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Krea University MBA Admission 2023: Application (Open), Fees, Eligibility, Entrance, Syllabus

Sri City, Andhra PradeshPrivate University

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Master of Business Administration [MBA]

Course Fees

Course Duration

2 Years

Total Fees

13.86 Lakhs

Detailed Fees

general

Total Fees	₹ 13.86 Lakhs

Course Information

Course Description

Krea University offers a two-year full-time residential Master of Business Administration or MBA Programme. It offers almost 22 core and 55 elective subjects across 9 disciplines spanning over a period of 2 years. The course is offered by IFMR Graduate School of Business.

The academy boasts a 100% placement track record with students getting recruited in top firms with best in industry salary packages. The institute also offers internships to the students with handsome stipends and the highest being INR 1 Lakh p.m. For the MBA program, the candidates must have completed a graduate degree. Candidates must have a valid score in CAT/ XAT/ CMAT/ NMAT/GMAT/ GRE entrance exam.

Table of Content

Krea University MBA Important Dates
Krea University MBA Eligibility Criteria
Krea University MBA Admission Guidelines

3.1 How to Apply?

Krea University Course Details
Krea University MBA Fee Structure
Krea University MBA Scholarships
Krea University MBA Placements
Krea University MBA FAQs

Krea University Important Dates

Events	Round 1	Round 2	Round 3	Round 4	Round 5
Application Process (Tentative)	October 25, 2023
Application Closes (Tentative)	December 30, 2023	January 29, 2024	February 26, 2024	March 26, 2024	April 30, 2024
Interview Registration (Tentative)	January 3, 2024	January 31, 2024	February 28, 2024	March 28, 2024	May 8, 2024
Interview Dates (Tentative)	January 7 - 8, 2024	February 4 - 6, 2024	March 4 - 5, 2024	April 1 - 2, 2024	May 13 - 15, 2024
Registration, Orientation & Class Begin (Tentative)	June 28, 2024

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Krea University MBA Eligibility Criteria

The candidate should be born after Jan 1, 1996.
60% marks in Class X.
60% marks in Class XII.
60% marks in graduation.
Freshers & experienced candidates are eligible.
75 percentile in CAT 2022 & 2023.
75 percentile in XAT 2022 & 2024.
A minimum of 222 score in NMAT (Oct 2023 - Feb 2024)
A minimum of 650 score in GMAT 2022, 2023 & 2024.
A minimum of 310 score in GRE 2022, 2023 & 2024.

Krea University MBA Admission Guidelines

Selection Process

Applicants will be shortlisted on the basis of 10th, 12th as well as UG program and CAT/GMAT/GRE/XAT/ CMAT/ NMAT results, as chosen by the candidate.

The shortlisted candidates will be called for Written Ability Test (WAT) and Personal Interview (PI).
Written Ability Test (WAT) and Personal Interview (PI) are conducted on the same day.

How to Apply?

Visit the official website of Krea University. (https://ifmrgsbadmissions.krea.edu.in/)
Fill out the personal details, competitive exams, address for communication, academic details, details on extracurricular activities, work experience, and parent details
Upload mark sheets and other educational documents.
A non-refundable application fee of INR 1500/- has to be paid through Debit Card / Credit Card / Internet Banking, through the application portal before final submission of the application form.
Shortlisted candidates will be intimated with details via email.

Krea University MBA Course Details

The IFMR GSB first-year curriculum now includes core courses that inter-weave skills across management disciplines and liberal arts. These courses are co-taught by faculty members from multiple disciplines, as well as industry experts. First-year core courses are:

Term 1	Term 2	Term 3
Managerial Economics	Macroeconomics	Corporate Finance
Accounting for Management – I	Accounting for Management – II	People Management
Managing Self and Teams	Foundations of Finance	Business Ethics
Management Information Systems	Leading Organisations	Market Research
Design Thinking and Problem Solving	Managerial Communication	Advanced Statistics for Managerial Decision Making
Marketing Management	Basic Statistics for Managerial Decision Making	Operations Management
Introduction to Managerial Decision Making	Strategic Management	-

