IFMR MBA - IFMR Graduate School of Business (GSB), Sri City

About College

Founded in 1970, IFMR Graduate School of Business, also known as IFMR Chennai and affiliated with Krea University, is a privately-operated business school situated in Sri City, Andhra Pradesh. The institution holds accreditation from SAQS and is notably recognised for maintaining one of the most favorable faculty-to-student ratios among private educational institutions in India. IFMR offers a flagship 2-year full-time MBA program, admitting 180 students annually. Furthermore, the Business School provides Executive MBA (EMBA), Management Development Programs (MDP), Certificate courses, and the opportunity to pursue a Ph.D. in Finance, Economics, and Management. Admission criteria at IFMR include evaluating candidates based on their CAT, XAT, CMAT, GMAT, GRE, or NMAT scores, followed by application screening, a Writing Ability Test (WAT), and a Personal Interview (PI) round.

In the 2023 IFMR GSB Placement season, there was a notable 22% increase in the average salary compared to the preceding year. Additionally, 14 new recruiters opted for IFMR GSB during the previous placement cycle. The average package for IFMR GSB graduates reached INR 13.5 LPA, with the highest package hitting INR 22.9 LPA. Among the prominent recruiters were Deloitte, EY, KPMG, JP Morgan & Chase, Wells Fargo, and PwC, among others.

IFMR Chennai Quick Facts

IFMR offers a 2-year fully residential IFMR MBA program.
The tuition fee for the flagship MBA program is INR 14,56,000/-.
IFMR GSB holds the recognition of being a Scientific and Industrial Research Organisation (SIRO) by the Ministry of Science and Technology, Government of India.
In the 2023 placement season, 184 students secured job placements, with the highest salary package reaching INR 22.9 LPA.
The faculty at IFMR includes dedicated professors with PhDs from prestigious institutions worldwide, including universities in the United States such as Minnesota, Ohio, Georgia, and Texas A&M, as well as India's top institut

IFMR Chennai Quick Facts

IFMR offers a 2-year fully residential IFMR MBA program.
The tuition fee for the flagship MBA program is INR 14,56,000/-.
IFMR GSB holds the recognition of being a Scientific and Industrial Research Organisation (SIRO) by the Ministry of Science and Technology, Government of India.
In the 2023 placement season, 184 students secured job placements, with the highest salary package reaching INR 22.9 LPA.
The faculty at IFMR includes dedicated professors with PhDs from prestigious institutions worldwide, including universities in the United States such as Minnesota, Ohio, Georgia, and Texas A&M, as well as India's top institutions like IIMs and IITs.
IFMR GSB has introduced a new Leadership Development program called LEAP, developed in collaboration with WayCool Foods.

IFMR Chennai Important Dates for MBA 2024-26

Name of the Process	Tentative Timelines for MBA 2024-26
S.NO	Description	Round 1	Round 2	Round 3	Round 4***
1	Application opens	Wednesday, 25-Oct-2023
2	Application closes	Tuesday, 30 Jan, 2024	Thursday, 29 Feb, 2024	Saturday, 30 Mar, 2024	Tuesday, 30 Apr, 2024
3	Interviews Registration	Saturday, 03 Feb, 2024	Friday, 15 Mar, 2024	Wednesday, 10 Apr, 2024	Tuesday, 07 May, 2024
4	Interview dates*	06-08 Feb-2024** Tuesday-Thursday	21,22 & 24 Mar-2024** Thursday, Friday & Saturday	21-22, Apr-2024 Sunday-Monday	11-14 May-2024 Saturday-Tuesday
5	Registration, orientation and classes begin	First week of July, 2024

* Personal Interviews will be conducted Online

** In-person interviews will also be conducted in the following cities:

Chennai & Kolkata – Second week of February 2024
Lucknow & Pune – Second week of March 2024
Indore & Delhi – 13 April 2024

*** Round 4: Subject to changes based on declaration of CMAT 2024 results

BBA + MBA
Event	Important Dates
Event	Round 1	Round 2	Round 3	Round 4
Application Opens	October 25, 2023
Application Closes	November 15, 2023	January 6, 2024	April 3, 2024	May 8, 2024
KREA Aptitude Test	November 23 - 25, 2023	January 19 - 21, 2024	April 11 - 13, 2024	May 15 - 17, 2024
Personal Interview	December 16 - 17, 2023	January 26 - 28, 2024	April 17 - 24, 2024	May 22 - 28, 2024
Admission Decisions	December 22, 2023	February 10, 2024	April 30, 2024	June 7, 2024
Last Date for Acceptance	January 21, 2024	March 31, 2024	June 2, 2024	June 23, 2024
Reporting Date at Campus	July 11 - 12, 2024
Commencement of Program	July 15, 2024
Classes Begin	July 16, 2024

IFMR Chennai Ranking

Ranking Body	Category	Ranking
NIRF 2024	Management	99

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

MBA

Requirement: Minimum 60% score in class 10th, 12th, and graduation. Candidates in their final year of undergraduate studies are also eligible to apply.

