The ROI of Online MBA programs
Students are advised to choose an online MBA over traditional ones if they can afford it because it has a unique set of benefits that no other program can offer. Moreover, many institutes offer UGC-recognized Online MBA for students who wish to complete their education without coming to the campus.
Online MBA programs are usually offered on virtual platforms, but the curriculum and all other aspects remain similar to a regular MBA. Suppose you are a working professional looking to prepare for a managerial role or simply a student from a far-fetched area and cannot afford to pay lakhs in education. In that case, an online MBA is what you need. Not only is this program affordable, but it also requires very minimal time and resource investment. For more details, read through these sections!
An online MBA is generally a 2-year long program in which all the lectures and assessments are held on a virtual platform, allowing students to take sessions from the comfort of their homes. Also, they can take up this program at a meager cost, and that too without sitting for any competitive exams. Due to the flexible curriculum and supported platforms, working professionals and housewives can complete their education and upskill themselves by signing up for online MBA programs.
The ROI of Online MBA programs
There is no doubt that the Return on Investment of online MBA courses is way higher compared to the traditional ones when compared from a cost-to-salary perspective. For instance, a student has to pay almost more than 10 lakh rupees for a 2-year long college MBA, which also does not guarantee good placements. In contrast, one can invest only 5-6 lakhs in an online MBA from a reputable institution and have an almost equal scope of bagging good jobs as the traditional MBA students.
Also, in the case of online MBA, students are exempted from attending classes on campus, meaning they can save the money spent on commuting and attending classes. Also, taking sessions from the comfort of their home and in their schedule means students can do their jobs. It creates double streams of current and future incomes, respectively.
Another good factor about studying with online courses is that you are not expected to take any rigorous entrance test and invest time and resources preparing for it. It is because almost all universities accept students for an online MBA without any requirements for entrance exams. Such students get to complete their degrees while associating themselves with prestigious and well-known colleges, which might further advance their careers.
As per the data available for recent years, the graduates from online MBAs make up 6-8 LPA in India, and this number goes up even higher in the case of international offers. Given the rising popularity of such online MBA programs in India, even IIM Ahmedabad, the top management institute of the country, has now started offering a 2-year online PGDM course for working professionals. Thus, it can be said that candidates looking to enhance their careers and prepare themselves for ever-changing markets without spending a lot of money should opt for an online MBA course. The return on investment is indeed very high!
Companies that hire Online MBA graduates
Recruiters highly value online MBAs because of their flexible curriculum, which includes more pragmatic upskilling elements than traditional courses. Maybe that's why companies encourage employees and executives to take an online MBA to prepare them for more leadership and managerial positions.
As per the data collected by authentic websites like Glassdoor, currently, Indian graduates from online MBA are being offered at least a 6-8 LPA package at the domestic level and even more so at an international level. It is the list of all the recruiters that hire the majority of the students from such online courses, as presented by institutions on their websites:
Online MBA Salary in India
It is essential to know that the package offered to a candidate after completion of their degree depends not only on their degree but also their skills and previous experience. It means that students have to work to build their portfolios meticulously.
However, being associated with reputable insulation opens way more student opportunities than any other degree. It is where online MBA degrees can help, as they allow students to gain alumni status at prestigious universities.
As per the information on salary statistics, currently, graduates from online MBA are offered more than 8LPA by companies at a domestic level. Also, some of the more talented students are further hired at MNCs and offered a chance to or abroad with an average salary package of 22.4 LPA. Some of the other information about placements received by students from such courses is given below:
|
Salary offered at the Domestic level (category-wise) |
Amount (INR) |
|
Highest Salary |
14 LPA |
|
Online MBA Average Salary |
8 LPA |
|
Median Salary |
7.4 LPA |
Eligibility Criteria for Admission to Online MBA
Since online MBA is quite popular among students and working professionals, the universities have now started accepting admissions after a rigorous admission process. It validates the program's authenticity and maintains the industry's trust in its curriculum and quality. Also, the UGC and AICTE have directed institutions to have a set of rules for the same, which include:
Best Online MBA Programmes
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Disciplines available under an Online MBA program |
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A course's importance and Return on Investment depend on the prestige of the institution offering that program. The more the relation in the university-industry, the better its graduates will be paid. Fortunately, many universities in India offer world-class pedagogy and industry-level training in their online MBA courses. Moreover, these programs are approved by several educational bodies in India, like UGC, AICTE, UGC DEB, and NAAC. A complete list of such institutes that offer online MBA and that too at affordable cost is given below:
Some of the other benefits available for students pursuing their MBA via an online platform are:
Conclusion
Thus, it is clear that students who take up online MBAs are equally, if not better off, than those who go for traditional MBAs simply because they attain the same benefits by paying less. They can attend classes, interact with faculty from their houses, and complete their education at reputed institutes. Furthermore, studying in an online MBA program from a prestigious university enables students to get alumni status, opening up various opportunities.
With an average salary of 6-8 LPA, an online MBA surpasses other programs as the most desired among students, especially working professionals. It means you are not required to quit your job to complete your education; you can do both together. Furthermore, all the online MBA courses offered by universities across India are approved by UGC, AICTE, and UGC DEB. It guarantees the authenticity of the course and serves as a yardstick for measuring the quality of students produced by a particular course.
