Distance MBA is an approved course by the government. It is one of the most sorted after course by the working professional who either couldn’t complete their Higher Education or needs an additional degree for a promotion or a better prospect. In May 2018 it was announced by the University Grants Commission that educational institutions could offer MBA distance learning degree online. If you want to do a postgraduate course but is unable to enrol for a fulltime course due to work schedule or any other reason, you can opt for MBA distance education. Many MBA distance educational institutes offer online MBA, correspondence MBA, or a combination of both.
The below are the type of institutions that can offer that is recognized by the Government of India for distance MBA, and those are:-
1. State open Universities
2. IGNOU or National Open University
3. Distance Education Institutions (DEIs) at Institutions of National Importance
4. Distance Education Institutions at Stand-alone Institutions such as Government, Private or Professional Associations
Cost of Distance MBA education
The distance MBA cost is low compared to the full-time MBA. However, just like in anything, the total cost incurred for Distance MBA is an essential parameter for deciding the college/University. The fees vary based on many factors the most important being- brand name of the college and duration of the program. Let us take a look at the cost of distance education for some of the top institutions of India.
Symbiosis Centre of distance learning (SCDL)
Great brand value
Highly qualified faculty members
A large number of programs
Fees- 2 years program- Rs 37000 (Approx)
NMIMS Global Access School for Continuing Education
Has many courses- 2years & 1-year specialization
Course fee- Rs 83000
Indira Gandhi National Open University (IGNOU)
Many study centres across India
Highly recognized for distance MBA
Course fee- Rs 37800
Sikkim Manipal University- Distance Education, Sikkim
5 lakh alumni brand
Course fee- Rs 80000
Annamalai University, Tamil Nadu
Well known public University
Course fee- Rs 25800
11 areas of specialization
Course material shared electronically
24*7 learning facility
Course Fees- Rs. 1,51,800
Please note, the above fees mentioned include the program fee only and subject to change.
Benefits of Distance MBA
Distance MBA offers a lot of perks and benefits. Some of them are :
Time management– Distance MBA allows to manage time effectively. You can continue your job and earn a degree simultaneously.
Cost-effective- The cost of distance education is much lower than a regular MBA. While regular MBA cost 8-20 lakhs, distance MBA cost 75000- 2 Lakh.
Cicurrilum is relevant to the industry- There are many institutions like Symbiosis centre of distance education whose curriculum is best suited according to the need of the appropriate University.
There are many universities across the country that are Distance MBA. You need to compare the study material, a course designed, Distance MBA cost and other factors which are best suited for you.