ICFAI Business School, ICFAI University, Jaipur

Overview

ICFAI Business School - IBS, ICFAI University, Jaipur is a highly ranked Business School in Rajasthan. It provides career focused courses at both undergraduate and postgraduate levels, including MBA, BBA (with three different specializations), and BCom Honors. Its curriculum emphasizes practical training, and it is part of the network of IBS campuses across India, with 8 other locations, allowing it to leverage a powerful brand name and extensive alumni network.

IBS Jaipur has an impressive placement record, with students receiving both national and international offers. The highest CTC offered in the most recent placement season was INR 23.31 LPA, and the average was also high (INR 8.53 LPA). 51 companies participated in the MBA recruiting process, including world renowned banking organizations (ICICI, HDFC, Axis Bank), major FMCG players (Mars Wrigley India, Reliance Brands), and Financial Organizations (HDFC Life, S&P Global). Students have to complete an unusually long summer internship program, lasting up to 3.5 months, to ensure that they are well prepared for the final placement interviews.

ICFAI University, Jaipur, is home to four main Schools: in addition to IBS, Engineering, Liberal Arts, and Law Schools also share the same 40 acre campus. Therefore, student life is extremely vibrant, with cultural, sports, and management activities organized through the year. There are also several co-curricular events organized specifically by students of IBS Jaipur, including business plan competitions and guest lectures. The Student Activities Coordinator manages all the clubs and committees on campus, ensuring all round personality development.

Highlights

Fees

The total tuition fee for MBA students of ICFAI University, Jaipur, is INR 6.03 Lakh; this is for the entire two year program. In addition, students must also pay a one time security deposit of INR 10,000 at the time of admission. This will be returned when they graduate on the condition that their behavior is good and no damage is caused to Institute property. This amount also includes academic registration and examination fees. The BBA program fee ranges from INR 1.8 Lakh to INR 2.8 Lakh, depending on whether the student is domiciled in Rajasthan or not. The corresponding BCom program fee ranges from INR 75,000 to INR 1.2 Lakh.

Living expenses are chargeable separately, including hostel rent and mess fees. Students who choose to commute to the IBS Jaipur campus daily must budget for transportation costs.

Admissions

The eligibility criteria for admission to ICFAI Business School, Jaipur, are as follows:

• MBA:
  • The student should hold an undergraduate degree in any discipline with a minimum three years’ duration; the medium of instruction of the Bachelor’s degree must be English.
  • The aggregate performance during all years of the UG degree must exceed 50%.
  • Students in the final year of a Bachelor’s degree may also apply, provided that they submit all their transcripts before joining the MBA program.
• BBA:
  • The candidate must have a Standard XII Examination pass certificate from any recognized Board of Higher Secondary Education.
  • The aggregate in the four best subjects in the Board Examination must be at least 50%.

The steps in the application and admission process are similar for both MBA and BBA students of ICFAI University, Jaipur:

• Applying online or offline, via the ICFAI University application portal.
• Filling up the application form carefully, ensuring that all details are accurate.
• Attaching copies of academic, domicile and extracurricular documents. The original certificates must be presented for verification at the time of admission.
• The shortlist is prepared based on academic achievements, extracurricular participation, and sports distinction.
• All shortlisted candidates must report to the IBS Jaipur campus for the final selection round (Personal Interview).
• Students who receive an offer of admission must confirm their acceptance by paying the first installment of the academic fee, after which they can begin attending classes.

Placements

As one of the top MBA colleges in India, the placement highlights  of ICFAI Business School, Jaipur, are as follows: 

• 100% placement for all PG students in both 2022 and 2023.
• The highest CTC (international placement) was INR 23.31 LPA in the 2023 placement season. The highest national salary offered was INR 9 LPA.
• The average CTC offered in 2023 was INR 8.53 LPA, up by 25% from the average CTC In 2022 (INR 6.84 LPA).
• The average package offered to the top 10% of students was INR 16.13 LPA. The top 25% had an average CTC of INR 12.06 LPA.
• 51 recruiters participated in the 2023 placement season, up marginally from the total number in 2022 (49).
• Some of the most prominent recruiting companies include EY India, Tata Consultancy Services, ICICI Bank, HDFC Life, Berger Paints, Axis Bank, Mars Wrigley India, S&P Global, Wheaton Advisors, Khimji Ramdas, Asian Paints, GR Infraprojects, and Reliance Brands.
• All students must complete a summer internship. For MBA students, the duration is between 12 and 14 months, and takes place between February and May each year.
• The Placement Cell organizes training activities through the year and facilitates the placement process by inviting companies to conduct pre-placement talks and float hiring Job Descriptions.
• It also organizes the Corporate Talk Series, through which senior Banking professionals and HR leaders of blue chip companies interact with students on campus.

