Day: October 21, 2024

A Detailed Look at ICFAI University’s Online MBA

A Detailed Look at ICFAI University’s Online MBA

A Detailed Look at ICFAI University’s Online MBA

MBAs are beneficial investments made by a wide range of aspirants every year. As many candidates are working professionals, pursuing a regular MBA is not possible, so here comes ICFAI University’s online MBA, which has the same syllabus and course structure as a regular MBA. ICFAI is a renowned university in India offering online MBA degrees with high-quality academic content and student support. In this blog, we will explore the key aspects of the ICFAI online program, syllabus, benefits, and more.

Introduction About ICFAI

ICFAI was established in 1984 by NJ Yasaswy and has marked its significance in the educational domain with a pan-India network and presence. It has broadly established 11 universities and 9 B-schools across India, including the ICFAI Foundation for Higher Education, which is a deemed-to-be university.  ICFAI has high-end programs to empower future generations and build their career in various industrial domains. The academic structure of ICFAI University is linked with relevant industries, offering a standard course curriculum, lectures by industry experts, seminars, etc., to make the quality of education unique and high-quality. 

The ICFAI further extends itself to the Centre for Distance and Online Education (CDOE) to offer programs in online and distance modes. The CDOE provides an interdisciplinary perspective on its online MBA degree.

About ICFAI Online MBA Course

ICFAI University’s online MBA is a two-year course that is completed in four semesters. The course is valid as the university holds major accreditations, including UGC, NAAC (A+), AIU, etc. ICFAI offers four major specialisations: Marketing, Finance, IT, and Operations. The course includes project work to develop trending business and industry knowledge. 

ICFAI offers exceptional academic support designed to help students prepare for their career prospects and learn through online learning facilities, including audiovisual learning materials, discussion sessions, recorded sessions, live lectures, case study quizzes, etc. The study format is entirely online, and ICFAI ensures that learning is straightforward and comprehensive.

ICFAI University Online MBA: Key Highlights

The key highlights are given in the table below to help you understand the ICFAI University online MBA program.

Parameters

Details

Course

Master of Business Administration (MBA)

Level of Course

Post-Graduation

Approvals and Accreditations

  1. University Grant Commission
  2. Association of Commonwealth Universities (ACU)
  3. Rated A+ by the National Assessment and Accreditation Council (NAAC)
  4. Ranked 40th by National Institutional Ranking Framework

Duration

2 Years

Mode

Online

Eligibility

  1. Candidates must have a graduation degree from a well-known university.
  2. Must have a minimum of 50% of marks

Fee Structure

  1. Application Fee- INR 1000
  2. Admission Fee- INR 20,000
  3. Full Course Fee- INR 2,00,000
  4. Per Semester Fee- INR 45,000

Learning Management System (LMS)

  1. Recorded Video Lecture
  2. Experiential Learning through Case Studies
  3. Quizzes
  4. Projects and Practicals 
  5. Discussion Sessions
  6. Digital Learning Content
  7. University Blog

Scholarship and Fee Concessions

  1. Facilities for Merit Scholarship
  2. Facilities for Fee Concession to students from military and defence backgrounds.

Accreditations and Rankings of ICFAI University

Let’s understand the accreditations and rankings of ICFAI University.

  1. ICFAI online MBA course is accredited by UGC.
  2. ICFAI University’s online MBA program is accredited by  A++ by NAAC.
  3. ICFAI MBA courses are accredited by SAQS (South Asian Quality Standards).
  4. ICFAI CDOE ( Centre for Distance Online Education) is an institutional member of AMDISA.
  5. ICFAI Distance Education is a member of the Association of CommonWealth Universities.

Why Choose Online MBA from ICFAI University?

Here are the compelling reasons provided below to help you know why choosing an online MBA from ICFAI University is significant.

  1. Mastery: The ICFAI Online MBA goes beyond concept understanding and helps you solve your problems at your workplace.

  2. Learning Formula: The learning formula provided at ICAFI University online MBA is 70:20:10. The professional putting 70% of learning makes you a trade master, whereas peer learning is 20% and 10% theory.

