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IGNOU MBA Banking & Finance Admission 2024 (July): Application Form, Fees, Dates, Eligibility, Assignment

New Delhi, Delhi NCR
Open University

Master of Business Administration [MBA] (Banking and Finance)


Course Fees

Course Duration

2 Years

Tuition Fees

15.5 K

1 Year Fees

31 K

Total Fees

64 K

Detailed Fees

general
semesterTuition FeesTotal Fees
semester 1₹ 15500₹ 15.5 K
semester 2₹ 15500₹ 15.5 K
semester 3₹ 17500₹ 17.5 K
semester 4₹ 15500₹ 15.5 K

Previous Year Fees

2021
general
semesterTuition FeesRegistration FeesOther FeesTotal Fees
semester 1₹ 15500₹ 300₹ 200₹ 16 K
semester 2₹ 15500--₹ 15.5 K
semester 3₹ 17500--₹ 17.5 K
semester 4₹ 15500--₹ 15.5 K

Course Information

Eligibility Criteria

The candidate should have passed Graduation in relevant stream from a recognized University

Course Details

IGNOU MBA Banking & Finance admission 2024 for the July session has been started. The last date to apply is July 31, 2024. Interested candidates can apply online on the official website of IGNOU @ignou.ac.in. Admissions will be granted based on marks secured in the qualifying examination.

IGNOU MBA Banking & Finance Important Dates

Event Dates
Last date to submit the application for July session  July 31, 2024

IGNOU MBA Banking & Finance Eligibility Criteria

  • The candidate should have secured the minimum qualification required in CAIIB of the Indian Institute of Banking and Finance (IIBF).
  • The candidate should be a graduate of a recognized University.
  • The candidate should have worked in the banking or financial sector services for at least 2 years.
  • The maximum duration to complete the course is 8 years.

Check More: IGNOU Admission

IGNOU MBA Banking & Finance Study Materials

IGNOU provides study material to students free of cost. Here are the links for MBA (Banking & Finance) study materials that are tabulated below. Students can easily download or view the study material from here without any registration. It will help students to understand & get a clear idea about the course curriculum.

Course Name Click to Download
MBA (Banking & Finance) Download

IGNOU MBA Banking & Finance Assignments 2024

Assignments constitute continuous evaluation. The marks that you secure in the assignments will be counted in your final result. As mentioned earlier, an assignment of a course carries 30% weightage. You are therefore advised to take your assignment seriously. 

Non Submission of Assignment

The TMA for each semester can be downloaded from the Student Zone of the University website. You have to complete the assignment within the due dates specified in the assignment booklet. You will not be allowed to appear for the term-end examination for any course if you do not submit the assignment in time for that course. If you appear in the term-end examination, without submitting the assignments, the result of the term-end examination is liable to be canceled.

Read More: IGNOU Assignment

IGNOU MBA Banking & Finance Admission Criteria

Admission to the MBA program is done through online procedure and a link for the same is made available at the official website of IGNOU (www. ignou.ac.in). There will be no entrance exam for MBA and students will be selected on the basis of merit. If one fulfills the above-mentioned eligibility criteria and willing to pursue MBA at IGNOU can register for the program. Students have to register for the first semester and re-register for all the upcoming semesters. 

How to apply?

  • Visit the official website 
  • Click on registration and then fresh registration
  • Fill up the form with all relevant information
  • Submit a scanned copy of necessary documents like photographs, age proof, educational qualifications, qualifying certificate of CAIBB, and so on.
  • Make the payment

Admission will be made to all the eligible candidates subject to the maximum number of student intake allowed by IGNOU and IIFB.

