Are Online MBAs from IIMs Good: Pros, Cons, Fees, Admission Process, and All You Must Know

IIMs have always been the dream of most students who want to pursue an MBA in India. The quality of education, industry exposure, highly experienced faculty, focus on skill development, assured placements, etc., have made IIMs the primary choice for students looking to grow in the corporate sector.

However, IIMs are not always accessible to everyone—high competition, limited seats, and stringent admission tests make it a hard mountain to climb. However, with the introduction of online MBA courses at IIMs, this began to change in recent times.

Despite the reputation of IIMs, students are wary of the online MBA offered by IIMs in India. That’s why, in this blog post, we discuss everything you need to know about online MBAs in IIMs and whether they are worth your efforts. So, let’s start.

Are Online MBAs from IIMs Good: Benefits and Limits

Whether you are a student or a working professional, the decision to pursue an online MBA needs to be taken with great care. You must analyze a variety of factors, from the specialization, duration, and quality of training to the experience of the faculty. However, a major factor that determines the overall learning experience is the college where you study. In India, Indian Institute of Management has remained a premier institute for management education.

Benefits of Online MBAs at IIMs

Let’s try to understand what makes the online MBA from the IIMs worth your effort. Following are few benefits of pursuing Online MBA at IIMs: 

• Global Recognition for the Course: There’s no doubt an online MBA from IIM has huge recognition and is prestigious across the world. Having an MBA from an IIM (online or otherwise) improves one’s professional credibility. MBAs from IIMs help students build a strong set of management, leadership, and soft skills that make them highly valuable to employers. Further, MBA courses from IIMs are recognized and accredited by required statutory bodies.
• Tailored MBA Courses for Professionals: The online MBA courses at IIMs are aimed at working professionals. The convenience and higher education requirements of the professionals are the primary objective of the online MBAs at IIMs. Pursuing the online MBA at IIMs makes it easier for working professionals to find the best option they have. Unlike traditional courses, students can apply their learning right away in their jobs with an online MBA. Working professionals get to use their skills and knowledge also to ensure growth and career development during their studies.
• Advanced and Rigorous Curriculum: A major reason for the online MBA courses at IIMs to be received well by students and employers alike is the way the curriculum is designed by the institute. The IIMs have a strong academic senate that designs the curriculum based on the current industry demands and changing dynamics. This enables the candidates to develop adequate skills and knowledge quickly. With the help of this curriculum, you can quickly develop in-demand skills that employers are looking for in their ideal candidates.
• Numerous Specializations: Pursuing a general online MBA at IIM is not enough in today’s competitive corporate world. Businesses require candidates who have profound skills and knowledge in core business functions like marketing, finance, HR, accounting, etc. This helps them find employees who know their jobs well. At IIM, you will find a wide range of specializations. You can pick a specialization based on your current career graph or your changing goals.
• Extensive Networking Opportunities: The IIM alumni is a treasure trove of opportunities. You will get to interact with some of the best businesspersons in the field. Most of the alumni of the institute are highly accomplished founders and business leaders. Being in the same circle as them helps you find new opportunities to build connections and grow in your career.

Limitations of Online MBAs from IIMs

While the benefits of online MBAs from IIMs are plenty, they are not free from limitations. Doing an online MBA from an IIM in India also comes with its own set of limitations, which are described as: 

• Limited Face-to-Face Interactions: Unlike traditional courses, online courses have fewer opportunities for face-to-face interactions between students and lecturers. That goes for the online MBAs at IIMs, as well. While this is not a dealbreaker, many students may not find this very intuitive as it is hard to build interpersonal relations with the faculty and classmates.
• A Strong Self-Motivation is Needed: Online IIM MBAs let students study the course at their own pace and convenience. While this is an advantage, it may also turn out to be a challenge as there is no one to motivate you. Students must work on themselves and build a strong sense of purpose to work hard to perform well. Those who find it hard to push themselves to work hard may find it hard to pursue online MBAs, or any other course for that matter.
• Potential Distractions: Studying an online MBA at IIM comes with the additional challenge of distractions. It would be hard for many students to focus on studies with other responsibilities and distractions.

IIMs Offering Online MBAs in India

Here is a list of the top 15 IIMs offering online MBA courses in India.

