![Birla Institute of Management Technology - [BIMTECH]](https://images.collegedunia.com/public/college_data/images/appImage/1567850059newcollegebuildingpic1.jpg?h=240&w=1000&mode=crop)
![Birla Institute of Management Technology - [BIMTECH]](https://images.collegedunia.com/public/college_data/images/logos/1603104226logo.png?h=71.17&w=71.17&mode=stretch)
PGDM in Insurance Business Management From BIMTECH, Greater Noida
| Total Fees | ₹13 Lakhs |
BIMTECH Upcoming Application Dates 2024
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Result Date | Upcoming Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Nov 24, 2024 |
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Result Date | Upcoming Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Nov 24, 2024 |
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
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BIMTECH Cutoff 2024
BIMTECH, MAT Cutoff 2023
The MAT 2023 cutoff percentile for the PGDM in Insurance Business Management at BIMTECH was 80 for the General category.
| Round | Cutoff |
|---|---|
| Round 1 | 80 |
BIMTECH, XAT Cutoff 2023
The XAT 2023 cutoff percentile for the PGDM in Insurance Business Management at BIMTECH was 60 for the General category.
| Round | Cutoff |
|---|---|
| Round 1 | 60 |
BIMTECH, CMAT Cutoff 2023
The CMAT 2023 cutoff percentile for the PGDM in Insurance Business Management at BIMTECH was 70 for the General category.
| Round | Cutoff |
|---|---|
| Round 1 | 70 |
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BIMTECH PGDM in Insurance Business Management Ranking
IIRF Ranking
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Eligibility Criteria
- Candidates should have completed Graduation with minimum 50% marks (10+2+3 pattern).
- Candidates must have a Valid CAT 2023/ Valid XAT 2024/ Valid GMAT 2023-24/Valid CMAT 2024/ MAT 2023-24 score
Course Details
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.
PGDM in Insurance Business Management (IBM) is a 2-year full-time program which is equivalent to MBA. Admission to the PGDM IBM program is based on valid CAT or XAT or CMAT or GMAT or MAT scores.
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Table of Content
BIMTECH PGDM IBM Highlights
| 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 13,00,000 |
| Placement 2024 | Highest Package - INR 14 LPA |
| Top Recruiters | Allianz, Digit, SBI Life, SBI General Insurance, Swiss RE, Anand Rathi |
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BIMTECH PGDM IBM Important Dates 2024
Some of the Important Dates for PGDM IBM are as follows:
| 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) |
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BIMTECH PGDM IBM Cutoff 2024
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 |
Check BIMTECH Cutoff
BIMTECH PGDM IBM Course Details
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:
BIMTECH PGDM IBM Eligibility Criteria
- Candidates who are Graduated with a Minimum of 50% Marks.
- Candidates appearing for Final Year Graduation Examination can also apply. Such candidates need to produce the final year result of Graduation with a minimum of 50% marks in aggregate on or before 31st October 2024.
BIMTECH PGDM IBM Selection Criteria
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% |
Check BIMTECH Admission
BIMTECH PGDM IBM Syllabus
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?
BIMTECH PGDM IBM Fees Structure
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 | 13 Lakhs |
| Corp. Sponsored | 17 Lakhs |
| NRI | 17 Lakhs |
| NRI Sponsored | 17 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) |
Check BIMTECH Reviews
BIMTECH PGDM IBM Admission Process
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
- Mark List of Class 10th.
- Mark List of Class 12th.
- Mark List of Graduation (All years / Semesters).
- Score card of CAT/GMAT/XAT/CMAT/MAT whichever applicable.
- Work Experience certificate (if applicable) from a registered company having turnover of Rs. 50 Crores or more in the preceding financial year. The work experience should be in an executive or supervisory role for a minimum period of one year.
- Corporate Sponsorship Certificate (If applicable)
- NRI/NRI Sponsorship Documents (If applicable) as Prescribed
- Domicile Certificate from Competent Authority (if applicable)
- Proof of Nationality for International student
Step 3 - Declaration of Final Selection List
- The final selection list is prepared by taking consideration of the candidates:
- Past Academic Performance
- Entrance Test Scores (CAT/XAT/CMAT/GMAT/MAT)
- Performance in Personal Interview.
- Work Experience (if applicable)
- Other parameters, wherever applicable, as per the weightage table
Check BIMTECH EFPM
BIMTECH PGDM IBM How to Apply?
Admission Process for PGDM IBM program is as follows:
- Apply to BIMTECH online.
