IFMR MBA Admission 2018: Application date extended to February 12; check your chances

Institute for Financial Management & Research (IFMR) has extended the last date to apply for admission to MBA 2018-20 batch to February 12, 2018 from earlier February 5. Sharing about the extended date to apply, IFMR has informed, “The MBA (2018-20 batch) applications deadline for the General Round, have been extended by one week from 5^th Feb 2018 to 12^th Feb 2018. Both XAT and CMAT results have been delayed and hence this extension.”

Apply now & pay later
IFMR Chennai has advised the students to apply now and pay their application fee later. According to Prof. Suresh Venkatraman, Chairperson Admissions IFMR, “On social media and many digital forums, our students have been advising applicants, that they can fill the form but not pay the application fee till they get their XAT/ CMAT percentiles and know that they have met our cut offs”

This is the good opportunity for the MBA aspirants as they can apply without making payment of application fee after declaration of XAT 2018 and CMAT 2018 result which are expected latest by February 10, 2018.

IFMR Chennai has also announced important changes in the process of its MBA admission 2018 providing relief to the applicants who are seeking admission opportunity in the MBA programme. The changes are announced in relaxing the norms in applying for the General round.

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.

While the application process for Early Decision round was closed on January 15, now the application process for General round has been kept open till February 12.

Get MBA at IFMR 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.

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

Applicants are required to have taken at least one 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.

Cut offs for admission
Following are the exam score cut offs at IFMR

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.

Fee for MBA 2018-20
2 years tuition fee excluding boarding and lodging for flagship MBA programme is Rs.12 lakhs at IFMR.

IFMR Placements
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 Placements 2017 recorded higher salary packages. Average placement at IFMR in Placement 2017 has increased to Rs.9 lakhs from Rs.8.5 lakhs. The highest salary has also gone up to Rs.14 lakhs from Rs.13 lakhs.

Key components in Final selection process

• The Selection Process includes WAT (writing ability test) and PI (personal Interview).
• 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

Trending WAT topics 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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