Is Online MBA Worth It?

Master of Business Administration is a two-year postgraduate course that covers advanced aspects of management, finance, marketing, human resource, operations and strategy. MBA teaches various skills that help students in becoming leaders and decision makers for the posts in corporate firms, consultancy firms, banks, startups and government departments. MBA is among the top preference of the graduates who wish to get into the managerial post or enter new industries. Below are some of the common subjects taught in MBA program:

Commonly Studied Subjects

• Principles of Management
• Financial Management
• Marketing Management
• Human Resource Management
• Business Analytics
• Operations Management
• Organisational Behaviour
• Business Strategy
• Economics for Managers
• Business Communication

An Online MBA would be worth it for individuals looking for career advancement, flexibility and a management degree without stopping the flow of income. The Online MBA program is highly beneficial for the working professionals in finance, marketing, operations, IT, sales and consultancy who seek a transition into managerial positions. Find below reasons why Online MBA would be worth it:

• Flexibility in education while earning through work

• Lower tuition fees than most on-campus MBA programs

• No moving or hostelling expenses

• Practical specialisation options such as Analytics, Finance, and Marketing

• Relevant to the recruiters in case the degree is obtained from a UGC-DEB authorized university

• Useful for career advancements, career shifts and entrepreneurship

• Study from anywhere where there is an internet connection

There has been an immense increase in the number of Online MBA programs in the past few years. The professionals require an educational qualification which can fit in with their job and not vice versa; therefore, universities have upgraded their digital learning platforms. Students can now achieve a recognized postgraduate management degree without having to move from their place of residence or their professional career. Refer to the reasons mentioned below for the increasing demand:

The advantages of Online MBA Degree include many more things than just flexibility. With the help of an online MBA, one gets to learn practical business knowledge which is extremely helpful in today’s tough employment market. Below are the advantages of pursuing Online MBA degree:

1. Flexible Learning Students can attend live sessions or watch recorded lectures at a time that suits them.

2. Study While Working Working professionals can complete an Online MBA without taking a career break or resigning from their job.

3. Affordable Education Students save on expenses such as:

• Hostel fees
• Transportation
• Relocation costs
• Daily commuting

4. Industry-Relevant Curriculum The programme covers subjects useful in the current business environment, including finance, marketing, HR, analytics, and operations.

5. Access to Digital Learning Resources Students receive access to:

• Live online classes
• Recorded lectures
• E-books and case studies
• Discussion forums
• Online assignments and LMS

6. Foundation for Career Growth An Online MBA degree helps students prepare for:

• Promotions and leadership roles
• Career switches into management
• Entrepreneurship
• Further studies such as a Ph.D. or executive certifications

Online MBA program or traditional MBA program is based on the level of education that one is at, working conditions, and study habits. Although both programs deal with the same fundamental aspects of management studies, there are some differences that need to be considered. See the comparison table of Online MBA and traditional MBA below:

An Online MBA program can assist students in developing their managerial skills and gaining career benefits. Prior to getting admitted into such a program, ensure that you verify everything from university to career options.

An online MBA program is ideal for individuals who would like to earn a management degree while still continuing with their career and business. This is best suited for individuals who wish to obtain specialisation in business, finance, marketing or leadership without having to attend classes.

MBA specializations online will cover varied aspects of business management. Students will be able to pick an area that is based on their personal preference and the career path they wish to take in the future.

There are many career opportunities that await you after you complete your Online MBA. You can either join the private or public sector, or even start something on your own. See table given below for career opportunities after Completing Online MBA:

Online MBA eligibility criteria for pursuing an program are almost alike at all UGC-DEB eligible universities. Individuals having a bachelor’s degree from any recognized university, mostly having a minimum of 50% marks, can apply. Many universities even consider work experience as an additional criterion. It is advised that students should visit the official website of that particular university before applying. Check below the table for Online MBA eligibility criteria:

Several universities offer Online MBA programmes with different specialisations, fees, learning support, and career services. Students should compare these factors along with UGC-DEB entitlement and NAAC accreditation before selecting a university. The table below lists some top universities for an Online MBA.