List of ICFAI Business Schools (IBS): Courses, fees & ranking

Q: Q: Is ICFAI Business School recognised by UGC?

A: Yes, all ICFAI Business School is recognised and listed by the University Grants Commission (UGC) under Section 2(f) of the UGC Act, 1956. ICFAI is a recognised member of the Association of Commonwealth Universities (ACU) and the Association of Indian Universities (AIU) also.

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Shruti Garg

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Updated on Mar 16, 2022 12:05 IST

Here's a list of ICFAI Business Schools in India. Read below to know the courses offered, salary, fees, eligibility and more.

Every student has a dream of getting admission into one of the top business schools. Our country has some of the best MBA institutes in the world, and one such institute is the Institute of Chartered Financial Analysts of India (ICFAI). It is one of the premium institutes of the country which has its campuses in Hyderabad, Mumbai, Gurgaon, Pune, Bangalore, Kolkata, Ahmedabad, Jaipur and Dehradun.

IBS ICFAI offers various full-time and part-time management courses, including MBA, BBA, PGPM and PhD. Digital Mailers has ranked ICFAI among the top 20 new generation business schools. ICFAI also ranks third among the top North Indian B-schools by Review Adda.

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Shiksha brings to you a detailed account of ICFAI Business Schools including the fee structure, courses, admission process, etc.

Courses offered by ICFAI Business Schools in India

ICFAI has about ten departments ranging from management, law, education, applied sciences, social sciences, management, etc. ICFAI offers various programmes such as:

Q: Is only CAT score a factor for admission in IIMs?

No, CAT (Common Admission Test) score is not the only factor considered for admission to the Indian Institutes of Management (Iims). While the CAT score is an important factor, it is just one of the several components that are evaluated in the selection process. The selection process for Iims typically involves several stages, which may include: CAT score: The first stage of the selection process is the CAT exam. Candidates who meet the cutoff score set by the IIMS are shortlisted for the next stage. Written Ability Test: The What is a written test that evaluates a candidate's ability to communicate effectively in written form. This stage tests a candidate's writing skills and analytical ability. Group Discussion GD In the GD stage, candidates are divided into groups and given a topic to discuss. This stage tests a candidate's ability to work in a team and communicate effectively. Personal Interview PI- The PI stage evaluates a candidate's overall personality, communication skills, work experience, academic background, and other factors. Academic Record: The academic record of a candidate is also an important factor considered in the selection process. This includes the candidate's academic performance in school and college, as well as any professional certifications and degrees. Overall, while CAT score is an important factor, it is just one of the components considered in the selection process for IIMs. Candidates are evaluated on multiple parameters, and the final selection is based on a combination of factors such as CAT score, academic record, work experience, What, GD and PI performance.

Q: Which courses are offered by IIMs through CAT?

CAT is the common entrance test for a range of post management courses offered by the Indian Institute of Management. The CAT score is accepted for admission to PGP, MBA, Executive MBA, Ph.D. and FPM courses.

Here is the list of courses offered by every IIM.

IIM Ahmedabad: PGP, PGP-FABM, ePGD-ABA (post Graduate Diploma in Advanced Business Analytics), PhD
IIM Amritsar: MBA, MBA-Business Analytics, MBA-HRM, EMBA, PhD
IIM Bangalore: PGP, PGPEM, PGPBA, PhD
IIM Bodh Gaya: PGP, Ph.D. (FPM)
IIM Calcutta: MBA, PhD
IIM Indore: PGP, PGP-HRM, MSDSM (Master of Science in Data Science and Management), FPM
IIM Jammu: MBA, MBA (Hospital Administration & Healthcare Management, Executive MBA (Blended Mode), Ph.D. (Full-Time Mode), Ph.D. (Part-Time Mode)
IIM Kashipur: MBA, MBA (Analytics), EMBA, EMBAA (Executive Master of Business Administration Analytics), PhD
IIM Kozhikode: PGP, PGP-BL, PGP-F, PGP-LSM, EPGP Kochi, PhD
IIM Lucknow: PGP, PGP-ABM, PGP-some, PGPWE, PhD
IIM Nagpur: MBA, MBA (Executive), Ph.D. (Executive)
IIM Raipur: PGP, FPM/PhD, EFPM
IIM Ranchi: PGP, PGP-HRM, PGP (Business Analytics), Ph.D. EPhD
IIM Rohtak: PGP, EPGDSM, PhD
IIM Sambalpur: MBA, Executive MBA, Ph.D. Executive PhD
IIM Shillong: PGP, PGPEX, MBA (WE), Ph.D. PhDWP
IIM Sirmaur: MBA, MBA (T&HM), ExMBA (Digital Transformation & Analytics), PhD
IIM Tiruchirappalli: PGPM & PGPM-HR, DPM, E-DPM
IIM Udaipur: MBA, MBA-DEM, MBA-GSCM, PGDBAWE, PhD
IIM Visakhapatnam: PGP, PGPEx, PGPDGM, Ph.D.

