IFMR GSB KREA University MBA Admission 2024: Check 50 Years Legacy, Global Advisory Board, Fees, Placements, Selection Process; Apply Now

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MBAUniverse.com News Desk |
January 31, 2024
IFMR Chennai, a prestigious B-school established in 1970, is now known as IFMR Graduate School of Business (IFMR-GSB) under the KREA University umbrella and offers prestigious Masters in Business Administration (MBA) degree. IFMR GSB has a consistent record of 100% placements with high Average Salary of Rs. 13.50 LPA in final placement 2023. IFMR GSB accepts scores of CAT 2022 and 2023; XAT 2023 and 2024; CMAT 2024; NMAT 2023; GMAT 2022-24; GRE 2022-24. Admissions are currently open.
IFMR MBA Admission 2024

IFMR Chennai, a prestigious B-school established in 1970, is now known as IFMR Graduate School of Business (IFMR-GSB) under the KREA University umbrella and offers prestigious Masters in Business Administration (MBA) degree. IFMR ​GSB has a consistent record of 100% placements with high Average Salary of Rs. 13.50 LPA in final placement 2023. The Advisory Board of Krea University has global thinkers including N Vaghul (former Chairman of ICICI Bank Ltd), Prof Raghuram Rajan (the 23rd RBI Governor), Raghu Sundaram (Dean of NYU Stern School of Business), Prof Esther Duflo (Nobel Laureate). IFMR GSB accepts scores of CAT 2022 and 2023; XAT 2023 and 2024; CMAT 2024; NMAT 2023; GMAT 2022-24; GRE 2022-24. Admissions are currently open. Apply Now. Read this article to know the IFMR key USPs, Fee, Placement, selection process and more.

IFMR GSB KREA University MBA - Key Highlights

Programs Offered
Master of Business Administration (MBA)
Exams Accepted & Cut offs
CAT/XAT: 70%
NMAT: 200+
CMAT: To be announced
GRE & GMAT Scores Also Accepted.
MBA Fees
Rs.14.56 lakhs
Placements 2023
Average salary: Rs.13.5 LPA
Highest salary: Rs. 22.9 LPA
Ranking 2023
# 74 in India by MHRD NIRF Ranking 2023.
#35 in MBAUniverse.com Ranking 2023
MBA Admissions 2024
Open | Apply Now

Table of Contents
In this article we shall cover

  1. IFMR Graduate School of Business - 50 Year Legacy
  2. IFMR GSB Krea University Key Highlights and USPs
  3. IFMR GSB Krea University Programmes Offered
  4. IFMR MBA Fees
  5. IFMR MBA Seats
  6. IFMR MBA Placements 2023
  7. IFMR MBA Admission Eligibility Criteria 2023
  8. How to Apply for IFMR MBA Admission? IFMR GSB Application Process 2024
  9. IFMR Krea University MBA Admission Dates 2024
  10. IFMR KREA University MBA Admission 2024: Criteria & Step by Step Process
  11. IFMR MBA Cutoff

So, let us start with why you should consider and apply for IFMR Graduate School of Business at KREA University MBA admission 2024 along with other top B-schools.

IFMR GSB KREA University MBA Admission 2024 Open - Apply Now

1. IFMR Graduate School of Business - 50 Year Legacy
IFMR Chennai, a prestigious B-school established in 1970, is now known as IFMR Graduate School of Business (IFMR-GSB) under the KREA University umbrella and offers prestigious Masters in Business Administration (MBA) degree. IFMR GSB’s new state-of-the-art campus is at the heart of the fast-growing Sri City, a 5,000-acre Special Economic Zone (SEZ) situated 70 km north of Chennai. It is fast becoming a hub for India’s large and medium scale industries. A trading floor, a well-stocked library, a well-established mentoring scheme, opportunities to learn and earn via live projects and ongoing research collaborations with MIT and Harvard offer a learning environment for the holistic manager of the future. See details below.

