What Is Online Executive MBA 2022?

Online Executive Mba is one of the most popular courses pursued by working professionals who got jobs on the basis of their bachelor’s degree. 

Now the question arises why do employees with bachelor’s degrees pursue online Executive MBAs?

The simple answer to this question is, to get an appraisal both on the monetary basis and authority terms. 

Some companies just force their employees to get an online executive MBA degree to acquire entrepreneurial and management skills.

Online executive MBA is a 1-year program, undoubtedly it is one of the best options for acquiring management and entrepreneurial skills.

Executive MBA was established with the sole aim to help professionals to achieve great heights in their careers.

Hence, the ideal applicants for the online executive MBA course are working professionals with 3-5 years of experience.

The popularity of an online executive MBA course is sky-high in recent times but for valid reasons.

If a person wants to pursue an online executive MBA from a regular college then he has to sacrifice his job, which is not the case with the online executive MBA course.

You can pursue an online executive MBA course in the comfort of your house and most importantly you don’t have to leave your job for pursuing an online executive MBA.

Online executive MBA courses save you from the risky gamble of leaving your current job for pursuing the regular executive MBA course.

Pursuing a regular executive MBA course will not yield you the expected return on investment, you will have to leave your well-established job position for the course and you might not be able to get a job after a regular executive MBA which could cover the cost of investment.

This blog will cover all the aspects of the online executive MBA course and will also tell you about the pros and cons of the online executive MBA course and for whom it is suitable.

Advantages and Disadvantages of the online executive MBA course.

Online executive MBA courses’ advantages and Disadvantages are usually subjective as every person has different requirements and demands for the program.

These points are the general advantages and disadvantages of the online executive MBA course, which are considered essential advantages and Disadvantages of the online executive MBA course.

Advantages of online executive MBA course

Given below are the advantages of online executive MBA courses.

• The biggest perk of pursuing an online executive MBA program is that you don’t have to quit your current job. You can pursue the course and acquire skills while still working, this will help you in two ways firstly you will get your MBA degree and also you can work for the funds required for the course.

• The second advantage of an online executive MBA course is that the fees required for the course are quite less compared to the regular executive MBA. You save on other expenses too, you don’t have to accommodate at any other place or travel so it saves you the travelling and accommodation expenses.

• Another perk of pursuing an online MBA executive course is the flexible learning structure, you have to just access video courses available to you whenever you want to learn. You can learn 24/7, this is the primary reason why most people go for an online MBA.

• Lastly, the return on investment is quite good when we look forward to pursuing this course.

Disadvantages of online executive MBA.

Nothing in this world has only advantages, the only disadvantage of an online executive MBA is given below.

• The downside of pursuing an online executive MBA course is that you will not have enough networking opportunities, as you will not get to meet new people and since this degree is pursued online mode thus, there are fewer chances for interaction and communication.

However, this disadvantage is not something that is only for online executive MBA courses it is the downside of pursuing any online course because you don’t have interaction and communication opportunities in online mode.

Online Executive MBA course Eligibility Criteria

The eligibility criteria for an online Executive MBA are different from a Regular executive MBA program as work experience is the compulsory factor for an Online Executive MBA. The detailed eligibility criteria for the online executive MBA course are as follows:

• The applicant must have scored 50-55% marks approximately in 10+2 as well as in graduation, from a recognised educational institute.

• The applicant must have a minimum of 2-3 years of work experience in a relevant industry. Part-time work or internships are not considered for the calculation of work experience. These criteria may vary as a few universities ask for a minimum of 4-5 years of work experience. So it is really important to check the eligibility criteria before applying.

• There are usually no restrictions on age to apply for an online Executive MBA program. However, in a few universities, the age of the applicant must not be more than 27 years. 

Admission Process 2022 for the online executive MBA 

Given below are the steps for admission to the online executive MBA course.

1. Apply through the registration/application form, which is
   present on the official website of the university(online). Applicants must fill in their details and should select their specialisations carefully.
2. After filling up the basic details, applicants have to scan their documents and have to upload them to the website.
3. Further, the applicants have to take an entrance exam and other evaluation tests, other evaluation tests include group discussion or personal interviews.
4. The final step is the confirmation and fee payment. If you pass through all the entrance exams and evaluation tests, then you will be notified about admission confirmation via e-mail.

Online Executive MBA Fee 2022

The fee for the online executive MBA program ranges between 2-15 lakhs for the course. The fees for the course completely depend upon the university you choose to pursue the course.

Is an Online Executive MBA Worth It?

It completely differs from person to person, if a person wants an appraisal in the existing company then they can go for an online executive MBA. If a person wants to switch careers or the company then it is advisable that person should go for a regular executive MBA. 

But, all in all, an online executive MBA is a valuable course to pursue if you are a working professional and want an appraisal in the same company.

Online Executive MBA From IIM

Indian Institute of Management(IIM) is the best institution in India if a person wants to pursue an MBA course in India.

Given below are the IIM campuses and the online executive programs that they offer in the various specialisations.

IIM LUCKNOW

IIM Lucknow is a premium management institute in India that offers a vast range of online executive management programs.

Given below are the specializations offered by IIM Lucknow 

1. Executive Program in Strategic Marketing for Business Success 
2. Executive Program in Project Management 
3. Executive Program in Strategic Finance
4. Executive Program in Digital Marketing: Applications and Analysis 
5. Executive Program in FinTech, Banking & Applied Risk Management
6. Executive Program in Digital Marketing and Social Media Analytics
7. Executive Program in Digital Transformation 
8. Executive Program in Data Science
9. Executive Program in Strategic Operations Management & Supply Chain Analytics 
10. Executive Program in Data-Driven Product Management
11. Executive Program in Design Thinking for Innovation and Business Transformation 
12. Executive Program in HR Analytics
13. Executive Program in Supply Chain Management during Uncertain Times 

There are various other specialisations offered by IIM Lucknow, you can check them on the official website of IIM Lucknow.

IIM Indore 

IIM Indore is one of the top 5 IIMs, its management course is designed carefully for working professionals. 

Given below are the specializations offered by the IIM Indore,

1. Executive Program in Digital Transformation
2. Executive Program in Advanced Marketing Management
3. Executive Program in Operations & Supply Chain Management
4. Executive Program in Global Business Management
5. Executive Program in Strategic Sales Management
6. Executive Program in Sales & Marketing

Conclusion

So we have come to the conclusion that Online MBA is an extremely advantageous course for working professionals who are looking for growth in their existing companies.

But it must be kept in mind that it is valuable only if it is done by a reputed university, otherwise, it will not yield a good result.

FAQs

Q1 what is an executive MBA?

Executive MBA is designed for working professionals to upskill them in their domain, it is a one-year course and aims at providing the professionals with a good skill set.

Q2 what is an online executive MBA?

An online executive MBA is an executive MBA course which is pursued in an online mode so that working professionals don’t have to leave their existing job.

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