; they require a holistic understanding of business principles and the adaptability to navigate change. This is why market experts consider an innovative Bachelor of Business Administration (BBA) degree from the School of Management at BMU the top choice for those seeking success in the contemporary business world.

The Shifting Tides of Business

Before we delve into why a BBA is the optimal choice for young learners, it’s crucial to understand the forces that drive change in the business world. Globalisation has interconnected economies, technological innovations are reshaping industries, and consumer behaviours are evolving at an unprecedented pace. In this ever-shifting landscape, professionals need a skill set beyond traditional specialisations.

The Need for Versatility

Today’s businesses demand versatility from their workforce. A narrow focus on a single aspect of business may not suffice in an environment where interdisciplinary skills are highly valued. This is where a BBA degree from BMU shines, offering a comprehensive curriculum that covers diverse areas such as human resources, business analytics, general studies, digital marketing, finance, marketing, management, and entrepreneurship.

Adapting to Change: The Foundation of Business Education

Agility in Learning

One of the key attributes of a BBA program is its agility in adapting to the evolving needs of the business world. The BBA/BBA Hons faculty at BMU ensures that the curriculum incorporates emerging trends, ensuring that students graduate with the knowledge and skills needed to succeed in today’s competitive world. Whether it’s blockchain technology, data analytics, or sustainable business practices, the BBA courses at BMU evolve to reflect the contemporary business landscape.

Developing Critical Thinking Skills

A BBA goes beyond rote learning; it cultivates critical thinking skills. The ability to analyse complex situations, make informed decisions, and think strategically is nurtured throughout the course. In an uncertain business environment, graduates with strong critical thinking skills are better positioned to navigate challenges and seize opportunities.

International Immersion

BMU’s unique International Immersion approach allows students to experience the world of business first-hand. The Global Leadership Program at BMU helps students use time available during summer vacations to visit partner universities in the UK and Singapore and understand how economic, social, political, and cultural forces impact businesses globally.

BBA: The Degree of Choice Today

A BBA from BMU provides learners with a holistic understanding of business management. Graduates emerge with a well-rounded experience of how different facets of a business interconnect. This holistic approach is instrumental in fostering a big-picture perspective, a valuable asset in a world where interconnectedness defines success.

Leadership and Communication Skills

In addition to technical knowledge, a BBA program at BMU emphasises developing soft skills, particularly leadership, lateral thinking, and communication. Effective communication is vital in a globalised business landscape where collaboration often spans continents. Leadership skills, including team management and decision-making, are honed to prepare graduates for roles of responsibility and influence.

The Crucial Role of BBA Course Duration

The duration of a business administration course at BMU plays a pivotal role in shaping the educational experience. Typically spanning one to four years, this duration allows for a comprehensive learning journey. Students do not rush through the curriculum; instead, they take the time to absorb, reflect, and apply their knowledge in practical scenarios.

Agile academic approach

BMU offers a unique, industry-leading advantage with its flexible BBA degree. Learners have the flexibility to choose from one of the following learning outcomes depending on the BBA course duration they choose:

Option 1: Undergraduate Certificate in Business Administration—This one-year certificate course allows students to exit the degree at the end of the first year with a certificate that helps them understand management basics.

Option 2: Diploma in Business Administration—Learners who spend an additional year receive a diploma in business administration that helps them better understand the dynamic world of business.

Option 3: BBA Degree—This future-centric BBA degree course allows students to exit at the end of the third year with a full-fledged graduate degree, helping them work towards a master’s degree course of their choice or take on the business world confidently.

Option 4: BBA (Hons.) Degree—This four-year program helps students dive deep into business and specialise in a chosen major. The available specialisations include:

● Finance
● Entrepreneurship
● Business Analytics
● General Studies
● Digital Marketing
● Marketing
● Human Resources

Option 5: Learners can also opt for a more research-based approach by gaining 12 extra credits for research and dissertation in the chosen major, boosting their understanding of the topic and significantly improving their employability.

Real-world Exposure

A BBA program facilitates meaningful internships, industry projects, and real-world exposure. These experiences provide invaluable insights into the workings of the business world, allowing students to bridge the gap between theory and practice. Students gain a nuanced understanding of real-world challenges through internships with multinational corporations or hands-on projects with local businesses.

Final Thoughts

Adapting to a dynamic business landscape requires a blend of versatility, adaptability, and a holistic understanding of business principles. A Bachelor of Business Administration (BBA) from BMU is the degree of choice in this context. The agility of the curriculum, emphasis on critical thinking, and the comprehensive nature of the education make BMU’s BBA graduates well-prepared for the challenges of today’s business world.

As the forces of change continue to shape the business landscape, investing in a BBA degree becomes a choice and a strategic move for those aiming to thrive in the dynamic and competitive business world. The duration of a BBA course acts as a crucial enabler, allowing students to undergo a transformative experience that equips them with the skills and insights needed to navigate the complexities of the modern business environment. Whether you aspire to lead multinational corporations, launch your entrepreneurial venture, or contribute meaningfully to a socially responsible business, a BBA sets the stage for a successful and impactful career in the future.

