IBSAT 2023: Application (Open), Selection Result(Out), Counseling

IBSAT 2023IBSAT 2023 Selection Process Result has been released. Result has been declared via online mode.  ICFAI Business School Aptitude Test (IBSAT) conducted every year by the Institute of Chartered Financial Analysts of India (ICFAI) University. It is conducted to test students ability in quantitate techniques, data adequacy, data interpretation, analytical reasoning, vocabulary and reading comprehension. IBSAT offers 2 year fulltime MBA program at IBS Hyderabad, IBS Dehradun, IBS Jaipur & IBS Bangalore; 4 year Ph.D program at IBS Hyderabad and 2 year full time PGPM (Post-Graduate Program in Management) at 5 IBS campuses- Ahmedabad, Pune, Kolkata, Mumbai & Gurgaon. In this article, we have provided details about the registration date, result, counselling, etc.

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IBSAT 2023 Notifications – Selection Process Result Out

newiconIBSAT 2022 Selection Process Result has been released via online mode. Check here for result details.


IBS has announced the selection process for candidates who qualified on the basis of IBSAT, CAT, NMAT, GMAT, or XAT scores at IBS Hyderabad from February 23 to March 4, 2023.

newiconIBSAT 2023 Application Form is open via online mode. Check here for application details.

IBSAT 2022 Mock Test is available for practice via online mode. Click here for mock test.

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IBSAT 2022 Test Slot Booking is open now. Check here for slot booking details.

IBSAT 2022 Exam has been held on 24th & 25th December 2022. Check other dates below.

IBSAT 2023 Overview

Exam NameICFAI Business School Aptitude Test (IBSAT)
Conducting AuthorityICFAI Foundation for Higher Education
LevelUniversity level
Exam CategoryPost Graduate
Type of QuestionsObjective Type (MCQs)
Courses AvailableMBA, PGPM

IBSAT 2023 Exam Dates

Here is the complete official exam date for IBSAT 2023:

Start of the Online registration form1st July 2022
Online Application form submit the last date21st December 2022
Admit cardAt the time of slot booking
Exam Date24th-25th December 2022
IBSAT Result30th December 2022
Selection Briefings7th to 15th January 2023
Selection Process Started23rd February till 4th March 2023 (basis of IBSAT, CAT, NMAT, GMAT, or XAT scores)
Selection Process Result10th March 2023

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IBSAT 2023 Application Form

Here are the complete details with some important instructions regarding the IBSAT 2023 Application form 2023:

  • The application form for IBSAT 2023 has been released from 1st July 2022.
  • The application form for IBSAT 2023 can be filled out and submitted through online and offline mode.
  • Candidates can fill out the online application form till 21st December 2022.
  • The details mentioned cannot be changed further, once the application form is submitted.
  • Every candidate needs to complete the submission of their application form before the specific dates as no application form can be accepted after the due date.
  • Take print out of the confirmation page along with the proof of fee payment for future reference.

Application Fee:

  • The application fee for the IBSAT exam is Rs 1800/-.
  • The payment can be done via net banking or debit/ credit card.
  • For offline payment, candidates can make the payment directly through an IBS center.

IBSAT Eligibility Criteria

Candidates need to fulfill the following eligibility criteria to apply for the IBSAT 2023 exam:

  • Qualifying Exam: Applying Candidates must have 15 year of education (10+2+3 or 10+2+4 basis) pattern to be eligible for the Management programs.
  • Percentage: He/ She must score minimum 50% or above marks in their graduations.
  • Candidates not meeting the eligibility criteria for English medium in graduation need to submit the TOEFL/ NELT/ IELTS score.
  • Appearing: Candidates in their final year of graduation are also eligible to apply.
  • Candidates with a valid score of GMAT, CAT, and NMAT by GMAC need not appear for IBSAT and can apply for direct admission.
  • Age Limit: No age limit is applicable to apply for IBSAT 2023 admission.

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Ph.D Program in Management:

  • Applying candidates must pass graduation with 50% or above marks with medium of instructions as English.
  • Post-graduation in Management with atleast 55% or above marks (Specialisation in Marketing/ Human Resource Management/ Finance/ Operation from UGC approved university).
  • Post-graduation in Economics, Commerce, Sociology, Psychology, Statistics & Mathematics, Public Administration or in Allied discipline with 55% or above marks.
  • A professional qualification like CFA/ CWA/ CA/ CS with 55% or above marks.

Ph.D Program in Economics:

  • Qualification: He/ she must pass graduation with at-least 50% or above marks & Post-graduation in Economics with at-least 55% or above marks.
  • Candidate must have completed minimum of 17 years of regular education (10+2+3+2 or 10+2+4+2 basis)
  • Candidates who does’nt meet eligibility criteria of Graduation or PG, have to submit TOEFL/ NEFT/ IELTS score by 31st May 2023.

