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IBS Mumbai: Courses, Fees, Admission 2026, Placements, Ranking

Powai, Mumbai

3.8 /5

(205 Reviews)

346 Student Q&A

Private Institute
Estd. 1995

Last updated on 24 Feb '26

IBS Mumbai
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IBSAT 2025 Applications are LIVE. Apply Now

IBS Mumbai admissions 2026 are open. Interested students can visit the official website to apply for their desired course. Other latest updates are below:

The IBSAT 2025 selection process result has been announced for admission to the MBA/PGPM course.

IBS Mumbai Highlights 2026

ICFAI Business School Mumbai is a top B-school which is one of the constituents of the ICFAI University. IBS Mumbai was founded in 1995 to provide two years of study in the Management field known as the PGDM programme.. IBS College is approved by the UGC. ICFAI Mumbai has also been rated as ‘A++’ by Business India and ‘A4’ by Business Standard. The institute offers scholarships to meritorious students. IBS Mumbai is ranked 3rd in the category of top leading B-schools of super excellence by the CSR-GHRDC B-Schools Survey 2023.

IBS Mumbai offers placement assistance to students. The highest package offered during IBS Mumbai placements 2025 is INR 20 LPA. ICFAI Mumbai admission is based on merit and entrance exams. The institute accepts national entrance exams such as CAT, CMAT, XAT, and others. The campus was spread over 3.4 acres of area which includes classrooms, labs, a library, a hostel, and others. The major highlights of IBS Mumbai are tabulated below:

Particulars	IBS Mumbai Highlights 2026
Establishment Year \| Ownership Type	1995 \| Private
Location	Powai, Mumbai
Recognised By	UGC
Accredited By	NAAC A++
Campus Size	3.4 acre
Flagship Course	MBA/ PGDM
Scholarships offered	Merit-and-mean based
Official Website	ibsindia.org
IBS Mumbai Brochure	Download Now

Check the below videos to find out review for ICFAI Business School (IBS) Mumbai:

Commonly asked questions
On Highlights

Q: What is the highest package offered at IBS Mumbai?

The highest domestic and international package offered over the past three years during IBS Mumbai placements is presented below:

Particulars	PGPM Placement Statistics (2023)	PGPM Placement Statistics (2024)	PGPM Placement Statistics (2025)
Highest domestic package	INR 18.8 LPA	INR 20 LPA	INR 20 LPA
Highest international package	INR 11.13 LPA	INR 18 LPA	NA

Q: How difficult is it to get into IBS Mumbai for PGDM?

IBS Mumbai is one of the top-ranked colleges in India. Getting admission to IBS Mumbai is every student's dream. The college offers admission to various students based on merit, entrance exams, and interview rounds. The accepted entrance exams are CAT, XAT, MAT and others. The institute selection for this course is carried out through the ICFAI Business School Aptitude Test (IBSAT). Shortlisted candidates are called for interview and final selection is based on academic performance and personal interview conducted by the institution itself.

Q: What is the placement record at IBS Mumbai over the past few years?

The key highlights of IBS Mumbai placements over the past three years are presented below:

Particulars	PGPM Placement Statistics (2023)	PGPM Placement Statistics (2024)	PGPM Placement Statistics (2025)
Highest domestic package	INR 18.8 LPA	INR 20 LPA	INR 20 LPA
Highest international package	INR 11.13 LPA	INR 18 LPA	NA
Average package	INR 8.17 LPA	INR 8.03 LPA	INR 7.89 LPA
Placement rate	98%	98%	95%
Top 10% average package	INR 13.3 LPA	INR 13.56 LPA	INR 11.97 LPA
Top 25% average package	INR 11.01 LPA	INR 11.45 LPA	INR 10.67 LPA

Q: Is IBS Mumbai College good for MBA?

ICFAI Business School (IBS) Mumbai is a highly regarded choice for MBA students. It is one of the leading private B-schools and a constituent of ICFAI University. IBS College is approved by the UGC. ICFAI Mumbai has also been rated as 'A+' by Business India and 'A4' by Business Standard. The institute is ranked 3rd in the category of top leading B-schools of super excellence by the CSR-GHRDC B-Schools Survey 2023. The the highest (domestic) and average package offered during IBS Mumbai placements 2025 stood at INR 20 LPA and INR 7.89 LPA, respectively.

IBS Mumbai Popular Programmes 2026

Post Graduate Programme in Management (PGDM) is the flagship programme of IBS Mumbai. ICFAI Mumbai offers a 2-year, fully residential programme to students. The programme has a broad perspective of all the areas of management. The course involves practical orientation which emphasises on application of principles, tools, and concepts. The course is designed to impart the students with managerial perception and formulation in corporate strategy. IBS MBA fee is INR 8.29 L for the two-year programmes. Below mentioned are the popular courses and their respective eligibility and fees:

3.82 years

Seats Offered

– / –

Exams Accepted

Median Salary

– / –

Total Tuition Fees

₹8.29 L

Get Fee Details

MBA/PGDM Applications open. Apply Now

Ph.D. in Management

3 years

Seats Offered

– / –

Exams Accepted

– / –

Median Salary

– / –

Total Tuition Fees

– / –

View All 2 Courses

Commonly asked questions
On Popular Programs

Q: What is the PGPM course of IBS Mumbai?

IBS Mumbai Postgraduate Programme in Management (PGPM) is a two-year course divided into four semesters. The course is offered in a full-time mode. Aspirants seeking admission must meet the minimum eligibility requirements. Moreover, the selection process is entrance-based. Candidates have to appear for IBSAT and secure a good score of admission. However, candidates with a valid score in CAT/XAT/GMAT/NMAT by GMAC with the required minimum score are exempted from IBSAT. Candidates shortlisted based on the exam score are further invited for group discussion and personal interview round. Read here about on Career Scope of PGDM.

Q: What is the eligibility criteria for IBS Mumbai PGPM course admission?

