Frequently Asked Questions: 1. Application

Frequently Asked Questions
1. APPLICATION
What is the last date of submission of application form?
Applications open on November 15, 2009. The last date for receiving completed application
form is February 1, 2010 by 5 PM. Online submission is not allowed. Application form fee is
Rs. 1000/- (Rs One thousands only) / (USD 40) (USD Forty only) through a demand draft in
favour of IIM Lucknow - Noida Campus, payable at Noida.
What documents need to be sent with the application form?
Duly filled-in application form along with application fee of Rs 1000/- (USD 40)
GMAT score obtained from February 1, 2007 to January 31, 2010
Statement of Purpose
Two letters of Recommendation
The candidates short-listed by IIML will have to request their all universities attended, to
submit official transcripts showing courses and grades for each year of their studies as
well as confirmation of degrees directly to IPFX Admission Office, Indian Institute of
Management Lucknow, Noida.
The short-listed candidates will apply on-line to McGill University, Canada with a non-
refundable fee of Canadian $100/- by April 15, 2010 (Visa or Master Card).
I have my own company. How can I choose my recommendation?
You can ask a client, supplier or professional colleague with whom you have had a
professional relationship, to be your recommender.
Should the recommendation be sent with my application form?
Yes. Each recommendation letter must be sent in a sealed envelope with the recommender's
signature across the seal.
I would not like to disclose my intention of applying for a full time course to my
immediate line manager. Who else can be my recommender?
In such a situation you can accept a recommendation from a former line manager/supervisor.
Additionally we will accept a recommendation from a customer, supplier or professional
colleague with whom you have a professional relationship.
Is there an upper age limit?
No.
Is GMAT compulsory?
Yes. We do not accept any other tests such as CAT/ MAT etc.
What is the minimum acceptable GMAT score?
We do not specify a minimum GMAT score. GMAT score is among other criteria such as
personal interview, professional experience, leadership role.
What are the total numbers of seat available for IPFX 2010-2011?
The total number of seats available for IPFX / MMF 2010-2011 is 50 (Fifty).
Should I submit my GMAT score in the application form?
You need to submit the GMAT score card along with the application form. You should also
inform GMAC. Our code is J39-VT-55. The official GMAT reports are to be sent directly to
IPFX Admission Office, IIM Lucknow, Noida by GMAC.
When will I know if I have been finally selected for IPFX 2010-2011?
In case you have been short-listed by IIM Lucknow, we will inform you by email/post by
First week of April 2010. Short-listed candidates must apply on-line to McGill University by
April 15, 2010. Admission results of IPFX / MMF Programme will be announced latest by
July 1, 2010. Offer of admittance must be accepted by August 2, 2010.
2. ADMISSION PROCESS
Is the admission offer open to me for the next batch in case I am unable to join this
year?
No. You will have to re- apply.
What kind of organizations would the candidates be preferred from?
We are looking for middle to senior level professionals from corporate, banking, insurance,
NBFCs, Mutual Funds, government sector and regulatory bodies. Candidates could therefore
be from private/ public sector/ government departments/ NGOs. They could also be
professionals (e.g. Chartered Accountants, Cost Accountants, Company Secretaries) /
consultants, defense personnel, civil servants or entrepreneurs.
Are there any seats reserved for company sponsored candidates?
No.
What is the selection criterion?

We are looking for candidates who have a B.Com / B.E. / B. Tech / Graduation degree with
Mathematics, Statistics or Economics with minimum 55% marks or Bachelor's Degree in any
discipline or higher qualification with minimum 55% marks with proven quantitative skills
and having post qualification full-time professional experience of minimum of five years as
on September 30, 2010, GMAT scores obtained between February 1, 2007 to January 31,
2010 and group discussion & personal interview. In addition, those who have intellectual
curiosity, leadership potential and the determination to succeed, should apply.
If short listed, would I have to come to IIML - Noida Campus for the interview?
Interviews would be held in major metros depending on the regional spread of candidates
3. ABOUT IPFX
What degree would be offered on completion of the course?
IPFX is a dual degree programme of the Desautels Faculty of Management, McGill

