Getting an MBA is a big step towards moving up in your job and becoming a better professional. However, because business management education is changing, people who want an MBA now have to decide which learning style is best for them: the standard regular MBA, the more modern online MBA, or the open distance MBA.
In this blog, we will explore and discuss the difference between an online MBA vs distance MBA. It will also help you make a well-informed decision that aligns with your career goals.
What is an Online MBA Course?
The online MBA is a two-year graduate degree programme that can be done entirely online without having to go to a university or institute. With an online MBA, you can study at your own pace and on your own time, which can be very helpful for people who are already working. Online MBA programmes are easier to get into and cost less than traditional MBA programmes because you don’t have to move or pay for transportation.
Even though the classes are online, many MBA programmes give students chances to interact with their teachers and peers. It also allows them to enhance their knowledge through virtual group discussions, workshops and other online activities. Students who want to get an MBA can choose from several specialisations, such as finance, marketing, human resources, and more.
What is a Distance MBA Course?
Distance MBA is abbreviated to DMB or D.MBA, which means learning via a distance mode without the requirement of physically attending classes. Students will receive study materials either by post or online platforms, and while doing assignments and the expedition, they will be required to work by themselves.
For a long time, it was called as correspondence course but now it is known as distance MBA. Students receive their study materials and learning tools, including video lessons, PDFs, and other files, in the mail or via email.
Also, distance MBA programs have hybrid flexibility, which may intrude on the interactive elements common in traditional classroom settings.
Difference between Online MBA VS Distance MBA
| Aspect | Online MBA | Distance MBA |
| Delivery Method | Primarily conducted over the internet. | Relies on physical study materials and correspondence. |
| Interaction | Virtual classrooms, forums, and chats for discussions. | Limited interaction, often asynchronous. |
| Flexibility | High flexibility with 24/7 access to course materials. | Flexible, but may require more self-discipline. |
| Accreditation | Accredited by recognised institutions. | Accredited by recognised institutions. |
| Exams and Assessment | Often conducted online with remote proctoring. | Exams may be taken at designated centres or via mail. |
What are the Benefits of doing an Online MBA?
- Flexibility: Such online and distance MBA degrees ultimately offer an alternative to the traditional on-campus MBA program that allows students to study at the pace and timing chosen.
- Accessibility: Online and distance education MBA pathways remove physical restrictions. Thus, those with various backgrounds can accomplish higher learning without changing their places of origin.Through this openness, the students are empowered to learn from each other, encouraging and building diversity within the institution.
- Cost-effectiveness: While conventional on-campus MBA programs may have higher tuition fees compared to online and distance learning programs, the elimination of extra expenses such as commute or accommodation makes them much less costly.
- Career Advancement: Besides online delivery and distance education, students acquire all the much-needed skills and knowledge they need to steer their careers forward. This opportunity to remain employable and gain the necessary experience makes for a combination that can’t be found in plain education.
Read More: What Can You Do After MBA? A Roadmap to Career Opportunities
Online MBA Best Colleges and their Fee Structure
Several colleges stand out for their quality education and reputation when considering Online MBA programs. Here are a few top colleges offering Online MBA programs, along with a brief overview of their fee structures:
| College | Fee (INR) |
| Amity Online | 1,95,000 |
| Manipal Online | 1,75,000 |
| LPU Online | 1,63,000 |
| DPU Online | 1,70,000 |
| Symbiosis | 1,50,000 |
| Amrita Vishwa Vidyapeetham | 1,70,000 |
Note: These approximate fee structures can vary depending on residency status, scholarships, and additional fees. It’s essential to check the official websites of these universities for the most accurate and up-to-date information on tuition and fees.
Online MBA Eligibility Criteria
The eligibility for online MBA programs differs throughout educational institutions. The requirement for an online MBA program is a bachelor’s degree. To be admitted to the best online MBA programs in India, applicants must fulfil the following qualifying requirements:
Educational Qualifications:
- A bachelor’s degree from an accredited university in a related field.
- A minimum of 50% overall (45% for SC/ST students)
- Students in their last year may also apply to take online MBA courses.
Aptitude Test:
- Certain universities use the results of the XAT, CAT, MAT, CMAT, and SNAP tests to consider admission. Therefore, candidates must take management entrance exams.
