Do MNCs Accept Online MBA Degrees?
In today’s world online education is growing rapidly and so is the online MBA programs.
Online MBA programs are designed to educate students online without deficits or problems compared to traditional and distance learning modes.
The online program not only gives education through digital media but also prepares them for the upcoming technical digital world.
Comparing the online and distance MBA degrees it has a far difference in flexibilities, accessibility, and accreditations. It is a 2-year postgraduate program that offers many kinds of specializations to students according to their interests and career aspects.
Some of the specializations offered under an online MBA program are- MBA in Finance, Marketing, Sales, HR, Logistics and Supply Chain Management, and so on.
But the question here arises ‘Do MNCs accept online MBA degrees’?
Perception Among MNCs
In historic years, online MBA programs were not much accepted by most of the MNCs due to the lack of doubtfulness and disbelief among the companies. The main concern was the quality of education, the diligence of assessments, and the trustworthiness of the online program compared to regular ones. But now the perspectives of employers have changed and online MBA degrees are now more valued than that of a distance MBA.
Changing Perspectives
However, the perspectives towards online education gradually changed and the dynamics more likely shifted after the COVID-19 pandemic. Many MNCs have started welcoming freshers and as well as working professionals of online MBA degree holders. Now the main concern of the MNCs is the skillsets and the expertise in their field.
Accreditations and Approvals
The MNCs value those online MBA degrees that hold some accreditations and approvals as directed by government bodies of India. The degree should be from a good reputed college so that it attracts and catches the eyes of any company or employer. Some of the accreditations that a candidate must keep in mind before enrolling in any online MBA program are:
- UGC-DEB: University Grant Commission: Distance Education Bureau is an accreditation that was implemented by the Government of India in the year 2021. It holds a very important role in online programs as it states the standard of providing distance and online learning of higher education.
- AICTE: The All India Council for Technical Education was established in 1945 and it comes under the Ministry of Education. Any university holding an AICTE-approved accreditation states that it provides technical education in every field to the students, Therefore, an MBA being a mix of theoretical and practical courses should also have AICTE
- NAAC: The National Assessment and Accreditation Council is a government organization in India. It assesses and accredits higher education institutes and universities. The main aim of this body is to ensure whether an institution is providing ‘Quality of Education’ to its students or not.
- NIRF: The National Institute of Ranking Framework is a ranking system adopted by the Ministry of Education to rank universities according to their performances and quality of education.
Skills and Expereines
As discussed above in this blog, the main aim of any good reputed MNC would always be your work experience, knowledge, and skills. Therefore, a candidate must focus on brushing his skills and knowledge and doing as many internships as he can. Attending online events, forums, and collaborative programs would also help in gaining and upgrading knowledge and experience.
Networking Opportunities
One of the main concerns about online MBA programs is the lack of networking opportunities as compared to offline MBA programs. However, this issue has been raised and resolved in many reputed online Universities as they provide students with virtual events, programs, forums, collaborative projects, and a connective Alumni network. This helps the students to grasp the industrial knowledge of the business world. Therefore, networking holds an important place in online MBA programs.
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Conclusion
In conclusion, the acceptance of an online MBA degree has come far long and the MNCs are now accepting these degree holders and valuing it. Working professionals who want to grow their career prospects and want to reach higher levels of their career should opt for an Online MBA degree as it is reputed and valuable in the eyes of employers as well as companies.
