National Institute of Bank Management, Pune is an autonomous institute established by RBI & banks and got recognition by AICTE, from 2013 onwards. Placement in NIBM is about 100% with the highest package of INR 22 LPA.
Admissions:
Cutoff:
Faculty:
Placements:
Above are the basic details about NIBM, Pune. If you are into management in banking and finance then sure you can opt for this college. It provides a lot of opportunities for the student to get their internship and placements.
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.
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
NIBM:
SIIB:
Infrastructure:
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.
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:
IFMR:
Infrastructure :
NIBM:
IFMR:
Placements:
NIBM:
IFMR:
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.
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.
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.
Both NIBM Pune and PIBM Pune are excellent schools offering premium education in the field of education. The choice depends on personal preferences. For instance, f you are looking for a Banking and finance specialization, then go for NIMB without any second thoughts.
If you aren't sure of your specialization yet, then PIBM will be the best for you. This is because NIMB has a high cutoff so the chances of getting admission are lower than PIMB. Also, PIMB offers a better ROI than NIMB. Consider the table below
Particulars |
NIBM Pune |
PIBM Pune |
Total fees |
INR 1,600,000 |
INR 795,000 |
Average packages |
INR 15.22 LPA |
INR 7.1 LPA |
PIBM is a great choice for both MBA and PGDM courses.
National Institute of Bank Management (NIBM) is among India's reputed business schools well known for Finance and Banking whereas the Institute of Rural Management Anand (IRMA) is a Premier Business School especially known for Rural Management. IRMA has bagged a NIRF Rank of 72 and NIBM has been ranked 88th in the top B-Schools list. It has been ranked 8th among top colleges of Hyderabad by The Week and Business Today.
The table given below shows a brief overview of both institutions:
Particulars |
IRMA |
NIBM |
Rank |
72 |
88 |
Fees |
13 Lakhs |
1.2Lakhs |
Highest Package |
52 LPA |
18LPA |
Average Package |
10.80LPA |
10LPA |
Placement Percentage |
100% |
100% |
Admission Process
NIBM:
IRMA
Infrastructure
NIBM:
IRMA
Placements
NIBM
IRMA
The placement range of both the institutes is pretty the same. With respect to Brand Value, IRMA has an edge over NIBM. But many people lack interest in Rural Management. Hence the choice is up to you and your area of interest.
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. Due to great placement opportunities and well-maintained infrastructure, it is a preference for most students.
Achievements:
NIBM received Worldwide Achievers’ Award for a good performance at B-School in Banking and Finance.
NIBM received Asia’s Best Award at World HRD Congress 2018.
Courses:
NIBM provides courses based on industry requirements, and with modules like NPA Management, Business Analytics, IFRS.
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 per year is about 1.86 Lakhs.
Admission:
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).
NIBM Pune also accepts the MAT score. The cutoff score of MAT is 94+ percentile.
Whereas, the cut-off score of CMAT is 94+ percentile, cut off score of CAT is 80 percentile.
Infrastructure:
NIBM has a self-contained campus with complete residential and educational facilities.
The classrooms are air-conditioned and well-equipped.
The library is well maintained satisfying all the requirements of the students.
The Labs and Wi-Fi facilities are available and maintained accordingly.
Faculty:
The teachers are highly qualified and knowledgeable. Most of the faculty has a doctorate.
The curriculum is relevant and advances for someone who wants to go into the banking sector. They provide a decent knowledge regarding banking and finance.
The faculty does not only focus on theory but it makes students industry-ready.
Placement:
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.
With the best-regulated syllabus and excellent faculty, it is one of the best choices for students in India to pursue an MBA.
NIRF ranked GLIM, Chennai as the 18th best management college in India. It is one of the finest Business Schools in the country.RBI established National Institute of Bank Management (NIBM) is among India's reputed business schools. NIBM has been ranked 88th in the 'Top B Schools of India' list popularly known for Finance and Banking.
The table given below shows a brief overview of both institutions:
Particulars |
NIBM |
GLIM |
Rank |
88 |
23 |
Fees |
1.2Lakhs |
17-19 Lakhs |
Highest Package |
18 LPA |
18.30 LPA |
Average Package |
10 LPA |
9.30 LPA |
Admission Procedure:
NIBM:
GLIM :
Infrastructure :
Placements:
NIBM:
GLIM:
Both the B-School's package range is relatively the same. If you are interested in banking and finance, there is no better match than NIBM but if you are aspiring for something different then your choice may vary. It's totally based on the domain you are interested in.