IGNOU MBA Banking and Finance: Masters of Business Administration in Banking and Finance (MBF) is a specialized, AICTE-approved program offered at Indira Gandhi National Open University (IGNOU) in collaboration with the Institute of Banking and Finance.
Indira Gandhi National Open University (IGNOU) will open its admission windows for the MBA Banking and Finanace course from 12 May 2025* and the last date for the MBF admission will be 30 June 2025*. Candidates who have a Bachelor’s degree from any recognised institution and university with 50% marks, can enroll for the MBF program from the official website https://www.ignou.ac.in.
The main objective of IGNOU in offering this program is to develop skills among applicants for successful and profitable operations in the banking and finance industries. Also, this program helps in providing basic knowledge about the banking industry.
IGNOU MBA Banking and Finance Course Latest Updates:
- For the June 2025 Term-end examination, IGNOU Exam Form submission is ongoing for MBA Banking and Finance course, apply before the last date of 28 April 2025.
- The IGNOU Re-registration process for the MBF course into the July academic session will begin in the second week of May 2025.
- IGNOU Assignment submission for the MBA Banking and Finance course is ongoing for June 2025 TEE students can apply by the last date of 30 April 2025.
IGNOU MBA Banking and Finance Highlights Table
| Feature | Details |
| Program Name | Master of Business Administration (Banking and Finance) |
| Exam System | Semester-based |
| Total Credits | 116 |
| Eligibility | Designed for Bankers, developed in collaboration with the Indian Institute of Banking & Finance (IIBF) |
| Core Subjects | Management Functions, Human Resource Management, Business Environment, Accounting, Marketing, Financial Management, Strategic Management, etc. |
| Elective Options | Specialization courses available in later semesters |
| Project Work | Mandatory project course in the third semester |
| Mode of Study | Distance learning with multimedia support |
| Official Collaboration | Developed by IGNOU and IIBF |
| Website for Details | Click Here |
This article will help in providing all the necessary information such as eligibility criteria, Fee structure, Future scopes, benefits, and syllabus of the MBA in Banking and Finance program at IGNOU.
IGNOU MBA in Banking and Finance Course Details
School of Management Studies offers IGNOU MBA Banking and Finance in 116 Credits out of which 20 are core courses (4 credits each) and one is a Project course (8 credits). The Masters of Business Administration in Banking and Finance (MBF) program covers subjects such as Business Environment, Accounting for Managers, Managerial Economics, Management of Machines and Materials, Research Methodology for Management Decisions, Business Ethics and CSR, International Business Management, and many more.
Indira Gandhi National Open University (IGNOU) offers a Masters of Business Administration in Banking and Finance (MBF) across India and the selected countries outside India, enabling candidates to complete his/her higher studies in an affordable and flexible way.
Other IGNOU MBA Specializations:
IGNOU MBA Banking and Finance Admission 2025
IGNOU Admission will start for the July session of the Master of Business Administration in Banking and Finance (MBF) program on 12 May 2025*. Candidates who are eligible or interested in enrollment into this program can fill the admission forms online from the official website of IGNOU: https://www.ignou.ac.in.
The last date for the IGNOU MBA Banking and Finance admission will be 30 June 2025* for July acadmeic session. Candidates also have the option to submit the admission form through offline mode, i.e. they have to submit the hardcopy of the admission form, required documents, registration fee of Rs 300, and course fee to the nearest regional center of IGNOU.
IGNOU MBA Banking and Finance Management Eligibility Criteria
Indira Gandhi National Open University (IGNOU) accepts admission forms only if any candidate is eligible for the particular program he/she is interested in. The eligibility criteria for the MBF program are as follows:-
- Applicants must have a Bachelor’s degree in any stream from a well-approved and recognized university with 50% of marks.
- If any candidate is from the reserved category (SC, ST, and OBC) then they only need 45% of their Bachelor’s degree for the admission in the MBF program at IGNOU.
IGNOU MBF Fee Structure
The fee structure of all the courses offered at IGNOU (UG, PG, Certificate, and diplomas courses) is very affordable and pocket-friendly. Applicants can complete their higher education very easily and enhance their skills by working in the field. The fee structure of the MBF program at IGNOU is as follows:-
- The fee for the 1st, 2nd, and 4th semesters is INR 15,500 while for the 3rd semester, the fee is INR 17,500.
