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How is the insurance business management from the BIMTECH Noida?
The Insurance Business Management (IBM) from BIMTECH Noida is a very high-demand course, especially for those who want to build their career in the financial and the banking sector. It is one of the 4 full-time PGDM courses offered by the institute apart from an executive PGDM course.
Talking about the institute, it has a rich legacy of 30 years of excellence in academics where the faculty are known to be really hardworking. They are very well qualified, many of them have lots of industrial exposure and they bring in their collective knowledge in the classroom studies. Some of the reasons why PGDM in Insurance Business Management from BIMTECH Noida will be beneficial for you are –
- There are various career paths one can take after doing this course. The students can work as a broker in banks, insurance companies or any financial institution for that matter. The institute is also very popular and is visited by many insurance and banking companies along with financial institutions. BIMTECH is also known for its collaborations with many international organizations, so there won’t be any dearth of opportunities here. You could also try yourself as a financial analyst after doing this course.
- This course will equip students with knowledge about financial markets, risk management along with the core banking and insurance subjects. Many of the graduates go on to work as consultants in the insurance and banking sector. Apart from that, with its rich academic and research-oriented pedagogy, the institute imparts the necessary skills and training to the students for becoming successful professionals.
Thus, without a doubt, this is a very good course with a focused approach towards the sector. The institute, pedagogy, faculty, and facilities are all top-notch and it will help you propel your professional career.
Which stream should my sister opt for in BIMTECH Noida for MBA international business or insurance?
She must first evaluate both courses based on her areas of interest. Both courses have advantages and disadvantages.
The IBM (insurance) course has a lower fee structure than International Business. The job profiles available for the IBM course are insurance company oriented. In contrast, the job profiles for the IB course range from sales to marketing to finance and HR depending on your specialization. BIMTECH is well-known for its IBM training. The package on offer is also very good. This year's average would be around 6.5, with more than 90% of students placed.
It is entirely dependent on your sister's area of interest. She can also look at the institute's website to see what kinds of faculties and subjects are available and then make an informed decision.
I am selected in bimtech for pgdm-ibm. Should I go for it?
You should go for BIMTECH IBM (Insurance Business Management) program. It is well-known across India and one of the very few colleges in India offering a course in Insurance.
The faculty is highly experienced and the program has a 100% placement rate. You will be placed first among all others on the campus as the majority of the recruiters are Insurance Firms. The average salary package offered for PGDM IBM at BIMTECH lies between the range of 6-7 LPA.
Go for it if you are looking forward to a career in the Insurance industry.
Is IIM tag really important in the long run? I have a call from NITIE (PGDIM), IIM Shillong and MDI (HR and IB, PGDM is a little waitlisted). What should be my order of preference?
Let me strike off IIM Shillong from your list of preferences. This is because no matter how well it is doing, it can never compare to the older IIMs and the recruiting companies know that very well. Now let’s look at the other two options.
NITIE: This option is a feasible one only if you are interested in Operations. I won’t suggest it for any other domain.
MDI Gurgaon: From the alumni base to location advantage, this B School has it all. Now that you have chosen your college, let’s discuss the domain you will be choosing. I will suggest you go for HR only if you are seriously passionate about it. If you are confused between HR and Operations, the best option is the IM course. The PGP-IM of MDI, Gurgaon is the best International management course in India. Its USP is its generic nature making it possible for you to start your career in any domain like marketing, finance, Consulting, or product management.
Which is better at BIMTECH in terms of placements: insurance business management or retail?
Both PGDM-RM and PGDM-IBM are similar in terms of ROI and placement. Both the courses in Bimtech offer good career options. Even in 2020, which was a challenging year, the students of Insurance and Retail were offered some quality profiles by multiple prominent recruiters. Some of the companies are Infosys, TCS, Bajaj Allianz, SBI, Aditya Birla Group, Religare, and H&M. The recent 2022 placement stats:
|
Domain |
PGDM-IB |
PGDM- RM |
|
Average CTC (2022) |
8.95 lakhs |
8.90 lakhs |
|
Average CTC (2021) |
8.01 lakhs |
7.95 lakhs |
Which is a better career choice for MBA: BIMTECH (Insurance buisness management) or SIBM Pune (Enterpreneurship and innovation)?
BIMTECH's Insurance Business Management programme or SIBM Pune's Entrepreneurship and Innovation programme, the choice depends on your professional goals.
BIMTECH's Insurance Business Management programme gives students a solid insurance and risk management foundation. The programme prepares students for careers in the significant and rising insurance business, which includes underwriting, claims administration, risk analysis, and sales and marketing.
SIBM Pune's Entrepreneurship and Innovation programme is for students interested in launching their own businesses or working in entrepreneurial contexts. The programme teaches how to find new business possibilities, write business strategies, and run a profitable business.
Both programmes have great job opportunities, but they impart different skills and knowledge. BIMTECH's Insurance Business Management programme is ideal for insurance professionals. If you want to establish a business or work in an entrepreneurial setting, then SIBM Pune's Entrepreneurship & Innovation programme is better.
Consider your strengths, interests, and career goals before making a decision though.
How good is bimtech for PGDM in IBM?
You should join the course at IBM without any second thoughts. Try to do a bit more research about the PGDM course that you want to pursue. 117 companies offered placement opportunities to the students enrolled in the PGDM course at IBM.
The institute also has witnessed involvement from international recruiters like RAK Ceramics, Landmark (Home Centre), and a few more who offered job roles and opportunities across Sales, Marketing, Retail, and Operations.
Placements at BIMTECH have been seeing an improvement in the domestic package offered by 12.50% with the highest package offered to be INR 18 Lakhs per annum and international packages by 15% with the highest package offered to be INR 23.00 Lakhs per annum.
In BIMTECH, you will get a good ROI and will surely be recruited by a good company before the course gets over.
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