IGNOU MBA Admissions 2020-2021 Fee Structure Prospectus Last Date

Ignou MBA Indira Gandhi National Open University (IGNOU) was established in year 1985. It is the world’s largest university with 40 lakh students enrolled in it across 21 schools of studies and 67 regional centers, and with the help of 29 overseas partners. The university was established to provide an opportunity to the students from…


Ignou MBAIgnou MBA

Indira Gandhi National Open University (IGNOU) was established in year 1985. It is the world’s largest university with 40 lakh students enrolled in it across 21 schools of studies and 67 regional centers, and with the help of 29 overseas partners.

The university was established to provide an opportunity to the students from the disadvantaged sections of the society. It quickly gained a lot of popularity and today, a degree from IGNOU is considered at par with full-time degree from other universities.

Working professions typically face a big hurdle in completing their education while still working in their jobs. IGNOU offers an excellent opportunity allowing them to complete their education at their own pace.

Latest Update

  • IGNOU registration for Openmat 2020 is over. The exam was conducted on 15th September.
  • The results for Openmat 2020 are awaited. Please check https://ignouexams.nta.nic.in/ for more details.
  • Registrations for Openmat 2021 will start soon. Please check https://ignouadmission.samarth.edu.in/.

IGNOU MBA Course Overview

MBA is offered by the school of management studies which was started in 1987. It offers 2 masters programs in management –

  • Master of Business Administration (MBA)
  • Master of Business Administration (Banking & Finance) (MPB)

The MBA program has 21 courses and students need not complete all of them. The final degree and specialization awarded to the student will depend on the number of IGNOU courses complete by her.

IGNOU follows a modular approach. This means students can drop out before completing the full course. The degree awarded will depend on courses completed as show below.

CourseCompulsory SubjectsElectives
Diploma in management (DIM)MS-1, MS-2, MS-3Only 2 out of MS-4, MS-5, MS-6, MS-7
Post Graduate Diploma in Management (PGIDM)1 course from MS-10, MS-91, MS-955 courses in a particular specialization
MBAMS-1 to MS-11, MS-95, MS-100, MS-91, 5 courses from a particular specializationAny one elective course out of MS-92,93,94,96,97

IGNOU allows you to complete the course at your convenience.

The MBA course can be completed in anywhere between 2 to 5 years.

MBA Courses Offered by IGNOU

Course NameTotal Fee
Master of Business Administration (MBA)Rs. 37,800/-
Post Graduate Diploma in Human Resource Management (PGDHRM)Rs.14,000/-
Post Graduate Diploma in Financial Management (PGDFM)Rs.14,000/-
Post Graduate Diploma in Operations Management (PGDOM)Rs.14,000/-
Post Graduate Diploma in Marketing Management (PGDMM)Rs.14,000/-
Post Graduate Diploma in Financial Markets Practice (PGDFMP)Rs.12,000/-

MBA Course plan

SemesterModules
1Any five courses from MS-1 to MS-9 and MS-11
2Rest of five courses from MS-1 to MS-9 and MS-11
3
  • Compulsory Courses MS-10, MS-95
  • Two specialization courses of your choice.
  • Project Course (MS-100) equivalent to 2 courses.
4
  • Compulsory Course MS-91
  • Three specialization courses from specialization stream opted in Semester-III and
  • Any one elective course out of MS-92, 93, 94, 96, 97

IGNOU MBA Eligibility Criteria

To be eligible for IGNOU MBA, candidate should have a graduate degree with minimum 50% for general category students and 45% for reserved category students. They also need to have 3 years of work experience and a valid Openmat score.

The detailed eligibility criteria for the admission at IGNOU for distance MBA are as follows:

  1. Education – The candidate must be a graduate from any recognized university with a minimum of 50% aggregate score (45% for reserved category students), with 3 years of managerial or supervisory experience. The candidate must otherwise have a professional degree in Medicine/Engineering/Accountancy/Cost and Works/Law, with a 50% aggregate in the degree.
  2. Academic Score – CGPA should be more than eligibility percentage requirement.
  3. Exam Score – The candidate must qualify for the OPENMAT exam that will be held that academic year by IGNOU.
  4. Age – The program entails no age restrictions.

Eligibility criteria for Master of Business Administration (Banking & Finance) (MPB)

To offer MBA education to banking professionals IGNOU has a specialized MBA program in collaboration with Indian Institute of Banking and Finance (IIBF)

  1. Candidate should be a member of Indian institute of bankers
  2. S/he should hold a graduate degree (no less than 3 years in duration) from a recognized university
  3. S/he should have passed CAIIB exam
  4. S/he should have at least 2 year’s of experience in banking and finance sector

IGNOU MBA Admission Procedure

The admission process has 2 stages –

  • Stage 1 – Qualify Openmat Exam
  • Stage 2 – Apply for IGNOU MBA admission

Step 1 – Verify the eligibility

Start by verifying that you are eligible for the program. Please refer the details under Eligibility section.

