Table of Contents
Online MBA Fees
What is the cost of online MBA?
The normal charge for Online MBA programs is around Rs 50, 000 to Rs 1 lakh.
Online MBA programs are led in the part-time mode for a term of 1 – 4 years in various MBA universities and online stages. Online MBA courses are helpful for graduates who need to work just after graduation or are as of now working. The qualification measures for an internet-based MBA are nearly adaptable contrasted with a full-time MBA: graduation from a perceived University, and work insight for a little while (on account of Online Executive MBA programs). A few universities consider public level MBA placement tests scores for online MBA confirmation.
Famous Institutions like NMIMS, Amity University, NIBM, and Welingkar offer UGC-Approved Online MBA Programs. As of late, Jain University presented an Online MBA program in a joint effort with upGrad with arrangement help and paid temporary job of a half year to post the course culmination. Post Coronavirus, numerous business colleges abroad have presented web-based MBA programs according to US News reports 2022.
Online MBA charges are low when contrasted with expenses for a standard MBA Course, going from INR 50,000 – 6,00,000 in the majority of the MBA Colleges. Online MBA programs are additionally exceptionally famous abroad. The University of Newcastle, University of North Carolina, Arizona State University are the top schools for seeking a web-based MBA abroad. With the new presentation of virtual stages, for example, UpGrad, understudies can now seek an Online MBA from Top Business Schools Abroad without spending lakhs on everyday costs and visa strategies.
Online MBA from authorised MBA universities is perceived by bosses and scouts and offers good position offers. A portion of the top spotters incorporates Amazon, HCL, Grofers, Zomato, and so forth The normal compensation after an internet-based MBA range from INR 3 – 7 lakh in the underlying stages. A 2021 vocation patterns report by UpGrad claims that internet-based MBA graduates secure placements up to INR 25 lakhs for every annum in tech goliaths like Paytm, Infosys, Wipro, and so on.
Why study online MBA?
Online MBA includes a degree as well as speeds up a singular’s profession at an incredible length.
- Contrasting the MBA seat and number of CAT competitors in 2022; there are more than 5000 MBA seats in IIMs and over 1.92 lakh understudies who gave the CAT test in 2022, thus understudies are presently searching for elective MBA programs.
- Post-COVID period; numerous business colleges are concocting broad web-based MBA programs that have MBA Course Syllabus and workforce as productive as full-time MBA projects to advance understudies enlistments in web-based MBA.
- As indicated by the GMAC report, online MBA applications have seen an absolute increment of 43% in 2020 versus an aggregate of 11.6% expansion in nearby MBA Applications 2022. This pattern is perhaps because of the way that understudies are currently searching for online MBA programs from business colleges abroad without spending lakhs on everyday costs.
- Online MBA programs whenever rule the full-time MBA programs due to the gigantic contrast in MBA Fees. Liverpool Business School’s Online MBA Program (presented through UpGrad) costs INR 6 lakhs contrasted with IIM Ahmedabad’s Full-time MBA Program worth INR 23 lakhs or concentrating on MBA in UK worth INR 29 lakhs – 81 lakhs.
- In a serious work market, a simple Graduation degree won’t take you further. Businesses look for qualified competitors who are talented at both group the board as well as increment efficiency to a significant degree. In such cases, an Online MBA accomplishes the work.
- Online MBA from presumed Universities/Institutes can bring a singular compensation going between INR 6,00,000 to 10,00,000.
- Online MBA doesn’t expect you to leave your regular positions and later offers you top administrative positions and a compensation climb. This is useful regarding the return of speculation when contrasted with Executive MBA programs where you really want to find employment elsewhere to seek after MBA.
- Numerous schools (Jain University) have thought of extra advantages, for example, situation help and paid MBA Internships for Online MBA programs.
Online MBA in India
| Program Name | College Name | Average Course Fees |
|---|---|---|
| Online MBA | Amity University, Noida | INR 2,50,000 |
| PGDM HB | Welingkar Online | INR 61,000 |
| MBA Online | Venkateshwara Open University | INR 61,500 |
| Online MBA | ITM University Online | INR 80,000 |
| MBA Distance Education | Pondicherry University | INR 24,925 |
| Online MBA | Manipal University, Jaipur | INR 1,50,000 |
| MBA Program (Online) | Jain University, Bangalore | INR 2,00,000 |
| Online MBA | IFHE Hyderabad | -- |
Online MBA Courses Fees in India
Online MBA Programs may vary from one University to another.
- In the majority of the cases, candidates have to appear for online entrance examinations such as CAT, XAT, MAT, SNAP, GMAT.
- Certain Universities/Institutes have their own entrance examinations.
- Some Universities/Institutes enroll students directly, on the basis of merit.
- Work experience of 2-5 years is necessary in the case of online executive MBA programs.
| College Name | Application Dates | Online MBA Fees |
|---|---|---|
| Amity University, Noida | February 12 Onwards | INR 1,20,000 – 3,50,000 |
| Jaipur National University, Jaipur | To be announced | INR 43,100 |
| Jaipuria Institute of Management | Applications Open till March 31, 2022 | INR 1,90,500 |
| Indira Gandhi National Open University (IGNOU) | December 2021 – March 15, 2022 | INR 37, 800 |
| Pondicherry University, Directorate of Distance Education | To be announced | INR 24,925 |
| National Institute of Business Management, Pune | To be announced | INR 22,000 |
| Venkateshwara Open University, Naharlagun | To be announced | INR 89,500 |
| Assam Don Bosco University, Guwahati | To be announced | INR 1,00,000 |
| Karnataka State Open University, Mysore | To be announced | INR 35,000 |
| NMIMS Global Access School for Continuing Education, Mumbai | Applications Open | INR 86,000 |
| ITM University Online | To be announced | INR 80,000 |
| LN Welingkar WeSchool, Mumbai | To be announced | INR 86,000 |
| Dr. DY Patil Center for Online Learning | To be announced | INR 1,06,400 |
| LPU Jalandhar | Application open till March 15, 2022 | INR 1,04,600 |
| BVDU, Pune | Applications Open | INR 1,00,000 |
Online MBA Eligibility Criteria
Online MBA Program requires the following eligibility criteria for admission:
- Should be a Graduate from a recognized University, with 50% aggregate or equivalent marks.
