Online MBA Courses 2024: The Only Guide You Need

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Jagpreet

24 September, 2024

Online MBA Courses 2024: The Only Guide You Need

Are you looking for an MBA programme in which you can balance both your professional and personal life? You can save time on your travels with online MBA courses. 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 exciting 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 must worry about is the one purring in your lap. But is it all sunshine and daisies? Let’s find out!

 

Read: Top 10 Online MBA Colleges in India

Why go for an MBA?

Before we debate whether or not you should pursue an online MBA, it is essential to understand what an MBA, regardless of the mode, is all about and how it can help your career and make you Spider-Man!

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

  • Skill Development Opportunities

  • Increased Earning Potential

  • Diverse Career Opportunities

  • Hands-on Experience in the Business World

  • Opportunity to Develop a Global Mindset

  • Access to an Extensive Alumni and Industry Network

  • Heightened Leadership Skills

Is It Good Enough?

Did you know that in September 2022, UGC rolled out a notification that put online degrees on par with regular ones? This is primarily because, in online learning, students get to study the same curriculum and receive the same support and 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 and Organisational Skills

  • Enhanced Technical Acumen

Read: Why an Online MBA is a Game Changer for Professionals

Who Should Go for an Online MBA Course?

The answer is simple—everyone! This versatile degree suits anyone seeking career growth, leadership development, business knowledge, or management acumen.

The reason is simple: Pursuing an online MBA is easy. You can study from anywhere, anytime, without worrying 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 shall equip you with all the skills and knowledge necessary to climb to the top of your career ladder.

Popular Online MBA Specialisations

The list of online MBA top specialisations is in the table below. The specialisations, however, vary depending on the college. You can choose a specialisation that suits you best according to your interests.

Finance Healthcare Management
Marketing Business Analytics
Human Resource Management Sustainability and Environmental Management
Operations Management Entrepreneurship
Information Technology (IT) International Business

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 consider certain 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, Employee Relations Manager
Operations Operations Manager, Programme 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 Programme Management, Project Coordinator
Entrepreneurship Entrepreneur, CEO, Businessman

These are just a few of the many fantastic specialisation options available 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 finalise any specialisation, you must first identify the goals you want to achieve with an online MBA degree course. Whether you aim for career growth, transition into a different industry, or refine your skills, you choose the right specialisation only after you clearly understand what you want to accomplish.

Curriculum

Here is an example of online MBA coursework for two years; this has a total of 4 semesters. Please note that the syllabus may vary based on each university.

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 Actioissuesial 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 all depend on the college to which you wish to pursue your education. The choice of college depends on the following:

  • Your Interests

  • Career Goals

  • Budget

  • Curriculum

  • Facilities Offered

  • Accreditations & Recognition

Top 10 Colleges Offering Online MBA Courses

Check out the list of top colleges offering online MBAs.

University Total Fee Recognition/Accreditation
XLRI (PGDM) INR 13.9 lakhs AICTE
AIU
AACSB
AMBA
EFMD
NIRF 9 (Management)
S.P. Jain Institute of Management & Research

(PGDM)

INR 10 lakh  UGC
AICTE
NNAC A
NIRF 20 (Management)
Indian Institute of Foreign Trade INR 7–12 lakhs (Depending Upon Specialisation) AACSB,
NAAC A
NIRF 15 (Management)
Amity University INR 1.9 lakhs UGC
AICTE
ACU
NAAC A+
NIRF 29 (Management)
Great Lakes Institute of Management

(PGDM)

INR 3.7 lakhs AICTE
AACSB
AMBA
SAQS
NIRF 34 (Management)
Chandigarh University INR 2 lakhs UGC
NAAC A+
NIRF 36 (Management)
Institute of Management Technology, Ghaziabad (PGDM) INR 1.6 lakhs AICTE
AACSB
AIU
NBA
NIRF 35 (Management)
UPES INR 1.5-1.9 lakhs (Depending Upon Specialisation) UGC-DEB
NAAC A
NIRF 41 (Management)
ICFAI Foundation for Higher Education INR 2 lakhs AICTE
AACSB
SAQS
NAAC A++
NIRF 39 (Management)
Online Manipal University INR 1.75 lakhs UGC
AICTE
ACU
WES
NAAC A+
NIRF 73 (Management)

Related: Top 10 Online MBA Degree Colleges in India

Career Scope

What career options are available after earning an MBA? MBA is very profitable for people who want to work in management, finance, and the corporate world. MBA offers many specialisations, and you may get the best career opportunities.

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

Job Roles Average Salary Range (INR)
Accounting Manager 8.6 LPA – 25 LPA
Brand Manager 7.9 LPA – 25 LPA
Operations Manager 5.6 LPA- 30 LPA
Staffing Director 7.8 LPA – 30 LPA
Project Manager 17.2 LPA – 30 LPA
Logistic Manager 9.8 LPA – 25 LPA
Financial Analyst 5.9 LPA – 25 LPA
Policy Analyst 7 LPA – 30 LPA
Talent Acquisition Manager 13.3 LPA – 35 LPA
Hospital Administrator 6.8 LPA- 20 LPA

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

Placement Services for Online MBA

  • You can access dedicated career coaches and expert guidance for job placements.

  • Regular training sessions and workshops to boost your resume, interview, and networking skills.

  • There are exclusive job portals that offer diverse job opportunities.

  • Personalised job recommendations and preferences based on your expertise.

  • Placement assistance that ensures successful career transitions post-MBA.

  • Enjoy internship opportunities with top organisations.

  • Professional help in crafting a standout CV and preparing for interviews.

Top Recruiters

Here is a top recruiter table for online MBA passouts.

ICICI Bank JP Morgan Chase
Google Microsoft
TCS EY
Flipkart Amazon
Bharti Airtel PwC

Read: How to Finance Your Online MBA Education

When Should You Go for an Online MBA?

As they say, “There’s no right time for education.” Likewise, you can opt for an online MBA course whenever you feel like it. An online MBA programme offers 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 each individual’s personal choices and preferences. You must first decide what you want to achieve from your MBA and choose 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 programmes may ask for work experience ranging from one to five years.

  • You may require scores on the GMAT, GRE, or CAT.

  • Many universities conduct exams of their own.

Takeaway

An online MBA course is not just a degree but a guiding light towards career advancement. With the help of this degree, you get hands-on experience even before landing a job, which may help you later in your actual job roles and responsibilities. You can achieve your dream job by sitting at home and not commuting daily to college. Online MBA programmes are specially designed for you if you reside in a remote location. So take advantage of the online MBA courses mentioned in the blog and start your business journey now!

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 two years. However, certain universities, such as the O.P. Jindal Global University, also offer 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 to. 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 may 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 because individuals who can 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 optional to have work experience to pursue 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 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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