The minimum eligibility for IBS Mumbai PGDM is graduation in any discipline with a minimum aggregate of 50% with the medium of study being English. Atleast of 15 years of education must be completed to be eligible. Moreover, the candidates in the last year of the degree programme are also eligible to apply.

Q: What is the structure of the PhD programme at IBS Mumbai?

The four-year PhD programme offered at IBS Mumbai involves five stages. These include courses, research workshops and projects, PhD qualifying examination, progress seminars, thesis proposal, and thesis work. During the first year, eight courses on seminars, interdisciplinary studies, and research methodology are undertaken by students. Ongoing assessment is carried out at each stage to monitor academic development.

IBS Mumbai Admission Process and Important Dates 2026

The mode of IBS Mumbai admission is primarily online. Admission to its courses is entrance-based. The institutes offer MBA/ PGDM programmes, admission is generally merit-based. The selection for this course is carried out through the ICFAI Business School Aptitude Test (IBSAT). The selection process also involves Micro-Presentation and Personal Interview rounds. For admission to its flagship PGDM programme, IBS Mumbai accepts CAT, GMAT, XAT, NMAT, ISBAT, and others. To get admission to the MBA programme, candidates must have a minimum aggregate of 50% in their undergraduate degree, while OBC/ SEBC get 3% relaxation in the eligibility criteria and OEC receive 5%. The below-mentioned institute of IBS Mumbai admission dates for 2026:

MBA/PGDM Admissions 2026

1 Course2 years

Eligibility

Undergraduate Degree with 50% aggregate
Accepting Exams: NMAT, XAT, IBSAT, CAT

Important dates

Dates	Events
Aug '26-Oct '26	NMAT 2026 Registration WindowTentative
29 Nov '26	CAT 2026 exam
Nov '26-Dec '26	NMAT 2026 Exam Window Tentative

Commonly asked questions
On Admissions

Q: Can I get direct admission to IBS Mumbai?

No, IBS Mumbai does not offer direct admission. The admission process is strictly entrance-based. Aspirants are required to take the IBSAT exam to become eligible for admission to the PGPM course. In addition, candidates with the required minimum score in CAT/XAT/NMAT or GMAT are also eligible to apply and are exempted from IBSAT exam. After this, the shortlisted candidates have to participate in the Micro Presentation and Personal Interview round for final selections. Check complete details about IBS Mumbai admission process.

Q: On what basis is the final merit list prepared for IBS Mumbai PGPM selection?

IBS Mumbai PGPM final selection is based on entrance test scores, past academic record, and performance in Micro Presentation and PI. Admissions are strictly merit-based and there is no direct admission. Perform well across all components to secure a seat. This keeps the selection process transparent.

Q: Does IBS Mumbai PGPM require an interview as part of the selection process?

IBS Mumbai PGPM selection process involves Micro Presentation and a Personal Interview (PI) round. Candidate's communication skills, clarity of thought, and suitability are assessed for management education. Final selection is based on performance in these rounds.

Q: What is the selection process for IBS Mumbai PGPM admission?

The IBS Mumbai PGPM selection process is in multiple stages. Candidates are shortlisted based on valid scores in IBSAT. CAT, XAT, GMAT, and NMAT are also accepted. Appear for further evaluation rounds conducted by IBS. Final admission depends on overall performance in all stages.

Admission Details for all courses

IBS Mumbai
Students Ratings & Reviews

3.8/5

168 Verified Reviews Info Icon

4-5
55
3-4
90
2-3
21
1-2
2

Placements3.9

Infrastructure3.5

Faculty & Course4.2

Campus Life3.7

Value for Money3.8

What students say about ICFAI Business School, Mumbai

Placements

Infrastructure

Faculty

Other

LikesView All

Top recruiting companies are JP Morgan, Deloitte, KPMG, Black Rock, EY, ICICI Bank, HDFC, IDFC Banks, etc.

Based on 59 Reviews

DislikesView All

There are many opportunities for marketing aspirants here, But, there are not many good options for finance branch.

Based on 24 Reviews

Shreyansh

Post Graduate Program in Management (PGPM) - Batch of 2026

4.2

5Placements4Infrastructure4Faculty4Crowd & Campus Life4Value for Money

Review about the college ICFAI Business School - Mumbai.

Placements: IBS has a reputation for placing students well. Around 95-97% of students who enroll in the placement program get placed. Approximately 200 companies come for college placements and select a handful of students, with an average CTC of 8,50,000/-. Big firms like JP Morgan, Tata, Reliance, Kantara, and Morgan Stanley also visit for placements.

Infrastructure: The college's location is excellent, situated in the heart of Mumbai, Powai, with a view of the lake. The infrastructure includes an auditorium, online lectures, a library, large classrooms, a gym, and three canteens with delicious food.

Faculty: The faculty is excellent, with most having over 15 years of teaching experience. Even the visiting faculty have similar experience. All the faculty members are friendly and helpful in every situation. Exams are held semester-wise, with mid-semester and end-of-semester exams.

Other: The crowd here is very good, and everyone is well-versed. There are around 27 clubs and 3 committees, where you can enroll in a maximum of 3 clubs and one committee.

Reviewed on 12 Aug 2024Read More

Bhavya Mathreja Verified Icon

Post Graduate Program in Management (PGPM) - Batch of 2021

4.4

5Placements4Infrastructure4Faculty5Crowd & Campus Life4Value for Money

Great institute potential to become a top business college.

Placements: If you have an IBS, you will have a lot of placement opportunities. Colleges have separate teachers who take care of placement activities. For our marketing batch, more banks like ICICI Bank, Industry Bank, HDFC Bank, Aditya Birla Finance, DBS Bank, and EY, like many other companies, hire students from our college. The package is 10 LPA, which is mostly what students got. Summer internship programme that we need to do for 8–12 weeks where big firms like JP Morgan, Deloitte, and Morgan Stanley offer internships with salaries up to INR 50,000.

