-by Online MBA (Master of Business Administration) is a two-year online degree program for distance learners. Online courses are becoming popular and ranking among the most sought-after courses for professionals. Seeing the increasing trend most colleges are now offering online degree programs but choosing the right kind of course and college is important.
The institutes which are UGC & AICTE approved are popular and recommended for pursuing the degree program. The key advantage of the online degree program is that it offers trending specializations aligned with the dynamic business industry and gives you an in-depth knowledge of the business. Furthermore, admission to these programs is based on entrance exams such as the Common Admission Test (CAT), Xavier Aptitude Test (XAT), Common Management Admission Test (CMAT), Management Aptitude Test (MAT), Symbiosis National Aptitude Test (SNAP), etc.
Online MBA: Highlights
| Particulars | Details |
| Name of Program | MBA |
| Level | Postgraduate |
| Duration | Two-year |
| Eligibility | Graduation with 50% marks |
| Entrance Exam | CAT, MAT, XAT, NMAT, SNAP, CMAT, etc. |
| Pedagogy | Live interactive online classes |
| Fees | 2- 10 lakhs |
| Average Salary | 8-10 LPA |
| Top Universities | IIM Ahmedabad, IIM Raipur, Amity Online, Manipal Online, Jain Online, DY Patil Online, LPU Online, etc. |
Why Online MBA Courses Gaining Popularity?
The courses are gaining popularity due to the following reasons:
- Flexibility in Learning: Students in online MBA programs can study at their own speed and on their own time, which is ideal for people having chaotic personal and professional lives.
- Cost-Effectiveness: The program is less expensive than on-campus programs. Additionally, students save on commuting, housing, and other on-campus costs.
- Technological Advancements: Modern online learning systems offer interactive and engaging educational experiences, such as video lectures, discussion forums, and virtual group projects.
Digital libraries, simulations, and online databases give students a wealth of materials to help them study more effectively.
- Networking Opportunities: Students interact with peers, instructors, and professionals from all around the world, broadening their professional network and exposing them to new ideas. Many online programs have robust alumni networks that provide ongoing support and professional opportunities.
- Career Advancement: Online MBA programs provide students with advanced business skills and knowledge, preparing them for leadership roles. Professionals may apply what they learn in real time to their present position, which benefits both their employer and their career growth.
Who Should Enroll For The Online MBA Program?
The following students can apply for the online MBA program:
- Students who scored lower marks in entrance exams such as CAT, MAT, XAT, NMAT, etc. can apply for the program to pursue their dreams.
- Working professionals who want career advancement by upskilling their managerial knowledge.
- Students who are not able to pursue regular college due to personal constraints.
- Students who want to do higher studies but are located in rural areas.
- There is no minimum age requirement for an online MBA program.
What is the Eligibility for Pursuing an Online MBA?
To be eligible for the program a candidate must have the following qualifications:
- A graduation degree with a minimum of 50% marks for the general category and 45% for the reserved category from a recognised university.
- A valid scorecard of the aptitude tests such as CAT, MAT, XAT, NMAT, GMAT, and so on.
- A candidate should have a minimum experience of 2 years after graduation.
What is the Online MBA Course Duration?
The course duration of an online MBA is 2 years. However, the registration is valid for 4 years. There are four semesters and six
months each.
Top Online MBA Specializations in 2024
The trending specializations of MBA in 2024 are listed below:
- Finance Management
- Marketing Management
- Human Resource Management
- Operation Management
- Information Technology
- Production Management
- Retail Management
- Digital Marketing
- Healthcare & Hospital Administration
- Blockchain
- Artificial Intelligence and Machine Learning
- Agribusiness Management
How to Get Admission to the Online MBA Degree Program?
The step-by-step process for admission to the online MBA degree program is as follows:
- Visit the official website of the university you want to apply to.
- Check your eligibility status for the MBA program.
- Register yourself by filling out the application form.
- Upload all the required documents in scanned copies and photos in the prescribed format.
- Pay the online fees for the program you have applied for.
- Check the progress of your application.
- The university or college will send a confirmation mail for admission once the documents are verified.
