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Online MBA Course: A Complete Guide

Update on 02 Nov, 23

Online MBA Course: A Complete Guide

 

Who can pursue an Online MBA Course?

Online MBA courses are open for students who have finished their graduation in any stream and want to get into the lines of Business and Administration. But it acts as a boon for many other individuals. Here we will be discussing who should go for online MBA course:

Graduates - Any Graduate who have finished their Graduation or are in the final year can go for this course. As this course will open various arenas of Business and Administration which is the need of the hour.

Working Professionals - Those individuals who are already into the field of profession but are looking for scope to explore the market and various domains, can apply for this course. It will not only provide them with an understanding opportunity of the market and simultaneous degree but also provide them with a fundamental learning experience.

Persons who want to go for a career shift - There are many individuals who want to go for jobs like Sales and Marketing, Finance, Human Resources etc For them, an online MBA is one of the best options as it is both convenient to access as well as remotely available.

 


 

Advantages of Online MBA Course

Advantages of Online MBA Course

  • Convenience - Online MBA programs enable students to learn from any location and at any time, without having to physically attend a classroom. This is particularly appealing to learners who have work or family obligations that make it impossible to join courses in person.
  • Cost Effective - Tuition rates for online MBA courses are frequently lower, and expenses such as lodging and transportation are eliminated. This may make it more accessible to students who cannot afford the expense of a standard MBA program. Thus, the cheapest MBA cost makes it affordable for anyone to enroll in this course and brighten their career.
  • More Demanding Due to Technological Advances - As technology advances, online learning platforms become more sophisticated and engaging, allowing students to enjoy an experience akin to traditional classroom-based learning.
  • Flexible Study Hours - Online MBA courses are frequently designed to be flexible, allowing students to complete coursework at their own speed. This can be a significant benefit for students who need to balance their academics with job or family obligations.
  • Global Reach - Online MBA programs have the potential to attract a global audience, allowing students to form connections with peers from all over the world.

 


 

Online MBA Program Future Prospects

Distance education programs, on average, cost substantially less than their full-time counterparts, making quality education available to a larger audience. According to an All India Council for Technical Education survey, the number of students enrolled in distance education degrees has steadily increased, with management studies being the most popular.

Online MBA Program Future Prospects

 

1. Entrepreneurial Mindset is Increasing Through Distance Online MBA Courses

According to an AICTE poll performed in 2021, around 18% of distance MBA graduates successfully launched their own businesses within three years of completing the program. This is clearly evidence that most MBA online courses develop skills and cultivate an entrepreneurial mindset in students.

A distance MBA fosters entrepreneurial spirit by incorporating practical approaches, startup management, and innovation into the program. It also includes read-time projects, case studies, and virtual job fairs. Virtual discussion forums are also available at several universities, such as Amity University Online Education.

 

2. Networking Opportunities: Advancing Your Distance MBA to the Higher Levels

According to an Online MBA Report survey, 82% of Distance MBA students increased their professional network during their degree. Online MBA students can connect with a varied community of like-minded professionals through online discussion forums, virtual networking events, and alumni networks. These networking activities promote collaboration, knowledge sharing, and mentorship, allowing students to learn from industry professionals, explore prospective job options, and build long-lasting professional networks.

 


 

Online MBA Programs/ Courses Eligibility Criteria

Candidates must normally meet the following criteria to be eligible for online MBA courses in India:

  • Educational Qualification - Applicants must have a bachelor's degree (in any discipline) from an approved institution of higher learning. The minimal percentage required for a bachelor's degree varies by institution, although it is typically about 50%.
  • Work Experience - Depending on the program, certain institutions may need candidates to have work experience ranging from 1 to 5 years. There are, however, programs that do not require any prior work experience.
  • Entrance Exam - To be eligible for admission, many institutions need applicants to undergo a management entrance exam, such as the CAT, MAT, XAT, or GMAT, and achieve a minimal score.
  • English Proficiency - Because the majority of online MBA programs are taught in English, candidates should be competent in the language. Some colleges may ask candidates to present TOEFL or IELTS scores as proof of English language proficiency.

