IBS MBA Admission 2023: ICFAI B-Schools to Commence Academic Session on May 15, 2023 with Registration across Campuses; Registers Highest Salary of Rs.58 LPA in Placement 2023 with 700 Companies at Campus

While IIMs, XLRI, FMS and other top B-schools yet to decide their session commencement date, ICFAI University, an AACSB Accredited and UGC recognized university has announced to commence the academic session 2023-24 for the MBA 2023-25 batch for all the 9 ICFAI B-schools on May 15, 2023 with the registration of the students across all its nine campuses. This year placement season for the class of 2023 received a good response from the Industry. With a placement rate of over 96%, ICFAI students have achieved good success in securing jobs with some of the top companies across the world. The highest salary per annum stands at Rs.58 lakhs, with 21 international placements and more than 700 recruiters visiting ICFAI campuses.

IBS MBA admission 2023 in all the ICFAI B-Schools is offered through the IBSAT entrance exam and also through CAT/GMAT/NMAT exams.

​IBS (ICFAI Business School) MBA & PGPM Admission 2023: Apply Now

Important Dates & Details for ICFAI B-Schools MBA 2023-25 Batch

• The last date of application was April 26, 2023: Candidates can still explore admission opportunity
• The selection process is conducted in an online mode.
• The online process will comprise of Micro presentation and Personal Interview.
• Registration date for Semester – I:  May 15, 2023; Registration is a formal reporting activity where students have to physically report at campus.
• Academic activity in the form of Induction Sessions commences from May 16, 2023.
• These classes cover the basics of all the subjects and help students in gaining a fundamental knowledge of all relevant courses to be taught subsequently.
• Induction Sessions are conducted to provide an understanding about management education and its importance for student career growth.

ICFAI application form is common for admission to MBA/PGPM programs where application process is open namely - IBS Ahmedabad, IBS Gurgaon, IBS Dehradun, IBS Kolkata, and IBS Pune campuses. Candidates can apply Online or Offline and purchase IBS Bulletin by making payment of Rs 1800. However, ICFAI Hyderabad, Bangalore, Jaipur & Mumbai have closed the application for MBA admission 2023.

ICFAI B-Schools offer 4000+ MBA and PGPM seats at their 9 campuses. The MBA and PGPM programmes are offered by 9 ICFAI Business Schools including IBS Hyderabad, Mumbai, Pune among others at moderate fee. Each ICFAI Business School (IBS) has offered strong placements year after year.

Read this article below to check key IBS USPs, bouquet of MBA programmes offered, IBS MBA Fees, Placements, Intake, IBS MBA admission criteria, Important Dates for IBS MBA admission 2023 among other details

Table of Contents
In this article, we shall cover:

1. IBS Key Highlights and USPs
2. IBS MBA Programs, Intake and Admission Status
3. IBS MBA Fees 2023-25 batch
4. IBS Placement 2022-campus wise
5. IBS Scholarships
6. IBS MBA Eligibility Criteria
7. How to Apply for ICFAI MBA Admission 2023
8. ICFAI MBA Admission Criteria 2023: Key Points & Step by Step Process

Let us start with why you should consider and to apply for ICFAI Business School admission alongwith other top B-schools.

