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Is IFMR, CHENNAI worth the fees of 14 lakh for MBA for a b.com fresher who is going to finance it through education loan?

NS
Nishant Suri Posted On : March 20th, 2021
M.B.A. from Institute for Financial Management and Research, Chennai (2018)

Yes, you should definitely consider going here and it will be worth the loans and finances you invest into this college. One of my friends has taken admission in IFMR through an education loan. He says the institute is totally worth it. The amount you invest in your education will not only depend on the return on investment but also on growth opportunities.

  • At IFMR, you will see a mix of extensive and rigorous study but great packages and good opportunities. 
  • Once you enter the college, you will realize why the fees demanded from students are so high. 
  • From my knowledge, the place is a nonprofit organization. This means, you will get what you pay. 
  • It has great hostels, faculty, and a mess with all-around growth even if you are a lazy student.

Both placements and the packages offered here are very good. It has a 100% placement record since the college began 40+ years ago. In the 2020 placement drive, the highest CTC offered was INR 13.6 LPA with an average CTC of INR 9.37 LPA. Some of the top recruiters include JP Morgan and Chase, Deloitte, Cognizant, and HDFC Bank.

Now since you are specifically talking about a loan, let me assure you that you can come to IFMR without any hesitation. This college has excellent placements and growth opportunities in market-leading MNCs and you will definitely be able to cover your education loan. In the long run, you will able to make money hands over fists. Your return on investment will be good.

From what you can see above, the packages offered at IFMR match industry standards as well. Therefore, you clearly don’t have to worry. It is value for money and you can take an education loan without worries.

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What is the best option among: TAPMI, IFMR, Great Lakes Gurgaon 1 year PGPM?

ND
Nimitya Dutt Posted On : March 20th, 2023
Worked at the Great Lakes Institute of Management (India)

 Remember that the quality of education should be consistent across all institutions. Keep in mind that the MBA program emphasizes teamwork and a unique approach to learning that may differ from traditional education.

  • Consider the financial aspect of pursuing an MBA, as the return on investment (ROI) is crucial. If you plan to take out a loan to finance your education, keep in mind that a significant portion of your salary may go toward paying off your debt. Additionally, the average salary package may include variable pay, meaning you may receive less money than expected.
  • Think about the turnaround time for completing your degree. Some institutions, such as GLIM, offer a one-year PGPM course, which means you can start earning and paying bills sooner than those who opt for a longer program. This can also give you a head start in terms of gaining work experience and building your bank balance.
  • Consider the brand value of the institution you choose to attend. While brand value is important, particularly when seeking employment, it may not hold as much weight in the long term. Ultimately, your achievements and experience will be more important than where you earned your degree.

In the end, it's up to you to determine the best approach for your career. Keep in mind that the right balance of ROI, turnaround time, and brand value will depend on your personal circumstances. For example, if you have the financial means, ROI may not be a priority, while if you're just starting out, turnaround time may be more important than brand value.

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What are the cutoffs required for PGDM in TAPMI, IFMR, LIBA? (Please mention separate cutoffs for different entrances)

BG
Bidita Ghose Posted On : May 17th, 2023
Lives in Bengaluru, Karnataka, India

The actual cutoff at which you can secure your seat at these institutes is as follows:

  • For TAPMI you have to score 85+ in both CAT/XAT exams.
  • For IFMR you have to score 85+ in both CAT/XAT, in CMAT you have to score 90+ and 300+ in GRE.
  • For LIBA Chennai, you have to score 80+ in CAT/XAT.
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Which course is better, an MSc. in finance from Jamnalal Bajaj Institute of Management, Mumbai, or NMIMS, Mumbai or MSc. in financial engineering from IFMR, Chennai?

AK
Apoorva Katnik Posted On : March 14th, 2023
MBA from NMIMS,Mumbai

 If you are considering pursuing a Master of Science (M Sc) degree from NMIMS, it is important to do some further research on the recognition of the degree. However, an MBA from their Mumbai campus can be a good option to consider.

On the other hand, IFMR offers only MBA and Ph.D. programs, so it is not possible to pursue an M.Sc from there. As for JBIMS, it is the most prestigious institution in Mumbai, but there have been some concerns raised about the accuracy of their placement salary data. Additionally, the selection process for their M Sc course is quite competitive, with only 30 seats available for the program and a large number of candidates competing for those spots.