Infrastructure: We are in Mumbai, so obviously the college campus is small, the college infrastructure is modern, and it is located in key areas like Powai, which have many transportation options. The college gym is very small, but important equipment is a mission. Because of the small campus, there are no big sporting events conducted on campus. The college library is filled with a lot of books that students can use to gain good knowledge. Classrooms are fully air-conditioned, with projectors and comfortable desks. Our college does not provide any hostels, and the college area is very expensive; it is not affordable for a normal student, so we leave the outer area of the city for daily travel, where 1 BHK rent is 15,000, which is the cheapest.

Faculty: IBS Mumbai only offers a PGPM program; faculty members from the college possess great skills. They are mainly focused on our presentation and communication skills. They are your mentors until you get placed. In one semester, there are a midterm and a final term, which makes for two exams per semester. So in total, you have to excel in 8 exams. The course is much more practical-oriented; it deals with skills that are essential in industries.

Other: There is only one thing I wish to improve: expenses. College feels that living costs are very high, and middle-class students cannot afford them.

Reviewed on 27 Jun 2024Read More

Anonymous

Post Graduate Program in Management (PGPM) - Batch of 2022

4.6

5Placements4Infrastructure5Faculty5Crowd & Campus Life4Value for Money

Great Choice IBS Mumbai To Do PGPM.

Placements: IBS is known for its placement as the best B-school in India. From the third semester, students are eligible for placements, including the Big Four and companies like Oxane, Digital Marveled, Teach Lip, etc. Many companies hire students, and our alumni work in top companies across the world. If they have any openings, they hire from our college. Our marketing profile offers a salary of 22 Lacs, the highest for our batch. 95% of students get placed, with an average salary of 7 Lacs. Most students secure good jobs after graduation.

Infrastructure: The campus infrastructure is very poor; there is no ground for sports, games, or events. The auditorium is basically a hall with chairs and a dias. Our fest, Konflex, is amazing and includes many dance, singing, and flash mob competitions. Classrooms are spacious and equipped with projectors and smart boards. The college does not have any hostels; instead, they allocate rented rooms, but no one took them. Rooms in Powai are expensive, so we stay in Navi Mumbai, where the rent for a 2BHK accommodating 4 students is 20,000.

Faculty: Teachers at IBS are very helpful; they focus on the overall development of students, working on our personality and communication skills. Teachers at IBS are graduates of IIM and NIT. The course is the same for everyone in the first year, but later, as per specialization, students' subjects differ. Marketing is strong at IBS, with each batch having a capacity of 100 students. There are two exams in each semester, along with additional quizzes between exams. Exams are challenging, and very few students clear all subjects.

Other: The workload is intense, but I believe it's worth it. In my opinion, IBS is a great choice for PGPM.

Reviewed on 14 Jun 2024Read More

Anonymous

Post Graduate Program in Management (PGPM) - Batch of 2025

3.6

4Placements4Infrastructure4Faculty3Crowd & Campus Life3Value for Money

IBS college is very good and I would suggest this college to my juniors.

Placements: More than 70% students are placed in PGPM course. The highest package offered is 12 Lacs and the lowest package is 7 Lacs. Top recruiting companies are Deloitte, Tata Capital, Wipro, HCL, and Google. More than 80% of the students got internships from PGPM course. Top companies are Aditya Birla Capital, HDFC, L&T, and Propencher. Sales executive and Manager are the roles offered.

Infrastructure: The library has a collection of over 34000 books of Management and other subjects. AC classrooms are available which are working and in a very good condition. You can have coffee in the short time break at Nescafé. The canteen has a lot of variety to eat for lunch. Medical facilities are provided by our college. Indoor games are available in our college including Table tennis, carrom board, etc.

Faculty: The teachers are very helpful in guiding their students, they are very knowledgeable. They create power point presentations to make us understand the concepts clearly. The course curriculum is relevant and it makes the students ready for the industry. The semester exams are not that difficult. If the students are prepared, they will be able to score good marks in the semester exams.

Reviewed on 25 May 2024Read More

Pradnya Kunder Verified Icon

Post Graduate Program in Management (PGPM) - Batch of 2022

4.2

5Placements4Infrastructure3Faculty5Crowd & Campus Life4Value for Money

The College has a record of 90% of placements.

Placements: Placements are great and the highest package is 15.6LPA. The average is around 7-8LPA and the lowest is 6LPA. TCS, Team Please Bank, Reliance, Google, etc. are some companies that visit the campus. The intake of college is 60 and all 60 students get placement.

Infrastructure: They don't have girls hostels facility from college itself but there is one hostel near the college which is good enough to stay until your graduation is over. The rent is around 15000 per month and along with that, you have to deposit 20000 INR for admission which is refundable. Hostel Fee is INR 170000 per year.

Faculty: I had a plan to pursue a career in marketing. Hence, I took this course PGDM-Marketing. Student to faculty ratio is 12:1. All the faculty members (99%) directly come from the industry. Maximum students are Ph.D. holders. They are exceptionally qualified and they teach us to become industry-ready. On this campus, the trimester system is there, i.e. every 3 months. End-term exams happen and in between, surprise tests and presentations are done. It is not so difficult to pass in them. If you give some attention, then you will pass the exams easily. Class size is 63 and course fees is INR 909000 per year.

Reviewed on 7 Nov 2023Read More

(1)

1 person found this helpful

Isha Goel

Post Graduate Program in Management (PGPM) - Batch of 2024

5Placements5Infrastructure5Faculty5Crowd & Campus Life5Value for Money

Review of ICFAI Business School, Mumbai.

Placements: 98% students have been placed in year 2022- 2023, the highest average package 18.17 and average CTC 8.17. Top recruiting companies include is the big 4 - Deloitte, PWC, KPMG and EY, apart from this, students have been placed in reputed FMCG and Teach companies as well. Top roles offered include - analyst, relationship managers and wealth manage roles.

