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MBA Finance Distance: Admission, Top Colleges, IGNOU, Symbiosis, Syllabus, Scope 2024

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Ahana Bhaduri

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MBA Finance distance courses are very useful because while doing this course, one can also keep continuing their professional career. MBA Finance Distance is a 2-year degree course and the basic eligibility is that the student must be a graduate with 50% in any stream. 

Several renowned institutes offering an MBA in Finance in distance education mode include – SOL DU, IGNOU and ICFAI (Agartala). The average fee for any of the b-schools in India offering MBA Finance in Distance mode can range between INR 30,000 to 2,50,000 per annum. 

Students after completing MBA Finance in distance mode gets an average salary of INR 7,00,000 to INR 10,00,000. 

MBA Finance is considered as the most sought after MBA specialization. Graduates who are currently working in an organization or plan to pursue a CFA or Financial Risk Management course should opt for an MBA in Finance in distance mode. 

MBA Finance Distance Learning Admission Process

Majorly, MBA distance education admissions are done on the basis of a candidate’s marks scored in management exams like CAT, MAT, XAT and ATMA. However, several institutes like IGNOU, conduct their own entrance test for admission to an MBA program in distance learning mode. 

Although the minimum eligibility criteria for applying to a b-school is similar for almost every institute i.e. 50% academic aggregate in 10+2, some colleges do have supplementary requirements for admission to an MBA in Finance in distance mode. For instance, a valid CAT score or 2+ years of work experience (preferably in the same domain). 

The admission requirements for any of the top institutes to pursue an MBA in Finance in distance education mode is given below in a tabulated format: 

MBA Finance Distance Eligibility and Entrance Exams 

College Name City Eligibility
NMIMS Global  Mumbai Bachelor’s degree in any discipline with 50% aggregate marks; At least 2 years of work experience
Indira Gandhi National Open University (IGNOU) Delhi 50% marks in graduation (45% for reserved category); Minimum cut off in OPENMAT  
Symbiosis Centre for Distance Learning (SCDL) Pune Graduation in any discipline from a UGC recognized university; Minimum test scores in – MAHCET, NMAT, XAT, etc.
School of Open Learning (DU SOL) Delhi Bachelor’s degree with at least 50% marks; A valid CAT score  
Amity University Noida Graduate in any discipline from a recognized university 

MBA Finance Distance Learning Skills required 

Apart from the above-mentioned requirements, a candidate must exhibit a certain set of skills in order to qualify the Group Discussion and/or Personal Interview rounds.

Management Experience Problem-Solving Skills
Interpersonal Skills Analytical Ability

A good way to prepare for the interview sessions is by collecting experiences from candidates who have appeared in the Group Discussion or PI rounds. This will help an aspirant tread in the appropriate direction.

Top MBA Distance Education Colleges in India

Out of 6200+ colleges offering MBA, only a few renowned institutes provide the course in a distance education mode. However, with the approval of UGC-DEB to grant correspondence classes for MBA, popular institutions like XLRI and ISB have also joined the list. Top institutes that offer an MBA in Finance in distance education mode are mentioned below along with the degrees/programs offered: 

College Name Duration Average Annual Fees (INR) Degree(s) Offered
Narsee Monjee Institute of Management Studies (NMIMS) 1.5 years 2,50,000 PGD
Indira Gandhi National Open University (IGNOU) 2 to 5 years 32,000 MBA/PGDM
Symbiosis Centre for Distance Learning (SCDL) 2 years 50,000 PGD
ICFAI University, Directorate of Distance Education 1 – 2 years 65,500 MBA(2 years)/PGD(1 year)
IMT Centre for Distance Learning (IMT-CDL) 2 years 56,000 PGDP/PGD
All India Management Association (AIMA) 2 years 63,000 PGDM
Madurai Kamaraj University (MKU) 1 – 2 years 45,000 PGD(1 year)/MBA(2 years)

There are more than 6,000 b-schools across India to pursue a distance MBA in Finance from. Some of the popular choice for while selecting a college to pursue MBA in distance mode are – IGNOU, Symbiosis Institute of Business Management, Lovely Professional University, etc. 

