Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research, Chennai

Overview

The Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research (SRIHER), Chennai, is a prominent healthcare-focused Business School located in Tamil Nadu. It has the advantage of exposing BBA and MBA students to real life case studies from the SRIHER medical departments; the curriculum uses the case study method, and has a strong business analytics and data mining component.

The Faculty of Management Sciences has ensured strong placement statistics over the past few years. For example, the highest salary offered during the 2023 placement season was INR 6 LPA, and the average package was INR 4.5 LPA, with the minimum salary only 33% lower than the median. There has been a constant upward trend in the placement results over the past five years. Most of the recruiters (for both internships and full time jobs) from the BBA and MBA programs are medical companies, due to the reputation of the parent College, SRIHER, as a medical school. However, there are several financial services firms and banks as well - for example, Fortis Hospitals and Accenture.

The Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research, Chennai, ensures a vibrant campus life for its students. The 150 acre campus is shared with students of the other nine colleges in the complex, and there are students clubs to cater to cultural and sports activities, in addition to an active entrepreneurship cell that provides startup mentoring and funding opportunities.

Highlights

Fees

The various components of the academic fee for MBA students of Sri Ramachandra Institute of Higher Education & Research, Chennai, are as follows:

• Tuition fee: INR 3 Lakh for the entire course (INR 1.5 LPA).
• University registration fee: INR 2,000 (one time).
• Health Insurance: INR 3,000.
• Admission form and eligibility fee: INR 1,000.

The annual hostel fee is approximately INR 70,000, and there is also a one time caution deposit of INR 30,000, which is refunded at the time of graduation provided that the student has caused no harm to hostel property. In addition, students must also budget for mess fees and the cost of transportation to the SRIHER campus if they choose to live at home.

Admissions

The eligibility criteria for admission to Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research, Chennai, are as follows:

• MBA:
  • The applicant must hold a valid undergraduate degree from a recognized Institution, of minimum three years’ duration.
  • The applicant must have a UG aggregate of at least 50% (or 45% for reserved category candidates).
  • The student must have a valid score in any recognized MBA aptitude test e.g. TANCET, CAT, XAT, MAT. The SRIHER Management Aptitude Test is also accepted.
• BBA: The candidate must have an aggregate of at least 50% in the qualifying Standard XII examination from any recognized Board of Higher Secondary Education.

The steps in the application and admission procedure include:

• Creating an account on the online SRIHER admission portal.
• Filling up the application form, taking care to enter accurate details.
• Uploading supporting document scans, including degree certificates, academic transcripts, and scorecards from the chosen MBA aptitude test.
• Paying the application fee.
• After receiving all applications, the SRIHER authorities will prepare a merit list of students invited for the Group Discussion and Personal Interview (GD and PI) rounds.

The final merit list for admission is prepared based on three criteria with the following weightages:

• 50% - Academic history: Based on the marks or grades in the Bachelor’s degree, Standard X, and Standard XII.
• 30% - Entrance test score, with a normalization factor applied to students submitting different MBA aptitude test scores.
• 20% - Performance in the GD and PI round.

Placements

As one of the top MBA colleges in India, the placement highlights  of Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research, Chennai, are as follows: 

• The highest package offered during the 2023 placement season was INR 6 LPA, which was a substantial increase from the corresponding figure in 2019 (INR 3.5 LPA).
• The average and minimum salaries offered, respectively, in 2023, were INR 4.5 LPA and INR 3 LPA.
• Even the minimum salary is higher than the total MBA tuition fee, ensuring that there is a high Return on Investment.
• The biggest recruiters from the BBA and MBA programs at SRIHER are from the medical sector (Be Well Hospitals, Camomile Healthcare Ventures, Fortis Hospitals, Rainbow Children’s Hospital, Vasan Eye Care, Narayana Medical Center). However, there are also several MNCs which are from the consulting and finance sectors, including Accenture, Deloitte, and Cognizant Technology Solutions.

Cut-Offs

There are two levels of cut-offs for admission to the MBA program at SRIHER. First, students who wish to apply must have an overall undergraduate aggregate above 50% (across all the years of study), or 45% (for reserved category candidates). The second level of cut-off is based on the entrance examination (TANCET or any national level test). TANCET 2024 cut-offs for MBA aspirants are not decided in advance; they are decided after the merit list is released.

Faculty & Alumni

The Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research, Chennai, is home to 13 full time Faculty members. Other than the Director and Principal, all the others are Assistant Professors. The visiting members of the SRFMS faculty are from IIMs and IITs, and add a strong industrial training dimension. There are currently three Visiting Faculty members enrolled, all from IIT Madras. The Faculty members specialize in different areas of teaching, including:

• Entrepreneurship & Technology Innovation.
• Marketing.
• International Business.
• Human Resource Management.
• Finance.
• Business Analytics.
• Quality Control in the Healthcare Sector.

The SRIHER Alumni Foundation has a separate chapter for each College and Faculty, including Management Sciences. It connects with all graduates of the BBA and MBA programs to set up guest lectures, establish endowments for college activities, and donate books or scholarships to support needy students. It also facilitates knowledge exchange among the alumni of the College located across the world, and organizes annual events like Alumni Meets in Chennai and local chapters. The Alumni Association also maintains an online portal which coordinates all the functions listed above.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of the Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research, Chennai. There are two main sources of internal funding: admission and alumni scholarships.

1. Alumni Scholarship: Both UG and PG students of the Faculty of Management Sciences can apply for this. It is awarded on the basis of a poster presentation and two Letters of Recommendation, and takes the form of a lump sum that can be used towards tuition fees or living costs.

2. Admission Scholarship: This aims to assist financially disadvantaged students with academic merit to pay their tuition fees, and is awarded at the time of admission to the Faculty, subject to submission of verified income certificates.

Students are also free to apply to external organizations in the public and private sector for scholarships. However, they have to declare this to any internal scholarships that they apply to, in order to avoid a conflict of interest.

Preparation & FAQs

Students who wish to apply for the MBA program at SRIHER must prepare carefully for the TANCET 2024 MBA entrance test. Before giving the final exam, candidates who are interested in appearing for TANCET 2024 should practice their timing and accuracy skills by attempting mock tests. In our experience, candidates who are well versed with the TANCET mock test have a better average performance in the actual exam. Each question should be attempted in one minute (on average) to get an accurate assessment of the speed required during the TANCET 2024 examination.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Chennai?

The Faculty of Management Sciences, Sri Ramachandra Institute of Higher Education & Research, Chennai, is one of the best MBA colleges in India, and is a contender for best Business School in Chennai. It is ranked #55 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. Which are the three specializations offered to MBA students of the Faculty of Management Sciences, SRIHER?

MBA students of SRIHER can choose from among three specializations: Healthcare Finance, Healthcare Quality, and Healthcare Human Resources.

Q. What are the rules regarding eligibility for TANCET 2024?

Students with any Bachelor’s degree can apply for the TANCET 2024 MBA entrance test, as long as they have completed at least three years of college education.

Q. What is the syllabus and exam pattern for TANCET 2024?

The TANCET MBA entrance paper has the following sections, with 25 multiple choice questions in each segment:

• Verbal Aptitude
• General Knowledge
• Quantitative Aptitude
• Logical Reasoning

The syllabus is similar to those of other MBA aptitude tests accepted by SRIHER (e.g. CAT, GMAT, XAT).