IFMR MBA Course & Fee Structure
The IFMR Chennai, also known as IFMR Graduate School of Business (IFMR GSB), offers various courses with different fee structures. One prominent program is the IFMR MBA. IFMR Graduate School of Business, often referred to as IFMR GSB, provides comprehensive details about its courses and fee structures on its official website.
Course Eligibility Requirements
Eligibility Criteria for MBA 2025-27
| S.No | Parameter | Eligibility Criteria |
|---|---|---|
| 1 | Date of Birth | Born on or after January 1, 1998 |
| 2 | Class X | Minimum 60%* |
| 3 | Class XII | Minimum 60%* |
| 4 | Undergraduate Degree (UG) | Minimum 60%* |
| 5 | Work Experience | Fresh graduates and candidates with work experience are eligible. Only full-time work experience of up to 36 months will be considered during the application evaluation. |
| 6 | Competitive Exams | |
| CAT (2023 & 2024) | 75 percentile | |
| XAT (2024 & 2025) | 80 percentile | |
| NMAT (Oct 2024 – Feb 2025) | 222 score | |
| CMAT (2025) | TBA | |
| GMAT (2023, 2024, 2025) | 650 score | |
| GRE (2023, 2024, 2025) | 310 score | |
| GATE (2024 & 2025) | Qualified (Engineering subjects) | |
| IIT-JAM (2024 & 2025) | Qualified (Maths and Statistics) |
*Note: Scores include all subjects.
Timeline for MBA 2025-27
| Name of the Process | Tentative Timelines for MBA 2025-27 | |
| S.NO | Description | Timeline * |
| 1 | Application opens | Friday, 04 Oct 2024 |
| 2 | Application closes | Friday, 28-Feb-2025 |
| 4 | Interview dates* | Please refer to the table below |
| 5 | Announcement of results by | Friday, 04-Apr-2025 |
| 6 | Acceptance Fee to be paid | Friday, 11-Apr-2025 |
| 7 | Registration, orientation and classes begin |
First week of July, 202 |
* Online interviews have been transitioned to In-person interviews. You can make your preferred selection in the application form.
| Date | City |
| 08-Mar | Chennai |
| 15-Mar | Kochi |
| 20-Mar | Bangalore |
| 21-Mar | Hyderabad |
| 21-Mar | Delhi |
| 22-Mar | Jaipur |
| 22-Mar | Nagpur |
| 23-Mar | Lucknow |
| 23-Mar | Kolkata |
| 24-Mar | Guwahati |
| 25-Mar | Patna |
| 27-Mar | Bhubaneswar |
| 28-Mar | Indore |
| 29-Mar | Mumbai |
| 30-Mar | Pune |
* IFMR GSB reserves the right to modify the above schedule
Competitive Exam Exemption for Eligible Applicants:
IFMR GSB offers an exemption from competitive exam scores for applicants who have secured top ranks in leading educational institutions. Applicants ranked within the top 20 at universities or institutes recognized by the NIRF (National Institutional Ranking Framework) in the overall or university rankings are exempt from submitting exam scores. Supporting documents confirming the university ranking must be provided.
Additional Details:
- Graduates or final-year students of full-time undergraduate degree programs can apply.
- Students from Open and Distance Learning (ODL) institutions are eligible, per UGC guidelines.
- Applicants must submit valid scores from one or more of the accepted competitive exams. The highest score among the submitted exams will be considered if it meets the cutoff.
- Work experience is not required. Fresh graduates and those with up to 36 months of full-time work experience are eligible.
Fee Structure and Payment Schedule for MBA Batch 2024-26
The tuition fee for the 2024-26 MBA program is INR 14,56,000 (Rupees fourteen lakhs and fifty-six thousand). This amount excludes living expenses and alumni fees, which are listed separately below. Notably, there has been no increase in the tuition fee for this batch, as it remains the same as the previous year. The breakdown of other fees and the payment schedule is provided below:
IFMR GSB Integrated MBA (BBA + MBA Integrated Programme)
IFMR GSB offers a five-year integrated Management program, blending IFMR’s five decades of business education expertise with Krea University’s innovative liberal education approach. Upon completing three years, students earn a BBA degree, and after five years, they receive an Integrated MBA.
This program is thoughtfully designed to instill values, foster essential skills, and build a strong knowledge base for aspiring entrepreneurs and business leaders.
Students have the flexibility to exit the program at various stages:
- Exit after three years with a BBA degree
- Exit after four years with a BBA Honours degree
- Complete five years to earn an Integrated MBA degree
Additionally, students can choose to take a year-long sabbatical between the BBA and MBA to gain industry experience, work in family businesses, or pursue entrepreneurial ventures.
Eligibility
- Applicants must be born on or after January 1, 2004.
- Applicants should have passed Class X or an equivalent examination with at least 60% overall performance.
- Applicants must have passed Class XII or an equivalent examination with a minimum of 60% overall performance.
- Candidates expecting to complete Class XII or its equivalent by the end of June 2024 are eligible to apply.
- The medium of instruction in Class XII or its equivalent should be English.
- Applicants must submit test scores from IPMAT, SAT, or the Krea Aptitude Test, with test dates occurring within the calendar years 2023 or 2024.