The post Adapting to a Dynamic Business Landscape: Why BBA Is the Degree of Choice Today appeared first on BML Munjal University.

But mostly there have been some negative impacts which have impacted human life, about the daily lives, small and medium businesses, daily wage earners, social lives. It has also brought forward many shortcomings we have been living with, such as not enough medical facilities, shortage of doctors, ventilators, nurses, improper social distancing, unhygienic living conditions, etc. 

The economic downturn appears to be unavoidable too. However, the good news is that this enormous socio-economic change has brought about a focus on some important career options for future professionals, which will be extremely relevant tomorrow. Let’s look at ten career opportunities that will continue to be even after the COVID crisis. 

1)    Robotics- One of the main reasons why the work zones were shut down completely during a pandemic was because of the conditions in most of the factories in India and even across the world. For assembly line tasks, for which we have a lot of migrant workers in the cities, there is no scope to employ social distancing. Factories had to be shut down, and these workers had to be sent home. 

Not only had this affected the output, production, and supply of products manufactured but also the lives of the workers in the manufacturing industry. With the advent of robotics, such issues can be taken care of. Technologies such as these can help employ robotic automation to deliver manual tasks without risking the lives of any human being. 

Therefore the world is gradually moving towards developing such techniques that are relatively independent of human intervention. A career in robotics is lucrative, especially in the post COVID era. At BML Munjal, the B.Tech students who opt for mechanical engineering, can specialize in Robotics and study one of these cutting-edge technology to avail themselves of a career in this very demanding field. 

2)    Artificial intelligence and machine learning– Countries across the world and businesses are trying to re-establish themselves as resilient in the event of such future epidemics. The COVID 19 situation has been an eye-opener for most about how necessary it is to bring about a change. Tech-savviness is a critical part of that desired change. More and more companies are trying to incorporate technologies to fortify themselves from such a breakdown to deliver business as usual.

Artificial intelligence, internet of things, machine learning, is a key part of such technological advancement. As a result, there is going to be a huge demand for B.Tech students with these specializations or backgrounds. BML Munjal’s Computer Science & Engineering and Electronics & Communications Engineering offers opportunities to study these subjects in-depth, along with experiential learning. This helps the students to be better able to transition from academics into businesses.

3)    Human resource champions – The way work is being delivered during and after COVID, is a major change from what it used to be earlier. Large multinational companies that had shirked away from providing work-from-home options are now changing their ideologies towards making remote working the new law. There are immense benefits for both employees as well as employers in the case of remote working.

However, to move into this new regimen, the entire pattern of workforce management, productivity measurement, leaves, mental health checks, benefit mechanisms have to be reworked. With the “operations floor” gone, companies have to look at connecting with employees through other mediums. The new-age HR champions will help in creating these new ideas to rebuild virtual workspaces. Traditional HR metrics will no longer be relevant. 

Therefore, new demand for a fresh wave of HR management trainees will be created. Management schools such as BM Munjal’s MBA courses are designed to meet the new requirement in industry practices through industry visits, customized curriculum, more focus on practical learning, etc. 

4)    Legal experts- Businesses have become more vulnerable than ever before as employee transfer, deputations, onsite assignments, quarantine regulations, leaves, etc. have to be customized according to the laws of the land. This entire body of policies has to be relooked at from a legal perspective. New corporate lawyers will be required to fill such positions in the legal team of business houses to draft newer policies about the laws. 

BM Munjal’s BA LLB and BBA LLB program are designed to keep up with the practical requirements through experiential learning. As such, the course is designed in a way to groom future legal practitioners to meet the changing requirements. 

5)    Digital transformer – Whether it is the corporate or education industry, hotels, or small enterprises, restaurants, etc., the dependence on digital technologies has grown by leaps and bounds. Many software service providers are now lending digital transformation support in this journey of their clients. From building apps to establishing blockchain, cloud technologies, a digital transformation plays a very big role and is even more relevant after the pandemic era. 

The B.Tech program in BMU offers several specializations such as Computer Science & Engineering and Electronics & Communications Engineering, which prepare students to graduate with industry-ready knowledge and skills to take up such roles.

6)    Business leaders- The Business leaders of the 4th industrial revolution, especially after the pandemic which has swept over so many changes in many facets of business, are required to be critical thinkers who can lead the company ably through such troubled times. These leaders display exceptional mindfulness, thought leadership, foresightedness, whether it is in the field of data, manpower, or changing objectives. 

As students of business studies in BMU, the leaders of tomorrow develop not just their knowledge but also other critical competencies that are required to succeed through this transition. Textbooks do not prepare one for real-world challenges, which is why the courses in BM Munjal stand apart from most other educational institutions. 

7)    Financial consultants- It is needless to say that with the world coming to a standstill, there is a widespread fear of another recession set in. Financial experts and consultants across the world are working on analyzing and studying the effect to do anything that could avert a disastrous downturn of the economies. From BA Economics to B.Com or MBA in Finance, BML Munjal offers many courses that can meet the demand for grooming future professionals who can join the world of finances as consultants or planners, or strategists. 

