ICFAI Distance Learning MBA Admissions 2024, 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 1985 by launching high – end innovative professional program.  It expanded over the years and built 11 Universities and 9 B-schools across India.

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.

ICFAI Distance MBA

This is a 2 year program that will be delivered in distance mode. The students need to study 21 subjects and complete project work for total of 98 credits over a span of 2 years.

Program Overview

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 commitments.
  • CBT – Computer Based Tests since the exams are conducted online, students can take them at their convenience and wherever they want.
icfai distance mba learning methodology
ICFAI Distance MBA Learning Methodology

ICFAI Online MBA Program

The institute also offers and online MBA program. The program is delivered in fully online mode and spans over 2 years.

  • This is a 2 year fully online program targeted at working professionals. The student does not need to visit the university anytime during the course. The entire course is delivered online.
  • The course has flexible assessment schedule which ensures that the student can take up the exams as per their convenience.
  • Multiple electives available
  • The program has 15 core courses and 6 electives from 4 streams totaling 22 courses. The student is also required to complete project work.

ICFAI Distance and Online MBA Admission 2023-2024

Distance MBA Admission Procedure

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.

Admission Procedure

ICFAI Online MBA Admission Process
ICFAI Online MBA Admission Process

Step 1 Submission of application form

  • Submit application form along with necessary documents
  • Upload following documents
    • latest photo with signature
    • latest photo without signature
    • scanned copies of education qualification certificate – class 10, 12, degree
    • degree certificate if the candidate has completed graduation
    • scanned copy of Aadhaar Card or passport for foreign nationals

Step 2 Fee Payment

  • Once the candidate completes the application form, it should be submitted at the enrollment office along with the necessary fee
  • Fee can be paid online or through demand draft
  • Online payment can be made through credit card, debit card, netbanking
  • DD should be drawn on scheduled commercial bank in favour of “IFHE Fee Collection A/c. ” payable at Hyderabad. Send it along with the application form to CDOE, #52, Nagarjuna Hills, Punjagutta, Hyderabad 500 082, Telangana.

Step 3 Enroll

Once the application is accepted, the student can enroll into the program after paying requisite fees.

Online MBA Admission and Application Process

  • Candidates need to pay Rs.1000 as registration fee which will be adjusted against the admission fee.
  • The selection process for online MBA program consists of a micro-presentation and an interview. The micro-presentation will be conducted online.
  • The topic of the micro-presentation can be chosen by the candidate. The presentation should be for at least 5 minutes and it should be given in English.

ICFAI Distance and Online MBA Fee Structure

Distance MBA Fee Structure

The total fee for the ICFAI distance MBA program in 2023-24 is Rs. 75,000/- if paid in lump-sum. The fee can be paid in 2 annual installments or 4 biannual installments.

Type Distance MBA Fee
Admission Fee Rs.10,000/-
Program Fee Rs.65,000/-
Total Distance MBA fee Rs.75,000/-

Option 1 Lumpsum Payment

The candidate can pay the full course fee in one go at the time of the admission along with the admission fee of Rs.10,000/-.

Option 2 Annual Fee Payment

The student can pay fee annually. Admission fee of Rs.10,000/- has to be paid at the time of admission. Rest of the fee can be paid in 2 annual installments of Rs.35,000/- each.

Option 3 Semester wise fee payment

The student can also pay fees in 4 equal installments of Rs.18,000/- each for each semester. Admission fee of Rs.10,000/- 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.

Particular Fee
Admission Fee 2,000
Program Fee 8,000
Exam Fee Nil
Total Fee 10,000

ICFAI Online MBA fee structure

The total fee for ICFAI Online MBA program in 2023-24 -24 is Rs. 2,00,000/-. The fee can be paid in 2 annual installments or 4 biannual installments.

Type Online MBA Fee
Admission Fee Rs.20,000/-
Tuition Fee Rs.1,80,000/-
Total Distance MBA fee Rs.2,00,000/-

Online MBA Fee Payment Options

Option Installment Details
Lumpsum Total fee at the time of enrollment
Annual Payment Admission fee of Rs.20,000/- and 2 annual installments of Rs.90,000/- each
Semester wise Payment Admission fee of Rs.20,000/- and 4 bi-annual installments of Rs.45,000/- each

ICFAI Distance MBA Eligibility Criteria

Distance MBA Eligibility Criteria


To apply for ICFAI distance MBA, student must be a graduate from any recognized university with English as language of instruction.

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.

Online MBA Eligibility Criteria

Student should be a graduate with minimum 50% in any discipline from a recognized university. The student should have completed the course in English language.

Non-English learners can submit TOEFL/ NELT/ IELTS.

Distance MBA Specializations

The Distance MBA program has 16 electives to choose from

ICFAI Approval & Recognition

ICFAI University is not approved by AICTE. It is approved by UGC, NCTE, BCI, Association of India universities, CII and Bangalore University.


ICFAI University has been awarded Pan India educational excellence awards –

  • Ranked 7th among Top Private B Schools in India by Careers 360 in 2022
  • Ranked 6th among the Top 150 B Schools of India (Govt. & Private) by Times B-School Survey 2022
  • ICFAI university was given A+ grade by NAAC
  • Full time MBA program was accredited by AACSB and SAQS (South Asian Quality Standards), AMDISA
  • Ranked 25th by NIRF in 2020 in Management Category.
  • ICFAI has been ranked 13th among top private B schools of India.
  • AAAA rated B school of India.
ICFAI University Awards
Awards won by ICFAI University

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.

 Module  Subjects
     Module I Business Communication & Soft Skills
Organizational Behavior
Principles of Management
Business Environment & Law
Economics for Managers
     Module II Marketing Management
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
 Module IV Management Control Systems
Business Policy & Strategy
Leadership & Change Management
International Business
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 Executive MBA Course

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.

Fee Structure

This program charges fee of Rs 6.25 lakhs at IBS Hyderabad, Rs 2.25 lakhs at IBS Dehradun, IBS Jaipur.

Online Registration

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.

Subjects Offered

PG Degree  Courses

  • MBA Finance
  • MBA Marketing
  • MBA HR
  • General MBA
  • MBA Telecom Management
  • MBA Hospital Administration
  • Executive MBA
  • MMS

List of electives offered

  • Strategic finance
  • Investment management
  • Risk management
  • Global markets
  • International business
  • Hospital administration
  • Marketing
  • IT and Systems
  • Telecom management
  • Retail management
  • HR
  • Finance
  • Innovation management
  • Operations
  • Pharma management
  • Health Care Management

ICFAI Study Centers

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
  • 7B, 01st floor, Astley Hall, Rajpur Road, Above Ahuja Pathology Lab,Dehradun

Other Distance MBA Programs

Last Updated: 14-April-2023

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