IBS Mumbai MBA Courses & Fees 2025: Admission 2025, Eligibility, Cut-off & Placements

No, it is not compulsory as candidates fulfilling the criteria prescribed by the institute are exempted from the exam. The following candidates are further exempted from writing IBSAT exam:

• CAT with 60 and above percentile
• GMAT with 500 and above score
• NMAT by GMAC with a score of 150 and above
• XAT with 60 and above score

There are multiple components included in the ICFAI Business School, Mumbai PGPM course fee such as tuition fee, refundable caution deposit, etc. For fee payment details, applicants can reach out to the IBS Mumbai admission office or visit its official website. Moreover, the PGPM fee is INR 9.10 lakh. It must be noted that the given fee is taken from an unofficial source. Hence, the actual amount may vary. For details around the PGPM course, such as eligibility, selection process, and more, Click Here.

To be eligible for admission to IBS Mumbai PGPM, it is crucial that the aspirants meet the minimum eligibility criteria. Thus, an applicant must be a graduate in any discipline with a minimum aggregate of 50% with medium of study as English. The aspirants should have completed a minimum 15 years of education. Moreover, the candidates in the last year of the degree programme are also eligible to apply. 

The key highlights of IBS Mumbai placements 2024 are presented below:

Particulars	PGPM Placement Statistics (2024)
Highest domestic package	INR 20 LPA
Highest international package	INR 18 LPA
Average package	INR 8.03 LPA
Top 10% average package	INR 13.56 LPA
Top 25% average package	INR 11.45 LPA
Placement rate	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.

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.

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.

Find below a trend for IBS Mumbai CAT cutoff for PGPM:

PGPM - IBS Mumbai: CAT percentile Cutoff (General-All India)
Section	2019	2020	2021
Overall	70	70	70
Quants	40	40	40
VA-RC	40	40	40
DI-LR	40	40	40

NOTE: It is as per an unofficial source.

The list of top recruiters during IBS Mumbai PGPM placements 2023 is presented below:

IBS Mumbai Top Recruiters
Deloitte	Google
EY	Oracle
KPMG	HCL
Tata Capital	Wipro
ICICI Bank	PwC

Candidates seeking admission to IBS Mumbai PGPM course through IBSAT, shall complete its application process. In addition, candidates applying with other exam scores, can visit the IBS Mumbai official website. The application form is made available in both online and offline modes. The steps to be followed for online application submission through IBSAT are as follows:

Step 1: Visit the official website of IBSAT.

Step 2: Fill out personal, educational, and other details in the application form.

Step 3: Proceed and pay the application fee of INR 1,800 to submit the application successfully. 

After a successful transaction, candidates are informed through mail/SMS with the application number and password. 

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. 

{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.

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.