ICFAI Distance MBA: Fees, Eligibility, Admission Review 2022
ICFAI University Online & Distance MBA

ICFAI Distance MBA: Fees, Eligibility, Admission Review 2022

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The ICFAI’s Centre for Distance and Online Education (CDOE) offers the Distance MBA program with various specialisations to choose from. The MBA program offered is in the Online and Distance Learning (ODL) format. The duration of the program is 2 years but the students get the opportunity to complete the program in a maximum of 4 years. Given in this blog are all the other details of ICFAI Distance MBA like Fee, Eligibility, Admission Procedure, Placement, Syllabus, Curriculum, and so much more. 

ICFAI Distance MBA Overview 

The ICFAI Foundation for Higher Education (IFHE) is a Deemed to be University. The university has received the Grade A+ NAAC Accreditation with an amazing score of 3.43 out of 4. The distance programs of the IFHE are administered by the Centre for Distance and Online Education (CDOE).   

Given below are all the other Key Highlights of the Distance MBA program at ICFAI Foundation for Higher Education

ICFAI Distance MBA Key Highlights 
Institution Name ICFAI Foundation for Higher Education (IFHE) Centre for Distance and Online Education (CDOE) 
Course Name MBA 
Learning Mode Online and Distance Learning (ODL)
Recognitions & Accreditations 
Total Fee One-Time Fee Payment- INR 75,000/-

Year-wise Fee Payment- INR 80,000/- 

Sem-wise Fee Payment- INR 82,000/- 

Minimum Eligibility Criteria A bachelor’s degree in any discipline from a recognised higher education institution with English as the medium of instruction.
Pedagogy 
  • Self Learning Material (books)
  • Interactive Sessions with Faculty 
  • Counselling Sessions  
Specialisations 
  • Financial Management 
  • Global Finance Markets 
  • Strategic Finance and Corporate Restructuring 
  • Services Marketing 
  • Strategic Marketing Management 
  • Sales and Distribution Management 
  • Recruitment, Training, and Development 
  • Performance Management and Reward Systems 
  • SMACS Technologies for Business 
  • Services Operations 
  • Financial Services 
  • International Finance 
  • International Marketing 
  • Integrated Marketing Communications 
  • Retail Management 
  • Strategic HR Management 
  • Organisational Development 
  • HR Planning and Audit 
  • Big Data and Analytics 
  • Supply Chain Management 

ICFAI Distance MBA Fee Structure 

ICFAI Foundation for Higher Education (IFHE) offers the students to pay the academic fee in the following three ways:

  1. Entire fee payment at once (1 instalment) 
  2. Year-wise fee payment (2 instalments)
  3. Semester-wise fee payment (4 instalments)

ICFAI Distance MBA Fee Structure 

The benefit is that the student gets a discount if they pay the fee in less instalments. This means that the academic fee is less for year-wise payment than it is for the semester-wise payment, while the fee is the least for the one-time payment option. 

Given below is the detailed fee structure for ICFA Distance MBA

Category Total Fee (in INR) 
One Time Payment 
Admission Fee 10,000
Program Fee 65,000
Total 75,000
Year-wise Payment 
Admission Fee 10,000
Program Fee – 1st year 35,000
Program Fee – 2nd year 35,000
Total 80,000
Semester-wise Payment 
Admission fee 10,000
Program Fee – 1st semester 18,000
Program Fee – 2nd semester18,000
Program Fee – 3rd semester18,000
Program Fee – 4th semester18,000
Total 82,000
Exam Fee 500 per subject 
Project Work Evaluation Fee 1,000

*Note- The Admission Fee is not refundable. 

Mode of Payment 

There are two ways in which the students can pay the academic fee at IFHE for the distance MBA program. Given below are the details of fee payments through both these modes. 

  • Online Mode 

You can make the entire fee payment in the online mode very easily from your home. You have the following 3 online payment options. 

  • Debit Card (MasterCard/Visa)
  • Credit Card (MasterCard/Visa)
  • Internet Banking 
  • Bank Demand Draft 

For those who find difficulty in paying the fee online, there is the option of paying the fee through a Demand Draft. Given below are the details of paying through a Demand Draft (DD).

  • The Bank Demand Draft can be drawn on any scheduled commercial bank. It should be payable at Hyderabad in favour of “IFHE Fee Collection A/c”. 
  • The back of the Demand Draft should have the following details written- name of the applicant, Application/Enrol No, Mobile Number and the semester. 
  • The DD has to be sent along with the completed Application Form to the following address- CDOE, #52, Nagarjuna Hills, Punjagutta, Hyderabad 500 082, Telangana.  

In case a student withdraws from the program, then only the program fee (not the admission fee) will be refunded according to the UGC guidelines that are issued from time to time.  