  3. Problem Solver: The ICFAI online MBA enables you to frame your business problems using a management framework and robust solutions.

  4. Personalised Learning: The online MBA course from ICFAI University provides personalised learning with engaging content, faculty support, and assessment to help you achieve your goals.

Benefits of Pursuing ICFAI University Online MBA Program

Briefly understand the advantages of the ICFAI University online MBA course using the key points given below.

  1. Many years of distance education experience: ICFAI has offered distance and correspondence education to students for many years, and combining this experience with the digital features of technology, ICFAI brings to students a practical learning framework which enables them to complete their postgraduate degree efficiently all in online mode without having to go for physical classes while also experiencing the same learning and education quality.

  2. No career breaks: Online MBA from ICFAI University aims to offer self-paced learning opportunities to students. This means that you don’t have to compromise your career prospects to complete the course. One can quickly complete their degree program of 2 years through self-paced learning without quitting their job.

  3. Professionally Relevant Specialisation: The specialisation offered at ICFAI is one of the courses in the world’s most demanded professions, including financial management, human resource management, marketing management, IT, and operations. These courses can help students discover careers in many professional fields.

  4. Effective LMS: The learning management system at ICFAI offers students academic support in many formats, such as audio-visual learning materials, textual learning materials, projects and case studies for practical and application-based learning, quizzes and practice exercises.

  5. Comprehensive Placement and Professional Training: ICFAI’s main vision is to prepare students for professional growth, for which they provide various facilities, such as student counselling, industry interface, online career guidance, mentorship, workshops, and industry-based learning, to foster students’ proper career guidance. This structure helps students learn how the organisation functions and gain insights about professional networks. 

The online MBA course offered at ICFAI is a brilliant choice for the student who wants to pursue a postgraduation degree as it has a valuable specialisation, good LMS and well-defined faculty that focuses both on providing practical and theory knowledge to help professionals develop relevant skills and apply in the industrial sector,

Popular Specialisations Offered at ICFAI Online MBA Courses

Here is the top specialisation offered at ICFAI online MBA Course.

  1. Finance Management
  2. Marketing Management
  3. Human Resource Management
  4. IT Management
  5. Operations Management

ICFAI Distance Education: Understanding Program Structure

Let’s briefly discuss the comprehensive program structure of ICFAI distance education.

Program Structure 

Details

Semester 1

  1. Management and Organization Behavior
  2. Business Analytics
  3. Foundations of Accounting and Finance
  4. Business Environment
  5. IT for Managers

Semester 2

  1. Economics for Business
  2. Operations Management
  3. Human Resource Management
  4. Marketing Management
  5. Business Communication

Semester 3

  1. Business Policy and Strategy
  2. International Business
  3. Leadership and Change Management
  4. Elective I
  5. Elective II
  6. Elective III

Semester 3 ( Electives Options)

  1. Financial Management (compulsory elective for those enrolling for Finance electives)
  2. Global Financial Markets
  3. Strategic Finance and Corporate Restructuring
  4. Digital Marketing
  5. Services Marketing
  6. Strategic Marketing Management
  7. Sales and Distribution Management
  8. Strategic Human Resource Management
  9. Recruitment, Training and Development
  10. Performance Management and Reward Systems
  11. SMACS Technologies for Business
  12. Services Operations Management

Semester 4

  1. Management Control Systems
  2. Business Ethics and Corporate Governance
  3. Elective IV
  4. Elective V
  5. Elective VI
  6. Entrepreneurship Practicum OR Research Project

Note: Learners can choose 3 electives from the available options.

Semester 4 (Elective Options)

  1. Financial Services
  2. International Finance
  3. Fundamentals of Fintech
  4. International Marketing
  5. Retail Management
  6. Integrated Marketing Communications
  7. Wealth Management
  8. Organization Development
  9. Human Resource Planning and Audit
  10. HR Analytics
  11. Big Data, Cloud and Analytics
  12. Supply Chain Management

Note: Learners can choose 3 electives from the given options.

Eligibility and Fee Structure of ICFAI University Online MBA

Let’s understand the eligibility criteria and fee structure of the online MBA course offered by ICFAI.

