IBSAT 2024 Notification


IBSAT 2024 Notification (Out)


IBSAT 2024 or the ICFAI Business School Aptitude Test is a university level exam conducted each year by the ICFAI or the Institute of Chartered Financial Analysts of India. IBSAT is administered to determine if applicants are qualified for admission to the MBA and PGPM programmes provided by the ICFAI Business School. The article offers the candidates an insight into IBSAT 2024 Application, eligibility criteria, results among other things. The IBSAT  2024 exam is expected to take place on December 24 or 25, 2024.


IBSAT 2024 Overview


Exam Name 
ICFAI Business School Aptitude Test (IBSAT)
Conducting Body
ICFAI Foundation for Higher Education
Exam Category 
Post Graduate
Level of the Exam 
University level
Type of Questions
Multiple Choice Questions
Courses offered 
Exam Date 
December 24-25, 2024 (Tentative)


IBSAT 2024 Exam Dates

The official IBSAT 2024 Exam Dates have not yet been released by the ICFAI. Once released the exam dates will be updated here then. However, for the ease of the candidates we have provided the list of the tentative IBSAT 2024 Exam Dates as provided on the official NTA website (https://ntaexam.net/ibsat-2024/): 


Tentative Exam Dates 
Application Form Submission 
July 1, 2024
Last date of Application Form Submission
December 21, 2024
Admit Card Release 
3rd week of December 2024 
Exam Date 
December 24-25, 2024
Result Declaration 
1st week of January 2025
Briefing about the selection process
February 2025 
Selection process for MBA/PGPM
February/March 2025 


IBSAT 2024 Application Form

The IBSAT 2024 Application form can be accessed through two different modes:


Online – The official website will host the 2024 IBSAT application form (https://ibsindia.org/) once it has been released. 

Offline – The registration form and bulletin for IBSAT 2024 can be obtained from any of the IBS marketing offices located throughout the nation.


How to fill the IBSAT 2024 Application Form Online?

It is to be noted that the  explanation of each individual item to be filled and the process as to how to fill them can be found on the official website for IBSAT 2024 under the “Application Guidelines” tab.(https://ibsindia.org/application-guidelines/)


Step 1 – IBSAT Registration 2024

  • Visit the official website of the IBSAT 2024 (https://ibsindia.org/). 
  • Click on the “Apply to IBS” tab.
  • Enter a valid email id, mobile number, and postal address to fill out the IBSAT 2024 application form.
  • Make the IBSAT 2024 exam fees payment.
  • After the payment, a confirmation email containing the login credentials of IBSAT 2024 will be sent to the email id provided by the candidates.


Step 2 – Filling the IBSAT application form online

  • Once logged in, the candidates have to fill out the application form for IBSAT 2024 by entering their personal and academic details such as, Name of candidate, Date of Birth, Gender, Address, Exam city, Identity details among other things. 
  • Once the details are entered, the candidates will then have to click on “Proceed”.


Step 3 – Editing the IBSAT 2024 application form

  • The candidates can now recheck all the details entered. If they notice any discrepancy, the candidate can edit the same by clicking on the “edit tab”.


Step 4 – IBSAT registration fees payment

  • After final submission, the candidates have to pay the IBS registration fees of Rs 1800 for IBSAT registration 2024. 
  • Candidates can pay the requisite fees only through Debit card, Net banking or Credit card. 


Step 5 – Payment Receipt

  • Once the application fees have been submitted, the final payment receipt will be displayed on the screen. 
  • Take a printout of the same for future reference.


How to fill the IBSAT 2024 Application Form Offline?

  • Step 1- Purchase an IBSAT 2024 application form and prospectus for Rs 1,800 in cash from any IBS campus location or authorized marketing branch.
  • Step 2 – The candidate will be given an envelope containing the IBSAT prospectus, on which are printed the login ID and voucher number.
  • Step 3 – Login and register on the official website using these credentials.
  • Step 4 –  After providing a valid login ID and password, you will be sent to the “Change your password” area of the following page.
  • Step 5 – Modify your password and finish completing the IBSAT application.


Application Form – Documents Required 

The following documents are important when filling out the IBSAT 2024 Application form:-


  • Valid Email ID
  • Educational details
  • Debit/Credit card
  • Aadhaar card/ Voter card/ Passport, etc
  • Photograph and signature in jpg/jpeg format and within 50kb


IBSAT 2024 Application Fee

The IBSAT 2024 Application Fee is Rs. 1800. Candidates can pay the requisite fees only through Debit card, Net banking or Credit card. For more instructions regarding the payment methods the candidate can visit the official website for IBSAT 2024 (https://ibsindia.org/payment/applicationfee.html). 


