Master of Business Administration (Banking and Finance)

This programme was launched by the School of Management Studies, IGNOU, following a MOU between IGNOU and
Indian Institute of Bankers (IIB) in order to provide an avenue for post-graduate academic qualification in Banking and
Financial Services for the members of the IIB. This programme has been considered desirable to upgrade the
managerial skills and capabilities of the in-service banking personnel.

The Indian Institute of Bankers

The Indian Institute of Bankers is a professional body of banks and financial institutions established on 30th April, 1928,
as a Public Limited Company under the Companies Act, 1913. The initiative to establish the Institute was taken by
eminent bankers, businessmen and leading industrialists. The institute is managed by the Council comprising of
Chairmen and Managing Directors of banks and other eminent personalities in the field of banking and finance. The day-
to-day activities of the institute are managed by the Chief Executive Officer of the Institute, who is assisted by nearly 200
employees.

Till the late 80's the Institute had mainly confined its role to merely conducting examinations. Since then the activities of
the Institute have been expanded keeping in view the mission of the Institute, the environmental changes and
expectations of banks and bankers from the Institute. The Institute has taken new steps to reorganize and reposition
itself to respond to the demands of the banking community with a view to improve upon the existing professional
qualifications, introduce new examinations and provide support facilities for such activities. The present initiative to offer
this programme through SOMS, IGNOU is a step in that direction.

Programme Structure

This programme consists of 21 courses in all. These 21 courses include 11 Basic Courses, 5 Specialisation Courses and
5 Integrative Courses, which include a Project Course equivalent to two courses. The structure of the programme is
given below:

A) Compulsory Courses (Basic Courses)

MS-1 Management Functions and Behaviour

MS-2 Managing Men
MS-3 Economic and Social Environment
MS-4 Accounting and Finance for Managers
MS-5 Management of Machines and Materials
MS-6 Marketing for Managers
MS-7 Information Management and Computers
MS-8 Quantitative Analysis for Managerial Applications
MS-9 Managerial Economics
MS-10 Organisational Design, Development and Change
MS-11 Corporate Policies and Practices

B) Specialisation Courses (Select any Five)

MS-44 Security Analysis and Portfolio Management

MS-45 International Financial Management
MS-421*HRM in Financial Services Sector
MS-422*Bank Financial Management
MS-423 Marketing of Financial Services
MS-424 International Banking Management
MS-425 Electronic Banking and IT in Banks

C) Integrative Courses

MS-91 Strategic Management

MS-491* Law & Practices Relevant to Banking
MS-100 Project Course (equivalent to two courses)
Electives (Select any one)

MS-94 Technology Management

MS-492* Financing of Special and Preferred Sectors
MS-493* Industrial Finance

* These courses are presently not on offer

All the above courses are of 6 credits each (except MS-100 which is of 12 credits). Each credit amounts to 30 hours of
study comprising all learning activities. Thus, a student is expected to put in 180 hours of study for each of the above
courses (360 hours for MS-100).

Delivery System

The School follows a multimedia approach in programme delivery. It comprises self-instructional printed course material
packages, supporting audio-video programmes, face-to-face interaction with academic counsellors at study centers,
assignments for assessment and feedback, telecast of video programmes on Doordarshan, broadcast of audio
programmes on All India Radio, teleconferencing and phone-in-programmes.

Eligibility for Admission

For admission to the MBA (Banking and Finance) programme, the candidate would have to satisfy the following
conditions:

a) He/she should be a graduate of a recognized University

b) He/she should have passed the CAIIB examination of the Indian Institute of Bankers, Mumbai and awarded the
requisite qualifications/credentials therefor by the Institute.
c) He/She should be working in the banking or financial services sector for a period of at least two years.
d) He/She should be a member of the Indian Institute of Bankers, Mumbai.

How to Apply

"Student Handbook and Prospectus" for this programme is available from the Director (SR&E), IGNOU, Maidan Garhi,
New Delhi-110068 and from all the Regional Centers of IGNOU. Admissions to this programme are open twice a year.
Advertisements inviting applications for admission to this programme are published in all leading newspapers in the
months of February and August.