 8)    Entrepreneurship- Many small businesses have close down due to their lack of preparedness for this unexpected change in the world. But that leaves a lot of opportunities for future entrepreneurs who see themselves as starting new ventures. Having seen the rampant effects of an epidemic, they are now better prepared to create a more resilient business that can withstand future disruptions. 

BMU’s business courses such as BBA and MBA, are so designed that students develop a 360-degree approach to solving a problem. They are not focused on learning worded concepts alone. Groupthink, leadership abilities, problem-solving, networking, and learning about industry challenges are some of the areas where the students excel at and become thought leaders of the future. 

 9)    Marketing managers- Changing market trends is a fallout in the post-pandemic era. Consumer requirements would change, given the new challenges. To give an example, the sudden boom in demand for home-delivered vegetables and groceries was an outcome of the pandemic. Earlier, this industry had suffered because Indians preferred to buy directly from the vendors instead of being delivered at home.

The COVID served as a push factor to break the mental barrier to move into accepting the new trend. These new challenges and demands would lead to expert marketing professionals who can devise, design, and create new marketing techniques for businesses. 

BM Munjal’s B.Com and MBA in marketing courses provide just the right opportunity for students to gear up for this career. A tie-up with one of the most prominent colleges of business – The Imperial College in London, provides BMU’s b-school a worldwide teaching methodology, student exchange programs, curriculum design, and joint research activities. 

10) Business analysts – In the post coronavirus world, companies are expected to better understand business trends and predict disruptions of business in the future. To serve their clients better, businesses need good business analysts who are equipped with the right skills and knowledge to analyze and forecast business trends and changing focus, market demand, consumer behavior shifts, etc. 

Students from BM Munjal’s BA Economics are groomed to understand complex societal and global economic situations to decide solutions in the real world. A specific course about this would be BMU’s MBA in business analytics, where the focus again is on experiential learning rather than textbook-based studies. Researchers expect or predict wars, asteroids, global warming, earthquakes, and what could be done or not done in such eventualities. 

But no one had been expecting a widespread pandemic, one that has made things unstable even though pandemics have been recurring every century. COVID 19 has opened up minds to think about such possibilities in the future too. Having said that, let’s understand that human beings are extremely dynamic, and they always try to find a way out of any situation – even if it is a lockdown. 

Mindsets have changed, and so have the working styles, the leave patterns, face to face meetings. Business is still going on. Newer technologies are coming up to bridge the gap created through social distancing. Remote working has become the new norm. While older processes and methodologies are getting redundant, new career streams are coming up and becoming extremely popular.  

The post Top 10 Career Opportunities Post COVID-19 – The Indian Mindset appeared first on BML Munjal University.

While it is not the end of academics, the next course of action determines where the professional life of a student will be going. This is why it is important to make the right career choice at this point.

Sometimes students feels overwhelmed by the whole new range of possibilities before them. At this juncture, there are a variety of diplomas, courses, certifications.

The difficulty is not in choosing, but in making the right choice. Students in this phase emerge from either of the three streams – science, arts, and commerce. Traditionally, most non-experts in India believe that science is for brainy people, arts for the not so brainy class, and the commerce stream is for those without any other choice in life!

However, this classification is not just ridiculous, and it is widely incorrect. Arts need as much innovation as science needs and commerce requires as much analysis too. No stream is less or more than the other. It is just about making the right career choice.

Some of the careerists’ courses which a commerce student can choose from are enlisted below:

1. BBA (Bachelor of Business Administration)

Eligibility:

Regardless of their previous course of study, a large number of students apply for BBA each year. This graduation course has immediate placement opportunities due to its course content. Below is an applicant’s eligibility criteria for this course:

1. An aspiring candidate must have cleared his or her higher secondary examination in any stream with required cut off marks for the colleges which offer the course.
2. Some colleges/universities have their entrance examination and/or interview for entry into the BBA program, which the candidate must clear.

About the course:

Following the success of the MBA as a postgraduate course, this course has become quite popular, although this is a course for undergraduates.

BBA students need not study MBA, contrary to popular belief. Also, completing a BBA course does not guarantee admission to the same college’s MBA program. BBA is a three-year graduation course.

Students who are interested in venturing into business should definitely study BBA. Finance and Accounting, Marketing, Organizational behavior, Statistics, Business Economics are some of the subjects students are taught in BBA.

Way ahead:

 Although this does not mean an MBA entry, BBA prepares a student for the MBA groundwork. A student who has learned BBA would definitely find it easier to understand the MBA course.

Many colleges also focus on learning experientially over textbook lessons. Their acumen for business and concepts related to it significantly increases after BBA.

Career options

Although there are placement opportunities directly after BBA, many students find it in their interest to go for an MBA course. Some colleges offer campus placement with starting salaries pegged at 3 lacs INR per annum.

1. B) LLB (Bachelor of Law)

 Eligibility:

1. An aspiring candidate must have cleared his or her higher secondary examination in any stream and meet cut off marks of the College of admission
2. There are some national level entrance examinations conducted every year. The score in these tests determines entry. LSAT, AILET, CLAT are some of the entrance exams for the law.

About the course:

LLB is a three-year course for students to enter the legal field.

