The IGNOU Master of Business Administration (Financial Management), or MBAFM, is a two-year postgraduate management degree offered through Open and Distance Learning (ODL). It is designed for fresh graduates and working professionals who want a finance-focused MBA.
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💬 GET NOTES ON WHATSAPPIGNOU MBAFM: Programme Overview
According to IGNOU, the MBAFM programme is AICTE-recognised and is designed to build the skills needed for careers in business and management. The courses are contemporary and cover diverse areas of study in business and management. The programme is designed for both fresh graduates and working personnel.
Programme Objectives (as stated by IGNOU)
- Understand the concept of business management.
- Develop an innovative, competency-based approach in the area of management.
- Build the knowledge needed to become a good manager in line with the present needs of corporations.
- Develop managerial skills for successful and profitable operation of businesses.
- Develop financial management skills for effectively managing an organisation.
Who Is This Programme For?
IGNOU describes the target group as working personnel, professionals and fresh graduates who want a management qualification to upgrade and refine their management skills, capabilities and orientation.
Career Pathways
IGNOU says the programme offers pathways to roles in corporate finance, investment analysis, financial consulting and strategic financial planning. It also mentions areas such as budgeting, cost management, financial modelling and capital structuring, with opportunities in PSUs, government organisations, private enterprises, MNCs and financial institutions.
Programme Coordinator: Prof. Kamal Vagrecha, School of Management Studies (SOMS), IGNOU.
Eligibility & Admission Process
A Bachelor's degree of at least 3 years' duration with at least 50% marks (45% for candidates belonging to a reserved category). Candidates can enrol without appearing for any entrance test.
- Applications are submitted online through the IGNOU admission portal (Samarth): ignouadmission.samarth.edu.in.
- Create a user ID and password, fill in the admission form and upload the required documents. No printed copy needs to be sent to the Regional Centre.
- You register for the programme in the first semester and then re-register for each following semester.
- The fee is paid online by net banking, debit card or credit card.
Official programme page: ignou.ac.in/schools/programme/MBAFM. Student Handbook & Prospectus: MBAFM Prospectus (PDF).
Duration, Programme Structure & Credits
| Feature | Details |
|---|---|
| Minimum duration | 2 years (4 semesters) |
| Maximum duration | 4 years |
| Total courses | 28 courses (including the project, which counts as one course for registration but is equivalent to two) |
| Core courses | 19 core courses of 4 credits each (76 credits) |
| Specialisation courses | 8 courses of 4 credits each (32 credits), 4 in Semester 3 and 4 in Semester 4 |
| Project | MMPP-001, 8 credits |
| Total credits | 116 credits |
| Study hours | 1 credit equals 30 hours of learner study, so a 4-credit course involves about 120 hours |
Learners are allowed to register for seven courses per semester. Semesters 1 and 2 have all-compulsory courses.
A learner who completes the Semester 1 and 2 courses (56 credits) can, on specific request, exit with a Post Graduate Diploma in Management (PGDIM).
MBAFM Fee Structure
| Category | Full Programme | Semesters 1, 2 & 4 (each) | Semester 3 |
|---|---|---|---|
| Indian students | ₹66,000 | ₹16,000 | ₹18,000 |
| SAARC students | ₹72,500 | ₹17,500 | ₹20,000 |
| Non-SAARC students | US$ 6,000 | US$ 1,400 | US$ 1,800 |
Examination fees are not included in the programme fee. Registration and development fees apply as per the university portal. Semester 3 costs more because it includes the 8-credit project. A learner who opts for the soft copy of the study material instead of print gets a 15% concession in the programme fee. Fees can change, so confirm the latest amounts on the IGNOU admission portal.
MBAFM Semester-wise Syllabus
All courses below carry 4 credits unless stated otherwise. The list follows the IGNOU MBAFM programme page and the Student Handbook & Prospectus.
