Top 5 most affordable Online MBAs in India
With the rapid growth in the diverse business landscape, a management degree is highly beneficial. It has become a highly desired degree for career progression. A management degree with flexibility and accessibility has become a necessity for students and working professionals who are looking for flexible learning opportunities. The emergence of online MBA programs has solved this problem to a great extent.
Need for Online MBA courses
Distance MBA education was the only option to get a management degree with flexibility before the debut of MBA Online courses. Although, the distance MBA courses provided flexibility in learning, the quality of education was not that great.
In MBA Distance courses, the study material is sent either through email or speedpost. There is no provision for classes and proper guidance. Meanwhile, if you are enrolled in an MBA Online course, you will get consistent live and recorded classes.
Here are some of the most important factors that make an Online MBA more appropriate:
● It has the facility of interactive classes.
● You can access live and recorded classes through an advanced Learning Management System (LMS).
● The classes are supported by highly qualified faculty members who have remarkable industry experience.
● Obtaining an Online MBA is equivalent to a regular MBA and a Distance MBA.
Top 5 most affordable universities for Online MBA
MBA courses online are offered by some of the most accredited universities in India. You have the option of pursuing your Online Management degree from highly accredited and approved universities.
Most of the top online universities that offer MBA Online programs have a very affordable fee structure. However, you may be unaware of the affordable universities that are highly recognized. To help you with this, we will be discussing the top 5 most affordable universities for Online MBA-
1. IGNOU University
Indra Gandhi National Open University(IGNOU) is one of the largest open universities in India that offers Online MBA. It is a government-regulated university that is highly regarded for its quality education and affordable fee structure. It also offers MBA Distance Education but the Online MBA is highly preferred by the students.
The fee structure for Online MBA courses at IGNOU is INR 15,500 per semester. The total fee structure for this program is INR 62,000. This fee structure is the same for all the specializations provided.
Here are the specializations provided by IGNOU in MBA Online Education:
● Online MBA in Marketing Management
● Online MBA in Financial Management
● Online MBA in Human Resource Management
● Online MBA in Operations Management
● Online MBA in Services Management
2. DY Patil Vidyapeeth COL
Dr. D.Y. Patil Vidyapeeth- Centre for Online Learning (DPU-COL) is a well-regarded university that offers Online MBA programs. It is approved by the University Grants Commission- Distance Education Bureau(UGC-DEB) and recognized by the All India Council for Technical Education (AICTE). Apart from this, it is accredited by the National Assessment and Accreditation Council(NAAC) with the highest A++.
DPU-COL offers a wide range of specializations. These specializations are designed to offer comprehensive knowledge and expertise in various management disciplines.
Here is the list of Specializations offered by the DPU-COL:
● Artificial Intelligence & Machine Learning
● Blockchain Management
● Business Analytics Management
● Digital Marketing
● Finance Management
● Operations Management
● Project Management
● FinTech Management
● Logistics, Materials, and Supply Chain Management
● Marketing Management
● Hospital Administration & Healthcare Management
● Human Resource Management
● IT Management
● International Business Management
The fee structure for these specializations is very affordable. However, the fee structure varies based on various categories. The category-wise fee structure for DY Patil COL is mentioned below-
● Indian Students Total Fees- INR 1,30,000
● For Indian Defence / Differently Abled Students Total fees- INR 1,25,000
● For DPU Staff/Alumni Total Fees- INR 1,15,000
● For international students Total Fees- $2700
3. Manav Rachna Centre for Distance & Online Education
Manav Rachna Centre for Distance & Online Education is a prestigious higher education institution that offers an Online MBA program. It offers this program with excellent pedagogy with the support of highly qualified faculty members. The curriculum is highly industry-oriented with a wide range of specializations.
Here are the specializations offered:
● Banking and Insurance
● Entrepreneurship and Small Business
● Finance
● Human Resource
● International Business
● Logistics and Supply Chain Management
● Marketing
● Waste Management
The fee structure for an Online MBA at Manav Rachna Centre for Distance & Online Education is highly affordable. You won’t feel any significant financial burden while pursuing this course. The fee structure for an online MBA is INR 1,44,000 (Semester Wise Payment), INR 1,35,000 (For Year-wise Payment), and INR 1,26,000 (One Time Payment).
4. Online Manipal
Online Manipal is the most popular university in India that offers MBA in Online mode. It is approved by the UGC-DEB and recognized by AICTE. The advanced Learning Management System (LMS) of the Online Manipal allows students to pursue their management degree at their own pace.
The fee structure economical than the regular MBA courses. The total fee for an Online MBA is INR 1,50,000 for the wide range of specializations it offers. Here is the list of specializations offered by Online Manipal University:
● Analytics & Data Science
● Banking, Financial Services, and Insurance
● Human Resource
● Finance
● Marketing
● IT & FinTech
● Operations
● Retail
5. Lovely Professional University Online (LPU Online)
Lovely Professional University Online (LPU Online) is one most prestigious universities and is highly regarded for its Online MBA program. Besides being popular in India, it is also popular globally. It offers an industry-specific curriculum that significantly provides in-depth knowledge and expertise in Business Management.
The fee structure for the MBA Online program at LPU Online is highly reasonable. It does not put any financial burden on the students. The fee structure for an Online MBA at LPU Online is INR 1,42,000.
This fee structure is the same for the specializations mentioned below:
● Finance
● Data Science
● Marketing
● Human Resource
Why Choose College Vidya?
You should choose College Vidya because of its unbiased approach. It has a highly user-friendly platform that allows the user to compare a list of online universities approved by the UGC-DEB. Its Compare feature allows the students to select the best online university after proper analysis. It also provides post-admission support and access to the alumni community to the students. All the facilities available on the College Vidya platform are free of cost.
Conclusion
In conclusion, the online universities mentioned above are highly affordable for Online MBA. It is advisable that you must go through the approvals and accreditations of a university. The Online MBA is comparatively more affordable than a regular MBA and highly efficient than the Distance MBA program. Pursuing an MBA Online Mode is a smart move toward a highly rewarding career through flexibility in learning.
