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IBS Mumbai - ICFAI Business School

  • Mumbai (Maharashtra)
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ICFAI Business School, Mumbai Mumbai Latest Update

August 11, 2023 1:47 PM

The IBSAT 2023 national mock test (NMT) is now available on the IBSAT website. Candidates can take the mock test until August 31, 2023. 

August 9, 2023 2:28 PM

IBS Mumbai admission 2023 is open for the PGPM programme. 

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IBS Mumbai Overview

Registrations for IBS Mumbai admission 2023 is open for postgraduate courses. ICFAI Business School offers admission to Postgraduate Diploma Programme in Management (PGPM). The last date for registration will be announced later in the month of December 2023. The IBS Mumbai course is offered for a duration of two years based on the student’s performance in various entrance examinations. ICFAI Business Studies Aptitude Test (IBSAT) 2023 will be conducted on December 23 - 24,2023. The results will be announced in the first week of January.  Students who have scored valid marks in CAT, XAT, GMAT and NMAT by GMAC are eligible to apply for admission. 
ICFAI Business Studies Mumbai is a popular management college located in Mumbai, Maharashtra. The institute offers excellent faculty, infrastructure and nurturing environment to the students. The statistics of  IBS Mumbai placement 2023 have shown the number of opportunities offered to PGPM students. The institute has secured a 98% placement rate for the academic year 2023. 

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ICFAI Business School Mumbai Courses and Fee Structure

The Post Graduate Programme in Management (PGPM) at IBS Mumbai is a two-year, full-time residential programme. ICFAI Business School course offered with 12 specialisations. The PGPM programme at IBS Mumbai is taught by a faculty of experienced and accomplished academics and professionals. Students can go through the IBS Mumbai courses and fee structure along with the eligibility criteria required for admission in the table below. 

IBS Mumbai Courses and Fees 


Total Fees 


PGPMRs 9.9 Lakh

Graduation: 50%


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IBS Mumbai Admission 2023

IBS Mumbai admission 2023  is open for the PGPM programme. The admission is based on eligibility criteria and performance in entrance exams such as IBSAT, CAT, XAT, GMAT and NMAT by GMAC. The deadline for application to ICFAI Business School admission 2023 is the third week of December 2023.  Students who qualify for the eligibility will be called for the selection process to be held in February/March 2024.  Aspiring students can check out the admission schedule and  IBSAT 2023 exam date in the table below. 

IBS Mumbai Admission Dates 2023

Application SubmissionJuly 01, 2023 - 3rd week of December 2023
IBSAT 2023 exam dateDecember 23 – 24, 2023
IBSAT 2023 result date1st Week of January 2024
Selection Briefings2nd Week of January 2024
Selection ProcessFebruary/March 2024
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IBS Mumbai Placement 2023

The IBS Mumbai placement 2023 season for the PGPM programme was a successful one. The IBS Mumbai average salary offered for PGPM graduates was Rs 8.17 LPA. For more details, students can check the statistics of ICFAI Business School Placement 2023 in the table below. 

IBS Mumbai Placement 2023 Statistics

Highest Package Rs 18.80 LPA
Average Package Rs 8.17 LPA
Top Recruiters ICICI Bank, PWC SDC, Kotak Mahindra Bank, Bank of America KPO, National Stock Exchange, EY GDS, DBS Bank Ltd., Home First Finance India Pvt. Ltd., Deloitte Tax Services, HDFC Bank, Tata Capital
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IBS Mumbai Highlights

IBS Mumbai is a popular institution for its PGPM programme. The college offers good internship and placement opportunities. Check some more key facts about the college in the table below. 

ICFAI Business School Mumbai Highlights

Establishment year 1995 
Ownership TypePrivate
LocationMumbai, Maharashtra
No. of courses offered1
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IBS Mumbai Scholarship 2023

The IBS Mumbai scholarship is offered on a merit basis to the students who appear for IBSAT 2023. IBS Mumbai is offering a total of 10 crores worth of scholarships of which 500 merit scholarships are being offered. The IBS Mumbai merit scholarship amount would be adjusted to one lakh rupees each in the 1st and 2nd-semester instalments against a fee payable by the students. Students can check out the scholarships offered by ICFAI Business School Mumbai for the academic year 2023-24.  

IBS Mumbai Scholarship Scheme 2023

Scholarship NameEligibility CriteriaAmount of Scholarship
Merit Scholarships from IBSAT 2023 TestIBSAT 2023 Top performers/Wards of Defence Personnel (serving or retired) from Army/Airforce/Navy and Paramilitary forces/Wards of IBS Alumni/Physically Challenged CandidatesRs 2 Lakhs per candidate
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IBS Mumbai Campus Facilities & Infrastructure

  • AC Classrooms
  • Auditorium
  • Cafeteria 
  • Library
  • Laboratory
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IBS Mumbai Awards & Rankings

  • CSR – GHRDC B-School Survey – 2017: 8th Rank in Leading B-Schools Super Excellence Category
  • SILICON INDIA: ’What if not IIM’s B-Schools Survey – 2018’ –All India 4 th Rank in A+++ Category Academic Excellence 4 th Rank All India Industry Interface 3 rd Rank All India
  • 2nd Rank – West Zone
  • Careers 360 B-Schools Rankings 2018 AA+
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ICFAI Business School (IBS), Mumbai Top Courses & Fees

PGPM1 CoursesAnnual Fee4,54,500

ICFAI Business School (IBS), Mumbai Faculty

Related Questions


riya, Student / Alumni

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FAQs about ICFAI Business School (IBS), Mumbai

Is IBS MUMBAI a government college?

IBS MUMBAI is Private college.

Can I get admission at IBS Mumbai without appearing for IBSAT 2023?

Yes, candidates can apply with scores from 2021 onwards of GMAT/CAT/ NMAT by GMAC/XAT for admission to PGPM at IBS Mumbai without appearing for IBSAT 2023. However, these students will not be considered for the merit scholarships provided by the institute based on IBSAT 2023. 

When will the IBSAT 2023 results be declared?


The IBSAT 2023 results will be declared in the first week of January 2024.


What is the last date for applying for IBSAT 2023?


The last date for applying for IBSAT 2023 is third week of December 2023.


What is IBSAT?

IBSAT stands for IBS Admission Test, which is a computer-based test conducted by ICFAI Business School (IBS) for admission to its postgraduate programmes such as PGPM. IBSAT 2023 will be held in the fourth week of December 2023. IBSAT 2023 will contain 140 multiple-choice questions in four sections, verbal ability, reading comprehension, quantitative ability and data adequacy and interpretation. No negative marking will be done in the test. Also, a mock test will be conducted for students to get familiar with the exam pattern.

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ICFAI Business School (IBS), Mumbai Contact Number, Address & Location Map, Mumbai