Online MBA: Program Details, Fees, Admission 2024, Placement, & More
The two-year postgraduate degree program online MBA (Masters of Business Administration) is one of the most popular courses among working professionals. This degree provides essential skills for their career upliftment and helps in personal development too. The online degree program can be pursued from the comfort of your home without leaving your job at your convenience. The most important thing about the online degree program is that it offers a wide range of trending and in-demand specializations that can elevate your career graph.
A Glimpse of Online MBA Program
Online MBA degrees act as a catalyst for the career journey and help in inculcating skills essential for the managerial level in India & Abroad. A student can seek admission to an online degree program after completing their graduation and do the job simultaneously.
| Particulars | Details |
|---|---|
| Program Name | Online MBA |
| Degree-level | Postgraduate |
| Duration | 2-years |
| Mode of Learning | Online |
| Eligibility | Graduation or equivalent with a minimum of 50% marks |
| Admission Process | Direct Admission on a merit basis |
| Entrance Exam | Most of the universities do not require entrance exams while a few require a valid scorecard of CAT/MAT/XAT |
| Fees | ₹ 50,000 to 1,00,000 per semester |
Why Online MBA
MBA is one of the most prestigious degrees for efficiently managing a business. It helps in understanding the intricacies of business essential for a successful entrepreneur. Here are a few reasons why you should pursue an online MBA degree course:
Management Skill
The skills and knowledge acquired during the online MBA program aid in personal & professional development
Affordability
An online degree is cheaper than a regular MBA program as you save a tangible amount on accommodation, transport, etc.
Degree With Experience
You can earn a degree without leaving your job resulting in acquiring experience and education altogether.
Flexibility
The online MBA program provides flexible learning opportunities as the learner can study at their own pace anywhere anytime according to their convenience.
Networking Opportunities
A virtual degree of online MBA helps in building professional networks essential for career advancement.
Who Can Pursue an Online MBA Degree?
MBA is one of the most prestigious degrees for efficiently managing a business. It helps in understanding the intricacies of business essential for a successful entrepreneur. Here are a few reasons why you should pursue an online MBA degree course:
- Scored low in the CAT/XAT exam and failed to enter the top-rated B-Schools.
- Have other commitments in addition to higher education.
- Lives in a rural area and cannot attend regular classes due to location constraints.
- Cannot afford the high fees of the regular MBA program but want to study further.
- Wants to advance their career and look for higher level jobs with managerial profile.
Eligibility Criteria
To be eligible for an online MBA degree course the student must:
- Have completed graduation in any discipline with a minimum of 50% marks from a recognised university.
- Some online MBA institutes demand 3-4 years of experience after graduation.
Duration & Fees
Duration
The duration of the online MBA program is 2 years which can be extended to 4 years. Candidates are required to pass all the examinations in 4 years.
Fees For Online MBA
The fee for an online MBA program varies from college to college. The fee also depends on the specialization chosen. The typical fee for an online MBA program lies between INR 50,000- 1,00,000/- per semester.
Some colleges or universities also offer scholarships for online MBAs. While some provide EMI options for higher education. Contact the universities to get more information on financial aid available for the program.
Admission Process 2024: Online MBA
The steps for online MBA admission are as follows:
- Visit the university website where you want to enrol for the degree program.
- Register by entering basic information such as name, email address, contact number, etc.
- Look for the specialization you are interested in and choose the course before filling out the online application form.
- Fill out the application form add related documents and photographs in the prescribed format and save it.
- Pay the online application fee applicable for the course you are looking for.
- Wait for admission confirmation. The admissions are usually confirmed after document verification.
Top Online MBA Colleges in India
The steps for online MBA admission are as follows:
Online MBA: Syllabus
The online MBA curriculum is similar to a regular MBA program. The program comprises four semesters in 2 years. The typical online MBA program structure is as follows:
| Semester I |
|---|
| Principles & Practices of Management |
| Managerial Economics |
| Organisational Behaviour |
| Accounting for Management |
| Business Environment |
| Semester II |
|---|
| Production and Operation Management |
| Financial Management |
| Marketing Management |
| Human Resource Management |
| Management Information Systems |
| Semester IV |
|---|
| Elective V |
| Elective VI |
| Elective VII |
| Elective VIII |
| Project |
| Strategic Management |
| Semester III |
|---|
| Elective I |
| Elective II |
| Elective II |
| Elective IV |
| Research Methodology |
| Legal Aspects of Business |
Online MBA: Job Opportunities
Online MBA establishes a pathway to jobs in mid-level and senior level. The skills acquired help in establishing your own business as well as lead to career development. The online MBA degree opens the door to new opportunities in finance, marketing, human resources, data science, information technology, business analytics, entrepreneurship, and more. Most students find online MBA degrees beneficial for their careers as they lead to the swift movement from an entry-level job to senior management.
Some of the typical online MBA job opportunities are as follows:
- Finance Manager
- Human Resource Manager
- Marketing Manager
- Advertising Manager
- Project Manager
- Accounting Manager
- Digital Marketing Manager
- Entrepreneurship
Frequently Asked Questions (FAQs)
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Yes, online MBA degrees from a recognised and accredited university are valid. These degrees are considered for various government and private sector jobs.