Top 20 Online MBA Degrees, Location & Financial Times Ranking

Updated On: July 06, 2023 09:11 AM

The Financial Times has released the list of top 201 online MBA degrees 2018 for aspirants who seek flexible education.
These are a few degree programmes that have come at par with the regular MBA programmes with excellent ROI.

Table of Contents

Top 20 Online MBA Degrees:
Faqs

Top 20 Online MBA Degrees, Location & Financial Times Ranking

Like all other institutions, the demand for flexibility has increased in the education field, more so in the management sector. Nowadays, MBA aspirants seek programmes they can pursue their goals in the corporate world. Some of the top MBA colleges in the world offer excellent online MBA degrees that are recognized by some of the most reputed employers in the world.

Following the examples of these globally renowned B-schools, some of the top MBA colleges in India have also started offering short-term management courses online. The MBA colleges offer excellent ROI and open up employment opportunities for students once they have completed their programmes.

The Financial Times ranks the top 20 online MBA degrees in the world on the basis of the performance of students in the market and Return on Investment (ROI) . Diversity of these online MBA degree programmes is also taken into account. The Financial Times has recently released the top 20 Online MBA Degrees rank lists.

Top 20 Online MBA Degrees:

Name of the Institute	Course Name	Accreditation Body	Country	FT Ranking 2018	FT Ranking 2017
Warwick Business School	Warwick MBA by Distance Learning	AACSB AMBA EQIS	UK	1	2
IE Business School	Global MBA	AACSB AMBA EQIS	Spain	2	1
University of Massachusetts Amherst: Isenberg	Isenberg Online MBA	AACSB International	US	3	3
Indiana University: Kelley	Kelley Online MBA	AACSB	US	4	7
Durham University Business School	Durhan Online MBA	AMBA AACSB EQIS	UK	5	9
Babson College: Olin	Babson MBA Blended Learning	AACSB NEASC	US	6	8
University of Florida: Hough	Hybrid Online MBA	AACSB	US	7	5
AGSM at UNSW Business School	MBAx	AACSB EFMD	Australia	8	4
Arizona State University: Carey	Carey Online MBA	AACSB	US	9	11
George Washington University	Online MBA	AACSB	US	10	6
Syracuse University: Whitman	MBA@Syracuse	AACSB	US	11	10
Northeastern University: D'Amore-McKim	Online MBA	AACSB	US	12	13
University of Nebraska-Lincoln	Nebraska–Lincoln Online MBA	AACSB	US	13	15
University of Bradford School of Management	MBA Distance Learning	EQUIS AACSB AMBA	UK	14	14
Colorado State University College of Business	Online MBA	AACSB	US	15	19
Drexel University: LeBow	LeBow Online MBA	AACSB	US	16	20
North Carolina State University: Poole	Jenkins Professional Online MBA	AACSB	US	17	18
Florida International University: Chapman	Corporate MBA	AACSB	US	18	16
Centrum Católica	Virtual International Managerial MBA	AMBA	Peru	19	17
Washington State University: Carson	Carson Online MBA	AACSB	US	20	-

According to the Financial Times, the average salary offered to the MBA graduates of the colleges mentioned above was $ 147,000 per annum, bringing these online MBA degrees at par with the full-time MBA degrees that recorded an average package of $ 146,000 per annum.

Admission to most of the universities abroad is done on the basis of GMAT. However, all GMAT accepting universities and institutes do not offer online MBA programmes.

India also has various b-schools that offer online MBA degrees. Some of the most reputed of these institutes are the Indian Institutes of Management that have started offering short term online courses for working executives.

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FAQs

What are the advantages of Online MBA courses?

The main focus of an online MBA is virtual learning. The advantage of learning from the convenience of home is available to the student during Online MBA courses. To complete the course, the student is not required to be situated in a certain place. A laptop or desktop computer and a top-notch broadband connection are all that is required. The cost of online MBA programs is lower. This tuition structure's affordable price is a key lure for MBA aspirants.

Do IIMs offer Online MBA courses?

