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ICFAI Business School, Mumbai
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IBS Mumbai: Admission 2026, Courses, Fees, Placement, Ranking

Map Pin IconPowai, Mumbai
Star Icon3.8 /5
Comment Icon380 Student Q&A
  • Private Institute
  • Estd. 1995
Dark Clock Icon Last updated on 2 Nov '26

IBS Mumbai
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IBS Mumbai Overview
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IBS Mumbai Highlights 2026

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  • Ratings: IBS Mumbai has been rated as ‘A++’ by Business India and ‘A4’ by Business Standard
  • Flagship Courses: The flagship course at ICFAI Business School Mumbai is MBA/ PGDM, offered across multiple specialisations.
  • Free Mock Test: One free mock test is available at any time to practice using basic registration/enquire on the website to access additional mock tests, candidates can purchase the IBSAT 2026 application.
  • Admission Criteria: The admission criteria at the institute is entrance-based, followed by an interview and micro-presentation for shortlisting of candidates.
  • Fees: The tuition fee for the PGPM programme at IBS Mumbai is INR 9.09 Lakhs.
  • Accepted Exams: The accepted exams at ICFAI Business School include IBSAT, CAT, XAT, and NMAT.
  • Placements: The highest package for PGDM students stood at INR 20 LPA in 2025.
  • Campus: The IBS Mumbai campus spans over 3.4 acres. ICFAI Business School also has campuses in Hyderabad, Ahmedabad, Bangalore, Kolkata, Gurgaon, Pune, Jaipur, and Dehradun.
  • Notable Alumni: Parag Jain (Vice President at Adventity BPO FZ LLC, Dubai) and Pooja Awasthi (Relationship Manager with Anand Rathi, one of the biggest stockbroking organisations of the country)

Check the brochure for more information: ICFAI_Brochure

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Commonly asked questions
On Highlights
Q:   Is it worth joining IBS Mumbai?
A: 

IBS Mumbai has good facilities like modern classrooms, libraries and hostels. It offers good placement facilities. The highest domestic and international package offered to PGPM batch 2023 was INR 18.80 LPA and INR 11.13 LPA. 

Q:   Who is eligible for IBS Mumbai?
A: 

ICFAI Business School (IBS) Mumbai offers a PG programme in the Management stream. To be eligible for the MBA programme, students must have a bachelor's degree from a recognised university. Students' selections are based on IBSAT/CAT/GMAT/NMAT by GMAC/XAT by appearing one of the exam and prepare for Micro Presentation and Personal Interview. 

Q:   Is the PGPM and MBA certificate given by IBS, Mumbai approved by AICTE?
A: 
The 2-year full-time PGPM program is an industry accepted management program. It does not have AICTE recognition but that does not matter as companies visit every year for recruitment. So as far as you are getting placed through campus it will not be a problem and on the other side the institute also provides an option to opt for the MBA degree program which is offered by ICFAI University Dehradun on self-study mode basis which will parallelly get completed with the PGPM program and that degree is UGC approved. So you can apply for Ph.D or any public sector job with this MBA degree also. P.S: AICTE approval is given to autonomous institute only which provide PGDM whereas UGC approval is given to universities providing MBA degree. Do not mix up both. Hope this is clear.
Q:   What is the fee of PGPM programme at IBS Mumbai?
A: 

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.

IBS Mumbai Admission & Application Process 2027

MBA/PGDM Admissions 2027

1 Course2 years
Accordion Icon V3
Check Circle Icon V2Eligibility
  • Undergraduate Degree with 50% aggregate
  • Accepting Exams: NMAT, XAT, IBSAT, CAT
Calendar IconImportant dates
DatesEvents
2 Nov '26 - 20 Nov '26
NMAT 2026 Result DeclarationOngoing
6 Nov '26 - 29 Nov '26
CAT 2026 admit card download Ongoing
29 Nov '26
CAT 2026 exam date
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Commonly asked questions
On Admissions
Q:   How to download IBSAT scorecard?
A: 

The steps to download IBSAT scorecard are:

