Content Curator | Updated on - Mar 31, 2026

The Master of Business Administration in Financial Management (MBAFM) at Indira Gandhi National Open University (IGNOU) is a 2-year postgraduate programme offered through Open Distance Learning (ODL) mode under the School of Management Studies (SOMS). The programme is AICTE-approved and is designed to develop finance professionals with expertise in working capital management, capital investment decisions, security analysis, portfolio management, international financial management, and management of financial services. The total programme fee is Rs. 66,000 (Rs. 16,000 per semester for Semesters 1, 2, and 4; Rs. 18,000 for Semester 3), making it one of the most affordable AICTE-approved MBA (Finance) programmes in India. Admission is merit-based with no entrance exam required. The programme is ideal for finance professionals, working executives, and fresh graduates seeking to build a career in financial management.

Admission for the January 2026 session is currently ongoing. The last date to submit the application form is 30 March 2026. Re-registration for existing students is also open till 30 March 2026. The July 2026 session is expected to open around June 2026 (tentative, based on previous year pattern).

Since the MBAFM at IGNOU is offered in Distance Mode only, the programme is delivered through a network of Regional Centres and Study Centres across India. Students are assigned to a regional centre based on their location. For the complete list of study centres, visit: ignouadmission.samarth.edu.in

Key Points

The MBAFM programme is AICTE-approved, making it valid for government jobs and higher education that require an AICTE-recognised MBA.
No entrance exam is required; admission is based on merit in the qualifying bachelor's degree.
The programme covers specialised finance subjects including Working Capital Management, Capital Investment and Financing Decisions, Management Control Systems, Security Analysis and Portfolio Management, International Financial Management, Management of Financial Services, Management of Insurance Services, and Equity Markets.
A Project Report (MMPP-001, 8 credits) is a mandatory component in Semester 3.
Medium of instruction is English.
The programme can be completed in a minimum of 2 years and a maximum of 4 years.
Particularly suitable for working finance professionals, accountants, and banking executives who want to formalise their expertise with an AICTE-recognised degree.

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Fees
Admission
Scholarships
FAQs

IGNOU MBAFM Fees

The IGNOU MBAFM programme has a total fee of Rs. 66,000 spread across 4 semesters. Semester 3 has a slightly higher fee of Rs. 18,000 due to the project component, while the remaining three semesters are Rs. 16,000 each. A one-time non-refundable registration fee of Rs. 300 is payable at the time of first admission. Fees are paid semester-wise at the time of registration and re-registration. Examination fees and development fees are charged separately.

Fee Components

Fee Component	Amount (Rs.)
Semester 1 Fee	16,000
Semester 2 Fee	16,000
Semester 3 Fee	18,000
Semester 4 Fee	16,000
Registration Fee (one-time, non-refundable)	300
Total Programme Fee (4 semesters)	66,000
Total Fee (including registration)	66,300

Registration fee of Rs. 300 is non-refundable under all circumstances.
Examination fee, development fee, TEE fee, convocation fee, and any late fee are not included in the above and are charged separately.
Fee is paid semester-wise; students pay each semester fee at the time of re-registration.
SC/ST students who are unemployed and whose family income does not exceed Rs. 2.5 lakh per annum may be eligible for fee exemption.
Contact the regional centre for details.
Fee refund: Full programme fee refunded (minus registration fee) before confirmation of admission.
After confirmation, 15% of programme fee (subject to a ceiling of Rs. 2,000) is deducted.
No refund after 60 days from confirmation of admission.
Fee can be paid online via Net Banking, Debit Card, Credit Card, or UPI.
No hostel facility is available for distance mode students.

IGNOU MBAFM Admission 2026

IGNOU MBAFM admissions are conducted twice a year - for the January session (applications typically open in December and close in March) and the July session (applications typically open in June and close in July). Admission is direct and merit-based, with no entrance examination required. The January 2026 session is currently open with the last date being 30 March 2026.