Cut-Offs

The cut-offs for the two main stages of the admission procedure to the MBA program at ICFAI Business School, Jaipur, are as follows:

• Undergraduate academic performance: At least 50% is needed as aggregate across all UG semesters. For BBA applicants, the Standard XII aggregate must exceed 50%.
• Final selection: Each candidate is given a score based on academic record and interview performance. This score is used to prepare the merit list, and the cut-off is not made public.

Faculty & Alumni

ICFAI Business School, Jaipur, is home to 21 full time Faculty members, including 4 Associate Professors, 15 Assistant Professors, and 2 Soft Skills Trainers. The Training and Placement Cell works closely with the Faculty members to ensure that students are industry ready, and that they have the practical skills required to succeed in both summer internships and final placements. All Professors of IBS Jaipur are highly qualified, with up to 2 decades of academic experience, doctoral degrees, and multiple professional certifications.

Alumni of IBS Jaipur convene every year in the city through Homecoming, the annual alumni meet. Alumni activities of ICFAI Business School Jaipur are coordinated by the umbrella IBS Alumni Federation (IBSAF), which connects all 50,000+ alumni of the Business School across all campuses (Mumbai, Hyderabad, Dehradun, etc.). Through IBSAF, alumni can access job opportunities, participate in donation drives for current students, and remain connected to happenings on campus through regular news updates.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of ICFAI Business School, Jaipur. The three main scholarship programs are:

1. Merit Scholarships based on Past Academic Record: This is awarded to students based on their performance in the qualifying examination. It is awarded throughout the chosen course of study, but the continued award is based on maintenance of a GPA above 6.0. The indicative scholarship amounts for BBA students of IBS Jaipur are:

• Standard XII Board Examination aggregate greater than 90%: INR 36,000 (paid in 6 installments).
• Aggregate between 80% and 90%: INR 27,000.
• Aggregate between 70% and 80%: INR 18,000.

2. Merit Scholarships based on Semester Performance (after joining): Students who maintain consistently excellent semester GPAs during the course of study at IBS Jaipur are awarded scholarships in three categories:

• Category I: CGPA greater than 9.0: INR 9,000 per semester.
• Category II: CGPA between 8.5 and 9.0: INR 6,600 per semester.
• Category III: CGPA between 8.0 and 8.5: INR 4,500 per semester.

Up to 10% of the students of each batch may be awarded these scholarships.

3. Early Bird Scholarships: These are awarded based on early registrations and applications to MBA and BBA programs; the amount and number of scholarships is decided by ICFAI University.

Students may also apply to external agencies for financial aid, unless their award of any of the scholarships above precludes applying for other funding options.

Preparation & FAQs

The Personal Interview on the ICFAI Jaipur campus tests the students’ attitude and motivation. Applicants must be prepared to talk coherently about their academic and professional experience. In addition to preparing short introductory speeches about each section of their CVs, candidates should also improve their communication skills in English through coaching classes or group sessions with friends.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Jaipur?

ICFAI Business School, Jaipur, is one of the best MBA colleges in India, and is a contender for best Business School in Jaipur. It is ranked #48 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. Which are the three BBA programs offered by ICFAI University, Jaipur?

IBS Jaipur offers three different BBA programs: General Management, FinTech, and Business Analytics.

Q. Which specializations are available to MBA students of IBS Jaipur?

MBA students of IBS Jaipur can choose elective courses from four major streams: Marketing Management, IT & System Operations, Finance, and Human Resources.

Q. Does IBS Jaipur provide hostel facilities to its MBA, BBA, and BCom students?

All students of ICFAI University, Jaipur, have access to hostel facilities. Both male and female students can choose from among AC and non-AC rooms, with single or double occupancy, based on their desired budget. Mess facilities are also provided on campus.

Q. What is the importance of the summer internship (SIP) program at IBS Jaipur?

The MBA summer internship program at IBS Jaipur lasts 14 weeks, and has the same weightage as six courses, ensuring that it is given the same importance as a full semester of courses. Prominent summer internship recruiters include Eureka Forbes, SBI Mutual Funds, and Hitachi Air Conditioning.