Career Scope Of An Online MBA Degree In India

The popularity of online MBA has surged in recent years and has become the preferred route for working professionals who want to study to augment their careers. Nevertheless, numerous aspirants have not opened up to the idea yet and are quite cynical about the career scope of online MBA programs. While there is widespread information around the job opportunities after MBA, the ground reality is somewhat different if we consider the resources available in the new-age online MBA programs. In this article, we are going to investigate what's in the store if you pursue an online MBA course in India.

Regular MBA vs Distance MBA vs Online MBA- How Do They Differ?

If broadly classified, there are 3 types of MBA programs available- regular, distance, and online MBA. Each one caters to different genres of aspirants. Students pursuing a regular MBA program must attend conventional class lectures, regular workshops and submit projects as per requirements. The online MBA program, on the other hand, is quite different where the students attend classrooms, albeit, virtual! They utilize smartphone apps, laptops, and PCs to enrol in the curriculum and complete it. Time is not a boundation here as they can study freely at any time. 

However, an important aspect is that the curriculum for both the courses is quite similar. The comprehensive curriculum of online MBAs states that only students who are genuinely interested in the course should look to enrol online. Both the regular and online courses are split into 4 semesters. 

The interesting part is that some universities even offer MBA programs through remote learning where the students don't have to come online. Students who have opted for the distance learning route must purchase the recommended books, study materials, etc. Exams are held at selected locations in the country, rather than online, at such universities.

Also Read: Distance MBA vs Online MBA vs Regular MBA: Which is Better?

Looking To Enroll For An Online MBA Program? Here's How!

Students must be graduates of a recognized university in a discipline to be considered eligible for the online MBA course(quite similar to a regular MBA program). They must also pass the recognized exams for MBA such as CAT, GMAT, MAT, XAT, etc. Their score should be less than 2 years old during the time of enrolling.

Certain online universities hold separate entrance exams. They often also mention that the applicants should be having a minimum of two years of work experience or own a business to ensure they are accustomed to adequate practical exposure. 

Online MBA- How Much Does It Cost & What Are The Advantages?

An online MBA might cost somewhere between INR 40k - 15 lakhs, depending on the institution you pick. The fee is determined by the services rendered to the students, which may include round-the-clock chat support and hotlines, comprehensive course materials, and even counselling and placement support. An online MBA is affordable for students from all walks of life due to the varied pricing spectrum. Those interested in obtaining educational loans should check with the banks whether such a loan can be disbursed.

Key Advantages:

A regular MBA program obviously has a higher fee, due to the infrastructure and the quality of education. In comparison, online MBA programs are cheaper. This acts as a catalyst to attract many MBA aspirants. Upon the completion of the course, the candidates have better career prospects. Since the curriculum of an online MBA program is similar to a full-time MBA, it completely depends on the candidates to grasp the knowledge and implement it in their jobs. Last but not the least, the candidates have the freedom to learn at their own pace in such a curriculum. It suits people who are already doing a job or running their own business.

​Also Read: Top 10 Popular Online MBA Courses by Institute: Check Fees, Eligibility, Scope

How Can You Opt For The Best Online MBA program?

Cost, reputation, educational quality, and access to a great alumni network- all play a role in deciding which online MBA program to apply to. 
Apart from that, the online program should be recognized and align with your goals for online learning.

Here is a list of questions that you can consider to determine whether or not an institution meets your requirements:

• What networking possibilities do you have with your peers or alumni?
• Are the classes conducted by the on-campus professors or by online-only instructors?
• Are there any student support services available to you, such as a placement support team?
• Are the lessons pre-recorded or delivered in real-time?
• What are the graduation & employment rates for the institution?
• Who is responsible for grading the assignments?

Online MBA Degree In India: The Final Verdict

Acquiring an MBA degree online can open up opportunities and aid you in advancing professionally, personally, and financially. Online MBA has great career prospects that allow you to balance your responsibilities while learning how to start and run a business. So, if you are looking to augment your career at your own pace, there is no reason why you shouldn't go for it!

Related Links