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Questions Asked On IFMR GSB, Sri City
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?
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.
What is the best option among: TAPMI, IFMR, Great Lakes Gurgaon 1 year PGPM?
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.
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?
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.
Is IFMR Chennai worth it?
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.
Which one is better for MBA, IBS Hyderabad, K J Somaiya, or 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.
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.
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.
Which one is a better B-school? IFMR Chennai or IMT Hyderabad?
Out of these two, IFMR Chennai is better. It is especially good for Finance specialization. BFSI, IT, and Consulting are the major sectors recruiting through the campus drive. During IFMR Chennai placement 2022, students received the highest CTC of INR 18 LPA. Deloitte, KPMG, PwC are some of the top recruiters for the institute.
Which one is better, IFMR OR NIBM?
National Institute of Bank Management (NIBM) is among India's reputed business schools ranking 88th in the 'Top B Schools of India' list. On the other hand, the Institute for Financial Management and Research (IFMR) is also one of the leading business schools which has been ranked 23 in the 'Top Management Colleges of South Zone' and 53rd under Management Category by NIRF.
The table given below shows a brief overview of both institutions:
|
Particulars |
NIBM |
IFMR |
|
Ranking |
88th |
47 |
|
Fees |
1.2 Lakhs |
16.77 Lakhs |
|
Highest Package |
18.8 LPA |
13.6 LPA |
|
Average Package |
8.70 LPA |
10.8LPA. |
|
Placement Rate |
100% |
99% |
Admission Procedure:
NIBM:
- Candidates are selected based on CAT, XAT(80%), CMAT(95%) scores, followed by writing tests and interviews.
- The seat intake is around 120 seats
- The course fee for PGDM is 3.75LPA + 29K (Hostel Charges per annum).
IFMR:
- Candidates should be from the full degree course and must have 60% marks aggregate in their 10+2 and Undergraduate.
- Work Experience is not mandatory.
- Candidates are shortlisted based on scores of CAT, XAT, CMAT, GRE, GMAT.
- The basic fee for MBA in IFMR is in total 17Lakhs, including all living expenses.
Infrastructure :
NIBM:
- The campus is centrally air-conditioned and speeds wi-fi service.
- Cultural festivals are conducted every year.
- Poses Auditorium, IT equipped laboratories and digital library.
- Girl's Residentials are fully furnished with strong security 24X 7.
IFMR:
- IFMR has lush green, environment-friendly, and Wi-Fi enabled campus.
- It also has digitized AC classrooms.
- The hostels are fully furnished with an attached bathroom and geyser.
- Convenient Access to the library, hospitals, stores, etc.
Placements:
NIBM:
- NIBM assures 100% placement.
- The highest package calculated is around INR 18.8 LPA
- INR 8.70 LPA is the estimated average package in NIBM.
- Axis Bank, Deloitte, Federal Bank, State Bank of India, HDFC Bank are some of the prominent recruiters of NIBM.
IFMR:
- IFMR ensures 99% placements for its students.
- INR 13.6 LPA records to be the highest package.
- The average package in IFMR is INR 10.8LPA.
- Maximum students get placed under Finance, Marketing, Financial Engineering, HR, General Management, and Operations.
Both colleges are pretty good with decent placement percentages. In terms of package and fee structure, NIBM gets pretty good package offers and is relatively cheaper than IFMR.
How is IFMR chennai for PGDM? Is it an underestimated college?
Institution for Financial Management and Research Chennai is a well reputable management college in India. Founded in 1970, IFMR is affiliated to Krea University. The institute has been ranked at 53 among top management colleges in India by NIRF. Given below is an overview of the PGDM program offered by IFMR.
|
Specializations |
7 |
|
Entrance exam |
CAT, XAT, CMAT or GRE/GMAT |
|
CAT percentile |
80 |
|
Selection |
Personal Interview |
|
Intake |
175 |
|
Fee structure |
13.2 lakhs |
|
Highest placement offered |
18 LPA |
|
Average placement offered |
9 LPA |
|
Companies recruiting |
Wipro, Accenture, Vodafone, HDFC Bank, Kotak, etc |
IFMR Chennai offers a rigorous 2-year long PGDM program with a strong foundation in Finance. On completion of the course, students get placement offers in various job roles like consultants, analysts, and managers in reputed MNCs.
The required CAT cutoff, ranking, average CTC suggest the current position of the institute is justified.
Which one should I join, GLIM Chennai (PGDM) or IFMR Chennai?
Institution for Financial Management and Research Chennai and Great Lakes Institute of Management Chennai are both reputable colleges of Chennai. GLIM Chennai is ranked 23 for MBA by NIRF 2020. Whereas IFMR Chennai is ranked 53 for the same by NIRF 2020.
GLIM Chennai PGDM:
Admission: It offers 6 specializations for PGDM and all the courses are AICTE and AMBA approved. The total intake for PGDM programs is 180.
- In order to get admission a Bachelor's degree in any stream from a recognized institution is a must.
- Candidates who have more than 24 months of work experience are eligible to apply.
- It accepts CAT, XAT, CMAT scores for admission.
The total course fee is 11.91 lakhs. GLIM Chennai does not provide any scholarships, but they provide certain banks who grant student loans.
Placements: According to the placement statistics of 2020, 98% of students were placed.
- The highest salary offered was21.5 LPA, while the average salary offered was around 10.4 LPA
- Some of the top recruiters at the institute areDeloitte, Flipkart, Amazon, Swiggy, etc.
Facilities:
The campus is a residential campus with hostel facilities such as washing machines, twin sharing bedrooms, libraries, laboratories, clubs and societies, and cafeterias as well as ATM machines are available on campus.
IFMR Chennai:
Admission: It offers 7 specializations for MBA. The total student intake is 180.
- Good academic performance (such as above 60%) in class X, Class XII, and Graduation is required for admission.
- Work experience is not mandatory, however, working professionals should have a minimum of 3 years’ experience.
- The institute accepts CAT, XAT, CMAT, or GRE/GMAT scores. It also conducts WAT and PI for final selection.
The total fee is 13.20 lakhs approximately.
Scholarships: Based on how a student performs, they are granted Merit-based scholarships at IFMR. Students with the first rank get a scholarship of INR 2 Lakhs and the next 3 students get 1 lakh each.
Placements: The university has a 100% placement rate since its establishment.
- According to the placement highlights of 2020 the highest CTC offered was 18 LPA and the average CTC was recorded around 9 LPA.
- Some of the major recruiters at the institute are Wipro, Accenture, Vodafone, HDFC bank, Kotak, etc.
Facilities:
The university has facilities such as air-conditioned classrooms, labs, library, ATM laundrettes, and dedicated TV rooms.
- The university is a residential campus with hostel rooms on the basis of twin sharing, which have both bath and geyser attached as well.
- In terms of foods, there is a mess provided with an Indian fast food outlet and also has shops with essential items.
- The university also has a water body, where the students can relax and stroll and as well as various courts for respective sports.
GLIM Chennai has significantly subordinate fees as compared to IFMR Chennai, however, it is conclusively up to the candidate to select their preferable institution.
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