ICFAI Business School – [IBS], Mumbai Overview

IBSAT 2024 Test Update

ICFAI Business School, Mumbai believe in a holistic education for our students and nurture them with vital skills, knowledge and qualities needed to get ahead in this increasingly globalized and competitive corporate world. In addition to the excellent academic delivery, IBS Mumbai offers unparalleled infrastructure to our students.

The institute strive to transform the students to leaders of tomorrow by providing them interaction and mentoring opportunities with the faculty, industry experts and the distinguished alumni, each of whom has rich and vast industry and teaching experience

ICFAI Business School campus covers an enormous space of 150,000 sq.ft. spanning over 4 floors in the prestigious knowledge park. The campus houses 30 learning halls with state- of- art learning aids like smart boards, AV facility and Wi-Fi to enable an enriching learning experience for the students. It also has a fully equipped conference room for MDPs and Seminars.

The pride of IBS Mumbai’s campus is its 500 seater fully air-conditioned auditorium. Well-designed faculty cabins, syndicate and break out rooms facilitate out-of-class interaction and small group activities.

The key architectural feature of the building is its elegant atrium which is used for student activities and team exercises. There are separate common rooms for boys and girls and a 350 sq.ft room for student council activities. We encourage our students to get involved in indoor and outdoor games. For those students who are absolute fitness enthusiasts, we have a proposed 1500 Sq. ft. of well- equipped gymnasium.

Rankings:

IBS Mumbai is ranked 3rd in the category of top leading B-schools of super excellence by CSR-GHRDC B-Schools Survey 2023 published in the November 2023 issue of Competition Success Review.

• Ranked 3rd amongst top leading B-School of Super Excellence

• Ranked 13th amongst top 20 B-Schools (Government and Private) by Faculty, Publication, Research, Consultancy, MDP & Other Programme

• Ranked 14th amongst top 20 B-Schools (Government and Private ) by Placement, (Domestic & International), USP, Social Responsibility, Networking & Industry Interface

Education World Survey 2023:

• 18 All India Rank among top 100 Private B-Schools

• 20th by Business Today
• ‘A++’ by Business India
• ‘A4’ by Business Standard
• 6th among Top B-Schools and ranked 3rd in West zone – Silicon India
• 6th among Top emerging B-Schools of Super Excellence – CSR-GHRDC
• 7th among Top B-Schools in West zone – Careers 360

IBS Mumbai distinguishes itself by the quality of the leaders it produces. Ranked among the top 5 business schools in the Western region, IBS Mumbai was established in 1995 to promote quality management education, research, training and consulting.

Some Unique Initiatives

• IT driven Participant Centered learning through Conceptual Sessions, Cases, Games and Simulations

• Industry partnered Master class series and Jointly curated short certifications

• International Immersion Programs

• Intensive Mentoring of Students

• Deloitte Dialogue – One-of-a-kind conversational session focused on personal branding

• HDFC Joint Certification Program for placement

• “Dimensions”, the International Journal of Management of IBS, Mumbai

• International Conferences

• PACT – Placement Advisory Counselling and Training

• Language Lab, SQL Data Analytics lab and Aptitude Development Center

Courses Offered

PGPM

The PG Program in Management, the program equips the students with the skills, knowledge and strategic perspectives essential to the leadership of business around the world. The program comprises 29 courses (of which 21 are compulsory courses and 8 are elective courses), and a Summer Internship Program. These courses are spread over four semesters. 

The students can pursue elective courses in Marketing, Finance, Human Resource Management, Operations and Information Technology and Systems leading to the respective specialisation.

Specialisation Offered

Please list other specialisations that you are offering:

Seats : 1000 - 2000

PGPM Fee Details

Eligibility

2 year Management Program (PGPM):

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.

IBS Mumbai Admission Dates 2024

To apply for IBSAT 2024, start by registering and paying the Rs 1800 application fee. Next, take the IBSAT test or submit scores from CAT, NMAT by GMAC™, XAT, or GMAT™. Note that IBSAT is an online remote-proctored test. After the test, wait for the results announcement. If shortlisted, you will receive an invitation to the selection process at the IBS campus, which includes Micro Presentation and Personal Interview rounds. Finally, upon successful completion, you will receive admission confirmation and campus allocation.

