MBA in Banking and Finance 

offered by IGNOU

Yes, as per the details collated from various sources on the internet, the degree from IGNOU University is valid and acceptable in overseas and foreign countries with ease. Also, an MBA degree holder can get a job of as a Team Lead or go for a profile with managerial responsibility for any company or department. A manager’s job profile broadly includes planning, strategising, execution, leading the team, liaison with clients, coordinating with other departments, delegation of work and responsibilities, and reporting to higher authorities regarding projects undertaken. Some of the leading companies that hire MBA pass-outs, include Deloitte, ITC, Samsung and Reliance, among others. 

The candidates applying for an MBA at IGNOU need to submit the course fee after completing application formalities. It is the first-year fee amount. The total tuition fee for IGNOU MBA/PGDM programmes range from INR 6,300 to INR 68,000. Following this, the registration fee has to be paid for registration in consecutive years of the programme. The admission fee payment can be done online via credit card/debit card/net banking. It must also be noted that the mentioned fee amount is as per the official website/sanctioning body. It is still subject to changes and hence, is indicative.

There are many universities in India that offer distance MBA programmes to students. Among such universities, IGNOU is one of the most reputed and popular open universities in India. Although, the scope of a distance MBA is lesser as compared to a full-time MBA, IGNOU's MBA is a blessing for those who are unable to pursue a full-time MBA due to financial or some other constraints.

IGNOU admission to MBA was subject to a valid score in IGNOU OPENMAT exam till 2021. However, for the admission 2021 onwards, IGNOU cancelled the OPENMAT exam and eligible candidates were able to directly apply for the MBA courses via the online registration link before the extended deadline. However, as per the data collated from various sources, IGNOU seems to have scrapped the OPENMAT exam. IGNOU MBA admission 2024 is subject to merit scores obtained by the students in the last qualifying degree. 

IGNOU offers a two-year MBA programme in General and Banking & Finance specialisations. The eligibility required for different MBA programmes is as follows:

Particulars	Highlights
Eligibility for MBA	A pass in any bachelor’s degree of minimum three years duration with at least 50% aggregate (45% in case of reserved category candidates)
Eligibility for MBA in Banking and Finance, i.e. MBF	- A pass in any bachelor’s degree of minimum three years duration with at least 50% aggregate (45% in case of reserved category candidates) - A pass in CAIIB examinations of the Indian Institute of Banking & Finance, Mumbai, and awarded the requisite qualification/ credentials therefore by the institute - Must have been working with the Banking or Financial Services sector for a period of at least two years