Institute for Financial Management and Research

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Location, ,
13°33′07″N 79°59′43″E / 13.551884°N 79.995392°E / 13.551884; 79.995392Coordinates: 13°33′07″N 79°59′43″E / 13.551884°N 79.995392°E / 13.551884; 79.995392

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. IFMR offered a 2-year PGDM program which is accredited by AICTE till 2016. Currently it offers a 2-year MBA program. It is an approved institution by the University of Madras for pursuing a Ph.D. degree in Finance, Economics and Management.[1]


Established in 1970 as a not-for-profit organization, IFMR was sponsored by ICICI, the House of Kotharis and other major industrial groups. 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 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.[2]

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.[3]

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.[4]


Main Block

IFMR has recently set up a 40-acre 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 infrastructure encompassing class rooms, seminar halls, library, computer labs, faculty offices, residential hostels, cafeterias, gymnasiums, indoor and outdoor games and recreation facilities.


Institute rankings
Business/Management – India
NIRF (2018)[5]34

Institute for Financial Management and Research was ranked 34 by the National Institutional Ranking Framework (NIRF) management ranking in 2018.[5]



Abhyudaya, the annual flagship event of the college works with a new theme every year. This event is held in the month of February has seen active participation of over 2000 students from institutions like the IIMs, FMS, XLRI, SP Jain, SIBM, NMIMS, KIAMS, LIBA, GIM etc.

Lakshmi Bal Mahotsav[edit]

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, (Online Media Partner), Business Line (Media Partner), Research Centers of IFMR and the IFMR Trust.


IIT Madras[edit]

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.

Research centres[edit]

IFMR's research centres – Centre for Advanced Financial Studies, Centre for MicroFinance, Centre for Development Finance, Small Enterprises Finance Centre. 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.


  1. ^
  2. ^ "PGDM — IFMR".
  3. ^
  4. ^ "PHD — IFMR".
  5. ^ a b "National Institutional Ranking Framework 2018 (Management)". National Institutional Ranking Framework. Ministry of Human Resource Development. 2018. Retrieved 3 April 2018.

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