Duration: 2 years

Admission Criteria: CAT, CMAT, NMAT by GMAC, XAT, GMAT, along with a Written Ability Test and Personal Interview.

Intake: 180

Fee: INR 14,56,000 (excluding boarding charges for 2 years)

Executive MBA

Requirement: Full-time graduate degree in any discipline from a recognised institute or university. Alternatively, candidates should have relevant work experience of at least 2 years.

Duration: 3 years

Admission Criteria: Written tests conducted by IFMR GSB faculty, followed by a Personal Interview at L&T Construction’s offices.

Intake: 45

BBA + MBA

Requirement: Completion of Class 12th or equivalent with 60% marks. Candidates in the final year of their 12th examinations are also eligible to apply.

Duration: 5 years

Admission Criteria: IPMAT, SAT, or KREA Aptitude Test, along with a Personal Interview.

Intake: 60

MDP (Management Development Program)

Requirement: Minimum graduation from any recognised university or institution.

Duration: 6 months to 1 year

Admission Criteria: Written Ability Test by IFMR GSB, followed by a Personal Interview.

PhD

Requirement: Minimum 60% marks in undergraduate or master's degree, or equivalent PG diploma in any discipline. Full-time graduates or candidates in the final year of their post-graduate studies are eligible to apply.

Duration: Minimum 3 years

Admission Criteria: CAT, CMAT, GATE, GMAT, GRE, NET JRF, NMAT, XAT, along with a Personal Interview.

Data Science

Requirement: A bachelor's degree from a reputable institution, along with work experience in the public or private sector.

Duration: 10 months

Admission Criteria: Evaluation based on application, followed by a Personal Interview.

IFMR Chennai Cutoff 2023

IFMR GSB, CAT Cutoff 2023

Below is the CAT Cutoff 2023 for the General Category at IFMR GSB. The overall cutoff percentile for CAT is set at 80%.

Courses	2023 Cutoff By Percentile	2022 Cutoff By Percentile	2021 Cutoff By Percentile
MBA	80	80	80

IFMR GSB, CMAT Cutoff 2023

The following are the CMAT Cutoff 2023 for the General Category at IFMR GSB. The overall cutoff percentile for CMAT stands at 85%.

Courses	2023 Cutoff By Percentile	2022 Cutoff By Percentile
MBA	85	85

IFMR GSB, XAT Cutoff 2023

The XAT Cutoff 2023 for the General Category at IFMR GSB is provided below. The overall cutoff percentile for XAT is set at 75%.

Courses	2023 Cutoff By Percentile	2022 Cutoff By Percentile
MBA	75	75

IFMR Chennai Placements 2023

Batch	Placement Statistics (2021-23)
Placement Percentage	100%
Number of Students participated	184
Number of students placed	184
Companies Participated	55
Highest CTC	INR 22.9 LPA
Average CTC	INR 13.5 LPA
Major Recruiting Sectors	Automobile, Construction, Electronics & Manufacturing and IT
Futuristic Roles Offered	Risk Management, Consulting, Analytics, Regulatory Reporting
Top Recruiters	Deloitte, Nomura, Axis Bnak, HSBC, EY, JP Morgan Chase & Co, etc.

IFMR Chennai Scholarship

Full Tuition Fee Waiver Scholarship: Awarded based on academic performance, competitive exam scores, and performance in admission assessments, such as written tests and interviews.
Merit-cum-Means Scholarships: Eligibility criteria include a minimum CGPA of 3.50 at the end of the first year and an annual family income of less than INR 10 Lakhs. Students can receive a scholarship amount of up to INR 2.50 lakh.
Merit Scholarships: Awarded based on CGPA at the end of the second year. The top-ranked student receives INR 2 Lacs, and the next three top-ranked students each receive INR 1 Lac.
T Thomas Scholarships for Business Leaders: Sponsored by HUL, this scholarship awards INR 1 Lac to second-year students from the graduating batch.

IFMR Chennai FAQs

Q. Is it possible to apply for an MBA at IFMR Chennai if I have a gap year?

A. Yes, applicants with a gap year can apply, but they need to provide a justification for the gap and include details of their activities during that time in their application.

Q. Is everyone eligible to apply for scholarships at IFMR Chennai?

A. IFMR Chennai offers two types of scholarships: Merit-based and Need-based. Eligibility criteria vary for each, and applicants must meet the specific requirements to be considered.

Q. What is the student-to-faculty ratio at IFMR Chennai?

A. The student-to-faculty ratio at IFMR GSB is 12:1.

Q. How does IFMR Chennai assist students in obtaining loans?

A. IFMR Chennai provides loan assistance to students through WeMakeScholars, supported by the Government of India. They collaborate with over 10 public banks and NBFCs in India to help students find the most suitable education loan. This service is free and has benefited over 10,000 students. Loan amounts range from INR 2 lakhs to INR 2 crores, covering 100% of total expenses, including course fees and living expenses, with interest rates starting from 6.75%. The repayment period can extend up to 15 years, with a moratorium period that includes the course duration plus six months. There are no prepayment closure charges, and students can claim a 100% tax benefit for interest paid under Section 80E.

