Top scholarship offers at MUJ

Any higher education degree can be a major investment. But one that can open a whole new world of career options and employment avenues. Fortunately, today a lot of universities and reputed institutes are offering innovative payment options to make these degrees more affordable and accessible. Besides, there are a whole lot of funding options you can rely on to fund your education and repay later. So, don’t let financial constraints get in the way of the management degree of your dreams.

1. Scholarships

One of the most sought-after ways to pay for any professional higher education degree, be it in your own country or abroad, is scholarships. Almost all leading B-schools and universities offer these scholarships. Their appeal lies in the fact that students can focus entirely on their education, without worrying about the cost of education as under these, students get a discount on the academic fees.

However, since scholarships are based on certain pre-requisites, they also require applicants to meet certain eligibility criteria such as past grades, a timeline for completing the degree, and performance-monitoring. You may also be required to submit essays or letters of recommendation to support your application. Besides, these scholarships are often offered on a first-come, first-served basis.

Here are top five scholarships being offered at Manipal University Jaipur for aspirants of online degree education:

Merit scholarship

MUJ offers 10% discount to aspiring students who have achieved 60% or more aggregate marks in their 12th (10+2) or equivalent examination from any recognised educational board in India

Defence scholarship

Respecting the sacrifice of the Indian Armed Forces and Paramilitary Forces, MUJ offers a 20% discount to all defence personnel whether serving or retired.

Divyang scholarship

As per the Govt. of India’s directive to promote healthy environment supporting physically challenged individuals, MUJ has rolled out a 20% discount. All aspirants in occupancy of a govt. Divyang certificate are eligible for this scholarship.

PSU scholarship

To aid government employees (Central and State) in pursuing higher studies in professional courses, MUJ is offering a 10% discount. All employees in Govt./ semi-Govt services are eligible to avail of this discount.

2. Student loans

The next most popular option for self-funding higher education is student loans. These are long-term loans with a provision of repayment after you’ve completed your degree. However, the terms of these loans vary greatly. While some cover all expenses such as tuition fee and living costs, others only cover the academic cost.

A lower interest rate as compared to other loans is what makes these appealing to students who don’t have the immediate resources to bear the cost of a professional management degree. A lot of banks also have tie-ups with institutions offering courses. This makes the process of the loan application and approval a lot more streamlined and hassle-free.

3. Paying in EMIs

Online courses are preferred options for young professionals as well as students, as these present the perfect combination of flexibility and affordability while offering high-value degrees from prestigious business schools and universities. In terms of financials, not only are online programmes more cost-effective than an on-campus one but they are also easier on the pocket since you have the option of paying the fee in easy EMIs.

Another key benefit is that you can pursue your course and a full-time job at the same time. Your earnings can, thus, be used to fund your education. This means no debts to deal with later on.

4. Employer-sponsored education

Today, upskilling has become a major focus in organisations across the world. Employers have finally woken up to the fact that helping their existing workforce acquire new skills proves far more cost-effective and productive in the long run than hiring and onboarding new employees. If you’re a working professional, you can look for a sponsored degree programme supported by your employer.

These are mostly executive education courses, but you can earn your degree without spending a single penny from your pocket, and repay your organisation with your newly acquired skills.

5. Part-time earnings

Many students work part-time jobs to pay for their higher education degrees. This is typically the case when they’ve either secured scholarships or student loans that only cover the cost of education and no other expenses for this period. Tutoring, teaching, taking up research projects or working as assistants are some of the common profiles that students consider for part-time work to support themselves while pursuing a degree.

The bottom line

There is no ‘one size fits all’ approach when it comes to funding your own professional education degree. The right fit depends on your circumstances and vision for the future. That said, the option to pursue an online degree and pay for it as per your ability remains unmatched in terms of flexibility and affordability, even more so for those who cannot secure a full scholarship.

5 ways to fund your education and get the management degree of your dreams

An MBA degree can be a major investment. But one that can open a whole new world of career options and employment avenues. Fortunately, today a lot of business schools and reputed institutes are offering innovative payment options to make these degrees more affordable and accessible. Besides, there are a whole lot of funding options you can rely on to fund your education and repay later. So, don’t let financial constraints get in the way of the management degree of your dreams.

Here are five ways you can fund your own education:

1. Merit-based scholarships

One of the most sought-after ways to pay for an MBA degree, be it in your own country or abroad, are scholarships. Almost all leading B-schools and universities offer these merit-based scholarships. Their appeal lies in the fact that students can focus entirely on their education, without worrying about where the next instalment of the fee will come from.

However, since scholarships are based on merit, they also require applicants to meet certain eligibility criteria such as past grades, a timeline for completing the degree, and performance-monitoring. You may also be required to submit essays or letters of recommendation to support your application. Besides, these scholarships are often offered on a first-come, first-served basis.

2. Student loans

The next most popular option for self-funding higher education, such as an MBA, is student loans. These are long-term loans with a provision of repayment after you’ve completed your degree. However, the terms of these loans vary greatly. While some cover all expenses such as tuition fee and living costs, others only cover the academic cost.

A lower interest rate as compared to other loans is what makes these appealing to students who don’t have the immediate resources to bear the cost of a professional management degree. A lot of banks also have tie-ups with institutions offering MBAs. This makes the process of loan application and approval a lot more streamlined and hassle-free.

