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Online MBA Scholarships and Financial Aid - Here’s What You Need to Know!
Edited By Arushi Pandita | Updated on May 26, 2025 12:38 PM IST | #MBA
Online MBA programmes are more affordable than regular ones. The fee of online MBA courses in India range from Rs 50,000 to Rs 5 lakhs. In IIMs, the average online MBA fee is Rs 10 lakhs - Rs 20 lakhs.
Several UGC-approved online MBA colleges in India, along with IIMs, offer scholarships and financial aid to help students manage their education costs without financial strain. Although online MBA fees are relatively lower, students still have to cover the costs. Scholarships and financial aid promote academic excellence, making online MBA courses more accessible.
Universities offer various types of online MBA scholarships, including merit-based scholarships, need-based scholarships, and diversity-based scholarships. Beyond scholarships, online MBA financial aid also encourages students to get education without worrying about excessive debt. The online MBA financial aid is offered in terms of educational loans, easy EMI options or installments.
An online MBA equips students with core business and management skills. Students can also gain specialised learning in areas such as entrepreneurship, digital marketing, human resources, and IT. Online MBA offers networking, career guidance, and alumni status, making the programme ideal for working professionals and graduates seeking career advancement.
Types of Online MBA Scholarships
There are several types of scholarships offered by online MBA colleges in India. These online MBA scholarships are available to different categories of students.
Scholarships | Details |
|---|---|
Merit-Based | This scholarship is awarded to students with strong academic records and achievements. |
Need-Based | Provided to those students who come from weaker financial backgrounds. |
Industry-Specific | This type of scholarship is awarded to different categories of students based on industry, including defence personnel and government employees |
Top Colleges Offering Scholarships And Financial Aid for Online MBA
According to the University Grants Commission (UGC) 2022 data, online education saw a 170% rise, with online MBA enrolments reaching 28,956, showcasing a 50% increase from 2020 to 2023. With online MBA fees ranging from Rs 50,000 to Rs 5,00,000, scholarships and financial aid play a vital role in helping students manage costs effectively.
Amity Online MBA Scholarships
| Category | Scholarship Credit | Eligibility Criteria |
|---|---|---|
| Divyaang (persons with special needs) | 20% | Valid certificate of disability as per government norms |
| Defence Personnel | 20% | Minimum 2 years of service in the defence forces with a valid Identity Card number |
| Amity University Alumni | 20% | Amity University UG/PG alumni |
| Merit-Based | Up to 20% | Academic excellence with minimum 85% aggregate in the previous qualification |
| Sports Scholarship (CHAMPS) | 30% - 100% | State, national, or international-level sportspersons with valid affiliation from the respective sports federation. |
Top UGC Approved Colleges for Online MBA
Download this ebook and get all details related to the top UGC approved colleges for Online MBA.
Download List HereOnline Manipal Scholarships For Online MBA
| Category | Scholarship Credit | Eligibility/ Documents |
|---|---|---|
Persons with disabilities | 20% | Divyaang certificate |
Defence personnel | 20% | Personnel / Service / IC number |
Alumni | 20% | UG/PG alumni of Manipal University Jaipur |
Government employees | 10% | Identity card |
Merit ( 80% and above in bachelor's degree) | 10% | Mark sheet |
Amrita Online MBA Scholarships
| Category | Scholarship Credit | Eligibility |
|---|---|---|
Merit | 10% | UG: Above 60% in 12th or equivalent PG: Above 6.0 CGPA or equivalent at UG level Enrolled AHEAD UG/PG: Above 7.5 CGPA |
Defence Personnel | 20% | All in service or retired |
Martyr’s | 20% | Wards of Martyred soldiers |
Sports | 25%-100% | Sports listed under IOC, IOA, AIU, MYAS |
Divyang | 20% | Differently-abled |
Amrita Vidyalayam | 20% | Selection process |
Amrita Alumini | 10% / 20% | CGPA: above 6 / above 7.5 |
Amrita Talent Hunt | 20% | National/International events recognized by the Board |
DY Patil Vidyapeeth Online MBA Scholarships
| Category | Scholarship Credit |
|---|---|
Indian - Defense Differently Abled | 5% |
NMIMS Online provides special incentives to armed forces, defence personnel and their immediate family with a 20 percent concession on the program fee.
With fees varying widely, online MBA scholarships and financial aid help students from weaker financial backgrounds. Top tier institutes such as IIMs, Amity University, and Manipal University Online, among others play a crucial role in making education more accessible and affordable.
Also Read: Top Online MBA Specialisations to Pursue in 2025
How To Maximise Online MBA Scholarships and Financial Aid?
Managing expenses for online MBA students can be challenging. However, with online MBA scholarships and financial aid offered by Indian universities, it is essential for aspiring graduates to know how to maximize these opportunities. The following points outline effective strategies to maximise scholarships and financial aid for online MBA students:
Read Terms And Conditions: Once you have been successfully awarded an online MBA scholarship or online MBA financial aid, make sure to always read the terms and conditions attached to them. Understand the renewal criteria, deadlines, and any academic requirements to ensure continuous support throughout the two-year online MBA curriculum.
Maintain A Good Academic Score: Indian universities prioritise academic merit for scholarships and financial aid. To qualify, students should maintain strong academic performance and stay committed to their curriculum. Consistently excelling in studies increases the chances of receiving financial support from the university.