IBSAT 2024 Eligibility Criteria

The following is the IBSAT 2024 Eligibility Criteria:-


Eligibility Criteria 
2 year Management Program
  • Graduation (any discipline) with 50% and above marks (as calculated by respective University) with medium of instruction as English.
  • All applicants should have completed a minimum of 15 years of education (on 10+2+3 or 10+2+4 basis).
  • Candidates not meeting the eligibility criteria of English medium in graduation have to submit the TOEFL/ NELT/ IELTS score by an assigned date given by the conducting body. 
  • Applicants 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 the assigned date given by ICFAI. 
PhD Program in Management 
  • Graduation (any discipline) with 50% and above marks with medium of instruction as English and
  • Post Graduation in Management (full time with specialization in Marketing/ Finance/ Human Resource Management/ Operations from an UGC approved University) with 55% and above marks or
  • Post-graduation (full-time) in Economics, Commerce, Psychology, Sociology, Public Administration,Statistics, and Mathematics or in an allied discipline from a UGC recognized University in India or abroad with 55% and above marks. Candidates who are offered admission are required to undertake the first year MBA courses as a prerequisite to continue in the PhD Program.
  • A Professional qualification like CFA/ CA/ CWA/ CS with 55% and above marks.
PhD Program in Economics
  • Graduation with 50% and above marks and Post-graduation in Economics or allied discipline with 55% and above marks.
  • All applicants should have completed a minimum of 17 years of regular education (on 10+2+3+2 or
    10+2+4+2 basis).
  • Candidates not meeting the eligibility criteria of English medium in graduation and/ or post graduation have
    to submit the TOEFL/ NELT/ IELTS score by an assigned date by ICFAI. 


IBSAT 2024 Exam Pattern

The IBSAT 2024 consists of 4 sections, namely:-

  • Verbal Ability
  • Reading Comprehension
  • Quantitative Ability
  • Data Adequacy and Data Interpretation 


The exam will be conducted in online mode. The questions asked will be Multiple Choice Questions and therefore will be objective type.The mode of language and instruction for the examination is English. The total time duration for IBSAT 2024 is 2 hours with the question paper being divided into 4 sections, i.e, Verbal Ability, Reading Comprehension, Quantitative Ability and Data Adequacy and Data Interpretation. All the sections are compulsory. There are a total of 140  questions asked, with the exam being of a total of 140 marks. The candidate will be awarded +1 for every correct answer. There is no negative marking for any wrong or unattempted answer. 


IBSAT 2024 Exam Sections
No. of MCQs 
Verbal Ability
Reading Comprehension
Quantitative Ability
Data Adequacy and Data Interpretation


The exam will consist of 4 sections as mentioned in the above table. 


  • Verbal Ability: This section has a maximum of 50 questions and covers all key elements of the English language, including grammar, sentence structure, vocabulary use, idioms, phrases, one-word substitutions, and scrambled paragraphs.
  • Reading Comprehension: This section consists of 30 questions, which are based on RC texts, and are not too challenging. The difficulty level of RC passages is moderate, and RC-based questions that are directly related to the content in the passage can be tackled with some success.
  • Quantitative Ability: This section consists of 30 questions. The candidate’s  mathematical skills will be put to the test in this section. It is quite comprehensive and covers every area of mathematics, with an increased focus on arithmetic. The segment is only moderately challenging.
  • Data Adequacy & Data Interpretation: This section consists of 30 questions. There are two different types of inquiries in it; the first type is about data interpretation and calls for data analysis, data comparison, and data trends, while the second type is about data sufficiency.


IBSAT 2024 Negative Marking

There is no negative marking in the IBSAT 2024 Exam. The candidate will be awarded +1 for every correct answer with no marks being deducted for a wrong or unattempted answer. 


IBSAT 2024 Syllabus

The IBSAT 2024 consists of 4 sections. The following is the IBSAT 2024 Syllabus for all the four sections tested in the exam:-


IBSAT 2024 Syllabus 
Verbal Ability
  • Usage of Parts of speech; tenses; conditional
  • Syntax of Vocabulary Usage
  • Jumbled Sentences
  • Sentence Correction and Usage
  • Sentence Completion
  • Use the appropriate words
  • Cloze Test
  • Spot the Errors
  • Phrasal Verbs
  • Use of Antonyms; Synonyms and idioms
  • Fill in the blanks
  • Corrections of grammatical errors
  • Reading Comprehension passages
Quantitative Ability 
  • Algebra
  • Permutations and Combinations
  • Bar graph
  • Trigonometry
  • Mensuration
  • Solid Geometry
  • Statistics
  • 2D and 3D Geometry
  • Probability
  • Line graph
  • Modern math
  • Coordinate Geometry
  • Mixture & Solution / Allegations
  • Pie chart
  • Number Systems
  • Average
  • Profit & Loss
  • Percentage
  • Time & Work
  • Interest
  • Ratio & Proportion
  • Man days & works
Reading Comprehension
This section will include passages from which 30 questions will be asked.
Data Adequacy & Data Interpretation
  • Cause and Effect
  • Linear arrangement
  • Statements and Conclusion
  • Matrix arrangement
  • Line chart & Pie chart
  • Graphs representing area
  • Venn diagrams
  • Functions
  • Sequencing
  • Identifying the next number of series
  • Symbol-based problems
  • Assertion & Reasons
  • Course of Actions
  • Critical Reasoning
  • Coding and Decoding
  • Puzzles
  • Family tree
  • Syllogisms


