New campus of IFMR at Sri City was inaugurated on May 9, 2014 by Dr Morton Schapiro, President, Northwestern University, USA and Ms Chanda Kochhar, MD and CEO, ICICI Bank in the presence of Mr N Vaghul, Chairman, Board of Governors, IFMR.
Dr Nachiket Mor and Mr Narayan Sethuramon, members, Board of Governors, IFMR were also present as were leaders of industry including Mr MM Murugappan of the Murugappa Group and Mr Venketarama Raja of the Ramco Group and Mr Ravi Sannareddy, MD, SriCity.
IFMR’s new campus is spread across 40 acres in Sri City. Sri City is located strategically along National Highway-5 on the border of two industrialized states, Andhra Pradesh and Tamil Nadu. The place is in the heart of business and trade in the midst of global organizations. The Institute is built in 3,00,000 sq.ft that covers the main academic block consisting of classrooms, computer labs, seminar halls, faculty cabins, library, meeting rooms, placement cell, residential hostel.
A Cafeteria with dine-in services and a gymnasium among other facilities and recreation, will give the students more than a mental workout. The faculty and staff housing is also a part of the campus. The campus is designed to give easy access to the physically challenged as well.
Students are expected to benefit most from this new infrastructure as IFMR’s new Sri City campus is in the heart of business trade with its neighbors being global giants like Kellogg’s, Cadbury, Colgate, Pepsico, Isuzu Motor, Alstom, Kobelco, Lavazza and Danieli, who are setting up projects. Students will have ample opportunities with all of the biggest names in the corporate world.
The PGDM 2014-16 batch of 180 students with diverse background has already commenced at the new campus in June 2014.
Replying to MBAUniverse.com query ‘despite the instability in the MBA/PGDM market, why IFMR chose to invest in a new campus’, Prof Lakshmi Kumar, Program Director-PGDM, said ‘the availability of technical and functional specialists will always be in abundance, however there is definitely going to be a dearth of good management talent in the coming years. So imparting management education is extremely important.’ In his view ‘Just having functional skills is not going to be sufficient. One might be an expert production technologist, but to create a value for the future in the society, one needs to have a lot of managerial skills. . We at IFMR take our curriculum seriously and change it constantly in accordance with the changing needs of the present requirement.’
IFMR sees need for change in terms of curriculum but perceives a great demand and requirement for good and quality managers. Hence with the future projection of given demand there will be need of good management education.
The Institute for Financial Management and Research (IFMR), Chennai was established as a nonprofit organization in 1970. IFMR is recognized as an Institution of National Importance by the Ministry of Finance. It is an approved institution by the University of Madras for pursuing a Ph.D. degree in Finance and Economics. The B school offers AICTE approved 2-year full-time PGDM programs, 3 years part time programmes as well as PhD programme. IFMR has set up 7 Research centres.
Also Read:
MBA Admissions 2014: IFMR's new campus to start from May 2014, Last Date to apply Feb 15
MBAUniverse.com offers a comprehensive preparation package coupled with over 200 online interactive classes with Top CAT experts including from IIMs for CAT 2014 preparation. Visit the link below for more information and new batch schedules: http://www.mbauniverse.com/cat_preparation_online.html
If you have any complains about B- schools, write here: Register your Complain about B-schools
Are you the interested? Click below to know more:
Apply to MBA Colleges with your CAT/XAT/CMAT/MAT Scores for Admission 2014, Click below:
Stay tuned to MBAUniverse.com for more updates on IFMRChennai
