IGNOU Online MBA In Banking & Finance

Master of Business Administration (Banking & Finance) (MBF) is offered at IGNOU (Indira Gandhi National Open University) through open and distance learning mode that is effective and flexible as per the student requirements. The duration of the course is 2 years but it varies up to 4 years in some cases.

What’s new at IGNOU (Indira Gandhi National Open University)?

The fee structure of the program is designed in such a way that it is affordable and pocket-friendly for students and working professionals, the course fee is Rs 62,000 (Rs. 15,500 per semester). The curriculum of the program is revised and updated according to the latest education policy and it includes International Business Management,  Advanced Strategic Management, Entrepreneurship, Business Law, and so on. 

Banking and finance are the most essential essences of a business organization and every business entity needs this crucial department to monitor the profitability and growth of the company. The MBA in Banking and Finance will enhance the skills of finance and business in an individual for better future aspects and growth in their professional life. The Banking and Finance industry remains at the top and it is an ideal choice for every individual, as it is termed to be one of the best career options. Globally recognized companies look for expertise in this sector and offer lucrative packages to deserving candidates.

IGNOU offers highly accessible study material that students can access 24*7 as per their comfort and this eases the learning pattern of the student and offers flexibility to the student. IGNOU was established by an Act of Parliament in 1985 (Act No. 50 of
1985) and it is the first open university in India that has been accredited “A++” Grade by NAAC (National Assessment and Accreditation Council). Simultaneously, the Master of Business Administration (Banking & Finance) (MBF) is offered across PAN India and in a few countries too, and the program is also approved by AICTE (All India Council for Technical Education).

The eligibility criteria for admission to the distance education program of Master of Business Administration (Banking & Finance) (MBF) at IGNOU are mentioned below:

• The interested candidate must have completed a bachelor’s degree of a minimum of 3 years of duration with at least 50% of marks (45% for students from reserved category).
• Candidate must have cleared the CAIIB exam of the Indian Institute of Banking & Finance, Mumbai with the required score and credentials.
• Candidate has to be working for at least 2 years in the banking or financial services sector.

IGNOU Online offers the option of Credit Card/Debit card/Net Banking in its fee payment options but does not provide you a “No Cost EMI” option as of now for any of the online courses.

The examination pattern followed at IGNOU online for different types of courses is semester mode, i.e., exams are conducted by the university at an interval of 6 months. For online courses, exams are conducted through an AI-proctored tool for an unbiased performance evaluation of students.

There are plenty of job opportunities for candidates in Master of Business Administration (Banking & Finance) (MBF) even in distance education programs. Banking and Finance are among the best career options as they offer better future aspects with decent earnings. This sector is growing rapidly and needs skilled and competent candidates for balanced growth. Every business entity needs a skilled workforce in their financial teams and banking & finance assist a business organization to evaluate their profitability. A few career opportunities after Master of Business Administration (Banking & Finance) (MBF) are:

• Financial Analyst
• Chief Financial Officer (CFO)
• Stock Portfolio Management
• Accounting & Taxation
• Risk manager
• Investment banker

The average salary received by an individual after completion of their Master of Business Administration (Banking & Finance) (MBF) distance education program is mentioned below, which may slightly vary due to multiple variables affecting: