The ICFAI Business School (IBS) is offering a myriad of scholarship opportunities specifically designed for top-performing candidates in the IBSAT examination. The scholarships, scheduled for the third week of December 2024, are available to candidates who are applying for the MBA/PGPM programme and are planning to take the IBSAT exam in the same month. The main objective of these scholarships is to reward academic excellence, provide financial aid to deserving candidates, and to encourage diversity and inclusivity within the student community at IBS. The following sections delineate the eligibility criteria for these scholarships.
IBS- IBSAT 2024 Scholarships
This category of scholarships is open to aspirants who secure top ranks in the IBSAT examination, children of IBS alumni applying for the MBA/PGPM programme, physically challenged candidates applying for the MBA/PGPM programme, and children of in-service or retired defence personnel from Army, Airforce, Navy, and Paramilitary Forces applying for the MBA/PGPM programme. These scholarships are part of a INR 10 crore scholarship fund.
| Scholarship | Eligibility |
| IBSAT 2024 Top Rankers | Candidates who secure top ranks in the IBSAT 2024 |
| Children of IBS Alumni | Children of IBS alumni applying for the MBA/PGPM programme |
| Physically Challenged Candidates | Candidates with physical disabilities applying for MBA/PGPM programme |
| Children 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 MBA/PGPM program |
IBS- Scholarships Worth INR 10 Crore
A host of scholarships amounting to INR 10 crore are up for grabs for top scorers in the IBSAT 2024 exam. A total of 500 scholarships will be distributed across all IBS institutions with each scholarship valued at INR 2 lakh. The scholarship amount can be adjusted against the programme fee with INR 1 lakh each applicable in the first and second term instalments.
| Scholarship | Eligibility |
| Top Performers in IBSAT 2024 | Candidates securing top positions in IBSAT 2024 |
| Children of IBS Alumni | Offsprings of IBS alumni |
| Physically Challenged Candidates | Candidates with physical disabilities |
| Children of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces | Offsprings of in-service or retired defence personnel from these forces |
IBS- Merit Scholarships for the Class of 2027
IBS aims to award 500 merit scholarships to deserving candidates from the Class of 2027. Each scholarship is worth INR 2 lakh, with INR 1 lakh each adjustable in the first and second-term instalments against the programme fee. To be eligible for these scholarships, candidates must have appeared for the IBSAT 2024 exam and qualified. In addition, students must complete the admission process, pay the requisite admission fee, and register by the specified date. The awarded scholarship amount can only be adjusted against the programme fee and cannot be used towards other expenses. In case of withdrawal from the programme, any applicable fee refunds will be calculated after deducting the scholarship amount.
| Scholarship | Eligibility | Amount |
| Merit Scholarship for Class of 2027 | Candidates who have appeared and qualified in the IBSAT 2024 test | INR 2,00,000 (INR 1,00,000 each in first and second term) |
Through these scholarships, IBS continues to set a standard for excellence in management education. By providing scholarships to deserving candidates, IBS aims to unlock opportunities and foster a diverse pool of future business leaders who will contribute to the growth and success of organisations and society at large.
