IBS Mumbai: Courses, Facilities


IBS Mumbai is a well-known business school that's part of ICFAI Business School (IBS), a respected network. IBS Mumbai is ranked among the top 25 in the national list of B-schools and among the top 5 B-schools in Mumbai. Established with a vision to provide world-class business education,  The institution has a reputation for its exceptional PGPM programs and comprehensive learning environment. It is offering a range of specialised PGPM courses in areas like Marketing, Finance, HR, and more.

IBS Mumbai is amongst the few B-Schools in the country to initiate the upcoming full-fledged Bloomberg Finance Lab with 12 Bloomberg Terminals where lab work will be integrated into the course curriculum.

ICFAI Business School campus covers an enormous space of 150,000 sq.ft. spanning over 4 floors in the prestigious knowledge park. The campus houses 30 learning halls with state-of-the-art learning aids like smart boards, AV facility and Wi-Fi to enable an enriching learning experience for the students. It also has a fully equipped conference room for MDPs and Seminars.

IBS Mumbai is one of the prominent ICFAI campuses among the IBS Business Schools spread across the country. IBS will conduct IBSAT, GMAT, CAT, NMAT, and XAT exam for the selection process in February or March 2024. Performance in the group discussion, the personal interview, and previous academic performance all go into the ultimate decision. ICFAI Business School (IBS) also conducts free NMT (National Mock Test) every year with a prize of Rs.10,000 in the interest of students to practice for the final IBSAT Test.

IBS Mumbai organizes regular interactions with the corporate world through its Management Development Programs which are custom designed to suit the needs of the corporate world.

Table of Contents

IBS Mumbai Quick Highlights

IBS Mumbai, part of the prestigious ICFAI Business School (IBS) network, is a leading institution for management education in India. Some of its quick highlights are tabulated below.

IBS Mumbai  

Type of Institute 


Year of Establishment 



University Grants Commission (UGC)

Courses Offered 


Infrastructure Offered

Classrooms, Auditorium, Hostels , Library, Sports 

Entrance Exam accepted


Official website




IBS Mumbai Rankings & Awards

IBS Mumbai has earned recognition through various rankings and awards in the field of management education. To know a few are as follows.

  • IBS Mumbai Ranked ‘A++’ by Business India
  • All India Rank among top 100 Private B-Schools by Education World Survey 2023.
  • IBS Mumbai Ranked 6th among Top B-Schools and ranked 3rd in the West zone by Silicon India.
  • IBS Mumbai ranked 6th among the Top emerging B-Schools of Super Excellence – CSR-GHRDC.
  • IBS Mumbai ranked 7th among the Top B-Schools in the West zone by  Careers 360
  •  Ranked 3rd amongst top leading B-School of Super Excellence
  • Ranked 13th amongst top 20 B-Schools (Government and Private) by Faculty, Publication, Research, Consultancy, MDP & Other Programme
  • Ranked 14th amongst top 20 B-Schools (Government and Private ) by Placement, (Domestic & International), USP, Social Responsibility, Networking & Industry Interface

IBS Mumbai Courses & Fees

IBS Mumbai offers a range of specialized PGPM courses that cater to diverse areas of business management. The institute's courses & fee structure for academic year #admisison_year are mentioned below.



Eligibility Criteria 


2 years 

Graduation (any discipline) with 50% and above marks (as calculated by respective University) with a medium of instruction as English.

IBS Mumbai Fee Details

The PGPM program at IBS Mumbai is offered across multiple specializations like Supply Chain, Digital Marketing, Operation, etc. Mentioned below are the total tuition fee details for the two-year program of MBA/PGPM at IBS Mumbai.



Total Tuition Fee 


2 years 

INR 9.09 Lakh

Read More: IBS Mumbai Courses & Fees

IBS Mumbai Admissions 

Admissions at IBS Mumbai are based on a competitive selection process that evaluates candidates' academic records, entrance exam scores, and personal interviews. Aspiring students are required to appear for national-level entrance exams such as CAT, GMAT, or NMAT by GMAC. 

Candidates who qualify on the basis of IBSAT/ GMAT/ CAT/ NMAT by GMAC will be called for the Selection process in February/March 2024. The final selection is based on performance in Group Discussions, Personal Interviews and the past academic record

IBS Mumbai Eligibility Criteria

The following are the eligibility criteria for IBS Mumbai.

