IGNOU launches MBA in banking and finance approved by AICTE


Indira Gandhi National Open University (IGNOU) has launched a Master of Business Administration (MBA) program in Banking and Finance. The IGNOU MBA program is approved by the All India Council for Technical Education (AICTE). Interested and eligible candidates can apply online for the July MBA session at www.ignou.ac.in. Applicants should note that no entrance exam will be organized for course registration by the university.

“The Master of Business Administration (Banking and Finance) (MBF) program was launched following a memorandum of understanding between IGNOU and IIBF to provide a postgraduate university qualification path to This program was deemed necessary to improve the managerial skills, capacities and orientation of in-service banking staff through the award of this postgraduate degree, ”the prospectus read.

Eligibility criteria

  1. Candidates must have successfully completed a baccalaureate with a minimum duration of 3 years with at least 50% of marks (45% in the case of candidates belonging to the reserved category).
  2. Applicants must have passed the CAIIB exams of the Indian Institute of Banking & Finance, Mumbai, and have obtained the qualification / diplomas required by the Institute;
  3. They must have worked with the banking or financial services industry for a period of at least two years.

Duration of the course

The minimum duration of the program is two years and the maximum duration is four years. Students will be allowed to enroll / re-enroll seven courses in one semester to enable them to enroll / re-enroll all 28 courses required for earning an MBA in four semesters (i.e. two years ). The student must register for the program in the first semester and then re-register for all other semesters.

Program Fee

The total cost of the program is 58,000 rupees / -. The student must pay Rs. 14,000 / – in semesters I, II and IV and Rs. 16,000 / – in the III Semester.

Exit certificate

Applicants who complete all 28 specified courses may earn their MBA (Banking and Finance) degree. However, if a student wishes to exit the program after completing the specified courses of the 1st and 2nd semesters (56 credits), an exit option is provided at their specific request only, resulting in the award of the Graduate Diploma in Management. (PGDIM).


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