It is crucial to note that the qualifying criteria for an Online MBA Course may differ from institution to university, so candidates should review the exact requirements of each program to which they wish to apply.

 

Which Fields are Particularly Appropriate to Pursue Online MBA Programs in?

The best field for an online MBA is determined by a variety of criteria, including individual interests, professional ambitions, and market dynamics. However, there are several factors to consider when deciding on the best field for studying MBA in online mode.

Core industries and development drivers are frequently strong choices. These industries are considered fundamental areas that promote economic growth. For example, the oil and gas sector or the power and energy sector. They are more resilient during economic downturns, making them recession-proof.

Fields thriving in terms of technological innovation and AI developments provide tremendous chances for those seeking an online MBA. These industries are expanding rapidly and provide a solid basis for long-term employment opportunities as well.

To further assist your guidance we have bifurcated the job posts as per their average market salary under current market situations.

 

Jobs and Average Salary Post Online MBA Programmes

Job Avg. Salary as per Market Statistics
Financial Analyst INR 4,31,687 PA
Portfolio Management INR 11,24,104 PA
Brand Management INR 13,00,000 PA
Market Consultancy INR 8,90,000 PA
Employment Management INR 12,00,000 PA
Talent Acquisition INR 5,00,000 PA
Business Operations Management INR 9,70,000 PA

 


 

Online MBA Programs Application Process

Admission procedures for Online MBA Colleges in India may differ from one institution to the next. However, the following are some frequent measures you may need to take:

Online MBA Programs Application Process

  • Research - The initial step is to explore several colleges in India that provide online MBA courses. You can learn about the courses, eligibility requirements, costs, and other important details by using online tools.
  • Eligibility - Examine the eligibility requirements for the Online MBA program in which you are interested. Candidates must generally hold a bachelor's degree from a recognized university and achieve the minimal percentage/CGPA requirements. Some colleges may additionally require applicants to have work experience.
  • Application - Once you've determined which colleges are of interest to you, you may begin the application process. Filling out an online application form and providing needed papers such as academic transcripts, work experience certificates, and identity verification may be required.
  • Entrance Test - Some universities may require applicants to take an admission test such as the CAT, MAT, XAT, or GMAT. The results of these exams are used to determine admission to the Online MBA program.
  • Interview - Some institutions may interview candidates to determine their suitability for the program.
  • Acceptance and Payment - If an applicant is offered admission, they must accept the offer and pay the required fees in order to be admitted.

 


 

Online MBA from IIM: Top IIMs Selection Process for Online MBA Course

Some of India's most prestigious MBA universities provide Online MBA training for working people. The top-ranked IIMs also provide Online MBA programs. IIM Ahmedabad, IIM Kozhikode, IIM Shillong, IIM Rohtak, and IIM Raipur currently provide an Online MBA (EPGP).

The classes are delivered digitally, and candidates can attend them at approved classroom locations in their city. In the future, candidates may not be required to attend the center. These courses are open to working professionals with a minimum of three years of experience. Check out the chart below for features of some of the IIMs' Online MBA and hybrid mode degrees.

 

1. IIM Ahmedabad

  • Course Name - Online MBA ePGP (Executive Post Graduate Program)
  • Course Duration - 2 years you can temporarily take a break from the program max to max 1 year then you can rejoin to complete the course
  • Course Fees - 20 Lakhs
  • Eligibility Criteria -
    • Minimum Age: 24 Years
    • Qualification: A bachelor's degree/CS/CA/ICWA with a minimum of 50% aggregate or an equivalent CGPA is required.
    • Work Experience: 3 years of full-time work experience (working professionals and entrepreneurs are welcome to apply)
  • Selection Process -
    • Shortlisting will be based on a legitimate CAT score from the previous three years.
    • Valid GMAT/GRE scores from the last 5 years will be considered.
    • If the score is unavailable, applicants must take the IIMA entrance test (IAT).

