Online MBA programmes that hold virtual classes through Zoom sessions are referred to as virtual MBA programmes. You can choose to take 33% of the lessons in-person or 33% of the classes digitally in virtual MBA courses.
Working professionals who want flexibility in their coursework without sacrificing regular connections with professors and fellow students can benefit from virtual MBA courses.
Since there are courses available in both the traditional form and entirely online/distance, the virtual MBA is currently a novel idea in India. However, in India's online MBA programmes, students can benefit from virtual classrooms, online self-study materials, LMS, and virtual job fairs. Some colleges, like IGNOU, also provide some in-person classes on the weekends, but as a result of COVID-19, the university is no longer offering any offline courses.
However, Indian colleges have a solid infrastructure in place to offer online research materials, lectures, and exams. After 2020, many universities—both public and private—are expected to begin offering online MBA programmes to students, complete with appropriate teaching strategies and virtual interactions with instructors.
Universities like Jain Online and Amrita Ahead Online provide UG courses in an online or virtual setting instead of MBA programmes. After passing all of the tests, you will receive official degrees from such colleges, as well as the advantages of virtual contact with professors and classmates, placement assistance, and internship support. Both remote learners and working professionals benefit from taking virtual MBA courses.
Although 33% of the classes in virtual MBA programmes can be attended in person with faculty interaction, all classes are offered online. Working professionals are free to attend on-campus classes if they can handle it; the option of 33% of actual classes is optional.
Universities offer placement assistance to normal and online students for career and internship interviews. To close the hiring gap, universities like Jain Online, Amrita Ahead Online, and NMIMS host virtual job fairs and partner with MNCs, companies, and startups.
If they join forces with reputable universities, MBA students also have the option of participating in online or virtual internships. Students who enrol in an online MBA programme have plenty of time to balance their studies with an internship, employment, or live projects. Virtual MBAs typically last one year, although students have a maximum of six years to complete all of the tests. The length of online courses, however, varies depending on the university you are attending.
Candidates only need a bachelor's degree from an accredited university; they are not required to pass any entrance exams. The majority of applicants choose virtual MBA programmes because it is simple to gain admission to universities for these programmes.
The cost for students pursuing a virtual MBA degree ranges from Rs. 50,000 to Rs. Additionally, the academic fee is determined by the university you have selected.
Online MBA programmes typically last two years, but universities grant e-learners an additional two to three years to complete all of the required tests. However, universities that are solely committed to offering online MBA degree programmes will only provide programmes with a minimum 1-year duration and a maximum 6-year duration.
Universities provide MBAs in a variety of disciplines of speciality to gain in-depth knowledge of many industrial fields. MBA is renowned for imparting managerial expertise in several domains.
Even though India has a large number of management universities or colleges, not all of them provide students with virtual or online MBA degrees. Following that, we included a list of the best management schools in India that provide a virtual MBA.
1. Narsee Monjee Institute of Management Studies
2. Symbiosis Institute of Management Studies
3. Amrita Vishwa Vidyapeetham University
4. Koneru Lakshmaiah Education Foundation
5. Gandhi Institute Of Technology And Management
It has long been held that a virtual MBA is of little use in securing a respectable position outside of academia. However, this theory is just as untrue as the notion that online education is ineffective. A virtual or online MBA is similar to a traditional MBA, with the exception that you have fewer in-person interactions with your professors and peers. A virtual MBA, on the other hand, has the right learning management system to provide you with a classroom-like experience, and even after receiving this degree, there are lots of career chances. The job opportunities that are available for you are:
1. Marketing Manager
2. Human Resource Manager
3. Financial Risk Analyst
4. Department Manager