The ICFAI Business School (IBS) is providing an exclusive scholarship opportunity for exceptionally performing candidates in the IBSAT exam, scheduled for the 3rd week of December 2024. These scholarships are targeting candidates applying for the MBA/PGPM programme and appearing for the IBSAT test in December 2024. The primary objective of these scholarships is to recognise academic excellence, provide financial support to deserving candidates, and promote diversity and inclusivity within the IBS student community. The following sections detail the eligibility criteria for the scholarship.
IBS-Scholarship for IBSAT Toppers
Candidates who secure top ranks in the IBSAT test are eligible for this scholarship.
| Scholarship | Eligibility |
| IBSAT Topper's scholarship | Top rank holders in IBSAT |
IBS-Scholarship for Wards of IBS Alumni
Children of IBS alumni applying for the MBA/PGPM programme are eligible for this scholarship.
| Scholarship | Eligibility |
| Wards of IBS Alumni scholarship | Children of IBS alumni |
IBS-Scholarship for Physically Challenged Candidates
Candidates with physical disabilities applying for the MBA/PGPM programme are eligible for this scholarship.
| Scholarship | Eligibility |
| Scholarship for Physically Challenged | Candidates with physical disabilities |
IBS-Scholarship for Wards of Defence Personnel
Children of in-service or retired defence personnel from the Army, Air Force, Navy, and Paramilitary Forces applying for the MBA/PGPM program are eligible for this scholarship.
| Scholarship | Eligibility |
| Wards of Defence Personnel scholarship | Children of in-service or retired defence personnel |
IBS-Merit Scholarships for Class of 2027
IBS plans to award 500 merit scholarships to deserving candidates from the categories mentioned above. Each scholarship is worth INR 2,00,000 per candidate, with a provision to adjust INR 1,00,000 each during the first and second-term installments against the program fee.
| Scholarship | Eligibility | Amount |
| Merit Scholarships for Class of 2027 | Deserving candidates from the mentioned categories | INR 2,00,000 each |
IBS-Terms and Conditions for Merit Scholarships
To apply for these scholarships, candidates must satisfy the following terms and conditions. Eligibility: Scholarships will only be offered to candidates who appeared for the IBSAT-2024 test and have qualified. Admission and Registration: Students must complete the admission process, pay the necessary admission fee, and register on the specified date to be eligible for the scholarship. Applicability: The awarded scholarship amount can only be adjusted against the program fee and cannot be used for any other purposes or fees. Withdrawal Policy: If a student withdraws from the programme for any reason, any applicable fee refunds will be calculated after deducting the scholarship sum granted earlier.
IBS-Conclusion
IBS continues to set high standards in management education. With its commitment to providing scholarships to deserving candidates, IBS aims to unlock opportunities and create a diverse pool of future business leaders who will contribute to the growth and success of organisations and society.