Top Online MBA Colleges in India: 2024
Online MBA from IIMs
IIMs are the top management colleges in India. Some IIMs offer online MBA programs for working professionals so that they can complete their management degree. The minimum requirement for application to these colleges is three years of work experience after graduation. The table below shows the IIMs and entrance requirements.
| Name of College | Entrance Exam |
| IIM Ahmedabad | CAT/GMAT/GRE/IAT + Personal Interview |
| IIM Kozhikode | EMAT + Personal Interview |
| IIM Shillong | CMAT/GMAT + Personal Interview |
| IIM Raipur | CMAT/GMAT/GRE + Personal Interview |
| IIM Rohtak | CMAt/GMAT + Personal interview |
Top Private Online MBA Colleges in India
More than 50 private colleges nationwide offer online MBAs to working professionals and distance learners. These courses are UGC-DEB approved and help in career advancement. The list of colleges offering online MBA degrees is as follows:
- Indira Gandhi National Open University, Delhi.
- Symbiosis Centre for Distance Learning, Pune.
- DY Patil Centre for Online Learning, Pune.
- Bharthi Vidya Peeth, Pune.
- Chandigarh University
- Lovely Professional University
- MIT, Pune
- Amity University, Noida
- Jaipur National University
- Management Development Institute, Gurgaon
- Indian Institute of Foreign Trade, Delhi
- NMIMS, Mumbai
- Jamia Millia Islamia University, Delhi
Career Opportunities After Online MBA
Online MBA degree and regular MBA degree are equivalent. Therefore, an online MBA degree offers immense career opportunities to the learners. Management and business administration are integral to any business and only run with proper management. Some of the career opportunities after completion of MBA degree are as follows:
| Job Role | Specialization | Salary Package (LPA) |
| Product Manager | Product Management | 21 LPA |
| Financial Analyst | Finance Management | 6 – 8 LPA |
| Marketing Manager | Marketing Management | 10-12 LPA |
| Operations Manager | Operation Management | 10- 12 LPA |
| HR Manager | Human Resource Management | 12- 14 LPA |
| Healthcare Administrator | Health Care Management | 6 – 8 LPA |
| Business Analyst | Finance Management | 5 – 7 LPA |
| Investment Banker | Finance Management | 15- 17 LPA |
| Supply Chain Manager | Supply Chain Management | 20 – 22 LPA |
| Clinical Research Manager | Health Care Management | 10- 12 LPA |
| Risk Manager | Finance Management | 6- 8 LPA |
Conclusion
Traditional MBAs have long been popular among students and professionals, and online MBAs have grown in popularity because they overcome many of the restrictions of regular MBAs. Nowadays, most employers see online MBA degrees as valid and equivalent to any other traditional MBA degree. This master’s degree in business administration is a better option in 2024 since it does not need relocation and is less expensive.
Frequently Asked Questions
What is the entrance exam for MBA in 2024?
Answer: Some colleges offer admission to the online MBA based on entrance exams such as CAT, MAT, GMAT, GRE, and so on. However, some institutes provide admission based on their university’s entrance exam, such as Symbiosis taking the SNAP test for admission to the online MBA program.
Who is eligible for the MBA entrance exam?
Answer: A candidate who has passed graduation with a minimum of 50% marks and two years of work experience can appear for the MBA entrance exam.
Is CAT compulsory for an MBA?
Answer: No, CAT is not compulsory for admission to the MBA colleges. Students can get admission to the MBA program with other entrance exams such as MAT, GMAT, NMAT, or XAT. Some institutions conducted their entrance exams for admission to the MBA program.
What are the steps for the online MBA Admission process in 2024?
Answer: To get admission to the online MBA program a candidate must apply for the MBA entrance exam such as CAT/MAT/NMAT/GMAT/XAT. A valid scorecard is required for admission to the online learning program. Next, they should visit the college website fill out the application process and pay the online fees. The admission will be confirmed after the verification of the documents
How to choose the best colleges offering Online MBA?
Answer: Look for the college that is UGC and AICTE-approved. Shortlist the colleges based on the ranking, fees, admission, cut-offs, placement, etc. and find the perfect match according to your requirements.
Why is Online MBA gaining popularity?
Answer: Online MBA is gaining popularity due to its flexibility, cost-effectiveness, interactive sources of learning accessible anywhere, anytime, global networking opportunities, career advancement, and worldwide recognition.
Is an online MBA Worth it?
Answer: An online MBA degree from a reputed university approved by UGC and AICTE is equivalent to the regular MBA program. The degree is valid for application to the govt. and private sector jobs.
