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PGDM BFSI from NIBM Pune: Fees, Cutoff, Placements, Admission, Eligibility

Pune, MaharashtraPublic (Autonomous) College

Post Graduate Diploma Management - Banking and Financial Services [PGDM BFSI]


Course Fees

Course Duration

2 Years

Tuition Fees

8 Lakhs

1 Year Fees

8.12 Lakhs

Total Fees

16.12 Lakhs

Detailed Fees

general
yearTuition FeesOther FeesTotal Fees
year 1₹ 800000₹ 12000₹ 8.12 Lakhs
year 2₹ 800000-₹ 8 Lakhs

Course Information

Eligibility Criteria

Latest Update: NIBM Pune PGDM Admission has begun and the last date to apply is March 20, 2024. CAT Result 2023 has been released. Candidates can download the scorecard from the official website by using their login ID and username. XAT 2024 is scheduled to be held on January 07, 2024.

Aspirants seeking admission to 2 year Full-time Post Graduate Diploma Program should meet the following criteria as specified by the institute.

Eligibility Criteria:-

  • The candidate must hold a Bachelor's Degree, with at least 50% marks (45% marks in case of candidates belonging to reserved category) or equivalent CGPA, awarded by any of the Universities incorporated by an act of the central or state legislature in India or other educational institutions established by an act of parliament or declared to be deemed as a University under Section 3 of the UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India. The percentage of marks obtained by the candidate in the bachelor's degree would be calculated based on the practice followed by the university/institution from where the candidate has obtained the degree. In case the candidates are awarded grades/CGPA instead of marks, the conversion of grades/CGPA to percentage of marks would be based on the procedure certified by the university/institution from where they have obtained the bachelor's degree. In case the university/ institution does not have any scheme for converting CGPA into equivalent marks, the equivalence would be established by dividing the candidate’s CGPA by the maximum possible CGPA and multiplying the result with 100.
  • Candidates appearing for the final year of the bachelor's degree/equivalent qualification examination and those who have completed degree requirements and are awaiting results can also apply. Such candidates must produce a certificate from the Principal/Head of the Department/Registrar/ Director of the University/Institution certifying that the candidate is currently in the final year/is awaiting final results and has obtained at least 50% marks or equivalent based on latest available grades/marks. Such candidates, if selected, will be allowed to join the program provisionally only if they submit a certificate latest by June 30, 2022, from the Principal/Registrar of their college/institute (issued on or before June 30, 2022) stating that they have completed all the requirements (the results may, however, be awaited) for obtaining the bachelor's degree/equivalent qualification on the date of issue of the certificate. Their admission will be confirmed only when they submit the mark sheet and a certificate of having passed the bachelor's degree/equivalent qualification referred to in the certificate issued by the Principal/Registrar of their college/institute with at least 50% marks (45% marks in case of candidates belonging to reserved category). The deadline for submission of the mark sheet and the certificate is October 31, 2022. Non-fulfillment of this condition will automatically result in the cancellation of the provisional admission. NIBM would not allow any candidate to join the program in case the candidate is unable to complete all the requirements for a bachelor's degree on or before June 30, 2022. Instances of any incorrect information and process violation detected at any stage of the selection process will lead to disqualification of the candidate from the selection process. If such instances go undetected during the current selection process but are detected in subsequent years, such disqualification will take place with retrospective effect.

Entrance Exam:

Scores secured by the candidates in Common Admission Test (CAT) conducted by IIMs, Xavier Aptitude Test (XAT) conducted by XLRI Jamshedpur, Common Management Admission Test (CMAT) conducted by National Testing Agency, Graduate Management Aptitude Test (GMAT), Graduate Record Examination (GRE) will be used for the purpose.

