National Institute of Bank Management - [NIBM], Pune - Reviews

Pune, Maharashtra AICTE Estd 1969 Public (Autonomous) 16 Questions Answered Ranked 87 For Overall By TOI 2019

8.319 reviews

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College Rating

Based on 19 Students RatingClaim this college

8.3 out of 10

8.8/10Academic

8.3/10Accommodation

8.5/10Faculty

7.9/10Infrastructure

8.4/10Placement

8.0/10Social Life

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Management (19)

Best college for interest in Finance

Sunil Kumar Vashisth

Batch 2021 PG Diploma, Banking And Financial ServicesMay 4, 2020

10.0 /10

Remarks

College management is good whether its education, support, guidance, student-driven clubs and committees.

Loan/ Scholarship Provisions

There is a special loan offered to the NIBM students which are given by Punjab National Bank whose interest cost is almost MCLR.

Fee Structure And Facilities

Fees structure is feasible with the facilities provided by the college. The total fees for the full course of 2 years PGDM is INR 12Lakhs which includes hostel fees, tuition fees except for the mess fees. If we see the return on investment then the fees are quite feasible.

Hostel Facilities

10/10

The hostel is good and facilities for water, sanitation, electricity, Wi-fi is provided. Every day the rooms are cleaned. Flats/Villa with 2 or 3 rooms is provided as hostels for students. Girls and boys hostels are separate. Maximum two students are provided with one room in hostels.

Hostel Fee : INR 87000 External Expense : Rs.4000 - Rs.7000

College Events

10/10

Every year there is NIBM technical & cultural festival named as Adhikosh which involves various technical events like banking event with name as All India Bank, the stock event with name as Bid the Pip and participation is from almost all B-Schools in India. Also, there is another event name as NIBM Colloquium everywhere which is 2-day event involves technical events which gets participation from various B-Schools.

Campus Life

10/10

The campus is lush green and has natural beauty as it is full of flora as well as fauna. The gender ratio is almost equal to Seminars are organized in the campus which is addressed by various prominent bankers of India. There are various extracurricular activities take place comprising of a sports event, debate competitions and various other competitions which helps everyone to excel.

Alumni/Alumna

The alumni network is strong and the alumnus keeps guiding us to how to go way forward as well as the senior batches are quite helpful and supportive.

Faculty

10/10

The best faculties in the banking industry teach in NIBM. Many faculties have industry experience and many are consultants to consultancy projects of Reserve Bank of India, National Housing Board, many Public Sector Banks. They are a part of various committees as well.

Admission

Firstly there was admission form which comes every year after the Common Admission Test (CAT) result comes which is mostly opens till the end date of March every year. Then the shortlist comes during mid of April which includes my name and was an intimation of dates at the end of April scheduled for Written Ability Test and Personal Interview.

Placement Experience

10/10

Placement drive includes recruiters from Banking sector band placement week is mostly during November every year. Mainly Private sector banks in India like HDFC Bank, Axis Bank, HDBC Bank and various consultancy firms like KPMG, Grant Thorton, Aptiva, Accenture are recruiters. Internships occur from April to May month every year. The internship is offered by companies like, CRISIL, Future Generali, HDFC Bank, Ujjivan Bank and various others.

Course Curriculum Overview

10/10

The course curriculum covers every aspect related to banking sector also the course is designed in a such a way that it started with a base of Finance from ground level which makes it easy for even a non-finance graduate example like engineer or science graduate to understand the concept and use them in research related to projects or internships and even in the jobs.

Class Size : 120 Course Fees : INR 600000

10 /10 faculty

10 /10 placement

10 /10 social life

10 /10 course

10 /10 hostel

10 /10 campus life

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National Institute of Bank Management - [NIBM], Pune : 16 answered questions

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Ques. Which one should I choose for PGDM between GLIM, GIM, FORE, LIBA, NIBM, IFMR and IIFM, Bhopal? And why? I already have calls from GLIM, GIM, FORE and accepting calls from others also.

