Online MBA programs are an excellent choice for professionals who wish to continue working while pursuing their degree. The flexibility of online learning allows you to manage your time effectively and gain industry-relevant skills at your own pace. Additionally, these programs are much more affordable than traditional on-campus courses, making them a viable option for many.
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.
Best Online MBA Colleges Under 1 Lakh and Around in India
The MBA degree is important for professional growth, and it is now cheaper to get one in India, making it a more accessible choice. Now that it’s more accessible, more people can enhance their skills and advance in their careers. This allows more professionals to maximize the skills and networking opportunities offered by MBA University.
Here is a table summarizing the online MBA programs, including college name, fees, and an “Apply Now” section:
| College Name | Total Fees (INR) | Apply Now |
|---|---|---|
| Uttaranchal | ₹94,000 (Semester-wise) / ₹92,000 (Yearly) | Apply Now |
| SMU | ₹1,10,000 (Full Course) | Apply Now |
| Sharda | ₹1,09,000 (Including Enrollment & Exam Fees) | Apply Now |
| VGU | ₹1,30,000 (Full Course) | Apply Now |
| LPU | ₹1,29,400 (Full Course) | Apply Now |
1. Uttaranchal University Online MBA Fees ₹94,000
Uttaranchal University offers a comprehensive Online MBA program designed to equip students with managerial skills and business knowledge. The program is structured into four semesters with live and recorded sessions, making it flexible for working professionals.
- Total Fee: ₹94,000
- Duration: 2 years (4 semesters)
- Mode: Live + Recorded classes
- Specializations: Marketing, HRM, Finance, Digital Marketing, International Business, IT, Business Analytics
- Fee Structure:
- Semester-wise payments: ₹23,500 per semester
2. Sikkim Manipal University (SMU) Online MBA ₹1,10,000
SMU’s Online MBA is designed to elevate managerial skills, offering dual specializations in Finance, HRM, Operations, and Marketing. The program is recognized by UGC and enables students to learn from distinguished faculty.
- EMI Option: ₹4,583/month
- Duration: 2 years (4 semesters)
- Mode: Online
- Specializations: Finance, HRM, Systems, Operations & Supply Chain, Marketing
- Fee Structure:
- Total Course Fee: ₹1,10,000
- Per Semester Fee: ₹27,500
3. Sharda University Online MBA ₹1,06,000
Sharda University provides an online MBA program that balances theoretical and practical business knowledge. The course is suitable for fresh graduates and working professionals.
- Total Fee: ₹1,06,000
- Duration: 2 years
- Specializations: Marketing, HRM, Operations, Finance, Digital Marketing
- Fee Structure:
- Tuition Fee per Year: ₹50,000
- Enrollment Fee (One-time): ₹3,000
- Exam Fee per Year: ₹6,000
4. Vivekananda Global University (VGU) Jaipur Online MBA ₹130000
VGU offers an UGC-entitled online MBA, which is globally recognized and equivalent to a regular degree. The program is NAAC A+ accredited and provides multiple specialization options.
- Fee Structure: ₹130000
- Duration: 2 years
- Specializations:
- Human Resource
- Marketing
- Finance
- Healthcare
- Agri-Business
- Information Technology
- International Business
- Mode: Live + Recorded
- Eligibility: Bachelor’s Degree (Any Stream)
5. Lovely Professional University (LPU) Online MBA ₹1,29,400
LPU’s online MBA program is designed to equip students with essential management skills and business knowledge through interactive learning methods. The university is NAAC A++ accredited and ranks among India’s top private universities.
- NIRF Ranking: 38
- Duration: 2 years (4 semesters)
- Mode: Online (Live + Recorded sessions)
- Specializations:
- Finance
- Marketing
- Human Resource Management (HRM)
- Data Science
- Business Analytics
- International Business
- Digital Marketing
- Operations Management
- Information Technology
- Eligibility: Bachelor’s degree in any discipline
- Fee Structure:
- ₹36400 per Semester
- Total Course Fee: ₹1,29,400
- Accreditation: NAAC A++
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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.
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