ICFAI Distance Education MMS Programme


icfai university distance education

ICFAI (Institute of Chartered Financial Analysts of India) is a non-profit organization that focuses on the development of education pattern in India.

ICFAI was established in 1984 with the aim of empowering healthy and excellent education for improving the quality of our society. In 1995, ICFAI had introduced ICFAI Business School at 8 different locations in India.

IBS offers two-year Post Graduation Programs in Management with multiple specializations. Out of all the business schools of ICFAI, IBS Hyderabad is ranked amongst the top ten B schools.

The main agenda behind their education system is that they support learning in a comprehensive manner, rather than just teaching casually.

ICFAI has sponsored 11 private universities in different states in Pan India. States and cities where ICFAI Universities are located are Hyderabad, Dehradun, Jaipur, Nagaland, Raipur, Tripura, Sikkim, HP and Mizoram.

It has a very wide vision of spreading Research and Teaching Universities Pan India.

They aimed at delivering quality education through multiple educational programs.

They are responsible for contributing in several ways as they create employment for teaching, non-teaching staff, placement opportunities, bring quality higher education to the doorstep, and merit based admission.

Courses Offered By ICFAI

PG Degree Programs offered by ICFAI

  • MMS (Master of Management Studies)
  • MBA
  • Executive MBA
  • MBA Specialization (Finance & Marketing, Human Resource, Operations Management & more)
  • MBA Telecom Management
  • MBA Hospital Administration
  • MBA Pharma Management

PG Diploma Programs

  • Talent Management
  • Innovation Management
  • Derivative & Risk Management
  • Investment Management
  • Retail Management
  • International Business
  • Global Finance Markets

Certificate Programs

  • Investment Management
  • Risk management
  • Information Systems
  • BPM
  • Technology Marketing
  • E- Business and many  others

Master of Management Studies (MMS)

Masters of Management Studies (MMS) is a master’s degree awarded to students who complete their course within a set duration of course.

The MMS program structure and course is similar to the Master of Business Administration, MA & Master of Science in Management.

ICFAI offers Masters in Management Studies program in flexible mode and the program focuses on the understanding of different aspects of management like Human Resource, Marketing, Operations Management, Marketing Management and Entrepreneurship Development.

They prepare the students in a strategic and skilled way.

The program gives the complete knowledge about essential skills and steps required for being a master in management.

Later these skills and knowledge becomes a tool for students in real time experiences in companies.

In today's scenario, companies do not only want managers but look for highly skilled and innovative individuals who can prove to be impactful leaders as well.

Masters in Management Studies program in ICFAI is of 2 years of duration in a flexible mode.

From career aspects, doing MMS program will give weightage to a student’s CV.

This course is good for working professional for improving their skills and knowledge in their respective fields, as it will help them in achieving better positions in their career.

ICFAI MMS Eligibility Criteria

Graduates from any discipline can apply for Masters in Management Studies (MMS).

The course duration will be of 2 years and the medium of instruction will be English only.

Students enrolled in MMS Program will have to complete their course within a period of four years from the date of their enrollment.

If a student fails in completing his/her course within a given duration then they can re-apply for it. Such students need to register afresh by paying the required fee. 

Students will get proper self-study material from the University for MMS program.

Considering the busy schedule of students, the university prepare their study material accordingly. They also organize counselling classes for the benefit of students.

ICFAI MMS Fee Structure


Amount in Rupee

Admission Fee


Programme Fee – Module I




Lump-sum Payment


EMI Facility


Initial Payment (by Demand Draft/ Credit Card)


Balance amount to be paid through EMI (including bank charges) by post-dated cheques


Number of EMI’s


If any student wants to withdraw from a respective program then his/her fee will be refunded after deducting courseware and admission fee. The refund policy includes that no refund request will be entertained after 30 days of enrolment and no fee will be get refunded to such candidates.

ICFAI MMS Admission Procedure

For enrolling in MMS Program students can login at www.iusikkim.in/dlp.

From here they can fill their registration form and make online payment.

Students can use credit cards issued by HDFC, ICICI Bank for payment.

Customers of ICICI Bank, Axis Bank, South Indian Bank, Indian Overseas Bank, Yes Bank, Federal Bank, etc. can use net banking process for payment.

ICFAI MMS Program Structure

Module I

Module II

 Module III

Module IV

Management & Org. Behaviour

Business Environment

Business Process Management

Management Control System

Quantitative Method

Human Resources Management

Optional Subject 1

Business Ethics & Corporate

IT for Managers

Operation Management

Optional Subject 2


Business environment & Law

Marketing Management

Optional Subject 3

Entrepreneurship Development

Foundations of Accounting & Finance

Business Communication

Optional Subject 4

Optional Subject 5

Economics for Business

Project & Operation Management

Optional Subject 5

Optional Subject 6



Optional Subject 6

Live project

Live Projects are the projects in which students have to complete their projects only by visiting a company. They have to prepare a 30 page report by acquiring, collecting and analysing data from their real time experience in the company. 


The following certificates will be awarded to the students who will complete their diploma or degree program successfully.

The following certificates are issued by IFHE, Hyderabad.


Module Completion

Certificate in Management Basics

Module I

Diploma in Management Studies

Module II

PG Diploma in respective discipline

Module III

Mater of Management Studies Degree

Module I, II, II & IV

Examination Pattern of ICFAI MMS program

For all four modules papers (All subjects) the question paper format contains MCQ and CBT pattern questions.

Exam test centers and timing will be displayed during the registration process.

Students can get more details from the university link. Students can select their test center location and time as per their convenience and register for examination.

Students who are appearing in MMS programme must make sure that they do not get any backlogs in any of the modules.

This is because they won’t be able to appear for backlog exams in subsequent examination (they are not supposed to give backlog exams of module I in module III).

Therefore, they must have a clear backlog status for every particular module.

Every year ICFAI conducts MBA exams four times in the month of January, April, July and October. If a student secures D or E grade in any of the subjects then he/she will have to re appear for that exam.

For successful completion, students have to gain at least C grade. Grades will be defined as:

  • A – Excellent
  • B – Very Good
  • C – Good
  • D – Unsatisfactory
  • E – Poor