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ICFAI Business School - [IBS], Mumbai
About IBS Mumbai
ICFAI Business School (IBS) Mumbai is one of the leading private B-schools in India. The institute is ranked among the top 25 in the national list of B-schools and among the top 5 B-schools in Mumbai. The institute has other 9 campuses spread all over India. IBS Mumbai offers a 2-year full-time PGPM program with a total intake of around 1000 – 2000 students under different specializations. Admissions to the program are based on the IBSAT/CAT/ NMAT scores followed by a Micro Presentation (MI) and Personal Interview (PI) round. Check IBS Mumbai Admission Process
IBS Mumbai recently concluded its 2024 placement drive in which 98% of the students got hired by reputed recruiters. Some of the prominent recruiters included National Stock Exchange, Tata Capital, EY, KPMG, ICICI Bank, PWC SDC, DBS Bank Ltd etc. The highest international salary package stood at INR 18 LPA. The highest national salary package stood at INR 20 LPA. Students received an average salary of INR 8.03 LPA.
Table of Content
- IBS Mumbai Highlights
- IBS Mumbai Admission Dates 2025
- IBS Mumbai Courses
- IBS Mumbai Cutoff
- IBS Mumbai Placement
- IBS Mumbai International Immersion Program
- IBS Mumbai Admission Stories
- IBS Mumbai Admission
- IBS Mumbai Ranking
- IBS Mumbai Scholarships
- IBS Mumbai Facilities
- IBS Mumbai Faculty
- IBS Mumbai FAQs
IBS Mumbai Highlights
- Campus: IBS Mumbai has an 80,000 sq. ft. campus including 15 classrooms on two floors, faculty cabins, 225 seater auditorium, separate common rooms for boys and girls, a gym and three syndicate rooms for student-faculty interaction. The college also has a rich library with an extensive collection of over 28,000 books, 13 International and 92 National journals and magazines and more than 2,000 CDs. It subscribes to 8 major online databases.
- Selection Criteria: The IBS Mumbai selection process will be conducted between February 10 - 18, 2024. IBS Mumbai accepts valid CAT, XAT, IBSAT, and NMAT scores for its flagship PGPM shortlisting. In 2021, 25000+ candidates appeared for IBSAT and nearly 12000 candidates qualified for the further selection process. The final selection is based on past academic record and performance of the candidates in Micro Presentation and Personal Interview. Check: IBS Mumbai Previous Year CAT cutoff
- Application Form: The application form is common for admission to MBA/PGPM programs at all IBS campuses including IBS Mumbai. IBSAT Application Bulletin can be purchased by payment of Rs1800/- at the IBS Mumbai marketing office.
- Top Recruiters: Prominent recruiters include Blackrock, Citibank, Deloitte, S & P Global, Capgemini, EY, Genpact, Aditya Birla, HDFC Bank, Hyundai, Hero Fin Corp, HCL Technologies, ITC, Byjus, ICICI, ICRA, J P Morgan Chase, J K Tyre, Kotak Mahindra, KPMG, Nestle, Property Pistol, Reliance, TCS, Tech Mahindra, Tolaram Group, Vedanta, Zomato, Zycus Infotech, etc with a relatively higher package.
- International Collaboration: IBS Mumbai has got global tie-ups with many international institutions such as the University of Essex, UK; The Resource Alliance, UK; Queensland University, Australia etc
- Faculty: IBS Mumbai has 36 faculty members who are mostly PhD holders in Management and various other related streams. The college also makes arrangements for guest lectures and invites guest faculty nationally and globally.
- Alumni: As of now, IBS has 58,000+ alumni and 8500+ students. The alumni are working in over 900 blue-chip companies globally and are placed in top companies located at national and international levels.
Check Which is better, IBS Hyderabad or IBS Mumbai?