ifmr

2. IFMR Graduate School of Business at Krea University: Key Highlights and USPs
Key Highlights and USPs of IFMR Graduate School of Business at KREA University, Sri City are as below

  • Highly Ranked: IFMR GSB Krea University, Sri City is ranked # 74 among top 125 management institutes in India in Govt of India, MHRD NIRF Ranking 2023. IFMR GSB was placed #35 in MBAUniverse.com Ranking 2023 for top B-Schools in India.
  • Accreditation & Approvals: Institute for Financial Management & Research (IFMR), Sri city, India has earned International Accreditation from SAQS (South Asian Quality Assurance System), a globally benchmarked system for Mentoring, Quality Improvement, Quality Assurance and Accreditation. SAQS accreditation is awarded by The Association of Management Development Institutions in South Asia (AMDISA). IFMR Graduate School of Business at KREA University MBA is UGC recognized 2 years full time programme.
  • Krea University GC & BoM with Eminent Leaders: The Governing Council, Executive Committee, and Board of Management at Krea University include eminent leaders from the world of finance and economics such as N Vaghul (former Chairman of ICICI Bank Ltd), Raghuram Rajan (the 23rd RBI Governor), R Seshasayee (former Chairman of IndusInd Bank), Raghu Sundaram (Dean of NYU Stern School of Business), S Mahalingam (Former Chief Finance Officer. & Executive Director. Tata Consultancy Services), and Esther Duflo (Nobel Laureate and Co-Founder and Co-Director at the Abdul Latif Jameel Poverty Action Lab (J-PAL), among others.
  • IFMR MBA Fees Lower than Many Top B-Schools: IFMR KREA University MBA Fees for 2 years is only Rs.14.56 lakhs which is lower than the MBA fees in many new IIMs and private top B-schools and universities 
  • Strong IFMR MBA Placements 2023: IFMR GSB KREA University Placements for the MBA 2021-23 batch has registered 20% rise in average salary at Rs.13.5 LPA and highest salary of Rs.20 LPA. IFMR GSB MBA Placements 2022 had registered an increase of 10% in average salary from last year while the highest salary had gone up at Rs.18 LPA.   
  • Top Recruiters: Some of the top recruiters at IFMR Placements include CRISIL, EY, Accenture, Credit Suisse, Deloitte, JPMC, Barclays, SocieteGenerale, KPMG, Wells Fargo, Citi Corp, HDFC Bank, Ford Mobility, Tech Mahindra, Cognizant, HCL, Infosys and more
  • Industry Relevant Curriculum & Pedagogic Approach: With support from its strong industry network, IFMR updates its curriculum as per industry demand. IFMR pedagogy is based on experiential learning with case studies, industry visits, summer internships. The business school hosted over 50 interactive sessions with leading practitioners from various domains. Students are provided a vibrant intellectual foundation of theory, knowledge, skills and perspectives that is further enriched by unique interwoven approach. The primary objective of the IFMR MBA program is to facilitate students to become successful managers.
  • Highly Qualified & Experienced Faculty: IFMR has diverse faculty pool. The faculty is trained at reputed universities in India (IIMs, IITs, and others) and abroad (US, UK and Europe). 75% of the faculty hold PhD degrees, and many others have rich industry experience and offer experiential learning to the students. The student to faculty ratio of the MBA Program is 12:1
  • Student Committee: The committee is a perfect blend of freshers and students with industry experience. Students have various educational background and cultural diversity
  • Summer Internship Mandatory: During the Summer break between the first and second year, students undergo a Summer Internship in a private or public organization for 8-10 weeks

3. IFMR GSB Krea University Programmes Offered
IFMR at Krea University, Sri City offers flagship 2 years full time MBA programmes. IFMR also offers Executive MBA and Ph.D programs in Management. The MBA degree is awarded by the UGC recognized Krea University

