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Author :
Aakash |
The Group of ICFAI Universities includes The Institute of Chartered Financial Analysts of India (ICFAI), which operates 11 universities in different parts of India, such as Tripura, Dehradun, Sikkim, and even Jaipur. All of these have been set up under specific state acts between 2003 and 2004. Is ICFAI fake? No, because the university offers diverse programs ranging from engineering to law and business administration, such as the Online MBA in Finance. ICFAI universities were set up over 20 years ago, aiding students through education focused on career outcomes. Nevertheless, his reputation has been damaged by the rise of other institutes that falsely use the ICFAI name.
Is UCFAI fake? All ICFAI-based universities are recognized under the UGC Act, 1956, through Section 2(f), as every university ensures the granting of legal degrees. Important campuses are
ICFAI University, Tripura: Via Notification No. F.9-7/2006 (CPP-I) ICFAI received approval on October 30, 2006.
As per UGC Notification No. F.9-26/2003 (CPP-I), ICFAI University Dehradun has been officially recognized since July 22, 2005.
ICFAI University Jaipur received UGC approval via Notification No. F.8-37/2011 (CPP-I/PU) on February 10, 2012.
The UGC formally approved ICFAI University, Sikkim through Notification No. F.8-9/2009 (CPP-I) issued on October 27, 2009. Does ICFAI University Sikkim exist? Visit the official UGC portal (www.ugc.gov.in) to verify these institutions. BCI also recognizes degrees for law and NCTE for education. DEB of UgrGC approves distance programs like the Online MBA in Finance offered at some Tripura campuses. Be sure to check the UGC website for updates regarding specific campuses.
Some unrecognized institutes claim affiliation with ICFAI and sell degrees of no value. To answer “Is ICFAI University fake?”, it is important to follow the steps below:
Check the UGC website:
Go to the official website of the University and to “University Details.” If the campus is listed, then it exists. ICFAI was not included in the 2024 UGC list of fake universities, which contained 21 institutions, including Christ New Testament Deemed University.\
Check for DEB approval:
For distance programs such as the Online MBA in Finance, check for UGC-DEB recognition at www.ugc.ac.in/deb.
Contact ICFAI:
Confirm study centers through official portals like www.iutripura.edu.in and www.iudehradun.edu.in. ICFAI Distance Education programs are available only within each state, so a Tripura study center is open only to residents of Tripura.
Avoid Misleading Claims:
Schools with vague addresses or unrealistic placement promises should be considered red flags. Suspicious centers can be reported to UGC at www.ugc.ac.in or ICFAI’s Registrar.
Is There Any Truth to Claims That ICFAI Functions as a Diploma Mill?
ICFAI universities uphold strong benchmarks for academics, holding NAAC (e.g., Dehradun: A grade) and having industry-relevant courses. Offered degrees B. Tech (ABET-accredited), MBA, and Online MBA in Finance include courses on financial modeling, banking operations, and risk management. Professors from campuses Tripura and Dehradun campuses engage in research, often publishing in national journals.
Their placement records are excellent, with ICFAI Tripura having up to a 90% placement rate in 2024. With TCS, Deloitte, and Amazon as recruiters offering average packages of INR 5-7 LPA, and highest packages reaching 28 LPA. These, along with partnerships for internships with Microsoft and other firms, increase the chances of getting hired.
ICFAI University, Dehradun, received an A grade from NAAC because of its preparedness in technology and the quality of education it offers. Other campuses like Tripura are in the process of getting accredited.
