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Jagpreet
17 September, 2024
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Various research shows that 49% of students on a global level have completed some sort of online learning programme. The industry is expected to reach $370 billion by 2026 globally.
Although remote learning opportunities have existed for a long time, they only gained 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 online degree which 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 course 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.
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.
UGC-Entitled
NAAC A++
AICTE Approved
AACSB
ACU
SAQS
39th NIRF Rank 2024 (Management Category)
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.
| Course Name | • Online MBA • Distance MBA |
| Course Duration | Min 2 years (can be extended up to 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 39th Rank (management category) |
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.
As the facilities for online and distance MBA programmes are different, the fee structure also differs. Here’s a glimpse of the online MBA fee structure at ICFAI:
| Programme Fee | INR 1,80,000 |
| Admission Fee | INR 20,000 |
| Total Fee | INR 2,00,000 |
| Admission Fee | INR 10,000 |
| Total Course Fee (including admission fee) | INR 82,000 (if paid semester wise) INR 80,000 (if paid annually) |
| Exam Fee (per subject) | INR 500 |
| Project Work | INR 1,000 |
You can pay the fee through credit card/debit card/internet banking or bank demand draft. Scholarships for ICFAI Online MBA Students With the aim of encouraging meritorious, ICFAI offers exclusive scholarship opportunities to deserving candidates.
Those of you who are currently in service or are retired are eligible for this scholarship. Even the spouses and children of defence personnel can avail of this benefit. Under this, the semester fee will be adjusted according to the scholarship amount.
Based on your past academic records including class 12th and graduation percentage. Apart from this, those of you who score highest in the formative assessment and semester-wise performance (based on CGPA).
| Semester 1 | Semester 2 |
| Management and Organisational Behaviour Business Analytics Foundations of Accounting and Finance Business Environment IT for Manager | Economics for Business Operations Management Human Resource Management Marketing Management Business Communication |
| Semester 3 | Semester 4 |
| Business Policy and Strategy International Business Leadership and Change Management Elective I Elective II Elective III | Management Control Systems Business Ethics and Corporate Governance Elective IV Elective V Elective VI Entrepreneurship Practicum or Research Project |
| Elective Options | |
| Semester 3 | Semester 4 |
| 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 | 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 has an eLearning online platform which provides access to multi-format content. It is a collaboration between teachers and students that features discussion forums, blogs, virtual sessions, and chats. Here are some of the learning objects you get:
Concept Video
Case Video
PEP Video
Workout Videos
Course Intro Videos
Faculty Video Lectures
Glossary
Engaging Exercise
Blog
Live Sessions
eLearning Material
Case Book:
PEP Notes
Work Book
Bullet Notes
In the ICFAI online MBA programme, you will be evaluated through formative and semester-end examinations. The formative assessment carries 30% weightage and final semester exams carry 70% weightage. All the exams in this course will be conducted online only. To get the degree, you must complete the evaluation criteria of all the subjects in a maximum of four years. The minimum CGPA required in 5.5 for the award of a degree.
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 University has a vast industry network which facilitates career services elements for online MBA students. There are student clubs, career counselling services, an industry interface, mentorship sessions, and a personal development plan. Based on the insights of your profile and performance, you will be given regular feedback along with counselling.
Bajaj Capital
Bharti Airtel Services
Capital First
Coffee Day Global
CRISIL
Edelweiss Financial Services
HDFC Bank
ICICI Bank
Infoedge India
Pantaloons Fashion
Tech Mahindra
| Job Roles | Average Salary |
| Financial Advisor | INR 4.7 LPA |
| Marketing Manager | INR 12.6 LPA |
| Global Operations Manager | INR 20.7 LPA |
| Business Analyst | INR 9.7 LPA |
| Entrepreneur | INR 18.6 LPA |
| IT Manager | INR 13.8 LPA |
| HR Manager | INR 11 LPA |
| Market Research Analyst | INR 4.3 LPA |
| Product Manager | INR 21.6 LPA |
| Project Manager | INR 17.4 LPA |
| Financial Manager | INR 17 LPA |
| Investment Banker | INR 16.5 LPA |
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.
Yes, the ICFAI online MBA is valid and accepted in the employment sector since it is recognised by UGC-DEB.
ICFAI’s distance and online MBA both are UGC-DEB approved which means they are valid in all spheres.
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.
The full course fee for the ICFAI online MBA is INR 2,00,000 whereas, for distance mode, it is INR 80,000.
ICFAI helps in building a student portfolio and provides career counselling services. It also has a strong industry network.
No, you don’t need to appear for any entrance exam to enrol in ICFAI online MBA degree.
ICFAI is highly recognised for its MBA programme in online, offline and distance education modes.
Yes, ICFAI accepts CAT scores for its offline MBA course.
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