IBS Mumbai IBSAT 2023 Result is out. Candidates can check the results using their application number on the official website. CAT Result 2023 has been released. Candidates can download the scorecard from the official website by using their login ID and username. XAT 2024 exam is scheduled for January 7, 2024.
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IBS Mumbai Admission 2024: Courses, Eligibility, Selection Criteria, Dates
Mumbai, Maharashtra
Private College
Content Curator updated
IBS Mumbai Admission 2023 Updates
IBS Mumbai is spread in a 80,000 sq.ft. campus with 15 classrooms on two floors, 225 seater auditorium and three syndicate rooms for student faculty interaction. The institute leverages academic rigour with close industrial interaction to bring out the best of every student on IBS Mumbai campus. The institute is rated 20th by Business Today and 6th among the Top B-schools by Silicon India.
The IBS Mumbai selection process is expected to start in the month of February/March every year. The B School accepts the valid scores of CAT, GMAT, IBSAT, and NMAT for its flagship PGPM shortlisting. The final selection is based on the Group Discussion (GD) and Personal Interview (PI) round conducted by the institute. During the IBS Mumbai Admission 2021, 25000+ candidates appeared for IBSAT and around 12000 candidates had qualified for the further selection process. Check: IBS Mumbai Previous Year CAT cutoff
Table of Content
IBS Mumbai Important Dates
|
Events |
Dates |
|---|---|
|
IBSAT Exam Date |
December 25, 2022 |
|
IBSAT Result |
December 29, 2022 |
SIBM Pune Top Courses, Seats & Fees
| Course Name | Course Eligibility | Total Course Fee |
|---|---|---|
| PGPM | Eligibility: Graduation in any stream with minimum 50% aggregate from English student must have TOEFL/ NELT/ IELTS score in case of non proficiency in English Final year students are also eligible to apply Selection Criteria: IBSAT / CAT or NMAT scores + PI Duration: 2 years | INR 9.09 Lakhs |
Also Check Which business school should I choose, SIBM Pune or NMIMS Mumbai?
IBS Mumbai VS SCMHRD, PuneVs TAPMI Manipal Vs XIM Bhubaneswar Vs IMT Nagpur Vs SIBM Pune Vs XISS Ranchi
| College Name | IBS Mumbai | SCMHRD, Pune | TAPMI Manipal | XIM Bhuvaneshwar | IMT Nagpur | SIBM Pune | XISS Ranchi |
|---|---|---|---|---|---|---|---|
| PGDM/MBA/MMS Fees | INR 9.09 lakh | INR 19.00 Lakhs | INR 18.30 Lakhs | INR 19.5 Lakhs | INR 12.12 Lakhs | 21.32 Lakhs | INR 8 Lakhs |
| Popular Electives | Marketing, Finance, Operations, Strategy | Finance, Business Analytics, Marketing, Operations Management, HRM | Finance, HRM, Operations, Marketing, IT & Analytics,Strategy | Marketing, Finance, Operations, HR, Strategy, Systems | OB, Marketing, Finance, HR, Operations | Marketing, HR, Finance, Operations & Supply Chain Management | Marketing, Finance, HRM, RM, IT |
| Highest Package | INR 22 LPA | INR 33.6 LPA | INR 32.2 LPA | INR 32.21 | INR 23.57 LPA | INR 45.5 LPA | 20.50 LPA |
| Average Package | NR 7.04 LPA | INR 16.5 LPA | 23.06 LPA | 17.54 LPA | INR 9.9 LPA | 23.06 LPA | INR 7.19 LPA |
| Median Package | — | INR 15 LPA | —- | INR 17.10 LPA | INR 8.3 LPA | INR 20.80 LPA | — |
| Accepted Entrance (Minimum Cutoff) | IBSAT(75)/CAT(70%)/ GMAT/ NMAT(70%) scores | SNAP score(97) | CAT(85)/ XAT(85/ GMAT(630) scores | XAT(92)/ CAT(92-94)/ X-GMT(91) | CAT(85)/ GMAT/ XAT/CMAT(90) score | SNAP score (98.07) | XAT Score (95) |
| NIRF Ranking | 27 | — | 32 | 34 | 26 | 20 | —- |
| Quick Links | IBS Mumbai Admission | SCMHRD Pune Admissions | TAPMI Manipal Admission | XIMB Admission | IMT Nagpur Admission | SIBM Pune Admission | XISS Ranchi Admission |
IBS Mumbai Cut off
ICFAI Business school Admissions are ongoing for the academic year 2023. The minimum cut-off scores for getting a GDPI call scheduled at IBS Mumbai from 23 February - 4 March 2023 is as follows:
IBS Mumbai Cutoff:
|
Exam Name |
Cut-Off |
|---|---|
|
CAT |
60 Percentile and Above |
|
XAT |
60 Percentile and Above |
|
GMAT |
500+ |
|
NMAT |
150+ |
IBS Mumbai PGPM Admission 2023
Eligibility Criteria
For 2 year IBS Mumbai flagship PGPM Program, IBS Mumbai takes into consideration the below mentioned eligibility criteria:
- Graduation (any discipline) with 50% and above marks with medium of instruction as English.