Course Details

Security Deposit (Refundable): Rs. 12000

Important Dates

Events Dates
Last date to apply March 20, 2024
Writing Ability Test/Oral Communication and Personal Interview April 2024 (Tentative)
Declaration of Results May 2024 (Tentative)
Correction Window Opens to Update CMAT scores June 01 – 03, 2024 (Tentative)
CMAT Cut-off Release June 08, 2024 (Tentative)
Online OC and PI for CMAT candidates June 14, 15, 16, and 17, 2024 (Tentative)
Commencement of Classes June/July, 2024 (Tentative)
Submission of mark sheet/degree certificate : (for students currently in the final year) October 31, 2024 (Tentative)
Payment of First Installment of Fees Within 2 weeks from date of offer of admission


Placement

Highest Placement₹ 23.5 Lakhs
Average Placement₹ 15.2 Lakhs
Top Companies

NIBM Admission 2024 Dates

Important Events

EventDate
Submission of mark sheet/degree certificate (for students currently in the final year) (PGDM)Oct 31, 2024 (Tentative)

NIBM, Pune CAT Cut-Off 2024

CAT cut off Round
2023
CoursesEWSGeneralOBCPwDSCST
PGDM BFSI
657565506050

NIBM, Pune XAT Cut-Off 2024

XAT cut off Round
20232022
CoursesGeneralOBCSCST
PGDM BFSI
75656050

NIBM, Pune CMAT Cut-Off 2024

CMAT cut off Round
20232022
CoursesGeneral
PGDM BFSI
85

College Ranking

Ranking of National Institute of Bank Management - [NIBM]



Ask your question

Answered Questions

National Institute of Bank Management - [NIBM]: 19 answered questions

HR

Hina Rahman

09 Mar 23

When deciding where to pursue your MBA, it's important to consider the area of study you want to focus on. If you're interested in banking and finance, the PGDM program in Banking and Finance offered by NIBM would be an excellent option for you. NIBM is an esteemed institution established by the Reserve Bank of India, and it commands a great deal of respect in the finance industry.

For the PGDM 2022 Placement, the National Institute of Bank Management, Pune's students achieved an average package of Rs 11.41 LPA. If you're considering NIBM, it's helpful to know that the median package for PGDM 2022 Placement was INR 10.50 LPA.

In addition, for the top 10% of students at the National Institute of Bank Management, Pune in 2022, the average salary package was INR 15.40 LPA. For the top 25%, the average package was INR 14.62 LPA. For the top 50%, the average package was INR 13.35 LPA, and for the top 75%, the average package was INR 12.19 LPA.

Overall, NIBM is a great choice for those looking to pursue an MBA in banking and finance, and the institution's reputation in the industry is reflected in the strong salary packages its graduates receive.


NP

Nivedita Paul

16 Mar 22

GLIM, GIM, FORE, and LIBA offer general MBAs. So, you can your preferred specialization during your second year. This will give you a lot of freedom in terms of choosing your industry and job profile. All of these are good options. FORE has a great industry interface. Located in Delhi/NCR, it also enjoys a locational advantage. 

Your preference order for these four B-School should be - FORE=GIM>GLIM>LIBA. 

NIBM is a sectoral B-School, so choose it only if you are interested in joining the banking sector. Though IIFM isn’t a sectoral B-School, it is only known for its finance specialization. It is also rated below FORE, GIM, GLIM, and LIBA. 


AP

Anubhav Patil

04 Aug 22

If you are interested in Banking and Finance, NIBM is the obvious choice. It offers better future prospects, ROI, and exposure. Foreign Banks, Private Banks, NBFCs, Consulting Firms, etc. take part in NIBM Pune placement and offer niche job profiles. As per 2022 statistics, the average CTC for the institute is INR 10.50 LPA. 

NIBM boasts of an excellent faculty base. The course curriculum is regularly updated according to industry trends. 


KS

Kathakali Sengupta

04 Nov 20

NIBM and PIBM are both considered among the best colleges for MBA. With the well-versed diversity and well-facilitated campus, both the colleges are in a league of its own.

Rankings:

  • PIBM is a good college with a NIRF 2020 ranking of 76-100 and ranked as 34 in Times 2020.

  • NIBM is one of the best colleges in India and is ranked above 100 by NIRF.

Courses:

PIBM:

  • PIBM offers a full-time PG Diploma in Management program (PGDM) and 2 different courses in MBA.

  • The course fee is about 8 Lakhs.

NIBM:

  • NIBM offers a full-time PG Diploma in Management program (PGDM) in Banking and finance.

  • The total fee for the course is about 7 Lakhs.