IGNOU MBAFM Admission Dates

Event	Date
Application Portal Opens (January 2026 Session)	December 2025
Last Date to Submit Application Form (January 2026)	30 March 2026
Last Date for Re-registration (Existing Students)	30 March 2026
Admission Confirmation	Within 2-4 weeks of application
Study Material Dispatch	After admission confirmation
Term-End Examination (June 2026)	June 2026 (tentative)
Application Portal Opens (July 2026 Session)	June 2026 (tentative)
Last Date for July 2026 Session Application	July 2026 (tentative)

Entrance Exam Dates

Entrance Exam Dates
No entrance examination is required for IGNOU MBAFM admission. Admission is based on merit in the qualifying bachelor's degree.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Candidates must hold a bachelor's degree of minimum 3 years duration from a recognised university in any discipline.
Minimum 50% aggregate marks in the qualifying degree (45% for SC/ST/OBC candidates).
No upper or lower age limit for admission.
No work experience is mandatory for admission.

Admission Process

Visit the official IGNOU admission portal: ignouadmission.samarth.edu.in
Click on "New Registration" and create an account using your email and mobile number.
Select the MBAFM programme and fill in the online application form with personal and academic details.
Upload scanned copies of required documents (bachelor's degree marksheets, category certificate if applicable, ID proof, photograph, and signature).
Pay the registration fee of Rs. 300 and the first semester fee of Rs. 16,000 online.
Submit the completed application and note down the application number for future reference.
Await document verification and admission confirmation from IGNOU.
After confirmation, study material will be dispatched to the registered address.

IGNOU: Students' Opinion

AI-Generated Summary based on 2 Reviews

The two-year program's total fee is Rs. 70,000, with each semester costing Rs. 16,000. There is also an exam fee of Rs. 200 per subject. While scholarships were available before, they are no longer offered under the new distance mode rules. Additionally, the distance mode does not provide any job placement opportunities.

By Collegedunia’s Personal AI

IGNOU MBAFM Scholarships 2026

IGNOU MBAFM students from reserved and economically weaker sections can avail fee exemption and scholarship schemes. SC/ST students who are unemployed and whose family income is below Rs. 2.5 lakh per annum may be eligible for fee exemption on the programme fee. Additionally, students can apply for central government scholarships through the National Scholarship Portal (NSP) after confirmation of admission.

Scholarship Schemes

Scholarship / Scheme	Eligibility	Benefit	How to Apply
IGNOU Fee Exemption for SC/ST (PG Programmes)	SC/ST students; unemployed; family income below Rs. 2.5 lakh per annum; not availing any other fee waiver	Programme fee exemption (registration and exam fees not covered)	Contact IGNOU Regional Centre; submit income certificate and caste certificate
Post-Matric Scholarship for SC Students (Central Govt.)	SC students; family income below Rs. 2.5 lakh per annum	Tuition fee reimbursement + maintenance allowance	Apply on National Scholarship Portal (scholarships.gov.in)
Post-Matric Scholarship for ST Students (Central Govt.)	ST students; family income below Rs. 2.5 lakh per annum	Tuition fee reimbursement + maintenance allowance	Apply on National Scholarship Portal (scholarships.gov.in)
Post-Matric Scholarship for OBC Students (Central Govt.)	OBC students; family income below Rs. 1 lakh per annum	Tuition fee reimbursement	Apply on National Scholarship Portal (scholarships.gov.in)
Central Sector Scholarship for Minorities (Maulana Azad)	Minority community students (Muslim, Christian, Sikh, Buddhist, Jain, Parsi); income below Rs. 2 lakh per annum	Up to Rs. 20,000 per year + monthly allowance	Apply on National Scholarship Portal (scholarships.gov.in)
State Government Scholarships	Varies by state; SC/ST/OBC/EWS students	Varies by state	Apply through respective state scholarship portals

Fee exemption for SC/ST is applicable only if the student is not employed and family income does not exceed Rs. 2.5 lakh per annum.
Students must not avail double benefits (two full fee waivers simultaneously).
NSP scholarships can be applied for only after confirmation of IGNOU admission.
For queries, contact IGNOU School of Management Studies or your regional centre.