1. ICFAI Business Schools: Key Highlights & USPs

• 1.1 IBS Hyderabad Ranked Among Top B-schools: ICFAI Business School (IBS)-Hyderabad is a constituent of the ICFAI Foundation for Higher Education (IFHE), a Deemed University as per the UGC Act 1956. Established in 1995, IBS-Hyderabad is one of the top business schools in India. IBS Hyderabad is ranked #32 in Government of India, MHRD NIRF Ranking 2022 among top 125 Management Institutes of India
• 1.2 Top Accreditations: IBS-Hyderabad is Accredited by AACSB International, the top international accreditation body. ICFAI Hyderabad is also among the first three B-Schools from South Asia to be SAQS accredited by AMDISA. IBS Hyderabad was among the first B-Schools to be graded by CRISIL with a grade of A** at the national level and A ***at the state level.
• 1.3 Nine IBS Colleges with 4500+ MBA Seats Offer Quality Education: The 9 IBS Institutes located in Hyderabad, Mumbai, Pune, Kolkata, Gurgaon, Jaipur, Dehradun, Ahmedabad and Bangalore (Off campus of IBS Hyderabad) are governed by ICFAI Foundation and are known for excellence in management education. IBS Institutes develop the resources with right set of knowledge, skills and attitudes to meet the requirement of the corporate world
• 1.4 Concept of IBS TRICK:  As a business school known for excellence in education, IBS Hyderabad has the vision to develop lifelong resources to the industry by integrating teaching, research, institution building, knowledge sharing and community development (coined as IBS TRICK). 
• 1.5 Moderate IBS Fees: Two years MBA/PGPM programme fee at 9 different campuses of ICFAI B-schools is in the range of Rs.6 lakhs to 16 lakhs which is lower than many top B-schools
• 1.6 Strong IBS Placements: All the nine campuses of ICFAI B-schools have registered consistently strong placements over the years. Average Placement 2022 in IBS colleges is in the range of 6 to 9 LPA, while highest placement 2023 has gone up at Rs.58 LPA. 21 students have received international offers
• 1.7 Top Recruiters: IBS Campuses have witnessed 700 Prominent companies participating in placement 2023. Some of the top recruiters are Oracle, Cognizant, Deloitte, Goldman Sachs, JP Morgan, Accenture, KPMG, Tolaram Group, HCL, PWC, EY, Aditya Birla Group, Tata Capital, Capgemini, Tech Mahindra, Genpact, ICICI Bank, NSE, Arcesium among others
• 1.8 Qualified and Experienced Faculty: ICFAI B-schools have faculty members pool with a blend of strong academic experience and strong industry experience which ensures rich learning. The ICFAI Business Schools believe that return on investment (ROI) depends on return on knowledge (ROK)
• 1.9 Course Design: The courses at IBS B-Schools are designed to help bridge the gap between management theory and practice. IBS B schools provide good academic delivery and infrastructure to its students. The two year full time management program prepares students to accept the challenges in future and equip them for successful corporate careers.

2. ICFAI Business Schools Programs Offered, Seats, Admission Status
The management programs offered by 9 ICFAI B-schools are different at different campuses. While MBA program is offered by IBS Hyderabad, IBS Bangalore (Off campus of IBS Hyderabad), IBS Dehradun and IBS Jaipur, the PGPM (Post Graduate Program in Management) program is offered at IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune campuses.

ICFAI Business Schools offer General MBA degree as well as MBA in Financial Economic and Family Business to their students.  These nine campuses of IBS B schools have 40000 alumni with strong interface to industry, which help in continuous student industry interaction and good placement. Apart from the 2 years MBA/PGPM programs, IBS offers the 4-year Ph. D program (Full Time/Part Time) at IBS Hyderabad

Below are shared the key details about the IBS MBA  programmes offered, Seats campus wise admission status:

For more details, Ctrl+click on the respective IBS college 

3. IBS MBA Fees
Below is shared the campus wise ICFA Business School Fees for 2 years MBA/PGPM programme

3.1 IBS MBA Fees Concession: Offered at IBS Jaipur & Dehradun
The candidates selected for the MBA program of IBS Dehradun and IBS Jaipur who are from the respective state will be awarded fee concession of Rs.50,000. The fee concession will be given in five equal installments. The students have to produce domicile certificate from the Tahsildar/MRO/ Municipality Office.

4. IBS Placements 2023 & 2022
ICFAI business schools have recorded consistently strong placements over the years. Since its inception in 1995, IBS has been one of the best B-Schools in the country, providing excellent academic delivery and infrastructure to its students. IBS offers innovative and globally accepted programs and opportunities for all-round development. 100% case-based learning is unique to IBS. IBS transforms its students into leaders of the future. IBS campuses are located at Ahmedabad, Bangalore, Dehradun, Gurgaon, Hyderabad, Jaipur, Kolkata, Mumbai and Pune. They offer two-year, full-time Management Programs to prepare the students and equip them for successful corporate careers.

4.1 ICFAI B-Schools Placements 2023: Key Highlights
The placement session for the class of 2023 received a good response from the Industry. With a placement rate of over 96%, ICFAI students have achieved remarkable success in securing jobs with some of the top companies across the world.