● Top Answer By Ankita Sarkar on 18 Nov 20

Ans. First of all these B-Schools are the top most B-Schools in India. All of them offered PGDM programs in various specialized areas. Among these seven BSchools out of which GIM, NIBM, and IIFM Bhopal are the sectorial institutes that are offering PGDM programs in 4-5 specialized subjects. Given below is a few of the important information about the seven B-Schools which may help you in choosing an institute. Faculty: All of these colleges have highly qualified faculty members. GLIM, FORE, and GIM have the highest no. of faculty strengths which is more than 50 whereas IIFM has 35 well-experienced faculty members. LIBA, NIBM, and IFMR have the least number of teaching members such as more than 10 members. The maximum number of teaching members are designated by the associate professor at these B-Schools. Placement statistics: The placement report of 2020 for each of these B-Schools is provided below. GLIM: In 2020, approximately 45 companies were visited during the placements process. 50% of recruiters are from IT sectors such as Deloitte, Salesforce, Hexaware, IDFC Bank, ICICI Bank, etc. GIM: 69 companies were visited throughout the placement process such as Asian paints, Signify, Puma, Reliance, etc. FORE: Around 36 students received PPOs and 75% of students got placed in 2020 placement. The recruiters such as HCL, Amazon, Wipro, Infosys, etc. came. LIBA: 40% of recruiters were from the consultancy sector and others were from banking, analytics, etc. Reputed companies such as Cognizant, Deloitte, Amazon, Kindle, TCS were the recruiters in the 2020 placement process. NIBM and IFMR: The number of recruiters during the 2020 placement process was 70. Some of them are Accenture, HCL, Genpact, Aviva life insurance, etc. IIFM Bhopal: Most of the recruiters are from the banking and environment sectors. IDFC Bank, Dharma life, Axis Bank, BFIL, etc. came through the placement process. B-School Average CTC Highest CTC GLIM 9.15 LPA 13.6 LPA GIM 11.72 LPA 25.6 LPA FORE 10.60 LPA 30 LPA LIBA 9 LPA 14 LPA NIBM 9.44 LPA 14.5 LPA IFMR 9.37 LPA 18.80 LPA IIFM Bhopal 7.5 LPA 13.2 LPA It is very difficult to decide a better option among the above BSchools because each one of these institutes are top-notch. But on the basis of placement statistics for 2020, FORE school of management is offered the highest salary package as compared to other B-Schools.Read more

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Ques. Which college is better for MBA: SIMS Pune or NIBM Pune?

● Top Answer By Nikhil Kankaria on 04 Nov 20

Ans. Both NIBM and SIMS are considered the best colleges in Pune. NIBM received Asia’s Best Award at World HRD Congress 2018. Whereas, SIMS Pune is ranked 24 for MBA by TOI 2019. Admissions: SIMS: It is an AICTE and NAAC approved college which accepts the admission of graduates above 50% score. Admission for the courses is done based on the score of SNAP. The rut off for Round 1 SNAP is 77 Percentile. There is an availability of 120 seats for admission. NIBM: NIBM is an AICTE approved college that accepts the admission of graduates above a 50% score. Admission for the courses is done based on the score for CAT/CMAT. The final selection is done by the university based on the written ability test (WAT) and Personal Interview (PI). The cutoff score of MAT is 94+ Percentile, cut off score of CMAT is 94+ percentile, and the cutoff score of CAT is 80 percentile. There is an availability of 120 seats for admission. Faculty: SIMS: Faculty members in SIMS focus on interactive learning. They use different methods to make classes more engaging and productive even when classes are conducted virtually. It involves peer learning, and you get to learn about a lot of things covered in the course curriculum as well as in presentations, workshops seminars, etc. NIBM: The teachers are highly qualified and knowledgeable. Most of the faculty has a doctorate. The faculty does not only focus on theory but it makes students industry-ready. Placements: SIMS: Placements are offered in every field like finance, banking, marketing, etc. The average salary package offered in SIMS is 8 LPA. Major companies like Deloitte, Google, and Accenture have offered placements. The training is provided by the placement cell well in advance for better opportunities. The overall salary package here is between 6-13 LPA. NIBM: NIBM Pune has a 100% placement record. They provide many internships and social development projects for students to avail of a better job opportunity. The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA. Both SIMS and NIBM are the best and well diverse colleges. There is not much difference based on infrastructure or campus facilities. But there is a well-versed difference in opportunities due to the better ranking of SIMS, which makes it more preferable among students than NIBM. There is also a visible difference in placement records which makes SIMS a better choice than NIBM.Read more

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Ques. Which college is better: NIBM, Pune or PIBM, Pune?