ICFAI Distance MBA Eligibility & Duration  

The students are eligible to apply for the distance MBA course at IFHE if they have a bachelor’s degree in any discipline from a government-recognised university. The medium of instruction in graduation must be English. 

The duration of the Distance MBA program at IFHE is 2 years. There are a total of 4 semesters of six months each. This is the standard duration. However, it is a distance program which makes it flexible. This means that the students will get the opportunity to complete the program in a maximum of 4 years. This helps them to proceed with their course at their own pace.  

ICFAI Distance MBA Admission Procedure

The admission procedure for the distance MBA program at IFHE CDOE is a really simple process and is completed in two parts- Application Submission followed by Fee Payment. Given below is the step-wise admission procedure for the MBA in Distance Education

ICFAI Distance MBA Admission Procedure

Step 1- Go to the official website of ICFAI Foundation for Higher Education (IFHE) and download the Program Prospectus of the Distance MBA. 

Step 2- The program prospectus consists of an application form and a fee remittance form. Fill the application form. 

Step 3- Attach the self-attested (in blue ink and with date) copies of the following documents with the application form: 

  1. Latest colored passport size photograph (to be pasted on the application form in the provided space)
  2. Latest colored passport size photograph with signature across the photo 
  3. Aadhar Card 
  4. 10th Class Certificate
  5. 12th Class Certificate 
  6. Bachelor’s Degree Certificate 

Step 4- After the application form, now carefully fill the payment details in the fee remittance form. You must select and fill the fee payment option in this form (one-time payment/ year-wise payment/ semester-wise payment). Apart from this, you have to attach the supporting payment details as well.  

Step 5- Finally, the completed application has to be submitted to the Admission Office to complete the enrolment process. 

ICFAI Distance MBA Curriculum & Program Structure  

The program structure for the Distance MBA course at IFHE requires the students to successfully complete 21 subjects + 1 project work which makes a total of 98 credit points which are spread across the 4 semesters. All of this needs to be successfully completed within a maximum of 4 years to qualify for the degree. 

Given below is the detailed curriculum of all the 4 semesters of the Distance MBA program offered by ICFAI Foundation for Higher Education

ICFA MBA Distance Program Structure

Semester 1Semester 2 
Management and Organisation Behaviour Economics for Business 
Quantitative Methods Operations Management 
Foundations of Accounting and Finance Human Resource Management 
Business Environment Marketing Management 
IT for Managers Business Communication 
Semester 3Semester 4
Business Policy and Strategy Management Control Systems 
International Business Business Ethics & Corporate Governance 
Leadership and Change Management Elective 4 
Elective 1Elective 5 
Elective 2Elective 6 
Elective 3Project Work 
Electives 
Semester 3 Electives 

(Can choose any 3 out of following 10)

Semester 4 Electives 

(Can choose any 3 out of following 10)

Financial Management Financial Services 
Global Financial Markets International Finance 
Strategic Finance & Corporate Restructuring International Marketing 
Services Marketing Integrated Marketing Communications 
Strategic Marketing Management Retail Management 
Sales and Distribution Management Strategic Human Resource Management 
Recruitment, Training & Development Organisation Development 
Performance Management & Reward Systems Human Resource Planning and Audit 
SMACS Technologies for Business Big Data Analytics 
Services Operations Management Supply Chain Management 

Project Work About ICFAI MBA Distance Programs

The project work is an integral and the most important part of any MBA distance education course. Project Work serves as the best tool for an immersive learning experience as the students get the chance to put their knowledge into practice and get hands-on experience of real-world problems. Following are the benefits you will get with the Semester 4 project work at IFHE. 

  • Time Management 
  • Ability to handle and work with large datasets for expert data analysis (to enhance the research and analytical skills of the students) 
  • Learning multi-disciplinary concepts as well as the tools and techniques used to solve business problems. You also learn to deal with situational analysis of internal as well as external environments. 
  • Interpersonal communication skills enhancement.
  • Ability to work independently as well as in a team. 
  • The area of the project work will probably be from one of the electives chosen by the students. 

ICFAI Distance MBA Learning Mode & Examination 

The MBA program that ICFAI Foundation for Higher Education offers is offered in the Distance mode. In the distance mode of education, the university sends the learning material to the address of the students. There are no classes. The students have to study by themselves and then just come to the college to give the exam every semester.

However, IFHE goes one step forward as it offers regular academic support with the help of interactive sessions taking place between faculty and the students. These counselling sessions are scheduled a lot earlier and hence are mandatory to attend. 

Distance learning programs are primarily based on self-study, hence the self-study material becomes very crucial. The Self Learning Material (SLM) sent by IFHE is in the form of books. 