- Candidates not meeting the eligibility criteria of English medium in graduation have to submit the TOEFL/ NELT/ IELTS score by May 31 of the admission year.
- Applicants in their final year bachelor’s degree course are also eligible to apply, provided they complete their graduation requirements (including practical examinations / viva / assignments) before May 31 of their admission year. The last date for submission of proof of graduation is November 01, 2022.
- Eligibility criteria will be checked from August, 2022 onwards. Hence, the applicants should ensure that they satisfy the eligibility criteria as furnished by IBS Mumbai.
Selection Criteria :
The selection process to IBS Mumbai consists of three stages –
Stage I: Written Exam
IBSAT or scores of other exams such as CAT or NMAT by GMAC or GMAT or SNAP or XAT or MAT or CMAT or CET (Maharashtra) and any other State Level Test are also considered valid.
Stage II: Group Discussion & Personal Interview:
Candidates qualified in IBSAT or and any other Test are called for the selection process at one of IBS campuses to appear in a Group Discussion and Personal Interview.
Stage III: Final Shortlisting:
The final selection is based on past academic record and performance of the candidates in Group Discussion and Personal Interview. The weightages given for past academic record, group discussion & personal interview are as given below.
| Admission Components | Weightage (%) | ||
|---|---|---|---|
| Past academic record | X | 10 | 50 |
| XII | 15 | ||
| Graduation | 25 | ||
| Group discussion | 25 | ||
| Personal Interview | 25 | ||
| Total Score | 100 | ||
IBS Mumbai Application Process
Application form (PGPM 2023 Bulletin) may be purchased either through Online or Offline mode as follows. The cost of the application form (PGPM Bulletin) is Rs 1800.
Online :-
- Online registration for the programs is available on http://admissions.ibsindia.org/pgpm2023/registration/
- After successful transaction, candidates will receive a mail with details of application number and password.
Offline :-
- Offline Applications are available at IBS Marketing Branches - For nearest branches you may visit the website http://www.ibsindia.org/contact_us/
- On purchase of application form you will receive a scratch card containing application number and password.
FAQs
Ques. Where do I get the IBSAT Application?
Ans. IBSAT 2022 Application form is available Online and Offline. The online application is available at official Website.
After a successful transaction of INR 1800, candidates will receive an e-mail/SMS with details of the application number and password.
Offline Application is available at the nearest braches. You can check the branches for an offline application form by visiting ibsindia.org/contact-us/.
Ques. What is the pattern of IBSAT test or it is similar to the CAT or the GMAT?
Ans. IBSAT is an aptitude test conducted by ICFAI Business school for admisison to various progrmas. The duration of IBSAT exam is two hours. The question paper is divided into four sections Verbal Ability, Reading Comprehension, Quantitative Ability, and Data Adequacy & Data Interpretation. IBSAT paper has 140 questions in total which are multiple choice questions.
- Verbal Ability : 50
- Reading Comprehension : 30
- Quantitative Aptitude : 30
- Data Adequacy & Data Interpretation : 30
Ques. What are the scholarships offered by IBS Mumbai?
Ans. One of the ethos of ICFAI Business School (IBS) is to recognize and encourage the meritorious students. IBS Offers Campus Merit scholarship and I-LEAD Assistantships (IBS Learn, Earn & Develop).
Ques. Is hostel accommodation available for the students at IBS Mumbai?
Ans. Hostel facility is not available at IBS, Mumbai However campus administration will assist the students in getting suitable off-campus accommodation nearby the campus. The living expenses in these cities vary from Rs 8,000 – Rs 15,000 per month.
Ques. Is there any financial assistance available at IBS Mumbai?
Ans. The candidates selected for IBS Programs avail educational loans from Public / Private Sector Banks. IBS has entered into MOUs with the following financial institutions:
- CREDILLA Financial Services
- AVANSE Financial Services Pvt. Ltd.
Ques. Does IBS Mumbai guarantees placements?
Ans. IBS has an impeccable track record of achieving good placements year on year. The best companies visit the campus every year. Placements for the year 2019 details visit ibsindia.org/final-placements/
Ques. Can we take an education loan to study at IBS Mumbai ?
