Institute for Financial Management and Research (IFMR) Chennai
Institute for Financial Management and Research (IFMR) Chennai
IFMR Chennai has a rich history that traces back to its founding year of 1970. It was established as a non-profit organization by a group of leading financiers and industrialists led by the late S. V. Shanmugam, with the objective of contributing to the growth and development of the financial sector in India. The institute initially started as a research and training institution, focusing on financial management and research activities.
In the early years, IFMR played a crucial role in providing training programs to professionals in the financial industry, equipping them with the necessary skills and knowledge to navigate the complex landscape of finance. Over time, the institute recognized the increasing demand for formal education in finance and management and decided to expand its scope to include academic programs.
IFMR Chennai offers a range of academic programs, including a flagship two-year Post Graduate Diploma in Management (PGDM) program. The PGDM program is designed to provide students with a solid foundation in business and finance, preparing them for leadership roles in various industries. The curriculum is regularly updated to align with industry trends and demands, ensuring that graduates are equipped with the latest knowledge and skills.
In addition to the PGDM program, IFMR offers specialized courses and executive education programs catering to the specific needs of professionals at different stages of their careers. The institute has built a reputation for its rigorous academic standards, faculty expertise, and industry-oriented approach to education.
IFMR Chennai’s campus is situated in Sri City, Andhra Pradesh, providing a conducive environment for learning and research. The state-of-the-art infrastructure includes modern classrooms, a well-equipped library, computer labs, and recreational facilities. The campus is designed to foster a collaborative and interactive learning environment, encouraging students to engage in both academic and extracurricular activities.
IFMR has a strong focus on research, contributing significantly to the body of knowledge in finance and related fields. Faculty members are actively involved in research projects, and the institute encourages students to engage in research activities as well. The research output is often published in leading academic journals, and IFMR takes pride in its contributions to the advancement of knowledge in finance and management. To ensure that its programs remain relevant and aligned with industry needs, IFMR Chennai actively collaborates with leading corporations and industry experts. These collaborations take the form of guest lectures, industry visits, internships, and placement opportunities for students. The institute’s strong industry connections contribute to the holistic development of its students, preparing them for the challenges of the corporate world.
MBA/PGDM ADMISSION DEADLINE !! APPLY NOW
IFMR Highlights
| Particulars | IFMR Graduate School of Business Highlights |
|---|---|
| Year of establishment | 1970 |
| Institute type | Private |
| Also known as | IFMR GSB |
| Location | Sri City, Andhra Pradesh |
| Approved by | South Asian Quality Assurance System (SAQS) |
| Affiliated to | Krea University |
| Rankings (2023) | Ranked 74 for Private MBA by NIRF 2023 |
| No. of faculty members | 68 |
| Number of courses offered | 10 |
| Flagship course | MBA |
| Application mode | Online |
| Entrance exams accepted | CAT, XAT, CMAT, GMAT, GRE, NMAT |
| Scholarships offered | Merit-Cum-Means, T.Thomas Scholarship For Business Leaders, Merit Scholarships |
| Official website | https://krea.edu.in/ifmrgsb/ |
IFMR Courses and Fees
| Course | Fees | Eligibility |
|---|---|---|
| MBA | ₹14.56 Lakhs | Graduation with 60% |
| Ph.D | ₹36,500 (1st Year Fees) | Post-Graduation with 55% |
| Certification | ₹40,000 | 10+2 |
| BBA + MBA | ₹29.56 Lakhs | 10+2 with 60% |
IFMR Admission 2024
MBA Admissions: IFMR GSB Sri City offers a two-year full-time MBA program with seven specializations: data science & information systems, economics & finance, accounting & quantitative finance, marketing, OB & HRM, operations management, and strategic management.
Eligibility Criteria
- Bachelor’s degree in a relevant discipline from a recognized university with minimum 60%.
- Applicants must be born after January 1, 1996.
- 60% aggregate marks in 10th and 12th grades, with a valid entrance exam score.
- Work experience is not mandatory; full-time experience up to 36 months may be considered.
Selection Criteria
Admission is based on CAT, XAT, NMAT, GMAT, CMAT, or GRE scores. Eligible candidates must appear for Written Ability Test (WAT) and Personal Interview (PI). Final selection is based on entrance exam performance, WAT, PI, and academic record.
