ICFAI Business School

IBS, officially known as ICFAI Business School, is a prominent institution offering MBA and PGPM programs across its nine campuses located in Hyderabad, Mumbai, Ahmedabad, Bengaluru, Gurgaon, Dehradun, Jaipur, Pune, and Kolkata. Established with a focus on delivering high-quality management education, IBS has built a reputation for excellence over the past 25+ years.

IBSAT 2024 - Important Dates

IBS Fee Structure and Courses

The fee structure for the MBA program varies across campuses:

Courses offered include MBA, PGPM, and PhD programs. The curriculum is designed to provide a comprehensive understanding of business management through case-based teaching methods.

ICFAI Courses Offered

1. MBA Program

   • Duration: 2 years.
   • Specializations: Finance, Marketing, Human Resources, Operations, IT & Systems, and Business Analytics.
   • Curriculum: Includes core courses, elective courses, summer internship projects, and a final research project.

2. PGPM (Post Graduate Program in Management)

   • Duration: 2 years.
   • Specializations: Similar to the MBA program.
   • Curriculum: Focuses on practical learning through case studies, industry projects, and internships.

3. PhD Program

   • Duration: Minimum 3 years.
   • Specializations: Management, Economics, Finance, and other related fields.
   • Eligibility: Requires a master's degree or equivalent in the relevant field with a minimum of 55% marks.

4. PhD Program for Working Executives

   • Duration: 4 to 6 years.
   • Specializations: Similar to the full-time PhD program but designed to accommodate the schedules of working professionals.

Eligibility Criteria

• MBA/PGPM Programs:

  • Graduation in any discipline with at least 50% marks.
  • Candidates must have completed at least 15 years of education (10+2+3).
  • Proficiency in English. Candidates not meeting this requirement must submit TOEFL/IELTS/NELT scores by a specified date.
  • Final year graduation students can also apply, provided they complete all requirements before a specified date.

• PhD Program:

  • Graduation with 50% and above marks and a postgraduate degree with at least 55% marks.
  • Special criteria apply for specific fields and for candidates with professional qualifications like CFA, CA, CWA, or CS.

Application and Admission

• Application Fee: INR 1800.
• Application Process: Online submission of personal and academic details followed by payment of the application fee.
• Entrance Exams: IBSAT, GMAT, NMAT by GMAC, CAT, and XAT scores are accepted. Candidates with these scores are exempt from the IBSAT exam.
• Selection Process: Based on entrance exam scores, past academic performance, and personal interview.

ICFAI Placements

IBS boasts impressive placement statistics with over 95% of students securing jobs. The average placement package is around INR 10.42 LPA, with the highest international package reaching INR 58.19 LPA. Top recruiters include Google, Amazon, Zomato, Oracle, Aditya Birla Group, EY, HSBC, and ICICI Bank.

IBS, particularly through its various ICFAI Business School campuses, boasts a strong placement record, with a high percentage of students securing jobs in reputable companies across diverse industries. Here’s an in-depth look at the placement scenario at IBS:

Placement Highlights

• Placement Rate: Over 95% of students secure placements across various IBS campuses.
• Average Package: The average placement package for IBS campuses is around INR 10.42 LPA (Lakhs Per Annum).
• Highest Package: The highest international package reported is INR 58.19 LPA, while the highest domestic package is INR 21 LPA.

Campus-Wise Placement Details

• IBS Hyderabad:

  • Average Package: INR 10 LPA
  • Highest International Package: INR 58.19 LPA
  • Major Recruiters: Google, Amazon, Deloitte, KPMG, ICICI Bank

• IBS Mumbai:

  • Average Package: INR 8.17 LPA
  • Highest Package: INR 11.13 LPA
  • Major Recruiters: JP Morgan Chase, HDFC Bank, TCS, Infosys

• IBS Gurgaon:

  • Average Package: INR 8 LPA
  • Highest Package: INR 22.93 LPA
  • Major Recruiters: EY, PwC, Cognizant, Wipro

• IBS Pune:

  • Average Package: INR 7.59 LPA
  • Highest Package: INR 56.55 LPA
  • Major Recruiters: Accenture, IBM, Zomato, Oracle

• IBS Kolkata:

  • Average Package: INR 7.41 LPA
  • Major Recruiters: Axis Bank, Reliance, Tata Consultancy Services

ICFAI Top Recruiters

IBS has a strong network with over 750 recruiting companies, including top firms from various sectors such as IT, Financial Services, Banking, Consulting, FMCG, and E-commerce. Some of the prominent recruiters include:

• Google
• Amazon
• Deloitte
• EY (Ernst & Young)
• PwC (PricewaterhouseCoopers)
• ICICI Bank
• HDFC Bank
• Oracle
• Infosys
• Cognizant

ICFAI Placement Process

The placement process at IBS includes multiple stages:

1. Pre-Placement Talks (PPTs): Companies conduct PPTs to provide students with insights into job roles, company culture, and growth opportunities.
2. Application and Shortlisting: Students apply for the companies they are interested in. Companies shortlist candidates based on their resumes and academic performance.
3. Interviews: Shortlisted candidates undergo various rounds of interviews, which may include group discussions, technical interviews, and HR interviews.
4. Offer and Acceptance: Successful candidates receive job offers, which they can accept to secure their placement.

ICFAI Placement Support

IBS provides extensive support to students for placements through:

• Career Counseling: Personalized career guidance to help students choose the right career path.
• Resume Workshops: Training sessions to help students craft effective resumes.
• Mock Interviews: Practice interviews to prepare students for the actual interview process.
• Industry Interactions: Regular interactions with industry experts to keep students updated on industry trends and expectations.

ICFAI Scholarships

IBS offers scholarships worth a total of INR 10 crores. These scholarships are awarded based on merit and other criteria set by the institution, providing financial assistance to deserving students. IBSAT (ICFAI Business School Aptitude Test) offers substantial scholarships to support meritorious students financially and encourage academic excellence. Here's a detailed overview of the scholarships available at IBS:

Merit Scholarships Based on IBSAT/CAT/NMAT Scores

• Eligibility: Students who perform exceptionally well in IBSAT or other recognized management entrance exams such as CAT and NMAT.
• Criteria: Scholarships are awarded based on the percentile scored in the entrance exams. Higher percentiles result in higher scholarship amounts.
• Scholarship Amount: Varies by percentile and can cover a significant portion of the tuition fees.

Merit Scholarships Based on Academic Performance

• Eligibility: Students with outstanding academic records in their undergraduate studies.
• Criteria: Scholarships are awarded based on the cumulative academic performance during the undergraduate program.
• Scholarship Amount: Varies and can cover a substantial portion of the tuition fees.

Domicile-Based Scholarships

• Eligibility: Students from specific regions or states may be eligible for domicile-based scholarships.
• Criteria: Proof of domicile is required, and the scholarship amount may vary based on regional policies.
• Scholarship Amount: Varies and can provide partial to full tuition fee coverage.

Special Category Scholarships

• Eligibility: Scholarships for students from diverse backgrounds, including those with special needs, economically disadvantaged backgrounds, or other specific categories.
• Criteria: Specific documentation and proof of eligibility are required.
• Scholarship Amount: Varies based on the category and need.

ICFAI Cut Offs

IBSAT (ICFAI Business School Aptitude Test) is a crucial entrance exam for admission into the MBA and PGPM programs across the various ICFAI Business School (IBS) campuses. The cut-off marks for IBSAT vary each year based on the difficulty level of the exam, the number of applicants, and the overall performance of candidates. Here’s a detailed overview of the expected cut-offs for IBSAT and related entrance exams:

The cut-off scores for ICFAI typically range between the 55th and 80th percentiles, depending on the campus and the specific program. Here's a general idea of the expected cut-offs for some of the prominent IBS campuses:

These cut-offs are indicative and can vary slightly each year based on the aforementioned factors.

Cut Offs for Other Entrance Exams

IBS also accepts scores from other prominent management entrance exams. Here are the approximate cut-offs for these exams:

Factors Influencing Cut Offs

Several factors influence the cut-off scores for IBSAT and other accepted exams:

• Exam Difficulty: The relative difficulty level of the entrance exam in a given year can impact cut-offs.
• Number of Applicants: A higher number of applicants can lead to higher cut-offs.
• Seat Availability: The number of available seats in each program and campus influences cut-off scores.
• Overall Performance: The overall performance of the test-takers each year can also affect the cut-offs.

ICFAI Infrastructure

The campuses of IBS are well-equipped with state-of-the-art facilities including modern classrooms, libraries, computer labs, hostels, and sports complexes. The infrastructure is designed to support an enriching academic environment and holistic development.

ICFAI Rankings

IBS is consistently ranked among the top business schools in India. It is recognized for its quality of education, strong industry connections, and successful alumni network. Specific rankings vary by campus and by the criteria of different ranking bodies.

ICFAI Key Alumni

IBS has a robust alumni network with over 70,000 members, many of whom hold prominent positions in global companies. Approximately 10% of the alumni are in international roles, highlighting the global reach and impact of the institution.