ICFAI Business School (IBS) offers a competitive and comprehensive admission process starting with the IBSAT entrance exam, followed by GD and PI rounds. Results are released by April, with the academic session commencing in June. Besides IBSAT, scores from NMAT, CAT, CMAT, GMAT, and MAT are accepted. With a 97% placement rate, IBS, especially its Mumbai and Hyderabad campuses, is highly reputed. Admission requires top percentile scores, emphasizing both past academics and GD/PI performance.
IBS boasts a 25:1 student-faculty ratio, employing around 300 faculty members, 80% of whom are from prestigious institutions or have significant industry experience. The curriculum focuses on practical knowledge through case studies and personalized mentoring, though improvements in teaching methods are suggested. The program fee for IBS Mumbai's PGPM is around 8 to 9.09 lakh INR for two years, with a 10,000-rupee refundable deposit. Fees are payable in installments, with an initial deposit of 80,000 rupees required.
Financial assistance includes scholarships up to 1 lakh INR for top performers and part-time job opportunities on campus. IBS Mumbai's placement record is strong, with 95-98% of students placed annually. Over 200 companies, including JP Morgan and Deloitte, visit for recruitment, offering an average salary package of 6-7 lakh INR, with top domestic packages reaching 18.80 lakh INR and international ones up to 50 lakh INR. Pre-placement training and summer internships are integral, with stipends up to 25,000 INR.
The non-residential program necessitates students arrange their accommodation, and the fee structure is seen as feasible with its transparent installment system and financial support options.
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