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IBS Mumbai Fees 2027

Powai, Mumbai

3.8 /5

(206 Reviews)

422 Student Q&A

Private Institute
Estd. 1995

Last updated on 2 Nov '26

IBS Mumbai Fees

Table of contents

IBS Mumbai Fee Structure 2026
- IBS Mumbai MBA/PGDM Fees 2026
IBS Mumbai Student Reviews

IBS Mumbai Fee Structure 2026

The total academic fee for the two-year, full-time Post Graduate Program in Management (PGPM) at IBS Mumbai is INR 9.09 Lakh. This fee covers tuition and academic delivery and is payable in structured periodic installments.

Fee Breakdown & Additional Costs

Tuition / Programme Fee: INR 9.09 Lakh for the entire two-year course.
Caution Deposit: A refundable deposit of INR 10,000 must be paid along with the first fee installment.
Application / Entrance Fee: The IBSAT registration fee is INR 1,800 if applying through the institute's primary test.
Living & Hostel Expenses: ICFAI Business School, Mumbai is a non-residential campus with no on-campus hostel facilities. Students must budget separately for local PG accommodations and personal living costs in Mumbai.

IBS Mumbai Cancellation & Refund Policy

Policy Element	Details & Conditions
Withdrawal Application	Must be submitted via a formal written request to the Program Coordinator or Student Services.
Refund Calculation	Exact amounts and timelines strictly follow the Handbook of Student Regulations.
Deduction & Adjustment	Scholarship amounts are automatically deducted before processing any fee refund.
Refund Method	Credited back to the original payment source (or via cheque if technical issues occur).
Non-Refundable Cases	Fees are completely non-refundable if admission is cancelled due to false information or eligibility failures.

Course	Total tuition fees
MBA/PGDM (1 Courses)	₹ 9.09 LGet Fee Details

The fees is for the entire duration of the respective courses.

Commonly asked questions
On Fees Overview

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

INR 9.1 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: What is the fee for PGPM at IBS Mumbai?

IBS Mumbai PGPM fees is INR 9.1 lakh. IBS Mumbai fee structure includes many components such as tuition fee, refundable caution deposit, etc.

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: Are there any additional hidden charges that a student must pay at the time of joining IBS Mumbai?

ICFAI Business School (IBS) Mumbai requires an extra refundable caution security deposit of INR 10,000 to be deposited right along with the very first semester installment. New students registering for classes at NIET must also account for distinct exam charges, student activity funds, and laboratory fees.

IBS Mumbai MBA/PGDM Fees 2026

The MBA/PGDM is offered by IBS Mumbai at the PG level. The 2 years course accepts candidates through a merit-based process. IBS Mumbai MBA/PGDM fee includes components, such as tuition fee, hostel fee, caution deposit, etc. Candidates must participate in the IBS Mumbai admission process to stand a chance at receiving the final offer for admission. Candidates who do get the final offer can pay the tuition fee of INR 9,09,000 to finalise their candidature.

Fee components	Amount (for 2 years)
Tuition The Fee might include components other than tuition fee.	₹ 9.09 L
One-time Payment One time fee includes refundable caution deposit.	₹ 10 K
Total fee	₹ 9.19 L

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 details

Get Admission Details

IBS Mumbai
MBA/PGDM Fees Comparison

Colleges	Tuition Fees	Hostel Fees
IBS Mumbai	9.09 L	-/-
SIBM Nagpur Compare	8.99 L - 10.27 L	5.8 L
National Insurance Academy Pune Compare	10 L - 12 L	2 L - 4 L
IBS Pune Compare	9.09 L	-/-
SIES College of Management Studies	7 L - 9 L	-/-

The value are of the latest years available with Shiksha.

View comparisons

Commonly asked questions
On MBA/PGDM Fees

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.

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IBS Mumbai
Students Ratings & Reviews

3.8/5

169 Verified Reviews Info Icon

4-5
55
3-4
91
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 is no scope for operations and IT branches, But, there is a slight low package for HR aspirants.

Based on 24 Reviews

Shreyansh

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

4.2

5.0Placements4.0Infrastructure4.0Faculty4.0Crowd & Campus Life4.0Value 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

5.0Placements4.0Infrastructure4.0Faculty5.0Crowd & Campus Life4.0Value 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

5.0Placements4.0Infrastructure5.0Faculty5.0Crowd & Campus Life4.0Value 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

4.0Placements4.0Infrastructure4.0Faculty3.0Crowd & Campus Life3.0Value 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

5.0Placements4.0Infrastructure3.0Faculty5.0Crowd & Campus Life4.0Value 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

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1 person found this helpful

Isha Goel

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

5.0

5.0Placements5.0Infrastructure5.0Faculty5.0Crowd & Campus Life5.0Value 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

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Where does IBS Mumbai stand in national management college rankings?

Answered a week ago

IBS Mumbai (ICFAI Business School, Mumbai) holds several notable positions in national and regional B-school rankings, though it does not have a standalone NIRF (National Institutional Ranking Framework) management ranking (as NIRF typically ranks the flagship IBS Hyderabad campus instead):

Rashmi Karan

Contributor-Level 9

Does IBS Mumbai hold any specific institutional accreditations?

Answered a week ago

IBS Mumbai does not hold independent institutional accreditation from regulatory bodies like the AICTE or UGC. Instead, it operates as an independent professional institute offering a Post Graduate Program in Management (PGPM).

Rashmi Karan

Contributor-Level 9

Does IBS Mumbai accept students who score below the official cutoff?

Answered a week ago

No, ICFAI Business School (IBS) Mumbai does not officially accept students who fall below the minimum qualifying cut-off for its entrance exams (such as IBSAT, CAT, NMAT, or XAT), because clearing the threshold is a mandatory prerequisite to receive a call for the selection rounds (Micro Presentatio

Rashmi Karan

Contributor-Level 9

When are the official cutoff scores for IBS Mumbai usually announced?

Answered a week ago

The official IBSAT cutoff scores for IBS Mumbai are usually announced in early January (typically the first week of January), shortly after the declaration of the IBSAT results in late December.

Rashmi Karan

Contributor-Level 9

Does IBS Mumbai offer any financial help or scholarships to students?

Answered a week ago

Yes, ICFAI Business School (IBS) Mumbai offers financial aid and a scholarship pool worth INR 10 crores across its campuses, providing selected students with a total scholarship amount of INR 2,00,000 each (adjusted as INR 1,00,000 each against the first and second-term program fee installments)

Rashmi Karan

Contributor-Level 9

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