Fee Structure

Course fee of Rs.600/- per course (Rs.1,200 for MS-100 course). This includes cost of study material, counselling and
examination fee.

Credit Transfer Scheme

This scheme is applicable to those students who have done CAIIB (in old system/revised system) and other diplomas
from IIB. Those students who are granted credit transfer need to do neither assignments nor appear in the term-end
examination. The credits earned by the student in the CAIIB Examination will be transferred to MBA (Banking and
Finance) programme. A student can seek for credit transfer upto a maximum of 5 courses. Credit transfer is also
applicable to candidates who have completed some courses under Management Programme of IGNOU. This will be in
addition to the credit transfer of courses against CAIIB and other Diplomas. In both cases the student is required to apply
for credit transfer specifically to the University by paying the requisite fee and enclosing the supporting documents.

For further information, please contact :

The Director
School of Management Studies
Indira Gandhi National Open University
MaidanGarhi, New Delhi - 110 068.
Ph. 6862073 Fax No. 6862078
 Management Programme
Starting its operation in 1987, the School of Management Studies today offers a wide range of courses. The School
follows a system of course-wise registration in its management programme.
Successful completion of a specific combination of above courses would lead to:
MBA, DIM, PGDIM, PGDHRM, PGDFM, PGDOM, PGDMM.
Master of Business Administration (MBA)

The MBA Programme consists of 21 courses in all. These comprise of:

• All the courses in PGDIM (Eleven Courses) i.e. MS-1 to MS-11
• Five courses from any one of the specialisation streams
• Compulsory Courses (MS-91, MS-95) and one elective course (MS-92/93/94/96/97)
• Project Course (MS-100) equivalent to 2 courses.
Diploma in Management (DIM) Duration 1 year
The Diploma in Management Programme comprises of 5 courses (three compulsory and two elective courses to be
chosen out of four). The following table presents the overall scheme of courses:

Post Graduate Diploma in Management (PGDIM) Duration 1½ year

The Post Graduate Diploma in Management programme comprises of of 11 courses. The following table presents the
list of courses in the programme

The Specialisation Diploma Programmes (PGSDMs) Duration 1 year

The Specialisation Programme in Functional Areas presently consists of 4 streams of functional area P.G. diplomas.
They are, Post Graduate Diplomas in—Human Resource Management, Financial Management, Operations
Management and Marketing Management. In order to qualify for a particular specialisation P.G. diploma a student is
required to complete five courses in all from that particular stream.
The Integrative Courses
The Integrative Courses consist of two compulsory courses, five elective courses, (out of which the student is required to
choose one) and a project course, which is equivalent to two courses. (Thus making a total of five courses). The details
are given below:
 FEE STRUCTURE
Course fee of Rs. 800/- per course is payable at the time of Admission and Re-Registration. Examination fee is included
in the course fee. It also covers the cost of study material and counselling.
The following courses are currently on offer under MP.
MS-1 Management Functions and Behaviour
MS-2 Management of Human Resources
MS-3 Economic and Social Environment
MS-4 Accounting and Finance for Managers
MS-5 Management of Machines and Materials
MS-6 Marketing for Managers
MS-7 Information Systems for Managers
MS-8 Quantitative Analysis for Managerial Applications
MS-9 Managerial Economics
MS-10 Organisational Design, Development and Change
MS-11 Strategic Management
MS-21 Social Processes and Behavioural Issues
MS-22 Human Resource Development
MS-23 Human Resource Planning
MS-24 Employment Relations
MS-25 Managing Change in Organisations
MS-26 Organisational Dynamics
MS-27 Wage and Salary Administration
MS-28 Labour Laws
MS-41 Working Capital Management
MS-42 Capital Investment and Financing Decisions
MS-43 Management Control Systems
MS-44 Security Analysis and Portfolio Management
MS-45 International Financial Management
MS-46 Management of Financial Services
MS-51 Operations Research
MS-52 Project Management
MS-53 Production/Operations Management
MS-54 Management Information Systems
MS-55 Logistics and Supply Chain Management
MS-56 Materials Management
MS-57 Maintenance Management
MS-58 Management of R&D and Innovation
MS-61 Consumer Behaviour
MS-62 Sales Management
MS-63 Product Management
MS-64 International Marketing
MS-65 Marketing of Services
MS-66 Marketing Research
MS-68 Management of Marketing Communication and Advertising
MS-611 Rural Marketing
MS-612 Retail Management
MS-91 Advanced Strategic Management
MS-92 Management of Public Enterprises
MS-93 Management of New and Small Enterprises
MS-94 Technology Management
MS-95 Research Methodology for Management Decisions
MS-96 Total Quality Management
MS-97 International Business
MS-100 Project course (Equivalent to two courses)