Read More:  IGNOU Study Centres

CAIIB Application fees

The candidate can attempt the exam more than once although the application fees will vary

No of Attempts Fees (INR)
1st attempt 3000
2nd attempt 1300
3rd attempt 1300
4th attempt 1300

Candidates can apply for the admit card from the official website. The total duration of the exam is 2 hours and consists of MCQ (Multi Choice Questions) 

  • CAIIB comprises of two compulsory papers Advanced Bank Management and Advanced Financial Management
  • Candidates can choose one elective paper from Corporate Banking, Rural Banking, International Banking, Retail Banking, Co-operative Banking, Financial Advising, Human Resources Management, Information Technology, Risk Management, Central Banking, and Treasury Management.
  • Candidates should score a minimum of 45 in each subject with a 50% aggregate

IGNOU MBA Banking & Finance Fee Structure

The fee structure for MBA courses is mentioned below:

Title Total Fees(INR) Minimum Duration(years) Maximum Duration(years)
MBA Banking and Finance 37,800 2.5 8

Read More:  IGNOU Course Fee

IGNOU MBA Banking & Finance Course Details

The evaluation is continuous in nature. Assignments carry 30% of weight age and the term end exam carries 70% weight age. The syllabus is as follows.

Subject Credits
Management Functions and Behaviour 2
Management of Human Resources 2
Economic and Social Environment 2
Accounting and Finance for Managers 2
Management of Machines and Materials 2
Marketing for Managers 2
Information System for Managers 2
Quantitative Analysis for Managerial Applications 2
Managerial Economics 2
Organizational Design Development and Change 2
Strategic Management 2
Security Analysis and Portfolio Management 2
International Financial Management 2
Management of Financial Services 2
Bank Financial Management 2
Marketing of Financial Services 2
International Banking Management 2
Electronic Banking and IT in Banks 2
Risk Management in Banks 2
Ethics and Corporate Governance in Banks 2
Research methodology for Management Decisions 2
Project(Equivalent to two courses) 4

IGNOU MBA Banking and Finance Completion of Course

To complete the course the student should complete all 11 basic courses, 5 elective courses and 5 Integrative courses

Basic course

Management Functions and Behaviour
Management of Human Resources
Economic and Social Environment
Accounting and Finance for Managers
Management of Machines and Materials
Marketing for Managers
Information System for Managers
Quantitative Analysis for Managerial Applications
Managerial Economics
Organizational Design Development and Change
Strategic Management
Security Analysis and Portfolio Management
International Financial Management
Management of Financial Services
Bank Financial Management

Specializations (any 5)

Marketing of Financial Services
International Banking Management
Electronic Banking and IT in Banks
Bank Financial Management
Security Analysis and Portfolio Management
Management of Financial Management
International Financial Management
  • Integrative Courses (compulsory)
Risk Management in Banks
Ethics and Corporate Governance in Banks
Research methodology for Management Decisions
Project(Equivalent to two courses)

IGNOU MBA Banking & Finance Placements

Established in 2005 at the headquarters of IGNOU, the main aim of the Campus Placement Drive is to provide employment opportunities to its students. The Campus Placement Drive conducts job fairs, placement drives, and recruitment drives on a regular basis.

Read More:  IGNOU Placements

IGNOU MBA Banking & Finance FAQs

Ques. Can people abroad pursue IGNOU MBA Banking and Finance?

Ans. The International Nodule was set up to cater to the needs of Overseas students and to foreigners in India. IGNOU courses are offered to people in Kuwait, U.A.E, Saudi Arabia, Bahrain, Oman, Sri Lanka, Nepal, Mauritius, Kenya.

Ques. Does IGNOU provide scholarships?

Ans. Yes, IGNOU offer the scholarships to students coming from financially weak backgrounds, or a student who is a single girl child of the family. IGNOU scholarship will be available for PG first year students in IGNOU. The students who have taken the regular full time admission in Master Degree course in IGNOU. The students who belong to PHD or SC or OC or ST category can be eligible to apply for IGNOU scholarship. 

  1. To apply for the IGNOU Scholarship Form, the candidates need to browse through the official website of the university, which is the: www.ignou.ac.in.
  2. Then the candidates to fill the application form and courier the form along with the relevant documents to the address

Ques. Can foreigners study with IGNOU?

Ans. With the help of The International Nodule foreigners residing in India can study selected courses.

Ques. How do students get their study material with IGNOU?

