Total Fees | ₹11 Lakhs |
The 2023 MAT cutoff percentile for the PGDM in Insurance Business Management at BIMTECH was 80 for the General category.
Courses | 2023 |
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Compare | 80 |
Latest Update: BIMTECH PGDM IBM admission for batch 2024 has begun. The last date to apply for BIMTECH PGDM is December 2, 2023. CAT 2023 Admit Card will be released on November 7, 2023, and the exam is scheduled for November 26, 2023. XAT 2024 registration has begun, and the last date to apply is November 30, 2023, and the exam is scheduled for January 7, 2024.
BIMTECH is one of the very few colleges in India to offer a specialized course in Insurance Management. BIMTECH’s PGDM in Insurance Business Management (IBM) achieves a good placement record every year with the majority of recruiters being Insurance Firms. Apart from PGDM in Insurance Business Management, BIMTECH also offers specialized PGDMs in Retail Management and International Business. For the batch of 2017, over 50% of the alumni of PGDM IBM are currently working in leading insurance companies of India like SBI General Insurance, ICICI Lombard, Prudent, Care insurance, Digit Insurance, TATA AIG and Exide.
PGDM in Insurance Business Management (IBM) is a 2-year full-time program which is equivalent to MBA. BIMTECH Admission for batch 2023 has begun. Admission to the PGDM IBM program is based on valid CAT or XAT or CMAT or GMAT or MAT scores. Registration for XAT entrance exam is ongoing. The last date to register for XAT is November 30, 2023.
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Table of Content
Particulars | Details |
---|---|
Course Name | Post Graduate Diploma in Management in Insurance Business Management (PGDM IBM) |
Basic Eligibility | Graduate with Minimum 50% Marks |
Selection Criteria | CAT, XAT, GMAT, CMAT or MAT and Personal Interview |
Specializations | Life Insurance, General Insurance, Health Insurance and InsurTech |
Intake | 60 |
Total Fees | INR 11,00,000 |
Placement 2023 | Highest CTC - INR 23.43 LPA; Average CTC - INR 11.25 LPA |
Top Recruiters | Allianz, Digit, SBI Life, SBI General Insurance, Swiss RE, Anand Rathi |
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Some of the Important Dates for PGDM IBM are as follows:
CAT Events | Dates |
---|---|
CAT 2023 Registration Starts | August 02, 2023 |
CAT 2023 Registration Closes | September 20, 2023 |
CAT 2023 Admit Card Release | November 7, 2023 |
CAT 2023 Exam Date | November 26, 2023 |
XAT Events | Dates |
---|---|
XAT Registration Opens | July 15, 2023 |
XAT Registration Closes | November 30, 2023 |
Last Date for XAT Application through GMAT / GRE | December 31, 2023 |
XAT Exam Date | January 07, 2024 |
PGDM IBM Events | Dates |
---|---|
Last Date to Apply | December 2, 2023 |
Phase 2 PI | Online: March 9 - March 15, 2024 (Tentative) Offline: March 16 - March 21, 2024 (Tentative) |
Declaration of Final selection list | March 2024 (Tentative) |
Commencement of Classes | June 15, 2024 (Tentative) |
CMAT Events | Dates (Tentative) |
---|---|
CMAT Registration | Second Week of February 2024 |
CMAT Exam | First Week of May 2024 |
CMAT Result | Last Week of May 2024 |
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BIMTECH accepts valid CAT or XAT or CMAT or GMAT or MAT scores for Admission to the PGDM IBM program. The expected cutoff for Admission 2024 is as follows:
Course | CAT | XAT | GMAT | CMAT | MAT |
---|---|---|---|---|---|
Post Graduate Diploma in Management in Insurance Business Management (PGDM IBM) | 60 | 60 | 60 | 70 | 70 |
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PGDM in Insurance Business Management (IBM) is a 2-year full-time Fully Residential program. PGDM IBM has a total intake of 60 seats. The total fees for the program is INR 11 Lakhs. Some of the details of PGDM IBM program are as follows:
Candidates are required to appear for CAT or XAT or GMAT or MAT or CMAT entrance exam for Admission to PGDM IBM program. CAT / XAT / CMAT / GMAT / MAT scores are not required for NRI, Corporate / NRI, Sponsored Categories & Supernumerary Seats. Candidates are selected for the PGDM IBM program based on their Entrance Exam scores accompanied by a Personal Interview.
