Online 1-Year MBA (Masters in Business Administration) Courses

Online 1-year mba courses

Start-ups are new businesses that are formed to create and market a new product or service. Startups are increasingly looking for MBA candidates with business and management skills to assist them to take their businesses to the next level.

“Measuring a firm fast in this highly competitive climate demands world-class management knowledge and skills, which are traits associated with MBA graduates,” he said in an interview with Poets & Quants.

So, why do startups hire MBAs in the first place? This is due to a variety of factors. Entrepreneurial ability is one MBA quality that is critical for start-up organisations. Startups looking to hire MBAs want someone who understands not only business management but also entrepreneurship. Most importantly, the MBA program’s entrepreneurship abilities will be beneficial to individuals.

Startups Hiring MBAs: Top 5 Industries

According to the GMAC’s Corporate Recruiters Survey report, The following are the top five industries whose startups hire the most management graduates.

• Technology, Internet and Ecommerce
• Pharma, Medical Devices and Biotech
• Food, Beverage, and Tobacco
• Diversified Financial Services
• Education

Job Offers for MBAs

MBAs are hired by startups at various stages of growth and development. This is how new MBA recruits are spread across different sorts of companies. 

• 5% for pre-seeding
• ten per cent seed
• 20 per cent for Series-A
• 18% in the Series B
• 47 per cent in the late stage

The majority of MBA graduates are hired to perform “conventional” duties, such as business development and product management. Business development is a blend of sales and strategy, and it is the pinnacle of post-MBA employment responsibilities. Product management is strongly reliant on technology, and MBAs with a technical background are better equipped for strategic roles in this field.

Why should you hire MBAs?

An MBA often includes substantial topic knowledge as well as diverse management, business, and analytical abilities. MBAs assist in the transformation of startups.

6 reasons startups are hiring MBAs

Expansion And Growth

Even if it is in the industrial sector, every start-up aspires to eventually mature and develop into a well-structured and fully-functional business. To attain this goal, strategic business processes must be designed, best practices must be defined, and communication channels for transparency must be established inside the organisation. MBAs can provide a competitive advantage in this area.

MBA graduates are well-versed in organisational hierarchies, appreciate the necessity of well-defined strategies, policies, and practices for a developing company, and can assist in the development of financially sustainable plans and policies.

Marketing

Marketing is more than just marketing goods and services. It covers everything from market research to customer segmentation and targeting to pricing. MBA grads are well-versed in marketing and sales. 

Networking

While the majority of startup founders are extremely creative in their core domains, they frequently require the two essential marketing products of networking and affiliation. MBA graduates can make a difference in this area by using their connections, alumni networks, and other resources.

MBAsmeet professionals, mentors, and leaders in a variety of fields during their courses, and they typically form strong professional relationships with many of them. In fact, one of the pillars of MBA programmes is networking. As a result, MBA graduates can assist you in developing a strong network of powerful contacts to help you grow your firm.

Management of Human Resources (HRM)

While it may be difficult to believe, poor human resource management can cause start-ups to fall behind in the race to the finish line. Understanding the needs of their customers is difficult for start-up entrepreneurs.

MBAs typically have excellent communication and management skills that allow a company’s human resources to run like a well-oiled machine. In addition, the pressure of human resource management is off their shoulders, and startup founders can focus on other important activities, such as attracting investment.

Market research

A key component of growth for businesses of all sizes is proper market research. Thanks to the wide selection of market research and business analysis tools, startups can now conduct market research to gain a detailed insight into the market, its competitors, the latest trends, product prices, and more.

However, efficient use of these tools requires experience and analytical knowledge, a standard held by MBA graduates. They specialize in analyzing and interpreting data to uncover valuable business insights that further drive data-driven decision making.

Financial planning and management

As new businesses grow, financial planning and management become more important. This is where trained professionals make a difference. MBA graduates can make a difference in this regard and contribute to the growth of the company in the right direction.

Joining a startup after completing an MBA is beneficial in terms of experience, and honing skill sets as they have huge potential and the right environment for professional growth and development.

In the start-up culture, MBAs can also get maximum exposure and run a large part of the show, filling a variety of roles: winning clients, creating valuable business connections, and expanding business ventures, which isn’t possible on a large scale. the company, at least. not in the early years.

It will be beneficial for both parties, startups and MBAs, as it allows both of them to realize their potential and see the impact of it. As startup culture flourishes around the world, more job opportunities will also open up for MBAs in business development, product management, and operations.

So if you are an MBA graduate who is open to learning and expanding your horizons as well as experience, consider joining a new company. It can be a rewarding experience and can lead to better opportunities in every way.

The Difference between MBA, Executive MBA, Distance MBA and online MBA

If you recently graduated with a bachelor’s degree and want a two-year full-time program, then a full-time MBA is your best option. But if you are a working professional or have other commitments and find it difficult to devote 2 years to offline education, then you should consider the other types of MBA programs.

