IFMR GSB MBA Admission 2021: Key USPs, Eligibility, Criteria, Fees, Placement; will accept NMAT apart from CAT, XAT, CMATIFMR GSB MBA Admission 2021: Key USPs, Eligibility, Criteria, Fees, Placement; will accept NMAT apart from CAT, XAT, CMAT


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December 3, 2020
IFMR Chennai is now IFMR Graduate School of Business at KREA University. IFMR offers two-year MBA degree under the auspices of the KREA University and for the batch 2021-23, it will accept scores from the NMAT exam, apart from CAT, XAT, CMAT scores. The online application process for admission 2021 at IFMR is open now at a fee of Rs.1500/-. IFMR follows a unique admission process offering two application rounds
IFMR MBA Admission 2021

The erstwhile Institute for Financial Management & Research now operates as the IFMR Graduate School of Business within Krea University. It offers a two-year full-time residential Masters in Business Administration (MBA). According to Dr. Shobha Das, Dean of IFMR GSB, the program stands out in offering a “fun, immersive learning experience to produce students who are reflective, ethical, effective and professional, prepared to rise to leadership positions in business.”

Application Form for MBA Batch 2021-23, IFMR GSB, Krea University

In addition to the 2 year full-time MBA, now in its 20th year of offering, IFMR also offers an executive MBA programme, a full-time PhD programme, and customised management development programmes for corporates and other clients.

Founded in 1970, IFMR has evolved from a research institute in the areas of economics and finance to a full-fledged business school with a focus on interwoven learning. The journey of nearly 50 years has been steered by some of the best minds from academia and industry, creating immense value for the economy and society at large.

With an emphasis on quality education, students at IFMR GSB hone their knowledge via a multidisciplinary approach, arming them with the right skills for effective problem-solving management. The legacy of IFMR combines with the agility of Krea University to deliver a cutting-edge interwoven curriculum that prepares students to diagnose real-world problems and solve them effectively.

The curriculum is delivered from a 40-acre clean and green campus located in Sri City, a hub of industry 70 km north of Chennai. A trading floor, a well-stocked library, a well-established mentoring scheme, opportunities to learn and earn via live project,s and ongoing research collaborations with institutions such as MIT and Harvard offer a learning environment for students to emerge as business leaders of the future.

NMAT Added as Acceptable Exam for Admission 2021
With effect from this year, IFMR GSB will accept NMAT exam scores in addition to CAT, XAT, CMAT, GRE and GMAT scores for its admissions process IFMR follows a unique and holistic admissions process comprising two rounds. Candidates – fresh graduates as well as those with up to three year of experience –can apply in either round.

IFMR GSB: Key Highlights

  1. Three full tuition scholarships for applicants with exceptional potential – This year IFMR GSB is offering 100% tuition scholarships to up to three qualified candidates. Apply early to improve your chances of receiving a scholarship.
  2. Two Decade Old Management Programme: The 2-year fully residential programme of IFMR GSB is two decades old and is one of the reputed MBA programmes offered in India.
  3. Rigorous Curriculum: The MBA programme at IFMR GSB offers a mix of theory with simulated real-life exposure and aims to shape business practices through inventive, sharp thinking and cutting-edge research. The programme consists of a total 6 trimesters over the course of two years with a summer internship between the 1st and 2nd year.
  4. Combining depth and breadth: In the second year, students choose one or more areas of concentration and acquire in-depth knowledge through classroom instruction, projects, group exercises and case discussion. Areas of concentration include Data Science & Information Systems, Economics, Finance, Accounting & Quantitative Finance, Human Resources, Marketing, Operations and Strategic Management. Courses are offered jointly with the support of the industry professionals in curriculum design and delivery.
  5. Mandatory Summer Internship: During the summer break between the first and second year, students undertake a Summer Internship in a private or public organization for 8-10 weeks
  6. Excellent Faculty: IFMR has one of the highest “Faculty: Student” ratios amongst private schools in India. The institute’s diverse faculty comprises top academic scholars holding PhDs from universities of repute such as Connecticut, Minnesota, NYU, Ohio State, Purdue and Texas A&M in the US as well as the IIMs and IITs in India, as well as business practitioners with extensive top management experience.
  7. Strong Placements: IFMR GSB’s MBA programme prepares students in integrated reasoning so that they are always the preferred choice for recruiters. Opportunities are available in all industry sectors, with Banking, Financial Services & Insurance (BFSI), consulting and IT-enabled services (IteS) being the most prominent. In Placement 2020, the average salary was Rs. 9.37 LPA. The highest salary was Rs. 13.6 LPA.
  8. Vibrant Student Community: The student community is a perfect blend of freshers and those with industry experience. A diverse peer group, the students hail from a wide range of educational, work and cultural backgrounds
  9. Located in Booming Business City: IFMR GSB’s new state-of-the-art campus is located at the heart of the fast-growing Sri City, a 5,000-acre Special Economic Zone (SEZ) situated 70 km north of Chennai. Sri City is fast becoming a hub for India’s large and medium scale industries.
  10. Moderate Fee: MBA 2021-23 Programme Fee is Rs.13.86 lakhs which is lower than comparable MBA colleges

