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Online MBA Courses 2024: The Only Guide You Need

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Jagpreet

30 May, 2024

Online MBA Courses 2024: The Only Guide You Need

Do you love Spiderman? Do you love how he was able to work at a Pizza parlour, do all the superhero things and somehow dodge his landlord- all at the same time? Does it make you jealous? We know that it must be hard for you to maintain that perfect work-study balance while still living your best life. But guess what?

Thanks to the internet- Online MBA Courses can be your superpower. It not only saves you from geographical and financial constraints but it also allows you to learn while you still earn. And that’s not even the best part.

The most interesting part about pursuing an Online MBA is that you can skip all those entrance examinations. That’s right! No more devoting long study hours to prepare for the CAT. The only cat you have to worry about is the one purring in your lap.

But is it really all sunshine and daisies? Let’s find out!

Why Go for an MBA?

Before we jump onto debating whether or not you should go for an Online MBA, it is first important to understand what an MBA, irrespective of the mode, is all about and how it can help your career and make you Spiderman!

Here are some of the top benefits of an MBA degree:

  • Skill Development Opportunities
  • Increased Earning Potential
  • Diverse Career Opportunities
  • Hands-On Experience of the Business World
  • Opportunity to Develop a Global Mindset
  • Access to an Extensive Alumni and Industry Network
  • Heightened Leadership Skills

Is an Online MBA Degree Course as Good as a Regular MBA?

Did you know that in September 2022, UGC rolled out a notification which had put Online degrees at par with regular ones! This is primarily due to the fact that in online learning, students get to study the same curriculum and receive all the same support & facilities as in a regular MBA programme.

In fact, in addition to the general benefits, an Online MBA degree course offers some more perks, such as:

  • Flexibility
  • Affordability
  • Convenience
  • Opportunities to Enhance Time Management & Organisational Skills
  • Enhanced Technical Acumen

Who Should Go for an Online MBA Course?

The answer is simple- everyone! Everyone who is looking for career growth, leadership development, acquiring business knowledge or strengthening management acumen can go for this versatile degree.

The reason is simple- Pursuing an Online MBA is easy. You can study from anywhere, anytime without having to worry about missing out on anything. No matter your career aspirations, an MBA has something for everyone. Whether you want to make it big in the culinary world or start your own marketing firm, an Online MBA will equip you with all the right skills and knowledge necessary to climb to the top of your career ladder.

How to Find the Right Online MBA Specialisation?

Choosing a specialisation is the most important step in your MBA career journey. Therefore, it is very important to take into consideration certain important factors while selecting a specialisation for your Online MBA.

Let us quickly go through the list of popular Online MBA specialisations and their career scope:

Specialisation Job Roles
Marketing Marketing Manager, Brand Manager, Advertising Manager, Creative Director
Finance Finance Manager, CFO, Investment Banker
Human Resource Management HR Manager, Recruitment Manager, Employees Relations Manager
Operations Operations Manager, Program Manager, Director of Operations, Chief Operating Officer
IT IT Director, IT Coordinator, System Administrator, MIS Director
Business Analytics Business Intelligence Analyst, Operations Analyst, Project Manager
International Business International Trade Specialist, International Business Development Manager, International Marketing Manager
Supply Chain Management Production Manager, Purchasing Manager, Supply Chain Manager
Project Management Project Manager, Director of Program Management, Project Coordinator
Entrepreneurship Entrepreneur, CEO, Businessman

These are just a few of the many amazing specialisation options available to you for an Online MBA course. The choice of specialisation depends on:

  • Your Interests
  • Your Current Job Role
  • Your Educational Background
  • Your Future Ambitions

Before you move on to finalise any specialisation, you must first identify the goals you want to achieve with an Online MBA degree course. Whether you are aiming for career growth, looking to transition into a different industry or want to refine your skills. Only after you have a clear picture of what you want to accomplish can you choose the right specialisation.

Curriculum

Semester 1  Semester 2 
Accounting for Managers Business Research Methods
Marketing Management Financial Management
Managerial Economics Human Resource Management
Statistics for Management Conflict Resolution and Management
Professional Communication Legal Aspects of Business

 

Semester 3 Semester 4
Professional Ethics Management in Action – Social Digital Marketing Specialisations
Strategic Management Economic and Ethical Issues
Minor Project Major Project

How to Find the Right Online MBA College?

