This thesis is focused on a detailed study on functioning of online education. The last two decades have seen a tremendous increase in students enrolling for online education and it have become a big hit among all the students. With the continuous and nonstop growth and innovation and extension in multimedia and IT sector, online education is growing at a very fast rate. Students are finding it a flexible, easily accessible and credited option to gain education. These online degrees have started being recognized all over and is helping in increasing the educational level and getting higher paid jobs. Over the past few year world is witnessing a great rise in the educational level because of growth in online education. This thesis will help all those students who lack the confidence and knowledge about online education and are still hesitant to take it. This thesis will try to break that ice and will not only give more light into the working of the online education but also brief about advantage and disadvantage of it. In other word this thesis will cover: (1) Efforts made by the online education institutes to add more value to it and make it famous worldwide, and (2) Demonstration of a working model of Web based application developed in JAVA that helps the online education to interact with the corporates which helps them to expand their business.