The admission to IBS Mumbai MBA and PGDM program happens through IBSAT. IBSAT is a Computer Based Test (CBT) and consists of multiple-choice questions. IBSAT is a two-hour exam designed to gauge a candidate's proficiency in quantitative methods, data interpretation, data sufficiency, vocabulary, analytical thinking, and reading comprehension. The important dates for the IBSAT 2024 are given below:

Important dates

How to Apply?

Online Application:

Visit the application portal and complete the form.

Personal and Contact Details: Enter your personal information and contact details.

Confirmation: Submit your details to proceed to the payment page.

Payment: Pay the application fee of Rs 1800.

Receipt: After successful payment, you will receive a confirmation email/sms on your provided email address and phone number.

Bulletin: Within one week of completing the complete application, the applicants will receive a hard copy of the IBSAT Bulletin.

Apply Now

Application Process

The candidates seeking admission to MBA Program at IBS Hyderabad, IBS Bengaluru, IBS Dehradun, IBS Jaipur and PGPM (Post Graduate Program in Management) program offered by IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune have to appear for IBSAT 2024.

Admission Process

The candidates who qualify on the basis of IBSAT/ GMAT^®/CAT/NMAT by GMAC^TM /XAT are called for selection process from 15th to 24th February 2025 at IBS Hyderabad. The final selection is based on performance in Micro Presentation, Personal Interview and the past academic performance (performance in ClassX, ClassXII and graduation).

Last Date to Apply: 3^rd week of December 2024

Selection Process

The Selection Process for admission to the MBA/PGPM programme at our 9 IBS campuses in February 2025 will consist of two components: Micro-Presentation and Personal Interview, each carrying a weightage of 25 marks.

As part of the Personal Interview, each candidate will be interviewed for 5-7 minutes. The Interview Panel will focus on assessing the attitude and aspirations of the candidates, besides evaluating their General Knowledge, communication skills, clarity of thought and expression, as well as aptitude for a career in management.

The Micro-Presentation component aims to provide a focused assessment of a candidate's communication and presentation skills, along with their ability to think and organize thoughts quickly.

Micro-Presentation Overview

Process:

1. Candidates will select a number between 1 and 100. Each number corresponds to a pre-assigned topic.
2. Upon selecting a number, the candidate is provided with the corresponding topic.
3. They will have 1 minute to prepare and then deliver a 3-minute presentation.

Flexibility:

• If a candidate finds the first topic difficult, they may request a second topic by selecting another number between 1 and 100.
• Candidates may choose between one of the two topics but will not be given additional chances.
• The topics are randomised after each selection. Even if a subsequent candidate chooses the same number, they will receive a different topic.

Key Features of the Micro-Presentation

• The Micro-Presentation is an individual exercise, unlike a Group Discussion. Only the presenting candidate will speak, with no interaction or discussion among participants. Candidates will not be posed any questions during or after the presentation.
• Each candidate presents his/her topic before a batch of 9-11 fellow candidates and 2 Panel Members.

Evaluation Parameters

The Selection Panel will assess candidates based on their ability to:

• Think quickly and organize thoughts effectively.
• Present information clearly and concisely within the 3-minute time limit.
• Demonstrate the following qualities:
  • Communication skills
  • Logical reasoning
  • Relevance to the topic
  • Body language
  • Confidence

Guidance for Candidates

Candidates may be advised to:

1. Quickly jot down key points or an outline during the 1-minute preparation time to structure their thoughts.
2. Focus on delivering the most critical and relevant information clearly and succinctly.
3. Practice speaking at a steady pace to fit within the 3-minute limit.
4. Maintain confidence, clarity, and appropriate body language throughout the presentation.

This new format is designed to provide a more effective evaluation of essential skills while ensuring a fair and consistent selection process.

Apply Now

PLACEMENT DETAILS OF CLASS OF 2024

Since its inception, the Mumbai campus has consistently achieved over 90% placement every year. This year, the class of 2024 achieved an exceptional 98% placement rate.

