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Selection Process IBS PDF
Selection Process IBS PDF
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ICFAI Business School (IBS) Selection Process is conducted at IBS Hyderabad campus for the
candidates shortlisted based on IBSAT 2018/GMAT/CAT 2018/ NMAT by GMACTM scores.
The Selection Process is conducted for:
• MBA program offered at IBS Hyderabad, IBS Dehradun and IBS Jaipur.
• Post Graduate Program in Management offered at IBS Ahmedabad,
IBS Bengaluru, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune campuses.
IBS Kolkata
IBS Pune
IBS Mumbai
Admissions Officer
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3
How to reach the Venue
for Selection Process 4 Selection Process
Schedule
5
Registration for the
Selection Process 6 Selection Process
11 IBS Student
Assistantships 12 Address for
Correspondence
13 Financing your
Education
ICFAI Business School (IBS) Hyderabad does not provide any accommodation
for the candidates attending the Selection Process. Candidates and their
accompanying persons are requested to make their own arrangements for
accommodation, well in advance. A list of hotels with their tariff rates and
locations are given in the Ready Reckoner. Please note that this is not an
exhaustive list. The information on other hotels/guest houses in Hyderabad is
available on the internet.
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How to reach the Venue
for Selection Process
The venue for Selection Process (SP) is IBS Hyderabad Campus. The
route map for the same is given in the Ready Reckoner (enclosed).
The candidates have to report at the venue by 7.00 a.m. on the
allotted date for the Selection Process.The registration will be closed
by 8.30 a.m.
Bus Facility: IBS provides to and fro bus facility, from IBS Admissions
Office, Plot No.65, Nagarjuna Hills, Punjagutta, Hyderabad to IBS Hyderabad
Campus, Donthanapally, Shankarpalli Road, Hyderabad on payment of ` 600
per person. The travel time is about one hour for the 33 km Journey.
The buses to IBS Hyderabad Campus will depart between 6.15 a.m. and 7.15
a.m. Those who reach the pick-up point after 7.15 a.m. are required to make
their own travel arrangements.
The candidates who availed the bus facility will be dropped back at Punjagutta
after the completion of the Selection Process. The buses for return journey
will start from campus from 2.30 p.m. onwards.
• Own/ Hired Transport: Those who wish to reach ICFAI Business School
(IBS) Hyderabad Campus at Donthanapalli using their own/hired
transport may report at the Campus by 7.00 a.m. sharp on the date
allotted to them. The registration will be closed by 8.30 a.m.
4 Selection Process
Schedule
Activity Timings
Registration 7.00 a.m - 8.30 a.m
Briefing 9.00 a.m - 9.30 a.m.
Group Discussion and 10.00 a.m onwards
Personal Interview
All candidates are required to register for the Selection Process between
7.00 a.m. to 8.30 a.m. only at ICFAI Business School (IBS) Hyderabad Campus
on the date confirmed by them by showing the Selection Process Call Letter.
Submission of Documents
Candidates have to submit the following documents at the registration
counters on the day of Selection Process:
• Application Form (Duly filled in with photo affixed)
• Self attested Photocopies of marks sheets and
Certificates of Class X, Class XII, and Graduation.
The candidates will not be permitted to attend the Selection Process if they
do not submit the above documents.
Application Form
Candidates should give a complete and true picture of themselves as the
details provided are carefully reviewed, and the admission decision is made
only after assessing all the information provided.
Candidates are advised to indicate their order of preferences for all nine
IBS campuses.
Issue of Admit Card for Selection process
Candidates who submit the duly filled in Application Form and self attested
photocopies of their marks sheets and certificates, will be registered and
issued an Admit Card for Selection Process, which gives the details of events
for the day. The Admit Card should be retained by the candidates for the
entire Selection Process till they leave the campus.
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Results
A detailed letter indicating the percentile secured and the campus
allotted/ waitlisted will be provided on the website www.ibsindia.org in
the First week of March 2019. Candidates can login with their application
number and password to find out their score and whether they are
selected or waitlisted for the campus. A candidate may be selected for
one campus and waitlisted for another campus.
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Waitlist Allotments
The Waitlisted Candidates who have paid the Admission Fee by
March 22, 2019 will be considered for waitlisted allotments.
The waitlisted allotments will be done from March 25, 2019 onwards.
No Canvassing
Candidates and parents are strictly advised not to resort to any
canvassing directly or indirectly to support their application. Canvassing or
recommendation in any form will be a serious disqualification. Also, please
note that there are no management or NRI quotas for admission into the
IBS Programs.
