ICFAI Business School (IBS) Overview

ICFAI was established in 1984 as a not-for-profit society with the broad objective of empowering student community through world class quality education. The Institute announced its arrival into the Indian education by innovatively launching the Professional Program in Financial Analysis in 1985. ICFAI Group has made a significant mark in the Indian educational field with a pan-Indian network and presence.

ICFAI Group started its chain of business schools: ICFAI Business Schools (IBS), across India in 1995 to offer management program. Since its inception, IBS has been consistently ranked among the top Business Schools of India providing excellent academic delivery and infrastructure to its students and transforming them into leaders for the future.

ICFAI Business School (IBS Campuses)

Since its inception in 1995, ICFAI Business School (IBS) has been one of the best B-schools in the country providing excellent academic delivery and infrastructure to the students. We have a unique culture that emphasises action over just academic thinking. Our case study methodology, emphasis on entrepreneurship, innovation and problem solving underline the need for ‘doing’ rather than just ivory tower thinking.

IBS campuses located at Hyderabad, Bangalore, Dehradun, Jaipur offer MBA program and Ahmedabad, Gurgaon, Kolkata, Mumbai and Pune offer a two year Postgraduate Program in Management. The Program prepares the students and equip them for successful corporate careers.

IBS Hyderabad, Bengaluru, Dehradun and Jaipur are Universities and campuses offering PGPM program are independent professional institutions and are neither affiliated to nor are off-campus centers of any University.

IBS campuses are committed to achieving excellence in teaching and research by focusing on the necessary hardware (like infrastructure, library, computers etc.) and software (like pedagogy, learning frameworks, e-learning kits, databases, software etc.). Faculty members are encouraged to pursue teaching and research projects, publish research articles in refereed journals and participate in various national and international research seminars and Conferences.

Students are encouraged to get involved in several co-curricular and extracurricular activities for all-round personality development. Internships and placements are given utmost importance. Every year several leading companies visit IBS campuses for summer internships and final placements. Career Management Centers located at IBS campuses guide the students on placement matters. The alumni fraternity, growing from year to year, actively participates in the development of IBS campuses.

List of ICFAI Business School (IBS) Campuses

• ICFAI Business School – [IBS], Pune

• ICFAI Business School – [IBS], Ahmedabad

• ICFAI Business School – [IBS], Jaipur

• ICFAI Business School – [IBS], Gurgaon

• ICFAI Business School – [IBS], Dehradun

• ICFAI Business School – [IBS], Bangalore

• ICFAI Business School – [IBS], Mumbai

• ICFAI Business School – [IBS], Kolkata

• ICFAI Business School, (IBS) Hyderabad

IBS has a unique and innovative approach to business education, that focuses on providing the right knowledge, imparting the right skills for enduring success in management careers, and shaping the right attitudes.

IBS Hyderabad

A picturesque campus near India’s Cyber City, with world class facilities and cutting-edge training, means IBS Hyderabad students come out as some of India’s best trained managers.

IBS Mumbai

Set in the financial and industrial capital of India, IBS Mumbai leverages academic rigour with close industrial interaction to bring out the best of every student on campus. The excellent faculty members and state-of-the-art facilities make the intense transformation from student to manager smooth.

IBS Bengaluru

Set in India’s IT hub, a city that has lent itself to a verb in the English language, IBS Bengaluru brings together the finest faculty and students.

IBS Kolkata

Set in the vibrant and intellectual ‘City of Joy’, IBS Kolkata is committed to training the best managers by combining academic rigour and active industry interface.

IBS Ahmedabad

Set in India’s fastest growing state, IBS Ahmedabad has soared to great heights through academic rigour and regular industry interaction.

IBS Gurgaon

ICFAI Business School (IBS) Gurgaon, set in the fast growing corporate city of Gurgaon, has been achieving its vision of creating a new class of managers for the uber-competitive business world.

IBS Pune

Set in the city known as “the Oxford of the East”, IBS Pune has lived up to the reputation of the city by providing world-class management education. The rise of Pune as a corporate centre and its proximity to Mumbai means there is ample scope for applying classroom learning to real life problems.