3.1 IFMR GSB MBA Programme Specializations

  • Full-time MBA program at IFMR GSB provides quality management education with a strong foundation in Finance.
  • IFMR GSB offers 22 core and approximately 55 elective courses during the two-year program, spanning 8 disciplines.
  • The MBA specializations offered at IFMR GSB, include Data Science & Information Systems, Economics, Finance, Accounting & Quantitative Finance, Organizational Behaviour & Human Resources, Marketing Management, Operations Management and Strategic Management.
  • The specializations are offered jointly with the support of the industry professionals in curriculum design and delivery.
  • The Finance, IT and Operations streams prepare students to work as Analysts, Consultants, and Managers for IT, Banking and Financial Services.
  • Human Resources and Marketing students find attractive opportunities in the corporate and banking sectors.
  • The Quantitative Finance specialization prepares students for a career in investment banking, securities trading, quantitative modeling, risk management, financial consulting, and applied research.

IFMR GSB KREA University MBA Admission 2024 Open - Apply Now

4. IFMR MBA Fees
IFMR GSB KREA University MBA Fees for 2024-26 batch is shared below:

Programme
IFMR Fees 2024-26
Master of Business Administration (MBA)
Rs.14,56,000
  • IFMR GSB MBA Fees mentioned above is inclusive of tuition fee, provision of course materials, library services.
  • This does NOT include living expenses and alumni fees
  • Medical insurance charges are part of the living fee.
  • IFMR MBA fees as detailed above does not include any laptop charges. Student is required to bring his/her own laptop.
  • The MBA Programme is residential and hence staying in hostel is mandatory. The hostel is located inside the Krea University campus in Sri City.
  • Fee payment should be made through online only.

5. IFMR MBA Seats
IFMR GSB KREA University MBA Seats for 2024-26 batch are as below.

Programme
IFMR MBA Seats
Master of Business Administration (MBA)
240

However, in regard to offering admission for all the IFMR MBA seats, the B-school has shared, “The School is under no compulsion to fill all 240 seats. Offers will be made to deserving high-quality applicants.” 

6. IFMR MBA Placements 2023 & 2022
IFMR has a consistent record of strong placements year after year. IFMR GSB KREA University MBA Placements 2023 have been stronger than placement 2022 with 20% increase in average salary. Students of the MBA 2021-23 batch have been placed in the leading global and Indian consulting, finance and technology companies, while other students have been hired for roles in strategy, marketing and operations.

Sharing the key highlights of IFMR GSB Placements 2023, the Dean Lakshmi Kumar said, “Our placement has always been near 100%. Over the last 22 years the average has been increasing year on year” and added further, “We have been able to attract international companies like J P Morgan, Credit Suisse, Ernst & Young, Morgan Stanley, Nomura, Societe Generale, and so many more, and excellent roles like risk management, consulting, analytics, regulatory reporting among others. With a focus on quantitative finance, data science, fintech and sustainability we are sure to attract more companies and larger roles in the years to come.” Key Placement highlights are:

6.1 IFMR MBA Placements 2023: Highlights
Key highlights of IFMR GSB placement season 2023 are:

  • Average salaries up by 20 percent at Rs.13.5 LPA
  • Highest salary offered is Rs 20 lakhs per annum
  • All the 184 students were placed
  • 55 recruiters have participated in Placement process 2023
  • 14 New Recruiters participated in Placements 2023
  • 30 PPOs offered
  • Some of the prominent recruiters include JPMC, Deloitte, Wells Fargo, EY, HSBC India, Morgan Stanley, NOMURA, TVS NEXT, Societe Generale, Axis Bank among others
  • Leading Consulting, Finance, Technology companies have offered new-age roles across Risk Management, Consulting, Analytics and Regulatory Reporting