All the above courses are of 6 credits each (except MS-100 which is of 12 credits). Each credit amounts to 30 hours of study
comprising all learning activities. Thus a student is expected to put in 180 hours of study for each of the above courses (360 hours for
MS-100)
 DELIVERY SYSTEM

The methodology of instruction at the school is more learner-oriented and the student is an active participant in the
teaching-learning process. Most of the instruction is imparted through distance rather than face-to-face communication.
The University follows a multimedia approach for instruction. It comprises:

a) Print Material
b) Audio-Visual Material Aids
c) Counselling Sessions and
d) Interactive Radio Counselling

ELIGIBILITY FOR ADMISSION TO MANAGEMENT PROGRAMMES

Bachelor’s Degree with 3 years of supervisory/managerial/professional experience
OR
Professional Degree in Engineering/Technology/Medicine/Architecture/Law/Pharmacy
OR
Professional Qualifications in Accountancy/Cost and Works Accountancy/Company Secretaryship, etc.
OR
A Master’s degree in any subject.
(The University may consider other degrees to this list of equivalent professional degree/qualification, if required.)

For DIM
Same as above
OR
Non-graduates with 6 years of managerial/supervisory/professional experience
Explanations
a) ‘Professional’ means a person holding a degree in Engineering, Law, Medicine, Accountancy, etc.
b) ‘Experience’ means work experience of a person during or after acquiring the qualification as specified above.
Note: Alongwith the above eligibility criteria, a student must have qualified the OPENMAT Test conducted by the
university. Candidates who are appearing or have appeared in any qualifying examination but their results are not
declared on or before the last dates for submission of Application Forms for Admission to Management Programme will
not be eligible.
ENTRANCE TEST
Admission to Management Programmes of IGNOU is done through OPENMAT Entrance Examinations, held twice a
year.
For appearing in the entrance test (OPENMAT) a student has to fill up APPLICATION FORM FOR OPENMAT
ENTRANCE TEST which is a part of this STUDENT HANDBOOK AND PROSPECTUS
The Entrance Test is held twice a year on the following dates:

Date of OPENMAT Last Date for Application

First Sunday of February every year 30th November in the previous year
First Sunday of August every year 31st May in the respective year

How to apply
'Student Handbook & Prospectus would be available from the Registrar (SR&E), IGNOU, Maidan Garhi, New Delhi-
110 068 and at all Regional Centres, Study Centres, and IGNOUARMY, NAVY, AIR FORCE AND ASSAM RIFLES
Recognised Regional Centres. Student Handbook and Prospectus is also available on university’s website
www.ignou.ac.in. The candidates downloading the Form from website are required to send a Demand Draft of Rs. 550/-
(Rupees five hundred fifty only) drawn in favour of IGNOU payable at New Delhi. Advertisements inviting applications for
MP are released in leading national and local dailies in April and October.
For further information, please contact :
The Director
The Director
School of Management Studies
Indira Gandhi National Open University
Maidan Garhi, New Delhi- 110068
Ph: 011-29532073
Fax: 011-29532078
Email : [email protected]