Key highlights about pursuing an MBA in Finance in distance learning mode from any of these institutes are mentioned below: 

MBA Finance IGNOU

IGNOU offers MBA Banking and Finance Course. Apart from MBA Banking and Finance IGNOU also offers PGD Financial Markets Practice. MBA Banking and Finance was launched due to an understanding between IGNOU and the Indian Institute of Banking and Finance (IIBF) in order to provide an avenue for post graduate academic qualification in Banking and Financial Services, for the members of the IIBF. MBA Banking and Finance is designed to cater to the customised needs of banking professionals with CAIIB certification. It helps to upgrade the managerial skills and capabilities of the banking professionals who are in-service.

Particulars  Details
Minimum Duration 2.5 Years
Maximum Duration 8 Years
Fees (INR) 37,800
Age  No Bar

MBA Finance IGNOU Eligibility

The Candidate should be a member of the Indian Institute of Bankers and should satisfy the following conditions :

  • The student should have passed the CAIIB examinations of Indian Institute of Bankers, Mumbai and awarded the required qualification/ credentials thereof by the institute.
  • The student should have been working in the banking or financial service sector for a period of at least two years.
  • The student should be a graduate from a recognised university.

Check: IGNOU MBA Admission 2024

NMIMS Global

NMIMS Global provides 2 year MBA course in blended and ODL mode. It provides knowledge about the fundamentals of finance, accounting, auditing and capital management. It dives deep into concepts of financial analysis, cost accounting, management accounting and its impact on general decision making.

Particulars Details
Batch starts on To be Announced
Mode Blended and ODL
Eligibility Bachelor degree or an equivalent degree recognized by Association of Indian Universities (AIU) with a minimum of 50% marks at Graduation Level. If it is less than 50% then the student must have 2 years of work experience.
Fees INR 1,44,000
Hiring Partners Zar, Zalaris, Aviva, Bajaj electricals, Brimstone Creative
Job Roles Financial Auditor, Financial Planning analyst, Accounts and Finance Manager, Investment Banking Analyst

MBA Finance Distance Learning IIM

IIM provides various courses which can be categorised as Distance MBA. IIMs provide Distance MBA in different names like Post Graduate Programs, Certificate Programs or Working Manager’s Programme. The fees ranges from INR 3,00,000 to INR 17,00,000.

Various Executive Management programmes in IIM are available for mid and senior-level working professionals. These programmes aren’t to be confused with Distance MBA and therefore the students are required to attend a couple of classes on weekends.

College Name Course Name Total Fees (INR)
IIM Raipur Post Graduate Program in Management for Working Executives 12,61,200
IIM Ranchi Certificate Programme in General Management 3,00,000
IIM Indore General Management Programme for Executives (GMPE) 3,50,000
IIM Lucknow Working Managers’ Programme (WMP) 13,55,000
IIM Ahmedabad ePost Graduate Programme (ePGP) 17,44,500

MBA Finance Distance Learning from LPU 

LPUDDE or Lovely Faculty of Distance Education offers various UG and PG courses. 

  • LPU is ranked at 38 among Best Business Management Schools of India.
  • The institute offers specialization in – Finance, HR Management, International Business, etc.
  • To be eligible for the program a candidate must score 55% or above in graduation and present qualifying test scores in CAT/LPUNEST/XAT or CMAT. 
  • LPU is known for its renowned placement cell. Popular recruitment companies at LPU include Amazon, IBM, Verizon, etc.

Check: LPU Distance Admission 2024

MBA Finance in Madras University

Madras University provides MBA financial Management on a self supporting basis. There are 50 seats for this mode of study in Madras University. The Admission process for MBA Finance in Madras University in distance learning is mentioned below:

  • Based on the marks scored by the candidates in the TANCET Exam.
  • For Foreign Nationals and NRIs, the marks scored in their degree courses will be the deciding factor, if the number of candidates applied for the category exceeds 6.

Annamalai University Distance MBA

Annamalai University – Directorate of Distance Education or AU DDE offer an MBA Finance in distance education mode among other UG and PG courses. 

