IFMR Admission 2018: Cut off, Fee, Placement, selection process; last date to apply extended to Jan 15

IFMR Admission 2018
Friday, December 22 2017, 03:29 PM
The Institute for Financial Management & Research (IFMR), Chennai has announced important changes in the process of its MBA admission 2018 providing relief to the applicants who are seeking admission opportunity in the MBA college. Last date to apply has been extended to January 15
IFMR, Chennai has announced important changes in the process of its MBA admission 2018 providing relief to the applicants who are seeking admission opportunity in the MBA college

IFMR Chennai - the Institute for Financial Management & Research has announced important changes in the process of its MBA admission 2018 providing relief to the applicants who are seeking admission opportunity in the MBA college. The changes are announced in relaxing the norms in applying for Early Decision Round (EDR) and in extending the last to apply for EDR to January 15, 2018 from earlier December 18, 2017.

Early Decision Round: Now open for Currently-Not-Employed candidates
IFMR has offered two opportunities to the candidates for admission to MBA 2018-20 batch by conducting two admission rounds – Early Decision and General round.

Existing norms for EDR: So far the Early Decision Round was dedicated to those applicants who are currently employed and have work experience of 12 months to 36 months as on 1st December 2017.

Revised Norms for EDR:  According to IFMR, “The Early Decision Round, hitherto meant only for employed applicants, has now been opened-up to applicants who are not currently employed but have been employed in the past and currently taking a break for the same of MBA entrance.” 

Now the candidates who were working earlier but are not working currently can apply with Early Decision Round for MBA admission 2018 at IFMR Chennai.

January 15: Revised Last date to apply for EDR
IFMR has extended the last date to apply for Early Decision round to January 15, 2018. The step is taken to ensure that the candidates can avail the opportunity as per the revised norms. 

According to IFMR, “The last date to apply to IFMR under the Early Decision Round, hitherto 18th December 2017 has been extended to 15th January 2018.”

University MBA instead of PGDM
IFMR has been awarded the status of University and offers MBA degree since the batch of 2017 instead of Post Graduate Diploma.  The step was taken by IFMR as soon as the Union Cabinet cleared the IIM Bill enabling IIMs to award MBA degree.

Application for General Round is also open
The Application for General Round is also open to all applicants – employed or fresher. The deadline to apply for the General Round is 5th February2018. The selection process for this round is scheduled in March 2018.

The selection process at IFMR consists of Written Ability Test (WAT) followed by personal interview (PI).

Achievers stand good chance at IFMR: Admission process
Applicants are required to take/have taken any of the following standardised entrance exams – CAT 2017 / XAT 2018 / CMAT 2018 / GMAT & GRE (taken in the last three years). While CAT/XAT/CMAT percentiles or GRE/GMAT scores are an important component of the admission process, these are not the sole criteria for admission.

The admission committee will consider the applicant’s past academic performance, and performance in Personal Interview. Further the admissions committee recognizes the importance of passion for achievement demonstrated even in non-academic endeavour such as sports (represented country, state or district), NCC, Performing Arts (but NOT fine arts), volunteering, activism etc. and at the work place (of a corresponding level). Those with track record in these areas would get a relaxation with regard to cut off scores, provided they are otherwise eligible, and capable.

Exam score cut offs
Following are the exam score cut offs at IFMR

Entrance Exam
Expected cut off
CAT 2017
80
XAT 2018
80
CMAT 2018
90
GRE
Quant 160 in new scale, Verbal 153 in new scale
GMAT
Quant 49 on Scale of 60; Verbal 30 on Scale of 60

Candidates with excellent academic profile, achievements, quality work experience will stand fair chances of admission at IFMR even if they score a little low percentile in entrance exam. The candidates will have to go through PI-WAT round which has 25% weightage in selection process.

IFMR Fee structure
2 years tuition fee excluding boarding and lodging for flagship MBA programme is Rs.12 lakhs.

Placement at IFMR
IFMR has a consistent record of high placements. IFMR is one of the top B-schools offering quality management education with 100% campus placements and consistently rising average packages over the years. The B-school has recently opened its new campus at Sri city, near Chennai.

IFMR Chennai has wrapped up its placements for the 2015-17 batch with higher salary packages. Average placement at IFMR in Placement 2017 has increased to Rs.9 lakhs from Rs.8.5 lakhs last year. The highest salary has also gone up to Rs.14 lakhs from Rs.13 lakhs last year.

Early decision round: Key steps

  • This round is designed to enable selected employed applicants to fulfill their notice period and still join the course in time.
  • Presently not working candidates or those who have taken a break to pursue MBA of their choice should take timely decision and prepare themselves for WAT & PI round
  • Shortlist for the Early Decision Round will be announced by the 22nd of January 2018
  • Shortlisted applicants will be called for Early Decision Round selection process, scheduled in February 2018
  • WAT and PI for early decision round is to be held at Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune – subject to a viable number of shortlisted candidates in each of these centers.

Shortlist based on Profile

  • At least 60% in X, XII and graduation are required for shortlisting based on marks in school and college.
  • To be shortlisted applicant must have either written GRE/GMAT on /after 1st Jan 2015 or CAT in 2017  or must be registered to write XAT 2018/ CMAT 2018 – the applicant must have a registration number/ proof of registration.
  • The shortlist for the Early Decision Round will be announced by the 22nd of January2018.

3 key points in Final selection process

  • The Selection Process includes WAT (writing ability test) and PI (personal Interview).
  • Work experience will be main focus area in PI round for selection process in Early Decision Round
  • During the WAT process, IFMR will be looking for the ability to articulate a position and the ability to disengage from that position. Accordingly, there must be no obvious grammatical or punctuation errors

WAT topic in IFMR
Going by the past trends, the WAT last year had a topic “It is easier to convince the client than to convince the boss”, and the applicant had to write both FOR and AGAINST the topic.

IFMR is included among Good Business Schools category (26-50 ranks) by Business Today-MDRA B School Survey 2015 and enjoys All India Rank 22 by The Hindu Business line- MBAUniverse B School ranking 2017.

Established in 1970 as a not-for-profit society, IFMR was sponsored by ICICI, the House of Kotharis and other major industrial groups. The current Board of Governors, headed by Mr N. Vaghul, Ex. Chairman, ICICI Bank, consists of leaders of major corporations in India as well as respected academicians.

Stay tuned to MBAUniverse.com for more updates on IFMR Chennai

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