  • The student must have passed Graduation (any discipline) with 50% and above marks with the medium of instruction as English.
  • Or The applicant should have completed at least 15 years of education (on a 10+2+3 or 10+2+4 basis).
  • Applicants in their final year bachelor’s degree course are also eligible to apply, provided they complete their graduation requirements by May 31, 2024.
  • Valid Scores in IBSAT/ GMAT/ CAT/ NMAT by GMAC /XAT are also considered for admission.

Read More: IBS Kolkata Admissions

Why Choose IBS Mumbai?

What distinguishes IBS Mumbai from other B-schools is its unique endowments, its innovative processes and its focus on generating new knowledge to flow into its teaching-learning programs.

IBS Mumbai's academic advantages

The mission of IBS Mumbai is to emerge as a thought leader with a global perspective and social sensitivity, by providing relevant and rigorous management education to its students, and by establishing a close link with the corporate world.  

  • Case-based learning is an important component of business education at IBS. Most of the courses are taught through real-life cases, designed to help bridge the gap between management theory and practice.
  • IBS includes business modelling and simulation games in its curriculum for the program, to give students an introduction to business decision-making.
  • IBS has a strong, active, and growing interface with business and industry, with experts from a range of leading companies delivering regular guest lectures and serving as members of various advisory boards.
  • The program offers students an opportunity for continuous learning so that their knowledge and skills remain current and relevant.
  • The learning methodology adopted provides them with the desire and the ability to seek, comprehend and internalize knowledge on a continuing basis, even after they complete the program.

IBS Mumbai Infrastructure

IBS Mumbai boasts modern and state-of-the-art well-equipped infrastructure, fostering a conducive learning environment for its students as follows.

  • Smart Classrooms
  • Library
  • Hostel
  • Wifi
  • And more

IBS Mumbai Placements

The Placement Cell of ICFAI Business School Mumbai ensures 99% placement opportunities, providing students with promising career avenues. The institution prioritizes holistic training and growth during the academic journey, nurturing capable managers to thrive in a constantly evolving global landscape. Find more about the placements of the 2023 batch from the table calculated below.

  • The average salary package offered is INR 8.17 Lakh.
  • The highest national salary package offered is INR 18.80 Lakh.
  • The highest international salary package offered is INR 11.13 Lakh.

IBS Kolkata Top Recruiters

Some of the top recruiters at IBS Mumbai are as follows






EY India


Deloitte Tax Services

Read More: IBS Mumbai Placements

IBS Mumbai Scholarships

IBS Business School (IBS Mumbai)  provides diverse scholarships founded on merit, entrance examination performance, and socioeconomic conditions. Scholarships under the IBSAT classification are accessible to candidates who take the IBSAT exam, accompanied by IBS introducing IBSAT Scholarships totaling INR 10 crore. The scholarship of two lakh rupees is determined by the minimum marks achieved in entrance tests such as CAT, XAT, GMAT, and NMAT by GMAC. Below is an enumeration of the scholarship prerequisites based on the cutoff scores.

Scholarship Name 

Eligibility/Award Criteria 

Amount of Scholarship 

Brief description and other details 

Merit Scholarships from the IBSAT 2023 Test

IBSAT 2023 Top performers/Wards of Defence Personnel( serving or retired) from Army/Airforce/Navy and Paramilitary forces/Wards of IBS Alumni/Physically Challenged Candidates 

2.0 Lakhs per candidate

Total 10 crores worth, 500 merit scholarships are offered. The offered scholarship amount would be adjusted one lakh rupees each in the 1st and 2nd semester installments against a fee payable by the students 

IBS Mumbai Faculty

IBS Mumbai boasts a distinguished faculty team that combines academic expertise with industry experience, fostering a dynamic learning environment. The faculty members are well-versed in their respective fields, ensuring students receive a well-rounded education that integrates theoretical knowledge with practical insights. Some of the prominent faculty members are as follows.



Dr.Pritee Saxena

MMM, M.Sc., Ph.D
Sr. Director & Campus Head

Dr. Rita Rangnekar

MA, DIRPM, Dip.T&D (ISTD), Ph.D Dean – IBACO 

Prof. Heaman Purandare

MA, DIRPM, Dip.T&D (ISTD), Ph.D Dean – IBACO 

Prof. Amarjeet Patpatia

MBA,M.Com, Dip-in Trg Dean & Dy PCO 

IBS Mumbai Alumni

The IBS Mumbai Alumni Association serves as a thriving network of past students who have graduated from the institution. These accomplished individuals span diverse industries and sectors, embodying the success and impact of IBS Mumbai's education. The alumni association fosters connections, knowledge sharing, and collaboration among its members, contributing to a vibrant community that extends beyond the campus and into the professional world. Through its events, mentorship programs, and contributions to the institution's growth, the alumni association continues to play an integral role in nurturing the legacy of IBS Mumbai.