  1.  Visit the official website of ICFAI Business School
  2. Click on the tab 'IBSAT results' in the notification bar
  3.  New window will open for IBSAT results
  4.  Enter your login credentials- which are, application number, and password
  5.  Click on the 'Login' button to get your result
  6.  Download and take a printout of IBSAT scorecard
Q:   Can I get direct admission to IBS Mumbai?
A: 

No, IBS Mumbai does not offer direct admission. The admission process is strictly entrance-based. Aspirants are required to take the IBSAT exam to become eligible for admission to the PGPM course. In addition, candidates with the required minimum score in CAT/XAT/NMAT or GMAT are also eligible to apply and are exempted from IBSAT exam. After this, the shortlisted candidates have to participate in the Micro Presentation and Personal Interview round for final selections. Check complete details about IBS Mumbai admission process.

Q:   How to apply for IBS Mumbai?
A: 

IBS Mumbai accepts applications via online and offline modes. For offline applications, aspirants need to visit the campus in person. Moreover, PGPM course admission is through IBSAT. Thus, aspirants must complete IBSAT registration. Aspirants seeking admission through any other entrance test can visit the official website to apply. The steps to be followed for online application form submission are as follows:

  1.  Visit the IBSAT official website.
  2. Fill out personal, educational, and other details in the application form.
  3. Proceed and pay the application fee of INR 1,800 to submit the application successfully.

After the fee payment, candidates are informed through mail/SMS with the application number and password.

Q:   How can students join IBS Mumbai?
A: 

The admission process at IBS Mumbai requires a bachelor's degree with a minimum of 50%. Entrance exams are mandatory for most courses. Students must first appear for national-level entrances and then move on to university-level selection rounds for final admission. IBS Jaipur offers full-time MBA/PGDM courses for two years and qualify in CAT/IBSAT/NMAT/XAT. It is mandatory for students to qualify the national entrance exam before admission. 

Admission Details for all courses
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IBS Mumbai Placements 2025

Top Recruiters

Wipro
Zomato
Oracle
Aditya Birla Group
Cavinkare
pwc
Vedanta
Jaro Education
HFFC
TATA Consultancy Services
Amul
FinEdge Advisory
Asian Paints
HDFC Bank
View placement details
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Commonly asked questions
On Placements
Q:   What is the placement rate recorded during IBS Mumbai placements?
A: 

The placement rate recorded during IBS Mumbai placements over the past three years is presented below:

Particulars

 2023 Placement Statistics 

2024 Placement Statistics 

 2025 Placement Statistics 

Placement rate

98%

98%

95%

Q:   Is IBS Mumbai good for placements?
A: 

IBS Mumbai offers commendable placements records. The institute has a dedicated placement cell which focuses on personality development, career counselling, internships, and a strong industry interface. The the highest and average package offered during IBS Mumbai placements 2024 stood at INR 20 LPA and INR 8.03 LPA, respectively.

Q:   What kind of companies visit IBS Mumbai for campus placements?
A: 

Companies visiting IBS Mumbai for campus recruitment are from multiple key sectors, including finance, banking, and consulting. These companies offer roles in management, analytics, sales, operations, and HR management.

Q:   Does IBS Mumbai help students find summer internships during the course?
A: 

Yes, ICFAI Business School (IBS) Mumbai actively assists students in securing summer internships through its dedicated corporate relations team and career management services. Many students successfully convert these summer internships into full-time job offers before graduating.

IBS Mumbai Cutoff 2025

MBA/PGDM Cut Off 2025 Latest Round

Section2025
Overall70
Quants40
VA-RC40
DI-LR40
Info Icon  Cut-off data is indicative and not official.
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Commonly asked questions
On Cutoffs
Q:   What is the CAT cutoff for IBS Mumbai?
A: 

Find below  the trend for IBS Mumbai CAT cutoff for PGPM:

PGPM - IBS Mumbai: CAT percentile Cutoff (General-All India)

Section

2019

2020

2021

Overall

70

70

70

Quants

40

40

40

VA-RC

40

40

40

DI-LR

40

40

40

NOTE: It is as per an unofficial source.

