Fees
Fees at ICFAI Business School for the Post Graduate Programme in Management (PGPM) are structured to include a total cost between 909,000 INR and 1,300,000 INR for the full course. The tuition fees amount to 909,000 INR, which may be paid in five installments throughout the program. Initial payments consist of an 80,000 INR registration fee, followed by a 165,000 INR payment plus a 10,000 INR refundable caution deposit before classes commence, with subsequent equal installments every four months.
Although hostel facilities are not provided, the additional costs for out-of-state students could raise the total expenditure to approximately 12 to 13 lakh INR. Scholarships are available for high scorers in the IBSAT entrance exam, with potential awards ranging from 100,000 to 200,000 INR. The institution also facilitates education loans to assist with financial needs.
About Post Graduate Programme in Management [PGPM]
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.
As mentioned, IBS Mumbai offers admission to PGPM program based on NMAT percentile. IBS Mumbai NMAT Cutoff 2023 percentile is 55 for the General category. Check IBS Mumbai Cutoff
IBS Mumbai PGPM Cutoff Year-wise Trends
The section below shows year-wise trends in IBS Mumbai PGPM Cutoff. According to year-wise trends, admission to the IBS Mumbai PGPM program in 2023 was closed at the 55 percentile , whereas in 2022, the closing percentile was 55 across all categories.
| Catgories | Cutoff percentile 2023 | Cutoff percentile 2022 |
|---|---|---|
| General | 55 | 55 |
According to an external review site Ranking 2025, IBS Mumbai ranks 132 out of 370 colleges in India and 42nd in state Maharashtra for its PGPM program.
- 55 out of 110 under IIRF Management Ranking 2024.
- 54 out of 159 under The Week Management Ranking 2020.
Read more on IBS Mumbai Rankings here
IBS Mumbai PGPM FAQs
Ques. Does IBS Mumbai accept CAT scores for PGPM admission?
Ans. Yes, IBS Mumbai accepts valid scores from CAT, XAT, NMAT, and GMAT in addition to IBSAT for the PGPM 2027-29 batch. Candidates who have appeared for any of these examinations do not need to separately appear for IBSAT. Shortlisting is based on the exam score, and selected candidates are invited to the Micro Presentation and Personal Interview rounds held at the IBS Hyderabad campus, after which merit lists are prepared for all campuses including Mumbai.
Ques. What specialisations does the IBS Mumbai PGPM programme offer?
Ans. The IBS Mumbai PGPM offers specialisation tracks in Finance, Marketing, Human Resource Management, Operations Management, and Information Technology. Students select their area of specialisation during the programme based on interest and career goals. The curriculum integrates case studies from ICFAI’s large proprietary case repository, live industry projects, and guest lectures to build applied competence in the chosen specialisation.
Ques. Is hostel accommodation available at the IBS Mumbai campus?
Ans. IBS Mumbai does not provide on-campus hostel accommodation. Students must arrange their own housing in and around Powai, Mumbai. The campus administration assists students in identifying suitable off-campus accommodation options near the institute. Students should budget separately for living expenses in Mumbai, which can vary significantly depending on the locality and type of accommodation chosen.
Ques. How is the programme fee structured at IBS Mumbai?
Ans. The total programme fee for PGPM at IBS Mumbai is INR 9,09,000 for the two-year course, payable in installments as communicated at the time of admission. An initial deposit must be paid to confirm the seat, with the remaining balance paid in subsequent installments across the two years. A refundable caution deposit of INR 10,000 is charged separately and returned upon successful completion of the programme.
Ques. What is the work experience requirement for PGPM at IBS Mumbai?
Ans. IBS Mumbai does not mandate prior work experience as a compulsory criterion for PGPM admission. The programme is open to fresh graduates who have completed a Bachelor’s degree in any discipline with at least 50% aggregate marks. However, work experience is considered a positive factor during the merit-based selection process, which includes the Micro Presentation and Personal Interview rounds conducted at IBS Hyderabad campus.