News

3 Students of IFMR Offered 18 Lakhs, Read More

by IBNS 22 Nov 2017, 01:27 pm

Each student takes admission in a post-graduation course with a hope to get good knowledge and skills, and at the end a good placement offer. IFMR has been in the news, most certainly for good reasons, as three students of IFMR namely Charan KM, Harshita G, and Sudipta D bagged job offers of Rs 18 lakh from a European MNC setting up a new facility in India.

Institute for Financial Management and Research (IFMR) is a B-school located in Chennai and is accredited by AICTE.It is an approved institution by the University of Madras for pursuing a 2-year PGDM program degree in Finance, Economics and Management.IFMR has been ranked 22 (All India) in The Hindu Business Line- MBAUniverse.com annual B-School Ranking 2017 on the basis of a comprehensive 360 degree evaluation framework built around three criteria: Input, Process and Output.

When we talk about placements, Institute for Financial Management & Research - [IFMR], Chennai has a flawless placement record. They have set a 100 percent track record when it comes to placements, from the very first batch.

What makes IFMR so unique?

The most unique attribute of IFMR is that it has setup its own research centers under the overall umbrella of IFMR LEAD (A Nonprofit research organization conducting high quality research to improve the development of poor people living in India and other low income countries).

The Institute in itself has been recognized as an Institution of National Importance by the Ministry of Finance and as a social research institution by the Ministry of Science and Technology, Government of India. It has won various awards like CRISIL- A** at National level, placed in A1 category in the Business World, placed in A1 League in AIMA, ranked 27 in National Human Resource Development Network, and has even been honored with ASSOCHAM Award for Best Institute Serving Social Cause in 2016.

Students from IMFR have won in the events like BRAND WARZ (event of IIM Trichy’sDhruva 2016), Strategy competition named 7-SAMURAI (conducted by DoMS), Samanvay 2016 (annual Management fest of IIT Madras).

Courses offered by this institute include Microeconomics, Advanced Microeconomics, Macroeconomics, Accounting, Statistics and Probability Theory, Corporate Finance, BasicEconometric, Financial Econometrics, Asset Pricing.

Why do students prefer Institute for Financial Management & Research - [IFMR], Chennai over other colleges?

When it comes to thecurriculum, Institute for Financial Management & Research - [IFMR], Chennai assure a quality management education with a strong foundation. It offers 22 core and approximately 55 elective courses during the two-year program, spanning 8 disciplines. IFMR also provides unique courses like Financial Engineering, Banking, Financial Services & Insurance (BFSI), and Data Sciences (i.e. Business Analytics) which are also its most popular courses among the candidates.

In the first year, the students get a good grounding across all management disciplines. After that, they undergo a rigorous two-month summer internship in an organization. In the second year, the specialization streams available are Finance, Marketing, IT & Operations, HR, and Financial Engineering, with additional specializations in Banking Financial Services and Insurance (BFSI) and Data Sciences (i.e. Business Analytics). These are offered jointly with the support of the industry professionals in curriculum design and delivery.

IFRM also gives a great opportunity to students in terms of extracurricular opportunities, says Ashok Verma, an IFMR alumni. He adds, “My tenure at IFMR was a wonderful experience. I vividly remember the faculty members taking great pains in explaining every nuance of business with examples. It is here where I first understood what it takes to work in or running an organization, however big or small. The case studies helped me develop my analytical abilities, as well as my communication skills, both of which are critical for success these days. The industry interaction, mentoring opportunities and extracurricular activities helped me develop as a well-rounded professional”.

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.

Finance includes Financial Statement Analysis and Security Valuation, Derivatives and Risk Management, Project Finance and Management, Economic and Resolution, Case Studies in International Finance, Corporate Credit Analysis, Bond Portfolio Management, Mergers and Acquisitions, Micro-Finance Market Practices, Advanced Financial Modeling, Behavioral Finance, Risk Management in Banks and Game Theory.

Mr. N. Vaghul (Chairman of IFMR) believes in investing in the quality students and produce jewels and has created a reputation as its every department has a check mark of the highest quality!

Why expect excellent placements at IFMR?

IFMR is known for its excellent placements record. There are a lot of renowned companies that offer placements to its students.

Talking about the placement records of IFMR in 2015-2017, the numbers of placed students were 179 with 41 recruiters visiting the campus, the average salary package offered was high this year and reached to INR 8.9 lakh per annum.

Every college has one or two recruiters that have been associated with the institute for a long time. Deloitte and ICICI Bank are two such companies that give priority to IFMR’s students.

“Our organisation has been associated with IFMR graduates for some time now and it has been a more than satisfactory experience. The Students are industry ready and well trained in soft skills. They are leaders as well as great team players.” Says the recruiter in Deloitte.

As per the testimonial made by ICICI Bank, “Our experience with the management graduates of IFMR has truly been interesting and exciting. The students are not only technically equipped in the requisite work skills but also excel in their practical applications. Their value addition to the organisation has been immense.”

Alumni speak their heart out on IFMR and its life changing culture…

“The inputs from the case based approach followed in the classroom helped us in understanding the application of theory. The diversity of work experiences from my batchmates would enrich our discussions, adding different perspectives on everything. In the various finance electives I took, we were taught not only taught me how to model cashflows, valuing and pricing them correctly, but also we learnt how to measure the risk of various products” says Rajiv Mohapatra, Lead Consultant, Capgemini from 2011 Batch.

“My two years at IFMR was a transformative experience to say the least. The combination of a dynamic curriculum, state of the art infrastructure, professors that are best in the business and a student community that is so incredibly talented yet amazingly friendly makes IFMR a truly world class institution. I graduated from IFMR with not only a strong foundation in business but also with the confidence to balance my ambition and values” says Vijay Manickavasagam, Product Manager, Amazon Marketplace from the Batch of 2007.

After reading this article, you must get an insight how IFMR is an ideal choice for your post-graduation. The courses offered by this institute, its curriculum and placements make it distinctive from other institutes. If you’re looking for quality education and hope to end up with a degree that provides you overall skill development, then IFMR should be your pick.