Question 1

Can I apply if I have a gap year for an MBA at IFMR Chennai?

Accepted Answer

Yes, applicants are eligible to apply with a gap year only if they can justify their reason for the break. Also, they must quote their activities during the gap year(s) in the application itself.

Question 2

When will the applications be available for 2023admissions at IFMR Chennai?

Accepted Answer

The application portal has started acceptingapplications from applicants.The applicants are required to make a non-refundable fee payment of INR 1,500 per application.

Question 3

Is everyone eligible to apply for a scholarship at IFMR Chennai?

Accepted Answer

There are two types of scholarships offered: Merit-based and Need-based. There are different criteria for selection and applicants must fulfill all requirements in order to avail one.

Question 4

Are placements offered at IFMR Chennai?

Accepted Answer

During IFM Chennai Placements 2023,55 recruiters visited the campus. The highest salary package stood at INR 22.90LPA. Reputed recruiters like Deloitte, PwC, EY, Wells Fargo, Cognizant etc visited the campus.

Question 5

Can students apply for internships other than what is offered on IFMR Chennai?

Accepted Answer

No, applicants must apply for internships through the on-campus recruitment process only. These are partnering companies that offer 100% internships as per the recent data 2023 batch.

Question 6

What is the student-to-faculty ratio at IFMR Chennai?

Accepted Answer

The student-to-faculty ratio at IFMR GSB is 12:1.

Question 7

How does IFMR Chennai provide loan assistance to students?

Accepted Answer

The institute provides loan assistance to the students with the help of WeMakeScholars, supported by the Govt of India. They are associated with 10+ public/banks and NBFCs in India and provide assistance to find the best education loan matching your profile. This application process is a free-of-charge initiative under the Digital Indian campaign which has benefited more than 10,000 students.Loan amount- from INR2 lacs up to INR2 Crores funding 100% of the total expenses (course fee and living expenses)Rate of interest from 6.75%Repayment tenure- up to 15 yearsMoratorium Period  course Period + six monthsNo prepayment closure charges100% tax benefit for interest paid under Sec (80E)

Question 8

How large is the IFMR Chennai campus?

Accepted Answer

IFMR GSB is spread over40 acres in Sri City, 70 km from Chennai.IFMR GSB Sri City campus is an academic Centre of Excellence in the midst of global organizations setting up world-class manufacturing plants in Sri City to cater to the Indian and export markets. These include Alstom, Kobelco, Danielli, Colgate, Cadburys, Pepsico, Kelloggs, Isuzu Motors, and a large number of Japanese, American, and European corporations.

Question 9

What facilities does IFMR Chennai provide within the campus?

Accepted Answer

The 3,00,000 sq. ft world-class campus in 40 acres of land has air-conditioned classrooms, a wi-fi campus, ATM, along a health center. The other facilities include air-conditioned hostel rooms, laundromat, convenience store, fitness studio, student lounge, student hub with indoor games, snack vending machine, unisex salon, basketball court, cricket nets. Coffee shop, 4 bedded Medical center operated by Kauvery Hospitals with a Doctor and nurse available 247, Pharmacy, First Aid Boxes on all floors and campus BLS Ambulance, 12,000 sq ft futsal with night playing facilities and 1,10,000 sq ft open-air Amphitheatre.

Question 10

How to reach IFMR Chennai?

Accepted Answer

To reach the Sri City campus:By DrivingFrom Chennai International Airport:The Institute is at a driving distance of 85 km  about 1 hour 45 mins from Chennai International Airport.From Tirupathi International Airport:The Institute is at a driving distance of 75 km  about 1 hour 30 mins from Tirupathi International Airport.From Chennai Central Railway Station:The Institute is at a driving distance of 70 km  about 1 hour 30 mins from Chennai Central Railway Station.From Sullurpeta Railway Station:The Institute is at a driving distance of 22 km  about 20 mins from Sullurpeta Railway Station.From Tada Railway Station:The Institute is at a driving distance of 9 km  about 10 mins from Tada Railway Station.By BusFrom Madhavaram Mofussil Bus Terminus (MMBT -Chennai Mofussil Bus Terminus): The Institute is at a distance of 56 km. We have plenty of buses to Tada from Madhavaram Bus Station. Buses going to Kalahasthi, Naidupet, Nellore have a stopover at Tada.By TrainTada: From Chennai Central the closest Railway Station to Sri City is Tada. There are local trains running from Chennai Central to Tada Railway Station. Travel time by Chennai Local Train to Tada is 2 hours.

