What Is IGNOU MBA In Banking and Finance?
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For people who are passionate about working in banks and financial institutions, a 2-year management program called the Distance MBA Banking and Finance Management is available. This course is available online and through distance learning through IGNOU, which also offers printed and online study materials. To apply for this course, students must hold a bachelor's degree in the pertinent field.

The course offers a broad understanding of corporate finance, financial management, and other facets of global financial management. Students who pursue a distance learning MBA in Banking and Finance Management are prepared for careers such as financial analyst, finance officer, senior financial analyst, bank manager, banking business analyst, etc.

IGNOU stands for Indira Gandhi National Open University, which was founded in 1985 and has always provided remote learning courses. The central government is in charge of, owns, and oversees this university, which has more than four million first-time enrollees and is run, controlled, and ruled by it. The UGC-DEB has given its approval to the university's globally renowned online MBA program. You can get all the information you require regarding the distance MBA in Banking and Finance Management program offered by Indira Gandhi National Open University in this blog post.

Distance MBA In Banking and Finance Management Course Details

University Name Indira Gandhi National Open University

Degree Postgraduate

Full Form MBA in International Business

Specialization Banking and Finance

Approval UGC-DEB | NAAC A++

Duration MIN - 2 Years | MAX- 4 Years

Age No Age Limit

Eligibility Graduation from a recognized university

Fees Incurred INR 37,800/-for full course

Average Salary Offered INR 5 LAKHS TO 8 LAKHS PER ANNUM


IGNOU, formerly known as the Indira Gandhi National Open University, is a renowned institution that offers a selection of online and distant learning courses. The institution has actively promoted the use of distance learning techniques ever since it was founded in 1985. The Indira Gandhi National Open University Act of 1985 authorized the creation of the Indira Gandhi National Open University. The Indian government founded the Indian Government National Open University (IGNOU) to offer distance and open education to people all over the world. Students gain from the convenience and flexibility of online and remote learning, which is made possible by a range of online learning platforms and resources, in addition to receiving a worthwhile degree.

In fact, Lakshadweep, Pondicherry, and the Andaman & Nicobar locations are only a few of the far-flung locations where students can attend the institution. The Indian Government National Open University is a decentralized system of education delivery due to its divide into five zones in the northern, southern, eastern, and western areas of the nation. The university's 21 schools and 67 regional centres collectively offer 227 courses.

What is the duration of the IGNOU MBA in Banking and Finance?

The IGNOU MBA programs, which include Banking and Finance, last for two years, but students can complete them in a maximum of four.

What is the eligibility for an MBA in Banking and Finance in IGNOU?

The following requirements must be met in order to be admitted to the IGNOU distance MBA program in Banking and Finance:

- To be eligible for admission, applicants must have earned a bachelor's degree from an institution with national acclaim in any field.

- Candidates need to have a minimum grade point average of 55% on their bachelor's degree exams.

What are the subjects in MBA Banking and Finance?

A very professional education for students who want to work in any financial institution is the MBA in Banking and Finance. Financial Institution and Services, Management Control System, Merchant Banking, Commercial Banking, Role of RBI, and other topics are popular MBA Banking and Finance electives.

Does IGNOU conduct any entrance exam for Distance MBA Banking and Finance?

Before being accepted into the distance MBA program in Banking and Finance, applicants must pass the requisite admission exam. Before submitting an application to enroll in any management course provided by the IGNOU, students must pass an entrance exam. IGNOU's common management entrance exam must be passed before students may enroll in the distance MBA program. Students can register for the OPENMAT, the university's entrance exam, and submit their applications through the IGNOU's official website.

What is the fee structure of the IGNOU MBA in Banking and Finance?

