15 Sep, 2026 CAT 2026 registration deadline has been extended to Sept 22, 2026, @iimcat.ac.in. CAT 2026 is scheduled for Nov 29, 2026. Read News.
20 Aug, 2026 NMAT 2026 registration begins. Aspirants can register @mba.com/exams/nmat by Oct 10, 2026. NMAT 2026 will be held between Nov 2 & Dec 20, 2026. Read News.
24 Jul, 2026 IBSAT 2026 registration begins @ibsindia.org for MBA admission 2027-28. The applications are open untilthe 3rd Week of December 2026 (tentative). Read news!
IBSAT 2026 Mock Test dates have been announced. The free mock tests will be held on Jul 25, Aug 22, Sep 26, Oct 24, Nov 21, and Dec 9, 2026. Check details.
18 Jul, 2026 XAT 2027 registration begins @xatonline.in. Register by Dec 6. The exam will be held on Jan 3, 2027 (2 PM to 5 PM). Read News.
IBS Mumbai offers a two-year, full-time Post Graduate Programme in Management (PGPM) at its Powai campus. The school is part of the ICFAI Foundation for Higher Education, a deemed university with NAAC A++, and it carries AACSB accreditation. It stands #132 in Collegedunia's MBA ranking 2025. The full programme fee is INR 9.09 Lakhs for the two years, paid in five parts, with a refundable deposit of INR 10,000 on top. Seats are filled through IBSAT, and CAT, XAT, NMAT and GMAT scores are taken too. The campus takes about 1,000 students a batch. The Class of 2025 averaged INR 7.89 LPA and 95% of the PGPM batch was placed.
IBS Mumbai PGPM Fees
The programme fee is the same for every student. You pay INR 80,000 to register, then a larger part with a refundable deposit before classes start, and the rest every four months. The fee does not cover a room: IBS Mumbai has no hostel, and PG rent near campus is INR 5,000 to 20,000 a month.
Fee head
Amount
How it is charged
Programme fee
INR 9.09 Lakhs
Full course, paid in five parts
Part paid to register
INR 80,000
One time, with the offer
Caution deposit
INR 10,000
One time, refundable
PG room, lowest rent
INR 1.10 Lakhs
INR 5,000 a month, 22 months
Total, no PG room
INR 9.09 Lakhs
Full course
Total with PG room
INR 10.19 Lakhs
Full course
IBS Mumbai PGPM Admission Dates
IBSAT 2026 registration opened on 1 Jul 2026 and the exam is set for 26 to 27 Dec 2026. The selection round follows in early 2027 and classes start in Jun 2027. Apply before the December last date, because late forms are not taken.
Event
Date
Status
IBSAT 2026 registration opens
1 Jul 2026
Over
IBSAT 2026 registration, last date to apply
19 Dec 2026
Tentative
IBSAT 2026 exam
26 Dec 2026 to 27 Dec 2026
Confirmed
IBSAT 2026 result and scorecard
29 Dec 2026 to 30 Dec 2026
Tentative
Selection briefing sessions
Jan 2027
Tentative
Micro presentation and personal interview
Feb 2027 to Mar 2027
Tentative
Admission offer and merit list
Mar 2027
Tentative
Registration fee payment, last date
Apr 2027
Tentative
Reporting and document check
Jun 2027
Tentative
Classes start
Jun 2027
Tentative
IBS Mumbai PGPM Eligibility
You need a bachelor's degree in any subject with at least 50% marks. SC and ST students need 45%. Your degree must be taught in English, or you send a TOEFL, IELTS or NELT score. Final year students may apply.
Requirement
What you need
Degree
Bachelor's degree in any subject, 15 years of school and college
Marks
50% aggregate, 45% for SC and ST students
Language
English medium degree, or a TOEFL, IELTS or NELT score
Exam
IBSAT, or a valid CAT, XAT, NMAT or GMAT score
IBS Mumbai PGPM Admission Process
Apply on the IBS site, take IBSAT in December or send a CAT, XAT, NMAT or GMAT score, then attend the selection round. The final merit uses your past academics, the micro presentation and the interview.
Step
What you do
1. Register
Fill the form on the IBS site and pay INR 1,800
2. Take a test
Sit for IBSAT, or send a valid CAT, XAT, NMAT or GMAT score
3. Get shortlisted
A call goes out to students who clear the score level
4. Selection round
Give a micro presentation and one personal interview
5. Take the seat
Pay the first part of the fee by the date in your offer
IBS Mumbai PGPM Cutoff
These are the score levels that brought a call for the selection round in the last cycle. Half the final merit is your past academics, so a call is not a seat.
