The term “distance MBA” refers to a Master’s degree in Business Administration that you can pursue from the comfort of your home. In other words, there is a distance-based MBA program for people who cannot attend regular classes. Students just have to follow the classes only on weekends, and they are all prepared and eligible to give the examination. As the popularity of distance courses is growing, many colleges have started offering the facility of distance education apart from their regular course. Also, many companies are now open to providing jobs to distance degree holders, breaking their pre-conceived notions.
The course is approved by prestigious government bodies like University Grants Commission(UGC)/AICTE, which makes it even more valuable and credible. The option of learning through distance is beneficial for working professionals who are not having time or resources to do a regular program. Additionally, the pandemic did wonders for the course as it increased its acceptance and reach.
Some more information about the course
|Process of Admission||No formalities if you are eligible. However, some Institutes may conduct entrance exams.|
|Method of execution||Both Semester and year-wise|
|Entrance Examination||CAT, XAT, MAT, SNAP, CMAT|
|Eligibility||10+2+3 or 10+2+4|
|Annual Fee||Rs. 50,000 to Rs. 200,000|
|Career Advancement||Manager, Human Resource Manager, Sales Manager, Product Manager, Business Development Manager, Marketing Manager|
|Annual Salary(Average)||Rs. 200,000 to Rs. 10,00,000|
Career Options you can choose from after completing your distance MBA course
After you are done with your post-graduation, through a distance MBA, you can work either in the public or private sector. Here are a few opportunities listed below.
- Marketing Manager– The work of the Marketing authority is to evaluate and optimize the strategies to be used for marketing and pricing. The person also helps the company generate new business leads and increase the brand’s popularity or product in the market.
- Business Development Manager – A Business development supervisor focuses on developing the right strategy for the financial gain and customer satisfaction of a company. The person predicts the need of the client and promotes the company in such a way that it seems appealing to the customer.
- Brand Manager – Brand supervisors are in charge of creating brand strategies, encouraging brand development and growth, putting brand plans into action, and utilizing a range of data to add volume and profitability. In essence, brand controllers are concerned with accomplishing both short- and long-term business goals for their brands.
- Human Resources Manager – A person working in the Human Resources Department is expected to take care of recruiting, staffing, departmental planning, performance management, and the improvement of the system. The employed person takes care of the safety, effective working, and grievances of the other employees serving the company.
- Operations Manager- Monitoring organizational processes, making adjustments, and putting various plans into action to maintain efficiency are among the main responsibilities of an operations handler. The other tasks of the person in operations include bringing together various departments to maximize productivity, evaluating budgets, inspiring and motivating employees and recognizing issues, and locating solutions.
- Finance Manager-A Finance supervisor in an organization is responsible for planning, coordinating, and carrying out the organization’s financial programs and activities. He estimates the amount of money required to achieve the organization’s short- and long-term financial goals, prepares financial reports, takes the reins during month-end close, and runs monthly financial forecasts.
- Regional Sales Manager – A salesperson is accountable for the promotion of the company’s goods with the support of the marketing and in-store management teams. He enquires and learn about the requirement of the consumers and market the product accordingly. He sets the targets and makes sure that they are achieved within the given time. He reports to the upper management regarding the sales of the product or service.
The average salary of the following jobs is-
|Marketing Manager||INR 6.83 LPA|
|Business Development Manager||INR 5.98 LPA|
|Brand Manager||INR 9.7 LPA|
|Human Resource Manager||INR 7 LPA|
|Operations Manager||INR 7.65 LPA|
|Finance Manager||INR 9.96 LPA|
|Regional Sales Manager||INR 7.4 LPA|
Top companies where a person can apply after completing a distance MBA-
|JP Morgan Chase & Co||Wipro|
Job Opportunities after Distance MBA abroad-
Students, after their distance MBA course, have a variety of job options in India and abroad. The people qualified have experience working in taxing work environments, they have the management and practical skills, and hence they get enough trained to work at the international level. Japan, Germany, Singapore, Canada, the UK, US, Switzerland, France, and Australia are some of the countries where you can move after doing a distance course.
After doing an MBA program in International Trade Management, a candidate can begin with a career in shipping, logistics, export, import, consulting, etc., in foreign countries.
Here are a few FAQs related to career options after a Master of Business Administration course-
What are the career prospects after a Distance Learning MBA?
After completing the course, a student can opt to work in Finance, Marketing, Human Resources, Accounting, Risk Management, Insurance, etc. You can apply for the role of finance or marketing executive in charge, corporate associate, portfolio manager, etc.
What are the best distance MBA specializations?
NMIMS gives the following specializations –
Marketing Management, Financial Management, Business Management, Supply Chain Management, Human Resource Management, International Trade Management, Banking, and Finance Management, Operations Management, Retail Management, Information Technology, and Systems Management.
What is the scope of a Distance MBA?
A student can learn about advanced study options and a lot of career opportunities in a distance MBA course. One can also plan to do a Ph.D. in their field.
What are the different types of MBA job roles?
The job roles a pass-out can get are Project Manager, Operations Consultant, Marketing Manager, Operations Manager, Operations consultant, and HR Manager. The role you get in an organization depends upon the specialization you choose during your MBA.