Admissions:

PIBM:

  • PIBM is AICTE approved and accepts the admission of graduates above 50% score and the 10th 12th score should also be above 50%.

  • Admission for the courses is done based on the score for CAT/CMAT/XAT/PMAT/MAT/ATMA.

  • The cutoff score of MAT is 94+ Percentile, cut off score of CMAT is 94+ percentile, and the cutoff score of CAT is 60 percentile.

NIBM:

  • NIBM is also AICTE approved and accepts the admission of graduates with above 50% score.

  • Admission for the courses is done based on the score for CAT/CMAT.

  • The final selection is done by the university based on the WAT and PI.

  • The cutoff score of MAT is 94+ Percentile, cut off score of CMAT is 94+ percentile, and the cut-off score of CAT is 80 percentile.

  • There is an availability of 120 seats for admission.

Placement:

NIBM:

  • NIBM Pune has a 100% placement record.

  • The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA.

PIBM:

  • The highest salary package offered is 12 LPA.

  • About 80% of the students got placed before the pandemic situation, and for others, the process is still going on.

  • Companies like Deloitte, EClerx, Lake, Upgrade, Marico, Dabur, ITC, etc., visit the PIBM campus for placements.

Infrastructure:

NIBM:

  • NIBM has a self-contained campus with complete residential and educational facilities.

  • Labs and Wi-Fi facilities are available and maintained accordingly.

PIBM:

  • PIBM Pune provides all the necessary things, like a well-facilitated library and music room and well-maintained campus area.

  • Wi-Fi facility is available on the PIBM campus as well as in the hostel.

Both the institutes provide good opportunities regarding placements. There is a slight difference in the specialization of financial studies that are offered in NIBM which makes it considerably better than PIBM otherwise both are good choices for students.


VG

Vishal Gupta

16 Aug 22

You should choose UBS Chandigarh. 

  • Over the last few years, the development of the institute has been excellent. 
  • UBS offers good exposure to Panjab and TriCity Industrial belt. 
  • UBS Chandigarh fees are only INR 57,500 for MBA. 
  • Companies like American Express, KPMG, MG Motors, Phone Pe, etc. visit UBS Chandigarh placements. The average CTC offered this year was INR 10.13 LPA. 

These factors make UBS a good option for an MBA. 


IC

Ivy Chaterjee

04 Nov 20

Both NIBM and SIMS are considered the best colleges in Pune. NIBM received Asia’s Best Award at World HRD Congress 2018. Whereas, SIMS Pune is ranked 24 for MBA by TOI 2019.

Admissions:

SIMS:

It is an AICTE and NAAC approved college which accepts the admission of graduates above 50% score.

  • Admission for the courses is done based on the score of SNAP.

  • The rut off for Round 1 SNAP is 77 Percentile.

  • There is an availability of 120 seats for admission.

NIBM:

NIBM is an AICTE approved college that accepts the admission of graduates above a 50% score.

  • Admission for the courses is done based on the score for CAT/CMAT.

  • The final selection is done by the university based on the written ability test (WAT) and Personal Interview (PI).

  • The cutoff score of MAT is 94+ Percentile, cut off score of CMAT is 94+ percentile, and the cutoff score of CAT is 80 percentile.

  • There is an availability of 120 seats for admission.

Faculty:

SIMS:

  • Faculty members in SIMS focus on interactive learning. They use different methods to make classes more engaging and productive even when classes are conducted virtually.

  • It involves peer learning, and you get to learn about a lot of things covered in the course curriculum as well as in presentations, workshops seminars, etc.

NIBM:

  • The teachers are highly qualified and knowledgeable. Most of the faculty has a doctorate.

  • The faculty does not only focus on theory but it makes students industry-ready.

Placements:

SIMS:

  • Placements are offered in every field like finance, banking, marketing, etc.

  • The average salary package offered in SIMS is 8 LPA.

  • Major companies like Deloitte, Google, and Accenture have offered placements.

  • The training is provided by the placement cell well in advance for better opportunities.

  • The overall salary package here is between 6-13 LPA.

NIBM:

  • NIBM Pune has a 100% placement record.

  • They provide many internships and social development projects for students to avail of a better job opportunity.

  • The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA.

