IGNOU MBA in Banking and Finance is the distance learning MBAprogram especially created for Bankers and other executives related to the banking/ finance sector. This program is exclusively created targeting the professionals from the banking sector.
Banking and financial sector in our country is expected to grow because a large part of our community who are not using the service is likely to utilize it in the near future. To create an efficient and transparent banking and financial system well trained and efficient managers are needed.
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Total course fee: ₹ 58,000
The MBA in Banking and Finance program (MBF) consists of 28 courses in total, fee per course for this program is ₹ 2000, project course MMPP-001 being an exception. The project course (MMPP-001) is considered as 2 courses and has a fee of ₹ 4000..
Fee per semester (4 in total):
First semester: ₹ 14,000
Second semester: ₹ 14,000
Third semester: ₹ 16,000
Fourth semester: ₹ 14,000
IGNOU MBA in Banking and Finance follow a slightly complicated eligibility criterion:
- Candidate should’ve passed his/her bachelor degree of three years with at 50% marks (45% for candidates from reserved category) from a reputed institution.
- He/she should’ve cleared the CAIIB examination conducted by Indian Institute of Banking and Finance (IIBM) and must possess the requisite credentials awarded by the institution.
- The candidate should have the minimum working experience of 2 years in banking and finance sector.
If you don’t have the qualifications like being member of IIB and clearing CAAIB, you can try the general Master of Business Administration from IGNOU .
Minimum course duration: 2 years (4 Semesters)
Maximum course duration: 4 years
Students need to attend 4 semesters in total, each lasting 6 months. Each semester needs to be registered separately, they have to register for the programme in the first semester and then must re-register for each subsequent semesters.
Students can exit the programme after completing the first 2 semesters to obtain a Post Graduation Diploma in Management (PGDIM) certificate, if he/she wishes to do so. This exit option is only available on the specific request of the student.
Admission for the MBF program can be sough through IGNOU official admission window. All Candidates must first register themselves into the admission portal and then carefully fill in the admission form. Candidates must all upload all necessary documents and certificates in the form and then pay the admission fee online.
Note: For IGNOU MBA in Banking and Finance, students must register for the programme in first semester (includes 7 courses) and the re-register for the remaining 3 semesters afterwards.
Candidates can apply for the IGNOU MBA in Banking and Finance (MBF) programme through IGNOU online admission portal.
Similar to the MBA programme, the MBA in Banking and Finance also follow a semester based system. There are 4 semesters in total, each lasting for 6 months and contains a total of 7 courses. Students need to complete 28 courses (subjects) in total to complete the program, in which 20 of them are core courses code names MMPC-001 to MMPC-020 (common courses for all MBA programs) , 7 of them are specialisation courses (courses that directly deals with the Banking and Finance specialisation) and 1 project course code names MMPP-001 (project course is equal to 2 courses).
Each one of the courses carry a credit weightage of 4 with the exception of the project course (MMPP-001), which has a credit weightage of 8. Total credit weightage of the program 116.
Students complete the courses MMPC-001 to MMPC-007 in their first semester, second semester include courses MMPC-008 to MMPC-014 (all the mentioned courses being core courses. Third semester contain 2 core courses (MMPC-015 and MMPC-016), one project course (MMPP-001) and 4 specialisation courses (shall be announced at a later date). Finally, fourth semester include the remaining 4 core courses (MMPC-017 to MMPC-020) and the 3 remaining specialisation courses.
For further details on courses and syllabus, visit “MBA syllabus and Course structure pages” in our website.
Who should Seek Admission and Why?
The MPB program a combination between regular MBA programs with banking and finance, so that you can use your banking and finance knowledge in an effective and more efficient manner. The program is meant for banking and finance graduate members from IIFB who have already cleared the CAIIB examination as a post graduate financial and banking program. In-service banking and financial personals are the desired candidates for this program as it is meant to enhance their management skills.
The program is specifically targeted for CAIIB certificate holders who are willing to pursue a post-graduation in banking and finance. Completion of the MBA BF would help you to rise the leadership roles in your company or bank.
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Other Specialization MBA Programs from IGNOU
Apart from MBA in Banking and Finance Management mentioned in this article, IGNOU also offers the following specializations for MBA.
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