Today, the demand for management professionals has increased exponentially across all industries and business sectors. Businesses of all sizes and types are vying for every possible competitive advantage in the marketplace, which is why they require highly trained professionals who can effectively manage organizations. Such demands can be met with the assistance of an MBA degree. Obtaining a degree in management opens doors for those seeking a leadership position within a company. With the increased prevalence of technology, students can now pursue an MBA online, at a distance, or as an online executive MBA.
What is an online MBA?
Online MBA is a 2-year flexible postgraduate program that is a simple way for working professionals to improve their skills without abandoning their careers. Because of the course’s flexibility, Online MBA has grown in popularity among professionals and recent graduates in recent years. An online MBA has grown in popularity in recent years. As the Online MBA degree has grown in popularity, several B-schools, including IIMs, have begun to offer it. Many of the online MBA courses available through the MBA curriculum do not lead to standard management degrees, but they are designed to give training comparable to that of a traditional degree.
Why pursue an MBA online?
Students enrolled in an MBA program learn the design, marketing, and operational skills required to transform academic knowledge into real-world commercial applications and ensure long-term organizational success. Through this MBA degree, you can prepare for a career in fast-paced fields such as IT management, e-commerce, telecommunications, retail, hospitality, and many more. The online MBA in India is ideal for working individuals who want to complete the course with flexibility and at a low cost.
Online MBA Vs Regular MBA (Which One is Better?)
| Online MBA | Regular MBA |
| · Online MBA students are not required to physically visit the institution’s campus. | · Students must appear at the institution on a regular basis in order to attend classes. |
| · The MBA course study material is available online and is freely accessible. | · The student will study according to the schedule and syllabus established by the university. |
| · The validity of an Online MBA degree stays constant because it has been approved by the UGC. | · The regular MBA degree has the same validity as it has been validated by UGC Management. |
| · Admission to online MBA programs does not require a scorecard from an entrance exam. | · At the university or national levels, entrance tests such as the CAT, CMAT, or XAT scores are necessary. |
| · One can be admitted to any university in any country or location without having to relocate. | · Because students must visit the institution’s campus, they must stay in surrounding areas. |
| · An online MBA education costs between INR 25,000 and INR 31,450, which is significantly less than the traditional mode. | · The typical fee for a regular MBA can range between INR 15 lakh and INR 42 lakh, which is prohibitively expensive for many students. |
| · Students are selected right away after completing the registration process. | · Regular MBA students must pass an entrance exam, an interview, and a group discussion round. |
Benefits of Online MBA
Today’s online MBA offers various, uncommon benefits. Let us begin with the advantages of online MBA programs.
1. Flexibility
Flexibility is one of the advantages of an online MBA. Unlike a traditional MBA, an online MBA allows you to pursue the curriculum even if you have a hectic schedule. This program offers flexible learning schedules as well as coursework that allows you to watch live video courses, participate in discussion forums with classmates, and take quizzes at any time.
2. Credibility
Credibility is another advantage of online MBA programs. Most firms hunt for MBA graduates with degrees from renowned institutions with high accreditation. This greatly increases their value and believability. Furthermore, the best online MBA programs are becoming more technologically savvy. So, if you consider studying an online MBA course, consider its legitimacy as well.
3. Cost Effectiveness
One of the most significant advantages of an online MBA is its low cost. Online MBAs in India are less expensive than traditional MBA programs. This is primarily due to their low running expenses. You can select a more prolonged online MBA course by making monthly payments, making it more affordable.
4. Recognition
Another significant advantage of online MBA programs is their reputation. There are several best online mba courses available from reputable colleges and business schools throughout India and the world. Pursuing these online MBA programs will not only implant critical business and management abilities in you, but it will also boost your reputation and make you a valuable addition to organizations.
Key features of Online MBA
Some of the key features of the online MBA are:
- Saves Time: Attending a full-time MBA course while working is quite challenging. Online MBA students can attend lectures at any time of day, and your time spent traveling to college can be used for your study or anything productive.
- Better time management: Students can reschedule any class or exam for the semester at their leisure.
- Tech-friendly: Students will be expected to take a virtual class in any setting. The institute will supply reading material as well as online notes that you may quickly access.
- Study while you earn: It offers the unique option of earning while studying, which benefits many students who must continue to work to support themselves and their families.
- Low cost: The fees for traditional MBA programs are excessively pricey and out of reach for many people. An online MBA is less expensive than a traditional MBA.
- Updated Curriculum: Because Online MBA courses are primarily designed for working professionals, the curriculum is thoroughly designed to respond to the relevance of practical learning as well as a focus on case studies.
Career Opportunities After MBA
There are numerous Online MBA job prospects available to applicants who have finished their online MBA from India. Candidates can gain MBA positions at large corporations such as Accenture, HDFC Bank, KPMG, Capgemini, and others. Not only can individuals have job opportunities, but they may also start their own businesses because they have learned all of the required information and abilities to do so. Students who have completed an MBA program online could find job opportunities such as:
| Marketing Manager | Human Resource Manager | Brand Manager |
| Digital Marketing Manager | Management Consultant | Sales Manager |
| Account Manager | Supply Chain Manager | Project Manager |
Top Hiring Firms for MBA Graduates
The placement opportunities for students after an Online MBA in India have seen a huge rise in recent times. Top companies recruiting students after Online MBA are:
| Deloitte | BCG | |
| Accenture | Tech Mahindra | Godrej |
| JP Morgan | Amazon | Wipro |
| Reliance | Walmart | HDFC Bank |
Online MBA Jobs and Salary in India
| Job Roles | Average Salary |
| Marketing Manager | INR 8.9 LPA |
| Operations Manager | INR 4.2 LPA |
| Finance Manager | INR 10.1 LPA |
| Human Resource Manager | INR 9.23 LPA |
| Business Development Manager | INR 7.1 LPA |
| Event Manager | INR 8.2 LPA |
| Pharmaceutical Manager | INR 5.63 LPA |
| IT Manager | INR 7.56 LPA |
| Hotel Manager | INR 9.1 LPA |
FAQ’s
Q. Is an Online MBA valuable?
According to UGC guidelines, an online MBA is equivalent to a regular MBA and can provide graduates with outstanding opportunities for career advancement. It will be regarded as equally credible and approved in India and internationally.
Q. What are the job options for MBA graduates?
After obtaining an Online MBA degree, you can apply for managerial and executive positions. The roles of Managers, Analysts, and Executives, Market Researchers, Brand Managers, Digital Media Managers, Financial Analysts, HR Managers, Corporate Executives, and Sales Managers, among others, are available to those with an online MBA.
Q. Do IIMs provide Online MBAs?
No, IIM does not provide an online MBA degree. Online MBA from IIM provides PGP or short-term programs for career enhancement.
Q. What educational requirements are needed to enroll in an online MBA program?
To enroll in an online MBA program, candidates must have successfully completed 10+2+3 or 10+2+4 levels of education from a recognized university.
Q. What are the various specializations offered in the online MBA?
Marketing, General Management, Finance, Human Resources, Retail, International Business, Operations, Customer Relationship Management, Material, Healthcare, Logistics and Supply Chain Management, Telecom, Business Administration, and Insurance Management are among the most popular online MBA specializations.
