ICFAI Business School (IBS), Kolkata
Established in 1995 | Approved/Accredited by AIU, UGC | Private
Established in 1995 | Approved/Accredited by AIU, UGC | Private
ICFAI Business School (IBS), Kolkata, is a reputed management institute established in 1995. It is a constituent of the ICFAI Foundation for Higher Education (IFHE), a deemed university recognized by the UGC. IBS Kolkata is known for its balance between academic rigor and active industry interface, providing students with a strong learning environment and corporate culture exposure.
Key Highlights:
Offers a two-year full-time Post Graduate Programme in Management (PGPM) equivalent to an MBA.
Located in Kolkata, West Bengal, the campus combines natural ambiance with modern infrastructure.
The institute focuses on shaping industry-ready professionals through a curriculum that integrates various functional areas in a dynamic organizational context.
Accreditation & Rankings:
IBS Kolkata is approved by AIU and UGC.
Ranked #17 All India by Silicon India and #2 in the Eastern Zone by Silicon India.
Recognized among top business schools in Eastern India by CSR GHRDC and other national rankings.
It is part of the ICFAI group, which holds notable accreditations including NAAC A++ for IFHE Hyderabad (parent university) and memberships such as AACSB for IBS Hyderabad, reflecting the quality standards of the network.
Academic Environment:
The faculty comprises experienced academics and industry professionals.
Programs emphasize practical knowledge alongside theoretical foundation.
Strong focus on corporate interaction, internships, and industry-relevant skill development.
IBS Kolkata is considered one of the top private B-schools in the Eastern region, known for its academic quality, good infrastructure, and industry connection, making it a preferred choice for management aspirants in Kolkata.
ICFAI Business School (IBS), Kolkata offers a full-time two-year Post Graduate Programme in Management (PGPM), equivalent to an MBA. The program covers core management skills and offers specializations in Marketing, Finance, Human Resource Management, Operations, and Information Technology and Systems.
Courses
PGPM (MBA equivalent), 2 years, full-time with 4 semesters.
Electives/Specializations include Marketing, Finance, HRM, Operations, IT & Systems.
Fee Structure (2025)
Total tuition fee for the 2-year PGPM is approximately ₹8.3 lakh to ₹9.11 lakh.
The fee is payable over four semesters.
Application fee: ₹1,800 (one-time).
Admission Eligibility
Graduation with at least 50% aggregate.
English as the medium of instruction during graduation or valid TOEFL/NELT/IELTS scores.
Candidates must appear for entrance exams like CAT, XAT, NMAT, GMAT, or IBSAT (the institute's own test).
Final year students eligible to apply, subject to timely completion of graduation requirements.
The PGPM program includes a 14-week mandatory summer internship after the second semester to enhance industry exposure and practical learning. IBS Kolkata is known for its comprehensive curriculum designed to develop industry-ready management professionals.
The admission process for ICFAI Business School (IBS), Kolkata for its MBA/PGPM program in 2025 is as follows:
Admission Process
Application Form: Candidates must apply online through the official IBS website, registering their details, and paying an application fee of ₹1,800. The application includes academic and personal information, along with valid entrance exam scores like IBSAT, CAT, XAT, GMAT, or NMAT.
Entrance Exams: Candidates can appear for the IBSAT exam, which is an online remote-proctored test conducted in December, or submit valid scores from national tests such as CAT, XAT, GMAT, or NMAT.
Shortlisting: Based on the entrance exam scores and past academic record, candidates are shortlisted for further rounds.
Selection Rounds: Shortlisted candidates are called for selection rounds consisting of a Micro Presentation and Personal Interview (PI), which assess communication skills, leadership potential, and overall personality.
Final Admission: After successful completion of the selection process, the institute releases admission confirmation letters. Candidates then pay the program fee to confirm their seat.
Eligibility
Graduation with a minimum of 50% aggregate marks.
English as the medium of instruction during graduation or submit valid TOEFL/NELT/IELTS scores if otherwise.
Final year students can also apply subject to timely completion of degree requirements.
