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Institute of Finance and International Management, Bangalore

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Institute of Finance and International Management, Bangalore: Admission 2024, Courses, Fee, Placements, Cutoff & Ranking

The Institute of Finance and International Management (IFIM), now known as the Jagdish Sheth School of Management (JAGSOM), was established in 1995 by the Centre for Developmental Education (CDE), a not-for-profit society registered under the Karnataka Society Registration Act. Initially, it was set up to develop finance and management professionals for the rapidly growing financial services industry in India post-liberalization. Backed by the Dalal Street Investment Journal Group, one of India’s oldest and highest circulated financial magazines, IFIM has evolved over the years into a fully fledged business school with a strong focus on quality management education.

IFIM offers various undergraduate and postgraduate programs, with the MBA/PGDM being its flagship course. The institute is accredited by prestigious bodies such as the Association to Advance Collegiate Schools of Business (AACSB) and the South Asian Quality Assurance System (SAQS). It is also approved by the All India Council for Technical Education (AICTE) and certified by ISO 9001:2008. IFIM has been ranked highly in various surveys, including being ranked 1st among the top private MBA institutes in Bangalore by Outlook-ICARE and 3rd in India among the top BBA colleges by GHRDC. The MBA program at IFIM is recognized for its strong curriculum and industry-aligned courses, with a placement record of nearly 90%. The highest salary package offered has been around INR 15 LPA, indicating strong industry connections and job prospects for its graduates.

IFIM boasts a well-planned infrastructure located in Electronic City, Bangalore, which supports its educational and extracurricular activities. The campus is equipped with modern facilities, including 24 digital classrooms, a well-planned library, state-of-the-art labs such as the Prabhudas Lilladher Finance Lab and IBM Business Analytics Lab, and dormitories with 24/7 Wi-Fi connectivity. The institute has over 8 international collaborations, providing opportunities for joint certifications, short-term assignments, and research projects. IFIM also offers a range of extracurricular activities, including sports, club activities, and programs like the Industry Internship Program (IIP), Corporate Mentorship Program (CMP), and Social Immersion Program (SIP). The campus provides a conducive environment for learning and research, with a strong emphasis on holistic development, career advancement, and employability skills.

Particulars Statistics
Establishment Year 1995
Campus Electronic City, Bangalore, Karnataka
Recognized by AICTE, Ministry of HRD, Government of India; NAAC (A Grade)
Rankings (as of 2023) Ranked 3rd among top private B-schools in Bangalore by Outlook-ICARE; Ranked among top BBA colleges in India by GHRDC.
Collaborations ESCP Business School, France; Darden School of Business, University of Virginia, USA; State University of New York (SUNY), Albany, USA; International University of Monaco; University of Wollongong, Australia; EADA Business School, Barcelona, Spain etc.

 

Institute of Finance and International Management, Bangalore: MBA/PGDM Course and Fees 2024

The Institute of Finance and International Management (IFIM) in Bangalore offers a robust MBA/PGDM program, which is its flagship course. Here are the key details:

MBA/PGDM Courses at IFIM Bangalore

Course Duration Average Fees
MBA/PGDM 2 years INR 10,00,000 – 10,20,000
PGDM 2 years INR 4,75,000

 

PGDM Entrepreneurship 2 years INR 7,50,000

 

Executive PGDM 15 months INR 3,75,000
PGDM (Online) 2 years INR 15,95,000

 

 

FAQs on Course and Fees 2024

1. What is the duration of the MBA/PGDM course at IFIM College?

The MBA/PGDM course at IFIM College has a duration of 2 years for the full-time program, while the Executive PGDM is 15 months long. This timeframe is designed to provide comprehensive education and practical experience within a structured period.

2. What are the specializations available within the MBA/PGDM program at IFIM College?

The MBA/PGDM program at IFIM College offers various specializations, although specific details on the specializations are not explicitly mentioned. However, the program is known for its industry-aligned courses and diverse curriculum, which suggests a range of specializations such as finance, marketing, human resources, and more.

3. Is it worth doing MBA/PGDM at IFIM College?

Pursuing an MBA/PGDM at IFIM College can be worthwhile due to its strong placement record, with average salaries ranging from INR 7.50 LPA to INR 15 LPA, and a high placement percentage. Additionally, the college’s accreditation by prestigious bodies and its reputation for providing industry-relevant knowledge make it a viable option for those seeking a quality management education.

 

Institute of Finance and International Management, Bangalore: Admission Process and Important Dates 2024

The admission process for management courses at the Institute of Finance and International Management (IFIM) Bangalore is as follows:

Step 1: Eligibility and Application

  • Candidates must have a Bachelor’s degree in any discipline with a minimum aggregate of 50% marks (45% for SC/ST candidates). Final year students can also apply. Interested candidates need to register on the IFIM official website and fill out the application form, attaching the required documents such as graduation marksheet, category certificate (if applicable), and proof of residence.

