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.
IBS Mumbai is a well known institute which offers PGDM programme to the students. The fee structure for the MBA programme is INR 9.1 lakh. The fee structure inculdes tuition fee for the two-year programme. The highest and average package offered during IBS Mumbai placements 2024 stood at INR 20 LPA and INR 8.03 LPA, respectively. The institute has good ROI as per the fee structure.
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
- Wards of IBS Alumni
Find some more details on the offered scholarships from the table given below:
Particular | IBS Mumbai PGPM Highlights |
|---|---|
Scholarship criteria | The minimum scholarship criteria (cutoff score) for a scholarship amount of INR 2 Lacs is: CAT: Top 75 candidates with a minimum score of 90 percentile and above XAT: Top 25 candidates with a minimum score of 80 percentile and above GMAT: Top 25 candidates with a minimum score of 550 and above NMAT by GMAC: Top 100 candidates with a minimum score of 225 and above |
NOTE: The above-mentioned scholarship information is from an unofficial source. Hence, is indicative.
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 a minimum score of 80 percentile and above
- For GMAT- The top 25 candidates with a minimum score of 550 and above are qualified for scholarship
- For NMAT by GMAC takes in the top 100 candidates with a minimum score of 225 and above for scholarship
Reviews (Showing 6 of 205 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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Student Forum
Anything you would want to ask experts?Answered 8 months 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 week ago
IBS Mumbai CAT cutoff 2025 was released for admission to the PGPM course for various All India categories. The cutoff was published in the form of percentiles.
For the General AI category, the overall percentile was 70 and 40 sectional for to the PGPM programme. Students who attain these percentile
N
Contributor-Level 10
Answered 2 weeks ago
IBS Mumbai conducts the admission process for all the PG courses in online mode. Interested candidates can fill the admission forms through the official website. The admissions ICFAI Business School Mumbai are currently ongoing. Interested candidates can go to the ICFAI Business School Mumbai websit
Contributor-Level 10
Answered 2 weeks ago
IBS Mumbai requires the following documents at the time of application:
- Class 10 and Class 12 marksheet
- Bachelor's degree
- Passport size photograph
- Aadhar Card
- Caste Certificate (if applicable)
Contributor-Level 10
Answered 2 weeks ago
IBS Mumbai conducts the application process for all courses in online mode. The application form can be filled through the official website of the college. The admissions to IBS Mumbai are now open for all courses. Candidates can check the eligibility and apply accordingly.
Contributor-Level 10
INR 9.01 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.