Q:   What is IBS Mumbai cutoff 2024 for MBA?
A: 

Based on IBS Mumbai cutoff 2024, the cutoff percentile required for MBA stood at 70 percentile overall in CAT 2025. Candidates shortlisted on the basis of the scores obtained in entrance exams like CAT. XAT, NMAT, IBSAT  are called for the Personal Interview round where candidates are further screened for final selection at the institute. The sectional cut off in CAT for MBA at IBS Mumbai stood at 40 for the General AI category candidates.

Q:   What is the CAT cutoff percentile for IBS Mumbai MBA admissions?
A: 

IBS Mumbai cutoff percentile for MBA admission through CAT is 70 percentile. Candidates seeking IBS Mumbai admission must have a valid score in order to be eligible for Group Discussions and Personal Interviews. Tabulated below are the year-wise cutoff percentile for IBS Mumbai for CAT: 

Post Graduate Program in Management (PGPM) - IBS Mumbai : CAT percentile Cutoff (General-All India)
Section202020212022
Overall707070
Quants404040
VA-RC404040
DI-LR404040
Q:   Does IBS Mumbai accept students who score below the official cutoff?
A: 

No, ICFAI Business School (IBS) Mumbai does not officially accept students who fall below the minimum qualifying cut-off for its entrance exams (such as IBSAT, CAT, NMAT, or XAT), because clearing the threshold is a mandatory prerequisite to receive a call for the selection rounds (Micro Presentation and Personal Interview).

View all cut-off
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IBS Mumbai
Students Ratings & Reviews