Selection Process
- Candidates will be selected based on their scores from the IPMAT, SAT, or Krea Aptitude Test, as well as online personal interviews.
- Personal interviews will evaluate candidates’ alignment with the program’s objectives.
- A merit list will be prepared based on overall performance and any feedback from the interview panel.
- Admission offers will be made subject to the number of available seats.
- You can view the application checklist here.
- You can access a sample Krea Aptitude Test here.
Integrated MBA – Important Dates
| Round | Entrance Exam | Application deadline | KREA Aptitude Test | Personal interview | Admissions Decisions | Last date for acceptance | |
| From | Early | KAT, SAT or IPMAT 2024 | Friday, 6 December, 2024 | Monday, 16 December, 2024 | Monday, 13 January, 2025 | Monday, 3 February, 2025 | Monday, 24 February, 2025 |
| To | Friday, 20 December, 2024 | Friday, 24 January, 2025 | |||||
| From | Regular | KAT, SAT or IPMAT 2024 | Friday, 28 March, 2025 | Monday, 7 April, 2025 | Monday, 21 April, 2025 | Monday, 12 May, 2025 | Monday, 26 May, 2025 |
| To | Friday, 11 April, 2025 | Friday, 2 May, 2025 | |||||
| From | Express | only IPMAT 2025 | Friday, 13 June, 2025 | Not Applicable | Monday, 16 June, 2025 | Monday, 23 June, 2025 | Monday, 30 June, 2025 |
| To | Friday, 20 June, 2025 |
Fees Structure & Schedule
- The tuition fee for the first three years is INR 5 lakhs per annum.
- After three years, the tuition fee for the MBA program will apply, amounting to INR 7.28 lakhs per annum, which is subject to revision.
- Current living expenses are estimated at INR 2 lakhs per annum.
- Living expenses are also subject to revision based on inflation and any changes in the scope of services.
Fee Structure & Schedule
| Component of Academic Fees | Amount (INR) | Payment Due Date |
|---|---|---|
| Admission Acceptance Fee | 25,000 | Two weeks from the admission offer date |
| Part 1 of First Instalment Fees | 75,000 | Three weeks from the admission offer date |
| Part 2 of First Instalment Fees | 1,20,000 | Four weeks from the admission offer date |
| Caution Deposit^^ | 50,000 | July 10, 2024 |
| BBA Program Commencement | July 15, 2024 | |
| Second Instalment Fees | 1,60,000 | September 1, 2024 |
| Third Instalment Fees | 1,60,000 | December 1, 2024 |
| Fourth Instalment Fees | 1,60,000 | June 1, 2025 |
| Fifth Instalment Fees | 1,60,000 | September 1, 2025 |
| Sixth Instalment Fees | 1,60,000 | December 1, 2025 |
| Seventh Instalment Fees | 1,60,000 | June 1, 2026 |
| Eighth Instalment Fees | 1,60,000 | September 1, 2026 |
| Ninth Instalment Fees | 1,60,000 | December 1, 2026 |
| Alumni Fee | 5,000 | December 1, 2026 |
*Note: The caution deposit of INR 50,000 will be refunded upon graduation from IFMR GSB, Krea University, or upon withdrawal of admission, subject to any recoveries pending from the student.
Living Expenses
- Estimated at INR 2,00,000 per annum (subject to annual revision).
- Living expenses include monthly laundry costs up to INR 500; any additional costs will be charged separately.
Payment Schedule for Living Expenses:
- Academic Year 2024-25: Due on or before July 10, 2024
- Academic Year 2025-26: Due on or before June 30, 2025
- Academic Year 2026-27: Due on or before June 30, 2026
Disclaimer: This fee structure is applicable to the Cohort of 2024-2029. An updated fee structure for the incoming batch will be released soon.
Specialisation Courses – In Year 3
In the third year, students get to pick a specialisation* among
- Business Management
- Entrepreneurship
- Managing Family Business
- Business Journalism
*After picking the specialisation, students will get to learn 6 courses pertaining to this specialisation.
Courses Offered:
On the context of business
- Creation of Value and Wealth
- Multiple Stakeholder Approach to Business
- Taxation and the Role(s) of the Government
- Law for Business Studies
In appreciation of science and technology
- Introduction to Materials and their Properties
- Manufacturing Methods
- Environmental Studies – The Science
On business analytics
- Data Visualisation and Interpretation with MS Excel
- Programming with Python
- Application Software (BI, CRM, Workflow)
- Data Science – the tools and techniques
On attitude and values
- Conversational Skills in Modern Indian Language
- Creativity and Lateral Thinking
- Ethics & Personal Values
- Professional Values & Business Strategy
Specialisation Streams
Career Business Management
- Trading in Markets
- Navigating Hierarchies, and Networks
- Evolution of Management Thought
- Career Landscape Project
Family Business Management
- Managing the Family Business and the Business Family
- Learning from Indian Business Communities
- Family Business Project
Entrepreneurship
- Identify and quantify business opportunities
- Develop and evaluate alternative approaches to produce, serve and deliver
- Critical success factors for entrepreneurs
- Entrepreneurship project
Business Journalism
- Introduction to news media
- Reporting on business and the economy
- Legal aspects of reporting
- Business journalism project