Final Selection is based on various criteria. The weightage for the Selection Criteria is given below:
Selection Criteria | Weightage - Merit / ESCS / International Students Category | Weightage - NRI / Sponsored Categories / Supernumerary Seats |
---|---|---|
Personal Interview | 30% | 45% |
CAT/XAT/CMAT/GMAT/MAT Percentile | 35% | NA |
Past Academic Performance | 10% | 20% |
Additional weightage for candidates with Engineering, Maths and Statistics background | 5% | 10% |
Work Experience | 7% | 10% |
Regional - Other than UP & NCR Region | 3% | 5% |
ESCS Category - Minority Communities/SC/ST/OBC/EWS | 5% | 5% |
Gender (Female Candidates Only) | 5% | 5% |
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BIMTECH PGDM IBM is divided into 6 Trimesters. The details are as follows:
Trimester | Courses |
---|---|
Trimester 1 | Business Environment; Insurance Laws; Principles of Insurance; Sales & Marketing Management; IT in Insurance; Business Communication-I; Organizational Behaviour & Human Resource Management; Statistics for Managers; Comprehensive VIVA |
Trimester 2 | Motor Insurance-I (Own Damage); Risk Management; Property-I (Fire & Consequential Loss); Data Analytics; Health Insurance-I; Elements of Actuarial Science; Products and Practices of Life Insurance; Comprehensive VIVA |
Trimester 3 | Property-II (Construction & Engineering Insurance); Corporate Finance & Insurance Accounting; Marketing Research; Services Marketing & CRM; Life and Health Insurance Underwriting; Business Communication-II; Motor Insurance-II (Third Party); Channel Management; Summer Internship VIVA; Industry Visit |
Trimester 4 | New Product Development; Liability Insurance-I; Employee Benefit; Advanced Health Insurance (Elective); Advanced Risk Management (Elective); Advanced Actuarial Science (Elective); Insurance Laws; Marine Cargo & Hull Insurance; Reinsurance |
Trimester 5 | Global Perspectives in Insurance; Basics of Entrepreneurship; Liability Insurance-II; Managing Funds of Insurance Companies |
Trimester 6 | Financial Services & Personal Financial Planning; Casualty Insurance; Responsible Business |
Read More: Which college is better for MBA among UBS, BITS, BIMTECH and NIT Trichy?
PGDM IBM Fees of BIMTECH is based on various categories of Students. The detailed Fees Structure for PGDM IBM is mentioned below:
Category | Total Fees in INR |
---|---|
Merit / Supernumerary | 11 Lakhs |
Corp. Sponsored | 15 Lakhs |
NRI | 15 Lakhs |
NRI Sponsored | 15 Lakhs |
Lodging (Hostel Rent) | 1.26 Lakhs (Per Year) |
Boarding (Mess Charges) | 66,000 (Per Year) |
Refundable Security (General + Library) | 50,000 (One Time) |
Medical Insurance | 5,000 (Per Year) |
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The admission process for the PGDM IBM course of BIMTECH involves 3 stages. The steps in the selection process are as follows:
Step 1 - Application
The application form is common for all PGDM courses. Candidates seeking admission for PGDM IBM Programme at BIMTECH need to apply online through the official website www.bimtech.ac.in. The form can be filled out online by paying Rs. 2000/- through Credit or Debit Card.
Step 2 - Selection Process, Call for Personal Interview and Document Verification
The next step is shortlisting the applicants for Personal Interview (PI) based on the overall scores of CAT/XAT/CMAT/GMAT/MAT percentile. To avoid possible overlapping of the admission process with other B-Schools and to facilitate the early admission offer, BIMTECH schedules PI in two stages.
BIMTECH conducts an early-stage selection process after the third week of December 2023. The said process provides a candidate with an opportunity to appear for the process conveniently. The 2nd round of the selection process is done post declaration of CAT/XAT results after the 2nd week of February 2024. The 2nd round of PI is held for those candidates who get a minimum prescribed cut-off percentile.
Document Verification: Candidates should submit a self attested photocopy of the following documents
Step 3 - Declaration of Final Selection List
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Admission Process for PGDM IBM program is as follows:
Check BIMTECH CAT Cutoff
BIMTECH has recently concluded the PGDM IBM Placement for batch 2023. The Highest Package stood at INR 23.43 LPA. The Average Package remained at INR 11.25 LPA. BIMTECH has also released a PGDM IBM Summer Internship report. 100% Students were offered Internship Opportunities. The details are as follows:
Particulars | Placement 2023 | Summer Internship 2022 |
---|---|---|
Highest CTC / Stipend | INR 23.43 LPA | INR 70K Per Month |
Average CTC / Stipend | INR 11.25 LPA | INR 18K Per Month |
No. of Students | - | 420 |
Percentage of Placements | 100% | 100% |
Top Recruiters | Deloitte, Aditya Birla Group, Accenture, Collegedunia etc | ITC, JK Foods, Infosys, TVS Motors etc |
Read More: BIMTECH Admission Story Ayushman Singh Ratnu
Here are the Top Rankings of BIMTECH 2023:
Ranking Body | Year | Category |
---|---|---|
National Institutional Ranking Framework (NIRF) | 2023 | 48th in Management Category |
Indian Institutional Ranking Framework (IIRF) | 2023 | 26th among private colleges |
6th in North Zone | ||
Business Today Ranking | 2023 | 31st among Top B-Schools |
Outlook - ICARE (Private) | 2021 | 11th in Best B-Schools in Delhi NCR |
28th in Standalone Institutions | ||
13th in North Zone | ||
53rd in Private MBA Institutions | ||
Business Today (BT) - MDRA - (Private) | 2021 | 18th India’s Best B-Schools |
12th in North Zone | ||
7th in Delhi NCR |
Read More: How are the placements at BIMTECH for Retail?
