Jagpreet
18 December, 2023
Table of Contents
The present era has been dominated by globalisation and the revolutionary powers of the internet. Technology has also graced the field of education and learning has become more accessible and congenial in its different modes of doing degrees. One can either attend regular educational institutions or opt for an online mode of learning. And so, has been the transformation of management education.
MBA or Master of Business Administration is a two-year course with different specialisations for management aspirants. India has global-level institutions presently offering management courses. There are also Online MBA programmes and Executive MBAs that are pro-choice for professionals and students who don’t want to physically attend a university or those who wish to pursue an MBA course from an institution located anywhere in any part of the world. Convenient, flexible, and self-paced learning environments for the learners can be experienced with the Online MBA programme.
As already mentioned, India has many highly-ranked institutions offering Online MBA. ICFAI University is one such reputed university that offers an Online MBA programme with 4 different specialisations. It is a postgraduate programme divided into four semesters with a wide range of subjects to offer.
ICFAI or Indian Chartered Financial Analysts of India is one of the most reputed globally recognised institutions. The two-year Online MBA programme is open for students, professionals, and entrepreneurs seeking career growth in the area of management. Through the Center for Distance and Online Education (CDOE), the university offers one of the best Online MBA programmes for learners.
With an A++ grade by NAAC, the programme offered at ICFAI opens up tremendous learning and working opportunities for management aspirants. The learning system has been devised in such a way that promotes the holistic growth of the learners in terms of both theoretical and practical experiences.
With an updated curriculum, different electives to choose from among different specialisations, and practical work courses, the programmes set up an elaborative learning system for the students/professionals or entrepreneurs, wanting to expand their opportunities in the field of management.
| University | ICFAI |
| Mode of Education | Online MBA |
| Course duration | 2 years |
| No. of semesters | 4 semesters |
| Accreditations | – UGC – NAAC A++ – NIRF 40 – ACU |
| Specialisations offered | – Finance – Human Resource Management – IT and Operations – Marketing |
One of the key features of the Online MBA programme at ICFAI is that the university is always on its toes to keep the course and the specialisations relevant. They always revise the curriculum so that the learners stay updated with the current industry trends and help you learn the subjects in line with the recent updates. The teaching staff are also highly skilled and knowledgeable in terms of their teaching aptitude and move with the student’s pace of learning. Equipped with it, you will always have access to recorded lectures, interactive Q&A sessions, student support services, and more.
Unlike many institutions that solely rely on theoretical teachings from books, ICFAI places a strong emphasis on practical, professional training to groom students for promising job placements. Through specialised classes, students receive hands-on experiences and efficient practical exposure, opening numerous placement opportunities. The institution boasts an impressive track record of successful placements in recent years, fostering strong partnerships with renowned workplaces across various industries.
ICFAI has established a reputation by consistently delivering high-quality education over the years. The university excels not only in traditional degree programmes but also in online offerings like the MBA. ICFAI ensures that the learners encounter no distinction between online and regular degrees. In fact, the curriculum, teaching faculty, student support system, and other related provisions collectively create a real-life classroom setting, providing a convenient and flexible mode of education.
The university stands out with its adherence to the 70:20:10 learning model. This method alone ensures that the students benefit from a comprehensive learning experience.
a) 70% focus is on acquiring in-depth knowledge of job-related aspects and fundamentals of the complexities attached to it.
b) 20% emphasis on peer learning, which involves sharing of knowledge, engaging in discussions, and collaborating to generate industry-like experience.
c) The remaining 10% is related to theoretical learning where learners go through the updated curriculum, understand the theoretical knowledge, and apply it for practical applications.
As already stated, the university has been recognised by various national and international educational bodies. With such a high-class Online MBA programme offered, the university has received an A++ grade from NAAC which shows just how remarkable their online programme is for the management aspirants.
If you are interested in pursuing an Online MBA programme from ICFAI University, then the following eligibility criteria ensures that all the prerequisites are checked.
To secure admission into the Online MBA programme at ICFAI University, follow these three essential steps:
Once the fee payment has been confirmed by the university, you will receive a confirmation mail on your number or mail meaning that you have been admitted into the Online MBA programme at ICFAI.