Exam
Score for a call
Category
IBSAT
80 percentile
General
CAT
70 percentile
General
NMAT
195 marks
General
IBS Mumbai PGPM Placements
The Class of 2025 placed 95% of the PGPM batch. Financial services took the biggest share of offers. Banks, audit firms and IT companies hire on campus.
Metric
Value
Average pay
INR 7.89 LPA, Class of 2025
Top 10% average
INR 11.97 LPA
Top 25% average
INR 10.67 LPA
Highest offer
INR 20 LPA
Batch placed
95%
Top recruiters
KPMG, JP Morgan, ICICI Bank, HDFC Bank, Deloitte
IBS Mumbai PGPM Scholarships
IBS set aside INR 10 Crore for 500 scholarships across its campuses for this batch. Each award is INR 2 Lakhs and is cut from the programme fee in two equal parts.
Scholarship
Who can get it
Amount
IBSAT merit award
Top scorers in IBSAT 2026
INR 2 Lakhs
Other test merit award
High scorers in CAT, XAT, NMAT or GMAT
INR 2 Lakhs
Alumni ward award
Children of IBS alumni
INR 2 Lakhs
Defence ward award
Wards of serving or retired defence and paramilitary staff
INR 2 Lakhs
Award for candidates with a disability
Candidates with a disability
INR 2 Lakhs
IBS Mumbai PGPM Ranking
Collegedunia ranks the school on fees, placements and student reviews. The parent university holds NAAC A++, and the school carries AACSB accreditation from the United States.
Ranking body
Year
Rank or grade
Collegedunia MBA ranking
2025
#132 of 372
IIRF private B-schools
2024
#55 of 122
NAAC, parent university
Not published
A++
IBS Mumbai PGPM Seats and Intake
The Mumbai campus takes about 1,000 students in a batch. Every seat is filled through the IBS selection process, and five entrance tests are taken for it.
Item
Detail
Batch size
1,000 seats
How seats are filled
IBS selection process
Tests taken
IBSAT, CAT, XAT, NMAT and GMAT
IBS Mumbai PGPM Hostel and Campus
The campus sits in Powai, in north Mumbai. There is no hostel, so students rent a PG room in Powai or Navi Mumbai. The office helps with the search.
Item
Detail
Hostel
None on campus
PG rent nearby
INR 5,000 to 20,000 a month
Food
Two canteens on campus
Campus
Powai, Mumbai
Should you pick PGPM at IBS Mumbai?
This course suits students who want a finance or business job in Mumbai and can pay for their own room in the city.
Pick it if:
You did not write IBSAT: your CAT, XAT, NMAT or GMAT score is taken here, so one of those is enough to apply.
You want a finance job: financial services took the biggest share of offers, and KPMG, JP Morgan and ICICI Bank hire on this campus.
Your family can pay only in parts: the fee comes in five parts, INR 80,000 to register and the rest every four months.
You are aiming for a fee cut: a top IBSAT score brings INR 2 Lakhs off, cut straight from the programme fee.
Skip it if:
You are counting on the top pay numbers: the top 10% averaged INR 11.97 LPA while the whole batch averaged INR 7.89 LPA.
You need a room on campus: there is no hostel here, so you rent a PG room in Powai or Navi Mumbai yourself.
You want the fee back inside a year: the average pay is below the full fee, so it takes more than one working year to cover it.
You want a small batch: about 1,000 students join this campus, so on-campus hiring is crowded.
Counsellor's advice
If IBSAT is your only test, apply early and aim for the top score, because the fee cut goes to top scorers. If you already have a high CAT or NMAT score, use it and keep the INR 80,000 aside until the offer is in hand.
PGPM Eligibility▾
Degree needed: A bachelor's degree in any subject, after 15 years of school and college.
Marks needed: 50% aggregate in the degree. SC and ST students need 45%.
Language: The degree must be taught in English, or you send a TOEFL, IELTS or NELT score.
Exam needed: An IBSAT score, or a valid CAT, XAT, NMAT or GMAT score.
Final year students: You may apply now, but the degree must be finished before the batch starts.
PGPM Admission Process▾
Fill the form: Register on the IBS site and pay INR 1,800 for IBSAT.
Take a test: Sit for IBSAT in December, or send a valid CAT, XAT, NMAT or GMAT score.
Wait for the call: A call for the selection round goes out to students who clear the score level.
