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Institute for Financial Management and Research - IFMR, Chennai

What's New in IFMR GSB?

XAT 2023 exam deadline extended to 11 December 2022. Earlier the last date to register for the XAT 2023 was November 30, 2022.

IFMR GSB Latest Notification

Established in 1970, IFMR Graduate School of Business (also, IFMR Chennai) at Krea University is a private business school located at Sri City, in Andhra Pradesh. The Business School is accredited by SAQS. IFMR has one of the highest Faculty: Student ratio amongst private schools in India. The college offers a 2-year full time flagship MBA program and annual intake is 180 students for this program. The Business School also offers EMBA, MDP, Certificate courses and PhD. degree in Finance, Economics and Management. IFMR accepts the scores of CAT/ XAT/ CMAT/ GMAT/ GRE/ NMAT followed by application screening, Writing Ability Test (WAT) and a PI round. Check IFMR Course & Fee Structure

During IFMR GSB Placements 2022, average salary increased by 10% compared to the last year. 165 students were hired by reputed recruiters. 78 recruiters visited the campus out of which 34 recruiters were first-time recruiters. Some of the major recruiters included Deloitte, EY, KPMG, JP Morgan & Chase, Wells Fargo, PwC etc. The highest salary package stood at INR 18 LPA.   

IFMR Chennai Quick Facts

  • MBA program of IFMR Business school is fully residential & spans a duration of 2 years. The tuition fee for its full time flagship MBA programme is INR 13,86,000/-.
  • IFMR GSB is recognized as a Scientific and Industrial Research Organization (SIRO) Ministry of Science and Technology, Government of India.
  • During the 2022 placement drive, 165 students were placed & the highest salary package stood at INR 18 LPA.
  • The college consists of dedicated faculties holding PhDs from universities such as Minnesota, Ohio, Georgia and Texas A&M in the US as well as the IIMs and IITs in India. 
  • IFMR GSB has introduced a new program on Leadership Development called LEAP in partnership with WayCool Foods.

IFMR Chennai Course & Fee Structure

Courses Eligibility
MBA A minimum 60% score in class 10th, 12th, and graduation./ Candidates in the final year of the undergraduate degree can apply.
Duration: 2 years
Admission Criteria: CAT, CMAT, NMAT by GMAC, XAT, GMAT, GRE+PI
Intake: 180
Fee: INR 14,56,000/- (including 2-year boarding Charges)
Executive MBAFull-time graduate degree in any stream from a recognized institute/ university/ Relevant work experience of 2 years
Duration: 3 years
Admission Criteria: written tests by IFMR GSB faculty+PI at L&T Construction’s offices.
Intake: 45 (2019-2022)
MDPMinimum Graduation from Any Recognized University /Institution
Duration: 6 months -1 year
Admission Criteria: WAT by IFMR GSB+PI 
PhDMinimum 60% marks in undergraduate degree / Master Degree or equivalent PG Diploma in any discipline/ Full-Time Graduates/ candidates in the final year of the post-graduate degree are eligible to apply
Duration: Min 3 Years
Admission Criteria: CAT, CMAT, GATE, GMAT, GRE, NET JRF, NMAT, XAT +PI 
Data Science A bachelor's degree from a reputed institution. Having work experience in the public or private sector.
Duration: 10 months
Admission Criteria: Based on application+PI 
 

IFMR Chennai 2023 offers MBA on the basis of CAT / XAT / CMAT / GRE / GMAT/ NMAT. Interested candidates need to apply for NMAT and XAT entrance exam. Generally the admission procedure ends in the month of April. Apart from MBA, IFMR Chennai offers Ph.D and Executive MBA. All admissions are based on entrance or written tests followed by an interview. Applications are accepted online for MBA and offline for Ph.D. 

Executive MBA admissions are based on educational background, work experience and sponsorship letters.Final selection for Exec-MBA is based on written tests conducted by IFMR GBS and interview. Ph.D admissions are based on RAT or UGC-NET / JRF scores followed by an interview. There are no reserved seats or management quota seats available for admission at IFMR GBS. Check IFMR Chennai Courses & Fees

Established in 1970, IFMR GBS is an academic branch of Krea University, it is accredited by SAQS and was ranked 47th by NIRF 2019 rankings. In terms of placement, IFMR Graduate School of Business has been keeping a decent record. In 2020, the highest CTC stood at INR 13.6 LPA and the average CTC stood at INR 9.37 LPA.

IFMR Chennai Top Courses

Course Total Fees 
MBA

INR 14,56,000/-

IFMR Chennai MBA Admissions 2023

IFMR GSB Sri City Offers a 2-year full-time MBA in 7 specializations - Data Science & Information Systems, Economics, Finance, Accounting & Quantitative Finance, Marketing, OB & HRM, Operations Management, and Strategic Management. 

IFMR Chennai MBA Eligibility Criteria

  • Bachelor’s Degree in a relevant discipline from a recognised institution with 60% aggregate.
  • Applicants with a degree from Open or Distance Learning Institutions are also
  • Those born on January 1, 1993 and not after December 31, 2000 are eligible to apply.
  • Work experience is not mandatory. For working professionals the work experience must be a minimum of 3 years.