Eligibility Criteria: 

  1. Graduation in any discipline from a well-recognised university with minimum marks of 50%. 
  2. Candidates from the medium of instruction other than english have to submit the score report of TOEFL/ NELT/ IELTS, respectively.
  3. Candidates seeking admission must go through a selection process by the selection committee. The committee will later evaluate the candidate and make the final recommendation for admission.

ICFAI Online MBA Fees: Here is the ICFAI online MBA course fee structure. 

Fee Structure

Details 

Admission Fee

20,000

Tuition Fee

1,80,000

Total Course Fee

2,00,000


Payment Options: Here is a breakdown of payment options professionals can use when applying to the ICFAI online program.

 

Year Wise Fee Payment

Amount in INR

Semester-Wise Fee Payment

Amount in INR

Admission Fee

20,000

Admission Fee

20,000

Tuition Fee – 1st Year

90,000

Tuition Fee – 1st Semester

45,000

Tuition Fee – 2nd Year

90,000

Tuition Fee – 2nd Semester

45,000

  

Tuition Fee – 3rd Semester

45,000

  

Tuition Fee – 4th Semester

45,000


Please Note: The fees mentioned above are subject to change and can vary depending on the course chosen by the aspirants. 

Popular Career Opportunities After Completing an Online MBA from ICFAI University

Let’s discuss top job opportunities to consider after completing an online MBA from ICFAI University.

Job Roles 

Average Salary in INR

Marketing Manager

13,00,000

Finance Manager

15,00,000

Human Resource Manager

9,00,000

IT Manager

14,00,000

Operations Manager

10,00,000

Entrepreneur

18,00,000

Business Analyst

9,00,000

Data Analyst

8,00,000


Please Note: The salary given above is subject to change and can depend on academic background, work performance, and location.

Top Recruiters of ICFAI University Online MBA

Here is the list of top recruiters who hire online MBA graduates from ICFAI University.

  1. SBI
  2. TCS
  3. Wipro
  4. Accenture
  5. Amazon
  6. Capgemini
  7. Cognizant
  8. Cisco
  9. Dell Technologies
  10. Deloitte
  11. HCL Tech
  12. HDFC Bank
  13. Indian Oil
  14. ICICI Bank
  15. JP Morgan
  16. Kotak Mahindra Bank
  17. Muthoot Finance
  18. NTPC

Conclusion

CFAI University’s online MBA is a standard program known for its unwavering excellence, high-quality learning, flexibility, and holistic development. It ensures that students gain an industry-based understanding of the program and excel in business. Once professionals earn an online MBA degree from ICFAI, they can get a high job profile, such as Marketing Manager, Finance Manager, Human Resource Manager, IT Manager, Operations Manager, Entrepreneur, Business Analyst and Data Analyst. So why wait? Enrol today and get in-depth online learning opportunities in the comfort of your space.

For more details, contact Hike Education for free student counselling and assistance.

Frequently Asked Questions

Q1. What is the fee structure of the ICFAI Online MBA Course?

The full ICFAI online MBA fee is around INR 2,00,00; if candidates prefer to pay a semester-wise fee, it is around INR 45000, respectively.

Q.2. What are the job opportunities after completing an online MBA degree from ICFAI?

The top job opportunities to consider after completing an online MBA are:

  1. Entrepreneur
  2. Business Analyst
  3. Data Analyst 
  4. Marketing Manager
  5. Finance Manager
  6. Human Resource Manager
  7. IT Manager
  8. Operations Manager

Q3. Is ICFAI distance MBA valid?

Indeed. ICFAI’s distance and online MBA is approved by UGC-DEB, which means it offers quality education and is valid across all around.

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    Online MCA: Fees, Colleges, Jobs, and Salary – Complete Guide

    Online MCA: Fees, Colleges, Jobs, and Salary – Complete Guide

    Online MCA: Fees, Colleges, Jobs, and Salary – Complete Guide

    Education is not left behind when the world is changing very fast. Many are interested in flexible learning options, and working professionals especially prefer online MCA, which has become a popular choice.