- Candidates have to pay the registration fee of INR 300 at the time of admission, including the examination fee of INR 200.
- Candidates can pay the fee via Credit cards, Debit cards, and Internet Banking.
IGNOU MBA Banking and Finance Admission Process 2025
Note: “DEB ID is mandatory for submission of application. Please create your DEB ID before starting the application process”.
IGNOU MBA Banking and Finance Syllabus
The courses for the first year of the IGNOU MBA program remain the same across all specializations.
| Course Code | Course Name | Credits |
| III Semesters | ||
| MMPC-015 | Research Methodology for Management Decisions | 4 |
| MMPC-016 | International Business Management | 4 |
| MMPF-006 | Management of Financial Services Community | 4 |
| MMPF-011 | Management of Insurance Services | 4 |
| MMPB-004 | Risk Management in Banks | 4 |
| MMPB-006 | Corporate Governance in Banking and Financial | 4 |
| MMPP-001 | Project Report | 8 |
| IV Semester | ||
| MMPB-005 | Marketing of Financial Services | 4 |
| MMPB-003 | Information Technology and Digital Banking | 4 |
| MMPB-002 | International Banking Management | 4 |
| MMPB-001 | Bank Financial Management | 4 |
| MMPC-019 | Total Quality Management | 4 |
| MMPC-020 | Business Ethics and CSR | 4 |
| MMPC-018 | Entrepreneurship | 4 |
| MMPC-017 | Advanced Strategic Management | 4 |
Benefits of Pursuing MBA Banking and Finance from IGNOU
Interested applicants must know about the benefits of this program. For the convenience of the candidates, we have mentioned the benefits of the MBF Program offered at IGNOU.
- IGNOU provides this program in Online and Distance Learning (ODL) mode, enabling the candidates to enhance their skills by working in the field.
- Candidates will have vast career opportunities in banking, finance industries, investment firms, and corporate finance departments.
- After the completion of the course, the applicants will have a degree approved by AICTE, which has the same value as a regular degree in the industry.
Career Scope After Completing IGNOU MBA Banking and Finance
After completing the MBF program from IGNOU candidates have vast career opportunities in the field of Banking and Finance. Applicants can go for the different job roles such as:-
- Candidates can pursue leadership roles in banking, financial services, investment management, and corporate finance.
- IGNOU’s MBF program opens the doors for the applicants to work with multinational companies, PSUs, Government and Private enterprises.
- Applicants can increase their skills in areas like risk management, portfolio management, financial planning, etc.
- Also, a candidate can pursue a PhD in Banking and Finance, a certificate, and other diploma courses for better opportunities in the Future.
Jobs After Completing IGNOU MBA Banking and Finance
| Job Role | Average Salary (INR) |
| Finance Manager | INR 5.53 LPA |
| Operations Manager | INR 7.43 LPA |
| Financial Analyst | INR 3.86 LPA |
| Merchant Banker | INR 6.78 LPA |
| Chief Financial Officer (CFO) | INR 5.25 LPA |
| Investment Assistant | INR 3 LPA to INR 7 LPA |
| Business Consultant | INR 3 LPA to INR 7 LPA |
Frequently Asked Questions (FAQs) Related to IGNOU MBA Banking and Finance
Question: Is an MBA in Banking and Finance tough?
Answer: Yes, an MBA in Banking and Finance is considered to be difficult for candidates who are not from a maths or finance background.
Question: Is math compulsory for MBA in Banking and finance?
Answer: Although a solid understanding of mathematics is beneficial for an MBA in Banking and Finance, a candidate doesn’t need to have Maths.
Question: What is the salary of a distance MBA in banking and finance?
Answer: The salary for the distance MBA in banking and finance in India can range between INR 4 to INR 10 LPA.
Programme Coordinater Details of IGNOU MBF
| Coordinator Name | School | Mail ID | Contact Number |
| Prof. K. Ravi Sankar Professor | School of Management Studies (SOMS) | ravisankar@ignou.ac.in | 011-29573030 |
| Prof. Kamal Vagrecha Professor | School of Management Studies (SOMS) | kamalvagrecha@ignou.ac.in | 011-29573022 |