IBSAT 2024 Preparation Tips

  • Understanding the Exam Pattern: To start, make sure you fully comprehend the IBSAT exam pattern, including how many sections there are, what kinds of questions are asked, and how much time is allotted for each section.
  • Make a Study timetable: Establish a well-organized study timetable that allows you to devote enough time to each section of the exam while covering all of them.
  • Compile Study Materials: Compile the necessary study materials, such as books, test questions from prior years, and online sources. If you want more practice, think about joining a coaching programme or taking an online test series.
  • Focus on the Fundamentals: Build a solid foundation in the fundamental ideas of verbal and cognitive skills, reading comprehension, and data interpretation. Before going on to more advanced areas, strengthen your foundation.
  • Practice frequently: Regular practice is essential. To evaluate your progress and find out where you need to improve, try answering a range of example questions and taking practice exams.
  • Time Management: Practice time management during your preparation and when taking mock tests. To increase your speed and accuracy, set time limitations for each section.
  • Work on Weak Areas: Determine where you need improvement and set aside more time to do it. As the IBSAT analyzes your performance in all disciplines, don’t skip any sections.
  • Stay Updated with Current Affairs: Stay informed about current events, business news, and general knowledge topics, as these can be important for the reading comprehension and general awareness sections.
  • Join Study Groups: Consider joining or forming study groups with fellow aspirants. Cooperative problem-solving and concept discussion can be helpful.
  • Stay Healthy and Manage Stress: Maintain a healthy lifestyle with a balanced diet and regular exercise. Utilize relaxation techniques to reduce stress because efficient exam preparation requires a calm, concentrated mind.


IBSAT 2024 Admit Card

The IBSAT 2024 Admit Card will be released in the 3rd week of December 2024(tentative), once the slot booking process has been completed, on the official website of IBSAT 2024.(https://ibsindia.org/)


How to download IBSAT 2024 Admit Card?

The following is how you can download the IBSAT 2024 Admit Card:


Step 1- Go to the official website for IBSAT 2024 https://ibsindia.org/


Step 2- In order to access their IBSAT 2024 admit card, candidates must reserve a test time.


Step 3- Enter the application number and password.


Step 4- Choose the city, the testing location, the test day, and the test time.


Step 5- For the IBSAT 2024 slot booking, select either the ‘by Date’ or ‘by Time’ option.


Step 6- Once-booked slots cannot be modified at a later time.


Step 7- Double-check everything and press “Confirm.”


Step 8-  Print the IBSAT 2024 admit card for further use.


In case of any discrepancies in the admit card the candidate can report it to the IBS Admission Office via phone number and email id, both of which are given below:-


Phone number-  040 – 23440963

Email Id- [email protected]


IBSAT 2024 Admit Card – Details Mentioned 

The candidate upon downloading their IBSAT 2024 Admit Card should verify that the following details should be mentioned in it for it to be valid for further use:-


  • Candidate’s Name
  • Candidate’s Category
  • Candidate’s Signature & Photo
  • Gender
  • Application Form No.
  • Roll Number
  • Exam Date and Venue & Reporting Time
  • IBSAT 2024 Exam Day Instructions


IBSAT 2024 Result

The IBSAT 2024 result has not yet been released. Once released the results will be posted on the official website for IBSAT 2024 (https://ibsindia.org/). The tentative date for IBSAT 2024 Results according to the official NTA website is said to be announced in the 1st week of January 2025. 


How to check IBSAT 2024 Result?

By following the following steps the candidates can get access to the IBSAT 2024 Result:-

Step 1- Go to the official website for IBSAT 2024 https://ibsindia.org/.
Step 2- Enter the IBSAT 2024 application number and password and click on the “Login” tab.

check ibsat 2024 result


Step 3- A list of passed candidates will be displayed on your screen.
Step 4- Download the IBSAT 2024 result and take a printout of it for future reference


IBSAT 2024 Result- Details Mentioned in the Scorecard

The candidate upon downloading their IBSAT 2024 Results should verify that the following details should be mentioned in the scorecard for it to be valid for further use:-


  • Candidates name
  • Roll number of the candidate
  • IBSAT 2024 registration/ application number
  • Marks scored in IBSAT 2024
  • IBSAT 2024 rank


IBSAT 2024 Cut Off

All nine of the campuses connected to the ICFAI Business School will publish their cutoff standards for MBA admission following the release of the IBSAT 2024 results. The minimum score needed to get admitted into one of the nine universities associated with ICFAI Business School is the IBSAT 2024 cutoff.