• Highest CTC per annum stands at Rs.58 lakhs
• 21 international placement offers
• 700 recruiters visiting ICFAI Campuses
• Top recruiters include Oracle, Cognizant, Deloitte, Goldman Sachs, JP Morgan, Accenture, KPMG, Tolaram Group, HCL, PWC, EY, Aditya Birla Group, Tata Capital, Capgemini, Tech Mahindra, Genpact, ICICI Bank, NSE, Arcesium among others

4.2 ICFAI B-Schools’ Placements 2022
ICFAI Campus wise placements 2022 in IBS colleges are shared below

4.3 Top Recruiters in IBS Placements 2022
Prominent companies participated in placement 2022 at the IBS campuses. Some of the marquee recruiters include PwC, Deloitte, BYJU’s, ICICI Bank, TCS, Wipro, JP Morgan, KPMG, BlackRock Services, ICICI Securities, Ernst & Young, Planet Spark, Genpact, Evalueserve, ICICI Prudential Life Insurance, CB Richard Ellis, IDFC First Bank, Axis Bank, Bright Champs, Credit Agricole, L&T, JARVIS, LIDO, Maruti Insurance, Nielsen, No Paper Forms, Practo Technologies, S&P Global, Saint Gobain Glass, Tata AIG, Tech Mahindra, Vedantu, ZF India, Zycus

5. IBS Scholarships
ICFAI Business School has increased the number of scholarships up to INR 10 crores. These scholarships are disbursed across various categories of candidates. The various categories of candidates include meritorious students, wards of ICFAI Business School (IBS) Alumni, wards of defence personnel, and persons with disabilities. The reasons for creating these categories for scholarships are: 

• ICFAI Business School (IBS) in 25+ years of its existence produced above 62000
• Alumni working in India and abroad.
• The defence personnel striving hard to ensure the nation’s security
• ICFAI is helping persons with disabilities is a part of social responsibility.

5.1 Following ICFAI Scholarships are announced:

• IBS Merit Scholarships: ICFAI Business School (IBS) last year introduced Merit scholarships to candidates who have shown exceptional performance in various Management Education Entrance/Admission Tests. The amount announced was INR 4 crores last year and it is INR 10 crores this year. The scholarship amount of Rs.10 core will be disbursed under the ICFAI Business School Scholarship program as :
• Scholarship for IBSAT Takers: ICFAI Business School (IBS) offers scholarships to the top 200 candidates who qualify for IBSAT securing a cut-off in IBSAT. The scholarship amount per candidate is Rs.2 lacs. 
• Scholarship for NMAT Takers: Top 100 NMAT rankers who have applied for IBS are offered Rs.2 lacs scholarship each.
• Scholarship for CAT Qualified Students: For top 75 CAT-qualified students, who have applied for IBS are offered Rs.2 lacs scholarship each.
• Scholarship for XAT Qualified Students: The Top 25 XAT-qualified students, who have applied for IBS are offered 25 scholarships of Rs.2 lacs each
• Scholarship for GMAT Qualified Students: For GMAT-qualified candidates scholarships of Rs.2 lacs each are offered for top 25 who have applied for IBS.
• Scholarship for CA/CS/CFA/ICWA: The scholarship amount for CFA/CA/CS/ICWA qualified is Rs.2 lacs but they have to qualify for the entrance test before Dec 2022. The total number of scholarships for them is 25.
• IBS Alumni Scholarship: Scholarships for wards of IBS Alumni are also awarded. The  candidates should qualify for any of the entrance exams (IBSAT/NMAT/CAT/XAT and GMAT) with the respective cut-offs. The total number of scholarships for them is 25. The amount of scholarship is Rs.2 lacs.

IBS Scholarship for wards of Defence Personnel: The students should qualify for any of the entrance exams (IBSAT/NMAT/CAT/XAT and GMAT) with the respective cut-offs. The total number of scholarships for them is 15. The amount of scholarship is Rs.2 lacs.

