Institute for Financial Management and Research
|Location||Sri City, Andhra Pradesh, India
The Institute for Financial Management and Research (IFMR), is a business school located at Sri City, in Andhra Pradesh, India, about 70 km from Chennai. It is recognized as an Institution of National Importance by the Ministry of Finance and as social research institution by the Ministry of Science and Technology, Government of India. IFMR offers a 2 year PGDM program which is accredited by AICTE and it is an approved institution by the University of Madras for pursuing a Ph.D. degree in Finance, Economics and Management.
- 1 History
- 2 Programs
- 3 Campus
- 4 Rankings
- 5 Student Life at IFMR
- 6 Other Clubs and Committees
- 7 Events
- 8 Partnerships
- 9 Research Centres
- 10 References
- 11 External links
Established in 1970 as a not-for-profit organization, IFMR was sponsored by ICICI, the House of Kotharis and other major industrial groups. The Board of Governors includes eminent leaders and respected academicians from Harvard, Yale, Columbia, IITs and IISc. IFMR is headed by Shri. Narayanan Vaghul, former Chairman, ICICI Bank. The Finance Secretary, Government of Tamil Nadu, and the Vice Chancellor of the University of Madras are ex-officio board members.
Postgraduate Diploma in Management: The PGDM program is a rigorous two year full time program with six trimesters and two months of summer internship. The program was launched in the year 2000 offering core specializations in Finance, Marketing, Human Resource and Operation. The other specializations offered in this program are Financial Engineering, Banking, Financial Services & Insurance (BFSI) and Business Analytics.
Executive Programs: IFMR provides executive programs viz. consulting, certificate as well as fully customized training programs and management development programs, and has till date trained over 15,000 middle and senior managers across various functional disciplines from government, banking, public and private sectors.
PhD: IFMR offers PhD programs in affiliation with the University of Madras and IIT Madras. Disciplines offered include Economics, Finance & Accounting, HR & OB , Strategy and Operations Management.
IFMR has recently set up a 40 acre state-of-the-art campus at Sri City, Andhra Pradesh, 55 kilometers from Chennai. The campus was inaugurated on May 9, 2014 by Dr. Morton Schapiro, President, Northwestern University, USA and Mrs. Chanda Kochhar, MD and CEO, ICICI Bank in the presence of Mr. N. Vaghul, Chairman, Board of Governors, IFMR. . The campus has world class infrastructure encompassing class rooms, seminar halls, library, computer labs, faculty offices, residential hostels, cafeterias, gymnasiums, indoor and outdoor games and recreation facilities. The new campus is strategically located, being at the center of a fast growing integrated business city surrounded by world class companies such as Alstom, Kobelco, Isuzu Motors, Colgate, Cadburys, Kellogg’s, PepsiCo, etc along with a scenic view of the Tirumala hills in the backdrop. It is also at a close proximity to recreational places with beautiful sand and sea along with scenic hills and waterfalls such as Pulicat lake, Bird sanctuary, Tada Waterfalls and Sathyavedu Forest.
IFMR was ranked 20th in “Top B-Schools in India 2013” by CNBC TV18 in the “Overall Category”. CRISIL has currently ranked IFMR with A*** (State Level) and A** (National Level) rating. IFMR has also received the Dewang Mehta award in 2010 for the best academic input in Finance in the country.
Student Life at IFMR
Apart from academics, student life at IFMR encompasses activities that inculcate service and team spirit in students. IFMR has a total of 9 clubs and committees. The activities range from hosting campus events, handling external resources, placements, alumni, sports, social service and cultural events and festivals. These clubs provide students with an opportunity to explore their forte and aids in giving them a holistic growth on a personal level as prospective managers. IFMR clubs include the following:
Markaholic, the Marketing club of IFMR aims at creating a grass root level interest among the students and teasing their appetite for marketing. It also looks to provide an all-round experience for the students by floating live project opportunities in marketing, organizing talks, panel discussions, workshops, case competitions and marketing events.
