IBSAT 2024 Notification
IBSAT 2024 is a Computer Based Test (CBT), consisting of multiple choice questions. IBSAT is of 2 hours duration and is aimed at testing the applicant’s ability in quantitative techniques, data interpretation, data adequacy, vocabulary, analytical reasoning and reading comprehension. IBSAT is conducted by The ICFAI Foundation For Higher Education (Declared as a Deemed-to-be- University under Section 3 of the UGC Act 1956), for students seeking admission to the following
Programs:
- 2-year full time MBA program at IBS Hyderabad, IBS Dehradun and IBS Jaipur and IBS Bangalore (IFHE Off campus).
- 4-year Ph. D program (Full Time/Part Time) at IBS Hyderabad and IBS Bangalore (IFHE Off campus).
- 2-year full time PGPM (Postgraduate Program in Management) at 5 IBS campuses – Ahmedabad, Gurgaon, Kolkata, Mumbai and Pune
Alternatively, scores from 2022 onwards of GMATTM/ CAT / NMAT by GMACTM/ XAT are accepted in place of IBSAT 2024. For PhD Program: IBS Alumni, M.Phil Degree holders and UGC NET qualified candidates are exempted from IBSAT 2024.
Eligibility
For MBA/PGPM program
- 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.
- Eligibility criteria will be checked from August, 2025 onwards. Hence, the onus of ensuring that they satisfy the eligibility criteria rests solely with the candidates.
PhD Program in Management (Full-time/For working Executives):
- Graduation (any discipline) with 50% and above marks with medium of instruction as English and
- Post Graduation in Management (full time with specialization in Marketing/ Finance/ Human Resource Management/ Operations from an UGC approved University) with 55% and above marks or
- Post-graduation (full-time) in Economics, Commerce, Psychology, Sociology, Public Administration, Statistics, and Mathematics or in an allied discipline from a UGC recognized University in India or abroad with 55% and above marks. Candidates who are offered admission are required to undertake the first year MBA courses as a prerequisite to continue in the PhD Program. or
- A Professional qualification like CFA/ CA/ CWA/ CS with 55% and above marks.
- Graduation with 50% and above marks and Post-graduation in Economics or allied discipline with 55% and above marks.
- All applicants should have completed a minimum of 17 years of regular education (on 10+2+3+2 or 10+2+4+2 basis).
- Candidates not meeting the eligibility criteria of English medium in graduation and/ or post graduation have to submit the TOEFL/ NELT/ IELTS score by May 31, 2025.
- Eligibility criteria will be checked from August, 2025 onwards. Hence, the onus of ensuring that they satisfy the eligibility criteria rests solely with the candidates.
MBA/PGPM Program Fee
Campus Fee (2 years)
- IBS Hyderabad – 17,01,000/-
- IBS Bangalore (IFHE Off Campus) – 13,05,000/
- IBS Ahmedabad – 9,09,000/-
- IBS Gurgaon – 9,09,000/-
- IBS Mumbai – 9,09,000/-
- IBS Kolkata – 9,09,000/-
- IBS Pune -9,09,000/-
- IBS Dehradun – 7,02,000/-
- IBS Jaipur – 8,01,000/-
Selection Process : Candidates who have qualified based on IBSAT 2024/ GMATTM /NMAT by GMACTM/CAT/XAT score are called for the selection process during February/March 2025. The selection process comprises of Group Discussion and Personal Interview.
Admission decision : The final selection is based on past academic record and performance of the candidates in Group Discussion and Personal Interview.
Scholarships: IBS announces scholarships worth Rs 10 Crores only on the basis of IBSAT 2024 scheduled in the 3rd week of December for top performers in IBSAT 2024 exam,
Scholarships are as follows:-
– IBSAT 2024
– Wards of Defense Personnel (Serving / Retired) from Army, Airforce, Navy and Paramilitary forces.
– Wards of IBS Alumni
– Physically challenged candidates
For detail insights on MBA at IBS ICFAI Business School visit: https://ibsindia.org/
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