The Goa Institute of Management (GIM) offers a Post Graduate Diploma in Management (PGDM) with a specialization in Banking, Financial Services, and Insurance Management (BIFS). Admission requires an undergraduate degree with at least 50% marks. Prospective students must submit scores from competitive exams like CAT, XAT, CMAT, GMAT, or GRE, with cutoff percentiles around 85 for CAT and 80 for XAT. Application fees range from INR 2500 to INR 4500, increasing as deadlines approach.
Though there are no caste-based reservations, Goan domiciles have certain benefits. The selection process includes a Written Ability Test, an Online Interview, and possibly the GAAT exam for specific applicants. The program costs approximately 18.3 to 21 lakhs, with tuition fees fixed at 19.5 lakhs. Hostel and mess fees may increase annually by 10-15%. Scholarships like the GIM Merit Scholarship and ACCESS award offer financial relief. A tuition fee waiver is available for families earning below 8 lakhs annually, covering 5% of students.
Financial aid is also accessible through the Achiever's Round. Despite the substantial investment, the program is deemed worthwhile, given the 100% placement record with an average starting salary of 15 lakhs. Students can further alleviate financial burdens through education loans and on-campus jobs. The BIFS program maintains a 100% placement record, with all 60 students securing positions. The highest salary package reached INR 27 lakhs, with a median of INR 14.5 lakhs.
Many students received offers over INR 18 lakhs, with roles such as Risk Management and Financial Analyst. The BIFS Summer Internship Program lasts 16-21 weeks, offering an average stipend of INR 48,000 per month. Major companies like Barclays and Deloitte regularly recruit, ensuring robust placement support. Internships begin after the third trimester, with final placements in the fifth trimester, offering diverse opportunities and live project experience.
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