Distance MBA Banking and Finance Management is a 2-year management course and it is for those who are passionate about working in banks and financial institutions. IGNOU offers this course in online and distance mode and provides both printed and online study material. Students must have a bachelor’s degree in the relevant stream in order to apply for this course. The course provides a thorough understanding of financial management, corporate finance, and other aspects of international financial management. Distance MBA Banking and Finance Management prepares students for a concrete career in fields like Financial Analyst, Finance Officer, Finance Senior Analyst, Bank Manager, Banking Business Analyst, etc.

The acronym IGNOU refers to Indira Gandhi National Open University, which was established in 1985 and has been offering distance learning courses since its inception. This university, which has over four million students enrolled for the first time and is governed, owned, and overseen by the central government, is owned, operated, and supervised by the central government. The University’s online MBA program, which is recognised around the world, has been approved by the UGC-DEB. In this blog post, you'll learn everything you need to know about the distance MBA in Banking and Finance Management course offered by Indira Gandhi National Open University.

Distance MBA In Banking and Finance Management Course Details

About IGNOU

IGNOU aka Indira Gandhi National Open University is a well-known university that provides a variety of distance and online learning programs. Since its inception in 1985, the university has actively promoted the use of distance learning methods. The Indira Gandhi National Open University was established by the Indira Gandhi National Open University Act of 1985. In order to provide distance and open education to people all over the world, the Indian government established the Indian Government National Open University (IGNOU). Students not only receive a valuable degree, but they also benefit from the convenience and flexibility of online and remote learning, which is made possible by a variety of online learning platforms and resources.

In fact, the university provides education to students on even the most remote islands, including Lakshadweep, Pondicherry, and the Andaman and Nicobar Islands. As a result of its division into five zones in the country's northern, southern, eastern, western, and northern-eastern regions, the Indian Government National Open University is a decentralised method of imparting education. The university offers 227 courses in total through its 21 schools and 67 regional centres.

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

The duration of IGNOU MBA programs including Banking and Finance is 2 years, however, students will get the maximum duration of 4 years. Also Find: Executive MBA vs MBA.

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

Admission to the IGNOU distance MBA program in Banking and Finance is competitive and students must meet the following qualifications:

- Students must hold a bachelor's degree from a nationally recognised university in any discipline in order to be considered for admission.
- Candidates must have received a minimum of 55 per cent on their bachelor's degree exams.

What are the subjects in MBA Banking and Finance?

MBA in Banking and Finance is a highly professional course for students who are willing to work in any financial institution. The popular subjects of MBA Banking and Finance are Financial Institution and Services, Management Control System, Merchant Banking, Commercial Banking and Role of RBI, and so forth.

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

Applicants for the distance MBA program in Banking and Finance must pass a required entrance examination before they can be admitted to the program. The IGNOU requires students to pass an entrance examination before they can apply for enrollment in any management course offered by the university. Students who wish to enrol in the distance MBA programme at IGNOU must first pass the IGNOU common management entrance examination. Through the IGNOU's official website, students can register for the university's entrance exam, known as the OPENMAT, and submit their applications.

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

IGNOU has proven to be an extremely reasonable institution for a variety of courses that appear to be out of reach for many students. In comparison to other universities, IGNOU's MBA programmes have significantly lower tuition fees. IGNOU charges Rs. 37,800 in tuition fees for the distance MBA programme, which must be paid in advance by bank draft from any recognised bank in the name of Indira Gandhi National Open University (IGNOU). Students are responsible for paying the academic fee to their respective regional centres at the start of each semester or you can pay online. The primary mission of the IGNOU is to provide education to people who live in the most remote parts of the country. It is as a result of this that the IGNOU has made higher education more accessible to everyone.

How can I download IGNOU MBA Banking and Finance Study Material in 2024?

Through IGNOU's websites, students can access study materials and obtain answers to any questions they may have about the course. Various virtual platforms, such as Swayam and Google meet, are used to deliver online lectures. The institution also provides mobile applications for providing soft copy notes and participating in other types of doubt sessions. The study materials are accessible to the student via the internet. Once students have been accepted into the programme, they are given access to the IGNOU e-content app.