Selection round: Give a micro presentation and face one personal interview.
Take the seat: Pay the first part of the fee by the date in your offer, then report with your papers.
PGPM Admission Dates 2026
These are the official 2026 dates. Tap 2027 for expected dates of the next batch.
The 2027 calendar is not out yet. These dates are estimates based on 2026.
Over
1 Jul 2026
IBSAT 2026 registration opens
Registration opened on 1 Jul 2026 on the IBS site.
Tentative
19 Dec 2026
IBSAT 2026 registration, last date to apply
Apply by 19 Dec 2026. Late forms are not taken.
Confirmed
26 Dec 2026 to 27 Dec 2026
IBSAT 2026 exam
The test is held on both days and you pick one slot.
Tentative
29 Dec 2026 to 30 Dec 2026
IBSAT 2026 result and scorecard
Your scorecard decides the call for the selection round.
Tentative
Jan 2027
Selection briefing sessions
The school explains the selection round before the calls go out.
Tentative
Feb 2027 to Mar 2027
Micro presentation and personal interview
You give a short talk and face one interview.
Tentative
Mar 2027
Admission offer and merit list
The merit list uses your past academics, the talk and the interview.
Tentative
Apr 2027
Registration fee payment, last date
You lose the seat if the first part of the fee is not paid by the date in your offer.
Tentative
Jun 2027
Reporting and document check
Bring your degree papers and the offer letter, or the seat is cancelled.
Tentative
Jun 2027
Classes start
Find a PG room in Powai or Navi Mumbai before this date.
Tentative
Jul 2027
IBSAT 2027 registration opens
Expected to open in the same month as this year.
Tentative
Dec 2027
IBSAT 2027 registration, last date to apply
Expected about a week before the exam.
Tentative
Dec 2027
IBSAT 2027 exam
Expected in the last week of the month.
Tentative
Dec 2027
IBSAT 2027 result and scorecard
Expected two or three days after the exam.
Tentative
Jan 2028
Selection briefing sessions
Expected in the same month as this year.
Tentative
Feb 2028
Micro presentation and personal interview
Expected over two or three weeks.
Tentative
Mar 2028
Admission offer and fee payment
Expected soon after the interview round.
Tentative
Jun 2028
Reporting and document check
Expected in the week before classes start.
Tentative
Jun 2028
Classes start
Expected in the same month as this year.
Source: the IBSAT 2026 notice and the IBS admission calendar. Confirm on the official site before you act.
IBS Mumbai PGPM Fees 2026
This is the full 2-year cost, not one year. Turn on the toggle to add PG room rent.
Programme fee
Full course, as published, INR 80,000 to register and the rest every four months
INR 9.09 Lakhs
Caution deposit Refundable
One time, returned when you leave
INR 10,000
Add PG room rent
PG room near campus
Per month × 22, INR 5,000 a month, the lowest published rent nearby
INR 1.10 Lakhs
Total course fee
INR 9.09 Lakhs
2 years · programme fee, PG rent not added
Total course fee
INR 10.19 Lakhs
2 years · programme fee + PG room rent
Education loan EMI
INR 15,326
7 yr · 10.5% per year
ROI
87%
average first-year pay INR 7.89 LPA vs the full fee
Education loan EMI
INR 17,181
7 yr · 10.5% per year
ROI
77%
average first-year pay INR 7.89 LPA vs the full fee
Source: the IBS fee schedule for the 2026 batch. Confirm on the official site before you act.
Will your score get you a seat at IBS Mumbai?
Pick the test you wrote. Each range starts at the score that brought a call for this campus in the last cycle.
Your test
IBSAT score
80 percentile and above: yes, you should get the call for the selection round.
70 to 79 percentile: almost there. A strong degree record can still bring a call.
Below 70 percentile: not this year. Use a CAT or NMAT score instead if you have one.
CAT percentile
70 percentile and above: yes, you should get the call.
60 to 69 percentile: almost there. Apply early and keep IBSAT as your backup.
Below 60 percentile: not this year. Write IBSAT in December instead.
NMAT score
195 marks and above: yes, that cleared the last General call list.
180 to 194 marks: almost there. The call depends on your degree marks too.
Below 180 marks: not this year. Write IBSAT in December instead.
EDITOR'S NOTE
The call is only the first step. Half the final merit is your past academics, so a high test score alone does not hold the seat. Get your degree marks and papers in order before the interview.
IBS Mumbai PGPM Scholarship Calculator
Answer two questions to see what you can claim. Confirm the final amount with the college.