Both SIMS and NIBM are the best and well diverse colleges. There is not much difference based on infrastructure or campus facilities. But there is a well-versed difference in opportunities due to the better ranking of SIMS, which makes it more preferable among students than NIBM. There is also a visible difference in placement records which makes SIMS a better choice than NIBM.


AL

Adarsh Lambha

29 Oct 20

Goa Institute of Management, well known as GIM is ranked 48th under the Management category of NIRF 2020. On the other hand, the National Institute of Bank Management (NIBM) is among India's reputed business schools which have been ranked 88th in the 'Top B Schools of India' list. Even Among the top 100 B-Schools of India. Even Symbiosis Institute of International Business (SIIB), Pune is a AAA accredited business school placed at 10th position by The Week for Private MBA.

Admission Process:

GIM

  • Candidates must have 50% marks aggregate.
  • Final year candidates are also eligible to apply.
  • Candidates are shortlisted based on the CAT/XAT/CMAT entrance test score followed by Personal Interview and Achiever's round of scholarship.
  • The Basic fee structure for PGDM is INR 17-18 Lakhs.

NIBM:

  • Candidates are selected based on CAT, XAT(80%), CMAT(95%) scores, followed by writing tests and interviews.
  • The seat intake is around 120 seats.
  • The course fee for PGDM is 3.75LPA + 29K (Hostel Charges per annum).

SIIB:

  • The basic fee structure is16 LPA.
  • The selection is based on the SNAP entrance exam followed by GE/PI.
  • Candidates must have a minimum aggregate of 50% score.

Infrastructure:

  • GIM is well known for Learning Infrastructure, consisting of IT equipment and high-speed servers. Wide exposure to the central library and other resources and e-journals.Consists of Several Finance Labs and Data Mining Centre.
  • In NIBM the campus is centrally air-conditioned and has speed 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 24X 7.
  • SIIB has modern infrastructure, spacious classrooms, an auditorium, wifi feasibility, and lots more. Excellent Library access and e-journals.Well furnished hostels for girls/boys.Modernized gym, yoga, and aerobics room.

Placements:

Particulars

GIM

NIBM

SIIB:

Highest Package

INR 24.4LPA

18 LPA

INR 19.50 Lakhs.

Average Package

INR 11.4LPA.

INR 10 LPA

INR 10.60 Lakhs.

Placement Percent

100%

100%

100%

Top Recruiters

ABN AMRO,HDFC Life Insurance ,HP,Haier.

Axis Bank, Deloitte, Federal Bank, State Bank of India, HDFC Bank

HSBC Bank, IBM Global Service, IDBI trust, ICICI Lombard, etc 

The aforementioned are the basic highlights of the three colleges. NIBM is comparatively cheaper than the other two colleges, whereas, in terms of the package, GIM and SIIB receive higher package offers than NIBM. The choice is up to you.


AS

Abhilasa Sen

04 Nov 20

With the well-versed diversity and well-facilitated campus, both the colleges are in a league of its own. There are very few management institutes that offer specialization in financial studies as a separate course. NIBM and KJ are placed in top among these few Institutes.

Ranking:

  • KJ is considered one of the best colleges in India with a 56 NIRF 2020 rank and 5th rank by the Times 2020.

  • NIBM is also one of the best in India and is ranked above 100 by NIRF.

Admission:

KJ:

  • Admission for the courses is done based on the score for CAT/CMAT/GMAT/XAT with a 50% graduation score.

  • The cutoff score of GMAT is 95+ percentile, cut off score of CMAT is 95+ percentile, and cut off score of CAT is 85 percentile.

NIBM:

  • Admission for the courses is done based on the score for CAT/CMAT.

  • NIBM Pune also accepts the MAT score. The cutoff score of MAT is 94+ percentile, cut off score of CMAT is 94+ percentile, cut off score of CAT is 80 percentile.

  • The final selection is done by the university based on the written ability test (WAT) and Personal Interview (PI).

Courses Offered:

NIBM:

  • NIBM offers a full-time PG Diploma in Management program (PGDM) in Banking and finance and one course in MBA.

  • The total fee for the MBA course is about 7 Lakhs.