Application Form for MBA Batch 2021-23, IFMR GSB, Krea University

Sharing insights about the MBA programme with, Prof Amit Das Chairperson of MBA Admissions at IFMR GSB said, “The programme includes the mainstream disciplines of Economics, Finance & Accounting, Human Resources, Marketing, Operations and Strategic Management, and new areas such as Data Science and Quantitative Finance. Students get to choose from 22 core and up to 55 elective courses, spanning these disciplines.”

Programme Fee for MBA
The programme fee payable for the 2-year MBA at IFMR GSB is Rs. 13.86 lakhs.

  • The fee is payable in four instalments
  • The fee covers tuition, books & materials, library membership, examination fees, software and IT charges. 
  • Living expenses will cost an extra Rs.1.6 lakhs per year.
  • Applicants are required to bring their own laptop to the institute.

IFMR GSB Placements 2020:
Recording high placements year after year, IFMR GSB Placements 2020 was a success with the highest salary being Rs.13.60 lakhs. The Average Salary in Placement 2020 has gone up to Rs.9.37 LPA from Rs.8.70 LPA last year.

Top recruiters at IFMR GSB Placement 2020 included Accenture, ANZ, Bank of America, Barclays, Citi, Credit Suisse, CRISIL, Deloitte, JP Morgan Chase, KPMG and Wells Fargo among others.

Sharing the placement trends at IFMR GSB, Prof Amit Das said, “All students of the 2018-20 cohort were placed with over 40 top-notch recruiters”. He added, “Over half of the 2019-21 batch has been placed as of end-November 2020.”

MBA Batch Profile at IFMR
The MBA 2020-22 batch size consists of 177 students. Sharing the profile of MBA 2020-22 batch, Prof Das said, “The class of 177 students representing over 20 states of India has 34% women, and a mix of undergraduate degrees (commerce, engineering and arts and sciences). A blend of fresh graduates and those with work experience adds vibrancy to classes and campus life.” The planned intake for the MBA 2021-23 batch is 180.

Application Form for MBA Batch 2021-23, IFMR GSB, Krea University

IFMR GSB: Notable Alumni
Some of the notable alumni include:

  • Ms. Deepti George: (Full-time PGDM, Class of 2008), currently Head of Policy at Dvara Research, Chennai) was selected in the Power List of "India's Top 100 Women in Finance - 2019".
  • Ms. Namitha Janardhan: (Full-time PGDM, Class of 2008, currently an AVP at Northern Arc Investments) was selected in the "Promising" category of the award at the 2nd annual “Women in Finance” Leadership Summit India 2019, organized by Association of International Wealth Management in India.
  • Ms Juhi Singh: (Full-time PGDM, Class of 2010), Digital Evangelist & Transformation Strategist, Marico Limited was honoured with '100 Most influential Global Youth Marketing Professional Award' by ZoomTV and Global Youth Marketing Congress 2019 in recognition of her work with brands like Myntra, Reliance Jio and Eduwiz.
  • Mr. Sairam Balasubramani: (Full-time PGDM, Class of 2017) won the first prize for his business idea and plan in the Startupedia-19 national level B-Plan pitch platform organized by Institute of Public Enterprise, Hyderabad for B-School students, working professionals and start-up enthusiasts.