Question 11

Is IFMR, CHENNAI worth the fees of 14 lakh for MBA for a b.com fresher who is going to finance it through education loan?

Accepted Answer

Yes, you should definitely consider going here and it will be worth the loans and finances you invest into this college. One of my friends has taken admission in IFMR through an education loan. He says the institute is totally worth it. The amount you invest in your education will not only depend on the return on investment but also on growth opportunities. At IFMR, you will see a mix of extensive and rigorous study but great packages and good opportunities. Once you enter the college, you will realize why the fees demanded from students are so high. From my knowledge, the place is a nonprofit organization. This means, you will get what you pay. It has great hostels, faculty, and a mess with all-around growth even if you are a lazy student. Both placements and the packages offered here are very good. It has a 100% placement record since the college began 40+ years ago. In the 2020 placement drive, the highest CTC offered was INR 13.6 LPA with an average CTC of INR 9.37 LPA. Some of the top recruiters include JP Morgan and Chase, Deloitte, Cognizant, and HDFC Bank. Now since you are specifically talking about a loan, let me assure you that you can come to IFMR without any hesitation. This college has excellent placements and growth opportunities in market-leading MNCs and you will definitely be able to cover your education loan. In the long run, you will able to make money hands over fists. Your return on investment will be good. From what you can see above, the packages offered at IFMR match industry standards as well. Therefore, you clearly don&rsquo;t have to worry. It is value for money and you can take an education loan without worries.

Question 12

What is the best option among: TAPMI, IFMR, Great Lakes Gurgaon 1 year PGPM?

Accepted Answer

Remember that the quality of education should be consistent across all institutions. Keep in mind that the MBA program emphasizes teamwork and a unique approach to learning that may differ from traditional education. Consider the financial aspect of pursuing an MBA, as the return on investment (ROI) is crucial. If you plan to take out a loan to finance your education, keep in mind that a significant portion of your salary may go toward paying off your debt. Additionally, the average salary package may include variable pay, meaning you may receive less money than expected. Think about the turnaround time for completing your degree. Some institutions, such as GLIM, offer a one-year PGPM course, which means you can start earning and paying bills sooner than those who opt for a longer program. This can also give you a head start in terms of gaining work experience and building your bank balance. Consider the brand value of the institution you choose to attend. While brand value is important, particularly when seeking employment, it may not hold as much weight in the long term. Ultimately, your achievements and experience will be more important than where you earned your degree. In the end, it's up to you to determine the best approach for your career. Keep in mind that the right balance of ROI, turnaround time, and brand value will depend on your personal circumstances. For example, if you have the financial means, ROI may not be a priority, while if you're just starting out, turnaround time may be more important than brand value.

Question 13

Is IFMR Chennai worth it?

Accepted Answer

One of my friends studied at IFMR Global Business School. They have a campus in a Special Economic Zone thats situated 70 kilometers north of Chennai. The MBA program lasts for two years and consists of six semesters. In addition, a 2-month internship is required in between the 3rd and 4th semesters. The facilities offered are a Well stocked library, well-established mentoring scheme, Trading floor, opportunities to learn and earn via live projects, and research collaborations with MIT and Harvard. The faculty at IFMR GSB are among the most educated in the country. Most of them are having Ph.D. from top universities. The following table shows the placement statistics of the institute: Categories IFMR Chennai Course Fee 13.86 lakh Highest CTC 14 LPA Average CTC 9 LPA Recruiting Companies Federal Bank, Deloitte, EY, JP Morgan, etc. They have a diverse culture. It is worth it to join IFMR Chennai. You wont regret your decision if you join IFMR Chennai. If you like the idea of networking with people in the financial industry, then its a good idea to join IFMR Chennai.

Question 14

Which one should I choose for PGDM between GLIM, GIM, FORE, LIBA, NIBM, IFMR and IIFM, Bhopal? And why? I already have calls from GLIM, GIM, FORE and accepting calls from others also.

