The National Institute of Bank Management (NIBM) requires candidates to clear percentile cutoffs in entrance exams like CAT, CMAT, and XAT, with a CMAT cutoff of 95%, followed by a Written Ability Test (WAT) and Personal Interview (PI) in April. Renowned for its banking and finance specialization, the institute boasts a 100% placement record annually, with strong ties to the Reserve Bank of India (RBI). The two-year PGDM program costs INR 16 lakhs, covering tuition and hostel fees, with mess fees at approximately INR 5,000 per month. Payment can be made in installments through NetBanking. Scholarships are available, including a Merit cum Need-based scholarship of INR 1,50,000 per year for up to eight students and a CFA University Affiliation program scholarship. The faculty comprises experienced industry experts, many consulting for the RBI, specializing in Treasury and Risk Management. Despite some views on limited innovation, faculty are approachable and knowledgeable. The curriculum operates on a trimester system with 12 exams over two years, supplemented by guest lectures from industry leaders. The faculty-to-student ratio is 30:264. NIBM ensures 100% placement, with average packages between INR 10.03 LPA and INR 15.5 LPA, and the highest packages ranging from INR 18 LPA to INR 27 LPA. Prominent employers include Deloitte, HDFC Bank, and KPMG. Internships, also at 100%, are offered by companies like CRISIL and Morgan Stanley, with stipends between INR 15,000 and INR 25,000 per month. While placements are strong, concerns exist about the quality and transparency of internship placements. Loan facilities are available through banks like Punjab National Bank and State Bank of India, with some offering collateral-free options.
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