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Online MBA Fees

May 22, 2024 by Admin
Online MBA Fees

An online MBA is a two-year postgraduate degree in management. This course is becoming very popular among graduates and working professionals. The cost of an online MBA is important when applying to business schools in India. The Online MBA fees in India range from Rs. 30,000 to Rs. 5,00,000.

The fees for an online MBA can vary from one institution to another. They typically include tuition fees and other charges like exam fees. Some institutes may charge examination fees separately.

The minimum duration of an online MBA course is two years. Some universities allow students to take up to four years to complete the program. The duration of an online MBA can vary based on the student's pace of study, course curriculum, and the institute. The program is designed to be flexible, accommodating the needs of working professionals and individuals with other commitments.

The Top Online MBA colleges in India include IIM Ahmedabad, Amity University, ICFAI, Manipal University, LPU, SRM University, GLA University, and many more. Online MBA admissions need students to take entrance exams such as the CAT, XAT, MAT, SNAP, and GMAT.

Duration

2 - 4 years

Course Type

Online Degree

Admission Process

Entrance Exams or Direct Admission

Top Entrance Exams

CAT, XAT, MAT, SNAP, and GMAT.

Eligibility

50% in graduation in any stream

Mode of Delivery

Live online lectures, pre-recorded lessons, assignments, and case studies

Course Fees (INR)

30,000 to Rs. 5,00,000.

Top Online MBA Colleges Fees Structure

An Online MBA is a master's degree in business that you can complete over the internet. You don't need to go to a physical school, which makes it flexible for people who work or have other commitments. Online MBAs are also generally cheaper than traditional MBAs since you don't have to pay for relocation or commuting.

Just like a regular MBA, you will learn about important business topics like finance, marketing, and human resources. Many online MBA programs also allow you to interact with classmates and professors through online discussions and webinars. This can help you network with other professionals and learn from each other.

Best Online MBA Colleges

Total Online MBA Fees

Amity Online

INR 2,53,000

Manipal University Online

INR 1,75,000

Chandigarh University

INR 2,00,000

SRM University, Chennai

INR 1,89,000

IFHE Hyderabad

INR 2,00,000

Karunya University

INR 1,40,500

Symbiosis Pune

INR 3,00,000

Anna University, Chennai

INR 1,01,000

GLA University, Mathura

INR 73,000

Crescent University

INR 1,60,000

Madurai Kamaraj University

Rs 36,000

Mangalayatan University, Aligarh

Rs 67,000

Shoolini University Solan

Rs 1,20,000

Galgotias University

Rs 76,000

Amrita Vishwa Vidyapeetham

Rs 1,70,000

Lovely Professional University

Rs 1,60,000

IIM Ahmedabad

Rs 20,00,000

K L University

Rs 1,60,000

Graphic Era University

Rs 80,000

KIIT University

Rs 1,60,000

Chandigarh University

Rs 2,00,000

Popular Online MBA Courses in India

Online MBA degrees come in different flavors called specializations. Here are some popular ones:

  • Finance
  • Marketing
  • Human Resource Management
  • Project Management
  • Pharmaceutical Management
  • Operations Management
  • Business Analytics
  • Healthcare Management

Top Government Online MBA Colleges in India

In India, over 12 government colleges offer online MBA courses. These colleges usually have more affordable fees compared to private ones. To enroll, candidates should visit their preferred colleges and meet the admission requirements. Here's a list of some top government online MBA colleges in India.

Government Online MBA Colleges

Total Online MBA Fees

IIM Ahmedabad

Rs 20,00,000

IIT Jodhpur

Rs 8,25,000

GJU Hisar

Rs 48,000

Periyar University

Rs 71,000

Bharathidasan University

Rs 91,000

KSOU Mysore

Rs 80,000

Alagappa University

Rs 80,300

Madurai Kamaraj University

Rs 36,000

Mysore University

Rs 68,625

Which online MBA college in India has the lowest fees?

Fee Structure

Names of Colleges

INR < 1 lakh

GLA University, Galgotias University, Alagappa University, MKU, KSOU Mysore, GJU Hisar, Mysore University, Periyar University

INR 1-2 lakh

UPES, IFHE Hyderabad, Jaipuria Noida, Manipal University, SRM University, Chennai etc.

