I Business Institute, Greater Noida

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Overview

I Business Institute (IBI), Greater Noida, is home to one of the best PGDM programs in the Delhi NCR region. The Business School is known for its emphasis on practical education, and its active incubation center. It also enhances career opportunities for students through strategic partnerships with various MNCs. Diversity is an important principle followed by the Institute leadership, as can be seen in the composition of its students. There are seven specializations within the PGDM program offered by IBI: Human Resource Management, Finance, Marketing Management, International Business, Information Technology, Business Analytics, and Supply Chain Management. Students may also opt for dual specializations, with a slightly enhanced academic workload. Six industrial visits are organized every year, in addition to regular guest lectures, workshops and live projects during the semester.

IBI is known for the strength of its Placement Cell and its consistent campus hiring results. In the latest placement season, the highest package offered was INR 35 LPA (similar to that in the best MBA colleges in India), while the average CTC was INR 7 LPA.  This success is a result of constant industry readiness inculcated through the course through workshops, preparation sessions, and CV building exercises. Internships are also a major part of the Institute’s ethos; every student is guaranteed a summer internship placement via the IBI Placement Cell’s efforts. Student life at IBI is vibrant, despite the fact that it is an intensive MBA program. In addition to Sahityam, the two day college festival, students celebrate more than ten annual events, including the annual sports day, the freshers’ party, and the HR Conclave.

Highlights

Fees

There are two categories of academic fees payable by students of IBI, Greater Noida: one time payments and tuition fees. There are two main categories of one time payments:

• Application forms: INR 1,100 (for the form and application processing).
• Registration fee: INR 75,000, payable at the time of admission.

The total tuition fee for PGDM students of IBI, Greater Noida, is INR 8.2 Lakh, payable over the two year period in four installments, as follows:

• INR 2.5 Lakh: Payable within 2 weeks of the registration date.
• INR 2.5 Lakh: Payable at the end of the first trimester of the first year.
• INR 1.6 Lakh: Payable at the beginning of the second year (fourth trimester overall).
• INR 1.6 Lakh: Payable at the end of the fourth trimester (first trimester of the second year).

In addition, students who choose to stay in the hostel must also budget for accommodation and mess fees. Overall, the total fee payable per year is approximately INR 5 Lakh, which is slightly lower than that in other highly ranked MBA colleges in the Delhi NCR region.

Admissions

The eligibility criteria for admission to IBI Greater Noida are as follows:

• The applicant must hold a Bachelor’s degree of minimum 3 years’ duration, awarded by a recognized University anywhere in the world.
• The undergraduate aggregate performance should be at least 50% across all years, or equivalent CGPA.
• The applicant can also apply during the final year of the UG degree, as long as he/she can furnish the final degree certificate and transcript by October 1 of the year in which admission is secured.

The application and selection process has the following steps:

• Submission of the filled up application form by the candidate. He/she must submit academic certificates, transcripts, and entrance examination (CAT, XAT, CMAT, or GMAT) scores, and pay the application fee of INR 1,100. This can be done online, via the IBI website, or offline.
• After the submission, eligible applicants must appear for a screening round, which tests their analytical and reasoning abilities.
• Next, a shortlist is released. Shortlisted candidates must travel to the IBI campus for the next two rounds.
• Shortlisted applicants go through two rounds of Personal Interview (PI) at the I Business School campus. The first is a Panel Interview, and the second is a one-on-one interview with the Dean or Director.
• After this, the overall score of each shortlisted candidate is calculated with the following weightages for different components of the application:
  • 20%: Entrance examination score / percentile.
  • 20%: Screening test score.
  • 20%: Panel interview performance.
  • 30%: Dean interview performance.
  • 5%: UG academic performance.
  • 2.5% (each): Standard 10 and 12 Board Examination performance.
• The top 180 candidates according to their overall score are invited to join IBI. They must pay the registration fee to confirm their acceptance; anyone who drops out of the process will allow candidates on the waitlist to take up their offer.

Placements

I Business Institute, Greater Noida, is well known for its impressive placement statistics, in the same tier as the best MBA colleges in India. In the most recently concluded placement season, the highest international package was INR 35 LPA, the highest domestic salary was INR 17 LPA, and the average CTC was INR 7 LPA, in line with that in other prominent Business Schools in the Delhi NCR region. IBI ensures 100% internship placements for all students, thereby laying the ground for its placement success. After the pre-placement talks, the Placement Cell conducts seven types of activities to help students prepare for campus placements:

• Preparation sessions.
• Group Discussion training.
• Soft Skill development.
• Resume building and cover letter writing.
• Mock interview sessions.
• Current affairs and general awareness prep.
• Placement talks and workshops.

Some of the main roles for which MBA graduates of IBI are hired include Business Analyst, Senior Sales Officer, Senior Territory Manager, Digital Marketing Manager, Human Resources Business Partner, Area Sales Manager, Private Equity Associate, Finance Administrator, Corporate Trainer, and Credit Analyst. These roles reflect the fact that students of all seven specializations can find relevant and lucrative  job opportunities in their field of interest. Prominent recruiters (for both summer internships and full time placements) include Dabur India, Marico, Axis Bank, Amazon, Gerson Lehrman Group, Tata Capital, and WNS Global.