Step 2 – Obtain the prospectus

To begin with the IGNOU admission after verifying the candidate’s eligibility he must obtain the prospectus. The IGNOU prospectus may be obtained in person by paying Rs. 1000/- in cash at any of the regional centers or study centers of IGNOU Headquarters. The candidate may obtain it online by downloading from the IGNOU Official Website (http://ignou.ac.in/userfiles/MBA-HandBook2019.pdf), and pay the amount of Rs. 1050/- by DD and attach along with the filled in form. Furthermore, the candidate may also request the application by post, by sending a DD in favor of IGNOU.

Step 3 – Apply for IGNOU OPENMAT

Application form for Openmat has to be filled online only (https://ignouexams.nta.nic.in/). The application fee for the exam is Rs.600/- and it can be paid by Net Banking/Debit/Credit Card. OPENMAT 2020 was held on 15th September 2020 (2pm-5pm). The last date to apply for the Openmat 2020 exam was 15th September 2020.

Step 4 – Prepare and clear OPENMAT exam

The candidate must then write the OPENMAT exam, and pass it. The exam is conducted twice every year. The university decides the cut-off score every year and candidate must clear the cutoff to become eligible for the course. Candidate can also practice a mock test online http://14.139.116.16:90/Quiz/Login/IGNOU/1101.

The result of the exam will be declared in 6-7 weeks since the date of exam. Result card can be downloaded online from IGNOU website. (https://ignouexams.nta.nic.in/)

If a students qualifies the exam, s/he can apply for admission into the MBA program in any of the following two semesters. For example, student who qualifies April 2020 exam, can take admission in July 2020 or January 2021 semester.

Step 5 – Complete the Application Form (Form 2) and pay fees

Send the filled in form 2 of the application form along with the required documents to the IGNOU Regional Centre for admission. The required documents include: Attested copies of documents proving educational qualification, Original OPENMAT Scorecard and Hall Ticket, Category and Experience Certificate (if applicable), filled up identity card (Identity card is available in the prospectus), Identity proof. The applicant will also need to send the program fee as a DD along with the Form-2.

Ignou Course Schedule

IGNOU MBA Schedule

Fee Structure for IGNOU MBA 2020-2021

The total program fee for IGNOU MBA 2020-21 course is Rs. 37,800/- that can be distributed as Rs. 1,800/- for each of the 21 courses the program entails.

Course fee for each courseRs.1,800/-
Total Number of Courses21
Total IGNOU MBA Fee (Year 2020-21)Rs.37,800/-
Exam Fee Per CourseRs.150
Openmat Registration FeeRs.800

The Fee for international students from the SAARC Countries is Rs. 3000/- per course, and Rs. 63, 000/- for the entire MBA. Similarly for the international Non-SAARC students the fee per course is USD $250, and a total program fee of $7350.

The fee may be paid online or through demand draft in favor of IGNOU or also through Bank Challans at the designated India Bank and IDBI Bank Branches. Students need to mention their name, address and enrollment number at the back of the DD.

Besides the course fee, candidates are also required to Rs. 120 examination fee per course at the time of exams.

Fee once paid will not be refunded though university will pay it back only if the admission was denied.

Exam form submission dates

IGNOU Exam Form Submission Dates

Other Fees

During the course of the program, candidate is required to pay fees related to various activities –

Examination Form Fee

Students need to pay exam fees based on when the form for a particular exam cycle is submitted.

Exam CycleSemester Form Submitted betweenFees
January To June Cycle1-31st MarchNil
1-30th AprilRs.500
1-31st MayRs.1000
July To December Cycle1-30th SepNil
1-31st OctRs.500
1-30th NovRs.1000

Project Course Fees

As part of the MBA program, candidates can take up the project course MS-100 to get acquainted with the various practical application of the managerial concepts. The course is considered to be equivalent to two courses and students need to pay Rs. 3,600 to get admitted into it.

Re-registration Fee

Fee of Rs.1,800 is to be paid if Student fails to complete a course within 4 semesters. Students are also required to pay the re-registration fee in case they decide to change the course.

Important Dates

Last date to apply for IGNOU Openmat MBA Exam for July 2020 session was 15th September 2020 (further extended) (4 PM).

Applications for Openmat XLVII are closed. Please check https://ignouexams.nta.nic.in/ for more details.

The following are the important dates in the timeline of admissions at IGNOU:

Submission of OPENMAT application form28th February 2020 to 15th June, 2020
Last date for submission of Application forms15th September, 2020
Last date for application fee payment (Rs. 800/-)15th September, 2020
Download Admit card onlineAvailable online
Openmat XLVII Exam15th September, 2020
Result DeclarationTo Be Declared
MBA Admission application datesTo Be Declared

For Openmat XLVII details, please visit https://ignouexams.nta.nic.in/.

Please note that the dates for second Openmat exam in 2020 have not yet been declared.

Openmat for the MBA Programs is held twice a year, and the student must complete and submit his applications in time to be eligible for admissions. Once the candidate clears the exams, s/he can take admission in any of the following 2 semesters.

