ICFAI Business School Mumbai Powai Answered Questions

Yes, you are eligible to apply . If your distance learning institute was UGC recognized or AICTE approved or both then you are absolutely eligible to apply . Distance learning education has also received recognition from University grants commission (UGC) which makes a candidate eligible for applying for further studies of choice or interest.

Overall review regarding my experience is that IBS Mumbai is well known for inviting 250 companies every year at the time of final placements . There are various cultural and domain clubs in IBS Mumbai which gives you a chance to participate in cultural as well as non cultural (Domain) events of the Inter college festivals. IBS being an autonomous institute is also known for its students having academics credentials at large. The institute is well known for its placements, college events and academics. The fee structure is such that the entire fees for 2 years is 7,10,000 rupees, out of which 10,000 would be refundable at the end of the 2 years. The mode of payment is via Demand Draft of 1,26,000 which needs to be paid at the beginning of the every semester.

IBS Mumbai does not provide hostel facilities like IBS Hyderabad. Yes, paying guest facilities like staying in booked rental houses facility is available which is within the radius of 1 to 2 kilometres which very much near to the vicinity of the college campus. There are many non localize who have migrated to IBS Mumbai from UP, Delhi, Ahmedabad, Pune, Hyderabad, Gurgaon, Kolkata and so on. People are very much comfortable staying as a Paying guest with other room mates on a residential rental basis.

The average package is of Rs.6.5 lakhs and the maximum package is of Rs.11.5 lakhs CTC with or without variables or fixed. Package may or may not depend on your graduation degree such as B.Pharma. what you have pursued. Mostly packages depends on the companies who are offering jobs at the time of campus placements. The eligibility criteria, academic qualification, skills required, and so on are decided by the companies visiting MBA institutes. Companies like Reckitt Benckiser (Dettol), RX Health Services & Solutions Pvt. Ltd. visit for people with B.Pharma graduation .

I am in constant touch with the placement cell of IBS Mumbai. I can assure you that JP Morgan Chase is the first company to visit IBS Mumbai that too in the 1st phase of final placements. JP Morgan Chase is also the company which offers the highest package i.e. of 11.5 lakhs per annum with variables and 8.5 lakhs per annum fix package. This information is 100 percent correct to the best of my knowledge and constant interaction with placement cell of IBS Mumbai.

IBS Mumbai in terms of placements is very good. Various big corporates and banks visits IBS Mumbai every year at the time of final placements. Companies like JP Morgan Chase, HDFC, ICICI, CRISIL, Deloitte, KPMG, Bank OF America, Kotak Mahindra Bank, ITC Hotels, Landmark Group, Satguru Travels, Reckitt Benckiser, Nestle, Tech Mahindra, etc. visit IBS Mumbai every year . Average package is of 7 lakhs and highest package is of 11.5 lakhs CTC. IBS Mumbai is also well known for providing 100 percent placements every year.

The teachers are highly qualified in IBS Mumbai. Majority of the teachers have achieved PHD in varied field of specialisation. Few of the teachers are Head of Departments of their respective field of Knowledge such as Marketing, Finance, Operations, Human Resource, IT and so on. Selection of the stream depends upon an individual's knowledge, understanding and interest about a particular field . You need to select a stream very carefully as your knowledge, interest and dedication towards a particular field will decide your career path and the way towards success. Average package for the batch of 2014-2016 was 6.5 to 7 lakhs .

CMAT cut off scores changes as per the institutional norms. Last year the highest cut off list opened at 90 percentile and it slowly reduced till 60 percentile. If CMAT scores are high then the chances of selecting campus as per preference becomes high, even if some one has scored average marks in CMAT then also he or she is eligible for IBS but the campus preference selection becomes a problem. As IBS Hyderabad is in huge demand as per campus preference followed by IBS Mumbai, Pune, Ahmedabad, Bangalore and so on.