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

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

by Collegesathi - Jun 16, 2024

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, and many more 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 or not. 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. 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.

Top IIMs Offering Online MBAs in India

Here is a list of the top 15 IIMs offering online MBA courses in India.
S.No. Name of the Institute NIRF Ranking
1. Indian Institute of Management Ahmedabad 1
2. Indian Institute of Management Bangalore 2
3. Indian Institute of Management Kozhikode 3
4. Indian Institute of Management Lucknow 6
5. Indian Institute of Management Indore 8
6. Indian Institute of Management Rohtak 12
7. Indian Institute of Management Raipur 14
8. Indian Institute of Management Udaipur 16
9. Indian Institute of Management Ranchi 17
10. Indian Institute of Management Kashipur 23
11. Indian Institute of Management Shillong 24
12. Indian Institute of Management Visakhapatnam 26
13. Indian Institute of Management Trichy 27
14. Indian Institute of Management Bodh Gaya 33
15. Indian Institute of Management Jammu 42


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 is 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 a minimum of 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 also upload a recent passport-size photograph in color to the portal.
  • 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.

Tips to get admitted to IIMs

1. Maintain Strong Academic Performance
Strong performance across all 10th, 12th, and graduation can greatly assist your chances of being offered an invitation by IIMs, particularly the older IIMs like IIM Ahemdabad, Bengluru, and Calcutta. There is no denying that having good marks consistently is a good academic record and demonstrates that you have an academic justification of your disciplined thinking. Even though you can not change your previous years of performance, you can improve the scores future or ongoing academic performance in the future that help make your complete profile better acceptable within IIM where you may find your academic background will be given strong weight in your overall profile.
2. Build Quality Work Experience (If Applicable)
Having 2-3 years of suitable and meaningful work experience will support your profile for IIMs. Work experience is important as an exposure to real-life business and IIMs, like IIM Bangalore and IIM Lucknow, look at it as an admissions matrix in your profile. The quality of work experience will also be important for IIMs—namely the roles that encompass leadership, a greater degree of responsibility, or provided processes that offered value or improvements would be highly recognized. Achievements quantifiably over your period of work recognized during your tenure will also carry good weight in your profile and provide good conversations if interview is achieved.
3. Establish a Well-Rounded and Distinguishable Profile
IIMs search for candidates who are well-rounded and have a diversified profile. By adding some diversity to your profile through extracurricular, volunteering, internships, or other online certifications like in digital marketing, finance, or analytics, you can stand out in front of the selection committee. Gender and academic diversity also matter, as most IIMs prefer, and actively invite students from non-engineering backgrounds, and underprivileged backgrounds.
4. Smart Preparation and Time Management
Adapting the preparation strategy used by the successful CAT aspirants, you will realize that they emphasize smarter, consistent preparation over long hours of studying. So it is very important to start early, 8–12 months ahead for example, and study based on a structured study plan or schedule. Know your weak and strong areas, plan time accordingly, and a study plan can also utilize quality study material (and coaching) either online or offline. Revision is important too and so is taking full-length mock tests, simulating exam conditions with strict timing, as they too not only help revision but you will perform better on test day.
5. Stay Motivated and Consistent
Preparing for CAT is a marathon and not a sprint. Be ready for ups and downs, but know that the key is to remain focused, consistent, and think positively. Stay connected with other CAT aspirants through Facebook, Reddit CAT groups, or Telegram groups, as many CAT aspirants have found these platforms to be motivating places, where they provide useful tips and motivating information regarding CAT and PGDM selections and postings.

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 from INR 10,00,000 to 20,00,000 depending on the programs or specialisation offered. For example, the executive PG programs offered at IIM Kozhikode ranges around INR 12,00,000, whereas, e-Mode PGP program at IIM Ahemdabad costs around INR 20,00,000. However, these costs covers everything including 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. Along with this, a wide range of specializations is also available for students to choose from as per their interest and career goals.
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
  • Information Technology
  • Economics & Public Policy
  • Information System
  • 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. With a strong curriculum, industry-relevant skills, and networking opportunities, graduates can explore leadership roles across various sectors with expertise to drive business success.
Career Path Description Common Roles
Healthcare management Managing healthcare facilities efficiently with MBA expertise.
 
  • Healthcare Compliance Manager
  • Healthcare Financial Manager,
  • Health Information Manager,
  • Clinical Operations Manager,
  • Healthcare Administrator
Human Resources (HR) Overseeing recruitment, training, employee welfare, and performance appraisal.
  • HR Manager
  • Talent Acquisition Manager
  • Employee Relations Manager
  • Learning and Development Manager
  • Compensation and Benefits Manager
Consulting Providing management, advisory, and leadership consulting to businesses.
  • Strategy Consultant
  • Operations Consultant
  • IT/Technology Consultant
  • Human Capital Consultant
  • Financial Advisory Consultant
Marketing Developing marketing strategies for products, services, and markets.
  • Brand Manager
  • Marketing Director
  • Digital Marketing Manager
  • Content Marketing Manager
  • Product Marketing Manager
Finance Managing financial strategies, investments, and risk assessment.
  • Chief Financial Officer
  • Investment Manager
  • Financial Controller
  • Finance Manager
  • Risk Manager


Conclusion

Looking at the benefits that 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. In addition, it can be said that there is no doubt that pursuing an online MBA from IIMs can help you work with leading businesses in India as well as abroad. With numerous specializations and pragmatic learning opportunities, IIMs always ensures that your learning experiences at the institute worth it.
Whether you are a student or a working professional, opting for IIMs for online MBA can never let you down in your career. So, get registered, start your learning journey and boost your career.


Frequently Asked Questions

 

1. Are online MBAs from IIMs worth it?
Yes, online MBAs from IIMs are highly valuable, offering quality education, industry-relevant skills, and strong networking opportunities, making them a worthwhile investment in your career.

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.