A Master of Business Administration (MBA) is a postgraduate degree program that delivers knowledge of business or investment management. This program is basically designed to help students to understand the basic methodologies of the business world. This Online MBA degree can be a general MBA or have specializations such as accounting, finance, marketing, or international business. The main focus of this postgraduate degree is business, entrepreneurship, and management. The students enrolled in MBA programs are also free to focus on other different areas such as finance or risk management.
Nowadays there are multiple universities that offer special programs such as health management, sports management, or recreation. For people who are unable to attend a full-time program ‘Executive MBA’ is a degree program made for them, basically it’s for experienced professionals. There are multiple types of MBA programs like – full-time, part-time, online, or international.
How Does it Work?
An MBA is a master’s degree in business administration because it’s a postgraduate program therefore it puts students above the bachelor’s degree holders. This MBA program is offered by multiple universities or colleges. The duration of this program is two years. To get enrolled in this program a student needs to clear an entrance exam ‘Common Admission Test (CAT)’, after which the student gets selected on the basis of selection criteria. All MBA programs mainly include law, business, management, finance, marketing, and accounting. MBA programs are expanding their focus to include international business education, management, planning, business strategy, and leadership behavior.
Types Of MBA Program
There are various kinds of MBA programs on the basis of specialties, disciplines, and universities. Students enrolling in MBA are able to find a program that is suitable according to their schedules, interest, and flexibility.
1) Part-Time MBA Program
This part-time MBA program is for those who are employed and want to continue their education without quitting their job. This type of degree program gives more flexibility to students while pursuing their MBA degree.
It is mainly suitable for those students who want to study at their speed. Also, this program can be appropriate for those students who have other commitments. This program offers flexibility in classes by scheduling in the evenings, or on weekends, which helps students to balance their work and education.
2) Online MBA Program
In online MBA mode, students are allowed to work remotely. It provides more flexibility to students when it comes to attending classes. Because it’s an online mode of degree the lectures are also conducted online mode. To enroll in this students must have technical supplies.
3) Distance MBA Program
The distance MBA program is basically a two-year postgraduate management degree program. It is specially built for people who are unable to attend regular classes. It is very much similar to a regular MBA program, only the mode of delivery of education is different. It is made for people who are currently employed and want to pursue education at the same time.
4) International MBA Program
This MBA program mainly focuses on international business. After learning through this course students can build an international network and create opportunities all around the world. The international MBA is highly effective when students are preparing to work in international business.
5) Two-Year MBA Program
In a two-year MBA program students attend university classes in a full-time structure. During their first year of degree, students get to learn basic business skills like communication or strategy. In their second year students are able to choose their specialization.
The two-year MBA program is a bit time-consuming but it also offers the opportunity to practice for students.
What is an Online MBA Program?
An online Master of Business Administration (MBA) is a graduate degree program developed for professionals who want to improve their business abilities and knowledge while keeping their schedules flexible. Unlike traditional MBA programs, which often require in-person attendance in classrooms, online MBAs include a curriculum that may be performed remotely using virtual platforms.
- The duration of an online MBA program is 2 years.
- The average fee range of an online MBA lies between INR 1 lakh to INR 3 lakh
- The eligibility criteria for the online MBA are students with a recognized Bachelor’s degree in any stream and at least 50% aggregate marks.
- Some universities take entrance exams.
- This degree is approved by the UGC-DEB for being offered in the fully online learning mode.
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Benefits of Pursuing an Online MBA:
- Flexibility: One of the most significant advantages of taking MBA courses online is the freedom it provides–flexible timetables, no obligatory attendance, a flexible test schedule, recorded class lectures, live interactions, and so on.
- Affordability: Online MBA programs provide the same educational experience as traditional MBA programs at a lower cost–while normal MBA programs can cost anywhere from INR 10 to 30 lakhs, online MBA programs at top schools cost between INR 1-3 lakhs.
- Validation as a Regular MBA: One of the most common concerns among students regarding an online MBA is its legitimacy and recognition in comparison to a traditional MBA program. Rest assured, the UGC-DEB (the UGC’s online and distance learning section) has accorded an online MBA the same status as a traditional MBA course.
- Experienced Faculty: The flexibility of studying and remote learning in an online MBA allows a candidate to complete their degree while balancing their job obligations. This allows the candidate to add not only the highly sought-after MBA qualification to their resume but also 2 years of professional experience in the same time frame.
- Networking & Career Growth: After finishing an online MBA also provides professional experience and grooming, the candidate’s employment chances are significantly improved. With the placement assistance provided by most online institutions, individuals can secure lucrative career prospects immediately after completing their degree.
