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Is an online MBA degree worth your time and money?

Online MBA

A degree of MBA is relevant and beneficial today as it had been two decades ago. MBA doesn’t only prepare you for a corporate job but is an efficient program for teaching you strategic and critical thinking. It boosts your ability to plan and execute projects in an organized manner. And an online MBA is no different from the traditional one in this regard.

Many reputed B schools offer online MBA courses in India. The course curriculum of an online MBA is the same as that of a regular traditional MBA program. The only difference is the flexibility concerning distance, time and non-requirement of physical presence in a classroom.

Is an online MBA degree worth your time and money?
Is an online MBA degree worth your time and money?

Advantages of online MBA ?

The most important features of an MBA program are skill enhancement through assignments, practical exposure, experienced faculty and networking. And an online MBA course can offer you the same features with a more flexible learning environment and less fee. An online MBA program may offer you more variety than traditional MBA.

An online MBA classroom would have students coming from diverse backgrounds and geographic locations. The chances of interacting with students from different parts of the globe are higher in an online MBA program. Group assignments with them will not only be fun but also very enlightening as you will get direct global corporate exposure through your peers. Your virtual classroom itself can become a centre of networking for you.

For working professionals, an online MBA can provide a great boost to their careers. It can yield a significant return on investment as compared to a regular MBA program. The fees are much less as compared to a regular MBA and one doesn’t need to leave his job to upgrade him/herself anymore.

No need to juggle between work and study or even go to night colleges after a hard day at work. Online MBA courses now provide the opportunity for flexible learning without these hassles keeping your time and health in check. And all these courses are now recognized by the UGC too. These are the reasons why online programs are being opted for by students globally.

The Surge in the Number of Enrollment ?

In the past year, there has been a 38% increase in the number of higher education institutes that are offering online programs in India as per statistics shared by the UGC. UGC also stated that enrollment in overall online programs increased by 170% in 2021-2022. An online MBA in India is the most in-demand course among both Indian and international students. More than 28,000 students enrolled for online mode of MBA courses in India in 2021-2022.

Also, 720 international students enrolled in different online MBA programs in India during the same period. As per Association to Advance Collegiate Schools of Business, the market in the USA is also facing the same kind of surge. In the academic year 2020-2021, more than 45,000 students enrolled in online MBA courses in the USA.

Is an online MBA degree worth your time and money?

The Comparatively Less Cost

The fee structure for online MBA courses in India is also very less as compared to regular MBA. Course fees in most of the institutes are within Rs 2,00,000 whereas for a regular MBA you need to spend a minimum of Rs 5,00,000 and a maximum of Rs 25,00,000. Here are fee structures for online MBA in 10 universities or institutes that you can choose from:

Sl. NoName of InstituteFees for entire courseIf paid at once
1.IGNOURs 58000 (Rs 14000 for 1st, 2nd and 4th semester. Rs 16000 for 3rd semester)NA
2.Chandigarh UniversityRs 65360 (Rs 16340 per semester)NA
3.Amity UniversityRs 253000 (Rs 63250 per semester)Rs 200000
4.NMIMSRs 42000 per semesterRs 144000
5.Lovely Professional UniversityRs 156000 (Rs 39000 per semester)Rs 142000
6.Symbiosis UniversityRs 70000 (Rs 35000 annually)NA
7.Manipal UniversityRs 150000 (Rs 37500 per semester)NA
8.Jain UniversityRs 120000 to 200000 (Fees differ as per specialization)NA
9.Alagappa UniversityRs 80300 (Rs 40300 for 1st year and Rs 40000 for 2nd year)NA
10.SRM UniversityRs 189000 (Rs 47250 per semester excluding exam fees)NA

The Specializations Offered under Online Mode

There’s no barrier for you in choosing your preferred specialization in online MBA. Starting from the specializations of Finance, Human Resources, and Marketing, online MBA now offers a range of other electives to choose from. A list of specializations or electives that you can select from are as follows –

1. Systems and Operations Management2. Information Technology Management
3. Healthcare Management4. Banking and Finance
5. Logistics and Supply Chain Management6. International Finance/Marketing/Business
7. Business Intelligence and Analytics8. Business Intelligence and AI
9. Data Science and Analytics10. Project Management
11. Digital Marketing and E Commerce12. Entrepreneurship and Leadership
13. Advertising and Branding14. Investment Banking and Equity
15. FinTech16. Tourism Management and more

Students can choose any of the electives as per their present job profile or depending on how they want to upgrade their skills to get into an allied industry or job profile. The opportunities in all sectors are huge at present and skilled professionals are in demand. Online MBA will polish your present skills, enhance your critical and strategic thinking ability and push your management skills to the extent wherein you can excel in your job and continue moving up the ladder.

