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ICFAI Online MBA 2024: Course, Fee, Admission, Scope, and more

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Jagpreet

29 May, 2024

ICFAI Online MBA 2024: Course, Fee, Admission, Scope, and more

We are dominated by technology from every direction. From online consultations with a doctor to shopping and studying online, digitalisation has significantly impacted our lifestyle. Now, you can choose to attend in-person classes or opt for a flexible study mode and continue with your other schedules. Although remote learning opportunities have existed for a long time, they only gained immense popularity after the pandemic-induced lockdown. The gradual upgradation of online education enhanced the quality of online courses, thereby ensuring their credibility in the job market.

The MBA is the most famous PG course for online degrees, and it witnesses a huge number of enrollments every year. As most of the aspiring MBA candidates are working professionals, quitting their jobs is taxing. For such candidates, pursuing an online MBA is an ideal choice. The challenge is to find the right college/university. India is home to many highly-ranked institutions offering Online MBA. ICFAI University is one such reputed university offering the desired programme. ICFAI online MBA degree is UGC-entitled for its high-quality academic content and student support.

If you’re a working professional considering an online MBA degree from ICFAI University, this blog is tailored just for you. We understand the unique challenges and aspirations of individuals like you, and we’re here to guide you through your journey.

About ICFAI

Mr. N.J. Yasaswy founded the ICFAI Group in 1984 as a not-for-profit institution. Throughout its long history, ICFAI has developed high-end and innovative programmes to empower the future generation. Currently, ICFAI has 11 well-established universities across India in Jaipur, Hyderabad, Dehradun, Tripura, Jharkhand, Raipur, Himachal Pradesh, Sikkim, Mizoram, Meghalaya, and Nagaland. To make its academics relevant to current standards, the university encourages industry collaborations. Guest lectures by industry experts and seminars are an important part of ICFAI’s academic structure.

The group further extended its arms to the Centre for Distance and Online Education (CDOE) to offer programmes in online and distance mode. To make sure that no academic goals are left unchecked from your list, the CDOE provides an interdisciplinary perspective on its online/distance BBA and MBA degrees.

Exploring the Lenghts of ICFAI Online MBA

The ICFAI University online MBA is a two-year fully online programme. It is open to fresh graduates and working professionals who aim to set foot in their management careers. The learning system has been devised to promote the holistic growth of the learners in terms of theoretical and practical experiences. Its 70:20:10 learning model is a unique feature which bridges the gap between offline and online learning. According to this model, 70% of the focus is on job-oriented concepts, 20% on peer learning and 10% on theory.

With an updated curriculum, different electives to choose from and practical work courses, the programme offers an elaborative learning system for students or professionals, seeking to expand their career opportunities. The curriculum of the ICFAI online MBA programme uses contemporary technological tools to equip students with 21st-century skills. ICFAI has 4 decades of excellence in management education. Therefore, its multi-format content will give flexibility and quality both.

Highlights of ICFAI Online MBA

Course Name Online MBA
Distance MBA
Course Duration Min 2 years (can be extended upto 4 years)
Fee Structure INR 2,00,000 (for online MBA)
INR 80,000 (for distance MBA)
Study Mode Online/self-paced
Exam Mode Online
Industry Partners Bajaj Capital
HDFC bank
ICICI bank
Tech Mahindra
CRISIL
Kotak Securities
Accreditations and Rankings UGC-DEB
NAAC A++
ACU
NIRF 40 Rank (management category)

Benefits of Choosing ICFAI Online MBA

The ICFAI University’s online MBA programme integrates theory, practice-based world and real-world exposure. Let’s briefly discuss why the ICFAI online MBA is a good choice.

benefit of icfai online mba

Updated Syllabus of ICFAI Online MBA

Semester 1 Management and Organisational Behaviour
Business Analytics
Foundations of Accounting and Finance
Business Environment
IT for Manager
Semester 2 Economics for Business
Operations Management
Human Resource Management
Marketing Management
Business Communication
Semester 3 Business Policy and Strategy
International Business
Leadership and Change Management
Elective I
Elective II
Elective III
Semester 4 Management Control Systems
Business Ethics and Corporate Governance
Elective IV
Elective V
Elective VI
Entrepreneurship Practicum or Research Project
Elective Options Semester 3
Financial Management
Global Financial Markets
Strategic Finance and Corporate Restructuring
Wealth Management
Services Management
Strategic Marketing Management
Sales and Distribution Management
Recruitment, Training and Development
Performance Management and Reward Systems
SMACS Technologies for Business
Services Operations Management
Semester 4
Financial Services
International Finance
Fundamentals of Fintech
International Marketing
Retail Management
Integrated Marketing Communications
Strategic Human Resource Management
Organisation Development
Human Resources Planning and Audit
HR Analytics
Big Data, Cloud and Analytics
Supply Chain Management

icfai online mba learning resources

Who can apply for the ICFAI Online MBA Programme?

To apply to the ICFAI University online MBA programme, you just fulfil the below-mentioned eligibility criteria:

For Online MBA

  • Bachelor’s degree in any discipline with 50% aggregate or above marks from a recognised university.

  • The graduation medium should be English

  • If you have completed your graduation from a medium other than English, you have to submit the IELTS/TOEFL/NELT scores.

  • Pass the selection process which consists of a micro-presentation and personal interview.

For Distance MBA 

  • A graduate with 50% marks or above in any discipline from a recognised university

icfai online mba admission

Career Prospects After ICFAI Online MBA

Job Roles  Average Salary 
Financial Advisor INR 4.7 LPA
Marketing Manager INR 12.2 LPA
Global Operations Manager INR 20.5 LPA
Business Analyst INR 9.6 LPA
Entrepreneur INR 17.6 LPA
Marketing Manager INR 12.2 LPA
IT Manager INR 13.6 LPA
HR Manager INR 10.9 LPA
Market Research Analyst INR 4.3 LPA
Product Manager INR 21.2 LPA
Project Manager INR 17.3 LPA
Financial Consultant INR 6.1 LPA

Bottom Line

In essence, ICFAI University’s Online MBA programme stands as a testament to the institution’s unwavering commitment to excellence, innovation, and the holistic development of its students, making it a standout choice for those aspiring to excel in the dynamic world of management.

FAQs

Q1. Is ICFAI online MBA valid?

Yes, the ICFAI online MBA is valid and accepted in the employment sector since it is UGC-DEB recognised.

Q2.  Is ICFAI distance MBA valid?

ICFAI’s distance and online MBA both are UGC-DEB approved which means they are valid in all spheres.

Q3. What are the eligibility criteria for the ICFAI Online MBA?

You must have completed your bachelor’s degree from a recognised university with 50% or above marks. Candidates from a medium other than English have to submit a TOEFL/NELT/IELTS score.

Q4. What is the fee structure for the ICFAI Online MBA?

The full course fee for the ICFAI online MBA is INR 2,00,000 whereas, for distance mode, it is INR 80,000.

Q5. What are the placements for ICFAI Online MBA?

ICFAI helps in building a student portfolio and provides career counselling services. It also has a strong industry network.

Q6. Are there any entrance exams required for the ICFAI Online MBA?

No, you don’t need to appear for any entrance exam to enrol in ICFAI online MBA degree.


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