Q: What is the admission process through MAT?

The admission process for MBA/PGDM courses through MAT includes group discussion and Personal Interview . Some of the MBA colleges also conduct written ability test as part of the personality assessment test. In MAT candidates get the option to select 5 B-schools of their choice in the MAT application form, where AIMA will send their scores for shortlisting for MBA Admission. Candidates can choose from up to 600 MBA colleges which accept MAT score for admission. Once the MAT result for an exam phase is announced, the scorecards are sent to selected colleges. The colleges then contact the candidates for shortlisting process if they qualify on the basis of minimum MAT cut off. In case a candidate wishes to seek admission to any B-school other than the chosen five, they need to apply at their respective websites separately. MBA seat is offered to candidates only if they clear the group discussion and Personal Interview.

MBA
BBA
Executive MBA
PGPM
Ph.D
Certificate courses

ICFAI offers both full-time and part-time courses and has collaborations with multiple international organisations.

List of IBS-IFCAI campuses: Courses, Eligibility, Fees

IBS Hyderabad

IBS Hyderabad was established in 1995 and is one of the first colleges of IFCAI Business School. It is a Deemed University as per UGC Act and offers top management courses like BBA, MBA, Executive MBA, PhD and PhD in Economics. The institute is ranked 27^th for MBA course by NIRF 2021.

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Courses	Eligibility	Fees (in INR)
BBA	Merit-based followed by an interview. Applicant must have scored at least 50 percent aggregate in Class 12 in any discipline	7.10 lakh
MBA	Valid CAT/MAT/CMAT/IBSAT/GMAT score Graduate with minimum 50 percent aggregate	16.02 lakh
Executive MBA (part-time)	Graduate with at least 50 percent aggregate Work experience of at least two years in managerial or supervisory positions	5.25 lakh

To know more about IBS-Hyderabad, click on the links below:

IBS Mumbai

IBS Mumbai is one of the top management institutes in Mumbai, which offers both graduate and postgraduate courses. It offers a full-time Post-Graduate Programme in Management (PGPM) course. IBS Mumbai is among the top 30 institutes in Maharashtra according to The Week.

Courses	Eligibility	Fees (in INR)
PGPM	CAT/MAT/CMAT/IBSAT/GMAT Graduation with minimum 50 percent aggregate from a recognised university	9.09 Lakh

To know more about IBS-Mumbai, click on the links below:

IBS Bangalore

IBS Bangalore is ranked 14^thamong the top 30 B-schools by Silicon India and 4^th among the top new generation B-schools by Digital Mailers. The prestigious institute of South India, IBS Bangalore was established in 1995 and offers a full-time PGPM course.

Q: Which schools use GMAT scores?

More than 7,700 graduate management programs across the world use GMAT scores to give admission to aspirants. However, the GMAT score is not the only criterion for getting selected for a good MBA college. B-Schools usually look for candidates who have a holistic profile that has sound academic, managerial work experience, extracurricular activities, etc. Moreover, your admission documents (statement of purpose, letters of recommendation, resume, admission essays, etc.) also matter to a large extent. Hence, you need to be careful with your application documents also.

Q: Does NTA conduct MBA Admission through CMAT?

