School Expert Q&A: ICFAI Business School

About the Program

Name of the school? ICFAI Business School

School location? Hyderabad, Mumbai, Gurgaon, Bangalore, Pune, Ahmedabad, Kolkata, Jaipur and Dehradun

Year school started? 1995

Any ranking of the school? 40th Rank in NIRF for IBS Hyderabad

Name of the program? 2 yrs. Full Time Management Program MBA from Hyderabad,Bangalore,Jaipur and Dehradun campus. 2 yrs. Full Time Management Program PGPM from  Mumbai,Pune,Gurgaon,Kolkata and Ahmedabad.Admission Criteria

NMAT score range? 150+

Work Experience requirement, if any? NO

Interview Process:

The Personal Interview is an important part of the Selection Process. Each candidate will be interviewed for 5-7 minutes. The interview panel will focus on assessing the attitude and aspirations of the candidates besides evaluating their General Knowledge, communication skills, clarity of thought and expression, as well as aptitude for a career in management.

Micro Presentation: 

A Micro-Presentation in Selection process is a brief talk or presentation where candidates

demonstrate their communication, presentation skills, and ability to think quickly on their feet.

Candidates have the opportunity to select one topic out of three. The format allows for 4 minutes in total: 1 minute for preparation and 3 minutes for delivering the presentation.

Any other requirements in the admissions process? The final selection is based on past academic record and performance of the candidates in Micro Presentation and Personal Interview

What is the Application Process?

How does one apply for the programme? Candidates can apply through IBSAT 24, alternatively valid GMAT™/NMAT by GMAC™ / CAT & XAT scores from 2022 onwards are also acceptable, those who are qualified based on the scores will be called for the selection process at IBS Hyderabad in the month of Feb/March 2025. In both the above mentioned cases the candidates have to fill the IBSAT 24 application form compulsorily.

What is the Application fee? Rs.1800 (Kindly note: - Even if the candidates are applying through their valid GMAT™ or NMAT by GMAC™ scores, still the candidates have to fill the IBSAT 24 application form compulsorily)

Where do I get a copy of the Application form?  Apply online on www.ibsindia.org/admissions or offline at IBS Information Offices across India. For IBS Information Offices - http://www.ibsindia.org/contact-us

When does the application process start? 1st July

What is the last date to apply? 3rd week of December

What is the Admission Process?

Candidates can apply through IBSAT 24, alternatively valid GMAT™/NMAT by GMAC™ / CAT & XAT scores from 2022 onwards are also acceptable, those who are qualified based on the scores called for the selection process at IBS Hyderabad in the month of Feb/March 2025. In both the above mentioned cases the candidates have to fill the IBSAT 24 application form compulsorily.

What was the NMAT score cut-off for accepted students for 2023 intake? 150+

What constitutes work experience? Work experience is not compulsory. Fresher’s can also apply.

When should I expect an invitation for an interview? In the month of January

Who should I contact if I have a question regarding my application?

Contact the Admission Office in Hyderabad at ibsat@ibsindia.org or reach us by calling our toll-free number 1800 425 556677 and share your phone number and email address when contacting us.

Fees & other expenses?

What is the estimated cost for the entire program for a student?

• The fee for 2 Years MBA program at IBS Hyderabad campus is Rs. 17.01 lakhs
• The fee for the 2 Years MBA program at Bangalore (Off campus of IFHE) is Rs. 13.05 lakhs.
• The fee for the 2 Years MBA program at IBS Dehradun is Rs.7.02 lakhs.
• The fee for the 2 Years PGPM program at IBS Jaipur is Rs. 8.01 lakhs.
• The fee for the 2 Years PGPM program at IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune campuses is Rs. 9.09 lakhs.

What is the cost of living for the duration of the programme? Rs.3 lacs to Rs.4 lacs based on campus

Are there other costs to be taken into consideration? If yes what? NA

What is the financial support option available to students?

What are the scholarship options available for NMAT by GMAC students? NA

What are the criteria for determining scholarship applications? NA

What are the options of availing a loan? Banks or NBFCs offer education loan to students of IBS

What is the amount of loan that a student is eligible for and what are the documents required? 80% to 95% at collateral security

At what rate of interest is the loan available? What is the date from which loan repayment begins? What is the maximum period in which a loan is to be repaid?

• Rate of Interest – 8.5% to 13.5%
• Loan Repayment – After completion of program period + one year (after 3 years)
• Loan Period – 7 to 10 years
• Does the Institute/School help in getting a loan? Yes

Curriculum/Faculty/Student Exchange/Hostel accommodation facilities of the school ?

How many intakes in a year and when? 4000 to 4500 across all IBS campuses. May 2nd week preparatory classes and June 1st onwards regular classes

Size of the intake? 4000–4500 across all IBS campuses

What are the specializations available? Marketing, Finance, Information Technology, Human Resource, Operations and dual specializations

What is the geographical representation of the candidates at your school? Any student exchange programs available at your school? Pan India, NO

What % of the batch finds jobs within 3 months of graduation? 95%

What is the mean starting salary of a class after graduation? Rs.7.61 LPA for all campuses, for IBS Hyderabad 9.71 LPA and IBS Mumbai 8.03 LPA.

What are the key sectors represented in recruiters for this programme? BFSI, IT/ITES and Consulting

Share with us the names of some top recruiters for this programme? Bank of America KPO, Capgemini, Cognizant Technology Solutions, Deloitte Financial Advisory Services India Pvt Ltd., Edelweiss Broking Ltd., Federal Bank, Genpact India, HDFC Bank, ICICI Bank, KPMG, J.P.Morgan Services India Pvt. Ltd., PwC US Advisory, TCS, WIPRO Ltd, Zenoti & Tolaram Group

Does your school run any initiatives to promote classroom diversity? If yes please share details. Students are allotted sections based on their stream of graduation and geographical distribution.