Following are the features of the IFHE Distance MBA SLM 

  • Self Explanatory

The content is highly detailed and it goes from the basics (known) to advanced (unknown). The content is structured in a way that it goes from simple to interlinked and complex topics which are aided by examples, illustrations, and scenarios.   

  • Self Directed 

Every topic and unit has a list of additional readings and references so that the students can gain extra knowledge of the topic and can direct the course of their study accordingly. 

  • Self Motivating 

All the topics have links to real-time situations which arouse curiosity and enhance solution-oriented learning. 

  • Self Learning 

Ordered and well structured curriculum with crystal clear concepts are an amazing aid to self-learning. 

  • Self Paced 

Since the SLM is in the form of physical books, you always have access to them at any time so that you can study according to your own schedule.

  • Self Evaluating  

There are objective as well as subjective questions with answers after every unit for self-assessment 

Examination

  • There will be continuous and term-end examinations and the evaluation will be based on 30:70 weightage respectively. 
  • The examination evaluation will be in the form of grades. 
  • The semester examinations are conducted at the test centres designated by the university at their Head Quarters in Hyderabad only.  

Also Read | Master of Business Administration Online

Why Choose Distance MBA from ICFAI?

When you select any university, the first thing to consider is that it must have all the right approvals from the government and accreditations from the concerned statutory bodies. It is great if the university you select also has national rankings which tells the position of it amongst other universities. 

Given below are all the accreditations, rankings, and recognitions of the IFHE for your reference

  • ICFAI Foundation for Higher Education is a Deemed to be University that has received the NAAC ‘A+’ Grade accreditation with a score of 3.43 out of 4. 
  • The university has received  27 NIRF overall ranking.
  • The university has received AACSB International Accreditation for its MBA Program and an NIRF Ranking (2020) of 25 in the Management Category. 
  • The university is accredited by South Asian Quality Standards (SAQA) and AMDISA
  • The university is a member of the AIU (Association of Indian Universities) and also of the Association of Commonwealth Universities (ACU).    

Now, when it comes to the Distance MBA program, the following are some of the features that ICFAI Foundation for Higher Education offers

  • The curriculum has been designed with an aim to equip the students with skills required for the modern workplace environment. 
  • The syllabus has been crafted exclusively by experts in the field and experienced faculty keeping in mind the Self Learning aspect of the course. 
  • The program is designed in a way that helps students develop cognitive as well as analytical skills needed in the Management and Business Administration environment. 
  • The course teaches the students the ability to both- work independently as well as in a team. 
  • The course essentially teaches the students about the understanding of the business environment to provide business excellence as well as personal accomplishment.    

Career Scope After ICFAI Distance MBA  

MBA is surely a lucrative career option because of the dynamic fields and career opportunities it offers. The distance MBA at IFHE has the same goal as to provide its students with the required skills and abilities needed for a bright future career in the Management domain. 

Career Scope After ICFAI Distance MBA 

Given in the table below are some of the popular job roles after Distance MBA along with their average annual salaries. Also Read | MBA Salary In India

Job Roles Average Annual Base Salary (in INR) 
Human Resource Manager 6,94,411/-
Marketing Manager 6,79,090/- 
Operations Manager 7,72,657/- 
Finance Manager 10,10,603/-
Business Analyst 5,77,768/- 

FAQs About ICFAI Distance MBA  

⭐Does ICFAI offer an online MBA?

ICFAI offers the MBA program in Distance mode and not in online mode. The ICFAI Foundation for Higher Education (IFHE) offers the Distance MBA program under the administration of the Centre for Distance and Online Education (CDOE). 

⭐How is ICFAI Distance MBA?

ICFAI is a good brand in the Management industry with an overall NIRF Ranking of 27. The distance MBA program offered by ICFAI Foundation for Higher Education (CDOE) is a good choice for those who have decided to pursue the MBA program in the distance mode. The fee is a little on the higher side, however, the services offered are good as there are regular interactive sessions between the faculty and students. If you are looking for an affordable and good distance MBA college, then you can visit College Vidya and easily find the college based on your needs in just 2 minutes. 

⭐What is the fee of the ICFAI Distance MBA program? 

The total fee (excluding exam fee) for the distance MBA at ICFAI is INR 82,000/- if paid semester-wise. The fee is INR 80,000/- if paid year-wise and the fee is INR 75,000/- if paid in one-time. 

⭐What are the career options after a Distance MBA from ICFAI?

The career options after the distance MBA from ICFAI depends on the Electives chosen by you in the second year. Some of the popular job roles are HR Manager, Finance Manager, Business Analyst, Operations Manager, Marketing Head, etc. 

⭐What specialisations are offered by ICFAI for the Distance MBA? 

ICFAI offers only the General MBA in the Distance mode. The students have to study the same subjects in the first while they can choose separate electives in the second year. The students have to choose a total of 6 electives out of the 20 options offered. 

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