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Is an Online MBA worth it in 2023?

Is an Online MBA worth it in 2023?

Online education was never prevalent. Of late, due to the advent of Covid-19, there is a major shift in the global learning scenario. It was beyond comprehension how online media has had a significant positive impact on our lives.

An online study is an ideal tool to promote the flexible and remote working culture that is seen as the workplace of the future.

But the question is: is an online MBA worth it in 2023?

Let's examine the pros and cons of online and how it in enriching us.

Advantages of an Online MBA

  • Relief to Stagnancy in Career

Professionals having reached a certain point face career stagnancy. Due to the lack of an MBA degree, promotion is halted. They believe they needed an online MBA to succeed.

  • Easily Accessible & Flexible

The best thing is that by enjoying the comfort of your home you can avail the teaching of experienced faculties. You can attend live classes at your convenience and take online exams. There is no need to worry about missing a crucial class lecture because of unforeseen circumstances. Recorded classes are readily available.

  • Elimination of Geographical Barrier

Without quitting jobs, working professionals can avail maximum benefit of this learning mode. Sitting at the office, café or any invitation attend your classes and submit your projects. At the end of two years, a degree is at your hand. What else you can wish for?

  • Cost-Effective & Return On Investment

The average cost of an online for 24 months ranges from 2, 50,000—3, to 00,000 (inclusive of all). Per semester it is INR 65, 00the 0 (approx.) which is quite reasonable and within financial range. By investing a small amount, you are deriving a high return on investment.

  • Interactive Learning & Webinars

You can interact with innumerable faculties to avail of mentorship. Communicate with batch mates from different professionals to develop a strong business network. Attend webinars of distinguished professionals. Work-life balance is also maintained.

  • Recognized by Industry & UGC

Industry and the UGC of India acknowledge an online MBA from a reputable institution. Always choose a reputed institute that is AICTE & UGC approved. It adds credibility to your career.

However, is it really worth it? Are you receiving the best value for your money considering how much you have spent?

What about internships and placements? You are merely investing to secure a competitive job offer.

If you do not achieve that what’s the point is spending?

Here comes the benefit of a residential MBA program.

  • Most businesses always seek out MBA graduates with degrees from recognized universities that have high accreditation.
  • You can enjoy a campus experience.
  • On campus, more resources are readily available. Libraries, mentoring, field study projects, group interactions, career counseling, and sharing knowledge of industry-oriented faculties are some of the benefits.
  • The highlight of an offline MBA education is the opportunity for good internships and placements that it offers.

Let us see India's Online MBA Colleges Accredited by UGC

  • Indian Institute of Management-Ahmedabad-ePGP
  • NMIMS Global Access School for Continuing Education
  • Manipal University
  • Amity Online University
  • D.Y. Patil University-Centre for Online Learning
  • Chandigarh University
  • Bangalore University-Centre for Distance Learning
  • ICFAI Centre for Distance and Online Education (CDOE)
  • Hindustan University-Centre for Open and Digital Education
  • Uttarakhand Open University, Haldwani
  • SRM University-Online MBA
  • Annamalai University
  • Bharathidasan University Online
  • IGNOU

Some Statistics on Online MBA

Enrollment in the prestigious MBA ODL of IGNOU program has increased by 150% in the year 2022. Of late, approximately 70% of the online MBA students at the School of Management Studies and Commerce, Uttarakhand Open University, Haldwani, have chosen to join from semi-urban locations.

In India enrolling for an online MBA increases your chances of boosting your income by an average of 30% to 40%.

According to GMAC, 89% of businesses said they were thinking about hiring online MBA graduates for their 2022 hiring plans.

Report On International Online MBA

The iMBA program's assistant dean at Gies College of Business, W. Brooke Elliott, cited a 30% growth year over year.

The University of Illinois Gies College of Business enrollment increased from a few hundred to about 4,000. At Jack Welch Management Institute, it is increased by more than 40%. The Kelley School of Business at Indiana University and the Online MBA program at Washington State University both reported increases in enrollment of 111% and 77%, respectively.

Conclusion

These statements of intent demonstrate the growing industry acceptance of online degrees. When an employer chooses the best managers, the outdated stigma of incompetence in online MBA is an abstract now. Students can achieve their goals and receive the benefits they desire through online education, whether they are seeking flexibility, skills, or simply to learn in their own surroundings.

Related Questions and Answers

Most Popular Answers for MBA
Which exams are accepted for MBA admission at JIMS Rohini?
2023-01-17 09:46:05 AM

Students can enjoy a tranquil setting at Amrita Vishwa Vidyapeetham. Hostel life is amazing as it is devoid of any ragging and is safe and secure for females.

Does VMOU Kota offer MBA programme?
2023-01-17 09:45:23 AM

Yes, this university provides scholarship facilities for both undergraduate and postgraduate courses. It is purely based on merit.

I am a working professional. Can I apply for an online MBA?
2023-01-17 09:44:32 AM

LPU DE stands for Lovely Professional University Distance Education.

Is IGNOU Online MBA approved?
2023-01-17 09:43:30 AM

The Manav Rachna Centre for Distance and Online Education was established in the year 1997.

Eligibility criteria for online MBA?
2023-01-17 09:43:23 AM
The 2-year MBA program is thoughtfully designed to build deep general management and leadership skills, setting the base for a bright career, while providing the flexibility to pace the program to fit your schedule.

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