7 Eligibility Criteria
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9 Fee Schedule
IBS Ahmedabad
IBS Bengaluru
IBS IBS Gurgaon IBS Dehradun
Due Date Installment
Hyderabad IBS Kolkata IBS Jaipur
IBS Mumbai
IBS Pune
March 22, 2019 Admission Fee 80,000 80,000 80,000
June 03, 2019 I 2,64,000 1,44,000 97,000
October 14, 2019 II 2,64,000 1,44,000 97,000
February 17, 2020 III 2,64,000 1,44,000 97,000
June 01, 2020 IV 2,64,000 1,44,000 97,000
October 12, 2020 V 2,68,000 1,45,000 99,000
TOTAL 14,04,000 8,01,000 5,67,000
*In addition, students have to pay `10,000 as refundable Caution Deposit along with the first installment
of Program Fee.
Laptops: The candidates are required to get their own laptops when reporting at
the campus.
Hostel facility is available at IBS Hyderabad and IBS Jaipur only. Hostel facility is not
available at other IBS Campuses. However the campus administration will assist the
students in getting a suitable hostel or off campus accommodation nearby the respective
campus. The living expenses in these cities vary from ` 10,000 – ` 15,000 per month.
The Accommodation and Mess charges have to be borne by the students.
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In case more number of students meet the GPA criterion of a particular category, the
amount will be distributed among the eligible students equally. The scholarship amount
awarded will be inversely proportionate to the number of students become eligible for.
The detailed information on Merit Scholarship will be provided in Student Hand Book.
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Students who are offered the Computer Lab Assistantships are required to work in
the Computer Lab after the college for 2 hours (three days in a week) to assist the
System Administrator in systems maintenance, software update, network issues etc.
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13 Financing your
Education
The time, effort and money that students spend in earning a postgraduate
qualification in management can be one of the most important investments
they will ever make. The returns from this investment can be measured in
terms of enhanced career opportunities, self-confidence and success in life.
Clearly, it is an investment with the potential for high returns for a long time
to come.
Obtaining the required finance for post graduation in management education
may be a source of anxiety unless it is carefully planned.This booklet describes
various options available for financing the education at IBS campuses.
Most of the students pursuing programs at IBS have financed their education
through educational loans from various public sector and private sector
banks and financial institutions. The interest rates are subject to change.
Private Banks/ Financial Institutions
IBS has entered into an MOU (Memorandum of Understanding) with HDFC
Credila Financial Services Pvt. Ltd., Avanse Financial Services, and Auxilo
Finserve Pvt. Ltd. for providing educational loans to IBS students. HDFC
Bank & Axis Bank also offers education loans to IBS Students.
Public Sector Banks
State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of
Commerce, Bank of Baroda, Canara Bank, Corporation Bank, Syndicate
Bank, Central Bank of India, Bank of India, Bank of Maharashtra, UCO Bank,
Allahabad Bank and Indian Bank.
Bridge Loan Facility
IBS offers bridge loan to students admitted into the IBS programs till
they receive the sanction and disbursement of an educational loan from a
bank. Students are required to pay the admission fee by the specified date
from their own resources. The bridge loan facility is available for the first
installment of program fee and not for any subsequent installments due on
future dates.
Under the bridge loan facility, IBS will accept four postdated cheques (PDCs).
IBS Students may utilize the bridge loan facility until the sanction of bank
loan. The details will be provided in the Selection Letter.
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Step 2: Consider your options for obtaining financial aid like Student loan
from a bank.
Step 3: Apply for financial aid. Identify the source of funding and submit
application.
Example
The following table gives an indication of the estimated expenditure for a fee of `
14.04 lakhs and sources of funds available for financing post graduation education.
From this, it is evident that to supplement students’ resources to finance their study,
there are adequate sources of funds available to cover the total estimated expenditure.
The details of terms and conditions and interest rates offered by various Public and
Private Sector Banks are provided in subsequent pages. If you have any querries related
to bank loans, please feel free to contact: Financial Aid Facilitation Cell, IBS Admissions
Office, Plot # 65, Nagarjuna Hills, Punjagutta, Hyderabad 500082. Tel: +91-40-2344
0963; E-mail: finaidcell@ibsindia.org
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www.credila.com
Eligibility
Students admitted for 2 year Full time Post Graduate
Management Programs offered at all IBS campuses
across India.
Loan Amount
Minimum of ` 1 Lakh - Maximum of ` 15 Lakhs
(Unsecured/Secured options available)
Margin
NIL
Acceptable security/Collateral
Immovable Property, Fixed Deposit.
Rate of Interest
Starts from 10.95 % Per annum (Floating rate)
Repayment Period
Upto 120 months.
Co-Borrower
Father, Mother, Brother, Spouse.
