Stretch to go that extra mile.
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IIFM Edge - Corporates
How will Corporates Gain from IIFM?
At the rate that most organizations are growing, the need for globally certified and well rounded
knowledge workers is paramount; perhaps more than it has ever been before.
IIFM offers Business management graduates who have the best in education from India and from
the global market. The extra credits our PGDBM students pick up from the international alliances
differentiate them from any other MBA graduate in India. Since most organizations spend a fortune in
training their resources when they come on board the organization and then again on sending them
for international courses, companies will save a lot of money and time when they pick up IIFM
Business graduates, as our students would already have undergone all of this, and more.
When corporates look at our students from the specialized financial programs, there is great benefit
to them in picking up these students too. Not only will these students fill the gap in the supply of
certified finance professionals they will also bring to the organization specialized knowledge from the
best financial educational institute in the world and with globally accredited credentials.
Overall, when companies recruit from IIFM, whether it is from the PGDBM batch or the specialized
financial programs batch, they will save on the costs of training & certifications and on managerial
development programs as all IIFM students would already be certified and would have gone through
managerial skills development from the best known experts in the world.
We have calculated the cost an average company would save when they recruit an IIFM student. It is
approximately INR 18 Lacs per annum per person. In these times especially, that is a great saving.
Workings attached hereunder -
Cost advantage to strategic partnering organizations

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Advantage Item Categories
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Advantage Quantified per year per candidate (INR)
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1
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Actual travel cost for recruitment to various institutes
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42,667
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2
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Stay while traveling to institutes for recruitment
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4,000
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3
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Executive cost quantified
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40,913
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4
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Cost of "idling" for the first 6 months post joining
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2,50,000
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5
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months as a result of poor understanding of business etc
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12,50,000
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6
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Cost of induction, training & retraining over the first year
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1,00,000
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7
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Cost of attrition as a result of non performance and not being upgradeable to the next level every year
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1,00,000
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17,87,580
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