For a range of courses that seem out of reach for many students, IGNOU has shown to be an incredibly affordable college. The tuition for IGNOU's MBA programs is much less than that of other universities. For the distance MBA program, IGNOU charges a tuition cost of Rs. 37,800, which must be paid upfront by bank draft from any reputable bank in the name of Indira Gandhi National Open University (IGNOU). At the beginning of each semester, students are responsible for paying the academic fee to the appropriate regional centres in person or online. The IGNOU's main goal is to bring education to individuals who reside in the most isolated regions of the nation. This has made higher education more accessible to everyone thanks to the IGNOU.

How can I download IGNOU MBA Banking and Finance Study Material in 2022?

Students can access study materials and get any answers to inquiries they may have concerned the course through the websites of IGNOU. Online lectures are delivered using a variety of virtual platforms, including Swayam and Google Meet. Additionally, the school offers mobile applications for sharing notes in soft copy and taking part in additional forms of doubt sessions. The student has internet access to the study resources. Students are granted access to the IGNOU e-content app once they have been accepted into the program.

Students can browse the curriculum for any program they are interested in using the IGNOU e-content app. An online learning portal called eGyanKosh provides study guides, videos, and more than 2500 courses in a range of areas. IGNOU students like having access to study materials for a variety of disciplines in one handy spot.

How can I download the IGNOU MBA prospectus 2022?

On its website, IGNOU has included the necessary information. The IGNOU prospectus for each course is also available to students on the website. The Common Prospectus 2022 and the Management Prospectus 2022 are two prospectuses that you can view on the website. For information on all of their management courses, including eligibility requirements, fee structures, and syllabi, management students can click on the management prospectus option.

Other Management Courses Offered by IGNOU

You can get in-depth information on a range of managerial issues through a number of management programs offered by the Indira Gandhi National Open University (IGNOU). The following are the management programs that IGNOU offers:

- Distance BBA

- Distance MBA

- Distance MBA In Financial Management

- Distance MBA In Operations Management

- Distance MBA In Marketing Management

- Distance MBA In Human Resources Management

- Distance MBA in International Business Management

- Distance MBA in Information Technology

- Distance MBA in Supply Chain Management

- Distance MBA in Banking and Finance Management

- Distance MBA in Hospital Administration

- Distance MBA in Hospitality Management

- Distance MBA in Retail Management

- Distance MBA in Rural Management

- Distance MBA in Business Management

- Distance MBA in Project Management

- Distance MBA in International Trade Management

How to Get Admission in Distance MBA Banking and Finance in IGNOU 2022?

Students can submit their applications online using the university's official website, and IGNOU's distance MBA admission process is one of the easiest in the business. Simply complete the procedures shown below to register for this course:

Visit the IGNOU website and select the fresh admission option before setting up a new user account.

- Make sure to come on time for the entrance exam (the IGNOU website publishes the entry dates).

- Upon getting your results, you can start filling out your application form if you are chosen by the university based on the cut-off.

- Complete all sections of the application (contact information, prior experience, etc.).

- You can proceed to the online payment of the academic fee after uploading all necessary documentation.

- After submitting the application, you will receive an email from the institution confirming receipt of your application.

How to Apply for IGNOU MBA in the Banking and Finance entrance exam 2022?

OPENMAT is the name of the entrance examination for the IGNOU MBA in Banking and Finance. Candidates only need to submit the exam's online application form to register for the OPENMAT exam. Visit the website first, then choose the admission exam option from the drop-down menu. Complete the application form with all of your information, then submit it.

Is OPENMAT necessary for IGNOU MBA in Banking and Finance?

In order to be admitted to the MBA Banking and Finance program, candidates must pass the entrance exam administered by IGNOU for all MBA or PGDM programs. MBA candidates must pass the national-level OPENMAT exam in order to enroll in IGNOU MBA programs.

What are the top Distance MBA Banking and Finance Colleges in India for IGNOU Alternative?

Here are some top management colleges that offer MBA/PGDM in Banking and Finance:


- IMT Ghaziabad

- Symbiosis Institute of Management

- JECRC University

- Jagannath University

- Devi Ahilya Vishwavidyalaya

- University of Kerala

- Shivaji University

Can I Get Scholarship in IGNOU for MBA Banking and Finance programs?