- Candidates having relevant work experience would be given preference.
- Candidates need to qualify for the entrance examinations.
- There is no age limit for enrolling in an Online MBA Program.
Upgrad Online MBA Fees
It’s undeniably true that top B-schools in the country (for example, IIM), request a lot higher course charge when contrasted with normal administration establishments.
For the most part, the MBA course charge in India presents a broad reach – it might run anyplace from Rs. 5 LPA to even Rs. 25 LPA! Clearly, the low-end charge is requested by fair organizations and schools, though the very good quality course expense is saved for cream establishments like ISB and IIMs.
In any case, these figures just present the MBA course expense, barring charges, convenience charges, cost of suppers, concentrate on materials, and other extra charges. On adding every one of the additional charges, the expense might run anyplace around Rs. 7 LPA to Rs. 30 LPA, contingent on the program you pick.
In all actuality that most rumoured B-schools charge high MBA course expenses in India, on the finish of the course, they truly do guarantee a high ROI – the normal compensation for freshers hailing from such schools ranges between Rs. 20-22 LPA.
Presently, we should investigate the MBA course expense in India of a portion of the highest level universities to acquire a superior thought regarding the charge construction of schools offering MBA courses in India.
| Institution | Course Fee |
|---|---|
| IIM Ahmedabad | Rs. 21 lakh |
| IIM Bangalore | Rs. 19.50 lakh |
| IIM Calcutta | Rs. 19 lakh |
| XLRI Jamshedpur | Rs. 16.8 lakh |
| Great Lakes Institute of Management, Chennai | Rs. 16.50 lakh |
| IIM Kozhikode | Rs. 16 lakh |
| MDI Gurgaon | Rs. 15.96 lakh |
| SPJIMR Mumbai | Rs. 14.5 lakh |
| IIFT Delhi | Rs. 14.50 lakh |
| IIM Indore | Rs. 14 lakh |
| Goa Institute of Management | Rs. 13.85 lakh |
| IIM Rohtak | Rs. 10.5 lakh |
| IIM Ranchi | Rs. 9.70 lakh |
| IIM Udaipur | Rs. 9.50 lakh |
| IMNU, Ahmedabad | Rs. 8.9 lakh |
| NITIE Mumbai | Rs. 8.10 lakh |
| VGSoM, IIT Kharagpur | Rs. 6.72 lakh |
| DoMS, IIT Madras | Rs. 6 lakh |
| DMS, IIT Delhi | Rs. 4.39 lakh |
| DoMS, IIT Roorkee | Rs. 4.18 lakh |
| DMS, IISc. Bangalore | Rs. 3 lakh |
Online MBA Recruiters
- The greater part of the Online MBA degree holders are employed by MNCs. The work jobs of Online MBA graduates are like that of a full-time MBA former student. Notwithstanding, there may be a distinction in the compensation design of a web-based MBA holder when contrasted with a customary MBA degree holder.
- The compensation of a new Online MBA graduate can associate with INR 5 to 6 LPA, and working experts with an Online MBA degree can expect a significant addition in their compensation in light of the specialization picked during the course.
- Online MBA course graduates have the extent of landing enrolled in various position areas Some of the top MBA Jobs are recorded underneath.
Online MBA Recruiters
| Amazon | ITC Hotels |
| Croma | Philips India |
| Future Group | Raymonds |
| eBay | Grofers |
| HCL | HP |
| Puma | Flipkart |
| Reliance Jio | Taj Group of Hotels |
| NTPC | GSK Pharma |
| Nestle | Snapdeal |
| Blue Star | Canon |
| DHL | Havells Limited |
| Panasonic | Zomato |
Frequently Asked Questions
Q. Can I do online MBA free?
Ans. Yes, top business schools do offer free online MBA courses as well as a variety of other classes. Many of these courses are available through Coursera and edX. Business Insider wrangled a list of free online courses and the top Universities that offer them.
Q. Can I study MBA online?
Ans. The tenure of the course can vary from one year to two years. Some of the job profiles which you can get after completing Online MBA are Corporate Associate, Portfolio Manager, Finance Analyst, Credit Risk Manager, Executive and Senior Executive, etc.
Q. Which is the cheapest IIM?
Ans. The Indian Institute of Management-Ranchi, the youngest IIM in the country is also its cheapest. The Indian Institute of Management-Ranchi, the youngest IIM in the country is also its cheapest. Ahmedabad, the most expensive of the country’s eight IIMs, charges.
Q. Is CAT compulsory for MBA?
Ans. No, to be able to get admission to IIM-K, the candidate must have appeared for CAT. IIMs only accept CAT scores. IIMs do not accept scores of other entrance exams or provide direct admissions.
Q. What is MBA salary?
Ans. An entry-level MBA in IT graduate can earn Rs. 5,00,000 p.a. With 1-4 years of experience, an MBA graduate can earn Rs. 577,793 per annum. The average salary for an IT Manager is around 12 lakhs.
Q. Can I get free seat in IIM?
Ans. Free seats is not a concept in IIMS as far as my knowledge is considered though if you belong to reserved category then you will get some concession in fees according to the policies of Central government education program
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