ICFAI Business School (IBS) Mumbai, part of the ICFAI Group since 1995, is an AICTE-approved B-school excelling in management education through case-based learning and industry ties. Ranked among the top 5 in Western India, its 80,000 sq.ft. Powai campus supports experiential learning via labs, internships, and global collaborations like the IBS-Venture Academy with the University of Essex, UK. For the 2025-27 batch, IBS Mumbai boasts 95% placements with an average CTC of ₹7.89 LPA and highest up to ₹20 LPA. Prospective students often scrutinize courses and fees for ROI.
Courses Offered at IBS Mumbai
IBS Mumbai’s flagship PGPM (Post Graduate Program in Management; MBA equivalent) equips graduates with core management skills via a rigorous, industry-aligned curriculum. It features 100% case studies, a 14-week summer internship, soft skills training, and live projects for corporate readiness. No PhD or executive programs here—opt for IBS Hyderabad for those. Admissions via IBSAT (Dec 2025), CAT/XAT/NMAT/GMAT.
| Program | Duration | Specializations | Eligibility |
|---|---|---|---|
| PGPM | 2 years full-time | Finance, Marketing, Human Resource Management, Operations Management, Supply Chain Management, Digital Marketing | Bachelor's with 50% aggregate; IBSAT/CAT (60+ percentile)/XAT/NMAT (150+)/GMAT (500+); final-year students eligible |
Note: Details for 2025-27 batch. See IBS Mumbai courses & fees for user insights.
IBS Mumbai Fees Structure
For the 2025-27 PGPM batch, total tuition is ₹9.09 Lakhs, payable in 4-6 installments for flexibility. A ₹10,000 refundable security deposit applies at admission. No on-campus hostel; campus aids PG arrangements in Powai/Navi Mumbai. Education loans from tie-ups like SBI/HDFC cover 100%.
| Fee Component | Amount (₹) | Details |
|---|---|---|
| Tuition Fee (Total for 2 Years) | 9,09,000 | ₹4.545 Lakhs/year; installments ~₹2.27 Lakhs/semester; includes library/IT/alumni fees. First due at admission. |
| Security Deposit (Refundable) | 10,000 | One-time; adjustable against final dues. |
| Other Charges | 4,000 (Convocation) | Paid with final installment; covers certificates/events. |
| PG Accommodation | 5,000–20,000/month | Off-campus options (assisted by admin); food extra via canteens (₹50–100/meal). Mess not included. |
Payment Options: Semester/annual; scholarships offset tuition. Disclaimer: 2025 rates—check IBS Mumbai fees page.
IBS Mumbai Scholarships & Financial Assistance
IBS Mumbai allocates ₹10 Crores in aid for 2025, offering merit/need-based options adjusted against fees. Top IBSAT scorers get up to ₹2 Lakhs; renewal requires 7.5 CGPA. No cash refunds—withdrawals prorated.
| Scholarship Type | Eligibility | Amount | Application Process |
|---|---|---|---|
| IBSAT Merit Scholarship | IBSAT 2025 top ranks (70%+ graduation) | Up to ₹2 Lakhs (₹1 Lakh/term; 500 awards) | Auto post-exam; confirm at admission. |
| Alumni Wards | Children of IBS alumni | ₹2 Lakhs | Proof during application. |
| Defence Personnel Wards | Wards of armed forces/paramilitary | ₹2 Lakhs | Documents verified. |
| Physically Challenged | ≥40% disability | ₹2 Lakhs | Medical certificate via portal. |
| Digital Marketing Assistantships | Flair in social media | Stipend-based | Apply post-admission. |
Terms: Prorated on exit. Loans via bank partners. Details on IBS Mumbai scholarships info.
IBS Mumbai Comparison & Value Proposition
IBS Mumbai’s ₹9.09 Lakhs fee yields quick ROI via 95% placements at ₹7.89 LPA—payback in ~1.5 years. Cheaper than NMIMS (₹22-25 Lakhs, ₹15-20 LPA) or Welingkar (₹14-16 Lakhs, ₹10-12 LPA), yet superior to IBS Pune in placements/internships. Mumbai’s ecosystem boosts opportunities from recruiters like Deloitte, ICICI.
| B-School | Total Fees (₹ Lakhs) | Avg. Package (₹ LPA) | Placement % |
|---|---|---|---|
| IBS Mumbai | 9.09 | 7.89 | 95 |
| NMIMS Mumbai | 22–25 | 15–20 | 98 |
| JBIMS Mumbai | 6–7 | 28 | 100 |
| Welingkar Mumbai | 14–16 | 10–12 | 95 |
| IBS Pune | 9.09 | 6.5 | 92 |
Why IBS Mumbai? Affordable, transparent fees with 75,000+ alumni network. Compare via IBS Mumbai placements or cutoffs.