Admission Process
- Visit IFMR GSB official website and click Apply Now.
- Fill in the application form with accurate details.
- Pay the application fee, submit the form, and save a copy for reference.
- Upload required documents: marksheets, certificates, supporting documents.
IFMR MBA Cutoff 2023
| Entrance Exam | Cutoff |
|---|---|
| CAT 2022 & 2023 | 75 percentile |
| CMAT 2023 | Score of 220 |
| XAT 2023 & 2024 | 75 percentile |
| GMAT 2022, 2023 & 2024 | Score of 650 |
| GRE 2022, 2023 & 2024 | Score of 310 |
| NMAT Oct 2023 – Feb 2024 | Score of 222 |
IFMR Executive MBA Admission
Specializations offered include Finance, Supply Chain & Operations, and Industrial Relations & Human Resources.
MBA/PGDM Admission Deadline !! Apply Now
IFMR Eligibility Criteria
- Bachelor’s degree or postgraduate diploma in management from a recognized institution.
- Minimum of three years of work experience is required.
- NOC from respective sponsoring companies for interested applicants.
IFMR Selection Criteria
- Written tests administered by IFMR GSB Faculty will be used to select applicants.
- Selected candidates will be contacted for an interview.
- Final merit list is released based on written test scores and performance in personal interviews.
BBA + MBA Admissions
IFMR GSB offers a 5-Year Integrated BBA + MBA Program with an intake of 60 seats. Students can exit at various stages:
- After 3 years: BBA degree
- After 4 years: BBA Honours degree
- After 5 years: Integrated MBA degree
Admission Process
| Admission Stage | Description |
|---|---|
| Application Form | Candidates fill the online application form for BBA + MBA program. |
| Entrance Examinations | Valid score in IPMAT / SAT / KREA Aptitude Test required. |
| Personal Interview (PI) | PI conducted to assess candidates’ skills. |
| Final Merit List | Prepared based on entrance exam score, PI performance, and panel remarks. |
Applicants can apply online on or before May 8, 2024, through the official website.
Ph.D Admission 2024
- Eligibility: Master’s degree with 55% average or integrated master’s/dual degree with 55%. Professional qualifications like CA, ICWA, CS with 50% are also eligible.
- Selection: Educational background, research aptitude, publications, followed by RAT (Research Aptitude Test) and interview. UGC-NET/JRF candidates may be contacted directly for interview.
- Application: Download brochure and form from official website, attach mark sheets, certificates, short research write-up (max. 1000 words), and submit with the required fee to IFMR GSB, Sri City, Andhra Pradesh.
IFMR Cutoffs
| Course | 2023 Cutoff | 2022 Cutoff | 2021 Cutoff |
|---|---|---|---|
| MBA (CAT) | 80 | 80 | 80 |
| MBA (CMAT) | 85 | 85 | – |
| MBA (XAT) | 75 | 75 | – |
IFMR Placements 2023
| Particulars | 2023 Statistics | 2022 Statistics |
|---|---|---|
| Number of PPOs | 30 | 18 |
| Highest Package | INR 22.90 LPA | INR 19.64 LPA |
| Average Package | INR 13.50 LPA | INR 11.21 LPA |
| Top 10% Average | INR 19.20 LPA | INR 14.50 LPA |
| Top 25% Average | INR 17.30 LPA | INR 13.45 LPA |
| Top 50% Average | INR 15.60 LPA | INR 12.40 LPA |
| Median Package | INR 13.10 LPA | INR 11.09 LPA |
| Major Sectors | BFSI (56%), Consulting (22%) | Consulting (38.64%), BFSI (32.39%) |
| Number of Recruiters | 55 | 34 |
| Top Recruiters | Nomura, HSBC, Axis Bank, Wells Fargo, EY, Deloitte, PwC | Deloitte, Accenture, KPMG, PwC |
IFMR Rankings
- The Week: MBA ranked #37 out of 179 in India 2020 (#1st in Andhra Pradesh).
- NIRF: MBA ranked #60 out of 125 in India 2022 (#3rd in Andhra Pradesh); #53 out of 100 in 2020; #47 out of 75 in 2019.
- Outlook: MBA ranked #17 out of 119 in India 2021; #25 out of 155 in 2020.
- Financial Express: Ranked #47 out of 50 colleges in India in 2019.
FAQs – IFMR Chennai
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