(1).
About Online MBA
Online MBA applications are designed that will help you benefit from the competencies and understanding you want to achieve in your career. These packages will assist you to increase your enterprise studies and analytical skills, and management capabilities. They additionally offer a first-rate possibility to community with like-minded specialists and increase your expert community.
Online MBA packages are getting more and more famous amongst college students who need to earn a diploma whilst they hold to work. They provide flexibility, convenience, and the choice of creating credit thru online publications and exams.
Online MBA programs are designed for those who want to earn their degree from the comfort of their home. Moreover, online students have access to the same professors and resources as traditional students, but instead of attending class in person, they engage with the coursework remotely.
(2).
Eligibility for an online MBA program
(i). The
applicant must hold a bachelor’s degree with a minimum academic achievement of
60%.in Bachelor’s degree
(ii). Good communication skills are required.
(iii). It is highly recommended to have two to three years of work experience.
(iv). There is no need to prepare for any kind of entrance One can get
admission into an online course based on your obtained marks from Bachelor’s
degree.
(3).
Benefits of Online MBA scholarship
Online
MBA Scholarship is a possibility to be able to get better schooling in
the field of enterprise administration. It also provides the best chance to get
admission to the top MBA colleges. Online MBA has become a popular educational
option because it makes it easier for students to study at their convenience.
The benefits of an Online MBA scholarship are mentioned below:
(1).
Time management
With online classes, there are no exams or papers which means that there is no pressure on students to study on time; instead, they can focus on other aspects of their lives such as work or family instead of wasting time studying for exams and assignments which takes away from other important things in life such as socializing with friends or family members.
(2).
Flexibility
If
you want to take classes at your convenience, then an online MBA is the best
option you can attend classes whenever you want and wherever you want without
any limitations.
(3).
Cost
The cost of studying in an online MBA program is far less than in traditional programs; this means that it will be more affordable for all students who cannot afford expensive tuition fees or accommodation costs which may impede them from getting into top universities or colleges.
(4).
Financial Aid for online MBA in Indian colleges
Many Indian colleges offer financial aid for students pursuing an online MBA. Some common types of financial aid include scholarships, fellowships, and loans.
(1).
Scholarships
Scholarships
are awarded based on academic performance, financial need, and other criteria.
You can check with the colleges you are interested in to see what scholarships
are available for online MBA students.
(2).
Fellowships
Fellowships
are similar to scholarships, but they are usually awarded for research or other
academic pursuits. You can inquire about fellowships available for online MBA
students.
(3).
Loans
Many
banks and financial institutions in India offer education loans for students
pursuing an online MBA. These loans can be used to cover tuition fees,
accommodation expenses, and other related costs.
It's
important to note that the availability and eligibility criteria for financial
aid can vary by college, so you should check with the specific colleges you are
interested in to learn more. Additionally, some colleges may require you to
have a minimum GPA or other academic qualifications to be considered for
financial aid.
(5).
Scholarships for Online MBA in India
There are several scholarships available for Online MBA in India. Some of them are:
(1).
AICTE PG (GATE/GPAT) Scholarship
This
scholarship is for students who have qualified for GATE or GPAT and have taken
admitted to AICTE-approved programs like MBA. The scholarship provides
financial assistance of up to INR 12,400 per month for 24 months.
(2).
ONGC Scholarship
This scholarship is offered by Oil and Natural Gas Corporation (ONGC) to students pursuing professional courses like MBA. The scholarship provides financial assistance of up to INR 48,000 per annum.
(3).
HDFC Educational Crisis Scholarship Support (ECSS)
This
scholarship is for students who are facing financial hardship due to a family
crisis. The scholarship provides financial assistance of up to INR 75,000 per
annum.
(4).
Aditya Birla Group Scholarship
This scholarship is for students pursuing postgraduate studies in management, including Online MBA. The scholarship provides financial assistance of up to INR 1,80,000 per annum.
(5).
Sitaram Jindal Foundation Scholarship
This
scholarship is for economically weaker students pursuing professional courses
like MBA. The scholarship provides financial assistance of up to INR 35,000 per
annum.
These
are just a few examples of scholarships available for Online MBA students in
India. You can also check with individual colleges and universities for their
scholarship programs.
(6).
Online MBA Scholarships from IIMs and other top colleges in India
Listed below are some of the colleges which provide scholarships for their students to complete their higher education.
(A). SP.
Jain Institute of Management and Research, Mumbai
SPJIMR
Mumbai sticks out for its particular course in control education. It offers a
wide variety of programs and also supports its meritorious and deserving
students by awarding them financial assistance.
