IFMR GSB Krea University Completes 100% Placements 2023: Average Salary up by 20% at Rs.13.50 LPA; EY, Deloitte, JPMC, HSBC hire big

IFMR Graduate School of Business (IFMR GSB), Krea University located at Sri City has completed final placement for its large MBA 2021-23 batch of 184 students with sharp rise in salary packages. Students who sat for placements have been hired by leading global and Indian consulting, finance and technology companies. Students have been hired for new age roles in Risk Management, Consulting, Analytics and Regulatory Reporting.

IFMR GSB at Krea University MBA students have registered more than 20% rise in Average remuneration which has gone up at Rs.13.50 LPA from Rs.11.21 LPA last year and 16.6% rise in highest salary which has gone up at Rs.22.90 LPA from Rs.19.64 LPA last year. This is the 5^th batch of outgoing students who are being awarded MBA degree from IFMR GSB, KREA University.  IFMR GSB placement report 2023 reveals that significant number of students have been hired by Consulting, technology and finance companies.

Commenting upon the successful Placement season 2023, Prof Lakshmi Kumar, Dean of IFMR GSB at Krea University said, “Since inception, IFMR GSB has always revealed in its Placement record. Our Placement has always been near 100%. Over the last 22 years, the average salary 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.”

As projected by Consulting major McKinsey that with next-generation finance, technology and manufacturing operations going to be a more than a trillion-dollar opportunity for India between now and 2030, IFMR GSB’s focus in recent years has been to marry management with operations and technology that results in exciting careers and entrepreneurial opportunities for students.

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

• Average Salary up by over 20% at Rs.13.50 LPA from Rs.11.21 LPA last year
• Highest Salary up by 16.6% at Rs.22.90 LPA from Rs.19.64 LPA last year
• Median Salary up by 18% at Rs.13.10 LPA from Rs.11.09 LPA Last year
• Average Salary for Top 10% students up at Rs.19.20 LPA from Rs.14.50 LPA last year
• Average Salary for Top 25% students up at Rs.17.80 LPA from Rs.13.45 LPA last year
• Some of the Top Recruiters include EY, Deloitte, HSBC, JPMC, Wells Fargo, Axis Bank, Dell, Tata, SBI Cap to name a few.
• Consulting, Finance and Technology companies hire big

IFMR GSB Placement Trends
In the past five years, IFMR GSB has witnessed 50-75 percent of the students being hired in finance, consulting and technology companies. Students have been offered new-age roles in valuation consulting, risk management and financial advisory, digital consulting, financial planning and analysis, risk consulting and modelling, business analysis and management consulting.

This year the B-school has observed major percentage of the students being picked up by leading companies in these industries. This has further contributed to the average salaries increasing by 20 percent.

Top Recruiters at IFMR GSB Krea University
In placement 2023 for the MBA 2021-23 batch, IFMR GSB witnessed many regular and new top companies making offers to the students. Some of the prominent recruiters in MBA placements 2023 at IFMR include Barclays,Deloitte, PwC, Credit Suisse, EY, JP Morgan & Chase, KPMG, Axis Bank, HSBC, DE Shaw, Wells Fargo, Morgan Stanley, SBI CAP, Tata among others.

On the occasion, Dean IFMR GSB said, “We have been able to attract several top companies every year due to the consistent excellent performance of our students. Today our alumni are also playing a large role in absorbing our students, Another important facet of our Placements is the steady increase in PPOs. 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." 

Domain-Wise Top Companies at IFMR GSB Placements 2023

• In the Quantitative Finance domain, companies like Nomura (Risk Methodology), KPMG GBS (M&V), Decimal Point (Business Scientist-Quant Analyst), Deloitte US (Model Risk Management) hired large number of IFMR GSB students
• Product Management companies like Brillio and Ask Brian visited IFMR GSB for the first time. 
• Product Marketing companies like TVS Next, Tally Solutions, Propel made lucrative offers to the students
• In BFSI, roles like Risk, Valuation, Functional Consultant, Global Finance & Business Management were offered 
• In Market Research, roles like Global Research and Risk Solutions, Credit Analyst were offered
• In Marketing, roles like PPE, DAE, Territory Manager, Manager - Products and Customer were offered
• Significant increase was seen in the intake by International and Domestic banks in Relationship Management and Analyst roles.  

