Master of Business Administration (Banking and Finance) (MBF) is a postgraduate qualification offered to IIBF members by IGNOU due to an MoU. Providing in-service banking personnel with a postgraduate level degree has been deemed necessary to enhance their managerial skills, capabilities, and orientation.
Indian Institute of Banking and Finance (IIBF)
The Indian Institute of Banking and Finance (IIBF) is a professional organization that represents the interests of banks, financial institutions, and their employees in India. It was established in 1928 as a company under Section 25 of the Indian Companies Act, 1913.
IIBF has gained a reputation as being among the leading institutes in Banking and Finance education for people already working in the sector or seeking employment. In the Banking & Finance domain, the Institute awards various qualifications, including JAIIB, CAIIB, Diplomas, and Certificates, covering different and current disciplines. In India, only the IIBF offers all the capacity-building courses stipulated by the Reserve Bank of India. By participating in the Continuing Professional Development Programmes, industry professionals have been able to maintain their professionalism.
The Institute is governed by a Governing Council, which includes officials from central Indian banks, the Reserve Bank of India, the Indian Banks' Association, the Institute of Banking Personnel Selection, and a scholar from the Indian Institute of Technology Bombay.
MBF Programme Features
The AICTE recognizes this Post Graduate Degree Programme. Leading management experts designed the program keeping in mind the latest industry standards and practices. These courses are relevant to the present-day needs, and they cover a wide range of subjects in business and management. This program is specifically designed for those in the financial and banking sectors. Key features of the program include:
The following conditions must be met for admission to IGNOU's Master of Business Administration (Banking & Finance) (MBF) programme:
Minimum: 2 Years
Maximum: 5 Years
Students may register or re-register for seven courses during each semester to complete the required 28 courses to get the MBA Degree in four semesters (i.e., two years). To enroll in the program, students must register in the first semester and re-register in subsequent semesters.
This course is taught in English.
There is a total programme fee of Rs.58,000/-. In the first, second, and fourth semesters, the student has to pay Rs.14,000/-, while in the third semester, the student has to pay Rs.16,000.
| Course Code | Course Title | Course Code | Course Title |
| Semester – 1 (7 Courses) | Semester – 2 (7 Courses) | ||
| MMPC-001 | Management Functions and
Organisational Processes |
MMPC-008 | Information Systems for Managers |
| MMPC-002 | Human Resource Management | MMPC-009 | Management of Machines and
Materials |
| MMPC-003 | Business Environment | MMPC-010 | Managerial Economics |
| MMPC-004 | Accounting for Managers | MMPC-011 | Social Processes and Behavioural
Issues |
| MMPC-005 | Quantitative Analysis for Managerial Applications | MMPC-012 | Strategic Management |
| MMPC-006 | Marketing Management | MMPC-013 | Business Laws |
| MMPC-007 | Business Communication | MMPC-014 | Financial Management |
| Semester – 3 (7 Courses) | Semester – 4 (7 Courses) | ||
| MMPC-015 | Research Methodology for
Management Decisions |
MMPC-017 | Advanced Strategic Management |
| MMPC-016 | International Business Management | MMPC-018 | Total Quality Management |
| MMPP-001 | Project Course (Equivalent to 2
Courses) and Four courses from any one of the specializations |
MMPC-019 | Total Quality Management |
| MMPC-020 | Business Ethics and CSR and Three courses from any one of the
specializations |
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Note: You can access the complete Student Handbook and Prospectus for MBF from here.
Students can apply online for admission to this program via IGNOU's website. A student can register for this program after checking the above-given eligibility conditions. In the first semester, the student must register for the program and then re-register for subsequent semesters. To pass ignou term-end exams with lesser time and effort you can always refer to ignou MBA help books or guides with solved previous papers with exam notes and guess papers.