Infrastructure: The college is equipped with a gym, IT lab, SQL lab and Bloomberg lab. The college is centrally air conditioned with Wi-Fi facilities. The college library and reading room helps students to study and provide reading resources in abundance. The college has three canteens and a CCD outlet and a Nescafe outlets to keep students re-energized with coffee and food. The college had a seperate club to focus on sports and fitness of students.

Faculty: The teaching staff of IBS Mumbai consists of permanent and visiting faculty members. All the faculty members are helpful and approachable. The teaching are as per relevant curriculum which make students industry ready. The semester exams focuses on case study learnings and the pass percentage of students is 100 percent.

Other: I have majoring in Marketing, the course offer a list of 18 electives to chose from as per interest of students. The college has 23 clubs and committees which focuses on holistic student development. The college conducts Annual event name Konflux and all the festivals are celebrated in the campus signifying diversity and inclusion.

Reviewed on 29 Sep 2023Read More

View All 205 Reviews

IBS Mumbai Cutoff 2025

IBS Mumbai accepts IBSAT scores for admission to various courses. IBSAT cutoff 2025 is released across 8 IBS campuses. ICFAI Mumbai releases its cut-off lists annually for the candidates seeking admission to the institute. Candidates can check the latest IBS Mumbai cutoff 2025 in the detailed space below:

MBA/PGDM CAT Cut Off 2024: Year-Wise percentile Accordion Icon V3

Rounds

Post Graduate Program in Management (PGPM) - IBS Mumbai : CAT percentile Cutoff (General-All India)

Section	2022	2023	2024
Overall	70	70	70
Quants	40	40	40
VA-RC	40	40	40
DI-LR	40	40	40

Commonly asked questions
On Cutoffs

Q: What is IBS Mumbai cutoff 2024 for MBA?

Based on IBS Mumbai cutoff 2024, the cutoff percentile required for MBA stood at 70 percentile overall in CAT 2025. Candidates shortlisted on the basis of the scores obtained in entrance exams like CAT. XAT, NMAT, IBSAT are called for the Personal Interview round where candidates are further screened for final selection at the institute. The sectional cut off in CAT for MBA at IBS Mumbai stood at 40 for the General AI category candidates.

Q: What is the CAT cutoff for IBS Mumbai?

Find below the trend for IBS Mumbai CAT cutoff for PGPM:

PGPM - IBS Mumbai: CAT percentile Cutoff (General-All India)
Section	2019	2020	2021
Overall	70	70	70
Quants	40	40	40
VA-RC	40	40	40
DI-LR	40	40	40

NOTE: It is as per an unofficial source.

Q: What is the CAT cutoff percentile for IBS Mumbai MBA admissions?

IBS Mumbai cutoff percentile for MBA admission through CAT is 70 percentile. Candidates seeking IBS Mumbai admission must have a valid score in order to be eligible for Group Discussions and Personal Interviews. Tabulated below are the year-wise cutoff percentile for IBS Mumbai for CAT:

Post Graduate Program in Management (PGPM) - IBS Mumbai : CAT percentile Cutoff (General-All India)
Section	2020	2021	2022
Overall	70	70	70
Quants	40	40	40
VA-RC	40	40	40
DI-LR	40	40	40

View all cut-off

IBS Mumbai Placements 2025

IBS Mumbai has a Career Management Center that enhances the placement prospects of IBS students. The CMC focuses on personality development, career counselling, internships, and a strong industry interface. ICFAI Mumbai offers summer internship programmes for students.

IBS Mumbai Powai placements 2025 have been released. The highest (domestic) and average package offered during IBS Mumbai placements 2025 stood at INR 20 LPA and INR 7.89 LPA, respectively. Financial Services emerged as the top recruiting sector wherein the placement distribution of 24% was recorded. The top 25% of the students received average package of INR 10.67 LPA in 2025. Further, the placement rate recorded during the IBS Mumbai placement in 2025 stood at 95%.

Tabulated below are the IBS Mumbai placement statistics 2025:

Particulars	Statistics 2025
Highest Package	INR 20 LPA
Average Package	INR 7.89 LPA
Average Package (Top 10%)	INR 11.97 LPA
Average Package (Top 25%)	INR 10.67 LPA
Top Recruiting Sector	Financial Services
Placement Rate	95%

Top Recruiters

Wipro

Zomato

Oracle

Aditya Birla Group

Cavinkare

pwc

Vedanta

Jaro Education

HFFC

TATA Consultancy Services

Amul

FinEdge Advisory

Asian Paints

HDFC Bank

View placement details

Commonly asked questions
On Placements

Q: Does IBS Mumbai provide 100% placements?

The placement rate recorded during IBS Mumbai placements 2025 and previous two years was 95%. Earlier, in 2024 and 2023, the placement rate was 98%.

Q: Who are the top recruiters during IBS Mumbai placements?

The list of top recruiters during IBS Mumbai PGPM placements 2023 is presented below:

IBS Mumbai Top Recruiters
Deloitte	Google
EY	Oracle
KPMG	HCL
Tata Capital	Wipro
ICICI Bank	PwC

Q: What is the average salary trends witnessed during IBS Mumbai placements?

The average salary trends witnessed during IBS Mumbai placements over the past three years are presented below:

Particulars

2023 PGPM Placement Statistics

(In INR)

2024 PGPM Placement Statistics

(In INR)

2025 PGPM Placement Statistics

(In INR)

Average package

8.17 LPA

8.03 LPA

7.89 LPA

Top 10% average package

13.3 LPA

13.56 LPA

11.97 LPA

Top 25% average package

11.01 LPA

11.45 LPA

10.67 LPA

Q: How are IBS Mumbai PGPM placements?

