Of the 1.26 billion people India is home to, over 800 million are under the age of 40. The country is expected to become one of the largest job markets in the world, putting it ahead of even China, which has a much larger population in comparison.
This signals an exponential rise in the number of job aspirants over the next 20 years. However, the country is ill-equipped to effectively hire these people for various professions. What this means is that India, as a country, is facing a shortage of efficient HR professionals.
What The Future Holds
India, as a country, is ready for a major overhaul in the way hiring is undertaken, and the various business practices involved will need to evolve to meet the growing demands of the years to come.
This is where an online MBA in HR, with its multitude of benefits, comes into play. Here are a few benefits of choosing a distance course over conventional degrees.
High Return On Investment
Imagine doing a conventional MBA—chances are, you will need to pay a minimum of INR 3 to 4 lakhs, depending on the type of college. And unless you have a degree from the IIMs or one of the many top colleges, the highest starting package you would get is around INR 15 lakh. You would have already spent over INR 8-10 lakhs to get the degree, which means it would probably take you around 3-4 years to repay the loan.
On the other hand, if you obtain an MBA through online education, you will save a significant amount of money, making your ROI that much higher.
The Most Current Curriculum
With a traditional degree, you will need to study the same generic subjects over the first two semesters, most of which will not even have a bearing on the professional field you move into. However, when you choose a distance course, you will jump into the most relevant parts of the curriculum at the start of the course.
Also, the syllabus you will study is usually prepared by faculty members that bring with them decades of experience.. This equips you with the most effective skills, enabling you to tackle real-world situations.