The Institute for Financial Management and Research (IFMR) Chennai is a leading business school in India that specializes in finance, research, and management education. Established in 1970, IFMR has evolved over the years to become a prominent institution known for its academic excellence and commitment to producing skilled professionals in the fields of finance and management.
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.
Contents
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 | MBA: CAT, XAT, CMAT, GMAT, GRE, NMAT |
| Scholarships offered | Merit-Cum-Means Scholarship, T.Thomas Scholarship For Business Leaders, Merit Scholarships, etc. |
| Official website | https://krea.edu.in/ifmrgsb/ |
IFMR Courses and fees
| Course | Fees | Eligibility |
| MBA | ₹14.56 Lakhs (Total Fees) | Graduation with 60% |
| Ph.D | ₹36,500 (1st Year Fees) | Post-Graduation with 55% |
| Certification | ₹40,000 (Total Fees) | 10+2 |
| BBA + MBA | ₹29.56 Lakhs (Total Fees) | 10+2 with 60% |
IFMR Admission
MBA Admissions 2024
IFMR GSB Sri City provides a two-year full-time MBA program with seven specializations: data science and information systems, economics and finance, accounting and quantitative finance, marketing, OB & HRM, operations management, and strategic management.
Eligibility Criteria
- Candidates must hold a Bachelor’s degree in a relevant discipline from a recognized university with a minimum of 60% overall.
- Applicants must have been born after January 1, 1996.
- Candidates must also have 60% aggregate marks in the 10th and 12th grades, as well as a valid entrance exam score.
- Work experience is not required, but those with full-time experience of up to 36 months will be given credit.
Selection Criteria
Admission is determined by CAT/ XAT/ NMAT/ GMAT/ CMAT/ GRE scores. The IFMR Chennai MBA program has an online application process. Candidates who are eligible must take the Written Ability Test (WAT) and Personal Interview. The final decision is based on the results of the entrance exam, WAT, personal interview, and educational qualifications.
Admission Process
MBA applications are now being accepted online at IFMR GBS, Krea University. Applicants can apply by following the steps outlined below:
- Go to the institution’s official website.
- Select Apply Now.
- Fill in the necessary information.
- Make sure to provide accurate and authentic information for all seven sections.
- Pay the application fee, fill out the form, and save a copy for future reference.
Documents Required:
- 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 October 2023 – February 2024 | Score of 222 |
IFMR Executive MBA Admission
Finance, Supply Chain & Operations, Industrial Relations & Human Resources are among the Executive MBA Specializations offered by IFMR GSB.
Eligibility Criteria
- Bachelor’s degree or postgraduate diploma in management from a recognized institution.
- A minimum of three years of work experience is required.
- NOC from respective sponsoring companies for interested applicants.
IFMR Selection Criteria
- Written tests administered by the IFMR GSB Faculty will be used to select applicants.
- Selected candidates would be contacted for an interview.
- The final merit list would be released based on written test scores and performance in personal interviews.
BBA + MBA Admissions
With an intake of 60 seats, IFMR GSB offers a 5-Year Integrated BBA + MBA Program. Students can choose to exit the program and earn this degree at various points throughout their course.
- After three years, you will have a BBA degree.
- After four years, you will have earned a BBA Honours degree.
- After five years, you will be awarded an Integrated MBA degree.
Admission Process
Students who have completed their Class 12th or equivalent examinations with a grade point average of 60% 2or higher are eligible to apply for the program. The following stages comprise the admissions process:
| Admission Stage | Description |
| Application Form | Candidates interested in BBA + MBA are required to fill the application form online |
| Entrance Examinations | Candidates must have a Valid Score in IPMAT / SAT / KREA Aptitude Test |
| Personal Interview (PI) | Personal Interview is conducted to assess the Candidates |
| Final Merit List | Final Merit List of Candidates is prepared based on their Entrance Exam Scores, Overall Performance in PI and Remarks (if any) from the Interview Panel |
How to Apply?
On or before May 8, 2024, IFMR GSB Integrated BBA + MBA application forms can be filled out online on the official website. Check out the steps below to fill out the program application form:
- Navigate to the official website and click the Apply Now button.
- Verify your account and fill in the necessary information.
- Pay the application fee, fill out the form, and save a copy for future reference.
Ph.D Admission 2024
IFMR GSB offers Ph.D Admissions in Data Science & Information Systems, Economics, Finance, Accounting & Quantitative Finance, Marketing, OB & HRM, Operations Management, and Strategic Management, among others.
Eligibility
- Master’s degree with a 55% average/ 5 years 55% aggregate marks on an integrated master’s or dual degree in a relevant discipline.
- Professional qualifications include CA, ICWA, and CS with at least 50% in qualifying examinations.
