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ICFAI Business School | Everything About IBS, Admission, Fees, and Eligibility

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IBS

ICFAI Business School (IBS) has emerged as a leading institution in the field of management education in India since its inception in 1995. With its headquarters nestled in the scenic surroundings of Dontanapalli, Shankarpally Road in Hyderabad, IBS has earned its reputation as a distinguished business school with a commitment to academic excellence and holistic development. 

About ICFAI Business School (IBS)

Renowned as one of the finest B-schools in India, IBS has consistently delivered exceptional academic excellence and state-of-the-art infrastructure to its students since 1995.

As a constituent of the ICFAI Foundation for Higher Education (IFHE), IBS Hyderabad holds the esteemed status of a deemed-to-be university under the UGC Act, 1956. The institute’s flagship offerings include the two-year full-time MBA program and a comprehensive Ph.D. program.

With campuses spanning Ahmedabad, Gurgaon, Kolkata, Mumbai, and Pune, IBS offers immersive two-year management programs, preparing students for triumphant corporate careers. These campuses operate as independent professional institutions, driven by academic excellence and industry relevance.

So far, more than 66,000+ alumni have passed out from IBS campuses across India and are spreading the word about IBS’s help to them in the world of business and management.

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ICFAI Business School (IBS): Ranking and Highlights

Given below is a breakdown of the rankings earned by IBS in its history.

  1. Ranked 1st in the South Private Business Schools—Times B School Ranking Survey 2023

  2. Ranked 5th amongst all India private B schools in the Education World Best B School Ranking Survey 2023

  3. Ranked 12th Among Top Private B-Schools in India—Business India Best B School Survey 2023

  4. Ranked 3rd Among Top 100 Pvt. B Schools, Times B-School Survey 2023

  5. One of the First Business Schools to Be Re-Accredited—by SAQS, AMDISA—in 2020, valid until 2023

Eligibility and Admission Process at IBS

As 2024 is about to bring you empty seats in top business schools, you could be the one who just wants to seize the opportunity at ICFAI Business School!

The eligibility criteria include:

  • Graduation in any discipline with 50% and above marks.
  • All applicants should have completed a minimum of 15 years of education (on 10+2+3 or 10+2+4 basis).
  • Applicants in their final year bachelor’s degree course are also eligible to apply.

The final admission process for IBS Hyderabad and eight other campuses commences right after the declaration of IBSAT results.

And like most other B-schools, applications also will be accepted based on entrance exams like the NMAT, GMAT, and CAT. Some campuses may even evaluate your 10+2 score or graduation marks to provide you with a seat at ICFAI campuses.

Courses and Programs at IBS

Just like different flavors of ice cream, IBS has nine cool campuses, each offering unique programs. For example, if you want to earn a Master in Business, the MBA program is your ticket at IBS Hyderabad, IBS Bangalore, IBS Dehradun, and IBS Jaipur.

Similarly, you can enroll in the PGPM program at IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai, and IBS Pune. So, get ready to explore and learn on this amazing journey to becoming a business leader.

ICFAI Business School Course Fees

ICFAI Business School has awesome courses for you. You can pick the regular MBA/PGPM. Check out the fees to enroll in these programs.

IBS Campus Fee for 2 Years *
(Rs. in Lakhs)
Program
IBS Hyderabad

16.02 L

MBA Program (2024 – 2026)
IBS Bangalore(Off Campus of IFHE)

12.06 L

MBA Program (2024 – 2026)
IBS Ahmedabad  

9.09 L 

 

PGPM Program (2024 – 2026)

IBS Gurgaon
IBS Kolkata
IBS Mumbai
IBS Pune
IBS Dehradun

6.03 L

MBA Program (2024 – 2026)
IBS Jaipur

IBS Scholarship

IBS Offers the scholarship to:

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

Scholarships worth Rs 10 crore
IBS believes in nurturing talent and supporting aspiring business leaders. To realise this vision, the institution has allocated scholarships worth Rs 10 crore to commendable individuals who excel in the IBSAT test, are children of IBS alumni, belong to the physically challenged category, or are from the families of in-service or retired defence personnel from the Army, Air Force, Navy, and Paramilitary Forces.

Merit scholarships for the Class of 2026

IBS aims to award 500 merit scholarships for the class of 2026 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 Merit Scholarships

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

Eligibility: Scholarships will only be offered to candidates who have appeared for the IBSAT-2023 test and have successfully qualified.
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.
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.
Withdrawal Policy: In the event of a student's withdrawal from the programme for any reason, any applicable fee refunds will be calculated after deducting the scholarship sum granted earlier.

IBS continues to set a benchmark for excellence in management education. With its commitment to providing scholarships to deserving candidates, IBS aims to unlock opportunities and create a diverse pool of future business leaders who will contribute to the growth and success of organisations and society as a whole.

IBS Placements and Top Recruiters

Among the recruiter's list of ICFAI Business Schools, the prominent companies include BYJU’s, ICICI Bank, TCS, Wipro, IDFC First Bank, Axis Bank, Tata AIG, Tech Mahindra, and much more.

If we talk about the average salary offered to students during placements, the Hyderabad campus has received some of the highest package offers, with an average salary of around Rs 10.42 CTC. The highest international salary has been reported at Rs 58.19 CTC and the highest domestic salary is Rs. 21.00 CTC. 

Mumbai, Pune, and Jaipur are the other ICFAI Business School campuses that have received the highest placement offers.

 

PLACEMENT DETAILS CLASS OF 2023
Campus   Highest CTC Average CTC
Placements Average CTC National International Top 10 % Top 25 %
Ahmedabad 98% 7.30 8.29 13.00 9.23 8.69
Bangalore 95% 7.42 12.58 -- 9.29 8.73
Gurgaon 95% 7.55 12.00 22.93 11.63 9.90
Hyderabad 95% 10.42 21.00 58.19 17.66 13.97
Kolkata 99% 7.41 8.50 -- 8.42 8.34
Mumbai 98% 8.17 18.80 11.13 13.3 11.01
Pune 99% 7.59 12.00 56.55 10.96 9.47
Dehradun 94% 6.39 8.65 23.00 10.40 8.70
Jaipur 99% 8.53 9.00 23.31 16.99 12.06

Conclusion

ICFAI Business School (IBS) has firmly established itself as a premier destination for management education in India. Through its diverse programs, commitment to excellence, and supportive alumni network, IBS is truly a hub of learning, growth, and transformation. The institute accepts applications based on tough entrance exams. However, the course fee and average salary for alumni vary from one campus to another.

Stay informed, Stay ahead and stay inspired with MBA Rendezvous