Institute of Business Administration

Home | IBA Email | Pay Online | Contact Us

Institute of Business Administration - Karachi


IBA Financial Assistance & Scholarship Schemes



IBA1. The IBA offers financial assistance to deserving students in the form of Financial Assistances and loans. No applicant who qualifies the admission test and fulfils other requirements is refused admission because of inability to afford the costs of the programs at the Institute. IBA has a dedicated Financial Aid Office and Financial Assistance Committee who administer all students financial need related affairs throughout the year. A Financial Assistance committee scrutinizes applications of students seeking financial aid and sanctions assistance for those who demonstrate need. IBA Financial Assistance strategy and procedure to award Financial Assistance to needy students is given here under:



2. The Institute is committed in:
- Providing quality education to all the students (other than evening / part time programs) admitted to  the IBA and
- Ensuring that no deserving student is denied admissions because of financial difficulty/constraints.



3. Financial aid shall be offered to eligible applicants who have been assessed to be needy. This is in the form of a “Financial Aid Package” which is designed based on the recognition that an education in the Institute is a partnership involving the student, his/her family and the Institute. The packages include ‘Merit Scholarships’ which become part of entitlement for those students who obtain merit position during their aptitude test and their names are among top 10% of the applicants in the result of the aptitude test.


How to apply for Financial Assistance

- Those students who need financial assistance will have to pay the Admission fee and one time charges before they apply for any financial assistance.
- Students may apply for financial assistance on the prescribed form posted on the website and send their applications to the ‘IBA Financial Aid Office’ during the stipulated application period.


Financial Aid Packages

4. The Financial Aid Packages include the following:

a. Instalment Plan

- In principle, tuition fee for each semester is payable in full; those students’, who are not able to pay the due fee in full, may apply to Director Finance for instalment method of payment.

There are two main types of equal instalment plans:
• Plan (A) Three instalments
• Plan (B) Five Instalments


- The student can apply for any of the two plans. These instalments must be paid within the same semester period.
- The Director Finance shall approve the application after ensuring the need of the student.
- Whatever plan is opted by the student, he or she is preferred to make payment of instalments by giving post-dated cheques for the agreed dates.

b. Deferment of Fees

- In case student did not pay his/her total fee within a particular semester then the Director Finance shall send a request letter to the student to pay the outstanding amount due.
- The Director Finance may call the student and if circumstances suggest his/her parents may also be called to evaluate the financial position of the student to reach to the amicable solution for the recovery of fees. The student shall also be directed to avail other options available in “Financial Aid Package”, which are discussed later in this document.
- If there is no other option available and the circumstances necessitate, the Director Finance may defer the payment of fee to a certain date.
- In all cases when fee is overdue for payment of any semester, Director Finance shall always write to student and ask for payment of dues.
- If student is unable to pay in full then as a first step the Finance Department shall compel the student to make payment through postdated cheques.
- The post-dated cheque should be cleared within the same semester period, so that the student's amount is cleared before the admission to the next semester.
- If any of the postdated cheques is dishonored and student is unable to pay against those dishonored cheques than Director Finance may call the student / parents of the student for settlement of dues before the start of the next semester.

c. Need based Financial Assistance / Scholarships

- There are numbers of scholarships available which are awarded to needy students only and are based on the assessed need level.
- No applicant who qualifies the admission test and fulfills other requirements shall be refused admission because of inability to afford the cost of the program at the Institute.
- The Scholarship Committee scrutinizes the application along with supporting documents submitted by the students seeking financial aid and scores their need level against laid down criteria; compares it to the need level of other applicants to assesses the level of assistance that can be made available on the basis of available funds.

d. Merit Scholarships
- Merit scholarship are extended to candidates who have scored high enough for their names to fall in the top 10% of the list of candidates appearing in aptitude test and thereafter qualifying to be admitted to the BBA & MBA Morning Programs. The list of these candidates is published at the culmination of the admission process i.e. qualifying aptitude test, group discussion, and interview and providing proof of having met the minimum academic eligibility standards for the concerned program. These candidates will be automatically awarded a 50% reduction in their tuition fees.
- It will, however be obligatory/ incumbent on such candidates to maintain a CGPA of 3.5 on completion of every two semesters each year. Inability to maintain the said CGPA will render the concerned merit scholarship holder ineligible for continuing of the merit scholarship in the remaining semesters.
- In the event of a student losing his standing for merit scholarship, and regaining the required CGPA in any subsequent semester; the student will again become eligible for merit scholarship in the next semester but will not be entitled to claim the same for the preceding semester. o The number of scholarship slots released as a result of this discontinuation (as mentioned above) will be made available to the toppers (maintaining highest CGPA) in the Dean’s Honor List for that particular academic year. The new merit scholars are also required to maintain minimum CGPA of 3.5 at each completed year for continuation of Merit Scholarship, i.e. other rules for continuation / discontinuation of merit scholarship, as mentioned in above, will also apply to these new scholars.

