Best Online MBA Colleges Under 1 Lakh: Master’s Degree on a Budget

“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney

According to Fortune Education, more people are choosing online business degrees due to the flexibility and affordability. Enrolment in online MBA programmes has surpassed full-time programmes. This trend shows the popularity and recognition of online education among students worldwide.

In India, the trend for MBA is evergreen, but it comes with hefty price tags. It can feel scary sometimes. But imagine if you could get a top degree without spending too much money. Well, it is possible to have an online MBA under 1 lakh from some of the best-reputed colleges.

If you are worried about which university to choose, especially in terms of the budget under 1 lakh, look no further. There are many affordable online MBA colleges in India. This blog would throw some light on the top colleges offering an MBA under 1 lakh in India that don’t burn a hole in your wallet.

What is an Online MBA & Its Benefits?

It is the same as a traditional Master of Business Administration (MBA) degree, but here, you have the privilege to ditch the physical campus and bring the lessons straight to your laptop. You will learn the same business specialisations like Finance, Marketing, and Leadership, but with a flexible schedule. You do not have to worry about packed schedules, leave the comfort of your home, juggle with your daily office or burn a hole in your pocket.

Flexibility Superstar:

This is the big cheese for you as you can study at your own pace, whether you are an early bird or a night owl. You can easily fit lectures and assignments around work, family, or that epic adventure you have planned.

Save Some Pennies:

Traditional MBAs are usually expensive. Online programmes have friendlier price tags due to lower operational costs, which means more money for your personal expenses, and you can treat yourself to a great weekend (you have earned it!).

Network like a Pro:

Building online connections might not be your strength, but it has immense potential. You will be interacting with classmates from diverse backgrounds and locations, where you can network across the globe. Hone your skills, and your next business partner might be just a video call away!

Globally Recognised:

Pursuing an online MBA doesn’t mean compromising with the university’s recognition. Many reputable universities offer accredited online MBAs. That implies you will receive recognised qualifications from employers worldwide.

So, say goodbye to geographical limitations and hello to exciting career prospects.

Top Colleges Offering Online MBA Under 1 Lakh

Online MBAs are generally more affordable than traditional MBAs. However, to find an online MBA under 1 lakh is a challenge. So, here is the list of universities offering an MBA under 1 lakh to explore:

MBA Colleges Fees Under 1 Lakh

Let’s discuss these colleges in detail:

1. IGNOU

IGNOU, or Indira Gandhi National Open University, stands out as excellent in distance education in India. It breaks the geographical barriers by providing affordable and flexible learning opportunities to millions. IGNOU’s Online MBA will help you pursue your academic goals without geographical or financial constraints.

So, if you are seeking a credible online MBA degree with a focus on accessibility, IGNOU is definitely worth exploring.

Specialisations Offered:

• ✅
  Agribusiness Management
• ✅
  Construction Management
• ✅
  Health Care and Hospital Management
• ✅
  Logistics and Supply Chain Management
• ✅
  Marketing Management
• ✅
  Operations Management
• ✅
  HR Management
• ✅
  Financial Management

2. DU SOL

When it comes to online or distance education, Delhi University needs no introduction. The Department of Distance and Continuing Education, under the aegis of the School of Open Learning, offers a wide range of remote programmes. The department covers various disciplines such as commerce, economics, languages, computer science, arts, management, and others. The MBA programme offered by DU SOL is a two-year postgraduate programme aligned with contemporary business requirements. Though they don’t offer specialisations, you get a variety of electives to tailor your degree.

Electives Offered:

• ✅Finance
• ✅Marketing
• ✅OB & HRM

3. Jamia Millia Islamia

Jamia Millia Islamia is a prestigious dual-mode university with a strong legacy in higher education. It offers various academic programmes via both regular and distance learning modes. The university’s distance MBA programme is designed to empower learners with flexibility and affordability, while ensuring academic rigour through printed materials, audio-visual support, counselling sessions, and contact programmes.

The MBA programme focuses on core business areas like Marketing, Finance, and Human Resources, making it a valuable choice for aspirants seeking a budget-friendly yet reputable management degree.

Specialisations Offered:

• ✅
  Financial Management
• ✅
  Marketing Management
• ✅
  Human Resource Management

4. Andhra University

Andhra University is one of the oldest universities in India. The institution has a global reputation for its academic excellence and has further extended its scope with distance education. The Centre for Distance & Online Education programmes come with self-learning study material, a community radio station (Gyan Vani) and other features to cater the needs of the learners. The online MBA curriculum is specifically designed to help understand the practical applications of the concept and develop an entrepreneurial mindset.

Specialisations Offered:

• ✅
  Human Resource Management
• ✅
  Marketing
• ✅
  Finance

5. Kurukshetra University

Established in 1956, Kurukshetra University has now become a popular name in distance and online programmes at affordable fees. The university has an advanced LMS system, has discussion forums, live lectures, and a no-cost EMI option which starts at INR 7,417 for the online MBA programme. If you are looking for an affordable option, Kurukshetra University is one of the rare and best choices.

Electives Offered:

• ✅
  Business Analytics
• ✅
  Finance
• ✅
  Human Resource Management
• ✅
  Information Technology Management
• ✅
  Marketing Management

6. Bharathidasan University

Bharathidasan University is one of the best Online and Distance education Universities to get an MBA degree. If you want an online MBA to balance affordability and flexibility, look no further than Bharathidasan University. Their 2-year online MBA programme will offer you essential business knowledge.

Other Affordable Universities for Online MBA

Although there are limited options for online MBA under 1 lakh, there are other universities with an affordable fee structure. If your budget allows you to go a little higher to maybe 2 or 3 lakhs, you will have more options. Here are a few affordable online MBA options:

Job Roles after Completing an Online MBA

An MBA being a prestigious degree opens lucrative career opportunities for you. From career advancement to career transitioning, an MBA is suitable for everyone. Here are some of the popular job roles you can explore after an online MBA:

Source- AmbitionBox

Conclusion

When choosing an online MBA, one has to keep in mind the budget and the quality of the course at the same time. An MBA under 1 lakh is generally considered a far-fetched dream. But, there are a few colleges (as listed above) which have maintained the quality of education at an affordable fee.

With dedication and the right choice, an online MBA can be your springboard to career success. So, go forth, conquer the business world, and prove that big dreams don’t need big budgets.