The ICFAI Business School (IBS) Hyderabad will be offering scholarships to toppers of various management entrance exams. These scholarships worth Rs 4 lakhs will be awarded to 100 candidates. Moreover, the candidates receiving scholarships will be divided into four entrance exams namely CAT, NMAT by GMACTM, XAT, and GMAT. However, IBSAT scholarships have already been announced. Candidates must note that the last date to apply for these scholarships is January 31, 2022.
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To be eligible for the scholarship, IBS has laid down certain criteria. However, the criteria have again been divided into cut-off scores for application and minimum scholarship eligibility cut-off scores. The application cut-off scores for NMAT by GMACTM is 150+, 60 percentile and above for CAT, 500+ for GMAT, and 60 percentile and above for XAT.
Furthermore, there are minimum scholarship eligibility cut-off scores which are different for each management aptitude test. It is 225 for NMAT by GMACTM, 80 percentile for CAT, 640 for GMAT, and 80 percentile for XAT. To have a comprehensive understanding of the cut-offs, take a look at the table given below.
| Exam Name | Application Cut-off Scores | Scholarship Eligibility Cut-off Scores |
| NMAT by GMACTM | 150+ | 225 |
| CAT | 60 percentile and above | 80 percentile |
| GMAT | 500+ | 640 |
| XAT | 60 percentile and above | 80 percentile |
Please note that NMAT by GMACTM, CAT, and GMAT cut-off scores will be considered from 2019 onwards. On the other hand, the XAT scores will be taken into account from 2020 onwards. While filling up the form for the IBS Scholarship, candidates have to apply using their test scores.
NMAT by GMACTM – This management entrance examination concluded on December 27, 2021. As per sources, the scorecards for this test are released 48 hours after its conclusion.
CAT – The Indian Institutes of Management (IIM) have already released the results for the Common Admission Test or CAT 2021 on January 03, 2022. Moreover, the scorecards have also been released on the official website – iimcat.ac.in.
GMAT – Graduate Management Aptitude Test or GMAT is a remote proctored examination that the candidates can appear for from the comforts of their homes. It takes around 07 business days for the official scores to be published. However, in some cases, it may also take a maximum of 20 business days.
XAT – The Xavier Aptitude Test or XAT was successfully conducted on January 02, 2022 and the results were announced recently on xatonline.com. Candidates who have appeared for the test can download the scorecards using their XAT ID and date of birth.
