MBA Program

MBA Program

  • The MBA Program of the University prepares the students with the knowledge, skills and strategic perspectives essential to business leadership and a managerial career in the world.
  • The MBA Program is designed to provide both a portfolio of strong functional skills and the ability to apply, adapt and integrate those skills in different management settings.
  • The program equips the students to pursue professional management career in banking, financial services, insurance, corporates etc., or become an entrepreneur.
  • The MBA at ICFAI Jharkhand is popular among students from Ranchi, Jamshedpur, Bokaro Steel City, Dhanbad, Deoghar, Hazaribagh, Giridih, Ramgarh, Medininagar, Chirkunda of Jharkhand state, Patna, Muzaffarpur, Bhagalpur, Nawada, Siwan of Bihar state. A small number of current batch students also come from Kolkata, Durgapur, Kharagpur, and Purulia of West Bengal state.
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Award of Degree

Students who successfully complete the MBA Program will be awarded the Master of Business Administration degree from the University, subject to University regulations.

duration Duration

  • 2 Years

eligibility Eligibility

  • Graduation in any discipline with 45% and above aggregate marks; Final year degree students awaiting final examination results are also eligible to apply.

Program Structure

  • The Program covers 30 courses apart from soft skills and management theses spread over 4 semesters in 2 years.
  • Students are also required to undergo a summer internship program / Project work during the summer term.
Year I
Semester-I Semester-II
  1. Marketing Management
  2. Quantitative Methods
  3. Financial Management - I (CC 3)
  4. Organizational Behavior
  5. Managerial Economics
  6. Digital Skills
  7. Accounting for Managers
  8. Business Communication
  1. Digital Marketing
  2. Financial Management - II
  3. Production & Operation Management
  4. Human Resource Management
  5. Macroeconomics & Business Environment
  6. Business Research Methods
  7. Legal Environment of Business
  8. Soft skills
  9. Digital Transformation of Business
Summer Internship Program / Project
Year II
Semester - III Semester - IV
  1. Retail Management
  2. Business Strategy
  3. Career Development
  4. Elective I (DSE 1)
  5. Elective II (DSE 2)
  6. Elective III (DSE 3)
  7. Elective IV (DSE 4)
  8. Open Electives
  9. Management Thesis I
  1. Business Ethics & Corporate Governance
  2. International Business
  3. Elective I (DSE 5)
  4. Elective II (DSE 6)
  5. Elective III (DSE 7)
  6. Elective IV (DSE 8)
  7. Management Thesis II

Electives:
The students are encouraged to choose eight courses from eight elective streams viz., Marketing, HRM, Finance, Banking, Investments, Insurance, Accounting, IT & Systems and Healthcare. Students will have the flexibility in choosing more than one course from these elective streams. Elective courses will be offered subject to a minimum number of students enrolling for a particular elective course.

Electives: Marketing: Marketing Research, Consumer Behaviour, Service Marketing, Integrated Marketing Communication, Rural Marketing, B2B Marketing, Sales and Distribution Management, International Marketing Logistic and Supply chain Management Product & Brand Management Social Marketing

Banking & Insurance: Money & Banking, Banking Services Operations, Overview of Banking, Commercial Banking,Credit Management, Rural Banking and Micro Finance, International Banking, Life Insurance, General Insurance, Commodity Trading(New Addition)

Finance: Security Analysis, Project Management, Strategic Financial Management, Project Finance, Risk Management, Portfolio Management & Mutual Funds, Personal Financial Planning, Wealth Management,

Advance Financial Accounting, Advance Management Accounting, Fintech.

HRM: Performance Management and Reward System Training and Development, Personality Development Managing Knowledge Workers, Employment Laws, Corporate Social Responsibility,Industrial Relations And Labor Welfare, Talent Management

IT & Systems: Java Application Development, IT Enabled Services,Relational Database Management System, E-Business, Software Engineering and Quality Management,System Analysis & Design,Cyber Security

Operations Management: Health Care Management, Agri Business Management, Tourism & Management

List of Open Electives Courses: Entrepreneurship, Health and Happiness, Marketing of Insurance services, NGO and rural development, MSME and Industrialization.

Fee Schedule

The fee for each program is mentioned in the table below.

MBA Program Fee
Program Admission Fee Rs. Semester Fee Rs. Caution Deposit Rs.
Domicile Non - Domicile
MBA 10,000 60,000 66,000 5,000

Note : Applicants in their final year of Qualifying Examinations also can apply for all regular programs

Note : Applicants in their final year of Qualifying Examinations also can apply for all regular programs

Caution Deposit:

  • Students are required to pay a Caution Deposit as mentioned in the table above along with the first semester fee.
  • It will be refunded without interest and after adjusting for dues, (if any), to the students on completion of the respective program.

Remittance:

Fee payments can be made in any of the following modes.

  1. By way of Bank Demand Draft drawn on a Scheduled Commercial Bank in favor of "The ICFAI University, Jharkhand - Fee Collection A/c" payable at Ranchi, Jharkhand.
  2. Through Credit Card or Debit Card at the University. c) Through NEFT, as per the following details:
Bank Account Name The ICFAI University, Jharkhand - Fee Collection A/c
Type of Account Current Account
Account Number 50200000250955
Bank Name HDFC Bank
IFSC Code HDFC0000150

The following details should be provided to the University by the students on remittance of fee through NEFT:

Student Details Remittance Details
Name of the student: Name of the Bank:
Application No. / Enrollment No. IFSC Code:
Program / Batch: UTR No.
Fee details Bank Acknowledgement of NEFT Form
Mobile No.

Fee payment by cash is not accepted.

Any requests for withdrawals, refunds will be processed as per the prevailing UGC Notification, with regard to Refund of fees and non-retention of Original Certificates.

Merit Scholarships

Following are the details of the Merit Scholarships, offered by The ICFAI University, Jharkhand.

A. Merit Scholarships based on past academic record:
Percentage of marks achieved in qualifying examination will decide the amount of scholarship. Scholarship amount can be adjusted in the Semester I fee payable.

Performance in Qualifying Exam Scholarship amount
(% of semester fee)
Marks in % CGPA
>= 90% >= 9.9 50%
>= 80% and <90% >= 8.8 and < 9 .9 40%
>= 70% and <80% >= 7.7 and < 8.8 30%
>= 60% and < 70% >= 6.5 and < 7.7 20%

B. Merit Scholarship in Semester II to last semester:

Based on previous semester performance (GPA) Scholarship amount (% of semester fee)
Top 5% of the class 50%
Next 5% of the class 30%

*Remarks: Only if no. of students in the class is 20 or more.
Note: Terms and Conditions for the award of the Merit Scholarship will be specified in the Student Handbook.

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