Even though BIMTECH is synonymous with top PGDM programs, choosing from the vast array of programs it offers can be challenging. All of its programs are created using a thorough design process to adhere to national and international standards.

While picking a course must always be based on your area of interest, there are other aspects that can influence your choice. Here are a few of the main criteria that could aid in your decision between insurance and retail.

Some salient features of the Retail Management course:

• Well-accredited: Accredited by the NBA (National Board of Accreditation). BIMTECH also has tie-ups with the Retail Association of India.
• Practical Knowledge: The pedagogy at BIMTECH consists of case studies, live sessions, seminars, and live projects coupled with a short-term project to understand the tools, techniques, skills, and concepts that make up a successful retail manager.
• Training: While still in college, students experience a retail store’s functioning as a part of field learning initiated through tie-ups with various institutes
• Industrial Visits: The RM program also helps students get familiar with industry experts, and industrial visits are organized during the course.

Some salient features of the Insurance Management Course:

• Well-accredited: Accredo By the NBA (National Board of Accreditation). The college also has a tie-up with Swiss Re Global Services, Bangalore.
• Global touch: For a global exchange program, BIMTECH has teamed up with the Life Office Management Association (LOMA) in the US.
• Well-designed course structure: The course is structured with demanding live sessions, seminars, case studies, short-term projects, guest lectures from experts, industrial trips, and interactions with seniors working in the sector to give potential insurance managers a real-world once-over.

Placements are another crucial factor to take into account. While the college has enough connections for placements in the retail management course, the same cannot be said for the insurance management course. Enough companies extend offers to students in the insurance management domain, yet the return on investment is lower than retail management.

In the insurance sector, there are very few chances in the domestic market. But in the global market, there are a number of well-paying positions, giving you more options to investigate.

BIMTECH, being older, possesses a slight edge over MDI Murshidabad. Both have strong brand names associated with them (Birla and MDI). However, joining BIMTECH will provide you with a lot of opportunities and help boost your confidence by providing industry exposure. The faculty is supportive, and the infrastructure and location are good. 

However, you should look at different factors before joining a college, like placement records, location, industry exposure, infrastructure, faculty, etc. Comparing these two colleges on these parameters, BIMTECH comes out on top.

Both colleges are at par with each other and with the similar fee structure and average packages. So here are few of the companies that visit the companies respectively and you could make your decision based on your dream companies. 

The average package offered to the top 10% of students during BIMTECH placements 2023 stood at INR 15.86 LPA whereas Students placed with Top 10% of the average package at Great Lakes Gurgaon was INR 14.40 LPA .so in terms of placement, BIMTECH PGDM core is better.

Both NDIM and BIMTECH B Schools share a similar geographic benefit in that they are close to the corporate hubs of Delhi NCR. They also both have strong professors and infrastructure. BIMTECH, however, outperforms NDIM due to its good employer outlook, reputation, and highly active placement cell, which annually provides more than 50% of internship offers and excellent placements. As a result, you could prefer BIMTECH over NDIM.

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.