The IBA initially offered MBA program only for day scholars. In 1957, an Evening Program was launched to cater to the needs of the numerous working executives and managers, who were interested in furthering their careers through part-time business studies. The outstanding aspect of graduate programs is the study in a specialized field, as obtaining a Master's degree involves acquiring complex analytical and critical skills in a particular field. Additionally, producing original work, including the writing and defense of a thesis or dissertation, is a major constituent of graduate studies. The MS degree is an untagged degree, as the name of the major is excluded from the degree title, whereas MBA is a tagged degree. Over the years, the MBA program has evolved significantly, aided by the revamped curriculum. Commencing 2011, it has been made mandatory that undergraduates have 2 years of work experience before embarking on MBA study programs. The MBA Executive Program was launched in 2009 for the in service professionals who cannot attend week-days program. This program attracts senior level executives both from private and public sectors.
The introduction of MS (Computer Science) and MS (Economics), in the years 2008 and 2010, respectively, further diversified the streams of the graduate programs and enabled graduate students to work outside his/her specific field of study at graduate level. The MS programs, on the other hand, enable prospective applicants to enhance their long-term performance in the dynamic fields of science and economics. Aspirants of the graduate programs can expect a thoroughly transformational experience, which will leave a lasting impact on their careers and professional intellect.