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Kamaldeep
20 January, 2024
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“If you can imagine it, you can achieve it. If you can dream it, you can become it.” – William Arthur Ward
Earning an Online MBA degree is a smart career move. If you are looking for an Online MBA, you must be expecting flexibility, career boost, and (let’s be honest) comfort! Well, the good news is that you will get it all. However, before you get lost into virtual lectures and case studies, let’s talk about the most important aspect: Fee!
You must be thinking about if this path is financially affordable & if so, which college to choose. We will put the light on the intricacies of Online MBA tuition fees in India, which will guide you through the maze and help you make better decisions.
An Online MBA is a 2-year postgraduate programme wherein you do not need to visit the campus but can attend virtual classes by means of the internet. It can be a game-changer for your career.
You will be getting the same power-packed business knowledge that you would get in a regular MBA, only the mode is different. You will get to explore a diverse set of online lectures, virtual group projects, and case studies that you can attend in your pyjamas. It’s like having a business school in your pocket (minus the cafeteria gossip, sadly).
An article published on Yahoo Finance says the online education market in India is expected to grow about 19.9% each year—from 2022 to 2027. It is predicted to increase by a massive USD 3,461.93 million. This growth is mainly because people, young and old, want to learn new skills for work and job opportunities. This shows how the online education demand is increasing.
It is important to understand that online MBA tuition fees in India are not fixed for a particular segment. It depends on several factors, including:
If you are thinking of going for big brand names like IIMs or top private universities, then they generally charge higher fees, ranging from INR 3 lakhs to 12 lakhs. If you choose to go with government universities, you will find that they offer more affordable options that start with fee as low as INR 30,000. However, not many government universities offer online education. But luckily there are also some affordable online MBA programmes offered by reputed universities such as Uttaranchal University, Jain University, Amity University, etc. that offer quality education at a minimal fee.
It is no secret that 2-year programmes tend to be more expensive than 1-year programmes. In most of the universities, the extended duration often involves additional tuition and resource costs. However, the longer timeframe can offer a more in-depth and comprehensive learning experience to you.
It is interesting to note that some specialised programmes like Finance or Marketing may have slightly higher fees than general MBA programmes. This increased expense is pertaining to the expert faculty and focused curriculum adopted in the specialised degrees.
Some universities offer additional services such as skill development opportunities, career guidance services and industry interactions. All these services lead to increased expenses and thus result in higher fees.
If you are a student and not able to afford the expenses then you might need the scholarship or financial aid. With scholarship & financial aid, you can cover college costs like tuition, fees, and living expenses.
Colleges usually offer a hand with financial aid, like loans and those handy EMIs (easy monthly payments). Scholarships are like little life-savers.
Related: Online MBA Scholarships and Financial Aid Opportunities
Now let’s talk about what are the methods available for making the payment of tuition fees. There are several payment options available.
IGNOU is a popular choice for working professionals and career changers. This university has a rich history of empowering diverse learners and facilitates flexible and high-quality learning through Open & Distance Learning (ODL) mode. The placement cell actively informs candidates about latest & relevant job opportunities. Notably, the Online MBA programme incurs a tuition fee of INR 62,000 for the entire course, making it a cost-effective option for those seeking an esteemed MBA qualification.
Amity University Online offers a rich portfolio of programmes with a strong reputation for quality education. It was the first university in India to gain UGC recognition for online programmes. Amity Online is a popular choice that provides a flexible option for students who want to pursue higher education. The full course fee for the online MBA programme stands at INR 1,79,000.
Bharati Vidyapeeth Deemed to be University (BVDU) ]was founded in 1964. It offers various academic programmes across disciplines. The university offers a world class curriculum and advanced facilities to all its online learners. Notably, the Online MBA programme at BVDU has a tuition fee of ₹130,000 for the full course.
Uttaranchal University is a private university in Dehradun, Uttarakhand, India. It offers many undergraduate and postgraduate programmes in various specialisations. The university also recognises the growing demand for flexible learning. Therefore, Uttaranchal University offers a comprehensive Online MBA programme. It makes quality education accessible to a wider range of learners. The Online MBA programme’s total tuition fee is INR 80,000.
Dr. D.Y. Patil Vidyapeeth Centre for Online Learning is known for offering many top undergraduate and postgraduate programmes. The Online MBA programme offered by Dr. D.Y. Patil Vidyapeeth COL has a tuition fee of INR 1,40,200 for the full course, making it an affordable option for students.
“Online Manipal University” offers a wide range of online undergraduate, postgraduate, and professional certificate programmes in the various fields like Management, IT, Commerce, Arts, Data Science, and more. The Online MBA programme offered by Online Manipal University has a tuition fee of INR 1,75,000 for the full course.
Jain University Online is recognised by the University Grants Commission (UGC). The university also boasts several international accreditations. Jain University offers an Online MBA programme that is designed to provide flexible and global-quality education via online mode. The tuition fee for the Online MBA programme at Jain University Online is INR 75,000 to INR 1,30,000 per year and depends on the specialisation you choose.
The last call is yours. You can choose the Online MBA programme that suits your preferred choices & needs. You should reach out to universities for clarifications and explore scholarship opportunities.
Keep in mind that if you get the Online MBA degree, it can be a major boost to your career, and that the financial barrier can be overcome through proper preparation.
