What is a better choice for PGDBM IRMA or NIBM?

National Institute of Bank Management (NIBM) is among India's reputed business schools well known for Finance and Banking whereas the Institute of Rural Management Anand (IRMA) is a Premier Business School especially known for Rural Management. IRMA has bagged a NIRF Rank of 72 and NIBM has been ranked 88th in the top B-Schools list. It has been ranked 8th among top colleges of Hyderabad by The Week and Business Today.

The table given below shows a brief overview of both institutions:

Admission Process

NIBM:

• The fee structure for the entire duration of 2 years is INR 12,00,000, involving hostel and mess charges.
• The seat intake is around 120 seats.
• Online Application Mode.
• CAT,XAT(80%),CMAT(95%) exams are accepted here.
• Followed by writing tests and interviews.

IRMA

• Admissions in ISBR is based on the ISBR written performance, Group Discussions, and Interview. 
• IRBM costs 4LPA for MBA/ PGDM.

Infrastructure

NIBM:

• The campus is centrally air-conditioned and speeds wi-fi service.
• Cultural festivals are conducted every year.
• Poses Auditorium, IT equipped laboratories and digital library.
• Girl's Residentials are fully furnished with strong security 24*7.

IRMA

• The campus is equipped with state-of-the-art facilities like lecture halls, seminar rooms, a library, an auditorium,
• Supports formal training and development center, hostels, a student activity center, faculty & staff housing, a dispensary, etc.

Placements

NIBM

• NIBM assures 100% placement.
• The highest package calculated is around INR 18 LPA
• INR 10 LPA is the estimated average package in NIBM.
• Axis Bank, Deloitte, Federal Bank, State Bank of India, HDFC Bank are some of the prominent recruiters of NIBM.

IRMA

• IRMA's highest package records to be INR 13 LPA.
• INR 5.9 LPA is estimated to be the average package.
• The placement rate was measured to be 80%.

The placement range of both the institutes is pretty the same. With respect to Brand Value, IRMA has an edge over NIBM. But many people lack interest in Rural Management. Hence the choice is up to you and your area of interest.