MBA iSET scholarship for the 2027-29 batch
ITM Business School lists the ITM Scholarship Entrance Test (iSET) on 19 December 2026 and says merit-based awards may cover up to 100% of tuition for MBA iConnect. “Up to 100%” is a maximum award statement, not a promise that every applicant who takes the test will receive a full waiver. The public page does not state the award count, score threshold, selection formula or the proportion of tuition recipients can expect. Applicants should confirm the current iSET registration and award rules with the school before relying on a scholarship to fund the programme.
The date is a test date listed on the school’s MBA page, not necessarily the last date to register, submit documents or accept an award. Ask the admissions team to confirm the registration deadline, eligibility, test format, result date and whether the scholarship requires a separate application. Keep the information attached to the 2027-29 MBA iConnect intake; do not assume an older cycle’s rules apply.
The same page says the school awards more than ₹2 crore in scholarships each year and that awards are merit-based and made round by round. ITM also says earlier rounds have a larger applicant pool and the highest chances. These are school-reported statements; the page does not give an award count, distribution, scoring method or individual probability. The annual total is not a fund reserved for the 2027-29 class, and it does not tell applicants how many students receive a full tuition waiver.
What “up to full tuition” leaves open
The current statement refers to tuition. It does not confirm that the award covers hostel, mess, deposits, travel, books, examination charges or other expenses. ITM says the 2027-29 year-wise MBA fee schedule is shared directly with applicants and notes that hostel and mess are separate. Without the written fee schedule and an award letter, a student cannot calculate the amount payable after scholarship or the full cost of attendance.
Request a written award example showing the tuition amount used to calculate the waiver, the award’s rupee value, which instalments it reduces and when the credit appears. Ask whether the award applies to one year or both, whether it is renewed automatically, and what academic or attendance conditions apply to renewal. These details are not stated in the accessible public page. Do not treat a maximum percentage as a guaranteed discount or subtract it from the old 2026-28 fee PDF to estimate the 2027-29 price.
Early Decision tuition offer: the displayed date has passed
The MBA page also displays a 15% tuition scholarship for applicants who apply by the Early Decision deadline of 24 October 2026. That deadline had passed by the source check on 5 November 2026. The page does not establish that the offer has been extended or that late applicants can claim the discount. Treat it as an expired displayed offer unless ITM gives you a current written extension that names your application round and intake.
If you applied before the date, check your application acknowledgement or offer letter for confirmation that the discount was awarded and for the tuition amount to which it applies. Ask whether it can be combined with an iSET award. The public wording does not settle whether the two benefits are cumulative, mutually exclusive or subject to a cap, so do not add them together in a personal budget without written confirmation.
Build a budget before counting a waiver
Use the current dated 2027-29 MBA fee schedule as the starting point, without a scholarship. Separate tuition from residence, meals, deposits and any optional costs. The school says a ₹25,000 seat-retention payment forms part of the first-year fee, but the public page does not set out complete refund terms. Ask the school to show how that payment interacts with an iSET award, the payment schedule and any withdrawal refund.
Prepare two estimates only after receiving the details: the amount payable without an award, and the amount under a written offer that specifies the scholarship value and conditions. Keep the fee basis consistent across both years. A headline percentage alone is not enough to compare offers because the net amount depends on the tuition base, instalment rules, renewal and charges outside tuition. Avoid using the ₹13.45 lakh historical total for MBA batch 2026-28 as the 2027-29 cost.
Questions to send admissions
Request the current iSET registration instructions for your MBA 2027-29 application, including which documents and dates apply, when results will be released, and how merit is assessed. Request the award range, number of awards if available, tuition base, renewal requirements, payment credit dates and treatment of other scholarships. Ask whether students may hold both the iSET merit award and the 15% Early Decision offer, and request a written example if both appear on your application.
If the school confirms an award, retain the dated letter with the fee schedule and read the conditions before accepting. Check whether the award can change after admission, what happens if you defer, withdraw or repeat a term, and which expenses remain payable. The public page confirms an opportunity and a maximum tuition waiver; it does not provide the rules needed to estimate an individual student’s net cost.
BBA awards are a separate question
ITM states that MBA and BBA admissions use separate processes. The sources reviewed here do not confirm whether the 2027-30 BBA intake has the same iSET date, scholarship amount, eligibility or renewal conditions as the MBA. Do not transfer the MBA’s 100% maximum or Early Decision offer to BBA. BBA applicants should request a current, programme-specific scholarship notice and a separate fee schedule for their own intake.
For the school’s current statements, read the MBA iConnect page and the Business School admissions page. Confirm your test registration, award and fee in writing with ITM before making a payment or deciding that a scholarship covers your costs.