IBS Mumbai: Courses, Fees, Admission 2024, Placements, Ranking

ICFAI Business School conducts ICFAI Business School Aptitude Test (IBSAT) for admission to its Management courses. However, it is not compulsory for selection. Aspirants with a required score in other accepted exams: CAT/GMAT/NMAT by GMAC/XAT are also eligible to apply. Moreover, aspirants shall check out the eligibility requirements before applying for the course. Candidates are shortlisted based on accepted exam scores for further selection rounds. Read more on IBS Mumbai admissions here.

Yes, ICFAI Business School Mumbai offer a scholarship to PGPM with good performance in the IBSAT exam. The scholarship is offered under the following categories:

• IBSAT 2023
• Defense personnel wards (serving or retired) from Army, Airforce, Navy, and Paramilitary forces
• Physically challenged candidates
• Wards of IBS Alumni

Find some more details on the offered scholarships from the table given below:

Particular	IBS Mumbai PGPM Highlights
Scholarship criteria	The minimum scholarship criteria (cutoff score) for a scholarship amount of INR 2 Lacs is: CAT: Top 75 candidates with a minimum score of 90 percentile and above XAT: Top 25 candidates with a minimum score of 80 percentile and above GMAT: Top 25 candidates with a minimum score of 550 and above NMAT by GMAC: Top 100 candidates with a minimum score of 225 and above

NOTE: The above-mentioned scholarship information is from an unofficial source. Hence, is indicative.

No, IBS Mumbai does not offer hostel facilities to the students. IBS Mumbai is spread across 1.83 acre of land. IBS Mumbai has well-equipped classrooms, a 225-seater auditorium, separate common rooms for boys and girls, a gym, and three syndicate rooms for student and faculty interaction. In addition to this, it has a well-stocked library with over 20,000+ books, 90+ national journals, more than 10 international and along with it magazines.

Financial Services sector emerged as the top recruiting sector that placed 26% of the total students during IBS MBA placements 2023. The sector-wise IBS Mumbai PGPM placement distribution 2023 is presented below:

Note: The “Others” category includes the sectors of Insurance, Manufacturing / Construction, FMCG / Retail, Infra / Telecom / Real Estate, Media & Research, Education and Other Services.

The detailed sector-wise IBS Mumbai PGPM placement distribution 2023 is presented below:

Sectors	PGPM Placement Distribution (2023)
Financial Services	26%
Banking	24%
IT / ITES	15%
Consulting	14%
Insurance	5%
Manufacturing / Construction	4%
FMCG / Retail	3%
Infra / Telecom / Real Estate	3%
Media & Research	2%
Education	1%
Other Services	3%

Note: The sector-wise placement distribution data presented above is the overall data of all the IBS campuses.

IBS Mumbai Postgraduate Programme in Management (PGPM) is a two-year course divided into four semesters. The course is offered in a full-time mode. Aspirants seeking admission must meet the minimum eligibility requirements. Moreover, the selection process is entrance-based. Candidates have to appear for IBSAT and secure a good score of admission. However, candidates with a valid score in CAT/XAT/GMAT/NMAT by GMAC with the required minimum score are exempted from IBSAT. Candidates shortlisted based on the exam score are further invited for group discussion and personal interview round. Read here about on Career Scope of PGDM.

Yes, all the campuses of IBS including IBS Mumbai have an extremely active common placement cell known as the Career Management Centre that acts as a mediator at all campuses, individually. It focuses on training students from time to time to be well-rounded professionals. Moreover, it organises various activities such as guest lectures, pre-placement talks, and workshops for the all-around development of its students.

