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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