With more and more startups and businesses sprouting each day, the management scenario in India is also shifting in order to keep up with the changes. Our country is still on the road to recovery from an intense economic slowdown led by demonetization. In the wake of this transformational phase, education experts at Jaro Education list the top emerging trends in MBA education in India. Read on:
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Move over the traditional “two-year” MBA programs
The popularity of conventional full-time MBA programs is on the decline. According to education experts at Jaro Education, a growing number of online MBA offerings, compounded with constant traditional MBA offerings has resulted in greater accessibility of the illustrious Master’s programme worldwide.
As the demand for MBA skills increases and online learning reduces the barriers to entry, applicants from varying industries and backgrounds are applying for MBA. The nature of the course makes it ideal for both MBA preparation and skills development, for working professionals unable to study a regular MBA.
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Salary hike is on the cards
Post the financial crisis of 2008, MBA students experienced a major decrease in their salaries. The average salary of MBA students after 3 years of graduation, between 2008 and 2014, increased by a mere 4 percent. This was in stark contrast to the average cost of two-year MBA program, which increased by a massive 44 percent.
However, as of 2018, salaries in education, transport, logistics, and law sectors are on a constant rise. As estimated by experts at Jaro Education, the overall salary in the above-mentioned sectors could rise to as high as Rs 1 crore by the end of the current fiscal.
However, this doesn’t mean you have to wait until then for an increased income. Experts at Jaro Education are of the opinion that pursuing an online MBA program can provide you with an almost immediate hike in salary. Additionally, it will save you from the hassle of having to leave your job to pursue a full-time two-year course.
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Alternatives to conventional MBA degrees
The current generation is tech-savvy, and hence the education sector has transformed likewise. More and more working professionals are now developing niche ‘micro-credentials’ by opting for skill-based online short-term courses. Those who still want to earn an MBA degree are going for online MBA programs offered by institutions like Jaro Education.
With rapidly changing times and notions, keeping up with them has become imperative. Online MBA by Jaro Education is an excellent way to do that. Not only such courses offer you great flexibility, but they also don’t burn a hole in your pocket. A win-win situation it is, isn’t it?
