After shortlisting, selection purely depends on WAT-PI Performance, says Ravi Shankar, Programs Officer, IFMR Chennai
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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Questions related to IFMR
which is best among IFIM and IFMR for pgdm finance
Both the colleges are good. But Institute of Financial Management and Research , Chennai (IFMR ) is much better and more ahead from Institute of Finance and International Management in terms of faculty, Placement, profile offered and others too. IFMR also has smaller size batches as compared to IFIM. According to 2018 batches , placement was 8.3 lakhs per annum of IFMR and 7.43 lakhs per annum of IFIM. According to PGDM Finance also the college is good and student get good jobs.
I hope your question has been answered properly!
All the best for your future!
I scored 84 percentile in CMAT 2020 exam and have 2 years of work experience and first division in both X and XII also secured 79 percent marks in graduation. So can I expect to get a call from IFMR?
IFMR is the private college which is located 70km away from Chennai. It is a good college for pursuing.
You have scored good and there is a chance for call from IFMR . You also have a work experience which is plus for you
Here is the link by which you can predict your college through CMAT score:-
I hope this helps.
how is IFMR college ( Krea University)
IFMR GSB is one of the best B School in terms of placement, faculty, profile offered and others. Dr. V Anantha Nageswaran is the Dean of IFMR GSB. Dr. Nageswaran, who is a management graduate from IIM Ahmedabad and has done his Doctorate from the University of Massachusetts, has been recently appointed as a member of the Economic Advisory Council to the Prime Minister.
is IFMR CHENNAI worth it for investing in 2 year there ?
Ifmr chennai are last few years stands for the very knowingly best college. It is stands for a best business school in case of learning and courses. It is one of the best management institute in southern india. Placement are also good this year average CTC is 8lpa and highest CTC is 14 lpa.
Hope for the best.
What is the placement scenario of ifmr, Is there 100 percent placement???
IFMR GSB is a good Business School in terms of placement. For the batch 2017-19 average salary offers is INR 8.67 lpa and highest is 18.8 lpa. Top Recruiters are REC, CRISIL, Credit Suisse, J P Morgan Chase and Co, HSBC, Deloitte, KPMG, HDFC Bank, CITI Bank, Standard Charted and Many others. Check detail: