E-Learning arises as one of the alternate modes of instruction delivery. Therefore, connecting e-learning with traditional modes of learning become a priority for higher educational institutions. Hence, it is of prior importance for researchers to determine the student's perception of e-Learning in order to assess the effectiveness of such a new education model. This study aims at investigating the effectiveness of adopting e-learning as a model of education in higher education by evaluating the readiness, advantages, and disadvantages from student's perception. Reviews of research efforts in the field of e-learning within the context of its effectiveness are given. Next, the methodology to be used is proposed. This is followed by a summary of the data analysis and finally the conclusions. The study was conducted in the college of business at Umm Al-Qura University, Saudi Arabia. The study adopted a descriptive methodological approach to aim its methodology. Research findings revealed that students' skills in dealing with MS office application are the most important parameter that measuresstudent's readiness to accept the e-learning model of education. Also, students find that natural interaction with professors is the most significant advantage. Finally, respondents agreed that the worst disadvantage of e-learning was the unfair opportunity to those students who are good in presenting themselves orally but lack the ability to express their opinions in writing.