Considering your interest in finance, it would be beneficial to aim for admission to a top-notch business school like XLRI, which is renowned for its finance program. Another option would be to gain experience in the industry and pursue a finance course such as CFA or FRM, which would make you eligible for admission to world-renowned business schools such as the Indian School of Business.

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Is IFMR Chennai worth it?

NJ
Neha Juyal Posted On : June 24th, 2021
Studied at Asian College of Journalism, Chennai (2019)

One of my friends studied at IFMR Global Business School. They have a campus in a Special Economic Zone that's situated 70 kilometers north of Chennai.

  • The MBA program lasts for two years and consists of six semesters. In addition, a 2-month internship is required in between the 3rd and 4th semesters.
  • The facilities offered are a Well stocked library, well-established mentoring scheme, Trading floor, opportunities to learn and earn via live projects, and research collaborations with MIT and Harvard.
  • The faculty at IFMR GSB are among the most educated in the country. Most of them are having Ph.D. from top universities.

The following table shows the placement statistics of the institute:

Categories

IFMR Chennai

Course Fee

13.86 lakh

Highest CTC

14 LPA

Average CTC

9 LPA

Recruiting Companies

Federal Bank, Deloitte, EY, JP Morgan, etc.

They have a diverse culture. It is worth it to join IFMR Chennai. You won't regret your decision if you join IFMR Chennai. If you like the idea of networking with people in the financial industry, then it's a good idea to join IFMR Chennai.

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Of the two, TAPMI and IFMR, which one is better for PGDM Finance?

DK
Divya Kaur Posted On : April 29th, 2023
Studied PGDM from T. A. Pai Management Institute (2011)

TAPMI is better than IFMR, both the highest and the average packages are better in TAPMI. Below is a table comparing the two on different and important aspects; 

Parameters

TAPMI

IFMR

Location

Manipal, Karnataka, India

Sri City, Andhra Pradesh, India

Ranking

NIRF #38 out of 125 in India 2022

NIRF #60 out of 125 in India 2022

Accreditation

AACSB, AMBA, and NBA

AMBA and NBA

Fees

INR 16.25 lakhs

INR 14.56 LPA

Highest salary package

INR 22.3 LPA

INR 20 LPA

Average salary package

INR 15.7 LPA

INR 13 LPA

Student Diversity

Over 27 states represented

Over 20 states represented

Top Recruiters

EY, HDFC Bank, HSBC Bank, Tata Capital

Deloitte, Barclays, Tata International, SBI Capital

It is subjective, so it all depends on your goals and preferences. Hope it helps, Choose wisely.

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Which one is better for MBA, IBS Hyderabad, K J Somaiya, or IFMR?

S
Sagardeep Posted On : February 24th, 2023
MBA from Institute for Financial Management and Research, Chennai (IFMR)

IFMR GSB and KJS are both highly esteemed institutions within the Indian B-school league better than IBS Hyderabad for MBA. Both institutions offer a comprehensive curriculum and opportunities for students to enhance their skills and knowledge in the field of management.

IFMR GSB has a strong focus on research and has numerous partnerships with leading international business schools, which allows for exchange programs and global exposure for its students. In addition, the college has a strong alumni network and provides opportunities for internships and placements with some of the top companies in the industry.

On the other hand, KJS has a well-established reputation for its innovative teaching methods and experienced faculty. The college also provides a range of extracurricular activities, sports facilities, and leadership programs to help students develop a well-rounded personality.

Ultimately, both institutions have their own unique strengths and offer high-quality education in the field of management. It is important to consider your personal interests, career goals, and priorities when choosing between the two colleges. It is also advisable to visit the campus, meet with current students and faculty, and attend information sessions to get a better understanding of the learning environment and culture at each institution.

It is important to note that IFMR GSB is no longer solely a finance-focused college. The institution has evolved into a comprehensive B-school that offers a range of specializations, including marketing, operations, data sciences, financial engineering, and human resources. IFMR GSB is one of the few MBA programs in the country that offers financial engineering as a specialization. The operations program also provides students with valuable hands-on experience through industrial visits to some of the world's leading multinational corporations.

Finally, the human resources program at IFMR GSB has gained momentum in recent years and offers a diverse curriculum that includes courses in team management, psychology, and self-development. The faculty in this program are among the most respected and experienced in the field.

