ICFAI Business School (IBS) Kolkata Salt Lake City Answered Questions

It could be a good option for a fresher to pursue a PGPM from ICFAI Business School (IBS), which is very good at industry contact and placement in the future. But the worth of the degree totally depends on the industry and role you are targeting. Losing an on-campus job or switching careers can be made easier with skills, a network, and the reputation of IBS. But you may need extra internships to catch the eye or networking efforts to make it a little better. Most important will be to stay proactive in skill development. Actually, doing a PGPM from ICFAI Business School (IBS) could be a good thing for a fresher as its industry contact and placements are really good. But the worth of the degree has to do all the way with which industry and role you are targeting. Losing an on-campus job, or wanting to change careers, will really be made easier by skills, a network, and the reputation of IBS. You might require some extra internships to catch the eye or networking efforts to make it a little better. The most important would be to keep staying proactive in skill development.   

If we compare the tuition fees of IBS Kolkata, IBS Pune, and IBS Bangalore, Kolkata and Pune have a similar tuition fees of INR 9.09 lakh, whereas IBS Bangalore has a higher tuition fees out of three of INR 12.06 lakh.If we compare the highest salary package offered during placements in 2023 of the three colleges, IBS Pune secured the highest salary package of INR 12 LPA while the highest salary package offered in IBS Kolkata and IBS Bangalore is INR 10 LPA. Thus, IBS Bangalore does not enjoy a good return on investment as IBS Kolkata and IBS Pune do.

The highest salary package offered in IBS Kolkata MBA placements 2024, was INR 10 LPA. It is important to note that the average salary of the top 10% of students placed was close to INR 8.77 LPA, which means a lot of students were offered similar salary packages offered as the highest salary package offered.This makes the return on investment on IBS Kolkata MBA if a student does exceptionally well in the programme and gets placed in the top 10% salary packages offered, as the total fees of the IBS Kolkata MBA programme stand at INR 9.11 lakh.

According to the university website, top recruiters at IBS Kolkata MBA Placements 2024 were ICICI Bank, Deloitte Tax Services, TATA AIG, Axis Bank, Kotak Mahindra, etc. In the placement round 2024 99% of the students got placed and these companies emerged as the top companies for those students.In the placement round, the 2024 average salary stood at INR 6.7 LPA. Calculating the salary packages of the top 25% of students who got placed, the average salary among them stood at INR 8.43 LPA. If students are looking to be placed in top companies in India, with a decent salary package should apply for IBS Kolkata.

Scholarships are only available for candidates who have appeared for the IBSAT entrance exam. The difference in scholarships depends on merit and the category of students passing the IBSAT exam. The scholarships that IBS Kolkata provides are:·       Scholarships for Toppers in IBSAT·       Scholarships forward to IBS Alumni·       Scholarships for physically challenged candidates·       Scholarships for wards of defence personnel (Army, Air Force, Navy, Paramilitary)Candidates have to not only pass the IBSAT entrance exam but also fulfill the eligibility criteria for the scholarships to be eligible for the scholarships.

No, to get admission into IBS Kolkata MBA candidates have to either appear for entrance exams, such as CAT/ XAT/ GMAT/ NMAT, and apply through their entrance score or apply for admission through the IBSAT entrance exam conducted by ICFAI Business School (IBS).Admission into the MBA at IBS Kolkata takes place through micro-presentations and personal interviews conducted as part of the selection process. Hence, there are no direct admissions into IBS Kolkata and all admissions in the MBA programme take place through a series of selection rounds.

The IBS Kolkata MBA programme has a tuition fee of INR 9.11 lakh. Comparing it to the placement figures of 2024, the MBA programme secured an average salary of INR 6.7 LPA. Even if a student is placed in the top 10% of salary packages, still the average salary package is around INR 8.77 LPA.This means that the placements round isn’t able to fully recover the tuition fees of the programme. Candidates looking to take admission should know that top recruiters during placements are some of the most reputed companies in India, such as ICICI Bank, Deloitte Tax Services, TATA AIG, Axis Bank, etc.Therefore, even if the salary package offered is not that high the placements are in highly reputed companies where there is a lot of scope for earning more. Candidates can make their own decisions accordingly.

The Summer Internship Programme (SIP) at IBS Kolkata is 14 weeks long and starts after the end of the second semester. It helps students bridge the gap between the professional world and academic institutions by giving them hands-on experience in the job market.The summer internship programme is necessary as it forms an integral part of the pedagogy of the institution. SIP is necessary as it is part of the evaluation framework of the course and is part of the training curriculum at the institution.

Yes, electives are introduced in the third and fourth semesters of the course. There are eight elective subjects a student has to choose in the last two semesters to complete the credits necessary for the course. Each group of electives gives eight credits.Students of the MBA programme can use the electives to curate a master’s programme for them as they see fit and according to their goals. The electives give the students a chance to build their portfolio while studying at the university.