ICFAI Business School - [IBS], Mumbai - Scholarship Details

ICFAI Business School (IBS) is offering scholarship exclusively designed for top performers in the IBSAT test, which is scheduled to be held in the 3rd week of December 2024. These scholarships are open to candidates applying for the MBA/PGPM programme and taking the IBSAT test in December 2024.

These scholarships aim to reward academic excellence and provide financial assistance to deserving candidates, encouraging diversity and inclusivity within the student community at IBS. Below detailed are the eligibility criteria for the scholarship:  

Scholarships worth INR 10 crore

IBS Mumbai offers scholarships to its students based on score in IBSAT 2024. IBS has announced scholarships worth Rs. 10 Crores exclusively for top performers in the IBSAT-2024 test, scheduled for December 28-29, 2024.

Eligibility Criteria:

• For Toppers in IBSAT Candidates who secure top ranks in IBSAT 2024
• For Wards of IBS Alumni
• For Physically Challenged Candidates
• For Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces.

A total of 500 scholarships will be distributed by IBS across all its institutions. Each scholarship amounts to Rs 2 lakh per candidate, with the flexibility of adjusting Rs 1 lakh each in the first and second term installments against the program fee.

Merit scholarships for the Class of 2027

IBS aims to award 500 merit scholarships for the class of 2027 to deserving candidates falling under the aforementioned categories. Each scholarship amounts to INR 2 lakh per candidate, with the flexibility of adjusting INR 1 lakh each in the first and second-term installments against the program fee.

Terms and Conditions for Merit Scholarships

To avail these prestigious scholarships, candidates must fulfill the following terms and conditions:

1. Eligibility: Scholarships will only be offered to candidates who have appeared for the IBSAT-2024 test and have successfully qualified.
2. 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.
3. 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.
4. 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 continues to set a benchmark for excellence in management education. With its commitment to providing scholarships to deserving candidates, IBS aims to unlock opportunities and create a diverse pool of future business leaders who will contribute to the growth and success of organisations and society as a whole.