NIA Pune is India’s one of the best business schools spread in the lush green sprawling campus of 32 acres. Under NIRF ranking, NIA Pune is placed under the rank-band of 76-100. NAAC has appropriated NIA with grade “A” in 2007 as an academic institution.
In 2004, it started PGDM education as a lateral diversification. The PGDM program by NIA is known for its dual specialization (Insurance + HR/Marketing/Finance/IT). It is one of the finest courses that provide specialized knowledge in Management and Insurance.
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Admission to the PGDM course will be based on the marks secured in CAT/CMAT. The selection process will also include Group Discussion and Personal Interview. Relevant working experience will be an added advantage.
The PGDM program provided by NIA Pune matches the international standard and for this National Insurance Academy School of Management (NIASoM) has undergone complete syllabus restructuring under the supervision of Dr Prathap Oburai, the Director of INA.
NIA Pune Quick Facts
- NIA Pune apart from its dual specialization PGDM course is also known for Broker’s training and examination program with IRDA. The MDP programme of NIA Pune is meant for top executives of insurance companies.
- NIA Pune is recognized by AICTE and AIU.
- NIA Pune provides only full-time education programmes through PGDM and PhD courses.
- The qualifying exam for PGDM is CAT or CMAT. For admission in admission courses entrance exams are conducted by the institute. However, those candidates who have cleared JRF are not required to sit in the entrance examination for PhD courses. They will be directly called for GD/PI.
- NIA Pune also provides 9 scholarships of 1 lakh each to meritorious students belonging to different categories. PSUs like General Insurance Corporations also provide scholarships to eligible students.
- The academy has evolved into a unified management school with not only training and education but also with the publication, research, regulatory advisory services and consultancy.
Read More: NIA Pune Admission
NIA Pune Important Dates
Event | Dates |
---|---|
PGDM Application Starts | November 01, 2024 |
CAT Dates | |
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CAT 2023 Registration | August 02, 2023 - September 20, 2023 |
CAT 2023 Admit Card Release | October 25, 2023 |
CAT 2023 Exam | 26 November 2023 |
CMAT Dates | |
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Last Date of Submision of Applications Fomrs Online | Mar 13, 2024 (Tentative) |
Last Date for Payment of Application Fee Online | Mar 13, 2023 (Tentative) |
Correction Window (Online Only) | Mar 14, 2023 – Mar 16, 2023 (Tentative) |
XAT Dates | |
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XAT 2024 Registration | July 15, 2023 – November 30, 2023 |
XAT 2024 Admit Card | December 20, 2023 |
XAT 2024 Exam | January 07, 2024 |
NIA Pune Awards and Ranking
- NIA received B-school excellence award by Bloomberg/UTV
- NIA also received the “CSR Excellence in Education Award”.
- It also received the “CSR Top Institute of India Award.”
- NIA Pune is placed under a rank band of 76-100 under the NIRF ranking.
NIA Pune Courses and Fees
Courses | Specialization | Eligibility |
---|---|---|
PGDM | Management | Graduation degree from any recognized university with a minimum 50% for General Category and 45% for SC/ST/DA category |
Post Graduate Program | Actuarial Science | Graduation with 50% marks |
Certification | Risk Management | Graduation from a recognized university |
Proficiency in Crop Insurance | Passed 10th examination |
Note: The selection criteria for PGDM course includes CAT/CMAT score which is given 50% weightage in the final merit list, GD/PI score which has 30% weightage in the final merit list, and Past Academic Records (20% weightage) along with relevant work experience at the time of the interview.
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NIA Pune Admissions
Candidates who are eligible for the PGDM program are allowed to undertake an online application process. The following admission process is as follows:
Step 1: Visit the Official Website of the Institute (www.niapune.org.in)
Step 2: Register with a valid username and Email ID and log in with your account
Step 3: Fill the application form for the course you want to join.
Step 4: Upload your photograph and other required documents.
Step 5: Pay the application fee of Rs1260. Different modes of payment are available.
Step 6: Shortlisted candidates will be called for further process (GD/PI)
Step 7: Once selected, candidates are required to pay the course fee to confirm their seat.