Q. How large is the IFMR Chennai campus?

A. IFMR GSB's campus in Sri City spans 40 acres and is situated 70 km from Chennai. The campus is strategically located amidst global organisations that have established world-class manufacturing facilities in Sri City, serving both the Indian and export markets. These organisations include Alstom, Kobelco, Danielli, Colgate, Cadburys, Pepsico, Kelloggs, Isuzu Motors, and numerous Japanese, American, and European corporations.

Q. What facilities are available on the IFMR Chennai campus?

A. The 300,000 sq. ft campus offers air-conditioned classrooms, Wi-Fi connectivity, an ATM, a health center, air-conditioned hostel rooms, a laundromat, a convenience store, a fitness studio, a student lounge, a student hub with indoor games, a snack vending machine, a unisex salon, a basketball court, cricket nets, a coffee shop, a 4-bed medical center operated by Kauvery Hospitals with 24/7 medical staff, a pharmacy, first aid boxes on all floors, a BLS ambulance on campus, a 12,000 sq ft futsal field with night playing facilities, and a 1,10,000 sq ft open-air amphitheater.

Q. How can I reach IFMR Chennai's Sri City campus?

A. To reach the Sri City campus:

By Car:

From Chennai International Airport: Approximately 85 km, about 1 hour 45 minutes.
From Tirupathi International Airport: Approximately 75 km, about 1 hour 30 minutes.
From Chennai Central Railway Station: Approximately 70 km, about 1 hour 30 minutes.
From Sullurpeta Railway Station: Approximately 22 km, about 20 minutes.
From Tada Railway Station: Approximately 9 km, about 10 minutes.

By Bus:

From Madhavaram Mofussil Bus Terminus (MMBT - Chennai Mofussil Bus Terminus): Approximately 56 km. There are plenty of buses to Tada from Madhavaram Bus Station, with stopovers in Kalahasthi, Naidupet, and Nellore.

By Train:

Tada: The closest railway station to Sri City is Tada, which can be reached by local trains from Chennai Central. The journey takes approximately 2 hours.

IFMR Graduate School of Business (GSB), Sri City Admissions

IFMR GSB, Krea University Admission 2024

Founded in 1970, IFMR Graduate School of Business (IFMR GBS) operates as an academic division of Krea University and holds accreditation from SAQS. When it comes to placements, IFMR GBS maintains a commendable track record. In the year 2023, the highest offered CTC reached INR 22.9 LPA, while the average CTC stood at INR 13.5 LPA.

IFMR Chennai 2024 offers MBA on the basis of CAT / XAT / CMAT / GRE / GMAT/ NMAT. Interested candidates need to apply for NMAT and XAT entrance exam. Generally the admission procedure ends in the month of April. Apart from MBA, IFMR Chennai offers Ph.D and Executive MBA. All admissions are based on entrance or written tests followed by an interview. Applications are accepted online for MBA and offline for Ph.D.

Admission to the Executive MBA program is determined by evaluating candidates’ educational backgrounds, work experiences, and sponsorship letters. The final selection for the Executive MBA program involves written tests administered by IFMR GBS and subsequent interviews. For Ph.D. admissions, candidates’ scores in RAT or UGC-NET/JRF are considered, followed by an interview. It’s important to note that there are no reserved seats or management quota seats available for admission at IFMR GBS. Admission to the BBA + MBA program is contingent upon performance in the IPMAT, SAT, or KREA Aptitude Test, as well as a Personal Interview.

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IFMR Graduate School of Business (GSB), Sri City Placements

IFMR GSB Placements 2023

IFMR Graduate School of Business, commonly referred to as IFMR GSB, has initiated its placement drive for the class of 2023. In this IFMR Chennai placements drive, the highest offered package reached INR 20 LPA, while the IFMR average package recorded a notable 20% increase, reaching INR 13 LPA.

A total of 158 students secured positions with 39 different recruiters. The IFMR average package reached INR 13 LPA, with the IFMR highest package reaching an impressive INR 20 LPA. Notable recruiting organisations included Deloitte, EY, KPMG, JP Morgan & Chase, Wells Fargo, PwC, among others. The highest salary package offered stood at an impressive INR 18 LPA.

In the previous IFMR Chennai placements cycle, IFMR GSB wrapped up its 2022 drive with remarkable outcomes. The IFMR average package or average salary witnessed an impressive growth of over 10% compared to the previous year, resulting in placements for 165 out of 175 students. The pinnacle salary package offered reached INR 18 LPA.

Renowned organisations, such as the World Bank, Deloitte, IDFC Bank, Credit Suisse, Fargo, JP Morgan, and many others, were among the top recruiters during these IFMR placement drives.

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IFMR Graduate School of Business (GSB), Sri City Cutoff