Alumni Name



Mr. Swapnil Dhotre

Executive Director, Head of Treasury


Mr. Mayuresh Patwardhan



Mr. Abhay Anand

Partner, Grant Thornton

Investment Banking

Mr. Chandan Goswami 

Chief Strategy & Business Officer PRESPL Founder and Executive Commitee member CBEII

PRESPL (Punjab Renewable Energy Systems Pvt. Ltd.)

Mr. Amit Singh

Chief People Officer, PNB Housing Finance Ltd

PNB Housing Finance Ltd

Mr. Sanket Pendke 



Mr. Parul Monga


IndiaFirst Life

Ms. Shefali Dua

Assistant Vice President; Product Manager

NR at Kotak Mahindra Bank

IBS Mumbai Highlights

Institution Type Private
Total Faculty 31
Year of Establishment 1995
Genders Accepted Co-Ed
Student Enrollment 1030
Total Area (In Acre) 2 Acres
Website http://www.ibsindia.org/ibs_mumbai/

IBS Mumbai Rankings

Publisher Ranking & Year Criteria
#69 in 2021 MBA

IBS Mumbai FAQs

Will IBS Mumbai provide any Mock Tests?

Yes. The institute offers mock tests for the candidates' practice and convenience. These tests will be available on the official website.

Is IBS approved in Mumbai?

The institution is affiliated to ICFAI University and is approved by University Grants Commission (UGC).

Which is better IBS Pune or Mumbai?

IBS Mumbai is better in terms of its placements and internship offers, hence IBS Mumbai is better than IBS Pune. .

IBS Mumbai Reviews

Overall Rating



Distribution of Rating

>4-5 star


>3-4 star


>2-3 star


1-2 star


Placements & Internships


Fees & Scholarships


Academics & Faculty


College Infrastructure & Hostel Facilities


Clubs & Associations


Suman Lenka Batch 2020 PGPM [Post Graduate Programme in Management]
Reviewed on Oct 10, 2022
3.5 Placements
3.5 Fees
3.5 Academics
4 Infrastructure
3.5 Campus

Placements & Internships : Internship stipend is 30000 INR for 3 months. Companies like Kantar IMRB and other companies in market research and freelancing come to hire from the campus. Average salary is 5-6 LPA.&l

Read More

Udiptpadhy09 Batch 2021 PGDM [Post Graduate Diploma in Management]
Reviewed on Jun 20, 2022
3.5 Placements
3 Fees
3.5 Academics
4 Infrastructure
4 Campus

Placements & Internships : Good internships and placements. Best recruiters for Finance. 7-10 L packages. All the major companies come to all campuses. A company has a higher budget for a tier1 college and pick up 2-3 students in that budget, where as in tier 2 colle

Read More

Ankit Pandey Batch 2015 PGDM [Post Graduate Diploma in Management]
Reviewed on Nov 18, 2017
2.5 Placements
2 Fees
3 Academics
4 Infrastructure
2 Campus

Placements & Internships : I have done an internship in Market Development & Research at ITC Ltd with stipend INR 15,000 for a tenure of 3 months. Companies like JP Morgan, Deloitte, Crisil (for Finance Stream), Private Banks(HDFC &

Read More

Pathik Shah Batch 2020 MBA [Master of Business Administration]
Reviewed on Oct 26, 2017
4.5 Placements
4 Fees
4 Academics
4 Infrastructure
4 Campus

Placements & Internships : The average salary package offered is INT 7 lakhs p.a. The alumni network is very strong.  

Entrance Exams & Admissions : I wrote the NMAT exam to get admissions and the cutoff is 180. &

Read More

Suchita Lunayach Batch 2016 PGPM [Post Graduate Programme in Management]
Reviewed on Sep 14, 2017
3 Placements
4.5 Fees
4 Academics
4 Infrastructure
5 Campus

Placements & Internships : I did my internship from Ashika Capitals Limited. I got placed in JP Morgan.

Entrance Exams & Admissions : IBSAT is the entrance exam for the admission at IBS and the cut-off is 80 percentile.

Fees & Scholarships : INR 8 lakhs is the course f

Read More

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