<p>Managing study hours effectively in the context of online and offline education is crucial for academic success and maintaining a healthy work-life-study balance. Student success majorly depends on factors like setting up clear goals, time management, effective study hours and engagement in different study related activities. In this study, a study hour optimization model is developed to allocate student’s limited resources like time and effort in an optimal manner for achieving academic success in an online learning environment. The objective of the model is to find optimal allocation of study hours that minimizes underachievement of grade, maintains a balanced study load, and manages social engagement time. The result of this study shows that spending almost equal time on all study-related activities and approximately 60% of the study time on social engagements will manage the student’s work-life balance and will help in achieving academic success. </p>