The constant seeping in of internet and technology in all aspects of our life from entertainment to communication has now hit the education sector. Technology is soon expected to bring teaching outside the boundaries of MBA colleges and make it available to all, irrespective of their geographical location.
MBA colleges in India and worldwide at the same time have also risen up to the need of the hour and have created modules that strengthen the possibilities of online MBA programs and correspondence MBA.
A possibility ranked highly amongst the top MBA colleges in India including the IIMs, short term courses of six month to one year duration have begun to spring up in MBA colleges across India and abroad. The most valued among them being the short term management education programs for working executives to be launched by IIM-B, IIM-Calcutta and IIM-Kozikode.
The MBA colleges understand that the requirement of online MBA programs and correspondence MBA programs is more for the working professionals who can not afford to give away two years dedicatedly to studying or for those who have already reached the mid-level of their career and are now look for a push further.
The MBA colleges in India are beginning to look at MBA colleges in UK and MBA colleges in Singapore to understand the functioning, planning and the design of online MBA courses. There will be extensive use of the satellite broadband medium for the give and take of information, communication and for the purpose of tests and exams.
Currently, the MBA colleges in India like the IIM-B and IIM-C charge between 1 to 2 lakhs for their one year short term satellite course but the fees structure is expected to vary as per the reputation of the MBA college and the duration of the program. Since targeting the working professionals the eligibility criteria for online MBA courses from MBA colleges in India in terms of work experience may vary from a minimum requirement of 2 years to 5 years.