Value of online MBA degree in India

Those pursuing an online MBA programme enjoy the flexibility of a variety of Internet-based facilities. These include online discussions and discussion boards, chatting with other fellow course mates, downloadable course material on for reading at your convenience.

Online MBA has emerged as a viable route for those professionals who want to study while pursuing their career. However, many aspirants still remain skeptical about online MBA programmes. Although such cynicism is healthy, it is unnecessary. Given the resources now present in online MBA programmes, let us investigate how the value of digital degrees has grown increasingly.

Difference between Regular, Distance and Online MBA programmes

There are three different types of MBA programmes, each suited to meet the precise needs of students such as regular, distance and online MBA programmes. While those studying regular MBA programme have to attend traditional classroom lectures, take part in workshops and carry out projects. On the other hand, those who do an online MBA can attend virtual classrooms through laptops and PCs from any location during any part of the day.

The curriculum for both courses is similar. Those pursuing online MBA, however, enjoy the flexibility of a variety of Internet-based facilities. These include online classes, online discussions and discussion boards, downloadable course material on PCs for reading whenever they want. The thorough curriculum states that only authentically interested students enroll for online MBAs. Both courses comprise four semesters. However, certain universities provide MBA through distance learning but not online. Students enrolling for distance learning MBA need to purchase books and other study material from the university or bookstores. With such universities, exams are also conducted at chosen centers across the country and not online.

Basic necessities to enroll for an online MBA programme

These may differ from institution to institution. To be eligible for an online MBA, students need to be graduates in any discipline from a recognised university. Also, they are required to pass the CAT, MAT, GMAT, XAT types of qualifying exams with a scorecard that is not more than two years old at the time of application.

Some online universities also conduct their entrance exams. Most universities specify that applicants have a minimum of two years of work experience or have their own business to make sure they have sufficient practical exposure to various challenges and opportunities. Some degree of relaxation of the work clause is offered to applicants from villages and remote areas where industrialisation has yet to make a mark.

Money matters, but not at all times

Usually, an online MBA can cost anything from Rs 40,000 to Rs 15 lakh, based upon the institute you are enrolling in. Fee is based on facilities provided to students that can include virtual classrooms, round the clock chat and hotline, detailed course material and counseling.

The pricing spectrum makes an online MBA cost-effective to students from different economic backgrounds. Those who wish to get educational loans can discuss with their banks if such a facility is offered for an online MBA from a university of their preference.

Also Read: The best online MBA courses in India

Online MBA: Advantages & career scope

Of late, the popularity of the MBA has increased to a great extent. Looking at this growing acceptance of the course, several B-schools offer MBA in diverse modes such as part-time, full-time, online, executive, and distance learning.

Today, there are several MBA aspirants eager to earn a full-time degree, but either has a financial crunch or do not have the time to pursue the course – online MBA is ideal for such people. Unlike regular MBA programmes, the student does not need to be there in the classroom physically when opting for an online MBA programme. This is the primary reason why working professionals choose to go for an online MBA. Also, as the student is not present physically, the institute does not have to bear the cost of infrastructure and this result in the lessened course fee.

 Advantages of online MBA degree

• The fee for regular MBA programmes are high, but on the other hand, the cost of online MBA programmes is less. This reasonably priced fee structure is a major attraction for MBA aspirants.
• After the course is over, candidates stand a better chance of having a high market value. Also, several job opportunities get further accented after completion of course.
• The curriculum and syllabus of the online MBA are similar to the one taught in a full-time MBA.

Career scope

Having an MBA degree can give your career a new direction. Let’s have a look at some of the job opportunities:

Sector	Jobs
Public Sector	Operations & Project Management
	Finance
	Accounting
	Technology Management
	e-Business
	Computer System
	Global Management
	Entrepreneurship
	International Business
	Human Resource
	Healthcare
Private Sector	Securities/Investment Analyst
	Financial Research Analyst
	Financial Advisor
	Portfolio Manager
	Real Estate
	Fashion Industry
	Information Security Analyst
	Operations Research Analyst
	Management Analyst
	HR Specialist
	Credit Risk Management Analyst
IT Sector	HR Managers
	ERP Consultants
	Project Managers
	Business Analyst
	IT Manager
	Business Development Manager

 

 

 

Specialisation	Job Role
Finance	Financial Manager
	Financial Advisor
	Accounting Manager
	Corporate Controller
	Chief Financial officers
	Treasurers
	Cash Managers
	Risk & Insurance Managers
	Investment Bankers
Human Resource	Human Resource Development
	Personnel Management
	Human Resources Generalist
	Industrial Relations
Marketing	Public Relations Specialist
	Marketing Manager
	Brand Manager
	Market Research Analyst
	Sales Manager
	Media Planning
	Product Management
	Internet Marketing