Is an online MBA degree worth your time and money?

Wrapping Up

Upgradation of knowledge and skills are very important in today’s technologically evolving world. Continuous learning will help an individual to remain relevant in the job market. Hence, even if you are working, adding a degree to your CV that would make you evolve and enhance your skills will prove to be beneficial in your career journey. An online MBA is an ideal course in this regard. You can complete your MBA now without compromising your present job requirements and paying a hefty fee for the same. In short, it is flexible and affordable.

At a Glance Why Online MBA?

Flexibility

Study as per your own convenience. No night college or weekend stress. Choose your own pace and time to upgrade yourself.

Less Cost and More ROI

The cost of an online MBA is less as compared to a regular MBA. But the chances of a promotion are high for working professionals after completing an online MBA program. The less cost ensures higher ROI for students.

Same Curriculum

The curriculum structure of online MBA is no different than regular MBA. Students learn the same in both the modes. UGC recognises online mode of MBA too.

Specializations

No barrier in choosing specialisations. From Finance, IT, AI to Healthcare or Tourism, a wide range of specializations are available in online MBA.

Is an online MBA degree worth your time and money?

Check the Features of the Program in Video

We have made a short video of for you to know about NMIMS Executive MBA Program offered and the Highlights of the Program. You can check the features of the Program, Eligibility, Subjects covered, Admission Procedure, Duration of the Program as well as the Fees Structure of NMIMS Executive MBA Program.

Is an online MBA degree worth your time and money?
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Categories
Knowledge

Should you invest in an Online MBA?

Online MBA

Should you invest in an Online MBA ?

The hot topic amongst budding entrepreneurs are, is a Master of Business Administration qualification worth it? Yes, you heard it right. Pursuing an MBA program on-campus or off-campus is a major topic of discussion. The root of the answer lies in whether a prospective business leader should pursue an official degree to gain knowledge or whether real-world skills are more necessary. We are here to put an end to your queries.

A Master of Business Administration program is specifically designed for individuals seeking theoretical and practical knowledge of business setups, managerial aspects, and investment models. As a wholesome pack, it equips the learners with the relevant skills to keep a solid first step in the business world. Of course, its claims aside, it all comes down to a few stamping factors that decide whether pursuing this course offline or online is worth the effort, money, and time or not.

Should you invest in an Online MBA?
Should you invest in an Online MBA?

A prime question - Can you commit to full-time studies ?

The major factor being one’s commitment to full-time education is a tough choice. While some people have their learning path figured out early in life, others decide on higher education in their later years.  This may be due to a major slack in domain-centric skills or a mere hindrance in their career graph. Nonetheless, entering the life of a full-time student is a big decision that not everyone has the liberty to take as they please.

This is where an online MBA comes in. With a wide range of institutions offering numerous online programs, thanks to COVID-19, the flexibility is beyond expectations. Unlike on-campus learning which sometimes grants part-time study options, an online MBA for sure gives students the option to pursue it per their pace and preference. To say, studying MBA online gives candidates the advantage of adding a superior qualification to their profile without compromising their usual schedule.

P.S. – Quite a good deal for full-time working skilled professionals looking for an added star to their resume.

Do you have a bar for spend-limit on education ?

No one has to be ashamed of their financial capacity for education. Only the wisest consider twice before spending their hard-earned money on anything. Looking from a cost perspective, an online MBA takes the edge. Being a virtual study method, the course providers usually charge only for the program contents and shared knowledge, unlike offline institutions which quite logically have to charge additional costs considering the infrastructure, amenities, on-campus placements, study material, and other perks. Hence, an online MBA can be considered if you’re willing to overlook a few drawbacks and save big on your penny.
Should you invest in an Online MBA?
Should you invest in an Online MBA?

Consider this - Do you want to engage locally or globally ?