Sl. No	Name of the Institute	Rank	NIRF Score
1	Indian Institute of Management Ahmedabad	1	83.20
2	Indian Institute of Management Bangalore	2	80.89
3	Indian Institute of Management Kozhikode	3	76.48
4	Indian Institute of Management Lucknow	6	74.11
5	Indian Institute of Management Indore	8	71.95
6	Indian Institute of Management Raipur	11	66.18
7	Indian Institute of Management Rohtak	12	65.88
8	Indian Institute of Management Udaipur	16	62.78
9	Indian Institute of Management Kashipur	19	61.07
10	Indian Institute of Management Trichy	22	60.83
11	Indian Institute of Management Ranchi	24	59.99
12	Indian Institute of Management Shillong	26	59.12
13	Indian Institute of Management Visakhapatnam	29	57.57
14	Indian Institute of Management Jammu	41	54.17
15	Indian Institute of Management Bodh Gaya	45	53.32

 

Study an Online MBA at IIMs: Eligibility

The eligibility criteria for MBAs in IIMs are the biggest challenge a student must face when looking to study a regular MBA in any IIM. However, when it comes to online MBAs, the criteria are not very extensive. This is one of the major reasons many working professionals and aspiring students prefer to do their online MBAs in IIMs.

The following is an overview of the general criteria for studying an online MBA in an IIM. The exact criteria can change based on the individual institute.

• A bachelor’s degree in any discipline from any recognized university or institute with a minimum aggregate score of 50%.
• Have 2-3 years of professional experience in any capacity from a registered workplace in India or abroad.
• English proficiency certifications from recognized tests like IELTS, TOEFL, etc., for international students whose native language is not English.
• Secure the minimum pass mark in interviews and/or entrance examinations conducted by the respective IIM, if any.

Online MBA Admission Process at IIMs

Unlike regular MBAs in an IIM, the admission process of an online MBA at IIMs is simple and quick. The only thing to keep in mind is to ensure that you meet the eligibility criteria before applying for an online MBA at an IIM. Following is a detailed explanation of the admission process:

• Step #1: Registering yourself: This is the first step of the process. You need to visit the official website of the IIM that you want to join. Click on the ‘Register’ button. A new window will open. Provide the necessary contact details so that you can receive your login details to the same.
• Step #2: Filling out the application form online: After registration, log into the portal using the credentials sent to your contact information. Once you log in, fill out the application for admission. Give all the academic, personal, and professional details as needed.
• Step #3: Verification of documents: In this step, you need to upload the scanned copies of all your academic, personal, and professional details for verification. You must upload a recent passport-size photograph in color to the portal as well.
• Step #4: Paying the tuition fees: After filling out the application form online, the next step is to make the payment. Based on the course, your payment choice, and the payment method, you can make the payment.
• Step #5: Getting course access and starting it: Once admission is confirmed, you will get access to the course and the online learning materials. Some institutes have separate access to their learning portal. In such cases, your login details will be sent to you. Once you have it, you can start pursuing your online MBA at the IIM. 

Online MBA Fee Structure at IIMs

Depending on the specific IIM, the course fee of online MBA can vary. Hence, you need to check the tuition fees of the IIM where you want to study.

However, here are a few insights into how the tuition fees look like for an online MBA at IIMs. 

Total cost of the program

The total cost of pursuing an online MBA at an IIM can range anywhere from INR 100,000 to 150,0000. This covers everything—study materials, tuition fee, and other related academic expenses.

Payment options

Some of the IIMs allow students to opt for EMIs to pay the tuition fees. If you are looking for such assistance, get in touch with the institute before you make the choice.

Financial assistance

Eligible students can get scholarships and financial assistance from the institute. If you are eligible, you can apply for the scholarship to manage the expenses of the MBA program.

Online MBA Curriculum and Specializations at IIMs

One of the highlights of pursuing an online MBA at IIMs is the current curriculum that the institutes offer. Coupled with this, a range of specializations is also available, and you can pursue any based on your goals and aspirations.

Here is an overview of the online MBA curriculum at an IIM.

