List of ICFAI Business Schools (IBS): Courses, fees & ranking

ICFAI Business School Aptitude Test 2026 ( IBSAT )

Shruti
Shruti Garg
Assistant Manager- Editorial
Updated on Feb 12, 2026 09:56 IST
IBS ICFAI offers various full-time and part-time management courses, including MBA, BBA, PGPM and PhD. IBS includes nine campuses across India. Here's a list of ICFAI Business Schools in India. Read below to know the courses offered, salary, fees, eligibility and more.

IBS ICFAI offers various full-time and part-time management courses, including MBA, BBA, PGPM and PhD. Here's a list of ICFAI Business Schools in India. Read below to know the courses offered, salary, fees, eligibility and more.

IBS Campuses

ICFAI IBS Campuses in India

ICFAI Business School (IBS) offers Masters of Business Management (MBA) and Postgraduate Program in Management (PGPM) at its nine IBS campuses. The IBS MBA and PGPM course fees vary by campus, ranging from INR 3.51 lakh per annum to INR 8.505 lakh per annum. IBS Hyderabad MBA program has the highest fee of approximately INR 16 lakh for two years. IBS offers MBA and PGPM at its follwoing campuses: Hyderabad, Gurgaon, Mumbai, Pune, Kolkata, Bangalore, Ahmedabad, Jaipur and Dehradun. Candidates can get admission to MBA and PGPM program of IBS thriugh IBSAT score or CAT/MAT/NMAT or GMAT scores. 

Table of contents
  • Courses offered by ICFAI Business Schools in India
  • List of IBS-IFCAI campuses: Courses, Eligibility, Fees
  • IBS Placements: Top Companies and Salary Offered
  • Top Recruiters for IBS Campuses Placements

Courses offered by ICFAI Business Schools in India

ICFAI has about 10 departments, ranging from management, law, and education to applied sciences and social sciences. ICFAI offers various programmes such as:

ICFAI offers both full-time and part-time courses and has collaborations with multiple international organisations.

Q&A Icon
Commonly asked questions
Q:   Which colleges accept the IBSAT score?
A: 
The IBSAT score is accepted at the ICFAI Business School in Hyderabad and its other eight campuses. The colleges accepting the IBSAT score are as follows: 1. ICFAI Business School, Hyderabad: This is the main campus and is ranked 6th by The Times. The fee is Rs. 16.02 Lacs. 2. ICFAI Business School, Ahmedabad: This campus features in the top 25 management colleges in Gujarat, and the fee is Rs. 9.09 Lacs. 3. ICFAI Business School, Dehradun: This campus features in the Business Today rankings. The course fee is Rs. 6.03 Lacs. Apart from these, the ICFAI Business School has six other campuses that admit students based on their IBSAT scores. These are Jaipur, Bangalore, Pune, Gurgaon, Mumbai, and Kolkata, respectively. You can learn in detail about these colleges at this Shiksha page: https://www.shiksha.com/mba/colleges/mba-colleges-accepting-ibsat-india?sby=popularity.
Q:   What is the admission process through the IBSAT exam?
A: 

The admission process through IBSAT exam at ICFAI Business School (IBS) is conducted in below stages:

1. Meet IBSAT minimum eligibility criteria

2. Complete the online IBSAT 2026 application form

3. Take entrance exam CAT, GMAT, NMAT by GMAC, or IBSAT. 

4. Shortlisted candidates are called for a selection process

5. IBS admission final result is declared

Q:   Which colleges take admission through IBSAT scores?
A: 

IBS Aptitude Test also known as IBSAT is conducted for admission to MBA/ PGDM programs of IBS nine campuses. Candidates having valid score in CAT/MAT/XAT/SNAP/NMAT/GMAT/MAH CET or any other state-level entrance examination are exempted from taking the IBSAT exam. Colleges accepting the IBSAT scores are the IBS nine campuses itself. Check the list of nine IBS campuses below:

  1. ICFAI Business School (IBS), Hyderabad
  2. ICFAI Business School (IBS), Ahmedabad
  3. ICFAI Business School (IBS), Mumbai
  4. ICFAI Business School (IBS), Dehradun
  5. ICFAI Business School (IBS), Kolkata
  6. ICFAI Business School (IBS), Bangalore
  7. ICFAI Business School (IBS), Gurgaon
  8. ICFAI Business School (IBS), Pune
  9. ICFAI Business School, Jaipur
Q:   Is the IBSAT exam mandatory for securing admission to the PGPM programme at IBS Dehradun?
A: 

