IGNOU Online MBA In Banking & Finance

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About 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.

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).

Course Fee

62,000 Full Fee


2 - 4 Years


Bachelor’s Degree in any stream with at least 50% marks

Specialization Benefits

  • A degree of Master of Business Administration (Banking & Finance) (MBF) earned from IGNOU through open and distance learning mode has the same value as a regular degree.
  • IGNOU offers flexible learning to the students and offers them leverage to get access to the study material as per their requirements at any time.
  • Candidates have to pass the CAIIB exam from the Indian Institute of Banking & Finance, Mumbai with the required score in order to fall under the eligibility criteria of the program.
  • The curriculum of the study material offered by the university is revised and updated according to the latest education policy and is modified according to global trends.
  • Master of Business Administration (Banking & Finance) (MBF) Distance Education at IGNOU is AICTE-approved and offered in selected countries and across PAN India.
  • The fee for the entire course for 2 years is Rs 62,000 and Rs. 15,500 per semester which is affordable for students and working professionals.
  • There are a plethora of job opportunities for students after MBF distance education such as financial consulting, bank advisor, risk manager, accounting & taxation, and so on.

IGNOU Approved By

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Who Can Apply?

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.

Specialization Wise Updated Fees 2023

Financial Management62,000 (Full Fee)
Banking & Finance62,000 (Full Fee)
Marketing Management14,000/Semester
Operations Management15,500/Semester
HR Management62,000 (Full Fee)
Marketing Management15,500/Semester

Sample Certificate from IGNOU

Acquire a globally recognized online Degree/Diploma/Certificate from:

  • Most trusted platform for online education
  • UGC-entitled government-approved university
  • An award-winning university by the Commonwealth of Learning (COL), Canada


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.

IGNOU Admission Process

The process for IGNOU online course admission can be completed via the official website’s admission portal. The steps involved in the admission process are listed below.

Step 1: Visit the official website of the university & click on the “Apply Now” tab.

Step 2: Fill out the student registration form & register yourself with the university.

Step 3: After registration, re-login to the admission portal & fill out the admission application form.

Step 4: Upload the scanned copies of mandatory documents & submit the application form.

Step 5: Make the fee payment using payment methods as mentioned on the website.

UGC updated the list of approved ODL & Online programs for the academic batch of 2023-24, Click here to get the list!

Registrations are open for IGNOU’s Skill-based Bachelor Degree for Agniveers. Click Here to Know More.

IGNOU July 2023 session admissions have been started.

The Apply Before it's too late!! Click Here to Enroll at IGNOU Before 20th October.

Precautions to be taken by the students before enrolling for programs offered under ODL & Online Learning Mode, Click here to know!

A degree obtained through ODL mode is equivalent to a traditional degree, Click here to know!

UGC declares a 100% Fee Refund policy for students within a specified period by universities.Click hereto read the full notice.

IGNOU Online MBA In Banking & Finance Syllabus

Semester l

Semester ll

  • Marketing Management
  • Accounting for Managers
  • Human Resource Management
  • Management Functions and Organisational Processes
  • Quantitative Analysis for Managerial Applications
  • Business Communication
  • Business Environment
  • Financial Management
  • Strategic Management
  • Managerial Economics
  • Information Systems for Managers
  • Management of Machines and Materials
  • Social Processes and Behavioural Issues
  • Business Laws

Semester lll

Semester lV

  • International Business Management
  • Research Methodology for Management Decisions
  • Project Course (Equivalent to 2 Courses)
  • Entrepreneurship
  • Total Quality Management
  • Advanced Strategic Management
  • Business Ethics and CSR

IGNOU Examination Pattern

The examination pattern followed at IGNOU online for different types of courses are 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.

Job Roles after MBA in Banking & Finance

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:

Job Profile 

Average salary package (in INR)

Investment Banker

4.5 LPA

Finance Manager

5.3 LPA

Financial Analyst

4-10 LPA

Content Manager

6-7 LPA

Relationship Manager

6.3 LPA

IGNOU Placement Partners

Students of IGNOU Online are working at

  • Top MNCs all over the world
  • Have high employability percentage over others
  • Are recognized by industries in the international market

Our students work at

  • 50%

    Average Salary Hike

  • 300+

    Hiring Partners

  • 3X

    Increase in Interview Opportunities

    Frequently Asked Questions?

    Master of Business Administration (Banking & Finance) (MBF) is a 2-year postgraduate program offered at IGNOU through open and distance learning mode.

    Yes, IGNOU is recognized by UGC-DEB and all the courses offered at the university are AICTE-approved.

    The eligibility criteria for Master of Business Administration (Banking & Finance) (MBF)at IGNOU require a bachelor's degree of a minimum of 3 years, work experience in the finance sector for at least 2 years, and qualification in the CAIIB examination.

    Yes, Master of Business Administration (Banking & Finance) offered at IGNOU is globally competent and approved and recognized by UGC-DEB, and AICTE. Candidates can also apply for government jobs with degrees earned through open and distance learning modes from IGNOU.

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    Reviewed in India on November 22, 2023

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    Reviewed in India on June 29, 2023

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