In this interview in the special B-School Admission Guide series of Careers360, Ravi Shankar, Training & Development - Programs Officer at Institute for Financial Management and Research Chennai talks about the IFMR unique features of the selection criteria for its PGDM batch 2016-18.
Ravi Shankar mentions that as a part of the admission criteria, IFMR does not follow a weightage model and the applicants are selected purely on the basis of their performance in the WAT and PI rounds. He further tells that Integrity and Mental Soundness, and Commitment and Passion towards learning are the qualities which the admission panel looks for in the application forms. If an application fits well under these factors, the candidates are called for the further rounds of selection. He also clarifies that the key factor of final selection at IFMR is Performance only.
Read the excerpts from the interview below:
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Careers360: What are the application criteria (cut-off and percentile bracket for CAT/XAT/Any other exam) at IFMR?
Ravi Shankar: We accept CAT, XAT, GMAT & GRE (taken in the last 3 years) scores. Our last year cutoff was 80 percentile. The application process is over and we are starting interviews from the month of March.
Careers360: What is the total intake of the flagship PG programme in Management at your institute? Please also mention the annual fee.
Ravi Shankar: Our PGDM program is AICTE and AIU Approved. We plan to admit 180 students for the academic year 2016-18. Our fee excluding boarding/lodging is Rs. 12 lakh for the two-year course.
Careers360: What is your selection criterion for MBA/PGDM programme for academic session 2016-18?
Ravi Shankar: We do not follow a weightage model. Once an applicant is short listed for the WAT/PI process, his /her performance therein becomes the key factor.
The applicant is evaluated for consistency against the factors that helped him/her get short listed.
Careers360: Many top B-schools have replaced GD with WAT. What is your take on this? What is the importance of WAT and how it is helpful for both candidates and B-schools?
Ravi Shankar: For our first 12 batches, we had Group Discussion, and found over a period of time that it was generating more heat and providing less light on the suitability of the candidates.
Writing Ability Test (WAT) helps us check the ability of the applicant to articulate basic ideas in writing. If a candidate does not have the required level of this ability, he/she will find it very difficult to participate in case presentations, quizzes and exams. That is why we have been using WAT for the last three years.
Careers360: What are the factors that influence student’s selection?
Ravi Shankar: First, we are looking at the integrity and mental soundness of the applicant. Then we specifically look for a commitment to learning and a passion to achieve. Based on the track record of academics, entrance test score and achievements listed in the application form, we have a profile of the applicant based on which we shortlist him/her for the WAT/PI selection process. We mainly use the PI to validate the profile constructed by us.
For example, we validate the academic performance by asking the applicant questions in those subjects that he/she has scored the highest marks; these questions only test the basics of the subject and not memory. During the PI, we assess the applicant’s views on current events in his/her area of interest and check whether the views are influenced by facts and logic, or, are a prior positions taken without relation to reality.
Careers360: What makes your campus life or residential programme interesting and distinctive from others?
Ravi Shankar: Our campus life is distinct in three ways:
(1) We have students from across India, and our students form social groups around common interests like sports and cultural activities, which implies, almost all the students constantly interact with others from the rest of India and not from their own region/state/language.
(2) We treat our students as responsible managers and, they, through their membership in various committees, have the opportunity to influence various aspects of running this campus.
(3) We have management development programs for senior managers from corporates and our students get to interact with them.
All these together, increase the richness of their personality and their sophistication. Alumni have remarked that this sophistication, drastically improves their effectiveness in their workplace.
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IFMR doesnot provide 100% placements. But most of the students get placed. Average package is around 8 lakhs. Highest is around 18 lakhs. Many big companies like HDFC, deloitte, etc visit the campus for recruitment. But they only hire students if they find them better in all the aspects.
Institute for Financial and Management Research (IFMR)
The CMAT cutoff is 91 percentile but IFMR adopts profile based criteria.Profile based criteria includes your participation in co-curricular activities like your performance in sports and cultural activities.
So according to me , you can expect a call from IFMR on the basis of your profile based criteria!
Hope this is helpful !
Why dont you use CAT COLLEGE PREDICTOR AND APICET COLLEGE PREDICTOR it will help you choosing the college of your choice and see if you are fit for IFM
all the best to you balaji
i hope this helps
No, you won't be able to get into. The minimum graduation percentage required is 50% .Hence you are not eligible.
Good Luck for the future !
Hi amit, there are a couple of b schools accepting cmat scores as per 2016 report Amrut Modi School of management, B.K.school of business management are s few to name. They are AAA rated colleges.
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