Best Online MBA Programs in India: Benefits, Salary, Details

May 15, 2024
online mba in India

Quick Summary

  • MBA is one of the most helpful degree for securing a high salary corporate job.
  • There are various types of MBA domain’s including Marketing, Finance, Human Resource Management, Production and Operation Management.
  • In India, the average salary of MBA graduate lies between 7-12 LPA .

Table of Contents

Master of Business Administration (MBA) is one of the most sought-after degrees both in India and abroad. MBA provides unmatched insights about the business arena, marketing, HR, finance, or economics. Many people prefer going for an MBA after 2-3 years of work experience to get a career boost. But a regular MBA requires a commitment of 2 years. Online MBAs offer several benefits, especially for working professionals who want to upskill or become qualified. In this article, we will explore the benefits of online MBAs and learn how to find the best online MBA programs in India.

What is an Online MBA?

An online MBA, or Master of Business Administration, is a graduate degree program that focuses on various aspects of business management and administration. What distinguishes an online MBA from a traditional MBA program is the delivery method. Instead of attending classes on a physical campus, students complete their coursework remotely via the internet.

Difference Between Full-Time and Online MBA in India

Following are the major differences between a full-time and online MBA in India:

ParametersFull-Time MBAOnline MBA
CostThe cost depends on the university at which a student enrolls. But a full-time MBA is expensive and can cost Rs. 10 lakhs to Rs. 25 lakhs.Here also, the cost depends on the university. But an online MBA course is far more affordable than a full-time MBA. It can be completed for as little as Rs. 3 lakh.
FlexibilityA full-time MBA requires a commitment of 2 years at a stretch. Also, the student will have to relocate to the city of the college or university.Online MBAs offer flexibility as there is no on-campus education. The students don’t need to relocate as they are provided access to video lectures. This allows them to learn at their own pace. There can also be live classes.
PlacementMost MBA institutes offer placement services to their students. It can run into lakhs, and sometimes even crores.
Colleges offering online MBA courses also offer placement opportunities. Candidates can get a decent package through an online MBA. Working professionals can get a good hike in salary and designation after MBA.
NetworkingA full-time MBA offers great networking opportunities. Students can develop meaningful relationships during their MBA program.Online MBAs do not involve on-campus learning. But it does not mean zero networking. Students can develop relationships with people that join them virtually all across the country and globe.
SuitabilityIt is ideally suitable for students who just completed their graduation and are looking for post-graduation.This degree is ideally suitable for working professionals. They gain a great deal of value in addition to their professional attainments and degrees.

Different Types in Best Online MBA Programs in India

Many people are now willing to go for an online MBA in India. They should check out these best online MBA programs in India that are in demand:

1. Marketing

Marketing is how companies create brand awareness among customers. MBAs in marketing management allow students to learn various marketing strategies, advertising, and branding.

The knowledge and technique help in building a narrative around any particular product or service. It can be either through communications, storytelling, management skills, or understanding consumer behavior. As social media reigns, the dynamics of marketing are changing.

2. Finance

An MBA in Finance helps to obtain a deep understanding of various aspects of finance. This normally includes forecasting business trends, minimizing financial risks, maximizing profitability, managing capital investment, security analysis, international finance, etc.

It equips a student with the desired knowledge to perform financial roles in a company. The financial industry is going through rapid change since fin-tech came along. The demand for MBAs in finance is bound to increase.

3. Human Resource Management

It is all about managing people. An MBA in human resource management helps to learn and focus on hiring the right set of people for the required job roles. It helps by providing them with the necessary direction and guidance and managing them.

4. Production & Operation Management

An MBA in production and operation management helps learn about how to ensure speed, quality, and efficiency in the operations and production cells of the company. It consists of two aspects.

Production management provides deep insights into different production techniques. It enables one to produce the largest quantities of goods in the shortest possible time. In contrast, operations management teaches how to handle and make operations more efficient.

Why You Should Go For an Online MBA?

Following are some of the key reasons why one should go for an online MBA instead of a regular one:

  • Lower Cost: As stated earlier, an online MBA is far more affordable than a regular full-time MBA. A full-time MBA course is expensive and not everyone’s cup of tea. The lower fees allow most students and working professionals to adjust the cost together with their other financial commitments. Furthermore, candidates save a lot in terms of lodging, food, and commuting expenses, which are otherwise incurred in the case of a regular MBA.
  • Flexibility: Aspirants get much-needed flexibility with an online MBA. Balancing work and life, as well as an MBA, can be tough for most people. In such a case, an online MBA allows people to learn at their own pace.
  • Better Opportunities: Online MBAs are usually preferred by working professionals for better career opportunities. An MBA on their resume can not only increase their pay but also their designation. Further, they can get a good hike if they decide to switch jobs after completing their MBA. Many online MBA programs can also open the doors to global opportunities.
  • Networking: Campus networking might not be possible in the case of an online MBA. But it can surely allow students to network with peers across the country and the globe. And who knows when any opportunity knocks on the door because of networking with some of the most brilliant minds.
  • Personal Pursuits: It becomes easier to keep a side hustle with an online MBA. Along with the course, one can start their own business or startup, or even engage in content creation. MBAs do not get in the way of someone’s pursuits.