Accepted Answer

GLIM, GIM, FORE, and LIBA offer general MBAs. So, you can your preferred specialization during your second year. This will give you a lot of freedom in terms of choosing your industry and job profile. All of these are good options. FORE has a great industry interface. Located in Delhi/NCR, it also enjoys a locational advantage. Your preference order for these four B-School should be - FORE=GIM>GLIM>LIBA. NIBM is a sectoral B-School, so choose it only if you are interested in joining the banking sector. Though IIFM isn&rsquo;t a sectoral B-School, it is only known for its finance specialization. It is also rated below FORE, GIM, GLIM, and LIBA.

Question 15

Which one is a better B-school? IFMR Chennai or IMT Hyderabad?

Accepted Answer

Out of these two, IFMR Chennai is better. It is especially good for Finance specialization. BFSI, IT, and Consulting are the major sectors recruiting through the campus drive. During IFMR Chennai placement 2022, students received the highest CTC of INR 18 LPA. Deloitte, KPMG, PwC are some of the top recruiters for the institute.

Question 16

Which one is better, IFMR OR NIBM?

Accepted Answer

National Institute of Bank Management (NIBM) is among Indias reputed business schools ranking 88th in the Top B Schools of India list. On the other hand, the Institute for Financial Management and Research (IFMR) is also one of the leading business schools which has been ranked 23 in the Top Management Colleges of South Zone and 53rd under Management Category by NIRF. The table given below shows a brief overview of both institutions: Particulars NIBM IFMR Ranking 88th 47 Fees 1.2 Lakhs 16.77 Lakhs Highest Package 18.8 LPA 13.6 LPA Average Package 8.70 LPA 10.8LPA. Placement Rate 100% 99% Admission Procedure: NIBM: Candidates are selected based on CAT, XAT(80%), CMAT(95%) scores, followed by writing tests and interviews. The seat intake is around 120 seats The course fee for PGDM is 3.75LPA + 29K (Hostel Charges per annum). IFMR: Candidates should be from the full degree course and must have 60% marks aggregate in their 10+2 and Undergraduate. Work Experience is not mandatory. Candidates are shortlisted based on scores of CAT, XAT, CMAT, GRE, GMAT. The basic fee for MBA in IFMR is in total 17Lakhs, including all living expenses. Infrastructure : NIBM: The campus is centrally air-conditioned and speeds wi-fi service. Cultural festivals are conducted every year. Poses Auditorium, IT equipped laboratories and digital library. Girls Residentials are fully furnished with strong security 24X 7. IFMR: IFMR has lush green, environment-friendly, and Wi-Fi enabled campus. It also has digitized AC classrooms. The hostels are fully furnished with an attached bathroom and geyser. Convenient Access to the library, hospitals, stores, etc. Placements: NIBM: NIBM assures 100% placement. The highest package calculated is around INR 18.8 LPA INR 8.70 LPA is the estimated average package in NIBM. Axis Bank, Deloitte, Federal Bank, State Bank of India, HDFC Bank are some of the prominent recruiters of NIBM. IFMR: IFMR ensures 99% placements for its students. INR 13.6 LPA records to be the highest package. The average package in IFMR is INR 10.8LPA. Maximum students get placed under Finance, Marketing, Financial Engineering, HR, General Management, and Operations. Both colleges are pretty good with decent placement percentages. In terms of package and fee structure, NIBM gets pretty good package offers and is relatively cheaper than IFMR.

Question 17

How is IFMR chennai for PGDM? Is it an underestimated college?

Accepted Answer

Institution for Financial Management and Research Chennai is a well reputable management college in India. Founded in 1970, IFMR is affiliated to Krea University. The institute has been ranked at 53 among top management colleges in India by NIRF. Given below is an overview of the PGDM program offered by IFMR. Specializations 7 Entrance exam CAT, XAT, CMAT or GRE/GMAT CAT percentile 80 Selection Personal Interview Intake 175 Fee structure 13.2 lakhs Highest placement offered 18 LPA Average placement offered 9 LPA Companies recruiting Wipro, Accenture, Vodafone, HDFC Bank, Kotak, etc IFMR Chennai offers a rigorous 2-year long PGDM program with a strong foundation in Finance. On completion of the course, students get placement offers in various job roles like consultants, analysts, and managers in reputed MNCs. The required CAT cutoff, ranking, average CTC suggest the current position of the institute is justified.

Question 18

Which one should I join, GLIM Chennai (PGDM) or IFMR Chennai?

