What Is IGNOU MBA in Finance and HRM? - Guide 2024
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What Is IGNOU Distance MBA in Finance and HRM? - Guide 2024

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What is IGNOU Distance MBA Finance and HRM?

A distance MBA in Finance and HRM is a two-year master's degree that takes four semesters to complete. The training focuses on choosing and managing the right individuals for the task, as well as offering direction and advice to employees. The MBA programme offers specialisations in a wide range of topics that are in great demand in business.

Finance, marketing, Finance and HRM management, entrepreneurship, retail management, and operations management are just a few of the specialisations available. After graduation, students can enrol in a distance MBA programme to continue their education. An MBA at a distance can help you get administrative jobs in a range of fields.

About IGNOU

Since its inception in 1985, the Indira Gandhi National Open University (IGNOU) has encouraged distance learning. The institution, which today has approximately four million students enrolled, is governed, owned, and overseen by the central government. The UGC-DEB has authorised the university's internationally recognised distance MBA programme.

This blog post will provide you with all of the information you require regarding the IGNOU distance MBA programme. Students from all around the world can enrol in Undergraduate, Postgraduate, Postgraduate Diploma, Diploma, and Certificate programmes at the Indira Gandhi National Open University.


IGNOU is a well-known university that offers a wide range of online and distance learning courses. The college has supported distance learning since its foundation in 1985. The Indira Gandhi National Open University Act of 1985 established the university. The institution offers more than 227 remote learning courses in 21 different subjects.

IGNOU MBA Course Details


University Name Indira Gandhi National Open University
Course Level Postgraduate
Full-Form MBA in Finance and HRM
Approval UGC-DEB, AICTE, NAAC with A++ Grade
Duration Minimum Duration: 2 years
Maximum Duration: 5 years
Age No Age Limit
Eligibility Graduation from a recognized university
Fees Incurred INR 37,800/-for full course
Average Salary Offered INR 7 LAKHS TO 11 LAKHS PER ANNUM

How to get Admission in IGNOU Distance MBA Finance and HRM?

The application process for IGNOU's distance MBA programmes is simple, and you only need to follow a few steps to get accepted. Students must submit an application to the appropriate regional centre, together with the necessary fees and documents. Also Learn About: MBA in Business Management Program.

Students can see if they satisfy the prerequisites/eligibility criteria for a particular distance learning programme by looking at an online prospectus. To be admitted to the distance MBA programme, applicants must have completed their undergraduate studies at a recognised university; otherwise, their application will be rejected. Students, on the other hand, can fill out the application form online, which requires them to upload documents and submit academic fees.

Is IGNOU Distance MBA Finance and HRM good?

Anyone can profit from an IGNOU remote MBA in Finance and HRM. Some of the advantages include: -

  • IGNOU offers one of the top distance MBA programmes for those interested in a career in management or business administration.
  • Working professionals who want to improve their abilities have found it to be a terrific answer. Furthermore, the MBA is the most sought-after degree.
  • MBA graduates stand out in the workplace as unique individuals, and their degree has a higher market value.
  • IGNOU students get access to both online and traditional learning materials.

What is the Fee Structure of IGNOU distance MBA in Finance and HRM?

For a number of courses that many students assume are out of reach, IGNOU has shown to be a very reasonable university. IGNOU provides MBA programmes at a fraction of the cost of traditional MBA programmes. In addition, while an MBA is costly in and of itself, the MBA programme is not. Academic fees for the distance MBA programme are Rs. 37,800, which must be paid in advance by bank draught in the name of the Indira Gandhi National Open University from any recognised bank (IGNOU). Students are responsible for paying the academic fee to the relevant regional centre at the beginning of each semester. As a result, IGNOU has extended educational access.

What is the Eligibility of IGNOU MBA Finance and HRM?

To be considered for admission to the IGNOU distance MBA in Finance and HRM, a student must meet the following requirements:

- To apply, students must have a bachelor's degree from a nationally recognised university in any discipline.
- Candidates must have at least a 55 per cent graduation grade point average.

What is the Duration of this course?

It could take as little as two years or as long as five years to complete the IGNOU distance MBA in Finance and HRM. Four semesters must be completed between two to five years. Employed students can go at their own pace while taking the course. People will be able to work and study more freely as a result of this.

What are the Subjects of IGNOU Distance MBA Finance and HRM?

Semesters Subjects
Semester 1 - Principles of Economics & Markets
- Managerial Effectiveness & Ethics
- Accounting & Finance
- Organizational Behaviour & Human Resources Management
- Quantitative Techniques & Analytics
Semester 2 - Entrepreneurship
- Marketing Management & Research
- Investment Analysis and Portfolio Management
- Banking & Financial Services
- Talent Acquisition & Management
Semester 3 - Business Environment & Strategy
- Operations Management
- Direct Tax
- Employee Reward Management
- Performance Management System
- Open Elective
Semester 4 - Strategic Human Resource Management
- Organization Development & Change Management
- Fintech: Foundations & Applications
- Wealth Management & Behavioral Finance
- Cross-functional Elective
- Master Thesis / Project

How to Apply for the IGNOU online MBA Finance and HRM Entrance Exam?

Before enrolling at IGNOU, students must first pass an admissions exam. Students must pass the IGNOU common management entrance exam in order to enrol in the distance MBA programme. On the university's official website, students can apply for IGNOU's OPENMAT entrance exam.

Students who want to apply for a certain speciality must first meet the eligibility conditions before taking the entrance exam as part of the application procedure.

To acquire admission, you must first register on the IGNOU official website, then fill out the application, upload your documents, and pay the academic fees. Following the verification process, the institution will send you a confirmation email. The verification process usually takes two months, so students will receive a confirmation mail after that time or even sooner.

