(1).
About Online MBA & Distance MBA
The
growing call for managerial capabilities amongst experts has led to numerous
possibilities at one’s disposal. Nowadays, many universities provide
distinctive MBA types, starting from conventional to Online and Distance to
one-year Executive programs. Indeed, college students and specialists who
desire to get an MBA diploma have greater alternatives and opportunities to
enhance their talents without taking a day off from work. But then they
regularly get caught up on which MBA application to use. To assist them in that
direction, we've got indexed the distinction between Online and Distance MBA
courses.
Online
v/s Distance MBA
Enrolling
in distance MBA allows to the person learn while earning both have the same
learning format, but different like chalk and cheese. To better clear, the
concepts of online and distance learning let's discuss these two terms one by
one:
A).
Online MBA
This
mode of mastering enables the application of contemporary-day factors thru
which the coaching and mastering technique takes place. This gaining knowledge
takes vicinity with the usage of a digital gaining knowledge of the environment
(VIE)- model, collaborates or blackboards to share multimedia lectures discussions,
send resources to students, and conduct exams.
B).
Distance MBA
This shape of mastering is called correspondence mastering additionally in which examining cloth and mastering resources may be despatched to college students thru the submit and e-mail in video lectures alongside PDFs and different documents.
A tabular form of difference between online and distance MBA is given below which to clear this concept easier:
Click here to see: India's Top Management Colleges
Online MBA |
| Course Name: Online Master of Business Administration |
| Course Overview: The Online MBA is a Master in Business Administration which is a 2-year program where you learn all the business and management skills through online mode. The Master of Business Administration has always been an option for people who feel they need an addition to their current career. |
| Course Duration: 2 years |
| Eligibility Criteria: 50% in graduation in any stream/ Any working Professional |
| Average Annual Fee: Rs. 50,000 to Rs. 500,000 |
| Accessibility: Only students who have access to PCs can pursue an Online MBA degree via the Internet. It gives students the freedom to work according to their comfort and convenience. |
| Attendance: Not required (except in a few cases) |
| Eligibility: It required at least 50% marks in graduation |
| Mock interview: Given by industry experts in 1:1 |
| Student-teacher interaction: Interaction takes place between students and teachers with different digital modes. |
| Mentorship: Complete guidance gave the teachers for the whole academic year. Any doubt students can take guidance from the teachers when they required it. |
| Assignments and exams: Students will able to complete their course with the online time receiving and submission of their work. They didn’t need to visit the college. Every work will be done online. |
| Placement assistance: In this, it depends on the placement support. |
| Flexibility: It requires utmost discipline. With numerous distractions, it is challenging for students to stay focused. As a result, they can improve their time management skills. |
| Alumni Status: Given alumni status |
| Exposure: It is a better choice because its quality, status, and popularity are steadily increasing, and top business schools are increasingly offering online business degrees, making them even more accessible. |
| Curriculum: The curriculum is similar to an ordinary MBA with theoretical in addition to sensible training. The most effective distinction is that the whole lot takes place virtually. |
| Networking: Students have the opportunity to connect with their peers and faculty through discussion forums on their LMS. There are virtual webinars, interactive sessions, and alumni meetings as well. |
Distance MBA |
| Course Name: Distance Master of Business Administration |
| Course Overview: A distance learning MBA program means that course content can be taught without the physical presence of the candidate. |
| Course Duration: 2 Years |
| Eligibility Criteria: Minimum 50% marks in Graduation in any discipline |
| Average Annual Fee: Rs. 50,000 to Rs. 200,000 |
| Accessibility: Distance MBA courses are usually delivered to students who live in remote places, and cannot commit to online study. |
| Attendance: Not required |
| Eligibility: Graduation from a recognized university and a good % in an MBA entrance exam |
| Mock interview: No such provision in this learning |
| Student-teacher interaction: No interaction takes place between students and teachers. They only interacted with each other when adhering to exam deadlines and submission deadlines. |
| Mentorship: Only 4-5 doubt sessions will be taken by the teachers during the whole academic year. |
| Assignments and exams: Students will able to complete their course after receiving and submission of their work from their nearby regional center. |
| Placement assistance: Depending on the institutions. |
| Flexibility: It provides an opportunity for students they can able to complete this on behalf of their own schedule and doesn’t depend on a specific timetable to do an MBA. |
| Alumni Status: No benefits |
| Exposure: Lesson plans are usually simple with minimum exposure. It doesn’t allow to you study industry trends by revealing real worlds experiences and case studies. |
| Curriculum: The curriculum of Distance MBA is quite concise. |
| Networking: Since there aren't anyt any classes, there's no right interplay between the scholars and the college or maybe among the scholars themselves. |
(2). Distance MBA v/s Online MBA Job and salaries
The
price of each MBA publication is deemed identical to that of an everyday MBA
and gives possibilities for a higher-paying job:
Distance MBA salary and jobs
Listed below are some of the job profiles and their salaries as under:
| Job role | Average Salary |
| Marketing Manager | INR 6,83,000 |
| Business development manager | INR 5,98,000 |
| Financial analyst | INR 4,14,000 |
| Financial manager | INR 9,96,000 |
Online
MBA salary and jobs
Listed below are some of the job profiles and their salaries as under:
| Job role | Average Salary |
| Manager | INR 12,00,000 |
| Sales Manager | INR 5,00,000 |
| Marketing Manager | INR 6,50,000 |
| Brand Manager | INR 9,00,000 |
Both distance training and online getting-to-know have benefits and disadvantages, however, at the quit of the day, they each permit you to take a look from home. Although the coaching strategies differ, the motive stays the same: to gain a nice education. But in case you aren't geared up for the dedication that a two-year months MBA diploma demands, do take study the curriculum of our 12-month Executive PG Program in Management through Great Lakes Executive Learning.
