Online MBA: Course Details, Eligibility, Admission, Fees

Roumik Roy

Online MBA course is a two-year online postgraduate course that deals with the study of the evolving business landscape and its various aspects such as finance, operations, marketing, and strategy. The course is conducted in complete online mode and offers various benefits for working professionals such as cost-effective learning, diverse networking opportunities, flexibility, etc.

Online MBA Admission requires students to have a minimum of 45-50% in their bachelor's degree. As per the college requirement, the candidate also needs to clear the entrance exams such as Manipal University Jaipur Online Aptitude Test, OPEN MAT, etc. The average Online MBA Fees ranges between INR 50,000-4 LPA.

About Online MBA Course

Online Master of Business Administration courses make education more accessible to students through virtual classrooms for individuals who are not able to attend on-campus classes due to work commitments, financial constraints, etc. The course can be pursued from top accredited colleges like Amity University, LPU, UPES, etc. The Online MBA duration is two years. 

The Online MBA curriculum imparts knowledge about core subjects like supply chain management, IT fundamentals, business law, global business, etc., that help students build their careers in various fields as per their specializations such as the IT sector, healthcare management, international business, etc. The average salary of an Online MBA graduate is in the range of INR 4 -7 LPA (Source: Payscale).

Online MBA Eligibility Criteria

For MBA Online admissions, the students need to ensure that they fulfill all the essential eligibility criteria as set by colleges and universities. Below listed is the standard Online MBA eligibility criteria:

• Candidates should complete a bachelor's degree in BBA, BCom, BA, or any equivalent degree from any recognized university with a minimum of 45-50% for unreserved category and 40-35% for SC/ST/OBC category students. 
• Admission to the course is usually done on a merit basis but few colleges also accept the score of MAT or conduct their own entrance exam such as OPEN MAT for IGNOU.
• The cut-off for the OPEN MAT exam for general category students lies between 61-80 marks, depending on the paper difficulty level.
• Few colleges also have additional criteria that a candidate should have a relevant work experience of 1-3 years.
• There is no upper age limit to enroll in the course.

Why Choose an Online MBA Course?

The Online MBA courses can fetch the graduates a gratifying and successful career path as the course is a very industry-relevant and specialized degree. Below listed is a detailed analysis of why one should choose an online MBA course:

• The course offers a diverse range of job opportunities in various roles such as Manager, Marketing Manager, Financial Analyst, SAP Consultant, etc.
• As per the graduate management cycle recently there has been an increase of 57% in enrollment in online MBA degree since COVID.
• As per the Bureau of Labor Statistics, the demand for MBA graduates is projected to grow by 17% between the year 2016-26.
• The course offers the opportunity for students to excel in various specializations such as HR, Operations, Digital Marketing, Finance, etc.

Read More: Online MBA Jobs and Scope

Online MBA Admission 2023

The Online MBA admission requirements have both direct admission and entrance exams such as OPEN MAT. Colleges such as Parul University, Amity University, etc., offer direct admission to the course. Mentioned below are some of the steps that the students should follow to gain admission to a college of their choice:

• Step 1: As per the college requirement the candidate needs to clear the required cut-off marks in the entrance exam accepted by them.
• Step 2: Further the candidate needs to fill out the application form for colleges available either online or offline.
• Step 3: The candidate after fulfilling the above criteria is called for GD or Personal Interview rounds if required by the college.
• Step 4: After the merit list is published the candidate needs to pay the course fees and submit the relevant documents.

Read More on MBA Admission

Popular Entrance Exams for Online MBA Courses

For admission to online MBA courses colleges accept entrance exam scores conducted at both the college and national level such as MAT. Some of the most popular Online MBA entrance exams accepted by colleges are:

Top Online MBA Colleges in India with Fee Details

Many accredited institutes in India provide students with online MBA education such as Amity University, Jain Online University, etc. In addition, these colleges have the faculty and infrastructure to provide students with the knowledge and experience of gaining an MBA degree online. Below is the list of the best Online MBA colleges/ institutes in the country:

Also, Check: Online MBA Fees in India

Amity Online MBA

The Amity University provides online MBA courses in various specializations such as marketing, operations, finance, etc. The university also offers students the opportunity to do industrial projects with top organizations like Panasonic, Genpact, Dabur, etc. Below mentioned are amity online MBA course details:

Jain University Online MBA

Jain University offers online MBA courses in both traditional and emerging specializations such as Integrated Marketing, Digital Finance, Retail Banking Operations, etc. Below listed are Jain University online MBA course details:

Symbiosis Online MBA

SIBM Pune is known for its MBA placements in HR and Marketing domains. Students can pursue an online MBA from Symbiosis Center for Online Learning (SCOL). Below mentioned are Symbiosis online MBA course details:

IGNOU Online MBA

IGNOU is one of the prominent colleges for online and distance education in India established in 1985. The admission to IGNOU for an online MBA is conducted in the January cycle and July cycle. Below mentioned are IGNOU online MBA course details:

Online MBA Courses

Online MBA courses are offered by various universities/colleges and e-learning platforms to facilitate students with leadership skills, problem-solving skills, and knowledge regarding recent trends in different industries as per the specializations. Below listed are online MBA courses based on specializations in colleges and certification courses provided by e-learning platforms:

Online MBA Specializations Offered in Colleges

The online MBA courses at top colleges in India are offered in various disciplines such as marketing, HRM, operations, digital marketing, etc. Below listed are details regarding online MBA specializations offered in colleges and the average course fees:

Online MBA Certification Course

There are various online MBA certification courses provided by e-learning platforms like Coursera, EDx, Udemy, etc. The courses are offered in a number of specializations such as data analytics, business analytics, marketing, etc. Below listed are details regarding online MBA certifications, platforms, and the average course fees:

Online MBA Syllabus and Subjects

The Online MBA focus in the first year focuses on understanding various aspects of management and its principles used in different industries. In the second year, students learn advanced concepts related to leadership development, business trends, and global business culture. The subjects vary as per the specialization chosen by the students in the third and fourth semesters.

Listed below are some of the online MBA subjects taught in the first year in detail:

Read More: Online MBA Syllabus and Subjects

Online MBA vs Distance MBA

Online MBA is fully functional through the internet from the course material to assignments, whereas distance MBA is flexible in terms of students can take a few classes offline and online. Given below is the difference between Online MBA and Distance MBA

Read More: Online MBA vs Distance MBA

Online MBA vs Regular MBA

Online MBA is conducted through digital platforms whereas a regular MBA is conducted in a physical classroom setting with other extracurricular activities. Given below is the difference between Online MBA and a Regular MBA

Read More: MBA

Online MBA Salary in India

According to PayScale, the average salary of an Online MBA course graduate is around INR 4 - 7 LPA (Source: Glassdoor). The graduates after 3-5 years of work experience can earn in the range of INR 10-20 LPA, depending on the specialization. Top companies like Reliance, Amazon, PepsiCo, etc., hire MBA graduates in a various range of job roles as given below:

Read More: Online MBA Salary

Courses After Online MBA

Upon completion of the Online MBA courses, the students can pursue various higher education and certification courses in their field to increase their job prospects and knowledge. Below is a list of courses that can be pursued after MBA online:

• PhD
• M.Phil
• EMBA
• Project Management Professional Certification Course
• Advanced Certification Course in Business Analytics

Career Options After Online Master of Business Administration Course

After completion of the Online MBA course, there are many job opportunities and roles available for freshers. The titles and nature of the role may differ according to the specialization that the students may decide to pursue. Some of the popular job roles that the graduates start with include:

Online MBA Scholarships

Students who want to do MBA courses in online mode get scholarships from various private and government colleges based on their marks and financial background. Below is a list of a few scholarships along with the eligibility and scholarship amount details:

Skills to Excel as an Online MBA Graduate

There are many skills that graduates who are pursuing an Online MBA course need to possess in order to ensure that they are successful in their careers. These skills are the combinations of hard and soft skills. Some of these skills include:

• Remote Work Proficiency: Online MBA graduates need to be proficient in using collaboration tools and other virtual project management tools.
• Networking: For Online MBA graduates to advance their careers and succeed in the virtual business world, networking abilities are crucial.
• Presentation Skills: For Online MBA graduates to effectively communicate their ideas, insights, and business plans in virtual environments, presentation skills are essential.
• Business Networking Skills: Business networking is crucial for Online MBA graduates since it enhances the development of professional relationships, provides access to new prospects, and promotes information sharing within the business community. 

Benefits of Getting an Online MBA

Online MBA is highly beneficial for individuals who are working professionals or are looking for cost-effective education. With the increase in demand for e-learning online courses are gaining popularity and are offering students with vast career opportunities. Below mentioned are the benefits of getting an online MBA course:

• Online MBA courses offer a greater amount of flexibility and convenience in terms of learning, as students can study at their own pace and schedule.
• The course also offers students to build their network as they connect with students all over the world or country.
• The Online MBA helps individuals in career advancements as colleges like Amity University offer students with placement assistance in top companies like Deloitte, BlackRock, HUL, etc.
• The online MBA courses are cost savers as compared to traditional MBA and students can also avail financial aid or scholarships from colleges.
• The online MBA also equips students with new technologies and tools used in E-learning such as virtual team projects, simulations, etc., which helps them in gaining practical experience.