  • The university is located in Chidambaram, Tamil Nadu.
  • Students are enrolled in the course based on the entrance exam conducted by the university.
  • The total course fee can add up to INR 15,000 per annum.
  • Interested candidates can apply to all courses offered by DDE, Annamalai University through online registration.

Check: Admission Process for Annamalai University MBA in Distance Education

MBA in Finance from Symbiosis Distance Learning

Symbiosis Center for Distance Learning can be one of the best options to pursue MBA from distance. Check out the points given below to know more about it.

  • Selection to this course is done on the basis of the qualifying exam and scores of MMS-CET/ GMAT/ NMAT/ CMAT/ CAT/ MAT/ ATMA/ XAT are accepted.
  • Specializations in Marketing, Human Recourse, Finance, operations and Management Accounting are offered.
  • Online classes are offered on a regular basis by the university.
  • The vital documents required are SSC and HSC Mark sheet and passing certificate, Graduation degree and mark sheets, Work experience documents, Name change documents (if any), 2 passport size photographs, photo identity proof, Resident proof certificate (for Foreign/SAARC candidates), Admission test scorecard (if applicable)

Check: Symbiosis Centre for Distance Learning, Pune Admission 2024

MBA Finance Distance: Syllabus

The course curriculum for MBA Finance consists of classroom training along with a practical approach to the course like industrial visits and case study evaluations. Syllabus for MBA Finance (distance education) is more or less similar to a regular MBA Finance course. A few of the course subjects along with electives (which a candidate may opt for according to their interest) are given below – 

Core Subjects  Electives
Organizational Behaviour  Portfolio Management
Management Science Financial Management
Business Communication International Financial Management
Marketing Management Financial Reporting
Information Technology Management Commercial Banking
HR Management Financial Risk Management
Marketing Research Corporate Taxation
- Indian Accounting Standards
- Fixed Income Securities

Candidates applying for the course are advised to visit Collegedunia.com for a detailed breakdown of the course curriculum. 

MBA Finance Distance Learning: Jobs

There are nearly 20 or more specializations designed for MBA programs, out of which MBA in Finance is considered to be the most preferred course. Since the subject revolves around financial principles like Management, Control and Review of the capital of any organization, the job designations offered after completion of the program are related to funds and financial expertise. 

Distance MBA in Finance can help working executives or aspiring entrepreneurs achieve their goals and look for further opportunities for growth within their respective company. A list of job designations for MBA in Finance graduates are mentioned below: 

Job Designation Job Responsibility Average Salary Top Recruiting Companies
Financial Analyst Improving the financial status of the company, aiding the company to gain profit, etc.  INR 4.5 LPA J.P. Morgan, NVIDIA, Genpact, etc. 
Finance Manager Reviewing financial reports, monitoring accounts, preparing financial forecasts, etc. INR 10 LPA Godrej, HDFC Bank, ICICI Lombard, etc. 
Chief Financial Officer Managing the company’s finances and financial reporting INR 20 LPA Meru, Vedanta Ltd., Easemytrip.com, etc.
Finance Controller Accounting operations, production of periodic financial reports, maintaining a record of accounts INR 12.6 LPA Accenture, Muthoot Finance, Oracle, Bajaj Allianz, etc. 
Operations Manager Ensuring the smooth functioning of the organization, working with the operations department of the company, etc.  INR 7.8 LPA Zomato, PVR Ltd., etc.

With the rise in financial intelligence among the entrepreneurs and foreign companies investing in Indian businesses, we can assume that the future prospects of an MBA in Finance graduate are quite high. 

Although most MBA Finance grads do not opt for higher studies, a graduate in MBA Finance can pursue further professional degree courses like a certificate in project management or a financial risk management cou

MBA Finance Distance: FAQs

Ques: What are the best institutes to pursue a distance MBA in Finance?

Ans: Some of the best colleges for pursuing an MBA through distance mode are mentioned below.
  • Narsee Monjee Institute of Management Studies, Global Access School for Continuing Education (NGA-SCE)
  • Indira Gandhi National Open University (IGNOU)
  • Symbiosis Centre for Distance Learning (SSDL)
  • Institute of Management Technology, Centre for Distance Learning (IMT-CDL)
  • ICFAI
  • Sikkim Manipal University
  • Annamalai University

Ques: Who should apply for a distance MBA program? 

