In this article, we’ll explore the top online MBA colleges under 1 lakh in India, helping you make an informed decision for your academic and professional pursuits.
Online MBA Under 1 Lakh
An MBA degree in today’s fast-paced business world can open doors to exciting career opportunities and accelerate your professional growth. However, the cost of traditional MBA programs can be a significant deterrent for many aspirants.
Fortunately, India has evolved as an excellent option for low-cost online MBA programs, providing great education at a fraction of the cost.
Top Online MBA Colleges Under 1 Lakh in India:
| University | Course Fee (INR) | NAAC Accreditation | NIRF Ranking |
|---|---|---|---|
IGNOU | INR 62,000 Apply Now | A++ | 72 |
Uttaranchal University | INR 82,000 Apply Now | A+ | 151-200 |
Jain University Online | INR 75,000 – 1,30,000 Apply Now | A++ | 68 (University Category) |
SCDL | INR 58,000 Apply Now | A++ | 32 |
Bharathidasan University | INR 91,000 Apply Now | A | 41 |
Sharda University | INR 100,000 Apply Now | A++ | 87 |
Shoolini university | INR , 90000 Apply Now | A++ | 73 |
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List Of Online MBA Under One Lakh In india
IGNOU
- Course Fee: 62,000 INR
- NAAC Accreditation: A++
- NIRF Ranking: 72
- Specializations: Services Management, Marketing Management, Operations Management, HR Management, Financial Management
Uttaranchal University
- Course Fee: 82,000 INR
- NAAC Accreditation: A+
- NIRF Ranking: 151-200
- Specializations: Marketing Management, Financial Management, Digital Marketing, International Business, Human Resources, Information Technology, Business Analytics
Jain University Online
- Course Fee: 75,000 – 1,30,000 INR
- NAAC Accreditation: A++
- NIRF Ranking: 68 (University Category)
- Specializations: Banking, Finance, IT Management, Business Intelligence, Marketing, Data Science, International Finance, Digital Finance, Logistics, Digital Marketing, Entrepreneurship, Strategic HR Management, Operations Management
SYMBIOSIS Centre for Distance Learning (SCDL)
- Course Fee: 58,000 INR
- NAAC Accreditation: A++
- NIRF Ranking: 32
- Specializations: Agri Operations, HR Management, Business Analytics, International Business, Finance, Logistics, Healthcare Management, Marketing
Bharathidasan University
- Course Fee: 91,000 INR
- NAAC Accreditation: A
- NIRF Ranking: 41
- Specializations: N/A
Sharda University
- Course Fee: 100,000 INR
- NAAC Accreditation: A++
- NIRF Ranking: 87
- Specializations: Services Management, Marketing Management, Operations Management, HR Management, Financial Management
Shoolini university
- Course Fee: 90,000 INR
- NAAC Accreditation: A++
- NIRF Ranking: 73
- Specializations: Marketing Management, Human Resource Management, Financial Management, Digital Marketing, Retail Management, Operation Management, Banking & Insurance, Logistics & Supply Chain
Advantages of Online MBA Programs:
- Flexible Learning: Online MBA programs allow you to study at your own pace, making balancing work and personal commitments easier.
- Affordability: With fees under 1 lakh, these programs are significantly more affordable than traditional on-campus MBA programs.
- Industry-relevant Curriculum: Many online MBA programs are designed in collaboration with industry experts, ensuring you gain practical and relevant knowledge.
- Convenience: Online learning eliminates commuting, allowing you to study from the comfort of your home.
Eligibility Criteria for Online MBA Programs:
While the specific eligibility criteria may vary among institutions, most online MBA programs in India have the following general requirements:
| Eligibility Criteria | |
|---|---|
| Bachelor’s degree from a recognized university | with a minimum aggregate of 50% marks or equivalent CGPA. |
| Minimum work experience | ranging from 2-5 years in a relevant field (for some programs). |
| Qualifying scores in entrance exams | like CAT, XAT, CMAT, GMAT, or MAT (per the program’s requirements). |
| Professional qualifications | Some universities may also consider candidates with professional qualifications like CA, CS, ICWA, or equivalent. |
Additional Fees and Costs:
While the course fees mentioned earlier provide a general idea of the cost, there may be additional fees and expenses involved, such as:
- Admission/Registration fees
- Examination fees
- Cost of study materials or e-resources
- Convocation or degree certification fees
- Additional fees for specialized certifications or electives
Before enrolling in an online MBA program, it’s essential to check with the respective university or college for a comprehensive list of fees and expenses.
Program Duration:
Online MBA programs in India typically range from 1 to 3 years, depending on the university and the mode of study (full-time or part-time). Most programs follow a semester or trimester system, allowing students to complete the coursework at their own pace while balancing other commitments.
Here are some standard program durations:
| MBA Program Type | Duration |
|---|---|
| Full-time online MBA | 1-2 years |
| Part-time online MBA | 2-3 years |
| Executive online MBA | (For working professionals) 1-2 years |
Job Prospects and Salary Expectations:
Upon completing an online MBA, you can explore a variety of lucrative career opportunities, such as:
| Occupation | Average Annual Salary (INR Lakhs) |
|---|---|
| Management Consultant | 26.6 |
| Financial Analyst | 5.8 |
| Marketing Manager | 12.2 |
| Data Analyst | 6.4 |
| Supply Chain Manager | 14.2 |
| Project Manager | 17.2 |
| Operations Manager | 10.6 |
| Human Resources Manager | 10.7 |
Conclusion:
Pursuing an online MBA degree from a reputable institution can be a game-changer for your career, providing you with the knowledge, skills, and credentials to excel in the competitive business landscape.
With the array of affordable online MBA programs under 1 lakh in India, you can now achieve your academic and professional goals without breaking the bank. Explore these top-ranked colleges, evaluate their offerings, and take the first step toward unlocking your true potential.
FAQ Of Online MBA Under 1 Lakh
A1. A1. Yes, the online MBA degrees from the mentioned colleges are recognized by UGC and other statutory bodies in India. They are accredited and ranked, ensuring quality.
A2. A2. Yes, many programs offer part-time and executive MBA options designed for working professionals, enabling work-study balance through online flexibility.
A3. It typically involves online application, submitting academic transcripts, work experience certificates, entrance exam scores (if required), and may include interviews or group discussions.
A4. Yes, most of these online MBA programs offer specializations or elective courses in various domains like marketing, finance, HR, operations, data analytics, etc., allowing students to gain in-depth knowledge in their area of interest.
Lovepreet Sachdeva is a skilled digital marketing professional with experience in the education sector since 2022. He has a strong interest in learning and enjoys sharing his knowledge on education, technology, digital marketing, and wellness through his writing. Singh has a passion for music, technology gadgets, and travel.