- Applicants had to meet the minimum online MBA cut-off in order to be eligible for the exam.
Work Experience:
- Although not required, a certain amount of job experience in a related subject would be beneficial.
- The minimum required work experience is three years following graduation, though the requirements may differ amongst institutions.
Age:
- In India, there is no upper age limit for applying to online MBA programs.
Online MBA and Distance MBA Salary in India as per the Roles
Exploring the salaries individuals with Online MBA or Distance MBA degrees can expect to earn in India, categorised by different job roles or positions. However, earning potential may vary due to conditions like the program’s reputation and networking.
There will mostly be positions such as Marketing Manager, Financial Analyst, and Operations Manager, offering lucrative salaries to fresh MBA graduates in India. Here’s a comparative overview of the salary ranges for these roles based on Online and Distance MBA qualifications:
| Role | Average Annual Salary (Online MBA) | Average Annual Salary (Distance MBA) |
| Marketing Manager | INR 8-15 lakhs | INR 7-13 lakhs |
| Financial Analyst | INR 6-12 lakhs | INR 5-10 lakhs |
| Operations Manager | INR 9-16 lakhs | INR 8-14 lakhs |
These remuneration ranges are exemplary and change depending on the situation, e.g. company size, geographic location, industry demand, and individual negotiation skills, among other factors.
Meanwhile, online and distance MBA graduates can anticipate competitive compensation packages based on their certifications and expertise.
Online MBA vs Distance MBA: Which one is better?
It would be answered to a varying degree depending on an individual’s taste, learning styles, and career goals. However, both vary as teachers will either switch to the audial mode of teaching or the online part, which suits their day-to-day schedule as it is flexible, affordable, and accessible.
Students attending an online MBA program likely want interactive learning experiences, virtual teamwork, and real-time feedback. These initiatives utilise technology to form immersive learning spaces in their true sense that imitate the usual classroom architectures.
On the one hand, those who are self-motivated to study but would rather not be location-bound are drawn to distance MBA or online MBA programs because they introduce them to online learning and flexibility. Online programs’ nonlinearity is clearly advantageous, but this is only sometimes the case for distance-learning courses that provide study guides and other tools.
Also, prospective students deliberating between an online MBA and vs distance MBA should consider their preferences for flexibility and convenience, as both programs cater to working professionals seeking to balance career commitments with academic pursuits.
Choosing between an online MBA vs distance MBA necessitates a thorough assessment of factors such as lifestyle, learning preferences, and desired levels of interaction and support throughout the academic journey.
Conclusion
When comparing the benefits of an online MBA vs distance MBA, it’s essential to consider factors such as flexibility, interaction, and course variety. Considering educational opportunities is not just about choosing a program.
Also, students should take the time to compare and contrast programs offered, the accreditation, the faculty’s expertise, and the success of their alumni before making a decision.
Hike Education offers comprehensive guidance for individuals seeking to elevate their careers through quality education. For more information, visit the official website.
Online MBA vs Distance MBA : FAQs
Q1. Are online MBA programs recognised by employers?
The online MBA degree from accredited institutions’ online programs is welcome everywhere. Employers look at the qualifications, knowledge, and experience acquired as submerged irrespective of the teaching model applied.
Q2. May I simultaneously enrol in MBA programs while working full time?
Working individuals benefit from remote and virtual MBA programs. You gain from the simplicity of obtaining the course materials and the flexibility of scheduling, which enable you to balance your job and study obligations.
Q3. What is the salary package after an online MBA?
Depending on the specialisation they selected throughout the course, working individuals with an online MBA degree might anticipate a significant pay increase. A recent graduate of an online MBA program may make between INR 5 – 6 LPA.
Q4. Is an online MBA applicable?
People who have completed an online MBA program are frequently paid more than those who have not. Additionally, you may have an advantage over other candidates when applying for jobs if you have an online MBA. After you get hired, it can also help you progress in your career more swiftly.
Q5. Can I get a job after an online MBA?
Enrolling in an online MBA program will give you the same employment chances as a traditional MBA program. Given the extensive curriculum that online MBA students follow, many multinational corporations are eager to hire recent graduates.
More Information:
Will An Online MBA Help In My Career? Key Points To Focus In 2024