Merit
scholarship for postgraduates
To
be eligible for scholarships in this category, students must showcase:
(i). Minimum
of 75% in all years of education 10th, 12th, and each year of graduation
(ii). High entrance test scores: a minimum of 720 in GMAT and 95 percentile in
CAT/SPJET
(B).
Xavier Labour Relations Institute, Jamshedpur (XLRI Jamshedpur)
XLRI Jamshedpur is the oldest management institute that offers various scholarships based on merit and the need for an economically weaker section of students. The list of scholarships offered by XLRI are:
| Name of Scholarship | Benefits |
| Joseph M Sciortino (for ST Students) | An aid of INR 25,000 is granted to the second-year ST category students. |
| XLRI Diamond Jubilee (Seniors) | Second-year students are granted an aid of tuition fees up to INR 2,85,000. |
| Kalyan Ganguly XEF Scholarship | A merit-cum-need financial aid of INR 1,00,000 is granted to second-year students. |
| OP Jindal Engineering and Management | Merit-primarily based total resource of INR 1,50,000 is granted to second-yr college students who seem for online exams and interviews carried out with the aid of using the company. |
| Vasantha Sankaran Scholarship | A resource of INR 1,00,000 is granted to 2nd-year college students in keeping with the stipulated standards with the aid of using the donor. |
(C).
Management Development Institute, Gurgaon (MDI Gurgaon)
MDI Gurgaon focuses on 360-degree development through a combination of a rigorous academic curriculum and extracurricular activities for its students. Along with this, it provides adequate financial relief for students in the form of industry-backed and international scholarships.
| Name of Scholarship | Benefits |
| International scholarship | It is offered to college students who cross the trade application to MDI’s accomplice Universities/Business Schools such as Sciences Po Lille, Lille, University of Maribor, NUCB Business School, Japan, etc. |
| OP Jindal scholarship | The 2nd-year college students are granted a resource of INR 1,50,000. Further, a merit award of INR 10,000 is awarded to the top five second-year students. |
(D). Indian Institute of Management Ahmedabad
IIM Ahmedabad is globally identified for its excellence in control education. Getting into it, it's far not anything much less of a dream come genuine for MBA aspirants. For the highly expensive cost programs, it offers various scholarships options to the students such as:
| Name of Scholarship | Benefits |
| Scholarship-on-offer | This scholarship gives a hobby waiver of the quantity of INR 3,00,000 to meritorious college students on their application loans. |
| Doctoral studies scholarship | The IIM A graduated college students who pursue doctoral research from India or overseas are supplied economic resources of as much as INR 4,00,000 for 3 years. |
| Need-based scholarship | The scholarship amount under need-based scholarship is decided based on several criteria such as annual gross family income, ownership of assets, and the number of dependents in the family. All students admitted to the post-graduate programs (PGP & PGP-FABM), whose gross annual family income is below INR15,00,000 are eligible to apply for this scholarship. |
| NPO scholarship | The college students who choose jobs in Not-for-Profit agencies are given monetary comfort of as much as INR 4,00,000 for 3 years to pay the notable MBA loan. |
(E). Indian Institute of Management Calcutta
| Name of Scholarship | Benefits |
| Merit-cum-Means Scholarship | It is provided to students belonging to minority communities by the Ministry of Minority Affairs, Government of India. The full fee is reimbursed under this scheme. |
| Merit Scholarship | First and second-year students are granted a scholarship of INR 25,000 based on their performance during one academic year, as determined by their CGPA. |
(F).
Indian Institute of Management Bangalore
IIM Bangalore is known for fostering excellence in management, innovation, and entrepreneurship. Keeping this in mind, the institute comes with need-based and merit-based scholarships to extend financial assistance to its students.
| Name of Scholarship | Benefits |
| OPJEMS scholarship | This merit-primarily based total scholarship is given to PGP college students in their 2nd year. The first ten toppers of the second year based on their academic performance in the first year are eligible to apply. One student of each academic year will be awarded a scholarship amount of INR 1,50,000 based on an online test conducted by OP Jindal. |
| Citi Women's Leaders Group | This is a benefit scholarship that covers the second year’s lesson expenses. Candidates are selected from the top 25% of the batch at the end of the first year. Nomination is done by the institute and the students are selected based on their Statement of Purpose and subsequent interviews scheduled by Citi Group. |
| Need-based scholarship | All PGP undergraduate students whose annual parental income is less than INR 8,00,000 are eligible to apply for financial aid. Other people who experience serious financial difficulties due to sudden and unforeseen circumstances are also considered. |
| Aditya Birla scholarship | This merit-primarily based total scholarship is given to PGP college students in the first and 2nd years. The scholarship amount is INR 1,75,000 per student. |
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