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IBSAT(ICFAI Business Studies Aptitude Test)
The Institute of Chartered Financial Analysts of India (ICFAI) University, Dehradun, Uttaranchal is a UGC (University Grants Commission) recognized University that represents the multi-state network of universities, sponsored by the Institute of Chartered Financial Analysts of India in Uttaranchal, Tripura, Sikkim, Meghalaya and Mizoram under respective legislations. The University confers bachelor’s, master’s and doctoral degrees to eligible students subject to the University Regulations.

ICFAI Business Studies Aptitude Test (IBSAT) is the common admission test for getting admission into the Business management programs in their different participating Business Schools spread across India which are listed underneath:

ICFAI Business School (IBS)
ICFAI National College (INC)
ICFAI School of Financial Studies (ISFS)
ICFAI School of Marketing Studies (ISMS)
ICFAI School of Human Resource Development(ISHRD)

Through different ICFAI Institutes that are located in different parts of the country, ICFAI University offers MBA Programs which prepares men and women with the skills, knowledge and attitudes essential to the leadership of business anywhere in the world. Admissions to these MBA programs are done through ICFAI Business Studies Aptitude Test (IBSAT). The MBA programs are two year full-time campus-based programs with the following elective streams:

International Business
IT & Systems

The eligibility conditions for admission into various MBA programs through ICFAI Business Studies Aptitude Test (IBSAT) are:

For IBS/ISFS/ISMS/ISHRD: Graduation (10+2+3 or 10+2+4) from any discipline, (English medium) with 50% and above aggregate marks.

For INC: Graduation (10+2+3 or 10+2+4) from any discipline, with 40% and above aggregate marks.
All applicants should have completed a minimum of 15 years of formal schooling (on 10+2+3 or 10+2+4 basis) by April 30 of the concerned year. Applicants who have completed their graduation on a one-time sitting basis or on a 2-year basis are not eligible for admission to the management programs of ICFAI.

Although the only specific requirement for admission is a bachelor’s degree from an accredited college or university, the admissions committee seeks to admit a mix of applicants who bring unique contributions from their diverse backgrounds and experiences and who collectively enrich the educational experience.

Students in their final year bachelor’s degree course are also eligible to apply, provided they complete their graduation requirements including practical examinations/viva/assignments before April 30 of concern year. Such applicants will have to produce a certificate to that effect at the time of admission. For any extension of this deadline, the applicants should apply separately, giving the schedule of their graduation examination. Extension may be granted on the basis of the circumstances of the case. The admission of applicants will, however, remain provisional until they produce mark sheets and a degree certificate establishing their eligibility.

IBSAT is based on GMAT format with multiple choice questions and tests the applicant’s abilities in quantitative techniques, data adequacy, vocabulary, writing skills, analytical reasoning and reading comprehension

The Admission process for ICFAI Institutes comprises of IBSAT score and interviews. Applicants are required to write the IBSAT.

Alternatively, GMAT scores are also accepted by IBS. The applicants short-listed on the basis of their performance in the IBSAT Entrance test are called for the interviews.

The IBSAT scores will be made available to the participating institutions namely ICFAI Business School, ICFAI National College, ICFAI School of Financial Studies, ICFAI School of Marketing Studies and ICFAI School of Human Resource Development.

Each participating institution determines its own cut-off scores of IBSAT and calls the students for interviews. The students short-listed for interviews will be supplied with a copy of the official prospectus and application material of the respective participating institutions.

TENTATIVE DATES : - ICFAI Business Studies Aptitude Test (IBSAT) is conducted in the month of December every year.

Applicants interested in applying for IBSAT can avail any one of the following online registration facilities:

Applicants can fill up the application form available at , submit online and make payment prescribed in the forms towards cost of IBSAT bulletin and application processing fee, using credit card (Visa/MasterCard/Citibank Card) through secure internet payment gateway.

Download the Application Form, complete it and send it along with demand draft towards cost of IBSAT bulletin and application processing fee, (demand draft should be drawn in favor of "ICFAI A/c IBSAT " payable at Hyderabad) to:

The Admissions Officer
Campus Programs Admissions Department (CPAD)
45, Nagarjuna Hills,
Hyderabad-500 082

The Admissions Officer (IBSAT)
Campus Programs Admissions Department (CPAD) HQ,
45, Nagarjuna Hills, Punjagutta, Hyderabad 500082
Phone: 040-23435328/29/30/45.
Fax: 040-23435347/48.