Samarthan is the oldest club of IFMR and started in 2005.Its main motive is to serve the Society. It has been the interface between the students, voluntary organizations and the society. The various activities organized by the club are Lakshmi Bal Mahotsav, Eye camp, Cardio Camp, Blood Donation Camp, Contributing to Goonj (a social enterprise), Joy of giving week,etc
Arthasabha, the Finance Club of IFMR, caters to a wide variety of finance – related interests, particularly stock trading, financial modeling, equity research, corporate finance and investment banking. The club is also responsible for organizing the flagship National Level Finance Summit in association with BSE.
Synergy-The HR committee
IFMR is a member of National Human Resource Development Network (NHRDN).The HR committee of IFMR ‘Synergy’ supplements the growing interest of HR enthusiasts through events and provides a platform to prove their prowess. Students get opportunity to attend various conferences, competitions, summits conducted by NHRDN and other HR forums and focus groups.Synergy conducts various team building exercise, crisis simulations in the form of intra and inter college games. Synergy coordinates with various HR Forums like CHROMA, Nasscom for HR meets and conferences.
The Cultural club at IFMR ensures that students enjoy the vibes to the fullest. All cultural and creative activities are organized by this club.
The sports committee of IFMR conducts sports ranging from cricket to table tennis, the club provides the opportunity to every student to follow their passions. Regular intra and inter college events provide ample choices to students with the drive for sports. The club also comes up with innovative sporting events by tweaking the traditional rules of the games. Gully cricket, Futsal (IFMR’s version of Football), TT tournaments, etc.
The Entrepreneurship club enables the students to hear from and understand the start up arena and interact with venture capitalists, bright young entrepreneurs, and prominent incubators.
The placement committee of IFMR works in conjunction with the placement cell and management of the college, aiming at establishing and maintaining corporate relations. It strives to provide the students of IFMR the best available placement opportunities.
Other Clubs and Committees
EDGE-The Consulting Committee
Speaker’s Club (The Literary Club of IFMR)
External Relations Committee
Student Welfare Committee
Insight - The Marketing Club
Abhyudaya, the annual flagship event of the college works with a new theme every year. Over the years, it has evolved into a full –fledged B-School fest recognized for its excellence and its uniqueness in being purely focused on the branches of management, namely Finance, Marketing, HR, IT and Operations. This event is held in the month of February has seen active participation of over 2000 students from well-known institutions like the IIMs, FMS, XLRI, SP Jain, SIBM, NMIMS, KIAMS, LIBA, GIM etc.
Lakshmi Bal Mahotsav
Samarthan organizes Lakshmi Bal Mahotsav every year in memory of Ms.Lakshmi Iyer Appu, a student of IFMR. It was launched in 2010. This event is aimed at providing a day of fun, learning and sharing for the underprivileged kids. The event witnesses the participation and contribution from individuals, Alumni and various corporates such as State Bank of India, WS Group, ITCot, Dare2Compete.com (Online Media Partner), Business Line (Media Partner) ,Research Centers of IFMR and the IFMR Trust.
The Department of Management Studies, Indian Institute of Technology Madras (IIT, Madras) and IFMR have signed an MOU in April 2014 at the office of Director of IIT Madras. The objective of this MOU was to further their common interest in promoting mutual cooperation in research. The scope includes offering of courses, sharing of academic knowledge, infrastructure and materials, jointly guiding research at masters/doctoral levels, collaborative research and other academic exchanges.
IFMR’s research centres - Centre for Advanced Financial Studies, Centre for MicroFinance, Centre for Development Finance, Small Enterprises Finance Centre – provide students interested in these areas with opportunities to participate in cutting edge research through both internships and final placements. MIT’s Poverty Action Lab for South Asia is hosted by IFMR as is the Centre for Digital Financial Inclusion, funded by the Gates Foundation.
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