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School Expert Q&A: ICFAI Business School

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About the Program

Name of the school? ICFAI Business School

School location? Hyderabad, Mumbai, Gurgaon, Bangalore, Pune, Ahmedabad, Kolkata, Jaipur and Dehradun

Year school started? 1995

Any ranking of the school? 25th Rank in NIRF for IBS Hyderabad

Name of the program? 2 yrs Full Time Management Program

Admission Criteria

NMAT score range? 150+

Work Experience requirement, if any? NO

Interview Process: The personal interview is the final stage of Selection Process. The interview panel members are Directors, Deans, Senior Faculty Members and Alumni. Each candidate will be interviewed for 10–15 minutes. The interview panel will focus on assessing the attitude and aspirations of the candidates besides evaluating their general knowledge, communication skills, clarity of thought and expression and aptitude for a career in management.

Group Discussion process: A topic is announced to a group of 12 candidates. The candidates will be given 15 minutes is for group discussion. After discussion each candidate will be given an opportunity to summarize his/her opinion in a minute.

Depending on the presentation, the attributes of the candidates are assessed on the various parameters like Initiative, Clarity of Communication, Relevance of Content, Analytical Skills and Ability to perform in a Group

Any other requirement in the admissions process? The final selection is based on past academic record and performance of the candidates in Group Discussion and Personal Interview

What is the Application Process?

How does one apply for the programme? Through NMAT/GMAT

What is the Application fee? Rs.1800

Where do I get a copy of the Application form? Apply online on www.ibsindia.org/admissions or offline at IBS Information Offices across India. For IBS Information Offices - http://www.ibsindia.org/contact-us

When does the application process start? 1st July

What is the last date to apply? 16th December

What is the Admission Process?

Applicants will have to go through the following process. Candidates can apply through GMAT/NMAT by GMAC, who are qualified based on the scores are called for the selection process.

What was the NMAT score cut-off for accepted students for 2019 intake? 150+

What constitutes work experience? About one year of work experience

When should I expect an invitation for an interview? In the month of January

Who should I contact if I have a question regarding my application? Please share the contact person name and email? Email: ibsat@ibsindia.org ; Toll Free: 1800 425 556677

Fees & other expenses?

What is the estimated cost for the entire program for a student?

  • The fee for 2 Years MBA program at IBS Hyderabad campus is Rs. 16.02 lakhs
  • The fee for 2 Years MBA program at Bangalore (Off campus of IFHE) is Rs. 12.06 lakhs.
  • The fee for 2 Years MBA program at IBS Dehradun and IBS Jaipur campuses is Rs.6.03 lakhs. The fee for 2 Years PGPM program at IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune campuses is Rs. 9.09 lakhs.

What is the cost of living for the duration of the programme? Rs.3 lacs to Rs.4 lacs based on campus

Are there other costs to be taken into consideration? If yes what? NA

What is the financial support option available to students?

What are the scholarship options available for NMAT by GMAC students? Minimum Scholarship eligibility cut off score for NMAT is 225

What are the criteria for determining scholarship applications? NA

What are the options of availing a loan? Banks or NBFS offer education loan to students of IBS

What is the amount of loan that a student is eligible for and what are the documents required? 80% to 95% at collateral security

At what rate of interest is the loan available? What is the date from which loan repayment begins? What is the maximum period in which a loan is to be repaid?

  • Rate of Interest – 8.5% to 13.5%
  • Loan Repayment – After completion of program period + one year (after 3 years)
  • Loan Period – 7 to 10 years

Does the Institute/School help in getting loan? Yes

Curriculum/Faculty/Student Exchange/Hostel accommodation facilities of the school ?

How many intakes in a year and when? 4000 to 4500 across all IBS campuses. May 2nd week preparatory classes and June 1st onwards regular classes

Size of the intake? 4000–4500 across all IBS campuses

What are the specializations available? Marketing, Finance, Information Technology, Human Resource, Operations and dual specializations

What is the geographical representation of the candidates at your school? Any student exchange programs available at your school? Pan India, NO

What % of the batch finds jobs within 3 months of graduation? 95%

What is the mean starting salary of a class after graduation? Rs.7.97LPA

What are the key sectors represented in recruiters for this programme? BFSI, IT/ITES, Consulting

Share with us the names of some top recruiters for this programme? Bank of America KPO, Capgemini, Cognizant Technology Solutions, Deloitte Financial Advisory Services India Pvt Ltd., Edlweiss Broking Ltd., Federal Bank, Genpact India, HDFC Bank, ICICI Bank, KPMG, J.P.Morgan Services India Pvt. Ltd., PwC US Advisory, TCS, WIPRO Ltd, Zenoti & Tolaram Group

Does your school run any initiatives to promote classroom diversity? If yes please share details. Students are allotted sections based on their stream of graduation and geographical distribution.