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Introduction
Indira Gandhi National Open University (IGNOU), also known as the people’s University was established in 1985 by an Act of Parliament. It is a distance learning University which is located at Maidan Garhi in New Delhi. Indira Gandhi National Open University is the largest university in the world with an enrollment of over 40 Lakh students, with over 67 regional centers spread across the country. The IGNOU provides high-quality education through the ODL (Open and Distance Learning) mode in over 226 programmes and courses at various levels.
From Agricultural to Technical to Arts and Management, the premier distance university covers a wide range of courses.
This article contains IGNOU MBA courses and everything about MBA from IGNOU.
IGNOU MBA- Structure
MBA was added as an IGNOU course in 1987 for the first time. The MBA from IGNOU ODL mode, also known as the correspondence mode can be completed in a duration of 2.5 to 8 years. Though the time period is very generous, yet it is advisable to complete the course within the minimum time.
IGNOU MBA is open for a fresher and also for Entrepreneurs, Business Executives and Graduates working for a company.
Specializations offered in MBA
The IGNOU MBA has 21 subjects in total which are also known as courses. Every student is required to complete combination of all the courses listed below within the prescribed time-
| Subjects | Description, Codes |
|---|---|
| 11 Subjects | MS-1 to MS-11 |
| 5 Subjects | Specialization |
| 2 Subjects | Compulsory (MS-91 and MS-95) |
| 1 Subject | Elective (MS 92/93/94/96/97) |
| 1 Subject (Equivalent to 2) | Project Subject MS-100 |
| 21 | TOTAL |
Subject Codes and Names of General Subjects from MS-1 to MS-11 is as Tabulated below-
| Subject Name (Course) | Subject Code |
|---|---|
| Management Functions and Behavior | MS-1 |
| Management of Human Resource | MS-2 |
| Economic and Social Environment | MS-3 |
| Accounting and Finance for Managers | MS-4 |
| Management of Machines and Materials | MS-5 |
| Marketing for Managers | MS-6 |
| Information System for Managers | MS-7 |
| Quantitative Analysis for Managerial Applications | MS-8 |
| Managerial Economics | MS-9 |
| Organizational Design, Development and Change | MS-10 |
| Strategic Management | MS-11 |
The IGNOU MBA has 5 specialization category streams, in which a student can specialize. The courses in each specialization stream are as tabulated below:
| Specialization Stream | Subject Name | Subject Code |
|---|---|---|
| HUMAN RESOURCE MANAGEMENT | Social Processes and Behavioral Issues | MS-21 |
| Human Resource Development | MS-22 | |
| Human Resource Planning | MS-23 | |
| Employment Relations | MS-24 | |
| Managing Change in Organizations | MS-25 | |
| Organizational Dynamics | MS-26 | |
| Wage and Salary Administration | MS-27 | |
| Labor Laws (MS-28) | MS-28 | |
| International Human Resource Management | MS-22 | |
| FINANCIAL MANAGEMENT | Working Capital Management | MS-41 |
| Capital Investment and Financing Decisions | MS-42 | |
| Management Control Systems | MS-43 | |
| Security Analysis and Portfolio Management | MS-44 | |
| International Financial Management | MS-45 | |
| Management of Financial Services | MS-46 | |
| OPERATIONS MANAGEMENT | Operations Research | MS-52 |
| Project Management | MS-53 | |
| Production/Operations Management | MS-54 | |
| Management Information Systems | MS-55 | |
| Logistics and Supply Chain Management | MS-56 | |
| Materials Management | MS-57 | |
| Maintenance Management | MS-58 | |
| Management of R&D and Innovation | MS-59 | |
| MARKETING MANAGEMENT | Consumer Behavior | MS-64 common to all the subjects |
| Sales Management | ||
| Product Management | ||
| International Marketing | ||
| Marketing of Services | ||
| Marketing Research | ||
| Management of Marketing Communication and Advertising | ||
| Rural Marketing | ||
| Retail Management | ||
| FINANCIAL MARKETS PRACTICE | Professionals in Financial Markets Practice | MFP-1 |
| Currency and Debt Markets | MFP-2 | |
| Commodity Markets | MFP-3 | |
| Equity Derivatives | MFP-4 | |
| Equity Markets | MFP-5 |
Elective Subjects- There are 5 elective subjects from which a student can select any one subject.
| Name of Subjects | Code |
|---|---|
| Management of Public Enterprises | MS-92 |
| Management of New and Small Enterprises | MS-93 |
| Technology Management | MS-94 |
| Total Quality Management | MS-96 |
| International Business | MS-97 |
Specialization
The IGNOU offers specializations in a number of fields. Specialization in a particular field in MBA is advantageous most of the times as it enables you to be focused on a primary sector. It helps you have a deeper knowledge of your respective subjects. Specialization helps people get their desired jobs. Even the company, seeks employees having a particular set of skills who can master the work they’re provided in their field of work.
