IFMR GSB, CMAT Cutoff 2023 for General Category is listed below. The overall cutoff percentile for CMAT is 85.
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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.
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.
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.
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.
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:
IFMR:
Infrastructure :
NIBM:
IFMR:
Placements:
NIBM:
IFMR:
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.
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.
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.
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.
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.
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.
Facilities:
The university has facilities such as air-conditioned classrooms, labs, library, ATM laundrettes, and dedicated TV rooms.
GLIM Chennai has significantly subordinate fees as compared to IFMR Chennai, however, it is conclusively up to the candidate to select their preferable institution.
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.
IFMR CMAT cutoff varies each year, depending on various factors such as the number of candidates appearing for the exam, the difficulty level of the exam, and the availability of seats. Based on past trends, CMAT cutoff for IFMR has been around 80-85 percentile in recent years.
It's important to note that the cutoff is not the only factor considered in the admission process. Other factors such as academic record, work experience (if any), extracurricular activities, and performance in the Group Discussion (GD) and Personal Interview (PI) rounds also play a crucial role in the final selection.
While the CMAT cutoff is a significant factor in the admission process, it's not the only one. So, if you're planning to apply to IFMR, it's recommended that you aim for a score higher than the cutoff to increase your chances of getting selected.
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