Introduction:
The IFMR- Institute of Financial Management and Research, one of the best business schools is sited in Chennai, Tamil Nadu. It was established in 1970 as a non- profit organization. IFMR was sponsored by the House of Kotharis, ICICI, and other chief industrial groups. During 2018, IFMR was ranked No. 34 by the NIRF- National Institutional Ranking Framework. It has various facilities for the faculties and students with Wi-Fi and a 3, 00,000 sq.ft large campus in 40 acres. The vision of IFMR is to offer elite management education to prepare the students to be ethically stranded, to be highly talented in integrated reasoning and to become successful organizers of enterprises.
Courses offered in IMFR, Chennai
- Post-Graduate Diploma in Management
- Post Graduate Diploma in Management (Working Executives)
- Post –Graduate Certificate in Business Analytics and Big Data
Institute of Financial Management and Research has the most excellent faculty members. Most of the faculty members have PhDs from renowned institutions in India and the United States. The faculties of IFMR have worked with both International and National organizations. Students are also engaged in these projects, guaranteeing continuous interaction with industry throughout their study period.
The Institute of Financial Management and Research, located in Nungambakkam, Chennai, CMI has a Memorandum of Understanding with IFMR. Direct admission to IFMR’s one-year programme in Financial Mathematics, which is sponsored by ICICI Bank are offered to students from CMI getting a CGPA of more than 8.50. CMI Faculty are involved in teaching this programme. CMI gets its Economics professor from IFMR, in exchange.
- Post- Graduate Diploma in Management:
- Overview: IFMR offers the PGDM program for the duration of 2 years and it is approved by AICTE. PGDM includes 22 and 55 core and elective courses respectively. IFMR offers Banking, Financial Engineering, Financial Services & Insurance, Human Resources, Marketing, and Business Analytics as its unique specializations.
- Admission and Fee Structure:
- Eligibility criteria: The candidates must have a Bachelor’s degree with a minimum of 50% marks or its equivalent in any discipline and also should have a regular academic background during their class 10 & 12 and their graduation too.
- Fee structure: The fee structure for PGDM in IFMR is Rs. 12 lakh.
- Course Duration: The PGDM course duration is for 2 years.
- Selection Process: The candidates must have appeared for any of the entrance exams such as XAT/ CAT/ CMAT/ GMAT and GRE. Also, the past three years’ scores of the mentioned exams are considered to be valid. On the basis of the candidates’ Written Ability Test (WAT), Personal Interview (PI) performance and academic merit, the selection will be done by the authorities.
Even though if the candidates score a little low percentile in the entrance exams, their excellence in quality work experience, academic profile and achievements will provide fair chances for the admission into IFMR. The PI- WAT round will have a weight-age of 25% in the selection process.
- Previous years cut-off:
| Entrance exams | Expected cut-off |
| XAT 2018 | 80 |
| CAT 2017 | 80 |
| GRE | Verbal aptitude 153 on a new scale
Quantitative aptitude 160 on a new scale |
| CMAT 2018 | 90 |
| GMAT | Verbal aptitude 30 on a scale of 60
Quantitative aptitude 49 on a scale of 60 |
- Placements:
IFMR holds a 100 per cent placement record ever since the commencement of the PGDM course. In order to add their academic capital, an increasing number of corporate has been visiting the IFMR campus.
Following is the 2017 placement record for the IFMR:
| Year | List of companies visited | Highest salary package | Average salary package |
| 2017 | Accenture, Aviva Life Insurance, Amba Research, Astra Zeneca, Barclays, CRISIL, Cognizant, Deloitte, Genpact, Flextronics, HCL Technologies, IFMR Capital, ICICI Bank, Latent View, Morgan Chase, Orient Cements, SBI Capital Markets Limited, Wipro, Shell etc. | 14.50 lakh per annum | 8.60 lakh per annum |
- Post-Graduate Diploma in Management (Working Executives):
- Overview: PGDM Working Executives is a part-time 3 years course. The specializations offered for this course are Finance, Information Systems, Human Resource, Strategy, and General Management, Data Sciences, Information Systems and Operations, and BFSI. PGDM WE are a course approved by AICTE.
- Admission and Fee structure:
- Eligibility criteria: The candidates must have a Bachelor’s degree with a minimum of 50% marks or its equivalent in any discipline and also should have a regular academic background during their class 10 & 12 and their graduation too.
- Fee structure: The fee structure for PGDM WE in IFMR is Rs. 12 lakh.
- Course Duration: The PGDM course duration is for 3 years.
- Selection Process: The candidates after applying for the course should need to appear for the Written Ability Test (WAT) which will be conducted by the IFMR authorities. The selected candidates, based on the scores of WAT, will be called for Personal Interview (PI). On the basis of academic performance of the candidates, WAT, PI performance, work and extracurricular activities, the final selection of the candidates for the course will be made.
- Placements: The course has a 100% placement track record. The recruiters who visited the campus for recruiting the candidates are Accenture, AVIVA, Barclays Capital, HSBC, ICICI, Infosys, JP Morgan Chase, Vedanta, Wipro, Vodafone etc.
- Post-Graduate Certificate in Business Analytics and Big Data:
The course is provided in alliance with IBM. IFMR has been ranked in the top ten data analytics programs in India. - Admission Process and Fee Structure:
- Eligibility criteria: The candidates must have completed their 12th standard successfully. The candidates can have a Bachelor’s degree with a minimum mark or its equivalent in any discipline as an additional qualification. In order to join the course, the candidates must have learned Mathematics as a mandatory subject.
- Fee structure: The fee structure for PGDM WE in IFMR is Rs. 2.50 lakh.
- Course Duration: The Post-Graduate Certificate in Business Analytics and Big Data is a part-time course for the duration is for 11months.
- Selection Process: The candidates after applying for the course should need to appear for the Written Ability Test (WAT) which will be conducted by the IFMR authorities. The selected candidates, based on the scores of WAT, will be called for Personal Interview (PI). On the basis of academic performance of the candidates, WAT, PI performance, work and extracurricular activities, the final selection of the candidates for the course will be made.
- Placements: The recruiters who visited the campus for recruiting the candidates are Accenture, AVIVA, Barclays Capital, HSBC, ICICI, Infosys, JP Morgan Chase, Vedanta, Wipro, Vodafone etc.