No, the NTA doesn't conduct common counselling for admission through CMAT. The role of NTA viz. CMAT ends with result declaration. The CMAT accepting colleges conduct their own admission process individually. Candidates have to fill admission forms of the target colleges individually. The MBA colleges and universities accepting CMAT scores conduct group discussion and Personal Interview to select candidates for admission. This selection is based on minimum CMAT cut off fixed by the institute. Admission through CMAT also includes assessment of candidates on the basis of other parameters such as academic record and work experience (not mandatory for all colleges). Overall, the admission process through CMAT includes selection of candidates on the basis of: 1. CMAT score 2. Class 10, 12 and graduation score 3. Work profile and other activities 4. Performance in Personal Interview and group discussion To check your chances of CMAT admission check this college predictor: https://www.shiksha.com/mba/cmat-college-predictor.

Q: What is a good score in CMAT for admission to top MBA colleges?

Ideally, one would say that 99-100 percentile is good for MBA Admission. However, it is not possible for all candidates to score so high. So, what shall be considered a good score in CMAT. A good CMAT score is basically a score that will get you a seat in your desired college. So, if you desire a Tier 1 college, a good score in CMAT will be 85 percentile and above. If you desire a Tier 2 college, a good score in CMAT will be 70-85 percentile and for a Tier 3 college, less than 70 percentile in CMAT will be good. Now, if you want to understand CMAT. Score in terms of percentile, so that while giving the exam you know how much raw score is needed to get the required percentile for the desired college, you need to know how much CMAT score is equal to percentile. About 340-350 score is equal to 100 percentile in CMAT About 281-340 score is equal to 90-99.99 percentile in CMAT About 201-280 score is equal to 81-89 percentile in CMAT About 171-200 score is equal to 71-80 percentile in CMAT About 140-171 score is equal to 61-70 percentile in CMAT About 116-140 score is equal to 51-60 percentile in CMAT.

Q: Which are the top colleges accepting CMAT score for MBA?

Some of the top MBA colleges in India accepting CMAT score for admission include, JBIMS-Mumbai, Goa Institute of Management, KJ Somaiya Institute of Management, SIMSREE-Mumbai, Great Lakes Institute of Management-Chennai, University of Pune-Dept of Management Sciences, Xavier Institute of Social Service-Ranchi, Welingkar Institute of Management-Mumbai, Welingkar Institute of Management-Bangalore, Indian Institute of Information Technology & Management, IFIM-Bangalore, IFMR-Chennai, NIBM-Pune, NL Dalmiya Institute of Management, IMT-Hyderabad, IMT-Nagpur, XISS- Ranchi, ITM-Navi Mumbai, Jaipuria Institute of Management-Noida, Xavier Business School, Xavier University, Great Lakes Institute of Management-Gurgaon, BIMTECH- Greater Noida, XIME, Bangalore, ISBM, Pune, Jaipuria Institute of Management-Lucknow, KIIT School of Management, IPE Hyderabad, SIES College of Management Studies, Navi Mumbai and Chetana Institute of Management and Research-Mumbai, BIMTECH-Greater Noida, BIT-Mesra, DY Patil School of Management-Pune, NIA Pune: National Insurance Academy, Calcutta Business School, NDIM New Delhi, XIME Chennai, EDII Ahmedabad, EMPI Business School New Delhi, Durgadevi Saraf Institute of Management Studies among others.

Q: What is the common admission process through CMAT?

Admission through CMAT exam includes filling up of admission form, appearing for personality assessment test such as group discussion, written ability test and Personal Interview . The personality assessment round is mandatory for all MBA/PGDM candidates as it provides the colleges the opportunity to assess the candidates knowledge, communication skills and leadership abilities. These qualities are essential for making of a good manager or a business leader. Every CMAT accepting MBA college conduct the personality assessment round as per their admission schedule. While some colleges conduct group discussion and Personal Interview . Some colleges conduct written ability test and Personal Interview . There are some CMAT accepting colleges that conduct all three. In the group discussion, candidates are grouped into batched of 8-10, and given a topic to discuss. The group discussion is usually of 15-20 minutes, where every candidate has to display their knowledge and ability to convince others. In this activity, the moderators, judge candidates for their knowledge, ability to hold an argument without screaming and shouting on each other. In the written ability test, candidates are given a topic to write short essay. In this activity, they are judged on their knowledge, English skills and ability to make a convincing argument with facts and reasons. In the Personal Interview round, candidates are judged on their interpersonal skills, ability to ACT under pressure, knowledge and seriousness towards career goals.

