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:

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.

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.

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.

• 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.