Ans. Students receive their study materials from their regional centres. To complete the course the student should complete all 11 basic courses, 5 elective courses and 5 Integrative courses

Ques. How do students get their results in IGNOU?

Ans. Students can get their results by visiting the official website www.ignou.ac.in click on results and enter your enrollment number.

NOTE:

  • Registration fee of Rs 300/- (Non-refundable) is to be paid at the time of admission in addition to the programme fee given in the following table. University Development fee of Rs 200/- is to be paid at the time of admission in addition to the programme fee
  • Registration fee of Rs 500/- (Non-refundable) is to be paid at the time of application in addition to the programme fee given in the following FLIP (Fixed Learning Intake Programme): PGDMCH, PGDGM, PGDHHM, PGDHIVM, DNA, PGCMDM
  • Registration fee of Rs 850/- (Non-refundable) is to be paid at the time of admission in addition to the programme fee

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Ranking of Indira Gandhi National Open University - [IGNOU]



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Answered Questions

Indira Gandhi National Open University - [IGNOU]: 254 answered questions

SS

Shikha Sehrawat

12 Oct 22

It is advised that you do not consider whether the IGNOU certificate is valuable in terms of getting a job. However, the acquired knowledge and skills will be precious to you. Time management, submitting assignments on time, and sitting for exams at the end are all essential requirements.

The institute's name serves only as an icebreaker at first; once hired, there is no turning back. Put that knowledge to use at work.

Most importantly, it is a GOVERNMENT OF INDIA recognized certificate that is accepted almost everywhere in the world.

So, if you want to work while studying or can't afford a regular course, IGNOU is far superior to good.

...Show More

AB

Aditi Bhardwaj

21 Oct 22

Below mentioned are some of the positive aspects of IGNOU:

  • When compared to other private universities such as Symbiosis Distance Learning, you pay nearly one-tenth the price to complete your degree or PG (except for an MBA, which is half the price).

  • It's the government. University is recognized worldwide until the criteria state that only full-time courses are permitted.

  • You get standard books that will not only impart good knowledge but will also help you clear competitive exams in simple and easy language, and they are available in both Hindi and English.

  • Transfers are available in almost all states if you need to relocate during your academic career.

  • There are several other benefits to joining this university and simply completing your tasks on time, such as assignments that are given only once a year and you have almost 6 months to complete them, and the answers are easy to find in your course books.

It provides an excellent platform for your success in life. If you want to study at IGNOU, you should definitely do so. 

...Show More

SS

Sugandha Shukla

13 Oct 22

Yes. The IGNOU marking system is very poor, and you must have a lot of patience if you are pursuing any degree from IGNOU. If you fail to submit your assignment grades, your results will be delayed for several months.

IGNOU is certainly playing with students' careers because they are so unconcerned about their grades and future. They are unconcerned about how and what is written on the answer sheets. They only postpone things and do not address the issue.

...Show More

AG

Anamika Ghose

20 May 22

IGNOU is best for distance learning MBA. IGNOU MBA course structure is pretty good. You will get to learn the basics first then the main concepts. The study materials are good and make the learning process smooth. IGNOU also has a better reputation. 

Symbiosis Pune is also a good option for MBA. You can choose one of these two options based on fee structure and eligibility. 

...Show More

PA

Pooja Agrawal

13 Oct 22

Even an IIM degree may be worthless if you do not learn anything while pursuing it.

Because you have not specified the nature of your use for an MBA degree, it is assumed that you are a working professional interested in gaining theoretical knowledge of management through an MBA from IGNOU.

When we compare IGNOU to other distance learning universities such as SMU and Symbiosis, we can see that IGNOU stands out due to the well-structured course material and the importance of assignments. The faculty who are mentoring SOMS IGNOU (School of Management Studies) is top-tier professors from IIMs and IIFT, as well as senior government officials. 

However, expecting an MBA to be equivalent to a regular MBA degree to get a job is unrealistic. Most MBA programs in India are extremely rigorous and intensive. This is because a future manager is expected to perform under pressure, and a management student is subjected to that pressure from day one of his MBA program. As a result of regular case study discussions and extensive knowledge sharing in peer groups, a regular MBA is considered to be far more valuable than a distance MBA. However, a regular MBA requires a significant time and financial investment. 

