As per UGC, the online MBA enrolment count stood at 28,956 in the academic year 2022-23. More than 200 institutions in India are implementing the online MBA program. Out of these, only 9 percent are Government institutes while the remaining are private. As per a reliable estimation, the Online Education market in India will multiply at a CAGR of 19.9 percent by 2027. The main reasons for this rise are the rising demand for skilled and professional workers, less motivation and the enhanced expenses of on-campus education.
In the past, recruiters in the industry were hesitant to employ online MBA candidates. However in this transformative educational era, their outlook has changed. They are presently stressing on the importance of the virtual medium of education and acknowledging the merit of these candidates. The outcome is that deserving online MBA candidates are getting access to the industry.
Before the advent of the internet, the classic distance MBA was in vogue. Due to the expansion of technology and connectivity, education has become virtual. In this period, online MBA programs have progressed considerably substituting scepticism with acceptance. This has further led to a new era in the Education domain where institutions have overcome geographical boundaries, and they have made knowledge available irrespective of social background and location.
Currently, the quality of course content and the efficiency of professors of on-campus MBA and online MBA are almost equal. The instructors of the latter conduct in-person online classes and high-quality education thereby assuring consistent teaching excellence. The institutions deliver the course content through interactive video conferences, recorded sessions and online live lectures. Some top online MBA programs conduct career coaching sessions and placement drives. XLRI Jamshedpur implements an accelerated one-year program. Other institutions have flexible programs ranging from two to five years. Candidates leverage these flexibilities to make the best of their schedules and needs.
Online MBA programs today have unique windows such as online discussions and chat forums. These bring the latest knowledge and expertise to the fingertips of students, which enriches their skills. Due to these information interactions, students become prepared to apply to lucrative industries, such as Healthcare, Technology, Finance, Banking and Consulting. They can occupy coveted positions such as Data Scientist, Project Manager, Business Development Manager, Human Resources Manager, Operations Manager, Marketing Manager and Financial Analyst, among others.