With the rising demand for Online MBA courses, a majority of top-ranked management institutes and B-schools have started offering Online MBA courses to aspirants and the Indian Institutes of Management are one of them. Five IIMs offer mixed online MBA programs. The courses include e-Mode PGP, EPGPX, PGP (Working Executive), Executive Post Graduate Programmes, and e-MBA. The prerequisites for the online MBA programs offered by IIMs vary by program. However, the majority of programs demand a bachelor's degree (or its equivalent) from an accredited university. Some programs also demand that applicants have professional experience. The cost of the online MBA programs offered by IIMs varies based on the program. The costs for these Online MBA courses often fall between INR 2 lakh and INR 5 lakh.

What is the difference between Distance MBA and Online MBA?

Due to significant similarities between Online MBA and Distance MBA programs, aspirants frequently confuse the two. The primary distinction between a distance MBA and an online MBA is that, in the former, candidates must pick up self-study materials from designated study centers or receive them by mail when applying, whereas in the latter, materials are made available online and classes are held using a learning management system (LMS).

What is the admission process for Online MBA courses?

The admission process for Online MBA courses is slightly different from that o regular MBA courses. Some institutions that offer the Online MBA program undertake direct admission based on the academic credentials of applicants, while others choose students based on entrance test results. A minimum of two years of full-time work experience at the executive or management level is required for the majority of Online MBA programs, along with a degree from an approved university or an equivalent certification. You might be required by some colleges to take their internal entrance exam, an essay test, or a group exercise.

What is the scope of an Online MBA?

Numerous employment opportunities are open to online MBA graduates in the public and private sectors. With an online MBA degree, a student can pursue lucrative careers as a marketing manager, business development manager, financial analyst, finance manager, etc. However, because the program is mostly attended by working individuals who wish to progress their careers, the institutions offering Online MBA programs do not provide placement support. The focus is on drastically altering one's existing career or position. If an individual wants to be promoted to a higher managerial position, an online MBA will provide them with the boost they need to climb the corporate ladder.

Are scholarships available for Online MBA programs?

Yes, with the help of various kinds of financial aid, some individuals can enroll in online MBA programs in India. Students might uncover funding possibilities, such as scholarships, by using online MBA employment boards. Search based on your own criteria. The applicants' color, ethnicity, gender, and family history may be taken into consideration for some scholarships.

What are some of the disadvantages of an Online MBA?

In India, earning an online MBA is not regarded as being equivalent to earning a full-time MBA, hence career advancement is constrained. There are certain disadvantages to taking an MBA online, despite the fact that it can have its benefits. One of the biggest drawbacks of completing an online MBA is that you are shut out of MBA networking opportunities and market trends. You don't have the same opportunities as ordinary MBA students to network or interact with other firms and people. Another significant negative is that you have no opportunity to interact with your classmates.

Is the course curriculum for Online MBA tough?

A full-time MBA program is substantially more rigorous than an online MBA program due to the difference in teaching methods. The curriculum or course structure of an Online MBA is significantly more flexible, allowing students to take breaks as needed to properly balance their studies and jobs. Aspirants can manage their schedules to study or complete projects without interfering with their employment commitments because classes are totally online. Additionally, this encourages candidates to spend more time on independent study, which is a luxury for most regular MBA students. There aren't any significant distinctions between the course content of an online MBA and a traditional MBA other than the teaching approach.

Are Online MBA courses better than Regular MBA courses?

The answer to the question of which MBA program—Online MBA or Regular MBA—is better depends on the individual needs of the candidate. The fact that the online MBA is entirely virtual is the sole difference between the two courses. While the teaching-learning environment for online MBA programs is incredibly flexible, the full-time MBA program has a definite and rigid timetable for assignment submission, class participation, and exam dates. Candidates that can profit from a flexible teaching methodology would therefore gain more from an online MBA. On the other hand, if a candidate can commit the time necessary for a typical MBA, it can assist the candidate to benefit more.

What is the duration of Online MBA courses?

The length of an online MBA is arbitrary. In an online MBA program, lectures are delivered via video conferencing, and students can bring pen drives with them to copy their notes or lecture recordings. The flexibility of an online MBA program is another benefit. The length of the course might be anywhere between one and two years. The institutions provide flexibility to Online MBA students by allowing them the ability to attend courses when it suits them, presuming that the students are studying the program while maintaining their employment.

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