With the economy gradually overcoming the Covid-19 pandemic-induced lockdowns and restrictions, businesses are working hard to restore their operations to pre-Covid19 scales and growth trajectories. Businesses are back striving hard to lead innovation in their respective business category. At the same time, modern workplaces are constantly evolving to keep pace with the unprecedented transformative technological changes.
These developments have made organizations seek professionals having excellent knowledge and skills in Business and Management to take up managerial and leadership positions. It has therefore become imperative for employees to learn about leadership skills and best practices in management.
Importance of an MBA today
The advancement of technology is also changing the Education landscape, giving students and working professionals convenient and flexible learning and continuing education methods. These online courses help fresh graduates and working professionals to manage their personal and professional life effectively.
Candidates enjoyed the privileges of pursuing an MBA degree offline or online during the pre-COVID-19 situation. However, the current pandemic has forced several things to take the ‘Online’ route, including primary to professional education. An MBA degree is considered highly covetable as it opens up many career doors.
Online management courses provide professionals and recent graduates the opportunity to earning the required management knowledge and skills that organizations are seeking. For working professionals acquiring a management degree from a good university helps in skill enhancement, enhances their career advancement potential, helps get a boost in salary, and also provides networking opportunities.
This changed perception towards online education and the need to adapt has increased conversations about online MBA courses compared to other courses, both in the student community and amongst working professionals. If you are planning to enroll for an Online MBA program, it is necessary first to ascertain why an online MBA is crucial and the career benefit it provides.
Let us now look at the Key 7 Reasons why getting your MBA degree online is the best decision.
Typically, people considering an online MBA are invariably working professionals who need to balance work and family responsibilities while being keen to pursue their career goals. MBA courses offers different forms of learning:
Synchronous learning – learning during an appointed class or project time
Asynchronous learning – Learning that you can complete at a time that’s best suited for you
This flexible course schedule gives the online MBA programs the ability to align with the work schedule’s demands and constraints.
MBA Program fees are a critical factor for many ambitious students and working professionals. As compared to a campus-based course which could cost upwards of INR 10-15 lakhs, an online MBA program may cost in the range of INR 50,000 – 1,50,000. (These are indicative costs and can vary depending upon specialization and enrolling Institution.
Online MBAs, therefore, offer excellent value in terms of reasonable cost and timeline flexibility.
The opportunity to continue to work while pursuing Management studies is a huge advantage.
3. Career Advancement
Taking up online MBA courses provide exposure to networks, opening up numerous career opportunities as per specialization. This, in turn, facilitates you to develop expertise in that field and excel in your career accordingly. Doing online MBA programs from top business schools also helps you land a career in management positions.
4. Management Skills Development
Fresh graduates and working professionals can pursue an online MBA. The course helps them develop their managerial skills, along with other essential skills in Leadership, Decision-making, Critical thinking, etc., required to be a good Manager. These skills enable MBA aspirants to lead creativity and innovation within their organizations, enabling them to take their companies to greater heights of achievement.
Enrolling in online MBA courses also helps explore new ideas that can invariably contribute to business growth.
5. Range of different Specializations
Online management courses offer a relatively more extensive of specializations due to their inherent ability to collaborate/network with other management institutions and engage Industry experts in visiting faculty. These include Marketing, Strategic Management, General Management, Human Resource Management, Finance, Entrepreneurship, IT Management, and International Business. Candidates can choose the specializations as per their aptitude, interest and career plans in the 3rd and 4th Semesters.
6. Personal Achievement
The ability to pursue an online MBA degree while working and balancing personal/family commitments is an exceptional individual achievement in itself. It undoubtedly boosts your confidence to embark on a career journey gaining intellect and wealth. Besides this, an online MBA program study provides you with the money to progress and grow in your sector of interest. Such career accomplishments invariably fetch respect in others’ eyes.
7. Be a Successful Entrepreneur
As you enjoy personal achievements and career goals, learn about business management, and expand your network reach, the journey throws up exciting opportunities to explore becoming an Entrepreneur.
The online MBA program exposes you to different scenarios that motivate and seed for starting your own business. You can share your ideas with fellow students, professors, Industry Experts cum visiting Faculty, which gives much-needed clarity in starting your business.
There are a few other reasons too, which are good to be cognizant of:
Access to a more extensive global business network: Enrolling in the best online MBA program will expose you to the extensive and larger business network. Most online MBA programs prioritize attracting international students, offering international business immersion opportunities, and even establishing satellite universities in other countries. Since online MBA students usually don’t see their classmates every day, the opportunity to connect with other students, faculty and professionals in immersive international settings can make an enormous educational impact even if the experience lasts just a few days. Interactions with a much larger global pool of fellow students, professors, and business persons, helps gain a diverse range of management knowledge and experience. This will significantly enhance your business management acumen and networking competencies. Such broader engagement across boundaries will help create international business network opportunities and help you participate in global events and affairs.
Access to Innovative Technologies: Online MBA programs deliver quality curriculum straight to their students’ computers. They tend to curate courses at the cutting edge of business technology and are very contemporary in their practice. Many online MBA programs offer comprehensive technical support to troubleshoot any problems that arise. It provides two key advantages to MBA students: Gain mastery of business technology; Ensuring Management Education is compatible with your specific needs and schedule.
Well-paid Jobs and Promotions: The inherent advantages of an Online MBA program means that you can progress relatively quickly to an affordable, good quality Management Education and an opportunity to land a Promotion or Job with a significantly enhanced compensation package.
Diversity: Online MBA programs are adaptable to a wide range of backgrounds and needs by their very nature and structure. It exposes your learning in the context of various other viewpoints, case studies and business practices.
Technological fluency, business acumen and global exposure equip you to have a successful career or succeed in your business. An online MBA with its unique advantages helps fast track this journey, and therefore the best decision to advance your career.