Sounak Banerjee Associate Content Manager
Associate Content Manager
Top 5 Online MBA Courses are the most preferred choices of fresh graduates and working professionals because it is flexible and affordable. It provides candidates with a way to navigate better through the job market and find the best opportunities for themselves. The online MBA program generally follows the same MBA syllabus as a regular MBA program except for the teaching methodology. The lectures are given through digital notes and video conferencing with the students.
Online MBA courses are conducted in the part-time mode for a duration of 1 to 4 years in different MBA colleges. The MBA Eligibility criteria for Online MBA is graduation in any stream with a minimum of 50% marks, i.e., the same requirements as a regular /Full-Time MBA course. One of the most prominent reasons why students opt for an Online MBA is that the average fee of an online MBA course in India is low compared to the average MBA fees. A regular 2-year MBA course. The average fees range from INR 50,000 - INR 1,00,000 in most MBA colleges for online courses.
With the growing popularity of online MBA Courses, many Top MBA Colleges in India have also started online MBA courses, including the IIMs and other private B-Schools. After completing any of the top 5 Online MBA Courses, students can get into sectors like Banking, Railways, Teaching, Information Technology, Agriculture, Sports, Airlines, Healthcare, and more with an MBA Salary ranging from INR 4,00,000 to INR 5,00,000 per annum. Top MBA recruiters in India that offer jobs after MBA courses include Boston Consulting Group, TCS, Accenture, Amazon, HDFC, Microsoft, Ernst & Young, and many more.
Top 5 Online MBA Courses
| Program Name | College Name | Duration | Average Course Fees |
|---|---|---|---|
| Distance MBA | NMIMS Global | 2 years | INR 1,68,000 |
| Online MBA | Amity University, Noida | 2 years | INR 2,53,000 |
| PGDM HB | Welingkar Online | 2 years | INR 61,000 |
| Online MBA | National Institute of Business Management | 2 Years | INR 14,700 |
| Online MBA | Pondicherry University | 2 years | INR 24,925 |
Top 5 Online MBA Courses in India: Advantages
Since India is a developing country, there are tremendous job opportunities here. Pursuing an Online MBA course in India offers multiple career options, improves your professional skills and increases chances of recruitment in many top MNCs. Below given are some of the advantages of online MBA Courses.
- MBA graduates from top business schools in India like IIMs and IITs can earn an average salary as high as INR 20 LPA.
- An MBA degree can help you to reach the senior management levels, students can start their career from the mid-management level and have far better chances of escalating upwards to become a CEO, CFO, CIO, CTO, etc.
- There are various MBA Specialization programs in Online MBA courses that are increasingly being offered by top business schools around the world.
- Online MBA courses make the student become more receptive to changes in the world and better equipped with problem-solving tactics.
- This course involves projects, assignments and case studies which help students to practice and solve real-time real business problems while they pursue their management program.
- Graduates of an Online MBA can find job placements in various sectors like tech, retail, health care, pharma, education, non-profit, and other industries.
- They also learn skills such as problem-solving skills, critical thinking and logical analysis, leadership and managing teams throughout the online MBA course.
Post completing Online MBA courses, students can even opt for a full or partial scholarship for funding their MBA study abroad.
Top 5 Online MBA Courses in India: Admission Process
The admission criteria for online MBA courses may differ from one college to another.
- The aspirants need to clear the qualifying exams like CAT, MAT, GMAT, XAT with a scorecard that is not more than 2 years old at the time of applying for the course.
- Few colleges offering Online MBA courses also conduct their entrance examinations and give an added advantage to the candidates having work experience.
- Some of the institutes offer Online MBA Direct Admission on the basis of merit marks scored in their previous highest qualification. (Having work experience is an added advantage)
- Candidates need to apply for the Online MBA courses just like any other regular course application.
Top 5 Online MBA Courses in India: Eligibility Criteria
Candidates willing to opt for online MBA courses should meet the below-mentioned eligibility criteria:
- Education Qualification: The candidate should have a Bachelor's (UG) Degree in any discipline. Candidates in the final year of graduation are also eligible to apply for an Online MBA course. However, at the time of admission, candidates need to prove that their graduation course has been completed.
