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Why an Online MBA is Ideal for Entrepreneurs: Key Skills You’ll Gain
Nov 20, 2024
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Why an Online MBA is Ideal for Entrepreneurs: Key Skills You’ll Gain

If are you an aspiring entrepreneur and wish to start your own business in the future, then this blog is meant for you. The Online Master of Business Administration program is designed to support future leaders and entrepreneurs in building a start-up business with the required skills. The curriculum of the MBA online program is designed to equip the candidates with the critical thinking, creative skills, and innovative ideas 

Read the full blog to learn more about the Online MBA program its key skills and how they are ideal for entrepreneurs. This blog aims to serve you detailed information regarding its benefits, key skills, admission process, eligibility criteria, specializations, and more.

Course overview: Online MBA Program

Attributes

Features

Course

Online Master of Business Administration (MBA)

Course Level

Postgraduate level

Duration

2 years (4 Semesters)

Recognitions and Approvals

AICTE, UGC, DEB, NIRF, NAAC

Eligibility Criteria

Candidates with considerable marks, qualified in bachelor's program in any discipline from a recognized university.

Learning Mode

Online mode 

Average Tuition Fee

INR 1,00,000* to INR 6,00,000*

Specializations

 

Operations Management

International Business

Human Resource Management

IT Management

International Business

Investment Banking Equity Research

HR Analytics

General Management

Digital Marketing

Business Analytics

Fintech Management

Infrastructure Management

Power Management

Quality Management

Data Science

Top Recruiting Companies

Amazon

Google

Deloitte

Accenture

Microsoft

IBM

Tata Consultancy Services (TCS)

Infosys

Ernst & Young (EY)

PricewaterhouseCoopers (PwC)

Eligibility Criteria for Online MBA Program

  • UG candidates/ 10+2+3 pass out in similar or any discipline.
  • Individuals applying for an MBA must have a valid UGC bachelor's degree from any recognized university.
  • UG certificate with 40% - 50% minimum marks with credibility.
  • Foundational knowledge of Business Administration or relevant knowledge
  • Working Professional with a minimum of 4 to 5 years of experience full time
  • International students applying for this online program must have cleared any of these entrance examinations including TOEFL, IELTS, SAT, etc to prove their proficiency in the English language.

Benefits of Online MBA Program for Entrepreneurs: Key Skills

The Online MBA Program is ideal for Entrepreneurs and Leaders who want to establish businesses, start, and grow their businesses in the market. Here are some of the key skills they’ll gain through the Online MBA program:

Time Management

The best skill an Online MBA program candidate can develop while pursuing the course is Time Management. The online master's program requires the candidates to learn on their own and in their time frame. Only discipline and time management skills can get you through this PG course. This time management skill is the key feature of an aspiring entrepreneur and leader. Time is a valuable asset and once you learn to manage time while still being at your comfort you become an unbeatable leader.  

Strategic Thinking and Problem Solving

Online Master of Business Administration comprises of curriculum that focuses on developing strategic thinking, problem-solving skills, and critical thinking abilities of their students. These skills train them to stay ahead of the competition and grow in the present market. The problem-solving skills and strategic thinking prepare the entrepreneur to take risks and grow through challenges. 

Self Discipline

Self-discipline is crucial when it comes to studying online and a master's program requires self-motivation to complete the two years course. To focus on higher education while learning from the comfort of your space requires self-discipline in the Online MBA program. For an aspiring entrepreneur having self-discipline can take you far in your career and this master's program in business administration help you acquire such essential skills to win in real life.

Brand Building and Marketing 

The online MBA program keeps you ahead of time with the evolving digitalization by equipping you with brand-building and marketing skills. This online program covers digital marketing, consumer behavior analysis, and brand management. Today business is all about online marketing and advertising, so if you want to foster entrepreneurship opt for the Online MBA program.

Networking and Collaboration

One of the key benefits of the online MBA program is networking and collaboration with peers, professionals, mentors, and industry experts from around the world. The connections you build around the globe help you learn from your community, and exchange ideas and experiences with fellow students. You get the chance to gain insights from experienced industry experts and highly qualified professionals through an online MBA program. Collaboration through online courses leads to networking and learning from the tycoons globally and building partnerships for further business goals.  

Real World Experience

The Online MBA program curriculum is designed in such a way that ensures practical practices of the real world that are applicable in real life. The online program is more about real-world applications techniques and tactics required in the current world, unlike the on-campus MBA course which emphasis more on theoretical learning. The syllabus of the MBA program online comprises case studies, hands-on projects, and assignments to develop business development plans, marketing strategies, and financial management. 