University Canada and IIM Lucknow
A Master of Management by McGill University. The transcript will specifically state

the Finance Specialization
B. Post Graduate Diploma in Finance for Executives by IIM Lucknow
What specialisation does the course offer?
IPFX has a finance focus. It will provide strong quantitative foundations in Finance and
develop advanced analytical tools and techniques, skill sets and perspectives necessary for
optimal financial decision-making at managerial level in a global business environment.
Specifically, the electives will develop deeper understanding of the areas such as corporate
finance, venture capital & corporate restructuring, investment management, hedge funds,
security analysis, capital markets and risk management, investment, commercial and retail
banking, finance function within public sector and not-for- profit organizations, corporate
planning & consulting and accountancy firms and regulatory issues.
In addition to the existing IIML faculty at Lucknow and Noida campuses, the program
faculty would include:
• Eminent faculty from McGill University Canada (on a visiting basis), providing
an intensive finance curriculum and an international perspective
• Industry practitioners and entrepreneurs for continuous industry interaction
Does the Institute offer placement services?
We will assist in providing placement to non sponsored students

Noida provides great opportunities for interactions with leading practitioners in industry,
policy makers and thought leaders from private and public organizations, MNCs and industry
bodies
Will I get placement even if I am currently in a senior position having over 10 years of
experience?
The institute will facilitate career services to candidates across age groups and would enable
candidates to network for career development and opportunities
4. ACCOMODATION & FACILITIES

What kind of accommodation does the Institute provide?
Students would reside in the Executive hostel. Accommodation would be on single

occupancy basis. Rooms with attached baths are furnished and will have adequate storage
facilities as well as wi-fi Network.
Is there a provision for family accommodation?
We have limited accommodation for family only to join for a week or a two during the entire
course.
What facilities are available on campus?
The new campus is located on 20-acres of land in Sector - 62 of NOIDA. The campus has a
state-of-the-art library, computer centre, classroom block, hostels, wi-fi networking and
facilities for indoor and outdoor games. The Campus is in close proximity to commercial
complexes, corporate offices, markets and is accessible to the NCR area
5. FINANCIALS
What is the total cost of the Programme?
The fee for International Programme in Finance for Executives (IPFX) is INR 15,00,000
(USD 42,500) which includes tuition, cost of course material, library and computer facilities,
accommodation and mess charges at the Noida Campus.
What is the schedule for payment of the fee?
Payment Schedule
a) At the time of acceptance of admission by August 2, 2010 - INR 1,00,000 (USD 4,500)
b) By October 1, 2010 - INR 3, 50, 000 (USD 9,500)
c) By January 1, 2011 - INR 3, 50, 000 (USD 9,500)
d) By April 1, 2011 - INR 3, 50, 000 (USD 9,500)
e) By July 1, 2011 - INR 3, 50, 000 (USD 9,500)
All paid installment amounts are non-refundable
For further information please contact
Admissions Office IPFX,

Indian Institute of Management Lucknow - Noida Campus,
B-1, Sector-62,
Noida 201 307
(UP) INDIA
Phone: +91-120-6681081
E- Mail: ipfx@iimlnc.ac.in
webpage: www.iimlnc.ac.in

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Frequently Asked Questions

What documents need to be sent with the application form?

I have my own company. How can I choose my recommendation?

Should the recommendation be sent with my application form?

Is there an upper age limit?

What is the minimum acceptable GMAT score?

Should I submit my GMAT score in the application form?

No. You will have to re- apply.

What kind of organizations would the candidates be preferred from?

Are there any seats reserved for company sponsored candidates?

What is the selection criterion?

IPFX is a dual degree programme of the Desautels Faculty of Management, McGill

A Master of Management by McGill University. The transcript will specifically state

B. Post Graduate Diploma in Finance for Executives by IIM Lucknow

What specialisation does the course offer?

Does the Institute offer placement services?

We will assist in providing placement to non sponsored students

4. ACCOMODATION & FACILITIES

Students would reside in the Executive hostel. Accommodation would be on single

Is there a provision for family accommodation?

What facilities are available on campus?

What is the total cost of the Programme?

What is the schedule for payment of the fee?

All paid installment amounts are non-refundable

For further information please contact

Admissions Office IPFX,

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