An online Masters in Business Administration (MBA) is a form of distance learning program that uses virtual learning platform or e-learning to impart lessons. All you require is access to active internet connection or ability to reach the city-specific virtual learning centre. Simply put, online MBA is somewhere between a regular MBA and correspondence MBA.
Based on the duration, the online or satellite management programmes offered by B-schools can broadly be categorised into:
The courses are held on certain days every week in a virtual learning centre. In some cases, online lessons are available round the corner for the benefit of the student. They are often accompanied with a small campus tour towards the end.
Almost all the leading B-schools in India including the IIMs offer such satellite-based programmes, costing anywhere between Rs 1 lakh to Rs 10 lakh. Eg: IIM Kozhikode offers various PGDM and certificate management courses for executives (Duration: 1 to 2 years) for Rs 60,000 to Rs 7.50 lakhs.