Is OPENMAT necessary for IGNOU online MBA in Finance and HRM?

Yes, you have to give OPENMAT exam to take admission in any management course of IGNOU. The OPENMAT, offered by IGNOU, is a national admissions test for MBA and PGDM programmes. NTA administers the IGNOU OPENMAT exam twice a year, in July and January. Candidates who hold valid graduate degrees are eligible to apply for any of the MBA admission cycles. To apply to IGNOU MBA programmes, management applicants must take the OPENMAT.

How can I Download IGNOU MBA Finance and HRM Prospectus 2024?

Students can download a copy of the IGNOU common prospectus by visiting the university's website and selecting the prospectus link. Students will notice an option for a common prospectus 2024 on the IGNOU website, which they must select in order to view the entire prospectus, which will contain all information on the courses offered, the pricing structure, the Eligibility Criteria, and other relevant information.

IGNOU's accomplishments, distinguishing qualities, detailed information about the institution's programmes, eligibility criteria, and mobile applications for IGNOU's online lectures, such as IGNOU e-content, are all available to students.

How can I Download IGNOU MBA Finance and HRM Study Material 2024?

IGNOU's websites contain study materials as well as answers to any inquiries students might have about the course. Swayam and Google Meet are two virtual platforms that offer online lectures. For soft copy notes and other doubt sessions, the college now has mobile applications. The learner has access to the learning resources via the internet. Students receive IGNOU e-content as soon as they enrol in the programme.

The IGNOU e-content app allows students to browse the curriculum for any programme. The eGyanKosh learning portal offers over 2500 courses, study materials, and video programmes. IGNOU students appreciate the ease of having study materials at their fingertips.

What are the top Distance MBA Finance and HRM colleges in India for IGNOU Alternatives?

The distance MBA Finance and HRM programme teaches students about business production and operations. Distance courses in the specialism Finance and HRM are available from a number of well-known universities, including:

  1. Jain University
  2. NMIMS
  3. Sri Venkateswara University
  4. IIM Indore
  5. IIM Lucknow
  6. IIM Kozhikode
  7. Symbiosis Institutes of Management
  8. Chandigarh University
  9. UPES

Can I get a Scholarship in IGNOU for distance MBA Finance and HRM?

Financially disadvantaged students, girls who are single children, and those who fall under the SC/ST category are eligible for scholarships or fee reimbursement from IGNOU. Before applying for any of the scholarships listed on the portal, students should review the eligibility requirements.

Is there any Difference Between distance MBA Finance and HRm and online MBA Finance and HRM?

There is no distinction between IGNOU's online and distance MBA courses in any specialisation. Indira Gandhi National Open University is a distance learning university, which means that students can take all of their lessons online and use virtual study materials. Also Find: EMBA in Marketing Management 2024.

What is the Scope after Completing IGNOU distance MBA Finance and HRM?

After the completion of IGNOU MBA Finance and HRM, you will be able to apply for plenty of reputed jobs. Some of the major jobs positions that are available for you after this course:

  • Human Resource Manager
  • Staffing Director
  • Employees Relations Manager
  • Financial Analyst
  • Accounting Manager
  • Insurance and Risk Manager
  • Investment Bankers

Let’s wind up!

Indira Gandhi National Open University, or IGNOU, is a well-known online and distance learning university. By taking the OPENMAT test, students interested in pursuing a career in MBA Finance and HRM can apply to IGNOU. I hope you find everything you need regarding the IGNOU distance MBA in Finance and HRM on this blog.

FAQs

⭐ Is IGNOU distance MBA in Finance and HRM AICTE Approved?

Yes, IGNOU distance MBA in Finance and HRM is AICTE approved.

⭐ When to Apply for IGNOU Distance MBA in Finance and HRM?

Admissions are offered twice a year at the university, with students having the choice of taking their program's exams in June or December. Students who are unable to sit for exams in June will be able to sit for them in December.

⭐ How to Apply for an IGNOU Distance MBA in Finance and HRM?

In order to apply for the IGNOU distance MBA in Finance and HRM programme, students must first meet the course's eligibility requirements. After that, the pupils must sit for the university's entrance examination and after completing it you have to fill up the admission form.

⭐ Is IGNOU’s Distance MBA in Finance and HRM valid for Government Jobs?

Yes, IGNOU distance MBA in Finance and HRM is valid for government and private sector jobs, for both of them.

⭐ Is IGNOU distance MBA in Finance and HRM Recognised Worldwide?

Considering IGNOU is a globally recognised university, the distance MBA in Finance and HRM degree at IGNOU will be recognised worldwide.

⭐ Is IGNOU distance MBA in Finance and HRM Degree Valid?

Yes, IGNOU degrees are valid all over the nation. The university is well-known and recognized by the UGC and NAAC which makes it all worth every part.

⭐ When is the IGNOU Distance MBA in Finance and HRM Entrance Test?

The OPENMAT MBA university-level entrance test will be used to determine IGNOU MBA admissions in 2024. The OPENMAT was held on April 11th, 2024.

⭐ How to Apply for the IGNOU Distance MBA in Finance and HRM Entrance Exam?

Students must obtain the prospectus from the official website of IGNOU. Then you can apply for the OPENMAT admission exam online using the application URL mentioned above.

⭐ What is the Duration to Complete a Distance MBA in Finance and HRM from IGNOU?

The minimum duration to complete the distance MBA in Finance and HRM from IGNOU is 2 years. However, the maximum duration to complete the same is 4 years.

⭐ How To Prepare For Ignou Distance MBA In Finance and HRM Entrance Exam?

For the preparation for the distance MBA in Finance and HRM entrance exam students need to prepare the subjects General Awareness, English Language, Quantitative Aptitude, and Reasoning. Read books, newspapers and watch youtube videos to be prepared for the exam.

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