Entrance Exam Information

ICFAI Business Studies Aptitude Test

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ICFAI Business Studies Aptitude Test (IBSAT)

ICFAI Business Studies Aptitude Test (IBSAT)

Venue: PAN India
Exam Date: 21st -24th December 2017.

What is the test about?

IBSAT is an online aptitude test conducted by The ICFAI Foundation For Higher Education (a deemed to be University under Section 3 of the UGC Act 1956), for candidates seeking admission to the MBA / Ph.D. programs of IBS.

Who is eligible?

Eligibility for 2 Year Management Programme

  • The candidate has to be a graduate (any discipline) with 50% and above marks (as calculated by his/her respective University) with the medium of instruction as English.
  • A minimum of 15 years of formal education (10+2+3 or 10+2+4 years basis) must have been completed by every applicant.
  • TOEFL / IELTS / NELT scores have to be submitted by May 31, 2018 by all applicants who do not meet the eligibility requirement of English medium in graduation.
  • Those in their final year of Bachelor’s Degree Course can also apply, provided their viva, assignments, practical exams etc. are all over by May 31, 2018.
  • Till mark sheets and degree certificates are produced by candidates to establish their eligibility, their admission shall remain as provisional. The last date for producing such documents is November 1, 2018.
  • Eligibility criteria shall be checked from August 2018. The onus of establishing their eligibility rests entirely on the candidates.

Eligibility for Ph.D Programme

  • The candidate must be a graduate (any discipline) with 50% and above marks with the medium of instruction as English. S/he has to be a Post Graduate in Management (full time with specialization in Finance / Human Resource Management / Marketing / Operations from an UGC approved University) with 55% and above marks or post-graduation (full-time) in Commerce, Sociology, Economics, Public Administration, Psychology, Statistics, Mathematics, or in an allied discipline from a recognized University in India or abroad with 55% and above marks or a Professional Qualification like the CFA / CA / CWA / CS with 55% marks or more.
  • A minimum of 17 years of regular, formal education (on 10+2+3+2 or 10+2+4+2 basis).
  • Candidates with Graduation / Post Graduation on one time sitting basis or part time, or distance mode or online mode are not eligible for Ph. D program of IBS Hyderabad.
  • Candidates not meeting the eligibility criteria of English medium in graduation and / or post-graduation must submit their TOEFL / NELT / IELTS scores by May 31, 2018.
  • Eligibility criteria shall be checked from August 2018. The onus of establishing their eligibility rests entirely on the candidates.

What are the test syllabus, duration and format?

  • Computer Based Test (CBT).
  • Multiple Choice Questions.
  • 2 hours duration.


  • Ability in Quantitative Techniques, 
  • Data Adequacy,
  • Data Interpretation,
  • Analytical Reasoning,
  • Reading Comprehension,
  • Vocabulary.

Key dates for application and registration

July 1, 2017 to December 12, 2017.

Who conducts the test?

The Institute of Chartered Financial Analysts of India (ICFAI).

Which colleges/institutes accept the test?

IBSAT is accepted by all the ICFAI associated institutes.


IBS Admission Office
65, Nagarjuna Hills
Hyderabad – 500082
Telangana,  India

Telephone Board: 040 – 23440963
Email: ibsat@ibsindia.org
Website: www.ibsindia.org


  • A
    A. Alagappan

    Thank you for the detailed information.

    376 Days ago Reply

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