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What is an MBA Degree? Everything You Need to Know in 2024
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What is an MBA Degree? Everything You Need to Know in 2024

  • Jun 20, 2024
  • 282 Views

The Master of Business Administration (MBA) is one of the most sought-after and prestigious postgraduate programs among student communities around the globe. In 2024, the landscape of business education continues to evolve making the MBA program more relevant than ever before. Renowned universities that offer an Online MBA degree hold accreditation from apex bodies such as the All India Council for Technical Education (AICTE), the University Grants Commission (UGC), and the Distance Education Board (DEB) ensuring the authenticity and credibility of the program worldwide. Universities hold accreditations from the National Assessment and Accreditation Council (NAAC) with an A++ grade ensuring quality education at the university of global standards, and the National Institutional Ranking Framework (NIRF) honored universities with higher ranks among top universities nationwide, and should be approved by the Government of India that proves the authenticity and the credibility of the course and make the course one of the most sought-after courses among the students’ community around the globe

Globally recognized universities provide admissions with an online entrance examination mode of learning has made it easy for working professionals to continue their higher education who are seeking to advance in their careers in their respective fields or students who are residing in remote areas and have no access to quality education due to a lack of resources can continue their higher studies as per their interests. Online universities around the nation offer Online MBA degrees in different domains including Accounting, Finance, Marketing, Management, Data Science, Human resources, etc.

The sole motive of this comprehensive guide is to provide detailed information including eligibility requirements, structure of the course, fee structure, different types of MBA programs, specializations of MBA programs, admission requirements, curriculum, career opportunities, and More.

What is an MBA Program?

An MBA or Master of Business Administration program is a postgraduate degree that can be pursued after completion of an undergraduate program from any recognized university in their desired specialization. Typically, the duration of an MBA program is two years (24 Months). Throughout the educational journey, candidates learn the curriculum of the program with which they can develop meticulous skills required to navigate businesses through all the challenges and intricacies of the domains with critical and analytical thinking skills. The detailed curriculum of the prorgam lets candidates gain advanced knowledge to shape their managerial and administrative skills worldwide.

Features

Details

Course Name

Online Bachkkof Business Administration (Online MBA)

Course Level

Postgraduation

Course Duration

2 Years

Course Pedagogy

Online study material and LMS

Eligibility

1. Graduation in relevant specialization

2. A relevant working experience

Entrance Exams

CAT, XAT, MAT, SNAP, GMAT, or Industry-specific entrance exam

Average course fee

INR 1,00,000 to INR 5,00,000*

Online MBA specialization in demand

1. Sports Management

2. Finance

3. FinTech

4. HR Management

5. Digital Marketing

6. Business Analytics

7. Accounting, etc

Everything about Online MBA course

  • Working professionals who are interested in seeking an online Master of Business Administration (MBA) program through an online mode of learning let them master an MBA Program.
  • The flexible mode of learning lets candidates including fresh graduates, working professionals, or international students continue their higher studies without compromising their personal and professional commitments.
  • The online MBA program is an advanced education in Business and Administration that lets candidates develop relevant skills required for assuming leadership positions in the domain worldwide.
  • The Online mode of learning enables students to access quality education anywhere and anytime by setting their schedules.
  • During the educational journey, candidates will take online exams through online and secured platforms.
  • The duration of an online MBA program in any specilaization is two years. However, universities can extend the duration of education up to 4 years.
  • Universities nationwide offering Online MBA programs hold accreditation and recognition from several regulatory bodies including AICTE, UGC, and DEB.
  • Learners can evaluate their academic performance throughout the journey with assignments, project work, midterm, and final semester examinations.

Eligibility Criteria for Online MBA Program

We have mentioned the eligibility criteria for an online Master of Business Administration (Online MBA) program:

  • Interested students pursuing an Online MBA Program must have completed their graduation from a relevant discipline.
  • Students should have gained a minimum percentage of 50 % to 60 % of aggregate marks in their respective undergraduate programs.
  • The university from which students have gained their graduation degree should hold accreditation and recognition from regulatory bodies such as AICTE, UGC, DEB, and the Government of India.
  • Interested working professionals must have gained experience in any relevant field.
  • Several universities also take scores of MBA entrance examinations such as CAT, XAT, CMAT, MAT, SNAP, and others.

