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BIMTECH Post Graduate Diploma in Management Insurance Business Management (PGDM IBM) is the 2 years full time management programme with MBA equivalence from Association of Indian Universities. On completion of the PGDM-IBM programme student will be awarded Post Graduate Diploma in Management in Insurance Business Management. It is a 121 credit program. The PGDM Insurance Business Management (IBM) was introduced in the year 2000, and it coincided with the opening up of the insurance industry for private competition. The avowed objective of the program of Insurance Business Management (IBM) of BIMTECH is to turn out Insurance Management Professionals who are industry-ready.
| Particulars | Details |
|---|---|
| Program Type | MBA/PGDM |
| Program Name | PGDM Insurance Business Management |
| Residential/Non-Residential | Residential |
| Specialization Offered | Marketing, Banking & Financial Services, Insurance |
| Duration | 24 Month |
| Mode of Study | Full Time |
| Seats | 60 |
| Fees | Rs. 13.00 Lakhs |
| Average Salary | Rs. 11.10 Lakhs |
| Approved/Accredited by | AICTE, NBA, AACSB, AIU Recognized PGDM as Equivalent to MBA |
| Publisher | Rank Year | Rank |
|---|---|---|
| NIRF | 2024 | #64 |
| MBAUniverse.com | 2024 | #32 |
| Business Today | 2024 | #31 |
The Post Graduate Diploma in Management Insurance Business Management (PGDM IBM) at BIMTECH is full time 2 year duration residential programme divided in six trimesters.
BIMTECH offers cutting-edge curricula. Among the recently introduced changes in PGDM IBM curriculum are courses on Insurtech, Insurance Analytics, Advanced Risk Management (including Enterprise Risk Management), and advanced Health Insurance. This is besides the conventional insurance subjects both in life, non-life, health, and reinsurance. The course is spread over six trimesters with a two-months summer internship assignment between the first and second year. Besides, students are taught the Elements of Actuarial Science, Marketing, Finance, CRM, OB & HR, and Personal Financial Planning (Wealth Management). Rounding off the personality traits of students is accomplished by focused training in soft skills, corporate visits, and industry-based projects.
The PGDM IBM program runs a Joint Certification in Reinsurance with Swiss Re (GBS). BIMTECH also has Campus connect Programme with Xceedance & RMS Moody. PGDM (Insurance Business) program has got credit for Prior Learning /Accreditation by the Insurance Institute of India (III), Mumbai. A similar kind of credit for prior learning recognition is also in place with Chartered Insurance Institute-UK. BIMTECH students get the eligibility of Diploma in Insurance status from CII-UK after completing the course, subject to having passed one mandatory “Insurance Law” course of CII-UK.
BIMTECH Admission Eligibility Criteria have following key requirements:
| Eligibility | Details |
|---|---|
| Education Requirements | Bachelor's Degree, with at least 50% marks or equivalent CGPA |
| Exam Accepted | CAT, XAT, CMAT, MAT, GMAT |
| Work Experience | - |
| Fees Component | Amount |
|---|---|
| Tuition Fee | Rs. 13.00 Lakhs |
| Total Fees | Rs. 13.00 Lakhs |
BIMTECH Admission Step by Step Process is as below:
The candidates who wish to apply for one or more BIMTECH PGDM programmes, can use common online application form. The application should be submitted with the requisite application fee of Rs.2000/-. However, first you need to register at BIMTECH Greater Noida website before applying online
After PI round, final selection list is prepared based on the weightages judiciously divided to entrance exam score; Academics; Work Experience; Personal Interview; Gender Diversity; to students from specified regions and to Minority candidates.
| Year | Average Salary | Median Salary | Highest Salary | Batch Placed |
|---|---|---|---|---|
| 2022 | Rs. 8.95 Lakhs | Rs. 0 | Rs. 11.00 Lakhs | 100% |
| 2023 | Rs. 11.22 Lakhs | Rs. 0 | Rs. 14.50 Lakhs | 100% |
| 2024 | Rs. 11.10 Lakhs | Rs. 0 | Rs. 14.00 Lakhs | 100% |
| Exam | Percentile | Score/Maximum Score |
|---|---|
| CAT | 70% |
| XAT | 70% |
| CMAT | 90/400 |
| MAT | 90/600 |
| GMAT | 70/800 |