Students can use the IGNOU e-content app to browse the curriculum for any programme they are interested in. eGyanKosh is an online learning platform that offers study materials, video programmes, and over 2500 courses in a variety of subjects. Study materials for a variety of subjects are conveniently available in one location for IGNOU students, who appreciate the convenience.

How can I download the IGNOU MBA prospectus 2024?

IGNOU has made all pertinent information available on its website. Students can also access the IGNOU prospectus for any course on the website. On the website, you can access two prospectuses: the Common Prospectus 2024 and the Management Prospectus 2024. Management students can click on the management prospectus option to obtain information about all of their management courses, including eligibility requirements, fee structure, and syllabus.

Other Management Courses Offered by IGNOU

The Indira Gandhi National Open University (IGNOU) provides a number of management programmes that can help you gain a thorough understanding of a variety of managerial topics. The management programs offered by IGNOU are as follows:

- 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 2024?

IGNOU's distance MBA admission procedure is one of the simplest in the industry, and students can apply online through the university's official website. To enrol in this course, simply follow the steps below:

- Visit the official website of IGNOU
- Choose the new admission option and then create a new user account.
- Then ensure that you arrive on time for the entrance exam (IGNOU releases the entrance dates on its website).
- If you get selected by the university based on the cut-off, you can begin filling out your application form immediately upon receiving your results
- Complete the application form in its entirety (contact details, prior qualifications, etc.)
- After uploading all required documents, you can proceed to the online payment of the academic fee.
- Then submit the application form; once the university has verified your information, you will receive an email confirmation from them.

How to Apply for IGNOU MBA in the Banking and Finance entrance exam 2024?

The entrance exam of IGNOU MBA in Banking and Finance is known as OPENMAT. Candidates can apply for the OPENMAT exam just by submitting the application form of the exam on the website. First, visit the website and then select the option of entrance exam from the drop-down. Fill in all your details in the application form and then submit.

Is OPENMAT necessary for IGNOU MBA in Banking and Finance?

IGNOU takes entrance exams for all the MBA or PGDM courses and students are required to clear the exam in order to get admission in the MBA Banking and Finance course. OPENMAT is a national level entrance exam for IGNOU MBA courses and it is necessary for MBA candidates to clear the exams.

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:

- NMIMS
- 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?

Because IGNOU is a government-funded institution, the Government of India awards scholarships to deserving students. The Government of India's National Scholarships Portal is a place where you can search for and apply for scholarships online. Through the site, students can apply for scholarships online, and they should ensure that they meet the eligibility requirements for the scholarships they wish to pursue.

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

Indira Gandhi National Open University is a university especially for distance learning courses, and all its courses are in the distance mode only. In conclusion, IGNOU MBA Banking and Finance is the same as IGNOU distance MBA Banking and Finance. Also Read: EMBA Finance Management 2024.

Placement Assistance at IGNOU

Students can find employment through the university's well-established placement cell, which is run by the university. Students at IGNOU's Campus Placement Cell (CPC) receive assistance in their job search. The Campus Placement Cell (CPC) of the university was established in 2005 to assist students in their job search. The placement cell supervises all placement-related activities and also assists students in finding suitable employment opportunities.

The placement cell's mission was to assist students with placement-related concerns and to direct them to the best career path for them based on their interests and abilities. Placement drives, career fairs, and employability enhancement programmes are organised by the Campus Placement Cell (CPC) in the university's regional centres.

What is the Career Scope After Distance MBA Banking and Finance?

Distance MBA in Finance is a specially designed course for those who are willing to work in the trading and financial market. Here is the list of jobs that are available for you after this degree course:

- 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

Distance MBA in Banking and Finance is a two-year postgraduate programme designed for those interested in banking and finance-related activities. Students who have completed their bachelor's degree and are currently employed may choose this option because they are not required to quit their jobs in order to pursue higher education. I hope you found all the information you were looking for in this blog about IGNOU's distance MBA Banking and Finance course.

FAQs

⭐ 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 Recognised 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.