IBS Mumbai Admission Dates 2025
| IBSAT Events | Dates |
|---|---|
| IBSAT 2024 Application | July 01, 2024 – 3rd Week of December 2024 |
| IBSAT 2024 Test Dates | December 28 – 29, 2024 |
| IBSAT 2024 Results | 1st Week of January 2025 |
| Selection Briefings | 2nd Week of January 2025 |
| Selection Process for MBA/ PGPM Program | February/ March 2025 |
| PGPM Events | Phase 1 Dates (Tentative) | Phase 2 Dates (Tentative) |
|---|---|---|
| Application Process Starts | February 22, 2025 | April 08, 2025 |
| Application Process Ends | April 02, 2025 | April 26, 2025 |
| Selection Process |
April 6 – 7, 2025 (At IBS Ahmedabad, IBS Bangalore, IBS Dehradun, IBS Gurgaon, IBS Jaipur, IBS Hyderabad) April 7 – 8, 2025 ( At IBS Kolkata) |
April 28, 2025 |
| Selection Process Results | April 13, 2025 | April 30, 2025 |
IBS Mumbai Course & Fees
| Course Name | Course Eligibility | Total Course Fee |
|---|---|---|
| PGPM | Eligibility Criteria: Graduation in any stream with a minimum 50% aggregate or above from English medium Those not from the English medium in UG must have a valid score in the TOEFL/ NELT/ IELTS exam score by May 31 of the admission year Final year students are also eligible to apply Selection Criteria: IBSAT/ CAT / NMAT /XAT / GMAT scores + Micro Presentation + Personal Interview. Duration: 2 years |
INR 9.09 lakh |
Read More IBS Mumbai Fees
IBS Mumbai Cut off 2024 (Expected)
ICFAI Business School minimum cut-off scores for getting a GDPI call are as follows:
|
Exam Name |
Cut-Off |
|---|---|
|
CAT |
60 Percentile and Above |
|
XAT |
60 Percentile and Above |
|
GMAT |
500+ |
|
NMAT |
150+ |
IBS Mumbai CAT Cutoff (Previous Year Trends)
| Section | 2020 Cut-off by %ile | 2021 Cut-off by %ile | 2022 Cut-off by %ile |
|---|---|---|---|
| VRC | 40%ile | 40%ile | 40%ile |
| DILR | 40%ile | 40%ile | 40%ile |
| QA | 40%ile | 40%ile | 40%ile |
| TOTAL | 70%ile | 70%ile | 70%ile |
Read More IBS Mumbai Cutoff
IBS Mumbai Placements 2024
The placement cell at IBS Mumbai provides students with an ample number of opportunities to find suitable jobs in the corporate world with both small and large firms. The institute recently concluded its 2024 placement drive. The highest salary package received by IBS Mumbai students is the highest among all the IBS campuses. The placement highlights are mentioned below:
| Particulars | Placements Statistics 2024 |
|---|---|
| Students Placed | 98% |
| Average Salary | INR 8.03 LPA |
| Highest National Salary | INR 20 LPA |
| Highest International Salary | INR 18 LPA |
| Average Salary of Top 10% Students | INR 13.56 LPA |
| Average Salary of Top 25% | INR 11.45 LPA |
| Prominent Recruiters | Citibank, Deloitte, S & P Global, Capgemini, EY, Genpact, Aditya Birla,HDFC Bank, Hyundai, HCL Technologies, ITC etc |
Also check IBS Mumbai Placements
IBS Mumbai International Immersion Program
The college has signed MoUs with several global institutions and companies. IBS Mumbai has collaborated with various universities, industries, and colleges. Below mentioned is a list of several IBS Mumbai collaborations:
| IBS Mumbai Collaborations | ||
|---|---|---|
| University of Essex, UK | Dimensions, the Journal of Management of IBS Mumbai | HDFC Bank |
| The Resource Alliance, UK | SPSS | Queensland University, Australia |
| Microsoft | IBM | ICICI Bank |
IBS Mumbai Admission Stories
| Candidate Name | Course | Exam Taken (Score) | Work Experience |
|---|---|---|---|
| Adin Ansari | PGPM (Marketing) | IBSAT (157/300) | No broker Hood- 9 Months as Territory Sales Manager |
| Amrisha | PGPM | NMAT (200) | The Gourmet Jar- 1 year |
| Natasha Gaur | PGPM | IBSAT (92%) | NA |
| Medha Sur | PGPM | NMAT (194) | NA |
Check IBS Mumbai Reviews
IBS Mumbai Admission 2024
Admission to ICFAI Business School Mumbai is through the IBSAT exam conducted by the IBS group. Below are some details related to the IBS Mumbai admissions:
About IBSAT
IBSAT is an online aptitude test conducted by The ICFAI Foundation for Higher Education for students seeking ICFAI Business School Mumbai Admission to the PGPM of IBS Mumbai. Applicants need to secure a good score on IBSAT to get qualified for the selection process.
Selection Process
Applicants who have valid scores of IBSAT/ GMAT/ CAT/ NMAT/ XAT by GMAC are called for the selection process at IBS Mumbai. The final selection is based on past academic records and the performance of the candidates in the Micro Presentation and Personal Interview rounds.
IBS Mumbai Application Process 2024
The applicants seeking admission to IBS Mumbai must qualify for any of the renowned entrance exams including the IBSAT exam. Below-mentioned is the application process that the students must follow:
Step 1: Visit the official website and register for the course.
