ICFAI University Correspondence MBA


ICFAI, Tripura is a private university established in the year 2004. The establishment was done through an Act of State Legislature (Tripura Act 8 of 2004). Just like other well-known universities in the country, this university is also approved by UGC.  ICFAI is one of the most well-known universities in the country when it comes to providing quality education to its students. In 1995, the university introduced a chain of Indian Business School (IBS). These universities have been operating since then.

ICFAI group offers education following various modes. These modes include a flexible learning program (distance mode), ICFAI University, and ICFAI Business School

Starting from basic MBA courses, the university offers a wide range of education courses which include banking, health policies, agriculture, economics, and much more. The university has three branches and they are Uttrakhand, Tripura, and Telangana. In this article, we are sharing information regarding the distance MBA course offered by the university in detail.

Duration of the course:

Just like a distance MBA course from any university, the distance MBA course from ICFAI also runs for 2 years. The maximum time to complete the course is 4 years. However, the extension of the period is completely based on the merit of the student, and in this case, the student has to pay a de-novo fee. 

Types of courses offered

The university offers a wide variety of specializations when it comes to distance MBA. Below we are mentioning all the specializations that the university offers:

  • Finance
  • HR
  • Marketing
  • Strategic Finance
  • Risk Management
  • Global Markets
  • Investment Management
  • Operations
  • Innovation Management
  • International Business
  • Healthcare Management
  • Hospital Administration
  • Pharma Management
  • Telecom Management
  • Retail Management
  • IT & Systems

Prospectus of ICFAI

Click the below-mentioned link to view the prospectus of the university. 

Online prospectus

Fee structure

The fee for the distance MBA program offered by ICFAI can be paid using two different ways. 

  • The first option is to pay module wise i.e. in four instalments. The fee for each module is Rs 25,000 ( as of 2017)
  • The second way is to pay the total fee at a time. With this method, you only need to pay Rs 65,000 (as of 2017).

The fee payment can only be done either by using a credit card or with a demand draft. However, we would also like to mention that the university accepts payments via any VISA or MasterCard only.

Accreditation of the university

The university is accredited by UGC. UGC is one of the top institutes located in the country to accredited any university situated in India. Below we are inserting a screenshot of the accreditation letter.

Accreditation of the university

How to take admission?

The application of the distance MBA course offered by the university needs to do following the online process. For this, you need to visit the university’s official page and go to the admission section. Students need to pay the application fee using a credit card or through the internet banking method. Alternatively, students can also take admission following the walk-in method. For this, they need to visit the university campus offices for one-to-one admission. 

We advise students to read all terms and conditions of the university before taking the admission. 

Eligibility for the course

Students with a graduation degree with any course who have studied from any recognized university located in the country are eligible for studying MBA from ICFAI.


The university does not arrange any placement program for its students, however, we would like to mention that the MBA course from ICFAI is having a good brand value in the market and therefore students can find a job for them easily. 

When it comes to reputation, this university is quite better than other universities in the country offering distance MBA courses. Also, as the full-time MBA course from ICFAI is quite popular, the ICFAI distance MBA course is also not unknown to many.

Even if ICFAI distance MBA has a good name in the market, the university, as mentioned previously does not offer any placement program which is a disadvantage of studying an MBA from ICFAI. The university must offer placement programs in the future and more information, refer: https://www.mbaglue.com/

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