Accepted Answer

Institution for Financial Management and Research Chennai and Great Lakes Institute of Management Chennai are both reputable colleges of Chennai. GLIM Chennai is ranked 23 for MBA by NIRF 2020. Whereas IFMR Chennai is ranked 53 for the same by NIRF 2020. GLIM Chennai PGDM: Admission: It offers 6 specializations for PGDM and all the courses are AICTE and AMBA approved. The total intake for PGDM programs is 180. In order to get admission a Bachelors degree in any stream from a recognized institution is a must. Candidates who have more than 24 months of work experience are eligible to apply. It accepts CAT, XAT, CMAT scores for admission. The total course fee is 11.91 lakhs. GLIM Chennai does not provide any scholarships, but they provide certain banks who grant student loans. Placements: According to the placement statistics of 2020, 98% of students were placed. The highest salary offered was21.5 LPA, while the average salary offered was around 10.4 LPA Some of the top recruiters at the institute areDeloitte, Flipkart, Amazon, Swiggy, etc. Facilities: The campus is a residential campus with hostel facilities such as washing machines, twin sharing bedrooms, libraries, laboratories, clubs and societies, and cafeterias as well as ATM machines are available on campus. IFMR Chennai: Admission: It offers 7 specializations for MBA. The total student intake is 180. Good academic performance (such as above 60%) in class X, Class XII, and Graduation is required for admission. Work experience is not mandatory, however, working professionals should have a minimum of 3 years&rsquo; experience. The institute accepts CAT, XAT, CMAT, or GRE/GMAT scores. It also conducts WAT and PI for final selection. The total fee is 13.20 lakhs approximately. Scholarships: Based on how a student performs, they are granted Merit-based scholarships at IFMR. Students with the first rank get a scholarship of INR 2 Lakhs and the next 3 students get 1 lakh each. Placements: The university has a 100% placement rate since its establishment. According to the placement highlights of 2020 the highest CTC offered was 18 LPA and the average CTC was recorded around 9 LPA. Some of the major recruiters at the institute are Wipro, Accenture, Vodafone, HDFC bank, Kotak, etc. Facilities: The university has facilities such as air-conditioned classrooms, labs, library, ATM laundrettes, and dedicated TV rooms. The university is a residential campus with hostel rooms on the basis of twin sharing, which have both bath and geyser attached as well. In terms of foods, there is a mess provided with an Indian fast food outlet and also has shops with essential items. The university also has a water body, where the students can relax and stroll and as well as various courts for respective sports. GLIM Chennai has significantly subordinate fees as compared to IFMR Chennai, however, it is conclusively up to the candidate to select their preferable institution.

Question 19

How good is IFMR Chennai for MBA ? (selected for 20-22)

Accepted Answer

The government of Andhra Pradesh had recognized IFMRR GSB as a State Private University in May 2017. My sister is a past-student of IFMR and this is the information she has conveyed to me: IFMR GSB has been offering PGDM program since 2000 at the Chennai campus. It was established in 1970 as a not-for-profit society. The institute was set up to offer research-based inputs to the industries and the government in the field of finance and economics. IFMR GSB has been accredited by the South Asian Quality Assurance System (SAQS) since December 2017. PGDM in IFMR IFMR GSB had already delivered around 17 batches of students in PGDM since the establishment of the institution. The first batch of MBA had graduated in the year 2019. IFMR GSB has been offering two-year postgraduate programs i.e. Masters in Business Administration under KREA University IFMR is one of the leading Business Schools in India for MBA in Finance, Quantitative Finance. IFMR GSB is also one of the few B Schools in India that offers a 2-year full-time MBA program in Data Science. It offers a two-year program in 22 core and about 55 elective courses across various disciplines. Specializations such as Finance, Marketing, IT, Operations, HR, and Strategic Management, with some unique additional specializations in Banking Financial Services and Insurance (BFSI), Quantitative Finance & Data Sciences (Business Analytics) are provided by this college. IFMR Graduate School of Business (GSB) is inviting applications for its two-year Masters in Business Administration Program for the batch 2021-23. The placement report for the MBA Batch 2018-20 has been very impressive. Highest placement offered INR 13.6 LPA Average CTC INR 9.4 LPA Fees 113.45 Lakhs The top Recruiters included Bank of America, Barclays, CITI, Credit Suisse, CRISIL, E & Y, Deloitte USI, KPMG, Accenture, HCL, Genpact, Schneider Electric, and many others. Overall, IFMR Chennai is a good option to go for.

