IBS Kolkata Scholarship Details

Ajay Morab

Updated on - Sep 25, 2024

IBS Kolkata scholarships are offered so students can pursue their education without financial hurdles. IBS Business School Kolkata believes in providing equal education opportunities for every socio-economic background. IBS has recently announced scholarships worth INR 10 Crores for the same. All the candidates applying for the PGPM/MBA Programme and appearing for the IBSAT 2023 are eligible for the IBSAT Scholarships. More detailed information about the recent IBS Kolkata scholarship 2023 is given below.

• IBSAT Scholarships
• Other Scholarships
• Education Loan
• IBSAT National Mock Test

IBSAT Scholarship

Scholarships amounting to INR 10 Crores have been announced by IBS for the IBSAT 2023 top performers. Candidates applying with the scores of the management entrance tests like GMAT, CAT, NMAT, and XAT should also appear for IBSAT in order to be considered for the scholarship.

IBS is planning to award around 500 merit scholarships to the below categories of students in addition to the IBSAT top performers. Each scholarship amounts to INR 2 lakhs per candidate, with the flexibility of adjusting INR 1 lakh each in the first and second-term installments against the program fee. Apart from the IBSAT Toppers, the scholarships are provided to the following section of students listed below.

Other IBS Kolkata Scholarships: IBS Business School Kolkata awards scholarships to students based on need and for the wards of parents of a particular occupation. The other IBS Kolkata scholarships which are awarded are listed below.

• Scholarship for Physically Challenged candidates
• Scholarships for wards of Defense personnel (Both serving and retired)
• Scholarships for the wards of IBS Alumni 

Education Loan: IBS Kolkata provides financial assistance through educational loans to ICFAI Business School Kolkata students. Various private and public sector banks have tie-ups with the college. The types and names of the partner banks are listed below,

1) Public sector banks

2) Private sector banks

• Axis Bank
• ICICI Bank
• IDFC Bank
• YES Bank

3) Non-Banking Financial Institution

• HDFC Credila Financial Services Ltd

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.