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ICFAI Business School (IBS), Mumbai, Mumbai - Fee Structure & Course Fees 2025

LocationMumbai (Maharashtra)
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Updated on - Mar 04, 2025 12:48 PM IST

IBS Mumbai Fee Structure

The Institute of Business Studies (IBS) Mumbai offers a comprehensive Post Graduate Programme in Management (PGPM) designed to equip students with the skills required for leadership roles in various industries. Understanding the fee structure is essential for prospective students to make informed decisions about their education and financial planning. This article provides an in-depth analysis of the IBS Mumbai fees, outlining the various components, payment schedules, scholarship opportunities, and placement statistics to offer a clear and detailed overview.

Fee Structure

The fee structure for the PGPM program at IBS Mumbai comprises several components. Below is a detailed breakdown:

ComponentAmount (INR)
One-Time Fee1,800
Tuition Fee9,09,000
Hostel FeeNot Applicable
Total Tuition Fee9,10,800

Notes

  • One-Time Fee: This includes registration and admission charges, which are typically non-refundable.
  • Tuition Fee: The primary cost covering academic programs and resources.
  • Hostel Fee: IBS Mumbai does not provide hostel facilities; students are responsible for arranging their own accommodation.

Payment Schedule

The payment of fees at IBS Mumbai is structured to ease the financial burden on students through installment options. While specific details may vary each academic year, the general payment schedule is as follows:

  • First Installment: Due at the time of admission acceptance.
  • Subsequent Installments: Typically spread across the duration of the program, often aligned with semester completions.
  • Final Installment: Due before the commencement of the final term.

Students are advised to confirm the exact payment dates and amounts with the IBS Mumbai admission office to ensure timely payments.

Scholarships Offered

IBS Mumbai offers various scholarships to support meritorious and economically disadvantaged students. The scholarships are primarily based on:

  • Academic Merit: Awards based on high academic performance during admissions.
  • Special Criteria: Scholarships for specific categories such as women, minorities, or students from certain economic backgrounds.

Prospective students should contact the IBS Mumbai admission office for detailed information on available scholarships, eligibility criteria, and the application process.

FAQs on IBS Mumbai Fees

Q: What is the total fee for the PGPM program at IBS Mumbai?

A: The total fee for the PGPM program at IBS Mumbai is approximately INR 9.10 lakh. This includes tuition fees and a one-time fee of INR 1,800. Since IBS Mumbai does not offer hostel facilities, accommodation expenses are additional. For the most accurate and updated information, please consult the IBS Mumbai admission office or visit their official website.

Q: What are the components of the IBS Mumbai fee structure?

A: The fee structure at IBS Mumbai includes:

  • Tuition Fee: The primary cost for the academic program.
  • One-Time Fee: Registration and admission charges, typically non-refundable.
  • Refundable Deposits: Not applicable as IBS Mumbai does not require a refundable caution deposit.
  • Other Expenses: Accommodation and personal expenses, as hostel facilities are not provided.

Q: How do I pay the IBS Mumbai fees?

A: Fees at IBS Mumbai can be paid through various methods such as online banking, credit/debit cards, net banking, or direct bank transfers. Detailed payment instructions and banking details are provided upon admission. It is recommended to adhere to the specified payment deadlines to avoid any inconveniences.

Q: Are there any scholarships or financial aid options available at IBS Mumbai?

A: Yes, IBS Mumbai offers scholarships based on academic merit and other special criteria such as financial need, gender, and minority status. Students are encouraged to apply for scholarships during the admission process. For detailed information on available scholarships and eligibility, contact the IBS Mumbai admission office.

Q: What is the payment schedule for the IBS Mumbai PGPM fees?

A: The PGPM fees at IBS Mumbai are typically paid in installments aligned with the academic calendar. The general schedule includes an initial payment upon admission acceptance, followed by subsequent installments throughout the program duration. Exact payment dates and installment amounts should be verified with the IBS Mumbai admission office.

Q: Does IBS Mumbai provide hostel facilities, and what are the related fees?

A: IBS Mumbai does not offer hostel facilities. Students need to arrange their own accommodation, and associated costs vary based on personal preferences and location.

Q: What is the refund policy for the IBS Mumbai fees?

A: The one-time fee at IBS Mumbai is generally non-refundable. Tuition fees may be refundable under specific conditions, such as discontinuation due to administrative reasons or medical emergencies. It is advisable to review the institute’s official refund policy or consult the admission office for detailed information.

Q: What is the average placement package at IBS Mumbai?

A: The average placement package at IBS Mumbai is approximately INR 8.03 LPA. Additionally, the highest package recorded is INR 25 LPA, demonstrating the institute's strong placement performance and industry connections.

Q: Which companies participate in IBS Mumbai's placement process?

A: IBS Mumbai collaborates with a diverse range of companies across various sectors, including Tata Consultancy Services, Infosys, Deloitte, and many others. These companies participate in campus recruitment drives, offering ample opportunities for students to secure prominent positions.

Q: Can international students apply to IBS Mumbai, and how does that affect the fee structure?

A: International students are welcome to apply to IBS Mumbai. The fee structure for international students may differ from that of domestic students. It is recommended to contact the IBS Mumbai admission office for specific details regarding fees, scholarships, and other requirements for international applicants.

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