Income Tax Benefit:
Yes, possible under section 80E of Income Tax act.
Key Benefits:
• Loan covers 100% of the cost
• Co-borrower Flexibility – Multicity Co-borrower
Accepted
• Education loan at your Door Step
• Repayment tenor up to 10 years
• Preserve your family savings for emergencies and
you may get better returns by investing.
• Empower you to take your own financial
responsibilities and also build a good credit history.
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Students admitted for 2 year Post Graduate • Completely filled and signed education loan application
Program in Management/MBA Program, in IBS form (applicant & co applicant)
at various campuses in India. • One photograph – Self attested on the application form
Age Criteria (applicant & co applicant)
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AXIS Bank
Axis Study Power Education Loan Advantages Moratorium Period
Course period plus maximum one year (optional)
• No Processing Fees
• Principle Moratorium available Repayment Tenure
Maximum 180 Months / 15 years
• No Prepayment Charges
• Repayment Tenure as Long as 15 Years Loan Disbursement
To the Institute (IBS)
• 100% Tax Benefit for interest paid under Sec (80E)
Co applicant
Eligibility
Student should be an Indian National & have secured I. Father II.Mother III. Brother or Sister IV. Spouse or
admission on merit basis through entrance test/selection Parents in Law for Married Applicants V. Grand Parents
process of the Institute. if parents are not there.
CourseName Insurance
MBA/PGPM in Ahmedabad, Bengaluru, Gurgoan, Max Life Insurance: Insurance premium would be
Hyderabad, Kolkata, Mumbai, Pune, Dehradun and Jaipur added to the education loan and funded by Axis Bank.
Rate of Interest: 11.75% to 12.25% (floating rate linked Unsecured Loan Amount
to MCLR rates) Unsecured Loan Amount as per Axis Bank norms
Loan Amount Security
Minimum Loan Amount ` 50,000 and Maximum Collateral security applicable as per Axis Bank norms
Loan Amount of ` 75 Lakhs or 95% of the total cost EMI per lakh (approximate)
whichever is lower ` 1,105 approximately per lakh per month EMI for 15
Margin: Nil years.
Processing Fee: Nil Axis Bank:
Mr. Pramod Shetty # 9538397788
Prepayment Charges: Nil
Email id: pramod.shetty@axisbank.com
Pre Closure Penality: Nil
Education Loan Application Form
Repayment Type can be downloaded from: www.axisbank.com/retail/
Interest servicing during the course loans/education-loan/downloads
Approval, Sanction and Disbursement Subject to Banks
internal policy checks, process and eligibility.
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Above ` 7.5 lakhs: Tangible security of suitable value ` 4 lakhs - ` 7. 5 lakhs: Co-obligation of parents/guardians
besides co-obligation of parent. Parent co-obligation is must. One satisfactory third party guarantee.
and assignment of future income.
Above ` 7.5 lakhs: Co-obligation of parents/ guardian
Repayment
is obligatory. Mortgage of immovable property or any
Repayment Moratorium: Course period + 1 year, or other tangible security like pledge of NSC/LIC/Bonds
six months after getting a job, whichever is earlier. The
loan is to be repaid in 5-7 years after commencement etc., having value (surrender value) at least equal to
of repayment. 100% of loan. Extension of charge on property already
Documents Required mortgaged subject to adequate residual value of security.
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Indian Bank
Security
Student Eligibility
Applicant should be an Indian national and should have Upto ` 4 lakhs: Nil
secured admission in professional/technical courses ` 4 lakhs- ` 7. 5 lakhs: Collateral in the form of
through entrance test/merit - based selection process satisfactory third party guarantee.
in India.
Above ` 7.5 lakhs: Tangible Collateral security of
Loan Amount
suitable value or third party guarantee along with
Need based finance, subject to the repaying capacity of the assignment of future income of the student for
the parents/students with following ceilings: payment of installments.
Studies in India: Max ` 10 lakhs Repayment
Rate of Interest Repayment Moratorium: Course period plus + one
year or 6 months after getting a job, whichever
Upto ` 10 Lakhs: 11.60% (concession of 0.50% for Girl is earlier. The loan is to be repaid in 10-15 years
Students) after commencement of repayment. 1% interest
Margin concession to be extended if the interest is serviced
promptly as and when debited during study period.
Upto ` 4 lakhs: Nil
Documents Required
Above ` 4 lakhs: Studies in India: 5% Copies of certificates with regard to educational
qualifications, admission letter, quotation from college
authority stating coverage of expenses, income proof
of parent, assets and liabilities statement of parent/
guarantor, if any.
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Selection
Process @
IBS
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