IFMR Admission 2018: Application closes today on Feb 12; Apply now and pay later

IFMR admission 2018
Monday, February 12 2018, 04:50 PM
IFMR Chennai which has been awarded the status of University and offers MBA degree instead of PGDM will close its MBA admission process today on February 12, 2018 with a unique opportunity to candidates to apply now and pay later
IFMR has announced the cut offs for CAT 2017, XAT 2018 and CMAT 2018 percentile for admission so that candidates can match their scores while submitting the application

IFMR, The Institute for Financial Management & Research which has been awarded the status of University and offers MBA degree now will close its MBA admission process today on February 12, 2018 late evening. Since CMAT result is not yet declared, IFMR has offered the unique opportunity to apply now and pay later.  Only few hours are left to apply for admission to this highly ranked MBA college with your CAT 2017, XAT 2018 and CMAT 2018 scores.

Those waiting for their CMAT 2018 result should not worry as they can submit their CMAT scores later when AICTE declares CMAT result.

In a clear message, Prof Suresh Venkatraman at IFMR, Sri City (Near Chennai) has informed that the Last date to apply for admission at IFMR will close today on February 12.  

IFMR MBA: No equivalence certificate needed
IFMR has been awarded the status of University and offers MBA degree since the batch of 2017 instead of Post Graduate Diploma.  The step was taken by IFMR as soon as the Union Cabinet cleared the IIM Bill enabling IIMs to award MBA degree.

Now the candidates studying at IFMR do not need to get MBA equivalence certificate from the Institute as the MBA from IFMR is globally recognized and honoured for career progression as well as to pursue higher studies anywhere around the world in top Universities.

IFMR had earlier extended the last date to apply for admission to MBA 2018-20 batch to February 12, 2018 from earlier February 5 due to the fact that both XAT and CMAT results have been delayed. The XAT 2018 result has now been declared and now there is no proposal by IFMR to extend the last date to apply for General Round beyond February 12.

Applicants can Apply now & pay later
IFMR Chennai has advised the students to apply now and pay their application fee later. According to Prof. Suresh Venkatraman, Chairperson Admissions IFMR, “On social media and many digital forums, our students have been advising applicants, that they can fill the form but not pay the application fee till they get their XAT/ CMAT percentiles and know that they have met our cut offs”

This is the good opportunity for the MBA aspirants as they can apply without making payment of application fee. Once they get their XAT or CMAT scores and meet the cut offs prescribed by IFMR, they can pay the application fee then.

Cut offs for admission
IFMR has announced the cut offs for CAT 2017, XAT 2018 and CMAT 2018 percentile for admission so that candidates can match their scores while submitting the application. Following are the exam score cut offs at IFMR

Entrance Exam
Cut off
CAT 2017
80
XAT 2018
80
CMAT 2018
90
GRE
Quant 160 in new scale, Verbal 153 in new scale
GMAT
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.

Key Changes in admission process
IFMR Chennai has made important aspirant friendly changes in the process of MBA admission 2018 providing relief to the applicants who are seeking admission opportunity in the MBA programme.

IFMR has offered two opportunities to the candidates for admission to MBA 2018-20 batch by conducting two admission rounds – Early Decision and General round.

While the application process for Early Decision round was closed on January 15, now the application process for General round is open for next few hours on February 12.

Consistent record of high Placements
IFMR is one of the top B-schools offering quality management education with 100% campus placements and consistently rising average packages over the years. The B-school has recently opened its new campus at Sri city, near Chennai.

IFMR Chennai Placements 2017 recorded higher salary packages. Average placement at IFMR in Placement 2017 has increased to Rs.9 lakhs from Rs.8.5 lakhs. The highest salary has also gone up to Rs.14 lakhs from Rs.13 lakhs.

Final Selection Process
The selection process at IFMR consists of Written Ability Test (WAT) followed by personal interview (PI).

Applicants are required to have taken at least one of the following standardised entrance exams – CAT 2017 / XAT 2018 / CMAT 2018 / 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.

MBA 2018 Fee structure
2 years tuition fee excluding boarding and lodging for flagship MBA programme is Rs.12 lakhs at IFMR.

Tips to get admission in IFMR
The Selection Process at IFMR includes WAT (writing ability test) and PI (personal Interview).

During the WAT process, as shared by the B-school, ‘IFMR will be looking for the ability to articulate a position and the ability to disengage from that position. Accordingly, there must be no obvious grammatical or punctuation errors.’

Type of WAT topics in IFMR
Going by the past trends, the WAT last year had a topic “It is easier to convince the client than to convince the boss”, and the applicant had to write both FOR and AGAINST the topic.

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.

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.

Stay tuned to MBAUniverse.com for more updates on IFMR Chennai

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