Online MBA Courses is a two-year postgraduate degree program that may be completed entirely online, with no on-campus attendance required. Basic business principles including accounting, finance, marketing, and management are often included in the online MBA curriculum. Working professionals or those with other responsibilities should choose an online MBA.
IIM Ahmedabad, NMIMS Global, and BITS Pilani are among the best online MBA institutions in India. Candidates for online MBA admissions must take entrance exams like the CAT, XAT, MAT, SNAP, and GMAT. In India, the cost of an online MBA typically varies from INR 3,00,000 to INR 10,000,000.
Worldwide, universities provide online MBA programs. The best universities in the world for online MBA programs, according to QS Rankings, include IE Business School, Warwick Business School, and Imperial College.
Introduction
Online MBA Courses is a two-year postgraduate degree program that may be completed entirely online, with no on-campus attendance required. Basic business principles including accounting, finance, marketing, and management are often included in the online MBA curriculum. Working professionals or those with other responsibilities should choose an online MBA.
Online MBA Course Details
| Duration | 1 – 4 years |
| Course Type | Online Degree |
| Admission Process | Entrance Exams or Direct Admission |
| Top Entrance Exams | CAT, College Centric Exams |
| Eligibility | 50% in graduation in any stream |
| Mode of Delivery | Live online lectures, pre-recorded lessons, assignments, and case studies |
| Top Colleges | NMIMS, LPU, Symbiosis Pune, IIMs, Jain University, Amity University |
| Course Fees (INR) | INR 50,000 – INR 4,00,000 |
| Salary After Online MBA | INR 5 – 6 lakhs per annum |
What is Online MBA?
The 1- to 4-year online MBA program does not need students to go to a physical location for class attendance. Working individuals can benefit greatly from the freedom that an online MBA program allows to study at their own pace and according to their own schedule. Compared to traditional MBA programs, online MBA programs are more accessible and cheap due to their reduced tuition rates and lack of travel or living expenditures. Despite being online, many online MBA programs give students the chance to engage with both professors and peers. Virtual discussion forums, webinars, and other online venues are used for interactions, facilitating peer networking and cooperation. Students can select from a variety of MBA specializations, including finance, marketing, human resources, and others.
Who should study Online MBA?
A number of people who want to pursue an advanced degree in business and management can benefit from an online MBA program. The following are some applicants that could profit from an online MBA:
- Working individuals: An online MBA is advantageous for working individuals who want to improve their job chances.
- Entrepreneurs: The Online MBA may be a great resource for people who wish to create a solid foundation in business concepts and techniques in order to launch their own firms.
- job Change: People wishing to change their careers can enroll in an online MBA program to gain the business knowledge they need to make the move to a job in business.
- Freshmen: Even while working full-time, an online MBA can provide freshmen a competitive edge for future opportunities.
Online MBA vs Distance MBA
| Parameters | Online MBA | Distance MBA |
|---|---|---|
| Mode of Study | Lecture, activities, examination, everything happens online/virtually | Only doubt sessions take place a couple of times throughout the tenure. Examination happens offline. |
| Syllabus | Online MBA syllabus is same as regular MBA with some variations | DIstance MBA syllabus is designed in a very brief and concise manner |
| Duration | 2-4 years | 2-5 years |
| Average Fees | INR 1,00,000 – INR 3,00,000 | INR 1,00,000 |
| Admission | Entrance Exams | Direct Intake |
| Eligibility | 50% aggregate in Bachelors | 50% aggregate in Bachelors |
| Networking | Interaction takes place during live sessions, webinars, group discussion, etc | No mode of interaction with peers |
| Exposure | Top colleges provide internship opportunities | No internship opportunities |
| Colleges | NMIMS, Amity Online | IGNOU |
Online MBA Courses in India
| University | Online MBA Program | Specializations |
|---|---|---|
| IIM Ahmedabad | Postgraduate Diploma in Management (PGDM) | General Management |
| IIM Bangalore | Executive Post Graduate Programme in Management (ePGP) | General Management |
| IIM Calcutta | Executive Post Graduate Programme in Management (ePGP) | General Management |
| XLRI Jamshedpur | Executive PGDM | General Management |
| NMIMS Mumbai | Global MBA | Finance, Marketing, Human Resources, Operations, Strategy |
| Symbiosis Institute of Management Studies (SIMS) Pune | Executive MBA | General Management |
| Amity Online University | Online MBA | Finance, Marketing, Human Resources, Operations, Strategy |
| Chandigarh University | Online MBA | Finance, Marketing, Human Resources, Operations, Strategy |
| Lovely Professional University (LPU) | Online MBA | Finance, Marketing, Human Resources, Operations, Strategy |
| Manipal Online University | Online MBA | Finance, Marketing, Human Resources, Operations, Strategy |
| D. Y. Patil Vidyapeeth | Online MBA | Finance, Marketing, Human Resources, Operations, Strategy |
Admission Process for Online MBA in India
The application process differs from institution to university in India for online MBA programs. However, there are a few standard procedures that most programs adhere to:
- Eligibility: To be eligible for most online MBA programs in India, candidates must hold a bachelor’s degree from an institution that is recognized and have a minimum GPA of 50%. Some programs could additionally demand that applicants have professional experience.
- Application: Applicants must complete an online application form and provide supporting documentation such as transcripts, a résumé, and reference letters. Additionally, some schools could ask applicants to take an admission test like the GMAT or CAT.
- Review: After carefully going through each application, the admissions committee will choose the applicants who best fit the program’s standards.
- Interview: Selected applicants can receive an invitation to one.
- Entry: Following the admissions committee’s
Eligibility for Online MBA
Following are the requirements for admission to an online MBA program:
Benefits
- Convenience: With an internet connection, online MBA courses may be accessed from anywhere in the globe. They are therefore perfect for students who have other obligations that make it impossible for them to attend regular on-campus programs, such as full-time employment.
- Flexibility: Students may often work at their own speed when taking an online MBA course. They are therefore perfect for students who need to juggle their education with other obligations or have hectic schedules.
- Affordability: Compared to conventional on-campus MBA schools, online MBA courses are frequently less expensive. Online courses have less expensive overhead, which is why.
- Opportunities for networking: Many online MBA programs give students the chance to connect with other students, alumni, and instructors. This can aid students in forming connections and discovering employment prospects.
FAQs
The cost of an online MBA program in India can vary depending on the university and the program. However, most online MBA programs in India cost between ₹4 lakhs and ₹15 lakhs.
Most online MBA programs in India take two years to complete. However, some programs may offer accelerated options that can be completed in as little as one year.
The job prospects for online MBA graduates in India are very good. Online MBA graduates are in high demand by employers in a variety of industries, including finance, consulting, technology, and manufacturing.
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- XLRI Jamshedpur
- NMIMS Mumbai