Students can refer the table below for details on campus-wise salary data and placement rate in order to figure out the best IBS campus in terms of placements:  

IBS Campus Name	Highest Package (2024)	Average Package (2024)	Placement Rate (2024)
IBS Mumbai	INR 20 LPA (Domestic) INR 18 LPA (International)	INR 8.03 LPA	98%
IBS Hyderabad	INR 21 LPA (Domestic)	INR 9.71 LPA	94%
IBS Kolkata	INR 10 LPA (Domestic)	INR 6.7 LPA	99%
IBS Pune	INR 12 LPA (Domestic)	INR 7.59 LPA	99%
IBS Jaipur	INR 10.5 LPA (Domestic) INR 20.5 LPA (International)	INR 7.27 LPA	99%
IBS Gurgaon	INR 26.19 LPA (Domestic)	INR 7.48 LPA	95%
IBS Dehradun	INR 13 LPA (Domestic) INR 36.76 LPA (International)	INR 6.53 LPA	94%
IBS Ahmedabad	INR 12 LPA (Domestic)	INR 7.79 LPA	98%
IBS Bangalore	INR 11.49 LPA (Domestic) INR 13.5 LPA (International)	INR 7.41 LPA	93%

Financial Services sector emerged as the top recruiting sector that placed 30% of the total students.

The sector-wise placement distribution recorded during IBS placements 2024 is presented below:

Sectors	Placement Distribution in % (2024)
Financial Services	30%
Banking	15%
IT/ITES	14%
Consulting	10%
Insurance	8%
Infra/Telecom/Real Estate	5%
FMCG / Retail	4%
Manufacturing/Construction	4%
Media & Research	2%
Hospitality/Tourism	2%
Education	1%
E-Commerce	1%
Other Services	4%

Note: The sector-wise placement distribution data presented above is the overall data of all the IBS campuses.

The highest international package offered during IBS Mumbai placements over the past three years is presented below:

Particulars	Placement Statistics (2022)	Placement Statistics (2023)	Placement Statistics (2024)
Highest international package	INR 53.45 LPA	INR 11.13 LPA	INR 18 LPA

ICFAI Business School, Mumbai has a good placements record. It is approved by UGC. In 2023 placements, the placement rate achieved was 98%. The highest domestic and international package offered was INR 18.80 LPA and INR 11.13 LPA, respectively. Further, the average package offered stood at INR 8.17 LPA. Some of the top companies that participate in placements were Google, Deloitte, EY, HCL, etc. 

The 2-year full-time PGPM program is an industry accepted management program. It does not have AICTE recognition but that does not matter as companies visit every year for recruitment. So as far as you are getting placed through campus it will not be a problem and on the other side the institute also provides an option to opt for the MBA degree program which is offered by ICFAI University Dehradun on self-study mode basis which will parallelly get completed with the PGPM program and that degree is UGC approved. So you can apply for Ph.D or any public sector job with this MBA degree also. P.S: AICTE approval is given to autonomous institute only which provide PGDM whereas UGC approval is given to universities providing MBA degree. Do not mix up both. Hope this is clear.

{Source: MBA/PGDM students & alumni}

Effective Placement Cell

* The placement cell at IBS Mumbai is highly effective, with nearly 95% of students getting placed (Source: Multiple students' reviews)
* Top companies like Deloitte, JP Morgan, Morgan Stanley, HDFC, ICICI, Nestle, Asian Paints, and many more visit the campus for placements (Source: Multiple students' reviews)
* The average salary package offered is around 6-6.5 Lacs per annum, with the highest package reaching up to 10-11 Lacs (Source: Multiple students' reviews)
* Roles offered include finance, marketing, HR, and operations, with a focus on sales and marketing profiles (Source: Multiple students' reviews)
* The college also offers international internship opportunities, with students receiving a stipend ranging from 30,000 to 50,000 Rupees per month (Source: Multiple students' reviews)

Overall, the placement cell at IBS Mumbai is highly effective, with a strong track record of placing students in top companies and offering competitive salary packages.

Yes, aspirants with a valid score of CAT can apply for IBS Mumbai PGPM course. In addition, candidates with a 60 percentile and above CAT score are exempted from writing the IBSAT 2023 exam. Moreover, apart from this, it is also crucial that the aspirants fulfil the course-specific eligibility requirements as prescribed by the ICFAI Business School, Mumbai. For more details about the CAT entrance examination, Click Here.

