The ITM Business School located in Kharghar, Navi Mumbai, provides a substantial range of scholarships to prospective students who apply during the early stages of the admission process. The scholarships, which have aided more than 500 students over the past eight years, are a financial support system that helps to lessen student expenses. These scholarships are accessible across all ITM Business Schools, including Chennai, Navi Mumbai, Warangal, Vadodara, and Raipur. Funded by the ITM Trust, these scholarships are open to successful MBA aspirants who have met the academic and professional qualifications and demonstrated the capacity to contribute significantly to the MBA i-Connect program approved by AICTE.
IBSK- Award Value and Volumes
Multiple awards across different categories are offered. The scholarships range from 100%, 50%, 25%, and 10% coverage on tuition fees. The number of scholarships available for each category is as follows: 10 for the 100% category, 15 for 50%, 35 for 25%, and 90 for the 10% category. Cumulatively, the total value of free scholarships across all ITM Business Schools exceeds INR 1 Crore, subject to students meeting the merit requirements.
IBSK- Eligibility Criteria for ITM Scholarships
To be eligible for the ITM Scholarships, students must fulfill certain criteria. Firstly, they must secure a minimum of 50% in their Graduation. Secondly, they are required to take one of the specified tests, which include CAT, MAT, XAT, CMAT, ATMA, NMAT by GMAC, or GMAT. Additionally, the eligible student should be an Indian citizen.
IBSK- Scholarship Examination and Distribution Process
The process for obtaining the scholarship involves a scholarship examination conducted concurrently with the admission round. The scores in the admission process do not influence the awarding of scholarships as they are based solely on the scholarship test scores. The list of meritorious students qualifying for scholarships is released a week after the successful completion of the scholarship test. These scholarships are applicable only for the first academic year.
IBSK- Admission Process for Scholarships
For admission to the MBA i-Connect 2024-26 batch across ITM Business Schools, prospective students need to have a score of 50% and above in their X, XII and Graduation exams. They must also have taken either a CAT, XAT, CMAT, ATMA, MAT, or GMAT test. The admission process includes a Scholarship test, Micro Presentation, Written assessment test, and a Personal Interview. However, the score in MPPI will not affect the scholarship award.
IBSK- Application Process
Prospective students can apply online through the designated link. It is important to note that the ITM Business School reserves the right to cancel or withdraw the scholarship if the candidate is found to have violated the admission criteria or has withheld or falsified information for securing the scholarship. Furthermore, the scholarship availed in the first year of admission does not guarantee continuance in the second year, and the institution holds complete authority to modify the eligibility and terms as necessary.