Curricular & Pedagogic Initiatives at IFMR GSB
Sharing the key initiatives taken at IFMR GSB, Prof. Das said, “Optional workshops in data science (including R programming), fintech and legal aspects of business are offered to students. Independent study courses and industry projects allow students to customize their learning journey.”

The MBA programme at IFMR GSB is offered with a rich mix of theory and practice. It endeavours to shape business practices through inventive, sharp thinking and research.  The interwoven learning pedagogy at IFMR GSB is complemented with interdisciplinary co-teaching by the faculty, helping students develop a richer, multi-dimensional outlook.

How to Apply for Admission?
Application for Admissions to MBA 2021 at IFMR GSB should be submitted online. The application fee at IFMR GSB is Rs.1500/- and should be paid through Debit Card / Credit Card / Internet Banking. The Application form is available in IFMR GSB’s website. It is an applicant-friendly form. The payment of application fee is to be made online only after completion of the application form.

Application Form for MBA Batch 2021-23, IFMR GSB, Krea University

Two Application Rounds
The IFMR GSB application process is now a whole lot easier for the MBA admissions 2021. IFMR GSB will accept applications in two rounds – Round-1 and Round-2. A candidate with 0-36 months of work experience after graduation can apply in either round. Before you submit your application in either round, check for their respective timelines.

  • Round-1: Last Date to Apply- Feb 1, 2021
  • Round-2: Last Date to Apply-March 1, 2021

IFMR GSB MBA Admission 2021: Important Dates

Admission Process 2021 Activity Round-1 Round-2
Application Process Starts 26-Oct-20 26-Oct-20
Application Deadline 1-Feb-21 1-Mar-21
Release of Shortlist (for Selection Process) 17-Feb-21 17-Mar-21
PI-WAT Process February 27-28, 2021 March 27, 28, 29, 2021
Registration, Orientation & Preparatory Courses June 15-29, 2021 June 15-29, 2021
Programme Starts 1-Jul-21

IFMR GSB Admission Criteria 2021 consist of details on eligibility, admission process, and clarify on Do’s & Don’t’s on the admission process.

4 Stages to Fill Up IFMR GSB Application Form

IFMR GSB admission 2020 application form can be completed in four parts. You need to create a login, fill the application form, pay the application fee and upload the documents as required before hitting the submit button. Apart from filling in the application form, the applicant is required to upload mark sheets, certificates and other supporting documents in the application portal while applying for admission. The application fee (non-refundable) of INR 1,500/- is to be paid before submission of the application form.


IFMR GSB Admission Eligibility

  1. Applicants should have been born on/after 1st January 1994 and on/before 31st December 2001.
  2. IFMR GSB eligibility criteria require that the candidate must hold a bachelor's degree of minimum 3 years duration, with a consistently good academic record with 60% marks or equivalent CGPA in class 10, 12 and graduation.
  3. The candidate should be registered for CAT 2020/XAT 2021/CMAT 2021/NMAT 2020 or GMAT/GRE (GMAT & GRE (taken on / after 1st January 2018).
  4. If the candidate is awarded grades/CGPA instead of marks, the equivalence to determine PGDM admission eligibility would be based on the equivalence certified by the institution/university from where the bachelor's degree is obtained. In case the institution/university does not have any scheme for converting the CGPA into equivalent marks, the equivalence would be established by IFMR GSB by dividing the obtained CGPA by the maximum possible CGPA and multiplying the resultant by 100 to confirm the Admission eligibility of the candidate.
  5. A candidate appearing for the final year bachelor's degree/equivalent qualification examination and those who have completed the degree requirements and are awaiting results is also eligible to apply for IFMR GSB Admission 2021.
  6. It is mandatory for a final year student, who is provisionally considered eligible by IFMR GSB and offered admission, to submit the mark-sheet and degree certificate of the final year bachelor's degree examination by the date prescribed by IFMR GSB.
  7. Graduates of full-time degree course and candidates in the final year of the undergraduate degree can apply. Candidates from ODL (Open and Distance Learning) institutions are also eligible to apply as per the UGC policy and notification.
  8. Work experience is NOT mandatory, but those with work experience should have less than or equal to 3 years of experience as on 1st December 2020.

