One significant benefit of distance MBA programs over on-campus MBA programs is saving in money. The tuition fees of the former are much lesser than the latter. You need not bear relocation expenses and hefty housing expenses. There is no need to spend money for travel and parking. Let us try to understand such financial benefits in three reputed Indian distance MBA institutes. These institutes not only save your educational expenses but also provide you many features that are beneficial to you from the education perspective. Thus, you can gain from these benefits while enjoying the economical benefits.
Cost-Benefit analysis of MBA distance education Symbiosis
Symbiosis Centre for Distance Learning (SCDL) charges only 65,000 INR (all fees in this blog are for the year 2024) as program fees for MBA distance education Symbiosis. This is inclusive of all taxes with immersion. You can pay this amount using internet banking, debit cards, credit cards or as standard EMI. If you opt for the EMI method, you need to pay 7,222 INR per month for the entire duration of two years. It is obvious that a very large count of Indians who are MBA aspirants can afford to make this payment. Thus, the first benefit you get is that you save a lot of money that is essential to get the MBA degree. The other benefits are the following.
The second benefit is that SCDL is regarded as the #1 among the top distance learning institutes in India. As per your interest and career aspirations, you can choose from the following specialisations: Business Administration, International Business, Retail Management, Human Resource Management, Export & Import Management, Technical Writing in Business Management, Corporate PGDBA, Project Management, Digital Marketing, Event Management and Strategic Management.
The third benefit is that SCDL is very advanced regarding the learning process. Its self-learning material is hand-crafted by experienced faculty members, who have ensured that this material is very comprehensive. This institute follows e-learning and e-mentoring, which makes you familiar with the state-of-the-art learning methodologies. Overall, you get the most-advanced knowledge and skills related to your specialisation. While you are doing self-study, if you have any queries, you can use the 24 × 7 assistance of SCDL for resolution of your queries.
The fourth benefit is that SCDL has adopted a dynamic assessment system wherein you have to appear for e-proctored examinations.
The fifth benefit of MBA distance education Symbiosis is about career continuation and career relaunch. The former implies that you are provided the right blend of competencies and skills to be selected for your dream job and reinvent your career. The latter is for only female students. This is a support group of SCDL, which holds discussions with only female students to understand the hurdles and challenges that every female student is facing while returning to work and accordingly guides these students.
The sixth benefit is that SCDL conducts mentorship activities. The prime goal is to make certain that students are developing in academics and corporate skills.
The seventh benefit is that SCDL offers placement assistance services. This is for all enrolled students. Through the career assessment services, Symbiosis helps every student to identify an individual career path and reach to their career goal.
In a nutshell, MBA distance education Symbiosis is taking the entire responsibility of your career aspirations by charging a minimal amount. The efficiency and popularity of SCDL is evident from the following statistics: more than 80,000 active students; more than 1,20,000 alumni count; and international acceptance in more than 47 countries.
Cost-Benefit analysis of MBA University of Madras distance education
The fee structure for the MBA University of Madras distance education is the following:
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- Madras University graduates: MBA Year 1 (20,150 INR), MBA Year 1 online admission (20,740 INR), MBA Year 2 (17,600 INR)
- Other University graduates: MBA Year 1 (20,550 INR), MBA Year 1 online admission (21,140 INR), MBA Year 2 (17,600 INR)
- Project fee: 3,000 INR
You can opt for any of the following specialisations for the distance MBA program: Business Data Analytics, Systems Management, Marketing Management, Logistics & Supply Chain Management, Hospital Management, Finance Management and Human Resource Management.
University of Madras distance education offers huge financial benefits to the following groups of applicants. If you are a prisoner of Tamil Nadu, you get exemption in tuition fees provided you submit a ‘No Objection’ certificate from a competent authority. You get full exemption of tuition fees and special fees if you are a differently-abled candidate with a minimum of 40 % physical disability, which is evident from a national identity card for disability given by competent authorities.
Visually-challenged students get exemption from payment of tuition fees and examination fees if they arrange for a scribe. Dyslexia students are given the following benefits:
- They get extra time in examinations, which is one-third of the total examination time.
- Their spelling mistakes are overlooked.
- They get amanuensis for all courses. The condition is that the Medical boards of district headquarters hospitals, general hospitals or Government hospitals must certify this request
Dyslexia students consist of persons with spastic and cerebral palsy, seizure disorders, mentally impaired, slow learners, mentally retarded, mentally disabled and those having learning disability or learning disorders.