IBS Scholarship for physically challenged candidates: The students should qualify for any of the entrance exams (IBSAT/NMAT/CAT/XAT and GMAT) with the respective cut-offs. The total number of scholarships for them is 10. The amount of scholarship is Rs.2 lacs. The scholarship amount will be adjusted in the first and second semesters after the enrolment in ICFAI Business School (IBS) during the payment of the fees. This is also subject to certain terms and conditions.

6. IBS MBA Eligibility for Admission 2023
IBS MBA eligibility requirements for admission 2023, prescribed by ICFAI Foundation for Higher Education are:

6.1 Graduate in any discipline
Minimum eligibility criteria required is the graduation in any discipline with not less than 50 percent marks. The candidates in their final year of graduation are eligible to apply provided they are able to complete their graduation including any type of practical etc. examination before May 31, 2023. 

6.2 Minimum Education of 15 Years till graduation
Candidate must have gone through minimum 15 years of regular education i.e. 10+2+3 or 10+2+4 basis.

6.3 English Medium Education needed or submit TOEFL/NELT/IELTS scores
Candidates applying for IBS admission 2023 should ensure that they have studied with English as medium of instruction. Applicants not meeting the criteria of English as medium of instruction at undergraduate level are supposed to submit the TOEFL/NELT/IELTS score by May 31, 2023.

7. How to Apply for ICFAI Business Schools Admission 2023?
You can apply online or offline for ICFAI Business Schools Admission 2023 with an application fees of Rs.1800 with your CAT/XAT/NMAT/GMAT exam. Online and Offline Application process is as below:

7.1 Apply Online

• You may apply online by clicking the application link and providing your Personal and contact details.
• On submission of your details, you will be guided to the payment page.
• On payment of requisite amount, a confirmation email will be sent to the email id provided by you.

7.2 Apply Offline

• Application form is available at IBS marketing offices located across India
• You may locate your nearest branch by clicking the admission link at IBS admission website and purchase the Bulletin by paying the requisite application fee of Rs.1800/- in cash and apply

IBS (ICFAI Business School) MBA & PGPM Admission 2023: Apply Now

8.  ICFAI MBA Admission Criteria 2023: Key Points & Step by Step Process
Here are the key highlights of IBS Admission 2023 process:

8.1. IBS MBA Admission 2023: Acceptable Entrance Exams
All the 9 campuses of ICFAI Business Schools will accept following exam score for MBA admission 2023

8.1.1. IBSAT 2022: Exam held on December 24 & 25, 2022
Gateway to IBS MBA Admission, IBSAT is the MBA entrance exam for admission to IBS Hyderabad and 8 other ICFAI B-schools. IBSAT 2022 exam dates were December 24 & 25, 2022. It was a computer based test of two hours duration. Read all about IBSAT exam

8.1.2 IBS MBA Admission Based on CAT/NMAT/GMAT Scores
ICFAI Business schools also offer admission opportunity through CAT/NMAT/GMAT scores.

• Scores from 2020 onwards for CAT/ NMAT by GMAC/GMAT/ SNAP/ XAT/ MAT/ CMAT/CET (Maharashtra) and any other State Level Test are accepted for admission
• Candidates with high scores in any of the above exams do not require to appear in IBSAT 2022 and may apply for MBA admission in ICFAI B-schools directly.
• The candidates can apply with their CAT, NMAT by GMAC or GMAT scores. They can update scores online. On updating of scores, Selection process call letter will be issued.  

8.2 IBS MBA Admission 2023: Selection Process for Applicants

• Candidates who have qualified will be called for the selection process at IBS campuses at IBS Hyderabad (Application Closed), IBS Ahmedabad, IBS Bengaluru (Application Closed), IBS Gurgaon, IBS Dehradun, IBS Jaipur, IBS Kolkata, IBS Mumbai and IBS Pune
• The selection process comprises of Group Discussion and Personal Interview
• The final selection is based on past academic record and performance of the candidates in Group Discussion and Personal Interview

Hope you found this article helpful with the details on USPs, fee, intake, placements and step by step admission process of ICFAI business schools. It will help you in taking a right decision on MBA admission 2023. Application process at 7 IBS colleges is open. Apply Now

Stay tuned to MBAUniverse.com for more updates on IBS Hyderabad and other ICFAI Business Schools 

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