The Impact of Online MBA Programs on Career Growth
Online education has made many professionals opt for an online MBA to upgrade their careers. As per a report from Statista, the global online education market will be at $315 billion in 2022, and management courses will be on top. The case study will deal with the career growth of professionals who have pursued an online MBA from Indian universities.
Objective
To analyse the effect of online MBA programs on career progression, salary increase, and skill development.
Implementation
Participants: 5,000 professionals from various industries, aged 25–40, were surveyed.
- Duration: The study analysed data from 2020 to 2023.
- Key Metrics: Career progression, salary hikes, and skill application.
Results
- Salary Growth: Participants reported an average salary hike of 42% post-MBA, with an increase from ₹6.5 LPA to ₹9.3 LPA.
- Promotion Rate: 60% of the students were promoted within one year of their graduation.
Expertise Gained
- 75% gained expertise in strategic decision-making.
- 68% improved their leadership skills.
- 82% gained more advanced financial analytical tools.
- Insights from Industries: IT and finance professionals got the highest returns on investment after doing an MBA. 50% of those who did an MBA received international job offers.
Conclusion
The case study shows that the online MBA program provides much-needed career benefits to working professionals in terms of skill development and employability in the highly competitive job market.
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