    Online MCA provides an easy learning experience to upgrade knowledge as well as the prospects of career advancement in computer science without physically appearing at classes. This guide will seriously cover all the aspects of Online MCA, including the online MCA fees, the top online MCA colleges, job opportunities, and the salary trends.

    Introduction to Online MCA

    An online MCA is also a postgraduate program meant to be more comprehensive in computer applications, software development, and IT management. A traditional MCA program compels the student to attend classes in the physical school premises, whereas an Online MCA lets you learn at your own pace and from the comfort of your home.

    Specifically, working professionals will greatly benefit from this flexibility, as they can now upgrade their skills without having to leave their jobs.

    Therefore, it is a highly valued qualification amid growing industry demand for technology professionals in the IT and finance sectors, healthcare, and e-commerce.

    Apart from technical skills, the program sharpens problem-solving ability and managerial skills imparted through programming, software development, and database management.

    Why Online MCA?

    There are many advantages to choosing an Online MCA program. Here are a few reasons why studying this degree online would be the perfect decision for you:

    1. Flexibility: The one major benefit of an Online MCA is flexibility. One can study at one’s convenience, for example, anywhere and at any time, making it suitable for working professionals or students with busy schedules.

    2. Affordability: The MCA provided by Online is much cheaper than its version offered on campus-based sites. You also save accommodation, transportation, and other incidental expenses.

    3. Career Building: An online MCA will allow you to get more significant milestones in your existing career or shift your career to a new one in IT, software development, or data science.

    4. Accessibility: Such courses are accessible to the students of the entire country. It is, therefore, an excellent option for people staying far, far away from where on-campus colleges are not feasible for geographical reasons.

    Online MCA: Curriculum Details

    The courses offered in the Online MCA Program are,

    1. Programming Languages (C, C++, Java, Python, etc.)
    2. Database Management Systems (DBMS)
    3. Operating Systems
    4. Web Development
    5. Software Engineering
    6. Artificial Intelligence and Machine Learning
    7. Data Science and Analytics
    8. Mobile Computing
    9. Cloud Computing

    The duration of an Online MCA program is usually two to three years, but it may vary with the university and the speed at which the student can achieve the goal. Keeping in mind industry standards, the curriculum has been duly prepared and continuously updated to cope with the latest technological discoveries.

    Eligibility of Online MCA

    If you want to join Online MCA, then you must satisfy the following general eligibility criteria:

    1. Bachelor’s Degree: IT or related fields from any recognised university. Some colleges also welcome candidates from non-IT backgrounds who have studied mathematics or statistics in their 12th standard or graduation.

    2. Entrance Exam: Sometimes, universities require students to pass an entrance exam, such as the MCA entrance test or national exams like NIMCET.

    3. Work Experience: Some colleges for work professionals waive off entrance exams considering your work experience.

    Online MCA Fees in India

    Cost is one of the main motivators for pursuing an Online MCA. Fees for an Online MCA are different for each student depending on the universities they have selected. Generally, the whole fee for an online MCA in India ranges from INR 50,000 to INR 2,50,000.

    It depends on several factors, including the university’s reputation, mode of delivery, and other services like career counselling and placement assistance or access to learning resources.

    Let’s look at some average Online MCA fees in different types of institutions:

    Type of Institution

    Average Online MCA Fees

    Private Universities

    INR 1,00,000 – INR 2,50,000

    State Universities

    INR 50,000 – INR 1,50,000

    Central Government Institutions

    INR 60,000 – INR 1,75,000

    Deemed Universities

    INR 1,20,000 – INR 2,00,000


    In addition to tuition fees, there might be additional costs for study materials, exam fees, and other services like online tutorials and placement assistance.

    Top Online MCA Colleges in India

    India is home to several prestigious institutions offering Online MCA programs. These universities provide quality education, recognised degrees, and good placement opportunities.

