Course Duration
2 YearsTotal Fees
11 LakhsTotal Fees | ₹ 11 Lakhs |
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.
Highest Placement | ₹ 23.4 Lakhs |
Average Placement | ₹ 11.3 Lakhs |
Top Companies |
Event | Date |
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For an MBA degree, BIMTECH will be the best option among these. It has a clear focus on management education and also has the backing of Birla group. BIMTECH placements are pretty good for MBA. According to the recent placement drive, around 95.28% of students got placement offers and the average CTC received by the students was INR 8.07 LPA.
BIMTECH Greater Noida is a very good college to pursue PGDM, especially for Fresher as you will be able to adapt to the teachings easily.
Categories |
BIMTECH Noida |
Cut Off (CAT) |
70 percentile |
Course Fee |
9-14 lakh |
Highest CTC |
18 LPA |
Average CTC |
6 LPA |
Recruiting Companies |
Infosys, Capgemini, Nestle, Berger, etc. |
The fees are said to be on the high side when compared to the placements and ROI but if the overall experience is considered, then the fees justify itself. The mess food is quite good and tasty and proper measures are taken to ensure quality and cleanliness. Due to this maintenance, the fees increase gradually.
You can totally give BIMTECH a chance without any regret.
BIMTECH has a strong campus placement track record. Almost every student receives a lucrative job offer from a variety of departments and sectors. The batch of 2021 witnessed a 95.92% placement record.
If we look at retail, in particular, you will have a lot of options for placement. It is so because the institute was founded under the auspices of the Birla Academy of Art and Culture. This also aids BIMTECH students in obtaining excellent placement opportunities in a variety of industries. Aditya Birla's retail wing, in fact, hires students straight from the university.
Other notable retail companies that have recently been hired from BIMTECH include:
The average package offered to students was 8.07 LPA in 2021 while the highest package is 16 LPA. A total of 129 recruiters participated in the placement drive.
So, if you're considering enrolling in BIMTECH's PGDM in Retail Management, you've come to the right place.
When considering a post-graduate program in management, SOIL may be a strong option due to its flexible course offerings. SOIL offers a 1-year PGPM course, in addition to its 2-year MBA program, for individuals with at least 2 years of work experience. This can be particularly beneficial for those who wish to continue working while pursuing an advanced degree. Additionally, SOIL's average placement numbers are higher compared to BIMTECH but lesser than IMI, with an average placement of 11 LPA as opposed to 9.38 LPA and 12.87 LPA for BIMTECH and IMI, respectively.
However, it is important to consider other factors and conduct thorough research before making a final decision on which program to pursue.
BIMTECH is one of India's top business schools, with a strong emphasis on entrepreneurship and innovation. The institute's PGDM programs are all equivalent to an MBA degree.
Merit/Supernumerary: 13,00,000 INR, Corporation Sponsored 17,00,000 INR, NRI 17,00,000 INR, Corporation Sponsored 17,00,000 INR, NRI Sponsored 17,00,000 INR. Supernumerary seats are reserved for People of Indian Origin (PIO)/Foreign Nationals (FN)-/International/SAARC Nationals/Gulf Quota/Indians living abroad (OCI).
If your CAT percentile is between 80 and 90, BIMTECH is a good option to consider. The campus is vast, with all modern amenities, and the faculty is excellent. However, when it comes to placement, PGDM and PGDM - Insurance students receive the highest number of offers.
If you want to study International Business or Retail Management, look into their most recent placement records and make an informed decision.
With 83 percentile in CAT or in other exams like XAT, and GMAT you can apply to all the programs offered by BIMTECH.
BIMTECH is a great option as it is ranked among the top Pvt. B-Schools in India. It is one of the most prestigious and leading B-Schools in India and offers amazing global exposure.
It has a fully residential campus with all the facilities. The faculty base is quite good. It offers decent industrial exposure. It also has a stellar placement record. Various renowned national and multinational companies visit the campus for placements. In the 2021 placement, the placement average was 94%. The average CTC offered stood around 8 LPA.
Adding more to it, the institute pushes students to excel in extracurricular activities and in other clubs as well.
Among these, IMT Nagpur is better for marketing. It has an outstanding marketing faculty and the placement record is decent as well. During IMT Nagpur placement 2022, the highest CTC, i.e. INR 23.57 LPA was offered by the Marketing sector. Students of Marketing specialization usually receive an average CTC of around INR 7 LPA. The major recruiters are usually from FMCG, BFSI, FMCD, and Manufacturing sectors.
If you have converted BIMTECH Greater Noida for the core PGDM program, then you should definitely consider this program over the other.
ICFAI Business School (IBS) has many campuses across India; Mumbai, Dehradun, Gurgaon, Bangalore (off-campus Hyderabad), Kolkata, Pune, Ahmedabad, and Jaipur. Out of these, only the Hyderabad campus comes close to BIMTECH Greater Noida.
The average salary offered during the campus placements for the core PGDM 2018-20 batch of BIMTECH Greater Noida is INR 8.27 lakhs per annum. The percentage placements of the overall batch (all the courses) were 96.59%.
If you are really interested in finance and want to build your career in the same, then you can go for IBS Mumbai if you are not getting any other campus. Otherwise, BIMTECH Greater Noida is always preferable.
BIMTECH is a management institute that has its own set of advantages and disadvantages. While some students might face challenges with certain rules and regulations, others may not have any issues with them. Here are some of the factors you might want to consider before enrolling in BIMTECH:
In conclusion, while BIMTECH may have its own set of flaws, it is important to weigh them against the advantages before making a decision.