Step 2: Complete the registration process.
Step 3: Pay the registration or the application fee.
Step 4: Fill out the form available on the website.
Step 5: Submit and finish the application form
IBS Mumbai Ranking
Prestigious rankings of B-schools have placed IBS Mumbai among the top 25 in the national list of B-schools and among the top 5 B-schools in Mumbai.
- Ranked 3rd in the category of top leading B-schools of super excellence by CSR-GHRDC B-Schools Survey 2023
- Ranked 3rd amongst top leading B-School of Super Excellence
- Ranked 13th amongst top 20 B-Schools (Government and Private) by Faculty, Publication, Research, Consultancy, MDP & Other Program.
- Ranked 14th amongst top 20 B-Schools (Government and Private ) by Placement, (Domestic & International), USP, Social Responsibility, Networking & Industry Interface.
- 18 All India Rank among top 100 Private B-Schools.
- 74th in Top B-School and 21st in West Zone by IIRF
- 20th by Business Today
- ‘A++’ by Business India
- ‘A4’ by Business Standard
- 6th among Top B-Schools and ranked 3rd in West zone – Silicon India
- 6th among Top emerging B-Schools of Super Excellence – CSR-GHRDC
- 7th among Top B-Schools in West zone – Careers 360
IBS Mumbai Scholarships
IBS Mumbai offers scholarships to its students based on score in IBSAT 2024. IBS has announced scholarships worth Rs. 10 Crores exclusively for top performers in the IBSAT-2024 test, scheduled for December 28-29, 2024.
Eligibility Criteria:
- For Toppers in IBSAT Candidates who secure top ranks in IBSAT 2024
- For Wards of IBS Alumni
- For Physically Challenged Candidates
- For Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces.
A total of 500 scholarships will be distributed by IBS across all its institutions. Each scholarship amounts to Rs 2 lakh per candidate, with the flexibility of adjusting Rs 1 lakh each in the first and second term installments against the program fee.
IBS also offers scholarships of INR 2.00 Lakhs to Top candidates in each category of IBSAT, CAT, NMAT by GMAC and XAT test scores. IBSAT category scholarships are already announced.
Scholarship Eligibility Cutoff Scores
|
Test |
Cutoff Score |
|
NMAT by GMAC |
Top 100 candidates with a minimum score of 225 and above |
|
CAT |
Top 75 candidates with a minimum score of 90 percentile and above |
|
GMAT |
Top 25 candidates with a minimum score of 550 and above |
|
XAT |
Top 25 candidates with a minimum score of 80 percentile and above |
Check IBS Mumbai Scholarship
IBS Mumbai Facilities
- Campus: 80,000 sq. ft. campus with 15 classrooms on two floors, 225 seater auditorium, faculty cabins, separate common rooms for boys and girls, a gym and three syndicate rooms for student-faculty interaction with internet connectivity. It has two large conference rooms and a foyer. The campus also has a cafeteria.
- Library: It has an extensive collection of over 28,000 books, 13 International and 92 National journals and magazines and more than 2,000 CDs. It subscribes to 8 major online databases.
- Hostel: Hostel facility is not available at IBS campuses (except at IBS Hyderabad & Jaipur). However, campus administration will assist the students in getting suitable off-campus accommodation near the campus.
Check IBS Mumbai Hostel
IBS Mumbai Faculty
The faculty at IBS Mumbai are highly experienced and well-qualified. The college has 40 faculty members who have expertise in their respective fields which provides the best knowledge to the students. They provide proper guidance to the students through their experience. The faculty members are helpful, supportive and have a proper understanding of their areas of expertise.
Read More IBS Mumbai Faculty
IBS Mumbai FAQs
Ques. Can I still have a chance for IBS Mumbai if I couldn’t appear in any of the national-level entrance exams?
Ans. IBS Mumbai also conducts IBSAT for its PGPM programme. As such, Candidates who did not appear for the national-level entrance exam may appear for IBSAT administered by the IBS Mumbai. Meanwhile, valid scores of other State Level Tests are also considered by the college for its PGPM Course.
Ques. Can I purchase the application form or PGPM 2025 Bulletin of IBS Mumbai offline?
Ans. IBS Mumbai Application form with PGPM 2025 Bulletin may be purchased either Online or Offline. Further, Offline Applications are available at any of the IBS Marketing Branches. On purchase of the offline application form, you will get a scratch card containing the application number and password.
Ques. Is there any management quota of seats available at IBS Mumbai?
