This article presents an in-depth analysis of the various scholarships offered by ICFAI Business School (IBS) to high-achieving candidates participating in the IBSAT test scheduled for the third week of December 2024. These scholarships, exclusive to aspirants applying for the MBA/PGPM programme and appearing for the IBSAT test in December 2024, are a token of IBS's commitment to promote academic excellence, provide financial assistance to deserving candidates, and foster an environment of diversity and inclusivity within the IBS student community.
IBS-IBSAT 2024 Test Scholarship
The IBSAT 2024 Test Scholarship is specifically designed for top performers in the IBSAT test.
| Scholarship | Eligibility |
| IBSAT 2024 Test Scholarship | Candidates who secure top ranks in IBSAT |
IBS-Children of IBS Alumni Scholarship
IBS provides a scholarship opportunity for the children of IBS alumni who are applying for the MBA/PGPM programme.
| Scholarship | Eligibility |
| Children of IBS Alumni Scholarship | Children of IBS alumni applying for the MBA/PGPM programme |
IBS-Scholarship for Physically Challenged Candidates
This scholarship is dedicated to candidates with physical disabilities who are applying for the MBA/PGPM programme.
| Scholarship | Eligibility |
| Scholarship for Physically Challenged Candidates | Candidates with physical disabilities applying for MBA/PGPM programme |
IBS-Scholarship for Wards of Defence Personnel
Children of in-service or retired defence personnel from the Army, Air Force, Navy, and Paramilitary Forces who are applying for the MBA/PGPM program can avail this scholarship.
| Scholarship | Eligibility |
| Scholarship for Wards of Defence Personnel | Children of in-service or retired defence personnel from these forces applying for MBA/PGPM program |
To support and nurture budding business leaders, IBS has committed to providing scholarships worth INR 10,000,000. It plans to award 500 merit scholarships for the class of 2027 to deserving candidates from the categories mentioned above. Every scholarship is valued at INR 200,000 per candidate, with the flexibility of offsetting INR 100,000 each in the first and second-term installments against the program fee.
IBS-Terms and Conditions for Merit Scholarships
It is important to note that to avail these scholarships, candidates must adhere to specific terms and conditions, including eligibility, admission and registration, applicability, and the withdrawal policy.
| Condition | Description |
| Eligibility | Scholarships will only be offered to candidates who have appeared for the IBSAT-2024 test and have successfully qualified. |
| Admission and Registration | Students must complete the admission process, pay the requisite admission fee, and register on the specified date to be eligible for the scholarship. |
| Applicability | The awarded scholarship amount can be adjusted solely against the program fee and payment and cannot be utilised for any other purposes or fees. |
| Withdrawal Policy | In the event of a student's withdrawal from the programme for any reason, any applicable fee refunds will be calculated after deducting the scholarship sum granted earlier. |
IBS continually strives to uphold the highest standards in management education. With its commitment to providing scholarships to deserving candidates, IBS seeks to unlock opportunities and create a diverse pool of future business leaders who will contribute to the growth and success of organizations and society as a whole.