Question 20

What is CMAT cutoff for ifmr?

Accepted Answer

IFMR CMAT cutoff varies each year, depending on various factors such as the number of candidates appearing for the exam, the difficulty level of the exam, and the availability of seats. Based on past trends, CMAT cutoff for IFMR has been around 80-85 percentile in recent years. It's important to note that the cutoff is not the only factor considered in the admission process. Other factors such as academic record, work experience (if any), extracurricular activities, and performance in the Group Discussion (GD) and Personal Interview (PI) rounds also play a crucial role in the final selection. While the CMAT cutoff is a significant factor in the admission process, it's not the only one. So, if you're planning to apply to IFMR, it's recommended that you aim for a score higher than the cutoff to increase your chances of getting selected.

CAT Dates
CAT Registration Starts	August 2, 2023
CAT Registration Ends	September 13, 2023
CAT Admit Card	October 25, 2023
CAT Exam Date	November 26, 2023

XAT Dates
XAT Registration Opens	July 15, 2023
XAT Registration Closes	November 30, 2023
Last Date for XAT Application through GMAT / GRE	December 31, 2023
XAT Exam Date	January 07, 2024 (2:00 PM to 5:10 PM)

NMAT Dates
NMAT Registration	August 1 - October 10, 2023
NMAT Scheduling	August 1 - October 12, 2023
NMAT Re-Scheduling	August 1 - December 16, 2023
NMAT Exam Dates	October 10 - December 19, 2023
NMAT Registration Retake	October 11 - December 16, 2023
NMAT Retake Scheduling	October 11 - December 16, 2023
NMAT Last Date for Scorecard Download	March 31, 2024

MBA
Event	Important Dates (Tentative)
Application Opens	October 25, 2023
Application Closes	December 30, 2024	January 29, 2024	February 26, 2024	March 26, 2024	May 29, 2024
Interview Registration	January 03, 2024	January 31, 2024	February 28, 2024	March 28, 2024	May 31, 2024
Interview Dates	January 07 - 08, 2024	February 04 - 06, 2024	March 04 - 05, 2024	April 01 - 02, 2024	June 03 - 06, 2024
Registration, Orientation, and Class Begins	First Week of July 2024

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 + Written Ability Test + Personal Interview Intake: 180 Fee: INR 14,21,000 (excluding 2-year boarding Charges)
Executive MBA	Full-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)
MDP	Minimum Graduation from Any Recognized University /Institution Duration: 6 months -1 year Admission Criteria: WAT by IFMR GSB+PI
PhD	Minimum 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 Graduate School of Business - [IFMR GSB], Sri City

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Lakshmi Kumar

Krishnan C V

Badrinathan S

Gangadharan S

Archana Patro

Aswin Kumar

Chandrashekhar G R

Hemalatha Chandrashekhar

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Qualifying Exams	Cutoff 2023
NMAT	Score of 222
CAT	75 percentile
CMAT	Score of 220
GMAT	Score of 650
XAT	75 percentile
GRE	Score of 310

Batch	Placement Statistics (2021-23)
Placement Percentage	86%
Number of Students participated	184
Number of students placed	158
Companies Participated	39
Highest CTC	INR 20 LPA
Average CTC	INR 13 LPA
Major Recruiting Sectors	BFSI, Consulting, and IT
Futuristic Roles Offered	Risk Management, Consulting, Analytics, Regulatory Reporting
Top Recruiters	Deloitte, Nomura, Axis Bnak, HSBC, EY, JP Morgan Chase & Co, etc.

Event	Date
Last Date to Apply (Round 4)	Mar 31, 2024 - Apr 30, 2024
Phase 3 Result [BBA + MBA]	Apr 30, 2024
Registration for Interview (Round 4)	May 07, 2024
Online Application Timeline (Phase 4) [BBA + MBA]	Oct 25, 2023 - May 08, 2024
Round 4 Interview Date	May 11, 2024 - May 14, 2024
KREA Aptitute Test [BBA + MBA]	May 15, 2024 - May 17, 2024
KREA PI Dates [BBA + MBA]	May 22, 2024 - May 28, 2024
Last Date for Offer Acceptance (Phase 3) [BBA + MBA]	Jun 02, 2024
Phase 4 Result [BBA + MBA]	Jun 07, 2024
Last Date for Offer Acceptance (Phase 4) [BBA + MBA]	Jun 23, 2024