Since the IBSAT 2024 Cut off has not yet been released we have provided you with the expected cut off of IBSAT 2023 for all the nine campuses for ICFAI Business schools :-


Colleges offering MBA 
Expected cut off percentile
IBS Hyderabad
IBS Mumbai 
IBS Gurgaon 
IBS Bengaluru
IBS Pune
IBS Ahmedabad 
IBS Kolkata 
IBS Dehradun 
IBS Jaipur 


If the candidate passes the cut off, only then will they be called up for the Selection process which would consist of a Group Discussion(GD) and a Personal Interview(PI). 


IBSAT 2024 Selection Procedure

Candidates will be shortlisted for the selection briefings based on the IBSAT 2024 cut offs.

The selection briefings are a series of concentrated seminars designed to give the candidate an understanding of the IBS’s programmes and procedures. 40 cities will host the selection briefings in January and February 2025.

Candidates that meet the criteria are invited to participate in the selection process at the IBS Hyderabad campus, which is expected to take place in the final week of February 2025 to the first week of March 2025.

Interviews and group discussions make up the final selection process for admission to ICFAI Business campuses.


IBSAT 2024 Counseling

Candidates will be contacted for counseling, which entails a Group Discussion (GD) and a Personal Interview (PI), after the IBSAT 2024 cutoff has been announced. Past academic achievements of candidates will also be taken into consideration during IBSAT 2024 counseling.The IBSAT 2024 Counseling will be held through online mode. 

The following documents will be required at the time of verification and counseling:


  • 10th and 12th mark sheet and certificate
  • Migration certificate
  • Transfer certificate
  • Character certificate (if required)
  • IBSAT 2024 Admit card
  • IBSAT 2024 Scorecard
  • CMAT/ NMAT/ GMAC/ CAT scorecard
  • Multiple Passport size photographs


For the final merit list of IBSAT 2024 the following criterias will be taken into account:


Selection Criteria Weightage %
Past Academic Record  Class 10th marks 10 50
Class 12th marks 15
Graduation marks  25
Group Discussion(GD) 25
Personal Interview (PI) 25
Total  100


IBSAT 2024 Participating Institutes

The following is the list of IBSAT 2024 Participating Institutes:


  • IBS Hyderabad
  • IBS Mumbai 
  • IBS Bengaluru
  • IBS Pune
  • IBS Gurgaon
  • IBS Kolkata
  • IBS Ahmedabad
  • IBS Jaipur
  • IBS Dehradun


IBSAT Campus Fee Structure

The following is the IBSAT Campus Fee Structure as mentioned on the official website for IBSAT 2024 (https://ibsindia.org/fee-details/):


IBS Campus  Fee for 2 years (in Lakhs) Program 
IBS Hyderabad 16.02 MBA 
1.2 PhD Program – Full Time / Part Time (2024 – 2028)

Full Time PhD students have to pay only Rs. 40,000 towards
admission fee.They get full waiver of tuition fee of Rs. 60,000
per semester for 8 semesters subject to academic performance

IBS Bengaluru (Off Campus of IFHE) 12.06 MBA
IBS Ahmedabad  9.09 PGPM
IBS Gurgaon
IBS Kolkata
IBS Mumbai
IBS Pune 
IBS Dehradun  6.03 MBA 
IBS Jaipur 


  • It is important to note that all campuses require students to submit a refundable caution deposit of Rs 10,000 in addition to the first installment of tuition. Living costs are additional.
  • For the IBS Hyderabad Campus, students must pay a convocation fee of Rs. 4,000 along with the fifth installment of tuition.



Q Is there any financial assistance for IBS Programs?
Ans The candidates selected for IBS Programs avail of educational loans from Public / Private Sector Banks.

Q What is the application fee for IBSAT 2024 Under OBC Category?
Ans The fee for all categories is the same, i.e.Rs. 1800.

Q Is admit card & slot booking the same for the exam?
Ans Yes, both are the same.

Q Will the conducting authority provide a correction facility to edit incorrect details?
Ans The conducting Authority may or may not provide any correction facility. So, you are advised to fill the form carefully.



The article thus gives the candidates a thorough analysis of the IBSAT 2024 exam. The dates for the exam are not yet released but are expected to be December 24-25, 2024. Important information pertaining to IBSAT 2024 Exam, Eligibility criteria, syllabus, cut-off among other things are explained in great detail in the article for the better understanding of the candidate.


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