There are two kinds of Law programs in India – the Integrated LLB (BA LLB or BBA LLB) and the  regular LLB program. The regular LLB requires a student to have completed graduation, whereas the integrated LLB accepts 10+2 students.

The former is of 3 years duration and the latter is for 5 years. The Bar Council of India or BCI governs and regulates the course. A law College should have BCI approval.

Students with high Analytical and logical reasoning skills, excellent communication skills should definitely consider law as a career option. India needs good lawyers. The course includes property law,  Constitutional Law, Contract Law etc, taxation, family laws, business law.

Way ahead:

LLB students can start practicing immediately after the course. However, many go for an LLM or a post graduation course in Law.

Students also go for an MBA degree after their LLB (especially those with BBA LLB). The understanding of business law is beneficial for those moving into the business field by doing an MBA.

Career options:

LLB students post-completion, of course, can start working as – Lawyers, Legal Advisor, Public Prosecutor, Attorney,  Lecturer, Solicitor General, Public Prosecutor, a Tax lawyer.

Some LLBs apply for State government and Central government jobs. In the government sector, the candidates have options to work in defense, tax, labor, contract.

1. C) B.Com (Bachelor of Commerce):

Eligibility:

A huge number of students directly move into the Bachelor of Commerce courses offered in numerous colleges across India after 10+2. The eligibility criteria to take admission into B.Com course is as follows:

1. Students must clear their higher secondary with Economics, English, Mathematics, Accountancy, Business Studies
2. Every college depending on its rank, has a different cut off criteria for application. A student must meet the cut off marks criteria of that college and clear entrance tests, if any.

About the course:

2. B.Com is one of the most traditional and widely popular degree course pursued by Commerce students after 10+2. It is a three-year graduation course and is taught in most undergraduate colleges. Apart from Finance and accounting, other subjects which are part of the curriculum of a commerce degree are- Taxation, Income Tax, Entrepreneurship, Corporate Accounting, Economics, Audit, Business Communication, Mathematics, Computer Applications Accounting, Company Laws, Business Regulatory Framework, Business Environment, Marketing.

The course is semester based and is divided into 6 semesters. Students who seek a career in finance set, create their foundation through a B. Com degree.

Way ahead:

A B.Com student can pursue a Masters in any of the subjects from graduation and get into academics and research.

You can also prepare for a number of examinations, such as public service and administration. Many students target the CA or Chartered Accountancy examination after completing the course.

MBA is yet another option for B.Com students who mostly then specialize in MBA Finance, although it is not a mandate.

CS (Company Secretary) and CMA (Cost Management Accounting) are some of the other options for B.Com students.

Career options:

There are multiple opportunities for students who have studied B.Com. Jobs are available after completing B.Com but they are at the entry-level.

Hence, they may not earn a lot of money. Further studies after B.Com (as mentioned above) such as MBA, CA, CFA (in the US), M.Com can lead to below roles:

• Chartered Accountant
• Financial Analyst
• Accounts Manager
• Business Consultant
• Tax Consultant
• Business Executive
• Financial Consultant
• Accountant
• Treasury officer
• Finance manager

Some banks and financial institutions hire B.Com graduates for entry-level positions. A B.Com graduate can also prepare for bank examination as PO (probationary officer) after B.Com.

These exams are held by different banks at different times, which are announced in all national dailies.

1. D) Bachelor of Arts in Economics:

Eligibility:

Bachelor of Economics (BA in Economics) is a course that is offered in most colleges and universities across India. A student has the option of studying a regular or full-time course or as distance education mode.

1. An aspiring candidate must have cleared his or her higher secondary examination in any stream but with Economics as a subject in either 10th or 12th.
2. The cut off criteria for every college varies and a student has to meet the respective criteria along with clearing the entrance tests, if any.

About the course:

The three-year degree given by most colleges for a major in Economics is Bachelor in Arts. Although some colleges also give Bachelor of Science Degree.

The B.Sc course has more focus on Statistics and advanced mathematics as compared to BA with Economics.

Nobody can question the importance of economics after the recent Nobel Prize award to Mr. Abhijeet Banerjee. Economics is the world and definitely the country’s backbone.

Without economics, it is impossible to run the economy of an institution small or large, efficiently.

Statistics, International Trade, Macro Economics, Agricultural Economics, Indian economics, Mathematics are some of the subjects taught in Economics. Students who pursue the study of Economics can specialize further in post-graduation.

Way ahead:

Students studying Economics can pursue any of the below-mentioned career options or can pursue higher education:

• Actuarial Science – Statistical skill and mathematical finesse help in determining risk in financial matters, which is what Actuarial Science is about. It is quite a popular choice among students of Economics.
• Indian Economic Services – Jobs in the public sector or in the Indian government are many. Students aspiring to be civil servants can opt for this , as it gives them the opportunity to work for the Indian regulatory committee, policies, planning commission, price fixation. All regulatory bodies hire candidates from Economics background.
• Agricultural Economics
• Business Economics
• International Economics
• Macroeconomics
• Econometrics

Career options:

Economics is a highly sought after discipline, not only in India but throughout the world.