IBSAT 2023 Exam Pattern

Check details related to the IBSAT exam pattern in the below-given section:

  • Medium: The medium of language to answer the question will be English only.
  • Duration: The duration to complete the paper will be 2 hours.
  • Mode of Examination: The Exam will be conducted through Proctored Home Based Test.
  • Type of Question: All the questions will be multiple-choice questions comprised of 5 options for every question.
  • Total Questions: There will be overall 120 questions that the candidate needs to solve.
  • Sections: There will be 5 different sections that the candidate needs to complete.
  • Marking Scheme: The candidate will be given 1 mark for every correct answer.
TopicsNo. of Questions
Verbal Ability50 questions
Quantitative Aptitude30 questions
Data Adequacy and Data Interpretation30 questions
Reading Comprehension30 questions
Total140 questions

IBSAT 2023 Syllabus

The IBSAT syllabus will cover various topics of the subject which are decided by the conducting body. There are 5 different sections in the question paper Quantitative Aptitude, Data Interpretation and Data Adequacy, Verbal Ability, and Analytical Reasoning and Reading Comprehension.

The syllabus of the IBSAT exam is given below:

  • Quantitative Aptitude: Arithmetic Progression, Profit and Loss, Installment Payment, Venn Diagram, Algebra, Coordinate Geometry
  • Data Adequacy and Data Interpretation: Linear Arrangement, Causes, and Effects, Data Interpretation based on Graphs and Tables, Visual Reasoning
  • Verbal Ability: Uses of the same word, word substitution, Fill in the blanks, Syllogism, Odd man out, Jumbled Paragraphs

IBSAT 2023 Preparation Tips

Check here some effective IBSAT 2023 Preparation Tips:

  • Prepare a timetable and divide time equally for all subjects.
  • Check out the officially prescribed syllabus for the examination.
  • Take help from the best book and study materials available.
  • Practice the previous year’s question paper and sample paper.
  • Include every single topic of the syllabus in your preparation.
  • Don’t take the stress and take care of your health.

Frequently Asked Questions (FAQs)

Answer: ICFAI university will conduct the IBSAT 2023 exam.
Answer: The Application Form has been started from 1st July 2022.
Answer: There are candidates who are exempted from taking IBSAT. They are directly called for IBSAT Group Discussion and Personal Interview. In order to avail of this facility, candidates must have a valid score in any of the following exams: CAT, GMAT, and NMAT by GMAC.
Answer: The Application Form submission procedure has been regulated till 21st December 2022.
Answer: Yes, 1 mark will be deducted on every wrong answer.
Answer: The exam for IBSAT 2023 will be held online.
Answer: The duration of the exam is 2 hour to the candidates for solving the question paper.

IBSAT 2023 Admit Card

The IBSAT admit card is released at the time of slot booking. Slot booking can be downloaded via online mode from 3rd November 2022. To download the admit card, candidates are required a login ID and password.

The candidates need to carry the admit card with them while appearing for the examination. The admit card contain all the essential details like candidate name, roll no, venue of the exam, date, and time.

IBSAT 2023 Result

The IBSAT Result has been declared on 30th December 2022. The result has been provided through online mode. The candidates have to enter their roll number and date of birth and the result appear on the screen.

There is a combined merit list with a category-wise merit list for all the candidates participating in the examination. After the result, candidates gets shortlisted for further admission process Group Discussion (GD) and Personal Interview (PI) rounds.

IBSAT Cut off 2023

IBSAT 2023 cut-off will be released after the declaration of the result. Candidates meeting the IBSAT cut-off will be shortlisted for the GD-PI based on which final admission will be granted to the candidates.

The cut-off will be released for admission in 8 IBSAT campuses, Hyderabad, Mumbai, Gurugram, Bangalore, Dehradun, Jaipur, Ahmedabad, and Kolkata.

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IBS 2022 Campus Fee Structure

Check fee structure for each campus here:

CampusFee (2 year)
IBS Hyderabad 16,02,000/-
IBS Bangalore (Off Campus of IFHE)12,06,000/-
IBS Ahmedabad

IBS Gurgaon

IBS Mumbai

IBS Kolkata

IBS Pune

IBS Dehradun

IBS Jaipur


IBSAT 2023 Selection Process

The selection process for IBSAT 2023 is for candidates who qualifies on the basis of IBSAT/ GMAT/ XAT/ CAT/ NMAT by GMAC. During the admission, process candidates have to face group discussions and personal interviews (GD & PI). It is held from 23rd February 2023 at IBS Hyderabad.

At the time of final selection for admission, the related authority will consider candidates’ past academic records, and performance in PI and GD. Final selection will be done on the basis of past academic records, & performance of candidates in GD, PI.

IBSAT 2023 Counselling

The IBSAT 2023 Counselling procedure is conducted for every exam-qualified candidate through online mode.

The shortlisted candidates undergoes a group discussion and personal interview session. Those who clear these rounds will be asked to fill in their preference of course and colleges. The seats will be filled based on their IBSAT score, GD-PI performance, and the availability of seats. Selected candidates are called to the campus for further admission procedures.

Documents are needed at the time of Verification:

  • 10th and 12th mark sheet and certificate
  • Transfer certificate
  • Migration certificate
  • IBSAT 2023 Admit card
  • IBSAT 2023 Scorecard
  • CMAT/ NMAT/ GMAC/ CAT scorecard
  • Character certificate
  • Passport size photographs

For any other queries about IBSAT 2023, you can ask us by leaving your queries below in the comment box.

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