ICFAI Business School Mumbai Powai Answered Questions

The scholarship value at IBS Mumbai will only be utilized to modify the programme fee and not for any other reason. Candidates need to meet the eligibility requirements, register, and gain admission in order to get the award. In case a student drops out of the programme, the refund will be determined after making a deduction in terms of the scholarship amount already awarded. These terms provide equitable utilisation of the scholarship amounts.

ICFAI Business School Mumbai has a high cost due to its reputation, strong placement record, and the perceived value of its MBA programme within the private sector. While the tuition fee is substantial, the placements and the overall learning experience, including faculty and course structure, is up to par as well.  

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.

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. 

Life at IBS Mumbai is focused on academic success and all-around development. Students have access to modern classrooms, a well-stocked library, specialised labs, and a Shri NJasui auditorium, where various mentorships, and events are organised for the development of the students.  

No, the admission in IBS Mumbai is on the basis of graduation marks and entrance test performance, not Class 12 marks. Aspirants should have a bachelor's degree with at least 50% aggregate. Selection tests such as IBSAT, CAT, GMAT, or NMAT are required.

IBS Mumbai provides scholarships of Rs 10 crores to meritorious and deserving students. Each of them is to the tune of INR 2 Lacs per candidate, with INR 1 Lacs deducted in the first-term fee and Rs 1 Lacs in the second-term fee. It plans to provide 500 merit scholarships for the year 2027. The scholarships have been planned to be given to top achievers and worthy candidates in different categories.

Shortlisting of candidates is done at IBS Mumbai based on the performance in IBSAT or any other entrance test that is accepted, such as GMAT, CAT, XAT, or NMAT by GMAC. Marks in the previous qualifying examination are also taken into account by the institute. Shortlisted candidates are invited for group discussion and personal interview rounds. Such stages evaluate communication, analytical ability, and aptness for the MBA program.

To get admission to the Post Graduate Program in Management (PGPM) at IBS Mumbai, candidates need to complete the application, pay the INR 1,800 fee, and submit it. The admission process considers academic records, entrance exam scores (IBSAT, CAT, GMAT, NMAT), and performance in the Micro Presentation and Personal Interview.