Because of economic equilibrium, the whole world functions, and this is accomplished through the concepts and guidance of some of the economists of great minds. Some of the roles which an economics student can target are:

• Investment analyst
• Risk analyst
• Economic consultant
• Auditor
• Financial manager
• Public services
• Independent economist
• Research

While a commerce student has many other options, these four are the most popular choices after the 12th. While many colleges teach these courses, it is important to choose the best college for the purpose. The choice of academic institutions is as important as the choice of subjects.

Below are some criteria which a student can and should look at before applying.

• The rank of the College
• Is there an affiliation to any foreign university?
• Is it approved by the national regulatory boards?
• Placement record
• Opportunity for higher studies and research
• Faculty profile

Applying to colleges is a critical process; it requires time, effort and information. A student is expected to be well informed before investing in his or her own education, whether they are self-funding it or not.

The type of teaching methodology or pedagogy followed is also an important criterion. Textbook-oriented courses fail to fit the benchmark of industry readiness and also come short of corporate expectations.

Institutions like BML Munjal University follow an experiential learning technique and 45% of their curriculum is based on practical learning. They offer all of the above four courses.

Also, BMU has a tie-up with the Imperial College London, which not only provides mentorship to students and faculty, but also help in content management of courses, research activities, and maintaining a global benchmark.

The post A Career in Commerce – Planning for Next 10 Years appeared first on BML Munjal University.

To mitigate environmental issues, the Government of India decided to promote Electronic Vehicles (EV) to reduce pollution.

However, as per a Castrol report, the new car owners wouldn’t be buying EVs until 2030 because of several factors.

Proper infrastructure is one of the critical factors. But whatever the cons are of using and promoting EVs on Indian roads, the overall electric cars on the Indian roads will be almost 100 million in the financial year 2030 from just a half million in the financial year 2020.

But what are these electric cars or EVs?

More about Electric Cars

Electric Cars are one of the most recent vehicles run by electricity instead of the typical fuels like petrol, diesel, or CNG.

The electric cars’ batteries can be charged for reuse. There are three types of Electric Vehicles available in India as of now. They are-

• Entirely battery-operated electric cars
• Solar-powered electric cars
• Hybrid electric cars

The History of EVs-

The history of the origin of Electric Vehicles (EVs) dates back to the mid-19th century.  In 1828, Ányos Jedlik discovered a specific type of electric motor.

He created a small model car that could run on his new motor. Between 1832 and 1839, a Scottish discoverer Robert Anderson discovered a crude carriage run by electricity.

In 1835, Professor of Groningen, the Netherlands, SibrandusStratingh, and his assistant Christopher Becker from Germany created a small-scale electric car run by non-rechargeable primary cells.

Although the origin dates back to the 19th century, the vehicular land speed came around 1900.

Initially, the electric battery-run cars’ speed was too less compared to the internal combustion engine vehicles. As a result, people would pay no mind to take an interest in EVs.

But the scenario changed around the 21st century. People started worrying about the hydro-carbon fueled cars that create pollution, bad gas emission, and other disasters to the environment.

Current Scenario:

Since 2010, EVs started becoming popular apart from public transports. The most surprising fact is that by 2016 September, almost 1 Million electric vehicles were delivered globally.

This was the turning point of the global acceptance of electric vehicles. The speed to acceptance was so good that by 2019, almost 4.8 million cars were sold, and by 2020, it reached 10 million units.

As the cost of batteries got down by 73% since 2010, electric cars started to gear up their growth speed. The coming decade is considered as the decade of electric vehicles.

Market share of EVs in India

As electric vehicle manufacturing is becoming popular every day, its market share is also expected to rise greatly. India’s GDP is expected to grow by an amazing 25% by 2022.

The best part is that, apart from reducing environmental pollution, EVs can lower oil import by about $60 Billion by 2030. Currently, 82% of the oil demand in India is fulfilled by import. So, it’s evident how much beneficial the Indian economy will be if this import cost is reduced.

EVs fuel price

Surprisingly, the fuel price of EVs can be as low as only 1.1Rs/ km. As a result, the overall cost of about Rs 20,000 is reduced while traveling every 5000 km by an EV. Also, it will reduce vehicular emission, which otherwise creates a 3% GDP loss every year.

Campaigns for EV Adoption

When we talk about e-mobility, EVs are the only options. From 1st April 2020 till 31st January 2021, India’s fuel price has increased almost 75 times.

With ever-increasing petrol price (almost 95Rs/liter in Delhi as of June 2021), many states in India have already dived into EVs’ usage. Delhi and Kolkata are the two forerunners in this aspect. They promoted e-rickshaws that are much environment-friendly and economical.

One amazing fact is, in Delhi, almost 1 Lakh e-rickshaws are operating, and Kolkata is not too far from this rally. This development is encouraging private car owners to switch to EVs.

The Indian Government has started formulating EV adoption, like the National Electric Mobility Mission Plan (NEMMP), Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) Scheme, loan subventions, and income tax rebates alongside similar relaxations on the state level.

According to a Niti Aayog report, India wants a minimum of 10 GWh of cells by 2022.