• Highest CTC: ₹20.00 Lakhs per annum (National)
• Highest CTC:  ₹18.00 Lakhs per annum (International)
• Average CTC: ₹8.30  Lakhs per annum
• Average CTC (Top 10%): ₹13.56 Lakhs per annum
• Average CTC (Top 25%): ₹11.45 Lakhs per annum

Top Recruiters : –

Recruiters list : –

Alumni :

• IBS Alumni are working in over 900 blue chip companies and are spread out across the World.

Parag Jain | Class of 2001 | IBS Mumbai -

Parag is an alumnus from the Class of 2001 of IBS Mumbai. He completed Bachelor Degree in commerce before joining IBS. He is at present working with ADVENTITY BPO FZ LLC as a Vice President and is based at Dubai. He has been associated with Network International as Sr. Project Manager and prior to that he was working for Emirates Bank.

Pooja Awasthi | Class of 2004 | IBS Mumbai -

Pooja is an alumna of Class of 2004 of IBS Mumbai. She completed her Bachelor Degree in Business Management before pursuing Management education from IBS. Currently she is employed as Relationship Manager with Anand Rathi, one of the biggest Stock Broking organisations of the country. She is presently based in Mumbai, the Business Capital of India.

IBS Mumbai Infrastructure and Facilities

ICFAI Business School campus covers an enormous space of 150,000sq.ft. spanning over 4 floors in the prestigious knowledge park, The campus houses 30 learning halls with state-of-art learning aids like smart boards, AV facility and Wi-Fi to enable an enriching learning experience for the students, it also has a fully equipped conference rooms for MDPs and Seminars.

The pride of IBS Mumbai’s campus is its 500 seater fully air-conditioned auditorium. Well-designed faculty cabins, syndicate and break out rooms facilitate out-of-class interaction and small group activities.

The key architectural feature of the building is its elegant atrium which is used for student activities and team exercises. There are separate common rooms for boys and girls and a 350 sq.ft room for student council activities. We encourage our students to get involved in indoor and outdoor games. For those students who are absolute fitness enthusiasts, we have a proposed 1500 Sq. ft. of well- equipped gymnasium.

Facilities

ICFAI Business School (IBS) Scholarships :

ICFAI Business School (IBS) offers scholarships worth Rs 10 Crores exclusively for top performers in the IBSAT-2024 test, scheduled for December 28-29, 2024.

Eligibility Criteria

• For Toppers in IBSAT Candidates who secure top ranks in IBSAT 2024 
• For Wards of IBS Alumni 
• For Physically Challenged Candidates 
• For Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces.

IBS aims to award 500 merit scholarships for the class of 2027 to deserving candidates falling under the aforementioned categories. Each scholarship amounts to Rs 2 lakh per candidate, with the flexibility of adjusting Rs 1 lakh each in the first and second term installments against the program fee.

Terms and Conditions for Scholarships

To avail themselves of these prestigious scholarships, candidates must fulfill the following terms and conditions:

1. Eligibility: Scholarships will only be offered to candidates who have appeared for the IBSAT- 2024 test and have successfully qualified.
2. Admission and Registration: Students must complete the admission process, pay the requisite admission fee, and register on the specified date to be eligible for the scholarship.
3. Applicability: The awarded scholarship amount can be adjusted solely against the program fee and payment and cannot be utilised for any other purposes or fees.
4. Withdrawal Policy: In the event of a student withdrawal from the program for any reason, any applicable fee refunds will be calculated after deducting the scholarship sum granted earlier

Details of Alumni Network

IBS-Mumbai has a total alumni count of 13,277. Together with other IBS campuses, the alumni network exceeds 70000 members, creating a robust and supportive community. Active alumni maintain their connection with the institution through a dedicated portal https://ibsindia.org/IBSAF/alumni.php

List of your Top Alumni

List of Top Companies Where Alumni is Working

Contact

IBS Mumbai

Hiranandani Knowledge Park,

Opp Hiranandani Hospital.

Off Technology Street,

Hiranandani Gardens,

Powai, Mumbai – 400076, Maharashtra

Phone: 022-40434343

Fax      : 022-25700866

Email  : [email protected]