Latest Update: IFMR Chennai MBA admission has begun and the last date to apply for Round 1 is January 30, 2024. CAT 2023 Admit Card will be released on November 7, 2023 and the exam is scheduled for November 26, 2023. XAT 2024 registration has begun, and the last date to apply is November 30, 2023, and the exam is scheduled for January 7, 2024. NMAT 2023 exam is Scheduled between October 10 to December 19, 2023. Interested Candidates can apply through the official Website.

IFMR Chennai MBA is a 2-year full-time program that is divided into 5 terms and a 2-month internship offered at the end of the first year. Anyone who holds a bachelor's degree with 60% marks are eligible to apply for the MBA program. Freshers are welcomed and work experience is not mandatory, though it can provide an additional advantage during the admission process. IFMR Chennai MBA tuition fee is INR 14,21,000 for 2 years. I

FMR Chennai MBA admission is based on CAT/ XAT/ NMAT/ GMAT/ CMAT/ GRE scores, followed by a Written ability test and Personal Interview. Interested candidates can register online by filling out the application form and paying the application fee of INR 1,500.

Read More: IFMR Chennai Admission 2024

IFMR Chennai MBA Course Highlights

  • In the NIRF 2023, the institute has been placed at 74th rank for Private MBA.
  • Among India's private schools, IFMR Chennai has one of the highest "Faculty: Student" ratios for the MBA program.
  • The program is divided into 5 terms over two years, with summer internships between the first and second years.
  • IFMR Chennai had offered 86% of the placement to the MBA batch with an average salary of INR 13 LPA.
  • The course fee for the MBA program is INR 14,21,000 and the total number of seats offered in the IFMR MBA program is 180.

IFMR Chennai MBA Ranking

Ranking Body Category Rank
NIRF 2023 Management  74

IFMR Chennai MBA Important Dates 2024

MBA
Event  Important Dates
Round 1 Round 2 Round 3 Round 4
Application Opens October 25, 2023
Application Closes January 30, 2024 February 29, 2024 March 30, 2024 April 30, 2024
Interview Registration  February 3, 2024 March 5, 2024 April 3, 2024 May 7, 2024
Interview Dates  February 6 - 8, 2024 March 8 - 9, 2024 April 6, 2024 May 11 - 14, 2024
Registration, Orientation, and Class Begins First Week of July 2024
CAT Dates
CAT Registration Starts August 2, 2023
CAT Registration Ends September 21, 2023
CAT Admit Card November 07, 2023
CAT Exam Date November 26, 2023
XAT Dates
XAT Registration Opens July 15, 2023
XAT Registration Closes November 30, 2023
Last Date for XAT Application through GMAT / GRE December 31, 2023
XAT Exam Date January 07, 2024 (2:00 PM to 5:10 PM)
NMAT Events Dates
NMAT Registration August 1 - October 12, 2023
NMAT Scheduling August 1 - October 21, 2023
NMAT Re-Scheduling August 1 - December 16, 2023
NMAT Exam Dates October 10 - December 19, 2023
NMAT Registration Retake October 11 - December 16, 2023
NMAT Retake Scheduling October 11 - December 16, 2023
NMAT Last Date for Scorecard Download March 31, 2024

IFMR Chennai MBA Eligibility Criteria & Fees

Candidates need to meet the below-mentioned eligibility criteria for admission into the IFMR Chennai MBA program:

  • Candidates need to have a Bachelor's degree from a recognized university in a relevant discipline with 60% aggregate marks.
  • Candidates born after January 01, 1996 are eligible to apply.
  • Along with it, candidates need to have 60% aggregate marks in the 10th and 12th exams. 
  • Work experience is not mandatory but credits will be given to those who have full-time experience up to 36 months.

 IFMR Chennai MBA Fees

The total tuition fee for the IFMR Chennai MBA program is INR 14,21,000.