Your test score
Does any of these fit you
Scholarships you missedYou do not qualify on your answers. Tap to see why.▾
Each chip below says which answer blocked the award.
IBSAT merit award
INR 2 Lakhs
ICFAI Business School
The award is cut from the programme fee in two equal parts, one in each term.
Who qualifies: top scorers in IBSAT 2026Apply by Dec 2026
Not eligible on your answers
Merit award on CAT, XAT, NMAT or GMAT
INR 2 Lakhs
ICFAI Business School
Send the scorecard with your form. The award is cut from the programme fee.
Who qualifies: high scorers in CAT, XAT, NMAT or GMATApply by Dec 2026
Not eligible on your answers
Alumni ward award
INR 2 Lakhs
ICFAI Business School
You send your parent's IBS papers with the form. One award is given per student.
Who qualifies: children of IBS alumniApply by Dec 2026
Not eligible on your answers
Defence ward award
INR 2 Lakhs
ICFAI Business School
You send the service papers with the form. One award is given per student.
Who qualifies: wards of serving or retired defence and paramilitary staffApply by Dec 2026
Not eligible on your answers
Award for candidates with a disability
INR 2 Lakhs
ICFAI Business School
You send the disability certificate with the form. One award is given per student.
Who qualifies: candidates with a disabilityApply by Dec 2026
Not eligible on your answers
No award matches these answers. Ask the college about paying in parts and about education loans.
Estimated total waiver
INR 2 Lakhs
Your net course fee: INR 7.09 Lakhs
Estimated total waiver
INR 0
Your net course fee: INR 9.09 Lakhs
IBS Mumbai PGPM vs similar colleges
Tap a college to see it next to IBS Mumbai. Blue marks the better number in each row: lower fees, higher pay, a better placement record.
Compare with
This page
ICFAI Business School (IBS), Mumbai
Mumbai
Compared with
IBS Pune
Pune
Compared with
IBS Gurgaon
Gurgaon
Compared with
ITM Business School, Navi Mumbai
Navi Mumbai
Compared with
N. L. Dalmia Institute
Mumbai
Total fees2 years, no PG room
INR 9.09 Lakhs
programme fee, no PG room
INR 9.09 Lakhs
Same fee
INR 9.09 Lakhs
Same fee
INR 12.45 Lakhs
INR 3.36 Lakhs more
INR 16.50 Lakhs
INR 7.41 Lakhs more
Average payaverage, latest batch
INR 7.89 LPA
Class of 2025
INR 7.95 LPA
INR 0.06 LPA more
INR 7.66 LPA
INR 0.23 LPA less
INR 8.65 LPA
INR 0.76 LPA more
INR 11.17 LPA
INR 3.28 LPA more
Placement rateshare of the batch placed
95%
Class of 2025
99%
4 points higher
95%
Same placement rate
100%
5 points higher
Not published
Highest packagehighest offer, latest batch
INR 20 LPA
Class of 2025
INR 16.42 LPA
INR 3.58 LPA less
INR 22 LPA
INR 2 LPA more
INR 21 LPA
INR 1 LPA more
INR 24 LPA
INR 4 LPA more
Seatsthe whole campus
1,000
Mumbai campus
500
500 fewer
600
400 fewer
Not published
Not published
In short
IBS Pune charges the same fee and places more of its batch, but its highest offer is lower. If you want to work in Mumbai after the course, stay with IBS Mumbai; if the city does not matter, IBS Pune is the safer bet.
In short
IBS Gurgaon costs the same and pays a little less on average, but its top offer is higher. If you want a north India job market, pick IBS Gurgaon; if you want finance jobs, IBS Mumbai sits closer to them.
In short
ITM Business School, Navi Mumbai pays more on average but costs a lot more over two years. If the extra fee fits your budget, it is worth the call; if not, IBS Mumbai gives you a Mumbai seat for less.
In short
N. L. Dalmia Institute pays about INR 3.28 LPA more on average, but its fee is close to double. If you can pay that fee and want the higher average, apply there; if not, IBS Mumbai is the cheaper Mumbai seat.
Fees and pay can change. Check each college site before you decide.
FAQs on IBS Mumbai PGPM
Short answers to what students ask before they apply.
How do I get admission to the PGPM at IBS Mumbai?▾
Apply on the IBS site and take IBSAT in December, or send a valid CAT, XAT, NMAT or GMAT score. Shortlisted students give a micro presentation and face one personal interview. Half the final merit is your past academics.
