“If India grows at 8 to 9 per cent per annum, per capita GDP will increase from the current level of USD 1,600 to USD 8,000 by 2030”

Chennai: The Institute for Financial Management & Research (IFMR) held their convocation-2017 at their Sri City campus today. Dr. C. Rangarajan, Former Chairman, Economic Advisory Council to Prime Minister and Former Governor of RBI and Chairman of MSE was the Chief Guest and delivered the convocation address.

Addressing the convocation, Dr. C. Rangarajan said, “The importance of higher education in building up a nation is well recognized today. The agricultural, industrial and scientific growth of this country depends upon creating a corps of well trained professionals in these areas and this can happen only with good quality higher education. It is here institutions like IFMR come in and play a crucial role.”

In his address, Dr Rangarajan spoke in detail about speeding up economic growth.

He said, “Development has many dimensions. It has to be inclusive, it must be poverty reducing, and it must be environment-friendly. Investment, as they say, is an act of faith in the future. If there has to be investment resurgence, it is necessary to create the climate which promotes this faith.

In many ways the coming decade will be crucial for India. If India grows at 8 to 9 per cent per annum, it is estimated that per capita GDP will increase from the current level of US$1,600 to US$ 8,000 by 2030”. The Chief Guest also honoured the toppers: Gowtham, Siddarth, Ajit and Shreyas with medals.

Commencing the convocation ceremony, Dr N Vaghul, Chairman, IFMR, said, “I would like to congratulate all the students who are graduating today. The day marks the culmination of a rigorous training, learning and mentoring our students. As they step forward towards their career growth, I am positive that our students will carry their learning to their professional lives and enrich their workplaces with their achievements.”

IFMR also gave away awards to students who had demonstrated academic prowess, leadership skills, and all round excellence through the year. Awards were presented to distinguish alumni from various batches and programmes. 179 PGDM (Full-Time) Students and 2 PhD scholars were awarded the graduation certificates.

Dr P K Biswas, Director, IFMR announced that the students have got 100 percent placements in top companies through campus recruitment and the highest salary offered is Rs. 18 lakhs by HSBC Capital and was confident that IFMR graduates will be able to confront problems and find solutions. “A total of 42 companies visited our campus for placements this year and the average salary is 9 Lakhs per annum. Some of the major recruiters were HSBC, J.P. Morgan, Deloitte, KPMG, Credit Suisse etc.”, he added.

Established in 1970 as a not-for-profit society, the Institute for Financial Management & Research, IFMR, has come up as a leading business school with the objective of moulding ambitious young men and women into competent and socially responsible organisational leaders in a global setting. IFMR currently offers full-time PGDM programme, PhD programme and open and customized management development programmes.

The current Board of Governors, headed by Mr N. Vaghul, formerly Chairman, ICICI Bank, consists of leaders of major corporations in India as well as respected academicians. IFMR inaugurated the sprawling 40 acre campus in Sri City near Chennai in 2014 with student strength of 360. IFMR is also known for its cutting-edge training for company executives in terms of short term and long term MDP Programmes.

IFMR has recently received the letter of intent from the Andhra Pradesh State government for a Private University.