During the Second year, the students get to choose any one of the electives provided by the university which includes:

Economics
Data Science and Information System
Operations Management
Finance & Accounting
Strategy Management
Marketing
OB & HR

Krea University MBA Fee Structure

The entire cost of the MBA program is INR 14.56 Lakhs. The detailed fee structure and the payment schedule is as follows:

Fee Description	Amount (In INR)	Date
Tuition Fee: 1st Installment inclusive of Admission Acceptance Fee:	-	To be paid when accepting the offer
Admission Acceptance Fee	INR 35 K
Balance First Installment Fee	-
Part 1 of the First Installment Fee	INR 1.34 Lakhs
Part 2 of the Second Installment Fee	INR 1.34 Lakhs
Part 3 of the Third Installment Fee	INR 1.34 Lakhs
Refundable Caution Deposit	INR 25 K	June 20, 2023
1st Year - Living Fee (Boarding & Lodging Charges including laundry charges up to INR 500/- per month)	INR 1.80 Lakhs	June 20, 2023
Tuition Fee: 2nd Installment	INR 4.37 Lakhs	Nov 30, 2023
Tuition Fee: 3rd Installment	INR 5.82 Lakhs	June 30, 2024
2nd Year - Living Fee (Boarding & Lodging Charges including laundry charges up to INR 500/- per month)	INR 1.95 Lakhs	June 30, 2024
Alumni Fee	INR 5 K	Jun 30, 2024

Fee payment should be made online only and is inclusive of tuition fee, provision of course materials, library, IT support, alumni association membership, course related software licensing cost, etc.
The fee does not include any laptop charges as the student is required to bring his/her own laptop.
The course is residential and hence staying in a hostel is mandatory. The hostel is located inside the University campus in Sri City.

Krea University MBA Scholarships

Full tuition fee waiver scholarship: The institute offers scholarships and full tuition fee waivers to help outstanding students overcome financial obstacles in their pursuit of quality education. The scholarships are awarded on the basis of their scores on competitive exams, academic records, and performance on admissions criteria such as written tests and interviews.
Merit-Cum-Means Scholarship: The scholarship provides financial assistance to students with a minimum CGPA of 3.50 at the end of the first year and the family’s annual income is less than INR 10 LPA. The top 10 students who meet the eligibility criteria will be considered for the award of scholarship and the scholarship amount shall be up to INR 2 lakhs per student.
T. Thomas Scholarship for Business Leaders: The scholarship is awarded to the second-year student of the outgoing batch. The scholarship amount shall be INR 1 Lakh. The winning candidate is decided by Hindustan Unilever Limited.
Merit Scholarships: The scholarship is offered to meritorious students at the end of the second year based on CGPA at the end of the second year. The student who ranks 1st is given INR 2 Lakhs. 2nd, 3rd, and 4th ranked students are given INR 1 Lakh each. In case the CGPA of two or more students is the same, the amount is distributed among the students.

Krea University MBA Placements

Krea University Placements 2023 is concluded. 100% of the batch have been placed. Krea University highest package stood at INR 22.90 LPA while Krea University average package increased more than 22% at INR 13.50 LPA. More highlights of Krea University Placements 2023 are tabulated below:

Particulars	Placements Statistics 2023
Number of Recruiters	55
Number of New Recruiters	14
Number of Students	184
Number of PPOs	30
Highest Package	INR 22.90 LPA
Average Package	INR 13.50 LPA
Top 10% Average Package	INR 19.20 LPA
Top 25% Average Package	INR 17.30 LPA
Top 50% Average Package	INR 15.60 LPA
Median Package	INR 13.10 LPA
Top Recruiters	Nomura, Deloitte, KPMG, Barclays, Crisil, JP Morgan Chase

Krea University MBA Summer Internship Placements

Krea University Summer Internship Placements 2024 highlights are tabulated below:

Particulars	Internship Statistics (2022-24)
Batch Size	174
Highest Stipend	-
Average Stipend	INR 22,000
Top 25% Average Stipend	INR 55,300
Top 50% Average Stipend	INR 40,500
Top Recruiters	DE Shaw & Co., Dell, Morgan Stanley, Barclays

Krea University MBA FAQs

Ques. Is work experience mandatory for admission to MBA programs at Krea University?

