With the roaring of online learning in today’s education system, the inclination of not only learners but the companies has increased towards it. The reason behind this is the multitasking abilities and time management skills that learners acquire in these technically driven online learning systems. Among all the domains and courses, the one that has gathered all the popularity in the world is an online MBA. This program has empowered a range of working professionals who want to have a stable career in the management domain.
In this article, we will be discussing the benefits you get with an MBA online and its recognition in the industry among the top recruiters. So, if you are juggling with the decision of whether to take this online course or not, you must give a read to it!
What are the Advantages of Choosing an Online MBA Over a Regular MBA?
When it comes to comparing an online MBA with an on-campus or regular MBA, the first thing that comes to mind is flexibility! This flexibility of online MBA accounts for the freedom to study at any time from anywhere. This feature even saves you money by making you skip the daily commute to your college for physical class attendance. Next in the line is affordability which makes you complete your master’s degree in business administration within your budget without feeling any financial burden. Just like the above two, there are multiple differences between an online MBA and a regular MBA as listed in the table below.
| Online MBA | Regular MBA |
| Flexibility to study from anywhere at any time | Physical classroom attendance is compulsory |
| No entrance exam is required* | Need to clear CAT/MAT/GMAT/XAT, etc. for admission |
| Highly accessible digitized course material and doubt forums in addition to online classes | Hard copies of learning materials are available and doubts can only be cleared in the classrooms |
| Very low course fee in comparison to regular MBA (2-10 lakhs) | The fee ranges between 20-25 lakhs when opting from prestigious institutions like IIMs |
| Holds equal recognition as a full-time MBA | Highly considered in the industry |
| Global networking opportunities | Limited global networking |
Certain IIMs take the entrance exam for an online MBA.
If the online MBA course fee seems out of budget for you, you can opt for another version of the MBA, i.e., Distance MBA. In this format of learning, your flexibility gets restricted a little as you need to visit the university campus or regional centers for examinations and weekend/evening classes. A distance MBA is way more affordable than a regular MBA or online MBA.
What Does Your Employer Think of Your Online MBA Degree?
As per University Grants Commission or UGC guidelines, an online or distance degree holds equal recognition as a regular one provided it has been earned from a government-approved university or institute. As a reflection of this notice, the recruiters accept your online MBA degree provided you meet their qualification and skill requirements.
Coming to the Big 4 firms, i.e., Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and Klynveld Peat Marwick Goerdeler (KPMG), these global firms highly consider your online MBA degree. The major reason behind this consideration is the time management and multitasking skills that you have acquired through this program in addition to your business knowledge. The recruiters highly admire the fact that professionals are upgrading themselves while keeping up their jobs which not only benefits them but also the organization they are working for.
So, if you are a working professional who started with a job right after graduation, an online MBA is a great way to enter the Big 4 firms for a prosperous career!
How is College Vidya Helpful?
If you thought deciding on online education was a tough task, you must prepare yourself for the struggles you are going to face in selecting an online university. Yes, with so many options for online universities, it takes a lot to decide which one is better for you and fulfills your needs. Don’t worry, you can skip this trouble by selecting College Vidya as your online learning partner. Here you get 100+ options of government-approved online universities, so the risk of enrolling in a fraud institution is terminated. With their AI comparison tool, you can compare these universities in just 2 minutes to find one based on your budget, qualifications, etc. If you are still confused, you can connect with their expert counselors who will clear your confusion with all the facts and figures to facilitate your decision-making. After admission, they provide you with all-around support via their post-admission services and placement support.
Conclusion
With the boom of the online education industry, taking up an online MBA program is a wise decision. It not only helps you maintain a balance between your job and studies but also fulfills the managerial vacancy rising in the industry. Thus, an online MBA with high flexibility, affordability, and global exposure makes all your time and money investments worth it for you!