 

2. IIM Raipur

  • Course Name - Online MBA ePGP (Executive Post Graduate Program)
  • Course Duration - 2 Years
  • Course Fees - 13 Lakhs 25 Thousand (25K refundable)
  • Eligibility Criteria -
    • Minimum Age: 25 Years
    • Qualification: Bachelor's degree with a minimum grade point average of 50%.
    • Work Experience: 3 years post-qualification
  • Selection Process -
    • Merit Basis Short Listing
    • Group Discussion
    • Personal Interview
    • Final Selection

 

3. IIM Kozhikode

  • Course Name - Online MBA ePGP (Executive Post Graduate Program)
  • Course Duration - 2 Years
  • Course Fees - 14 Lakhs 17 Thousand
  • Eligibility Criteria -
    • Minimum Age: 25 Years
    • Qualification: Bachelor's degree and at least 50% overall and ICWA/CA/CS graduates with a minimum aggregate of 50% are also eligible.
    • Work Experience: After graduation, three years of managerial experience is required and work experience prior to graduation is not considered for eligibility.
  • Selection Process -
    • Merit Basis Short Listing based on EMAT Score
    • Group Discussion
    • Personal Interview
    • Final Selection

 


 

Top 5 Non-IIMs Online MBA Colleges in India

Here we have listed the best Universities for non-IIMs distance learning MBA:

1. Indian School of Business, Hyderabad (ISB)

ISB is a major business school in India, offering one-year Post Graduate Programmes in Management (PGPM) for experienced professionals. The program is provided using a mixed learning style that includes online and on-campus sessions.

2. NMIMS Global Access School for Continuing Education, Mumbai (NGA-SCE)

The distance education arm of NMIMS University Online MBA, NGA-SCE offers a two-year online MBA program in a variety of specializations. The program is intended for working professionals and is provided via online lectures, webinars, and self-study materials.

3. Amity Online University

Being a brand name in renowned education institutions, your online degree earned here is authentic and respectable. It provides a uniquely crafted MBA degree with specializations in 12 areas connected to business administration to equip students with a professional advantage after completing the degree.

4. Chandigarh University for Online Degree

Chandigarh University is a distance learning institution that offers two-year CU online MBA courses in a variety of specializations. The program is intended for working professionals and is provided via online classes, self-study materials, and occasional face-to-face interaction.

5. Symbiosis Centre for Distance Learning (SCDL), Pune

SCDL is a well-known distance education provider in India, offering a two-year online MBA program in a variety of specializations. The program is geared toward working professionals and is given via online classes, e-learning modules, and self-study materials.

 


 

Best 5 Affordable Colleges for Online MBA Programs in India

Below are some of the most affordable online MBA courses in India for students interested in pursuing careers in business. Money cannot and should not be an impediment for any student, and these cheapest online MBA demonstrate that if you are passionate about learning and want to make a great impact in your career, there are lots of opportunities and options for you to consider. Take advantage of these low-cost online MBA programs in India today and start your journey towards knowledge and growth.

 

1. BITS Pilani

BITS Pilani's online MBA program is a four-semester, work-integrated learning program designed to enable working professionals to learn and pursue the career of their choice. BITS Pilani Online MBA helps students advance their careers through a UGC-approved online MBA.

The BITS Pilani Online MBA  for Working Professionals is offered in various specializations that students can choose based on their interests and pursue a career in the fields of their choice.

Key Highlights of BITS Pilani
Course Name Online MBA
Course Level Post Graduation
Course Duration 2 Years
Course Fees INR 63,500 Per Semester
Mode of Study Online
Specializations MBA in Digital Business, MBA in Business Analytics, MBA in FinTech, MBA in Consultancy Management, MBA in Manufacturing Management, MBA in Quality Management, MBA in Finance, MBA in Hospital and Health Systems Management
No. of Semester 4
Official Website https://bits-pilani-wilp.ac.in/

 

2. UPES Dehradun Online MBA Power Management

The University of Petroleum and Energy Studies, Dehradun, offers another of the cheapest online MBA programs in India. This low-cost distance learning MBA is intended to provide a pool of certified and trained employees for organizations in the power sector.

It also gives students insights into power management difficulties and equips them to face the challenges of a changing global world. The entire cost of the UPES Online MBA Power Management program is Rs.1,99,000.

