What are the benefits of earning an online MBA degree?

By universitykart team, Posted on Apr 11, 2023
Online MBA

(1). About Online MBA

Online MBA programs tend to draw older and extra-skilled candidates than their full-time MBA counterparts. Online students who apply for the MBA also work full-time during their studies. The degree is an opportunity for candidates who cannot or do not have to muster the 2 years of manpower required for a traditional full-time MBA.

Online MBA students enhance their enterprise information and skills, store the expenses of moving to study, retain progressing of their careers while they study, and construct a wide-and-deep community of specialists throughout industries and geographies” asserts Amy Foster, director of the Online MBA program.

According to GMAC’s mba.com Prospective Students Survey, there are also several key post-MBA career goals that Online MBA candidates have in common. Sixty-three percent of Online MBA candidates want to get a raise/salary increase; 47 percent want to manage people; 41 percent want to obtain a senior-level position; and 40 percent want to change job function/occupation or get a promotion.

If you need to observe your work; if you’ve hit a ceiling on your contemporary position and you’re keen to land a promotion, improve your salary, or work at a greater senior stage dealing with people, an Online MBA is for you.

(2). Top Online MBA colleges in India

After research and comparisons on various parameters such as affordability, rankings, accreditations, faculty, LMS, placement, and career support, we have narrowed down to the 7 best online universities to offer an online MBA degree. You will easily be able to find these universities offering all the specializations mentioned in this blog.

Given below are some of the best online universities for online MBAs along with the specializations that each of them offers.

Name of College MBA Specializations offered
Jain Online Logistics & Supply Chain Management, General Management, Marketing Management, Human Resource Management, Marketing & Human Resource Management, Systems & Operations Management, Project Management, Aviation Management, Human Resource Management and Finance, Business Intelligence & Analytics, Information Technology Management, Finance Management, International Finance Management, Finance & Marketing Management
LPU Online Finance Management, Marketing Management, Data Science Management, Human Resource Management
UPES Online Project Management, International Management, Oil & Gas Management, Aviation & Infrastructure Management, Power Management, Data Science Management, Renewable Energy Management, Logistics & Supply Chain Management, HSE (Industrial Safety) Management
NMIMS Supply Chain Management, Banking and Finance Management, Information Technology and Systems Management, International Trade Management, Business Management MBA- Marketing Management, Financial Management, Operations Management, Human Resource Management, Retail Management
Chandigarh University Online International Business Management, Marketing Management, Finance Management, Human Resource Management
Amity University (Online) Human Resource Management, Petroleum & Natural Gas Management, Retail Management, Production & Operations Management, Entrepreneurship, and Leadership Management, Information Technology Management, Finance and Accounting Management, Insurance Management, Global Finance Market, International Business Management, Hospitality Management, Marketing & Sales Management
Manipal Online Finance Management, Operations Management, Human Resource Management, Retail Management, Analytics & Data Science Management, IT & Fintech Management, Banking, Financial Services, and Insurance, Marketing Management

(3). Top Online MBA Specializations

Listed below some of the top demanding Online MBA specializations are as under:

Specialization Description
Project Management Project Management is the specialization of an MBA that focuses on the specifics of managing projects within a department by leading a team to achieve all the goals of the project. As a Project Manager, you will be required to focus on specific projects to lead them effectively and efficiently to produce the desired output. There is great scope in this field as it has been seen that various organizations have failed to manage projects efficiently in the absence of a project manager. Therefore, they have been hiring managers dedicated to specific projects and not to forget the worthwhile salaries offered.
Marketing & Sales Management Marketing and Sales are presently one of the maximum famous specializations of an MBA program. The task roles after graduating from this specialization are creative, innovative, and lucrative. This direction teaches you to perceive and be updated with the converting commercial enterprise landscapes and demands. You additionally research the significance and alertness of each conventional and current marketing. You might be capable of discovering current advertising and marketing strategies to recognize advertising and marketing at each local and worldwide scale.
Petroleum & Natural Gas Management The management roles in the Petroleum and Natural Gas industry require not just managerial skills but also knowledge of the fundamentals of the oil and gas business. Hence, this specialization has been created to make the students aware of the fundamentals of petroleum explorations, petro economics, refining, and environment and carbon finance. If you wish to enter the Energy industry in managerial roles, then knowledge of these subjects is a must, and hence MBA in this specialization is what you must opt for.
International Business Management With growing networking throughout the globe, companies have additionally been transcending obstacles and getting set up in diverse international locations across the world. This specialization isn't like ordinary enterprise control as you want to be aware of the worldwide practices in businesses.
International Trade Management Trade inside the worldwide marketplace has a variety of activity possibilities for control graduates. However, those jobs require you to be aware of the control practices precise to the global alternate market. Hence, this specialization has been designed to prepare students for managerial roles in the international trading industry. The industry is vast as it spans the globe, so naturally, the scope of a career is great as well.
Logistics & Supply Chain Management In any business organization, the management of logistics and the supply chain of the products is an important and integral part. Logistics management requires you to organize and manage the process of integration, storage, and maintenance of goods in the organization while Supply Chain management requires you to efficiently organize, coordinate, and manage the movement of supply chains of the organization. This program specializes in this aspect and makes its students ready to effectively oversee the logistics and supply chain management in their organizations.
Operations & Production Management Operations and Production is a crucial facet of any business organization. Therefore, this specialization aims to develop managers to specifically deal with the operations and production departments of an organization. The course teaches you the fundamentals of operations management along with procurement management, quality management, logistics as well as distribution channel management. Other important subjects you will be learning if you specialize in Operations and Production are optimizing capacity and production, determining output to measure performance, and cutting operating costs.