(3).
Online and Distance MBA Specializations
There are various specializations available in the degree of MBA. Also, all the specializations are available in both regular and distance MBA. Have a look at the some of MBA specializations listed below:
| Specialization | Description |
| MBA in Accounting | Master of Business Administration or MBA Accounting is a 2-year-lengthy Master's diploma direction that specializes in Accounting. Predominant subjects taught in this program include Accounting, Taxation, Marketing, Finance, and Human Resource Management, among others. |
| MBA in Economics | A master's software in economics makes a specialty of schooling people to work out strategic thinking in hard economic and enterprise situations, specifically as they pertain to the client. |
| MBA in Global Management | MBA Global Business Management offers business transactions taking place among or extra international locations or nations. This 2-year PG course covers private and governmental trades, sales, investments, logistics, transportation, etc. globally. |
| MBA in Finance | MBA Finance Course is a 2-year postgraduate program pursued by students aspiring to build a career in financial management. Currently, MBA Finance Admissions are ongoing in top MBA Colleges in India. Admission to the MBA Finance course is based on national or state-level entrance exams such as CAT, MAT, XAT, SNAP, and the like. |
| MBA in Business Management | MBA Business Management is a specialization of MBA guides that makes a specialty of making professional people who recognize how to characteristic businesses, manipulate crises, offer solutions with restricted resources, and showcase discipline, development, and cross-cultural leadership. |
| MBA in Technology Management | MBA Technology Management is a postgraduate management course for two years. The course concentrates on creating business world leaders who are not only good at handling emerging technologies but also understand how to adapt within the workforce to its rapid changes. This course combines the expertise of Technology with the skills of Business Administration. |
| MBA in Operations Management | A graduate with an MBA in operations manipulation is contemporarily involved with planning, organizing, and supervising within the context of production, manufacturing, or offering services. It is a shipping focussed area that calls for analytical in addition to organizational skills. |
(4).
Online MBA Colleges by NIRF Ranking
Colleges
are ranked each year by the National Institutional Ranking Framework (NIRF).
The rating is determined by a number of factors, and it varies from year to
year based on how well a college or university performs in areas like faculty,
placements, and infrastructure.
The below table shows the Online MBA Colleges in India that are ranked under NIRF (1-100):
| NIRF Ranking | Name of College |
| 8 | XLRI |
| 13 | MDI, Gurgaon |
| 20 | IIT Kanpur |
| 32 | IFHE Hyderabad |
| 48 | Chandigarh University |
| 56 | Birla Institute of Management and Technology |
| 85 | Manipal University, Jaipur |
List
of Government and Private Online MBA Colleges in India
There are 81 Private 10 Public and 1 Public Private Online MBA Colleges in India.
Government Colleges
| Name of College | IIRM |
| Eligibility Criteria | Candidates who have passed Graduation in any discipline from a recognized university/institute are eligible. |
| Average Annual Fee(INR) | INR 1,25,000 |
Private Colleges
| Name of College | XLRI |
| Eligibility Criteria | Candidates who completed graduation/bachelor's degree (10+2+3 or 10+2+4) in any discipline from any recognized institute/university are eligible to apply. |
| Average Annual Fee(INR) | INR 4,00,000 |
| Name of College | IIRM |
| Eligibility Criteria | Candidates who have passed Graduation in any discipline from a recognized university/institute are eligible. |
| Average Annual Fee(INR) | INR 1,25,000 |
| Name of College | IFHE Hyderabad |
| Eligibility Criteria | Bachelor's degree in any discipline with a minimum of 50% aggregate (a minimum of 15 years of education) with English as the medium of instruction (Applicants in their final year can also apply for admission) |
| Average Annual Fee(INR) | INR 2,00,000 |
| Name of College | Manipal University, Jaipur |
| Eligibility Criteria | Bachelors with 50%, 45% marks in the case of reserved categories. |
| Average Annual Fee(INR) | INR 1,25,000 |
| Name of College | Jaipuria Noida |
| Eligibility Criteria | candidates must have passed 3 years of Bachelor’s Degree with a minimum of 50% marks or equivalent CGPA in any discipline from any University recognized by UGC or declared to be deemed as a University under Section 3 of UGC Act, 1956, or own an equal qualification identified through the Ministry of Education, Government of India. |
| Average Annual Fee(INR) | INR 96,000 |
| Name of College | MDI |
| Eligibility Criteria | Candidate needs to have a Bachelor's Degree (minimum three years) with a minimum of 50% marks or equal CGPA in any area from any University diagnosed with the aid of using the AICTE/AIU/ Ministry of HRD, Government of India. |
| Average Annual Fee(INR) | INR 10,00,000 |
Public Private
| Name of College | IIIT Lucknow |
| Eligibility Criteria | Candidates need to have secured 50% marks or an identical CGPA in graduation in any discipline. Candidates yet to appear in their qualifying degree examinations may also apply, provided they appear in their final examinations and complete all requirements for their degrees before admission. |
| Average Annual Fee(INR) | INR 3,00,000 |
Read Also:
Best online MBA programs in India
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