The key highlights of IBS Mumbai PGPM placements 2024 are presented below:

Particulars	PGPM Placement Statistics (2025)
Highest domestic package	INR 20 LPA
Average package	INR 7.89 LPA
Placement rate	95%
Top 10% average package	INR 11.97 LPA
Top 25% average package	INR 10.67 LPA

IBS Mumbai Scholarships 2026

IBS offers scholarships worth INR 10 crores exclusively for top performers in the IBSAT-2025 test. Candidates have to fulfil the eligibility criteria laid by the college for scholarship. Given below are the eligibility criteria to avail of IBS Mumbai scholarships:

For Toppers in IBSAT Candidates who secure top ranks in IBSAT 2025
For Wards of IBS Alumni
For Physically Challenged Candidates
For Wards of Defence Personnel (In-service/ retired) from Army, Air Force, Navy, and Paramilitary Forces.

IBS aims to award 500 merit scholarships for the class of 2028 to deserving candidates falling under the aforementioned categories. Each scholarship amounts to INR 2 lakh per candidate, with the flexibility of adjusting INR 1 lakh each in the first and second-term instalments against the programme fee.

Commonly asked questions
On Scholarships

Q: Are there any merit-based scholarships available at IBS Mumbai?

Yes, IBS Mumbai offers a lot of merit-based scholarships for PGPM students based on the scores achieved in CAT, XAT, GMAT, NMAT, and IBSAT entrance exams. Check out the list below to know more-

For CAT: Top 75 candidates with a minimum score of 90 percentile and above
For XAT: Top 25 candidates with a minimum score of 80 percentile and above
For GMAT- The top 25 candidates with a minimum score of 550 and above are qualified for scholarship
For NMAT by GMAC takes in the top 100 candidates with a minimum score of 225 and above for scholarship

Q: Does IBS Mumbai provide scholarships to PGPM students?

Yes, ICFAI Business School Mumbai offer a scholarship to PGPM with good performance in the IBSAT exam. The scholarship is offered under the following categories:

IBSAT 2023
Defense personnel wards (serving or retired) from Army, Airforce, Navy, and Paramilitary forces
Physically challenged candidates
Wards of IBS Alumni

Find some more details on the offered scholarships from the table given below:

Particular

IBS Mumbai PGPM Highlights

Scholarship criteria

The minimum scholarship criteria (cutoff score) for a scholarship amount of INR 2 Lacs is:

CAT: Top 75 candidates with a minimum score of 90 percentile and above

XAT: Top 25 candidates with a minimum score of 80 percentile and above

GMAT: Top 25 candidates with a minimum score of 550 and above

NMAT by GMAC: Top 100 candidates with a minimum score of 225 and above

NOTE: The above-mentioned scholarship information is from an unofficial source. Hence, is indicative.

View Scholarship Details

IBS Mumbai Course and Fees 2026

IBS Mumbai offers postgraduate management programs. The two-year programme is provided in the Management stream. At the PG level, the college provides MBA courses to students. ICFAI Mumbai offers students a Summer Internship Programme (SIP), which forms an important part of education. The students are skilled in good presentation and communication skills. Below mentioned are some of the IBS Mumbai courses and IBS Mumbai fees:

Courses	Tuition Fees	Eligibility
MBA/PGDM(1 course)	8.3 LGet Fee Details	Graduation : 50 % Exams : NMAT XAT+2 More
Ph.D.(1 course)	– / –	Graduation : 50 %

Commonly asked questions
On Fees and Eligibility

Q: What is the total fee of MBA at IBS Mumbai?

INR 9.01 Lakh is the total fee for PGPM at IBS Mumbai. There are multiple components included in the ICFAI Business School, Mumbai PGPM course fee such as tuition fee, refundable caution deposit, etc. For fee payment details, applicants can reach out to the IBS Mumbai admission office or visit its official website. It must be noted that the given fee is taken from an unofficial source. Hence, the actual amount may vary. Admission to the course is entrance-based. IBS Mumbai accepts IBSAT/ CAT/ GMAT/ NMAT by GMAC scores.

Q: Who is eligible for IBS Mumbai?

ICFAI Business School (IBS) Mumbai offers a PG programme in the Management stream. To be eligible for the MBA programme, students must have a bachelor's degree from a recognised university. Students' selections are based on IBSAT/CAT/GMAT/NMAT by GMAC/XAT by appearing one of the exam and prepare for Micro Presentation and Personal Interview.

Q: Does IBS Mumbai accept CAT score for MBA?

Yes, IBS Mumbai does accept a valid score of CAT for IBS Mumbai PGPM course. In addition, candidates with a 60 percentile and above CAT score are exempted from writing the IBSAT 2023 exam. Moreover, apart from this, it is also crucial that the aspirants fulfil the course-specific eligibility requirements as prescribed by the ICFAI Business School, Mumbai. For more details about the CAT entrance examination, Click Here.

Q: Which entrance exam is required for MBA at IBS Mumbai?

ICFAI Business School Mumbai conducts ICFAI Business School Aptitude Test (IBSAT) for admission to its Management courses. However, it is not compulsory for selection. Aspirants with a required score in other accepted exams: CAT/GMAT/NMAT by GMAC/XAT are also eligible to apply. Moreover, aspirants shall check out the eligibility requirements before applying for the course. Candidates are shortlisted based on accepted exam scores for further selection rounds. Read more on IBS Mumbai admissions here.

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Total Fees₹15.00 L

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Compare IBS Mumbai with other similar colleges

MBA/PGDM

Ph.D.