So, if you are already in a well-established job and want to advance to a management position or simply learn more about the theoretical aspects of management, an MBA from IGNOU will undoubtedly help you serve the purpose with minimal investment of both time and money.

...Show More

AK

Anupama Kumari

14 Oct 22

The worth of an IGNOU degree can be determined in several ways:

  • Under its legitimacy as a degree. (Accredited by UGC and AICTE)
  • Under its eligibility for government jobs (Almost all govt jobs)
  • The caliber of its course curriculum (Yes, It has one of the updated courses with the latest trends)
  • Because of its reputation in the private sector. A large number of bright students who are unable to attend regular courses for various reasons attend them.
  • Because of its teaching methodology. (They provide distance education, but they engage you for a full year with assignments, projects, exams, and weekend classes.)
However, if you compare the quality of knowledge inducted in distance course vs regular course, you will find that regular course provides better exposure. Any job is dependent on the candidate's skills, and if you are talented enough to learn the necessary skills, finding work will be easy. One must not blame a degree if you are a mediocre learner.
...Show More

PG

Prateeksha Garg

13 Oct 22

In IGNOU, none of the faculty members at your regional center or study center will assist you in answering your questions. You must assume everything on your own and act accordingly. If you have any questions about your assignment submission or lab courses, your study center will simply tell you to contact the regional center. And in the regional center, no one will answer the phone, and no one will respond to your emails. If you accidentally sent your document or something to the wrong center, they will notify you after the form submission deadline and tell you that there is nothing you can do and that you must submit the form again in the upcoming semester. Rude teachers will respond to your inquiries. You may feel as if you are studying without paying fees, and the teachers are unconcerned about your problems. They are simply teachers by designation; they have no idea what to do or how to assist students with assignments/labs, etc. 

Students are pursuing distance education because they are unable to attend college daily due to their jobs. However, they expect them to travel to a regional center that is not in the same city every month to have our basic questions answered. In terms of projects, they may say in viva that the report should look like this. When you submit the report as instructed the next time, another superintendent will be present to reject it and instruct you to format it as before.

...Show More

MA

Madhav Aneja

14 Oct 22

IGNOU does not provide semester or year-end grade reports. It will provide you with a consolidated mark sheet at the end of your program. However, if you want a mark sheet halfway through, you must apply it separately. You will be charged a nominal fee and will receive IGNOU marksheet for all of the papers you have already examined, as well as the results.

The university gives you the option of coming to the convocation ceremony to get your degree certificate or sending an Rs. 200 demand draft as they post the degree.

...Show More

HP

Harshita Poona

13 Oct 22

To be honest, IGNOU is an undesirable university in India. Don't believe those who claim that "it's the best open university" and other such nonsense. They don't give a damn about you, your future, or your time. When you go to the regional center, they tell you to go to the IGNOU headquarters. And the office of concern in the headquarter of Ignou will tell you to go to the post office, and the post office will tell you to bring the dispatch number from the headquarters of IGNOU, and they will tell you that the regional center will provide the dispatch number of the book but it would not get into your hands even at the end. 

IGNOU is the worst open university; they value the number of students over the quality of education. They do nothing to help students, and IGNOU is just a big scam run by undeserving people and goons. It is strongly advised to avoid IGNOU. AMU and Jamia are far superior for open studies.

...Show More

SB

Shivani Bhat

21 Nov 22

The passing marks at IGNOU (Indira Gandhi National Open University) are

  • Theory - 30 out of 100 / 18 out of 50

  • Assignments - More than 50%

If you fail to score 50% in assignments, you will have to resubmit them. If you score above 30 out of 100 or 18 out of 500 in theory, then you will pass without having submitted assignments.

Percentage Calculation - Assignments- 30% weightage and Term End Examination- 70% weightage for FST (Foundation Course in Science & Technology) and FHS (Foundation Course in Humanities and Social Sciences).

...Show More


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