Ans: Ideally, working professionals who wish to improve their knowledge in management and seek promotion in their respective organizations should opt for distance MBA course.

Ques: What is the admission process for distance MBA through IGNOU?

Ans: In order to apply for an MBA course through IGNOU, a candidate must write the OPENMAT exam. Apart from a valid score in OPENMAT/CAT, the candidate must also score 50% or above in their graduation exams. 

Ques: Does LPU provide distance MBA in Finance? 

Ans: Yes LPU does provide distance education programs via LPUDDE or commonly known as Lovely Faculty of Distance Education. 

Ques: What is the difference between an Executive MBA and a distance MBA?

Ans: Executive MBA or EMBA is designed for working professionals with at least 6 to 12 years of experience, whereas candidates with less than 4 years of experience go for a distance MBA. An EMBA provides high ROI to the candidates and the organization in which they are working. Unlike distance MBA where students have the freedom to study as per their convenience, EMBA classes are generally conducted during the evening. The course duration also differs in both the programs. While an EMBA has a course duration of a year, a distance MBA may have a duration of 1 to 2 years. 

Ques: Is the admission process for MBA distance learning similar to a regular MBA?

Ans: Yes, the admission process for both the course is somewhat similar. However, unlike the admission process for a regular MBA, students are generally excused from group discussion and personal interview rounds while applying to a distance MBA program. 

Ques: Should I opt for a regular MBA or choose between EMBA and distance MBA?

Ans: It depends upon your future goals. Students who wish to try the old school method should complete their regular MBA after graduation. Similarly, working professionals seeking promotions in their organization should opt for an EMBA or Distance MBA.  

Ques: What is the value of a distance MBA through ICFAI?

Ans: Completing a distance education program from ICFAI has its own perks in terms of brand value and popularity in the market as compared to other colleges offering a distance MBA. The college has 4 modules under its course structure. While students after completing module 1 get a certificate in Business Basics, those who successfully complete all the 4 modules get an MBA degree.

Ques: Which is better? Pursuing an MBA from IGNOU or Symbiosis? 

Ans: Pursuing an MBA from these institutions have their pros and cons. For instance, Although IGNOU has a shining reputation in terms of offering distance education to students, Symbiosis has been known to provide educational programs to employees of many reputable MNCs like Vodafone, Cipla, etc. The course duration and fee structure also differ in both the institutes. Students are advised to visit Collegedunia.com for a detailed analysis of the courses. 

Master of Business Administration [MBA] (Finance) : 70 answered questions

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Ques. How good is the department of financial studies MBA (FM), Delhi University?

● Top Answer By Akriti Banerjee on 15 Sept 23

Ans. My brother was a student at this college and so this answer is based on his experience solely. The Department of Financial Studies is a CFA-affiliated college wherein you can get a scholarship for pursuing a CFA degree. Its MBA program is highly coveted. It's the best option for you if you want to pursue a career in Finance and fail to make it to other B Schools. Here are some factors to consider  Fees: The low fees charged by DFS is the USP of the college. You can pursue an MBA at just 26000. IIMs fees on the other end are very high Around 13–24 lakhs. So DFS offers a better ROI than IIMs. Curriculum: Curriculum-wise, DFS cannot be compared to IIMs that have excellent course structure at par with foreign universities. DFS follows the semester pattern, unlike the trimester pattern in IIMs. IIMs conduct case study competitions but this is not the case at DFS. Faculty : DFS has some very well-educated and experienced faculty members much better than at least the new IIMs. Placement: The placements at DFS are at par with new IIMs only and not other top IIMs.  Alumni: The small batch size of DFS has failed to establish an elaborate alumni base in contrast to IIM Ahmedabad. Ultimately, if you don’t want a huge loan to repay at the end of 2 years or the IIM tag, DFS is the best optionRead more
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Ques. How are the placements in the NL Dalmia College for an MBA in finance?