College	Median Salary	Total Tuition Fees	Ranking
IBS Mumbai	-/-	₹ 8.29 L	-/-
N. L. Dalmia Institute of Management Studies and Research Compare	-/-	₹ 16.5 L	#72 Business Today, 2024
NIBM Pune Compare	₹ 15 LPA	₹ 14.52 L	101-125 NIRF, 2025
National Insurance Academy Pune Compare	₹ 12.5 LPA	₹ 12 L	-/-
Athena School of Management Compare	₹ 8.5 LPA	₹ 13.5 L	-/-
XIMR	-/-	₹ 5.36 L	-/-

The values are of the latest years available with Shiksha. For more details, check detailed comparison

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IBS Mumbai Application Process 2026

IBS Mumbai application process in both online and offline modes. Students must register for the IBSAT exam for admission. For offline applications, eligible candidates can visit the admission office. Find below the steps of the application process:

Register on the official website of IBS Mumbai.
Fill up the application form.
Upload the required documents and photographs.
Pay the application fee of INR 1,800.
Choose ‘I Agree’ to the declaration statement and submit the application form.

Commonly asked questions
On Application Process

Q: Is it possible to get admission in IBS Mumbai PGPM programme without CAT?

Yes, it is possible to take admission to the IBS Mumbai PGPM programme without CAT. The institute accepts various other national-level test scores, including NMAT, XAT, and GMAT. Other than this, the institute also conducts an in-house entrance test, i.e., IBSAT. It is conducted once a year, generally in the month of December. Students willing to take the exam can visit the institute's official website to apply.

Q: How can students join IBS Mumbai?

The admission process at IBS Mumbai requires a bachelor's degree with a minimum of 50%. Entrance exams are mandatory for most courses. Students must first appear for national-level entrances and then move on to university-level selection rounds for final admission. IBS Jaipur offers full-time MBA/PGDM courses for two years and qualify in CAT/IBSAT/NMAT/XAT. It is mandatory for students to qualify the national entrance exam before admission.

Q: How can I get admission at IBS Mumbai?

Admissions at IBS Mumbai are done through entrance examinations. Students need to first visit the college's official website and fill out an application form, and pay the application fee. They have to then sit for an either the IBSAT or other national level exams, such as CAT/ GMAT, XAT, NMAT, etc. Applicant are shortlisted for the final selection round on the basis of their performance in the entrance exam. The final round involves a micro-presentation and a PI. Students who clear all rounds should pay the course fee to secure their seat at this college.

View Application Process Details

IBS Mumbai
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IBS Mumbai Infrastructure

IBS Mumbai is spread across 3.4 acres of land. IBS Mumbai has well-equipped classrooms, a 500-seater auditorium, separate common rooms for boys and girls, a gym, and three syndicate rooms for student and faculty interaction. In addition to this, it has a well-stocked library with various books, national journals and magazines. The institute has seperate hostel for boys and girls. We encourage our students to get involved in indoor and outdoor games. For those students who are absolute fitness enthusiasts, we have a proposed well-equipped gymnasium.

IBS Mumbai: How to Reach?

The Institute has various means to travel to the Institute. ICFAI Business School Mumbai is well connected to the roadways. For candidates coming in from various parts of India, airways and railways is an affordable option. The Institute can be reached through public transports as well within the city. Chhatrapati Shivaji Maharaj International Airport and Andheri Railway Station are the some of the options in Mumbai to ease out the candidates for airway and railway means.

Check out more on IBS Mumbai Infrastructure:

Library

Sports Complex

Labs

Others

Commonly asked questions
On Infrastructure

Q: Does IBS Mumbai offer hostel facilities?

No, IBS Mumbai does not offer hostel facilities to the students. IBS Mumbai is spread across 1.83 acre of land. IBS Mumbai has well-equipped classrooms, a 225-seater auditorium, separate common rooms for boys and girls, a gym, and three syndicate rooms for student and faculty interaction. In addition to this, it has a well-stocked library with over 20,000+ books, 90+ national journals, more than 10 international and along with it magazines.

Q: Does IBS Mumbai offer the facility of educational loan?

Yes, the candidates selected for admission to IBS Mumbai can avail of educational loans from public/ private sector banks. This school has also formed MOUs with various financial institutions for the purpose of education loans namely Eduvanz Financing Pvt Ltd, AVANSE Financial Services Pvt Ltd, and Auxilo Finserve Pvt Ltd.

View Infrastructure Details

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IBS Mumbai Faculty

IBS Mumbai appoints experienced and trained faculty members. The faculty are passionate and committed to helping the students in their career pathways. They engage the students with the latest activities and innovate teaching and quality research. The faculty has an experienced faculty who are PhD, masters, and higher degree holders. Candidates can check the IBS Mumbai faculty details in this space:

Faculty Name	Faculty Qualification
Pritee Sanjeev Saxena Senior Director	Ph D, MMM (NMIMS), M.Sc, B.Sc
Hemant Sharad Purandare Director (Academics)& ACO	MMM, BE (Civil)
Amarjeet Patpatia Dean & Dy. PCO	MBA, M.Com B.Com, Dip in Trg (ISTD)
Madhu Iyengar Associate Dean & Dy. PCO	PhD, ICWA,CMA, M.Com,B.Com(Hons)
Priyanka Mathur Dhingra Associate Dean (SDCC)	MBA, BSc

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Commonly asked questions
On Faculty

Q: How is the faculty of IBS Mumbai?

IBS Mumbai has well-educated faculty. Most of the faculty are PhD and Masters degree holders. The institute also invites faculty for guest lectures and offers an opportunity to students to interact with some of the best personalities.

View Faculty Details

IBS Mumbai Notable Alumni

IBS Mumbai alumni are placed across different sectors such as HR, Business Development, Engineering, Marketing, and Politics, among others. IBS Mumbai is working in over 900 blue chip companies and is spread out across the world. Find below some of the notable alumni of IBS Mumbai:

Name

Designation

Parag Jain

Class of 2001

Parag is an alumnus of the Class of 2001 of IBS Mumbai. He completed a Bachelor's Degree in commerce before joining IBS. He is at present working with Adventity BPO FZ LLC as a Vice President and is based at Dubai. He has been associated with Network International as Sr. Project Manager and before that, he was working for Emirates Bank.