    Here is a list of some of the top online MCA colleges in India, along with their respective Online MCA fees: 

    College/University Name

    Average Online MCA Fees

    Mode of Learning

    Placement Assistance

    IGNOU (Indira Gandhi National Open University)

    INR 72,000 – INR 1,20,000

    Online/Distance

    Yes

    Amity University

    INR 1,20,000 – INR 2,00,000

    Online

    Yes

    Jain University

    INR 1,50,000 – INR 2,00,000

    Online

    Yes

    Manipal University

    INR 2,00,000 – INR 2,50,000

    Online

    Yes

    Sikkim Manipal University

    INR 70,000 – INR 1,40,000

    Online/Distance

    Yes

    Chandigarh University

    INR 1,00,000 – INR 1,80,000

    Online

    Yes

    Lovely Professional University (LPU)

    INR 1,20,000 – INR 2,00,000

    Online

    Yes

    Annamalai University

    INR 50,000 – INR 1,00,000

    Online/Distance

    Yes


    These universities offer structured learning programs that cater to students and professionals alike. The curriculum is designed to be industry-relevant, helping students acquire both theoretical and practical knowledge.

    1. IGNOU (Indira Gandhi National Open University)

    IGNOU is among the most opted options for distance and online education. It offers a well-framed Online MCA course with low fees. IGNOU is a central government institute that provides high-quality education and is acceptable throughout India.

    2. Amity University
    Amity University offers a wide range of Online MCA, focusing on contemporary technologies like AI and data analytics. The university provides excellent placement support and has good contacts with leading IT companies.


    3. Jain University
    Jain University is quite famous for its quality online courses and effective faculty. The Online MCA program is designed specifically for the needs of the IT industry and provides total placement support to all students.


    4. Manipal University
    Manipal University has some of the most popular online MCA programs in India. The university is quite famous because the subject matter focuses on practical and industry-oriented courses.

    As such, it is a great choice for students who wish to enhance their technical skills.

    Scope of Online MCA in India and Abroad

    The scope of the Online MCA is very large in the world, including India. Due to the high demand in this IT sector, skilled professionals are required for software development, banking, healthcare, education, and commerce. Various positions that online MCA graduates can handle in their careers include:

    1. Software Developers
    2. Data Analysts
    3. Cybersecurity Experts
    4. IT Consultants
    5. Mobile App Developers
    6. Cloud Computing Specialists

    Internationally, MCA graduates are also sought after in countries like the US, UK, Canada, and Australia, where industries seek IT professionals with advanced skills in artificial intelligence, data science, and software engineering. An Online MCA opens doors to global career opportunities.

    Benefits of An Online MCA for Working Professionals

    An Online MCA is well suited for working people who desire to upgrade their careers without leaving their existing jobs. Major benefits include the following:

    1. Career Development: The Online MCA will facilitate better preparation that makes you eligible for better responsibilities or managerial roles.

    2. Flexibility of Time: These students can study at their convenience, which will be helpful with the nitty-gritty of their current work and personal lives.

    3. Low Cost-Effective Online MCA: The fees for an online MCA are less than those for a full-time version of the course. You also save on travelling or relocation costs.

    4. Contemporary Industry Skills: The best thing about online MCA colleges is that most of them now update their courses to the trends prevailing in the industry. Thus, you get relevant knowledge in your discipline.

    Career Opportunities and Jobs after Online MCA

    An online MCA can help you get ample opportunities through various sectors such as IT, software development, banking, healthcare, education, and many others. The most common job roles for MCA graduates include the following:

    1. Software Developer

    Software developers design, code, test, and maintain software systems. This involves strong programming skills and an understanding of different software development methodologies.

    Salary: INR 4,00,000 to INR 10,00,000 per year depending on experience

    2. Web Developer

    Web developers design and develop web pages and applications using languages like HTML, CSS, and JavaScript. They also use back-end languages like PHP, Python, or Ruby.

    Salary: INR 3,50,000 to INR 8,00,000 per year

    3. Database Administrator

    Database administrators handle database systems. They manage the integrity, performance, and security of databases.

    Salary: INR 5,00,000 to INR 12,00,000 per year

    4. Systems Analyst:

    A systems analyst studies and improves existing IT systems to serve business needs. This role demands technical knowledge along with business insight.

    Salary Range: INR 6,00,000 to INR 15,00,000 per annum

    5. IT Consultant

    IT consultants provide strategic consulting to companies on how to leverage IT systems to achieve their business objectives. The role demands proficiency in both technology and management.

