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Online MBA Course: Top Universities, Fee, Eligibility, Specializations, Salary Trends and Job Opportunities

What is an Online MBA Course?

The Masters in Business Administration online degree program commonly known as Online MBA courses are one of the most preferred courses among students nowadays. It is a 2-year postgraduate degree program that lasts a maximum of 4 years. Online MBA programs offer numerous advantages such as a flexible learning environment, affordable fee structure, and easy access to the learning materials without hampering the quality of the content.

The course provides thorough knowledge about business administration and management while managing other responsibilities and financial commitments. Online MBA for Working Professionals is the best option to reshape their career and have growth in their career prospect. Apart from regular modes of education, Online MBA Executive and Distance Learning MBA are the most popular modes to accomplish this professional degree program. Scroll down to learn more about Online MBA colleges in India, Online MBA Fees, salary trends, and more!

Online MBA Course: Eligibility, Fees & Duration

Online MBA courses are designed to be accessible, flexible, and tailored for working professionals. The minimum eligibility criteria, duration of the course, and fee structure for an Online MBA admission are given below:

Online MBA Degree - Eligibility

Graduates from all fields such as Arts, Commerce, and Science are welcome to enroll in the Online MBA program. While many universities require standardized entrance exams such as CAT, MAT, ATMA, GMAT, or XAT, others may offer admission based on merit. The primary eligibility criterion is the completion of a bachelor’s degree/ B.com from a recognized institution with a minimum aggregate score of 45-50%. Check if your university is UGC approved or not.

Online MBA Degree – Duration

The duration of the Distance Learning MBA program ranges from a minimum of two years to a maximum of four or Five years. The curriculum is structured into four semesters. This flexible timeline allows you to balance your studies with professional and personal commitments.

Online MBA Degree – Fee Structure

An Online MBA program fee can vary significantly depending on the institution's reputation and facilities. Typically, the cost of an Online MBA ranges from INR 30,000 to INR 3,00,000. It’s advisable to research the best university for online MBA that aligns with your budget and academic goals.

To know more about online MBA courses, get in touch with Education Mitra and explore free counseling services.

Significance of Online MBA and Distance MBA in Jobs

After graduation, enrolling in an online MBA course may be worthwhile for many individuals and working professionals, but it all depends on several factors. An online distance learning MBA program can offer a variety of advantages, including better leadership abilities, a broader professional network, and more career opportunities. Let’s explore the significance of Masters in Business Administration online degree programs and Distance MBA individually.

Significance of Online MBA for Working Professionals in Job

An Online MBA course is a game-changer for working professionals looking to advance their careers without putting their jobs on hold. It offers the flexibility to balance work, studies, and personal life while gaining vital business and leadership skills. In today's competitive job market, an MBA can set you apart by showcasing your ability to handle complex business challenges, lead teams, and make data-driven decisions. With more companies valuing continuous learning, an Online MBA can unlock new opportunities, increase your earning potential, and fast-track your career growth without disrupting your professional life.

Significance of Distance Learning MBA for Working Professionals in Job

With a distance learning MBA, working professionals can develop their careers and upskill while still meeting their workplace obligations. Unlike traditional programs, it allows learners to study at their own speed, making it easier to juggle employment, education, and personal responsibilities.

A distance MBA allows you to develop vital leadership abilities, a global perspective, and crucial business insights without having to leave your current position in an era where digital solutions and remote work are becoming the standard. Professionals who want to explore new industries, advance into leadership roles, or improve their career prospects while still making money in their existing roles may choose this type of MBA.

Top UGC-Approved Online MBA Universities

By seeing the rapid growth in online and distance learners, many well-known educational institutes offer online MBA courses along with numerous UG, PG, and diplomas. To refine your searches, we have mentioned some of the best university for online MBA below:

Top MBA Universities
Best Distance Online MBA University/College Name MBA Online Courses Fees (INR) Eligibility Online MBA Admission 2024-2025 More Information Download Brochure
Swami Vivekanand Subharti University Meerut 48,000 Graduation in Any Stream along with 50% marks Last date 30 June 2024 (Tentative)
LPUDE Jalandhar 54,000 Graduation in Any Stream from Government approved university Open from March 2024
Suresh Gyan Vihar University 40,000 Graduation in Any Stream along with 50% marks Open till the availability of seats (Closing Soon)
Chandigarh University Online 70,000 Graduation in Any Stream from Government approved university Open for Now
D.Y Patil EDU 80,000 Graduation in Any Stream from Government approved university Open till the availability of seats (Closing Soon)
KIIT 80,000 Graduation in Any Stream from Government approved university Open till the availability of seats (Closing Soon)
Annamalai University Distance Education 13,550 Graduation in Any Stream from Government approved university Dec- Jan 2024-25 (Tentative)
SRM Online 47,250 Graduation in Any Stream from Government approved university Last date 22 June 2024
IGNOU New Delhi 62,000 Graduation in Any Stream from Government approved university Last date 30 June 2024

Do not forget to compare universities before taking admission as it allows you to make an informed decision about your educational journey. When comparing universities, you can look at things like admissions, programs, faculty, rankings, reputation, resources, facilities, alumni, and finances.

