Masters in Business Administration Online: Eligibility, Course Fees & Admission Process

Making the choice regarding post graduate courses these days feels … more nuanced. Perhaps not harder, but certainly more complicated. A few years ago, getting enrolled into an MBA course would have involved moving to another city and possibly even taking a leave of absence from work.

That changed with the advent of Masters in Business Administration Online.

Through this format of education, you are allowed to pursue your business education while continuing to hold down a job. And indeed, this particular point is why Masters in Business Administration Online became such a big hit.

Yet, in order to apply to a program of this kind, you should learn about several crucial aspects related to it, namely: eligibility criteria, fees and admission procedure.

Let's have a look at all these topics in turn in order to help you understand the intricacies of this educational path.

Masters in Business Administration Online is a postgraduate program provided via various online platforms. All classes, tests and assignments take place online.

In most cases, MBA in Business Administration will cover all of the following disciplines:

• Marketing  
• Finance  
• Human Resource Management 
• Operations  
• Business Strategy 

Most of the MBA online programs are available for both fresh graduates and working professionals. And yes, in many cases this degree is of equal academic standing as a regular one.

While somewhat variable between universities, there is an overarching list of basic criteria applicable to most MBA programs.

General Eligibility Requirements

Generally, all of these universities demand a bachelor's degree from a recognized university. Most universities accept applicants with aggregate score equal to 50%. In addition, some of these universities accept applications from working professionals. There is no age limit when applying for MBA programs.

These requirements are not always present, but can occur at times:

• Exams - optional 
• Personal statement (also known as Statement of Purpose) - required 
• Personal Interview (held online) 
• Knowledge of English language 

Interestingly enough, most universities do not conduct entrance exams and instead provide applicants with direct admission based on merit. And that's one of the key reasons why Masters in Business Administration Online became so popular compared to regular MBA.

Structure of the program tends to remain consistent in most cases.

Program Structure Overview

As mentioned above, the duration of most MBA online courses equals two years (four semesters). During these years, the course involves studying of core subjects and specialization courses.

This particular aspect varies wildly depending on many factors, including: reputation of the university, specialization selected, etc.

Typical Fee Ranges for Various Categories of Universities

On average, fees of MBA in Business Administration programs in India can be expected in range of ₹50,000 to ₹24,80,000 depending on the institution.

To simplify the application process, students can also explore the Promilo College Admission App, which helps in comparing universities, checking eligibility, and applying for Masters in Business Administration Online programs seamlessly.

However, some universities provide discounts and allow for corporate discounts or installment plans. Therefore, MBA online becomes somewhat cheaper compared to MBA programs conducted in conventional manner.

Admission procedure usually involves several stages, each of which is important to complete correctly.

Admission Steps

All admission procedures for these programs are conducted online, including admission. Here is a rough estimate of documents needed to get admitted into the program.

Use the Promilo College Admission App to explore top online MBA programs, compare fees, check eligibility, and complete applications seamlessly from your device.

In addition, some universities ask for work experience certificate from you. As far as application fees go, these tend to be low (in most cases they will be between ₹300 and ₹2500).

This particular format of MBA allows one to specialize in a wide array of different directions.

Here are some of them:

• Marketing  
• Finance  
• Human Resource Management 
• Business analytics 
• Operations Management 
• International Business 

Depending on your career objectives, one of the listed above may be the right choice for you.

MBA online isn't suitable for everybody, although there is nothing wrong with that.

However, it may fit quite a number of people perfectly:

• Working professionals aiming at career progression 
• Recent graduates who need a little flexibility 
• Entrepreneurs and business owners 
• Career changers 

If you prefer to attend classroom sessions, perhaps traditional MBA program is a more suitable option for you.

The ability to study while continuing to work is the primary advantage of pursuing MBA online. However, here is a couple of other benefits worth noting:

• Study from anywhere in the world 
• Study while continuing your work 
• Cheaper than regular MBA (due to elimination of relocation costs) 
• Access to recorded lectures 
• Industry relevant curriculum 

In addition, many universities conduct projects and case studies related to actual industry practice in these courses.

There is no doubt that online MBA has its downsides as well, although these are not that prominent.

These disadvantages include:

• Self-discipline is necessary (to avoid falling behind) 
• Limited campus interaction opportunities 
• Restricted networking abilities 
• Varied placement assistance 

In general, one should keep in mind that MBA online does involve extra effort, although this effort is more mental rather than physical.

Upon completing an MBA in Business Administration, you will be able to apply to jobs of following types:

1. Marketing Manager 
2. Financial Analyst 
3. HR Manager 
4. Consultant  
5. Operations Manager 

Prospective MBA graduates have plenty of employment options due to the nature of managerial knowledge they receive during training.

To summarize, MBA online has proven to be extremely popular among students and working professionals.

However, one should carefully weigh the pros and cons before deciding whether this is the best format of education for him/her.