IBS MBA Admission 2024: 4000+ MBA Seats in 9 ICFAI B-Schools in Niche Programmes offered at Moderate Fee with Strong Placements; Candidates can Apply with CAT, XAT, NMAT, GMAT Exams

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MBAUniverse.com News Desk |
January 5, 2024
ICFAI Business Schools offer 2 years full time MBA/PGPM programme at moderate fee with strong placements on course completion. For MBA Admission 2024, all the 9 ICFAI B-Schools at Hyderabad, Gurgaon Mumbai, Ahmedabad, Pune and others, have opened application with CAT, XAT, NMAT, GMAT exams as their own exam IBSAT 2023 has got over. The Selection process is scheduled from February 10 to 18, 2024
IBS Admission 2024

ICFAI Hyderabad, an AACSB Accredited and UGC recognized university has opened second phase of its MBA Admission 2024 through CAT, XAT, NMAT and GMAT exam scores. ICFAI has already closed its application through IBSAT 2023 exam which was conducted on December 23-24, 2023. The MBA admission at eight other campuses of ICFAI B-schools also closes simultaneously. IBS Admission 2024 for the MBA and PGPM programs offered by 9 ICFAI Business Schools will be now done through the CAT/GMAT/NMAT exams, as the IBSAT 2023 entrance exam has got over. IBS will conduct its selection process from February 10 to 18, 2024 for MBA admission 2024.

IBS (ICFAI Business School) MBA & PGPM Admission 2023: Apply Now

ICFAI B-schools Admission 2024: Application Opens with National Exams
Following candidates are the IBSAT exempted category applicants and can apply with National Level Tests instead of IBSAT Exam and are exempted from writing IBSAT-2023 test

  • GMAT™with score of 500 and above
  • CAT with score of 60 percentile and above
  • NMAT by GMAC™ with 150 score and above
  • XAT with 60 percentile and above

The candidates can also explore the admission opportunity in ICFAI Business schools at a score lower than above as ICFAI University considers other parameters apart from the exam score cut off.

There are 4000+ MBA seats in 9 campuses of ICFAI B-schools – IBS Hyderabad, IBS Gurgaon, IBS Bangalore, IBS Mumbai, IBS Pune, IBS Kolkata, IBS Ahmedabad, IBS Dehradun and IBS Jaipur with an alumni base of 66000. Final Admission process for IBS Hyderabad admission 2024 and 8 other ICFAI Business Schools will begin simultaneously with the selection briefings in January 2024.

The application form is common for admission to MBA/PGPM programs offered at IBS Ahmedabad, IBS Bengaluru, IBS Gurgaon, IBS Hyderabad, IBS Dehradun, IBS Jaipur, IBS Kolkata, IBS Mumbai and IBS Pune campuses and PhD program (full-time/part time) at IBS Hyderabad campus. Candidates can apply Online or Offline

Read this article below to check key IBS USPs, bouquet of MBA programmes offered, IBS MBA Fees, Placements, Intake, IBS MBA admission criteria, Important Dates for IBS MBA admission 2024 among other details

Table of Contents
In this article, we shall cover:

  1. IBS Key Highlights and USPs
  2. IBS MBA Fees, Programmes offered & Intake
  3. IBS Placement 2022-campus wise
  4. IBS Scholarships
  5. IBS Admission Criteria 2023: Key Points & Step by Step Process
  6. How to Apply for IBS MBA Admission 2023
  7. IBS MBA Eligibility Criteria
  8. Important Dates for IBS MBA Admission 2023
  9. Non ICFAI Category B-Schools Accepting IBSAT Score

Let us start with why you should consider and to apply for ICFAI Business School admission alongwith other top B-schools.

1. ICFAI Business Schools: Key Highlights & USPs

1.1 IBS Hyderabad Ranked Among Top B-schools: ICFAI Business School (IBS)-Hyderabad is a constituent of the ICFAI Foundation for Higher Education (IFHE), a Deemed University as per the UGC Act 1956. Established in 1985, IBS-Hyderabad is one of the top business schools in India. IBS Hyderabad is ranked #40 in Government of India, MHRD NIRF Ranking 2023 among top 125 Management Institutes of India.