Ans. Yes, lots of the students pursuing programs at IBS Mumbai have financed their course fee through educational loans from various public sector and private sector banks and financial institutions. Some of them include HDFC Bank Ltd. , Axis Bank & ICICI Bank , HDFC Credila Financial Services Ltd. , Avanse Financial Services, Eduvanz Financing Pvt Ltd, LiquiLoans Private Ltd etc.
Ques. Does IBS Mumbai give MBA Degree?
Ans. No, IBS Mumbai does not offers MBA course. It offers a 2 year, full-time PGPM(Post Graduate Program in Management). However, some other branches of IBS offers MBA program.
Ques. Is there any weightage for work experience in the selection process?
Ans. There is no weightage for work experience in the selection process. However, during the Personal Interview the panel members assess the candidate taking into consideration all the factors like work experience, etc.
Ques. Does IBS Mumbai considers management quota for its PGPM Admission?
Ans. No, There is no management quota or NRI quota as of now as prescribed by IBS Mumbai. For its flagship PGPM Programme, IBS only accepts the candidature of the applicants based on entrance tests.
| COURSE | ADMISSION LINK |
|---|---|
| MBA/PGDM | Admission Link |
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Ask your question
Answered Questions
ICFAI Business School - [IBS]: 10 answered questions
AN
AA
If you have converted BIMTECH Greater Noida for the core PGDM program, then you should definitely consider this program over the other.
ICFAI Business School (IBS) has many campuses across India; Mumbai, Dehradun, Gurgaon, Bangalore (off-campus Hyderabad), Kolkata, Pune, Ahmedabad, and Jaipur. Out of these, only the Hyderabad campus comes close to BIMTECH Greater Noida.
The average salary offered during the campus placements for the core PGDM 2018-20 batch of BIMTECH Greater Noida is INR 8.27 lakhs per annum. The percentage placements of the overall batch (all the courses) were 96.59%.
If you are really interested in finance and want to build your career in the same, then you can go for IBS Mumbai if you are not getting any other campus. Otherwise, BIMTECH Greater Noida is always preferable.
...Show More
SC
YA
If you're considering an MBA program, Hyderabad, Mumbai, and Gurgaon are three of the most attractive options based on their placement prospects. Only the Hyderabad, Jaipur, and Dehradun campuses offer an MBA program, while other campuses offer PGPM. If you want a dual degree, you can pursue a PGPM from the campuses offering the program, combined with a distance learning MBA.
The cost of your education is another important factor to consider. The Mumbai and Gurgaon campuses will cost you approximately INR 9 lakhs for PGPM, while the Hyderabad campus charges approximately INR 16 lakhs for an MBA.
In terms of placement statistics, IBS Hyderabad had a 99% placement percentage in 2022 with an average package of INR 8.71 LPA. On the other hand, IBS Mumbai had an average package of INR 7.14 LPA with the highest international and domestic packages of INR 53.45 LPA and INR 15 LPA, respectively. IBS Gurgaon had an average salary of INR 6.81 LPA with the highest international salary of INR 22.18 LPA and the highest domestic salary of INR 11 LPA. The average salary for the top 10% and top 25% was INR 10.06 LPA and INR 8.76 LPA, respectively.
Before making your final decision, it is important to carefully weigh all of these factors. While Hyderabad offers excellent opportunities for development and growth, including a strong club culture, Mumbai and Gurgaon may be better options for you if you are closer to your hometown or primarily concerned about the return on investment.
...Show More
SB
GN
I don’t really understand why you want to change campuses when the Mumbai campus is the most coveted one. I have a friend who despite being an IBS Hyderabad pass-out, considers the Mumbai campus way superior after spending months on a summer internship there.
He considers the IBS Hyderabad to be overestimated and apart from infrastructure, IBS Powai/Hiranandani is much better in all aspects. Moreover, the Mumbai campus enjoys the locational advantage of being closest to the city of dreams. The campus is in the vicinity of IIT Mumbai so you get to interact with many geniuses also.
On the other hand, IBS Shankarpally, despite having top-notch infrastructure, lacks connectivity. You are disconnected from other students and the entire world if you choose this college.
...Show More
MM
GY
It is important to note that when it comes to placements in tier 3 B-schools, the job profiles offered are generally similar, with a focus on sales. However, the location of the B-school can have a significant impact on the placement opportunities available to students.
In cities where there are multiple B-schools located, such as Bangalore, Hyderabad, and Mumbai, competition between schools can be high, which affects the placements available to students. In contrast, schools located in cities without significant competition, such as IMI Kolkata and IMI Bhubaneshwar, may provide more reliable and decent placement opportunities.