IBS Dehradun

Set in the picturesque foothills of the Himalayas, also known as one of the “Counter Magnets” of the NCR, IBS Dehradun leverages on its proximity to Delhi by providing holistic management education along with regular industry interaction. State-of-the-art infrastructure coupled with academic rigour, enables IBS Dehradun to create a new breed of managers for the ever evolving business world.

IBS Jaipur

IBS Jaipur, set in the “Pink City” or “Paris of India”, brings together excellent infrastructure along with the finest faculty to train and develop every student into a manager who is ready to perform in the corporate world.

ABOUT ICFAI MBA

MBA / PGPM Program

The MBA/PGPM Program is unique with case-based learning, state-of-the-art infrastructure, emphasis on acquiring practical skills, establishing strong industry interface culminating in getting excellent final placements.

Program structure subject to change

Electives

The students can pursue elective courses in the streams of Finance, Marketing, Human Resource Management, Operations and IT and Health Care Management. Each student must choose elective courses equivalent to 24 credit units. To specialise in a particular stream (Finance, Marketing, HR, Operations), the students are required to choose 15 credit equivalent elective courses.

IBS Courses Offered 2026

MBA / PGPM Program

Duration: 24 in Months

The MBA Program is unique with case-based learning, state-of-the-art infrastructure, emphasis on acquiring practical skills, establishing strong industry interface culminating in getting excellent final placements for all its MBA graduates. On successful completion of the program students will be awarded an MBA Degree from ICFAI Foundation for Higher Education (Deemed to the University), Hyderabad. 

The program comprises 31 courses (of which 23 are compulsory and 8 are electives) and an intensive Summer Internship Program for 12 weeks. These courses are spread over four semesters

The students can pursue elective courses in the streams of Finance, Marketing, Human Resource Management, Operations and Information Technology and Systems. Each student must choose elective courses equivalent to 24 credit units. 

To specialise in a particular stream (Finance/Marketing/HR/Operations/IT and Systems), the students are required to choose 15 credit equivalent elective courses.

Program Fee Structure - 2026–2028 Admissions Cycle

The following are the program fees for the MBA, PGPM, and PhD programs across IBS campuses.
(All fees are for 2 years unless stated otherwise and are in INR Lakhs.)

MBA / PGPM Program Fees

Ph.D Program in Management – IBS

IBS aims to develop future management researchers and faculty through innovative, interdisciplinary training focused on modern research methods and sustainable, policy-driven solutions.

Specializations (Full-time): Marketing, Finance, Operations, HR
Modes: Full-time & Part-time

Program Structure

4 Phases:

1. Coursework

2. Qualifying Examination

3. Thesis Proposal

4. Thesis Work & Submission

Duration: 4 years (Full-time)

• Year 1: Coursework + Summer Research + Qualifying Exam

• Year 2–3: Thesis proposal development & research seminars

• Year 4: Thesis completion & submission

Part-time Program:

• Ideal for working professionals & faculty

• Coursework spread over 2 years

• 9-day campus visit each quarter

• Same research milestones as Full-time

The program is rigorous, updated to global standards, and designed to produce high-quality researchers and teachers in management.

PhD Fee

Full-time Ph.D Fee & Fellowship (IBS)

• Admission Fee: ₹40,000 (pay by April 20, 2025).

• Program Fee: ₹60,000 per semester (fully waived as financial assistance, subject to academic performance).

Fellowship / Stipend

• Pre-Ph.D (1st year MBA pathway): ₹20,000/month + free hostel.

• Full-time Ph.D (1st year): ₹25,000/month + free hostel.

• After qualifying exam: ₹35,000/month.

• After thesis proposal defense: ₹40,000/month (up to 4 years total).

• Professional Development Grant: ₹20,000 per year (4 years).

• Students must support teaching/research/admin work for up to 10 hours/week.

• On withdrawal, the student must refund all financial assistance received.

Part-time Ph.D Fee (IBS)

• Admission Fee: ₹40,000.

• Program Fee: ₹60,000 per semester for 8 semesters.

• No fee waiver or stipend.

• First installment due on July 1, 2025.

Career
Graduates may join any organization or apply for faculty roles at IBS/IFHE based on vacancies.