IFMR Chennai MBA Selection Criteria

The selection is based on either CAT / XAT / CMAT / GRE / GMAT scores. Along with this, a two-stage process for selection is followed:

STAGE I: Application Screening

Applicants must fulfill the following criteria to be eligible for the next round:

  • Class X scores: 60% 
  • Class XII scores: 60%
  • Graduation: 60%
  • Work Experience:
    • Working professionals Round (WPR): 1 to 3 years of experience
    • General Round (GR): 0 - 36 months of experience

STAGE II: WAT & PI Round

  • Applicants would be intimated about their selection for this round via email.

Applications for MBA at IFMR GBS, Krea University are accepted online. Applicants can follow the below given steps to apply:

  • Log on to the official website of the institution 
  • Click on Apply Now.
  • Fill in the relevant details.
  • Make sure to give correct and authentic info for all 7 sections.
  • Pay the application fee and submit the form and keep a printout for future reference.

Documents Required:

  • Marksheets 
  • Certificates
  • Supporting Documents

Merit Scholarship

Merit Scholarship:

Based on the academic performance (CGPA) at IFMR, top performers of the class will be given a merit scholarship on the following scale:

First Rank: Rs.2 Lakhs

Next 3 students: Rs. 1 lakh each

  • The above will be distributed during the convocation of the outgoing batch.
  • The award is subject to the student’s compliance with discipline, attendance and other rules and regulations of the institute.

MERIT-CUM-MEANS SCHOLARSHIP [upto 10% OF STUDENTS]

  • IFMR desires that a meritorious student shall not be denied management education for want of financial ability.

  • A few students, though eligible to pursue PGDM at IFMR, may stay away due to their inability to pay the cost due to low income of parents or inability to give collateral security towards the full educational loan amount from a bank. Students who have a family income of less than Rs.6 Lakhs per annum and with no facility to offer collateral for the education loan are likely to fall in this category.

  • It is envisaged that a student will be able to arrange for Rs 1.50  lakhs from own sources and take a collateral free loan for Rs 7.50 lakhs to pay the first and second installment fee and I year boarding/lodging costs (Rs. 3 lakhs , Rs 5 lakhs and Rs one lakh respectively). Towards paying the third installment fee and II year boarding/lodging costs (Rs. 4 lakhs  and Rs one lakh respectively), totaling Rs 5 lakhs,  in the second year, it is proposed to provide 50% support by way of a Merit cum Means scholarship at the end of the first year.

  • Among these students (who have a family income of less than Rs.6 Lakhs per year and not able to offer a collateral security for the full loan), the top 18 students in terms of CGPA at the end of first year, subject to a minimum CGPA of 3.00 at the end of first year, will be eligible for Merit cum Means Scholarship of Rs. Two lakhs and fifty thousand per person.

  • The award is subject to the student’s compliance with discipline, attendance and other rules and regulations of the institute.

  • IFMR may require the Merit cum Means Scholarship awardee to help PGDM program office, library or assist in tutorials or work in any other academic related area.  This will be limited to  200 hours of work.

HINDUSTAN UNILEVER LIMITED T. THOMAS SCHOLARSHIP

The best outgoing student of the PGDM programme will receive a Hindustan Unilever Limited (HUL) T. Thomas Scholarship award of Rs.1,00,000.

 

 

IFMR Placement Highlights:

Placements at Institute for Financial Management and Research (IFMR) have been quite successful. Various consultancies, finance and e-commerce companies recruited students from IFMR Chennai for various profiles. The highest salary package was offered by HSBC i.e. Rs. 12.5 lakh per annum. Following are some placement highlights of IFMR Chennai.

Placement Highlights

Figures

Total number of students

180

Number of students placed

119

Number of Recruiters

32

Increase in average salary

10%

Average Salary Package offered

Rs. 8 LPA

Highest Salary Package offered

Rs. 12.5 LPA

Popular companies that recruited students from IFMR Chennai were Accenture, Alstom, Andhra Bank, Axis Bank, Bank of America, Capgemini, Barclays, Deloitte, Ford, Genpact, Central Bank of India, BNP Paribas, Aditya Birla Group, J.P.Morgan, Infosys, ITC Limited, Jabong, Larsen and Toubro, etc.

There are various other companies that offered lucrative packages including IFMR Capital that offered a highest package of Rs. 11.33. Deloitte also offered a highest package of Rs. 10.57. The placements at IFMR Chennai increased up to 10 percent.

IFMR Chennai Campus

IFMR has state of the art facilities for students and faculty in a Wi-Fi campus with high bandwidth broadband connectivity.  3,00,000 sq.ft world class campus in 40 acres of land; Multi-media enabled air conditioned class rooms; Wi-Fi campus, Lab for simulated and real trading on NSE, with live feeds. HT Parekh Library with electronic journal access, apart from books and multi-media is recognized as a World Bank repository.

ATM, Launderettes, hostel rooms on twin sharing basis with attached bath & geyser, dedicated TV rooms, Mess, QSR and Indian fast food outlet; store for stationery, soft drinks, packed snacks and personal care products.

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