ICFAI Distance Education MBA Courses Admission Fee

Introduction to ICFAI University

icfai university distance education

ICFAI is one of the most recognized and deemed private universities empowering quality education in professional fields.

It was established in 1984 for serving world class education in the Indian education field with a Pan Indian network.

It has successfully introduced the chain of Indian Business Schools (IBS) since 1995 across India.

ICFAI group has three major modes - the Flexible learning programme (Distance Mode), ICFAI Business School and the ICFAI University.

The main agenda behind their education system is that they support learning more than just teaching casually.

Their learning area covers almost all major professional topics followed by development of agricultural economics, banking, health policies, intellectual property right and environmental sustainability.

The main agenda of ICFAI educational programs is to sustain and improve the quality of Indian Education for the betterment of our society.

If we talk about today's scenario, then it is highly competitive and advance. This advancement needs meticulous focus of students so that they can develop their skill and earn other world best opportunities for their career growth.

The benefit of doing MBA with ICFAI is that it will develop your personal credentials by improving your performance, increase your moral values and build your confidence.

Master of Business Administration (MBA)

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ICFAI Flexible Learning programme includes distance professional learning programmes.

ICFAI distance learning mode MBA programme includes knowledge and understanding in different aspects of management like human recourse, finance, marketing and operation management.

This programme is good for working professionals who want to enhance their career in this 21st century.

ICFAI MBA distance learning mode is planned in a proper strategic way so that learners can get all the required and essential information in regards to business development.

The learning also includes Indian and global case studies for enhancing the skills and techniques of students.

ICFAI University offers 2 years distance education programme with the following electives.

  • MBA Finance
  • MBA Marketing
  • MBA Human Resource Management
  • MBA Telecom Management
  • MBA Hospital Administration
  • MBA Pharma Management
  • MBA Strategic Finance
  • MBA Risk Management
  • MBA Retail Management
  • MBA Operations
  • MBA Global Markets
  • MBA Healthcare Management
  • MBA IT & Systems
  • MBA Innovation Management
  • MBA International Business
  • MBA Investment Management
Module I Module II Module III Module IV
Principle of ManagementMarketing ManagementElective IBusiness Policy & Strategy
Business Comm. & soft skillHR & ManagementElective IIInternational Business
Organizational BehaviourAccounting & FinanceElective IIIManagement control system
Economics ManagersIT & SystemsElective IVLeadership & change management
Business Environment & LawProject & Operation ManagementElective VEthics & Governance

The complete MBA programme has 20 subjects divided into 4 modules. Students are required to complete 2 modules in one year.

​In the 3rd modules, students can pick an elective from the 16 electives available (see the list above).

The complete distance education MBA programme is based on self-study and examinations.

The University provides prescribed books to students. These books are specially designed for the self-study purpose.

What Certification students will get after completion of each module?

Certification On Completion
Certificate of Business BasicModule I
Diploma In ManagementModule I & II
PG Diploma in respective disciplineModule I, II & III
Master of Business Administration DegreeModule I, II, III & IV

ICFAI Flexible MBA course is best suitable for working professionals.

For achieving the best in higher studies, students have to develop a unique forum of studying.

Those who study in schools or colleges, have full time to give to their studies, but in case of working professionals, studying pattern is different. They need to have proper time management and notes.

The plus point of such practitioners is that they can use their real life experience knowledge in learning. Moreover, they have good visualization which enhance their learning experience.

As per the survey of Graduate Management Admission Council, somewhere around 64 to 65 per cent of MBA Post Graduates use their PG degrees to change their career. Other MBA graduates can make their career as:

  • Business analyst or strategist
  • Entrepreneur/founder
  • Financial analyst
  • Management consultant
  • Portfolio manager
  • Project, product, or program manager
  • Director (of a department)
  • Marketing associate, analyst, or manager
  • Operations analyst, associate, or manager
  • Business development analyst, associate, or manager

Eligibility Criteria

Graduate from any discipline can apply for MBA Distance Education. The course duration is of 2 years and the medium of instruction will be English.

All MBA aspirants need to complete their programme within a period of four years from the date of enrollment.

In case if someone is unable to complete his/her exam within the given duration but keen to continue the programme, they need to register again by paying the requisite fee.

Self-study is very much important and this particular programme is entirely based on self-study, although counselling classes are also organised for the betterment of learning.

The university is responsible for providing prescribed books and study material specially designed for the programme.

Fee Structure

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Module wise fee Payment

Particulars Amount in Rupees
Admission Fee5,000
Programme Fee - Module I19,000
Total24,000
Lump-sum Payment24,000
EMI Facility
Initial Payment (by Demand Draft/ Credit Card)10,000
Balance amount to be paid through EMI (including bank charges) by post-dated cheques4,850
Number of EMI's3

Full Fee payment

Particulars Amount in Rupee
Admission Fee5,000
Programme Fee - Module I58,000
Total63,000
Lump-sum Payment63,000
EMI Facility
Initial Payment (by Demand Draft/ Credit Card)10,000
Balance amount to be paid through EMI (including bank charges) by post-dated cheques3,850
Number of EMI's16

NOTE: The refund policy of ICFAI MBA Distance Programme says that in case after enrolment a student wants to withdraw from respective programme then deduction will be done before refunding any amount. Deduction includes the cost of courseware supplies and admission fee. After 30 days of enrolment, no request for withdrawal will be entertained and no refund will be given to the candidate.

Examination & Test Centers

Using the online facility students can register themselves for each subject for their Computer Based Test (CBT).

As the examination pattern of ICFAI MBA Distance Education is completely computerized, so examination is also offered through computer based tests.

Students who appear in MBA professional programme, must make sure that they do not get any backlogs in any of the modules as they cannot appear for backlog exams in subsequent examination ( they are not suppose to give backlog exam of module I in module III). Therefore, they have to have a clear backlog status in a particular module.

The examination pattern of MBA programme is divided into four modules (Module I, Module II, Module III, and Module IV).

Question paper format includes Multiple Choice Questions (MCQs), CBT pattern. Every year ICFAI conducts MBA exams four times in the month of January, April, July and October. On www.iusikkim.edu.in/dlp, students can get the details of all CBT exam centers.

As per their convenience students can select their exam centers and time slot, and register themselves for their examination.