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BIMTECH

Birla Institute of Management Technology (BIMTECH) Greater Noida

Greater Noida, Uttar Pradesh | Established in 1988 | Approved/Accredited by AICTE, NBA, AACSB, AIU Recognized PGDM as Equivalent to MBA | Private | NIRF Rank: #64 MBAUniverse.com Rank: #32 Business Today Rank: #31 MBAUniverse.com Grade: AA+

PGDM Insurance Business Management

Last Updated on July 15, 2024 by Prof. SK Agarwal
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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Program Highlight

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.

ParticularsDetails
Program TypeMBA/PGDM
Program NamePGDM Insurance Business Management
Residential/Non-ResidentialResidential
Specialization OfferedMarketing, Banking & Financial Services, Insurance
Duration24 Month
Mode of StudyFull Time
Seats60
FeesRs. 13.00 Lakhs
Average SalaryRs. 11.10 Lakhs
Approved/Accredited byAICTE, NBA, AACSB, AIU Recognized PGDM as Equivalent to MBA
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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Rankings

PublisherRank YearRank
NIRF2024#64
MBAUniverse.com2024#32
Business Today2023#31
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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Curriculum Highlights

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. 

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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Eligibility Criteria

BIMTECH Admission Eligibility Criteria have following key requirements:

  • Graduates in any discipline with minimum 3 years bachelor’s degree with 50% marks
  • Candidates appearing for the final year of the bachelor’s degree/equivalent qualification examination can also apply. 
  • Candidates are required to take the Common Admission Test (CAT) conducted by IIMs or XAT conducted by XLRI, or should have a valid GMAT score, Or CMAT score or MAT score
     
EligibilityDetails
Education RequirementsBachelor's Degree, with at least 50% marks or equivalent CGPA
Exam AcceptedCAT, XAT, CMAT, MAT, GMAT
Work Experience-
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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Seats

Total Number of Seats: 60
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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Fees

 Fees ComponentAmount
Tuition FeeRs. 13.00 Lakhs
Total FeesRs. 13.00 Lakhs
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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Admission Process

Application Status: Closed

BIMTECH Admission Step by Step Process is as below:

  • Step-1: Apply for BIMTECH Admission & Appear in Entrance exam. BIMTECH accepts CAT, XAT, CMAT, GMAT, MAT score for its PGDM (IBM) and PGDM (RM) programmes
  • Step-2: BIMTECH conducts shortlisting process for admission in two phases. BIMTECH phase 1 application round is for profile based selection process which is conducted early even before the CAT/XAT/CMAT/GMAT/MAT result is declared. Only the candidates who apply early for BIMTECH PGDM Admission are shortlisted for the profile based selection process. The phase-2 is the regular exam based shortlisting process
  • Step-3: BIMTECH will conduct Personal Interview for shortlisted candidates. In the personal interview candidates are assessed mainly on competencies in Teamwork and Leadership Potential; Innovation, Creativity & Entrepreneurial Mind-set; Energy & Enthusiasm, Interpersonal Skill, Poise & Maturity
  • Step-4: 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. 

Exam Accepted

CAT
XAT
CMAT
MAT
GMAT

How to Apply

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 

Selection Process

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. 

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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Placements

YearAverage SalaryMedian SalaryHighest SalaryBatch Placed
2022Rs. 8.95 LakhsRs. 0Rs. 11.00 Lakhs100%
2023Rs. 11.22 LakhsRs. 0Rs. 14.50 Lakhs100%
2024Rs. 11.10 LakhsRs. 0Rs. 14.00 Lakhs100%

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Birla Institute of Management Technology (BIMTECH) Greater Noida PGDM Insurance Business Management

Exam Accepted and Cut offs

ExamPercentile | Score/Maximum Score
CAT70%
XAT70%
CMAT90/400
MAT90/600
GMAT70/800
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Birla Institute of Management Technology (BIMTECH) Greater Noida

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