Online MBA is a two-year postgraduate management degree program for working professionals or remotely located students who want to earn management skills without leaving their jobs or locations. It is gaining popularity due to its flexibility and convenient mode of learning. Students can access the online study material to learn anywhere anytime.
Though the program is online, some institutes still conduct a Personal Contact Program (PCP) or workshops at their campus for a limited time. The online MBA provides a relevant and career-focused curriculum that elevates the learner’s decision-making in the personal and professional arena.
Most of the B-Schools in India offer online MBAs including several IIMs. The affordable degree gained through the online MBA leads to career enhancement for middle-level and senior managers. Admission to the online MBA degree program is based on the score gained in CAT/MAT/XAT/SNAP. Some colleges conduct their entrance exam, followed by group discussions and personal interviews.
Online MBA: Highlights
Course Name | Online MBA |
Degree Level | Postgraduate Degree |
Entrance Exam | CAT, MAT, XAT, GMAT, or SNAP |
Course Duration | 2 Years |
Eligibility | Graduation with a minimum of 50% marks.Work experience of a minimum of 2 years. (for some programs) |
Fees | ₹ 50,000/- to ₹ 1,05,000/- per year |
Top Specialization | Marketing, Finance, Operations, HR, HAHM |
Top Colleges | Amity, DY Patil, Bharti Vidyapeeth, NMIMS, etc. |
How Does Online MBA Benefit Your Career?
Here are some benefits of the online degree program for your career:
- Flexibility: Online MBA allows learning and earning at the same time. The learners can access the online study material anytime and anywhere from their homes.
- Gaining Managerial Skills: The curriculum of online MBA is designed keeping in mind the requirements of working professionals. The course refines skills including decision-making, leadership, problem-solving approach, etc.
- Career Advancement: Postgraduate degree from a reputed college leads to increment and promotion boasting financial grounds and job security.
- Equivalency to Regular MBA Program: The online MBA degree program is equivalent to a regular MBA program and is valid for different types of jobs in various sectors across the country.
- ROI: Online MBA is affordable and requires the least investment. Therefore the course gives a higher ROI than a regular MBA program.
- Technological Knowledge: The course is delivered in online mode using the latest technology. Therefore the learners of the online program get acquainted with the latest technologies easily.
Who Can Register for an Online MBA?
To be eligible for the online MBA program the learners must have:
- A bachelor’s degree in any discipline from a recognized university with a minimum of 50% marks.
- A minimum working experience of 2 years is required in some colleges.
Know More on Key Factors to Consider When Choosing an Online MBA Program
Top 10 Online MBA Colleges In India
The list of the top 10 online MBA colleges in India are:
- IGNOU
- Amity University
- Symbiosis Centre of Distance Learning (SCDL)
- DY Patil Vidyapeeth Centre of Online Learning(DPU-COL)
- Chandigarh University
- XLRI- Jamshedpur
- Jain Online
- NMIMS Online
- Lovely Professional University
- Online Manipal
Admission Process for Online MBA Program
The step-by-step admission process for an online MBA program is as follows:
- Visit the official website of the college you want to apply for.
- Check the eligibility status and entrance exam they require for admission.
- Appear for CAT/MAT/XAT/SNAP or other entrance exams per the admission details.
- Fill out the online application form available on the website.
- Appear for the group discussion or personal interview scheduled by the college.
- Check the admission list issued by the authorities.
- Pay the applicable fees and submit the relevant documents for verification.
- The admission is confirmed after document verification
- Login credentials are provided to access the LMS or app.
