Leading business school in India is IFMR Graduate School of Business (formerly Institute for Financial Management and Research). It was founded in 1970 as a non-profit organization to offer businesses and the government research-based contributions in the fields of economics and finance. One of India’s most esteemed management programs, the IFMR’s two-year Post Graduate Diploma in Management (PGDM) curriculum was first introduced in 1999.
Additionally, the institution features a robust internship program. During the summer between their first and second year, students must do a 12-week internship. Students have the chance to expand their professional networks and get practical experience through the internship program.
Factor For Strong Placement Record
- 100% placement: IFMR has a history of successfully placing all of its PGDM graduates. This demonstrates the high caliber of its instruction and its solid connections to business.
- Competitive salaries: Graduates of the IFMR obtain wages that are competitive. The highest domestic pay for the 2023 class was INR 22.90 lakhs, while the average CTC was INR 13.50 lakhs annually.
- Strong industry connections: IFMR has a wide network of connections to top businesses. This enables students to network with professionals in the sector and offers them access to a variety of career options.
- One student one offer policy: A student at IFMR is only permitted to accept one employment offer under the organization’s “one student, one offer” principle. This approach makes sure that every student has an equal chance to get hired by a reputable organization.
- Good internship program: The IFMR offers a good internship program that allows students to develop their professional networks and acquire experience in the real world.
Placement Process of IFMR
- Pre-Placement Talks (PPTs): Companies interested in recruiting from IFMR/Krea University visit the campus and conduct pre-placement talks to introduce themselves to the students. These talks provide insights into the company’s culture, job roles, and career opportunities.
- Resume Submission: Students who wish to participate in the placement process usually submit their resumes to the Placement Cell. Crafting a well-structured and tailored resume is crucial to showcase their skills and qualifications effectively.
- Shortlisting: Companies review the submitted resumes and shortlist candidates based on various criteria, such as academic performance, skills, and relevant experience. Shortlisted candidates are invited for further rounds of the selection process.
- Interviews: Shortlisted candidates typically face one or more rounds of interviews, which may include technical interviews, HR interviews, or a combination of both. These interviews assess candidates’ knowledge, problem-solving abilities, and cultural fit with the company.
- Group Discussions (GDs): Some companies may conduct group discussions to evaluate candidates’ communication skills, teamwork, and their ability to present their views persuasively.
- Final Selection: After completing all selection rounds, companies make their final selections and extend job offers to the chosen candidates.
- Job Acceptance: Students who receive job offers have the option to accept or decline them based on their preferences and career goals.
- Placement Statistics: IFMR/Krea University typically releases placement statistics that include information about the average salary, highest salary, the number of offers, and the sectors where students have been placed.
Top Recruiters of IFMR
- Deloitte
- JPMC
- KPMG
- Wells Fargo
- HSBC
- Credit Suisse
- Axis Bank
- HDFC Bank
- Kotak Mahindra Bank
- ICICI Bank
- Boston Consulting Group
- Bain & Company
Placements of IFMR
| Particulars | 2022 | 2023 |
|---|---|---|
| Total students | 184 | 200 |
| Companies participated | 55+ | 65+ |
| Offers made | 188 | 200 |
| Placement percentage | 100% | 100% |
Packages at IFMR
| Specialization | Highest Package | Average Package | Lowest Package |
|---|---|---|---|
| Finance | INR 22.90 LPA | INR 14 LPA | INR 10 LPA |
| Marketing | INR 21 LPA | INR 12 LPA | INR 8 LPA |
| Operations | INR 20 LPA | INR 11 LPA | INR 7 LPA |
| Human Resources | INR 19 LPA | INR 10 LPA | INR 6 LPA |
Frequently Asked Question
Yes, students have the option to pursue higher studies such as postgraduate degrees or research opportunities instead of participating in placements. The institute often supports students in their academic pursuits and career choices.
The placement cell at IFMR Graduate School of Business is responsible for facilitating the placement of students in top companies. They do this by building relationships with recruiters, organizing placement drives, and providing students with training and support.
Yes, international placement is available at IFMR Graduate School of Business. The school has partnerships with leading international companies, and students have the opportunity to be placed in roles in countries such as the US, UK, Singapore, and Dubai.
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