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ICFAI Business School [IBS] Mumbai Admission 2021: Dates, Eligibility, Selection Criteria, Application Process

Last updated on August 19th, 2021

IBS Mumbai is a famous B-School in Western India established by ICFAI Business Societ in 1995. IBS Mumbai offers a two year, full-time PGPM (Post Graduate Program in Management) course. The campus is an independent professional institution and is neither affiliated to nor is off-campus centre of any university.

The batch strength in class of 2020 was 1030 out of which placement percentage was 95%, the average packege offered was 6.91 LPA, highest National package was 15 LPA and highest International package was 50.23 LPA and 241 recruiters took part in the placement drive.

The institute has a 80,000 sq.ft. campus with 15 class rooms 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. It has two large conference rooms and foyer.

A 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.

To get admission in 2 year Management Program the applicant must have passed graduation in any stream with 50% marks or above, with English as the medium of instructions. Applicants in their final year bachelor’s degree course are also eligible to apply, provided they complete their graduation requirements before May 31, 2021. The last date for submission of proof of graduation is November 01, 2021. The applications can be filled both online as well as offline. The selection process comprises of Written Exam, Group Discussion and Personal Interview. The exams accepted here for admission to the 2 year PGPM are IBSAT/CAT/ NMAT by GMAC™/GMAT®/SNAP/XAT/MAT/CMAT/CET (Maharashtra) and any other State Level Test. After the examination process Group Discussion and Personal Interview is conducted. The final selection is based on past academic record and performance of the candidates in Group Discussion and Personal Interview.

Event Date
Last Date of Form Filling To be notified
Entrance Exam Date To be notified
Availability of Admit Card To be notified
Result Declaration To be notified
Display of Merit/Cutoff List To be notified
1st Date of Counseling To be notified
Commencement of New Session To be notified

Admissions are closed for IBS Mumbai.

IBS Mumbai PGPM Admission Criteria 2021

Admission process to IBS Mumbai consists of 3 stages :

  1. Written Examination
  2. Group Discussion
  3. Personal Interview

Eligibility Criteria :

  • Applicants must have done graduation from any discipline with 50% and above marks and English as a medium of instructions.
  • All applicants should have completed a minimum of 15 years of education (on 10+2+3 or 10+2+4 basis).
  • Candidates not meeting the eligibility criteria of English medium in graduation have to submit the TOEFL/ NELT/ IELTS score by May 31, 2021
  • Applicants in their final year bachelor’s degree course are also eligible to apply, provided they complete their graduation requirements before May 31, 2021.
  • The last date for submission of proof of graduation is November 01, 2021.
  • Eligibility criteria will be checked from August, 2021 onwards.

Selection Criteria :

The selection process to IBS Mumbai consists of three stages –

  1. Written Exam : IBSAT ( scores of candidates appeared in other exams such as CAT/ NMAT by GMAC™/GMAT®/SNAP/XAT/MAT/CMAT/CET (Maharashtra) and any other State Level Test are also considered valid).
  2. Group Discussion
  3. Personal Interview
  • Candidates qualified in IBSAT written examination or CAT/ NMAT by GMAC™/GMAT®/SNAP/XAT/MAT/CMAT/CET (Maharashtra) and any other State Level Test are called for selection process at one of IBS campuses to appear in a Group Discussion and Personal Interview.
  • The final selection is based on past academic record and performance of the candidates in Group Discussion and Personal Interview.

Cutoff :

IBSAT cutoffs for year 2018, 2019 and 2020 are –

Year IBSAT Cutoff Percentile
2020 68
2019 67
2018 70

How To Apply?

  • Documents Required :
    • Marks sheets of X, XII, Graduation.
    • Photograph (full face till shoulders)
  • Application Process :
    • The application fees for PGPM Bulletin is Rs. 1800.
    • The application can be made both online as well as offline.
    • To apply online one candidates need to give their personal and contact details here (official website).
    • On submission of the details the candidate will be guided to the payment page. On payment of requisite amount, a confirmation email will be sent to the email id provided by the candidate. Candidate will receive hard copy of the Bulletin within one week.
    • To apply offline candidates have to locate the nearest IBS branch and purchase the Bulletin by paying the requisite application fee in cash.
    • After fee payment applicant will get a login id and password.
    • Login and then change the password.
    • Make your profile (fill your personal and contact details).
    • Fill past academic records ( school/intermediate and graduation details).
    • Choose the Selection Process venue and date.
    • Upload your photograph.
    • Give campus preference.
    • Give the test score preference to be considered ( IBSAT/CAT/ NMAT by GMAC™/GMAT®/SNAP/XAT/MAT/CMAT/CET (Maharashtra) and any other State Level Test).
    • Then click on the declaration and then submit the application.

IBS Mumbai FAQs :

Ques. What is the pattern of IBSAT?

Last updated on August 19th, 2021

Ans. IBSAT is conducted for admissions to MBA/PGPM programs at IBS campuses. The test is similar to CAT. The test duration is 2 hours, number of questions is 140, each question carries one mark and there is no negative marking. There are four sections in the test –

  • Quantitative Aptitude
  • Verbal Reasoning
  • Data Interpretation & Data Sufficiency
  • Reading Comprehension
Ques. What is the fee structure of IBS Mumbai?