1.2 Top Accreditations: IBS-Hyderabad is Accredited by AACSB International, the top international accreditation body. ICFAI Hyderabad is also among the first three B-Schools from South Asia which are SAQS accredited by AMDISA. IBS Hyderabad was among the first B-Schools to be graded by CRISIL with a grade of A** at the national level and A ***at the state level.

1.3 Nine IBS Colleges with 4500+ MBA Seats Offer Quality Education: The 9 IBS Institutes located in Hyderabad, Mumbai, Pune, Kolkata, Gurgaon, Jaipur, Dehradun, Ahmedabad and Bangalore (Off campus of IBS Hyderabad) are governed by ICFAI Foundation and are known for excellence in management education. IBS Institutes develop the resources with right set of knowledge, skills and attitudes to meet the requirement of the corporate world

 1.4 Concept of IBS TRICK:  As a business school known for excellence in education, IBS Hyderabad has the vision to develop lifelong resources to the industry by integrating teaching, research, institution building, knowledge sharing and community development (coined as IBS TRICK). 

1.5 Moderate IBS Fees: Two years MBA/PGPM programme fee at 9 different campuses of ICFAI B-schools is in the range of Rs.9 lakhs to 16 lakhs which is lower than many top B-schools

1.6 Strong IBS Placements: All the nine campuses of ICFAI B-schools have registered consistently strong placements over the years. Average Placement 2023 in IBS colleges is in the range of 7 to 10 LPA.

1.7 Top Recruiters: Prominent companies participated in placement 2023 at the IBS campuses. Some of them are PwC, Deloitte, BYJU’s, ICICI Bank, TCS, Wipro, JP Morgan, KPMG, Ernst & Young, L&T, Tata AIG, Tech Mahindra, Vedantu, ZF India, Zycus

1.8 Qualified and Experienced Faculty: ICFAI B-schools have faculty members pool with a blend of strong academic experience and strong industry experience which ensures rich learning. The ICFAI Business Schools believe that return on investment (ROI) depends on return on knowledge (ROK)

1.9 Course Design: The courses at IBS B-Schools are designed to help bridge the gap between management theory and practice. IBS B schools provide good academic delivery and infrastructure to its students. The two year full time management program prepares students to accept the challenges in future and equip them for successful corporate careers.

IBS (ICFAI Business School) MBA & PGPM Admission 2023: Apply Now

2. IBS MBA Fees, Programmes Offered, Seats
The management programmes offered by 9 ICFAI B-schools are different at different campuses. While MBA program is offered by IBS Hyderabad, IBS Bangalore (Off campus of IBS Hyderabad), IBS Dehradun and IBS Jaipur, the PGPM (Post Graduate Program in Management) program is offered at IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune campuses.

ICFAI Business Schools offer General MBA degree as well as MBA in Financial Economic and Family Business to their students.  These nine campuses of IBS B schools have 66000 alumni with strong interface to industry, which help in continuous student industry interaction and good placement. Apart from the 2 years MBA/PGPM programmes, IBS offers the 4-year Ph. D program (Full Time/Part Time) at IBS Hyderabad

Below are shared the key details about the IBS MBA Fees, programmes offered, and Seats campus wise

ICFAI Business School
Programme Offered
IBS MBA Fees (Rs.in Lakhs)
Seats
MBA
16.02
1260
PGPM
  9.09
1000
MBA
12.06
  500
PGPM
  9.09
  600 
PGPM
  9.09
  500
PGPM
  9.09
  200
PGPM
  9.09
    60
MBA
  6.03
  360
MBA
  6.03
  200

2.1 IBS MBA Fees Concession: Offered at IBS Jaipur & Dehradun
The candidates selected for the MBA program of IBS Dehradun and IBS Jaipur who are from the respective state will be awarded fee concession of Rs.50,000. The fee concession will be given in five equal installments. The students have to produce domicile certificate from the Tahsildar/MRO/ Municipality Office.

