Discover scholarships for IBS Mumbai's MBA/PGPM programs, offering up to 100% tuition fee waivers based on merit, financial need, or category. With total fees around ₹16.68 lakhs for two years, these aid packages make quality education accessible. Apply by January 15, 2026. Explore Courses & Fees
About IBS Mumbai Scholarships
IBS Mumbai, a premier business school under the ICFAI Foundation for Higher Education, offers robust scholarships to meritorious and deserving students in its flagship Post Graduate Program in Management (PGPM) and MBA equivalents. These initiatives support academic excellence, diversity, and financial assistance, ensuring talented individuals can thrive regardless of background.
Types of Scholarships Offered at IBS Mumbai
- Merit-Based Scholarships: For top performers in IBSAT/CAT/NMAT; 20%-100% tuition waivers (up to ₹8.34 lakhs), renewable with 7.0+ CGPA over two years.
- Need-Based Scholarships: For financial hardship (income
- Diversity/Category-Based Scholarships: For SC/ST/OBC/EWS and state quota; 25%-75% fee waivers (₹4.17-₹12.51 lakhs), with valid certificates.
- Alumni/Sibling Scholarships: 20% tuition concession (₹1.67 lakhs) for family of IBS alumni.
- Government/External Scholarships: Compatible with schemes like Post-Matric for reserved categories; IBS assists in applications.
Eligibility Criteria
- Academic Requirements: 60%+ in graduation; IBSAT 70+ percentile, CAT 70+ percentile, or NMAT 200+ scores.
- Financial Need: Annual family income below ₹5 lakhs, verified by income certificate.
- Category-Based: Valid SC/ST/OBC/EWS or domicile certificates for quotas.
- Renewal: Maintain 7.0 CGPA each semester; subject to review.
Application Process
- Register and appear for IBSAT or submit CAT/NMAT scores via the admissions portal.
- Fill the separate scholarship application form post-admission offer.
- Submit documents: marksheets, scorecards, income/category certificates.
- Track status and await selection committee review.
Key Deadlines
| Event | Date |
|---|---|
| IBSAT Registration Deadline | December 1, 2025 |
| Scholarship Application Deadline | January 15, 2026 |
| Result Announcement | February 15, 2026 |
| Fee Payment Deadline (Post-Scholarship) | March 15, 2026 |
Scholarship Benefits & Coverage
- Tuition Fee Waiver: 20%-100% (₹1.67-₹8.34 lakhs/year) for the ₹16.68 lakhs PGPM program.
- Hostel Fee Concession: Up to 30% for need-based recipients (approx. ₹30,000/year savings).
- Stipends: ₹10,000/month for top 10 merit scholars during internships.
- Number of Scholarships: 200+ awarded annually across categories.