Top Specializations in Online MBA
Choosing the right specialization that matches your interests and aptitude has the potential of transforming your career trajectory and academic experience. In the case of an online MBA, there are a vast number of choices from which you get to select your specialization of choice. Enlisted here are some of the most popular specializations in an online MBA degree:
| Marketing Management | Hospitality Management |
| Finance Management | Production Management |
| Human Resource Management | Fintech Management |
| Operations Management | Energy Management |
| Projects Management | HR Analytics Management |
| Logistics & Supply Chain Management | Artificial Intelligence & Machine Learning (AI & ML) |
| IT Management | Export & Import Management |
| Business Analytics | Customer Relationship Management |
| Data Science | Generative AI Management |
| International Business Management | Real Estate Management |
| Healthcare Management | Management Information System (MIS) |
| Retail Management | Strategic Management |
| Entrepreneurship & Leadership |
Best Colleges to Consider for Online MBA
In the domain of online education, a number of forerunners in the private and public sectors are coming up, which provide a comprehensive and all-round educational experience to students. Some of the prominent UGC-DEB institutions offering the course have been enlisted here:
| IIM Raipur | Amity University |
| IIM Ranchi | Jain University |
| Chandigarh University | Manipal University |
| Manav Rachna University | Amrita Vishwa Vidyapeetham |
| Bharathidasan University | SASTRA University |
| Lovely Professional University (LPU) | Andhra University |
| Vivekananda Global University | BIMTech Online |
| Symbiosis Centre for Distance Learning (SCDL) |
Admission Process
- Go to the official university website.
- Register as a new user and fill the application form with student details..
- Submit the required documents, application form, and registration charges.
- Submit your tuition fee using one of the payment methods listed in the website, which usually includes online banking, UPI payments etc.
- Finally, you will get a confirmation message with the student enrollment number.
Course Duration
The minimum duration of the Online MBA is 2 years and the maximum duration is 4 years. Candidates are given an additional 2 years to pass all exams related to their courses. The program consists of 4 separate semesters of 6 months each.
Eligibility
Anyone who wants to complete their education is eligible to enroll in the online MBA program. To enter this program, some universities hold entrance exams, while others offer direct admission based on eligibility. Candidates with 2-3 years of work experience in the relevant field will be preferred. The main criterion for application is to complete your undergraduate education at an accredited university.
Program Fee
The program fee for an online MBA degree depends on the university a student is enrolling in. The average academic fee for online MBA from government college/university ranges from 30,000/- INR to 80,000/- INR approximately, and the average academic fee for online MBA from private college/university ranges from 2,00,000/- INR to 3,00,000/- INR approximately.
Job Opportunities or Roles After Online MBA
| Marketing research | Digital Marketing Manager |
| Equity Research Analyst | Account Manager |
| Management Consultant | Sales Manager |
| Brand Manager | HR Manager |
How to Select the Right Online University for an MBA Course?
- You will get opportunities only for UGC-DEB-approved universities on Our College vidya Education Portal websites.
- College vidya is Provide free advice and select the best university for online courses.
- College Vidya Services are free and completely reliable.
- we are offer financial aid in the form of Tuition discounts, student loans, and other options..
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Conclusion
The online MBA program has rapidly emerged as one of the most appealing higher educational choices for students and working professionals owing to its high degree of flexibility, affordable fee range as well as host of student services. Following the mainstreaming of online education in India, many eminent institutions and universities have started offering a UGC-DEB accredited online MBA program for students to pursue, democratizing access to quality educational resources for larger number of students.
Frequently Asked Questions (FAQ’s)
⭐ What is an online MBA?
An online MBA is a master’s degree program made for people who are employed and want to pursue higher education in management while continuing their jobs.
⭐ What is the benefit of pursuing an online MBA?
With the help of online education students can manage and create a balance between their education and other commitments, because they get to study at their own pace.
⭐ What is the eligibility for admission to an online MBA?
A student must have completed their bachelor’s degree and should have 2 to 3 years of experience in a relevant field to get admission in an online MBA program.
⭐ What is the course duration of an online MBA?
The time taken to complete an online MBA is 2 years or 4 semesters of six months each, additionally two years are given to students to pass all exams, so the maximum period is 4 years.
⭐ What are the specializations available in online MBA?
In online MBA multiple specializations are available such as – Human Resource, Finance, Marketing, Operations Management, Retail, Business Analytics, Supply Chain Management, etc.