3.8/5
Verified Icon169 Verified ReviewsInfo Icon
Placement Review IconPlacements3.9
Infrastructure Review IconInfrastructure3.5
Faculty Review IconFaculty & Course4.2
Crowd Review IconCampus Life3.7
Money Review IconValue for Money3.8
What students say about ICFAI Business School, Mumbai
Placements
Infrastructure
Faculty
Other
LikesView All
Top recruiting companies are JP Morgan, Deloitte, KPMG, Black Rock, EY, ICICI Bank, HDFC, IDFC Banks, etc.
Based on 59 Reviews
DislikesView All
There is no scope for operations and IT branches, But, there is a slight low package for HR aspirants.
Based on 24 Reviews
S
Shreyansh Verified Icon
Post Graduate Program in Management (PGPM) - Batch of 2026
4.2
5.0Placements4.0Infrastructure4.0Faculty4.0Crowd & Campus Life4.0Value for Money
Review about the college ICFAI Business School - Mumbai.
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.
Infrastructure: The college's location is excellent, situated in the heart of Mumbai, Powai, with a view of the lake. The infrastructure includes an auditorium, online lectures, a library, large classrooms, a gym, and three canteens with delicious food.
Faculty: The faculty is excellent, with most having over 15 years of teaching experience. Even the visiting faculty have similar experience. All the faculty members are friendly and helpful in every situation. Exams are held semester-wise, with mid-semester and end-of-semester exams.
Other: The crowd here is very good, and everyone is well-versed. There are around 27 clubs and 3 committees, where you can enroll in a maximum of 3 clubs and one committee.
Reviewed on 12 Aug 2024Read More
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B
Bhavya Mathreja Verified Icon
Post Graduate Program in Management (PGPM) - Batch of 2021
4.4
5.0Placements4.0Infrastructure4.0Faculty5.0Crowd & Campus Life4.0Value for Money
Great institute potential to become a top business college.
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 offer internships with salaries up to INR 50,000.
Infrastructure: We are in Mumbai, so obviously the college campus is small, the college infrastructure is modern, and it is located in key areas like Powai, which have many transportation options. The college gym is very small, but important equipment is a mission. Because of the small campus, there are no big sporting events conducted on campus. The college library is filled with a lot of books that students can use to gain good knowledge. Classrooms are fully air-conditioned, with projectors and comfortable desks. Our college does not provide any hostels, and the college area is very expensive; it is not affordable for a normal student, so we leave the outer area of the city for daily travel, where 1 BHK rent is 15,000, which is the cheapest.
Faculty: IBS Mumbai only offers a PGPM program; faculty members from the college possess great skills. They are mainly focused on our presentation and communication skills. They are your mentors until you get placed. In one semester, there are a midterm and a final term, which makes for two exams per semester. So in total, you have to excel in 8 exams. The course is much more practical-oriented; it deals with skills that are essential in industries.
Other: There is only one thing I wish to improve: expenses. College feels that living costs are very high, and middle-class students cannot afford them.
Reviewed on 27 Jun 2024Read More
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A
AnonymousVerified Icon
Post Graduate Program in Management (PGPM) - Batch of 2022
4.6
5.0Placements4.0Infrastructure5.0Faculty5.0Crowd & Campus Life4.0Value for Money
Great Choice IBS Mumbai To Do PGPM.
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 secure good jobs after graduation.
Infrastructure: The campus infrastructure is very poor; there is no ground for sports, games, or events. The auditorium is basically a hall with chairs and a dias. Our fest, Konflex, is amazing and includes many dance, singing, and flash mob competitions. Classrooms are spacious and equipped with projectors and smart boards. The college does not have any hostels; instead, they allocate rented rooms, but no one took them. Rooms in Powai are expensive, so we stay in Navi Mumbai, where the rent for a 2BHK accommodating 4 students is 20,000.
Faculty: Teachers at IBS are very helpful; they focus on the overall development of students, working on our personality and communication skills. Teachers at IBS are graduates of IIM and NIT. The course is the same for everyone in the first year, but later, as per specialization, students' subjects differ. Marketing is strong at IBS, with each batch having a capacity of 100 students. There are two exams in each semester, along with additional quizzes between exams. Exams are challenging, and very few students clear all subjects.
Other: The workload is intense, but I believe it's worth it. In my opinion, IBS is a great choice for PGPM.
Reviewed on 14 Jun 2024Read More
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A
AnonymousVerified Icon
Post Graduate Program in Management (PGPM) - Batch of 2025
3.6
4.0Placements4.0Infrastructure4.0Faculty3.0Crowd & Campus Life3.0Value for Money
IBS college is very good and I would suggest this college to my juniors.
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.
Infrastructure: The library has a collection of over 34000 books of Management and other subjects. AC classrooms are available which are working and in a very good condition. You can have coffee in the short time break at Nescafé. The canteen has a lot of variety to eat for lunch. Medical facilities are provided by our college. Indoor games are available in our college including Table tennis, carrom board, etc.
Faculty: The teachers are very helpful in guiding their students, they are very knowledgeable. They create power point presentations to make us understand the concepts clearly. The course curriculum is relevant and it makes the students ready for the industry. The semester exams are not that difficult. If the students are prepared, they will be able to score good marks in the semester exams.
Reviewed on 25 May 2024Read More
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P
Pradnya Kunder Verified Icon
Post Graduate Program in Management (PGPM) - Batch of 2022
4.2
5.0Placements4.0Infrastructure3.0Faculty5.0Crowd & Campus Life4.0Value for Money
The College has a record of 90% of placements.
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.
Infrastructure: They don't have girls hostels facility from college itself but there is one hostel near the college which is good enough to stay until your graduation is over. The rent is around 15000 per month and along with that, you have to deposit 20000 INR for admission which is refundable. Hostel Fee is INR 170000 per year.
Faculty: I had a plan to pursue a career in marketing. Hence, I took this course PGDM-Marketing. Student to faculty ratio is 12:1. All the faculty members (99%) directly come from the industry. Maximum students are Ph.D. holders. They are exceptionally qualified and they teach us to become industry-ready. On this campus, the trimester system is there, i.e. every 3 months. End-term exams happen and in between, surprise tests and presentations are done. It is not so difficult to pass in them. If you give some attention, then you will pass the exams easily. Class size is 63 and course fees is INR 909000 per year.
Reviewed on 7 Nov 2023Read More
Thumbs Up Icon(1) Thumbs Down Icon1 person found this helpful
I
Isha Goel Verified Icon
Post Graduate Program in Management (PGPM) - Batch of 2024
5.0
5.0Placements5.0Infrastructure5.0Faculty5.0Crowd & Campus Life5.0Value for Money
Review of ICFAI Business School, Mumbai.
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.
Infrastructure: The college is equipped with a gym, IT lab, SQL lab and Bloomberg lab. The college is centrally air conditioned with Wi-Fi facilities. The college library and reading room helps students to study and provide reading resources in abundance. The college has three canteens and a CCD outlet and a Nescafe outlets to keep students re-energized with coffee and food. The college had a seperate club to focus on sports and fitness of students.
Faculty: The teaching staff of IBS Mumbai consists of permanent and visiting faculty members. All the faculty members are helpful and approachable. The teaching are as per relevant curriculum which make students industry ready. The semester exams focuses on case study learnings and the pass percentage of students is 100 percent.
Other: I have majoring in Marketing, the course offer a list of 18 electives to chose from as per interest of students. The college has 23 clubs and committees which focuses on holistic student development. The college conducts Annual event name Konflux and all the festivals are celebrated in the campus signifying diversity and inclusion.
Reviewed on 29 Sep 2023Read More
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IBS Mumbai Scholarships 2026

