IBS Mumbai Placements 2025: Highest Package, Average Package, Top Recruiters

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.

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.

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%

Students can refer the table below for details on campus-wise salary data and placement rate in order to figure out the best IBS campus in terms of placements:  

IBS Campus Name	Highest Package (2025)(In INR)	Average Package (2025) (In INR)	Placement Rate (2025) (In INR)
IBS Mumbai	20 LPA	7.89 LPA	95%
IBS Hyderabad	21 LPA (Domestic)	9.82 LPA	93%
IBS Kolkata	9 LPA (Domestic)  12.5 LPA (International)	7.09 LPA	95%
IBS Pune	16.42 LPA	7.95 LPA	99%
IBS Jaipur	12.76 LPA   41.4 LPA (International)	7.14 LPA	95%
IBS Gurgaon	22 LPA	7.66 LPA	95%
IBS Dehradun	10.7 LPA	7.11 LPA	99%
IBS Ahmedabad	10.34 LPA	7.81 LPA	95%
IBS Bangalore	16.42 LPA	7.76 LPA	90%

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	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

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.

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. 

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. 

IBS Mumbai accepts applications via online and offline modes. For offline applications, aspirants need to visit the campus in person. Moreover, PGPM course admission is through IBSAT. Thus, aspirants must complete IBSAT registration. Aspirants seeking admission through any other entrance test can visit the official website to apply. The steps to be followed for online application form submission are as follows:

1.  Visit the IBSAT official website.
2. Fill out personal, educational, and other details in the application form.
3. Proceed and pay the application fee of INR 1,800 to submit the application successfully.

After the fee payment, candidates are informed through mail/SMS with the application number and password.

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. 

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.

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.

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

 

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.

ICFAI Business School 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.

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.

The steps to download IBSAT scorecard are:

1.  Visit the official website of ICFAI Business School
2. Click on the tab 'IBSAT results' in the notification bar
3.  New window will open for IBSAT results
4.  Enter your login credentials- which are, application number, and password
5.  Click on the 'Login' button to get your result
6.  Download and take a printout of IBSAT scorecard