This comprehensive admission process ensures that the selected candidates are academically competent and possess strong communication and leadership qualities suitable for management studies at IBS Kolkata.
ICFAI Business School (IBS), Kolkata is approved and accredited by several recognized bodies:
It is approved and accredited by the University Grants Commission (UGC) and Association of Indian Universities (AIU).
IBS Kolkata is a constituent of the ICFAI Foundation for Higher Education (IFHE), Hyderabad, which has been awarded an 'A++' grade accreditation by the National Assessment and Accreditation Council (NAAC) with a CGPA of 3.59/4.00.
While IBS Hyderabad (part of the same ICFAI group) holds accreditations from SAQS and is a member of AACSB, IBS Kolkata benefits from the strong accreditation credentials of its parent university and its own regional accreditations.
The school maintains high academic standards aligned with the quality assurance framework of IFHE, including approvals from AICTE for programs offered.
In summary, IBS Kolkata holds solid accreditation credentials through its parent deemed university IFHE Hyderabad's NAAC A++ accreditation and UGC/AIU recognition, affirming its quality education standards.
ICFAI Business School (IBS), Kolkata has maintained a strong placement record with over 94% of students placed in 2025. The highest domestic package offered was ₹9 lakh per annum, and the highest international package reached ₹12.5 lakh per annum. The average salary package stands at around ₹7.09 lakh per annum. The placement rate is approximately 95%, with the top 25% of students securing average packages of ₹8.6 to ₹9 lakh per annum.
Top Recruiters at IBS Kolkata
ICICI Bank
Kotak Life Insurance
HDFC Life
Deloitte Shared Services India
PwC
LTI Mindtree Limited
CSB Bank Ltd.
Anand Rathi
Gamechanger Business Services
Anarock Property Consultants
Other key recruiters from BFSI, consulting, IT services, and more sectors.
Placement Sectors and Roles
Banking and Financial Services
Consulting and Technology
E-commerce, Media, and Research
Roles include finance analyst, marketing executive, HR associate, operations manager, and consulting positions.
IBS Kolkata's comprehensive industry connect and internship program help students gain practical exposure and secure placements in leading companies with attractive salary packages.
ICFAI Business School (IBS), Kolkata holds strong regional rankings and is recognized as one of the prominent business schools in Eastern India:
Ranked #2 in West Bengal and #4 in the Eastern Region among B-Schools of excellence by CSR GHRDC.
Ranked #17 All India and #2 in the Eastern Zone by Silicon India among private B-schools.
It is ranked #11 among Top New Generation B-Schools in India.
IBS Kolkata is part of the ICFAI Foundation for Higher Education (IFHE), which is ranked #40 among top 125 management institutes in India by the MHRD NIRF Ranking 2023.
While it is not among the top national-level B-schools that appear in general MBA rankings, it holds a strong reputation regionally and is recognized for academic quality and industry relevance.
ICFAI Business School (IBS), Kolkata offers a well-equipped, modern campus with a range of facilities to support academic and extracurricular activities:
A state-of-the-art Wi-Fi enabled campus with fully air-conditioned classrooms equipped with internet connectivity and projectors.
Modern audio-visual teaching aids to enhance the learning experience.
A large library and reading room, named "Amartya Sen Knowledge Centre," with over 20,000 books, national and international journals, magazines, e-journals, and digital resources.
Computer labs with advanced databases and simulation games for practical learning.
Auditorium for seminars, guest lectures, and cultural events.
Cafeteria serving nutritious food to students, staff, and faculty at reasonable prices.
Sports facilities including indoor and outdoor games like football, basketball, cricket, table tennis, carrom, squash, tennis, badminton, and a gymnasium with modern workout equipment.
Off-campus accommodation on a sharing basis is available nearby the campus.
Psychological counseling by trained counselors and soft skills training by experts.
Common rooms and clubs for various specializations and activities fostering holistic development.
Convenience store and other amenities to support student needs.
The campus is located in Salt Lake City, Kolkata, surrounded by greenery and water bodies, providing a vibrant and safe environment conducive to learning and personal growth.