ICFAI Business School (IBS), Mumbai is a private business school established in 1995, operating under the ICFAI Foundation for Higher Education (IFHE), a deemed-to-be university recognised by UGC. The campus is located at Hiranandani Knowledge Park, Powai, Mumbai 400076. AICTE approves the programme.
IBS Mumbai is part of the nine-campus IBS network across India. The Mumbai campus does not hold an independent NIRF rank. IFHE, the parent deemed university, participates in NIRF rankings at the university level.
The campus is in Powai, one of Mumbai’s key knowledge and technology corridors, adjoining the Hiranandani Gardens township and the NITIE campus. Hostel facilities are not available directly on the IBS Mumbai campus.
- PGPM (Post Graduate Programme in Management) - 2 years, full-time, residential-style cohort model. The single flagship programme offered at the campus, with specialisations in Finance, Marketing, Human Resources Management, Operations Management, and International Business.
The total fees for the 2-year PGPM are INR 8.11 Lakhs.
IBS Mumbai PGPM Class of 2025 reported a 95% placement rate. The average package was INR 7.89 LPA and the highest domestic offer reached INR 20 LPA. Over 300 companies participated in the placement process.
IBS Mumbai Admission Dates 2027
Admissions to IBS Mumbai for the PGPM 2027-29 batch are in progress. The primary route is IBSAT 2026, with parallel acceptance of CAT 2026, GMAT, and GRE scores. IBSAT 2026 registration is open and the exam is scheduled for December 2026.
| Event | Key Dates (2027-29 Batch) |
|---|---|
| IBSAT 2026 Registration Opens | 1 July 2026 |
| IBSAT 2026 Registration Deadline | 25 December 2026 |
| IBSAT 2026 Exam | 26 to 27 December 2026 |
| CAT 2026 Exam | November 2026 |
| CAT 2026 Result | January 2027 |
| Shortlisting and Interview (CASE) | January to March 2027 |
| Admission Offer | March to April 2027 |
| PGPM Programme Starts | June to July 2027 |
The IBS selection process involves the CASE (Competency Assessment and Skill Evaluation) round, which includes a written test, group exercise, and personal interview. Candidates applying through CAT, GMAT, or GRE bypass IBSAT but must clear the CASE round.
| Exam Route | Exam Accepted | Typical Score Criteria |
|---|---|---|
| IBSAT Route | IBSAT 2026 (December 26 to 27, 2026) | Qualifying score as per IBS cutoff |
| CAT Route | CAT 2026 (November 2026) | As per IBS CAT cutoff for Mumbai campus |
| GMAT Route | Valid GMAT score (no year restriction) | As per IBS GMAT cutoff |
| GRE Route | Valid GRE score (no year restriction) | As per IBS GRE cutoff |
IBS Mumbai Courses and Fees
IBS Mumbai offers a single full-time programme on campus: the Post Graduate Programme in Management (PGPM). This is a 2-year residential programme with a cohort model that mirrors the structure of a traditional MBA.
| Course | Duration | Eligibility | Total Fees |
|---|---|---|---|
| PGPM (Post Graduate Programme in Management) | 2 years, full-time | Graduation with 50% from a recognised university and valid IBSAT / CAT / GMAT / GRE score | INR 8.11 Lakhs |
The PGPM is structured over four semesters. Specialisations are offered from the second year.
- Finance - corporate finance, investment banking, financial analytics
- Marketing - brand management, digital marketing, consumer behaviour
- Human Resources Management - talent management, industrial relations, OB
- Operations Management - supply chain, project management, quality
- International Business - global trade, forex, cross-border strategy
IBS uses the ICFAI University Press case library for case-based teaching, which is the primary pedagogy across all specialisations. The Mumbai campus draws heavily from its Powai location to integrate industry practitioners and guest lectures from Mumbai’s financial and corporate ecosystem.
