MBA (Master’s in Business Administration) is a top-rated course among graduate students looking out for better job opportunities and stable professional life.
Once a student has completed their bachelor's program, life takes another turn.
There's pressure to finally start taking responsibility, at least for oneself, establish a career and take up life on individual terms.
Some students take up their master’s program immediately after completing their bachelor's.
Then some students take up master's courses after a significant gap in their study years in which they choose to bloom as a professional.
On both matters, it's a choice, and there's nothing right or wrong.
Everything was digitalizing, but the transition was given a boost as soon as Covid-19 had hit the world.
The idea of online education wasn't as popular until 2020. But now people understand that teaching and learning can be taken to virtual platforms.
From there, we come onto the concept of Online MBA programs. We are quite familiar with a regular MBA program, but let's look briefly at an online MBA curriculum and how that works in today's world.
What is an online MBA?
Online MBA courses are specially curated business programs wherein students can take up their classes and assessments without visiting the college or institution regularly and continuing their life activities that would otherwise get interrupted.
Simultaneously, an online MBA allows learning from the best universities and colleges, even at a distance.
Traditional MBA courses require students to visit the college, take classes, and conduct various related tests and assessments on a pen, paper, or in a common classroom (if digitally).
Benefits of an Online MBA
With high accessibility and an easy-going pace, there are multiple advantages to pursuing an online MBA course. Let us look at them in a bit more precise manner:
Remote accessibility
Online MBA programs have given students to fulfill their dream of pursuing an MBA even from the world's corners.
The most common problem faced by many students was to reallocate as per the college's location, which is now solved through the introduction of an online MBA in India.
Many popular and top colleges have come up with the program on their list.
Professional life can hang on.
The biggest problem online MBA programs have solved is the need for aspirants to give up their jobs to pursue an MBA.
Now, professionals have the option to continue working while they are pursuing their master's degree in business.
Cheaper than the regular program
The MBA counts as one of the most expensive education programs. In good colleges, the fee for regular MBA programs is quite high.
That makes it hard for many students to pursue an MBA program despite their interests. This problem has been extensively solved through the introduction of online MBA courses.
Benefits of regular MBA
It is quite true that there's nothing better than real interaction in a teaching-learning process. Now, let's look at the benefits of a regular MBA program.
A better experience
For someone looking to gain first-hand experience in understanding business terminology at an expert level, there's nothing better than a regular MBA program from a good institution.
The quality is very vivid for a classroom learning experience.
In-campus job opportunities
For those visiting colleges regularly, a significant advantage is in-campus job opportunities.
For IIMs and SP Jain, the best companies come to recruit from the campus, making it easy for students to bag better job opportunities.
Better exposure
A significant part of any education program is the interaction and activities in real classrooms and inside the campus.
To appear for assignments, conduct surveys, and present work has significance when it comes to exposure.
Is employer value good for an online MBA degree?
No matter how good the technology is, it is true that nothing can be compared to real classroom learning, where teachers and students get to understand, ask, and resolve their queries.
There is a personalized touch to classroom lessons that will always have superiority.
But an online MBA is equally beneficial for good work life. Especially if someone has been working alongside studies, it becomes even more advantageous.
If your dedication is high and you are sincere about your task, an online MBA can land you well-paying job opportunities.
For the most part, it is highly dependent on your skill set for the kind of professional life you are living.
There are opportunities where you can make the most out of it and establish a well-paying career for yourself.
Factors to make an informed decision
Here's a list of things to focus on before deciding for yourself regarding the kind of MBA you would pursue:
Your location
There might be chances when you might get acceptance into a very good college for an online MBA, but allocation becomes a challenge.
It is better to choose whether allocating to the place will benefit you more or staying where you are and taking up the Online Course will!
Your budget
An online MBA is a cheaper option in comparison to a regular one. So, look at your investment plan and decide accordingly what will be a positive return on your investment.
Work-life
If you have been living a well-paid work-life where an online MBA course can help you increase your package, do the needful.
Similarly, if you think quitting your job and giving time to a regular MBA can land you better plans, then do what's good! Ultimately, the observation and understanding are yours.
Your preference
Though this makes for the last pointer, this point remains the most significant. Some people love the experience of classroom learning, but then, some prefer to choose something that would not require them to go back to college.
It is essential to invest your time in a place that makes you feel good and interested.
So, here is a guide for an Online MBA program compared to a regular MBA. I hope that we can resolve your doubts, enabling you to make a better decision for your professional life.