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If you are among the 18 million adults who are unemployed, looking for a career allowing you to travel the world and earn money from home. You might want to consider an online MBA degree. The first thing that strikes many people about online MBA programs is the cost. A private college education, on average, costs a lot varying by the university. An online MBA degree is not just cheaper – it’s much more cost-effective! With an MBA program, the total cost is less than half of what you would spend on a college.

Online M.B.A. programs offer the same training you would attend at an in-person school, but with the flexibility to work part-time or even full-time while studying for your degree. 

What’s an Online MBA? 

An MBA is a graduate degree that can help you advance your career. The program consists of two years of coursework and a comprehensive exam.  

  1. You’ll learn how to use data to make decisions, build strong business relationships, and manage teams more effectively. 
  2. An MBA is a graduate degree that can help you advance your career.  
  3. The program consists of two years of coursework and a comprehensive exam.  
  4. You’ll learn how to use data to make decisions, build strong business relationships, and manage teams more effectively. 
  5. Online MBAs are typically offered by universities or colleges of business administration.  
  6. They’re designed for working professionals who want to further their careers through higher education but don’t have time for traditional on-campus programs.  
  7. Some schools offer both on-campus and online programs; others offer only one or the other option. 

How Much Does It Cost? 

  1. When deciding on which Online MBA college or university to select, the Online MBA Fee is an important parameter.  
  2. The MBA fee varies based on the brand name of the college and the duration of the program. 
  3. Online MBA Fee varies from Rs 50,000 to 1.5 Lakhs for top online MBA colleges in India.  
  4. Distance and online MBA Courses Fee are lower for government universities. Like Anna University and higher for private universities like NMIMS or Symbiosis. 
  5. As you can see, the Online MBA Fee is very affordable as compared to Full – Time MBA Program.
  6. If the fee for the regular MBA is Rs 5-15 lakhs, the fee for Distance MBA is only around Rs.1 lakh.   

online MBA

What Are the Financial Aid Options? 

Financial aid options vary by school and program but may include scholarships and grants as well as loans. 

What Are the Other Costs Associated With Online Degrees? 

Other costs associated with online degrees include course materials (textbooks), housing (if required), transportation (if required), childcare expenses (if applicable). Along with living expenses while attending class (if applicable). 

What Are the Benefits of an Online MBA? 

There are many benefits to earning an online MBA, including: 

Gain Valuable Career Skills: An MBA can help you gain valuable skills that will improve your performance at work. You may want to specialize in areas – Accounting, finance, or marketing — all subjects that are covered in an online MBA program. 

Become More Marketable: Earning a graduate degree can make you more marketable with managers and recruiters who look grads. That’s because employers know that graduates from top-ranked schools are likely to be well-rounded leaders with strong problem-solving skills. 

Improve Your Marketability: An MBA program allows you to earn a degree from a top-ranked school while working your job. Earnings from an advanced degree brings better opportunities for promotions and pay raises at work as well as greater flexibility. 

What Are Some Downsides of an Online MBA? 

The biggest downside to an online MBA is the lack of in-person networking. 
Online programs are to be delivered by video and audio. Hence, you don’t have the same opportunities to meet people as you would in a traditional program. 
 
You may not be able to build relationships with your professors or other students. And you won’t be able to attend career fairs or meet with employers in person. 
 
Some online programs do offer face-to-face sessions — but these are typically reserved for only a few courses per semester. 
 
Another downside: it can be hard to keep up with all the reading and assignments if you have other obligations. You’ll need time each week for studying and completing assignments just like in a traditional program. But you can’t simply “drop in” when it’s convenient for you. 

online MBA

These days, people have been busy with their life troubles. Higher the expectations, much higher the stakes of competition. Hence, to consume less time and pay more towards work, an Online MBA is the best option you could consider.  

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