Top Colleges for Online MBA Courses India

In India, online MBA is in great demand among students and working-class people. But what are the top colleges offering the best online MBA in India? Let’s check them out:

College & Fees (for the 2-year program)*Specializations
Amity University, Noida
Fees: Rs. 2,53,000
Finance and Accounting
Marketing and sales management
Human Resource
Retail Management
Hospitality Management
HR Analytics
Insurance Management
JAIN University, Bengaluru
Fees: Rs. 2,00,000
Human Resource Management
Finance and Marketing
General Management
Project Management
Aviation Management
Healthcare Management
Manipal University, Jaipur
Fees: Rs. 1,54,000
Finance Marketing
Retail Management
Information Technology
Human Resource Management
Analytics and Data Science
Operations Management
Institute of Chartered Financial Analyst of India (ICFAI)
Fees: Rs. 2,00,000
Marketing IT and Operations
Finance
Human Resource Management
NMIMS University, Mumbai
Fees: Rs. 1,44,000
IT and Systems Management
Supply Chain Management
Retail Management
Marketing Management
Financial Management
Operations Management
Business Management
Human Resource Management
Chandigarh University, Chandigarh
Fees: Rs. 2,00,000
Marketing
International Business Management
Entrepreneurship
Human Resource Management
Indira Gandhi National Open University
Fees: Rs. 62,000
Marketing Management
Operations Management
Human Resource Management
Services Management
Financial Management
Hindustan University, Chennai
Fees: Rs. 1,20,000
Finance
Healthcare Management
Human Resource Management
Aviation Management
Marketing
Operations Management
Marketing and Finance
Sports Management
Lovely Professional University, Punjab
Fees: Rs. 1,56,000
Marketing Data Science
Human Resource Management
Finance
DY Patil Vidyapeeth, Pune
Fees: Rs. 1,30,000
Marketing Management
Finance Management
Human Resource Management
IT Management
Operations Management
Project Management
Block Chain Management
*Fees mentioned is an estimated figure and may vary as per the changes made by the university.

Part-Time Jobs for Online MBA Students

Online MBA in India provides the flexibility of learning at their own pace. So, people can do their job while pursuing an online MBA at the same time. Following are some of the part-time jobs that one can do along with the online MBA program:

  • Marketing Research: Online MBA students can go for part-time marketing research. It can either be an on-site job or online work from home. Part-time marketing researchers can earn anywhere between Rs. 2 lakhs and Rs. 4 lakhs per annum.
  • Finance Consultant or Executive: One can act as a finance consultant or executive if they have opted for finance as a core field. This will give practical insights into how finance in the real world works and what the role of a finance executive is in a company. Part-time finance consultants or executives can earn anywhere between Rs. 1.5 lakhs and Rs. 3 lakhs per annum.
  • Sales Representative: One can do the job of a sales representative in a company handling their sales operations. Part-time sales representatives can earn anywhere between Rs. 1.5 lakhs and Rs. 3 lakhs per annum.
  • Human Resource: One can work as HR in a company if he has opted for it as a core subject in an online MBA course. This will help in brushing up on HR skills. Part-time sales representatives can earn anywhere between Rs. 2 lakhs and Rs. 3.5 lakhs per annum.

Related read: Distance MBA vs Regular MBA

Summing Up – Is Online MBA Worth Doing?

Online MBAs are worth the time and effort because they have widespread recognition. But it should be noted that an online MBA is more fruitful for the working class who cannot spare enough time to go for a regular MBA. For students who have just completed their undergrad, a regular MBA should still be a preferable option. This is because of the value addition it provides.

If certain students cannot relocate or can’t afford a regular MBA, then an online MBA will be a go-to option at any time. Being affordable and flexible is the biggest advantage that an MBA online course holds over a regular MBA.

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Frequently Asked Questions

Is an online MBA recognised in India?

Yes. Online MBA is legally recognised in India. It is considered by the companies as well as approved by the University Grants Commission.

Which is the best online MBA program in India?

Different universities provide quality online MBA education in India. You can refer to the section ‘Top Colleges for Online MBA Courses in India’ to know some of the best universities for online MBA.

How much does an online MBA cost in India?

It varies among different universities. The fees for an online MBA can range anywhere from Rs. 60,000 to as much as Rs. 3 lakh.

Is an online MBA worth doing?

Yes. Today, the dynamics of education are changing, and they are not limited to classroom education. Online education has been very effective in helping not only students but also working-class people to upskill themselves and achieve their qualifications.

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