ICFAI Business School Mumbai Powai Answered Questions

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.

The IBS Mumbai admission process starts from the application phase, where the candidates can apply offline or online. The candidates have to register for the IBSAT test or apply based on GMAT, CAT, XAT, or NMAT by GMAC scores. All information in the form must correspond to official documents, and an application fee of INR 1,800 has to be submitted. This ensures eligibility checking prior to going to the next level.

For IBS Mumbai application, the candidate should have the Bachelor's degree certificate and a recent passport-size photograph ready. An Aadhar Card is to be brought for identity verification, and a caste certificate needs to be furnished if it is applicable. The documents are needed to finalize the registration and admission procedures. Being prepared with them makes the process trouble-free.

Yes, there are plenty of networking events and mentorships opportunities available at IBS Mumbai. The college regularly organises mentorship programme with faculty members guiding students in academic, career, and networking topics. There are also clubs, such as E-Cell, that takes care of seminars, and networking events to help connect students with startups and entrepreneurs. 

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.  

In order to be considered for scholarships in IBS Mumbai, the candidates should appear for and pass in IBSAT 2025. Scholarships are provided to top rankers of IBSAT, alumni wards of IBS, physically challenged applicants, and defence personnel wards. The applicants who are eligible should proceed with the admission process, pay the admission fee, and register on the date given. The scholarship will be offset only against the programme fee.

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.

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.