● Top Answer By Tanisha Jain on 27 May 22

Ans. NL Dalmia placements are good for MBA in Finance. During 2022 placements Finance was the top sector recruiting students. Students received an average CTC of INR 6.5 LPA. The highest CTC offered in this sector goes up to INR 13 LPA. Some of the major recruiters from the Finance sector are Crisil, HDFC, Amul, City Bank, etc. Read more
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Ques. How is IMT Ghaziabad if you get a PGDM (finance) here?

● Top Answer By Tanuj Chandra on 16 Feb 23

Ans. IMT Ghaziabad consistently ranks amongst the top 20 MBA colleges in the country. In terms of exposure, you will have the opportunity to interact with good visiting faculty and your batchmates will be people who have ranked amongst the top percentile in CAT. The college also has a vibrant campus life with lots of extra-curricular activities. However, like all private-funded colleges, there are certain seats allotted to the management quota. When considering attending IMT Ghaziabad, it is important to consider your career goals. If you are looking for a pure finance role (PGDM) in front-end Investment banking or PE, IMT Ghaziabad may not be the best fit, as core finance roles are limited. However, there are opportunities for corporate finance jobs and banks visit campus for recruitment.Read more
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Ques. What is the difference between PGDM BFSI and PGDM Finance at IMT Ghaziabad ?

● Top Answer By Sreetoma Gupta on 04 Jun 23

Ans. The emphasis of the curriculum distinguishes the IMT Ghaziabad PGDM Finance programme from the full-time PGDM program. A general management education, including instruction in marketing, finance, operations, and strategy, is provided via the full-time PGDM programme. The program's participants will enroll in a range of business-related courses. On the other side, the PGDM Finance programme specialises in finance and related fields. With the option to specialise in fields including corporate finance, investment banking, and financial analysis, students in this programme will take courses that are highly focused on accounting and finance.Read more
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Ques. How good is IMT Hyderabad for MBA in Finance in terms of ROI?

● Top Answer By Nivedita Trivedi on 11 Jul 23

Ans. There is no fixed ROI one can expect after completing MBA in Finance from IMT Hyderabad. It all depends on your academic profile and the way you spent 2 years here. Some students here come just for enjoying campus life while some take academics seriously and give it their all. The ROI directly depends on your skills and performance in the interview and cannot be generalized.Read more
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Ques. Which is better, IMI Delhi PGDM or IMT-G PGDM Finance?

● Top Answer By Ankit Bhansali on 03 Mar 23

Ans. Both the options you mentioned, IMI Delhi PGDM and IMT G Finance are good in their own individual aspects. So you should rather be asking which is better for you. Now this depends on what you really want from your PGDM. By choosing PGDM Finance you will limit yourself only to the Finance sector, whereas a PGDM core will give you a chance to explore various domains before selecting your specialization. The former is a good option if you are certain about your interest in Finance and want to excel in that sector no matter what while the latter is good if you are open to all options. Talking about IMI Delhi in general, the B School offers an abundance of opportunities through student bodies and other student driven activities. Moreover the additional locational advantage is what makes it a fairly good option. The batch size is also not too big and thus balances the student teacher ratio. Placements are pretty decent at IMI Delhi. The IMI Delhi average package (overall) offered during 2023 placements was INR 17.01 LPA. For PGDM, PGDM (B&FS), and PGDM (HR) the average package stood at INR 17.20 LPA, INR 16.48 LPA, and INR 15.58 LPA, respectively. The primary highlight of the B School is its student exchange program wherein students from foreign universities join the B School for a fixed period while students from IMI Delhi visit a foreign university in exchange. All these factors make IMI Delhi a very good choice in comparison to IMT G.Read more
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Ques. Which is best -MBA in finance from ISB Hyderabad or top IIMS A/B/C?

