MBA in Banking and Finance 

offered by IGNOU

Yes, IGNOU also offers a two-year MBA programme in General, Banking & Finance, Financial Management, HRM, Marketing Management and Operations Management specialisations. Up until past years, i.e., 2021, IGNOU MBA admission was subject to valid scores obtained by the students in the IGNOU OPENMAT exam. However, for 2023 admission, OPENMAT was not conducted for the January and July sessions. Admission is now being granted on a merit-basis. The programme is offered with English as a medium of instruction and applications for the same can be submitted online on the official website. 

The total tuition fee for MBA at IGNOU ranges between INR 6,300 and INR 68,000. This fee is sourced from the sanctioning body/official website. It is however, still subject to changes and hence, is indicative. For more details, students can confirm the fee from the admission office. Apart from this, a non-refundable registration fee of INR 300 (unless specified otherwise) shall be charged along with the programme fee of first semester/year at the time of admission. 

Yes, as per the details collated from various sources on the internet, the degree from IGNOU University is valid and acceptable in overseas and foreign countries with ease. Also, an MBA degree holder can get a job of as a Team Lead or go for a profile with managerial responsibility for any company or department. A manager’s job profile broadly includes planning, strategising, execution, leading the team, liaison with clients, coordinating with other departments, delegation of work and responsibilities, and reporting to higher authorities regarding projects undertaken. Some of the leading companies that hire MBA pass-outs, include Deloitte, ITC, Samsung and Reliance, among others. 

IGNOU offers a two-year MBA programme in General and Banking & Finance specialisations. The eligibility required for different MBA programmes is as follows:

IGNOU admission to MBA was subject to a valid score in IGNOU OPENMAT exam till 2021. However, for the admission 2021 onwards, IGNOU cancelled the OPENMAT exam and eligible candidates were able to directly apply for the MBA courses via the online registration link before the extended deadline. However, as per the data collated from various sources, IGNOU seems to have scrapped the OPENMAT exam. IGNOU MBA admission 2024 is subject to merit scores obtained by the students in the last qualifying degree.