6.2 IFMR MBA Placements 2022: Highlights
Key highlights of IFMR GSB placement season 2022 are:

  • Average salaries up by over 10 percent across the top 25%, 50% and overall
  • Highest salary offered is Rs 18 lakhs per annum
  • 78 recruiters have participated in Placement process 2022
  • 34 were new recruiters
  • Some of the prominent recruiters included Barclays, EY, Deloitte, KPMG, PwC, JP Morgan, Wells Fargo, Credit Suisse, Accenture, Société Générale, CRISIL, Temenos, Tiger Analytics, ZS Associates, Cognizant, Infosys, Wipro, Oracle, HCL Technologies, Genpact, Philips, Tata International and Northern Arc, to name a few.
  • Consulting, Finance and Technology companies hire big

7. IFMR MBA Admission Eligibility Criteria 2024
IFMR GSB KREA University MBA Eligibility Criteria 2024 have following salient points

7.1 IFMR MBA Age Eligibility Criteria
Applicants should have been born on/after 1st January 1997 

7.2 IFMR GSB Academic Eligibility Criteria:

  • A candidate must hold a bachelor's degree of minimum 3 years duration, with a consistent good academic record with 60% marks or equivalent CGPA in class 10, 12 and graduation
  • The candidate should have taken/registered for CAT 2022-2023/XAT 2023-24/CMAT 2024/NMAT 2023 or GMAT/GRE (GMAT & GRE (taken on / after 1st January 2022).
  • A candidate appearing for the final year bachelor's degree/equivalent qualification examination and those who have completed the degree requirements and are awaiting results is also eligible to apply for IFMR GSB Admission 2024.
  • It is mandatory for a final year student, who is provisionally considered eligible by IFMR GSB and offered admission, to submit the mark-sheet and degree certificate of the final year bachelor's degree examination by the date prescribed by IFMR GSB.
  • Graduates of full time degree course and candidates in the final year of the undergraduate degree can apply. Candidates from ODL (Open and Distance Learning) institutions are also eligible to apply as per the UGC policy and notification

7.3 IFMR MBA Admission Eligibility for Work Experience:

  • Work experience is NOT mandatory
  • Fresh graduates as well as candidates with work experience are eligible.
  • Those with work experience should have less than or equal to 3 years of experience as on 1st December 2023.
  • The Full-time work experience up to 36 months ONLY will receive credit during evaluation of application.

7.4 IFMR Krea University Eligibility for MBA Entrance exams
Applicants are required to take any of the following competitive exams - CAT 2022/2023; XAT 2023/2024; CMAT 2024; NMAT 2023-24; GMAT 2022, 2023, 2024; GRE 2022, 2023, 2024.

7.5 University Toppers Exempted from Submitting Competitive Exam Score
Graduates of the top 200 universities recognised by the NIRF, who have been placed within the top 20 ranks of their degree program are exempted from submitting their competitive examination scores.

IFMR GSB KREA University MBA Admission 2024 Open - Apply Now

8. How to Apply for IFMR MBA Admission? IFMR GSB Application Process 2024
IFMR GSB Krea University MBA application process for admission 2024 is as below

  • The application fee at IFMR GSB is Rs.1500/- and is non-refundable
  • Application fee should be paid through Debit Card / Credit Card / Internet Banking
  • The Application form is available at IFMR GSB website and is an applicant friendly form

ifmr

8.1 Four Stages to Fill up IFMR GSB Application Form
IFMR GSB admission 2024 application form can be completed in four parts as below:

  • You need to create login, fill application form, pay the application fee and upload the documents as required before application submission Apply Now
  • Apart from filling in the application form, the applicant is required to upload mark sheets, certificates and other supporting documents in the application portal while applying for admission
  • Please note that after each deadline, applicants will be shortlisted for interviews.