IBS Mumbai Admission Process
PGPM Admission
PGPM admission at IBS Mumbai follows a two-stage process: entrance exam qualification followed by the CASE (Competency Assessment and Skill Evaluation) round.
- Eligibility: Graduation in any discipline from a recognised university with a minimum of 50% aggregate marks. Final-year students may apply provisionally.
- Stage 1 - Entrance exam: Qualifying score in IBSAT, CAT, GMAT, or GRE. IBSAT is IBS’s own test conducted in December each year.
- Stage 2 - CASE round: Shortlisted candidates attend a written assessment, group exercise, and personal interview at the campus.
- Final merit list: Based on composite score across entrance exam performance, academic record, work experience, and CASE performance.
Work experience is not mandatory but is favourably weighted in the merit calculation. Candidates with 1 to 3 years of relevant work experience report a modest advantage in the selection process.
The PGPM is AICTE approved and recognised by IFHE, the parent deemed university. Degrees are awarded by IFHE.
IBS Mumbai Placements
IBS Mumbai PGPM Class of 2025 reported a placement rate of 95%, with an average package of INR 7.89 LPA. The highest domestic offer was INR 20 LPA. The top 10% of the batch averaged INR 11.97 LPA and the top 25% averaged INR 10.67 LPA. Over 300 companies participated in the placement season across campus visits, pool drives, and lateral offers.
Recruiters span BFSI, consulting, FMCG, IT, and media sectors. The Powai campus benefits from proximity to Mumbai’s financial district, drawing consistent participation from BFSI and consulting firms.
| Metric | PGPM Class of 2025 |
|---|---|
| Average Package | INR 7.89 LPA |
| Highest Domestic Package | INR 20 LPA |
| Top 10% Average | INR 11.97 LPA |
| Top 25% Average | INR 10.67 LPA |
| Placement Rate | 95% |
| Companies Participated | 300+ |
Finance and Marketing specialisations drive the bulk of placements. BFSI roles (equity research, credit analysis, treasury) attract Finance candidates. Marketing candidates see offers in brand management, digital marketing, and channel sales roles. The placement average of INR 7.89 LPA is among the higher figures in the mid-tier Mumbai MBA market.
IBS Mumbai Scholarships
IBS Mumbai offers merit-based fee waivers and facilitates access to central government scholarship schemes. The ICFAI Group merit scholarship is awarded at the time of admission based on IBSAT, CAT, or GMAT scores and academic record.
| Scholarship | Eligibility | Coverage |
|---|---|---|
| ICFAI Merit Scholarship | Based on IBSAT / CAT / GMAT performance and academic record | Partial tuition fee waiver (as per IBS scholarship norms) |
| NSP Post Matric Scholarship for SC / ST | SC or ST category students with valid NSP registration | Central share credited directly to student account |
Candidates may also apply for education loans from public sector banks under the IBA Model Education Loan Scheme, which covers the full PGPM fee amount. IBS Mumbai coordinates with partner banks for loan processing support.
IBS Mumbai Campus and Infrastructure
The IBS Mumbai campus is located at Hiranandani Knowledge Park, Powai, Mumbai 400076. Powai is home to several major companies and technology firms, making it a natural campus location for business school activities. The campus is connected by road to Andheri (E), BKC, and the Eastern Express Highway.
The campus houses the academic block with classrooms, a case-study room, computing facilities, and a management library. The IBS network maintains a centralised case library through ICFAI University Press, which the Mumbai campus accesses for classroom pedagogy. Hostel facilities are not available directly on the IBS Mumbai campus. Students typically arrange accommodation in the Powai and Hiranandani Gardens vicinity.
