Is an MBA from ICFAI University Worth It? 2024 Edition

Whether you are a fresh graduate, a mid-career professional or someone who wishes to switch careers, an MBA programme will have everything for you. Owing to the countless benefits of MBA courses, every year a flock of aspiring candidates enrol in this programme across the country. The initial phase of this journey is filled with dilemmas and the overwhelming feelings of choosing the right MBA college. In India, there are a number of business schools offering MBA courses. It is important for you to diligently research and choose the best fit for your career goals. The MBA college should have a good reputation, the necessary approvals, an excellent placement record, experienced faculty and a strong industry network. This is something everyone should look for. Additionally, affordability and curriculum are also important factors but this varies significantly as per the candidate’s personal choice.

Based on the various parameters, ICFAI University is a well-reputed name for management education in India. If you are planning for an MBA, ICFAI is a great option. Why? Let’s see whether an MBA from ICFAI is worth it in this blog.

ICFAI University Overview

With a history of 35 years of achieving excellence in quality education, the not-for-profit ICFAI University was established in 1984 and to date has started 11 universities across India. This deemed-to–be university has a comprehensive and student-centric learning approach. ICFAI is known for its multi-disciplinary education in management, law and science and technology. The institution is a member of the Association of Indian Universities (AIU) and the Association of Commonwealth Universities (ACU). In the NIRF Management Ranking 2023, ICFAI stood at the 40th position reflecting the quality of its MBA curriculum. From case-based teaching pedagogy and personalised mentorship to placement support, MBA at ICFAI has many things to offer which might suit your preference.

Let’s review the ICFAI MBA in detail in the next section.

Parameters Which Makes MBA from ICFAI Worth It?

While choosing an MBA college you should make a checklist to evaluate every aspect of the university thoroughly. MBA is a huge investment so the return on investment should also be good. National and international approvals, study mode, curriculum, career support, fee structure and other such factors are necessary to review.

Accreditations & Ranking:

The ICFAI Business School is NAAC A++ accredited and is among the first B-Schools graded by CRISIL at the state and national levels. Apart from this, ICFAI has added the following laurels to its name:

• UGC

• AICTE

• SAQS

• AACSB

• WCRC

• EFMD Affiliation

• PRME Member

• NAAC

• CRISIL

MBA for Everyone:

In view of the different needs of the students, ICFAI offers MBA courses in different formats. There is a programme for regular students, a specialised MBA for working professionals, an MBA with weekend classes, and an online MBA. The fee structure for each one of these will be different, so you can choose the format as per your convenience and financial capacity.

Fee Structure:

The fee structure varies as per the study format and ICFAI campus you choose. Here we have provided the fee structure of a few ICFAI campuses.

*Please note that the fee structure is subject to change at the discretion of the university. The above-mentioned is the latest figure available on the official website.

Wide Range of Electives:

The MBA curriculum is not only beneficial to providing management education, it also helps streamline your career in a particular niche. At ICFAI, you have the option to tailor your degree as per your career goals such as finance, HR, Marketing, Operations and IT, Economics and Healthcare Management.

Case-based Learning:

The programme structure follows the case-study learning methodology which focuses on gaining practical skills. The teaching faculty has rich industry experience which brings a wider perspective to the class.

Placement Opportunities:

ICFAI University has a Career Management Center whose role is to build strong relations with companies and thus, provide career assistance to students. The career management faculty conducts personality development workshops, career counselling and assistance in grabbing summer internship opportunities.

Top Recruiters at ICFAI Campuses

• Nestle

• Arrows Group

• Wipro

• Amul

• Google

• Oracle

• HSBC

• PwC

• Vedanta

• Altor

• ITC Hotels

• Aditya Birla Group

• L&T

Bottom Line

After evaluating the MBA programme of ICFAI University on various factors you can see the benefits you get. Moving ahead you can compare and contrast different universities to reach a conclusive decision. It would be better if you identify your goals and requirements before searching for the answer to the question, “whether an MBA from ICFAI is worth it?”