Semester 1 (7 Core Courses)
| Code | Course Title | Credits |
|---|---|---|
| MMPC-001 | Management Functions and Organisational Processes | 4 |
| MMPC-002 | Human Resource Management | 4 |
| MMPC-003 | Business Environment | 4 |
| MMPC-004 | Accounting for Managers | 4 |
| MMPC-005 | Quantitative Analysis for Managerial Applications | 4 |
| MMPC-006 | Marketing Management | 4 |
| MMPC-007 | Business Communication | 4 |
Semester 2 (7 Core Courses)
| Code | Course Title | Credits |
|---|---|---|
| MMPC-008 | Information Systems for Managers | 4 |
| MMPC-009 | Management of Machines and Materials | 4 |
| MMPC-010 | Managerial Economics | 4 |
| MMPC-011 | Social Processes and Behavioural Issues | 4 |
| MMPC-012 | Strategic Management | 4 |
| MMPC-013 | Business Laws | 4 |
| MMPC-014 | Financial Management | 4 |
Semester 3 (Core + Project + 4 Finance Specialisation Courses)
| Code | Course Title | Type | Credits |
|---|---|---|---|
| MMPC-015 | Research Methodology for Management Decisions | Core | 4 |
| MMPC-016 | International Business Management | Core | 4 |
| MMPP-001 | Project Report | Project | 8 |
| MMPF-001 | Working Capital Management | Specialisation | 4 |
| MMPF-002 | Capital Investment and Financing Decisions | Specialisation | 4 |
| MMPF-003 | Management Control Systems | Specialisation | 4 |
| MMPF-006 | Management of Financial Services | Specialisation | 4 |
Semester 4 (Core + 4 Finance Specialisation Courses)
| Code | Course Title | Type | Credits |
|---|---|---|---|
| MMPC-018 | Entrepreneurship | Core | 4 |
| MMPC-019 | Total Quality Management | Core | 4 |
| MMPC-020 | Business Ethics and CSR | Core | 4 |
| MMPF-004 | Security Analysis and Portfolio Management | Specialisation | 4 |
| MMPF-005 | International Financial Management | Specialisation | 4 |
| MMPF-007 | Equity Markets | Specialisation | 4 |
| MMPF-011 | Management of Insurance Services | Specialisation | 4 |
The IGNOU programme page lists MMPC-018 as Entrepreneurship, while one table in the Student Handbook & Prospectus names the first Semester 4 core course differently. Always confirm your exact course list with the study material and the latest prospectus issued for your session.
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💬 GET NOTES ON WHATSAPPKey Finance Courses at a Glance
These are the main finance courses in MBAFM, with the block structure described by IGNOU.
| Course | What It Covers |
|---|---|
| MMPC-014 Financial Management (Semester 2) | 5 blocks and 15 units: Financial Management – An Overview; Cost of Capital and Investment Decisions; Financing Decisions; Dividend Decisions; Emerging Issues in Finance (behavioural finance and financial restructuring). |
| MMPF-001 Working Capital Management (Semester 3) | Operating environment of working capital, assessing working capital requirements, receivables, cash, marketable securities and inventory, financing of working capital, bank borrowings, and working capital in SMEs. |
| MMPF-002 Capital Investment and Financing Decisions (Semester 3) | Long-term financial decisions, cost of capital, capital structure, investment decisions under certainty and uncertainty, long-term financing (domestic and global), and strategic financing decisions. |
| MMPF-003 Management Control Systems (Semester 3) | Concepts of management control, responsibility centres, transfer pricing, the management control process (budgeting, performance measurement, rewards) and control in special organisations. |
| MMPF-006 Management of Financial Services (Semester 3) | Financial services and markets, merchant banking, broking, credit rating, mutual funds, depositories, leasing, venture capital, factoring, securitisation, payment systems and portfolio management services. |
| MMPF-004 Security Analysis and Portfolio Management (Semester 4) | 4 blocks and 15 units on evaluating securities, risk measurement, portfolio construction and portfolio management approaches. |
| MMPF-005 International Financial Management (Semester 4) | 4 blocks: International Financial Management; Foreign Exchange Market and Risk Management; International Financing Decision; International Investment Decisions. |
| MMPF-007 Equity Markets (Semester 4) | 5 blocks and 14 units: primary and secondary markets, valuation of securities, portfolio management, mutual funds, index construction, investment styles and trading strategies. |
| MMPF-011 Management of Insurance Services (Semester 4) | Insurance intermediaries and distribution, life, health, motor, property and agriculture insurance, corporate governance, solvency, asset-liability management and the role of IRDAI. |
Study Material
- IGNOU provides self-instructional printed study material in blocks and units. Learners can opt for a soft copy instead of print and receive a 15% concession in the programme fee.
- Digitised material is available free on eGyanKosh (egyankosh.ac.in), the digital repository of the university.
- The IGNOU e-Content mobile app lets learners read course material on phones and tablets.
- Support includes counselling at Learner Support Centres, audio-visual programmes and teleconferencing through IGNOU's broadcast channels.
- The project course MMPP-001 has no separate study material. A project guideline document is provided instead.
Assignments
- There is one graded assignment per course, carrying 30% weightage.
- Assignments are available on the IGNOU website. IGNOU does not send hard copies.
- Submission is compulsory. You cannot appear in the Term-End Examination of a course until you have submitted its assignment.
- Submit your assignments to the Coordinator of the Learner Support Centre you are attached to. Take an acknowledgement.
- The tentative schedule lists the last date as 30 April for the January–June semester and 31 October for the July–December semester. Always check the date printed on your assignment, as dates can change.
- If you do not get a pass grade in an assignment, you must submit it again. Once you pass, you cannot resubmit it to improve the grade.
Use A4 paper, leave a 4 cm left margin, write in your own hand (do not print or type the answers), and write each assignment separately. Copying from the study material or from other students can lead to zero marks or rejection. Keep a copy of everything you submit.