Last updated on August 19th, 2021

Ans. The fees of IBS Mumbai is Rs. 4.05 LPA, in addition to this Rs. 10,000 is to be paid as refundable caution deposit along with the 1st installment of fee.

Ques. Can we take education loan to study at IBS Mumbai ?

Last updated on August 19th, 2021

Ans. Yes, most of the students pursuing programs at IBS have financed their education through educational loans from various public sector and private sector banks and financial institutions which are : Public Sector Banks, Private Sector Banks ( HDFC Bank Ltd. , Axis Bank & ICICI Bank ), Non-Banking Financial Institutions ( HDFC Credila Financial Services Ltd. , Avanse Financial Services, Eduvanz Financing Pvt Ltd, LiquiLoans Private Ltd )

Ques. How are the IBS Mumbai placements for marketing and sales?

Last updated on August 19th, 2021

Ans. Marketing and sales have the most number of placements at IBS Mumbai. The average package ranges from 4-7 LPA. More than 50 companies visited the campus in 2018 for the marketing and sales program.

Ques. Does IBS Mumbai give MBA Degree?

Last updated on August 19th, 2021

Ans. No, IBS Mumbai does not offers MBA course. It offers a 2 year, full-time PGPM(Post Graduate Program in Management). However, some other branches of IBS offers MBA program.

Ques. What is the ranking of IBS Mumbai?

Last updated on August 19th, 2021

Ans. IBS Mumbai has been given 20th position by Business Today, ‘A++’ by Business India, ‘A4’ by Business Standard, 6th among Top B-Schools and ranked 3rd in West Zone by Silicon India.

ICFAI Business School, Mumbai: Courses, Eligibility, Fees, Admissions, Placements

Last updated on August 19th, 2021

ICFAI (Institute of Chartered Financial Analysts of India) Business School of Mumbai, was established in the year 1995. It is a private university with its branches spread in the states like Hyderabad, Mumbai, Pune, Gurgaon, Bangalore, Kolkata, Ahmedabad, Jaipur, Dehradun.

The admission in ICFAI IBS Mumbai is entrance exam based, the university conducts ICFAI IBSAT (Business School Aptitude Test) and the candidate either has to appear in this respective exam or should have CAT/GMAT qualified certificate.

The university provides degree in MBA, PhD courses and being one of the best Business Schools in the country it has higher quality education, excellent infrastructure and best placement cells that has provided upto 15 lacs INR package nationally as well as 50.3 lac INR package internationally.

The university has been ranked 69, among all the business schools of India. It has been ranked under top 20 in new generation business schools by Digital Mailers. ICFAI also has been ranked 3rd among the top North Indian Business schools by Review Adda.

ICFAI Business School-[IBS] Highlights

Established | Institute type 1995| Private
Location Mumbai , Maharashtra
Entrance Exam CAT/GMAT/ IBSAT or Entrance Based
Accredited to A++
Courses offered MBA/PGPM, PhD
Popular courses PGPM/ MBA
Application mode Online
Admission criteria Entrance Exam Based, CAT/GMAT
Top recruiters HDFC Bank, MyGate, ICICI Bank, IDFC First Bank, ICICI securities, Deloitte Tax Services, TCS, Federal Bank
Facilities available Library, Gym, hostel for girls and boys separately
Official website www.ibsindia.org

ICFAI Business School-[IBS] Ranking

The University has been ranked under top 20 among all the colleges of Business School by Business Today. The university has been ranked 69, among all the business schools of India.

It has been ranked under top 20 in new generation business schools by Digital Mailers. ICFAI also has been ranked 3rd among the top North Indian Business schools by Review Adda and 6th among Top Business schools.

The university has also been given A++ grading by Business India and A4 by Business Standard. It has secured 6th among Top emerging Business Schools of Super Excellence CSR- GHRDC and 7th among top Business Schools in West Zone.

ICFAI Business School-[IBS] Achievements

The Hyderabad branch has won the 3 awards in the Case Centre’s Award and Competition Award which is 29th year UK based , these annual awards are generally given to those universities which has its versatility in all aspects of teaching and providing education to students, hailed as the case method communities Oscars and are given to celebrate all over world excellent and quality teaching and writing.

The director of Case Centre once indicated ICFAI –IBS school and its branches are one of the most selected, preferred and successful institutions for Business and had already won 3 out of 16 awards.

Award Winning Case 1 Employee Training and Development at Ritz-Carlton as Fostering an Exceptional Customer Service Culture authored by Dr.Debapratim Purkayastha, in the ‘Human Resource Management/Organizational Behaviour’ category
Award Winning Case 2 Amazon’s Big Data Strategy authored by Dr. Debapratim Purkayastha and Mr.Adapa Srinivasa Rao, in the ‘Knowledge, Information and Communication Systems Management’ category
Award Winning Case 3 Turbulence on the Tarmac authored by Dr. Debapratim Purkayastha and Sid Ghosh, in the ‘Outstanding Compact Case’ category.