IBSAT is a national level exam conducted by ICFAI Foundation for Higher Education (deemed to be University) for admission to MBA/ PGPM courses. IBSAT 2024 registration will commence in first week of July 2024 and candidates will be able to register themselves on the official website at general.ibsindia.org. IBSAT scores are accepted by nine ICFAI Business Schools (IBS), namely IBS Hyderabad, IBS Mumbai, IBS Bengaluru, IBS Pune, IBS Gurgaon, IBS Kolkata, IBS Ahmedabad, IBS Jaipur, and IBS Dehradun. Tabulated below is the tentative IBSAT 2023 schedule:

Events	Dates
IBSAT 2024 GD-PI	10 Feb - 18 Feb '24.
IBSAT 2024 Selection Process Result	March 2025

 

IBS Mumbai is a well known institute which offers PGDM programme to the students. The fee structure for the MBA programme is INR 9.1 lakh. The fee structure inculdes tuition fee for the two-year programme. The highest and average package offered during IBS Mumbai placements 2024 stood at INR 20 LPA and INR 8.03 LPA, respectively. The institute has good ROI as per the fee structure. 

The application form cost is INR 1,800. Aspirants need to pay this fee in order to submit their application successfully. It must be paid within the due date. For online fee payment, candidates can pay through credit card/debit card/net banking. For more details on fee payment, candidates can also visit the business school's official website or reach out to its admission office.

ICFAI Business School, Mumbai admission process for PGPM programme is entirely entrance-based. The applicants are shortlisted based on merit in the accepted exams such as IBSAT/CAT/ GMAT /NMAT by GMAC/XAT. Candidates fulfilling the prescribed criteria are exempted from IBSAT exam. Further, the shortlisted candidates are called for personal interview and group discussion round. The final selection is done based on performance in the selection rounds. Read more on admission process, here.

The key highlights of IBS Mumbai placements over the past three years are presented below:

Particulars	Placement Statistics (2022)	Placement Statistics (2023)	Placement Statistics (2024)
the highest domestic package	INR 15 LPA	INR 18.8 LPA	INR 20 LPA
the highest international package	INR 53.45 LPA	INR 11.13 LPA	INR 18 LPA
Average package	INR 7.14 LPA	INR 8.17 LPA	INR 8.03 LPA
Top 10% average package	INR 12.18 LPA	INR 13.3 LPA	INR 13.56 LPA
Top 25% average package	INR 9.69 LPA	INR 11.01 LPA	INR 11.45 LPA
Placement rate	98%	98%	98%

{Source: MBA/PGDM students & alumni}

Pursuing MBA/PGDM at IBS Mumbai: Worth it?

Here's a summary of the feedback from current students and alumni:

Pros:

* Excellent faculty members with industry experience and qualifications
* Relevant and practical course curriculum
* Good placement record with top recruiting companies like Deloitte, HDFC, and Aditya Birla
* Opportunities for internships and projects
* Well-equipped infrastructure with modern facilities
* Strong emphasis on developing soft skills and personality

Cons:

* High fees structure (around INR9 Lacs per annum)
* Limited hostel facilities
* Competition for placements due to large intake of students (over 1000)
* Some students may find the academic rigor challenging

Placement Statistics:

* Average salary package: INR7-8 LPA
* the highest package: INR15.6 LPA (national), INR11.3 LPA (international)
* Over 90% of students get placed
* Top recruiting companies include JP Morgan, Deloitte, HDFC, Aditya Birla, and others

Overall Assessment:
Based on the feedback, pursuing an MBA/PGDM at IBS Mumbai appears to be a good decision for those seeking a practical and industry-focused education. While the fees might be steep, the college's reputation, faculty expertise, and placement record make it a worthwhile investment. Additionally, the emphasis on developing soft skills and personality can benefit students in their future careers. However, potential students should carefully consider the pros and cons before making a decision.

Most of the students pursuing programmes at IBS have financed their education through educational loans from various public sector and private sector banks and financial institutions which are listed below:

• Public Sector Banks
• Private Sector Banks
• Axis Bank
• ICICI Bank
• IDFC First Bank
• YES Bank

Non-Banking Financial Institutions

• HDFC Credila Financial Services Ltd.

Disclaimer: The scholarship details presented above is the overall stats. Hence, it is not course specific.