What is the full fee for the two-year course?▾
The programme fee is INR 9.09 Lakhs for the two years. A refundable deposit of INR 10,000 is paid on top. IBS Mumbai has no hostel, so add PG room rent to your budget. The fee block above shows both totals.
Can I pay the fee in parts?▾
Yes. You pay INR 80,000 to register, then a larger part before classes start, and the rest every four months. That is five parts in all. Ask the fee office in writing if you need a different split.
Does IBS Mumbai give a hostel room?▾
No. The campus has no hostel, so students rent a PG room in Powai or Navi Mumbai. Rent near campus is INR 5,000 to 20,000 a month. The office helps with the search.
What score do I need for a call?▾
About 80 percentile in IBSAT brought a call for the General category in the last cycle. A CAT score of about 70 percentile also works. The checker above shows the range for each test.
Which scholarships can cut this fee?▾
IBS gives INR 2 Lakhs off the programme fee to top scorers, to children of alumni, to wards of defence staff and to candidates with a disability. The calculator above shows what your answers claim.
How were the last placements?▾
The Class of 2025 placed 95% of the PGPM batch. The average pay was INR 7.89 LPA and the highest offer was INR 20 LPA. Financial services took the biggest share of offers.
ICFAI Business School (IBS) offers a competitive and comprehensive admission process starting with the IBSAT entrance exam, followed by GD and PI rounds. Results are released by April, with the academic session commencing in June. Besides IBSAT, scores from NMAT, CAT, CMAT, GMAT, and MAT are accepted. With a 97% placement rate, IBS, especially its Mumbai and Hyderabad campuses, is highly reputed. Admission requires top percentile scores, emphasizing both past academics and GD/PI performance.
IBS boasts a 25:1 student-faculty ratio, employing around 300 faculty members, 80% of whom are from prestigious institutions or have significant industry experience. The curriculum focuses on practical knowledge through case studies and personalized mentoring, though improvements in teaching methods are suggested. The program fee for IBS Mumbai's PGPM is around 8 to 9.09 lakh INR for two years, with a 10,000-rupee refundable deposit. Fees are payable in installments, with an initial deposit of 80,000 rupees required.
Financial assistance includes scholarships up to 1 lakh INR for top performers and part-time job opportunities on campus. IBS Mumbai's placement record is strong, with 95-98% of students placed annually. Over 200 companies, including JP Morgan and Deloitte, visit for recruitment, offering an average salary package of 6-7 lakh INR, with top domestic packages reaching 18.80 lakh INR and international ones up to 50 lakh INR. Pre-placement training and summer internships are integral, with stipends up to 25,000 INR.
The non-residential program necessitates students arrange their accommodation, and the fee structure is seen as feasible with its transparent installment system and financial support options.
...Read More
By Collegedunia’s Personal AI
IBS Mumbai: 1 Answered Question
Which college is better? IBS or Athena school of management for PGDM course in Mumbai?
Akriti Guptalives in Mumbai, Maharashtra, India
I would suggest you choose Athena over IBS. While both are in Mumbai, their teaching methods are very different. IBS emphasizes batch size, quantity (1000 students for the Mumbai college), a highly easygoing college life, and a curriculum with only one internship. Because there are no international internships or exchange programs, global exposure is not prioritized.
Athena focused on Corporate Connect, Quality of Intake (only 60 to 70 students), and a very demanding and busy education with many internships. There is a lot of foreign exposure with two overseas immersions and one international internship.
When it comes to jobs and placements, Athena has an average of 7.00 lacs each year and a large number of Pre Placement Offers. This means that all of their students receive jobs, with the exception of those who opt not to go through the placement procedure. IBS earns an average of 6-7 lacs a year, yet 200-250 students do not get jobs. This is a major issue when there are so many new students each year.
![ICFAI Business School - [IBS]](https://img.collegedunia.com/public/college_data/images/logos/1569392001IBSLogowithR1.jpg?h=71.7&w=71.7&mode=stretch)
![MBA/PGDM | admission | 2024 | Narsee Monjee Institute of Management Studies - [NMIMS Deemed to be University]](https://img.collegedunia.com/public/college_data/images/logos/1506323004Logo.jpg?h=72&w=72&mode=stretch)
![MBA/PGDM | admission | 2024 | Indian Institute of Management - [IIMC]](https://img.collegedunia.com/public/college_data/images/logos/1488950580d2.png?h=72&w=72&mode=stretch)
Comments