No, it is not mandatory, as individuals meeting the institute's specified criteria are excused from taking the exam. Additionally, the subsequent candidates are also exempted from participating in the IBSAT exam:

CAT with a percentile of 60 and above
GMAT with a score of 500 and above
NMAT by GMAC with a score of 150 and above
XAT with a score of 60 and above

List of IBS-IFCAI campuses: Courses, Eligibility, Fees

IBS Hyderabad

IBS Hyderabad was established in 1995 and is one of the first colleges of IFCAI Business School. It is a Deemed University as per UGC Act and offers top management courses like BBA, MBA, Executive MBA, PhD and PhD in Economics. The institute is ranked 27th for MBA course by NIRF 2021.

Courses

Eligibility

Fees (in INR)

BBA

  • Merit-based followed by an interview. Applicant must have scored at least 50 percent aggregate in Class 12 in any discipline

INR 11.2 lakh

MBA

INR 17.01 lakh

Executive MBA (part-time)

  • Graduate with at least 50 percent aggregate
  • Work experience of at least two years in managerial or supervisory positions

INR 5.25 lakh

To know more about IBS-Hyderabad, click on the links below:

IBS Mumbai

IBS Mumbai is one of the top management institutes in Mumbai, which offers both graduate and postgraduate courses. It offers a full-time Post-Graduate Programme in Management (PGPM) course. IBS Mumbai is among the top 30 institutes in Maharashtra according to The Week.

Courses

Eligibility

Fees (in INR)

PGPM

  • CAT/MAT/CMAT/IBSAT/GMAT
  • Graduation with minimum 50 percent aggregate from a recognised university

INR 4.545 Lakh per Annum

To know more about IBS-Mumbai, click on the links below:

IBS Bangalore

IBS Bangalore is ranked 14th among the top 30 B-schools by Silicon India and 4th among the top new generation B-schools by Digital Mailers. The prestigious institute of South India, IBS Bangalore was established in 1995 and offers a full-time PGPM course.

Courses

Eligibility

Fees (in INR)

MBA

  • CAT/CMAT/IBSAT/GMAT
  • Graduation with a minimum 50 per cent aggregate from a recognised university

INR 6.525 Lakh per Annum

To know more about IBS-Bangalore, click on the links below:

IBS Gurgaon

Ranked 10th among the top 30 new generation B-schools in India, IBS Gurgaon is marked ‘A’ by Business and Management Chronicles. IBS Gurgaon is also ranked 2nd among the top 40 B-schools of excellence by CSR-GHRDC.

Courses

Eligibility

Fees (in INR)

PGPM

  • CAT/CMAT/IBSAT/GMAT
  • Graduation with a minimum 50 percent aggregate from a recognised university

INR 4.545 Lakh per Annum

To know more about IBS-Gurgaon, click on the links below:

IBS Pune

IBS Pune is ranked 13th under the Emerging Business Schools of Super Excellence category by CSR-GHRDC in 2014. It was marked ‘A++’ by Business India. The Pune campus of IFCAI offers PGPM course in various specialisations like Operations, Marketing, Finance, Human Resources, and Information Technology.

Courses

Eligibility

Fees (in INR)

Duration

PGPM

  • CAT/CMAT/IBSAT/GMAT
  • Graduation with minimum 50 per cent aggregate from a recognised university

INR 4.545 Lakh per Annum

Full-time

To know more about IBS-Pune click on the links below:

IBS Kolkata

Established in 1995, IBS Kolkata is ranked 17th in India by Silicon India and 2nd in West Bengal among the top B-schools. It offers a full-time Post-Graduate Programme in Management. The institute also offered BBA and MBA courses, but they were discontinued in July 2019.

Courses

Eligibility

Fees (in INR)

PGPM

  • CAT//NMAT/CMAT/IBSAT/GMAT
  • Graduation with a minimum 50 per cent aggregate from a recognised university

INR 4.545 Lakh per Annum

To know more about IBS-Kolkata, click on the links below:

IBS Ahmedabad

IBS Ahmedabad is marked ‘A’ by the Business & Management Chronicle and since its inception in 1995 has been recognised as one of the best B-schools of Gujarat. The college offers a full-time PGPM programme with five specialisations.