Your college matters. Your academic experience, future career opportunities and the overall value of your degree, everything depends on the college you wish to pursue your education from. The choice of college depends on:

  • Your Interests
  • Career Goals
  • Budget
  • Curriculum
  • Facilities Offered
  • Accreditations & Recognition

Top Colleges Offering Online MBA Courses

University Total Fee
XLRI (PGDM) INR 14,00,000
S.P. Jain Institute of Management & Research
(PGDM)
INR 10,00,000
Indian Institute of Foreign Trade INR 7,50,000
Amity University INR 1,79,000
Great Lakes Institute of Management
(PGDM)
INR 3,50,000
Chandigarh University INR 2,00,000
Institute of Management Technology, Ghaziabad (PGDM) INR 1,25,000
UPES INR 1,50,000- 1,99,000 (Depending Upon Specialisation)
ICFAI Foundation for Higher Education INR 2,00,000
Manipal University INR 1,75,000

 

Related: Top 10 Online MBA Degree Colleges in India

Career Scope

Thinking about what career options are available after earning an MBA? MBA is a very profitable deal for people who want to work in the fields of management, finance, and the corporate world.

MBA offers a wide range of specialisations and along with that, you get the best career opportunities.

Following are some of the top job roles after an MBA along with their average salary:

Job Roles Average Salary (INR)
Accounting Manager 8.6 LPA
Brand Manager 17.9 LPA
Operations Manager 5.6 LPA
Staffing Director 17.8 LPA
Project Manager 17.2 LPA
Logistic Manager 9.8 LPA
Financial Analyst 5.9 LPA
Policy Analyst 7 LPA
Talent Acquisition Manager 13.3 LPA
Hospital Administrator 6.8 LPA

Source: AmbitionBox

How Online MBA Courses Can Elevate Your Skillset?

MBA not only gives you an upper edge over others but also equips you with the right skills. These skills are not merely for adding to your resume but are also highly appreciated in the workplace.

Soft Skills Technical Skills
Time Management Data Analysis
Self Discipline Entrepreneurship Skills
Virtual Teamwork Project Management
Critical Thinking Financial Management
Adaptability Technical Writing

When Should You Go for an Online MBA?

As they say, “There’s no right time for education.” Likewise, you can anytime opt for an Online MBA course whenever you feel like it. An online MBA programme offers you multiple benefits, including flexibility, career advancement, affordability, comfort, etc.

The following are the things that you can take into consideration:

  • Work-Life Balance: Balancing studies along with full-time work is challenging at times. But thanks to the Online MBA course, we get the flexibility and time we need to maintain a smooth balance between the two.
  • Personal Criteria: It varies from person to person according to the personal choices and preferences of each individual. You must first decide what you want to achieve from your MBA and accordingly decide on the right time to pursue it.

Eligibility & Admission Requirements

The eligibility criteria vary from college to college. However, the basic requirements are:

  • A bachelor’s degree from a recognised University or College with an aggregate of 50% marks.
  • Some of the programmes may ask for a working experience ranging from one to five years.
  • Some may require the scores of GMAT, GRE, or CAT.
  • Many Universities conduct exams of their own.

Takeaway

An online MBA course is not just a degree but it serves as a guiding light towards career advancement. With the help of this degree, you get hands-on experience even before landing a job which will help you later in your actual job roles and responsibilities.

FAQs:

Q1. What is an Online MBA?

An Online MBA is a postgraduate management programme that prepares students to manage various business operations by equipping them with the right knowledge and skills.

Q2. What is the course duration for an Online MBA?

The standard duration for an Online MBA is 2 years. However, certain universities such as the O.P. Jindal Global University also offers a one year Online MBA programme. Furthermore, certain universities also provide the option to extend the course for up to 4 years.

Q3. Will the online MBA be recognised while applying for jobs?

It depends on what institute you choose to go for. If you pursue an Online MBA from a university which is recognised and accredited by reputed national and international bodies such as UGC DEB, WES, AICTE, EOCCS, etc.; then your degree will be well-received by employers.

Q4. What is the scope of an Online MBA?

Online MBA enjoys a great scope as organisations all around the world are on a hunt for individuals with an Online MBA degree. This is primarily due to the fact that individuals who are able to balance an online course with their jobs are perceived to be better at organisation and time management.

Q5. Does IIM offer an Online MBA?

Certain IIMs such as IIM Ahmedabad, IIM Udaipur, IIM Raipur, etc. do offer an Online MBA programme.

Q6. Is work experience required for an Online MBA?

It is not necessary to hold work experience for pursuing an Online MBA. However, certain universities may ask the student to hold some work experience in a relevant field. It is always better to check at the official website of your preferred institute.

Q7. Do government jobs consider an Online MBA?

The Online MBA degree enjoys the same recognition as a regular MBA. It is widely accepted across the government as well as the private sector.


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