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IBS Mumbai PGPM : Fees 2025, Admission Dates, Course Duration, Eligibility

Mumbai, Maharashtra

Private College

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Post Graduate Programme in Management [PGPM]

Course Fees

Course Duration

2 Years

Total Fees

9.09 Lakhs

Detailed Fees

general

Total Fees	₹9.09 Lakhs

Course Information

Eligibility Criteria

Aspirants seeking admission to the program should meet the following criteria as

Academic Requirement:

Graduation (any discipline) with 50% and above marks with medium of instruction as English.
All applicants should have completed a minimum of 15 years of education (on 10+2+3 or 10+2+4 basis).
Candidates not meeting the eligibility criteria of English medium in graduation have to submit the TOEFL/ NELT/ IELTS score by May 31, 2025.
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, 2025. The admission will remain provisional until they produce marks sheets and degree certificates establishing their eligibility. The last date for submission of proof of graduation is November 01, 2025.

Selection Process

Candidates who have qualified based on IBSAT 2024/CAT/NMAT by GMAC™/XAT/GMAT™ score called for the selection process during February/March 2025.

The selection process comprises Micro Presentation and Personal Interview.

Admission decision

The final selection is based on past academic record and performance of the candidates in Micro Presentation and Personal Interview.

Course Details

Latest Update: IBS Mumbai MBA admissions are based on IBSAT. The IBSAT 2024 registrations have started for 2025 admission and the last date to register is expected to be in the third week of December 2024.

IBS Mumbai offers admission to the MBA program based on the valid score obtained in the IBSAT/ CAT/ NMAT by GMAC/ SNAP/ XAT/ MAT/ CMAT/ CET (Maharashtra) and any other State Level Tests. Based on the valid entrance test score candidates will be shortlisted & called for GD & PI session conducted by IBS Mumbai.

For admission to MBA 2025, IBS Mumbai has set a minimum of 50% weightage to the past academic record for the shortlisted candidates. 25% of weightage has been granted each to GD & PI sessions. The final selection process includes past academic records and performance in Group discussions and Personal Interview rounds.

During IBS Mumbai Placements 2023, 98% students got placed. The highest international & national salary package stood at INR 11.13 LPA & 18.80 LPA respectively. Some of the prominent recruiters of IBS Mumbai are BYJU’s, KPMG, EY, pwc, ICICI Securities.

Check: Which is better, IBS Hyderabad or IBS Mumbai?

Table of Content

IBS Mumbai Key Facts
IBS Mumbai Important Dates 2025
IBS Mumbai MBA Fees
IBS Mumbai Eligibility Criteria
IBS Mumbai Selection Criteria
IBS Mumbai IBSAT Cutoff
IBS Mumbai CAT Cutoff marks
How to apply for IBS Mumbai MBA program?
IBS Mumbai Placements
IBS Mumbai FAQs

IBS Mumbai Key Facts

IBS Mumbai is a constituent of IFHE (ICFAI Foundation for Higher Education), a Deemed-to-be- University under Section 3 of the UGC Act, 1956.
IBS Mumbai accepts valid scores achieved in CAT/ NMAT by GMAC/ SNAP/ XAT/ MAT/ CMAT/ CET (Maharashtra). If a student does not appear in any of the mentioned entrances may appear in IBSAT.
The final selection process comprises qualified entrance test scores, academic qualification, GD & PI rounds.
IBS Mumbai charges a total amount of INR 9.09 Lakhs for the MBA program.
During IBS Mumbai Placements 2023, the highest international & national salary package stood at INR 11.13 LPA & 18.80 LPA.

Check: What is review of ICFAI Business School, Mumbai?

IBS Mumbai Important Dates 2025

IBSAT Events	Dates
IBSAT 2024 Application	July 01, 2024 – 3^rd Week of December 2024
IBSAT 2024 Test Dates	December 28 – 29, 2024
IBSAT 2024 Results	1^st Week of January 2025
Selection Briefings	2^nd Week of January 2025
Selection Process for MBA/ PGPM Program	January/ March 2025

PGPM Events	Phase 1 Dates (Tentative)	Phase 2 Dates (Tentative)
Application Process Starts	February 22, 2025	April 08, 2025
Application Process Ends	April 02, 2025	April 26, 2025
Selection Process	April 6 – 7, 2025 (At IBS Ahmedabad, IBS Bangalore, IBS Dehradun, IBS Gurgaon, IBS Jaipur, IBS Hyderabad) April 7 – 8, 2025 ( At IBS Kolkata)	April 28, 2025
Selection Process Results	April 13, 2025	April 30, 2025

IBS Mumbai MBA Fees

The total fee of IBS Mumbai MBA program is INR 9.09 Lakhs.
In addition, students have to pay Rs 10,000 as a refundable caution deposit along with the 1st installment of the fee across all the campuses.

Check: IBS Mumbai Courses & Fees

IBS Mumbai Eligibility Criteria

Aspirants seeking admission to the Program should meet the following criteria as

Academic Requirement:

Graduation (any discipline) with 50% and above marks (as calculated by respective University) with the medium of instruction as English.
All applicants should have completed a minimum of 15 years of education (on a 10+2+3 or 10+2+4 basis).
Candidates not meeting the eligibility criteria of English medium in graduation have to submit the TOEFL/ NELT/ IELTS score by May 31, 2025.
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, 2025. The admission will remain provisional until they produce marks sheets and degree certificates establishing their eligibility. The last date for submission of proof of graduation is November 01, 2025.
Eligibility criteria will be checked from August 2023 onwards. Hence, the onus of ensuring that they satisfy the eligibility criteria rests solely with the candidates.

Check: Is IBS Mumbai good for PG in Finance or BIMTECH Greater Noida?