3. IBS Placements 2023
ICFAI business schools have recorded consistently strong placements over the years. Campus wise placements 2023 in IBS colleges are shared below

ICFAI Business School
Average Salary Rs. in Lakhs)
Highest Salary (Rs. in Lakhs)
10.42
58.19
  8.17
18.19
  7.42
12.58
  7.55
12.00
  7.59
56.55
  7.41
  8.50
  7.30
13.00
  8.53
23.31
  6.39
23.00

3.1 Top Recruiters in IBS Placements 2023
Prominent companies participated in placement 2023 at the IBS campuses. Some of the marquee recruiters include PwC, Deloitte, BYJU’s, ICICI Bank, TCS, Wipro, JP Morgan, KPMG, BlackRock Services, ICICI Securities, Ernst & Young, Planet Spark, Genpact, Evalueserve, ICICI Prudential Life Insurance, CB Richard Ellis, IDFC First Bank, Axis Bank, Bright Champs, Credit Agricole, L&T, JARVIS, LIDO, Maruti Insurance, Nielsen, No Paper Forms, Practo Technologies, S&P Global, Saint Gobain Glass, Tata AIG, Tech Mahindra, Vedantu, ZF India, Zycus

4. IBS Scholarships
IBS offers IBSAT-2023 scholarships to the top performers in the IBSAT test to be held in the 3rd week of December, 2023. Candidates applying for admission to MBA/PGPM program and appearing for IBSAT test in December 2023 are only eligible to be considered for scholarship.

IBS offers scholarships for top performers in the following categories:-

  • IBSAT 2023
  • Wards of Defense Personnel (Serving / Retired) from Army, Airforce, Navy and Paramilitary forces.
  • Wards of IBS Alumni
  • Physically challenged candidates

Scholarships Worth Rs 10 Crores

SCHOLARSHIPS FROM IBSAT 2023 TEST
For toppers in IBSAT-2023
For Wards of IBS Alumni
For Physically Challenged Candidates
 Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy and Paramilitary Forces

5. IBS MBA Admission Criteria 2024: Key Points & Step by Step Process
Here are the key highlights of IBS Admission 2024 process:

5.1. IBS MBA Admission 2024: Acceptable Entrance Exams
All the 9 campuses of ICFAI Business Schools will accept following exam score for admission 2024

5.1.1. IBSAT 2023: Exam Over on December 23 & 24, 2023
Gateway to IBS MBA Admission, IBSAT is the MBA entrance exam for admission to IBS Hyderabad and 8 other ICFAI B-schools. IBSAT 2023 exam was conducted on December 23 & 24, 2023. It was a computer based test of two hours duration.

  • IBS Aptitude Test (IBSAT) 2023 is conducted by ICFAI Foundation for Higher Education (a deemed to be University).
  • All the nine campuses of ICFAI Business School (IBS) accept IBSAT 2023 exam score and national exam scores for MBA admission 2024
  • Last date to apply for IBSAT 2023 was December 20, 2023

5.1.1.2 IBSAT 2023 Exam Pattern

The online IBSAT 2023 exam consists of all important topics on Verbal Ability, Reading Comprehension, Quantitative Ability, Data Interpretation & Data Sufficiency. Interestingly, the Verbal Ability and Reading Comprehension are two separate sections in IBSAT exam. The number of questions in each section is shared below:

Sections
No. of Questions
Verbal Ability
50
Reading Comprehension
30
Quantitative Ability
30
Data Interpretation & Data Sufficiency
30
Total
140
  • IBSAT is of moderate difficulty level exam. 
  • IBSAT  is comprehensive multiple choice question (MCQ) examination with a two hours duration
  • Major share in the examination is consumed by Vocabulary (English) and reading comprehension with more than 50 percent questions 

5.1.2 IBS MBA Admission 2024: Application is open with CAT/NMAT/GMAT Scores
ICFAI Business schools also offer admission opportunity through CAT/NMAT/GMAT scores.

  • Scores from 2021 onwards for CAT/ NMAT by GMAC/GMAT/ SNAP/ XAT/ MAT/ CMAT/CET (Maharashtra) and any other State Level Test are accepted for admission
  • Candidates with high scores in any of the above exams do not require to appear in IBSAT 2023 and may apply for MBA admission in ICFAI B-schools directly.
  • The candidates should apply with their CAT, NMAT by GMAC or GMAT scores by March 31, 2024. They can update scores online. On updating of scores, Selection process call letter will be issued.  