Courses

Eligibility

Fees (in INR)

PGPM

  • CAT/NMAT/CMAT/IBSAT/GMAT
  • Graduation with minimum 50 per cent aggregate from a recognised university

INR 4.545 Lakh per Annum

To know more about IBS-Ahmedabad, click on the links below:

IBS Jaipur

This constituent of IFCAI University is among the top institutes in India which offer the best management education. IBS Jaipur was established in 2002. The institute offers a full-time Master of Business (MBA) programme in Finance, Human Resources and Sales & Marketing.

Courses

Eligibility

Fees (in INR)

Duration

MBA

  • CAT/NMAT/IBSAT/GMAT
  • Graduation with minimum 50 per cent aggregate from a recognised university

INR 4.005 Lakh per Annum

Full-time

To know more about IBS-Jaipur click on the links below:

IBS Dehradun

Established in 2004, IBS Dehradun offers MBA in Finance, HR, Operations and Sales & Marketing. IBS Dehradun has been recognised as the best B-school in Uttarakhand and 2nd among B-schools of ‘Outstanding Excellence’ by GHRDC-CSR survey.

Courses

Eligibility

Fees (in INR)

Duration

MBA

  • CAT/NMAT/IBSAT/GMAT
  • Graduation with minimum 50 per cent aggregate from a recognised university

INR 3.51 Lakh per Annum

Full-time

To know more about IBS-Dehradun click on the links below:

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IBS Placements: Top Companies and Salary Offered

Below is the list of top recruiters and salary packages offered during the final placement process at ICFAI University’s various campuses. The table below mentions the placement details for class 2021. 

Institute

Average CTC (in INR)

Average Salary (in INR)

 

Highest Salary (in INR)

 

 

Top 10%

Top 25%

 

IBS Hyderabad

7.59 LPA

10.49 LPA

9.20 LPA

13.20 LPA

IBS Jaipur

5.49 LPA

9.66 LPA

8.20 LPA

6.4 LPA

IBS Dehradun

5.62 LPA

8.60 LPA

7.08 LPA

10.62 LPA

IBS Kolkata

5.60 LPA

8.14 LPA

7.24 LPA

10 LPA

IBS Bangalore

5.91 LPA

8.68 LPA

8.04 LPA

10 LPA

IBS Pune

6.02 LPA

8.95 LPA

7.99 LPA

10 LPA

IBS Gurgaon

6.05 LPA

8.83 LPA

8.12 LPA

10.09 LPA

IBS Mumbai

6.38 LPA

10.08 LPA

8.86 LPA

12.40 LPA

IBS Ahmedabad

6.40 LPA

12.02 LPA

8.71 LPA

8.46 LPA

Q&A Icon
Commonly asked questions
Q:   What factors determine the IBSAT cutoff?
A: 

IBSAT cutoff is released considering below factors:

  1. Number of students appeared for IBSAT exam
  2. Difficulty level of question paper
  3. Number of seats offered at IBS campus
Q:   What is the score pattern in IBSAT exam? How is the percentile calculated?
A: 

As per IBSAT exam pattern, the marking scheme for IBSAT is as follows:

  1. One mark for each correct answer
  2. No marks for wrong answers

Based on score obtained by candidates in IBSAT exam, they are shortlisted for the Group Discussion and Personal Interview rounds. 

Listed below is the IBSAT cutoff:

  1. CAT & XAT: 60 percentile and above 
  2. GMAT: 500+
  3. NMAT by GMACTM: 150+
Q:   Does ICFAI release IBSAT cutoff?
A: 

ICFAI School of Business specifies the cutoff for the following exam for admission to its MBA/PGPM programs:

  • CAT and XAT: 60 percentile and above
  • GMAT: 500+
  • NMAT by GMAC: 150+
Q:   What is the expected cut-off of IBSAT for IBS Hyderabad and Mumbai campus?
A: 
ICFAI Business School, Hyderabad releases the IBSAT cutoff along with the declaration of results. The minimum required IBSAT cutoff scores for getting a GD/PI call scheduled at IBS Hyderabad is given below: 1. CAT & XAT 60 percentile and above 2. GMAT 500 + 3. NMAT by GMACTM 150+ The minimum cutoff score for INR 2 Lacs scholarship eligibility criteria is 1. CAT Top 75 candidates with a minimum score of 90 percentile and above 2. XAT Top 25 candidates with a minimum score of 80 percentile and above 3. GMAT TM Top 25 candidates with a minimum score of 550 and above 4. NMAT by GMAC TM Top 100 candidates with a minimum score of 225 and above. Candidates will be able to check the updates cutoff score on release of the IBSAT score. The IBSAT 2023 results are expected to be announced in last week of December 2023.

