Introduction to ICFAI University
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.
ICFAI Distance Education MBA Summary
| University Name | ICFAI University |
| Year of Establishment | 1984 |
| Headquarter | Hyderabad |
| Course Name | Master of Business Administration |
| Approval | UGC-DEB |
| Mode of Study | Online |
| Medium of Instruction | English |
| Minimum Duration | 2 Years |
| Maximum Duration | 4 Years |
| Eligibility | Graduation in Any Discipline |
| Specializations Offered | 5 |
| Fee | INR 2,00,000/- |
| EMI Facility | Available |
| Program Structure | MBA Program consists 22 courses with 15 core courses, 6 elective options |
| Admission Cycle | Admissions are open throughout the year |
| Medium of Study | Online |
| Examination Schedule | January, April, July and October |
About ICFAI Online Master of Business Administration (MBA)
ICFAI offers a two-year fully online MBA program for fresh graduates, working professionals, and entrepreneurs who want to take their career to the next level in the field of business management.
With the swift change in technologies used to manage business, it has become more challenging for businesses to stay competitive in the market.
The ICFAI online MBA program helps professionals to fill the skill-gap with the relevant knowledge that is needed to run a business effectively.
ICFAI Online 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 (Online) 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.
- Online MBA in Finance
- Online MBA in Marketing
- Online MBA in Human Resource Management
- Online MBA in Operations
- Online MBA in IT
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.
Course Structure
There are total 22 subjects in ICFAI Online MBA program. This consist of 15 core courses, 6 elective options.
Semester 1 |
Management and Organization Behavior Business Analytics Foundations of Accounting and Finance Business Environment IT for Managers |
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 |
What Certification students will get after completion of each module?
| Certification | On Completion |
| Certificate of Business Basic | Module I |
| Diploma In Management | Module I & II |
| PG Diploma in respective discipline | Module I, II & III |
| Master of Business Administration Degree | Module 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
Module wise fee Payment
| Particulars | Amount in Rupees |
| Admission Fee | 5,000 |
| Programme Fee - Module I | 20,000 |
| Total | 25,000 |
| Lump-sum Payment | 25,000 |
| EMI Facility | |
| Initial Payment (by Demand Draft/ Credit Card) | 10,000 |
| Balance amount to be paid through EMI (including bank charges) by post-dated cheques | 5200 |
| Number of EMI's | 3 |
Full Fee payment
| Particulars | Amount in Rupee |
| Admission Fee | 5,000 |
| Programme Fee - Module I | 60,000 |
| Total | 65,000 |
| Lump-sum Payment | 65,000 |
| EMI Facility | |
| Initial Payment (by Demand Draft/ Credit Card) | 10,000 |
| Balance amount to be paid through EMI (including bank charges) by post-dated cheques | 3,950 |
| Number of EMI's | 16 |
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.