MBA is a very popular course. There is a global recognition to this course. Hence, it is the most pursued course among the youth. Some candidates prefer to pursue MBA in their own city/state/country. However, some candidates prefer to study abroad. Hence, they register for the GMAT exam. GMAT allows candidates to apply for an MBA course in global universities. However, the foreign university of your choice can be expensive. Especially for Indians, the expenses are high. Firstly, the tuition fees for MBA are high. Moreover, the accommodation is equally expensive. One needs to follow a lot of steps before moving abroad for an MBA degree. Hence, today, we will talk about the third option. We will discuss Distance MBA. Moreover, we will also look at how MBA distance education is planned and why one would choose an MBA correspondence course. A distance learning MBA course has its own benefits.
In today’s article, we will try to cover everything about distance MBA. Moreover, we will also try to look at the best colleges offering the best distance courses. Furthermore, we will also talk about the fees for a distance learning MBA course. Additionally, we will also try to note down the differences between traditional and distance MBA. Stay tuned to learn more!
What is Distance MBA?
But firstly, let’s learn what exactly is distance MBA. Usually, when you opt for the normal MBA course, you have to attend the lectures regularly. It is like going to college regularly. Hence, the exams are well scheduled by the B school. You do not have any control over the course plan. On the other hand, a distance MBA is designed for those who cannot attend regular lectures. It is more like an online MBA course. Here, you get to attend lectures online without having to visit the institute every day for each lecture. Moreover, you can schedule your own exam at your convenience. Candidates who face financial issues or time constraints can opt for a distance MBA.
Moreover, many institutes in India offer MBA distance education courses. You get an MBA degree when you opt for the normal MBA degree course. However, if you opt for the distance MBA program, it might be counted as a post-graduation course or an MBA by different institutes. The degree you get after completion of the MBA correspondence course depends upon the institution. Hence, it varies for different institutes.
Institutes that offer a Distance Learning MBA Course
- NMIMS, NGA-SCE.
- Symbiosis, Centre for Distance Learning.
- Institute of Management Technology, Centre for Distance Learning.
- Sikkim Manipal University Directorate of Distance Education.
- Amity University, Distance Learning.
- Prin. L.N Welingkar Institute of Management.
- ICFAI University.
- Annamalai University.
- Suresh Gyan Vihar University Distance Education, Talentedge, Jaipur.
Distance Learning Fees
These are the Indian B schools that offer MBA correspondence courses mentioned above. These institutes have their own entrance tests. However, they may accept your CAT scores. Check how to prepare for CAT online: Click here. Each institute has a different course fee. Moreover, they offer different degrees for this course. Let’s look at each one of them. The NMIMS B school offers the distance learning MBA course for INR 83,000. The degree offered is PGD. PGD stands for Post Graduate Diploma. Secondly, the Symbiosis Institute offers the course for INR 30,000-37,000. The degree offered is PGD. Thirdly, there is the Institute of Management Technology. This one offers a distance MBA course for INR 88,000. The degree offered is PGDP/PGD.
Then, there is IGNOU. This B school offers the course for INR 31,500. The degrees offered are MBA/PGDM/PGD. Further, there is the Sikkim Manipal University. It offers a distance MBA course for INR 80,000 and the degree offered is MBA.
Then, there is Amity University. It offers an MBA correspondence course for INR 1,51,800. The degree offered is MBA/Master of Financial Management and PGD. Furthermore, there is the Welingkar Institute of management. The course is offered for INR 61,000 and the degree offered is PGDM. Additionally, there is the ICFAI University. The distance MBA course here costs around INR 65,000-75,000. The degree offered is MBA/PGD. Then, there’s the Annamalai University which offers the course for INR 57,050. The degree offered is MBA. Lastly, there’s the Suresh Gyan Vihar University. It offers an MBA degree for INR 1,03,225. All the fees mentioned are approximate. Hence, you need to check the details on their websites for the latest info.
Merits of a distance MBA course
Firstly, a distance MBA is the most convenient option. The lectures are scheduled at a particular time and date. However, if you miss a class, you can reschedule it as well. Moreover, you can take up exams at your convenience. Hence, you decide the date and time of your exams. Furthermore, you need not travel to the institute and hence, it’s more like an online course. You save a lot of your time and energy. Therefore, this is an ideal course for working professionals. Moreover, it’s also a great option when you cannot travel to your desired college due to some problems. You can pursue the knowledge from the comfort of your home.
Additionally, it’s totally different from your regular traditional class. Everything is sorted online. On the other hand, the traditional MBA requires consistent attendance, note-making, etc. Distance MBA is heaven for techno-savvy candidates. You can prepare your own course plan. Another benefit of this course is that it’s a low-cost program. The traditional MBA course from reputed institutes costs around INR 10 lakhs, especially in IIMs and other prominent B schools. Moreover, if you are changing cities for study, the accommodation cost adds on. However, that’s no the case with the distance learning MBA course. The courses here are pocket-friendly and hence convenient for candidates who face financial issues.
Demerits of an MBA correspondence course
A very big disadvantage is that you miss out on interaction. In a traditional MBA, you meet many industrialists and experts from various fields. Moreover, you make classroom connections as well. However, this isn’t possible in distance MBA courses. Secondly, the recognition is quite less as compared to the traditional MBA. Traditional MBA is more widely accepted and valued. But, an MBA correspondence course might not get that coverage. Furthermore, you mostly get a PGDM certificate and not an MBA degree. However, which degree to offer differs across universities offering this course. In such cases, you can opt to attempt CAT and study for the regular MBA in some of the best colleges. To read more about CAT: Click Here.
The traditional MBA course is widely accepted in India and some parts of the world as well. Hence, if your major aim is to grab a job at a top institution you need a traditional MBA degree. However, if you are already working and the organization accepts distance MBA courses, you can opt for the MBA correspondence course.
No, a distance MBA course isn’t expensive. In fact, it is more pocket-friendly than the traditional MBA. Hence, if finance is a concern for you, you should opt for the MBA distance education option.
The specializations offered in MBA are more or less the same across different universities. However, the subject structure might be different for different colleges.
Editor’s Note | Distance MBA
Here we have concluded our article. Today, we answered what a Distance MBA/MBA correspondence course is. Further, we listed down the Indian B schools that offer this course. Then, we talked about their fees and the degree offered after course completion. We saw that some colleges offer an MBA degree, while others offer a PGDM/PGD certificate. Further, we saw the merits of opting for MBA distance education. Moreover, we also saw the demerits attached. In short, we talked about the distance MBA course and compared it to the traditional MBA courses offered in the country. Both the courses are great.
However, the traditional MBA degree is more valued. Hence, if you want attractive monetary benefits then go for the traditional one. But, if there are transport/financial issues you can opt for the distance MBA course. With the right work experience, both MBA degrees are valued in the market. After all, an MBA degree must be accompanied by talent.
Hence, you need to evaluate all the aspects. Firstly, you need to check if it’s possible for you to change cities to study MBA. Then, you need to check your financial viability. Moreover, you need to check your entrance test score and other eligibility criteria of the college you are applying for. If any of this is not fulfilled, the alternative option is a distance MBA. Hence, look at the MBA correspondence course as an alternative. Moreover, if you opt for this course, there’s a lot of flexibility. But, you need to be equally self-regulated for a successful course completion experience. Make sure you are prepared for the exams and schedule them on time and not delay the course too much.