Ans. No, work experience is not mandatory for admission to MBA courses. Candidates with work experience of 0 to 36 months, as of the date of the deadline for submission of application, are also eligible to apply.

Ques. Does Krea University have any Quota for admission to MBA courses?

Ans. The institute does not have any Quota. The admissions are purely based on merit and entrance exam scores.

Ques. What are the career prospects after pursuing MBA from Krea University?

Ans. The university places the students in impactful roles across domains and organizations. Some of the top recruiters include Accenture, Bank of America, Barclays, Credit Suisse, Crisil, Deloitte USI, E&Y, Genpact, HDFC Bank, ICICI Prudential Life, Philips, Schneider Electric, Temenos, Wipro, and many more. The students are placed in various leading firms across various sectors such as Investment Banking, IT, Insurance, Manufacturing, SCM, FMCG & Microfinance.

Ques. Are the students of Krea University provided with any Industrial Exposure during their MBA course?

Ans. The student community enjoys frequent interactions with industry experts and they get opportunities to be a part of various live projects during their course of study. As the university is located in a Special Economic Zone (SEZ), visits to Kellogg’s, Colgate, Pepsico, Isuzu Motor, Alstom, Kobelco, Lavazza, and Danielli is quite frequent.

Ques. Does Krea University offer scholarships for the MBA program?

Ans. The institute offers scholarship facilities to deserving students, on case to case basis. It also offers loan facilities to meet the financial needs of the students.

Course Details

Duration2 Years

Number of Seats-

Type of CourseFull Time

Mode of TeachingOn Campus

Duration2 Years

Number of Seats-

Type of CourseFull Time

Mode of TeachingOn Campus

Duration2 Years

Number of Seats-

Type of CourseFull Time

Mode of TeachingOn Campus

Duration2 Years

Number of Seats-

Type of CourseFull Time

Mode of TeachingOn Campus

Placement

Highest Placement	₹ 13.6 Lakhs
Average Placement	₹ 9.4 Lakhs
Top Companies

College Ranking

Ranking of Krea University

Answered Questions

Krea University: 8 answered questions

Ques

Between Ashoka University and Krea University which is a better option for UG in Liberal Arts?

● Top Answer By Chinmaye Veluthoor on 14 Oct 21

Ans

Krea University is a newly established university, students tend to have their doubts while opting for it. Ashoka University on the other hand is a well-known esteemed university and is a brand tag in itself resulting in a huge number of aspirants. Academics: The students of Ashoka University have been the aces for a long time. The Social Science department (Economics, Political Science, History, and Sociology) is often compared to Delhi University’s Social Science department which is a huge achievement. Their Computer Science course is exceptional and has been approved by the University of Pennsylvania’s CiS. The environment at Ashoka is lively and competitive. Faculty: The academics in both the universities are similar but Ashoka University has better and higher qualified faculty with numerous research papers to be credited for. They have full-time professors who are helpful and cooperative. Location: The distance of the university from your residence is a huge determining factor. Krea University is two and a half hours away from Chennai City and Ashoka University on the other hand is over an hour from Delhi. It is a known fact that Delhi has better transport facilities therefore traveling and transport facilities are not much of an issue. Krea University is located in a remote place and the only transportation available is by bus from Chennai. Students who would choose comfort over education would rather strike out this option. Financial aid: The financial aid provided in both universities is limited as it depends on fundings and financial constraints. It is suggested to not rely on it much as it would not be sufficient. Krea University is undoubtedly a rising to the top university and would be filled with challenges if you opt for it. For now, Ashoka University seems to suit better for any student.

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Ques

Which university do you recommend for liberal arts the established Ashoka University or the new Krea University and why?