Ans. No, there is no management quota or NRI quota available for its courses at IBS Mumbai. You must appear in the prescribed national-level test for being shortlisted for the further round. Check More IBS Mumbai Cutoff
Ques. Is there any provision for getting an education loan at IBS Mumbai?
Ans. Yes, Several students pursuing programs at IBS Mumbai have availed of the education loan through educational loans from various public sector and private sector banks or financial institutions such as HDFC Bank Ltd, Axis Bank, ICICI Bank, IDFC First Bank, Avanse Financial Services, LiquiLoans Pvt. Ltd etc.
Ques. When is the PGPM Batch 2025 going to be started at IBS Mumbai?
Ans. Regular classes PGPM program at IBS Mumbai will commence on May 2025. All the finally shortlisted students are compulsorily required to report at the college campus on the very day for program registration and submit the first instalment of fees.
Ques. Where do I get the IBSAT Application?
Ans. IBSAT 2024 Application is available Online and Offline Online:-
- Online application is available at admissions.ibsindia.org/ibsat2020/registration
- After a successful transaction, candidates will receive mail/SMS with details of the application number and password.
- Offline Application is available at our 50 IBS FTP Branches across India, to find the nearest branch at your location visit ibsindia.org/contact-us/
Ques. Where can I register for IBS Mumbai Mock Test?
Ans. Mock Tests will be provided for the candidates to familiarize themselves with the IBSAT test. These mock tests will be available on ibsindia.org from September onwards. One of the ethos of ICFAI Business School (IBS) is to recognize and encourage meritorious students. IBS Offers Campus Merit scholarships and I-LEAD Assistantships (IBS Learn, Earn & Develop).
Ques. Is there any financial assistance available at IBS Mumbai?
Ans. The candidates selected for IBS Programs avail of educational loans from Public / Private Sector Banks. IBS has entered into MOUs with the following financial institutions:
- CREDILLA Financial Services
- AVANSE Financial Services Pvt. Ltd.
Ques. In case of any queries whom do I contact at IBS Mumbai?
Ans. For any queries on IBSAT 2024, you may contact the following address, email and telephone numbers: Admissions Officer IBS Admissions Office Plot No. 65, Ground Floor, Nagarjuna Hills, Punjagutta Hyderabad – 500 082, Telangana, India. Phone: + 91–40–23440963 Toll-Free No: 1800 425 55 66 77 E-mail: ibsat@ibsindia.org
Ques. Does AICTE/UGC recognize IBS Mumbai?
Ans. IBS Hyderabad is a constituent of IFHE (ICFAI Foundation for Higher Education), a Deemed-to-be-University under Section 3 of the UGC Act, 1956
- IBS Dehradun & IBS Jaipur campuses are recognized by UGC & their respective State Legislatures.
- IBS Ahmedabad, IBS Bangalore, IBS Gurgaon, IBS Kolkata, IBS Mumbai, and IBS Pune are independent professional institutes that offer PGPM. They are neither affiliated with nor are off-campus centres of any university.
Ques. What is the IBSAT 2024 Exam Pattern?
Ans. The IBSAT 2024 consists of 140 questions in the following subjects:
- Verbal Ability – 50 questions
- Reading Comprehension – 30 questions
- Quantitative Aptitude – 30 questions
- Data adequacy and Data Interpretation – 30 questions
Ques. How to apply for IBSAT 2024?
Ans. Candidates applying for IBSAT 2024 must follow the steps mentioned below:
- Online Application: Visit the application portal and complete the form.
- Personal and Contact Details: Enter your personal information and contact details.
- Confirmation: Submit your details to proceed to the payment page.
- Payment: Pay the application fee of Rs 1800.
- Receipt: After successful payment, you will receive a confirmation email/SMS on your provided email address and phone number.
- Brochure: Within one week of completing the complete application, the applicants will receive a hard copy of the IBSAT Brochure.
Ques. Are mock tests conducted by IBS?
Ans. Yes, over 2-3 free National Mock Tests are conducted for aspirants with prize money.
Ques. How is a Micro Presentation round conducted at IBS Mumbai?
Ans. A Micro-Presentation in IBS Selection process is a brief talk or presentation where candidates demonstrate their communication, presentation skills, and ability to think quickly on their feet. Candidates have the opportunity to select one topic out of three. The format allows for 4 minutes in total: 1 minute for preparation and 3 minutes for delivering the presentation.
Ques. A personal interview is of how many minutes at IBS Mumbai?
