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ICFAI Business School this year has increased the number of scholarships up to INR 10 crores which are disbursed across various categories of candidates. The various categories of candidates include meritorious students, wards of ICFAI Business School (IBS) Alumni, wards of defence personnel, and persons with disabilities.

The reasons for creating these categories for scholarships are:

  • ICFAI Business School (IBS) in 25+ years of its existence produced above 66,000+ Alumni working in India and abroad.
  • The defence personnel striving hard to ensure the nation’s security 
  • Helping persons with disabilities is a part of social responsibility.

ICFAI Business School (IBS) also recorded highest package in placement both in India and abroad in reputed firms like JP Morgan, Goldman Sachs, HDFC, ITC, KPMG, Ernst, and Young, Khimji Ramdas Group, Tolaram Group etc.

ICFAI Business School (IBS) last year introduced Merit scholarships to candidates who have shown exceptional performance in various Management Education Entrance/ Admission Tests. The amount announced was INR 4 crores last year and it is INR 10 crores this year.

The scholarship amount of Rs.10 core will be disbursed under the ICFAI Business School Scholarship program as discussed below:

Merit scholarships for the Class of 2026 IBS aims to award 500 merit scholarships for the class of 2026 to deserving candidates falling under theaforementioned 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 ScholarshipsTo 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-
2023 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's withdrawal from the programme for any reason,
any applicable fee refunds will be calculated after deducting the scholarship sum granted
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.

The scholarship amount will be adjusted in the first and second semesters after the enrolment in ICFAI Business School (IBS) during the payment of the fees. This is also subject to certain terms and conditions.

Apart from the scholarship program, the ICFAI Business School is known for its good placement records every year. ICFAI Business School (IBS) has a dedicated Career Management Cell (CMC) to provide better placements at the campuses every year. It is headed by a Professor and assisted by experienced Managers.

With the scholarship and high package placements, ICFAI Business School (IBS) is hopeful to serve more management aspirants and to transform them into future leaders. To know more visit https://ibsindia.org/.

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