Enhanced Leadership and Entrepreneurial Skills

Online PG program in Business Administration equips students with advanced skills and knowledge highly required in the current market. The soft skills of problem-solving, risk management, critical thinking, and creative thinking enhance leadership and entrepreneurial skills. These skills prepare future founders and leaders to create opportunities and withstand in the current competitive market. 

Admission Process: Online MBA Program

  • Entrance Exam: The candidates should qualify for the entrance exam conducted by the specific University of their choice. 
  • Application Form: Search the online website of the college/university, and press on the MBA course from the Program menu.
  • Pay the Application fee: Go to the Application form click open to fill in every required question with the personal details and submit the fee. 
  • Personal Interview: For further selection step, candidates are asked to appear for a personal interview conducted in the faculty by the institute professional. 
  • Final Selection: The end process is about evaluating academic qualifications, work experience, marks, and more for the final process of admission.
  • Admission Offer: Once you get the admission offer, secure your spot in the Online MBA program by accepting the offer and paying the fee.  

Top Online MBA Specialization Programs in Demand

Online MBA in Business Analytics

Online MBA in Quality Management

MBA in Operations

Online MBA in International Business

Online MBA in HR Management

Online MBA in Investment Banking Equity Research

Online MBA in IT Management

Online MBA in HR Analytics

Online MBA in General Management

Online MBA in Infrastructure Management

Online MBA in Digital Marketing

Online MBA in Power Management

Online MBA in Fintech

Online MBA in Data Science

Top Dual MBA Online Specializations in Demand

Online MBA in Data Science and Analytics

Online MBA in Logistics and Supply Chain Management

Online MBA Data Science and Analytics

Online MBA in Business Intelligence and Analysis

Online MBA in Digital Marketing & E-commerce

Online MBA in System and Operations

Online MBA in Finance and HR

Online MBA in Finance and Leadership

Online MBA in Business Intelligence

Online MBA in Oil and Gas Management

Online MBA in IT 

Online MBA in AI and ML

Online MBA in FinTech

Online MBA in Hospital Administration and Healthcare

Online MBA in Advertising and Branding

Online MBA in Production and Operations

Online MBA in Sales and Marketing

Comprehensive Curriculum of the MBA Program

Semester 1

Semester 2

Managerial Economics

Marketing Management

Statistics for Management

Business Research Methods

Professional communication

Financial Management

Accounting for Managers

Human Resource Management

Marketing Management

Conflict Resolution and Management

Semester 3

Semester 4

Strategic Management

Management in Action Social Economic and Ethical Issues

Professional Ethics

Digital Marketing

Strategy, Business, and Globalization

Project Management

Data Analysis for Business Decisions

Values and Ethics

Management Lessons from Ancient India

Academic Research Writing/ Industry Immersion/ International Project

Elective as per Specialization

Elective as per Specialization

Top UGC-accredited University of Online MBA Program

The aspiring Entrepreneur looking to build a business career can opt for the Online MBA programs from these UGC entitled Universities to develop key skills:

  • Shiv Nadar University 
  • Chandigarh University Online
  • Manav Rachna University Online
  • IGNOU
  • D Y Patil Vidyapeeth 
  • Amity University Online
  • Chandigarh University Online
  • S R M University 
  • Jain Online University
  • NMIMS ODL University
  • Manipal University Online
  • UPES Online
  • Lovely Professional University Online

Career Scope for Online MBA Program 

The Online MBA programs open doors for career scope in various job profiles in top MNCs, FMCG, Finance, Banking, Marketing, and more domains:

  • Entrepreneurship
  • Business Consultant
  • Financial Analyst
  • Marketing Manager
  • Operations Manager
  • Project Manager
  • Financial Management
  • Management Consultant
  • Human Resources Manager
  • Supply Chain Manager
  • Information Security
  • Chief Executive Officer
  • Business Development Manager
  • Brand Manager
  • Staffing Director

Conclusion

An Online Master's Program in Business Administration is essential for building essential skills of future leaders, founders, and entrepreneurs. These skills help entrepreneurs face the real-life challenges of a competitive market which eventually helps them navigate the complexities of the business. We hope this blog helped you understand the reason why an online MBA is ideal for Entrepreneurs. Several accredited and recognized universities/ colleges offer UGC entitled Online MBA program that is mentioned in this blog where you can enroll if you are a UG pass-out candidate.

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