Key Highlights of UPES Online MBA
Course Name Online MBA
Course Level Post Graduation
Course Duration 2 years
Course Fees 1,99,000 Fees
Mode of Study Online
Specializations Marketing and Sales Management, Entrepreneurship and leadership Management, Finance and Accounting Management, Human Resource Management, Information Technology Management, International Business Management, Production and Operations Management, Retail Management, Global Finance Market, Hospitality Management, Insurance Management, Petroleum and Natural Gas Management, Digital Marketing Management, HR Analytics, Data Science, Business Analytics, Digital Entrepreneurship
No. of Semester 4
Official Website https://upesonline.ac.in/online-mba-program

 

3. ICFAI Online MBA

This online MBA program offered by the ICFAI Foundation for Higher Education in Hyderabad is yet another of India's most affordable online MBA programs. This online MBA course will teach you all of the management fundamentals while also improving your creative ability to create your own business plans. It will train you in all of the departments needed to be a professional Business Administrator.

The focus of this online MBA course will be on developing leadership and management skills. This online MBA degree requires students to complete 22 courses spread across four semesters. The entire ICFAI Online MBA fee is Rs 200,000, which is much less than the fees charged by other Institutes and Universities for online MBA programs.

Key Highlights of ICFAI
Course Name Online MBA
Course Level Post Graduation
Course Duration 2 years
Course Fees 2 Lakhs Total Fees
Mode of Study Online
Specializations Finance, HR, Marketing, International Business (IB)
No. of Semester 4
Official Website https://online.ifheindia.org/

 

4. Chandigarh University Online MBA

Chandigarh University, Chandigarh, offers one of the UGC-approved online MBA programs. This online MBA program is intended for those who want to learn about and pursue a career in business administration. After completing this online MBA course, they will be able to pursue a profitable career in the corporate world.

The course curriculum includes a variety of industry-relevant disciplines that can help learners build a name for themselves in their field of interest. The online MBA degree at Chandigarh University has been intended to be one of the best and cheapest online MBA programs available. The entire fee for the Chandigarh University Online MBA is Rs 200,000.

Key Highlights of CU Online MBA
Course Name Online MBA
Course Level Post Graduation
Course Duration 2 years
Course Fees 2 Lakhs Total Fees
Mode of Study Online
Specializations Marketing and sales Management, Entrepreneurship and leadership Management, Finance and accounting Management, Human Resource Management, Information Technology Management, International Business Management, Production and Operations Management, Retail Management, Global Finance Market, Hospitality Management, Insurance Management, Petroleum and natural Gas Management, Digital Marketing Management, HR Analytics, Data Science, Business Analytics, Digital Entrepreneurship
No. of Semester 4
Official Website https://www.onlinecu.in/mba-general.php

 

5. Guru Nanak Dev University Directorate of Online Studies

Guru Nanak Dev University offers one of the most accessible online MBA programs in India. This low-cost MBA online course is well-crafted and geared for students who are eager to study. The online medium of this cheap online MBA school allows students to study from the comfort of their own homes, making learning more enjoyable. Working individuals will study management and other fundamentals of business administration in this low-cost online MBA program. The GNDU Online MBA program costs Rs.79,000.

Key Highlights of Guru Nanak Dev University
Course Name Online MBA
Course Level Post Graduation
Course Duration 2 years
Course Fees 79K Total Fees
Mode of Study Online
Specializations Finance, HR, Marketing, Marketing Management
No. of Semester 4
Official Website https://www.gndu-online.in/online-mba-degree-program

 

Conclusion

Distance MBA colleges in India are redefining higher education by making it more accessible, inexpensive, and flexible for students from all backgrounds. As previously said, the statistics speak eloquently about the growing popularity and influence of remote education programs.

As a result, now is the time to pursue a distance MBA. Break free from the confines of traditional schooling, embrace flexibility, and start on a professional development path. Distance education is the key to many doors of opportunity, and it is now within reach thanks to the integration of technology.

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Top 10 Online MBA Colleges in India ...

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