3. Paying in EMIs

Online MBAs are preferred options for young professionals as well as students, as these present the perfect combination of flexibility and affordability while offering high-value degrees from prestigious business schools and universities. In terms of financials, not only are online programmes more cost-effective than a regular MBA, they are also easier on the pocket since you have the option of paying the fee in easy EMIs.

Another key benefit is that you can pursue your MBA and a full-time job at the same time. Your earnings can, thus, be used to fund your education. This means no debts to deal with later on.

4. Employer-sponsored MBA

Today, upskilling has become a major focus in organisations across the world. Employers have finally woken up to the fact that helping their existing workforce acquire new skills proves far more cost-effective and productive in the long run than hiring and onboarding new employees. If you’re a working professional, you can look for a sponsored MBA programme supported by your employer.

These are mostly executive MBAs, but you can earn your degree without spending a single penny from your pocket, and repay your organisation with your newly acquired skills.

5. Part-time earnings

Many students work part-time jobs to pay for their MBA degrees. This is typically the case when they’ve either secured scholarships or student loans that only cover the cost of education and no other expenses for this period. Tutoring, teaching, taking up research projects or working as assistants are some of the common profiles that students consider for part-time work to support themselves while pursuing an MBA.

The bottom line

There is no ‘one size fits all’ approach when it comes to funding your own MBA degree. The right fit depends on your circumstances and vision for the future. That said, the option to pursue an online degree and pay for it as per your ability remains unmatched in terms of flexibility and affordability, even more so for those who cannot secure a full scholarship.

Five recession-proof careers to get you through tough times

This year was filled with uncertainties raised due to COVID-19 and the ensuing worldwide lockdown. Both businesses and professionals have faced many challenges, from adapting to working from home to loss of employment amidst a global recession. Organisations were forced to downsize their workforce and reduce costs to survive the dip in the economy. A survey by Moneycontrol shows that 10.8+ million jobs have been lost across industries, including the IT industry, since the nation-wide lockdown in India.

During these uncertain times, job security and stability have become a critical concern for professionals. Even though challenges continue to flux the job landscape, a few job roles have emerged as practically recession-proof because of their increased demand and growth despite the crisis. Here are some of them.

1. Cloud Architect

Cloud Architects are responsible for overseeing an organisation’s Cloud Computing system, which involves working on Cloud application designs, Cloud approval plans, and managing the complete cloud storage. With several companies still working remotely because of the pandemic, it is imperative to ensure on-site and off-site presence at all times to minimize disruptions to business operations. This has led to an outpouring of demand for Cloud-based collaborative applications. CNN Business has reported that IT giant IBM is set to invest USD 1 billion in the Cloud space, which in turn, will lead to an increase in demand for proficient Cloud professionals, including Cloud Architects, in the market. There are more than 4,500+ unfilled Cloud Architect jobs available on LinkedIn alone.

2. Cyber Security Expert

Amid the pandemic, there has been a rise in the number of cyberattacks. This year alone, large companies like Twitter, Dr. Reddy’s Laboratories, Facebook-backed Unacademy, and BigBasket, have been victims of major data breaches. Organisations have become highly focused on securing their information networks and systems. To ensure that their systems are hack-proof, companies are actively hiring Cyber Security Experts. As per a pre-COVID projection by Cybersecurity Ventures, by 2021, the world will see a staggering 3.5 million unfilled Cyber Security jobs. With COVID-19 bringing newer Cyber Security challenges in front of organisations, this number will continue to grow in the coming years.

3. AI Specialist

During uncertain times like these, people’s dependency on technology has increased. Artificial Intelligence (AI) has seen an exponential rise in demand and growth lately. Several companies, like Amazon, Google, and Microsoft witnessed a hike in overall business profit by incorporating AI in their business strategies. As per a report by IDC, the total spending on AI applications is predicted to go up to USD 14.1 billion, while the total spending on AI services is estimated to rise up to USD 14.5 billion this year. This has led to a spike in demand for AI Specialists in the job landscape. In the present scenario, there are more than 1 lakh active AI Specialist jobs available on job portals.

4. Business Intelligence Analyst
With the ongoing pandemic, economic crisis, and influx of data, companies need to devise new business strategies to make smarter and data-driven decisions to survive. A Business Intelligence Analyst helps an organisation in achieving profitability goals by developing new data-smart organisational strategies. Today, there are more than 5,000 Business Intelligence Analyst jobs available on job portals like LinkedIn.

5. People Analytics & Digital HR Specialist

The dynamic of the workforce has swiftly transformed and become more employee-centered. People Analytics and Digital HR is shaping the future of workforce management. As per LinkedIn’s Global Talent Trends report, 73% of HR leaders have said that the incorporation of People Analytics will be a major priority for their company in the next five years. Organisations are actively hiring data-smart HR professionals with People Analytics and Digital HR skills to empower their teams. One quick search on job portals like Naukri shows 4,800+ open jobs for People Analytics and Digital HR Specialists.

Regardless of how the coming year will unfold, the statistics presented above clearly reflect that these career options will continue to be high in demand in the future. These five job roles can be a safety net during these difficult times.

Adept in Data Science and Emerging Technologies like People Analytics & Digital HR, Cyber Security, Artificial Intelligence, and Business Analytics, among others, Jigsaw Academy offers upskilling opportunities to professionals & fresh graduates and helps them build a recession-resilient career. If you also wish to build a recession-proof career for yourself, reach out to Jigsaw Academy to enroll for an industry-relevant course.