Top 1-Year Online MBA Programs in India – Regular MBA

This is the traditional mode of MBA, where students regularly attend classes on campus. Almost all classes, tests, etc. will take place on campus. Students can experience a vibrant campus life filled with extracurricular activities, sports, and cultural events.

In India, most institutes offer 2-year MBA programs that will include projects and internship opportunities. Those who enrol in this program will be the most recent graduates or those who have committed to attending the course full time. These MBA courses require little or no work experience for admission.

Best 1 Year Online MBA Programs in India – Executive MBA

The focus of the Executive MBA courses is to help executives, professionals, etc. who have relevant work experience to obtain the necessary credentials in management and business studies. These programs will require a percentage of classes on campus. One advantage is that your peers would already be professionals, like you, and this can create a great cohort system. Executive MBA programs can generally be completed in 1 year. However, the institutes offer 2-year executive MBA programs.

Note: The work experience requirement for the Executive MBA may differ from one institute to another.

Best 1 Year Online MBA Programs in India – Distance MBA

When it comes to the distance learning MBA program, students will be provided with self-study materials (hard copy and hard copy). These could be books and LMS. Depending on the institute, additional study resources will vary, such as occasional offline classes. The biggest drawback is that there is only a minor level of interaction between instructors and peers. Most of the course will be at your own pace and at your own pace. As it is an MBA, it is always more rewarding to have interactions. Therefore, students get a lot of exposure compared to regular, executive, or online MBA programs. The exam mode can also vary depending on the institute: it could be online or at a nearby exam center.

Top 1-Year Online MBA Programs in India – Online MBA

With the rising demands for online courses and certifications, online MBAs have become a favourite choice for many individuals. This type of MBA program is completely virtual. The students can always study while on the move and do not have to worry at all about locations. They can enrol into online MBA programs from prestigious institutes from also across India. Most institutes will offer extensive online support, so that during the online class, they will be able to interact with their peers, instructors just as if they are in a traditional class. There are both 1 year and 2 years online MBA courses available in India.

Note: The eligibility criteria and duration of all the above-mentioned programs can vary depending on the institute for Top 1-Year Online MBA Programs in India

Top 1-Year Online MBA Programs in India

When you think about business, the one degree that pops up to your mind is MBA. This advanced degree has fulfilled dreams all over the world. However, not everyone has the luxury of time to commit themselves to a fully-fledged 2 years traditional MBA program. But in the past two decades, with the advent of the digital world, online MBAs have begun to fulfil the desire for great academic training at one’s own pace. In this article, we will explore the top 1 – a year online MBA programs you can take in India.

Whether you are a fresher or a mid-level professional or an entrepreneur, you do not want to miss out on the latest trends in the market. The online MBA programs are constantly revised to give you the foundational as well as the latest concepts in management studies. Within the MBA system, there are numerous types such as the traditional on-campus MBA, distance MBA, online MBA, etc.

Note: The work experience requirement for an Executive MBA can differ from institute to institute.

Difference between MBA, Executive MBA, Distance MBA and online MBA

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Particulars	Regular MBA	Executive MBA	Distance MBA	Online MBA
Physical presence	Offline campus mode	Both online and offline classes	Self-taught, very few offline classes	Online classes
Attendance	Mandatory	Mandatory (both virtual and offline classes)	Not required	Required for virtual classes
Interaction among peers and instructors	100% during classes, projects, extracurricular activities, etc.	Interaction among experienced peers and instructors	None	Interaction at a much lower level among peers and instructors
Marking scheme	Exams, Assignments, Attendance	Assignments, Exams	Final exams	Assignments,
Duration	2 years	1 year	1 - 2 years	1 - 2 years
Flexibility in work	No (part-time or freelance during the holidays )	Yes	Yes	Yes
Suitable for	Fresh Graduates / Anyone who can commit to a full program	Mid-level / senior executives, entrepreneurs	Those with time constraint	Those with time constraints. Some relevant work experience is required

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Now let us focus on 1- a year online MBA in India

Top 1- Year Online MBA programs to pursue in India

These online MBA programs are created with the goal of enhancing the leadership and critical thinking skills of working professionals. These 1-year online MBA courses offer specializations in various fields such as marketing, strategic management, international business, general management, human resource management, finance, business management, entrepreneurship, IT management, etc.

List of Best Universities Offering Online MBA Programs in India

We will go through different 1 year MBA equivalent programs offered by different institutes in India.

Best online MBA in India

Top 10 Online MBA colleges in India 2022

• JAIN UNIVERSITY ONLINE.
• Annamalai University Online. 
• ICFAI UNIVERSITY ONLINE. 
• DY PATIL UNIVERSITY ONLINE. 
• BHARATHIDASAN UNIVERSITY ONLINE.
• MANIPAL UNIVERSITY ONLINE.
• Indira Gandhi National Open University (IGNOU) 
• NMIMS UNIVERSITY ONLINE

Online MBA Programs in India – IGNOU

Established in 1985, the Indira Gandhi National Open University (IGNOU) is run by the central government of India. The institute has been recognized by UGC and has also been accredited with an A++ rating from NAAC. IGNOU is the largest university in the world in terms of enrollment. The university offers courses in full-time, distance and online study modalities.

