Money

The real cost of an online MBA is not the fee

Two years of evenings is the same for everyone, whatever they paid. That is what makes the cheap programme such good value and the abandoned one so expensive.

Six to ten hours a week for two years is roughly seven hundred hours. That cost is identical whether you paid ₹38,000 or ₹2,00,000, and it is far larger than the fee for most people.

It is also the cost nobody budgets for, which is why completion rates in distance education are what they are.

The most expensive online MBA is the one you do not finish.

The arithmetic worth doing before you enrol

  • Do you have six to ten hours a week, reliably, for two years?
  • Do live sessions clash with anything you cannot move?
  • What is the maximum permitted period if life interrupts?
  • What is the total fee — including examination, re-registration and certificate charges?

Why this argues for the cheaper programme, usually

If the time cost is fixed and the recognition is identical, the fee is buying teaching and cohort. Those are worth money only if you will consume them. Most people paying a premium for live sessions do not attend the live sessions.

More in Money

Ask a question