Pooja Awasthi

Class of 2004

Pooja is an alumna of the Class of 2004 of IBS Mumbai. She completed her Bachelor's Degree in Business Management before pursuing Management education from IBS. Currently, she is employed as a Relationship Manager with Anand Rathi, one of the biggest stockbroking organizations of the country. She is presently based in Mumbai, the Business Capital of India.

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IBS Mumbai FAQs

The Frequently Asked Questions (FAQs) around ICFAI Business School Mumbai (IBS Mumbai) are provided in the space below. These FAQs offer better understanding and answer majority of the student queries.

Q: Is it worth joining IBS Mumbai?

IBS Mumbai has good facilities like modern classrooms, libraries and hostels. It offers good placement facilities. The highest domestic and international package offered to PGPM batch 2023 was INR 18.80 LPA and INR 11.13 LPA.

Q: Is IBS Mumbai a part of any ICFAI University like IBS Hyderabad?

No, IBS Mumbai is an individual college. ICFAI Mumbai has also been rated as ‘A+’ by Business India and ‘A4’ by Business Standard. ICFAI Business School (IBS) Mumbai is one of the leading private B-schools in the country. While IBS Mumbai and IBS Hyderabad are both affiliated withICFAI, they are two separate institutions. IBS Mumbai is an independent professional institution, while IBS Hyderabad is a constituent of a deemed university.

Q: What is the average package offered during IBS Mumbai PGPM placements?

INR 7.89 LPA was the average package for the IBS Mumbai PGPM placement 2025. Refer to the table below for more details-

Particulars

2023 PGPM Placement

In INR

2024 PGPM Placement

In INR

2025 PGPM Placement

In INR

Average package

8.17 LPA

8.03 LPA

7.89 LPA

Top 10% average package

13.3 LPA

13.56 LPA

11.97 LPA

Top 25% average package

11.01 LPA

11.45 LPA

10.67 LPA

Q: Which is the top recruiting sector during IBS Mumbai PGPM placements?

The sector-wise placement distribution recorded during IBS placements 2025 is presented below:

Sectors	2025 Placement Distribution
Banking	15%
Consulting	7%
Education	3%
E-Commerce	3%
Financial Services	24%
FMCG / Retail	4%
Global Capability Center	8%
Infra / Telecom / Real Estate	7%
Insurance	7%
ITES	12%
Manufacturing / Construction	3%
Media & Research	1%
Hospitality / Tourism	2%
Pharma / Healthcare	1%
Logistics	2%
Others	3%

Note: The sector-wise placement distribution data presented above is the overall data of all the IBS campuses.

Q: How is IBS, Mumbai for PGPM?

ICFAI Business School, Mumbai has a good placements record. It is approved by UGC. In 2023 placements, the placement rate achieved was 98%. The highest domestic and international package offered was INR 18.80 LPA and INR 11.13 LPA, respectively. Further, the average package offered stood at INR 8.17 LPA. Some of the top companies that participate in placements were Google, Deloitte, EY, HCL, etc.

Q: What is the placement rate recorded during IBS Mumbai placements?

The placement rate recorded during IBS Mumbai placements over the past three years is presented below:

Particulars	2023 Placement Statistics	2024 Placement Statistics	2025 Placement Statistics
Placement rate	98%	98%	95%

Q: What is the IBS Mumbai admission process for PGPM?

ICFAI Business School, Mumbai admission process for PGPM programme is entirely entrance-based. The applicants are shortlisted based on merit in the accepted exams such as IBSAT/CAT/ GMAT /NMAT by GMAC/XAT. Candidates fulfilling the prescribed criteria are exempted from IBSAT exam. Further, the shortlisted candidates are called for personal interview and group discussion round. The final selection is done based on performance in the selection rounds. Read more on admission process, here.

Q: Where are IBS Mumbai alumni placed?

According to data gathered from unofficial sources, Business Development domain has placed the most number pf IBS Mumbai students. The domain-wise IBS Mumbai alumni placement statistics are presented below:

Note: The “Others” category includes the domains of Operations, Education, Human Resources, Information Technology, Research, Consulting, Accounting, Customer Success and Support, Product Management, Program and Project Management and Media and Communication.

The above-mentioned alumni data is gathered from unofficial sources and hence may vary.

Q: How are the international placements in IBS Mumbai?

The highest international package offered during IBS Mumbai placements over the past three years is presented below:

Particulars	Placement Statistics (2022)	Placement Statistics (2023)	Placement Statistics (2024)
Highest international package	INR 53.45 LPA	INR 11.13 LPA	INR 18 LPA

Q: What is IBSAT 2024 schedule?

IBSAT is a national level exam conducted by ICFAI Foundation for Higher Education (deemed to be University) for admission to MBA/ PGPM courses. IBSAT 2024 registration will commence in first week of July 2024 and candidates will be able to register themselves on the official website at general.ibsindia.org. IBSAT scores are accepted by nine ICFAI Business Schools (IBS), namely IBS Hyderabad, IBS Mumbai, IBS Bengaluru, IBS Pune, IBS Gurgaon, IBS Kolkata, IBS Ahmedabad, IBS Jaipur, and IBS Dehradun. Tabulated below is the tentative IBSAT 2023 schedule:

Events	Dates
IBSAT 2024 GD-PI	10 Feb - 18 Feb '24.
IBSAT 2024 Selection Process Result	March 2025

Q: Which is the top recruiting sector during IBS Mumbai placements?

Financial Services sector emerged as the top recruiting sector that placed 24% of the total students. The sector-wise placement distribution recorded during IBS placements 2024 is presented below:

Sectors	Placement Distribution (2025)
Banking	15%
Consulting	7%
Education	3%
E-Commerce	3%
Financial Services	24%
FMCG / Retail	4%
Global Capability Center	8%
Infra / Telecom / Real Estate	7%
Insurance	7%
ITES	12%
Manufacturing / Construction	3%
Media & Research	1%
Hospitality / Tourism	2%
Pharma / Healthcare	1%
Logistics	2%
Others	3%

Note: The sector-wise placement distribution data presented above is the overall data of all the IBS campuses.

