The ICFAI Centre for Distance and Open Education (CDOE) offers an online MBA program for students who have completed their graduation. This program spans over two years, divided into four semesters. It's a trustworthy and recognized course because the university holds important accreditations, including UGC, NAAC (A+), NIRF, AIU, and more.
Students can choose from four specializations: marketing, finance, human resource management, IT, and Operations. The program includes a total of 22 courses, along with practical and project work, all completed online.
Students receive excellent academic support, and the teaching methods are designed to make it easy for students to grasp and apply the concepts in their real-life situations. The online learning resources include audiovisual materials, case studies, quizzes, recorded lectures, and interactive discussion sessions, ensuring a comprehensive and engaging learning experience.
ICFAI Online MBA: Overview
Here are the key facts about the MBA course offered by ICFAI:
| Online MBA Overview 2022 - ICFAI | |
|---|---|
| Course | Master of Business Administration (MBA) |
| Level of Course | Post Graduation |
| Approvals and Accreditations | University Grants Commission (UGC)
National Assessment and Accreditation Council (NAAC)- Rated A+ National Institutional Ranking Framework (NIRF)- Ranked 27th Association of Commonwealth Universities (ACU) etc. |
| Duration | 2 Years |
| Mode | Online |
| Specializations | Finance Management
Marketing Management Human Resource Management IT and Operations Management |
| No. of Semesters | 4 |
| Course Structure | 22 Courses along with Practical and a Project |
| Eligibility | Candidate having Completed Bachelor-檚 in any stream from a Recognized University
Graduated with At least 50% Marks Having English as medium of education (for students with other media of teaching, TOEFL/IELTS/NELTS score needed) Qualifying the University Selection Process |
| Fee Structure | INR 1000 as Application Fee
INR 20,000 as Admission Fee Total INR 2,00,000 for Complete courseINR 90,000 per Year OR INR 45,000 per Semester |
| Scholarships and Fee Concessions | Facilities for Merit Scholarship
Facilities for Fee Concession to students from defence/ Paramilitary/ Military backgrounds |
| Learning Management System (LMS) | Recorded Video Lectures, Experiential Learning-Through Case Studies, Quizzes, Project and Practicals, Discussion Sessions, Digital Learning Content, University Blogs etc. |
The ICFAI online MBA program is thoughtfully crafted to help both students and working professionals acquire valuable industry skills and broaden their career prospects. Its online format accommodates the needs of busy professionals and entrepreneurs, allowing them to pursue their studies without disrupting their careers.
Furthermore, the program is accredited by UGC and holds recognition from reputable organizations like NAAC and NIRF, ensuring the course and degree's credibility and validity.
Why Choose an Online MBA from ICFAI?
The ICFAI online MBA program is carefully designed with several important factors in mind:
- University Accreditations: It's crucial to ensure your degree is recognized. ICFAI is a well-accredited university approved by UGC, ACU, NAAC (Rated A+), and NIRF (Ranked 27th in India). This means your degree will hold value in your professional field.
- Years of Experience in Distance Education: ICFAI has a long history of providing distance education. They combine this experience with technology to offer a high-quality education that's as effective as on-campus learning.
- No Career Breaks: The online MBA is designed for self-paced learning, allowing you to continue working while completing your degree. You won't need to put your career on hold.
- Relevant Specializations: ICFAI offers in-demand specializations like financial management, human resource management, marketing management, and IT and Operations management, which can open doors to various career opportunities.
- Efficient Learning Management System (LMS): ICFAI's LMS supports your learning through various formats, including audio-visual materials, case studies, projects for practical learning, discussions with peers and faculty, quizzes, and practice exercises.
- Comprehensive Placement and Professional Training: ICFAI focuses on making you professionally competent. They offer career counseling, industry exposure, online guidance, mentorship, and partnerships with companies, helping you understand professional organizations and build networks.
In summary, ICFAI's online MBA program is an excellent choice for those seeking a postgraduate degree. It offers a robust learning platform, relevant specializations, experienced faculty, and strong accreditation and recognition.
ICFAI Online MBA Syllabus/ Curriculum 2023:
The program spans four semesters, equivalent to a duration of two years. During the initial two semesters, all students follow a shared curriculum, regardless of their chosen specialization. Specialization-specific courses become available in the third and fourth semesters.
In total, students are required to complete 22 subjects, which include practical assignments and project work. Here's the breakdown of the course structure:
| Semester | Course Structure |
|---|---|
| I | 5 Core Courses |
| II | 5 Core Courses |
| III | 3 Core Courses
3 Electives |
| IV | 2 Core Courses
3 Electives 1 Practicum/ Research project |
Semester I:
| Management and Organization Behaviour | Quantitative Methods |
|---|---|
| Foundations of Accounting and Finance | Business Environment |
| IT for Managers |
Semester II:
| Economics for Business | Operations Management |
|---|---|
| Human Resource Management | Marketing Management |
| Business Communication |
Semester III
| Business Policy and Strategy | International Business |
|---|---|
| Leadership and Change Management | Elective I |
| Elective II | Elective III |
The choices for the elective are as given below:
| Financial Management (Compulsory for those with Finance Specialization) | Global Financial Markets |
|---|---|
| Strategic Finance and Corporate Restructuring | Services Marketing |
| Strategic Marketing Management | Sales and Distribution Management |
| Recruitment, Training and Development | Performance Management and Reward Systems |
| SMACS Technologies for Business | Services Operations Management |
Semester IV
| Management Control Systems | Business Ethics and Corporate Governance |
|---|---|
| Elective IV | Elective V |
| Elective VI | Entrepreneurship Practicum OR Business Research Project |
Eligibility Requirements for ICFAI's Online MBA Program:
This program is suitable for a range of candidates, including recent graduates, working professionals, and entrepreneurs who have an interest in business management. To apply for the MBA course at ICFAI, candidates must meet specific basic eligibility criteria, as outlined below:
- Bachelor's Degree: Candidates must hold a Bachelor's degree from a recognized university.
- Any Discipline: Graduates from any academic stream or discipline are eligible to apply for the course.
- Minimum Marks: Candidates should have obtained a minimum of 50% aggregate marks during their graduation.
- Medium of Instruction: Since the program is conducted in English, applicants should have completed their previous education in English as the medium of instruction.
- English Proficiency: If an applicant's medium of instruction during their graduation was not English, they must provide a valid score record from English proficiency exams like IELTS, NELTS, or TOEFL.
In addition to these eligibility criteria, the university will also conduct its own screening process to assess candidates based on their knowledge and understanding of business administration. The final selection decision will be made by the university's selection committee and will be binding.
Tuition Fees for ICFAI's Online MBA Program:
The total cost of the MBA program at ICFAI is INR 2,00,000, which includes the admission fee. Additionally, there is a one-time application fee of INR 1000, which is adjusted and included in the admission fee.
Here's the breakdown of the fees:
- Tuition Fee: INR 1,80,000
- Admission Fee: INR 20,000
| Payment Mode | Fee Structure |
|---|---|
| Yearly Payment | INR 1,10,000 for Year 1 i.e.
INR 20,000: Admission Fee INR 90,000: Tuition Fee INR 90,000 for Year 2 |
| Semester Mode | INR 65,000 for Semester I i.e.
INR 20,000: Admission Fee INR 45,000: Tuition Fee INR 45,000 for the remaining semesters. |
Conclusion:
The ICFAI Online MBA is a great option for students who are looking for a flexible and affordable way to earn their MBA degree. The program offers a rigorous curriculum and a strong track record of success. If you are interested in learning more about the ICFAI Online MBA, please visit the program's website.
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