9. IFMR Krea University MBA Admission Dates 2024
IFMR Krea University MBA application process is currently open. Apply Now

10. IFMR KREA University MBA Admission 2024: Criteria & Step by Step Process
IFMR MBA Admission Criteria is based on more qualitative aspects. IFMR GSB admits students with a proven calibre to perform. IFMR Graduate School of Business at KREA University MBA admission 2024 is through a rigorous selection process. The 5 stages of IFMR MBA Admission Process for the two year full time MBA Programme is as follows:

  • Step-1: Submit Application to IFMR GSB. Apply Now
  • Step-2: Take CAT/XAT/NMAT/CMAT/GRE
  • Step-3: Check IFMR Shortlist on the basis of Accepted Exam Score
  • Step-4: Participate in Final Selection WAT & PI Round
  • Step-5: Check Final Merit List. IFMR MBA Selection criteria at Final stage is based on Exam Score, Performance in selection process, academic performance & work experience

10.3 Step-3: IFMR MBA Shortlist Criteria: Check Short-list on the basis of Exam Score
IFMR will shortlist the candidates for Personal Interview (PI) & Writing Ability Test (WAT)  from among the eligible candidates who have a valid entrance exam score and have applied to the MBA programme of IFMR Graduate School of Business. IFMR MBA shortlist criteria is based on following parameters:

  • The admissions committee shortlists applicants for the selection process, taking into consideration, the applicant’s past academic performance, entrance test scores, and a passion for excellence demonstrated even in non-academic endeavor such as sports (represented country, state or district/ University/ College/ School), Debate, Drama, Moot Court, NCC (but not NSS) volunteering, activism etc.(of a corresponding level). Those with track record in these areas get a relaxation with regard to cut off scores, provided they are otherwise eligible, and capable
  • There is no exemption from the requirement of a valid score in, at least one of CAT/XAT/CMAT/NMAT/GRE/GMAT regardless of any achievements.
  • Graduates of the top 200 universities recognised by the NIRF, who have been placed within the top 20 ranks of their degree program are exempted from submitting their competitive examination scores and are shortlisted on other parameters.

10.4 Step-4: IFMR MBA Selection Criteria: Participate in PI-WAT

  • The PI-WAT process will be conducted from February 2024 to May 2024, depending upon your application submission date and shortlist status.
  • You need to check the IFMR website, your registered mail, messages in your mobile to ascertain your call and to know the date, time and venue of your final selection round.
  • The writing skills of applicants will be assessed using their scores on the relevant sections of the qualifying examination (CAT/XAT/NMAT/CMAT/GRE/GMAT) as well as the quality of writing displayed in their application forms.

10.5 Step-5: Check Final Merit List

  • After the PI round, admission offers are made by IFMR GSB to successful candidates.
  • The final selection is based on a diverse set of attributes which includes performance in entrance exam, performance in PI round, academics, Work Experience among others
  • Final Admission Offer will be made to the candidates in May 2024 on the basis of Final Score arrived after awarding the weightage scores on all the components.

IFMR GSB KREA University MBA Admission 2024 Open - Apply Now

11. IFMR MBA Cutoff
The following parameters are considered while screening the application to shortlist candidates for WAT and PI round:

11.1 IFMR MBA Cutoff for Shortlisting
IFMR applies cut off in academics as well as in competitive exams to shortlist best fit candidates for final selection round as below

11.1.1 IFMR MBA Cutoff in Academics

Parameters
Cut off & Eligibility Requirement
Class X Marks
60%
Class XII Marks
60%
Bachelor’s Degree Marks
60%
Work Experience
Not Mandatory, but can be between 0-36 months

Source: IFMR GSB

11.1.2 IFMR MBA Cut off for Entrance Exams

MBA Entrance Exam
Expected Cut off Percentile/score
CAT 2022/2023
75
XAT 2023/2024
75
NMAT 2023 -2024 Score
222 (Score in NMAT exam)
CMAT 2024 Score
AIR upto 7200
GMAT (Taken after Jan 1, 2022)
Score of 650
GRE (Taken after Jan 1, 2022)
Score of 310

Hope you found this article useful while looking for the most suitable B-school for MBA admission 2024 with all the details on IFMR USPs, Fee, Cut offs, Placements, selection process and others. Application process is open and you can Apply Now

Stay tuned to MBAUniverse.com for more updates on IFMR Graduate School of Business at KREA University 

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