- Take the CAT-2023/XAT-2024/GMAT 2023-24/CMAT 2024/ MAT 2023 Examination.
- Short-listing of candidates based on CAT/XAT/GMAT/CMAT/MAT Score.
- Call for the "Selection Process" of Shortlisted Candidates.
- Final selection based on CAT/XAT/GMAT/CMAT/MAT Score as applicable for different programmes, Performance in the selection process, past academic performance & work experience (if any) and social profile
Check BIMTECH CAT Cutoff
BIMTECH PGDM IBM Placement 2024
BIMTECH has recently concluded the PGDM IBM Placement for batch 2024. The Highest Package stood at INR 14 LPA. The details are as follows:
| Particulars | Placement 2024 | Placement 2023 |
|---|---|---|
| Highest Package | INR 14 LPA | INR 14.50 LPA |
| Average Package | NA | INR 11.22 LPA |
| No. of Students | NA | - |
| Percentage of Placements | NA | 100% |
| Top Recruiters | NA | Deloitte, Aditya Birla Group, Accenture, Collegedunia etc |
Read More: BIMTECH Admission Story Ayushman Singh Ratnu
BIMTECH PGDM IBM Ranking 2024
Here are the Top Rankings of BIMTECH 2024:
| Ranking Body | Year | Category |
|---|---|---|
| National Institutional Ranking Framework (NIRF) | 2023 | 48th in Management Category |
| Indian Institutional Ranking Framework (IIRF) | 2024 | 23rd among private colleges |
| 8th in North Zone | ||
| 2023 | 26th among private colleges | |
| 6th in North Zone | ||
| Business Today Ranking | 2023 | 31st among Top B-Schools |
Read More: How are the placements at BIMTECH for Retail?
BIMTECH Alumni
| 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 |
BIMTECH PGDM IBM FAQs
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 23rd in Best B-Schools category and 8th 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 13,00,000 for Merit students. For Corporate Sponsored / NRI / NRI Sponsored the total fees is INR 17,00,000. 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.
PGDM in Insurance Business Management Comparison
| BIMTECH | |
|---|---|
| Reviews Rating | - |
| Cost To Study | Total Fees ₹13 Lakhs (2 Years ) |
| Ranking | # Ranked 31/272 by India Today Management Ranks |
| Highest Salary | ₹2443000 |
| Average Salary | ₹1110000 |
| 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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BIMTECH: 7 Answered Questions
How is the insurance business management from the BIMTECH Noida?
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 –
- There are various career paths one can take after doing this course. The students can work as a broker in banks, insurance companies or any financial institution for that matter. The institute is also very popular and is visited by many insurance and banking companies along with financial institutions. BIMTECH is also known for its collaborations with many international organizations, so there won’t be any dearth of opportunities here. You could also try yourself as a financial analyst after doing this course.
- This course will equip students with knowledge about financial markets, risk management along with the core banking and insurance subjects. Many of the graduates go on to work as consultants in the insurance and banking sector. Apart from that, with its rich academic and research-oriented pedagogy, the institute imparts the necessary skills and training to the students for becoming successful professionals.
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.
Which is better at BIMTECH in terms of placements: insurance business management or retail?
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 |
Which stream should my sister opt for in BIMTECH Noida for MBA international business or insurance?
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.
I am selected in bimtech for pgdm-ibm. Should I go for it?
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.
How good is bimtech for PGDM in IBM?
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.
I got a call letter from BIMTECH (IBM) and IFMR Chennai. Which is the better option?
The college you want to choose depends upon what are your future plans, if you are planning to do specialization in finance then IFMR Chennai would be a good option, as IFMR Chennai is famous for its finance courses and if you are planning to do specialization in foreign subjects like foreign strategy and foreign trades then you should go with BIMTECH (IBM).
Which one should I choose, IMT Nagpur (marketing) or BIMTECH (insurance business management)?
Choosing between these two colleges and courses IMT Nagpur's Marketing program or BIMTECH's Insurance Business Management program highly depends on your interests and your career aspirations. If you want your career in marketing and you see yourself working as a marketing professional you should choose IMT Nagpur and vice-versa.
BIMTECH Latest News
BIMTECH Organised Its 35th Annual Convocation Amidst Presence of Stalwarts from the Corporate World; Check Details Here
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BIMTECH and IID Join Hands to Offer Training, Certificate Courses in Marketing; Read More Here
BIMTECH Hosted 3rd Edition Of Annual Business Literature Fest 2023 Check Details Here
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