The Institute for Financial Management & Research (IFMR) Chennai is a highly ranked business school with the objective of moulding ambitious young men and women into competent and socially responsible organisational leaders in a global setting. IFMR offers full-time and part-time PGDM programmes, a Ph.D programme as well as both open and customised management development programmes.
Institute for Financial Management and Research (IFMR) in Chennai was established with the help of industry in the year 1970 as a not-for-profit society. IFMR has recently inaugurated a sprawling 40 acre campus in Sri City near Chennai. Located in a manufacturing hub comprising some of the world’s leading companies, the campus provides students and faculty with world class infrastructure and outstanding opportunities for collaboration with industry. http://www.mbauniverse.com/mba-college.php?institute_id=561
The PGDM programme at IFMR has consistently been ranked high among top B-schools in the country. The institute will accept CAT 2016, XAT 2017, CMAT 2017, GMAT & GRE scores to shortlist candidates for final admission round. The cut off and weights are not the same for all the entrance exams – so your performance in all the entrance exams you have taken will be evaluated against the respective cut off and only your best performance will be considered.
The PGDM 2017-19 admission application process at IFMR is open and January 22, 2017 is the last date to apply. Application can be submitted at http://forms.ifmr.ac.in/
Key Strengths of IFMR Chennai
Placement 2016 at IFMR has recorded 51 recruiters. Top recruiters at IFMR include HSBC; JPMC; CRISIL; Credit Suisse; Accenture; Capgemini; Deloitte; iNautix; Wipro; Rane Group; Genpact; IFMR Capital; HCL Tech; Cognizant; Barclays; Olam; Vernalis; Shell; TCS among others
Average placement at IFMR in Placement 2016 stood at Rs.8.5 lakhs with median at Rs.8 lakhs per annum. In contrast to salary packages offered to various B-schools, IFMR has recorded higher compensation packages.
One of the key USPs of IFMR, Chennai is its low fee structure. The two year fee of the PGDM batch is Rs.12 lakhs. The fee will be subject to revision in accordance with the policy of the B-school. This fee excludes hostel accommodation.
Highly ranked B-school
As per BW- Cfore B-School Survey 2016, IFMR is ranked 15 among Top Private Business Schools in India (Business world – 14 November 2016. IFMR enjoys overall rank of 29 among Top Business schools in India as per BW- Cfore B-School Survey 2016.
IFMR has been assigned A** Rating by CRISIL [All India] & A*** Rating by CRISIL [Andhra Pradesh]. AIMA has awarded A1 League to IFMR. The B-school has been awarded All India 27th Rank by National Human Resource Development Network.
IFMR is included among Good Business Schools category (26-50 ranks) by Business Today-MDRA B School Survey 2015 and enjoys All India Rank 22 by The Hindu Business line- MBAUniverse B School ranking 2017.
Corporate sponsored B-school
Established in 1970 as a not-for-profit society, IFMR was sponsored by ICICI, the House of Kotharis and other major industrial groups. The current Board of Governors, headed by Mr N. Vaghul, Ex. Chairman, ICICI Bank, consists of leaders of major corporations in India as well as respected academicians.
Innovative Curriculum & Pedagogy
IFMR is noted for pedagogic innovations. IFMR’s full-time PGDM programme provides quality management education with a strong foundation in Finance.
IFMR offers 22 core and approximately 55 elective courses during the two-year programme, spanning 8 disciplines. Unique specialisations offered include Financial Engineering, Banking, Financial Services & Insurance (BFSI), and Data Sciences (i.e. Business Analytics).
An ever increasing base of corporates come to IFMR regularly to recruit students from the PGDM programme. IFMR has 100% placement record since the inception of the programme.
In the first year, the students get a good grounding across all management disciplines. They then undergo a rigorous two-month summer internship in an organisation. In the second year, the specialisation streams available are Finance, Marketing, IT & Operations, HR, and Financial Engineering, with additional specialisations in Banking Financial Services and Insurance (BFSI) and Data Sciences (i.e. Business Analytics). These are offered jointly with the support of the industry professionals in curriculum design and delivery.
The Finance, IT and Operations streams prepare students to work as Analysts, Consultants, and Managers for IT, Banking and Financial Services.
Human Resources and Marketing students find attractive opportunities in the corporate and banking sectors. The Financial Engineering specialisation prepares students for a career in investment banking, securities trading, quantitative modelling, risk management, financial consulting, and applied research.
Scholarships at IFMR
Based on the academic performance (CGPA) at IFMR, top performers of the class are awarded merit scholarship of Rs.2 lakhs for 1st rank holder and Rs.1 lakh each for next 3 students.
The award is subject to the student’s compliance with discipline, attendance and other rules and regulations of the institute.
Besides, 10% 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 can also be offered 50% support through Merit-cum-means scholarships with certain conditions.
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.
The best outgoing student of the PGDM programme will receive a Hindustan Unilever Limited (HUL) T. Thomas Scholarship award of Rs.1,00,000.
Admission process: Good chance to achievers
Applicants are required to take/have taken any of the following standardised entrance exams – CAT 2016 / XAT 2017 / CMAT 2017 / GMAT & GRE (taken in the last three years). While CAT/XAT/CMAT percentiles or GRE/GMAT scores are an important component of the admission process, these are not the sole criteria for admission.
The admission committee will consider the applicant’s past academic performance, and performance in Personal Interview. Further the admissions committee recognizes the importance of passion for achievement demonstrated even in non-academic endeavour such as sports (represented country, state or district), NCC, Performing Arts (but NOT fine arts), volunteering, activism etc. and at the work place (of a corresponding level). Those with track record in these areas would get a relaxation with regard to cut off scores, provided they are otherwise eligible, and capable.
Following are the expected cut offs
Expected cut off
Quant 160 in new scale, Verbal 153 in new scale
Quant 49 on Scale of 60; Verbal 30 on Scale of 60
Candidates with excellent academic profile, achievements, quality work experience will stand fair chances of admission at IFMR even if they score a little low percentile in entrance exam.
The candidates will have to go through PI-WAT round which has 25% weightage in selection process. There are rejections in PI /WAT if the applicant is inarticulate, incoherent, illogical, confused, gives outright factually incorrect answers (e.g. Sri Lanka lies west of India, water is lighter than petrol), obviously ignorant (does not know that Mr. Pranab Mukherjee is President of India, claims that India exports crude oil), grammatically wrong (I am coming to this interview in bus) or translates from Indian Language (We have got first rank from school days OR My India great, 100 out of 99 dishonest)
Purpose of WAT is to confirm that the applicant can write grammatically correct and complete English sentences which flow in a sequence to make sense and distinguish between different points. The candidate should not get confused between points which are for and against an argument.
PI is to confirm that the candidate is actually the person as understood by IFMR based on the application form, committed to productive use of the PGDM program and has at least the minimum required skills in spoken English, listening skills, and interpersonal skills.
Work experience score is not an automatic function of duration, but is based on the applicants’ ability to demonstrate that such work experience has equipped him/her with skills, attitudes, and values to be productive at the work place.
Programme offered, Intake & Last date to apply
The flagship PGDM 2017-19 batch at IFMR will have an intake of 180 students. Applicants seeking admission to PGDM 2017-19 at IFMR must complete and submit the application form online by the last date on January 22, 2017. Application fee is Rs. 1500/- (Rs One thousand five hundred only). The fee can be paid through credit card or net banking. To submit application for admission to PGDM 2017-19 at IFMR visit http://forms.ifmr.ac.in/ .
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