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 Group Discussion (GD) and Personal Interview (PI) round. Check IBS Mumbai Admission Process

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IBS Mumbai recently concluded its 2023 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 11.13 LPA which is the highest among all the IBS campuses. The highest national salary package stood at INR 18.80 LPA. Students received an average salary of INR 8.17 LPA. Check IBS Mumbai Placements

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 is expected to start in February/March 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. 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 2024

IBSAT Event Dates
IBSAT Registration Window July 1, 2023
IBSAT Registration Last Date December 16, 2023
IBSAT Admit Card Release 3rd week of December 2023
IBSAT Exam Date 4th week of December 2023
IBSAT Result 1st week of January 2024
Briefing about Selection 2nd week of January 2024
IBSAT Selection Process Begins February / March 2024
CAT Events Dates
CAT 2023 Registration Starts August 02, 2023
CAT 2023 Registration Closes September 20, 2023
CAT 2023 Admit Card Release October 25, 2023
CAT 2023 Exam Date November 26, 2023
XAT Events Dates
XAT Registration Opens July 15, 2023
XAT Registration Closes November 30, 2023
Last Date for XAT Application through GMAT / GRE December 31, 2023
XAT Exam Date January 07, 2024
NMAT Events Dates
NMAT Registration August 1 - October 10, 2023
NMAT Scheduling August 1 - October 12, 2023
NMAT Re-Scheduling August 1 - December 16, 2023
NMAT Exam Dates October 10 - December 19, 2023
NMAT Registration Retake October 11 - December 16, 2023
NMAT Retake Scheduling October 11 - December 16, 2023
NMAT Last Date for Scorecard Download March 31, 2024

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 or NMAT scores + PI
Duration: 2 years		 INR 9.09 lakh

Read More IBS Mumbai Fees

IBS Mumbai Cut off 

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+
Apart from valid marks obtained in the IBSAT entrance exam, there are NMAT by GMAC & CAT are also accepted by IBS Mumbai. The below-tabulated format will enlighten the CAT cutoff marks: 

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 2023

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 2023 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 2023
Students Placed 98%
Average Salary INR 8.17 LPA
Highest National Salary  INR 18.80 LPA
Highest International Salary INR 11.13 LPA
Average Salary of Top 10% Students INR 13.3 LPA
Average Salary of Top 25%  INR 11.01 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 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.

  • 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 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 2023 Bulletin of IBS Mumbai offline?

Ans. IBS Mumbai Application form with PGPM 2023 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 2023 going to be started at IBS Mumbai?

Ans. Regular classes PGPM program at IBS Mumbai will commence on May 2023. 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 2023 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:-
  • 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. Will IBS Mumbai provide any Mock Tests?

Ans. Yes. 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 IBSAT2020, 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