Ans. Each candidate will be interviewed for 5-7 minutes. The interview panel will focus on assessing the attitude and aspirations of the candidates besides evaluating their General Knowledge, communication skills, clarity of thought and expression, as well as aptitude for a career in management.
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IBS Mumbai Fees & Eligibility
| Course | Fees | Eligibility | Application Date | Action |
|---|---|---|---|---|
| PGPM | ₹9.09 Lakhs (Total Fees) | Graduation with 50% | 31 Mar 2024 |
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Courses Offered By IBS Mumbai 2024
Select Degree and Streams to See Course Fees and Admission Details.
Eligibility:
Application Date:
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IBS Mumbai Upcoming Application Dates 2024
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
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IBS Mumbai Cutoff 2024
Exams
IBS Mumbai, NMAT Cutoff 2023
IBS Mumbai, NMAT Cutoff 2023 for General Category is listed below. The overall cutoff percentile for NMAT is 55
| Courses | Round 1 |
|---|---|
Compare | 55 |
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IBS Mumbai Rankings 2024
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IBS Mumbai Scholarship 2024
Scholarship provided by the college.
ICFAI Business School (IBS) is offering scholarship exclusively designed for top performers in the IBSAT test, which is scheduled to be held in the 3rd week of December 2024. These scholarships are open to candidates applying for the MBA/PGPM programme and taking the IBSAT test in December 2024.
These scholarships aim to reward academic excellence and provide financial assistance to deserving candidates, encouraging diversity and inclusivity within the student community at IBS. Below detailed are the eligibility criteria for the scholarship:
|
Scholarships from IBSAT 2024 Test |
Eligibility Criteria |
|---|---|
|
For Toppers in IBSAT |
Candidates who secure top ranks in IBSAT |
|
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 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 |
Scholarships worth INR 10 crore
IBS Mumbai offers scholarships to its students based on score in IBSAT 2024. IBS has announced scholarships worth Rs. 10 Crores exclusively for top performers in the IBSAT-2024 test, scheduled for December 28-29, 2024.
Eligibility Criteria:
- For Toppers in IBSAT Candidates who secure top ranks in IBSAT 2024
- For Wards of IBS Alumni
- For Physically Challenged Candidates
- For Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces.
A total of 500 scholarships will be distributed by IBS across all its institutions. Each scholarship amounts to Rs 2 lakh per candidate, with the flexibility of adjusting Rs 1 lakh each in the first and second term installments against the program fee.
Merit scholarships for the Class of 2027
IBS aims to award 500 merit scholarships for the class of 2027 to deserving candidates falling under the aforementioned categories. Each scholarship amounts to INR 2 lakh per candidate, with the flexibility of adjusting INR 1 lakh each in the first and second-term installments against the program fee.
Terms and Conditions for Merit Scholarships
To avail these prestigious scholarships, candidates must fulfill the following terms and conditions:
- Eligibility: Scholarships will only be offered to candidates who have appeared for the IBSAT-2024 test and have successfully qualified.
- Admission and Registration: Students must complete the admission process, pay the requisite admission fee, and register on the specified date to be eligible for the scholarship.
- Applicability: The awarded scholarship amount can be adjusted solely against the program fee and payment and cannot be utilised for any other purposes or fees.
- Withdrawal Policy: In the event of a student's withdrawal from the programme for any reason, any applicable fee refunds will be calculated after deducting the scholarship sum granted earlier.
IBS continues to set a benchmark for excellence in management education. With its commitment to providing scholarships to deserving candidates, IBS aims to unlock opportunities and create a diverse pool of future business leaders who will contribute to the growth and success of organisations and society as a whole.
IBS Mumbai: 1 Answered Question
I got selected in IBS Mumbai. Is there a chance for to swap my campus to IBS Hyderabad? I have gotten an 85 percentile.
I don’t really understand why you want to change campuses when the Mumbai campus is the most coveted one. I have a friend who despite being an IBS Hyderabad pass-out, considers the Mumbai campus way superior after spending months on a summer internship there.
He considers the IBS Hyderabad to be overestimated and apart from infrastructure, IBS Powai/Hiranandani is much better in all aspects. Moreover, the Mumbai campus enjoys the locational advantage of being closest to the city of dreams. The campus is in the vicinity of IIT Mumbai so you get to interact with many geniuses also.
On the other hand, IBS Shankarpally, despite having top-notch infrastructure, lacks connectivity. You are disconnected from other students and the entire world if you choose this college.
IBS Mumbai Facilities
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IBS Mumbai Gallery
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IBS Mumbai Faculty
Basic Information about the Faculty of IBS Mumbai
IBS Mumbai College Details
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Mumbai - 400076
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