Online MBA Specializations
The online MBA provides you with a wide range of choices to build your career in a particular field. To choose the options students must look at their interests, scope, career prospects, salary, etc. For working professionals, the choice is based on the skills they want to acquire in their current job roles to elevate their careers. Some of the top specializations offered for the online MBA degree are as follows:
- General Management
- Marketing
- Human Resource Management
- International Business
- Operations Management
- Information Technology
- Finance
- Digital Marketing
- Business Analytics
- Data Science
- Retail Management
- Project Management
- Supply Chain Management
- Entrepreneurship and Leadership
- Banking and Finance
- Hospital & Healthcare Management
- Quality Management
- Event Management
- International Finance
- E-Commerce
Online MBA Syllabus
The two-year online MBA program is divided into four semesters. The first two semesters cover the general management courses while the second year focuses on specialization studies. The topics covered in an online MBA degree program vary from fundamentals to specializations leading to earning the skills essential for the managerial level in the organization. The typical online MBA syllabus is given in the table below:
SEMESTER I | SEMESTER II |
Management Concept and Organizational BehaviorStatistics for ManagementManagerial EconomicsHuman Resources ManagementFinancial and Management AccountingBusiness Communication | Financial ManagementProduction and Operations ManagementInternational Business ManagementProject ManagementMarketing ManagementManagement Information System |
SEMESTER II | SEMESTER IV |
Research Methodology Legal Aspects of Business4 subjects are from the elective chosen for the online MBA program. | Strategic Management & Business PolicyProjects4 subjects are from the elective chosen for the online MBA program |
Online MBA from IIMs
Several IIMs offer online MBAs to foster management learning in senior-level management that can enhance their skills leading to career growth. To be eligible for the online MBA from IIMs the students must fulfill the following eligibility criteria:
- He should have a valid scorecard for the CAT exam.
- A valid score for the GRE is also sometimes acceptable.
- Shortlisted applicants are required to appear for the personal interview
- The final result will be based on the academic, professional, and interview performance.
List of IIMs offering Online MBA
Below you will find the list of the IIMs offering online MBA programs in different specializations:
Name of Institute | Course Name | Entrance Exam | Fees |
IIM A | Online MBA | CAT, GMAT, GRE, IAT | 20 Lakhs |
IIM Shillong | Executive MBA | CAT, GMAT | 10 Lakhs |
IIM Rohtak | EPGPEX | CAT, GMAT, GRE | 7 Lakhs |
IIM Kozhikode | EMBA | EMAT | 12 Lakhs |
Career Options After Online MBA
Online MBA opens the door to a plethora of job opportunities for working professionals and freshers. Most of the companies hire professionals with some professional degree. Here are some typical job profiles where you can apply after the completion of the online MBA degree program:
Job Profile | Salary |
Product Manager | 20 LPA to 22 LPA |
Marketing Manager | 10 LPA to 15 LPA |
Sales Manager | 7 LPA to 10 LPA |
Finance Manager | 15 LPA to 20 LPA |
HR Manager | 10 LPA to 15 LPA |
Brand Manager | 15 LPA to 18 LPA |
Healthcare Administrator | 7 LPA to 12 LPA |
Financial Analyst | 10 LPA to 12 LPA |
Operations Manager | 10 LPA to 15 LPA |
Conclusion
An MBA degree is one of the most prestigious degrees for a management student. The course opens a wide range of career options and advancement for working professionals. Seeking a regular MBA program can cost you a two-year break from your current job role while getting admission to an online MBA program will give you the relevant knowledge about the managerial degree without compromising the current job role. An online MBA degree from a UGC-recognised and AICTE-affiliated university is found beneficial by top companies and has become a boon to working professionals. Enroll in one of the top online MBA programs and earn your degree today.
Frequently Asked Questions
Is online MBA valid in India?
Answer: Yes, an online MBA from a reputed university recognised by UGC and affiliated with AICTE.
What is the average fee for an online MBA in India?
Answer: The average fee for an online MBA program in India lies between 50k to 20K. The fee varies from college to college and the choice of specialization.
Does an online MBA offer placement?
Answer: Most online MBA colleges organise virtual placement drives. They assist the students during the course and prepare them for interviews. The colleges also collaborate with the leading recruiting firms that offer opportunities to online learners.
Does an online MBA need an entrance exam?
Answer: Some colleges consider the valid scorecard of the MBA entrance exam such as CAT, MAT, XAT, GMAT, or GRE while others take their college test. However, some colleges give admission based on academic qualifications and experience.