● Top Answer By Nikhil Kankaria on 04 Nov 20

Ans. NIBM and PIBM are both considered among the best colleges for MBA. With the well-versed diversity and well-facilitated campus, both the colleges are in a league of its own. Rankings: PIBM is a good college with a NIRF 2020 ranking of 76-100 and ranked as 34 in Times 2020. NIBM is one of the best colleges in India and is ranked above 100 by NIRF. Courses: PIBM: PIBM offers a full-time PG Diploma in Management program (PGDM) and 2 different courses in MBA. The course fee is about 8 Lakhs. NIBM: NIBM offers a full-time PG Diploma in Management program (PGDM) in Banking and finance. The total fee for the course is about 7 Lakhs. Admissions: PIBM: PIBM is AICTE approved and accepts the admission of graduates above 50% score and the 10th 12th score should also be above 50%. Admission for the courses is done based on the score for CAT/CMAT/XAT/PMAT/MAT/ATMA. The cutoff score of MAT is 94+ Percentile, cut off score of CMAT is 94+ percentile, and the cutoff score of CAT is 60 percentile. NIBM: NIBM is also AICTE approved and accepts the admission of graduates with above 50% score. Admission for the courses is done based on the score for CAT/CMAT. The final selection is done by the university based on the WAT and PI. The cutoff score of MAT is 94+ Percentile, cut off score of CMAT is 94+ percentile, and the cut-off score of CAT is 80 percentile. There is an availability of 120 seats for admission. Placement: NIBM: NIBM Pune has a 100% placement record. The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA. PIBM: The highest salary package offered is 12 LPA. About 80% of the students got placed before the pandemic situation, and for others, the process is still going on. Companies like Deloitte, EClerx, Lake, Upgrade, Marico, Dabur, ITC, etc., visit the PIBM campus for placements. Infrastructure: NIBM: NIBM has a self-contained campus with complete residential and educational facilities. Labs and Wi-Fi facilities are available and maintained accordingly. PIBM: PIBM Pune provides all the necessary things, like a well-facilitated library and music room and well-maintained campus area. Wi-Fi facility is available on the PIBM campus as well as in the hostel. Both the institutes provide good opportunities regarding placements. There is a slight difference in the specialization of financial studies that are offered in NIBM which makes it considerably better than PIBM otherwise both are good choices for students.Read more

1 Answer

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Ques. What is the criteria to get into NIBM?

● Top Answer By Nikhil Kankaria on 04 Nov 20

Ans. NIBM that is the National Institute of Banking and Management Pune is considered one of the best in the country and ‘The Best’ in the state. NIBM received Worldwide Achievers’ Award for a good performance at B-School in Banking and Finance. The criteria for admission at the institute are as follows. Criteria for Admission: For Admission, every individual has to follow the basic guidelines put forward by the university authorities. NIBM is an AICTE approved college that accepts the admission of graduates above 50% score or equivalent CGPA by any MHRD recognized college or university. Students are shortlisted for admission based on the score for CAT/CMAT/XAT. After that, the shortlisted candidates have to give the Written Ability Test (WAT). The final selection is done by the university after the written ability test (WAT) and Personal Interview (PI). These selected students have to send an email to the University by sending RS 1 lakh for the confirmation of acceptance. Cutoff: The University provides its cutoff based on the exam and performance. This cutoff is not fixed, it changes every year. The average cutoff is as follows. The Cutoff score of MAT is 94+ Percentile. The Cutoff score of CMAT is 94+ percentile. The Cutoff score of CAT is 80+ percentile. There is an availability of a total of 120 seats for admission per year. The application fee is INR 1500. NIBM Pune selection centers for admission are at Bangalore, Delhi, Pune, Mumbai, Kolkata, Lucknow.Read more

1 Answer

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Ques. Which is a better college for finance - NIBM or KJ?

● Top Answer By Nikhil Kankaria on 04 Nov 20

Ans. With the well-versed diversity and well-facilitated campus, both the colleges are in a league of its own. There are very few management institutes that offer specialization in financial studies as a separate course. NIBM and KJ are placed in top among these few Institutes. Ranking: KJ is considered one of the best colleges in India with a 56 NIRF 2020 rank and 5th rank by the Times 2020. NIBM is also one of the best in India and is ranked above 100 by NIRF. Admission: KJ: Admission for the courses is done based on the score for CAT/CMAT/GMAT/XAT with a 50% graduation score. The cutoff score of GMAT is 95+ percentile, cut off score of CMAT is 95+ percentile, and cut off score of CAT is 85 percentile. NIBM: Admission for the courses is done based on the score for CAT/CMAT. NIBM Pune also accepts the MAT score. The cutoff score of MAT is 94+ percentile, cut off score of CMAT is 94+ percentile, cut off score of CAT is 80 percentile. The final selection is done by the university based on the written ability test (WAT) and Personal Interview (PI). Courses Offered: NIBM: NIBM offers a full-time PG Diploma in Management program (PGDM) in Banking and finance and one course in MBA. The total fee for the MBA course is about 7 Lakhs. KJ: KJ offers a full-time PG Diploma in Management program (PGDM) in Banking along with finance and 12 different courses in MBA. The course fee is about 15 Lakhs. Placement: NIBM: NIBM Pune has a 100% placement record. They provide many internships and social development projects for students to avail of a better job opportunity. The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA. KJ: KJ also has a 100% placement record. The highest salary offered was 27 LPA with an average salary of 9.50 LPA. The Faculty is considered better in KJ than in NIBM due to its better ranking. Also, the placement and internship opportunities are more in KJ than in NIBM. So, considering the statistics it can be said KJ is better than NIBM in a few aspects.Read more

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