 

Semester I

• Microeconomics for Managers
• Operations Management
• Marketing Management
• Spreadsheet Modeling
• Business Statistics

Semester II

• Financial Accounting
• Operations Research
• Organizational Behavior
• Business Communication
• Macroeconomics for Managers

Semester III

• Corporate Finance
• Strategic Management
• Marketing Management II
• Operations Management II
• Management Information Systems

Semester IV

• Human Resource Management
• Business Research Methods
• Supply Chain Management
• Strategic Management
• Business Law

Specializations available at IIM 

• Operations & Supply Chain Management
• Leadership and Change Management
• Advanced Marketing Management
• Pharmaceutical Management
• Strategic Sales Management
• Healthcare Management
• Project Management
• Business Analytics

Career Paths After Online MBAs from IIMs

Pursuing an online MBA at an IIM opens numerous career opportunities. There are several fields in which you can build your career after an MBA.

Healthcare management roles

The advancement of healthcare systems and services has created the need to manage the facility efficiently. And management professionals with the right management skills and expertise can take up various roles in leading healthcare facilities.

Professionals with a general MBA or specialization in healthcare management or operations management can take up roles in healthcare management.

Some of the in-demand healthcare roles are:

• Healthcare compliance manager
• Healthcare financial manager
• Health information manager
• Clinical operations manager
• Healthcare administrator

Human resources roles

Managing the human resources of a business is one of the core aspects of a successful business. Candidates with a specialization in HR management can take up HR management roles. Their chief responsibilities range from recruitment, selection, training, employee welfare, and compensation management to performance appraisal.

Those who have completed a general MBA or MBA with HRM specializations can take up HR management roles.

Some of the common roles in the HR space are:

• HR Manager
• Talent Acquisition Manager
• Employee Relations Manager
• Learning and Development Manager
• Compensation and Benefits Manager

Consulting roles

Businesses that offer management and leadership consulting to other businesses have huge potential in today’s competitive corporate world. In these roles, businesses offer management services, advisory, and support to businesses that need expert advice and support.

Professionals with general MBA qualifications or specializations are suitable to take up consulting roles.

Some of the top roles you can take up are given below.

• Strategy Consultant
• Operations Consultant
• IT/Technology Consultant
• Human Capital Consultant
• Financial Advisory Consultant

Marketing roles

Marketing is one of the core business functions. Hence, businesses require skilled and insightful professionals to help them devise their marketing strategies for different products, services, and markets. There are numerous opportunities for students to take up marketing roles in India and global businesses.

Having a general MBA or a marketing specialization with exposure to digital marketing can help you build a successful career in the marketing field.

Some of the top marketing roles you can take up now are below:

• Brand Manager
• Marketing Director
• Digital Marketing Manager
• Content Marketing Manager
• Product Marketing Manager

Finance roles

Another core function of a business, finance management requires people with analytical skills and a strategic mind. While a general MBA can prepare a candidate for it, having specializations in finance and business analytics, etc., can make it easier for students to grow.

Some of the top finance management roles you can take with an MBA are given below.

• Chief Financial Officer
• Investment Manager
• Financial Controller
• Finance Manager
• Risk Manager

Conclusion

Looking at the benefits an online MBA from IIMs can bring, we can confidently say that it is worth your time and effort. The course helps you build relevant skills and knowledge to grow in your career and also build networks that will accelerate growth.

The name of the institute itself will be enough for you to open many career opportunities, as IIMs are synonymous with quality education and value-adding training. There’s no doubt pursuing an online MBA from IIM can help you work with leading businesses in India and abroad. With numerous specializations and pragmatic learning opportunities, IIMs always make your learning experiences at the institute worth it.
 

Frequently Asked Questions

1. Are online MBAs from IIMs good?

Yes, they are very much worth the effort you put in, and most IIMs offer highly valuable online MBA courses.

2. Which IIM is best for an online MBA?

According to the NIRF rankings, IIM Ahmedabad is the best choice for an online MBA.

3. Is an online MBA from IIM recognized?

Yes, an online MBA from IIMs is recognized and accepted worldwide. You can also get placement assistance from the institute.

4. What is the average fee for an online MBA at IIM?

The fee varies from one IIM to another. The average fee is around 12-15 lakh.

5. What is the admission process for an online MBA at IIM?

The admission process may differ for each IIM, but you must have a graduate degree with a valid CAT, GMAT, or equivalent exam score to get admission.