IFMR Graduate school of Business KREA University (IFMR GSB) Sricity Andhra Pradesh - Other Answered Questions

IFMR Chennai, the tuition fee for its full-time MBA programme is INR 14,56,000. The total fee for the PGDM programme at GLIM Chennai is INR 11.91 lakhs. In terms of scholarships, IFMR Chennai offers merit-based scholarships, with students with the first rank receiving a scholarship of INR 2 lakhs, and the next three students receiving INR 1 Lacs each. GLIM Chennai does not provide any scholarships, but they have partnered with certain banks that grant student loans. Regarding placements, IFMR Chennai has a 100% placement rateIFMR Chennai seems to have a higher tuition fee for its MBA programme compared to GLIM Gurgaon's PGDM program. However, IFMR Chennai offers merit-based scholarships, while GLIM Gurgaon does not. The choice between the two institutions ultimately depends on the candidate's preferences and the specific programme they are interested in pursuing.

The fee for the MBA course at IFMR Chennai is INR 14,56,000 for the 2024-26 batch, payable in three installments. The first installment includes an admission acceptance fee of INR 40,000 and the balance first installment fee of INR 4,05,000. The second installment is INR 4,45,000, and the third installment is INR 5,66,000. In addition to the tuition fee, there are other fees such as a refundable caution deposit of INR 35,000 and living expenses.

As per the placement reports of IFMR Chennai, the average package offered in 2023 was INR 13.5 LPA, and the highest package offered was INR 22.90 LPA. On the other hand, as per the placement report of Great Lakes Institute of Management, Gurgaon for the year 2023, the average package offered was INR 11.86 LPA, and the highest package offered was INR 28.6 LPA. However, both have excellent placement records of 100% placement in recent years, both offer strong industry connections and career guidance services. 

Life at IFMR Graduate School of Business (IFMR GSB) in Chennai is a blend of academic rigor, practical learning, and a vibrant student community. Here are some highlights of life at IFMR GSB:1- The campus is a lush green 40-acre oasis, located in Sri City, Andhra Pradesh, offering a serene environment for students to focus on their studies.2- IFMR GSB boasts modern infrastructure, including a library with a rich collection of books, audio-visual materials, and an institutional repository.3- It has a strong placement record, with 100% placements for its MBA cohort in 2021-23. Top recruiting companies include JPMC, Credit Suisse, Deloitte, Accenture, Wells Fargo, Ernst & Young, KPMG, Crisil, and Citi.4- The college is known for its Finance major curriculum and top Finance faculty members, with most roles offered to students being finance-based.

Application forms of IFMR Chennai generally out at December and last date of submission ususally go till March or April. The admission process for IFMR Chennai is completely entrance-based and requires applicants to fulfill the minimum eligibility criteria for their desired courses. The admission season usually commences in October. The application fee for IFMR Chennai is INR 1,500, which can be paid in online mode using debit card/ credit card/ net banking.

The highest package offered at IFMR Chennai for the MBA program in 2023 was INR 22.90 LPA. The average package offered at IFMR Chennai in the last placement season (2023) was INR 13.5 LPA. Some of the top companies that recruited students from IFMR Chennai in 2023 included Barclays, Deloitte, Wells Fargo, EY, HSBC India, Morgan Stanley, NOMURA, TVS NEXT, Societe Generale, Axis Bank, Cognizant, Accenture, and JPMC. 

The seat intake for the Bachelor of Business Administration program at IFMR Chennai is 60 for the year 2024. Candidates will be selected based on their scores in IPMAT, SAT, or Krea Aptitude Test, and online personal interviews. There are no reserved seats or management quota seats available for admission at IFMR GSB. The selection process includes the entrance exam score, followed by a personal interview.

IFMR is a great choice for pursuing an MBA course. In 2023, the institute recorded 100% placements for its MBA cohort of 2021-23. A total of 55 recruiters participated in the placement process and placed all 184 students in new-age job roles. The highest and average package offered during IFMR placements 2023 stood at INR 22.90 LPA and INR 13.50 LPA, respectively. The key highlights of IFMR placements for the Class of 2023 are tabulated below:ParticularsPlacement Statistics (2023)Placement rate100%Total students184No. of students placed184Total recruiters55PPOs offered30the highest packageINR 22.90 LPAAverage packageINR 13.50 LPAMedian packageINR 13.10 LPA