ICFAI Business School (IBS) Mumbai offers scholarships tailored for high performers in the IBSAT test. The scholarship is 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.
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IBS Mumbai Scholarships 2026
IBS Mumbai proffers scholarships exclusively for top performers in the IBSAT 2025 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 2026
Maintaining its commitment to rewarding deserving candidates, IBS offers 500 merit scholarships for the class of 2027. The IBS Mumbai 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 2026
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 Mumbai Scholarship FAQs
Does IBS Mumbai offer scholarships to MBA/PGPM students?
Yes, ICFAI Business School offers merit-based scholarships to eligible MBA/PGPM students based on IBSAT performance and specific eligibility categories.
What is the scholarship amount offered at IBS Mumbai?
IBS Mumbai offers scholarships worth INR 2,00,000 per eligible candidate. The amount is adjusted in two instalments of INR 1,00,000 each during the first and second terms of the program.
Who is eligible for the IBS Mumbai Scholarship 2026?
Scholarships are offered to IBSAT toppers, wards of IBS alumni, physically challenged candidates, and wards of in-service or retired defence personnel from the Army, Air Force, Navy, and Paramilitary Forces.
Is IBSAT compulsory for getting a scholarship at IBS Mumbai?
Yes, candidates must appear for and qualify in the IBSAT 2025 examination to be considered for merit scholarships at IBS Mumbai.
How many scholarships are offered by IBS Mumbai?
IBS offers a total of 500 merit scholarships across IBS campuses for the Class of 2027.
Can students use the IBS Mumbai scholarship amount for hostel or personal expenses?
No, the scholarship amount can only be adjusted against the program fee and cannot be used for hostel charges, living expenses, or other personal costs.