Some other ways that the Government is implementing for the promotion of EVs in India are-

• Reduced GST amount to only 5% compared to the regular cars’ 28%.
• Loans of approx. 1.5Lakhs exemption for buying electric vehicles.
• Customs duty exemption for importing EV parts.
• a five-year phased manufacturing program (PMP) until 2024

Switch Delhi Campaign

Recently, a campaign was run in Delhi, known as the Switch Delhi Campaign, in which people signed to promote electric vehicles. It was an 8-weeks campaign that promoted the benefits of using EVs in industrial, personal, and public uses.

Seeing such an amazing response towards EVs in India, several 2-wheeler manufacturers have decided to manufacture electric bikes apart from the e-cars by the 4-wheeler manufacturers.

Last-Mile deliveries

With the growth of private cars, small transports and other modes for good transports, and trucks were the only solutions. However, some Last-mile delivery companies have taken the responsibilities by themselves to use EVs for transporting deliverables and reducing the carbon footprint from this earth.

Top EV Manufacturer Stocks in India

As the EV market is growing exponentially in India, car and bike manufacturers are gradually inclined to manufacture more electric-run vehicles.

• Mahindra Electric

Mahindra Electric is the forerunner in the EVs industry. They manufactured their first EV in 2001. Mahindra E20 and eVerito are the two popular EV variants by Mahindra Electric.

• Tata Motors

Though a popular name in the Indian automotive industry for manufacturing vehicles for personal use, public transports, and other purposes, Tata Motors is comparatively new to the EVs segments.

Tigor EV, Nano EV, and the Tiago electric variant are some of Tata motors’ popular EVs. However, Tata has focused mainly on Passenger Vehicles and electric busses. The demand for this segment of vehicles is expected to reach 4 Lakhs soon.

• Hyundai

Hyundai, with the launch of its Kona EV in India, has overwhelmed the EV market. The EVs by Hyundai is supposed to run 452 km in one charge. It answers the query of all vehicle enthusiasts in India, asking the question, “what’s the mileage given.” However, the model is about to hit the market in 2-3 years.

• Ashok Leyland

Ashok Leyland has developed busses and trucks based on Indian road requirements. They have introduced battery swapping for India and operating vehicles like the Circuit, HYBUS, Electric Euro 6 Truck, and announced the iBUS.

“TESLA” – The new HYPE or REALITY

In this year, 2021, the American company Tesla is launching Tesla cars in India, as per Nitin Gadkari, The Minister of Road Transport and Highways, Government of India.

The Government of India targeted to install renewable energy capacity of 175 GW by the end of 2022. This includes 10 GW from bio-energy, 100 GW from solar power, 5 GW from hydropower, and 60 GW from the wind.

At the United Nations Climate Action Summit, Prime Minister of India Narendra Modi announced snowballing the renewable energy target to 450 GW by 2030 from 175 GW by 2022.

With these highlights in mind, it is understandable that the Government is accelerating electric vehicles’ promotion, which will consume less non-renewable sources of energy, rather than focus on battery charging and emission-free transport.

So, in this scenario, the promotion of TESLA cars in India is a good option for the American company owned by Elon Musk.

However, the subsidy provided to the Indian companies is much higher that can result in the manufacturing cost of the parts of the local companies cheaper than the TESLA one. 

Advantages of Using an EV

The main factor that makes EVs the winner in the automotive industry is their environment-friendliness. However, several other factors are too important to ignore.

• Environment first-

The air pollution in urban Indian cities can be reduced to a great extent with Electric cars. These cars use batteries that do not do emissions like the internal combustion engines. Even due to having less or no sound, these vehicles help in reducing noise pollution as well.

• Lower Operational Cost-

It is estimated that almost 75-80% of fuel expenses are reduced by using EVs. Compared to the other conventional cars, EVs have 75% fewer movable parts that also create a much lesser maintenance bill.

• A good amount of savings

As India’s Government is inclining towards higher usage of EVs, different incentives and tax relaxations are offered to encourage more buyers.

• BoP deficit

In 2019-20 alone, India imported crude oil worth 120 billion dollars. This BoP (Balance of Payment) can be reduced to a great extent by using EVs.

Disadvantages of using EVs-

• Costly

EVs are a bit more costly since it has lower maintenance costs; as the parts are small and not ample in number in the Indian landscape, the repairing cost increases.

• Infrastructure issues

The scenario in which EVs are expected to operate is still in an ideal condition. There is no ample battery charging center or car repair center, and even manufacturing centers in India. With proper infrastructure built gradually, more vehicle owners are expected to incline towards buying EVs.

• Post Sales service

As EVs have not become too popular in India, the post-sales service is also a bit poor compared to conventional petrol and diesel cars.

• Poor road condition

As the road condition in India is poor, hence the longevity of the cars becomes less. Also, the drivers need to be trained and well-aware while driving these cars.

What can be done for the Future Flourishment of EVs?

India’s EV market will grow at a Compound Annual Growth Rate (CAGR) of 22.1 percent shortly. The main reason behind this is the Government’s constant support and innovations to eliminate the issues that may otherwise be holding the EV industry from growth.