Fee Description Amount in INR
Tuition Fee: 1st Instalment inclusive of Admission Acceptance Fee:
a. Admission Acceptance Fee INR 35,000
b. Balance First Instalment Fee INR 4,02,000
Refundable Caution Deposit INR 35,000
Year-1 Living Fee (Boarding & Lodging Charges including laundry charges upto INR 500 per month) INR 1,80,000
Tuition Fee: 2nd Instalment INR 4,37,000
Tuition Fee: 3rd Instalment INR 5,82,000
Year-2 Living Fee (Boarding & Lodging Charges including laundry charges upto INR 500 per month) *Indicative amount subject to revision based on the inflation and other costs INR 1,95,200
Alumni Fees INR 5,000

Read More: IFMR Chennai Courses & Fees

The admission is based on CAT/ XAT/ NMAT/ GMAT/ CMAT/ GRE scores. The application process for the IFMR Chennai MBA program is conducted online. Eligible candidates need to appear for the Written Ability Test (WAT) and Personal Interview. The final selection is made based on the entrance test scores, WAT, Personal Interview, and Educational Qualifications.

How to Apply?

  • Visit the official website of the IFMR Chennai.
  • Click on the 'Apply Now' Option.
  • Create the login credentials by registering for the IFMR Chennai MBA.
  • Login and fill up the application form mentioning all the requirements.
  • Pay the Application fee of INR 1,500
  • Upload the necessary documents mentioned and submit the Application form.

IFMR Chennai MBA Entrance Exam

CAT Entrance Exam Details:

  • The CAT has a duration of two hours (120 minutes) and each component has a time limit of 40 minutes.
  • CAT Exam highlights three sections: Quantitative Aptitude, Verbal Ability & Reading Comprehension, and Data Interpretation and Logical Reasoning.
  • The CAT VARC portion has 34 questions, 10 of which are from the Verbal Ability section. The remaining 24 questions are based on passages of reading comprehension.
  • Para jumbles, phrase correction and completion, and summary-based questions are all asked in the verbal ability part.
  • There are 16 questions in the Logical Reasoning section, ranging from inequalities to symbol operations and a direction sense exam and many cases are asked in the data interpretation section.

GMAT Entrance Exam Details:

  • The GMAT entrance exam is divided into four components.
  • Quantitative reasoning, integrative reasoning, verbal reasoning, and analytical writing assessment are segments of the GMAT Entrance Exam.
  • An optional descriptive-type question is included in the Analytical Writing Assessment.
  • The first three sections contain multiple-choice questions (MCQs).

IFMR Chennai MBA Cutoff 

The cutoff for the various entrance exams as prescribed by the IFMR Chennai is tabulated below:

Entrance Exam Cutoff
CAT 2022 & 2023 75 percentile
CMAT 2024 Score of 220
XAT 2023 & 2024 75 percentile
GMAT 2022, 2023 & 2024 Score of 650
GRE 2022, 2023 & 2024 Score of 310
NMAT October - December 2023 Score of 222

IFMR Chennai MBA Course Details

IFMR Chennai MBA program is divided into three different terms. There are a total of seven electives offered in the final year of the IFMR Chennai MBA program. The detailed course structure for the IFMR Chennai MBA program is listed below:

  • Duration: The IFMR Chennai MBA program is divided into three different trimesters offering various subjects.
  • Course Schedule: Typically, students are exposed to core courses during their first academic session, which is required to develop managerial abilities. Students can choose elective classes during the final academic session. 
  • End-of-Term Evaluation: The students' end-of-term evaluation is aimed to encompass all aspects of the continuous assessment for the whole course. Regular quizzes, presentations, assignments, projects, and other relevant activities are used to evaluate students.
  • Electives: The total number of electives in the IFMR Chennai MBA program is seven in number. The list includes Strategy Management, Marketing, Data Science & Informatics Systems, Economics, OB & HR, Operations Management, and Finance & Accounting.
  • Summer Internship: The program includes a 2-month summer internship at the end of the first year. The initiative is overseen by both a faculty advisor and industry executives. To calculate the total CGPA, the grade earned on the summer project is counted.