The eligibility criteria for these online MBA programs at IGNOU are as follows:

• A graduate of any field with 50% qualifications (general category)
• 45% marks (reserved category according to the Government of India)

• The fees for all the PG Diploma courses in IGNOU are Rs. 10,800/-
• There are no age bar to these 1-year online programs

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Course	Duration	Cost	Eligibility Criteria
PG Diploma in Human Resource Management (PGDHRM)	1 year	Rs. 10,800	Bachelor’s degree (including Chartered Accountancy/ Cost Accountancy/ Company Secretary ship) with 50% marks for general category 45% for reserved category
PG Diploma in Financial Management (PGDFM)	1 year	Rs. 10,800	Bachelor’s degree (including Chartered Accountancy/ Cost Accountancy/ Company Secretary ship) with 50% marks for general category 45% for reserved category
PG Diploma in Operations Management (PGDOM)	1 year	Rs. 10,800	Bachelor’s degree (including Chartered Accountancy/ Cost Accountancy/ Company Secretary ship) with 50% marks for general category 45% for reserved category
PG Diploma in Marketing Management (PGDMM)	1 year	Rs. 10,800	Bachelor’s degrees (including Chartered Accountancy/ Cost Accountancy/ Company Secretaryship) with 50% marks for general category 45% for reserved category
PG Diploma in Financial Markets Practice (PGDFMP)	1 year	Rs. 10,800	Bachelor’s degree (including Chartered Accountancy/ Cost Accountancy/ Company Secretary ship) with 50% marks for general category 45% for reserved category

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Online 1-year PG Diploma in Human Resource Management (PGDHRM)

This 1-year MBA equivalent program teaches students the concepts of human resource management. Students develop their interpersonal and decision-making skills that are important to becoming great human resource professionals.

Online PG Diploma in Human Resource Management (PGDHRM) Course curriculum

• Management of Human Resources(Compulsory)
• Human Resource Development
• Social Processes and Behavioural Issues
• Industrial Relations
• Human Resource Planning
• Managing Change in Organizations
• Organizational Dynamics
• Management
• Compensation and Rewards
• Labour Laws

Prospective careers

• Human Resources Manager
• Employment specialist
• Recruitment Manager

Online 1-year PG Diploma in Financial Management (PGDFM)

This online MBA program covers topics such as International Business, finance, banking & financial systems, capital market, working capital management, & mergers, etc.

Online PG Diploma in Financial Management course curriculum

• Accounting and Finance for Managers (Compulsory)
• Working Capital Management
• Capital Investment and Financing Decisions
• Management Control Systems
• Security Analysis and Portfolio Management
• International Financial Management
• Management of Financial Services

Some of the prospective careers are:

• Bank officer
• Financial Manager
• Financial Controller
• Asset manager
• Corporate Manager

Online 1-year PG Diploma in Operations Management (PGDOM)

This 1-year online program covers major topics such as Logistics and Supply chain management, Productions / Operations management, materials management, operations research, etc.

Online PG Diploma in Operations Management course curriculum

• Information System for Managers (Compulsory)
• Operations Research
• Project Management (PGDOM)
• Production/Operations Management
• Management Information Systems Logistics and Supply Chain Management
• Materials Management
• Maintenance Management
• Management of R&D and Innovation

1-year Online PGCM Business Analytics

MITSDE offers this 1-year online program that equips students with data visualization techniques, forecasting methods, analytical tools and techniques, business process analysis, etc. to become a successful business analyst. The Management of Business Analytics graduate certificate program is designed in such a way that you will gain experience in the latest Business Analytics tools and techniques. Students will work on real-world case studies, thus preparing for the world of the marketplace.

Duration: 1 year

Cost: Rs. 49,000

Q, Is online MBA Recognised in India?

A: Yes, the online MBA programmes are recognised by companies, provided the degree is earned from a recognised and reputed institute. Moreover, the students should also have secured good marks or grades in the programme to improve their career path.

Q. Which is the best online MBA?

Best Online MBA Programs

• Indiana University–Bloomington (Kelley)
• University of North Carolina–Chapel Hill (Kenan-Flagler)
• University of Southern California (Marshall)
• Carnegie Mellon University (Tepper)
• University of Florida (Warrington)
• University of Washington (Foster)
• Arizona State University (Carey)

Online 1 year MBA Courses in India – Conclusion

These online MBA/PGDM equivalent certificate programs offer great advantages for those with time constraints. While a regular MBA will provide a great on-campus experience, these online programs will provide valuable time management experience. In this age of multitasking, it has become a norm for aspiring candidates in all walks of life to balance their work, education, and family. These online MBA programs / PGDM certificate programs offer them this opportunity.

So decide your niche within business and management and take these specialized 1-year online MBA programs and take the world by storm!