Affordable Excellence: Top Online MBA Universities Around 1 Lakh

The decision to pursue higher studies, especially the degree of Master of Business Administration (MBA), can be regarded as a career progression for most professionals. Earlier, obtaining an MBA was expensive; however, thanks to the young revolution of the Internet, the quality of MBA education is no longer an expensive affair. Perhaps the most disruptive change for individuals in India, given the crisis of expenditures, is the search for a nice online MBA program costing around 1 lakh.

This blog will focus on the best one-year MBA courses available online for around 1 lakh INR. Such schemes are quite beneficial for those who wish to progress in their careers with limited financial investment. We will examine the offers of Sharda University, Vivekananda Global University, as well as Sikkim Manipal University in this blog, describing to you the details, curriculum, and expenses of these programs. Moreover, we will also focus on the advantages of online MBA programs, offering practical advice on how to use such affordable education most effectively.

Importance of Online Master’s Degree in Business Administration 

Choosing a reliable and appropriate Online MBA program is crucial and challenging, as it is important for your growth and becoming an expert in a particular field. It’s prudent to ascertain some pertinent aspects that outline the reasons for getting an online MBA prior to exploring individual programs:

• Flexibility: One of the major benefits of pursuing an online MBA program is that it provides flexibility as well as comfort of all kinds. In online platforms, the lessons can be taken from any part of the world, and this is very beneficial for those in employment and those who want to live with their family. You can schedule your work on your terms under this MBA program.
• Cost-Effectiveness: Cost is an important factor when it comes to pursuing any kind of education. There is effectively lower cost incurred in attending the course online as compared to attending on-campus. This can also help students with a low budget to get quality education.
• Quality Education: There is no point of doing an MBA if you are not getting quality education and desired knowledge. Here, most of the programs are facilitated by leading universities; hence, the education quality is above normal.
• Global Accessibility: There are no limitations on distance that would prevent you from signing up for programs such as those offered by the best universities. Along with that, exchanging ideas with peers from different areas presents new ways of doing business as well as modern points of view that add more value to the educational process.

Enrolment of students in online learning programs is highly appealing. There are esteemed institutions that do offer accredited online MBAs that most people would appreciate.

Important Factors in Selecting an MBA Study Program Online

• Accreditation: The first and foremost parameter in the program has to be accreditation. This parameter is vital since if the program is not accredited, it implies that it lacks providers of high-quality education. That's why it is very important for you to select a university that is approved by UGC, DEB, and other authorities.
• Curriculum: Analyze the program being examined to see whether or not it encompasses the important facets of business or career that you intend to pursue. It will help you gain expert knowledge in your field.
• Faculty: Professors and faculty play a major role in the quality of education as well as shaping your career and core skills. So, it is better to examine the credentials and experience of the faculty members so that you can get quality education and knowledge from the best authority.
• Flexibility and Support: Determine whether the program is flexible with scheduling and has good student support services, so that you can easily avail yourself of the benefits provided by the online MBA programs.
• Career Services: Selecting an appropriate MBA program is important so that you can gain expert knowledge and specialization in your field and obtain excellence. That's why targeting programs that present career services and networking opportunities is essential.
• Cost and Financial Aid: Assess the different program costs and investigate the various forms of financial aid available to you, such as scholarships, grants, or payment plans, and make your education less costly if possible.

Top Online MBA Programs Around 1 Lakh INR

Sharda University

Sharda University's CODE offers an online MBA program spanning two years and comprising 92 credits. This course is designed to cultivate essential business management and leadership abilities, empowering students to advance in the corporate sector.

The online MBA at Sharda has been crafted to equip students with a thorough understanding of the complexities involved in managing and operating a business in today's technology-driven landscape. As a result, the curriculum emphasizes practical learning experiences across various business domains, including marketing, finance, accounting, data analytics, human resources, sales, and more.

The emphasis on student development and skill enhancement has positioned Sharda University's online MBA among the leading programs in the nation.

Eligibility Criteria for the Online MBA at Sharda University CODE: 

• Candidates must have achieved a minimum of 50% or an equivalent grade in an undergraduate program from a UGC-recognized university. 
• For SC/ST applicants, a minimum of 45% or an equivalent grade in an undergraduate course from a UGC-recognized university is required.