Admission Process to Online MBA Program

The steps for the Admission process for the online MBA programs are mentioned below:

  1. Seekers must visit the official website of the concerned University.
  2. They should check for the eligibility criteria of their desired course.
  3. Must fill out the online application form with relevant information.
  4. Upload required documents including previous educational transcripts, contact details, ID proof, and passport-sized photographs.
  5. They should make registration payments through secured and official channels to the university’s account.
  6. Once the application form is submitted, the university will verify the uploaded documents of the applicants.
  7. Upon the successful completion of the documentation verification process, students will receive an admission confirmation mail from the university.
  8. The mail may contain information including fee payment and course commencement details.

Online MBA syllabus

Core Subjects

Strategic  Management

Business Ethics

Corporate Social Responsibility (CSR)

Marketing Management 

Organizational Behavior

Operations Management

Leadership and Management

Financial Management

Human Resource Management

Financial Accounting

Managerial Accounting

Microeconomics/Macroeconomics

Business Statistics

Information Technology Management

Entrepreneurship

Elective Courses (Specialization)

Supply Chain Management

Operations Management

Healthcare Management

Human Resources Management

Information Technology Management

Data Analytics/Business Analytics

Finance

Marketing

International Business

Corporate Social Responsibility (CSR)

Management Consulting

Oil and Gas Management

Economics

Entrepreneurship

Project Management

Types of MBA Program

Online MBA program

Full-Time MBA

Online Executive MBA (EMBA)

Part-Time MBA program

 

Other demanding Specializations 

Online MBA in Data Science and Analytics

Online MBA in Logistics and Supply Chain Management

Online MBA in Finance

Online MBA in Finance and Leadership

Online MBA Analytics

Online MBA in Business Intelligence and Analysis

Online MBA in Digital Marketing and E-commerce

Online MBA in System and Operations

Online MBA in Business Intelligence

Online MBA in Oil and Gas Management

Online MBA in IT 

Online MBA in Artificial Intelligence

Online MBA in Machine Learning

Online MBA In AI and ML

Online MBA in FinTech

Online MBA in Advertising and Branding

Online MBA in Production and Operations

Online MBA in Sales and Marketing

Online MBA in Hospital Administration and Healthcare

Online MBA in Advertising and Branding

Top universities offering Online MBA

  • Indian School of Business (ISB)
  • Indian Institute of Management Calcutta (IIM Calcutta)
  • Symbiosis Centre for Distance Learning (SCDL)
  • Indira Gandhi National Open University (IGNOU)
  • Amity University Online
  • Sikkim Manipal University Online
  • Chandigarh University Online
  • LPU Online
  • SVSU Online
  • D Y Patil Online University
  • Jain University Online
  • Manav Rachna Online University
  • Suresh Gyan Vihar Online University
  • Xavier School of Management (XLRI)
  • Indian Institute of Management Bangalore (IIM Bangalore)
  • Faculty of Management Studies, University of Delhi (FMS Delhi)
  • SP Jain Institute of Management and Research (SPJIMR)
  • Indian Institute of Management Ahmedabad (IIM Ahmedabad)
  • Narsee Monjee Institute of Management Studies (NMIMS)
  • International Management Institute (IMI)
  • Institute of Management Technology (IMT)
  • Xavier Institute of Management Bhubaneswar (XIMB)
  • Great Lakes Institute of Management
  • UPES online University
  • Swami Vivekananda Subharti Online University

Top Recruiting Industries

  • Microsoft
  • Mckinsey
  • BCG
  • TCS
  • Infosys
  • Accenture
  • Reliance
  • HDFC Bank
  • ICICI Bank
  • Hindustan Unilever
  • P&G
  • Amazon
  • Wipro
  • Aditya Birla Group
  • Mahindra & Mahindra
  • Deloitte
  • KPMG
  • ITC Limited

Frequently Asked Questions

The online Master of Business Administration Program is a postgraduate enables candidates to learn and master the curriculum of the program through an online mode of learning at their own pace and convenience from the comfort of their homes regardless of their geographical locations. Throughout the educational journey, candidates learn the administrative and managerial skills required to clinch top leadership positions in different specializations worldwide.

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 Typically, the duration of an online MBA program is 2 years. However, the duration of the program can be extended up to 4 years to accommodate the hectic schedules of modern-day learners.

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However, the average course fees of the online Master of Business Administration program depend on different specializations and universities offering the program. The average course fees of the program in India range from INR 1,20,000* to INR 7,50,000*.

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