Courses	Eligibility	Fees (in INR)
MBA	CAT/CMAT/IBSAT/GMAT Graduation with a minimum 50 per cent aggregate from a recognised university	12.06 Lakh

To know more about IBS-Bangalore, click on the links below:

IBS Gurgaon

Ranked 10^th among the top 30 new generation B-schools in India, IBS Gurgaon is marked ‘A’ by Business and Management Chronicles. IBS Gurgaon is also ranked 2^nd among the top 40 B-schools of excellence by CSR-GHRDC.

Courses	Eligibility	Fees (in INR)
PGPM	CAT/CMAT/IBSAT/GMAT Graduation with a minimum 50 percent aggregate from a recognised university	9.09 Lakh

To know more about IBS-Gurgaon, click on the links below:

IBS Pune

IBS Pune is ranked 13^th under the Emerging Business Schools of Super Excellence category by CSR-GHRDC in 2014. It was marked ‘A++’ by Business India. The Pune campus of IFCAI offers PGPM course in various specialisations like Operations, Marketing, Finance, Human Resources, and Information Technology.

Courses	Eligibility	Fees (in INR)	Duration
PGPM	CAT/CMAT/IBSAT/GMAT Graduation with minimum 50 per cent aggregate from a recognised university	9.09 Lakh	Full-time

To know more about IBS-Pune click on the links below:

IBS Kolkata

Established in 1995, IBS Kolkata is ranked 17^th in India by Silicon India and 2^nd in West Bengal among the top B-schools. It offers a full-time Post-Graduate Programme in Management. The institute also offered BBA and MBA courses, but they were discontinued in July 2019.

Courses	Eligibility	Fees (in INR)
PGPM	CAT//NMAT/CMAT/IBSAT/GMAT Graduation with a minimum 50 per cent aggregate from a recognised university	9.09Lakh

To know more about IBS-Kolkata, click on the links below:

IBS Ahmedabad

IBS Ahmedabad is marked ‘A’ by the Business & Management Chronicle and since its inception in 1995 has been recognised as one of the best B-schools of Gujarat. The college offers a full-time PGPM programme with five specialisations.

Courses	Eligibility	Fees (in INR)
PGPM	CAT/NMAT/CMAT/IBSAT/GMAT Graduation with minimum 50 per cent aggregate from a recognised university	9.09 Lakh

To know more about IBS-Ahmedabad, click on the links below:

IBS Jaipur

This constituent of IFCAI University is among the top institutes in India which offer the best management education. IBS Jaipur was established in 2002. The institute offers a full-time Master of Business (MBA) programme in Finance, Human Resources and Sales & Marketing.

Courses	Eligibility	Fees (in INR)	Duration
MBA	CAT/NMAT/IBSAT/GMAT Graduation with minimum 50 per cent aggregate from a recognised university	6.03 Lakh	Full-time

To know more about IBS-Jaipur click on the links below:

IBS Dehradun

Established in 2004, IBS Dehradun offers MBA in Finance, HR, Operations and Sales & Marketing. IBS Dehradun has been recognised as the best B-school in Uttarakhand and 2^nd among B-schools of ‘Outstanding Excellence’ by GHRDC-CSR survey.

Courses	Eligibility	Fees (in INR)	Duration
MBA	CAT/NMAT/IBSAT/GMAT Graduation with minimum 50 per cent aggregate from a recognised university	6.03 Lakh	Full-time

To know more about IBS-Dehradun click on the links below:

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IBS Placements: Top Companies and Salary Offered

Below is the list of top recruiters and salary packages offered during the final placement process at ICFAI University’s various campuses. The table below mentions the placement details for class 2021.

Institute	Average CTC (in INR)	Average Salary (in INR)		Highest Salary (in INR)
		Top 10%	Top 25%
IBS Hyderabad	7.59 LPA	10.49 LPA	9.20 LPA	13.20 LPA
IBS Jaipur	5.49 LPA	9.66 LPA	8.20 LPA	6.4 LPA
IBS Dehradun	5.62 LPA	8.60 LPA	7.08 LPA	10.62 LPA
IBS Kolkata	5.60 LPA	8.14 LPA	7.24 LPA	10 LPA
IBS Bangalore	5.91 LPA	8.68 LPA	8.04 LPA	10 LPA
IBS Pune	6.02 LPA	8.95 LPA	7.99 LPA	10 LPA
IBS Gurgaon	6.05 LPA	8.83 LPA	8.12 LPA	10.09 LPA
IBS Mumbai	6.38 LPA	10.08 LPA	8.86 LPA	12.40 LPA
IBS Ahmedabad	6.40 LPA	12.02 LPA	8.71 LPA	8.46 LPA