● Top Answer By Shyam Singh on 25 Oct 21

Ans

Ashoka University is established in a better manner with its campus, facilities, and members of faculty. Here are some of the facts about both Ashoka and Krea. The hostel, library, students, and, most importantly, the great instructors comprise Ashoka. Particularly the history and literary departments of the University have many great facilities to offer to the students. However, Krea follows a similar pattern for the departments of liberal arts. The current hostels and classrooms of the university are excellent. Some of my friends were in the first batch of the university and their experience was pretty good. The members of the faculty and administrators hired thus far are good. I would suggest that you should take into account the location of both these universities before making your decision.

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Ques

How is a regular day or week like at Krea University?

● Top Answer By Sudip Sen on 25 Oct 21

Ans

Krea University has such a diverse group of students. Almost everyone has distinct schedules for the day. According to some of my friends studying there, People who sleep late and wake up a few minutes before the early risers have classes to attend. The classes would begin at around 8-9 AM., depending on the timetable. Each lesson would last an hour or an hour and a half, with 15-minute breaks to recharge or for snacks. The morning session concludes at 12:30 PM., and classes in the afternoon may begin at 1:45 PM or 2 PM, depending on the schedule. Usually, the classes last until 4:30 PM. Everyone has a varied schedule for studying and finishing assignments that are due. You will see a diverse group of people, some of whom may be wandering around campus or sitting inside the library or other establishments such as Longue till it shuts. Saturdays and Sundays are non-working days at Krea University, some students may sleep all day or go out and do other activities. Every day is exciting, enjoyable, surprising, intriguing, and incredible at Krea University.

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Ques

What are the reviews of Krea University?

● Top Answer By Rajat Karla on 14 Oct 21

Ans

One of my friends is from Krea University. According to him and after doing some research online I gathered the following things. Krea University is the embodiment of exclusive and exceptional education. The academic structure is formulated in a way that helps students not only in their curriculum but also prepares them for the outer world. The faculty here is highly experienced and holds expertise in their field of study. The campus has several co-curriculums and clubs as well for football, basketball, badminton, cricket, volleyball, etc. The campus at Krea houses a salon, café, open-air theatre, media lab with V. R. Technology, medical dispensary, laundry service, atm machine, a science lab with modern facilities being installed. Krea University does not only claim to offer exceptional academics and career opportunities to students but makes it evident as well. Based on the family income of the students, Krea University offers financial aid to support them. They have initiated a work-study program as well. The campus has a great serene environment creating a calm, positive atmosphere all over the campus.

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Ques

How was your experience of immersion day with Krea University?

● Top Answer By Shashank Ray on 25 Oct 21

Ans

This answer is based on what my brother experienced during his immersion day at Krea University. His immersion day was conducted via online mode in June during the 3rd round of the admission process at Krea University. A day prior, the authority members of Krea organized an online meeting through Zoom to make the students who would be part of the event familiar with one another. The session started with a professor at Krea University giving a presentation on subjects like disproportionate development and migration. The students were required to listen and pay attention to what the presenters were saying. The attendees were provided with 30 minutes to compose a reflective essay about their understanding of the topic. For this, the students were advised not to reuse the information mentioned in the presentation. For the Group discussion/Presentation portion of the immersion day, the students were provided with around 2-3 minutes to speak on the topic and present their ideas and opinions. The Personal interview was enjoyed by my brother. The students were asked questions about their personal stories that they include in their application. The students were asked about their academic interests and their stream in Classes 11th and 12th. A week later, a 7-question proctored exam was given to the students to assess their mathematical and logical reasoning skills. The test would be simple for you if your class 10 math fundamentals are clear. My brother thought their method of picking candidates was quite interesting and unique. He was never bored during the sessions because he learned a lot from the professors and the student debates.

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Ques

What is the admission process for Krea University?