IGNOU MBAFM FAQs

Ques. Is IGNOU MBAFM suitable for CA/CMA/CFA aspirants or professionals?

Ans. Yes, the MBAFM is highly complementary for CA, CMA, and CFA aspirants and professionals. The curriculum covers advanced finance topics like Security Analysis and Portfolio Management, International Financial Management, and Equity Markets, which align well with professional finance certifications. The distance learning format allows you to pursue both simultaneously without leaving your job.

Ques. What specialised finance subjects are covered in the MBAFM programme?

Ans. The MBAFM includes specialised finance courses in Semesters 3 and 4: Working Capital Management (MMPF-001), Capital Investment and Financing Decisions (MMPF-002), Management Control Systems (MMPF-003), Management of Financial Services (MMPF-006), Security Analysis and Portfolio Management (MMPF-004), International Financial Management (MMPF-005), Management of Insurance Services (MMPF-011), and Equity Markets (MMPF-007).

Ques. What is the difference between IGNOU MBAFM and IGNOU PGDFM?

Ans. IGNOU offers both the MBAFM (MBA in Financial Management, 2-year degree) and the PGDFM (Post Graduate Diploma in Financial Management, 1-year diploma). The MBAFM is a full MBA degree with AICTE recognition, covering both core management subjects and specialised finance electives. The PGDFM is a shorter diploma programme. For career advancement and recognition in government/corporate sectors, the MBAFM degree is more valuable.

Ques. How is the project report component handled in distance mode?

Ans. The project report (MMPP-001, 8 credits) in Semester 3 requires students to conduct research on a finance-related topic. Students can choose a topic related to their current workplace or industry, making it highly practical. The project is supervised by an IGNOU faculty member. Detailed project guidelines are available on the IGNOU SOMS website.

Ques. Is the IGNOU MBAFM degree recognised for finance roles in government organisations and PSUs?

Ans. Yes. The IGNOU MBAFM is AICTE-approved and recognised by UGC and AIU. It is accepted for finance roles in government organisations, public sector undertakings, banks, and central/state government departments that require an MBA or equivalent qualification. Many government and PSU employees pursue this degree for departmental promotions and career advancement.

Ques. Can I pursue IGNOU MBAFM if I have an engineering or science background?

Ans. Yes. IGNOU MBAFM is open to graduates from any discipline. The only requirement is a bachelor's degree with 50% marks (45% for reserved categories). Many engineers and science graduates pursue this programme to transition into finance roles or to add a management qualification to their technical background.

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Sangam Patari

2.2Helpful

MBA, Financial Management

Reviewed on Mar 1, 2024(Enrolled 2021)

IGNOU MBA overall review

Dislikes

There exam is clashes support you have back paper
There information are not provide correctly and different cources are different details required

Fees and Financial Aid:

Total fee structure is 70000 in two year Per semester 16000 and exam fee per subject 200 In previous they give scholarship but in new rule in distance mode they did not provide scholarship In distance mode there is not job role

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Ashish mishra

3.8Helpful

MBA, Financial Management

Reviewed on Nov 11, 2023(Enrolled 2023)

Things You Should Know About IGNOU (MBAFM)

Likes

IGNOU fees is very less which make it affordable for students like any other private college take 10-15 lakh for MBA but in IGNOU I can complete my MBA in 62000 ruppes.
Classes Take place only on weekends . So, You can utilize your weekdays for other work like JOB, Internship or learning new skills.
Book Content of IGNOU course books are very good with example.

Dislikes

Like I have listened from the student that IGNOU Delays the term end exam result.
And the delivery of course material is very late for few students.

Fees and Financial Aid:

I have just took admission in IGNOU so I don't rigth now their is no fees hike but in IGNOU fees hike took place once in 4-5 year. ANd IGNOU fees is very less every one can afford that is why IGNOU has hihest no. of students because they provide quality education in less fees. Their books contain so much good content. Don't know much about financial assistance and stipend as i just joint the university and its my 1st sem

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