- Minimum Marks: Candidates belonging to the General category should have secured at least 50% marks and those belonging to the reserved category (OBC/SC/ST) should have secured at least 45% marks in graduation.
- Work Experience: Candidates having relevant work experience is an added advantage during the admission process.
- Age Limit: There are no age restrictions for Online MBA courses.
- Entrance Exam: Candidates need to qualify for the entrance examination conducted by the institute.
MBA Distance from NMIMS Global
- NMIMS offers distance MBA across five specializations.
- The course consists of 5 terms, with 5 modules each term. Term 1 and 2 are spent taking core modules, while Term 3 and 4 allow students to concentrate on their chosen specialization.
- Students carry out a Capstone project in term 5.
- A total of 58 credits are required to complete the course. These include 24 core modules and 12 elective modules, as well as a dissertation that is worth 4 credit courses.
- The average fee for the NMIMS Global Online MBA course is INR 144,000.
Online MBA from Amity Noida
- Online MBA from Amity is a two-year (4 semesters) program with a specialization in 12 areas and built-in projects to prepare students for prospective job opportunities.
- It is the first UGC-recognized online MBA program.
- It aims to help learners gain insights into all important concepts, practices, and trends in the subject area.
- The various specializations are Entrepreneurship & Leadership, Finance & Accounting, Human Resource Management, International Business, Insurance Management, Information Technology, Marketing and Sales, Hospital & HealthCare Management, etc.
- The average fee to pursue an Online MBA course from Amity Noida is INR 3,50,000.
- Students are provided recorded lectures by eminent faculty, explaining concepts and subjects to hold virtual class experiences for the learners.
- It also provides Virtual Job Fairs & Job Assistance to the enrolled students.
PGDM from Welingkar Online
- Welingkar offers an Online PGDM course of 2 years duration (4 semesters) in online mode with 18 subject specializations to choose from.
- Welingkar's Hybrid Learning Program (HB) has been recognized by the Distance Education Council (DEC), a body of the Central Government of India.
- Throughout the course, students study topics like Principles of Management, Financial Accounting, Human Resource Management, Marketing Principles, Managerial Economics, Elements Of Communication and Networking Skills, Legal Aspects of Business and many others.
- The average fee to pursue an online MBA course from Welingkar is INR 81,000.
- Admission can be done online as well as at the campus for online MBA admission.
Online MBA from NIBM
- NIBM offers an online MBA course that provides professional study and training designed for students and working professionals.
- This course takes the student through various major areas of mastering business and related fields.
- Students can apply online directly by filling out the online form and remitting the fee through our secured payment gateway.
- The average fee for Indian Students is INR 14,000 whereas for International Students it is USD 210.
MBA Distance Education Pondicherry University
- Pondicherry University offers an MBA program via the distance mode aiming to increase the employability and skill set of aspirants while providing a good theoretical base at the same time.
- It is offered in various specializations such as Marketing, Human Resources, Finance, and General and International Business.
- Students seeking admission can download the application from the official website and send it via post to the mentioned address.
- The average fee for the Online MBA course is INR 25,000.
Online MBA Courses Specializations
| Online MBA Colleges | Online MBA Specializations Offered |
|---|---|
| Amity University Online |
|
| Pondicherry University’s Directorate of Distance Education |
|
| National Institute of Business Management |
|
| Welingkar Online |
|
| NMIMS Global |
|
Online MBA Courses: Syllabus
Online MBA Courses in India have their own curriculum but it is more or less similar to that of the regular MBA Syllabus. All Online MBA programs aim to equip graduates with some working knowledge of business and specific core competencies that allow them to succeed in an organization.
Given below is a brief description of the subjects taught in the Online MBA courses and how MBA graduates can utilize their knowledge in the workplace.
- Financial Modeling: It helps students in analyzing financial statements; use quantitative models for financial decision-making; use Excel to forecast outcomes; conduct risk analysis, calculating the time value of money, cash flows, etc.
