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CHENNAI: The Institute of Financial Management and Research (IFMR) is signing a Memorandum of Understanding (MoU) with London School of Economics on Tuesday for research, according to Dr Nachiket Mor, IFMR Board member and Executive Director, ICICI Bank.

Dr Mor was speaking at the Institute's annual graduation ceremony. He said that IFMR had been upgrading its infrastructure and soon it would have a WiFi enabled campus and also a trading portal. This would help in producing "people who hit the ground running".

Mr R. Kannan, Director, IFMR, said that the institute was one of the top 20 B schools in the country now. The students from IFMR were picked up by top corporates and the average salary was about Rs 4 lakh per year, he said

Mr M.B.N.Rao Chairman and Managing Director, Indian Bank, said that with globalisation there would an increased need for greater management efficiency and skills. The gold medal for the postgraduate diploma in management for the best outgoing student went to Ms V. Pavithra. The general proficiency prizes for overall performance went to Ms K. Lakshmi and Ms G. Sivagami. The first rank in the post-graduate diploma in business management was bagged by Mr B.C. Harshavardhan.

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