Chennai, Tamil Nadu
IFMR Graduate School of Business
IFMR Graduate School of Business (GSB) located in Chennai is a well-established institution with over 50 years of history, known for its quality education and forward-thinking approach. Located within Krea University, IFMR GSB offers a comprehensive learning experience aimed at shaping future business leaders.
IFMR's diverse student body comes from all over the country, and its faculty consists of experienced academics and industry experts, ensuring a rich learning environment that promotes collaboration and critical thinking.
It's MBA program is designed to prepare students for the challenges of the real world by incorporating practical learning opportunities and emphasizing important skills like problem-solving and adaptability.
With a focus on ethics and values, IFMR aims to equip it's students with the knowledge and integrity needed to succeed in today's global business landscape.
IFMR Chennai 2024: Courses
IFMR GSB, Krea University offers two distinct programs catering to different needs and career stages:
Post Graduate Programme in Management (MBA):
This is a two-year full-time residential program designed to provide a comprehensive education in management. Students undergo rigorous training in various functional areas such as finance, supply chain and operations, and industrial relations and human resources.
The curriculum is carefully crafted to equip graduates with the skills and knowledge needed to excel in today's competitive business environment. With a focus on experiential learning and practical application, the MBA program prepares students for leadership roles in diverse industries.
Executive MBA (Customized for L&T; Construction):
This program is tailored specifically for executives working at L&T; Construction. It spans over three years and is delivered through a combination of on-campus classes, online sessions, workshops, and individual dissertations/projects at the participants' workplaces.
The selection process involves written tests and personal interviews conducted by IFMR GSB faculty at various L&T; Construction offices across India. The curriculum is designed to align with the roles and responsibilities of executives, covering core management courses in the initial phase and offering specialization options in finance, supply chain and operations, or industrial relations and human resources later on.
Participants also undertake individual dissertations/projects related to their work, guided by IFMR GSB faculty, and attend workshops focusing on contemporary issues to enhance their practical skills and knowledge.
IFMR Chennai Accepting Exams
IFMR GSB accepts the following national-level entrance exams for admission to MBA:
| Entrance Exam | Years Accepted |
| CAT (Common Admission Test) | 2022, 2023 |
| XAT (Xavier Aptitude Test) | 2023, 2024 |
| CMAT (Common Management Admission Test) | 2024 |
| NMAT (NMIMS Management Aptitude Test) | 2023 |
| GMAT (Graduate Management Admission Test) | 2022 - 2024 |
IFMR 2024 Fees Structure
The program's tuition fee amounts to INR 14,56,000/- (Rupees fourteen lakhs and fifty-six thousand only). It's important to note that this fee does not cover living expenses or alumni fees, which are outlined separately in the table below.
\Notably, there hasn't been an increase in the tuition fee for the MBA program compared to the previous batch. Further details regarding additional fees and the payment schedule can be found in the table provided.
| S.No | Fee Description | Amount in INR | Tentative Timelines for Payment |
| 1 | Tuition Fee: 1st Installment (inclusive of Admission Acceptance Fee) | 40,000 + 4,05,000 | When accepting the offer |
| a. Admission Acceptance Fee | 40,000 | ||
| b. Balance First Instalment Fee | |||
| - Part-1 of first Instalment Fee | 1,35,000 | ||
| - Part-2 of first Instalment Fee | 1,35,000 | ||
| - Part-3 of first Instalment Fee | 1,35,000 | ||
| 2 | Refundable Caution Deposit | 35,000 | 20-Jun-24 |
| 3 | Year-1 Living Fee (Boarding & Lodging Charges including laundry charges up to INR 500/- per month) | 2,00,000 | 20-Jun-24 |
| 4 | Tuition Fee: 2nd Instalment | 4,45,000 | 30-Nov-24 |
| 5 | Tuition Fee: 3rd Instalment | 5,66,000 | 30-Jun-25 |
| 6 | Year-2 Living Fee (Boarding & Lodging Charges including laundry charges up to INR 500/- per month) | 2,10,000 | 30-Jun-25 |
| 7 | Alumni Fee | 5,000 | 30-Jun-25 |
Notable Alumni
Here are some notable alumni from IFMR GSB:
- Hari Tripathy: Currently serving as Director at HCL Technologies.
- Yogesh Chordia: Co-owner of Rajdeep Investments and Sumerchand & Co.
- Vijay Manickavasagam: Holds the position of Product Manager at Amazon Marketplace in the Greater Seattle Area.
- Amruth Krishnan: Director of Trading at Credit Suisse in the Greater New York City Area.
- Dr. N Chandrasekaran: Serving as a Faculty member at LIBA, Chennai.
Frequently Asked Questions
Where is IFMR Graduate School of Business (GSB) located?
IFMR GSB is located in Sricity, Andhra Pradesh, India.
What programs are offered at IFMR GSB?
IFMR GSB offers a Post Graduate Program in Management (MBA) and an Executive MBA customized for executives of L&T; Construction.
What is the total fees for IFMR MBA?
The total fees for the MBA program at IFMR amount to ₹14.56 Lakhs.
Which exams are accepted by IFMR?
IFMR accepts scores from CAT 2022/2023, XAT 2023/2024, CMAT 2024, NMAT 2024, GMAT (2022-24), and GRE (2022-24).
Does IFMR accept CMAT score?
Yes, IFMR GSB accepts CMAT scores for admission.
What is the average package of IFMR Bangalore?
The average package for IFMR GSB Placements in 2023 was recorded at INR 13.50 LPA.