Exams MonthAdmission Semesters
AprilFirst Semester in July Cycle or Second Semester in January Cycle next year
JulyFirst Semester in January Cycle next year or Second Semester in July next year

Study Material

The study material for the MBA program is offered in multimedia format. Students will receive printed courses material through post. They will also get access online audio/video material that they can access from anywhere. Students can also interact with faculty at the study centers and clarify their doubts.

Scholarships

All students including the reserved category students are expected to pay the full tuition fee for the MBA course, but SC/ST students are eligible for scholarships from the central government. The students are advised to collect the forms from the Directorate of Social Welfare or Office of the Social Welfare Officer of the concerned State Government, and submit the filled in forms to the corresponding authority, to obtain the refund of the tuition fees.

Distance MBA Specializations Offered

IGNOU offers a wide range of specializations in its MBA courses, of which most are offered in collaborations with other universities. The university offers MBA specializations in:

  • Aviation Business
  • Banking and Finance
  • Biotechnology Management
  • Corporate governance
  • Hospitality and Healthcare management
  • Insurance
  • Information Technology (IT)
  • Retail
  • Textile
  • Services
  • Network Infrastructure
  • Marketing
  • HR
  • Finance
  • Production and Operations
  • Telecom Management
  • Approval

The courses on offer at IGNOU are AICTE approved, and the university is recognized as a central university by the UGC and has its courses approved by the Distance Education Council, India.

Ranking

Indira Gandhi National Open University is the largest Open University in the world, and is very well known for all its courses. Careers360 has ranked it as the best university for Distance Education throughout India in 2012. IGNOU has also ranked 17th among the traditional universities in India competing with the IITs, NITs, IIMs, etc. The university is ranked as the best institute in terms of reach and resources.

Contact Details

For any inquiries regarding admissions, the applicant may contact:
The Registrar
Student Registration Division (SRD)
Maidan Garhi, New Delhi-110068, India
Phone No. :011- 29532741
Fax No: 011- 29532686
E-Mail: [email protected]

Placement

The university has a dedicated Campus Placement Cell, to support the students in placement after completion of their distance education courses. The Placement cell is distributed over 6 regional centers of IGNOU having large IGNOU alumni so as to reach out the IGNOU alumni more effectively. The CPC cell of the university organizes Job fests for placement in the college.

Study Centers

IGNOU has a vast number of regional centers and study centers throughout the country and abroad, and caters to an overly large number of students. The details about the study centers are very well documented in the prospectus of the university. Nevertheless, the details may be obtained at: http://www.ignou.ac.in/ignou/aboutignou/studycentre/centre

Frequently Asked Questions

Is IGNOU degree valid for MBA?

Yes IGNOU graduate degree is valid for MBA program from any AICTE/UGC recognized institute in India.

How to apply for MBA in IGNOU?

You need to appear for the OpenMAT exam which is held twice a year. Once you clear the exam you need to pay the course fee and submit the admission form.

Where to get IGNOU MBA prospectus?

You can get a pdf version of the form online on IGNOU website http://ignou.ac.in//userfiles/MBA%20Prospectus%202020.pdf. You can also get it from the regional study centers. Please note that you need to pay Rs.1000 for the prospectus.

What is the eligibility criteria for IGNOU MBA course?

The candidates must have completed the graduation with 50% marks (45% for reserved category candidates). They also need to qualify Openmat exam. IGNOU also requires that candidate should have at least 3 years of relevant experience.

When is IGNOU openmat mba entrance examination?

The exam is conducted twice a year July and April. But the dates might vary from year to year.

What is the value of doing mba from IGNOU?

IGNOU is the largest open university in the world and it has earned quite a reputation in recent years. Many working executives working in banks and other government offices take up IGNOU courses to advance their career. Hence IGNOU courses have earned a wide acceptance in Indian corporate sector.

How much fees for mba in IGNOU?

IGNOU MBA costs Rs. 37,800. You might also need to pay additional fees for exams. IGNOU revises fee periodically. Please refer official brochure for latest updates.

Can I apply for Openmat exam offline?

No, the entire admission process is online.

What is the last date to apply for Openmat?

Last date to apply for Openmat 2020 was 15th September 2020. The dates for Openmat 2021 are not out yet.

Does IGNOU also provide placement after MBA?

IGNOU provides a distance MBA and hence does not provide an formal placement support. But IGNOU mba is recognized in the industry.

Is IGNOU OPENMAT tough

The exam is not as difficult as other MBA entrance tests like CAT, XAT, MAT or GMAT. With regular preparation students can easily clear the test. All those who clear the exam are eligible for admission.

What is the duration of the IGNOU MBA Program?

Generally, the MBA course can be completed in 2 years. Students can take maximum 5 years to complete the course.

What is the age limit to apply for IGNOU MBA?

There are no age restrictions. Anyone can apply so far other eligibility criteria are satisfied.

I am not an Indian. Can I apply for MBA offered by IGNOU?

Yes, many foreign students apply every year. Please refer the information brochure available on ignou site for more details.

Last Updated: October 21, 2020

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Author: Asaan Hai

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