Institute for Financial Management and Research

Infobox_University
name = IFMR


motto =
established = 1970
city = Chennai
state = T.N.
country = India
website = [http://www.ifmr.ac.in www.ifmr.ac.in] The Institute for Financial Management and Research (IFMR), Chennai, is a leading business school with the objective of molding bright and ambitious young managers into effective executives in a global setting. IFMR’s curriculum offers a mix of theory and simulated real life exposure. Its graduates are equipped to meet challenges from the day they are absorbed into the corporate sector.

History

Established in 1970 as a non-profit organization, IFMR was sponsored by ICICI, the House of Kotharis and other major industrial groups. The Board of Governors includes leaders of major corporations in India. The Finance Secretary, Government of Tamilnadu, and the Vice Chancellor of the University of Madras are ex officio board members.

Recognized as a Social Science Research Institute by the Department of Scientific and Industrial Research, Government of India, IFMR is approved as an institution of national importance by the Ministry of Finance. Faculty members have worked and consulted with both national and international organizations. Students, too, are involved in these projects, ensuring continuous interaction with industry. IFMR is also an approved institution by the University of Madras for pursuing a Ph.D degree in Finance and Economics. The Institute has an excellent faculty with high scholastic and project consultancy achievements. With a large number of renowned companies visiting the campus every year, IFMR has a very good placement record.

Programs offered

* 2-year full time program - Post Graduate Diploma in Management.
* 2-year full time program - Post Graduate Diploma in Management - Financial Engineering.
* 2-year full time program - Post Graduate Diploma in Sustainable Finance.
* 3-year part time program – Post Graduate Diploma in Business Management.
* IFMR also conducts Management Development Programs for executives.

Distinguishing Features of IFMR's Programs

*The Spirit of the Programs:

IFMR focuses on practical application of concepts. This is reinforced by constant interaction with industry for project work. Students have worked on projects like credit appraisal, investment patterns of small and medium enterprises, the feasibility of marketing particular products and other assignments, in close interaction with industry. This exposes them to real life situations and helps them attune themselves to core job necessities once they are recruited. They are also expected to be active participants, not passive listeners in class, which once again, helps train them to think for themselves.

*The Right Balance of Size and Focus:

Students at IFMR are given a high degree of personal attention by the faculty members, who act as mentors. At the same time, they are given the freedom to make decisions about their work schedule in order to meet deadlines.

*Diversity of Participants:

The student community at IFMR is truly pan Indian and the environment multi-cultural. The students come from diverse educational backgrounds, ranging from Hotel Management and Economics through Engineering and Sciences.

*Teamwork:

Teamwork forms the essence of the course curriculum. Multi-cultural and multi-disciplinal teams help transform students into global managers.

*Faculty with Business Experience:

The faculty at IFMR is actively involved in research and consulting. As consultants to many reputed companies, they bring a wealth of industry experience to the classroom. This, together with their knowledge of the latest developments in the academic field, contributes to give the students of IFMR an edge over other B-schools.

*Active Research Culture (Knowledge Creation):

Research is a core activity at IFMR. This is reflected in the quality of the curriculum and has resulted in a culture that helps students go beyond their books to explore global issues.

The first six batches of the PGDBM program have had 100% placement record in a variety of companies. All the students of the Batch-7 of PGDBM have been placed with an average salary of Rs 6.75 Lakhs per annum and with a highest package of Rs. 8.5 Lakhs.

IFMR helps to make cutting-edge knowledge available in chosen areas of management.

*External Recognition:

Recently IFMR was ranked 10th by Outlook Magazine(sept 2007 issue) among Private B-schools in India and in intellectual capital.

External links

* [http://www.ifmr.ac.in IFMR homepage]