Application Form for MBA Batch 2021-23, IFMR GSB, Krea University

IFMR GSB Admission Criteria
IFMR GSB Admission Criteria include a two-step process involving the shortlisting criteria and final admission criteria based on entrance exam score and other key components apart from the entrance exam score:

1. IFMR GSB Shortlisting Criteria
The first part of IFMR GSB Admission criteria is the shortlisting criteria before the final selection round. IFMR GSB shortlists the candidates on the basis of following parameters:

  • While CAT/XAT/CMAT/NMAT percentiles or GRE/GMAT scores are an important component of the admission process, these are not the sole criteria for admission.
  • The admissions committee shortlists applicants for the selection process, taking into consideration the applicant’s past academic performance, entrance test scores, and a passion for excellence demonstrated even in non-academic areas such as sports (represented country, state or district/ University/ College/ School), Debate, Drama, Moot Court, NCC (but not NSS) volunteering, activism etc.(of a corresponding level). Those with a track record in these areas get a relaxation with regard to cut off scores, provided they are otherwise eligible and capable.
  • However, there is no exemption from the requirement of a valid score in at least one of CAT/XAT/CMAT/NMAT/GRE/GMAT regardless of any achievements.

IFMR GSB Cut-offs for Shortlisting
The following parameters are considered while screening the application to shortlist candidates for WAT and PI:

Academic Cut offs

Cut off & Eligibility Requirement
Class X Marks
Class XII Marks
Bachelor’s Degree Marks
Work Experience
Not Mandatory, but can be between 0-36 months

Source: IFMR GSB

MBA Entrance Exam Cut Offs

MBA Entrance Exam
Expected Cut off Percentile
CAT 2020
XAT 2021
NMAT 2020
CMAT 2021
GMAT (Taken after Jan 1, 2018)
GRE (Taken after Jan 1, 2018)

Source: IFMR GSB

2. Final Admission Selection Round Criteria

  • Post short-listing on the basis of all the parameters, applicants are called for the final selection round (PI-WAT Round)
  • All the shortlisted candidates are eligible to go through the final selection round by IFMR GSB 
  • The Final Selection process will be held in February and March 2021 for round-1 and 2 respectively
  • Final selection is based on exam score, PI, WAT score, academics, Work Experience, achievements among others.
  • Applicants can submit more than one entrance test score. IFMR GSB considers the best test score for shortlisting. 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 is evaluated against the respective cut-off and only your best performance is considered.

IFMR GSB Admission Process 2021
The selection process consists of Written Ability Test (WAT) followed by personal interview (PI). IFMR GSB has two rounds of admission for the MBA batch. IFMR GSB admits students with a proven calibre to perform. The admission process to the MBA 2021 programme is facilitated through a rigorous selection process which requires highly competitive CAT/XAT/CMAT/NMAT scores, performances in personal interview and other criteria.

Application Form for MBA Batch 2021-23, IFMR GSB, Krea University

Following steps are included in the IFMR GSB Admission process:

Step 1: Apply and appear in at least one of the entrance exams – CAT 2020; XAT 2021; CMAT 2021; NMAT 2020; GMAT/GRE (Taken after Jan 1, 2018)

Step 2: The candidate should apply to IFMR GSB online by using the application form. The application fee of Rs.1500/- can be paid online.

Step 3: Candidates are short-listed for Personal Interview (PI) and Written Ability Test (WAT) round from among the eligible candidates who have a valid entrance exam score, good academics and qualify on other parameters and have applied to the programme of IFMR GSB. 

The PI-WAT process will be conducted in the months of February/March 2021.

Step 4: After the PI round, admission offers are made by IFMR GSB to successful candidates. The final selection is based on a diverse set of attributes which includes performance in the entrance exam, performance in PI round, academics, Work Experience among others.

Step 5: Final Admission Offer will be made to the candidates in April 2021 on the basis of Final Score arrived after awarding the weightage scores on all the components.

Stay tuned to for more updates on IFMR Graduate School of Business at KREA University