e. Study loans
- IBA also facilitates its students in securing loans to meet their tuition fee. These may be interest free loans (Qarz-e-Hasna) to facilitate students during the course of their study. Applications for such loans will be invited from amongst candidates who have already applied for ‘need based scholarship’ but could not meet the criteria for the same.

f. Work-study Appointment Scheme
- The scheme enables needy students to supplement their finances through part time work on-campus and helps students minimize their debts servicing burden upon graduation. The HR Dept promulgates each semester along the positions available for students to take up on-campus part time jobs / internships. The remuneration of such jobs is calculated on hourly basis.
- IBA strongly believes that such on-campus jobs and internships are an important tool in recruiting, developing talent in meeting the needs of today while preparing the workforce for the future.
- The three different programs available for IBA students seeking to gain work experience on campus include:

Paid Student Interns (Summer interns as well as for other times during the year)
Part-time student employees
Teaching assistants/ Research assistants
- Details of these work programs are available in the SOP’s listed under “ Rules for Student recruitment – internship, part-time employment and teaching/ research assistants” available with the Career Development Centre.


Study expenses Financed by Corporations

5. Students at IBA, like any other top University of the world, have a well-known accreditation and acceptability in the corporate market. Some of the companies are financing students study programs by providing required financial assistance to the students; as part of their vision to invest in the future human resource capital. A bond is signed between student (one who seeks financial assistance) and company (financer), according to which student will have to serve the company as an employee; as soon as he/she completes his degree program from IBA. Company sees it as an investment in the future human resource capital. Details of such opportunities are available with the IBA Career Development Centre.

Financial Assistance Committee

6. The Financial Assistance Committee is composed of the following individuals:

  • Registrar of IBA Chairman Financial Assistance Committee

  • Two full time faculty members Members of Financial Assistance Committee

  • Representative of Alumni Resource & Mobilization Member of the Committee

  • Representative of Finance Department Also a member of the Committee

Terms of Reference Financial Assistance Committee

7. The Terms of Reference of the Financial Assistance Committee are as under:

  • Assess eligibility and need level of students for Financial Assistance.

  • Review and evaluate the Financial Assistance applications with comprehensive statistical analysis of the concerned student’s academic background and family details.

  • Match financial condition and requirements of the student in the light of the accomplishment of his / her academic goals.

  • Annually review the financial status of Financial Assistance recipients viz-a-viz the available funds.

  • Provide an environment that allows students to concentrate on their studies without any financial concern and enable them to maintain a better CGPA.

  • Provide guidance to the financial aid office.

Details of procedure followed in the Financial Aid Office

8. Requests for Financial Assistances are annually invited in the months of June, July & August. Desirous candidates initially apply to the Dean & Director IBA, the requests are forwarded to the Chairman of the Financial Assistance Committee who, after initial scrutiny; invites the concerned students to submit their applications on the prescribed form. These forms are reviewed by the members of the Financial Assistance Committee, which meets fortnightly during the months of June, July & August. Upon receipt of the Financial Assistance application forms, the Financial Assistance Committee proceeds as under:

  • Scrutiny of the forms along with their supporting documents.

  • Preparation of comparison charts for respective applicants to identify relationship between the total annual income of applicants’ family, total expenditures and nature of such expenditures.

  • Allocation of points to individual candidates on the basis of the eligibility criteria determined after taking into account the following factors:

  • Expenses on education of other siblings.

  • Evaluation of applicant assets and financial resources.

  • Living status of the father i.e. alive or deceased.

  • Parental support

  • Accommodation (ownership, location, size, type)

  • Conveyance

  • Financial standing other than income

  • Academic standing and potential of the student

IBA Scholarship Application Form

Back to top