The term-wise syllabus for the IFMR Chennai MBA Program is listed in the table below:

Term 1 Term 2 Term 3
Managerial Accounting Management Accounting-II Marketing Research
Management Accounting-I Finance Foundation People Management
Marketing Management Business, Ethics and Society Managerial Decision Making-Advanced Statistics
Marketing Communication Leading Organization Strategic Management
Managerial Decision Making-I Managerial Decision Making-Basic Statistics Operations Management
Business Information Systems - Corporate Finance

IFMR Chennai MBA Placements

IFMR Chennai is ranked among the top private institutes offering MBA programs. IFMR Chennai features a different placement cell responsible for the recruitment process for the students. The key highlights of the Placements for 2022-23 include:

  • 158 of the 184 students accepted job offers from top firms in a variety of industries.
  • The average CTC went up to 20% in the last year, with an average CTC of INR 13 LPA and the highest CTC was INR 20 LPA.
  • This year the institute was able to attract some international companies, offering futuristic roles like Risk Management, Consulting, Analytics, and Regulatory Reporting. 
  • The top recruiting sectors were BFSI, Consulting, and IT. 
  • Around 39 recruiters put their trust in IFMR Chennai. 
  • In the 2024 internship, around 60 students were able to get internship offers with the highest stipend of INR 1 lakh per month. 

The top recruiters who visited the campus for the IFMR Chennai MBA include:

Nomura Deloitte Morgan Stanley
Axis Bank EY Wells Fargo
HSBC JP Morgan Chase & Co Societe Generale

Read More: IFMR Chennai Placement

IFMR Chennai MBA Scholarship

IFMR Chennai offers scholarships to MBA Students. The total number of scholarships offered by the IFMR Chennai is 4 in number. The detailed scholarships offered to the MBA program are listed below:

  • Full Tuition Fee Waiver: Three meritorious students will receive full tuition fee waiver scholarships from the IFMR Chennai. The academic record of applicants results on competitive exams, and performance on admissions criteria such as written tests and interviews will be used to determine if they are eligible for these scholarships.
  • Merit Cum Means Scholarship: The top 10 students who match the aforementioned eligibility criteria will be considered for a scholarship based on the Scholarship committee's recommendations. Each student will receive a scholarship worth up to INR 2 lakhs. At the end of the first year, candidates must have a minimum CGPA of 3.50 and the family's annual income is less than INR 10 lakhs.
  • T. Thomas Scholarship: Hindustan Unilever Limited (HUL) has chosen IFMR Chennai as one of five business schools in India to receive the T. Thomas Scholarship for Business Leaders, which will be awarded to a second-year student from the outgoing batch. The scholarship will be worth INR 1 lakh.
  • Merit Scholarship: Merit scholarships are provided based on the CGPA at the end of the second year; INR 2 Lakhs for first place, Three students in the next three ranks will receive INR 1 lakh apiece. If more than one student has the same CGPA, the scholarship money will be divided equally among them.

IFMR Chennai MBA FAQs

Ques. What is the IFMR Chennai MBA application fee required for admission?

Ans. Candidates need to pay the Application fee of INR 1,500 irrespective of their category via the online gateway. The fee is non-refundable and can be paid by Credit Card/ Debit Card/ Netbanking gateway. The Application fee needs to be paid before the final submission of the Application form.

Ques. Is there any loan assistance provided to IFMR Chennai MBA students?

Ans. IFMR Chennai provides Education Loan Assistance for MBA Students. The education loan is provided by Axis Bank, ICICI Bank, HDFC Credilla and Wemakescholars. The loan amount can vary from INR 2 Lakhs to 2 Crore. The rate of interest varies from one bank to another.

Ques. Is the IFMR Chennai MBA program a residential course?

Ans. IFMR Chennai MBA program is a residential course. Candidates need to mandatory stay in the hostel which is located inside the campus. Candidates need to pay a two years Living fee separately for the hostel, medical insurance and other liabilities. 

Ques. Is work experience mandatory for IFMR Chennai MBA admission?

Ans. Work experience is not mandatory however, candidates with work experience of 0 to 36 months, as on the date of the deadline for submission of application, can apply.

Ques. Does IFMR Chennai MBA admission have any quota?

Ans. No, IFMR Chennai does not have any quota system and \admissions are based purely on merit.