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