Check And Monitor: Always stay vigilant of your online MBA scholarship disbursement. Ensure that the funds are credited on time as per the scholarship's terms. Students must maintain records of all the scholarship and financial aid documentation, including disbursement receipts, and should maintain communication with the financial aid officer for financial updates.
Utilise Professional Development Opportunities: Online MBA scholarships and financial aids help students cover additional expenses. The fund can be used on building their professional brand, including attending workshops or conferences that enhance their skills and make them more competitive in their careers.
Popular Colleges Offering Online MBA
Several top colleges in India offer online MBA in different specialisations. Students must visit the official website of their preferred college and enrol in an online MBA programme to fulfil their personal and professional goals. Here is the list of some of the popular online MBA colleges in India.
- Amity Online MBA
- Manipal Online MBA
- SASTRA Online MBA
- BSAU Online MBA
- LPU Online MBA
- Symbiosis Online MBA
- Parul University Online MBA
- Amrita University Online MBA
- Alagappa University Online MBA
- Chandigarh University Online MBA
Online MBA scholarships and financial aid help students continue their education without any financial constraints. By understanding the terms and conditions before applying, students can fully maximise the benefits of online MBA financial aid and scholarships, enabling them to excel in their careers.
Frequently Asked Questions (FAQs)
1. Who can apply for online MBA scholarships?
Anyone who meets academic performance, personal statement, and financial criteria can apply for online MBA scholarships.
2. How can I apply for financial aid in online MBA courses in India?
Students need to visit their preferred university, check all details and meet all the requirements for the online MBA financial aid.
3. Which Indian universities offer scholarships for online MBA in India?
Universities such as Amity University, Manipal University, and Chandigarh University offer scholarships and financial aid. IIMs also provide scholarships to meritorious students.
4. Are education loans available for online MBA programs?
Yes, universities such as IIM Kozhikode provide loan options for students seeking to enrol in an online MBA course.
5. Can working professionals apply for online MBA financial aid?
Yes, working professionals can apply for financial aid options available for online MBA courses. The online MBA financial aid is offered in terms of educational loans, easy EMI options or installments.
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List of MBA colleges
Questions related to MBA
Have a question related to MBA ?
Hello aspirant,
Here below I am providing you with the name of some of the best MBA colleges in Noida:
- Amity University
- aipuria Institute of Management
- Lloyd Business School
- Galgotias University
- GL Bajaj Institute of Management and Research
To know about more colleges, you can visit our site through following link:
https://bschool.careers360.com/colleges/list-of-mba-colleges-in-noida
Thank you
Sajal Trivedi 22 July,2025
The Delhi NCR region hosts several top MBA colleges, both government and private, offering strong academic programs, industry exposure, and placement opportunities. The Indian Institute of Management (IIM) Rohtak, although located slightly outside the core NCR, is among the best and offers a highly competitive program. In Delhi itself, the Faculty of Management Studies (FMS), University of Delhi, is widely regarded as one of the best in terms of ROI, academic quality, and alumni network. Other well-reputed institutions include Indian Institute of Foreign Trade (IIFT), Management Development Institute (MDI) Gurgaon, and International Management Institute (IMI) Delhi. For those considering private options, institutes like Birla Institute of Management Technology (BIMTECH) in Greater Noida and FORE School of Management in Delhi are also recognized for their consistent placement records and corporate connections.
OISHEE BANERJEE 21 July,2025
Hello Amit Kumar,
As a working professional managing operations and maintenance of EV charging stations, both programs - the Online MBA in Operations Management or the PGDM in Energy Management from Symbiosis - can be valuable, but the most appropriate choice will depend on your long term career goals.
- The Online MBA in Operations Management would build on your foundational knowledge base in process optimization, logistics and strategic operations which is core to expanding the EV sector infrastructure and optimizing your maintenance workflows.
- While the PGDM in Energy Management from Symbiosis is narrower in focus and leads more deeply into the energy sector, it provides an advantage, particularly for someone wanting to take a stronger focus on sustainability, energy policy and the power sector dynamics that influence these areas.
If you hope to become a strategic leader in the EV and energy sectors, the PGDM in Energy Management fits more closely with this purpose. If you hope to assume broader leadership roles in diverse industries, then an MBA in Operations gives you broader flexibility.
gopi 21 July,2025
Hey Amit :)
Thanks for reaching out! And, your MBA plan sounds great!
Going for an MBA is definitely a smart move to aim for a better package. However, remember that only adding an MBA degree, without much development in your skills and expertise won't give you a BIG jump in your payscale.
Here are few scenarios about your post-MBA salary:
• If you continue in the same role and same company - 12-15 LPA
• switch to managerial role in the same domain - 13-18 LPA
• moving to a new domain according to your MBA - 14-20 LPA
P.S. Select your MBA domain that is high in demand and pays well.plus,add more value to your resume by adding real projects,and other certifications while doing your MBA.Don't forget networking!use Alumni network from the University and build good connections.
All the best!
Explore more :
https://dqxeclau.top/courses/mba-master-of-business-administration
Taabia Fathima 22 July,2025
The placement reality of the Online MBA from Manipal University Jaipur is fairly balanced. The university offers decent placement support through virtual drives, resume building, and career guidance. While some students have secured roles in reputed companies like TCS, Deloitte, and Accenture, the average salary ranges between 3 to 5 LPA, with a few getting higher packages.
However, as with most online programs, placements largely depend on the student’s prior experience, effort, and networking, so outcomes can vary.
SEJAL JAIN 22 July,2025
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