● Top Answer By Prakriti Sharma on 30 Jan 23

Ans. ISB Hyderabad is known for its lack of specialization in Finance. It’s a common understanding now that even if one is preferring ISB Hyderabad for admission, they know that they should go for anything but Finance. Studying some aspects will give you a deeper insight as to why MBA in Finance from ISB Hyderabad is not recommended. Faculty: Although the visiting faculty is quite decent, it’s the domestic faculty that has ruined the culture at ISB. They are arrogant, pathetic, and extremely incapable. They insult the students regularly and disturb student-teacher relations. Placements: The roles offered in Finance were below average like Operations, Sales, and BD roles. Such roles were offered in abundance by the banks or start-ups. However, the superior roles like IB/PE/VC/M&A/FP&A/Equity Research/Credit Rating/Asset Management/TAS were offered scarcely. For instance  only 10 FP and A roles were allotted that too only to CAs Only one Investment banking role was offered by Barclays Only 5 PE/bc roles were offered and there was a strong preference for a prior IB/PE/VC experience and IIT undergraduate background. One M and A role was offered only 4 Asset Management and zero Equity Research and Credit Rating roles were offered. So the best roles were offered limitedly while the batch size stood at 900. Most students ended up with unsatisfactory placements. Now you can decide whether or not to join if you are confident to face the placement scenario.Read more
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Ques. Which college would you go for if you were interested in an MBA in finance among new IIMs and IIT Madras?

● Top Answer By Lovish Bajaj on 21 Jun 24

Ans. Almost all of the colleges listed here are in the top 20 list of MBA colleges in India for Finance. Among the new IIMs, the ones good for Finance are IIM Ranchi, IIM Rohtak, IIM Raipur, IIM Udaipur, and IIM Kashipur.  The table below draws a comparison of the MBA programs offered by the institutes. Institute Fees Average CTC New IIMs IIM Ranchi- 17.5 Lakh IIM Ranchi- 18.37 LPA IIM Rohtak- 17.6 Lakh IIM Rohtak- 19.27 LPA IIM Raipur- 16.1 Lakh IIM Raipur- 19.7 LPA IIM Udaipur- 19 Lakh IIM Udaipur- 20.3 LPA IIM Kashipur- 17.3 Lakh IIM Kashipur- 18.10 LPA IIM Shillong 22.71 Lakh 26.1 LPA XIMB 21.3 lakh 15.12 LPA IMT Ghaziabad 21.5 lakhs 16.56 LPA IIT Madras 10.9 lakhs 16.93 LPA IMI Delhi 22.25 LPA 17.20 LPA TAPMI  19.45 LPA 13.84 LPA Top recruiters at these institutes include Tata Steel, Cognizant, Capgemini, Accenture, Apollo Munich, Godrej, Emami, Nestle, Titan, Maruti Suzuki, PCBL, HDFC Bank, Mu Sigma, Larsen & Toubro, GMR, Tata Steel, Godrej & Boyce, and Vedanta and many more.  All of the mentioned institutes are good for MBA in Finance. However I would recommend IIT Madras as it has the lowest fees and a good average package.Read more
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Ques. How good is NL Dalmia for MBA in finance? My other options are SIES (MMS) & Welingkar (PGDM). Any help will be appreciated?

● Top Answer By Akash Roychowdhury on 08 Jun 21

Ans. Before joining any college it's better to perform some research on it. The foremost thing is you need to know all the placement details from alumni or the students who are currently studying in that college. Don’t choose a college based only on their advertisement. Dalmia NL, SIES (MMS), and Welingker(PGDM) all these colleges are well-reputed institutions in Mumbai for management studies. I have friends pursuing their studies at these colleges. Based on what I heard, I will say N L Dalmia is the best college among these three. It has better placement records, ranking, and reputation. For Finance specialization, N L Dalmia has a limited student intake, i.e. 60 seats. Additionally, the institute has Mumbai's first Bloomberg Finance Lab. It has a placement average of 100%. The average package for placement in the finance stream is around 6.5 lacs, while the highest package offered is above 13 lacs. So, N L Dalmia is definitely a better choice. But before making a decision, do your own research first.Read more
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Ques. What is the cutoff of NL Dalmia for a PGDM in finance?

● Top Answer By Tithi Aggrawal on 05 Sept 23

Ans. NL Dalmia does not follow the exact cutoff criteria. The cutoff ranges from 92 to 95% for the general category. The admission process is based on your score in the entrance examination and the interview conducted by the institute. This institute accepts various entrance examinations like XAT, CAT, CMAT, ATMA, etc. for a PGDM program. Read more
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