ICFAI Business School (IBS) Mumbai, established in 1995, is a leading management institution that offers a two-year Postgraduate Program in Management (PGPM). The institute is recognised by the UGC and approved by AICTE.
Admission to the PGPM program is based on IBSAT, CAT, XAT, NMAT by GMAC, or GMAT scores, followed by a Micro Presentation and Personal Interview (PI). The IBS Mumbai MBA fees (PGPM) is INR 9,09,000 for the entire duration.
IBS Mumbai has consistently maintained strong placement performance. During the 2025 placement season, the institute recorded a 95% placement rate. The highest package offered stood at INR 20 LPA, while the average package reached INR 7.89 LPA. Major recruiters included HDFC Bank, ICICI Bank, TCS, Deloitte, Wipro, Oracle, and MyGate. The campus features modern classrooms, seminar halls, syndicate rooms, and advanced learning infrastructure designed to support interactive management education.
Table of Contents
IBS Mumbai Highlights 2026
The highlights of the ICFAI Business School Mumbai have been tabulated below:
| Particulars | Details |
| Full Name | ICFAI Business School Mumbai |
| Establishment Year | 1995 |
| Institute Type | Private |
| Approved By | AICTE |
| Recognised By | UGC |
| Location | Mumbai, Maharashtra |
| Flagship Program | PGPM |
| Total PGPM Fees | INR 9,09,000 |
| Placement Rate (2025) | 95% |
| Highest Package | INR 20 LPA |
| Average Package | INR 7.89 LPA |
| Official Website | https://ibsindia.org/ibs-mumbai/ |
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How to Reach |
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IBS Mumbai Courses and Fees 2026
ICFAI Business School offers a full-time two-year PGPM program. The total fees of PGPM/MBA at IBS are INR 9,09,000. Here are the details of the IBS Mumbai Courses and Fees:
|
Course |
Selection Process |
Eligibility |
Total Fees (INR) |
Application Link |
|
PGPM |
Graduation with 50% marks |
9,09,000 |
Apply Now |
IBS Mumbai Admission 2026
IBS Mumbai accepts scores from IBSAT (conducted by ICFAI Mumbai). Candidates must first register and apply online by paying the application fee. Shortlisted candidates are invited to participate in further selection rounds, which include a micro-presentation and a personal interview. The ICFAI Business School Mumbai admission process is as follows:
| Admission Stage | Details |
| Online Application | Candidates must fill out the IBS application form through the official admission portal using valid personal, academic, and entrance exam details. |
| Entrance Exam Score | Students can apply using valid IBSAT, CAT, XAT, NMAT by GMAC, or GMAT scores for admission to the PGPM program. |
| Shortlisting Process | The institute shortlists candidates based on entrance exam scores, academic profile, and overall eligibility criteria. |
| Micro Presentation | Shortlisted candidates participate in a Micro Presentation round where they present their thoughts on a given topic to assess communication skills and confidence. |
| Personal Interview (PI) | Candidates appear for a Personal Interview focused on academics, career goals, personality, communication skills, and management aptitude. |
| Final Selection | Final admission is based on overall performance in entrance exams, Micro Presentation, PI rounds, and academic consistency. |
| Admission Confirmation | Selected students must pay the prescribed admission fee and complete document verification to confirm their admission. |
IBS Mumbai Placement 2026
IBS Mumbai placement statistics for 2026 are not available yet. However, the institute has achieved 95% placements in 2025. Its major recruiters include HDFC Bank, ICICI Bank, TCS, MyGate and more. The detailed ICFAI Business School Mumbai placement statistics are shown below:
|
Placement Statistics (Class of 2024) |
Details |
|
Placement Rate |
95% |
|
Highest Domestic Package |
INR 20 LPA |
|
IBS Mumbai MBA Average Package |
INR 7.89 LPA |
|
Top 10% Average Package |
INR 11.97 LPA |
|
Top 25% Average Package |
INR 10.67 LPA |
|
Top Recruiting Companies |
HDFC Bank, ICICI Bank, TCS, MyGate |
IBS Mumbai Rankings 2026
The 2026 rankings of IBS Mumbai are not available yet. However, in 2024, the institute secured 55th rank under the ‘MBA’ category by the IIRF Rankings. The detailed IBS Mumbai rankings are shown below:
|
Ranking Authority |
Rank |
Year |
|
IIRF |
55 |
2024 |
|
IIRF |
74 |
2023 |
IBS Mumbai FAQs
Is IBS Mumbai approved by AICTE?
Yes, IBS Mumbai is approved by AICTE and recognised by the UGC for management education.
What is the total fee for the IBS Mumbai PGPM program?
The fee for the PGPM program at ICFAI Business School is INR 9,09,000 for the complete two-year duration. Students are also required to pay a refundable caution deposit separately.
What is the average package offered at IBS Mumbai?
The average package offered during IBS Mumbai Placement 2025 was INR 7.89 LPA, while top-performing students secured significantly higher salary packages.
What is the highest package offered at IBS Mumbai?
The highest package offered during the IBS Mumbai Placement 2025 season stood at INR 20 LPA.
Which entrance exams are accepted for IBS Mumbai admission?
IBS Mumbai accepts IBSAT, CAT, XAT, NMAT by GMAC, and GMAT scores for admission to the PGPM program.
Who are the top recruiters at IBS Mumbai?
Major recruiters at IBS Mumbai include HDFC Bank, ICICI Bank, Deloitte, TCS, Wipro, Oracle, PwC, Aditya Birla Group, and Zomato.
Is IBS Mumbai good for placements?
Yes, IBS Mumbai is considered good for placements because the institute recorded a 95% placement rate with recruiter participation from banking, consulting, finance, IT, and FMCG sectors.
