Post Graduate Program in Management (PGPM) 

at IBS Mumbai, Powai

The 2-year full-time PGPM program is an industry accepted management program. It does not have AICTE recognition but that does not matter as companies visit every year for recruitment. So as far as you are getting placed through campus it will not be a problem and on the other side the institute also provides an option to opt for the MBA degree program which is offered by ICFAI University Dehradun on self-study mode basis which will parallelly get completed with the PGPM program and that degree is UGC approved. So you can apply for Ph.D or any public sector job with this MBA degree also. P.S: AICTE approval is given to autonomous institute only which provide PGDM whereas UGC approval is given to universities providing MBA degree. Do not mix up both. Hope this is clear.

Financial Services sector emerged as the top recruiting sector that placed 26% of the total students during IBS MBA placements 2023. The sector-wise IBS Mumbai PGPM placement distribution 2023 is presented below:

Note: The “Others” category includes the sectors of Insurance, Manufacturing / Construction, FMCG / Retail, Infra / Telecom / Real Estate, Media & Research, Education and Other Services.

The detailed sector-wise IBS Mumbai PGPM placement distribution 2023 is presented below:

Sectors	PGPM Placement Distribution (2023)
Financial Services	26%
Banking	24%
IT / ITES	15%
Consulting	14%
Insurance	5%
Manufacturing / Construction	4%
FMCG / Retail	3%
Infra / Telecom / Real Estate	3%
Media & Research	2%
Education	1%
Other Services	3%

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

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

The key highlights of IBS Mumbai placements 2025 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

Yes, aspirants with a valid score of CAT can apply 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.

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. Moreover, the PGPM fee is INR 9.01 lakh. 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.

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.

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. 

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.

ICFAI Business School, Mumbai (IBS Mumbai) is a well-respected business school with a good placement record. The school offers a variety of courses, including MBA, PGDM, and Executive MBA. IBS Mumbai is also a member of the Association of Management Development Institutions in India (APMI).

In terms of placements, IBS Mumbai has a good track record. The school's placement cell helps students with their resume writing, interview skills, and portfolio development. The placement cell also conducts campus interviews with top companies in the government and private sectors.

In terms of industrial exposure, IBS Mumbai offers a number of opportunities for students to gain hands-on experience. The school has a number of corporate tie-ups, and students can participate in internships and projects with these companies. IBS Mumbai also has a number of clubs and societies, which give students the opportunity to network with professionals and learn about different industries.