ICFAI Business School (IBS) offers scholarships tailored for high performers in the IBSAT test, which is slated to take place in the third week of December 2025. Open to candidates applying for the MBA/PGPM program and sitting for the IBSAT test in December 2024, these scholarships aim to recognise academic excellence and provide financial aid to deserving candidates, promoting a diverse and inclusive environment within the IBS student body. This article elaborates on the eligibility criteria for these scholarships.
IBS Mumbai Scholarships from the IBSAT Test 2025
IBS Mumbai proffers scholarships exclusively for top performers in the IBSAT 2024 test. Recipients are chosen across different categories, including top rank holders in the IBSAT, children of IBS alumni, physically challenged candidates, and wards of in-service or retired defence personnel from the Army, Air Force, Navy, and Paramilitary Forces.
| Scholarship | Eligibility |
| For Toppers in IBSAT | Candidates who secure top ranks in IBSAT 2025 |
| For Wards of IBS Alumni | Children of IBS alumni applying for the MBA/PGPM program |
| For Physically Challenged Candidates | Candidates with disabilities applying for the MBA/PGPM program |
| For Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces | Children of in-service or retired defence personnel from these forces applying for the MBA/PGPM program |
IBS Mumbai Merit Scholarships 2025
Maintaining its commitment to rewarding deserving candidates, IBS offers 500 merit scholarships for the class of 2027. These scholarships, valued at INR 2,00,000 per candidate, provide the flexibility of adjusting INR 1,00,000 each in the first and second-term instalments against the program fee.
IBS Mumbai Terms and Conditions for Merit Scholarships 2025
To be eligible for these merit scholarships, candidates must meet several conditions. The scholarships are exclusively for candidates who have taken and passed the IBSAT-2025 test successfully. Additionally, students must complete the admission process, pay the required admission fee, and register on the designated date. The granted scholarship can be solely used against the program fee and cannot be diverted for other purposes. In the event of withdrawal from the program, any applicable fee refunds will be calculated after deducting the scholarship sum previously awarded.
IBS, through its scholarship programs, continues to establish a standard of excellence in management education. It aims to create a diverse group of future business leaders who will contribute significantly to the growth and success of organisations and society at large.