Cut-Offs

The only cut-off for admission to I Business Institute Greater Noida is the undergraduate aggregate percentage. Students with an average percentage across all years lower than 50% cannot apply. However, the requirement for scholarships based on academic merit is even higher, and can vary from 60% to 80% depending on the scholarship. Similarly, there is no cut-off based on school Board Examination marks or qualifying entrance examination percentage (though a higher score is always better), but different scholarships impose minimum cut-offs on these parameters as well.

Faculty & Alumni

I Business Institute is home to 21 highly qualified Faculty members, of whom 9 are full Professors, Directors, or Deans, 2 are Associate Professors, and 10 are Assistant Professors. All members of the Faculty hold either MBA or PhD degrees, or both. Several hold certifications or degrees from premier Business Schools worldwide, and are qualified experts in industry standards like Six Sigma. The Faculty members of IBI work closely with students to ensure that the curriculum remains cutting edge and relevant, and are responsible for incorporating practical industry oriented modules to improve career opportunities. The core 21 Faculty members are strengthened by distinguished visiting faculty and guest lecturers, who all have impressive profiles: including industry leaders, government officials, and professors at India's top 10 Business Schools. Care is taken to ensure that there is a mix of academic experts and experienced corporate professionals within the teaching staff.

As a relatively young Business School, IBI maintains strong ties with all its alumni. Recent graduates of the College are employed in relatively senior corporate roles including Senior Sales Officers, Human Resources Analysts, Training Managers, Quality In Charges, Tax Associates, and Business Development Executives. Their common experience at I Business School has been that of corporate readiness and training; the internships and practical exposure have ensured that they were able to succeed and rise quickly up the ranks in their chosen career paths.

Scholarships

I Business Institute, Greater Noida, offers scholarships to needy and meritorious students in six different categories. Students are allowed to combine multiple scholarships for which they qualify, subject to a maximum amount of INR 1.5 Lakh.

Category 1: Qualifying Examination Scholarships. These are awarded based on the candidate’s performance in the MBA aptitude entrance test. There are different cut-offs for the four main entrance test scores that are accepted, as follows:

• INR 70,000: For applicants with a CAT / XAT / CMAT percentile better than 85, or a GMAT score above 750.
• INR 50,000: For applicants with a CAT / XAT / CMAT percentile between 70 and 85, or a GMAT score between 700 and 750.
• INR 30,000: For applicants with a CAT / XAT / CMAT percentile between 60 and 70, or a GMAT score between 600 and 700.

Category 2: Academic merit scholarship. This is a scholarship of INR 30,000, awarded based on consistent academic performance at three levels, including:

• An aggregate of 60% or higher during the undergraduate degree (all years combined).
• At least 70% in the Standard X Board Examination.
• At least 70% in the Standard XII Board Examination.

Category 3: Work experience scholarship. This seeks to diversify the profile of the incoming class, by attracting applicants with at least one year of professional experience. Candidates who have a CTC above INR 5 LPA will receive a tuition fee reduction of INR 50,000. Candidates with a CTC between INR 3.2 LPA and INR 5 LPA will receive a scholarship of INR 40,000. BPO experience is not considered under this category.

Category 4: Single mother scholarship. Candidates who were raised by a single mother will receive a one time scholarship of INR 50,000, subject to an academic record of at least 60% across the board (UG, Standard 10, and 10+2 Board Examinations).

Category 5: Girl child scholarship. Female candidates will be offered a scholarship of INR 1.5 Lakh, subject to an academic record of 65% at three levels (UG, Standard X, Standard XII).

Category 6: Merit scholarship. This is the only category scholarship that is not subject to the INR 1.5 Lakh cap, and is awarded to a limited number of students every year. The criteria are stringent, and require excellence at every stage: at least 2 years of work experience with a CTC of INR 4 LPA or higher, 80% at every stage of education (Standard 10, 12, and undergraduate studies), and a score of 85 percentile or better in the qualifying MBA aptitude test (CAT, XAT, or CMAT). This scholarship is worth 50% of the total tuition fee.

Preparation & FAQs

There are three main sections of the application procedure to IBI Greater Noida which need careful preparation:

• Entrance test: Students can choose any nationally recognized MBA aptitude test; they should ensure that they attend classes (online or offline) and attempt at least 5-10 mock tests before appearing for the chosen examination.
• Screening test: This tests analytical and reasoning skills; candidates should contact the IBI office for the latest syllabus and format.
• Personal interview rounds: Applicants must go through their application in detail and prepare 30-45 second answers to support each, in addition to practicing in small groups to improve their communication skills.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Delhi NCR?

I Business School is one of the best MBA colleges in Greater Noida. It is ranked #110 in the IIRF 2023 rankings of top MBA Colleges in India, in the category of Private Institutions. 

Q. Which entrance  examination scores are accepted by I Business School during the PGDM application process?

IBI Greater Noida accepts 5 different MBA aptitude scores: CAT, XAT, MAT, CMAT, and GMAT.

Q. What documents should applicants to I Business School carry on the day of their personal interview rounds?

All candidates must carry photocopies of all their documents, in addition to a printed copy of the filled application form (only for applicants who have filled up the form online).

Q. What professional certifications are available for PGDM students of I Business School, greater Noida?

IBI offers its students 12 professional certificate courses to increase their industry readiness. There are five general certifications (e.g. Digital Marketing, Professional Development), and seven domain specific ones (e.g. Human Resources Analytics, Logistics & Supply Chain Management).