● Top Answer By Suresh Arora on 25 Oct 21

Ans

One of my friends studied at Krea University. According to him, their U.G programme admissions process is both unique and innovative. The following is the procedure for admission: To enroll in a UG course at the university, you must first create an account on the admissions portal and register yourself as an applicant by entering a few basic details. Fill out the application by going over each section one by one: Section 1: Personal narrative Section 2: Academic Details Section 3: Extracurricular activities. Section 4: Personal information Section 5: Additional details The next stage of the admission process is what makes it more interesting. Based on the application form, the admissions committee selects the student for the following stages of the admission process. KIC or Krea Immersive Case candidates are chosen from all the applicants. Case studies, reflection essays, mathematical and logical exercises, group discussions and presentations based on the case, conservation with a panel of faculty and admissions team members are commonly included in the KIC. There are no prerequisites for any of the processes described above. You can connect with the former and current students of the university to know more about the intricacies. Due to the current pandemic, the UG admissions at Krea University will be done via online mode, for the time being, to comply with regulations implemented by the concerned authorities in the interest of the health and safety of the applicants and staff members of Krea University.

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Ques

What extra curriculum is available at Krea University?

● Top Answer By Arun Jalan on 14 Oct 21

Ans

One of my friends studied at Krea University. According to him, it is well-known for offering a wide range of curriculums to its students. Stimulations available on VR platforms allow students to enhance their skills and gain knowledge in their field of interest. Apart from learning, the students are allowed to play games and articulate innovation in it. Even the students interested in photography, videography, and editing may use it to their advantage as there is present such professional equipment through which these students could learn better. The movie screening is scheduled three times a week on campus. There are currently eighteen clubs in the school of interwoven arts and science at Krea University. The clubs are responsible for organizing several extra-curricular activities. There is an extracurricular committee that is exceptionally in-charge of organizing festivities across diversity. They have Choir and Acapella classes held in the university. The academic structure is such that provides students with enough time to discover their passion and interest in channeling their creativity for the betterment of their future. Some of the clubs active in the campus are Conversation, Dance, Fine arts, Gaming, I&E (Innovation and entrepreneurship), Literary Arts, Media Arts, and many more.

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Ques

Between Ashoka University and Krea University, which is a better option for UG in Liberal Arts?

● Top Answer By Auyush Singh on 14 Aug 20

Ans

The major differentiating factor between the two is that while Ashoka is a reputed university that has made a name for itself Krea University is comparatively new to people and has yet to achieve that place. Certain points that one can consider while comparing the above two institutes are: FACULTY: Apparently since Ashoka University is much older and more reputed than Krea University it provides elite professors to its students. Although the faculty at Krea is also amazing it still lacks when compared to that of Ashoka’s. FEE STRUCTURE: Apparently, Ashoka university is a bit more expensive than Krea University. Although both universities have provisions for education loans, financial aid etc. (refer to college brochure for details). Also, the details of fee structure for the mentioned course in respective colleges is as follows: INTERNATIONAL EXPOSURE: Interacting people with different backgrounds is one of the essential components of Liberal Arts. Ashoka’s Summer Abroad/Semester Abroad programs provide students with these opportunities. This is because they also have tie-ups with some of the best institutes of the world including University of Pennsylvania, Yale University, University of California-Berkeley etc. which also provides their students to attend guest lectures from the professors of best universities of the world. However, Krea University has also partnered with some elite international organisations (i.e. the Academic Internship Council (AIC), University College Cork (UCC), Australia Council for the Arts and University of Wellington (UoW) New Zealand India Research Institute (NZIRI)). And the number is yet to increase with time. STUDENT GROUP AND PLACEMENTS: Since Ashoka has established a name for itself it attracts mostly the best students of the country due to its past records and reputation which is a feat that Krea University will take some time to achieve since it is a newly established university (for UG in liberal arts). Ashoka University maintains a decent track record of placements including recruiters such as RBL BANK, Albright Stonebridge Group (ASG), Microsoft Research (SGO), McKinsey & Co, Ernst & Young (EY), Bloomberg Quint, Mu Sigma, Boston Consulting Group etc. with average package offers ranging from 7-9 LPA. Whereas since the first batch of liberal arts at Krea was incepted in the year 2018 the placements scenario is yet to unfold.

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