Selection Criteria
- The educational background, research aptitude, and publications of the applicants will be considered.
- They would be called for the RAT (Research Aptitude Test), which would be followed by an interview.
- Those with UGC-NET or JRF scores will be contacted directly for an interview.
How Apply for?
- The brochure and application form can be downloaded from the official website.
- Fill out the application with all of the necessary information.
- Please include copies of all examination, degree, and certificate mark sheets.
- Attach a short write-up (max. 1000 words) describing a researchable problem, motivation to pursue the specific area of research, research approach, and proposed methodology.
- Completed applications, along with the required fee, should be sent to: IFMR Graduate School of Business, Campus: 5655, Central Expressway, Sri City, Andhra Pradesh – 517646 – India
Cutoff
CAT Cutoff 2023
The General Category IFMR GSB, CAT Cutoff 2023 is listed below. The overall CAT cutoff is the 80th percentile.
| Courses | 2023 Cutoff By Percentile | 2022 Cutoff By Percentile | 2021 Cutoff By Percentile |
| MBA | 80 | 80 | 80 |
CMAT Cutoff 2023
The following is the IFMR GSB, CMAT Cutoff 2023 for the General Category. The overall CMAT cutoff is the 85th percentile.
| Courses | 2023 Cutoff By Percentile | 2022 Cutoff By Percentile |
| MBA | 85 | 85 |
XAT Cutoff 2023
The General Category IFMR GSB, XAT Cutoff 2023 is listed below. The 75th percentile is the overall cutoff for XAT.
| Courses | 2023 Cutoff By Percentile | 2022 Cutoff By Percentile |
| MBA | 75 | 75 |
Placements
| Particulars | Placements Statistics (2023) | Placements Statistics (2022) |
| 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 Package | INR 19.20 LPA | INR 14.50 LPA |
| Top 25% Average Package | INR 17.30 LPA | INR 13.45 LPA |
| Top 50% Average Package | 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 etc | Deloitte, Accenture, KPMG, PwC etc |
- IFMR GSB Placements 2023 had a 100% placement rate.
- 14 of the 55 recruiters who took part were first-time recruiters.
- PPOs increased in number from 18 in 2022 to 30 in 2023.
- The average IFMR GSB package increased by 22% over the previous year.
- The most expensive package increased from INR 19.64 LPA in 2022 to INR 22.90 LPA in 2023.
- The MBA class of 2021-23 had 63% male students and 37% female students.
- 63% of the students in the batch were new, and the rest had work experience ranging from 6 months to 24 months. 37% of the experienced students had prior experience in the IT/ITES sector.
Ranking
The Week
The Week ranks IFMR GSB MBA as 37th out of 179 colleges in India in 2020.
| Stream | 2020 Ranking |
| MBA | #37 out of 179 in India 2020 #1st in Andhra Pradesh |
NIRF
The NIRF ranking of IFMR GSB MBA is 60 out of 125 colleges in India in 2022, up from 53 out of 100 colleges in India in 2020.
| Stream | 2022 Ranking | 2020 Ranking | 2019 Ranking |
| MBA | #60 out of 125 in India 2022 #3rd in Andhra Pradesh | #53 out of 100 in India 2020 #1st in Andhra Pradesh | #47 out of 75 in India 2019 #1st in Andhra Pradesh |
Outlook
Outlook ranks IFMR GSB MBA as 17th out of 119 colleges in India in 2021, up from 25th out of 155 colleges in India in 2020.
| Stream | 2021 Ranking | 2020 Ranking |
| MBA | #17 out of 119 in India 2021 | #25 out of 155 in India 2020 |
Financial Express
The IFMR GSB In 2019, Financial Express ranks 47 out of 50 colleges in India..
| Stream | 2019 Ranking |
| Overall | #47 out of 50 in India 2019 |
What does IFMR Chennai stand for?
IFMR Chennai stands for the Institute for Financial Management and Research, located in Chennai, India. It is a leading business school specializing in finance, research, and management education.
When was IFMR Chennai established?
IFMR Chennai was established in the year 1970. It initially began as a non-profit organization focused on research and training in financial management.
What academic programs does IFMR Chennai offer?
IFMR Chennai offers a flagship two-year Post Graduate Diploma in Management (PGDM) program. Additionally, the institute provides specialized courses and executive education programs tailored to the needs of professionals at different career stages.
Where is the campus of IFMR Chennai located?
IFMR Chennai’s campus is situated in Sri City, Andhra Pradesh. The campus is designed to provide a conducive environment for learning, research, and overall student development.
What is the curriculum structure of the PGDM program?
The PGDM program at IFMR Chennai has a comprehensive curriculum covering various aspects of business and finance. The curriculum is regularly updated to align with industry trends, and students are exposed to a mix of theoretical knowledge and practical applications.
