ICFAI Business School (IBS), Mumbai, offers attractive merit- and category-based scholarships to help students manage their tuition costs. For the upcoming 2026 batches, the institution has allocated a large scholarship pool where eligible management students receive a fixed fee reduction distributed across their initial academic terms.
| Scholarship Name | Eligibility | Exact Amount of Fee Waiver Offered |
|---|---|---|
| IBSAT Merit Award | Top scorers/rankers in the IBSAT 2026 entrance examination. | INR 2 Lakhs (Adjusted as INR 1 Lakh each in the 1st and 2nd term fee installments) |
| Other Entrance Test Merit Award | High scorers in national entrance exams such as CAT, XAT, NMAT by GMAC, or GMAT | INR 2 Lakhs (Adjusted as INR 1 Lakh each in the 1st and 2nd term fee installments) |
| Alumni Ward Award | Candidates who are children/wards of former IBS graduates. | INR 2 Lakhs (Adjusted as INR 1 Lakh each in the 1st and 2nd term fee installments) |
| Defence Ward Award | Wards of serving or retired defence and paramilitary personnel (Army, Air Force, Navy). | INR 2 Lakhs (Adjusted as INR 1 Lakh each in the 1st and 2nd term fee installments) |
| Award for Candidates with a Disability | Physically challenged/differently-abled candidates meeting the college's prescribed criteria. | INR 2 Lakhs (Adjusted as INR 1 Lakh each in the 1st and 2nd term fee installments) |
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IBS Mumbai PGPM fees is INR 9.1 lakh. IBS Mumbai fee structure includes many components such as tuition fee, refundable caution deposit, etc.
The total fee of PGPM programme at IBS Mumbai is INR 9.09 lakh. In addition, students have to pay Rs 10,000 as refundable caution deposit along with the 1st installment of fee across all the campuses.Living expenses are extra. This number is taken from the official sources of college. It can change.
The IBS Mumbai application process is conducted in online and offline modes. The application fee of IBSAT exam is INR 1,800. The exam will be conducted in December 2026.
Reviews (Showing 6 of 206 reviews)
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.
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 of...
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...
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.
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.
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.
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Know more about this College
- IBS Mumbai Scholarship Details
- IBS Mumbai Latest News & Notifications 2026
- IBS Mumbai Courses & Fees 2026: PG, Doctorate Courses
- IBS Mumbai Placements 2026: Highest Package, Average Package, Top Recruiters
- IBS Mumbai Cutoff 2025: Check CAT Cutoff Percentile
- IBS Mumbai Answered Questions
- IBS Mumbai Faculty Details & Reviews
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Student Forum
Anything you would want to ask experts?Answered a year ago
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 wit
a
Contributor-Level 9
Answered a year ago
Yes, IBS Mumbai offers a lot of merit-based scholarships for PGPM students based on the scores achieved in CAT, XAT, GMAT, NMAT, and IBSAT entrance exams. Check out the list below to know more-
- For CAT: Top 75 candidates with a minimum score of 90 percentile and above
- For XAT: Top 25 candidates with
S
Contributor-Level 10
Answered 3 years ago
Yes, ICFAI Business School Mumbai offer a scholarship to PGPM with good performance in the IBSAT exam. The scholarship is offered under the following categories:
- IBSAT 2023
- Defense personnel wards (serving or retired) from Army, Airforce, Navy, and Paramilitary forces
- Physically challenged candidates
- Wa
M
Contributor-Level 9
Answered 2 months ago
Candidates can check the table below to know the eligibility and selection criteria for IBS Mumbai courses:
Course | Eligibility | Selection Process |
|---|---|---|
UG degree in any discipline with a minimum of 50% aggregate | NMAT href="https://www.shiksha.com/mba/cat-exam">CAT/XAT href="https://www.shiksha.com/mba/nmat-by-gmac-exam">NMAT by GMAC/XAT + Micro Presentation + Personal Interview |
R
Contributor-Level 10
Answered 2 months ago
IBS Mumbai conducts IBSAT exam for admission into PGPM programme. However, the college also considers valid score of other entrance exams such as: CAT/XAT/NMAT/GMAT. So, IBSAT is not compulsory dor PGPM admission.
R
Contributor-Level 10
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.