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Top Recruiters for IBS Campuses Placements

Check the table below to know the top recruiters for IBS placements held for class of 2021:

Wipro Zomato Thomas Reuters Arrow Groups
Google Oracle Aditya Birla Group CavinKare
Abbott Indiabulls Home Loans Grofers SBI Life
Merican Express Idea Bajaj Lewis Berger
Cafe Coffee Day Cognizant HDFC Life ICICI Bank
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KPMG Radio City Hinduja Tata Consultancy Services

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About the Author
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Shruti Garg
Assistant Manager- Editorial

Shruti Garg is a graduate in English and Education with over 7 years of experience in content writing/editing and education journalism. At Shiksha.com, Shruti covers UG and PG entrance exams like MBA entrance exams,

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Answered Yesterday

IBSAT question paper includes 140 multiple choice questions which are divided across four sections- verbal ability, reading comprehension, quantitative aptitude and date adequacy & data interpretation. Candidates will be required to attempt all questions within 120 minutes. IBSAT exam includes no ne

...Read more

N

Nishtha Pandey

Contributor-Level 7

Answered Yesterday

Yes, IBSAT exam is comparatively easier than CAT in terms of syllabus difficulty level and competition. CAT question paper requires high anlaytical solving skills to score well in exam, whereas IBSAT exam assesses candidate's speed and accuracy. The difficulty level of IBSAT exam is moderate.

N

Nishtha Bhandari

Contributor-Level 7

Answered Yesterday

IBSAT cutoff varies for each IBS campus. Candidates seeking admission to top IBS campus must score a minimum of 80 percentile in IBSAT exam. Generally a score between 70 and 80 percentile in IBSAT exam is considered a good score.

D

Dhanya Dhyani

Contributor-Level 7

Answered Yesterday

To cover the IBSAT syllabus timely, candidates must first prioritise the high weightage topics and follow the section-wise preparation timetable. Students must focus on conceptual clarity and take regular mock tests to identify the weak areas and strong areas in IBSAT syllabus.

N

Nishtha Arora

Contributor-Level 7

Answered Yesterday

The difficulty level of IBSAT syllabus is generally moderate. The syllabus for IBSAT is similar to the CAT syllabus. However, the IBSAT question paper includes more straightforward and less tricky questions compared to other MBA entrance examinations.

S

Satyendra Kaur

Contributor-Level 7

Answered Yesterday

IBSAT exam is generally considered easy to moderate in difficulty level compared to other major MBA exams like CAT and XAT. For an average student it is possible to score well in exam with good preparation strategy.

N

Nishtha Kumar

Contributor-Level 7

Answered Yesterday

IBSAT exam is conducted for a duration of two hours. It is a remote proctored test held across India. The IBSAT question paper consists of 140 multiple choice questions which have to completed in 120 minutes. The paper involves no negative marking.

K

Kritika Malhotra

Contributor-Level 7

Answered Yesterday

Yes, IBSAT books are enough to cover the exam syllabus. Candidates can refer to the recommended books and study materials to prepare for the exam. Candidates must ensure that the books cover basic concepts, include section-wise practice questions and mock tests.

N

Nishtha Singh

Contributor-Level 7

Answered Yesterday

No, it is not compulsory to attempt all sections of IBSAT exam. Some top tier IBSAT accepting colleges consider the minimum sectional scores to be shortlisted for admission. IBSAT exam does not involve any negative marking, hence candidates must focus on answering all 140 questions.

N

Nishtha Datta

Contributor-Level 7

Answered a month ago

Yes — the IBSAT cutoff does change every year.


 Why the IBSAT Cutoff Varies

  • Exam Difficulty: If the paper is tougher, the cutoff percentile may be lower; if easier, higher.
  • Number of Applicants: More applicants competing for limited seats can push the cutoff up.
  • Seat Availability: Each ICFAI Business Sc

...Read more

S

Sidhartha Singh

Contributor-Level 10