Online MBA Curriculum at Sharda University CDOE

Semester I	Semester II
Management Process and Organization Behavior Quantitative Techniques for Business Decision Financial Accounting, Reporting and Analysis Economic Analysis for Business Decision Governance, Ethics and Sustainability Managerial Communication	Marketing Management Legal Aspects in Business Business Research Methods Human Resource Management Technology and Analytics for Business Corporate Finance  and Finance Markets
Semester III	Semester IV
Production and Operations Management Entrepreneurship and Startup Ideation Sales and Distribution Management International Marketing Consumer Behavior	Research Project Strategic Management Service Marketing and CRM Advertising and Brand Management Digital Marketing and Marketing Analytics

 

Online MBA Specializations at Sharda University CODE

1. Finance
2. Marketing
3. Project Management
4. International Business
5. Operations Management
6. Human Resource Management
7. Data Science and Analytics
8. Digital Marketing and E-Commerce
9. Logistics and Supply Chain Management
10. Healthcare and Hospital Administration

Online MBA Fee at Sharda University CODE

 

• Indian Students (SAARC Countries): Annual Fee- INR 50,000 and Total Fee- INR 100,000

• Foreign Students: Annual Fee- USD 900 and Total Fee- USD 1,800

 

Vivekananda Global University

Vivekananda Global University is among the top-tier universities in Rajasthan. It provides high-quality education to develop the career and expertise of the students. It offers different online MBA programs that assist students in excelling in finance, marketing, information technology, healthcare, human resources, and more.

Eligibility Criteria for the Online MBA at Vivekananda Global University

Passed a bachelor's degree of a minimum of 3 years' duration from any recognized university.

Online MBA Curriculum at Vivekananda Global University

Semester I	Semester II
Managerial Economics Quantitative Methods for Management Accounting for Managers Legal Aspects of Business Management Concepts Organizational Behavior Business Environment Business Ethics	Human Resource Management Finance Management Marketing Management  Research Methodology Introduction to Agri Business Management  Total Quality Management Digital Marketing Innovation and Design Thinking Business Communication
Semester III	Semester IV
Project Management Supply Chain Management Strategic Management Entrepreneurship and Innovation Management Electives	Practical Training in Industry Indian Knowledge System AI for Business Universal Human Values Financial Reporting and IFRS

 

Online MBA Specializations at Vivekananda Global University

1. Marketing
2. Financial Management
3. Healthcare Management
4. Human Resource Management
5. Agri Business Management
6. Operations Management
7. Information Technology Management
8. International Business Management

Online MBA fee at Vivekananda Global University

• For nation applicant: 32,500 rupees per semester
• For international applicant: 65,000 rupees per semester 

Sikkim Manipal University 

The online MBA program at Sikkim Manipal University is well-organized and convenient for working professionals . The program is accredited by the National Board of Accreditation (NBA) and covers areas critical to every business, including Marketing, Finance, and Human Resource Management. 

The dynamics of the program consist of several components, including live online sessions with interactions and assessments given at intervals. Furthermore, students gain exposure to extensive networks of professionals and alumni for career guidance and networking assistance.

Online MBA Eligibility at Sikkim Manipal University

• Candidates must have a bachelor’s degree in any discipline from a recognised university or equivalent qualification recognised by Association of Indian Universities.
• Candidates must have obtained 50%of marks in aggregate in graduation. 

Online MBA Curriculum at Sikkim Manipal University

Semester I	Semester II
Principles of Management and Organizational Behavior Marketing Management Accounting for Managers Business Economics Business Communication      Legal Aspects of Business Computer Application in Management	Quantitative Methods in Management Human Resource Management  Financial Management  Productions and Operations Management Research Methodologies and Statistical Techniques Global Economic Environment and Policy Management Information Systems
Semester III	Semester IV
Project Management  Business Strategy Elective 1 (Marketing Specialization) Elective 2 (Marketing Specialization) Elective 1 (Chosen Specialization) Elective 2 (Chosen Specialization)	Banking and Insurance Management Elective 3 (Marketing Specialization) Elective 4 (Marketing Specialization) Elective 3  (Chosen Specialization) Elective 4 (Chosen Specialization) Project Work