Name | Designation |
---|---|
Sachin Sodhi | Director at Kotak Private |
Kunal Gupta | City Head - ICICI Bank |
Manish Kumar | Associate Vice President at Nivesh.com |
Pankaj Mangal | Regional Manager- Placement & Servicing (North) at Mahindra Insurance Brokers Limited |
Ques. Does BIMTECH have a NIRF Ranking?
Ans. BIMTECH is ranked 48th by NIRF 2023 in the Management Category. BIMTECH is also ranked by IIRF in India’s Best B-Schools category. It ranked 26th in Best B-Schools category and 6th in North Zone.
Ques. What is the Fees Structure for PGDM IBM Program at BIMTECH?
Ans. The total fees for PGDM IBM program is INR 11,00,000 for Merit students. For Corporate Sponsored / NRI / NRI Sponsored the total fees is INR 15,00,000. Security deposit (refundable), Hostel & Mess Charges are additional.
Ques. Are Final Year Graduates eligible to apply for programs at BIMTECH?
Ans. Yes, Students who are in their Final Year of Graduation are eligible to apply for programs at BIMTECH. Such students are eligible if they get a Minimum of 50% marks in aggregate in their Graduation results. Students need to submit their Graduation proof by October 31, 2024.
Ques. What is the Expected MAT cutoff for PGDM IBM Program at BIMTECH?
Ans. The Expected MAT cutoff for PGDM IBM Program at BIMTECH is 70. While the CAT, XAT & GMAT expected cutoff is 60 and for CMAT the expected cutoff is 70.
Ques. What was the Batch Profile for PGDM IBM Batch 2022 at BIMTECH?
Ans. PGDM IBM Batch of 2022 saw 53 total number of students. 47% were Female candidates while 53% were Male. 62% were Freshers in the class and 18% students came from Commerce background.
BIMTECH | |
---|---|
Reviews Rating | |
Cost To Study | Total Fees ₹1100000 (2 Years ) |
Ranking | # Ranked 31/272 by India Today Management Ranks |
Highest Salary | ₹2343000 |
Average Salary | ₹1125000 |
General Course Details | Duration - 2 Years Course Offered - Full Time Total Seats - 60 Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Diploma |
Eligibility | Graduation with 50% |
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The Insurance Business Management (IBM) from BIMTECH Noida is a very high-demand course, especially for those who want to build their career in the financial and the banking sector. It is one of the 4 full-time PGDM courses offered by the institute apart from an executive PGDM course.
Talking about the institute, it has a rich legacy of 30 years of excellence in academics where the faculty are known to be really hardworking. They are very well qualified, many of them have lots of industrial exposure and they bring in their collective knowledge in the classroom studies. Some of the reasons why PGDM in Insurance Business Management from BIMTECH Noida will be beneficial for you are –
Thus, without a doubt, this is a very good course with a focused approach towards the sector. The institute, pedagogy, faculty, and facilities are all top-notch and it will help you propel your professional career.
She must first evaluate both courses based on her areas of interest. Both courses have advantages and disadvantages.
The IBM (insurance) course has a lower fee structure than International Business. The job profiles available for the IBM course are insurance company oriented. In contrast, the job profiles for the IB course range from sales to marketing to finance and HR depending on your specialization. BIMTECH is well-known for its IBM training. The package on offer is also very good. This year's average would be around 6.5, with more than 90% of students placed.
It is entirely dependent on your sister's area of interest. She can also look at the institute's website to see what kinds of faculties and subjects are available and then make an informed decision.
You should go for BIMTECH IBM (Insurance Business Management) program. It is well-known across India and one of the very few colleges in India offering a course in Insurance.
The faculty is highly experienced and the program has a 100% placement rate. You will be placed first among all others on the campus as the majority of the recruiters are Insurance Firms. The average salary package offered for PGDM IBM at BIMTECH lies between the range of 6-7 LPA.
Go for it if you are looking forward to a career in the Insurance industry.
Both PGDM-RM and PGDM-IBM are similar in terms of ROI and placement. Both the courses in Bimtech offer good career options. Even in 2020, which was a challenging year, the students of Insurance and Retail were offered some quality profiles by multiple prominent recruiters. Some of the companies are Infosys, TCS, Bajaj Allianz, SBI, Aditya Birla Group, Religare, and H&M. The recent 2022 placement stats:
Domain |
PGDM-IB |
PGDM- RM |
Average CTC (2022) |
8.95 lakhs |
8.90 lakhs |
Average CTC (2021) |
8.01 lakhs |
7.95 lakhs |
You should join the course at IBM without any second thoughts. Try to do a bit more research about the PGDM course that you want to pursue. 117 companies offered placement opportunities to the students enrolled in the PGDM course at IBM.
The institute also has witnessed involvement from international recruiters like RAK Ceramics, Landmark (Home Centre), and a few more who offered job roles and opportunities across Sales, Marketing, Retail, and Operations.
Placements at BIMTECH have been seeing an improvement in the domestic package offered by 12.50% with the highest package offered to be INR 18 Lakhs per annum and international packages by 15% with the highest package offered to be INR 23.00 Lakhs per annum.
In BIMTECH, you will get a good ROI and will surely be recruited by a good company before the course gets over.
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