ICFAI Distance Learning MBA Admissions 2023, Fee Structure, Eligibility
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ICFAI stands for Institute of chartered financial analyst of India. ICFAI group was established as a NPO (Not For Profit Organization) with the objective of establishing educated citizens through world class education.
ICFAI group made its debut in the Indian education diaspora in 1985 by launching high – end innovative professional program. The program was a unique and first of its kind initiative in India. It aimed at equipping students and working professionals with cutting edge knowledge in contemporary areas of finance.
It has 2 branches – ICFAI University and ICFAI business school (IBS). ICFAI business school started its operations in the year 1995. ICFAI has established 11 universities across India at Hyderabad, Dehradun, Jaipur, Jharkhand, Meghalaya, Mizoram, Nagaland, Raipur, Sikkim, Tripura.
The university received NAAC accreditation with A+ grade.
The online and distance programs are administered by Center for Distance and Online Education (CDOE), IFHE Hyderabad. ICFAI online MBA program received an approval from UGC in 2020.
Master of Business Administration (ICFAI Distance MBA)
ICFAI brings a unique advantage of real life case studies to its distance MBA program. The university runs two research departments – IBS Case Development Center (IBSCDC) and IBS Center for Management Research (ICMR). The research activities run by these departments allow the university to make its distance and full time programs more comprehensive and practical in scope.
Main features of the distance MBA programs are –
Quarterly Exams – Students get a lot of flexibility to decide when they want to appear for the exam since the exams are conducted 4 times every year.
Fixed Schedule – The exam dates are planned in advance and communicated to the students. This allows the students to plan their other committments.
CBT – Computer Based Tests since the exams are conducted online, students can take them at their convenience and wherever they want.
Syllabus and Structure of the ICFAI Distance MBA program
The program is divided into 4 modules. Modules 1 and 2 are basic modules and they are compulsory for all specializations. Module 3 has electives and students need to take appropriate electives based on their specialization choice.
Business Communication & Soft Skills
Principles of Management
Business Environment & Law
Economics for Managers
IT & Systems
Foundations of Accounting & Finance
Human Resource Management
Project & Operations Management
Module III (16 Elective Streams)
Elective – I
Elective – II
Elective – III
Elective – IV
Elective – V
Management Control Systems
Business Policy & Strategy
Leadership & Change Management
Business Ethics and Corporate Governance
Duration of the program
The standard duration of the program is 2 year. Once the student registers for the program , s/he can complete it within 4 years. In case the student fails to do so, s/he can register again by paying requisite fees and complete the program.
ICFAI Distance MBA Admission 2021-2022
ICFAI online MBA program is a 2 year 4 semester program.
The admission for ICFAI Distance MBA program are happen round the year in four cycles – March, June, September and December. Exams are conducted based on the admission date.
Candidate must be a graduate with 50% marks in aggregate with English as medium of instruction.
Candidates with non-English medium of instruction need to apply with TOEFL/ NELT/ IELT scores.
Step 1 Apply for the Course
Students can apply online – https://online.ifheindia.org/ifhe-online-mba.asp
Upload following documents
scanned copy of latest photo with signature
scanned copy of latest photo without signature
scanned copies of education qualification certificate – class 10, 12, degree
scanned copy of Aadhaar Card or passport for foreign nationals
TOEFL/NELT/IELTS score card only if applicable
Step 2 Selection Process
The selection process consists of Micro Presentation and a Personal Interview.
Candidate needs to pay the amount of Rs. 1,000/- through online mode towards selection process fee. This is non-refundable, however this amount will adjusted against the course fee should the candidate get selected.
Once fees is paid, the candidate can select a convenient time slot for the selection process.
Step 3 Enroll
Once the application is accepted, the student can enroll into the program after paying requisite fees.
ICFAI Distance MBA Fee Structure
The total fee for the ICFAI distance MBA program is Rs. 2,00,000/- if paid in lump-sum. The fee can be paid in 2 annual installments or 4 biannual installments.
Distance MBA Fee
Total Distance MBA fee
ICFAI MBA (2 YEARS)
The university offers the flexibility of either paying for just 1 module at a time or paying for all 4 modules (full course fee) in one go.
Option 1 Annual Fee Payment
The student can pay fee annually. Admission fee of Rs.20,000/- has to be paid at the time of admission. Rest of the fee can be paid in 2 annual installments of Rs.90,000/- each.
Option 2 Semester wise fee payment
The student can also pay fees in 4 equal installments of Rs.45,000/- each for each semester. Admission fee of Rs.20,000/- has to be paid at the time of admission.
Besides the fee indicated above, the students are required to pay the examination fee of Rs.500 per subject.
Balance Amount To Be Paid Through 15 equated monthly installments
ICFAI Distance MBA Eligibility Criteria
Online MBA program
Graduated students with minimum of 50% marks aggregate in any discipline. Candidates must have completed 15 years of education.
Candidates not meeting eligibility criteria of English medium must submit their TOEFL/NIELT/IELTS score. Candidates in final year of graduation are also eligible to apply for the program.
Please note that diploma students are not eligible for ICFAI distance MBA program.
ICFAI Distance MBA Specializations
The Distance MBA program has 16 electives to choose from
The executive MBA is a 2 year course which requires students to have an experience of 03 years at supervisory/managerial level. The classes are held between 9AM and 6 PM on all Sundays and second Saturday. IBS has an impeccable track record of achieving excellent placements every year with top companies recruiting from this college. It has implemented a very systematic approach towards career building of its students. They have a career management center that plans and implements the placement activities through out the year.
The career management center operates under the guidance of director with a team of manager and executives. The team visits about 1000 companies and have a good rapport with them. Industry interaction helps the student to have a better career counselling and planning. It also helps to increase recruitment and maintain industry contacts. Summer internships provide academic inputs along with practical training and physical experience in various career opportunities. It also helps the students to gain future employment contacts. Industry interaction program are regularly organised with a cross section of professionals from various sectors and areas like financial services, HR, marketing, IT etc. Professional development seminars are also organised.
This program demands Rs 6.25 lakhs p. A. at IBS Hyderabad, Rs 2.25 lakhs p. A. at IBS Dehradun, IBS Jaipur.
Candidates will have to apply only through online mode. The cost of form fill up is Rs 500 which is to be deposited using credit card /debit card. Candidates should attach their scanned color photograph along with the application. Limited number of seats in all program is allotted to students securing 70% marks in their qualifying examination before wait list is released. Applicants using this option needs to upload a scanned copy in. PDF format of the final marksheet.
PG Degree Courses
MBA Telecom Management
MBA Hospital Administration
List of electives offered
IT and Systems
Health Care Management
IBS offers limited number of merit scholarship to students based on their academic performance.
Students are paid Rs 20,000 p.m till the submission of their thesis proposal. Rs 35,000 is given after successful defense of their proposal till 04 years. The research scholars provide support in various activities up to 10 hours a week.
ICFAI Study Centres
ICFAI Study Centre Tripura
The ICFAI University Tripura, Agartala – Simna Road, Kamalghat, West Tripura
Durgabari Road, Near Sukanta Academy, Agartala
ICFAI Study Centre Dehradun
ICFAI University Dehradun, Rajawala Road, Central Hope Town, Selaqi, Dehradun
Jame Villa Hostel, Rispana, ChunaMandi, Adhoiwala, Raipur Road, Dehradun