Examination, Evaluation & Passing Criteria
| Component | Weightage |
|---|---|
| Assignment (continuous evaluation) | 30% |
| Term-End Examination (TEE) | 70% |
| Project course (MMPP-001) | Evaluated only on the project report |
Grading System
| Grade | Percentage | Meaning |
|---|---|---|
| A | 80% and above | Excellent |
| B | 60% to 79.9% | Very Good |
| C | 50% to 59.9% | Good |
| D | 40% to 49.9% | Satisfactory |
| E | Below 40% | Unsatisfactory |
To qualify in a course, you need an overall grade of at least C (50% or above).
Term-End Examination Details
- TEEs are held twice a year, in June and December.
- You must fill in the examination form online for every exam cycle. The examination fee is ₹200 per theory course as per the prospectus, so check the current fee when the form opens.
- To be allowed to appear, your registration must be valid, your assignment submitted and the exam fee paid.
- Hall tickets are uploaded on the IGNOU website (Samarth portal). Carry your valid IGNOU student ID card.
- Re-evaluation of a theory answer script costs ₹750 per course and must be requested within 40 days of the result. A photocopy of the answer script costs ₹100 per course and must be requested within 30 days.
Project Course (MMPP-001)
MMPP-001 is the 8-credit project course, equivalent to two courses and registered in Semester 3. Its purpose is to help learners apply management concepts, tools and techniques to analyse organisational problems. The topic should preferably be in your area of specialisation, which for MBAFM is finance.
- Choose a topic. This can be a comprehensive case study, an inter-organisational study or a field study.
- Select a guide. IGNOU lists eligibility criteria for guides, such as approved academic counsellors or professionals with the required qualification and experience. A guide can supervise at most five students at a time.
- Prepare and submit the synopsis. It goes to your Regional Director along with the signed proforma and the guide's bio-data (not needed for approved counsellors). Work on the project can begin only after the synopsis is approved.
- Prepare the report. The expected length is about 50 to 60 double-spaced typed pages, not exceeding roughly 18,000 words (excluding appendices and exhibits).
- Submit the report to the Registrar (SED), IGNOU, New Delhi. A project evaluation fee of ₹500 applies as per the prospectus, and a viva-voce may be required if the evaluator recommends it.
A report submitted between 1 December and 31 May is declared with the June TEE results. A report submitted between 1 June and 30 November is declared with the December TEE results. The report must be original and free from plagiarism.
Important Instructions for IGNOU MBAFM Students
- Re-register for every semester on time, whether or not you have appeared in or passed the earlier exams.
- Download and submit assignments before the due date, since late assignments may be rejected.
- Fill the TEE form afresh for every June and December cycle.
- Change of course or elective is allowed only within 30 days of receiving the first set of material, for a fee of ₹600 per course.
- Verify fees, dates and rules on ignou.ac.in, because the university can change rules and schedules.
- For admission, study material, exam or result problems, use the IGNOU grievance portal (iGRAM) or contact your Regional Centre.
Frequently Asked Questions (FAQs)
What is MBAFM at IGNOU?
MBAFM is the programme code for the IGNOU Master of Business Administration (Financial Management), a two-year ODL degree offered by the School of Management Studies. It combines core management courses with finance specialisation courses.
What is the eligibility for IGNOU MBAFM?
You need a Bachelor's degree of at least 3 years' duration with at least 50% marks (45% for reserved category candidates). No entrance test is required.
What is the duration of IGNOU MBAFM?
The minimum duration is 2 years (4 semesters) and the maximum is 4 years.
What is the total fee for IGNOU MBAFM?
For Indian students the full programme fee is ₹66,000, paid as ₹16,000 each for Semesters 1, 2 and 4 and ₹18,000 for Semester 3. Registration and development fees apply as per the portal, and examination fees are separate.
How many courses and credits are there in MBAFM?
The programme has 28 courses with a total of 116 credits: 19 core courses, 8 finance specialisation courses and the 8-credit project course.
What are the finance specialisation courses in MBAFM?
They are Working Capital Management, Capital Investment and Financing Decisions, Management Control Systems and Management of Financial Services in Semester 3, and Security Analysis and Portfolio Management, International Financial Management, Equity Markets and Management of Insurance Services in Semester 4.
What is the evaluation pattern and passing criterion?
Assignments carry 30% and the Term-End Examination carries 70%. You need an overall grade of at least C (50%) to pass a course.
Is the project compulsory in IGNOU MBAFM?
Yes. MMPP-001 is an 8-credit project course registered in Semester 3. Its synopsis must be approved before you can start the project work.
When are the MBAFM exams held?
IGNOU conducts Term-End Examinations twice a year, in June and December.
Where can I get notes for MBAFM?
You can message us on WhatsApp at +91 9009368238 for easy-to-understand notes and academic study support for MBAFM courses.
📚 Need Notes for MBAFM – MBA (Financial Management)?
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💬 GET NOTES ON WHATSAPPDisclaimer: This website is an independent educational and study-support platform. It is not the official IGNOU website and is not affiliated with, endorsed by or approved by Indira Gandhi National Open University (IGNOU). The notes and academic support mentioned here are provided by this website and not by IGNOU. Programme information is compiled from IGNOU's official programme page and Student Handbook & Prospectus and may change, so please verify the latest details on the official IGNOU website (www.ignou.ac.in).