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’t have to worry. It is value for money and you can take an education loan without worries.

 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.

One of my friends studied at IFMR Global Business School. They have a campus in a Special Economic Zone that's 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 won't regret your decision if you join IFMR Chennai. If you like the idea of networking with people in the financial industry, then it's a good idea to join IFMR Chennai.

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’t a sectoral B-School, it is only known for its finance specialization. It is also rated below FORE, GIM, GLIM, and LIBA. 

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. 

National Institute of Bank Management (NIBM) is among India's 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. Girl's 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.

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.

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 Bachelor's 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’ 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.

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.

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.