ICFAI Online MBA 2024 – Admission, Fees, Eligibility Criteria & Placement



The ICFAI Online MBA course is a 2-year 4-semester course designed keeping in mind the students and working professionals. It is ranked 1st among the top 25 Online MBA institutes in India by Careers 360. This course is designed strategically to help working professionals and students who want to enter the corporate world.


Students and working professionals can get huge value and opportunities after completing this course. The ICFAI Online MBA course is designed keeping in mind 4 pillars those are Mastery, Innovation, Freedom and Belonging.


ICFAI Correspondence MBA aims to provide future-ready working professionals by giving them an education that is of top quality. By doing so they aim to improve the chances of fresh graduates getting placed in the corporate world.


When it comes to accreditation, recognition and rankings ICFAI Online MBA is accredited with an A+ grade by NAAC it is also accredited by AACSB, SAQS and the Association of Commonwealth Universities (ACU).


ICFAI offers 4 specializations for its students to choose from marketing, human resource management, finance, IT and operations management. Along with this, there are a total of 22 courses which a student can opt for in addition to project work and practicals. ICFAI offers a completely online course for its students.


ICFAI Online MBA Admission 2024


ICFAI Online MBA Admissions are held online so students can apply and start the admission process from the comfort of their homes. The ICFAI Online MBA Admission process can be divided into 6 main steps among which all the 6 steps are mentioned below for your reference:


Step 1 – Registration:

First, the candidate needs to register himself on the university’s official website by filling out some basic details like name, email, contact number, and DOB.


Step 2 – Filling the Application Form:

After completing the registration process students then will have to complete the application form by filling in various personal, professional and education-related details in this step.


Step 3 – Attach Documents:

After filling in all the required details the candidate then needs to attach documents for verification purposes. All the documents should be digital copies of original documents. Below is the list of all the documents required in this step:


  • SSC Certificate
  • HSC Certificate
  • Degree Certificate
  • Copy of Adhaar Card
  • Copy of Passport Size Photo
  • Copy of IELTS/TOEFL/NELTS Exam Results
  • Photograph
  • Signature


Step 4 – Screening:

In this process, ICFAI Online MBA holds two rounds of personal interviews and a PowerPoint presentation which the candidate needs to clear. Both these rounds are held virtually and ICFAI charges a fee of INR 1,000 for this screening process.


Step 5 – Fee Payment:

Once the admission department approves the candidate after the interview and screening round the student has to pay the program fees which change from program to program. The program fee can be paid through online mode or DD in favour of ICFAI.


Step 6 – Admission Confirmation:

After the process of admissions, the admission committee decides and makes the final decision. Students get confirmation of admission on their registered number and email ID.


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ICFAI Online MBA Fees 2024


In this section, we have discussed in detail all the things about ICFIA Online MBA fees.


The ICFAI Online MBA Fees can be paid in 2 ways you can choose to pay the fees per semester or you can also choose to pay the fees yearly.


The total fee for the ICFAI Online MBA is INR 2,00,000 which includes the admission fee as well. Apart from this, the students need to pay an additional fee of INR 1,000 which ICFAI readjusts at the time of final admission fee payment.


From the total fee of INR 2,00,000, the tuition fee is INR 1,80,000 and the admission fee is INR 20,000. Please note that the examination fee is not included in this which students need to pay separately each semester.


Payment Mode Fee Structure
Yearly Payment l INR 1,10,000  Yearly Fee

l INR 20,000  Admission Fee

l INR 90,000 Tuition Fee

Semester Payment l INR 65,000 Per 1st Semester

l INR 20,000 Admission Fee

l INR 45,000 Tuition Fee

l INR 45,000 For Rest All Semesters


Students can choose to pay the fees in two modes

  1. Through Online Payment Mode By Using (Debit Card/ Credit Card/ Online Banking)
  2. Through Demand Draft

Students need to make the DD in favour of “IHFE Fee Collection A/c Online MBA” while having student details in the back consisting of Name, Candidate No, Semester and Contact Number.

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ICFAI Online MBA Eligibility Criteria 2024


ICFAI Online MBA Eligibility Criteria

All the candidates need to fit into certain criteria to be able to apply for ICFAI Online MBA.


The ICFAI Online MBA Eligibility Criteria is listed below:

  • The candidate must have a bachelor’s degree from a valid university.
  • Graduates from any stream are accepted and eligible for this course.
  • Candidate must at least have 50% aggregate marks in graduation.
  • Apart from these eligibility criteria the ICFAI also has its own screening test in which based on candidates’ knowledge and understanding of business the final selection is done of the candidate.


ICFAI Online MBA Placement 2024


ICFAI Online MBA Placement cell does not provide direct placements for its students but instead, they have a professional support system where they assess candidates and find out the candidate’s professional competency and skills. Based on those findings ICFAI provides training, and sessions, and arranges various workshops to improve missing skills of the candidate.


Overview of ICFAI Professional Support System:

  • ICFAI Professional Support System does an initial profiling of the student to understand the current standing of the student and creates a plan for the candidate’s professional growth.
  • ICFAI offers counselling sessions to discuss the progress and further steps after each semester.
  • ICFAI Online MBA arranges various industry-relevant workshops for students where they get real-life exposure to these companies and corporate houses. This helps students to interact with professionals and brainstorm ideas about their interests.
  • ICFAI also offers a mentor-ship for its students through digital media.


Following is the list of firms with which ICFAI has partnered to provide industry-relevant workshops to its students.


  1. Bajaj Capital
  3. ICICI Bank
  4. HDFC Bank
  5. Kotak Securities
  6. Tech Mahindra

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Is ICFAI Online MBA Valid?

Yes, ICFAI Online MBA is a valid university as it is accredited by UGC, ACU, NAAC, and NIRF.


What are the fees for ICFAI Online MBA?

The ICFAI Online MBA fee is INR 2,00,000 for a 2-year 4-semester course.


Does ICFAI Online MBA provide good placement support?

ICFAI Online MBA doesn’t provide direct placements for its students but ICFAI has a special professional support system which helps students acquire industry-relevant skills which improve their employability.


Does ICFAI Online MBA have an entrance exam?

No, ICFAI Online MBA doesn’t have an entrance exam for admission into this particular course. Students looking for admission to this course should go through a mandatory screening test which includes a personal interview and a presentation.

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