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ICFAI Business School, Mumbai
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IBS Mumbai Fees 2025

Map Pin IconPowai, Mumbai
Star Icon3.8 /5
Comment Icon380 Student Q&A
  • Private Institute
  • Estd. 1995
Dark Clock Icon Last updated on 1 Oct '25

IBS Mumbai Fees
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IBS Mumbai Fee Structure

CourseTotal tuition fees
MBA/PGDM  (1 Courses)
₹ 8.29 LGet Fee Details
Info Icon The fees is for the entire duration of the respective courses.
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Commonly asked questions
On Fees Overview
Q:   How costly is studying at IBS Mumbai?
A: 

IBS Mumbai is a well known institute which offers PGDM programme to the students. The fee structure for the MBA programme is INR 9.1 lakh. The fee structure inculdes tuition fee for the two-year programme. The highest and average package offered during IBS Mumbai placements 2024 stood at INR 20 LPA and INR 8.03 LPA, respectively. The institute has good ROI as per the fee structure. 

Q:   Is the PGPM and MBA certificate given by IBS, Mumbai approved by AICTE?
A: 
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.
Q:   Is IBS Mumbai a part of any ICFAI University like IBS Hyderabad?
A: 

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.

IBS Mumbai
MBA/PGDM Fees 2026

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Fee componentsAmount (for 2 years)
₹ 8.29 L
₹ 80 K
₹ 9.09 L
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These are estimated fees information. Actual values may differ.

The value for money rating of this course is 3.8/5 (206 Reviews).View placement detailsExternal Link Icon Placement Insight Icon
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IBS Mumbai
MBA/PGDM Fees Comparison

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CollegesTuition FeesHostel Fees
8.29 L-/-
8.89 L-/-
11 L3.5 L
4.99 L-/-
51 K-/-
Info IconThe value are of the latest years available with Shiksha.
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Commonly asked questions
On MBA/PGDM Fees
Q:   How is IBS, Mumbai for PGPM?
A: 

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:   Is IBS Mumbai College good for MBA?
A: 

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. 

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IBS Mumbai
Scholarships

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IBS Mumbai
Students Ratings & Reviews

3.8/5
Verified Icon170 Verified ReviewsInfo Icon
Placement Review IconPlacements3.9
Infrastructure Review IconInfrastructure3.6
Faculty Review IconFaculty & Course4.2
Crowd Review IconCampus Life3.7
Money Review IconValue for Money3.8
What students say about ICFAI Business School, Mumbai
Placements
Infrastructure
Faculty
Other
LikesView All
Top recruiting companies like JP Morgan, Delloite, Neilson, ITC, ICICI Bank, Nestle, and Amazon.com visited our campus for placements.
Based on 59 Reviews
DislikesView All
There is no scope for operations and IT branches, But, there is a slight low package for HR aspirants.
Based on 24 Reviews
S
Shreyansh Verified Icon
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
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B
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
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A
AnonymousVerified Icon
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
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A
AnonymousVerified Icon
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
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P
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
Thumbs Up Icon(1) Thumbs Down Icon1 person found this helpful
I
Isha Goel Verified Icon
Post Graduate Program in Management (PGPM) - Batch of 2024
5
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
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IBS Mumbai

Student Forum

chatAnything you would want to ask experts?
Write here...

How can I get admission at IBS Mumbai?

Answered 3 months ago

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.

...Read more

J

Jagriti Shukla

Contributor-Level 10

Is IBS Mumbai admission open for 2025?

Answered 3 months ago

Yes, IBS Mumbai admission 2025 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

...Read more

U

Upasana Shukla

Contributor-Level 8

Who is eligible for IBS Mumbai?

Answered 3 months ago

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

...Read more

A

Abhay Arora

Contributor-Level 8

How are IBS Mumbai PGPM placements?

Answered 5 months ago

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

D

Dhanya Arora

Contributor-Level 9

What is the salary trend witnessed during IBS Mumbai placements?

Answered 5 months ago

The salary trend witnessed during IBS Mumbai 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

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

N

Nishtha Karan

Contributor-Level 9

Content authored by:

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Anya Singh

Updated on Oct 1, 2025

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