Which college is better? IBS or Athena school of management for PGDM course in Mumbai?

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.

What is the minimum eligibility for IBS Mumbai PGPM admission?

Candidates must hold a Bachelors degree in any discipline with a minimum of 50% aggregate. Graduation must be in English medium. Final-year students can also apply.

Which entrance exams are accepted for IBS Mumbai PGPM?

IBS Mumbai PGPM accepts IBSAT, CAT, XAT, NMAT, and GMAT scores. Candidates with CAT, XAT, NMAT, or GMAT scores do not need to appear for IBSAT.

What is the total PGPM fee at IBS Mumbai?

The total PGPM fee at IBS Mumbai is INR 9.09 lakhs for two years. This is exclusive of hostel and mess charges. Contact ibsindia.org for the latest fee structure.

What is the selection process at IBS Mumbai?

Shortlisted candidates attend a Micro Presentation and Personal Interview at IBS Hyderabad campus. Final merit is based on Academics (50%), Micro Presentation (25%), and PI (25%).

Is IBSAT mandatory to apply at IBS Mumbai?

No. IBSAT is not mandatory if you have a valid CAT, XAT, NMAT, or GMAT scorecard. Submit your score directly at ibsindia.org. IBSAT is required only if you have not taken any of these national-level exams.

When does IBSAT 2026 registration open for IBS Mumbai?

IBSAT 2026 registration opened on July 1, 2026 at ibsindia.org. The exam is in the last week of December 2026 (Tentative). Results are expected on December 30, 2026 (Tentative).

Does IBS Mumbai have a management quota?

No. IBS Mumbai does not offer a management quota or NRI quota. All PGPM seats are filled through merit and the IBS selection process.

What is the application fee for IBS Mumbai PGPM?

The application fee is INR 1,800, paid online at ibsindia.org during registration. This fee is non-refundable.

Can a working professional apply for IBS Mumbai PGPM?

Yes. Work experience is not mandatory for PGPM admission at IBS Mumbai. However, it can add value during the Personal Interview stage. Freshers and experienced candidates are both eligible.

Are there scholarships at IBS Mumbai?

Yes. IBS offers INR 2 lakh scholarships to IBSAT toppers, alumni wards, children of defence personnel, and PwD candidates. Check ibsindia.org for the latest scholarship criteria for the IBS Mumbai campus.

IBS Mumbai PGPM : Fees 2026, Course Duration, Dates, Eligibility

Collegedunia Team

Content Curator | Updated on - Jul 20, 2026

IBS Mumbai 2027 offers a two-year full-time Post Graduate Programme in Management under the ICFAI Business School network, admitted through IBSAT, CAT, XAT, NMAT, or GMAT. Located in Powai, the campus connects students directly to Mumbai’s financial ecosystem for internships, live projects, and placements. Total programme fees are INR 9.09 Lakhs for the two-year duration and no on-campus hostel facility is available at this campus.

📋 Admission Status: Applications are currently open. Last date to apply is 19 December 2026 (Tentative).

Key Points

Case study-based curriculum using ICFAI’s large proprietary MBA case repository
Mandatory 14-week summer internship with leading Mumbai-based corporations
Specialisation tracks in Finance, Marketing, HR, Operations, and IT
Financial services sector leads campus recruitment with 24% share of total offers

IBS Mumbai PGPM Fees 2027

Component	Amount
Programme Fee (2 years)	INR 9,09,000
Refundable Caution Deposit	INR 10,000
Total Fees	INR 9,09,000

Refundable caution deposit of INR 10,000 is payable separately and returned at programme end.
IBS Mumbai campus does not offer on-campus hostel accommodation.
Fee is payable in installments as per schedule communicated at the time of admission.

IBS Mumbai PGPM Admission 2027

Event	Date
IBSAT 2026 Registration Opens	July 1, 2026
IBSAT 2026 Exam	December 26 to 27, 2026
IBSAT 2026 Result	December 29 to 30, 2026 (Tentative)
Selection Process at IBS Hyderabad	February to March 2027 (Tentative)
Class Commencement	June 2027 (Tentative)

CAT, XAT, NMAT, and GMAT scores are accepted in lieu of IBSAT for admission.
Selection process comprises a Micro Presentation and a Personal Interview at IBS Hyderabad campus.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Bachelor’s degree in any discipline with minimum 50% aggregate marks from a recognised university
Valid score in IBSAT 2026, CAT, XAT, NMAT, or GMAT is required for applying
Final-year students may apply and must complete graduation before class commencement in June 2027

Admission Process

Register online at ibsindia.org and pay the IBSAT 2026 application fee of INR 1,800
Appear for IBSAT 2026 on December 26 to 27, 2026, or submit a valid CAT, XAT, NMAT, or GMAT score
Shortlisted candidates receive an invitation to the Selection Process held at IBS Hyderabad
Participate in the Micro Presentation and Personal Interview rounds
Merit list is prepared on the basis of academic record, work experience, and selection round performance
Pay the programme fee and complete enrollment formalities to confirm the seat

✓ Opt for this if

Career goal is BFSI, consulting, or capital markets roles based in Mumbai
Case study-based applied learning is the preferred classroom approach
Mumbai’s corporate network is the target geography for first placement
ICFAI network alumni base and brand recognition matter for career plans

✗ Skip if

On-campus hostel accommodation is a non-negotiable requirement
A top-20 B-school brand is essential for target employers
South India or tier-2 cities are the intended geography for first job
Budget is under INR 9 Lakhs for the full two-year programme

IBS Mumbai PGPM Placement 2026

Metric	Details (Class of 2025)
Average Package	INR 7.89 LPA
Highest Package	INR 20 LPA
Placement Rate	95%
Top 10% Average CTC	INR 11.97 LPA
Top 25% Average CTC	INR 10.67 LPA
Leading Sector	Financial Services (24% of offers)
Top Recruiters	KPMG, JP Morgan, TCS, HDFC Bank, ICICI Bank, Capgemini, Kotak Mahindra Bank, Deloitte

IBS Mumbai PGPM Scholarships 2027

Scholarship	Amount	Eligibility
IBSAT Merit Scholarship	INR 2 Lakh	Top performers in IBSAT 2026 test
Alumni Ward Scholarship		Children of IBS alumni
Physically Challenged Scholarship		Candidates with physical disabilities
Defence Personnel Scholarship		Wards of serving or retired defence personnel

Scholarship amount of INR 2,00,000 is adjusted as INR 1,00,000 each against first and second term fees.
Around 500 scholarships worth INR 10 crore are available across the IBS network for the 2027-29 batch.

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IBS Mumbai Latest Updates and News

24 Jul, 2026 IBSAT 2026 registration begins @ibsindia.org for MBA admission 2027-28. The applications are open until the 3^rd 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.

13 Jul, 2026 CAT 2026 notification is expected to be released soon @iimcat.ac.in. Registrations will begin in the first week of August 2026. Read News.

IBS Mumbai Important Events

MBA/PGDM1

IBS Mumbai: Students' Opinion

AI-Generated Summary based on 253 Reviews

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.

By Collegedunia’s Personal AI