ICFAI Business School, Mumbai

Yes , it is worth because even IIM offers PGDM/PGPM . All matters is placements at the campus, which needs to be good . Average package is 6.5 lakhs and highest package is 11.5 lakhs to even 17.45 lakhs . Yes, It is worth, If you want you can visit the campus and enquire regarding admission process .

The cutoff through Cmat goes around 85percentile.

If you are talking about mba. here are the details
http://www.ibsindia.org/admissions-info/

Dear,
No one can give you an exact figure of salary one can get after a course.
it is purely depended on the nature of job, industry standards, standard of the organisation, your eligibility etc
You need to focus on your passion & skills, always keep in mind, things done with full heart is priceless; than a doing something without interest.
Hope it was of help,
Regards
Arun Dev

If you are looking for a government job in future then I would suggest you to go for IBS Hyderabad, Dehradun or Jaipur as these institutes are providing proper MBA degree and they are also government approved.

Well in this case, Its better if you study from Either IBS Hyderabad, Dehradun or Jaipur because these institutes will offer you a proper MBA degree which are AICTE Approved .

IBS Hyderabad is better as compared to IBS Mumbai in terms of faculty ,academics and placements and campus facilities. Your wait is worth. Keep IBS Mumbai as your second option .

The placement of an institute matters the most. If a person does MBA or PGDM but this that person does not have a proper placement from college what is the use of her degree or diploma ? This is my opinion, rest is upto you . Do whatever you feel is right. I am just giving a suggestion.

Yes, 505 marks are good. Go ahead you will be shortlisted for IBS, IBS always respect the marks of the students. Apply for IBS Hyderabad or Mumbai as per your preference.