As suggestive by the name, an online MBA is a fully virtual course in management at the postgraduate level that is currently being offered by a number of universities and colleges of repute in India. This course is a UGC-DEB approved offering, which grants it an equal status as a regular MBA program, making it an appealing opportunity for higher education in management.
What is an Online MBA: Course Overview
An online MBA program is a 2-year postgraduate degree course that is being offered currently in over 60 specialisations by approved online universities and colleges. This course is being offered in the fully online mode and follows a similar curricular structure and syllabus as a conventional 2-year MBA. To provide a wider range of opportunities to managerial aspirants to select the course suited to their learning needs, online MBA programs are offered in various forms, including an online executive MBA, a global MBA, a 1-year online MBA, an online MBA after diploma and so on. The Online MBA Courses comes with a number of learning facilities to enable smoother learning.
Provided below is a summarisation of the online MBA course as being offered in India:
- The course is UGC-DEB approved, granting it an equivalent status as a regular MBA.
- The course can have a duration of 1-2 years (2 years for a conventional MBA, 1 year for EMBA)
- The course is available in over 60 specialisations like marketing, HRM, finance, projects management, operations, logistics and supply chain, business analytics, data science, IT management and so on.
- The average course fee for an online MBA is about INR 1,00,000 to INR 3,00,000 lakhs for 2 years.
- An online MBA is offered with multiple student support facilities including LMS support, live and recorded online lectures, interactive forums for peer and faculty interactions, webinars with industry experts and so on.
- The minimum eligibility to apply to the course is having completed a recognised Bachelor’s degree with at least 50% aggregate marks in the qualifying exam.
- Students from any academic background can pursue an online MBA in India.
- Entrance exam scores are usually not required for admission in an online MBA program.
Why Take Up an Online MBA?
An online MBA can be a very convenient and advantageous channel to boost your career if you are a professional or student looking to continue higher education while garnering professional experience. Mentioned below are a few of the top factors which make an online MBA a good choice for your management education.
- An online MBA has equal status and recognition as a regular MBA as it is approved by the UGC-DEB.
- The fee range of an online MBA is in a relatively pocket-friendly range, approximately between INR 1 lakh to INR 3 lakhs.
- With an online MBA, you can flexibly complete the course from any location of your choice remotely. You don’t need to travel across cities for the examinations either as they are completed in the online proctored mode.
- Self-paced learning is fostered through an online MBA as you get to access both live virtual lectures as well as lecture recordings that can be accessed as per your convenience.
- To simulate a similar learning experience as a regular MBA, an online MBA offers student services like an LMS, interactive peer and faculty forums, doubt clarification platforms, industry exposure through regular webinars, expert interactions and so on.
- The candidate gets a chance to complete their higher education in management and can also take up professional pursuits like internships and jobs to enhance their profile and gain invaluable experience alongside their degree.
- Upon completion of an online MBA, a student can explore top professional responsibilities and explore lucrative job offers ranging anywhere between INR 5 LPA to INR 15 LPA on an average.
Thus, an online MBA program provides a number of advantages over a regular MBA course or MBA Distance Education, allowing a student to experience all-round learning and upskilling, much like the classroom model of learning.
Best Online MBA Colleges to Consider
Some of the top UGC-DEB approved colleges and online universities offering an online MBA degree have been mentioned below:
- IIM Raipur
- IIM Ranchi
- Jain University
- Chandigarh University
- Amrita Vishwa Vidyapeetham
- Bharathidasan University
- Lovely Professional University (LPU)
- Amity University
- Manipal University
- Andhra University
- Vivekananda Global University
- Manav Rachna University
- Symbiosis Centre for Distance Learning (SCDL)
- SASTRA University
- BIMTech Online
With such vast numbers of choices of online MBA degrees available in the online educational sector, the decision to select the right course aligning with your academic and career goals is understandably a tough choice. To choose the course best-suited for your needs, you need to take into account a number of factors like the accreditations of the degree, the course fee, the offered specialisations in the course, student services and so on.
To assist you and make this tedious process of course selection easy and seamless, College Vidya, a one-stop platform for online education support, comes to your aid. With its range of free of cost services and support in the form of AI-powered course comparison portal, unbiased academic counselling, admission support, dedicated mentorship throughout course completion, alumni access, professional grooming services etc., College Vidya creates a nuanced space for students to find the best online course for themselves and pursue it without hassles!
Conclusion
An online MBA is an attractive option for upskilling and boosting one’s career in management while simultaneously managing other responsibilities such as jobs, internships or other commitments. The course’s mode, which provides the student with flexibility of learning at their own pace, is rapidly becoming a popular choice for management education among aspirants.