...Show More
HY
JT
Among the campuses of IBS, Hyderabad is considered the best, followed by Mumbai and Pune. It is assumed that the syllabus and course content are similar across the three campuses. Hyderabad is considered to be the best in terms of facilities and resources, while Mumbai is also a strong option, with good professors, case studies, presentations, and a well-equipped campus.
While IBS Hyderabad has a strong placement record, most of the offered positions are in sales. There are also opportunities in advertising, retailing, and other fields, but they are less prevalent. The pay packages offered by the college are decent. After gaining some experience through campus placements, you can explore job opportunities outside the college.
It is important to note that none of the IBS campuses are AICTE approved, but they are affiliated with ICFAI University in Dehradun. As an alternative, you can opt for a distance MBA program by paying an additional fee.
...Show More
BV
PC
Having friends at BIMTECH, I suggest you go for it. It is a better choice than IBS Mumbai. If you are in the 70-90 percentile range, then BIMTECH is actually a very good option for you. Here are some of the reasons as to why –
- It is really good at BIMTECH with a good mix of professors. The visiting faculty are also very good.
- The library has lots of good books and journals to follow and is one of the best things about the institute.
- It focuses a lot on case studies which really enhances the classroom experience.
- A lot of presentations are also expected from students which will make you overcome your stage fright.
- Hostels are decent with good quality food in the mess.
- The college holds a strong brand and reputation among students which attracts a diverse set of students from all across the country.
In regard to placements, BIMTECH is truly superior to IBS Mumbai. The placement highlights for the year 2020 depict the same as well –
|
Categories |
BIMTECH Noida |
IBS Mumbai |
|
Percentage of placements |
96.59% |
95% |
|
Average CTC |
INR 8.13 LPA |
INR 6.91 LPA |
|
Highest CTC |
INR 18 LPA (Domestic) INR 23 LPA (International) |
INR 15 LPA (Domestic) INR 50.23 LPA (International) |
The only drawback for BIMTECH Noida would be its higher fee structure as well as its high fee for the hostels which are also mandatory. Apart from that, there is nothing in which IBS Mumbai actually gets an advantage over BIMTECH Noida. Thus undoubtedly, BIMTECH Noida should be your preferred choice between the two.
...Show More
SK
TA
BIMTECH Noida is a better choice compared to IBS Mumbai. BIMTECH(RM) offers approximately the same kind of placements as other domains in BIMTECH.
In regard to placements, BIMTECH is truly superior to IBS Mumbai. The placement highlights for the year 2022 depict the same as well –
|
Categories |
BIMTECH Noida |
IBS Mumbai |
|
Percentage of placements |
96.59% |
95% |
|
Average CTC |
INR 8.90 LPA |
INR 7.14LPA |
|
Highest CTC |
INR 18 LPA (Domestic) INR 23 LPA (International) |
INR 15 LPA (Domestic) INR 53 LPA (International) |
...Show More
MS
NM
Welingkar Mumbai beats IBS Mumbai in terms of learning opportunities, salary packages offered, and exposure.
IBS Mumbai has a huge batch size. There are more than 1000 students including all specializations. While Welingkar has a batch size of 600.
Welingkar has a better placement record as well. According to the recent highlights, Welingkar Mumbai average package is INR 8.8 LPA. While the highest package is INR 19.73 LPA.
...Show More
AT
SB
ICFAI Business School, Mumbai is among the most preferred destinations for many MBA aspirants. It is ranked among the top 25 management institutes in the country and in the top 5 in Mumbai constantly. This is well reflected in the number of students joining each year as well as the recruiters visiting the campus placement. It has an excellent pool of faculty. To make the learning process smooth, IBS offers state-of-the-art facilities to students. As it is located in the finance and industrial capital of India, you will get good placement opportunities and exposure.
The institute has maintained a good placement record over the year. Following are the recent placement highlights.
ICFAI Business School, Mumbai Placements, 2021 -
- The average CTC offered was INR 6.83 LPA. While the highest CTC offered was INR 12.40 LPA.
- More than 95% of students received placements in companies like HDFC Bank, Mygate, ICICI Bank, Kotak Mahindra Bank, TCS, etc.
...Show More
MR
AM
IBS Hyderabad is the better option. It offers better academics. You will get to learn how businesses work from well-experienced faculties. It has good placement record. IBS Hyderabad placements 2021 concluded with an average CTC of INR 7.07 LPA.
IBS Mumbai is also a good option if you are interested in joining Banking jobs. It also has lower course fees compared to IBS Hyderabad.
...Show More
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