Aspirants looking to pursue an MBA program in India is increasing as the years go by. Most students aim to join either IIMs or other Tier 1 universities. Today, let us understand the benefits of joining an Online Management Program instead of a traditional MBA program.
Before we look at the benefits of an Online Management Program, let us understand what MBA is. A Master of Business Administration in an internationally recognized program in business and management. It is one of the most popular degree programs in India, and abroad. Since the world has been struck by COVID-19, we have been forced to shift to a more digital platform. This shift also includes the education sector, but can be looked at as a plus point since there are several benefits to an online management program.
The downsides that come with studying from a traditional MBA college are as follows:
- A hefty fee that often requires students to take education loans.
- A regular MBA is a two years’ course. Hence, it comes at an opportunity cost.
- The value of the degree for recruiters and the standard of education is less.
- A large part of the students’ earnings after completing MBA goes in repaying their education loan.
Now, if you’ve had similar thoughts and have wondered if there’s another way you can have a rewarding career, you can explore the benefits of an Online Management Program with Great Learning.
As you can see in the above infographic, there are significant differences between Candidate A and Candidate B. Candidate A has opted for a traditional classroom program whereas Candidate B has gone ahead with an Online Management Program. The fees of someone who joins a traditional MBA is greater than someone who picks up an online program. The opportunity cost involved is higher in a traditional MBA program. In an online program, this opportunity cost adds up to NIL.
Candidate B starts earning in the first year of the program whereas Candidate A can start earning only in year 2. When you look at the total cost spent, and the overall net profit/loss in both the situations, there is a significant difference between the two.
Here are a few more benefits of taking up an online management program as opposed to the traditional classroom MBA course.
Placement Assistance for Career Success
Apart from an informative course at Great Learning, we also provide career support. This is an important aspect for any skilled professional to secure a position in a highly rewarding role and great working environment. Job opportunities are shared by 200+ companies and there are numerous career workshops, resume building and Interview preparation sessions as well. The projects will be guided by world-class faculty and industry professionals.
Management Foundations, 2 Specialisations, 22 Projects and 1 Capstone Project are some of the topics that are covered during the online management program at Great Learning.
Also Read: MBA Salary Trends in India 2020
We hope that the above details help you make an informed decision about your career. If you wish to pursue a career in management, upskill today with Great Learning’s PG Program in Management and unlock your dream career.0