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IBSAT Scholarship 2024: Eligibility, How to apply and Tuition-fee waiver

IBSAT Scholarship 2024: Eligibility, How to apply and Tuition-fee waiver

Edited By Ujjwal Kirti | Updated on Jun 25, 2024 05:08 PM IST | #IBSAT

ICFAI Business School (IBS) scholarships are provided for the students as financial aid to complete their studies. IBS offers various scholarships on different parameters. IBS offers scholarships in the different categories such as merit-based, IBS alumni wards, wards of defence personnel and IBS scholarships for physically challenged candidates. This year, ICFAI Business School (IBS) is offering the IBSAT-2024 scholarships, exclusively designed for top performers in the IBSAT test, which is scheduled to be held in December. IBSAT scholarships are open to candidates applying for the MBA/PGPM programme and taking the IBSAT test in December 2024.

IBSAT Scholarship 2024: Eligibility, How to apply and Tuition-fee waiver
IBSAT Scholarship 2024: Eligibility, How to apply and Tuition-fee waiver

500 scholarships worth Rs 2 lakhs each being offered through IBSAT exam only. Earlier, the IBSAT scholarships were being offered to the top performing students in other national exams CAT/XAT/GMAT as well but for the 2024 academic year all the 500 scholarships will be through the IBSAT only. Students who meet the ICFAI Business School Scholarships eligibility criteria can apply for the IBS Scholarships.

Apart from the meticulous course structures, IBS caters towards their students, who have excelled in the field of academics. All the IBS campuses, that are located at Ahmedabad, Gurgaon, Hyderabad, Bangalore (off-campus of Hyderabad), Kolkata, Jaipur, Pune, Dehradun and Mumbai, provide honorable awards and scholarships to academic achievers for their hard work and achievements in the field of academics.

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IBSAT Scholarship Eligibility Criteria 2024

Scholarships from IBSAT 2024 Test

Eligibility Criteria

For Toppers in IBSAT

Candidates who secure top ranks in IBSAT

For Wards of IBS Alumni

Children of IBS alumni applying for the MBA/PGPM programme

For Physically Challenged Candidates

Candidates with physical disabilities applying for MBA/PGPM programme

Wards of Defence Personnel (In-service/retired) from Army, Airforce, Navy, and Paramilitary Forces

Children of in-service or retired defence personnel from these forces applying for MBA/PGPM program

IBS Scholarships worth Rs 10 crore

IBS believes in nurturing talent and supporting aspiring business leaders. To realise this vision, the institution has allocated scholarships worth Rs 10 crore to commendable individuals who excel in the IBSAT test, are children of IBS alumni, belong to the physically challenged category, or are from the families of in-service or retired defence personnel from the Army, Air Force, Navy, and Paramilitary Forces.

  • Merit scholarships for the Class of 2024

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For the class of 2024, IBS aims to give 500 deserving applicants who fit the aforementioned categories merit scholarships. With the option to modify Rs 1 lakh in the first and second term installments against the programme fees, each scholarship is worth Rs 2 lakhs per participant.

How to apply for IBS merit-based scholarship 2024?

To avail themselves of 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.
MICA PGDM Admissions 2025

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IBS keeps raising the bar for top-notch management education. IBS seeks to open doors and develop a broad pool of future business leaders who will contribute to the growth and success of enterprises and society at large through its dedication to awarding scholarships to worthy individuals.

Other IBS Campuses

For those taking the entrance exam, the scholarship programme is intriguing and inspires them to work harder. Candidates must place first in their entrance exams to be eligible for the scholarship in the class of 2024–2026. The student would be encouraged by this programme to enroll in ICFAI Business School.

Candidates who will granted the IBS scholarship can change the amount between the first and second semesters of tuition payment after enrolling at the ICFAI Business School (IBS). This is subject to additional terms and restrictions.

Disclaimer: This content was distributed by ICFAI Business School and has been published as part of Careers360’s marketing initiatives.


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Questions related to IBSAT

Have a question related to IBSAT ?


IBS Aptitude Test is a test to find out your aptitude in the area of IBS. It helps you understand how well you handle stress and anxiety, how much you can cope with pain and discomfort, what are your strengths and weaknesses. The test is designed for people who have been diagnosed with Irritable Bowel Syndrome (IBS).

How does it work?

The test consists of two parts: an online questionnaire followed by a paper-based assessment. You will be asked to answer questions about yourself that may reveal information about your symptoms, lifestyle habits or personality traits which could affect the way you feel.

Thank you!


IBSAT 2021 is scheduled on December 25, 2021 and December 26, 2021. The examination will be conducted in online mode. You do not have to book the slot to attend IBSAT 2021 examination. The examination center, date and time will be allotted to you and it will be given on the admit card. You need to attend the examination as per the details given on the admit card. The admit card will be soon released on the official website. You can download the admit card on the official website: (

IBSAT is a home proctored exam and it will held in the last week of December. You should check your admit card and email that whether you have received login credentials or not. In order to give this exam you must have username and password. At the test day they will be sending you the test link and you will have to login with your username and password. If you do not have login credentials then contact their team as soon as possible but only after checking your mail and admit card properly. They will thoroughly guide you everything.

Hello  Aspirant.

Hope you are doing well.

NMAT = The National Medical Admission Test (NMAT) in Philippines is a national level examination pre-requisite by the applicant for entry to any medical school in the Philippines.

MAT = Management Aptitude Test, commonly known as MAT exam is conducted by the All India Management Association. Through this test, thousands of applicants bag admission to the top-tier B-schools of the country. It takes place 4 times a year.

IIFT = IIFT is a national-level management entrance exam conducted annually by National Testing Agency (NTA), for admission to its MBA ( (IB) program.

SNAP = SNAP entrance exam, commonly known as Symbiosis National Aptitude Test is an MBA level entrance exam that is attempted by almost 2 lakh students all over India to secure admission in the Symbiosis Business Schools. SNAP Test is conducted by Symbiosis International University (SIU). There are a total of 16 Symbiosis Institutes affiliated with SIU.

CMAT = The CMAT exam is one of the most popular MBA entrance exams. Common Management Admission Test (CMAT) is a national level entrance test conducted by National Testing Agency (NTA). Till 2018, it was conducted by All India Council for Technical Education (AICTE) as per the directions of Ministry of Human Resource Development (MHRD), Government of India.

IBSAT = The full form for IBSAT is ICFAI Business School Aptitude Test (IBSAT). It is one of the most popular and prominent university level entrance examinations for pursuing MBA, PGPM & PhD (part-time/full-time) programs in India. IBSAT 2021 is an entrance test which is conducted by ICFAI Foundation For Higher Education.

XAT = Xavier Aptitude Test (XAT) is a national-level MBA entrance test conducted by Xavier Labor Relation Institute (XLRI) Jamshedpur on the behalf of Xavier Association of Management Institutes (XAMI).



hello krantiswaroop1435

I hope you are doing good .As per your query, I am sorry to tell you that once you are shortlisted , it would be very difficult to change of campus. Shortlisting of all campuses is done almost at same time . So if they changed your seats to other campus, then vacant seat will be wasted and that will be their loss of fees.However, you can give a try with a geniune reason and may be change your seats if someone else(very rare chane but you can try)

Hope you found this answer helpful. Good luck for your future

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