ICFAI Business School, Mumbai Scholarships and Funding
Scholarships worth Rs. 10 crore
IBS offers merit-based scholarships for top performers in IBSAT 2025 (to be held on December 27–28, 2025).
Mentioned below are the eligibility Categories for the Scholarship:-
• Candidates who are Top rankers in IBSAT 2025
• Candidates who are Wards of IBS alumni
• Physically challenged candidates
• Candidates who are Wards of Defence Personnel (In-service/retired) from the Army, Airforce, Navy, and Paramilitary Forces.
500 scholarships of Rs. 2 lakh each are planned for the Class of 2028. The amount will be adjusted—Rs. 1 lakh each—against the first and second term program fee instalments.
Terms and Conditions of the Scholarship.
1.Eligibility: Candidates must appear and qualify in IBSAT 2025 (on December 27 or 28, 2025).
2.Admission and Registration: Admission formalities, including fee payment and registration, must be completed in a timely manner.
3.Applicability: Scholarship amount will be adjusted against the program fee only.
4.Withdrawal Policy: If a student withdraws, the scholarship amount will be deducted before any applicable fee refund.
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ICFAI Business School, Mumbai Notifications
Student Forum
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 2 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 20 hours ago
IBS offers PGPM (Postgraduate Program in Management) at five IBS campuses including Mumbai. The duration of PGPM programme is two years. The programme is offered in full time mode at the college campus.
G
Contributor-Level 10
Answered 20 hours ago
To complete IBS Mumbai application process, students must submit the necessary documents. The list documents for the application process is given below
- Class 10 and Class 12 marksheet
- Bachelor's degree
- Passport size photograph
- Aadhar Card
- Caste Certificate (if applicable)
G
Contributor-Level 10
Answered 20 hours ago
IBS Mumbai selection criteria for the course offered is entrance-based. The scores of entrance test are considered for the final seat allotment.
Check the table below to know the eligibility and selection criteria for IBS Mumbai:
Course | Selection Process |
|---|---|
PGPM | IBSAT/CAT/GMAT/NMAT by GMAC/XAT + Micro Presentation + Personal Interview |
G
Contributor-Level 10







Are there any merit-based scholarships available at IBS Mumbai?