Deserving students receive scholarships from the Government of India because IGNOU is a government-funded university. You can look for and apply for scholarships online at the National Scholarships Portal of the Government of India. Students can apply for scholarships online through the website, but they should make sure they are eligible for the ones they want to apply for.

Is There Any Difference Between IGNOU MBA in Banking and Finance and IGNOU Distance MBA Banking and Finance?

The Indira Gandhi National Open University is a school designed exclusively for online study, and all of its courses are offered online. IGNOU MBA Banking and Finance is equivalent to IGNOU distance MBA Banking and Finance, to sum up.

Placement Assistance at IGNOU

Through the university's reputable placement cell, which is managed by the university, students can obtain jobs. The Campus Placement Cell (CPC) of IGNOU helps students in their employment hunt. To aid students in their career hunt, the university's Campus Placement Cell (CPC) was founded in 2005. All placement-related activities are overseen by the placement cell, which also helps students identify acceptable career prospects.

The goal of the placement cell was to help students with issues connected to placement and point them in the direction of the appropriate career path for them based on their interests and skills. The Campus Placement Cell (CPC) organizes recruitment drives, career fairs, and programs to improve employability in the university's regional centres.

What is the potential for a banking and finance career after a distance MBA?

For those who want to work in the trading and financial markets, there is a distance learning MBA program in finance. Following completion of this degree program, you can apply for the following positions:

- Financial Analyst

- Accounts Assistant

- Money Manager

- Operations Manager

- Equity Research Analyst

- Investment Bankers

- Loan Officers

- Financial Consultant

- Chief Financial Officer

- Business Relationship Manager

- Financial Risk Analyst

- Securities Analyst

- Business Development Manager

Winding Up

For people with an interest in banking and finance-related activities, a two-year postgraduate program called the Distance MBA in Banking and Finance is offered. Due to the fact that they are not needed to leave their jobs in order to pursue further education, students who have earned their bachelor's degree and are currently employed may pick this option. In this blog post regarding the distance MBA Banking and Finance degree offered by IGNOU, I hope you found all the information you were looking for.

Is IGNOU MBA Banking and Finance AICTE Approved?

Yes, IGNOU MBA Banking and Finance has been approved by AICTE and also by UGC and DEB.

When to apply for IGNOU MBA?

IGNOU opens admissions twice a year; January and July. Students can apply for the MBA Operations course by visiting the official website of IGNOU.

How to apply for an IGNOU MBA?

Students can apply for IGNOU MBA just by visiting the official website of IGNOU.

Is IGNOU MBA Valid for Government Jobs?

Yes, you can apply for government jobs after IGNOU MBA.

Is IGNOU MBA Recognized Worldwide?

IGNOU is a recognized university and students will get the egress which will be valid and recognized worldwide.

Is IGNOU MBA Degree Valid?

Yes, IGNOU has been recognized by UGC-DEB and AICTE and all its degrees including MBA are valid.

What is the IGNOU MBA entrance test?

IGNOU conducts an entrance test for MBA which is called OPENMAT.

How to Apply for IGNOU MBA Entrance Exam?

You can apply just by visiting the official website of IGNOU.

How many times does the university conduct term-end exams for distance MBA Banking and Finance in a year?

The university conducts exams twice a year and students can give exams of their concerned program in the months of June and December. If students are unable to give in the month of June, then they can appear in the month of December for exams.

How does a candidate become eligible for a term-end examination in IGNOU?

A student needs to be available for the minimum time period set by the university, for instance, a master’s or bachelor’s degree student needs to be available for at least one year of the program.

What is the duration of distance MBA in IGNOU?

The minimum duration of an MBA is 2 years and the maximum duration is 4 years.

Does IGNOU refund the academic fees in case of cancellation of the program?

IGNOU refunds fees only when the university denies admission due to any reason. But in case of the cancellation of the program from the student’s side, the fee will not be refunded.