The first online MBA Program was started by Aspen University in 1987. Since then the popularity of this mode of MBA has grown rapidly over the years. Today as the world is ushered into the new age of Digital Learning, online MBA programs have a bright future ahead.
It allows you to explore the world of MBA right from the comfort of your home. Today over 60% of the MBA courses are offered online and over 46% of MBA aspirants opt for online MBA.
With a variety of course formats, including recorded lectures and live web conference courses conducted in virtual classrooms, online MBA programs are all about flexibility.
But this mode of MBA too has some clear disadvantages. The ROI of online MBA programs is 76% lower than on-campus MBA programs. Further a significant number of students with online degrees do not get qualified jobs and the cost of online MBA programs is only 20% less than on-campus programs. This mode lacks peer-to-peer interaction and scope for networking too.
Eligibility criteria – Candidates must hold a bachelor’s degree with a minimum of 50% score (depending on the college).
Some of the colleges for Online Learning:-
“In the end that was the choice you made, and it doesn’t matter how hard it was to make it. It matters that you did.”– Cassandra Clare, City of Glass
So, we would conclude by stating that the best MBA program ultimately depends on your requirements. If you’re looking climb the corporate ladder faster in your current company then a part-time or an online MBA program will work best for you. If you’re looking to build up your business skill set and enter the corporate world with more vigor then with 2-3+ years of work ex, an Executive MBA would be the right path for you. Finally, if you’re looking to start a new career or a full-time job then the 2-year full-time MBA programs are the way to go.
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