Key companies that visited IFMR GSB in Placements 2023 

• Investment Banks: Nomura, JPMC, Societe Generale, Morgan Stanley, Credit Suisse
• Banks: Barclays, HSBC, Standard Chartered Bank, Bank of America, HDFC, NatWest, Axis Bank, Wells Fargo, ICICI Bank 
• IT Companies: Ask Brian, Brillio, HCL, Tally Solutions, Propel, Cognizant, Infosys, TVS Next
• IT Consulting: Oracle, Alliant Group
• Marketing and Market Research Companies: TVS Motor, Schneider Electric, ICRA, CRISIL, CareEdge 
• Fintech: YUBI (CredAvenue),  
• NBFC: Northern Arc

Finance: IFMR GSB Strong Legacy
IFMR GSB has a strong legacy in finance. This has attracted many leaders at Krea University from the world of finance and economics to its leadership team to provide strategic direction. This includes Mr NVaghul (former Chairman of ICICI Bank Ltd), Dr Raghuram Rajan (the 23rd RBI Governor), Mr Seshasayee (former Chairman of IndusInd Bank), Mr Raghu Sundaram (Dean of NYU Stern School of Business) and Mr Rajiv C Lochan (MD, Sundaram Finance).

Other industry stalwarts such as Mr Anand Mahindra (Chairman of Mahindra Group), Mr. S Ramadorai (former vice-chairperson of Tata Consultancy Services), Ms Kiran Mazumdar-Shaw (Chairperson & MD of Biocon Limited), Mr Aditya Mittal (President, CFO and CEO of ArcelorMittal Europe), Mr PRVenkatarama Raja (Vice Chairman, MD & CEO of Ramco Systems), Mr Rajiv Memani (Chairman, CEO of EY India), MsAnu Aga (Former Chairperson of Thermax Ltd), Mr Cyril Shroff (Managing Partner of Cyril Amarchand Mangaldas), Mr Sajjan Jindal (Chairman & MD of JSW Group of companies), and Mr Dheeraj G Hinduja (Chairman of Ashok Leyland) are or have been the part of Krea’s Governing Council. 

In a message to MBA aspirants, IFMR GSB Dean said, “Our campus is located in the midst of many Fortune 500 companies and there are a lot of opportunities in the Supply Chain and Operations, HR, Data Analytics and Data Science domains. Due to current global financial volatility, we foresee a significant demand in the Risk, Valuation and Business Analyst domains. Due to the Digital India push by the GoI, we see potential by companies in the Fintech, Data Science and Startups.”

The KREA University, promoted by IFMR Society, aims to provide liberal arts education to high potential individuals so that they would learn to create positive and catalytic impact in a dynamic and diverse world. IFMR Graduate School of Business at KREA University aims to provide top-quality management education that prepares students to be ethically grounded, be highly skilled in integrated reasoning and be effective leaders of enterprises.

The IFMR Graduate School of Business (GSB) at Krea University prepares students who can effectively navigate an uncertain future. IFMR GSB offers a full-time MBA degree in Finance, Marketing, IT, Operations, HR, and Strategic Management, with additional specializations in Banking Financial Services and Insurance (BFSI) & Data Sciences (Business Analytics). Various scholarships based on merit and merit-cum-means are offered to students. IFMR GSB also offers PhD programme, as well as work, integrated executive and management development programmes. Over the 20 years, IFMR has built a network of over 20,000 alumni across the spectrum of industries who bring insights and expertise to the students while the Academic Council provides insights and direction to IFMR GSB’s teaching, design curriculum, research, and related activities.

IFMR GSB has a balanced mix of candidates with industry experience and complete freshers. 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.

The new state-of-the-art campus of IFMR GSB 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, and is a business destination for multinational corporations to establish operations. MBA. Admission is open 

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