IBS Gurgaon Scholarship Details

Janki Sharma

Updated on - Sep 25, 2024

IBS Gurgaon provides scholarships to students in order to reduce the economic variability between different classes of society. The students in IBS Gurgaon are funded through various educational loans. IBS organizes the IBSAT Test every year in order to select suitable candidates for scholarships. This year IBS has announced scholarships worth 500 merit scholarships amounting to INR 10 Crores on the basis of IBSAT performance in the academic year 2023. Other scholarship details are listed below.

• Merit Scholarships
• IBSAT Top Performers
• Wards of Defense Personnel
• Other Scholarships
• Educational Loans
• IBSAT National Mock Test

Merit Scholarships

The details regarding the merit scholarships are listed below.

IBSAT Top Performers

• IBSAT selects top performers on the basis of IBSAT performance every year.
• This year IBSAT is to be held in the third week of December.
• Those candidates who apply for MBA/PGPM admission and appear for IBSAT are eligible for the scholarship.

Wards of Defense Personnel

• This involves the wards of our army men, navy, airforce, and paramilitary forces.
• The defense personnel can be either serving or retired.

Other Scholarships

• Wards of IBS Alumni are offered scholarships.
• Even, physically challenged candidates are also offered financial assistance in the form of scholarships.

Educational Loans

• The Educational loans for pursuing courses at IBS Gurgaon are obtained through Public Sector and Private Sector Banks like HDFC Bank Ltd, Axis Bank, ICICI Bank, and IDFC First Bank.
• Non-banking financial Institutions like HDFC Credila Financial Services Ltd also provide educational loans at nominal interest rates.

IBSAT National Mock Test

IBSAT 2024 is an online proctored management entrance test designed to assess candidates for admission to the IBS (ICFAI Business School) MBA/PGPM 2025-27 campuses. The test syllabus, similar to CAT, consists of four sections, with 140 marks to be completed in 120 minutes. As part of the preparation, IBS offers a National Mock Test series starting from August 31st, with eight test dates available until December 7th. These mock tests provide a valuable opportunity for candidates to practice in a simulated environment, and only those who take the proctored mock tests will be eligible for prize money.

Students willing to appear for the test need to register for it online.  Students can either write the practice test or the proctored test and can take a maximum of 5 practice tests, either before or after the proctored test.

A total of 100 prizes will be awarded, with the top three prizes being Rs 1,00,000, Rs 50,000, and Rs 25,000, respectively, and 97 additional prizes of Rs 5,000 each. Registrations for these mock tests are free, making it an accessible opportunity for all aspiring management students.