Online MBA colleges in India (and abroad) have been all the rage since the lockdown because of a global outbreak of infectious disease.
As per sources, Online Education to Reach $4.8B by FY25.
Now, everyone is choosing online mode as it’s easy and so much convenient.
Pursuing an online MBA is a flexible way to learn from anywhere around the world and get a master’s degree.
Digital technology is making everything so, why does education remain at the back?
That’s why B-schools all around the world are offering online MBAs with interactive learning experiences and industry-relevant modules.
In this blog, we will cover the top MBA colleges in India that you shouldn’t miss if you are planning to carry on your master’s administration in business in the upcoming time.
1. What’s an Online MBA?
An Online MBA is like any other MBA, just ONLINE! Basically, it’s a business management degree program where you learn through virtual platforms. MBA covers business topics like finance, marketing, operations, and human resources, and so is online MBA.
This form of MBA is getting popular, especially among working professionals as they can pursue an MBA without interrupting their work/professional life.
And if you are someone who’s interested in doing an MBA online then, don’t skip the blog!
2. Some Key Points of Online MBA
Online MBA’s certain characteristics are what make it different from a regular MBA. Let’s see those highlights:
Flexible Learning: One doesn’t need to be at a specific time at a particular place. Online MBAs can be completed at a pace that’s convenient to the student/learner.
Industry Relevant Curriculum: Online MBA also has a relevant curriculum that is accepted by corporations and companies. The program covers all aspects aligned with current industry standards.
Diverse Electives: You get to choose your specialized courses. Such as Data Analytics, Digital Marketing, Human resources, and Financial Management.
Affordable: Majority of the online/distance MBAs are comparatively lower in cost than traditional MBAs.
3. Advantages & Disadvantages of Online MBA
Now, let’s discuss what are the pros and cons of an online MBA and why you should and shouldn’t pursue it.
Advantages of Online MBA:
Work and Study Balance: Student who is willing to pursue an online MBA can maintain their ongoing job while studying. So, a win situation.
Cost Effective: As discussed earlier, Online MBAs cost you less than full-time offline programs would.
Networking From Home: While sharing classes with other professionals and peers, you can network, that too, without stepping out. Meet people from across various industries through your online classes.
Location Flexibility: No need to travel every day or stay out of your hometown. Now, study from a place that has an internet connection. And you are good to go.
Disadvantages of Online MBA:
Limited Campus Exposure: No experience of real-life campus, meeting people, attending events, polishing your communication skills and so much more. You lose a lot when choosing an online MBA.
Self-motivation Required: If you are a person who lacks discipline and needs a constant push from your mentor or teacher. Then, my friend, online learning is not your cup of tea.
Limited Access to Facilities: You can’t use resources like campus libraries, auditoriums, group hangouts, or labs in case of a distance MBA.
Technical Issues and Support Limitations: Online MBA classes can be negatively impacted by technical/internet issues. Like connectivity problems, faulty video quality, and difficulty catching on to live lectures.
4. Top Online MBA Colleges in India
Indian universities also started offering online MBA programs during the pandemic. It allows students to get quality MBA education from their places. Also, UGC approves virtual MBAs, so, if you do your MBA from UGC-approved colleges, it would be equally valued and recognized.
Here are some of the names of the best online MBA colleges in India:
Highlights: 12 specializations, AIdriven, live interactions, recorded sessions, affordable fees.
Placement: Highest package INR 18 LPA.
2. Jain University Online
Highlights: Structured training program: LEAD, Diverse specialization options, industry exposure, affordable.
Placement: Highest package INR 6.5 LPA.
3. Chandigarh University Online
Highlights: UGC recognized, recruiters: Google, IBM, Adobe, interactive sessions, career-focused.
Placement: Highest package INR 170 LPA.
4. Lovely Professional University (LPU) Online
Highlights: Weekend classes, recorded and live lectures, interdisciplinary approach.
Placement: Highest package INR 29.3 LPA.
5. IGNOU Online MBA
Highlights: Placed: 70-80%, affordable, UGC-approved, broad curriculum.
Placement: Highest package INR 15 LPA.
6. Manipal University Online
Highlights: Scholarships available, industry-driven modules, expert faculty, 24*7 student support.
Placement: Highest package INR 54.75 LPA.
7. DY Patil University Online
Highlights: Student counseling, guest speakers, specialized electives, and practical projects.
Placement: Highest package INR 13.50 LPA.
8. Andhra University Online
Highlights: NIRF rank 43,3 specializations, 30+ hiring partners.
Placement: Highest package, about INR 10 LPA.
