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What is a better choice for PGDBM IRMA or NIBM?
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:
- The fee structure for the entire duration of 2 years is INR 12,00,000, involving hostel and mess charges.
- The seat intake is around 120 seats.
- Online Application Mode.
- CAT,XAT(80%),CMAT(95%) exams are accepted here.
- Followed by writing tests and interviews.
IRMA
- Admissions in ISBR is based on the ISBR written performance, Group Discussions, and Interview.
- IRBM costs 4LPA for MBA/ PGDM.
Infrastructure
NIBM:
- The campus is centrally air-conditioned and speeds wi-fi service.
- Cultural festivals are conducted every year.
- Poses Auditorium, IT equipped laboratories and digital library.
- Girl's Residentials are fully furnished with strong security 24*7.
IRMA
- The campus is equipped with state-of-the-art facilities like lecture halls, seminar rooms, a library, an auditorium,
- Supports formal training and development center, hostels, a student activity center, faculty & staff housing, a dispensary, etc.
Placements
NIBM
- NIBM assures 100% placement.
- The highest package calculated is around INR 18 LPA
- INR 10 LPA is the estimated average package in NIBM.
- Axis Bank, Deloitte, Federal Bank, State Bank of India, HDFC Bank are some of the prominent recruiters of NIBM.
IRMA
- IRMA's highest package records to be INR 13 LPA.
- INR 5.9 LPA is estimated to be the average package.
- The placement rate was measured to be 80%.
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.
Should I join the ICICI Manipal University PGDB program for PO?
The ICICI Manipal University PGDB program for Probationary Officers (PO) is an initiative by ICICI Bank to create bankers with relevant skills and knowledge.
Eligibility:
Any graduate up to 27 years of age having a minimum of 55% in any discipline can apply for the program. However, the selection depends on the multi-level rounds.
- Online Aptitude Test
- Online Psychometric Questionnaire
- Case-Based Group Discussion (GD)
- Personal Interview (PI)
GD and PI will be on the same day. The final merit list of the selected candidates is released.
Terms of Program:
- The first four months are for classroom teaching.
- The next two months are for an Internship at ICICI Bank.
- Another two months for Classroom teaching again.
- The last four months are for On-the-Job training.
Outline of Program:
- It is the one-year full-time residential program conducted at ICICI Manipal Academy (IMA) campus, Bengaluru. The campus has a state-of-art infrastructure with a computer lab and simulator.
- It includes internship and on-the-job training at ICICI Bank.
- The faculty is trained time-to-time and uses innovative pedagogy tools to give rich learning to the students.
- The program teaches core banking areas like banking products, compliances, operations, processes, and systems. Students can choose their specialization in retail banking.
- The aggregate program fee is INR 3,71,700. The best things are that you get an option to self-fund for the program or take an education loan from ICICI Bank.
After the program, you will get a position as Deputy Manager Band-I Grade in ICICI Bank and a Post Graduate Diploma in Banking from Manipal University. Overall, it is the best program for people who are inclined towards making a career in banking.
What is the exact fee structure of XLRI Jamshedpur for PGDBM?
XLRI Jamshedpur PGDBM Program Fee is Rs. 14 lakhs, paid over 4 installments as follows:
|
Installments |
I |
II |
III |
IV |
|
Rs. |
4.5 Lakhs |
3.5 Lakhs |
3 Lakhs |
3 Lakhs |
The fees include the cost of textbooks, reading materials, library resources, accommodation and boarding during the three mandatory campus immersion programs at Jamshedpur but exclude the travel and related costs.
Scholarships
To ensure the diversity of the participants, the following scholarship amount shall be adjusted from the total fees. A candidate can avail both scholarships for woman candidate and ST/SC candidate.
|
Category |
Amount |
|
Woman candidate |
Rs 1,00,000/- |
|
ST/SC candidate |
Rs 1,00,000/- |
The top performers of the batch are also eligible for academic scholarships of Rs. 50,000/- at the end of first year.
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