1. More incentives, tax cuts, and rebates should be given to the vehicle purchasers along with the stockholders
2. More spending on R&D
3. Phasing out the ICE vehicles
4. Creating proper infrastructure
5. Several drives to make people conscious of the benefits of using EVs

Takeaway

Evolving from one technology to another is always a challenge. For decades, the people of India are habituated to conventional cars. So, suddenly the shift to EVs will be a bit difficult for them.

However, with proper campaigns and financial benefits, electric vehicles will soon be a common affair in the car industry. Currently, 1% of the total car sales in India are EVs.

So, with time, we can expect the number to be growing to a great extent. By any chance, the Government of India plans to make 100% EVs on the road by 2030.

“Subsidizing manufacturing for every aspect of an electric drivetrain will certainly improve the odds. Better researched go-to-market strategies by companies will ensure that they can manage their rollouts in an amplified manner,” explained Akhil Aryan, CEO, and co-founder of ION Energy.

The post The Future of Electric Vehicles in India appeared first on BML Munjal University.

Creating machines that can “learn,” respond, and act according to the desired outcome is what everyone is endeavouring for.

Given this focus, organisations are investing more and more in replacing older systems with newer ones powered through AI.

Resolving employee queries using chatbots, the first level of job application screening through AI-powered systems, risk evaluation, learning, and development – there are many such areas where larger companies have invested in AI and are reaping benefits. Smaller organisations and start-ups, too, are not far behind.

With the growing need for Artificial Intelligence, there is a huge demand for AI professionals and Machine Learning Experts getting built up.

Engineering students, too, are showing interest in taking up this subject to enter the industry and grab up the opportunities.

While Artificial Intelligence is the result of a series of technologies involved in creating a “smart” process, Machine Learning, Neural Networks, data science are some of the building blocks which need to be learned to build a career in AI. These are the “skills” learned with an Artificial Intelligence course.

The BMU Perspective

BML Munjal University was created to bring about a change in the way education is delivered to students. At BMU, we give a lot of focus to the course curriculum.

It is designed and customised from a regular one with the help of industry experts. We have collaborated with the Imperial College of London, which makes our courses with a truly global mindset.

Our Bachelor in Electronics and Communications Engineering course is no exception in this regard. We have several subjects involving the latest technology incorporated in the course – Artificial Intelligence and Machine Learning is one of them.

To truly excel in any field, we believe that students must transition from academia to the corporate world. We make it possible through our multiple industry interfaces and relevant courses so that our students can settle smoothly in the corporate.

For a career in AI, it is also important for students to learn to program in Python, Java. We ensure that students learn programming before leaving college.

Talking about skills, we should also note that a successful career in Artificial Intelligence is not guaranteed with learning the “subjects” mentioned above.

There must be some behavioural or attitudinal competencies inherent in an individual or acquired through practice, making someone a strong candidate in a career stream.

Like, theoretical knowledge of medicines and human anatomy does not make someone a good doctor; he or she needs some other skills such as being resilient, persistent, eye for detail, and strong sensory abilities.

Likewise, a career in Artificial Intelligence requires some skills that can be learned or acquired along with the course.

For ease, we have divided the skills into 3 clusters based on the KSA format of competencies: Subjects (Knowledge), Languages and Tools (Skills), and Behavioural (Attributes). Let us have a look at some of these:

A. Subjects

1) Machine Learning

If it is represented as a Venn diagram, Machine Learning is a subset of AI. Artificial Intelligence empowers a machine to “behave” intelligently.

Machine Learning is the process of “teaching” the machine to exhibit such intelligence. Machine learning builds a model on data, which helps a machine make intelligent predictions without using a coded algorithm.

There is no learning AI without skilling up on ML. Machine learning uses 3 approaches to “teach” a machine: supervised, unsupervised, and reinforced learning. Netflix suggestions (based on matches), email filtering, are some of the many applications of ML in daily lives.

2) Deep Learning

360-degree camera view by stitching together images from cameras located on four sides of a vehicle is a common example of Deep Learning. Deep learning is a subset of Machine Learning and is a method in which the AI system “learns.”

It uses multiple layers to pick out deeper features from an image or a sound. Higher the layers, finer the details, while the lower layers extract only the outline from an image.

Image recognition, speech, or audio recognition are some areas where Deep Learning is used. It has a wide range of applications and is a skill that is learned in an AI course.

3) Data Science

After theoretical, empirical, and computational, Data Science is the fourth paradigm of science. It combines mathematics, statistics, and algorithms to “read” insights and gain knowledge from structured and unstructured data.

Data science is an important aspect of Artificial Intelligence and some other fields that depend primarily on the analysis of data. It is an essential skill that comes along with a course on AI.

TensorFlow, PyTorch, Apache Hadoop, and Jupyter notebook are some of the platforms used in Data Science for data processing.

4) Neural Networks

The neural networks or artificial neural networks(ANNs) are built to replicates the biological neural networks in the human brain. Just like the neurons in the brain, the ANNs also have nodes that are interconnected in the network to transmit inputs from one to the next in the form of “signals.”

Applications of ANNs include 3D reconstruction, handwritten note recognition, spam filtering, games, to name a few. This is a wide subject in itself. However, an AI course also provides a scope for an elementary understanding of the subject.