University of Madras distance education MBA program has a curriculum that is in conformity with the University Grants Commission (UGC) (Open and Distance Learning) regulations, 2017.
It is obvious that you should have a firm decision about joining a specific program. So, the university does not permit a change of course after taking admission. However, the benefit of joining this university is that in special cases, this university facilitates a change of course provided you are eligible and the authorities have approved this change. Such a change of course must be done within one month from the admission date by paying 1,000 INR as fees for the change.
Another feature of the Madras University distance education is the Personal Contact Program (PCP). This is of a duration of 11 days in a year and is optional. Out of your own interest, you can attend PCP to be benefited by classroom lectures on topics of high importance and resolution of your doubts and queries by faculty members.
Generally, the university sends the learning materials to the residence of students on a periodic basis. You can also visit the university to collect these in person. If time doesn’t permit you to do this, you can send your representative to the university with the student’s copy of the payment challan, and the university provides these learning materials to your representative. If you reside close to the Learner Support Centres of the university, you can procure these materials from these centres. Thus, you can choose the most beneficial method to receive learning materials.
Cost-Benefit analysis of Sikkim Manipal distance education MBA
Sikkim Manipal University Distance Education (SMU-DE) is given Rank no. 1 as a Distance Learning University by the Associated Chambers of Commerce & Industry  of India (ASSOCHAM), Careers360 and Silicon India. During the renowned 2018 Learning Award Ceremony, in the Digital Learning Transformation category, SMU-DE learning platforms were honoured with the Silver award. This is evidence of the superior quality of education that has benefited more than 5 lakhs alumni of this university.
The first benefit of Sikkim Manipal distance education MBAÂ is that the institute has the facility of flexible payment options. You can pay your fees as EMIs or in instalments. This decreases the financial burden considerably. The EMI facility can be used with all credit cards. You can disburse your semester fee in four interest-free instalments using your internet banking, debit cards or credit cards.
SMU-DE is providing the following financial benefits to students of Sikkim and North East states, differently-abled students and defence personnel.
The university is providing a fee waiver benefit of 30 % to the students who belong to the North-East states in India provided they have valid address proof of being residents in the following states: Sikkim, Mizoram, Tripura, Manipur, Meghalaya, Nagaland, Arunachal Pradesh and Assam.
SMU-DE is enrolling differently-abled individuals for Sikkim Manipal distance education MBAÂ under the Divyang scholarship scheme. As per this scheme, such individuals get a 30 % fee concession. Moreover, dependents of such individuals and family members of such individuals can also avail this scheme. The only condition to get the benefit of this scheme is that the differently-abled individual must furnish a valid certificate from an authorised doctor.
If any defence personnel or family member of a defence personnel wants to pursue Sikkim Manipal distance education MBA, this institute is providing 30 % concession on the tuition fee. This is applicable for not only those defence personnel who are in active service but also those who are outgoing or retired. Moreover, in addition to the Indian Armed Forces (Army, Air Force and Navy), Paramilitary forces (CISF, BSF and CRPF) and Indian Coast Guards can also benefit from this scheme.
SMU-DE takes several measures to establish comprehensive personal develop of all students. These are skill enhancement webinars for professional excellence, student orientation programs and placement drives.
This distance education institute has developed EduNxt, which is an award-winning learning system. On this system, you can access rich content, participate in discussion forums, read articles and blogs, take part in quizzes and appear for examinations. EduNxt is referred to as a ‘portable campus’ on which you have access to more than 1 million online books.
You can also get the benefit of placement assistance. The statistics of the placement cell of this university is impressive. So far, SMU-DE has conducted 670 placement drives in which more than 400 corporates were involved. There were about 40,000 candidate walk-ins with placement of 8,500 students.
It can be easily concluded that you can get several benefits if you enrol in this program by bearing a modest amount as the program fees.
Conclusion
After due consideration of the financial benefits, your learning situation and personal circumstances, you can definitely come to the proper conclusion about whether a specific distance MBA program is the right investment for your future. The rule of thumb is that the optimum program aligns with your unique career aims, spending potential and learning preferences. Thorough research from your side results in your distance MBA program becoming a transformative step in your professional journey.