Step 2: Entrance Exams

  • Admission to the MBA program is based on scores from national-level entrance examinations like CAT, XAT, MAT, CMAT, GMAT, KMAT, or ATMA. IFIM also conducts its own entrance test, the IFIM Scholastic Aptitude Test (ISAT).

Step 3: Profile Evaluation and Screening

  • Candidates are shortlisted based on their performance in the entrance exams and their academic records. Shortlisted candidates are then called for further evaluation.

Step 4: Essay Writing and Personal Interview

  • Shortlisted candidates must appear for an essay writing test and a personal interview round. The final selection depends on the performance in these rounds.

Step 5: Admission Confirmation

  • Selected candidates receive an offer letter from the college. To secure their seat, they need to pay the registration fee.

 

Important Admission Dates for 2024

Event Dates Venue/Notes
MAT 2024 Registration (CBT Phase 1) Up to Nov 30, 2024 Online
MAT 2024 Registration (PBT and CBT Phase 2) Up to Dec 7 and Dec 15, 2024 Online
MAT 2024 Exams (CBT Phase 1, PBT, CBT Phase 2) Dec 7, Dec 14, Dec 22, 2024 Various centers
CAT 2024 Exam Nov 24, 2024 Various centers
PGDM Application Closing Date Sep 30, 2023 Online
PGDM Date of Commencement Oct 7, 2023 IFIM Campus
PGDM Executive Quarterly Intake Jan, Apr, Jul, Oct IFIM Campus
PGDM Commencement Jul 3, 2024 IFIM Campus

 

FAQs on Admission Process and Important Dates 2024

1. How can I get into IFIM Bangalore?

To get into IFIM Bangalore, you need to meet the course-specific eligibility criteria and follow a three-step admission process: fill out the application form, get shortlisted based on your performance in the qualifying exam or entrance tests like ISAT, CAT, XAT, GMAT, or MAT, and finally, clear the personal interview round. Selected candidates will receive an offer letter and need to pay the registration fee to secure their seat.

2. How to get a seat in Indian Institute of Management at Bangalore?

This question seems to be a mix-up, as the inquiry is about IFIM Bangalore, not the Indian Institute of Management (IIM) Bangalore. However, if you are interested in IIM Bangalore, you would need to appear for the CAT exam, meet the eligibility criteria, and go through the selection process which includes a written ability test and a personal interview. For IFIM, the process involves entrance exams and a personal interview as mentioned earlier.

3. Is IFIM a private or government university?

IFIM (Institute of Finance and International Management) Bangalore is a private institution. It is not a government university but a privately managed college offering various management and commerce courses.

 4. Can I get direct admission for MBA/PGDM at IFIM Bangalore?

No, you cannot get direct admission for the MBA/PGDM program at IFIM Bangalore. Admission to the MBA/PGDM program is based on performance in national-level entrance exams such as CAT, XAT, GMAT, MAT, or the IFIM Scholastic Aptitude Test (ISAT), followed by an essay writing test and a personal interview. There is no provision for direct admission to these programs.

 

 

Institute of Finance and International Management, Bangalore: Placements 2023

At the Institute of Finance and International Management (IFIM) Bangalore, the placement statistics for the 2-year PGDM program in 2023, as per the NIRF report 2024, show a median package of INR 5.7 LPA and a highest package of INR 15 LPA. The institute attracts top recruiters such as Oracle, Deloitte, PWC, FedEx, Nestle, Wipro, and other prominent companies. Graduates of the PGDM in Finance Management can look forward to various lucrative career opportunities, including roles like Chief Financial Officer, Chief Risk Officer, Finance Director, Certified Public Accountant (CPA), Certified Financial Adviser (CFA), Certified Management Accountant (CMA), and Accounting Manager, among others. These roles reflect the strong industry connections and the employability-focused curriculum of IFIM Bangalore.

 

FAQs in Placements 2023

 1. What is the average package for IFIM Bangalore 2023?

The average package for the MBA/PGDM program at IFIM Bangalore in 2023 was INR 7.50 LPA, based on the previous year’s data which is often used as a benchmark. This average package reflects the competitive market placement and the institution’s commitment to securing employment for its graduates.

2. What is the average package of IFIM Bangalore PGDM?

The average package for the PGDM program at IFIM Bangalore stood at INR 7.50 LPA in 2022, which is a common reference point for the current year as well. This average package indicates a strong placement record and industry relevance of the program.

3. What is the highest package offered in IFIM MBA/PGDM?

The highest package offered to MBA/PGDM students at IFIM Bangalore was INR 15 LPA in the 2022 placement drive. This figure highlights the potential for lucrative career opportunities and the institute’s ability to attract top recruiters.

4. What is the placement of MBA/PGDM in IFIM Bangalore 2023?

The placement rate for the MBA/PGDM program at IFIM Bangalore in 2022 was 96%, which is a strong indicator of the institute’s placement performance. During the 2023 placements, the median package was INR 5.7 LPA, with a significant number of students securing jobs through the placement process.