B. Language & Tools

5) Languages: 

No matter which part of the world, Python is considered the most used language for programming AI systems. To become an AI expert, knowledge of programming using Python and a few other languages is important. Java, PROLOG, R, LISP, C++ are a few of the other languages used in Artificial Intelligence.

It is possible to learn programming in these languages through several easily available online resources. Most of them are hosted by open-source software and can be made available to anyone. Python is widely used because of its extensive library and ease of use or simplicity. Python is learned by even people from non-technology backgrounds.

Most AI systems are built on Python, and it will certainly give you an edge over others if you have mastered the language. Python is a language skill that needs to be developed to get into an AI career, from creating algorithms to encoding.

6) Knowledge of advanced signal processing techniques

A part of this is covered in Machine Learning itself. However, signal processing being an important aspect of Artificial Intelligence, it is imperative to learn some of the techniques.

Physical waveforms such as sound when transduced into electrical signals using electronic processors. The same applies to images when converted into pixels to transform meaning electronic information.

Projects in this field solving algorithms in signal processing can help become an AI expert.

7) Unix tools

Most AI inventions and work are currently focused on hardware and software changes to make life easier in banking, online search, user interface, healthcare, and customer care.

And nearly all of this work of data processing happens in the Linux ecosystem. Therefore, it is difficult to work on different functions of AI without being accustomed to Linux-based systems and UNIX tools such as cut, sort, ark, tr, grep, etc.

C. Behavioural

8) Problem-solving

Artificial Intelligence with problem-solving is not even possible. AI itself is a constant effort at solving problems that can make life easier for mankind.

The AI Effect is all about that. Larry Tesler’s Theorem states, “AI is whatever hasn’t been done yet.” Once it is done, or a problem is solved, then it is no longer “intelligence”; it is just a repetition of codes/

Given the above, problem-solving and analysis become a huge part of AI. Whether AI in banks or AI in warfare, AI in the medical world, or AI in Data Science, analysis of the problem is a must.

What do AI professionals do? At the end of the day, AI professionals are tirelessly working to solve one of the many problems faced by man and innovate a technology that can make our lives easier.

To make a machine follow a predetermined set of rules is not the task of an AI specialist. Creating a new set of rules each time to solve a new set of problems is what AI experts do.

Microsoft CEO said, “The future we will create is a choice we make. Not just something that happens.” And it is this creation of the future where Artificial Intelligence experts contribute greatly through their problem-solving skills.

9) Communication and collaboration

Unline in the movies, which show a miraculously talented scientist, was working on codes or test tubes and jumping up from his seat saying, “Eureka,” researchers or scientists or engineers do not work like that in real life.

In most cases, they work in the Research and Development department of an organization with ten other team members. These ten people are responsible for the initiation, development, completion, delivery, testing, and presentation of the technology they work with.

In this environment, the team constantly debates, discusses, brainstorms, and communicates their thoughts and ideas through calls, meetings, presentations, reviews, and discussions.

This is why it is important to understand that there is no respite from a very important skill required of almost all jobs – Communication and collaboration.

To get the project running for an organisation, AI experts will probably need 15 other team members, the best minds hired from the industry.

Like the team huddle, there will be scrum meetings, review meetings to discuss progress,  challenges, and daily tasks. The communication and collaboration skill is key to succeed in this environment.

This is a skill anybody, especially students of any field, must develop to succeed in their careers even if it requires them to work with machines.

10) Computing efficiency

How do you make a machine “learn”? Machines do not have natural intelligence and cognitive abilities to learn through a social environment. They are “taught” through data.

An enormous amount of data is fed into them so they can relate to patterns and can identify and therefore “learn.” To give the simplest example of AI.

To make a machine “identify” an image as “Cat,” it must be fed with endless images of “cats” of different kinds, from different angles and told that “these are cats.” The machine “remembers,” and when shown a cat, the machine calls it a “cat.”

Having said that, it is important to note that an AI engineer will work with data. Enormous amounts of data on which they will apply mathematics, programming, and algorithms.

The data can be so huge that it may have to be distributed across a system of machines or clusters, and that is known as “Distributed computing.”

It is not just enough for an AI aspirant to know about computing; they must also be comfortable distributing computing.

AI aspirants should have a knack for computing data, statistics, applied mathematics, and working with probability. This skill is indispensable and a must for all AI engineers.

Speaking about skills – knowledge or attributive, an Artificial Intelligence professional should also be innately creative and curious.

These skills are inherent in a person. They are either there or not. Ask yourself, Am I curious to learn more even after I have failed a million times?

Do I have the patience to work and fail, work, and fail to come up with a resolution? Am I someone who understands consumer needs?

Artificial Intelligence is about innovating to design solutions for newer needs. Therefore an AI expert constantly strives to understand those needs – social needs and logistical needs of the end-user.

It is only through understanding these needs that new inventions will come and new problem statements which will then be needed to solve.

This self-evaluation, along with a deep sense of interest in the subject, will catapult you towards a career that is not only interesting but also highly in demand. A mastery of the skill sets mentioned above will ensure that you are successful in that career.

The post Top 10 Skills to Gain in Artificial Intelligence in 2023 appeared first on BML Munjal University.