Online MBA in India

The web has given a new lease of life towards the MBAprogram in India. While using Indian economy evolving into a knowledge based one, lifelong learning has become an imperative.

There has been an increase in the number of homes gaining online access. Advances in satellite technology, the internet and global education have prepared the earth for a distance learning revolution in the united states.

Companies with global aspirations currently prefer that their employees keep themselves updated about the latest trends and management technologies and never have to leave their desks. In a really scenario, earning an online MBA degree is really a cost-effective career move for students, working professionals as well as those seeking a career change.

According to a document by brokerage firm CLSA Japan Pacific Markets, India's distance learning market is expected to grow from the current US$27 thousand to US$280 million by 2012. The market for online tutoring world-wide is estimated to be approximately US$12 billion.

In the light of these estimates, it is not surprizing in which India's online MBA programs include witnessed a significant increase in the number of domestic and foreign participants. Domestic institutes like Amity University, Symbiosis, SP Jain Initiate of Management and Research, Initiate of Management Technology, Sikkim Manipal University and Narsee Monjee Initiate of Management Studies now compete for virtual space with international online providers like U21 Global and the University of Phoenix.

The online MBA market in India includes two segments: corporate training as well as retail education.

Corporate training

Organizations view training and employee development as amongst the most crucial contributing factors for survival and business excellence available in the market place. India's corporate learning marketplace is, however, highly fragmented as well as diffused. The good news is that the majority of Indian corporate houses are waking up to the need for comprehensive education solutions inside the corporate training domain.

Large businesses recruit between 3, 000 to 5, 000 people annually , nor have the capacity, infrastructure or staff to coach them. For example, Indian companies like information technology giants Tata Consultancy Solutions, Infosys, and Wipro do not include adequate time and infrastructure to deal with their training needs.

Nick Hutton, BOSS of U21 Global, the online varsity promoted by the consortium of international universities, says "Online management education providers… seek to address this need for corporate training through some comprehensive education modules delivered to corporations by combining the web and global faculty. "

Retail store Education

India's higher education system stands out as the world's third largest with a lot more than 13 million students, but the united states educates only around 12% on the student population.

In the sphere of management education, a mere 150, 000 out of the estimated 500, 000 applicants gain admission into the 2, 000 recognized business colleges.

Online degrees provide cost-effective usage of education. Not only that, online MBA programs made available from foreign universities are a big bring in India. These allow Indian students to secure a major international qualification without traveling abroad. Students in remote towns and perhaps even villages can easily access programs and attend speaks of eminent faculty delivered via the internet or via satellite technology.

Hutton notes "The current higher education model suffers from inherent rigidities, which prevents supply from increasing. Apart from infrastructure constraints on brick and mortar campuses, a critical limitation is usually non-availability of quality faculty.

"The online MBA program model can look after both problems by distributing the campus to where the demand exists and utilizing the lectures of the most useful global faculty by introducing portability as well as scalability through technology. "

Manoj Sharma, deputy director for e-learning programs and also the Pan African e-Network Project, Amity Core for e-Learning (ACeL) says "E-learning is usually, by far, the most efficient, economical, and viable mode of education dissemination around the world. Physical infrastructure is not really established yet prospective but deprived learners get access to world class education from wherever they're at a reasonable cost. inches

The Amity Center for e-learning, offered by private education conglomerate Amity University offers two online MBA packages and various management modules.

Corporate and business partnerships

With Indian companies investing seriously on education and training with regards to workforce, corporate partnerships with online training providers are the order of the day.

24x7 Mastering Pvt Ltd, an e-learning execution company in India, offers an online MBA throughout collaboration with industry partners like media companies CNN-IBN and CNBC TV 18. Karthik KS, CEO of 24x7 Learning Pvt Ltd claims "The problem with many on the web MBA programs offered in India is how the course content does not mirror industry requirements. "

According to Perspective 2020, a study through the industry body Nasscom (The Nation's Association of Software and Solutions Companies), Indian industry is facing a shortage of employable talent and companies are hiring people who lack skills, but are trainable.

Karthik says "By partnering with industry, we have tried to make certain that our online MBA programs are relevant and supply the right skills. Our academic and industry companions help design the curriculum content and give internships and placement opportunities to students. "

With the right combined industry-relevant content, top faculty as well as sophisticated learning technologies, the online MBA program could help avert the country's skills situation while helping corporations retain their competitive edge inside the global marketplace.