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 –
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.
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 |
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.
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.
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.
The college you want to choose depends upon what are your future plans, if you are planning to do specialization in finance then IFMR Chennai would be a good option, as IFMR Chennai is famous for its finance courses and if you are planning to do specialization in foreign subjects like foreign strategy and foreign trades then you should go with BIMTECH (IBM).
Choosing between these two colleges and courses IMT Nagpur's Marketing program or BIMTECH's Insurance Business Management program highly depends on your interests and your career aspirations. If you want your career in marketing and you see yourself working as a marketing professional you should choose IMT Nagpur and vice-versa.