Over the last decade, there has been a rising demand for MBA grads among small and big corporations. HRs are constantly looking for employees who can take care of the business and administration aspects of an organisation. MBA grads, depending on their specialisation, are expected to build a company’s brand, design revenue models, and acquire skilled employees. This is why B-schools receive thousands of applications every year. But, with the ever-increasing cost of higher education, are B-schools losing their students to distance education providers? Let’s find out.
The Changing Education Scenario
There was a time when it was compulsory for students to attend a college or university to get a bachelor’s or master’s degree. One of the reasons for this hard-and-fast-rule was the lack of good internet connectivity. But now, with the advent of high-speed internet connection and advanced technology, you can pursue your education from home. Whether it’s a distance BBA or an MBA, you no longer have to sit in a classroom to complete your degree.
The Demand For Experience And Education
Online courses are a hit with working professionals who want to keep their job and as well as complete their higher education. Most often, undergraduate students want to gain on-job training and experience while pursuing another degree on the side. This helps them get the best of practical and theoretical learning platforms. If you’ve been placed in a good company but would like to get an MBA degree, you can opt for an online MBA program and also keep your job.
Low-cost Online MBA Programs
If you research MBA courses offered by various universities in the country, you’ll rarely come across a program that costs less than Rs. 2 lakh. And, if you’re looking for top-notch B-schools, you might have to shell out more than Rs. 10 lakh. While they may be good and credible courses, not everyone can afford them even if they clear entrance exams. This is where online MBA programs have been helping students by providing them the same level of education at a much lesser price. If you’re worrying about the quality of education you’ll receive, then it all depends on the distance education school you choose.
With more and more students and working professionals opting for online courses, distance learning might well be the renaissance of education. Needless to say, the future of education will be heavily influenced by online academic programs.