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IBS Merit Scholarships
Scholarships worth Rs. 10 crore

These scholarships are open to candidates applying for the MBA/PGPM 2027-29 programme and taking the IBSAT test in December 2026.

Scholarships from IBSAT 2026
For Toppers in IBSAT 2026/CAT/XAT/NMAT by GMAC/ GMAT- Candidates who secure top ranks in IBSAT2026/ CAT/ XAT/ NMAT by GMAC/ GMAT.
For Wards of IBS Alumni- Children of IBS alumni applying for the MBA/PGPM programme.
For Physically Challenged Candidates- Candidates with physical disabilities applying for the MBA/PGPM programme.
Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces- Children of in-service or retired defence personnel from these forces applying for MBA/PGPM program.

Terms and Conditions for Merit Scholarships
1. Eligibility: Scholarships will be offered to candidates who applied for IBSAT 2026 and took the IBSAT Dece

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Commonly asked questions
On Scholarships
Q:   Does IBS Mumbai offer any financial help or scholarships to students?
A: 

Yes, ICFAI Business School (IBS) Mumbai offers financial aid and a scholarship pool worth INR 10 crores across its campuses, providing selected students with a total scholarship amount of INR 2,00,000 each (adjusted as INR 1,00,000 each against the first and second-term program fee installments)

Q:   Can I get a scholarship at IBS Mumbai if I have a high score in CAT or NMAT?
A: 

Yes, IBS Mumbai considers top scorers in national exams like CAT, NMAT, or GMAT for tuition fee waivers. Students who secure a high percentile are eligible for these merit-based awards during the first year. The continuation of this financial aid in the second year depends strictly on maintaining a high academic performance standard.

Q:   What is the process to apply for a scholarship at IBS Mumbai?
A: 

Applying for a scholarship at ICFAI Business School (IBS) Mumbai involves qualifying through an accepted entrance exam, completing the general admission process, and meeting specific merit or category criteria.

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College comparison

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Compare IBS Mumbai with other similar colleges

MBA/PGDM
CollegeMedian SalaryTotal Tuition FeesRanking
-/-₹ 9.09 L -/-
-/-₹ 16.5 L#21 Times, 2026
₹ 15 LPA₹ 15.36 L101-125 NIRF, 2025
₹ 8.5 LPA₹ 13.5 L -/-
₹ 10.4 LPA - 12.1 LPA₹ 8.99 L - 10.27 L -/-
-/-₹ 10 L - 12 L -/-
The values are of the latest years available with Shiksha. For more details, check detailed comparison
View comparisons
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IBS Mumbai Infrastructure

Library

Sports Complex

Labs

Others

Q&A Icon
Commonly asked questions
On Infrastructure
Q:   Are there places for sports and recreation at IBS Mumbai?
A: 

IBS Mumbai includes indoor sports facilities where students can play table tennis, chess, and carrom during their breaks. The campus also has common lounges and seminar halls designed for cultural events, student club activities, and workshops.  

Q:   What facilities are available for students inside the IBS Mumbai campus?
A: 

The classrooms at IBS Mumbai are contemporary and are also provided with audio-visual devices along with the computer labs. The college offers internet connectivity in addition to designated study rooms where group discussion sessions take place. There are facilities for cafeterias which provide clean eating arrangements for the students.