IGNOU offers specialization in following courses-
| Serial Number | Specialization |
|---|---|
| 1 | MBA in Aviation Business Management |
| 2 | MBA in Banking and Finance |
| 3 | MBA in Biotechnology Management |
| 4 | MBA in Corporate Governance |
| 5 | MBA in Entrepreneurship |
| 6 | MBA in Financial Markets |
| 7 | MBA in Hospital and Healthcare Management (MBAHHM) |
| 8 | MBA in Hospitality Management (MBAHM) |
| 9 | MBA in Insurance |
| 10 | MBA in Information Technology Management |
| 11 | MBA in Management Accounting and Finance |
| 12 | MBA in Network Infrastructure Management |
| 13 | MBA in Retail Management |
| 14 | MBA in Textile Management |
| 15 | MBA in Services Management |
| 16 | MBA in Marketing/Finance/HR/Productions and Operations Management |
| 17 | MBA in Telecom Management |
IGNOU does not provide dual specialization in MBA; however, you can do a PG Diploma course after you have completed the MBA course.
How to choose specialization?
One can choose her/his field of specialization based on Interests, UG Education, and Opportunities.
Interests really matter. Doing or learning something you are interested is more comprehensive and practical. Your interests can take you to the top must stair of your stairway to becoming a successful business-person.
UG Education also plays an important role in the selection of stream to specialize in. Since UG is always the foundation to your PG study. Example, you are an Engineering Grad; you would definitely fit for say Aviation or any Telecom or Networking related MBA, rather than in Healthcare or Textiles management.
Nevertheless, if you are not specific with your interests, you can analyze the market conditions (Opportunities) and find out the best for yourself, where you would get a reputed and well-paying job and a sector where you can switch jobs easily.
Specific Details and Subjects for MBA in various fields
MBA in HR
MBA in Human Resource Management is one of the most popular specializations in the Management sector. From employing new job-seekers to managing old ones, everything comes under the work of a Human Resources’ Manager. The Human Resource MBA has a variety of job opportunities in the market. HR Managers staff the employees at the company and also have the authority o grant promotions to the working employees.
In HR, a student would have to go through following subjects
- Accounting
- Business analysis
- Economics
- Finance management
- Organizational development
- Marketing
To be specific, IGNOU MBA in HR, the student would need to study following courses, apart from all other compulsory, general and elective course, project courses mentioned above.
| Social Processes and Behavioral Issues | MS-21 |
| Human Resource Development | MS-22 |
| Human Resource Planning | MS-23 |
| Employment Relations | MS-24 |
| Managing Change in Organizations | MS-25 |
| Organizational Dynamics | MS-26 |
| Wage and Salary Administration | MS-27 |
| Labor Laws (MS-28) | MS-28 |
| International Human Resource Management | MS-22 |
MBA in Information Technology Management
MBA in IT is one of the most diverse fields and can guarantee one a well-paying job. Students from technical backgrounds like engineering in IT, CS and EC branches generally prefer MBA in IT Management. MBA in IT management helps a company to bridge down the gap between technical and non-technical employees and clients. Following are the set of skills that are imparted to ITM aspirants:
- IT Entrepreneurship
- Bio-design
- Data, big data handling, and data mining.
- Supply chain management.
MBA in Finance Management
MBA in finance management is also a soughed field by many graduates. Finance is a widely and rapidly growing field, with arriving technologies like e-Cash, e-Shares, BitCoin, e-Tax and a lot more. An MBA graduate in Finance can grab jobs in various companies, ranging from Finance Services to Banks to Shares and Marketplaces and World Trade Centers.
In the MBA Finance Management field by IGNOU, a student would require to study these subjects other than compulsory, general and elective course, project courses mentioned above.
| Working Capital Management | MS-41 |
| Capital Investment and Financing Decisions | MS-42 |
| Management Control Systems | MS-43 |
| Security Analysis and Portfolio Management | MS-44 |
| International Financial Management | MS-45 |
| Management of Financial Services | MS-46 |
How to find study material or the books?
Well, one can study for IGNOU MBA courses, through online video lectures and also from books. There are various publishers that write books for IGNOU MBA courses.
Generally, there are 2 most popular private publishers who publish the books for various subjects.
- Neeraj Books, New Delhi
- Gullybaba Publishing House, New Delhi
Books can be purchased from shops by telling the books’ name or their subject codes. They can also be bought online from www.amazon.in.
Each book might cost 100-120 when purchased separately. However, in various combo offers one can find books at cheaper prices.
Fees of IGNOU MBA
For completing MBA from IGNOU, the total number of courses a student needs to go through is 21. The fee of each course for students from India is Rs. 1500 per subject, i.e.
1500*21=Rs. 31500 (Total)
For students from SAARC nations, the fee in Rs. 3000 per subject which makes the total,
3000*21=Rs. 63000 (Total)
For students from other countries the fees per course is $350 that makes it
350*21=$7350 (Total)
Admission Procedure and Eligibility
Admission to any of the MBA specializations from IGNOU can be made based on the result of OPENMAT (OPEN Management Aptitude Test ).
There is no age restriction.
OPENMAT is conducted twice a year for admission to management courses. It is a three-hour pen-paper based exam consisting of 200 questions from Quantitative Aptitude, English Language, Reasoning, and General Awareness sections.
The registration fee for OPENMAT is Rs. 1050.
While the eligibility criteria are as follows:
- Graduation in any discipline with minimum 50% marks for general category (45% for reserved category) with 3 years managerial/supervisory/professional experience.
OR
- Any professional degree in Engineering, Medical, CA, etc. with a minimum of 50% marks (45% for reserved category).
Every application form and rules can be found at official IGNOU website: http://www.ignou.ac.in/ignou/
These were the details of MBA courses from IGNOU. The IGNOU, being the largest is well recognized and highly esteemed. MBA in correspondence completed with good marks and well within time is valued everywhere.