5.1.3 IBS MBA Admission 2024: Selection Process for Applicants

  • Candidates who have qualified are called for the selection process at 9 IBS campuses at IBS Hyderabad, IBS Ahmedabad, IBS Bengaluru, IBS Gurgaon, IBS Dehradun, IBS Jaipur, IBS Kolkata, IBS Mumbai and IBS Pune in February/March 2024
  • The selection process comprises of Group Discussion and Personal Interview
  • The final selection is based on past academic record and performance of the candidates in Group Discussion and Personal Interview
  • IBSAT 2023 results are announced in January first week and based on their scores in IBSAT, the qualified candidates are called for briefing sessions
  • After the briefing sessions, the candidates have to present themselves for next round of selection process comprising Group Discussion and Personal Interview. Apart from the foregoing, past academic record will also be taken into account before final selection.

6. How to Apply for ICFAI Business Schools Admission 2024?
You can apply online or offline for ICFAI Business Schools Admission 2024. Also, you need to appear in IBSAT 2023 with the same fee of Rs.1800. If you wish to apply with your CAT/NMAT/GMAT exam and do not wish to appear in IBSAT for ICFAI Business Schools Admission 2024, you will need to update your exam score. Online and Offline Application process is as below:

6.1 Apply Online

  • You may apply online by clicking the application link and providing your Personal and contact details.
  • On submission of your details you will be guided to the payment page.
  • On payment of requisite amount, a confirmation email will be sent to the email id provided by you.
  • You will receive hard copy of the IBSAT Bulletin within one week.

6.2 Apply Offline

  • IBSAT bulletin is available at IBS marketing offices located across India
  • You may locate your nearest branch by clicking the admission link at IBS admission website and purchase the Bulletin by paying the requisite application fee of Rs.1800/- in cash.

IBS (ICFAI Business School) MBA & PGPM Admission 2023: Apply Now

7. IBS MBA Eligibility for Admission 2024
IBS MBA eligibility requirements for admission 2024, prescribed by ICFAI Foundation for Higher Education are:

7.1 Graduate in any discipline
Minimum eligibility criteria required is the graduation in any discipline with not less than 50 percent marks. The candidates in their final year of graduation are eligible to apply provided they are able to complete their graduation including any type of practical etc. examination before May 31, 2024. 

7.2 15 years of minimum education till graduation
Candidate must have gone through minimum 15 years of regular education i.e. 10+2+3 or 10+2+4 basis.

7.3 English Medium Education needed or submit TOEFL/NELT/IELTS scores
Candidates applying for IBS admission 2023 should ensure that they have studied with English as medium of instruction. Applicants not meeting the criteria of English as medium of instruction at undergraduate level are supposed to submit the TOEFL/NELT/IELTS score by May 31, 2024.

8. Important Dates for ICFAI Business Schools Admission 2024
Admission 2024 application process for 9 campuses of ICFAI Business schools is open. Below are the key dates for IBS admission 2024

ICFAI B-School Admission 2024 Activity
Important Dates
IBS MBA Admission 2024 Application process Starts with CAT/GMAT/ NMAT score
July 1, 2023
IBS MBA Admission 2024 Last Date to Apply for IBSAT 2023
December 16, 2023
IBSAT 2023 Exam Date
December 23 & 24, 2023
IBSAT 2023 Result Date
January first week, 2024
Selection Briefings
January 2024, 2nd week
Selection Process Start & End dates
February/March 2024

9. Non ICFAI Category Top Colleges Accepting IBSAT Score
While IBS Hyderabad is the most preferred MBA college among all the 9 campuses of ICFAI Business schools and MBA aspirants exercise IBS Hyderabad as their first preference, other management institutes in Non-ICFAI category which also accept IBSAT score are

IBS (ICFAI Business School) MBA & PGPM Admission 2023: Apply Now

MBA college Accepting IBSAT Score

Hope you found this article helpful with the details on USPs, fee, intake, placements and step by step admission process of ICFAI business schools. It will help you in taking a right decision on MBA admission 2024. Application process at IBS colleges is open. Apply Now

Stay tuned to MBAUniverse.com for more updates on IBS Hyderabad and other ICFAI Business Schools 

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