    Salary Range: INR 7,00,000 to INR 20,00,000 per annum

    6. Data Scientist

    Data scientists process large data sets for businesses to gain actionable insights. The occupation is gaining increasing demand, especially in financial services, health care, and e-commerce.

    Salary Range: INR 10,00,000 to INR 25,00,000 per annum

    7. Mobile Application Developer

    Mobile app developers design and develop mobile applications using programming languages such as Java, Swift, or Kotlin.

    Salary Range: INR 4,50,000 to INR 12,00,000 per annum

    8. Cloud Solutions Architect

    Cloud solutions architects design solutions using a cloud computing platform for business applications. Technical know-how of platforms like AWS, Microsoft Azure, and Google Cloud.

    Income Range: ₹12,00,000 to ₹30,00,000 per year. 

    Salary Trends for Online MCA Graduates

    The salary of an Online MCA graduate in India is generally determined by the level of experience, industry exposure, and job. However, MCA graduates may expect competitive salaries, especially from IT and related industries.

    Here is an overview of the average salaries for various job roles for Online MCA graduates:

    Job Role

    Average Salary (per annum)

    Software Developer

    INR 4,00,000 – INR 10,00,000

    Web Developer

    INR 3,50,000 – INR 8,00,000

    Database Administrator

    INR 5,00,000 – INR 12,00,000

    Systems Analyst

    INR 6,00,000 – INR 15,00,000

    IT Consultant

    INR 7,00,000 – INR 20,00,000

    Data Scientist

    INR 10,00,000 – INR 25,00,000

    Mobile Application Developer

    INR 4,50,000 – INR 12,00,000

    Cloud Solutions Architect

    INR 12,00,000 – INR 30,00,000

    Factors Influencing Salary:

    1. Experience: Experienced professionals earn much more than the freshers

    2. Skills: Having mastery over in-demand skills like data science, cloud computing, or AI can be paid more

    3. Location: The cost of living is high, and the demand for skilled people is also high in metropolitan cities like Bangalore, Mumbai, and Delhi, so they can get a better salary package

    4. Industry: MCA graduates generally earn much better salaries in the IT, finance, healthcare, and e-commerce industries.

    Is Online MCA Worth It?

    If you want flexibility, affordability, and a chance for an overall prosperous career in IT and computer applications, pursuing an Online MCA is worth it. The benefits of this program to working professionals lie in flexibility in work and study without losing the chance of getting useful skills.

    Fees for online MCA programs are always less than those for traditional on-campus programs, and scholarships and EMI make them accessible to the mass population. Furthermore, some prominent universities also offer accredited online MCA colleges, so the question of reputation is gradually rising.

    In addition, job opportunities are excellent after completing an Online MCA, especially in the IT industry. The demand for quality professional workers is always high in this sector.

    Conclusion

    Pursuing an Online MCA can be the right decision for fresh graduates and working professionals who wish to add an extra flavour to IT careers, as this will be the future.

    Affordable Online MCA fees and top online MCA colleges with excellent job prospects make this degree enable you to rise in a technology-driven world. Whether switching over a job, seeking a promotion, or simply increasing your technical skills, an Online MCA might just be what you require.

    Frequently Asked Questions

    Q1. What is the eligibility for an Online MCA?

    You will need a degree in computer science, IT, or any other related field to apply for an Online MCA. A few universities may consider non-IT graduates if they have studied mathematics or statistics in their 12th or graduation.

    Q.2. What will be the average fees for the Online MCA?

     The average fees for online MCA will vary from INR 50,000 to INR 2,50,000 depending on the type of university and program structure.

    Q3. Can one do an MCA Online while working?

     Online MCA is structured with flexibility for working professionals who can study at their own pace alongside their jobs.

    Q4. Is an Online MCA degree valid and recognised in India?

    Yes, Online MCA degrees from UGC-approved universities are valid and recognised by employers in India.

    Q5. What are my chances of getting jobs after completing an Online MCA?

     Online MCA graduates can work as software developers, data scientists, IT consultants, and web developers among many other positions. The online MCA program students are compensated by high pay based on their skills and competencies.

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