Q: Which college should I choose for PGPM among IBS Mumbai and MIT-WPU?

To know which college to choose, students can compare the options based on significant factors such as fees and the highest salary. To help, presented below is a comparison between the PGPM courses at IBS Mumbai and MIT-WPU, based on fees and the highest salary:

Institute	Course Fee	the highest salary
IBS Mumbai	INR 9.09 lakh	INR 20 LPA
MIT-WPU	INR 9.40 lakh	INR 30 LPA

Note: The abovementioned information is as per official sources. However, it is subject to change. Hence, it is indicative.

Q: Does IBS Mumbai offers research opportunities during the PhD programme?

Yes, IBS Mumbai offers several research opportunities throughout the PhD programme, which include a 3-month summer research project in the student's field of specialisation. This is guided by a mentor and ends with a research seminar presentation prior to the PhD qualifying exam. The goal is to get research writing skills that can culminate in publication. Students are also linked with senior faculty for teaching and consultancy guidance.

Q: What are the prerequisites for enrolling in the PhD programme at IBS Mumbai?

For the IBS Mumbai PhD program, MBA degree holders can go directly into doctoral courses. Holders of a postgraduate qualification in allied fields need to complete first-year MBA courses as a prerequisite. This is to ensure that all applicants have a solid management foundation prior to embarking on doctoral research. The programme is meant for those who aspire for careers in teaching, research, and consultancy.

Q: Is IBS Mumbai admission open for 2026?

Yes, IBS Mumbai admission 2026 are open. The University accepts IBSAT exam or other national-level entrance exams, such as CAT, GMAT, or NMAT, to get admission to the MBA course. The process of selection is based on Micro Presentation and Personal Interview rounds. Final admission is confirmed post-fee payment. Aspiring candidates must qualify the eligibility criteria set by the institute for the desired course.

Q: What is the highest package offered during IBS Mumbai PGPM placements?

The highest package offered during IBS Mumbai PGPM placements over the past three years is presented below:

Particulars

2023 PGPM Placement Statistics

( In INR)

2024 PGPM Placement Statistics

(In INR)

2025 PGPM Placement Statistics

( In INR)

Highest domestic package

INR 18.8 LPA

INR 20 LPA

Highest international package

INR 11.13 LPA

INR 18 LPA

Q: What is the placement trend witnessed during IBS Mumbai PGPM placements?

The placement trend witnessed during IBS Mumbai PGPM placements over the past three years is presented below:

Particulars	PGPM Placement Statistics (2023)	PGPM Placement Statistics (2024)	PGPM Placement Statistics (2025)
Highest domestic package	INR 18.8 LPA	INR 20 LPA	INR 20 LPA
Highest international package	INR 11.13 LPA	INR 18 LPA	NA
Average package	INR 8.17 LPA	INR 8.03 LPA	INR 7.89 LPA
Placement rate	98%	98%	95%
Top 10% average package	INR 13.3 LPA	INR 13.56 LPA	INR 11.97 LPA
Top 25% average package	INR 11.01 LPA	INR 11.45 LPA	INR 10.67 LPA

Q: What is the batch-wise salary package offered during IBS Mumbai placements?

The batch-wise average package offered during IBS Mumbai placements over the past three years is presented below:

Particulars

2023 PGPM Placement Statistics

In INR

2024 PGPM Placement Statistics

In INR

2025 PGPM Placement Statistics

In INR

Highest domestic package

18.8 LPA

20 LPA

Top 10% average package

13.3 LPA

13.56 LPA

11.97 LPA

Top 25% average package

11.01 LPA

11.45 LPA

10.67 LPA

IBS Mumbai

Student Forum

Anything you would want to ask experts?

Write here...

What are the programmes offered by IBS Mumbai?

Answered 3 days ago

IBS offers PGPM (Postgraduate Program in Management) at five IBS campuses including Mumbai. The duration of PGPM programme is two years. The programme is offered in full time mode at the college campus.

Gaurika Chhabra

Contributor-Level 10

What are the important documents required for applying at IBS Mumbai?

Answered 3 days ago

To complete IBS Mumbai application process, students must submit the necessary documents. The list documents for the application process is given below

Class 10 and Class 12 marksheet
Bachelor's degree
Passport size photograph
Aadhar Card
Caste Certificate (if applicable)

Gaurika Chhabra

Contributor-Level 10

What is the selection criteria of IBS Mumbai?

Answered 3 days ago

IBS Mumbai selection criteria for the course offered is entrance-based. The scores of entrance test are considered for the final seat allotment.

Check the table below to know the eligibility and selection criteria for IBS Mumbai:

Course	Selection Process
PGPM	IBSAT/CAT/GMAT/NMAT by GMAC/XAT + Micro Presentation + Personal Interview

Gaurika Chhabra

Contributor-Level 10

What is the eligibility to get admission in IBS Mumbai?

Answered 3 days ago

To get admission in ICFAI Business School, Mumbai courses, students must meet the eligibility. The eligibility is to have valid scores in last qualifying exam.

Check the table below to know the eligibility for IBS Mumbai courses:

Course	Eligibility
PGPM	UG degree in any discipline with a minimum of 50% aggregate

Gaurika Chhabra

Contributor-Level 10

Does IBS Mumbai offer any scholarship?

Answered 3 days ago

Yes, IBS Mumbai offers relevant financial assistance to students. ICFAI Business School (IBS) offers scholarships to top performers in the IBSAT test, which is held in the last week of December. The scholarships are open to candidates applying for the MBA/PGPM programme and taking the IBSAT test.

Gaurika Chhabra

Contributor-Level 10

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