Q:   Does IBS Mumbai provide hostel accommodation on the campus?
A: 

No, IBS Mumbai does not provide on-campus hostel accommodation. Students can stay in private PGs (Paying Guests), co-living spaces, or rented 1BHK/2BHK flats located nearby in areas like Powai, Vashi, and Navi Mumbai.

View Infrastructure Details
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IBS Mumbai FAQs

Q:   What is the exam pattern & test structure of IBSAT 2026?
A: 

The IBSAT 2026 is a 2-hour computer-based test containing 140 Multiple Choice Questions. It features zero negative marking and no sectional time limits. 

Section No

Section Name

Marks

1

Verbal Ability

50

2

Reading Comprehension

30

3

Quantitative Aptitude

30

4

Data Adequacy & Interpretation

30

TOTAL

140

 

 

 National Mock Tests

Aspirants can prepare and practice through proctored Free National Mock Test with 100 prizes to win. 

1st Prize Rs 2 Lacs

2nd Prize Rs 1 Lakh

3rd Prize Rs 50,000

4th-100th Prize Rs 5,000 each 

Q:   What is the application fee of IBS Mumbai?
A: 

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. 

Q:   Does IBS Mumbai accept CAT score for MBA?
A: 

Yes, IBS Mumbai does accept a valid score of CAT for IBS Mumbai PGPM course. In addition, candidates with a 60 percentile and above CAT score are exempted from writing the IBSAT 2023 exam. Moreover, apart from this, it is also crucial that the aspirants fulfil the course-specific eligibility requirements as prescribed by the ICFAI Business School, Mumbai. For more details about the CAT entrance examination, Click Here.

Q:   What is the exam pattern of IBSAT?
A: 

IBSAT consist of 140 questions across 4 sections to be completed in 120 minutes.

 Course 

 Number of Questions 

 Verbal Ability

 50

 Reading Comprehension

 30

 Quantitative Aptitude

 30

 Data Adequacy & Interpretation

 30

Q:   What is the IBS Mumbai admission process for PGPM?
A: 

ICFAI Business School, Mumbai admission process for PGPM programme is entirely entrance-based. The applicants are shortlisted based on merit in the accepted exams such as IBSAT/CAT/ GMAT /NMAT by GMAC/XAT. Candidates fulfilling the prescribed criteria are exempted from IBSAT exam. Further, the shortlisted candidates are called for personal interview and group discussion round. The final selection is done based on performance in the selection rounds. Read more on admission process, here.

Q:   Which entrance exam is accepted by IBS Mumbai?
A: 

ICFAI Business School conducts ICFAI Business School Aptitude Test (IBSAT) for admission to its Management courses. However, it is not compulsory for selection. Aspirants with a required score in other accepted exams: CAT/GMAT/NMAT by GMAC/XAT are also eligible to apply. Moreover, aspirants shall check out the eligibility requirements before applying for the course. Candidates are shortlisted based on accepted exam scores for further selection rounds. Read more on IBS Mumbai admissions here.

Q:   What is the total fee of MBA at IBS Mumbai?
A: 

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.

Q:   What is the total academic fee for the two-year management program at IBS Mumbai?
A: 

ICFAI Business School (IBS) Mumbai charges a total institutional tuition and academic delivery fee fixed at INR 9.09 Lakhs for its entire full-time post-graduate course. On the other side, the academic cost structure for pursuing professional graduation courses at NIET varies distinctively according to the selected branch.

Q:   Can a student pay the total program fees at IBS Mumbai in flexible periodic installments?
A: 

Yes, students can pay the total program fee of INR 9.09 Lakh for the PGPM program at IBS Mumbai in structured, periodic installments across the duration of the course.

Q:   Are there any additional hidden charges that a student must pay at the time of joining IBS Mumbai?
A: 

ICFAI Business School (IBS) Mumbai requires an extra refundable caution security deposit of INR 10,000 to be deposited right along with the very first semester installment. New students registering for classes at NIET must also account for distinct exam charges, student activity funds, and laboratory fees. 

Q:   Who can get admission in IBS Mumbai?
A: 

Candidates can check the table below to know the eligibility and selection criteria for IBS Mumbai courses:

Course

Eligibility

Selection Process

PGPM

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

Q:   Can I get admission in PGPM programme at IBS Mumbai without IBSAT?
A: 

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.