Yet another aspect of online MBA that wins hearts. While offline MBA allows the knowledge-seekers to indulge in group projects and work in a real-time environment with their peers, a fact is often overlooked that their coequals are near the same socio-economic background, leaving them with minimal networking exposure. On the other side of the spectrum, enrolments in an online MBA program are not necessarily from the same geographical area allowing a lot more scope for thought expansion and higher chances of collaboration & idea exchange amongst a divergent group of individuals; an aspect which is consequential for someone who aims for a global business model.

Let’s talk numbers – Is an online MBA equally rewarding as its on -campus counterpart? ?

This is one particular area that requires close consideration of the matter in discussion. Will an online MBA program grant you equally profitable and high-paying employment opportunities as an on-campus MBA? Well, let’s find out.

MBA is a highly accredited and valuable qualification to pursue regardless of the mode of study. Its mode of education hardly affects job prospects; however; it impacts an individual’s skills. While both methods of studying have their fair share of pros and cons, an online MBA can be a little more rewarding, given its cost efficiency and flexibility. The teaching content and curriculum of an MBA remain the same be it provided online or offline. Although, the virtual mode of learning of this course grants the learner a wider scope of exposure and building cross-world connections. The graduates usually aim for higher-level management roles that require great insights into people-reading and mapping with different tools, diversified target audience, and incorporation of international business outlook to take any firm to great heights. All these aspects are granted in an online MBA mode.

Besides, talking about career outcomes after this program, the employment and growth opportunities are never-ending, given the rising demand for strategic and business-minded professionals carrying relevant skills and qualifications to grow the business on global grounds. A few roles in this domain include:

A few roles in this domain include

1. Management Consultant

Management is a broad term that connects almost all functions and departments of a company. As a management consultant, one typically works on high-level business issues that impact the CEO, Board of Directors (BOD), Board of Management (BOM), etc. Because they are typically in charge of a firm’s management operations. Such consultants are specialized advisors who evaluate business practices and strategize with firm leaders to solve operational and organizational problems. At the core, they identify and analyze business challenges and create solutions to make the company, department, or project more successful, profitable, and efficient.

Average Annual Salary : ₹22.0 LPA

2. Project Manager

A project manager is responsible for planning, procuring, executing, and completing a project. They are the ones responsible for the entire project and undertake all tasks such as project scope, project team leadership, and resource allocation to the project. Ultimately, the project managers are responsible for the success or failure of any project

Average Annual Salary : ₹14.3 LPA

3. Manager

A manager is a high-level role responsible for managing a particular department, overseeing everyday operations, and coordinating with supporting departments. Managers supervise, direct and assess the workers who are employed under them. They also carry the responsibility for recruiting teams, evaluating skills, providing necessary training, and supervising performance.

Average Annual Salary : ₹22.0 LPA

4. Brand Manager

The brand manager’s job is to ensure higher profits by improving people’s overall perception of the company and its products and services. They are responsible for building brand equity and changing public perceptions of brands.

Average Annual Salary : ₹12.0LPA

5. Marketing Manager

A marketing manager is a person in charge of the marketing department. They promote the company’s products and services and increase sales conversion rates. They also plan marketing campaign strategies to attract customers.

Average Annual Salary : ₹7.3LPA

The final verdict ?

A candidate who aspires to a leadership or management role requires the corresponding qualification not only because of the insightful course learning and relevant skills but also because a degree can often impact one’s career growth. So, to cross out any or all potential drawbacks in your employment graph, it is advised to take on the qualification.
The good thing in all this is that you can pursue the same level course without any compromised curriculum or quality of education with seemingly decreased costs and increased flexibility.

Should you invest in an Online MBA?

Check the Features of the Program in Video

We have made a short video of for you to know about NMIMS Distance MBA Program offered and the Highlights of the Program. You can check the features of the Program, Eligibility, Subjects covered, Admission Procedure, Duration of the Program as well as the Fees Structure of NMIMS Distance MBA Program.
Should you invest in an Online MBA?
Play Video

Refer a Friend

Refer a Friend and earn Rewards. Call us at 8080500400 or click on the link below to refer your Friends and Colleagues.

Should you invest in an Online MBA?

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Call Us

8080 500 400

WhatsApp Us

8080 500 400