IBS Mumbai vs K.J. Somaiya Institute of Management vs Welingkar Mumbai
Candidates shortlisting private MBA programmes in Mumbai at the mid-tier fee band often compare IBS Mumbai (PGPM, INR 8.11 Lakhs) with K.J. Somaiya Institute of Management (KJ Somaiya) and Prin. L.N. Welingkar Institute of Management Development and Research (Welingkar). All three operate in Mumbai and accept CAT scores.
| Parameter | IBS Mumbai | KJ Somaiya | Welingkar Mumbai |
|---|---|---|---|
| Location (Mumbai) | Powai (Northeast) | Vidyavihar (Central) | Matunga (Central) |
| Parent Body | IFHE (Deemed University) | Somaiya Vidyavihar University | Prin. L.N. Welingkar Institute (AICTE) |
| Programme | PGPM (2 years) | MBA (2 years) | PGDM / MBA (2 years) |
| Entrance Accepted | IBSAT, CAT, GMAT, GRE | CAT, CMAT, MAH-MBA-CET | CAT, CMAT, MAH-MBA-CET, XAT |
| Average Package (Latest) | INR 7.89 LPA | INR 8 to 10 LPA | INR 7 to 8 LPA |
| Hostel | Not available on campus | Available | Not available on campus |
IBS Mumbai benefits from Powai’s corporate ecosystem and a 300+ company placement network. KJ Somaiya has a higher NIRF rank and stronger Vidyavihar campus presence. Welingkar is known for its entrepreneurship and innovation programmes. All three draw from Mumbai’s dense recruiter base.
IBS Mumbai FAQs
Ques. What is IBSAT and how do I apply to IBS Mumbai?
Ans. IBSAT is the ICFAI Business School Aptitude Test, conducted every December across 9 IBS campuses including Mumbai. Registration for IBSAT 2026 opened on 1 July 2026. The exam is on 26 to 27 December 2026 and the registration fee is INR 1,800. Candidates with valid CAT, GMAT, or GRE scores can also apply directly without IBSAT.
Ques. What is the total fee for PGPM at IBS Mumbai?
Ans. The total fee for the 2-year PGPM at IBS Mumbai is INR 8.11 Lakhs. This covers the full programme including tuition. Education loans from public sector banks are available under the IBA Model Scheme.
Ques. What are the placements like at IBS Mumbai?
Ans. The PGPM Class of 2025 reported a 95% placement rate, with an average package of INR 7.89 LPA and a highest domestic offer of INR 20 LPA. Over 300 companies participated. The top 10% of the batch averaged INR 11.97 LPA.
Ques. Is IBS Mumbai ranked by NIRF?
Ans. IBS Mumbai does not hold an independent NIRF rank as a standalone campus. The parent body, ICFAI Foundation for Higher Education (IFHE), a deemed-to-be university, participates in NIRF rankings at the university level.
Ques. Does IBS Mumbai have hostel facilities?
Ans. Hostel facilities are not available directly on the IBS Mumbai campus at Powai. Students typically arrange accommodation in the Powai or Hiranandani Gardens area, where a range of PG and flat options are available.
Ques. Is work experience required for PGPM at IBS Mumbai?
Ans. Work experience is not mandatory for the PGPM at IBS Mumbai. Fresh graduates are eligible to apply. However, candidates with 1 to 3 years of relevant work experience are given a modest weight advantage in the overall merit calculation.
Ques. Which specialisations are available at IBS Mumbai?
Ans. IBS Mumbai PGPM offers five specialisations: Finance, Marketing, Human Resources Management, Operations Management, and International Business. Specialisations are selected during the second year of the programme.


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The GD-PI for IBS Mumbai usually occurs at the institute's campus or specified locations. Shortlisted candidates are informed about the venue and schedule via email or the institute's website. For any inquiries, candidates should contact the admissions helpdesk at: 022 4043 4343.
You can choose colleges (if selection is on merit) based on your last qualifying exam or you need to apply based on entrance exam. You can also check out the official collegedunia page to choose a college for yourself.
I want to know fee structure
Click on the below link to get the course wise fee structure of IBS
Link: IBS Business School Courses Fees
The NMAT was around the 70% percentile. Check here for IBS Mumbai Cutoff 2022: IBSAT, CAT, Previous Year Cutoff