9. Symbiosis Centre for Distance Learning (SCDL)
Highlights: Various specializations, practical learning, and more.
Placement: Highest package INR 17 LPA.
10. Narsee Monjee Institute of Management Studies (MNIMS)
Highlights: Well-known online MBA college in India. Accreditation from UGC-DEB.
Placement: Highest package INR 25.95 LPA
5. Online MBA from IIMs
Indian Institutes of Management (IIMs) are not behind in the race, the IIMs offer online MBA alternatives and executive programs that are majorly meant for working professionals:
IIM Ahmedabad: Course name: e-Mode PGP. Can be selected after filling this criterion- CAT, GMAT, GRE, IAT + Personal Interview. Programme Fees is around 20 lakhs.
IIM Shillong: This IIM offers PGP (Working Executive). The criteria are CAT, GMAT+ Personal Interview, and program fees of around 10 lakh.
IIM Kozhikode: The course offered by IIM Kozhikode is called Executive Post Graduate Programmes (EPGP). Have to clear the EMAT+ Personal Interview to get into and with a fee of Rs 12 lakh.
IIM Raipur: The fee is Rs 10 lakh to do an e-MBA at IIM Raipur. CAT, GMAT+Personal Interview scores are considered for joining this program.
IIM Rohtak: The selection criteria are CAT, GMAT, GRE, GATE + PI. The course name here is EPGPX with a lower fee of Rs 7.15 lakh.
Having to do an online MBA from IIM is a dream for many students, so, if you are one of them. Hope this information will help you to reach a step closer to your dream.
6. Low-Fee Online MBA Colleges in India
This is for the students looking for quality education but on a budget. Several institutions provide low-cost online MBAs in India. These are:
| Online MBA on Budget | Total fees |
| Mizoram University | Rs. 50,700 |
| IGNOU | Rs. 62,000 |
| Uttaranchal University | Rs. 72,000 |
| UPES | Rs. 1,50,000 |
| Lovely Professional University | Rs. 1,75,000 |
The above-mentioned are just a few affordable online MBA colleges in India.
7. Top Online PGDM Colleges in India
Students considering online PGDM instead of online MBA can also go to colleges like BITS Pilani, Taxila Business School, NMIMS Global Access School and One benefit of PGDM over MBA is that PGDM programs can be more flexible in terms of specialization and career-specific skills.
8. Admission Process for Online MBA Colleges in India
To get admission to online MBA colleges in India:
Check Eligibility Criteria:
- First, confirm the college’s admission requirements and qualifications
- Make sure you’re eligible before applying
Register Online:
- If eligible, submit your application form through the official website
- Furnish personal and academic details whatsoever is required.
Appear for Entrance Exams (if applicable):
- Take college-specified tests such as CAT, XAT, CMAT, SNAP, or any other.
- Score cutoffs if you want to get admitted.
Submit Documents:
- Submit necessary academic documents
- 10th and 12th report cards, identity proofs, address proofs, and others.
Pay Fees:
- Last step is to pay for admission completion.
- Secure your seat in an online MBA program
9. Who Can Pursue an Online MBA?
Basically anyone can opt for a virtual MBA. Primarily Working professionals, entrepreneurs, and students looking for flexible study routines pursue a distance MBA.
Comparison of Online MBA Vs. Regular MBA
| Criteria | Online MBA | Regular MBA |
| Flexibility | High | Low |
| Cost | Low | High |
| Interaction | Limited | High |
| Recognition | Equal | Equal |
| Physical Attendance | Not Required | Compulsory |
| Interactions | High | Moderate |
The above comparison will help you to choose which MBA suits your end goal. And for more MBA-related topics, tips, news, exams, and more, keep reading MBAROI. We cover all the important aspects a student would need to know for their MBA career.
10. Online MBA FAQs
A: 100%. Yes, you can pursue an online MBA while working. It is designed to fit around work schedules.
A: An online MBA is indeed valuable, but it can’t be said that it’s as valuable as traditional MBAs.
A: Many institutions don’t require an entrance exam for an online MBA. But, major exams that you need to be prepared for are CAT, MAT, or institution-specific exams.
You can look at this page to learn more about the CAT exam- https://mbaroi.in/about-cat-exam/.
For MAT, click here- https://mbaroi.in/mat/
Preparing for NMAT, we’ve got you- https://mbaroi.in/nmat/
Appearing for CAT 2024, don’t miss- https://mbaroi.in/blog/cat-2024-exam/
Prepare for Group Discussion: https://mbaroi.in/blog/india-vs-canada/