Top Recruiters for IBS Campuses Placements

Check the table below to know the top recruiters for IBS placements held for class of 2021:

Wipro	Zomato	Thomas Reuters	Arrow Groups
Google	Oracle	Aditya Birla Group	CavinKare
Abbott	Indiabulls Home Loans	Grofers	SBI Life
Merican Express	Idea	Bajaj	Lewis Berger
Cafe Coffee Day	Cognizant	HDFC Life	ICICI Bank
Kotak	ITC	Nestle	Yes Bank
KPMG	Radio City	Hinduja	Tata Consultancy Services

Read More:

Important FAQs Related to ICFAI Business School

Q: Is ICFAI Business School recognised by UGC?

A: Yes, a ll ICFAI Business School is recognised and listed by the University Grants Commission (UGC) under Section 2(f) of the UGC Act, 1956. ICFAI is a recognised member of the Association of Commonwealth Universities (ACU) and the Association of Indian Universities (AIU) also.

Q: What is the MBA fees at ICFAI Hyderabad? Which entrance exam should I give to get admission?

A: The fees for MBA at ICFAI Hyderabad is Rs 14.14 lakh. Candidates who wish to get admission to IBS Hyderabad can appear for CAT, MAT, IBSAT, CMAT or GMAT.

Q: What is the eligibility criteria for admission to IBS Mumbai?

A: Candidates who wish to get admission to IBS Mumbai must hold a graduation degree with at least 50% aggregate from a recognised university. They must also have a valid score in CAT/CMAT/MAT/IBSAT/GMAT.

Q: Is IBS Bangalore good for MBA?

A: IBS Banglore is considered one of the finest B-schools in the country. Any applicant who has completed Class 12 with commerce stream is eligible to apply. The placements are good and handsome salary packages are offered.

Q: What is the highest package offered at IBS Hyderabad? Is it a good college to join?

A: IBS Hyderabad is known for good placements year on year. The highest package offered at IBS Hyderabad stood at Rs Rs 15.89 LPA in 2020. The average package offered at IBS Hyderabad stood at Rs 7.88 LPA in 2020.

Q: Which courses are offered by ICFAI?

A: ICFAI offers various postgraduate and undergraduate courses in engineering, management, computer application, science and humanities.

Q: When will the IBSAT application forms release? When will be the exam conducted?

A: IBSAT application forms 2021 are likely to release in the first week of July 2021. The IBSAT 2021 exam is likely to be conducted in the fourth week of December 2021.

Q: Who are the top recruiters in campus placement at ICFAI?

A: Wipro, Zomato, Google, Oracle, Jaro Education, Aditya Birla Group, Thomson Reuters, Kotak mahindra, The Bombay Natural Company, TATA AIG Life Insurance, Treebo Hotels, RBL Bank are some of the top recruiters at ICFAI Hyderabad.

Q: What is the average and highest salary packages offered to ICFAI graduates?

A: According to the official website of ICFAI, the average salary offered stood at Rs 5.7 lakh and the highest salary offered stood at Rs 15.8 lakh for 2018-2020 batch.

Q: Does IBS Pune offer distance learning education also?

A: No, IBS Pune offers an only a full-time MBA programme. The admission fee is Rs 8.03 lakhs. Any graduate with 50% aggregate can apply for IBS Pune.

Q: Is it mandatory to appear for GD PI round at IBS Dehradun?

A: Yes, it is mandatory to appear for the GD PI process at IBS Dehradun, as it an assessment round for each individual. For admission, candidates need to appear for IBSAT and meet the cutoff criteria. Once they have matched the cutoff they need to appear for the GD-PI round.

About the Author

Shruti Garg

Assistant Manager- Editorial

Shruti is a graduate in Education and Literature. She is a passionate writer. As her name suggests she is a good listener, a binge-watcher, and a great foodie. She loves playing badminton and doing meditation in her... Read Full Bio