INR 2-3 lakh

IMI Bhubaneswar, Amity University Online, BITS Pilani, Symbiosis Pune, etc.

INR 3-5 lakh

XLRI Xavier School of Management, IIFT Delhi,

INR > 5 lakh

MDI Gurgaon, IIM Ahmedabad

Pros and Cons of an Online MBA

Online MBA is a promising degree course since it allows students to earn an MBA without investing a lot of money or time. In most circumstances, an online MBA is regarded as comparable to a traditional MBA; nonetheless, to make an educated decision, one must analyze all sides of the equation.

Advantages

  • Economically, pursuing an Online MBA is less expensive than pursuing a traditional MBA.
  • Flexibility: Online MBA courses are meant to be convenient for working people or those who have a hectic schedule.
  • Recognition: Most of the leading business institutions offer Online MBA courses. This enables students to obtain an Online MBA from leading business institutions at a reasonable fee.
  • Dynamic Faculty: Top business institutions that offer online MBAs recruit or invite seasoned individuals to lecture. Online MBA sessions take place digitally, renowned faculty members can teach from anywhere in the world.

Disadvantages

  • No Campus Experience: Developing relationships and connections with faculty and students is an important part of getting an MBA. However, an online MBA lacks facilities, however, some universities provide a campus trip for a few days.
  • Striking a balance between job, school, and personal life can be difficult to achieve. Candidates must create a regular and disciplined schedule to address this.
  • Duration: Most universities that offer online MBAs allow individuals to complete the course in two or four years.
  • Limited Exposure: Because an online MBA graduate has lost out on MBA skills, on-campus experience, and other on-campus events, their exposure is limited.

Online MBA Eligibility Criteria

A Bachelor's degree from a recognized university with decent grades (usually at least 50% or higher). The subject you studied can be anything, not necessarily business.

Some schools might look at your work experience, especially if it's related to business. This can strengthen your application.

You may also need to take an entrance exam like CAT, MAT, XAT, SNAP, or CMAT. These exams test your skills in areas like reading comprehension, math, and logic.

Important things to remember:

The exact requirements can vary between colleges, so it's always best to check with the specific program you're interested in.

Work experience is a plus, but not always required.

Career Opportunities After Online MBA

An online MBA can open doors to many exciting careers! Once you graduate from a top program, you can find well-paying jobs in many different fields. These jobs can be in private companies or with the government.

Here are some popular areas where online MBA graduates can work and advance their careers:

  • Making things (Manufacturing)
  • Computers and technology (IT)
  • Money and investments (Finance)
  • Selling products (Marketing)
  • Stores and shops (Retail)
  • Taking care of people's health (Healthcare)

The specific job you get will depend on what you specialize in during your online MBA studies. Here are some examples of jobs you might qualify for:

  • The marketing manager oversees all marketing efforts for a firm.
  • Sales manager: Leads a team of salespeople
  • Financial advisor: Advises on how to invest money
  • Financial analyst: Researches investments and makes recommendations
  • Management consultant: Helps businesses improve their operations
  • Brand manager: Creates and manages a company's image
  • Human resource manager: Recruits and trains employees
  • Public relations specialist: Manages a company's public image

Top Companies Hiring Online MBA Graduates

Many big companies in India and around the world are looking for people with MBAs. Here are some of the top companies that hire online MBA graduates:

  • Amazon
  • Wipro
  • HCL
  • Flipkart
  • TCS
  • Deloitte
  • Microsoft
  • JP Morgan Chase

Online MBA Salary in India

The salary of an online MBA graduate can vary based on specialization, experience, industry, and job location. In India, the average salary for someone with an online MBA degree is around Rs 955,000 per year. The following table shows the list of MBA salaries based on different job profiles:

Job Profiles

Average Salary (annually)

Business Manager

Rs. 10,08,974

Sales Manager

Rs. 6,05,589

Marketing Manager

Rs. 7,32,094

Brand Manager

Rs. 8,01,641

Accountant

Rs. 2,89,070