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How is XIMB when compared to other universities like TAPMI, GIM, IMI, and IFMR?

GS
Gaurav Sharma Posted On : May 26th, 2023
studied at Xavier School of Management

Xavier Institute of Management (XIMB), T. A. Pai Management Institute (TAPMI), Goa Institute of Management (GIM), International Management Institute (IMI), and Institute for Financial Management and Research (IFMR) are well-known Indian B-Schools offering MBA training.

Academics, industry links, and placement make XIMB one of India's top B-Schools. Its competent instructors, modern facilities, and rigorous curriculum prepare students for corporate success. XIMB encourages ethics and social responsibility.

Another top Indian B-School, TAPMI, focuses on innovation, entrepreneurship, and sustainability. Its industrial network and student placements are excellent. TAPMI accepts international students.

GIM, another renowned Indian B-School. Executive and part-time MBAs are offered. GIM encourages experiential learning and commercial issue-solving.

Indian B-School IMI is renowned for its academics and industry connections. Executive and part-time MBAs are offered. IMI students are diverse and well-placed.

IFMR, a top Indian B-School, emphasizes finance and analytics. Executive and part-time MBAs are offered. IFMR students have outstanding job prospects due to experienced instructors and a strong industry network.

These B-Schools have excellent MBA curricula. Career, hobbies, and priorities determine your school. Consider curriculum, faculty, infrastructure, placement possibilities, and alumni network before picking a school.

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How good is IFMR Chennai for MBA ? (selected for 20-22)

RB
Ranjeet Bhatia Posted On : January 19th, 2021
MBA from Institute for Financial Management and Research, Chennai

The government of Andhra Pradesh had recognized IFMRR GSB as a State Private University in May 2017. My sister is a past-student of IFMR and this is the information she has conveyed to me: 

  • IFMR GSB has been offering PGDM program since 2000 at the Chennai campus.
  • It was established in 1970 as a not-for-profit society.
  • The institute was set up to offer research-based inputs to the industries and the government in the field of finance and economics.
  • IFMR GSB has been accredited by the South Asian Quality Assurance System (SAQS) since December 2017.

PGDM in IFMR

  • IFMR GSB had already delivered around 17 batches of students in PGDM since the establishment of the institution.
  • The first batch of MBA had graduated in the year 2019. IFMR GSB has been offering two-year postgraduate programs i.e. Masters in Business Administration under KREA University
  • IFMR is one of the leading Business Schools in India for MBA in Finance, Quantitative Finance. IFMR GSB is also one of the few B Schools in India that offers a 2-year full-time MBA program in Data Science.
  • It offers a two-year program in 22 core and about 55 elective courses across various disciplines.
  • Specializations such as Finance, Marketing, IT, Operations, HR, and Strategic Management, with some unique additional specializations in Banking Financial Services and Insurance (BFSI), Quantitative Finance & Data Sciences (Business Analytics) are provided by this college.
  • IFMR Graduate School of Business (GSB) is inviting applications for its two-year Masters in Business Administration Program for the batch 2021-23.

The placement report for the MBA Batch 2018-20 has been very impressive.

Highest placement offered

INR 13.6 LPA

Average CTC

INR 9.4 LPA

Fees

113.45 Lakhs

The top Recruiters included Bank of America, Barclays, CITI, Credit Suisse, CRISIL, E & Y, Deloitte USI, KPMG, Accenture, HCL, Genpact, Schneider Electric, and many others. Overall, IFMR Chennai is a good option to go for.

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Which one should I choose for PGDM between GLIM, GIM, FORE, LIBA, NIBM, IFMR and IIFM, Bhopal? And why? I already have calls from GLIM, GIM, FORE and accepting calls from others also.

NP
Nivedita Paul Posted On : March 16th, 2022
lives in New Delhi

GLIM, GIM, FORE, and LIBA offer general MBAs. So, you can your preferred specialization during your second year. This will give you a lot of freedom in terms of choosing your industry and job profile. All of these are good options. FORE has a great industry interface. Located in Delhi/NCR, it also enjoys a locational advantage. 

Your preference order for these four B-School should be - FORE=GIM>GLIM>LIBA. 

NIBM is a sectoral B-School, so choose it only if you are interested in joining the banking sector. Though IIFM isn’t a sectoral B-School, it is only known for its finance specialization. It is also rated below FORE, GIM, GLIM, and LIBA. 

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