“This alignment of the students at IFMR with industry, particularly with BFSI sector, has been a natural progression. IFMR is the first of its kind institution in Asia with the specific objective of providing research-based inputs to industry and to be a source of guidance for policy making for financial institutions and banking sector in the area of economics and finance”, said Prof. P.K Biswas, Director at IFMR.
This is one reason for consulting jobs growing from 45% to 55%. Consulting and FinTech organisations like, Deloitte, HSBC and CRISIL recruiting from IFMR in huge numbers. “Daimler Financial Services is one of the new recruiters this year; and they have taken students for roles in Sales and Marketing, apart from Risk”, added Prof. Suresh.
Last year the Class of 2017 notched a new high with highest salary on campus jumping to INR 18 lakhs per annum (34% higher than previous batch 2014-16) & average CTC increasing from INR 8.5 lacs to 9 lakhs per annum. Over 1/3rd of IFMR students went to Consulting firms, another 1/3rd went to Financial Services, and about 1/4th went to Banks, More than 1/3rd of the students were placed in roles like Risk, Credit, and Research (related to Finance and Financial Engineering), around 20% of the students were placed in Sales / Marketing roles, and another 20% were placed in Operations roles. The others were placed mostly in consulting roles.
IFMR students undergo a rigorous selection process that takes into account overall profile based on competitive exam scores, academic performance and personal interviews. IFMR maintains a strong gender balance (33%), and a good mix of students from all over the country with work experience and fresh graduates with a variety of academic backgrounds. One can apply online: http://forms.ifmr.ac.in/user