ICFAI Business School-[IBS] Courses

The IBS –Mumbai provides PGPM course for the students to get a graduation and let them expose to management skills which need really a need for creating specialists who can excellently integrate across functional areas dynamically

It exposes the students in the technical field and also helps them to gain social skills by making them interact with real professionals.

Course Duration Eligibility Fees
PGPM 2 years program Either exam Qualified: CAT/GMAT Or Graduated with minimum 50% aggregation from any English medium institution Or in total 15 years of education which includes 12th and UG program Or students from non- English background , have to represent valid score in NELT/IELTS INR 8.01 lakhs per annum
PhD Full time – 4 years Part time- 2 years Merit basis

ICFAI Business School-[IBS] Admission

The University is allowing the applicants to apply online by filling the online application form from the official website of the university.

The applicant has to fill in some basic, personal information, scanned marksheets of 10th and 12th , SC/ST/OBC certificates (if there), passport sized photo and interested courses.

  • The University conducts its own Entrance Exam , and its score will be considered for the selection of the students into the college.
  • If the student qualifies the Entrance Exam then the fellow student will be called for the selection process in the respective branches (IBS-Mumbai ), and after the Group discussion of the respective selection members.
  •  The final selection will be on the basis of personal interview.

ICFAI Business School-[IBS] Placements

There are about 1000+ students placed this ear with 95% placement percentage of overall college.

The Average Salary amount is about 6.91 lakhs INR per annum and highest salary amount went so far nationally is 15 lakhs INR per annum and internationally it is upto 50.23 lakhs INR per annum.

The average top 10% salary amount is 11.72 lakhs INR and average top 25% salary amount is 9.83 lakhs INR. It has the largest placement cell among all the business schools worth full salary.

ICFAI Business School-[IBS] Facilities

The whole college campus is around 80,000 sq.ft. area with total 15+ class rooms in a two storey building with separate faculty and dean cabins , the university has a huge 225 seater capacity auditorium hall and large canteen for hostel students.

The University has all its facilities for the students dorm life as it provides separate girls and boys hostels in affordable fees and a comfortable environment, there is also a gym facility available for the students staying there.

The University has a huge library of about 28,000+ books, national and international journals, magazines and 2000+ CDs available for the students so they can gain all the quality education anytime from anywhere.

The University also provides a separate Syndicate room for faculty and Student interaction so that students can take the full advantage and knowledge from the experienced teachers.

ICFAI Business School-[IBS] Faculty

Name: Dr. Pritee Sanjeev Saxena

  • Designation: Director
  • Education Qualification: Ph.D., MMM (NMIMS), M.Sc, B.Sc

Name: Prof. Hemant Sharad Purandare

  • Designation: Dy. director (academics)
  • Education Qualification: MMM, BE (Civil)

Name: Dr. Kavitha Venkatachari

  • Designation: Dean (examinations)
  • Education: Ph.D., M.Phil, MBA, MCA

Name: Dr.Davinder Kaur Suri

  • Designation: associate dean & dy. Aco
  • Education Qualification: Ph.D., MMS(NMIMS, Mumbai), B.Com

Name: Prof. Amarjit Patpatia

  • Designation: Dean & dy. Pco
  • Educational Qualification: MBA, M.Com B.Com, Dip in Trg (ISTD)

Alumni Profiles

  • Parag Jain | He completed a Bachelor Degree in commerce before joining IBS. He is at present working with ADVENTITY BPO FZ LLC as a Vice President and is based at Dubai. He has been associated with Network International as Sr. Project Manager and prior to that he was working for Emirates Bank.
  • Pooja Awasthi | She completed her Bachelor Degree in Business Management before pursuing Management education from IBS. Currently she is employed as Relationship Manager with Anand Rathi, one of the biggest Stock Broking organizations of the country. She is presently based in Mumbai, the Business Capital of India.

ICFAI Business School-[IBS] FAQs

Ques. From where students can get the admission forms?

Last updated on April 26th, 2021

Ans. The application form is available in the official website of ICFAI –IBS.

Ques. What is the eligibility for the PGPM program?

Last updated on April 26th, 2021

Ans. Either exam Qualified: CAT/GMAT Or Graduated with minimum 50% aggregation from any English medium institution Or in total 15 years of education which includes 12th and UG program Or students from a non- English background, have to represent valid scores in NELT/IELTS.

Ques. What is the procedure after Entrance Exam Qualification?

Last updated on April 26th, 2021

Ans. Students will be called for the selection process in the respective branches (IBS-Mumbai), and after the Group discussion of the respective selection members. The final selection will be on the basis of personal interview.

Ques. What is the last date for PGPM application form submission?

Last updated on April 26th, 2021

Ans. The last date for the submission of the application is March 31, 2021.

Ques. What is the starting date for the selection process?

Last updated on April 26th, 2021

Ans. The starting date for the selection process is from April 10- April 11, 2021.