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If you are prioritising affordability and flexibility over in-person interactions with your peers and educators, then an online MBA might be worth it. An online MBA essentially gives you a splendid return on your investments if you’re a working professional who is working while acquiring the prestigious MBA degree through online mode of learning. In such a case, you earn both money and a degree at the same time. You save money as well as time and so it is a win-win!
You must be aware of how so many prestigious B-Schools in India including IIMs have been offering an online MBA degree but do they offer the same value as their full-time programs? Let us check it out with the help of actual facts and figures.
An MBA degree in India is as expensive as it is prestigious. There are only a few good Government colleges that offer an MBA, all the other good ones are private B-schools with enormous program fees.
However, these prestigious business schools have been offering an affordable solution by introducing an online MBA degree at an extremely feasible cost. Some of the best universities that offer an affordable online MBA in India are mentioned below with their total program fee.
It is true that the salary offered to online MBA graduates is a little less than that offered to full time MBA graduates. But then why is it said that an online MBA gives you a better Return On Investment (ROI)? This is because you pay a much lesser program fee for an online MBA than what you pay for a full-time MBA.
There is a huge gap in the program fee of online MBA v/s regular MBA but not that much gap when it comes to the salaries offered. You get high salary packages ranging from INR 10-20 lakhs, after a traditional full-time MBA but you first have to pay a humongous fee ranging from INR 18-20 lakhs as well.
And this is only the tuition fee. For a full-time MBA, there are other factors that affect the cost like relocation to a new city, living and commuting expenses.
While in the case of an online MBA, you have to pay less than 3 lakhs rupees to get salary packages ranging from INR 7-10 lakhs. In this case, you do not have to relocate or travel to the college everyday. You can comfortably attend classes from anywhere on earth. Refer to the table below for a clearer understanding.
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