Online MBA Admission Process

Every college or university has its own admission process for online MBA programs. However, there are some common steps that most colleges follow:

Step 1: Visit the official website of the desired college or university.

Step 2: Fill in the primary details such as name, email ID, contact number, etc. to register and generate OTP.

Step 3: Once you have a username and password, login again and fill in the personal and academic details.

Step 4: After submitting the personal details, you are requested to submit the necessary documents.

Step 5: Pay the registration/ entrance exam fee via various payment methods mentioned on the website.

Step 6: Save the pay slip, you will receive a confirmation mail from the university soon and sometimes a call.

To experience a hassle-free admission process, get personalized guidance from the team of experts!

Top In-Demand Online MBA Specializations for 2024 and Beyond

An online MBA program allows for the development of mastery in a variety of subjects to perform better in a particular sector or business, which leads to additional chances and professional advancement in the corporate world. The following are a few of the specializations that are enlisted as online top-ranked MBA degree programs.:

Online MBA in Marketing Management Online MBA in E-commerce Marketing & Management
Online MBA in Digital Marketing Online MBA in International Marketing
Online MBA in Investment Banking & Wealth Management Online MBA in Strategic Management
Online MBA in Business Leadership Online MBA in Entrepreneurship
Online MBA in Foreign Trade & Global Business Management Online MBA in Insurance & Risk Management
Online MBA in Banking Management Online MBA in Branding & Advertising
Online MBA in Project Leadership & Management Online MBA in Business Analytics & Intelligence
Online MBA in Media Management & Entertainment Management Online MBA in Human Resource Management Operations & Production Management
Online MBA in Supply Chain Management Online MBA in Mass Communication
Online MBA in Finance Management Online MBA in Healthcare Management
Online MBA in Financial Planning & Analysis Online MBA in Information Technology

Why To Choose Online MBA Course

An online MBA can provide a competitive edge in the job market and open doors to higher-level positions and increased earning potential. Apart from the flexibility, easy accessibility, affordability, and skill building, the graduates of the course have better job opportunities and career prospects as compared to other fields.

Job Opportunities For MBA Graduates

Based on their areas of specialization, online MBA graduates can expect the jobs of marketing executive, financial advisor, pharmaceutical manager, sales executive or manager, marketing manager, research and development manager, operations manager, human resources executive or manager, public relations executive, and team builder to pay the highest salaries and advance careers the fastest.

Average Salary Trends For Online MBA Graduates

An MBA candidate might anticipate earning more money than one with a typical postgraduate degree. According to PayScale, the average salary for an MBA holder in India is Rs 8,44,000 per year.

Top Hiring Firms for MBA Graduates

  • HCL
  • Finolex Cables
  • Apollo Hospitals
  • L&T
  • Manhattan Associates
  • WNS Global Services
  • Shoppers Stop
  • Maruti Suzuki
  • FashionandYou.com
  • Hindustan Unilever

Online and Distance learning MBA courses encompass a broad spectrum of business subjects and provide expertise in domains including operations, marketing, finance, and strategy. To promote communication and teamwork, the programs frequently make use of virtual learning tools and technologies. The best online MBA courses can improve possibilities for employment, foster the growth of leadership abilities, and offer chances for promotion across a range of industries.

FAQ's

Despite the fact that online distance MBA programmes are typically less expensive than those offered on campus. If you don't have enough money, financing your online MBA typically involves taking out loans. You may be able to get a loan from a bank or a provider of student loans like Prodigy Finance.

The online MBA curriculum is one of the most popular programmes for people with work commitments who are unable to attend lectures in person. Students who are enrolled in the online MBA degree have the chance to make a solid living. Additionally, it permits freedom of movement and accessibility.

After completing an online MBA programme, you will be able to make an average salary of INR 4-6 lac per year.

Yes, the learner has the opportunity to learn from the covered syllabus at their own pace.

TCS used to not consider online education, but they now do for certain university degrees that have the necessary distance learning certificates.

A degree earned through online learning is acceptable for employment with MNCs. However, the majority of global corporations in India do not take that into account. Along with your credentials, many companies value your work and expertise. not regardless of whether you received your education in person or online.

The placement outcomes of online distance MBA programs can vary depending on several factors, including the reputation of the institution, the quality of the program, industry connections, and the individual's skills and experience. Some reputed institutions offering online distance MBA programs with good placement records include:
1.Suresh Gyan Vihar University
2.Lovely Professional University
3.Swami Vivekanand Subharti University
4.Amity Online
5.ICFAI
6.Manipal Online