(4). Benefits of earning an online MBA degree

If you need to move similarly in business, a Master of Business Administration (MBA) graduate diploma can assist get you there. MBAs are required for lots of control positions, they are visible as useful while organizations are thinking about applicants for management roles, and they can assist boom each beginning revenue in addition to long-time period income through tens of heaps of greenbacks each year.

If you are considering an MBA but do not need to uproot your life, an Online MBA application offers greater flexibility and convenience. Here are some major benefits of earning your MBA online:

(1). Learn in a Digital Setting

Not every person flourishes in in-person, conventional study room settings. The virtual surroundings supplied via way of means of an internet MBA application permit college students to work at their pace, the usage of generation equipment they may be acquainted with. With online MBA coursework to be had on any device, you may take your research at the move and use a phone or pill for always-on learning.

(2). Advance your Career

Don't sacrifice career momentum to obtain your degree. Pursuing an MBA degree signals to an employer that you are passionate and serious about advancing your business career. Working toward an MBA online may allow you to take on more responsibility at work while you're studying, as you can stay engaged with your employer and accelerate the current career growth path you're on.

(3). Apply what you Learn

Apply what you're learning to a current role and potentially obtain higher positions while you're studying and beyond. Your courses may help you to think in innovative ways, which can help you become a better problem-solver at work. A survey of graduate business school alumni found that 93 percent say their education was personally rewarding, and 91 percent say it's professionally rewarding. Your coursework may help you to think in innovative ways to become a better problem-solver at work, or even start your own company.

(4). Study Freely

Taking MBA courses on campus may restrict you in terms of where you can work, how often you can travel, or where you can live. As you study for an online MBA, the rest of your life can continue however you want it to. Pack up and move or travel for a few months between courses. The choice is up to you.

(5). Fits any Schedule

You aren't confined to attending class at a certain time when you study in an online MBA program, so you can view lectures and study when it's convenient for you. You can also study at intervals throughout the day.

(6). Take a class where you want

Eliminate the commute or need to relocate. Study on any device, from the comfort of your own home or wherever you would like. Make your work commute more productive by studying on public transportation. Or, lounge by the pool as you take in a class; enjoy any learning environment you want as you work on your MBA.

(7). Gain Mentors

Online MBA programs often have small class sizes, which allows for plenty of one-on-one time with professors who can become valuable mentors on your career journey. Utilize always-on access to feel empowered to ask professors questions, get personalized advice, and improve your business acumen.

(8). Obtain a Global Perspective

Today's top business environments require a global sensibility, so companies can expand and stay ahead of competitors. Meet business professionals from around the world in online MBA courses, work with them on group projects, and gain valuable insights from them through peer reviews. New relationships can lead to global career opportunities for students.

(9). Work while you study

Work part-time or full-time while you study. Keep your current job or take on a role that allows you to earn money toward paying for your degree while you're pursuing it. Some companies will even pay for you to get your MBA while you're employed by them. 34 percent of Online MBA students were sponsored by their employer for their MBA program.

(10). Network with Business Professionals

Connect with different enterprise specialists who're college students in your classes. Learn from professionals in the subject you need to work in. Work on institution coursework in an internet MBA software that offers college students a wealthy perception of modern techniques and innovative problem-solving.

Use connections to benefit effective referrals and references after graduation. An observation via way of means of Glass Door discovered the probabilities of having a process provide are as much as 6.6 percent better in case you are referred via way of means of a modern-day worker of the company. Three Studying for an Online MBA widens your community with precious new connections.

Conclusion Note

We hope this blog will useful for you and that you got an idea about all the benefits that an online MBA offers. If you need any information about the colleges that we mentioned in this blog for online MBA, then you can visit the website of Universitykart to get more insights about these colleges.

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