IBS Admissions 2026

To apply for IBSAT 2025, start by registering and paying the Rs 1800 application fee. Next, take the IBSAT test or submit scores from CAT, NMAT by GMAC™, XAT, or GMAT™. Note that IBSAT is an online remote-proctored test. After the test, wait for the results announcement. If shortlisted, you will receive an invitation to the selection process at the IBS campus, which includes Micro Presentation and Personal Interview rounds. Finally, upon successful completion, you will receive admission confirmation and campus allocation.

The admission to IBS, MBA and PGDM program happens through IBSAT. IBSAT is a Computer Based Test (CBT) and consists of multiple-choice questions. IBSAT is a two-hour exam designed to gauge a candidate's proficiency in quantitative methods, data interpretation, data sufficiency, vocabulary, analytical thinking, and reading comprehension.

Important Dates

IBS Admissions 2026 Process for IBSAT

How to Apply

A single application form is used for admission to the MBA/PGPM programs across all IBS campuses and the PhD program at IBS Hyderabad.

The IBSAT Bulletin can be purchased for ₹1,800 through the following modes:

1. Online Purchase

• Fill in your basic details and proceed to the payment page.

• Once the payment is completed, you will receive a confirmation email.

• The IBSAT Bulletin will be delivered within a week.

2. Marketing Offices

• You can also buy the IBSAT Bulletin directly from IBS marketing offices by paying the fee in cash.

Eligibility Criteria

MBA / PGPM Programs

• Graduation in any discipline with 50% or above, with English as the medium of instruction.

• Minimum 15 years of education (10+2+3 or 10+2+4).

• Final-year students may apply, provided all graduation requirements are completed by May 31, 2026.

• All academic documents must be submitted by November 1, 2026, or admission will remain provisional.

• Applicants who did not study in English medium must submit a TOEFL/NELT/IELTS score by May 31, 2026.

• Eligibility verification begins August 2026, and meeting the criteria is the sole responsibility of the candidate.

PhD in Management

To apply for the PhD program, candidates must have:

Academic Requirements

• Graduation with 50% or above, with English as the medium of instruction, and

• Any one of the following:

1. Full-time Post-graduation in Management with a specialization in Marketing, Finance, HRM, or Operations and 55% or above from a UGC-recognized university.

2. Full-time Post-graduation in Economics, Commerce, Psychology, Sociology, Public Administration, Statistics, Mathematics, or related fields with 55% or above from a UGC-recognized institution (India or abroad).

   • Candidates under this category must complete first-year MBA courses as a prerequisite.

3. A professional qualification such as CFA/CA/CWA/CS with 55% or above.

• Applicants not educated in English medium must submit TOEFL/NELT/IELTS scores by May 31, 2026.

IBSAT Admission Test

IBSAT is an online aptitude test conducted by ICFAI Foundation for Higher Education (Deemed University under UGC Act Section 3).

• Mode: Computer-Based Test (CBT)

• Duration: 2 hours

• Question Type: MCQs

• Sections:

  • Quantitative Techniques

  • Data Interpretation & Adequacy

  • Vocabulary

  • Analytical Reasoning

  • Reading Comprehension

Alternate Exams Accepted

Candidates with valid scores in the following are exempt from IBSAT 2025:

• GMAT®

• NMAT by GMAC™

• CAT

• XAT
  (Scores from 2023 onwards are accepted)

Campuses Accepting These Tests

• IBS Hyderabad & IBS Bangalore – MBA & PhD

• ICFAI University Dehradun & Jaipur; The Icfaian Foundation – MBA

• IBS Ahmedabad, Gurgaon, Kolkata, Mumbai, Pune – PGPM

Selection Process

Candidates shortlisted through IBSAT 2025 or GMAT/NMAT/CAT/XAT scores will be invited for the Selection Process in February 2026, which includes:

• Micro Presentation (MP)

• Personal Interview (PI)

Final Selection Criteria

• Academic performance

• Micro Presentation score

• Personal Interview performance

Program Fees (Per Year)

Exam Accepted and Cut offs

IBS Admissions Office
#65, Nagarjuna Hills
Punjagutta
Hyderabad – 500082
Telangana
Telephone Board: 040 – 23440963
Toll Free:1800 425 55 66 77
Email: [email protected]