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Thursday, April 25, 2024

Why online MBA applications surged due to Covid-19

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Online MBA courses have always been around but weren’t as popular until the pandemic. Travel restrictions and lockdowns have forced everyone to resort to digital platforms. There is a global surge in the number of applications for MBA courses online.

The trend was similar in all streams of MBA, especially in finance and investment banking. At a time when people were restricted to their homes, it is interesting to see what forced these aspirants to move towards management courses.

Reasons for increased interest in MBA online

— The primary reason for the increase in interest is the travel restriction that increased the overall number of online courses across the world.

— Several management schools decided to waive off the requirement for GRE and GMAT scores for MBA admissions.

— Students failed to get their academic transcripts and other required documents before the deadline. Under these circumstances, several MBA online courses become flexible with the deadlines.

— The availability of short and full-term courses is another factor that encouraged many to choose online courses.

— The online courses allow professionals to sharpen their skills and do it as a part-time course as well.

— Most importantly, online courses like distance learning MBA in finance can be highly economical as there are no transportation, rental or other expenses in the form of physical study materials.

MBA in investment banking in India

One of the most popular management courses is MBA in Investment Banking in India. IB is a popular career option for MBA students as an investment banker needs certain skill requirements that MBA graduates can easily fulfil. An IB aspirant with a finance background could easily pursue an MBA course in investment banking that is available as an online course.

Another option is the post-graduate programme in new age banking. It is available as a short 11-month program as well, in the form of a 2-year distance course. Such courses are highly recommended as they provide mentorship programs and career guidance. They also provide opportunities for a wide range of career options with attractive salaries as per the industry.

Distance learning is on the rise

While there were not many distance learning opportunities for MBA in the past, the last few years have seen a surge in the number of such opportunities. The distance learning MBA in finance is a popular option among others. These distance courses would also help the candidate find a placement and get a decent starting salary as well.

Here, the only important thing is to find a reputed university or school so that the time and effort people put into the course is rewarding and fruitful. Even the top recruiters give credit to many of the distance MBA courses with job opportunities in various fields.

What makes an online MBA unique and enticing is the fact that it enables students to get their degree quicker. The inability of the professionals to have 100 per cent attendance for the course is also challenging. The digital route negates this difficulty and makes the learning process flexible according to the student’s timings and convenience.

They would also get expertise from top professionals so that there is no compromise on the quality of education. Moreover, an online MBA is an opportunity to interact with a wider network of people globally and get their perspectives on the course and career opportunities.

(ThePrint ValueAd Initiative content is a paid for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)

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