- Strategic marketing: It helps in Preparing profiles of target customers; conducting a needs assessment of target customers; preparing go-to-market strategies for products and services; developing data-driven pricing and promotional plans.
- Corporate communications: It helps to produce information in a way that is easy to understand by diverse business stakeholders; delivering the intended messages or instructions effectively using written, spoken, and mixed media.
- Organizational behavior: Establishing and developing productive relationships with colleagues and team members; leading cross-functional teams and managing subordinates; promoting the organization’s culture in an organization.
- Ethics and compliance: It teaches students to maintain regulatory compliance of projects; identify ethical issues and suggest solutions; mitigating risks by ensuring transparency.
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Online MBA Courses: Jobs Profiles
Online MBA course graduates have the scope of getting recruited in multiple job sectors, some of these are listed below in a table. Check: MBA Jobs
| Sectors for Job After Online MBA | |
|---|---|
| Operations | Project Management |
| Finance | Accounting |
| Technology Management | e-Business |
| Computer System | Global Management |
| Entrepreneurship | International Business |
| Human Resource | Healthcare |
| Securities/Investment Analyst | Financial Research Analyst |
| Financial Advisor | Real Estate |
| Portfolio Manager | Fashion Industry |
| Operations Research Analyst | Management Analyst |
| Information Security Analyst | HR Specialist |
| Credit Risk Management Analyst | HR Managers |
| ERP Consultants | Project Managers |
| Business Analyst | IT Manager |
| Business Development Manager | Cash Managers |
Online MBA: Top Recruiters
- Most Online MBA graduates are hired by MNCs. The job roles of Online MBA graduates are similar to that of a full-time MBA degree holder. However, there might be a slight difference in the salary structure of an online MBA holder as compared to a regular MBA degree holder.
- The salary of a fresh Online MBA graduate can be around INR 5 to INR 6 LPA, and working professionals with an Online MBA degree can expect a considerable increment in their salary based on the specialization chosen during the course.
Given below are some of the top recruiters for Online MBA graduates.
| Amazon | ITC Hotels |
| Croma | Philips India |
| Future Group | Raymonds |
| eBay | Grofers |
| HCL | HP |
| Puma | Flipkart |
| Reliance Jio | Taj Group of Hotels |
| NTPC | GSK Pharma |
| Nestle | Snapdeal |
| Blue Star | Canon |
| DHL | Havells Limited |
| Panasonic | Zomato |
Top 5 Online MBA Courses in India: FAQs
Ques. Does online MBA have any value?
Ans. There is more to the worth of an online MBA than money for the students. Research has shown that Online MBA students are more likely than full-time MBA students to be motivated by career advancement—a promotion or salary increase—rather than a disruptive career change. It also depends on the person acquiring the degree as well as their knowledge and skills towards the profession.
Ques. Is online MBA respected?
Ans. Yes, Online MBAs students who earn their degrees from accredited, reputable colleges will not only be well respected but well sought after by recruiting agencies and hiring managers.
Ques. Is online MBA easy?
Ans. It depends on the students pursuing the course. No doubt that Online MBAs are the easiest option for many Students Because of the advantages.
Ques. What is the average fee for the Online MBA program?
Ans. The average fee structure for an online MBA course is INR 1 lakh (approx).
Ques. Who should pursue an online MBA course?
Ans. An online MBA course is the most suitable option for graduate professionals having a few years of experience. To be precise, this course is fit for aspirants who are already working and want to earn a management degree along with the corporate career.
Ques. Can I do Online MBA at home?
Ans. Yes, the biggest advantage of an online MBA course is that students can pursue it from the comfort of their home and can give online exams.
Ques. Do the students receive books and other study materials after enrolling in an online MBA course?
Ans. Yes, the students receive books and other study materials after enrolling in the online MBA program along with the login credentials. They can log in to the online portal and access the notes, online recorded lectures, participate in the discussions, and so on. They can also learn through the PowerPoint presentations and solve mock test papers for exam preparations.
Ques. Can I pursue an Online Executive MBA?
Ans. Yes, Students must make sure that they are opting for it from a reputed and recognized Institute such as NMIMS, Symbiosis ,Welingkar etc.
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