The programme has:
| Semester I | Semester 2 |
| Management and Organization Behavior | Economics for Business |
| Quantitative Methods | Operations Management |
| Foundations of Accounting and Finance | Human Resource Management |
| Business Environment | Marketing Management |
| IT for Managers | Business Communication |
| Semester 3 | Semester 4 |
| Business Policy and Strategy | Management Control Systems |
| International Business | Business Ethics and Corporate Governance |
| Leadership and Change Management | Elective IV |
| Elective I | Elective V |
| Elective II | Elective VI |
| Elective III | Entrepreneurship Practicum OR Business Research Project |
|
Elective Options for Sem 3 |
|
| Financial Management (compulsory for those opting for Finance) | Sales and Distribution Management |
| Global Financial Markets | Recruitment, Training and Development |
| Strategic Finance and Corporate Restructuring | Performance Management and Reward Systems |
| Services Marketing | SMACS Technologies for Business |
| Strategic Marketing Management | Services Operations Management |
|
Elective Options for Sem 4 |
|
| Financial Services | Strategic Human Resource Management |
| International Finance | Organization Development |
| International Marketing | Human Resource Planning and Audit |
| Retail Management | Big Data, Cloud and Analytics |
| Integrated Marketing Communications | Supply Chain Management |
| Programme | ICFAI Online MBA |
| No. of Semesters | 4 Semesters in 2-years |
| Program Fee | INR 1,80,000/- – INR 90,000/- per year or – INR 45,000/- per semester (INR 20,000/- admission fees) |
The programme’s learning management system incorporates a variety of activities, including engagement sessions, recorded video lectures, university blogs, workbooks, digital learning materials, quizzes, and participation opportunities. These diverse exercises are designed to foster a learning environment that contributes to the holistic growth of students’ knowledge. Grounded in the five core concepts of all these exercises are to promote a learning system in students that helps them in the holistic growth of their knowledge. The five core principles are:
| Assessment Type | Weightage |
| Formative Assessment | 30% academic weightage |
| Summative Assessment | 70% academic weightage |
| Professional Fields | Roles |
| Marketing | Marketing is probably the trendiest field of work in the present hour. After your MBA, you can go for different roles like Social Media Management, PR, Advertising, Content/Audio/Video Marketing, Promotions, etc. |
| Finance and Accounting | If you are interested in learning the dynamics of the flow of money, then doing a job in the Finance sector is the best option for you. You can take on the roles of a Finance Manager, or auditor. Investment Bankers, Equity Experts, Financial Advisors, Accountants, etc. This field is also one with the highest-paying jobs. |
| IT | IT is a technical field that needs special skills and expertise to be part of. Your key duties will be working with different software, their applications, computer systems, networks, etc. You will also indulge in solving any technical errors or troubleshooting to find the best technical solutions. |
| Human Resources | If you are interested in managing things around the firm, creating a balance within different departments, catering to queries, and dissolving discrepancies in an organisation, then Human Resources will be the best industry for you to work in. You have to have a multi-faceted persona and great communication skills, especially for this domain. |
| Operations | Operations is one such lucrative field to work in after completing your MBA. Operations have vast working opportunities from supply chain management to production of goods and services to retail management to handling and storing the products. It is one of the most versatile fields with endless opportunities. |
| International Business and Entrepreneurship | With such a different and versatile curriculum that covers different scopes of management, a learner can adventure into the field of business or entrepreneurship after their Online MBA from ICFAI. During the two-year course, you will learn about international business, laws and ethics of business, entrepreneurship, etc., do project reports and work on the same, etc., and see if the domain is a suitable option for you. |
| Professional Fields | Average Annual Pay |
| Marketing | INR 3-20 lakhs |
| Finance and Accounting | INR 5-28 lakhs |
| IT | INR 5.2-35 lakhs |
| Human Resource | INR 2.5-19 lakhs |
| Operations | INR 4-24 lakhs |
| International Business and Entrepreneurship | INR 6-40 lakhs |
ICFAI University provides a plethora of prestigious placement opportunities in collaboration with top-notch companies across various industries. These partnerships offer students an ideal launchpad for their professional careers, ensuring a strong and promising start.
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.
