With online education coming up in the forefront of higher education in India, a number of highly demanded courses are being offered in the fully online learning (OL) mode. One of the most demanded among these courses is a Master of Business Administration or an MBA. An online MBA is a UGC-DEB approved degree course that is offered as an equivalent alternative to a full-time regular MBA in the virtual modality of learning.
What is an Online MBA?
With the UGC-DEB providing equivalent status to select online degree courses and their regular counterparts, an online MBA courses has come up as a highly sought course in management. This is a PG degree course that is offered by elite management institutes and B-schools across the nation (and internationally) in the fully online mode. Some of the pertinent course details of an online MBA program have been enlisted below:
- Course Duration of an online MBA is 2 years.
- The average fee range of an online MBA is INR 1 lakh to INR 3 lakhs
- Students with a recognised Bachelor’s degree in any stream and at least 50% aggregate marks are eligible to apply in an online MBA.
- Most institutes do not require an entrance examination score for admission to an online MBA.
- Some of the popular specialisations in online MBA include marketing, finance, HRM, operations, logistics and supply chain, business analytics, data science, projects management and so on.
- This degree is approved by the UGC-DEB for being offered in the fully online learning mode.
- Other forms of online MBA include a global MBA, online executive MBA, 1-year MBA, MBA after diploma etc.
Top 5 Advantages of Online MBA Over Conventional MBA
If you are a candidate exploring the best opportunities to alleviate your career in management, then an online MBA might just be your dream academic degree. Here are some reasons why you should consider taking up this online degree instead of a regular 2-year MBA or MBA Distance Education.
- Flexibility of Learning: One of the foremost benefits of completing your MBA Courses Online is the flexibility associated with it–flexible time tables, absence of mandatory attendance, flexible examination schedule, recorded class lectures, live interactions etc. Moreover, it allows you to complete the course from any location of your choice remotely and at your own pace.
- Affordable Fee Range: Regular MBA programs in reputed B-schools often come with an exorbitant fee, making such courses unaffordable for the majority of management aspirants. Online MBA programs offer the same educational experience in a relatively affordable fee range–while regular MBA programs can cost anywhere between INR 10-30 lakhs, online MBA programs in top institutes cost between INR 1-3 lakhs.
- Learning with Professional Experience: The flexibility of learning and remote learning in online MBA allows a candidate to comfortably complete their degree while managing their professional commitments. This allows the candidate to not only add a much-coveted MBA qualification to their resume but also 2 years worth of professional experience in the same duration.
- Equivalent Status as Regular MBA: One of the biggest hunches of students about an online MBA is its validity and recognition as compared to a regular MBA program. However, to rest assured, the UGC-DEB (the online and distance learning branch of UGC) has granted an equal status to an online MBA as a regular MBA course (when pursued from a duly approved online university/institute).
- Excellent Career Prospects: After completing an online MBA, since the candidate also garners professional experience and grooming alongside the course, their career prospects are massively enhanced. With the placement support of most online universities, candidates can grab lucrative job opportunities right after completing their degree.
Top Colleges for Online MBA
Some of the renowned institutes and online universities offering an online MBA include:
- IIM Ranchi
- IIM Raipur
- Amrita Vishwa Vidyapeetham
- Andhra University
- Lovely Professional University (LPU)
- Amity University
- Jain University
- Chandigarh University
- Vivekananda Global University
- Symbiosis Centre for Distance Learning (SCDL)
- Manav Rachna University
- SASTRA University
- BIMTech Online
- UPES
How to Choose the Right Online MBA Program?
The selection of the right online MBA program for yourself can understandably be a tough choice since there are innumerous course choices available for pursuing in the online mode. Which course is well-accredited, best suits your needs, budget, career goals and so on, are important factors to consider before enrolling in an online MBA program.
College Vidya, a one-stop platform for all your online education needs, allows you to access its advanced AI-powered course comparison portal in the form of the “Suggest Me in 2 Mins” wherein you can enter a few basic details about your academic and career needs, and easily compare all available online MBA choices on over 30+ parameters to select the one best-suited for you. Additionally, its host of services such as the unbiased academic counselling, financial assistance, admission support, dedicated mentorship and so on make up for a 360-degree support system for a student choosing to pursue an online MBA program. So visit the official College Vidya website now to access to select the best online MBA program for yourself.
Conclusion
An online MBA is an up and coming PG degree in the fully virtual mode being offered with state of the art technological support to students. Being a UGC-DEB approved degree, it carries equal status and recognition as an offline MBA. The course is being offered by a number of eminent B-schools and universities in the public and private sectors in an affordable fee range and with a host of student services to allow for a comprehensive and enriching learning experience.
