MBA in management accounting and Finance is a program designed for the accounting and finance sector. The program is offered by IGNOU in collaboration with CIMA (Chartered Institute of Management Accountants).


The program consists of two different components namely the IGNOU component and the CIMA component,  upon the completion of which you will be awarded with a Master of Business Administration Degree.

*CIMA is a globally recognized institution, founded and headquartered in London (UK).

Fee structure


The program has a slightly complicated fee structure compared to other IGNOU MBA program. The program fee is to be paid as two components (IGNOU component and CIMA component). The fee structure is as follows.

Total program fee:

IGNOU component is ₹ 55,000

CIMA component is £ 1300

Semester fee:

Semester 1 (IGNOU): ₹ 17,500

Semester 1 (CIMA): £ 400 (₹ 37692.11 in current exchange rates)

Semester 2, 3, and 4 (IGNOU): ₹ 12,500 (each semester)

Semester 2, 3 and 4 (CIMA): £ 300 (₹ 28269.08 in current exchange rates)

*IGNOU component payable as demand draft in Delhi

*CIMA component payable as demand draft in London