Read More: NIA Pune Review
NIA Pune Cutoff
The expected cutoff for NIA Pune admission 2024 is as follows:
Categoru | CAT | XAT | CMAT |
---|---|---|---|
General/ EWS | 75 | 85 | 95 |
NC-OBC/ SC/ ST/ DA | 71.25 | 80.75 | 90.225 |
NIA Pune Placements
NIA Pune placements 2023 recorded a 100% placement. A total of 98 students and among them 40 students already received PPOs through their internships. There was a 21.31% Increase in the NIA Pune average CTC which stood at INR 12.5 LPA and the NIA Pune highest CTC stood at INR 18 LPA. Around 54 students were placed with a package above INR 12.5 LPA and the highest number of offers were made by Bajaj Allianz Life Insurance Co. Ltd.
Some of the top recruiters included Tata AIG General Insurance, Bajaj Allianz General Insurance, Mahindra Insurance Brokers Ltd., Policybazaar Insurance Brokers Pvt. Ltd., etc.
Placement 2023 highlights are as follows:
Particulars | Placements statistics (2021-23) |
---|---|
Recruiters | 17 |
Students Placed | 98 |
No. of PPOs | 40 |
Placement percentage | 100% |
Highest CTC | INR 18 LPA |
Average CTC | INR 12.5 LPA |
Median CTC | INR 13 LPA |
Increase in average package | 21.31% |
Top recruiters | Tata AIG General Insurance, Bajaj Allianz General Insurance, Mahindra Insurance Brokers Ltd., Policybazaar Insurance Brokers Pvt. Ltd., etc. |
Top Companies at NIA Pune
Reliance General Insurance | Aditya Birla Insurance Brokers | SBI Life Insurance Company | Tata AIG General Insurance |
IFFCO Tokio General Insurance | Swiss Reinsurance Company Limited | Edelweiss Gallagher Brokers | Bajaj Allianz |
Howden Insurance Brokers | Star Health and Allied Insurance | Exide Life | ICICI Lombard |
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NIA Pune Scholarships
The institute endeavours to help deserving candidates from different categories in pursuing management studies.
- A total of 9 scholarships of 1 lakh each are provided by NIA to meritorious students including girls students and students belonging to economically weaker sections.
- General Insurance Corporation of India sponsors 5 scholarships to the students to the extent of the 50% of the course fee per student.
- The scholarships are meant for the meritorious students belonging to the lower income category.
Read More: NIA Pune cutoff
NIA Pune Facilities
Library: Libraries are important cornerstones for any college. It is a place where students visit to fill the gap in their knowledge. Library in NIA is one of the finest libraries in India which cater to the needs of its students. It holds knowledge resources related to Management, Insurance, and Allied Subjects. E-Resources includes E-journals, E-books, and Full-text (aggregated) databases. Stacking of research publication is another valuable addition to the library.
Sports and Recreation: NIA, since its inception, believes in all-round development of students, and thus has undertaken many initiatives to provide a conducive environment to their students for their development. The NIA Pune campus is well equipped with sports facilities that are fitting testament to the high standard set. The state-of-the-art sporting facilities range from a full size cricket ground, football ground, and new sports complex that houses badminton courts and gymnasium. There is also an equipment park that includes static biking, swinging, and rocking.
Hostel Facilities: Hostel facilities are available for only a limited number of students. However, students can easily find affordable accommodation outside the campus if they failed to get the accommodation on the campus itself. Necessary relief in fees is given to such non-resident students. The campus is provided on a priority basis in the following manner:
- First preference is given to all girl students
- The second preference is given to students belonging to SC/ST/DA and other backward classes.
- The remaining students are given preferences on the basis of the merit list.
Read More: NIA Pune Faculty
NIA Pune FAQs
Ques. What is the profile provided by NIA through its PGDM course?
Ans. Being a joint venture of the top Insurance PSUs of the country, NIA has the potential to give exceptional exposure to its students. The course is similar to other PGDM courses but with a specialization in Insurance subjects. Top Insurance companies come every year as a recruiter here and offer a post of Administrative Officer to selected students.
Ques. Does NIA give opportunities for Summer Internship to its students?
Ans. Yes, NIA provides Summer Internship opportunities to its students. Various companies come to the college to recruit for summer internship programmes as well.
Ques. How is the Faculty of NIA Pune?
Ans. NIA Pune has an exceptional faculty list. Being directly affiliated to the Ministry of Finance, students get a chance to come in touch with experienced leaders of the Insurance industry.
Ques. Is NIA Pune internationally affiliated?
Ans. Yes, NIA has international affiliations with organizations like The Institute (USA), the Canadian Institute of Insurance, and CII (London).
Ques. What are placement statistics of NIA Pune?
Ans. NIA Pune has a record of 100% placement. The highest package offered by NIA Pune in the current year was 29.5 LPA with an average package of 10.3 LPA.
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