IBS Mumbai Selection Criteria

Candidates who have qualified based on IBSAT 2023/ GMAT® /NMAT by GMACTM/CAT score are called for the selection process at IBS Hyderabad during February 10 - 18, 2025.
The selection process comprises Group Discussion and Personal Interviews.

The different parameters of the final shortlisting process of IBS Mumbai with their weightages are noted down below:

Components	Weightage
10th	10
12th	15
Graduation	25
Group discussion	25
Personal Interview	25
Total Score	100

IBS Mumbai IBSAT Cutoff

Mentioned below are the required IBSAT percentile for the MBA program:

Entrance Test	Category	Expected Cutoff
IBSAT	General	70-75

IBS Mumbai CAT Cutoff marks

Entrance Exam	Category	Verbal & Reading Comprehension	Data Interpretation and Logical Reasoning	Quantitative Aptitude	Total
CAT	General	40%	40%	40%	70%

Check: IBS Mumbai Cutoff

How to apply for IBS Mumbai MBA Program?

Registration for the PGDM program of IBS Mumbai can be done online by visiting the https://admissions.ibsindia.org/IBSAT2019/registration/. To fill out the application form correctly, follow the given steps:

Visit the official website of IBS and register.
Login, register and fill in all the required credentials.
Pay the application of INR 1800 by Credit/ Debit card or through Net-Banking,
After the transaction, you will receive an e-mail regarding the application number and password.
IBSAT bulletin will be dispatched by IBS within seven days from the date of filing the application form.

IBS, Mumbai can be contacted at

Hiranandani Knowledge Park

Off Technology Street, Hiranandani Gardens

Powai, Mumbai-400076

Check: IBS Mumbai Admission

IBS Mumbai Placements 2023

IBS Mumbai recently concluded its 2023 placement drive. A total of 98% students were hired by reputed recruiters. BYJU’s, Deloitte, KPMG, EY, pwc etc are the prominent recruiters of IBS Mumbai. The placement highlights are mentioned below:

Number of students placed : 98%
Highest international salary : INR 11.13 LPA
Highest national salary : INR 18.80 LPA
Top 10% average salary : INR 13.3 LPA
Top 25% average salary : INR 11.01 LPA

Some of the prominent recruiters for summer internships of IBS Mumbai are:

Anand Rathi Securities	Axis Bank	Ernst & Young
Citi Bank	Bank of India	Genpact India
D E Shaw	HDFC Bank	KPMG
J P Morgan	ICICI Bank	Emami
SBI Capital	ITC	Hindustan Unilever

Check: Which college is better: IBS Mumbai or Welingkar Mumbai?

FAQs

Ques. How are the faculty of IBS Mumbai MBA?

Ans. The faculty pool of IBS Mumbai is highly educated & distinguished with high academic credentials. All the MBA faculty has corporate experience closely involved in the personal and professional development of each student.

Ques. Does IBS Mumbai have the proper infrastructure to provide an MBA program?

Ans. Yes, IBS Mumbai has all the basic amenities such as a library with an extensive collection of around 28,000 books, 13 International and 92 National journals and magazines, and more than 2,000 CDs. There are 15 classrooms on two floors, 225 seater auditorium, faculty cabins, separate common rooms for boys and girls, a gym & several other facilities.

Ques. What is the placement scenario of IBS Mumbai MBA program?

Ans. The placement scenario of IBS Mumbai MBA program is pretty good. During the 2022 placement drive, the highest international CTC rose to INR 53.45 LPA and the highest domestic CTC stood at INR 12 LPA whereas the top 25% and 10% students received the average salary package of INR 9.63 LPA and INR 12.07 LPA respectively.

Ques. Does work experience important for the selection in IBS Mumbai MBA program?

Ans. No, work experience is not required for IBS Mumbai MBA program as 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 work experience.

Ques. Does IBA Mumbai have any collaboration or partnership?

Ans. Yes, IBS Mumbai has academic collaboration such as IBS-Venture academy in collaboration with the University of Essex, UK.

Placement

Highest Placement	₹ 20.0 Lakhs
Average Placement	₹ 8.3 Lakhs
Top Companies

College Ranking

Ranking of ICFAI Business School - [IBS]

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Answered Questions

ICFAI Business School - [IBS]: 10 answered questions

Is IBS Mumbai good for PG in Finance or BIMTECH Greater Noida?

Ankit Agrawal

14 Sept 21

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.

What is the order of preference among the following IBS (ICFAI) campuses: Hyderabad, Mumbai, Pune, Bangalore, Jaipur, Ahmedabad, Dehradun, Gurgaon, or Kolkata?

Yash Arora

21 Feb 23

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.

I got selected in IBS Mumbai. Is there a chance for to swap my campus to IBS Hyderabad? I have gotten an 85 percentile.

Gaurav NZ

14 Feb 23

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.

Which B school is better in placement offers as per job roles, IFIM Bangalore, IMI Bhubaneswar, or Kolkata or ICFAI IBS Hyderabad or Mumbai?

Gaurav Yadav

24 Feb 23

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.

Is IBS a good college for an MBA in marketing? Which is the best campus: Hyderabad, Mumbai, or Pune?

Jayant Thakur

24 Feb 23

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.

Which one should I go for, IBS Mumbai or BIMTECH, Noida?

Paulami Choudhary

11 Jun 21

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.

Which one is better, BIMTECH (RM) or IBS Mumbai?

Tithi Aggrawal

19 Apr 23

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)

Which college is better: IBS Mumbai or Welingkar Mumbai?

Neha Mukharjee

04 May 22

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.

What is your review of ICFAI Business School, Mumbai?

Suchitra Banerjee

03 Mar 22

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.

Which is better, IBS Hyderabad or IBS Mumbai?

Archita Mishra

24 May 22

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.