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The Master of Business Administration (Banking & Finance) (MBF) is a postgraduate management programme offered by Indira Gandhi National Open University (IGNOU) through Open and Distance Learning (ODL) mode. The programme is designed to develop managerial, financial and analytical skills required to build a career in the banking and financial services industry.
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The IGNOU MBA in Banking & Finance is suitable for graduates and working professionals who want to strengthen their understanding of financial management, banking operations, investment management and business administration. With a flexible learning structure, students can pursue higher education without following a regular, full-time classroom schedule. The programme has a minimum duration of 2 years and a maximum duration of 4 years. The current listed full programme fee is ₹66,000, excluding examination fees. The curriculum combines core management subjects with specialised banking and finance courses, helping learners understand both general business operations and the financial sector. Banking and finance play an important role in the growth of businesses and the Indian economy. Organisations require skilled professionals to manage financial resources, evaluate investments, assess risks and make informed financial decisions. Through subjects such as Bank Financial Management, Risk Management in Banks, International Banking Management and Management of Financial Services, students gain knowledge relevant to the evolving financial industry.
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Program map
4 semesters · 24 subjects
4
Semesters
24
Subjects
Semester 1 of 4
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₹4.5 LPA
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₹5.3 LPA
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₹4–10 LPA
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₹6.3 LPA
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Online MBA fees are structured to make a globally recognized, UGC-entitled degree affordable for working professionals and fresh graduates alike. With semester-wise payments and 0% interest EMI plans, plan your finances without compromising on quality education.
₹56,000/-
Total Program Fee
May Vary by Specializations
₹14,000/-
Per Semester Fee
Pay semester-wise
Pay your Online MBA fee easily with 0% interest — a convenient way to invest in your career.
* Fees are indicative. Speak to our counselors for exact final figures.
Check the academic requirements before applying.
Domestic admissions
Candidates interested in the IGNOU MBA in Banking & Finance must fulfil the university's prescribed academic eligibility requirements.
Educational Qualification Candidates must have completed a bachelor's degree from a recognised university.
The bachelor's degree must have a minimum duration of three years.
General category candidates must have secured at least 50% marks.
Candidates belonging to reserved categories must have secured at least 45% marks.
International admissions
IGNOU does not have eligibility criteria for this specific specialisation.
For its MBA Construction Management programme, candidates need a bachelor's degree of at least three years, with 50% marks (45% for reserved categories).
The IGNOU MBA in Banking & Finance follows a semester-based academic structure. Students complete their prescribed coursework, assignments and examinations as required by the university. The programme is divided into four semesters, with examinations generally conducted through IGNOU's Term-End Examination (TEE) system. How Does the Examination Pattern Work? Semester examinations: Students appear for examinations according to the university's examination schedule. Assignments: Learners are required to complete and submit assignments as prescribed. Project work: Students undertake a project during the third semester to apply management concepts to practical business problems. Evaluation: Academic performance is assessed according to IGNOU's applicable examination and evaluation guidelines. The examination schedule, examination centres, submission deadlines and assessment rules are announced by IGNOU.
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Eligibility: Eligible Candidates
Eligibility: All Eligible Students
Every program is fully approved and recognized by India's leading regulatory and ranking bodies — valid globally for employment and higher studies.
UGC Approved
NAAC Accredited
AICTE
AICTE Recognized
DEB Approved
Clear your doubts before enrolling
Clear your doubts before enrolling
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15 answered questions
IGNOU offers the MBA in Banking & Finance (MBF) through Open and Distance Learning (ODL) mode. It is not the same as the university's fully online MBA programme.