Q:   What is the eligibility criteria for admission to PGPM at IBS Mumbai?
A: 

IBS Mumbai offers PGPM for a duration of 2 years. The eligibility for PGDM courses at ICFAI Business School Mumbai is graduation/ bachelor's degree in any stream with the specified minimum aggregate. In addition to this, candidates must qualify any of the accepted entrance exams, followed by an interview and micro-presentation.

Q:   What are the documents required during IBS Mumbai application process?
A: 

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)
Q:   How to apply for IBSAT to get admission at IBS Mumbai?
A: 

IBS Mumbai conducts the application process for all courses in online mode. The step-wise IBSAT application process is given below:

  1. Visit the IBSAT registration portal.
  2. Fill out the admission form with all the information about personal and educational details.
  3. Upload the necessary documents.
  4. Proceed with the application form and pay an application amount of INR 1,800.
Q:   What is the mode of application at IBS Mumbai?
A: 

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.

Q:   Does IBS Mumbai accept XAT scores for admission to PGPM programme?
A: 

IBS Mumbai PGPM admissions are entrance-based. It accepts various national-level tests which includes XAT that is conducted in January. Moreover, apart from the entrance test score, the students are also evaluated based on performance in the personal interview and micro-presentation round. 

Q:   How is IBS, Mumbai for PGPM?
A: 

ICFAI Business School, Mumbai has a good placements record. It is approved by UGC. In 2023 placements, the placement rate achieved was 98%. The highest domestic and international package offered was INR 18.80 LPA and INR 11.13 LPA, respectively. Further, the average package offered stood at INR 8.17 LPA. Some of the top companies that participate in placements were Google, Deloitte, EY, HCL, etc. 

Q:   What is the PGPM course of IBS Mumbai?
A: 

IBS Mumbai Postgraduate Programme in Management (PGPM) is a two-year course divided into four semesters. The course is offered in a full-time mode. Aspirants seeking admission must meet the minimum eligibility requirements. Moreover, the selection process is entrance-based. Candidates have to appear for IBSAT and secure a good score of admission. However, candidates with a valid score in CAT/XAT/GMAT/NMAT by GMAC with the required minimum score are exempted from IBSAT. Candidates shortlisted based on the exam score are further invited for group discussion and personal interview round. Read here about on Career Scope of PGDM.

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IBS Mumbai

Student Forum

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Where does IBS Mumbai stand in national management college rankings?

Answered a week ago

IBS Mumbai (ICFAI Business School, Mumbai) holds several notable positions in national and regional B-school rankings, though it does not have a standalone NIRF (National Institutional Ranking Framework) management ranking (as NIRF typically ranks the flagship IBS Hyderabad campus instead):

R

Rashmi Karan

Contributor-Level 9

Does IBS Mumbai hold any specific institutional accreditations?

Answered a week ago

IBS Mumbai does not hold independent institutional accreditation from regulatory bodies like the AICTE or UGC. Instead, it operates as an independent professional institute offering a Post Graduate Program in Management (PGPM).

R

Rashmi Karan

Contributor-Level 9

When are the official cutoff scores for IBS Mumbai usually announced?

Answered a week ago

The official IBSAT cutoff scores for IBS Mumbai are usually announced in early January (typically the first week of January), shortly after the declaration of the IBSAT results in late December.

R

Rashmi Karan

Contributor-Level 9

How can a student apply for the management programs at IBS Mumbai?

Answered a week ago

IBS Mumbai allows candidates to fill out the application form online through the official institutional portal. Applicants need to register, pay the required processing fee, and upload their academic documents along with valid entrance exam scores.  

R

Rashmi Karan

Contributor-Level 9

What are the eligibility criteria to apply for admission at IBS Mumbai?

Answered a week ago

IBS Mumbai requires applicants to hold a bachelor's degree in any discipline with at least fifty percent aggregate marks. The medium of instruction throughout graduation must be English, or applicants must provide proof of English proficiency. Students in their final year of graduation are also perm

...Read more

R

Rashmi Karan

Contributor-Level 9

Content authored by:

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Rashmi Karan

Updated on Nov 2, 2026

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