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IGNOU is India’s one of the popular distance universities which were established in the year 1985 under the Indira Gandhi National Open University Act. The university is run and controlled by the Central Government and approved by the University Grants Commission (UGC).
IGNOU closed its registration window for the Jan 2024 admission on 31st March 2024. IGNOU will soon re-open the registration window for the July 2024 session however, there are some alternatives of IGNOU you can look at. For more details click here.
Important Details About IGNOU MBA Financial Management
| Name of the Course | Master’s in Business Administration |
| Specialization | Financial Management |
| Course Level | Postgraduate |
| Minimum Duration | 2 years |
| Maximum Duration | 5 years |
| Examination Type | Semester |
| Eligibility | Graduation in any discipline from a recognized university |
| Selection Criteria | Based on the score of OPENMAT entrance exam |
| Course Fees | Rs. 10,800 |
| Average Starting Salary | INR 5 Lakh to 10 Lakh per annum |
| Top Recruiting Companies | Deloitte, KPMG, PWC, EY, etc. |
The university offers more than 227 courses in the distance mode to both Indians and foreigners who are residing in India. IGNOU offers UG, PG, Diploma/Certificate, and PG Diploma courses and has 21 schools with 67 regional centers. The university was India’s second university to offer distance learning courses after Dr. B.R. Ambedkar University. IGNOU was established with the aim to provide education to every stratum of society with the help of open and distance learning.
What are the Benefits of doing an MBA in Financial Management from IGNOU in the Distance Mode?
Indira Gandhi National Open University is famous for having plenty of options in distance learning courses and students can pursue MBA distance in different domains like Financial Management, Human Resource Management, Operations Management, and more.
However, MBA in Financial Management is one of the famous courses of IGNOU and students will get the following benefits:-
- Students get the printed study material at their doorstep
- Online study material is available on the IGNOU mobile application
- Counseling sessions are available on weekends in face-to-face mode
- Affordable Management courses including MBA Financial Management
- Foreigners are also allowed to study if they are residing in India and have a valid student visa for the minimum duration of the program.
What is the Eligibility for IGNOU Distance MBA Financial Management Course?
The university has its own criteria to provide admission to students in any course. Students are required to check all the eligibility criteria from the prospectus before applying to any course. Here are the eligibility criteria for MBA Financial Management of IGNOU:-
- Graduation degree(Including Chartered Accountancy/Company Secretaryship/Cost Accountancy) with at least 50% marks and 45% marks for the reserved category.
- Students are required to clear the OPENMAT exam to take admission in any management program.
- There is no age limit.
Read: Executive MBA In Online!
How to Apply for Distance MBA Financial Management in IGNOU? – Admission Procedure 2024
The admission of an MBA in Financial Management is based on the score of the OPENMAT exam. OPENMAT is a national-level exam to provide admissions to students in the management programs of IGNOU. Students are required to fill the form for the OPENMAT entrance exam online by following these steps:
- Visit the official site of IGNOU which is www.ignou.ac.in.
- Click on the option of register online and then choose the entrance exam.
- Then you will be directed to the link of OPENMAT exam
- Fill in all the details in the form along with registration fees.
- You can take all the details about entrance dates from the IGNOU website only
- Also, download the admit card from the website
- In the end, you have to clear the OPENMAT exam to apply further for the program
- Admission is based on the cut-off of OPENMAT and the result of whether the student has cleared the exam or not is based on the cut-off decided by the university.
Note: In case you are taking admission in any PG Diploma program or PGDM then OPENMAT is not required, you can directly apply for the admission.
IGNOU Distance MBA Financial Management Fees Structure 2024
The total fee for an MBA in Financial Management is Rs. 10,800 which you can either pay via Demand Draft or online (Credit/Debit cards, Net Banking, and any other digital payment method).
Demand Draft needs to be issued in the name of IGNOU and should be submitted along with the application form at the regional centre of IGNOU. Students can scratch the information related to the fee structure of any program from the official website of IGNOU. Read: Online MBA Return on Your Investment!
IGNOU Distance MBA Prospectus 2024
The university has posted its updated prospectus on its official website. Students will find two prospectuses of 2024 one of which is the common prospectus of 2023 and the other one is the management prospectus. Students can get all the nitty-gritty about the course MBA Financial Management in the management prospectus 2024.
Students can find all relevant information about the university and the course, including the accomplishments and notable features of the university, basic information about the university’s programs like eligibility requirements, and IGNOU’s online lectures, application procedure, fee structure, and more. Read: Salary MBA In India!
IGNOU Distance MBA/PGDM Financial Management Syllabus
There are a total of 21 subjects amongst those 11 subjects are general, 6 subjects are of the specialization Financial Management, 2 compulsory subjects, 1 elective, and 1 project.
| General Subjects | Compulsory Subjects | ||
| Subject codes | Subject Names | Subject Code | Subject Name |
| MS-1 | Management Functions and Behaviour | MS-91 | Advanced Strategic Management |
| MS-2 | Management of Human Resources | MS-95 | Research Methodology for Management Decisions |
| MS-3 | Economic and Social Environment | MS-100 | Project (Equivalent to two Subjects) |
| MS-4 | Accounting and Finance for Managers |
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| MS-5 | Management of Machines and Materials |
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| MS-6 | Marketing for Managers |
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| MS-7 | Information Systems for Managers |
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| MS-8 | Quantitative Analysis for Managerial Applications |
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| MS-9 | Managerial Economics |
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| MS-10 | Organizational Design, Development, and Change |
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| MS-11 | Strategic Management |
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| Elective Subjects (Choose any one subject | Specialization Subjects (Choose 5 subjects from 6 non-compulsory subjects) | ||
| Subject Code | Name of Subject | Financial Management |
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| MS-92 | Management of Public Enterprises |
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| MS-93 | Management of New and Small Enterprises |
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| MS-94 | Technology Management |
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| MS-96 | Total Quality Management |
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| MS-97 | International Business |
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IGNOU Distance MBA Financial Management Study Material
IGNOU gives the option of both printed and online study material to students. Students can either apply for the printed study material at the time of admission or can access study material at the website of IGNOU which is the IGNOU e-content app.
The IGNOU e-content app allows students to access the curriculum of any program. Also, students have the option of eGyanKosh which is a web portal that offers study materials for over 2500 courses as well as video programs for the same. Read: Best Career After MBA!
IGNOU students have the advantage of being able to browse research materials for various subjects in one place. Indira Gandhi National Open University established its Campus Placement Cell in the year 2005 to provide assistance to students in terms of employment.
The cell is responsible for all placement-related activities and assists students in obtaining effective employment opportunities. The cell was established to provide on-campus placements and to address placement-related issues for all students in all courses. It even organizes placement drives or job fairs at the regional centers of IGNOU.
