Overview

• Official Name: AKB Institute of Finance and Management, Faridabad
• Common Short Names: AKB IFM Faridabad
• Type: Private college affiliated to MDU Rohtak (MD University, Rohtak)
• Year Established: 2004
• Campus Location: Faridabad, Haryana, India
• Approvals & Affiliations:
  • Affiliated to Maharshi Dayanand University (MDU), Rohtak (MDU official)
  • Approved by All India Council for Technical Education (AICTE) (AICTE official)
  • Recognized by University Grants Commission (UGC) under Section 2(f) (UGC official)
  • NAAC accreditation status: Not available on official sources as of 2024-06-01
• Official Website: www.akbifm.org

Quick Facts

• Founder: Late Sh. Atma Ram Gupta
• Principal/Director: Dr. Sanjay Gupta (as per official website)
• Student Population: Approximately 1200+ students
• Departments/Faculties: Management, Commerce, Finance
• Contact:
  • Phone: +91-129-4277771, 4277361
  • Email: info@akbifm.org
  • Address: Sector-16, Mathura Road, Faridabad, Haryana, 121004
• NAAC Grade: Not available
• NIRF Ranking: Not ranked as of 2024

Courses & Programs

• Faculty of Management
  • Courses: BBA (Bachelor of Business Administration), MBA (Master of Business Administration)
  • Duration: BBA - 3 years; MBA - 2 years
  • Mode: Regular (Full-time)
  • Intake: Approx. 60 seats per program
• Faculty of Commerce & Finance
  • Courses: B.Com (Hons.), M.Com
  • Duration: B.Com - 3 years; M.Com - 2 years
  • Mode: Regular (Full-time)
  • Intake: Approx. 60 seats per program
• PhD and Diploma courses: Not offered / Not available on official sources as of 2024-06-01

Admissions

• Admission Modes: Merit-based on qualifying examination; Management quota available.
• Accepted Entrance Exams: Typically no national entrance exams are mandatory; admissions mainly on merit of 10+2 (for UG) and graduation (for PG) from recognized boards/universities.
• Important Dates: Academic sessions usually start in July/August; admissions open from May-July.
  Refer to official admissions page for exact dates: AKB IFM Admissions
• Application Process Online:
  1. Visit official website: www.akbifm.org
  2. Go to the "Admissions" section
  3. Download application form or apply online via provided portal
  4. Fill the form with personal and academic details
  5. Upload required documents
  6. Pay application fee (if applicable) online
  7. Submit the form and keep acknowledgment/receipt for future reference
  Offline process: Applications can also be submitted physically at the college office.
  See prospectus here: Prospectus 2024 (PDF)

Eligibility Criteria

• BBA/B.Com (UG Programs): Passed 10+2 from a recognized board with minimum 50% marks (45% for reserved categories).
• MBA/M.Com (PG Programs): Bachelor’s degree with minimum 50% marks (45% for reserved categories).
• Documents Required:
  • 10th and 12th Mark Sheets and Passing Certificates
  • Graduation Mark Sheets and Degree (for PG courses)
  • Character Certificate
  • Transfer Certificate (TC) from previous institution
  • Category Certificate (if applicable)
  • Passport size photographs
  • ID proof (Aadhaar/PAN/Passport)
• Age Limit: Not specified by the institute.

Fee Structure & Scholarships

• Approximate Fees:
  • BBA/B.Com: ₹50,000 - ₹70,000 per annum (including tuition, exam fees)
  • MBA/M.Com: ₹80,000 - ₹1,00,000 per annum
  • Hostel Fees: ₹40,000 - ₹60,000 per annum (optional)
• Scholarships & Financial Aid:
  • Merit-based scholarships available for top performers
  • Government scholarships as per Haryana state policies for SC/ST/OBC/EWS (refer National Scholarship Portal)
  • Institute offers need-based financial aid on case-to-case basis

Placements & Career Outcomes

• Placement Rate: Approximately 70-80% placement annually (source: official placement cell)
• Average CTC: ₹3.5 LPA approx.
• Top Recruiters: HDFC Bank, ICICI Bank, YES Bank, Bajaj Capital, TCS (via campus drives)
• Placement Cell Contact & Info: Placement Cell - AKB IFM
• Internships: Institute supports mandatory summer internships for MBA students with reputed companies

Campus & Facilities

• Hostel: Separate boys and girls hostels with mess facilities
• Mess: Hygienic dining with vegetarian food options
• Sports: Facilities for cricket, badminton, table tennis, and indoor games
• Labs & Libraries: Computer labs with internet, well-stocked library with digital resources
• Healthcare: Basic first aid and medical support available on campus
• Transport: College buses available for nearby locations
• Wi-Fi: Campus-wide Wi-Fi connectivity
• Student Clubs & Festivals: Cultural, sports, and management clubs; annual fests and inter-college competitions
• Research Centres: Not available / Not reported on official site

Faculty & Research

• Notable Faculty: Experienced professionals with PhDs and Masters in Management and Commerce fields
• Research: Encouragement in fields of Finance and Management
• Major Grants / Patents / MoUs: Not available on official sources as of 2024-06-01

Rankings & Reputation

• NIRF Ranking: Not listed in NIRF rankings as of 2024 (NIRF 2024)
• NAAC Accreditation: Not accredited / Not available
• India Today / Outlook / QS India: No rankings available from these agencies
• Reputation: Recognized locally for quality Management and Commerce education affiliated with MDU Rohtak

Results, Cut-Offs & Seat Matrix

• Results Publication: Published on official website and notice boards of the institute and Maharshi Dayanand University (MDU) (MDU Results)
• Typical Cut-offs:
  • BBA/B.Com: 50-55% aggregate in 10+2 for General category
  • MBA/M.Com: 50% minimum graduate marks; reservation as per Haryana Govt norms
• Seat Matrix: Approx. 60 seats per program; reservation applied as per university/state guidelines

How to Reach

• Nearest Airport: Indira Gandhi International Airport, Delhi (approx. 35 km from Faridabad)
• Nearest Railway Station: Faridabad Railway Station (Main) well-connected with Delhi and NCR
• City Connectivity: Well connected by road (Mathura Road - NH 44); local buses, auto-rickshaws, and taxis readily available
• Local Transit: Shared autos, Haryana Roadways buses, and metro (Faridabad Sector 16 Metro Station nearby)

FAQs

Q1: What is the mode of admission at AKB IFM?

A1: Admissions are primarily merit-based on qualifying exam marks; management quota is also available.

Q2: Does AKB IFM accept any entrance exams?

A2: No mandatory national/state entrance exams are required; admission is based on qualifying degree marks.

Q3: What courses are offered at AKB IFM?

A3: The institute offers BBA, MBA, B.Com, and M.Com programs.

Q4: Is hostel facility available on campus?

A4: Yes, separate hostels with mess facilities are available for boys and girls.

Q5: Are scholarships offered?

A5: Merit-based and need-based scholarships are available; SC/ST/OBC/EWS government scholarships can also be availed.

Q6: How to apply for admission?

A6: Applications can be submitted online via the official website or offline at the college office.

Q7: What is the approximate fee for MBA?

A7: MBA program fees range from ₹80,000 to ₹1,00,000 per annum.

Q8: Does AKB IFM provide placement support?

A8: Yes, the placement cell assists students with internships and campus placements, having good recruiter tie-ups.

Q9: Is AKB IFM NAAC accredited?

A9: NAAC accreditation is not available according to official sources as of June 2024.

Q10: Where is the institute located?

A10: Located in Sector 16, Faridabad, Haryana, on Mathura Road.