 

Online MBA Specializations at Sikkim Manipal University

1. Marketing Management
2. Finance Management
3. Human Resource Management
4. System Management
5. Operations and Supply Chain Management 

Online MBA Fee at Sikkim Manipal University 

• INR 1,10,000 or INR 27,500 per semester
• INR 500 (non- refundable application fee)

Steps to complete an Online MBA Program with ease

• Be Well Organized: It is very important for the students to be well organized to attend online classes and get required knowledge. Set your target study time and stick to it, you will need to display self-discipline in this mode of learning.
• Show Your Interest in the Assignments: In order to take the full advantage of the online MBA, showing interest in attending sessions and completing assignments is important. Contribute to the discussions, submit your works, and utilize the provided material.
• Build your connections: Making valuable connections and relations always helps the students to grow and learn more. So, make relations with classmates, instructors, and graduates as they are important people for you in the working place.
• Ask for Help: Make sure to use all academic services and resources they have, like career services and other support. It is always helpful to ask for help and support from the professors as well as the counselor to complete your learning. 
• Make the Most of Available Tools
  There are many tools available that you can use, such as online libraries, coursework assistance, and technical support. Many of these resources have been implemented to assist you throughout your studies.
• Seek Feedback
  Don't hesitate to ask for feedback from teachers and fellow students. Seeking constructive assessments helps you improve your mastery of the skills you wish to learn.

Conclusion

Pursuing an online MBA within one lakh INR is not only plausible but also quite fruitful as it provides valuable education to students by sitting at their homes, at affordable price. It is demonstrated that Sharda University, Sikkim Manipal University and the Vivekananda Global University have positive aspects, which are affordable quality education and the working learning patterns. A careful analysis of such elements as the agency’s accreditation, program, and other assistance services helps everyone to select the most desirable and cost-effective for his or her needs program.

Enrolling in an online MBA program should be the best decision since the program is designed not only to enrich your understanding of business but also help in developing your career and accomplishing career objectives. You can successfully earn as well as learn a lot without breaking the bank once you access the right program. 

Frequently Asked Questions 

1. How long do you have to attend an online MBA program on average?

The duration of an online MBA program can vary anywhere between 2 to 3 years. However, some programs may have a senior accelerated track or lengthy tracks depending on the student’s pace and calendar.

2. Do you have a chance of completing these online MBA programs which are accredited through relevant bodies?

The answers to the questions posed above, although barely fundamental to the topic, are fortunately problems found originating from programs. Usually, education programs concentrate on how external (cultural operations) and internal (school machinery) factors affect education.

3. Is there a likelihood of taking care of an MBA online program while still working?

Yes, one of the essential benefits of an online MBA is its accessibility, which allows students to undertake education while being employed on a full-time basis. The structures of such programs provide for flexible changes in program schedules while eliminating the need for physical presence.

4. Can you please tell me which specialization you would suggest in these online MBA programs?

Students enrolled in online MBA programs are also provided with many electives, such as Marketing, Finance, Human Resources, Operations, International Business, and Business Analytics. Every program is likely to have its own specialization areas; hence, it’s essential to go through the particular program that you are interested in.

5. Where can I get an application for an online MBA program?

The procedures for submitting applications vary from one institution to another, but there is usually an application form, academic transcripts, and a resume or CV. It is also possible to include a statement of purpose or letters of recommendation. Some programs may also require entrance examinations or interviews.

6. Are there any extra costs involved apart from the tuition fees?

Other extra costs may include registration fees, all types of examination fees, or costs related to study materials, online resources, etc. It is wise to contact the appropriate university for an outline of such expenses.

7. What is the difference between distance and traditional learning when it comes to MBA    studies?

An online MBA program comes in handy since one can still manage to work while studying, unlike traditional MBA programs that require full-time residency from students. The key distinction is in the two modes of learning: learning online and learning directly in classes. In both systems, opportunities for networking and career advancement are presented.