KJ:

  • KJ offers a full-time PG Diploma in Management program (PGDM) in Banking along with finance and 12 different courses in MBA.

  • The course fee is about 15 Lakhs.

Placement:

NIBM:

  • NIBM Pune has a 100% placement record.

  • They provide many internships and social development projects for students to avail of a better job opportunity.

  • The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA.

KJ:

  • KJ also has a 100% placement record.

  • The highest salary offered was 27 LPA with an average salary of 9.50 LPA.

The Faculty is considered better in KJ than in NIBM due to its better ranking. Also, the placement and internship opportunities are more in KJ than in NIBM. So, considering the statistics it can be said KJ is better than NIBM in a few aspects.


PK

Poornima Kulkarni

29 Oct 20

National Institute of Bank Management (NIBM) is among India's reputed business schools ranking 88th in the 'Top B Schools of India' list. On the other hand, the Institute for Financial Management and Research (IFMR) is also one of the leading business schools which has been ranked 23 in the 'Top Management Colleges of South Zone' and 53rd under Management Category by NIRF.

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

Particulars

NIBM

IFMR

Ranking

88th

47

Fees

1.2 Lakhs

16.77 Lakhs

Highest Package

18.8 LPA

13.6 LPA 

Average Package

8.70 LPA

10.8LPA.

Placement Rate

100%

99%

Admission Procedure:

NIBM:

  • Candidates are selected based on CAT, XAT(80%), CMAT(95%) scores, followed by writing tests and interviews.
  • The seat intake is around 120 seats
  • The course fee for PGDM is 3.75LPA + 29K (Hostel Charges per annum).

IFMR:

  • Candidates should be from the full degree course and must have 60% marks aggregate in their 10+2 and Undergraduate.
  • Work Experience is not mandatory.
  • Candidates are shortlisted based on scores of CAT, XAT, CMAT, GRE, GMAT.
  • The basic fee for MBA in IFMR is in total 17Lakhs, including all living expenses.

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 24X 7.

IFMR:

  • IFMR has lush green, environment-friendly, and Wi-Fi enabled campus.
  • It also has digitized AC classrooms.
  • The hostels are fully furnished with an attached bathroom and geyser.
  • Convenient Access to the library, hospitals, stores, etc.

Placements:

NIBM:

  • NIBM assures 100% placement.
  • The highest package calculated is around INR 18.8 LPA
  • INR 8.70 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.

IFMR:

  • IFMR ensures 99% placements for its students.
  • INR 13.6 LPA records to be the highest package.
  • The average package in IFMR is INR 10.8LPA.
  • Maximum students get placed under Finance, Marketing, Financial Engineering, HR, General Management, and Operations.

Both colleges are pretty good with decent placement percentages. In terms of package and fee structure, NIBM gets pretty good package offers and is relatively cheaper than IFMR.


OC

Oishi Chaterjee

04 Nov 20

NIBM that is the National Institute of Banking and Management Pune is considered one of the best in the country and ‘The Best’ in the state. NIBM received Worldwide Achievers’ Award for a good performance at B-School in Banking and Finance. The criteria for admission at the institute are as follows.

Criteria for Admission:

For Admission, every individual has to follow the basic guidelines put forward by the university authorities.

  • NIBM is an AICTE approved college that accepts the admission of graduates above 50% score or equivalent CGPA by any MHRD recognized college or university.

  • Students are shortlisted for admission based on the score for CAT/CMAT/XAT.

  • After that, the shortlisted candidates have to give the Written Ability Test (WAT).

  • The final selection is done by the university after the written ability test (WAT) and Personal Interview (PI).

  • These selected students have to send an email to the University by sending RS 1 lakh for the confirmation of acceptance.

Cutoff:

The University provides its cutoff based on the exam and performance. This cutoff is not fixed, it changes every year. The average cutoff is as follows.

  • The Cutoff score of MAT is 94+ Percentile.

  • The Cutoff score of CMAT is 94+ percentile.

  • The Cutoff score of CAT is 80+ percentile.

There is an availability of a total of 120 seats for admission per year. The application fee is INR 1500. NIBM Pune selection centers for admission are at Bangalore, Delhi, Pune, Mumbai, Kolkata, Lucknow.



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